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GOVT EYES P585B FROM DOMESTIC MARKET IN Q1 www.businessmirror.com.ph

Friday, December 22, 2023 Vol. 19 No. 72

P25.00 nationwide | 3 sections 28 pages | 7 days a week

SAFEGUARDING SPARKS, SAVORING TRADITION As the festive season unfolds, the Department of Trade and Industry Fair Trade Enforcement Bureau takes proactive measures in monitoring and enforcing technical regulations at fireworks and firecracker stores in Bocaue, Bulacan, on Thursday, December 21, 2023, as authorities inspected stores to verify permits and certifications, focusing on ensuring that the products being sold not only ignited festive joy but also adhered to strict safety standards. Meanwhile, in Quiapo, Manila, the aroma of tradition wafted through the air as patrons of Excelente Chinese Cooked Ham store on Palanca Street sought out the timeless delight of cooked ham prepared with the age-old method. NONOY LACZA/ROY DOMINGO

By Jasper Emmanuel Y. Arcalas @jearcalas

HE national government plans to borrow almost P600 billion from the domestic market in the first quarter of next year through the sale of various government securities to augment its financing requirement. The Bureau of the Treasury (BTr) released recently its auction schedule for the first three months 2024 for Treasury bills (T-bills) and Treasury bonds (T-bonds) with a total amount of P585 billion. The Treasury targets to raise as much as P195 billion in January from the combined tender of T-bills and T-bonds while planning to borrow P210 billion and P180 billion in February and March, respectively. During the three-month period, the Treasury aims to raise P390 billion of the total P585 billion from the tender of T-bonds; the remaining amount of P195 billion would be sourced from T-bills sale. Based on the schedule it released, the Treasury will hold a total of 13 auctions of T-bills across the three-

month period, with five tenders being held in January and four auctions each in February and March. Meanwhile, there will also be a total of 13 tenders for T-bonds scheduled as follows: four in January, five in February, and four in March, according to the Treasury.

Borrowing plan: P2.46 trillion

The national government has set its borrowing plan in 2024 at P2.46 trillion, some P253 billion more than this year's P2.207 trillion gross borrowing plan, based on state budget documents. Next year’s borrowing program would still follow a 75:25 mix in favor of domestic sources.

AMEND ‘OUTDATED’ APPRENTICE SYSTEM, GERMAN BIZ URGES PHL

S the Philippines has secured the “leading position” in the global landscape in employment intentions, the government should amend the “outdated” Apprenticeship system, one of the laws meant to improve skills development, among others, according to the Germ a n-Ph i l ippi ne C h a mber of Commerce and Industry (GPCCI). “ The global comparison shows more interest in job creation by German businesses in the Philippines,” said GPCCI President Stefan Schmitz in a statement on Thursday. “A side from continuing to liberalize the Philippine economy for foreign players, we urge the Philippine government to take advantage of this momentum by instituting laws that seek to improve skills development of Filipinos such as amending the outdated Apprenticeship system and strengthen enterprise-based

education,” Schmitz added. Deriving from the analysis of the AHK World Business Outlook Fall 2023, conducted by the GPCCI and the German Chambers of Commerce Abroad (AHK), German businesses operating in the Philippines demonstrated “stronger intentions” to increase employment over the next 12 months, especially when compared to their counterparts in Asean countries and other global locations. In the global landscape, GPCCI said the Philippines has garnered “significant” attention of improved local economic expectations in the next 12 months, where the Philippines was projected as the highest. The Philippines has also secured the leading position in employment intentions, with 63 percent of participants planning to hire more within

PHL’s rice imports as of mid-Dec hits 3.2 MMT

HE country’s rice imports as of mid-December have breached 3.2 million metric tons (MMT) level with over 130,000 MT arriv-

ing in the first 14 days of this month, according to the Bureau of Plant Industry (BPI). See “PHL,” A2

See “Amend,” A2

See “Govt,” A2

PESO exchange rates n US 55.8130 n japan 0.3888 n UK 70.5532 n HK 7.1488 n CHINA 7.8189 n singapore 41.8859 n australia 37.5566 n EU 61.0706 n KOREA 0.0428 n SAUDI arabia 14.8974 Source: BSP (December 21, 2023)

News

BusinessMirror

A2 Friday, December 22, 2023

Govt… Continued from A1

The Marcos Jr. administration will borrow P1.853 trillion next year from the domestic market through the sale of T-bills and Tbonds. The Bureau of the Treasury will tender a total of P51.050 billion worth of T-bills and P1.802 trillion worth of T-bonds for the entire 2024. The remaining P606.850 billion will be secured by the national government from abroad through program loans (P295.845 billion), project loans (P36.005 billion) and bonds and other inflows (P275 billion). The Treasury cancelled earlier this month its two remaining auctions—one for T-bills and one for T-bonds—after it completed its domestic funding requirements for the year. The Treasury earlier reported that the country's outstanding debt as of end-October rose to a record P14.48 trillion as the state borrowed more to bankroll its programs and projects worsened by depreciation of the country’s currency. The national government (NG) added P212.13 billion to its debt stock from the P14.268 trillion outstanding debt level in September, according to the Treasury. The Treasury attributed the increase to “net issuance and availment of domestic and external loans as well as the revaluation of pesos depreciation against the US dollar.”

www.businessmirror.com.ph

Tesda still tops in approval, trust ratings in govt–survey

By Patrick V. Miguel

HE Technical Education and Skills Development Authority (Tesda) still holds the top spot in the approval and trust rating survey among government agencies conducted by Publicus Asia Inc.

Phl… Continued from A1

Latest BPI data showed that total rice imports as of December 14 reached 3.223 MMT, some 603,000 MT lower than the 3.826 MMT recorded full-year import volume last year.

The Department of Agriculture (DA) earlier projected that the country's total rice imports this year could settle at around 3.65 MMT, if the remaining valid import volume arrives in the country. (Related story: https://businessmirror.com.ph/2023/12/14/ rice-imports-to-fall-by-5-due-to-highprices/) BPI data also showed that Viet-

In the fourth quarter, Tesda is the most approved and trusted government agency with a 77-percent approval rating and 61-percent trust rating, according to the Pahayag End of Year survey for 2023. “We vow to continue improving our programs and services to ensure that more Filipinos receive upskilling and reskilling training from Tesda. We understand that this helps to improve the lives of our kababayans, and empowers them further to be productive members of our society,” said Tesda Secretary Su-

harto Mangudadatu in a news release. In the third quarter PAHAYAG Survey, Tesda got a 75-percent approval rating, higher than its previous 72-percent rating in the 2nd quarter survey. In the survey, Tesda was followed again by the Armed Forces of the Philippines (AFP) and the Department of Science and Technology (DOST) with 72-percent and 69 percent approval ratings, respectively. In the trust rating, Tesda was followed again by the AFP with a 59-percent rating and

nam remained the country’s top source of imported rice, accounting for 87 percent of the total import volume as of December 14. The country’s total rice imports from Vietnam have so far reached 2.813 MMT. It was followed by Thailand at 207,648 MT and Myanmar at 131,718 MT, based on BPI data. Citing historical data, the DA expects about 620,000 MT of rice to enter the country this December. Latest BPI data showed that about 137,501 MT of rice has already arrived in the country from December 1 to December 14. BPI data showed Bly Agri Venture Trading remained the top rice importer in the country with a total volume of 233,438 MT. It was followed by Davao Solar Best Corp. with a total volume of 221,598 MT and Orison Free Enterprise Inc. with a total import volume of 203,389 MT. The data also showed that BPI approved and issued 557 sanitary and phytosanitary import clearances (SPSICs) in December for the importation of 444,270.4

MT of rice. Under the updated rules and regulations of the Department of Agriculture, the approved rice import volume must enter the country within 30 days after the corresponding SPSICs were issued. Agriculture officials earlier cautioned that without rice imports coming in the next few months, particularly in January and February, the country would have thin grain stocks, especially amid the anticipated impact of El Niño on domestic rice production. “Without [rice] imports, we will have less than 39 days at the end of the first semester and 61 days at the end of March, which is very thin supply considering our archipelagic condition. We cannot spread the 61 days [stock level] evenly, so we need to import,” Agriculture Undersecretary for Rice Industry Development Leocadio S. Sebastian said earlier. (Related story: https:// businessmirror.com.ph/2023/12/15/ da-sees-domestic-milled-rice-outputdecline-in-h1-2024-amid-el-ninothreat) Jasper Emmanuel Y. Arcalas

the Bangko Sentral ng Pilipinas (BSP) with a 54-percent rating. The third quarter results state that Tesda was followed by the AFP with 57-percent trust rating, and the Bangko Sentral ng Pilipinas (BSP) with 56 percent. The fourth quarter of the Publicus Asia survey for 2023 was conducted from November 29 to December 4 with 1,500 respondents nationwide. “I assure you that TESDAns are doing their best to continue to provide high-quality and relevant tech-voc training to all Filipinos,” said Mangudadatu.

Amend… Continued from A1

the country in the next 12 months, the German chamber noted. GPCCI also said the Philippines established dominance in the services sector, claiming the highest ranking at 47 percent as a “pivotal factor” for investment, as well as maintaining a competitive edge in sales and marketing at 50 percent. With this, GPCCI underscored the importance of the proposed changes to the Apprenticeship Law, which was highlighted among President Marcos Jr.’s priority bills, as it aims to eliminate the cap on apprenticeship duration. “This amendment acknowledges that the necessary length of training should be determined based on the specific skill or curriculum requirements,” GPCCI said in a statement on Thursday. Andrea E. San Juan

NTC SLAPS 30-DAY SUSPENSION ORDER ON SMNI By Lorenz S. Marasigan

@lorenzmarasigan

HE National Telecommunications Commission (NTC) has issued a Show Cause Order with a 30day Suspension Order against Sonshine Media Network International (SMNI), which allegedly violated its franchise. In a statement, the NTC said it has directed Swara Sun Media Corp., commonly known as SMNI, to explain in writing within 15 days from receipt of the order why “it should not be administratively sanctioned for alleged violation of the condition of its authorities to comply with all the laws, rules and regulations of the land.” The regulatory body cited Section 16 of the Public Service Act as its basis for the 30day suspension of SMNI’s radio and television operations. To recall, the House of Representatives’ Committee on Legislative Franchises conducted three committee hearings, raising concerns about SMNI’s operations. During the hearings, lawmakers claimed that SMNI had allegedly committed infractions, including the dissemination of deliberately

false information or willful misrepresentat ion, whic h could be detrimental to the public. Free-speech advocates had claimed the congressional hearings would send a chilling effect down the broadcast media sector, considering that one of the reports that spurred allegations that SMNI is a “fake news” purveyor involved the alleged—later proven erroneous claim—in one of its reports that the travel expenses of Speaker Martin Romualdez’s office had breached P1.8 billion. The committee noted, however, that SMNI had “committed infractions of the Philippine Constitution, Kapisanan ng mga Brodkaster ng Pilipinas, Broadcast Code, and the Revised Corporation Code.” These allegations prompted Congress to call on the NTC to suspend SMNI’s operations through a House Resolution, with the NTC giving “due deference to such determination of the House of Representatives and its authority over all matters directly and principally relating to the grant, amendment, extension, or revocation of franchises.” NTC has set the administrative hearing to address this

issue for January 4, 2024.

Davao-based preacher

SMNI, owned by Davao-based preacher Apollo Quiboloy, has a television news channel and operates a radio channel in Manila. Just two days ago, the Movie and Television Review and Classification Board (MTRCB) slapped a two-week suspension on two of its programs, Gikan Sa Masa, Para Sa Masa and Laban Kasama ng Bayan. Gikan Para Sa Masa was su s pended a f ter it a i red for mer President Rodr igo Duterte’s show, where he allegedly threatened Act Teachers Party-list Rep. France Castro’s life. Quiboloy is a close associate of the former president. Laban Kasama ng Bayan, meanwhile, was placed on twoweek suspension following hosts Jeffrey Celia and Lorraine Badoy’s reports on the alleged travel extravagance of House Speaker Martin Romualdez. When sought for comment, SMNI Legal Counsel Mike Tolentino said that the group has yet to receive the NTC’s order. “We are still waiting for the notice. As of today, we have not yet received it officially,” he said in a text message.

Friday, December 22, 2023

www.businessmirror.com.ph • Editor: Vittorio V. Vitug

DOJ told to include elderly, PWDs in grant of executive clemency By Butch Fernandez @butchfBM

ICOL Saro Par ty-list Rep. Brian Raymund Yamsuan called on the Depar tment of Justice (DOJ) to consider giving priority to the elderly, sick and persons with disabilities (PWD) in recommending the grant of executive clemency to prisoners this Christmas season. The lawmaker issued the call as he expressed support for the jail decongestion initiative of DOJ Secretary Jesus Crispin Remulla to release 1,500 persons deprived of liberty (PDLs) by recommending to the President that they be granted executive clemency. The qualified PDLs were recommended for clemency by the Board of Pardons and Parole (BPP), an agency under the DOJ. Yamsuan also lauded the DOJ’s Bureau of Corrections (BuCor) under Director General Gregorio Catapang Jr. for facilitating the release of more than 11,000 PDLs since the start of the administration of President Ferdinand R. Marcos Jr., as part of the government’s jail decongestion program. “We urge the DOJ and the BPP to consider giving priority to elderly, frail PDLs and those suffering from critical illnesses and disabilities in recommending the grant of executive clemency to President Marcos,” Yamsuan said. “And we are hopeful that the President would act on these recommendations for humanitarian reasons. Christmas is a time for mercy and compassion. It is also a time that should be spent with one’s family. PDLs who are old, disabled, or in poor health should be given the chance to spend time with their loved ones,” he added. Under the revised rules and regulations

of the BPP, executive clemency refers to “reprieve, absolute pardon, conditional pardon with or without parole conditions and commutation of sentence as may be granted by the President of the Philippines.” Yamsuan said he is optimistic that the BPP would give priority to elderly, sick and frail PDLs following its recent issuance of Board Resolution OT-08-02-2023. According to DOJ Undersecretary Jesse Hermogenes Andres, the resolution states that “PDLs who are 70 years old and, even if they are considered high-risk, if they have already served 10 years of their sentence, shall now be considered for executive clemency specially if they are suffering from old age, being sickly, or terminal or life threatening illnesses or other serious disability.” This means that more elderly, critically ill PDLs could be recommended for executive clemency because the period of the mandatory minimum sentence service has been lowered to 10 years from the previous 15 years, Yamsuan noted. As for the other PDLs qualified for release either through pardon, parole, or having served their maximum sentence, Yamsuan said they should be given the proper training and assistance so that they can start to rebuild their lives and become productive individuals. Yamsuan said he is glad to learn that freed PDLs have undergone BuCor’s Reformation and Release Program, where they were given skills training by the Technical Education and Skills Development Authority. Providing appropriate interventions to PDLs to prevent them from becoming repeat offenders is another strategy to help decongest the country’s overpopulated penal and detention facilities, Yamsuan said.

Radar deal highlights PHL-Japan strategic partnership–DND chief

HE air surveillance radar system (ASRS) project between the Philippines and Japan highlights the strategic partnership between the two nations, Department of National (DND) Secretary Gilberto C. Teodoro Jr. said Wednesday. “Today (Wednesday) we witnessed one of the concrete steps and concrete actions that our strategic partner Japan has done in order to firm up our alliance,” he said during the turnover of the Japanese-made ASRS in San Fernando, La Union Wednesday. President Ferdinand R. Marcos Jr., meanwhile, joined Asean on Monday in condemning North Korea’s action to reportedly fire an intercontinental ballistic missile toward the Sea of Japan. “We join Japan, together with the rest of the ASEAN, in condemning the continued threat that the launching of ballistic missiles by the DPRK [Democratic People’s Republic of Korea] represents,” President Marcos said. The President made the remarks prior to his speech during the meeting of Asia Zero Emission Community (AZEC) leaders at the Prime Minister’s Office in Tokyo, Japan as part of the 50th Commemorative Asean-Japan Friendship and Cooperation Summit. “As we speak on economic progress in our region, we found these aspirations on a peaceful and stable Indo-Pacific Region. So, such dangerous and provocative actions by the DPRK threaten and destabilize the region and the world,” he added. North Korea reportedly fired a long-range ballistic missile, which supposedly fell into the sea, west of Hokkaido, according to Japan’s coast guard. Also, Teodoro said the Philippines’ cooperation with Japan, along with other like-minded nations, is aimed at ensuring that the Indo-Pacific Region remains free and open.

“That is why we are cooperating not only bilaterally with Japan but multilaterally with other countries, [in order] to maintain a free and open Indo-Pacific to establish right and proper conduct under a rules-based international order, the primacy of generally accepted principles of international law in particular and principally UNCLOS,” he added. The Philippine Air Force (PAF) earlier announced that it now has the capability to detect intrusions coming in within 300 nautical miles with the turnover of the Mitsubishi Electric Company (MELCO) last December 20. Teodoro also said that the ASRS will also allow the Philippines to determine what is going on in its exclusive economic zone. The PAF earlier said that the ASRS deal with MELCO consists of three fixed FPS-3ME and one mobile TPS-P14ME and is worth P5.5 billion. These radar systems will be operated by the PAF’s 580th Aircraft Control and Warning Wing and is under the Armed Forces of the Philippines (AFP) Modernization Horizon Plan 2. Procurement mode was done via government-to-government deal. The DND signed this contract on August 14, 2020. The contract includes the radar platform with support facilities that include radar tower and radome, command-and-control building, communications infrastructure, electric power generator building and housing for the mobile radar and its vehicles. It also includes support vehicles for the mobile radar, training, maintenance facilities and initial integrated logistics support systems (ILS). The PAF said the ASRS are designed for early warning, and land and maritime surveillance, whether for fixed-wing aircraft, helicopters, or remotely piloted vehicles. Rex Anthony Naval

Wang Yi: PHL-China ties facing ‘serious difficulties’ By Malou Talosig-Bartolome

HINA’S top diplomat and member of the influential Politburo warned that relations between Manila and Beijing are “facing serious difficulties” following the recent spat between the two countries over the West Philippine Sea (WPS). “China-Philippines relations are at a crossroads. Faced with the choice of where to go, the Philippines must act with caution,” the China’s foreign ministry, quoting Wang Yi, a member of the Political Bureau of the Communist Party of Chinas (CPC) Central Committee and Foreign Minister, as saying. Wang spoke with his Philippine counterpart, Foreign Affairs Secretary Enrique Manalo Wednesday in a phone call. “If the Philippines misjudges the situation, insists on going its own way, or even colludes with malicious external forces to continue

causing trouble and chaos, China will definitely safeguard its rights in accordance with the law and respond resolutely,” Wang said. He claimed that the “root cause” of the seemingly deteriorating diplomatic ties between the two neighbors is Manila’s “change” of policy stance and alleged reneging of its commitments. W hile he did not state the specific policy shift, the Chinese foreign ministry repeatedly mentioned that the Philippine government had earlier promised to tow the BRP Sierra Madre that was grounded on Ayungin Shoal, some 105 nautical miles west of Palawan. The Chinese foreign minister, known in the international arena as a “wolf warrior” also accused the Philippines of “provoking[ing] and [causing] trouble at sea, and undermined China’s legitimate rights.” Beijing had insisted that the Philippine Navy and Philippine Coast Guard have been sending

construction materials to the grounded ship, and provoking the Chinese Coast Guard to take action, such as firing water cannon on the Philippine civilian boats. “Wang Yi advised the Philippines not to go in the wrong direction, but to return to the right path as soon as possible,” the ministry said. He stressed that as neighbors, “separated by a strip of water,” consultation is the “not only an effective way” but also a “useful” mechanism to salvage the relations. “The top priority is to properly handle and control the current maritime situation,” he added. “China has always been committed to resolving differences through dialogue and consultation and jointly maintaining maritime stability.” In a separate statement, the Philippine foreign affairs secretary said he had a “frank and candid exchange” with Wang. “[We] ended our call with a

PBBM urged to seek US help amid WPS ‘attacks’

AGAYAN de Oro City 2nd District Rep. Rufus Rodriguez on Thursday urged President Ferdinand R. Marcos Jr. to seek the help of the United States in preventing future Chinese attacks on Philippine vessels in the West Philippine Sea (WPS). The Mindanao lawmaker made the appeal in response to the President’s statement calling for a “paradigm shift” in dealing with Chinese aggression in the WPS. “I support the President’s call. We should be done protesting Beijing’s continued harassment and bullying of our Coast Guard and Bureau of Fisheries and Aquatic Resources (BFAR) personnel, our fishermen, our small contingent of soldiers in Ayungin Shoal, and our civilian boat crew involved in resupply missions. Our numerous and repeated protestations have fallen on deaf ears,” he said. “Mahaba ang pasensiya nating mga Pilipino, pero may hangganan ang ating pasensiya,” he said.

Rodriguez said in exploring a new tack, the President should consider consulting with its defense treaty ally, the US, in tackling future Chinese aggressive activities in the WPS. He said the President could invoke the 1951 Mutual Defense Treaty between the Philippines and the US. He cited Article lll of the treaty which states, “The Parties, through their foreign ministers or their deputies, will consult together from time to time regarding the implementation of this Treaty and whenever in the opinion of either of them the territorial integrity, political independence or security of either of the Parties is threatened by external armed attack in the Pacific.” He further quoted Article V, which provides that “an armed attack on either of the Parties is deemed to include an armed attack on the metropolitan territory of either of the Parties, or on the is-

land territories under its jurisdiction in the Pacific or on its armed forces, public vessels or aircraft in the Pacific.” R od r ig ue z su g gested t h at President Marcos’ call for consultations between the Philippines and the United States on future scenarios in the WPS. “It’s obvious that there has been no ‘armed attack’ yet - an assault that is within the purview of the treaty. But certainly, there is threat to our personnel and fishermen and to our country’s ‘territorial integrity…or security,’” he said. He said the Philippines could ask the US “how, as a defense treaty ally, it could help address this threat and assist us in asserting, protecting and defending our sovereignty, territorial integrity and maritime rights in the West Philippine Sea.” He said China has been evidently calibrating its responses to such assertions.

clearer understanding of our respective positions on a number of issues,” Manalo said. He stressed that the phone call was a follow through of the bilateral meeting between President Ferdinand R. Marcos Jr. and President Xi Jinping at the sidelines of APEC Economic Leaders Summit in San Francisco last month. The Chinese foreign ministry quoted Manalo as telling Wang: “We are willing to strengthen dialogue with China in good faith, give full play to the role of the communication mechanism between the two countries on maritime issues, and jointly seek solutions to the problems.” “We both noted the importance of dialogue in addressing these issues,” Manalo said. Both ministers agree to hold a bilateral consultation mechanism meeting on the South China Sea issue “as soon as possible” and “actively create conditions” for the reconvening of the meeting. “Before, we did not see our Coast Guard and BFAR personnel, fishermen and civilian boat crew being water-cannoned or subjected to military-grade laser and loud acoustic blasts, and being blocked in a very aggressive way in their missions and activities. Now, we see those tactics being used on our people in a very dangerous manner. What would they do next?” Rodriguez said. He added that though the Chinese have not resorted to an “armed attack, they have definitely employed force on our personnel, fishermen and civilian boat crew.” At the same time, Rodriguez reiterated his appeal to the Department of National Defense and the military to not use civilian boats in resupplying soldiers stationed in Ayungin Shoal. “These are military missions that should be undertaken by military personnel. Let us stop exposing civilians to danger. Let us not try to avoid an ‘armed attack on a public vessel or aircraft’ by using civilians,” he said.

Fake news: Palace says ‘proclamation’ declaring December 22 as special half working day untrue

ALACAÑANG on Thursday denied it issued a pro c l a m at ion a l le g ed ly dec lar ing December 22, 2023 as a special half-working day nationwide. In a brief statement to reporters, Presidential Communications Office (PCO) Secretary Cheloy V. Garafil tagged the supposed issuance as “fake news.” “The Presidential Communications Office informs [the public] that the circulating ‘Proclamation No. 427’ declaring December 22, 2023, a Friday as a special [halfworking] day, is untrue,” the PCO said in Filipino in its Facebook page. “The said document is fake and has no official government verification. The public is reminded to be critical and only refer to official

government sources for correct information,” it added. This was reiterated by the Official Gazette, the official journal of the Republic of the Philippines in a separate Facebook post.

Viral posts

THE spurious version of Proclamation 427 circulated on Thursday morning, which was spread by some government officials and websites as well as by other news agencies. Among them was Presidential Assistant for Strategic Communication Ceasar Chavez, who reposted it in his social media page, which he later took down. “Apologies. I posted a content that was not first verified by me. For the confusion, the blame

should be on me. I take full responsibility for this,” Chavez said in his Facebook page. The fake proclamation was also reposted by the Facebook accounts of the local government units of Naga City, Philippine Information Agency Albay, Tanjay City as well as media firms such as GMA News.

National living treasures

BASED on records from the Official Gazette, the actual version of the Proclamation 427 is on the declaration of nine individuals as National Living Treasures or Manlilikha ng Bayan for 2023 dated December 21, 2023. The recognized artists for preserving the country’s cultural heritage include Adelita Romualdo Bagcal (master of Oral Traditions

from Banna, Ilocos Norte), Abina Tawide Coguit (embroiderer from La Paz, Agusan del Sur), Sakinurain Mugong Delasas (Sama master of traditional dance from Bongao, Tawi-Tawi) and Bundos Bansil Fara (T’boli brasscaster from Lake Sebu, South Cotabato). A lso given the recognition were Marife Ravidas Ganahon (Higaonon mat weaver from Malaybalay, Bukidnon), Amparo Balansi Mabanag (Ga’dang embroider from Paracelis, Mountain Province), Samporonia Pagsac Madanlo (a Mandaya ikat weaver from Caraga, Davao Oriental), Barbara Kibed Ofong (T’boli ikat weaver from Lake Sebu, South Cotabato) and Rosie Godwino Sula. (T’boli chanter from Lake Sebu, South Cotabato). Samuel P. Medenilla

Brawner, Yoshida discuss Manila, Tokyo defense cooperation, other regional issues

IGHLIGHTING the strong ties between Manila and Tokyo, Armed of the Philippines (AFP) chief Gen. Romeo Brawner Jr. had a video teleconferencing meeting with his Japanese counterpart on regional matters Thursday.

In a statement, Brawner met with Japan Self-Defense Force chief-of-staff Gen. Yoshida Yoshihide, and discussed pressing regional security matters and developments in the PhilippineJapan defense partnership. “ T he t wo celebrated t he

transfer of the air surveillance radar system and expressed support for the immediate finalization of the reciprocal access agreement to a llow more interoperable cooperation between the two maritime nations,” the AFP said.

The two officials also stressed the importance of building an alliance to counter aggression, such as the incidents in the West Philippine Sea on December 10. They also lauded the recent conclusion of the Multilateral Staff Talks with Australia and the

United States in Tokyo. “Gen. Yoshida also conveyed Japan’s support to the 2016 Arbitral Ruling and expressed their strong opposition to actions that alter the status quo,” the AFP emphasized. T he meeting demonstrates

t h e A F P ’s c o m m i t m e n t t o strengthening its partnership with like-minded nations and drawing support for the advancement of a rules-based international order and a free and open Indo-Pacific Region. Rex Anthony Naval

Editor: Vittorio V. Vitug • www.businessmirror.com.ph

Friday, December 22, 2023

Poe says Senate to push Dept of Water amid El Niño jitters; SINAG chides Neda By Butch Fernandez @butchfBM

OTING growing public concerns over a looming shortage of water during the El Niño dry months, Senator Grace Poe said they will hold the Metropolitan Waterworks and Sewerage System (MWSS) to its word in its assurance of readiness to deal with the matter. Poe, chairperson of the Senate Committee on Public Services, conveyed the positive response, noting the government and private sector’s extensive preparation, and said the Senate, moving forward, is inclined to keep pushing for a Department of Water Resources. Relatedly, leading agricultural alliance Samahang Industriya ng

Agrikultura (SINAG) chided economic managers for glossing over the implications of the El Niño on food security. “Matagal na nating alam na may [We have long ago known there will be an] El Niño; most countries have prepared for it by increasing local production and supporting local producers. “Here, it is the reverse. Local producers are penalized and importers are rewarded and pampered with four straight years of reduced tariffs on rice, pork, corn and chicken,” said SINAG, referring to the recent executive order further extending to the end of 2024 the lower tariff rates on the four key food items. “It is only those in the National Economic and Development authority (Neda) who still believe in the sup-

posed benefits from unlimited imports and benevolence of importers,” added SINAG in Filipino. Poe, for her part, acknowledged the MWSS assurance, “that it has prepared extensively for El Niño.” This, she added,” is welcome news to consumers who have to grapple with water shortage yearly when rains fall short.” “It’s important to ensure water always flows freely to every home. I hope our people won’t have to line up for it when El Nino hits,” Poe added, partly in Filipino. On the part of her fellow lawmakers, the senators gave assurances they “will continue to work for the passage of our bill creating a Department of Water Resources to lead and consolidate a whole-of-society efforts for the

DTI soft launches trade remedy e-filing system By Andrea E. San Juan @andreasanjuan

HE Department of Trade and Industry (DTI), through its Bureau of Import Service (BIS), announced the soft launch of an electronic filing system, which is expected to ease the application and management of trade remedy petitions in the country. “The soft launching of TREFS (Trade Remedy Electronic Filing System) is a prime example of the DTI’s innovative approach to easing our ways of doing business in the trade industry,” said Department of Trade and Industry (DTI) Secretary Alfredo E. Pascual said. Pascual also noted that this system would help in addressing the challenges faced by domestic producers in the country in “navigating the complexities of filing trade remedy petitions.”

“TREFS enables 24/7 access, ensuring the convenience of the stakeholders and clients to submit essential documents at their own pace,” DTI said in a statement on Thursday. By utilizing the system, the Trade department said domestic producers would experience a “streamlined” submission process, providing step-by-step guidance on the filing of trade remedy petitions and extensions. In addition, timely notifications, such as instant alerts from the system will ensure prompt feedback for clients and stakeholders, said DTI. Moreover, DTI noted that the system’s robust architecture is designed to uphold validation protocols enforced by the Import Remedy Measures Division of the DTI-BIS. This means that submissions are “meticulously“ examined, assuring compliance with the requirements outlined in the trade remedy laws.

According to the DTI-BIS, TREFS is equipped with security and data protection measures, assuring stakeholders that their sensitive information is safeguarded with the “utmost confidentiality.” The import service arm of DTI also noted that this system serves as an “alternative and faster” way to apply and submit petitions for trade remedy measures, resulting in consistency of handling information through a centralized filing system. “This will also enable the investigating team to collaborate on a better phase with easily accessible and organized shared files online,” DTI-BIS said. For her part, DTI-BIS Director Maria Guiza Lim said, “TREFS was envisioned to introduce alternative procedure for filing petitions, responses, and other submissions related to trade remedy measures, by providing a more efficient and accessible avenue for these

comprehensive and integrated development and management of water resources,” according to Poe. “We need this new body amid the rising demand for water with the population growth and increasing commercial activities,” added Poe, affirming that “the preparations of our water regulator and concessionaires during the dry months should be complemented by proper policies in place to spare our people from the brunt of the perennial water crisis.” Noting the projected impacts of El Nino and the reported dry spell already felt in two provinces, SINAG’s Jayson Cainglet pointed out, “Extreme weather situations (El Niño, La Niña, stronger typhons, droughts) and global pandemics (Covid, ASF, avian flu, walking pneumonias) are the new normal” that have “prodded countries to be food self-reliant.” Even Singapore, “the poster boy of food imports,” has been “pursuing a food selfreliant economic system. We have been left behind by Indonesia, Thailand, Malaysia and Vietnam,” stressed Cainglet.

measures.” According to DTI Undersecretary Allan B. Gepty, “TREFS is not just a system; it is a manifestation of our commitment to efficiency and unwavering dedication to empowering our domestic producers and improving the delivery of service to our stakeholders.” DTI said this web-based application offers a centralized hub for all trade remedy petition submissions. “Its intuitive inter face and userfriendly design are designed to cater to the diverse needs of our Philippine industrial producers, stakeholders and clients,” the agency noted. As part of the DTI’s goal to ensure the safety and convenience of doing business in the Philippines, Pascual said, “TREFS is a testament to our goal of leading a science, technology, and innovation (STI)-driven programs and services. Through a whole-of-government approach, the DTI remains committed to our goal of ensuring the country’s accessible and conducive business environment for all.”

4Ps beneficiaries urged to join lifeline rate subsidy program

VAILING of the Lifeline Rate Subsidy Program will help beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) save more money from their monthly grants, Department of Social Welfare and Development (DSWD) Field Office 7 (Central Visayas) Regional Director Shalaine Marie Lucero said on Thursday. She encouraged the 4Ps beneficiaries to avail of the subsidized rates for electric bills during the first Lifeline Rate Caravan held in the Central Visayas region on December 9 as part of the series of caravans to be rolled out in different provinces from December to January 2024. “We are calling 4Ps beneficiaries, especially those who have electric connections, to avail of this Lifeline Rate subsidy as it will help them save some money from their monthly expenses,” Lucero pointed out. The subsidized rates are given to lowincome electric consumers, such as the beneficiaries of 4Ps using electricity below the distribution utilities’ pegged number of kilowatt-hours per month, and those that consume a little over the threshold can avail of the discount. During the first Lifeline Rate Caravan in the region, Lucero reported that some 829 4Ps beneficiaries from Toledo City and Carcar City in Cebu successfully applied for the program.

Director Lucero also advised 4Ps beneficiaries to visit distribution utilities or electric cooperatives in their area to apply for the subsidy program. To avail of the program, the 4Ps beneficiaries should present their 4Ps ID or other valid government-issued IDs with the signature and address of the electric consumer, the accomplished application form, and the most recent electricity bill. The Central Visayas caravan was conducted through the partnerships of the DSWD, the Department of Energy (DOE), the Energy Regulation Commission (ERC), Cebu Electric Cooperative Inc. (CEBECO) I and III, and the local government units (LGU) of Toledo and Carcar. Other lifeline rate caravans in different provinces are set to roll out to provide platforms for 4Ps beneficiaries to avail of the subsidized electric bills, as part of the preparation for the nationwide implementation of the subsidy program. The full implementation of the lifeline rate program in the entire country will be rolled out in January 2024. The subsidy program is provided for under Republic Act 11552, or an Act Extending and Enhancing the Implementation of the Lifeline Rate, amending for the purpose Section 73 of RA 9136 or the Electric Power Industry Reform Act.

House bill pushes creation of 2nd intl airport in Cebu

IMING to generate employment opportunities, boost tourism, attract foreign investments, and integrate local businesses into the global market, a House deputy speaker filed a bill establishing another international airport in Cebu. Deputy Speaker Vincent Franco “Duke” D. Frasco filed House Bill No. 9665, outlining plans for the establishment of the Sogod Cebu International Airport. Recognizing the pivotal role of the air transport sector in fostering economic growth, Frasco said his proposal aims to enhance Cebu’s connectivity and economic prospects with the proposed international airport. Frasco’s HB 9665 seeks to establish an international airport in the municipality of Sogod, Cebu, with a vision of creating more jobs for his

constituents, enhancing the tourism industry, attracting more foreign investors, opening local businesses to the global market, and generating income and tax revenues, among others. The proposed Sogod Cebu International Airport will be the second international airport in the province of Cebu. Its establishment will help decongest the air traffic at the existing MactanCebu International Airport, which is considered to be the second busiest airport in the country. It will also serve as the main gateway in the northern part of the Central Visayas Region, bringing more access and connectivity across cities and other countries. Under the provisions of HB No. 9665, the Department of Transportation will oversee the construction of the new international airport. Equipped w ith modern facilities and sophisticated management systems, the airport aims to facilitate both domestic and international air transport. With the administration’s prioritization of government spending on infrastructure, Frasco is optimistic about the positive impact of the proposed Sogod Cebu International Airport and how it will contribute significantly to the economic development of the Province of Cebu and the entire country. Jovee Marie N. Dela Cruz

News

BusinessMirror

www.businessmirror.com.ph | Editor: Vittorio V. Vitug

Friday, December 22, 2023

Retired general Valeroso recants testimony against former senator De Lima

R ETIR ED police genera l rec a nted his testimony in the remaining drug charge against former senator Leila de Lima. InalettertoMuntinlupaRegional Trial Court Branch 206 Judge Gener Gito dated December 18 and made public Thursday, Jerry Valeroso, a retired police brigadier general, said he had been bothered by his conscience and had intended to recant his testimony as early as five years ago. Valeroso had testified that he did an undercover investigation

on the illegal drug trade inside the New Bilibid Prison. He had also testified that witness Sgt. Nonilo Arile was his informant and that in the course of his investigation, he met inmate Sam Li Chua who showed him cash amounting to P65 million which was allegedly for de Lima. He also claimed that he saw de Lima watching the concert of crime lord Herbert Collango. In recanting his testimony, Valeroso said he wants to “to set free all accused who were wrongfully charged in this court” and “to disclose the real truthfulness that

the criminal complaints against accused are pure hearsay and full of lies.” “Because I was disturbed by my conscience, I planned to recant in early 2019. However, due to fearing for my life and the safety of my family and loved one[s], I lost the guts to do so,” he said. De Lima has been granted bail by the Muntinlupa court, which is trying the last of three drug charges against her. The charges alleged that she received regular hush money from jailed drug lords while she was still Justice secretary. PNA

PHL will remain ‘undeterred’ amid WPS issue, PBBM says By Patrick V. Miguel

HE Philippines will remain “undeterred ” amid the lingering West Philippine Sea (WPS) territorial row with China, President Ferdinand R. Marcos Jr. said on Thursday. In a speech during the 88th anniversary of the Armed Forces of the Philippines (AFP), Marcos also lauded the troops for their “res pon sible a nd d ig n i f ied behavior” in resolving issues despite severa l attempts at provocation. Citing the recent water cannon attack against one of the supply boats where military chief Gen. Romeo Brawner Jr. was onboard, Marcos told the troops to “assert our rights” in accordance with the Philippine Constitution and international law. “We shall continue to assert our rights in accordance with the Philippine Constitution and

international law. The recent incidents involving no less than our AFP Chief of Staff is worrisome,” said Marcos. He added: “Yes, but it is a proud demonstration of Filipino courage against coercion and our firm resolve to protect, preserve, and uphold our territorial integrity. I know that our soldiers and our troops espouse the same values and principles and they remain undeterred by actions that stir tension.” According to the President, the AFP is tasked with upholding national security, and they must continue to improve “operational readiness” to respond to threats. Marcos also urged the AFP to enhance existing alliances with foreign counterparts, and to initiate new partnerships based on “common goals.”

House reaffirms vow for military funding

SPEAKER Ferdinand Martin G.

Romualdez on Thursday reasserted the House’s to providing funds for President Ferdinand R. Marcos Jr.’s initiatives to strengthen the capabilities of the AFP, especially in safeguarding the country’s interests in the WPS. Romualdez was among the of f ic i a ls accompa ny ing t he President during the celebration of the 88th Anniversary of the AFP at its headquarters in Camp Emilio Aguinaldo, Quezon City. “Ourmenandwomeninuniform are the steadfast guardians of our nation’s security. We owe them our deepest gratitude and firm support,” said Romualdez, leader of the 300-plus member House of Representatives. “ T he Hou se a l ig ns w it h President Ferdinand R. Marcos Jr.’s vision of a modern and well-equipped AFP, capable of effectively asserting our territorial sovereignty and maritime rights,” he added.

Alsons Power, PHL Eagle Foundation widen wildlife conservation program in Palimbang

HE Alsons Power Group, in partnership with the Philippine Eagle Foundation (PEF), continues to demonstrate its commitment to environmental conservation by recently conducting a Community Education and Public Awareness (CEPA) campaign at Palimbang National High School in Barangay Poblacion, Palimbang, Sultan Kudarat. Palimbang Municipal Mayor Joenime Kapina highlighted the importance of the environmental information, education, and communication program in his town as a crucial step towards achieving the local government’s goal of conserving their wildlife species and natural ecosystem. “We owe this to the future. So, I welcome this partnership…we must take action now, or else we will entirely lose wildlife species and natural ecosystems,” stated Mayor Kapina during a courtesy meeting with the CEPA team, which includes personnel from Alsons Power Group and its partner, the Philippine Eagle Foundation (PEF). The CEPA campaign, engaging around 250 community members including students, teachers, parents, government officials, and community leaders, focused on educating participants about their critical role in preserving local biodiversity. “This partnership is very much supportive of my vision and direction in transforming the image of Palimbang,” Mayor Kapina said.

PHILIPPINE Eagle Foundation’s (PEF) mascot “Malaya” with the students of Palimbang National High School during the Community Education and Public Awareness (CEPA) campaign jointly conducted by the PEF and Alsons Power Group in Palimbang, Sultan Kudarat. Joining them was Alsons Power Group’s VP for Corporate Affairs, Mr. Ruben G. Tungpalan (extreme left).

He added that environmental protection serves as the cornerstone in leading their town’s pivot to sustainable development. Alsons Power, through its Sarangani Energy Corporation and Siguil Hydro Corporation units, has committed to a threeyear memorandum of agreement (MOA) with PEF. This agreement entails providing resources for the public awareness program and supporting the tracking and protection of the Philippine Eagle “Sarangani” (locally known as Salagbanog), which has recently been sighted in Palimbang and nearby areas in Sultan Kudarat. The Mt. Busa Key Biodiversity Area in Mindanao, a crucial habitat for a Philippine Eagle subpopulation, is home to Alsons

Power facilities. The first is the Sarangani Energy baseload thermal power plant, which has a capacity of 210 megawatts (MW) and has been in operation since 2016. The second facility is the Siguil Hydro run-of-river hydroelectric power plant, which is currently under construction and will have a capacity of 14.5 MW. “Alsons Power remains committed to becoming an active partner in protecting and enhancing the environment and addressing the socioeconomic welfare of our communities,” Mr. Ruben G. Tungpalan, VP for Alsons Power Group’s Corporate Affairs said. He also emphasized that the Philippine eagle among other wildlife species serves as an important bio-indicator.

BusinessMirror

Friday, December 22, 2023

ESTABLISHMENT / ADDRESS

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

QUALIFICATION AND SALARY RANGE

7 PRIME TECH, INC. 10/f Ewestpod, Eton Westend Square, Yakal St. Cor. Don Chino Roces Ave., San Antonio, City Of Makati ALFI WIJAYA Indonesian Speaking Customer Service Officer 1.

Brief Job Description: Manage large number of calls, and handle customer concerns. REGINA MARTA AGUSTARA Indonesian Speaking Customer Service Officer

Brief Job Description: Manage large number of calls, and handle customer concerns. RIO SAPUTRA Indonesian Speaking Customer Service Officer

Brief Job Description: Manage large number of calls, and handle customer concerns. SAZLI AMRI Indonesian Speaking Customer Service Officer

Brief Job Description: Manage large number of calls, and handle customer concerns. WULANDARI MAHARANI Indonesian Speaking Customer Service Officer

Brief Job Description: Manage large number of calls, and handle customer concerns.

No.

11.

Basic Qualification: Excellent in reading, writing and speaking in foreign language.

CHEN, HAO Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

12.

Salary Range: Php 30,000 - Php 59,999

CHIT PHOO NGONE Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

Salary Range: Php 30,000 - Php 59,999 13.

DAM LIEM Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

ACCENTURE, INC. 7f Robinsons Cybergate Tower 1, Pioneer St., Barangka Ilaya, City Of Mandaluyong

CHOI, JI YONG App/Cloud Support Analyst

Brief Job Description: Communicate with the client functional design in charge about the details of requirement definition and function design, explain development status and issue with team leads of the client, understand the clients’ original develop/runtime architecture, and develop standards (including deliverable flow, template, description level), perform knowledge transfer about business requirement/functional design written in required language to team lead and members.

14.

HOANG, THI OANH Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

GBOKO, AFFOUA ALICE DEBORA SW/App/Cloud Tech Support Analyst

Brief Job Description: The position will require candidates to take calls using any of the 6 languages to support our clients with their IT-related incidents and requests. Some of the roles and responsibilities for the role include performing initial triage for issues raised by customers, tracking, and updating incidents, attempting first-time fix resolution for known issues, identifying target resolver group and route tickets, doing remote troubleshooting, installing/uninstall applications for incidents raised by customers.

Salary Range: Php 30,000 - Php 59,999 AISOU CONSULTING SERVICES LTD. INC. Unit 601 Philflex Bay Center, Coral Way Drive St. Moa Complex, Cbp1-a Subd., Barangay 76, Pasay City NGUYEN VAN HAU Vietnamese Strategy Consultant

Brief Job Description: Strategy consultants help businesses remain competitive by analyzing business practices and devising strategies for improvement. They help define company markets, identify industry trends, and create strategies for improving performance and revenue.

15.

KHIN NU NU Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

16.

KONG FOO KIONG Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

17.

LEE CHUN GUANG Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

NI, XINLEI Business Development Manager 10.

Brief Job Description: Explore and identify key partners for Alibaba Cloud International Business and establish professional relationships with key personnel in partner accounts. Work with partners to develop a sound Philippine GTM plan, build a pipeline and execute sales.

Salary Range: Php 150,000 - Php 499,999

QUALIFICATION AND SALARY RANGE

PHAN, TRA MY Customer Service Representative (Chinese Speaking)

Basic Qualification: Any nationality who can speak and write Chinese language fluently, preferably 6 months to 1-year customer service experience, detailoriented and has the ability to multi-task.

23.

18.

Brief Job Description: Provide customer service to clients.

24.

25.

26.

Brief Job Description: Provide customer service to clients.

SU, JINGHUANG Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

Basic Qualification: Any nationality who can speak and write Chinese language fluently, preferably 6 months to 1-year customer service experience, detailoriented and has the ability to multi-task.

TAN, HANHAN Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

Basic Qualification: Any nationality who can speak and write Chinese language fluently, preferably 6 months to 1-year customer service experience, detailoriented and has the ability to multi-task.

THAM JUN HUI Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

Basic Qualification: Any nationality who can speak and write Chinese language fluently, preferably 6 months to 1-year customer service experience, detailoriented and has the ability to multi-task. Salary Range: Php 30,000 - Php 59,999

TRUONG QUI AN Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

Basic Qualification: Any nationality who can speak and write Chinese language fluently, preferably 6 months to 1-year customer service experience, detailoriented and has the ability to multi-task.

VONG, LAY CHANH Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

29.

19.

SHAUNG CHIN CHWIN Customer Service Representative (Chinese Speaking)

Basic Qualification: Any nationality who can speak and write Chinese language fluently, preferably 6 months to 1-year customer service experience, detailoriented and has the ability to multi-task.

Salary Range: Php 30,000 - Php 59,999

ON THI NGOC THUY Customer Service Representative (Chinese Speaking)

Brief Job Description: Provide customer service to clients.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Any nationality who can speak and write Chinese language fluently, preferably 6 months to 1-year customer service experience, detailoriented and has the ability to multi-task.

PHYO THET PAING HEIN Customer Service Representative (Chinese Speaking)

Basic Qualification: Any nationality who can speak and write Chinese language fluently, preferably 6 months to 1-year customer service experience, detailoriented and has the ability to multi-task.

Salary Range: Php 30,000 - Php 59,999

28.

NGUYEN THI THUY Customer Service Representative (Chinese Speaking)

Brief Job Description: Provide customer service to clients.

Salary Range: Php 30,000 - Php 59,999

ALIBABA CLOUD INTELLIGENCE PHILIPPINES, INC. Unit 2918, 29th Floor, World Plaza, 5th Avenue, Bonifacio Global City, Fort Bonifacio, City Of Taguig Basic Qualification: Holder of a Bachelor’s Degree in Engineering. With knowledge and experience in Sales in an international market. With superior business sense, problem solving, project management and analytical skills.

22.

27.

Basic Qualification: Detailed knowledge of industry trends and market behavior. Excellent project management skills. Excellent interpersonal and communication skills. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Any nationality who can speak and write Chinese language fluently, preferably 6 months to 1-year customer service experience, detailoriented and has the ability to multi-task.

Salary Range: Php 30,000 - Php 59,999

AISOU CONSULTING SERVICES LTD. INC. Unit 601 Philflex Bay Center, Coral Way Drive St. Moa Complex, Cbp1-a Subd., Barangay 76, Pasay City TRAN, THI NGAN Vietnamese Strategy Consultant

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Salary Range: Php 30,000 - Php 59,999

21.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Graduate of any 4-year course, preferably engineering-related. Strong working knowledge of the service desk function. Good knowledge level of multiple technologies. Excellent communications skills both written and verbal. Willing and able to work effectively in a diverse and multicultural environment. Willing and able to work on a shifting schedule.

Basic Qualification: Any nationality who can speak and write Chinese language fluently, preferably 6 months to 1-year customer service experience, detailoriented and has the ability to multi-task.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Bachelor’s degree in Information Technology, Computer Science, or other relevant fields, must be able to communicate effectively, verbally and in writing, in both English and required language, experienced in any of the following: o java (java ee, java se, spring, nodejs) o JavaScript o sap o .Net o Cobol o angular, knowledgeable in back-end programming language/framework, and willing to work on holidays, weekends, shifting schedules and extended working hours.

No.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Excellent in reading, writing and speaking in foreign language.

QUALIFICATION AND SALARY RANGE

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Excellent in reading, writing and speaking in foreign language.

ESTABLISHMENT / ADDRESS

ALTERA KARNA BUSINESS CORP. 5th, 6th, 7th Flrs. Eighty-one Newport Blvd., Newport City St., Barangay 183, Pasay City

Basic Qualification: Excellent in reading, writing and speaking in foreign language. Salary Range: Php 30,000 - Php 59,999

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

www.businessmirror.com.ph

XIONG, JIANGCHUAN Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

AM-PRO IMPORTS MARKETING CORP. 16e Residenza Suites, 429 Shaw Blvd., Addition Hills, City Of Mandaluyong

Salary Range: Php 30,000 - Php 59,999

20.

PHAN TRUONG SINH Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients.

EDI SUHARTO Chinese Marketing Specialist 30.

Brief Job Description: Chinese Marketing Specialists develop and execute effective marketing strategies to promote products or services.

Basic Qualification: Ability to work under pressure and motivation to succeed in a competitive environment. Good communication and interpersonal skills. Able to speak and communicate using Mandarin language is an advantage. Must be an aggressive salesperson. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

HUANG, ZONGGEN Chinese Marketing Specialist 31.

Brief Job Description: Chinese Marketing Specialists develop and execute effective marketing strategies to promote products or services.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Ability to work under pressure and motivation to succeed in a competitive environment. Good communication and interpersonal skills. Able to speak and communicate using Mandarin language is an advantage.

No.

44.

Brief Job Description: Review legitimacy and accuracy of submitted documents by sellers. Evaluate and assess personal and business information from sellers.

Salary Range: Php 30,000 - Php 59,999

CHEN, PEIGEN Supply Chain Manager 32.

HUANG, AIYU Supply Chain Manager 33.

LI, JIN Supply Chain Manager 34.

SHI, HUANGXIN Supply Chain Manager

35.

Brief Job Description: Supply Chain Managers are responsible for overseeing and managing company’s overall supply chain and logistics strategy and operations in order to maximize the process efficiency and productivity. In addition, they play a crucial role in developing and maintaining good relationships with vendors and distributors. SHI, YULIN Supply Chain Manager

36.

37.

MAT ARIPIN Warehouse Logistics Manager 38.

Brief Job Description: Responsible for ensuring that the supply chain is efficient and effective throughout their organization.

WANG, HONGLIN Warehouse Logistics Manager 39.

Brief Job Description: Responsible for ensuring that the supply chain is efficient and effective throughout their organization.

XIE, KAIPENG Warehouse Logistics Manager 40.

Brief Job Description: Responsible for ensuring that the supply chain is efficient and effective throughout their organization.

Basic Qualification: Strong organizational and management skills including problemsolving. Representational skills. Excellent verbal and written skills. Selfmotivated and creative.

45.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong organizational and management skills including problemsolving. Representational skills. Excellent verbal and written skills. Selfmotivated and creative.

46.

Basic Qualification: Strong organizational and management skills including problemsolving. Representational skills. Excellent verbal and written skills. Selfmotivated and creative.

47.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong understanding of warehouse operations and procedures. Excellent organizational and timemanagement skills.

48.

41.

Brief Job Description: Acts as primary interface between Amazon and thirdparty business partners (Sellers) by phone and email with objectives of coaching and helping them with account health related topics. CHEN, GUIQING Invest SPC - RCO [CHI]

42.

Brief Job Description: Review the legitimacy and accuracy of submitted documents by sellers and respond to the case if needed. Evaluate personal and business information from sellers and verify the information with reliable internal and external sources. Work efficiently on portals and tools provided by Amazon on this role. Maintain high ethics and integrity with respect to critical data.

LIU, SHIMENG Invest SPC - RCO [CHI] 43.

Brief Job Description: Review legitimacy and accuracy of submitted documents by sellers. Evaluate and assess personal and business information from sellers.

Basic Qualification: Business proficient. Fluent in Chinese-Mandarin and English languages. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in Vietnamese, Mandarin, and English languages. Excellent interpersonal skills, with the ability to communicate complex transactional issues.

49.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Vietnamese, Mandarin & English language. Excellent interpersonal skills, with the ability to communicate complex transactional issues.

Brief Job Description: Execute assigned business projects according to clients’ requirements.

No.

PENG, CHIN-YU Mandarin Language -Support Officer 56.

CHAN, PEI-LING Mandarin Speaking Customer Service Representative 57.

58.

59.

60.

TRAN THI HONG VINH Graphic Artist 50.

Brief Job Description: Creates various layouts, iconography, package designs, website designs, logos and illustrations according to client specifications. Meet with clients to discuss requirements and the design of the project.

Basic Qualification: Bachelor’s degree in graphic artist or related field. Compelling portfolio of work over a wide range of creative projects.

CHAU, CHI NGUYEN Vietnamese Speaking Customer Service Representative Brief Job Description: Manage incoming and outgoing calls, chats, and emails. TRAN MY LIEN Vietnamese Speaking Customer Service Representative Brief Job Description: Manage incoming and outgoing calls, chats, and emails. TRAN, NGUYEN NHAT TIEN Vietnamese Speaking Customer Service Representative Brief Job Description: Manage incoming and outgoing calls, chats, and emails.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

SUGAMA, NORIKAZU General Manager 62.

Brief Job Description: Identify new business opportunities for the team to explore and to grow towards achieving revenue targets. Build, foster and maintain relationships with the clients and local agents.

51.

Brief Job Description: Conducting market research to establish customer trends and habits. WANG, QUAN Marketing Specialist

52.

Brief Job Description: Conducting market research to establish customer trends and habits.

GUO, JIAZHENG Marketing And Sales Agent 63.

Brief Job Description: Researches and develops various marketing strategies for products and services and implements marketing plans and works to meet sales quotas.

XIE, LIMING Marketing Specialist Brief Job Description: Conducting market research to establish customer trends and habits.

XIONG, YIBING Marketing And Sales Agent 64.

Salary Range: Php 30,000 - Php 59,999

54.

Brief Job Description: Oversee the relationships of the company with Chinese clients and responsible for obtaining and maintaining long term key customers by comprehending their requirements.

Basic Qualification: Can develop strong positive relationships with executive and management contacts and able to speak and communicate using Mandarin language. Salary Range: Php 30,000 - Php 59,999

65.

N’CHO EPSE MIAN, CHIAYE MURIEL LAETITIA ALICE French Service Desk Specialist 55.

Brief Job Description: Responsible for maintaining a high degree of office administrative and customer support.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading, and writing in Vietnamese language. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: With Bachelor’s Degree in Computer Science or any related course with a minimum of 1 year IT experience and able to speak and write in Mandarin language.

Basic Qualification: Holder of a Bachelor’s Degree in Business Administration. With at least 5 years of managerial experience in Sales and Office Management. Salary Range: Php 150,000 - Php 499,999

Basic Qualification: Can contribute information, ideas, and research to help develop marketing strategies and can help to detail, design, and implement marketing plans for each product or service being offered.

Brief Job Description: Researches and develops various marketing strategies for products and services and implements marketing plans and works to meet sales quotas.

GIGA INFORMATION TECHNOLOGY AND SOFTWARE DEVELOPMENT INC. 31/f Pbcom Tower 6795 Ayala Ave., Cor. V.a. Rufino St., Bel-air, City Of Makati

66.

67.

68.

69.

Salary Range: Php 30,000 - Php 59,999 70. CORE-X DESIGN INC. 3/f Iacademy Plaza, 324 Sen. Gil Puyat Ave., Bel-air, City Of Makati

Basic Qualification: Proficient in speaking, reading, and writing in Vietnamese language.

Salary Range: Php 30,000 - Php 59,999

COLLABERA TECHNOLOGIES PRIVATE LIMITED, INC. U-40 A-d, 40/f Rufino Pacific Tower, 6784 Ayala Ave., San Lorenzo, City Of Makati Basic Qualification: Must be fluent in English and can speak French language. Must have at least college degree or above. Must have at least 1-2 years of work experience in the same field as French desk specialist in a BPO industry with French clients.

Brief Job Description: Researches and develops various marketing strategies for products and services and implements marketing plans and works to meet sales quotas.

XU, ZHONGBIN Marketing And Sales Agent

C’EST LA VIE EVENT MANAGEMENT INC. 230, Narra Street, Marikina Heights, City Of Marikina

XU, QINZHI Key Accounts Specialist Consultant

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Fluent in Mandarin language, both verbal and written.

Basic Qualification: Proficient in speaking, reading, and writing in Vietnamese language.

Salary Range: Php 30,000 - Php 59,999

EASTERN GOLD CORPORATION 503, Nueva St., Barangay 289, Binondo, City Of Manila

BLUE-CHIP CENTRAL INC. 8/f Tower 6789, 6789 Ayala Ave., Bel-air, City Of Makati VONG, CONG MOI Marketing Specialist

Basic Qualification: Proficient in speaking, reading and writing in Mandarin language.

DISCO HI-TEC PHILIPPINES, INC. Unit 3b Unioil Center Bldg., Commerce Ave., Cor. Acacia Ave., Mbp. Ayala, Alabang, City Of Muntinlupa

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Fluent in Mandarin language, both verbal and written.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in speaking, reading and writing in Mandarin language. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Identify and assess customers need to achieve satisfaction.

LAN, QIANG Mandarin Customer Support Representative 61.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Degree holder, must fluently speak and write Mandarin language and can work under pressure.

DIGISPARK TECH CORP. Unit 3 16th Floor Ore Central Building, 31st Street Corner 9th Avenue, Bonifacio Global City Fort, Fort Bonifacio, City Of Taguig

Salary Range: Php 90,000 - Php 149,999

Basic Qualification: College graduate. With previous experience as a technical assistant in a cable operations company. Fluent in ChineseMandarin language.

Brief Job Description: Assist in the planning & administration of the organization’s daily operation. Providing information, assistance & support to customers. Assist with the preparation of reports. Escalating complex issues to management.

QUALIFICATION AND SALARY RANGE

DIGICHROM INC. Unit 2001-a, 2602 & 2603 20/f & 26/f Pbcom Tower, 6795 Ayala Ave. Cor. V.a. Rufino St., Bel-air, City Of Makati

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Romanian and English languages. Previous Human Resources experience in the Exits process. Experience in processing and reporting high volumes of contract changes.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ART PRO GAMES INC. No. 41 Estuar Bldg., Timog Ave., South Triangle, Quezon City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: English Major graduate. With previous relevant work experience in a similar field. Fluent in English and ChineseMandarin languages. With intermediate skills in Microsoft Office Applications such as Excel, Word and Outlook.

Brief Job Description: Overall supervision of the installation and maintenance of cable television systems of the Company’s clients. Supervise the area survey, mapping and design of prospective clients and determine viability of the availment by clients of the company’s products and services.

CHANG, CHIA-KE Mandarin Speaking Financial Consultant

53.

LI, WENQING AHS Specialist [CHI]

Basic Qualification: Proficient in Vietnamese, Mandarin, and English languages. Excellent interpersonal skills, with the ability to communicate complex transactional issues.

ANDES CONSULTING ADVISORY INC. 4/f Tower 2 The Enterprise Center, 6766 Ayala Ave., Cor. Paseo De Roxas, San Lorenzo, City Of Makati

Salary Range: Php 30,000 - Php 59,999

AMAZON OPERATION SERVICES PHILIPPINES, INC. B21 Three E-com Moa Complex, Harbour Drive Cor. Bay Shore, Brgy. 076, Pasay City 4/f Unit 2c, One E-com Center Building Ocean Drive, Mall Of Asia Complex St., Barangay 76, Pasay City

Brief Job Description: Point of contact to provide support on offboarding processes of Romanian employees. Track and report changes of employee contracts to Romanian authorities. Assists employees by explaining benefits. In charge of auditing peer transactions and coaching associates on existing Romanian processes.

WANG, PENGCHENG Lead Technical Officer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong understanding of warehouse operations and procedures. Excellent organizational and timemanagement skills.

Basic Qualification: Tourism Management graduate. With previous relevant work experience in a similar field. Fluent in English and ChineseMandarin languages. With intermediate skills in Microsoft Office Applications such as Excel, Word and Outlook.

AMITY SATELLITE SYSTEMS INCORPORATED 2300, Leon Guinto St., Barangay 726, Malate, City Of Manila

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong understanding of warehouse operations and procedures. Excellent organizational and timemanagement skills.

Brief Job Description: Review the legitimacy and accuracy of submitted documents by sellers and respond to the case if needed. Evaluate personal and business information from Sellers and verify the information with reliable internal and external sources. Work efficiently on portals and tools provided by Amazon in this role. Maintain high ethics and integrity with respect to critical data. RAILEANU, MIHAI-ANDREI Process Lead, Exits

Brief Job Description: Review the legitimacy and accuracy of submitted documents by sellers and respond to the case if needed. Evaluate personal and business information from sellers and verify the information with reliable internal and external sources. Work efficiently on portals and tools provided by Amazon in this role. Maintain high ethics and integrity with respect to critical data. LI, XIUKANG Invest SPC – RCO [CHI]

Salary Range: Php 30,000 - Php 59,999

QUALIFICATION AND SALARY RANGE

Salary Range: Php 30,000 - Php 59,999 HO THI THANH HON Invest SPC - RCO [VNM]

ESTABLISHMENT / ADDRESS

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ZHANG, YUANYUAN Invest SPC - RCO [CHI]

Friday, December 22, 2023

ALEX CHANDRA Indonesian Account Specialist Brief Job Description: Accounting hardware and software installations.

WEMPY CAHYADI Indonesian Account Specialist Brief Job Description: Accounting hardware and software installations.

ARI SADEWA Indonesian IT Support Specialist Brief Job Description: Maintaining hardware and software installations.

ASEP MAULANA Indonesian IT Support Specialist Brief Job Description: Maintaining hardware and software installations.

ERICK SUGAWA Indonesian IT Support Specialist Brief Job Description: Maintaining hardware and software installations.

Basic Qualification: Exceptional ability to provide technical support and resolve queries. Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Exceptional ability to provide technical support and resolve queries. Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Exceptional ability to provide technical support and resolve queries. Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Exceptional ability to provide technical support and resolve queries. Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Exceptional ability to provide technical support and resolve queries. Salary Range: Php 60,000 - Php 89,999

A6 A8

BusinessMirror

Friday, December 22, 2023

ESTABLISHMENT / ADDRESS No.

71.

72.

73.

74.

75.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION TAUFIQ RIZKI Indonesian IT Support Specialist Brief Job Description: Maintaining hardware and software installations.

CINDY MONIKA Indonesian Quality Control Brief Job Description: Controlling quality hardware and software.

DEWI SETIANI Indonesian Quality Control Brief Job Description: Controlling quality hardware and software.

NUR FADILAH Indonesian Quality Control Brief Job Description: Controlling quality hardware and software.

PUTRI DANIA Indonesian Quality Control Brief Job Description: Controlling quality hardware and software.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Exceptional ability to provide technical support and resolve queries.

76.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

JACKIE LANE Indonesian Customer Support Specialist 77.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

JACKSON Indonesian Customer Support Specialist 78.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

JACKY Indonesian Customer Support Specialist 79.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

JESEN Indonesian Customer Support Specialist 80.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

VIVIAN Indonesian Customer Support Specialist 81.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

CHOI, YUNMIN Korean Customer Support Specialist 82.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

SEO, SEONGHYO Korean Customer Support Specialist 83.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

FAN, CONG Mandarin Customer Support Representative 84.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

LI, XIAOLONG Mandarin Customer Support Representative 85.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

MAN, WENLONG Mandarin Customer Support Representative 86.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

SONG, HONGYAN Mandarin Customer Support Representative 87.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

TU, QIANG Mandarin Customer Support Representative 88.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

89.

Basic Qualification: Exceptional ability to provide technical support and resolve queries. Salary Range: Php 60,000 - Php 89,999

90.

91.

92.

Salary Range: Php 60,000 - Php 89,999 93.

94.

95.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Indonesian language and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Korean language and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Korean language and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Mandarin language and at least college level with related BPO experience.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

LIM, KYUNGEUN Airline Station Agent

96.

Brief Job Description: Attend to passengers’ queries, concerns and complaints if any and address the matter in accordance with the Company’s rules and regulations. Assist the Branch Manager or Station Manager on the day-to-day operations at the airport and to make sure that the ground operations run smoothly.

SHU, KANGZHOU Manager 97.

Brief Job Description: Accomplishes department objectives by managing staff, planning and evaluating department activities. Maintain staff by recruiting, selecting, orienting and training employees. Ensure a safe, secure and legal work environment.

Salary Range: Php 30,000 - Php 59,999

KITTELSON, GREGORY CRANE Director 98.

Basic Qualification: Able to speak and write in Mandarin language and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Able to speak and write in Mandarin language and at least college level with related BPO experience.

104.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Vietnamese language and at least college level with related BPO experience.

105.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Vietnamese language and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Vietnamese language and at least college level with related BPO experience.

106.

RAYHAN FAHRI RAMADHAN Indonesian Customer Service Representative 107.

Brief Job Description: Responsible for the day-to-day operation of the company.

CHEE BENG CHUAN Assistant Manager

99.

Brief Job Description: Planning and organizing production schedules, ensuring that health and safety regulations are met, determining quality control standards, overseeing production processes, re-negotiating timescales or schedules as necessary, selecting ordering and purchasing materials.

108.

109.

100.

Brief Job Description: Assists in managing paid advertisements campaign across multiple channels.

KOU, RUONAN Customer Service Representative 101.

Brief Job Description: Provide outstanding and exceptional customer service.

110.

LIM FONG LENG Customer Service Representative 102.

Brief Job Description: Provide outstanding and exceptional customer service.

111.

NGUYEN THANH TRUNG Customer Service Representative 103.

Brief Job Description: Provide outstanding and exceptional customer service.

112.

Brief Job Description: Process complaints and issues related to products or services. They help customers complete purchases, upgrades, returns and frequently provide advice and technical assistance. HAW ANN CHONG Customer Service Representative

113.

114.

115.

116.

117.

118.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Can speak Chinese language or fluent in Mandarin language.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

DINO NATALINO Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

MARKETROLE ASIA PACIFIC SERVICES, INC. 27/f & 28/f The Enterprise Center Tower 1, 6766 Ayala Ave. Cor. Paseo De Roxas, San Lorenzo, City Of Makati

Basic Qualification: Can speak Chinese language or fluent in Mandarin language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Can speak Chinese language or fluent in Mandarin language. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Graduate of 4 years’ bachelor degree with critical thinking and problem-solving skills. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College graduate. With excellent communication and people skills. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College Graduate, preferably 1 year experience in the similar field, and speaks and write fluently in their native language. Salary Range: Php 30,000 - Php 59,999

OCEAN MIGHT SUPPORT MANAGEMENT INC. 33/f Tower 6789, Ayala Ave., Bel-air, City Of Makati 32/f Tower 6789, Ayala Ave., Bel-air, City Of Makati

MACRO EXCEL CONSULTANCY INC. Unit 606 6/f Vicente Madrigal Bdg., 6793 Ayala Ave., Bel-air, City Of Makati

WANG, GUIHUA Chinese Speaking Marketing Consultant

Brief Job Description: Determining the scope of projects via consultation and investigation. Analyzing the strengths, weaknesses and risks of existing project plans, as well as recommending improvements.

NGUYEN THI HOA Vietnamese Customer Service

Basic Qualification: Bachelor’s degree in any field and fluent in English language.

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Salary Range: Php 30,000 - Php 59,999

NEW ORIENTAL CLUB88 CORPORATION 3rd, 5th, 6th, 7th, 8th, 9th & 10th/f Sapphire Seaview Park, Pacific Avenue, Don Galo, City Of Parañaque

Salary Range: Php 150,000 - Php 499,999

Salary Range: Php 90,000 - Php 149,999

Brief Job Description: Provide product/services, information, answer questions and resolve emerging problem.

GRAY, CHRISTOPHER ANTHONY Project Consultant

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Appointed by the Board of the Directors of the company.

Basic Qualification: Can speak Chinese language or fluent in Mandarin language.

NEW CHANGE TECHNICAL CONSULTANTS INC. 7/f Glorietta 4, Ayala Center, San Lorenzo, City Of Makati

Salary Range: Php 60,000 - Php 89,999

Basic Qualification: College graduate. With previous work experience in a similar field.

Brief Job Description: Provide outstanding and exceptional customer service.

QUALIFICATION AND SALARY RANGE

MPOTECH DIGITAL SYSTEM INC. 2/f 331 Bldg., Sen. Gil Puyat Ave., Bel-air, City Of Makati

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Holder of a Bachelor’s of Science in Hotel and Restaurant Management. With previous related work experience in the airline industry, especially in the Korean Airline industry. Fluent in Korean and English languages.

Brief Job Description: Provide outstanding and exceptional customer service. XU, SHUAI Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Vietnamese language and at least college level with related BPO experience.

Brief Job Description: Provide outstanding and exceptional customer service. WANG, HAOJIE Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Vietnamese language and at least college level with related BPO experience.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION REAGAN CHONG MENG KEAN Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

LEONG HUP (PHILIPPINES), INCORPORATED Penthouse 6 Landsdale Tower, #86 Mother Ignacia Ave., Paligsahan, Quezon City

Basic Qualification: Able to speak and write in Mandarin language and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Able to speak and write in Mandarin language and at least college level with related BPO experience.

No.

KMC MAG SOLUTIONS, INC. 20/f, Picadilly Star Building, 4th Avenue Corner 27th Street, Fort Bonifacio, City Of Taguig

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Mandarin language and at least college level with related BPO experience.

QUALIFICATION AND SALARY RANGE

KIWI GLOBAL CONSULTANCY CORP. Level 10-1 One Global Place, 5th Avenue Corner 25th St., Bonifacio Global City, Fort Bonifacio, City Of Taguig

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Mandarin language and at least college level with related BPO experience.

ESTABLISHMENT / ADDRESS

JEJUAIR CO. LTD. 704 Pablo Ocampo St, G/f Alcantara Bldg., Barangay 719, Malate, City Of Manila

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Indonesian language and at least college level with related BPO experience.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

TRAN THE DUY Vietnamese Customer Support Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Indonesian language and at least college level with related BPO experience.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

NGUYEN THI HIEN Vietnamese Customer Support Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Indonesian language and at least college level with related BPO experience.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

LE HOANG PHUONG THANH Vietnamese Customer Support Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Indonesian language and at least college level with related BPO experience.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

HO, THI KHANH HA Vietnamese Customer Support Specialist

Basic Qualification: Exceptional ability to provide technical support and resolve queries.

Basic Qualification: Able to speak and write in Indonesian language and at least college level with related BPO experience.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

DANG LINH VUONG Vietnamese Customer Support Specialist

Basic Qualification: Exceptional ability to provide technical support and resolve queries. Salary Range: Php 60,000 - Php 89,999

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

SONG, JINYU Mandarin Customer Support Specialist

Basic Qualification: Exceptional ability to provide technical support and resolve queries. Salary Range: Php 60,000 - Php 89,999

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION ZENG, ZIYUE Mandarin Customer Support Representative

Salary Range: Php 60,000 - Php 89,999

INVECH TREASURE PROCESSING CORPORATION 2nd, 3rd, 4th & 5th Floor Building E, Six West Campus, Le Grand Avenue, Mckinley Hill, Fort Bonifacio, City Of Taguig CELVIANA Indonesian Customer Support Specialist

No.

www.businessmirror.com.ph

Brief Job Description: Responsible for handling questions, comments and complaints regarding a particular business. Their ultimate goal is to provide positive customer experiences by enhancing relationships between them. LY CAM MUI Customer Service Representative

119.

Brief Job Description: Process complaints and issues related to products or services. They help customers complete purchases, upgrades, returns and frequently provide advice and technical assistance.

Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-55 y/o, with at least 6 months of work experience, and with good verbal and written communication skills. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION MICHELLE Customer Service Representative

120.

121.

122.

123.

124.

125.

126.

127.

128.

129.

130.

Brief Job Description: Process complaints and issues related to products or services. They help customers complete purchases, upgrades, returns and frequently provide advice and technical assistance.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications.

No.

BUDI SANTOSO HR Admin 137.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications.

138.

139.

XIE, CHANG Manager 140.

Salary Range: Php 30,000 - Php 59,999

141.

131.

132.

133.

Brief Job Description: Process complaints and issues related to products or services. They help customers complete purchases, upgrades, returns and frequently provide advice and technical assistance.

VU THI HIEN Customer Service Representative 134.

Brief Job Description: Process complaints and issues related to products or services. They help customers complete purchases, upgrades, returns and frequently provide advice and technical assistance.

VY PHUONG TRINH Customer Service Representative 135.

Brief Job Description: Process complaints and issues related to products or services. They help customers complete purchases, upgrades, returns and frequently provide advice and technical assistance.

YONG SIAW WEE Customer Service Representative 136.

Brief Job Description: Managing and developing marketing campaigns. Researching and analyzing data to identify and define audiences. Conducting promotional activities.

GAN CHIN HSEIN Project Manager 142.

Brief Job Description: Lead the disinvestment of assets in the assigned terminal facility. Provides leadership team an end-toend accountability on HSSE, budget and schedule.

PHUA MEI SIM Project Manager 143.

Brief Job Description: Lead the disinvestment of assets in the assigned terminal facility. Provides leadership team an end-toend accountability on HSSE, budget and schedule.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications.

Salary Range: Php 30,000 - Php 59,999

RAMIREZ HERNANDEZ, FERNANDO JOSE Customer Success Specialist - Spanish

Basic Qualification: 18-55 y/o, with at least 6 months of work experience, and with good verbal and written communication skills. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College graduate. With at least a year of work experience in customer service. Fluent in Chinese-Mandarin and English languages. With excellent communications, interpersonal, leadership, coaching and conflictresolution skills.

Basic Qualification: High school graduate. With ability to multitask and manage time effectively. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College graduate. With at least 15 years of project development and execution management experience. GPES level 1A holder. With experience in leading a large project or a portfolio of projects.

Basic Qualification: Holder of Bachelor’s Degree in Chemical and Process Engineering. With at least 15 years of project development and execution management experience. GPES level 1A holder. With experience in leading a large project or a portfolio of projects.

Brief Job Description: Responsible for Bid and Tender, Contract Management, Pricing, Master Data, and Data Integrity Management. Ensure invoices are correct and paid on time. Manages existing customer portfolio, customer relationships, and areas of underperformance.

Basic Qualification: Tertiary education. Proficiency in Spanish language. Experience in Data Analytics & Insights and Digital environment.

ZHANG, MENGTING Multilingual Finance Manager 145.

Brief Job Description: Provide financial reports and interpret financial information to managerial staff. CHEN, XIFAN Multilingual Project Manager

146.

Brief Job Description: Supervise the work of laborers, mechanics, etc. and give them guidance when needed. FENG, YI Multilingual Project Manager

147.

Brief Job Description: Supervise the work of laborers, mechanics, etc. and give them guidance when needed. ZHENG, BANGTAO Multilingual Project Manager

148.

Brief Job Description: Supervise the work of laborers, mechanics, etc. and give them guidance when needed.

151.

149.

Brief Job Description: Responsible for defining and communicating the local market strategy and research for Indonesia, continuous monitoring of competitive position and future regulation in the said market.

Brief Job Description: Maintain the quality of customer service provided by the team.

152.

Brief Job Description: Ensure technical equipment and machinery are operational and efficient.

153.

Brief Job Description: Working w/ the sales team to develop targeted sales strategies. NGUYEN, VAN DUC Bilingual Sales And Marketing Officer

154.

Brief Job Description: Working w/ the sales team to develop targeted sales strategies. VO VAN KIEU Bilingual Sales And Marketing Officer

155.

Brief Job Description: Working w/ the sales team to develop targeted sales strategies.

156.

Brief Job Description: Accomplishes staff results by communicating job expectations, planning, monitoring and appraising job results. Delegation of various tasks, maintain quality standards, manages employees and maintenance of a safe work environment.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in bilingual languages. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in bilingual languages. Salary Range: Php 30,000 - Php 59,999

WISHLAND SOFTWARE TECHNOLOGY INC. 28/f Techzone Condo Corp., 213 Buendia Ave., San Antonio, City Of Makati DUAN JIAN LONG Bilingual Marketing Staff 157.

Basic Qualification: Proficient in speaking English and Burmese languages.

Brief Job Description: Conduct marketing activities. Create promotion of products and services offered by the company and track their success. Providing details to clients relative to services being offered.

Salary Range: Php 30,000 - Php 59,999

KIM, EUNMI Bilingual Marketing Staff 158.

Basic Qualification: Proficient in bilingual languages (English and Korean).

Salary Range: Php 30,000 - Php 59,999

LEE, JISOO Bilingual Marketing Staff 159.

Basic Qualification: Proficient in bilingual languages (English and Korean).

Salary Range: Php 30,000 - Php 59,999

KO, YUSUK Bilingual Support Service Brief Job Description: Provide support services across technology programs and projects. BI, YADONG Chinese Language Marketing Staff 161.

162.

Salary Range: Php 30,000 - Php 59,999

163.

Basic Qualification: Proficient in speaking English and Korean languages. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in Chinese language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in Chinese language.

Salary Range: Php 30,000 - Php 59,999

QUACH SO KHEN Vietnamese Language Marketing Staff

Salary Range: Php 30,000 - Php 59,999

TATA CONSULTANCY SERVICES (PHILIPPINES) INC. 8th-12th, 14th & 15th Floor, Panorama Tower, 34th Street Corner Lane A, Bonifacio Global City, Fort Bonifacio, City Of Taguig

Basic Qualification: Proficient in speaking, reading and writing in bilingual languages.

Salary Range: Php 30,000 - Php 59,999

ZHANG, LU Chinese Language Marketing Staff

Salary Range: Php 90,000 - Php 149,999

Salary Range: Php 30,000 - Php 59,999

YIN, XINWU Manager

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College graduate. Fluent in Malay language and has a wide knowledge and expertise in market research of Asian markets. With at least 1 year of managerial experience in the Malaysian and Asian market research field.

Basic Qualification: Excellent in bilingual languages.

WANGLINK TECHNOLOGY INC. 2f Bachranch Bldg Ii, Corner 23rd And Railroad St., Port Area, Barangay 653, Port Area, City Of Manila

Basic Qualification: Fluent in Mandarin and English languages.

Salary Range: Php 150,000 - Php 499,999

Salary Range: Php 30,000 - Php 59,999

LE THI KIM OANH Bilingual Sales And Marketing Officer

Basic Qualification: Fluent in Mandarin and English languages.

Basic Qualification: Bachelor of Technology in Mechanical Engineering graduate. With at least 2 years of core IT experience with an expertise in telecommunications industry.

Basic Qualification: Proficient in speaking, reading and writing in bilingual languages.

LIANG, HAO-TIAN Bilingual IT Support

Basic Qualification: Fluent in Mandarin and English languages.

SUMMIT SUPPORT SERVICES, INC. Unit 16c 16/f Petron Mega Plaza, 358 Sen. Gil Puyat Ave., Bel-air, City Of Makati

PRILITA TAMBOTO Country Manager

Brief Job Description: Managing the migration process from source to target, analysis of application and data requirement for B/OSS system (HOBS) by utilizing a combination of PL/SQL, SQL, Phyton, HADOOP, Spark, PySpark, Pentaho. Discussing with customers on business requirements clarification.

LAI CHI HUA Bilingual Admin Officer

160.

Salary Range: Php 30,000 - Php 59,999

QUALIFICATION AND SALARY RANGE

TOTAL CREST BUSINESS SUPPORT, INC. 26/f & 27/f Alphaland Corporate Tower, Ayala Ave. Extn. Cor. Malugay St., Bel-air, City Of Makati

Salary Range: Php 30,000 - Php 59,999

STONE ASIA AND SPECIALTY PRODUCTS, INC. 350, J.p. Rizal, Namayan, City Of Mandaluyong

Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999

150.

SHELL SHARED SERVICES (ASIA) B.V. 16/f-25/f Solaris One Bldg., 130 Dela Rosa St., San Lorenzo, City Of Makati

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 500,000 and above

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications.

Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION BANSAL, ADARSH Lead - Application Migration

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 500,000 and above

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications.

No.

SHELL PILIPINAS CORPORATION 41st Floor, The Finance Center, 26th Street Corner 9th Ave., Bonifacio Global City, Fort Bonifacio, City Of Taguig

144. TANG SONG MUI Customer Service Representative

GUAN, XIAOCUI Chinese Marketing Officer

Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications.

Basic Qualification: 18-55 y/o, with at least 6 months of work experience, and with good verbal and written communication skills.

PHILIPPINES E-RISE TRADERS CORPORATION 2/f Global Link Center, 710 Shaw Blvd., Wack-wack Greenhills, City Of Mandaluyong

Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications. Salary Range: Php 30,000 - Php 59,999

QUALIFICATION AND SALARY RANGE

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications.

ESTABLISHMENT / ADDRESS

PHIL. TRAVERSE TRADING AND CONSULTANCY INC. Unit 1711 Cityland Herrera Tower, 98 V.a. Rufino Cor. Valero Sts., Bel-air, City Of Makati

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-50 y/o, with good organizational skills, and proficient in relevant computer applications.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Friday, December 22, 2023

Basic Qualification: Proficient in speaking, reading and writing in Vietnamese language.

Salary Range: Php 30,000 - Php 59,999

ZAPPORT SERVICES, INC. 22/f & 36/f Burgundy Corporate Tower, 252 Sen. Gil J. Puyat Ave., Pio Del Pilar, City Of Makati MERRY TENIA Indonesian-Speaking Customer Service Officer 164.

Brief Job Description: Writing Indonesian reports on the daily operation of call center activities, performing customeroriented telephone activities and various background operation duties.

Basic Qualification: Fluent in Indonesian language. Salary Range: Php 30,000 - Php 59,999

*Date Generated: Dec 21, 2023 Any person in the Philippines who is competent, able and willing to perform the services for which the foreign national is desired may file an objection at DOLE National Capital Region located at DOLENCR Building, 967 Maligaya St., Malate Manila, within 30 days after this publication. Please inform DOLE National Capital Region if you have any information on criminal offense committed by the foreign nationals.

A10 6A Friday, December 22, 2023

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Friday, December 22, 2023 A11

US is engaging in high-level diplomacy to avoid vetoing a UN resolution on critical aid for Gaza By Edith M. Lederer

The Associated Press

NITED NATIONS—The United States, key allies and Arab nations engaged in high-level diplomacy in hopes of avoiding another US veto of a new U.N. resolution on desperately needed aid to Gaza ahead of a long-delayed vote now scheduled for Thursday morning. The US has been struggling to change the text’s references to a cessation of hostilities in the Israel-Hamas war. Another sticking point is the inspection of aid trucks into Gaza to ensure they are only carrying humanitarian goods. The current draft proposes a UN role, an idea Israel is likely to oppose. US President Joe Biden told reporters on his way back from Milwaukee, Wisconsin late Wednesday afternoon that “we’re negotiating right now at the U.N. the contours of a resolution that we may be able to agree to.” Ambassador Lana Nusseibeh of the United Arab Emirates, which sponsored the Arab-backed resolution, said earlier that high-level discussions are underway to try to reach agreement on a text that can be adopted. “Everyone wants to see a resolution that has impact and that is implementable on the ground,” she told reporters after the 15 council members held closed consultations early Wednesday afternoon and agreed to the delay. “We believe today, giving a little bit of space for additional diplomacy, could yield positive results.” The vote—initially postponed from Monday and then pushed back to Tuesday and then Wednesday—is now expected on Thursday morning, said Ecuador’s UN Ambassador José Javier De La Gasca López-Domínguez, the current Security Council president. A US official, speaking on condition of anonymity to discuss

PRESIDENT Joe Biden answers a reporter’s question as he walks from Marine One upon arrival on the South Lawn of the White House on December 20, 2023, in Washington. The United States, key allies and Arab nations engaged in high-level diplomacy in hopes of avoiding another US veto of a new UN resolution on desperately needed aid to Gaza ahead of a long-delayed vote now scheduled for Thursday morning, December 21, 2023. AP/ALEX BRANDON

the sensitive diplomacy, said US Secretary of State Antony Blinken would speak with his Egyptian and UAE counterparts to try to reach a consensus either late Wednesday or early Thursday. As part of the US push at the UN, Blinken spoke Wednesday with the foreign ministers of France, Germany and the United Kingdom and stressed the need for urgent humanitarian aid to Gaza, “the imperative of minimizing civilian casualties,” and preventing further escalation of the conflict and “underscored the US commitment to the establishment of an independent Palestinian state,” State Department spokesman Matthew Miller said. Nusseibeh said the UAE is optimistic, but if the negotiations yield no results by Thursday “then we will assess in the council to proceed...to a vote on the resolution.” UN Secretary-General António Guterres has said Gaza faces “a humanitarian catastrophe” and that a total collapse of the humanitarian support system would lead to “a complete breakdown of public order and increased pressure for mass displacement into Egypt.”

The UN food agency reported last week that 56 percent of Gaza’s households are experiencing “severe levels of hunger,” up from 38 percent two weeks earlier. The draft on the table Monday morning called for an “urgent and sustainable cessation of hostilities,” but this language was watered down in a new version that was to be put to a vote on Wednesday. It would call “for the urgent suspension of hostilities to allow safe and unhindered humanitarian access, and for urgent steps towards a sustainable cessation of hostilities.” T h at d r a f t a l s o c a l l s for Guterres to quick ly establish a mechanism for exclusive UN monitoring of aid deliveries to Gaza—bypassing the current Israeli inspection of aid entering the strip. A council diplomat, speaking on condition of anonymity because discussions were private, said the US and Egypt are engaging directly to ensure any aid monitoring mechanism can work for everyone. US National Security Council spokesman John Kirby also

US, Venezuela swap prisoners: Maduro ally for 10 Americans, plus fugitive contractor ‘Fat Leonard’ By Joshua Goodman, Eric Tucker & Regina Garcia Cano The Associated Press

IAMI—The United States freed a close ally of Venezuelan President Nicolás Maduro in exchange for the release of 10 Americans imprisoned in the South American country and the return of a fugitive defense contractor known as “Fat Leonard” who is at the center of a massive Pentagon bribery scandal, the Biden administration announced Wednesday. The American detainees were back on US soil late Wednesday, White House national security adviser Jake Sullivan said. Six of them arrived at Kelly Airfield Annex in San Antonio. Savoi Wright, a Californian who had been arrested in Venezuela in October, said, “Free at last, free at last, thank God almighty, free at last” after disembarking the plane. The deal represents the Biden administration’s boldest move yet to improve relations with the major oil-producing nation and extract concessions from the self-proclaimed socialist leader. The largest release of American prisoners in Venezuela’s history comes weeks after the White House agreed to suspend some sanctions, following a commitment by Maduro to work toward free and fair conditions for the 2024 presidential election. Maduro celebrated the return of Alex Saab as a “triumph for truth” over what he called a US-led campaign of lies, threats and torture against someone he considers a Venezuelan diplomat illegally arrested on a US warrant.

“President Biden, we won’t be anyone’s colony,” a defiant Maduro said with Saab at his side for a hero’s welcome at the presidential palace. The release of Saab, long regarded by Washington as a bagman for Maduro, is a significant concession to the Venezuelan leader. Former President Donald Trump’s administration held out Saab as a trophy, spending millions of dollars pursuing the Colombian-born businessman, at one point even deploying a Navy warship to the coast of West Africa following his arrest in Cape Verde to ward off a possible escape. US officials said Biden’s decision to grant him clemency was difficult but essential in order to bring home jailed Americans, a core administrative objective that in recent years has resulted in the release of criminals once seen as untradeable. “These individuals have lost far too much precious time with their loved ones, and their families have suffered every day in their absence. I am grateful that their ordeal is finally over,” President Joe Biden said in a statement. The agreement also resulted in the return to US custody of Leonard Glenn Francis, the Malaysian owner of a ship-servicing company who is the central character in one of the largest bribery scandals in Pentagon history. But the exchange angered many in the Venezuelan opposition who have criticized the White House for standing by as Maduro has repeatedly outmaneuvered Washington after the Trump administration’s campaign to topple him failed. Eyvin Hernandez, a Los Angeles County public defender arrested almost two years ago along the Colombia-Venezuela border,

was one of the U.S. detainees. After arriving in Texas Wednesday night, he thanked Biden “because I know he made a difficult decision that will have a lot of pressure on him on Capitol Hill. But he got us home and we’re with our families. And so we’re incredibly grateful, all of us.” Hernandez added, “Honestly, all you think about when you’re in prison is how you didn’t appreciate being free while you were free.” Wright told reporters: “I didn’t know if I would ever make it out. And it’s really scary to be in a place where you’re used to having freedoms and you’re locked into a cell.... It’s a very challenging situation.” In October, the White House eased sanctions on Venezuela’s oil industry following promises by Maduro that he would level the playing field for the 2024 election, when he’s looking to add six years to his decade-long, crisis-ridden rule. A November 30 deadline has passed and so far Maduro has failed to reverse a ban blocking his chief opponent, María Corina Machado, from running for office. Biden told reporters earlier in the day that, so far, Maduro appeared to be “keeping his commitment on a free election.” Republicans, echoing the sentiment of many in the US-backed opposition, said Saab’s release would only embolden Maduro to continue down an authoritarian path. “Disgraceful decision,” Republican Sen. Marco Rubio of Florida, vice chair of the Senate Intelligence Committee, posted on X, the social media platform formerly known as Twitter. The White House went to lengths to assure it won’t hesitate to snap back sanctions if Venezuela’s government fails to fulfill

raised two other issues Wednesday morning that are not in the Arab-sponsored resolution—condemnation of Hamas’ deadly October 7 incursion into southern Israel that sparked the latest war and Israel’s right to self-defense. The US on December 8 vetoed a Security Council resolution, backed by almost all other council members and dozens of other nations, demanding an immediate humanitarian cease-fire in Gaza. The 193-member General Assembly overwhelmingly approved a similar resolution on December 12 by a vote of 153-10, with 23 abstentions. In its first unified action on November 15, with the US abstaining, the Security Council adopted a resolution calling for “urgent and extended humanitarian pauses” in the fighting, unhindered aid deliveries to civilians and the unconditional release of all hostages. Security Council resolutions are important because they are legally binding, but in practice, many parties choose to ignore the council’s requests for action. General Assembly resolutions are not legally binding, though they are a significant barometer of world opinion. Nearly 20,000 Palestinians have been killed, according to the Gaza Health Ministry, since the war started. During the October 7 attack, Hamas militants killed about 1,200 people in Israel and took about 240 hostages back to Gaza. Hamas controls the Gaza Strip, and its Health Ministry does not differentiate between civilian and combatant deaths. Thousands more Palestinians lie buried under the rubble of Gaza, the UN estimates. The Associated Press writers Aamer Madhani, Matthew Lee and Ellen Knickmeyer in Washington contributed to this report.

electoral commitments hammered out during negotiations with the opposition. A $15 million reward seeking Maduro’s arrest to face drug trafficking charges in New York also remains in effect, it said. The agreement also requires Maduro’s government to release 20 political prisoners, in addition to a close ally of Machado, along with the suspension of arrest warrants of three other Venezuelans. The US has conducted several swaps with Venezuela over the past few years, including one in October 2022 for seven Americans, including five oil executives at Houstonbased Citgo, in exchange for the release of two nephews of Maduro’s wife jailed in the US on narcotics charges. Like that earlier exchange, Wednesday’s swap took place on an airstrip in the Caribbean island nation of St. Vincent and the Grenadines. Saab, who turns 52 on Thursday, hugged his wife and two young children as he descended the staircase of a private jet at the Simon Bolivar International Airport. It was a stark reversal from the scene on another tarmac, in Cape Verde, where he was arrested in 2020 during a fuel stop en route to Iran to negotiate oil deals on behalf of Maduro’s government. The US charges were conspiracy to commit money laundering tied to a bribery scheme that allegedly siphoned off $350 million through state contracts to build affordable housing. Saab was also sanctioned for allegedly running a scheme that stole hundreds of millions in dollars from food-import contracts at a time of widespread hunger mainly due to shortages in the South American country. Tucker reported from Washington and Garcia Cano from Caracas, Venezuela. Associated Press writers Michael Balsamo and Jim Mustian in New York, Julie Watson in San Diego and Matthew Lee in Washington contributed to this report.

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Ukraine ends year disappointed by stalemate with Russia, and anxious about aid from allies By Barry Hatton

The Associated Press

HE year started with high hopes for Ukrainian troops planning a counteroffensive against Russia. It ended with disappointment on the battlefield, an increasingly somber mood among troops and anxiety about the future of Western aid for Ukraine’s war effort.

UKRAINIAN servicemen walk through a charred forest at the frontline a few kilometers from Andriivka, Donetsk region, Ukraine on September 16, 2023. AP/MSTYSLAV CHERNOV

In between, there was a shortlived rebellion in Russia, a dam collapse in Ukraine, and the spilling of much blood on both sides of the conflict. Twenty-two months since it invaded, Russia has about onefifth of Ukraine in its grip, and the roughly 1,000-kilometer (620mile) front line has barely budged this year. A crunch has come away from the battlefield. In Western count r ies t h at h ave c h a mpioned Ukraine’s struggle against its much bigger adversary, political deliberations over billions in financial aid are increasingly strained. Russian President V ladimir Putin is playing a waiting game two years into a war that proved to be a costly miscalculation by the Kremlin. He is wagering that the West’s support will gradually crumble, fractured by political divisions, eroded by war fatigue and distracted by other demands, such as China’s menacing of Taiwan and war in the Middle East. The international political outlook could turn sharply in Putin’s

even actually call it a great year for Putin,” says Mathieu Boulegue, a consulting fellow for the Russia-Eurasia program at Chatham House think tank in London. Western sanctions are biting but not crippling the Russian economy. Russian forces are still dictating much of what happens on the battlefield, where its defensive lines feature minefields up to 20 kilometers (12 miles) deep that have largely held back Ukraine’s monthslong counteroffensive. T he cou nterof fen sive w a s launched before Ukraine’s forces were fully ready, a hurried political attempt to demonstrate that Western aid could alter the course of the war, said Marina Miron of the Defense Studies Department of King’s College London. “ The expectations (for the counteroffensive) were unrealistic,” she said. “It turned out to be a failure.” Putin got a victory he desperately wanted in May in the fight for the bombed-out city of Bakhmut, the longest and bloodiest battle of the war. It was a trophy to show Russians after his

favor after next November’s elections in the United States—by far Ukraine’s biggest military supplier and where some Republican candidates are pushing to wind down support for its war. Nearly half of the US public believes the country is spending too much on Ukraine, according to polling published in November by The Associated PressNORC Center for Public Affairs Research. “The political landscape on both sides of the Atlantic is changing,” says Charles Kupchan, a senior fellow at the Council on Foreign Relations in Washington DC. “Transatlantic solidarity has been steady. But I don’t think it will remain steady forever.” The shifting sentiment could benefit Putin, analysts say, as he seeks at least to keep Ukraine in limbo and eventually compel it to accept a bad deal to end the war. Putin announced in early December that he will run for reelection in March, all but guaranteeing he keeps his repressive grip on Russia for at least another six years. “It’s been a good year, I would

army’s winter offensive failed to take other Ukrainian cities and towns along the front line. A mutiny in June by the Wagner mercenary group was the biggest challenge to Putin’s authority in his more than two decades in power. But it backfired. Putin defused the revolt and kept the allegiance of his armed forces, reasserting his hold on the Kremlin. Wa g ner c h ief a nd mut i ny leader Yevgeny Prigozhin was k i l led in a myster ious plane crash. And any public dissent about the war was quickly and heavy-handedly stamped out by Russian authorities. Still, Putin has had setbacks. He fell afoul of the International Criminal Court, which in March issued an arrest warrant for him on war crimes, accusing him of personal responsibility for the abductions of children from Ukraine. That made it impossible for him to travel to many countries. Ukraine has so far clawed back about half the land that the Kremlin’s forces occupied in their fullscale invasion in February 2022, according to the US, but it’s going

to be hard to win back more. The big Ukrainian push fell far short of its ambitions, even though Western countries had given Kyiv a variety of weapons and training. That has raised uncomfortable questions in the West about the best way forward. “We’re in a very awkward moment now,” said Kupchan of the Council on Foreign Relations. The Russians have been ruthless in their determination to stop the Ukrainians punching through their lines. They were suspected of sabotaging the major Kakhovka dam on the Dnieper River in southern Ukraine, having possessed the means, motive and opportunity to do so. The dam’s collapse f looded a huge area where U k ra inian forces might have may have been able to break through. For its part, Ukraine has proved able to strike far behind enemy lines, even hitting Moscow with long-range drones. It has bloodied Russia’s nose by hitting with missiles and drones a key bridge in Moscow-annexed Crimea, oil depots and airfields, and the headquarters of Russia’s Black Sea fleet in Sevastopol. By showing it can strike in the Black Sea, Ukraine has been able to push Russian warships away from the coast, although not entirely. At one point, Russia turned its sights on Ukraine’s Black Sea ports—a vital conduit to global trade— and its farming infrastructure, destroying enough food to feed more than 1 million people for a year, the UK government said. Yet while Russia has endured huge losses of troops and equipment, the country possesses the scale to soak up those setbacks. Putin, who foreign officials say has secured large supplies of am-

munition from North Korea, has put together a state budget that devotes a record amount to defense as it increases spending by around 25 percent in 2024-2026. He has also ordered the country’s military to increase the number of troops by nearly 170,000 to more than 1.3 million. For Ukraine, the challenge is resourcing another offensive operation. Its troops are motivated but exhausted, analysts say. Zelenskyy has tirelessly lobbied Western leaders to keep help coming, aware they are his country’s lifeline. He has traveled to Washington three times in the past two years. US President Joe Biden traveled to Kyiv last February in a display of Western solidarity. He now wants Congress to grant an additional $50 billion for the war in Ukraine. Support for Kyiv shows signs of fraying, however. Biden’s proposal is stuck in a divided Senate. Zelenskyy scored a diplomatic victory late in the year when the European Union g ranted U kraine accelerated ta lks on joining the bloc. But even that triumph was tempered by the knowledge that the process could take years, as could clinching NATO membership. And the EU’s denial of 50 billion euros ($55 billion) in aid to help keep the battered Ukrainian economy going was frustrating for Kyiv. Italian Premier Giorgia Meloni perhaps expressed the predicament most succinctly in November when she inadvertently told a pair of Russian prank callers that “there is a lot of fatigue” on the issue of Ukraine. “We are near the moment in which everybody understands that we need a way out,” she said.

Korea’s Kim again threatens use of nukes Christian group and family raise outcry over North as he praises troops for long-range missile launch detention of ‘house church’ elder in China By Hyung-Jin Kim The Associated Press

By Huizhong Wu

The Associated Press

A NGKOK—Ding Zhongfu was awakened by loud pounding on his door. Five policemen greeted Ding, an elder in a Chinese church. The officers pinned him to the wall that Thursday morning in November and interrogated him while searching the apartment he shared with his wife, Ge Yunxia, and their 6-year-old daughter. Ding’s family now pleads for his release after he was taken from his home in China’s central Anhui province on suspicion of fraud. In their first public comments on the case, the family denies that Ding committed any fraud. Instead, they told The Associated Press in an interview, it is part of a wider crackdown on religious freedoms in China. Four others were detained, all senior members of the Ganquan church, a name that means “Sweet Spring,” according to the family. All were taken on suspicion of fraud, according to a bulletin from a Christian prayer group. “Under the fabricated charge of ‘fraud,’ many Christians faced harsh persecution,” said Bob Fu, the founder of a US-based Christian rights group, ChinaAid, who is advocating for Ding’s release. Police have started using fraud charges in recent years against

IN this December 15, 2018 photo provided by Ge Yunxia, church elder Ding Zhongfu visits a park in Hefei city, in central China’s Anhui province. Ding and four other people, all senior in the Ganquan church were detained by police in November on suspicion of fraud, according to a bulletin from the church. GE YUNXIA VIA AP

leaders of what are known as house churches, or informal churches not registered with the government in China. While China allows the practice of Christianity, it can only legally be done at churches registered w ith the state. Many who choose to worship in house churches say that joining a state church means worshiping the supremacy of the government and Communist Party over God, which they reject. Beijing in the past several years has increased the pressure on house churches. In 2018, Chinese leader Xi Jinping issued a five-year

plan to “Sinicize” all the nation’s officially allowed religions, from Islam to Christianity to Buddhism, by infusing them with “Chinese characteristics” such as loyalty to the Communist Party. Heeding the call, local governments started shutting down house churches through evictions, police interrogations and arrests. In 2022, pastor Hao Zhiwei in central Hubei province was sentenced to eight years in prison after being charged with fraud, according to Fu. That same year, preachers Han Xiaodong and Li Jie and church worker Wang Qiang were also arrested on suspicion of committing fraud. On December 1, police called Ding Zhongfu’s wife into the station saying that her husband was being criminally detained on suspicion of fraud. They declined to give her a copy of any paperwork they had her sign that acknowledged they were investigating him. A police officer at the Shushan branch’s criminal division who answered the phone Tuesday declined to answer questions, saying he could not verify the identity of The Associated Press journalist calling. The family had been preparing to move to the United States in December to join Ding’s daughter from a previous marriage.

“I wasn’t necessarily a proponent of him moving to the US,” said the daughter, Wanlin Ding, because it would be such a drastic uprooting. “It wasn’t until this event that I realized how serious it was.” She had wanted him to be part of her wedding in the spring. Ding’s Ganquan house church had been forced to move multiple times in the past decade, Ge said. The congregation pooled money to buy property so they could use it as a place of worship. Because the churches aren’t recognized by the government, the deeds were put in the names of Ding and two other church members. Still, police forbid them from using the property to worship, showing up ahead of services to bar people from entering. In recent years, Ding’s wife said, the church had been meeting at more random locations to avoid police. The church has about 400-500 worshipers from all levels of society. Ding, in addition to managing the church’s finances, served as an elder in the community, someone people could come to with their problems. One friend called Ding a “gentle” person in a handwritten testimony for the pastor’s case as part of the public plea for his release: “He was always proactively helping those in society who needed to be helped.”

EOUL, South Korea—North Korean leader Kim Jong Un said his country has a policy of not hesitating to launch a nuclear strike on its rivals if provoked, as he praised troops involved in its recent intercontinental ballistic missile test, state media reported Thursday. Since adopting an escalatory nuclear doctrine last year, Kim has repeatedly threatened to use nuclear weapons preemptively. But many foreign experts say North Korea has yet to obtain functioning nuclear missiles and is also unlikely to use its nukes first because it’s outgunned by the US and its allied forces. North Korea on Monday conducted its first intercontinental ballistic missile test in five months, calling the drill a warning over confrontational US and South Korean moves. North Korea cited a recent US-South Korean meeting on boosting their nuclear deterrence plans. The North’s Korean Central News Agency said Kim met troops from the General Missile Bureau on Wednesday to congratulate them on the launch of the developmental solidfueled Hwasong-18 missile, the North’s newest and most powerful ICBM. During the meeting, Kim said the launch demonstrated the evolution of the North’s nuclear doctrine and strategy “not to hesitate even with a nuclear attack when the enemy provokes it with nukes,” KCNA said. Kim said peace is guaranteed by a war posture of being willing to launch preemptive strikes on the enemy anywhere to make it feel fear, KCNA said. Last year, North Korea adopted a law that stipulates a broad range of situations in which it can use nuclear weapons. Since the beginning of 2022, it has also test-fired about 100 ballistic missiles, many of them

nuclear-capable weapons targeting the US and South Korea. Monday’s Hwasong-18 launch was the weapon’s third test-flight this year. The US and South Korean governments have repeatedly warned that any attempt by North Korea to use nuclear weapons would result in the end of the Kim Jong Un government. The allies have also expanded their military training, which Kim views as invasion rehearsal. After the North’s latest ICBM launch, the US, South Korea and Japan began sharing real-time missile warning data on North Korea and established details of their trilateral exercises in the coming years. On Wednesday, the US flew long-range B-1B bombers for joint aerial training with South Korean and Japanese warplanes in a demonstration of strength against North Korea. In an emergency UN Security Council meeting on Tuesday, the US, South Korea and their par tners maintained that North Korea’s repeated missile launches threatened international peace and violated Security Council resolutions that ban any ballistic activities by North Korea. Kim’s sister and senior official, Kim Yo Jong, said in a statement on Thursday she “feels very unpleasant” over the U.N. council meeting, which she said was held at “the brigandish demand of the US and its satellite countries.” She said the U.N. council must hold the US and South Korea accountable for heightened tensions as they stage “all sorts of military provocations all year round.” The North’s latest ICBM launch won’t likely earn the country fresh international sanctions. China and Russia—locked in separate confrontations with the US—have repeatedly blocked any UN Security Council responses to the North’s banned ballistic missile tests since last year.

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Friday, December 22, 2023 A13

Israel uncovers major Hamas command center in Gaza City as cease-fire talks gain momentum By Josef Federman, Wafaa Shurafa & Samy Magdy The Associated Press

ERUSALEM—The Israeli military on Wednesday said it had uncovered a major Hamas command center in the heart of Gaza City, inflicting what it described as a serious blow to the Islamic militant group as pressure grows on Israel to scale back its devastating military offensive in the coastal enclave.

PALESTINIANS evacuate from a site hit by an Israeli bombardment on Rafah, southern Gaza Strip on Wednesday, December 20, 2023. AP/FATIMA SHBAIR

The army said it had exposed the center of a vast underground network used by Hamas to move weapons, militants and supplies throughout the Gaza Strip. Israel has said destroying the tunnels is a major objective of the offensive. The announcement came as Hamas’ top leader arrived in Egypt for talks aimed at brokering a temporary cease-fire and a new deal for Hamas to swap Israeli hostages for Palestinians imprisoned by Israel. Israeli leaders have vowed to press ahead with the two-monthold offensive, launched in response to a bloody cross-border attack by Hamas in October that killed some 1,200 people and saw 240 others taken hostage. The offensive has devastated much of northern Gaza, killed nearly 20,000 Palestinians, and driven some 1.9 million people — nearly 85% of the population — from their homes. The widespread destruction and heavy civilian death toll has drawn increasing international calls for a cease-fire. Hamas militants have put up stiff resistance lately against Israeli ground troops, and its forces appear to remain largely intact in southern Gaza. It also continues to fire rockets into Israel every day.

Military commanders boasted that they had uncovered offices, tunnels and elevators used by Hamas’ top leaders. The military released videos of underground offices and claimed to have found a wheelchair belonging to Hamas’ shadowy military commander, Mohammed Deif, who has not been seen in public in years. The army’s chief spokesman, Rear Adm. Daniel Hagari, said the army had located a vast underground complex. “They all used this infrastructure routinely, during emergencies and also at the beginning of the war on October 7,” he said. He said the tunnels stretched across Gaza and into major hospitals. The claims could not be independently verified. Hagari also indicated that Israel was winding down its operations in northern Gaza, including Gaza City, where it has been battling Hamas militants for weeks. He said the army had moved into a final remaining Hamas stronghold, the Gaza City neighborhood of Tufah. But the army also acknowledged a significant misstep. An investigation into its soldiers’ mistaken shooting of three Israelis held hostage in Gaza found that, five days before the shooting, a military

The United States, Israel’s closest ally, has continued to support Israel’s right to defend itself while also urging greater effort to protect Gaza’s civilians. But in some of the toughest American language yet, Secretary of State Antony Blinken on Wednesday called on Israel to scale back its operations. “It’s clear that the conflict will move and needs to move to a lower intensity phase,” Blinken said. He said the US wants to see “more targeted operations” with smaller levels of forces focused on specific targets, such as Hamas’ leaders and the group’s tunnel network. “As that happens, I think you’ll see as well, the harm done to civilians also decrease significantly,” he said. His comments were more pointed than statements by Defense Secretary Lloyd Austin, who in a visit to Israel this week said the US would not dictate any timeframes to its ally.

Tunnel network

THE Israeli militar y escorted Israeli reporters into Palestine Square in the heart of Gaza City to show off what it described as the center of Hamas’ tunnel network.

South Korean court orders 2 Japanese companies to pay wartime Korean workers for forced labor By Hyung-Jin Kim The Associated Press

EOUL, South Korea—South Korea’s top court ordered two Japanese companies to financially compensate more of their wartime Korean workers for forced labor, as it sided Thursday with its contentious 2018 verdicts that caused a huge setback in relations between the two countries. But observers say Thursday’s ruling won’t likely hurt bilateral ties much since Seoul and Tokyo, now governed by different leaders, are pushing hard to bolster their partnerships in the face of shared challenges like North Korea’s evolving nuclear threats and China’s increasing assertiveness. The Supreme Court ruled that Mitsubishi Heavy Industries must provide between 100 million and 150 million won ($76,700 and $115,000) in compensation to each of four plaintiffs — bereaved families of its former employees who were forced to work for the company during Japan’s 1910-1945 colonial rule of the Korean Peninsula. The court also said Nippon Steel Corp. must give 100 million won (about $76,700) to each of seven Korean plaintiffs for similar colonial-era forced labor. In two separate verdicts in 2018, the top South Korean court ordered Mitsubishi and Nippon Steel to compensate a total of 15 other Korean employees for forced labor. That irked Japan, which has insisted all compensation issues were already settled by a 1965 bilateral treaty that normalized their diplomatic relations. But the 2018 South Korean court rulings said the treaty

FAMILY members of forced labor victims during the Japan’s colonial period, arrive at the Supreme Court in Seoul, South Korea on Thursday, December 21, 2023. South Korea’s top court ordered two Japanese companies to financially compensate more of their wartime Korean workers for forced labor, as it sided Thursday with its contentious 2018 verdicts that caused a huge setback in relations between the two countries. AP/AHN YOUNG-JOON

cannot prevent individual rights to seek compensations for forced labor because Japanese companies’ use of such laborers were “acts of illegality against humanity” that were linked to Tokyo’s illegal colonial occupation and its war of aggression. In Thursday’s ruling, the South Korean Supreme Court cited that argument in one of the 2018 verdicts, saying it paved the way for “a judicial remedy for forced labor victims within Republic of Korea.” Japan’s Chief Cabinet Secretary Yoshimasa Hayashi called the ruling “absolutely unacceptable” as it clearly violated the 1965 treaty. The wrangling touched off by the 2018 rulings led to the two countries downgrading each other’s trade status, and Seoul’s

previous liberal government threatening to spike a military intelligence-sharing pact. Their strained ties complicated efforts by the United States to build a stronger trilateral cooperation to counter challenges posed by North Korea and China. The Seoul-Tokyo relations, however, began thawing after South Korea’s current conservative president, Yoon Suk Yeol, announced in March that his country would use a local corporate fund to compensate the forced labor victims without demanding Japanese contributions. Japanese Prime Minister Fumio Kishida later expressed sympathy for the suffering of Korean forced laborers during a Seoul visit. The two countries revived high-level talks and

search dog with a body camera had captured audio of them shouting for help in Hebrew. Hagari said the recording was not reviewed until after the hostages were killed while trying to make themselves known to Israeli forces. The incident has sparked an uproar in Israel and put pressure on the government to reach a new deal with Hamas. The military chief has said the shooting was against its rules of engagement. The Israeli military campaign now is largely focused on southern Gaza, where it says Hamas’ leaders are hiding. “We will continue the war until the end. It will continue until Hamas is destroyed, until victory,” Israeli Prime Minister Benjamin Netanyahu said in a video statement. “Whoever thinks we will stop is detached from reality.”

Cease-fire talks gain momentum

AS Netanyahu vowed to continue the war, there were new signs of progress in cease-fire talks. Hamas’ top leader, Ismail Haniyeh, traveled to Cairo for talks on the war, part of a flurry of diplomacy. In recent days, top Israeli, American and Qatari officials have also held cease-fire talks. withdrew economic retaliatory steps against each other. Eleven of the 15 former forced laborers or their families involved in the 2018 rulings had accepted compensation under Seoul’s third-party reimbursement plan, but the remaining four still refuse to accept it, according to their support group. “I believe the South Korean government will continue its utmost effort in order to gain the understanding of the plaintiffs,” Hayashi said. Choi Eunmi, a Japan expert at South Korea’s Asan Institute Policy Institute in Seoul, said Thursday’s ruling “won’t likely cause big troubles in Korea-Japan relationships” as South Korea has already determined how to handle such verdicts with the establishment of the domestic compensation fund. Choi said that, because some forced labor victims refuse to accept compensation under the third-party reimbursement system, the South Korean fund hasn’t completely resolved the issue. But she said an attempt by a future South Korean government to spike the system would undermine South Korea’s credibility in Japan and deteriorate bilateral ties severely. Yoon’s push to improve ties with Japan drew strong backlash from some of the forced labor victims and liberal opposition politicians, who have demanded direct compensation from the Japanese companies. But Yoon defended his move, saying it’s essential to boosting ties with Japan to jointly cope with North Korea’s advancing nuclear arsenal, the intensifying US-China rivalry and global supply chain challenges. The Associated Press writer Mari Yamaguchi in Tokyo contributed to this report.

“These are very serious discussions and negotiations, and we hope that they lead somewhere,” the White House’s national security spokesman, John Kirby, said aboard Air Force One while traveling with President Joe Biden to Wisconsin. Biden, however, indicated a deal was still a ways off. “There’s no expectation at this point, but we are pushing,” he said. Asked about the rising death toll in Gaza, Biden said: It’s tragic.” Hamas says no more hostages will be released until the war ends. It is insisting on the release of large numbers of Palestinian prisoners, including high-level militants convicted in deadly attacks, for remaining captives. Osa m a Ha md a n, a sen ior Hamas official in Beirut, said the efforts right now are focused on how to “stop this aggression, especially that our enemy now knows that it cannot achieve any of its goals.” Israel has rejected Hamas’ demands for a mass prisoner release so far. But it has a history of lopsided exchanges for captive Israelis, and the government is under heavy public pressure to bring the hostages home safely. Egypt, along with Qatar and the US, helped mediate a weeklong cease-fire in November in which Hamas freed over 100 hostages in exchange for Israel’s release of 240 Palestinian prisoners. Hamas and other militants are still holding an estimated 129 captives, though roughly 20 are believed to have died in captivity. UN Security Council members are negotiating an Arab-sponsored resolution to halt the fighting in some way to allow for an increase in desperately needed humanitarian aid deliveries to Gaza. A vote on the resolution, first scheduled for Monday, was pushed back again on Wednesday in the hopes of getting the US to support it or allow it to pass after it vetoed

an earlier cease-fire call.

Humanitarian crisis

MOBILE phone and Internet service was down across Gaza again on Wednesday. The outage could complicate efforts to communicate with Hamas leaders inside the territory who went into hiding after October 7. The war has led to a humanitarian crisis in Gaza. Tens of thousands of people are crammed into shelters and tent camps amid shortages of food, medicine and other basic supplies. Israel’s foreign minister traveled to Cyprus to discuss the possibility of establishing a maritime corridor that would allow the delivery of large amounts of humanitarian aid to Gaza. At least 46 people were killed and more than 100 wounded early Wednesday after Israel bombarded the urban Jabaliya refugee camp near Gaza City, according to Munir al-Bursh, a senior Health Ministry official. At least five people were killed and dozens injured in another strike that hit three residential homes and a mosque in Gaza’s southern city of Rafah Wednesday, health officials said. The Health Ministry in Hamasrun Gaza said Tuesday the death toll since the start of the war had risen to more than 19,600. It does not distinguish between civilian and combatant deaths. Israel’s military says 134 of its soldiers have been killed in the Gaza ground offensive. Israel says it has killed some 7,000 militants, without providing evidence. It blames civilian deaths in Gaza on Hamas, saying it uses them as human shields when it fights in residential areas. Magdy reported from Cairo. Associated Press writers Melanie Lidman in Tel Aviv, Israel, Bassem Mroue in Beirut and Aamer Madhani aboard Air Force One contributed.

5 boats packed with Rohingya refugees approach Indonesia’s shores–Air Force By Yayan Zamzami & Niniek Karmini The Associated Press

ANDA ACEH, Indonesia—Indonesian authorities detected at least five boats packed tight with refugees approaching shores of Aceh province, officials said Thursday. The boats are the latest in a surge of vessels that have arrived in Aceh, most carrying Rohingya refugees from southern Bangladesh, where the persecuted Muslim minority fled in 2017 following attacks by the military in their homeland of Myanmar. Indonesia intensified patrols of its waters after a sharp rise in Rohingya refugees arriving since November, said Aceh’s Air Force Base Commander Col. Yoyon Kuscahyono. He said air patrols detected at least five boats Wednesday entering Indonesian waters, likely carrying Rohingya refugees. They were spotted entering the regencies of Lhokseumawe, East Aceh, Pidie, Aceh Besar and Sabang in north Aceh province. Indonesia appealed to the international community for help on December 12, after more than 1,500 Rohingya refugees arrived on its shores since November. Muslims comprise nearly 90% of Indonesia’s 277 million people, and Indonesia once tolerated such landings while Thailand and Malaysia pushed them away. But there has been a surge of anti-Rohingya sentiment in 2023, especially in Aceh, on the northern part of the island of Sumatra, where most end up landing. Residents accuse the Rohingya of poor behavior and creating a burden, and in some cases have pushed their boats away. With pressure growing on President Joko

Widodo’s government to take action, he said Indonesia will still help the refugees temporarily on a humanitarian basis. Indonesia, like Thailand and Malaysia, is not a signatory to the United Nations’ 1951 Refugee Convention outlining their legal protections, so is not obligated to accept them. However, they have so far all provided at least temporary shelter to refugees in distress. Indonesian Foreign Ministry spokesperson Lalu Muhamad Iqbal told reporters Wednesday that the government is willing to provide temporary shelters for Rohingya refugees “to give time for international organizations that have a mandate to handle this matter, especially UNHCR, to able to carry out their obligations.” About 740,000 Rohingya were resettled in Bangladesh after fleeing their homes in neighboring Myanmar to escape a brutal counterinsurgency campaign carried out in 2017 by security forces. Accusations of mass rape, murder and the burning of entire villages are well documented, and international courts are considering whether Myanmar authorities committed genocide and other grave human rights abuses. The Muslim Rohingya are largely denied citizenship rights in Buddhist-majority Myanmar and face widespread social discrimination. Efforts to repatriate them have failed because of doubts their safety can be assured. Most of the refugees leaving by sea attempt to reach Muslim-majority Malaysia, east of Aceh across the Malacca Strait, in search of work. The Associated Press journalists Andi Jatmiko and Dita Alangkara in Jakarta, Indonesia, contributed to this report.

A14 Friday, December 22, 2023 • Editor: Angel R. Calso

Opinion BusinessMirror

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editorial

Helping Pinoys navigate the path to global trade

ecoming an exporter is a challenging endeavor that offers growth, expansion, and a gateway to the global market. However, navigating the path to global trade is not for the faint of heart. It requires perseverance, strategic planning, adaptability, and a deep understanding of the intricacies involved. On top of these, it requires substantial upfront investments in production, packaging, and marketing, among other expenses. To succeed as an exporter, you have to be good at organizing transportation, shipping, and distribution networks to ensure timely delivery of your products to international markets. You must also have a deep understanding of your target market and your competitors. Remember, exporting goods involves complying with a boatload of regulations, both domestic and international. Navigating the complex legal frameworks, export controls, licensing requirements, and documentation processes can be overwhelming. You also need to stay updated with evolving international trade regulations, and invest in market intelligence to identify emerging opportunities. You have to be well versed in customs procedures, trade agreements, tariffs, and export restrictions to ensure compliance and avoid penalties. No wonder, only seven percent of 28,000 entrepreneurs studying under the training arm of the Department of Trade and Industry applied to become exporters. “Among our potential exporters, including those in the Halal industry who have acquired certification, maybe over 200 of them have acquired food safety standards and certification,” said Executive Director Nelly Nita N. Dillera of the Philippine Trade Training Center (PTTC). (Read the BusinessMirror report, “Traders shun exports path due to state requirements,” December 18, 2023) Of the 200 would-be exporters among the small enterprises trained by the PTTC, most of them are willing to go into the food sector, which Dillera deems as the “strength” of Philippine exporters. For 2023, the PTTC is targeting to teach 30,000 micro, small and medium-sized enterprises (MSMEs). As of November, Dillera said they have trained around 28,000 small enterprises. The PTTC’s Global MSME Academy is the dedicated Center for the administration, development and conduct of trade-related training and management of facilities to support the requirements of globalizing industries and services, most especially MSMEs. The export-oriented training program is the highest level of PTTC’s classification. However, Dillera noted the difficulties of becoming an exporter. “Many of them do not want to become exporters, because it’s difficult. So what we want them to be is to become suppliers to existing exporters; like sub-contracting, supplier of raw materials, or basic items that can be put together for export,” she said. “So they don’t have to go through the nitty-gritty of exporting.” Dillera cited documentation and demand requirements as some of the difficulties faced by potential exporters. One possible way to surmount this challenge is for PTTC to seek the help of industry experts, consultants, and trade organizations specializing in export documentation and demand requirements. These experts can provide valuable insights, assist in navigating legal complexities, and offer guidance on market-specific demand requirements, thereby reducing the challenges faced by our potential exporters.DTI-Export Marketing Bureau Director Bianca Pearl R. Sykimte recently said that nearly 4,000 exporters have stopped shipping their products to other countries in the last five years. Without timely support from the government, there’s a possibility that more of them will abandon the export boat. That’s because our exporters are currently facing several challenges, which include rising input costs, intensified competition from other exporting countries, disruptions in global supply chains, and global economic slowdown. On top of the intensive training being provided by the PTTC, the government can help our exporters in several ways. It can provide financial assistance in the form lowinterest loans, which can be used for market research, product development, marketing and promotion, and other export-related activities. It can support small and medium-sized exporters by helping them form export groups or clusters, where they come together to pool resources, share knowledge, and collaborate on joint export activities. The government can also focus on R&D programs specifically aimed at supporting export-oriented industries. The goal is to encourage innovation, product development, and the adoption of new technologies that enhance the competitiveness of Philippine exports. By investing in R&D, the government can help exporters meet evolving market demands and stay ahead of the competition. These are just some examples of what the government can do to help the Philippine export sector grow. Helping more traders navigate the path to global trade is an ideal way to help stimulate the country’s economic growth.

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Shortages in data, and not only food, plague Philippine agriculture By Raul Montemayor

ecent years have seen wild swings in the supply and prices of food. For a while, onion prices jumped seven-fold. At another time, farmers were forced to dump their tomato harvests due to the lack of buyers. Food prices have been blamed for the spike in inflation rates, with the government often caught flat-footed and left to react to crises instead of anticipating and preventing them. In many instances, this can be traced to the lack of accurate and timely data, which has led to poor program design, faulty planning, and delayed decision-making. Our recurrent problems with rice supply and prices are a case in point. In 2021, PSA placed the beginning (January 1) rice inventory at 2.332 million tons. If we add the domestic output of a little over 13 million tons in rice equivalent and imports of almost 3 million tons, total available supply during the year reached some 18.4 million tons. PSA then reported that, by December 31, the country had only 1.86 million tons of rice left, which means we had used up around 16.5 million tons. After deducting the quantity utilized for seeds, animal feeds, industrial purposes, and allowance for wastage, we can conclude that around 14.9 million tons were consumed as food. This outcome should have immediately raised eyebrows. The derived food usage of 14.9 million tons meant that each Filipino ate an average of 135 kilos of rice in 2021, significantly more than the per capita consump-

tion figure used by the Department of Agriculture (DA) of 119 kilos. This apparent discrepancy was never explained; nor was the PSA’s ending inventory figure for 2021 adjusted. It thus became the official beginning inventory for 2022, which resulted in an even more perplexing statistical anomaly during the year. Compared to 2021, total available supply was higher in 2022 despite a slight dip in production, mainly because imports ballooned to 3.8 million tons. Yet, PSA placed the 2022 ending inventory at only 1.85 million tons, or practically the same as at the end of 2021. Where did all the excess supply go? When asked to clarify its figures, PSA insisted that its inventory estimate was correct, give or take a small margin for errors. It added that its figures assumed that each Filipino consumed about 110 kilos of rice during the year. If we take this as a given, then either consumption increased or production went down. It is highly unlikely that per capita consumption increased in 2022, given the relatively high rice prices during the year. At most, total consumption would have grown by only about 1.5 percent, equal to the population growth rate, or by around

200,000 tons. The only possible explanation therefore lies in the production estimates. Our computations show that the only way we could have ended 2022 with 1.85 million tons is if production in rice equivalent was only 9.7 million tons, and not 12.9 million tons as reported by PSA. This implies that palay production actually dropped by a whopping 5 million tons, or by 25 percent, in 2022. Even if we use the DA’s higher per capita consumption figure of 119 kilos, palay production would still end up lower than the PSA estimate by 3.2 million tons. Some industry players are not discounting this possibility. They note that imports of major fertilizer grades declined by around 30% during the year, as prices more than doubled. Farmers would presumably have drastically reduced fertilizer usage. But PSA reported a mere 1 percent drop in production and yield during the year. If production actually fell in 2022, then we—and the government— have been working with the wrong figures all along. And it is possible that the rice crisis we experienced in August and September this year arose from this overestimation of local production—which led to a distorted picture of actual rice supply in the market. More disturbingly, it implies that the billions we have poured into the rice industry these past few years have not significantly increased farmers’ productivity and competitiveness. As a result, we have become more dependent on imports for our

basic staple, and more vulnerable to disturbances in international markets over which we have little control. The data discrepancies will continue to haunt us until we firm up our figures and improve our data collection system. Only recently, the DA claimed that we will end 2023 with a stock level good for 90 days, or about 3.3 million tons. This is 78 percent higher than the ending inventory in 2022. How could we end up with more rice at the end of 2023 when production is estimated to be only slightly higher while imports declined significantly due to high international prices? Information is indispensable for proper analysis, planning and decision-making. We cannot properly address our recurrent food shortages and problems if we continue to have a shortage in timely, correct and meaningful data. Given its wide mandate, the PSA probably needs additional manpower and technical expertise to implement a dedicated agricultural data collection system. Within the DA, a system must be set up to gather and link data from different agencies and programs and to process these into meaningful and timely information for program implementors and policy makers. The private sector can contribute to this effort by providing regular feedback to check the accuracy of the data generated by the system. Raul Montemayor is the National Manager of the Federation of Free Farmers Cooperatives, Inc. (FFFCI), a nationwide federation of agricultural cooperatives.

Argentina’s president announces economy deregulation as thousands protest against austerity By Débora Rey & Almudena Calatrava The Associated Press

UENOS AIRES, Argentina—President Javier Milei announced sweeping initiatives Wednesday to transform Argentina’s struggling economy, including easing government regulation and allowing privatization of state-run industries as a way to boost exports and investment.

The right-wing libertarian announced the moves for South America’s second biggest economy just hours after thousands of Argentines took to the streets of the capital to protest against austerity and deregulation actions taken last week by Milei. The demonstrations went off relatively peacefully, after a government warning against blocking streets. Around the start of the protest, which drew thousands of marchers, police briefly scuffled with some demonstrators and two men were

arrested. But the event concluded without widespread street blockages that have been frequent in past years. Undeterred by the protest, Milei afterward announced the measures in a televised address to the nation. “The goal is start on the road to rebuilding our country, return freedom and autonomy to individuals and start to transform the enormous amount of regulations that have blocked, stalled and stopped economic growth in our country,” Milei said.

The approximately 300 changes would earmark many government companies for privatization, and loosen protections for renters, employees and shoppers. The approximately 300 changes would earmark many government companies for privatization, and loosen protections for renters, employees and shoppers. After the announcement, people in some neighborhoods of Buenos Aires banged pots to show their disapproval. “Cacerolazos”—noisy anti-government protests in which people bang casserole pots—have been symbolic in Argentina in recent years when people want to express their anger. Milei’s administration had said it will allow protests, but threatened to cut off public aid payments to anyone who blocks thoroughfares. Marchers

were also forbidden to carry sticks, cover their faces or bring children to the protest. Marchers set out toward Buenos Aires’ iconic Plaza de Mayo, the scene of protests dating back to the country’s 1970s dictatorship. Police struggled to keep demonstrators from taking over the entire boulevard, and in the end many kept to the sidewalks and filled about half the plaza. Eduardo Belliboni, one of the march’s organizers, said demonstrators faced “an enormous repressive apparatus.” Belliboni’s left-wing Polo Obrero group has a long history of leading street blockages. Toward the end of the demonstration, organizers called on the country’s trade unions to declare a general strike. Today’s was Milei’s first test of how his administration would respond to demonstrations against See “Argentina’s,” A15

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Opinion

China’s budget shift risks Not a room at the inn local officials ‘lying flat’ By Bloomberg News

hina’s central government is borrowing more to help diffuse a $9.3 trillion time bomb in hidden local debt. The resulting shift in fiscal power has its own risk: demotivating regional officials.

Beijing’s rare decision to issue 1 trillion yuan ($137 billion) of central debt, and transfer the funds to local governments, was hailed in October as a relief for struggling provinces. That move came as China clips the borrowing ability of local authorities, including by banning the creation of the financing vehicles that allowed off-balance debt to spiral. Some analysts see that strategy as the beginning of a revamp of the inter-government debt structure. The overall result could diminish the fiscal discretion of local leaders and weaken their drive to enact new policies. “Long-term dependence on the central government will stifle local governments’ aspiration to develop the local economy and society in innovative ways,” said Le Xia, chief Asia economist at Banco Bilbao Vizcaya Argentaria SA. “That’ll do no good to the prosperity of the economy.” Bureaucratic inaction would make it harder for President Xi Jinping to achieve his goal of growing China into a “medium-developed country” by 2035. Some economists estimate that requires the economy to expand 4.7 percent on average each year until then—an ambitious target.

Protracted struggle

The balance of fiscal power has oscillated between the central and local governments for decades. In the mid-1990s, then-Vice Premier Zhu Rongji reined in provinces’ ample taxation powers—which had earlier been given as an incentive to develop their economies—in a bid to replenish central coffers. After the global financial crisis hit in 2008, Beijing was forced to pivot, calling on regional officials to fund a massive stimulus program reliant on infrastructure investment. That led to a big increase in off-balance sheet debt by the companies that borrow on behalf of provinces and cities to finance such campaigns. That growth model has become unsustainable: Local governments can no longer depend on land sales to service their debts—both official and hidden—as the nation’s property market crisis deepens. LGFVs in some regions have teetered on the verge of default in recent years. Swinging the pendulum back in the central government’s favor, however, risks stripping agency from local officials who know their economies best. A tendency to do less to avoid making mistakes is already an issue in China’s vast bureaucracy as Xi’s anti-corruption campaign rolls on. Last year, then-Premier Li Keqiang warned annual growth risked slipping out of a reasonable range if officials didn’t take decisive actions to fix Covid Zero-related problems, such as supply chain blockages. A county in Lishui city in east China gave three government agencies a “Lying Flat Award” at an official gathering last year, shaming them for administrative inaction, local media reported. Inner Mongolia’s agriculture and husbandry department is handing out “Snail Awards” to officials who flunk performance reviews.

Support needed

Beijing’s pledge to unleash more sovereign bonds to fund disaster

Argentina’s . . . continued from A14

economic shock measures, which he says are needed to address Argentina’s severe crisis. The steps include a 50 percent devaluation of the Argentine peso, cuts to energy and transportation subsidies, and the closure of some government ministries. They come

A national property tax could replace land sales as a major source of local revenue. But that levy is deeply unpopular with the nation’s powerful middle class, and weak consumer demand dragging on growth makes it unlikely such a policy will be implemented anytime soon. relief—in effect, an infrastructure spending program—indicated the government’s efforts to create more sustainable sources of local income may have stalled. A national property tax could replace land sales as a major source of local revenue. But that levy is deeply unpopular with the nation’s powerful middle class, and weak consumer demand dragging on growth makes it unlikely such a policy will be implemented anytime soon. Discussions on revamping consumption taxes to allow provinces to take a share have also resulted in little change. “Reforms to increase the main types of taxes for local governments have hit snags,” said Jia Kang, a former head of a research institute under the Ministry of Finance. “It’s currently impossible for the local tax regime to provide a stable source of income for regions to sort out their problems.” Top leaders at a major annual economic conference last week called for “reform of the fiscal and tax system,” without elaborating. That statement stoked expectations Beijing could be mulling plans to restructure the central-local relationship. “A key part of the new round of fiscal system reform could be for the central government to bear a larger share of the budget deficit, as well as more spending responsibilities,” said Jacqueline Rong, chief China economist at BNP Paribas SA. China may need to set its budget deficit at a level above 3 percent of gross domestic product next year, the state-run Securities Times reported Thursday, citing economists. The central government may need to take on more of the borrowing, the report said, adding that the quota for local governments to issue debt through special bonds may remain unchanged from 2023 at 3.8 trillion yuan. Beijing’s increased sway could help it drive through big reforms, previously held back by regional resistance. Bringing provincial pension systems into a national pool, for example, would serve Xi’s common prosperity push to narrow the wealth gap. “The central government can use transfer payments to address uneven developments and fiscal power among regions,” said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered Plc. Beijing could also push regional leaders to solve problems such as weak consumer spending at their own expense. While local governments face enormous cash flow pressures, they still hold assets worth as much as 20 percent to 30 percent of China’s GDP, according to Michael Pettis, a finance professor at Peking University. Bloomberg amid soaring inflation and rising poverty. Protesters “can demonstrate as many times as they want. They can go to the squares...but the streets are not going to be closed,” Milei’s security minister, Patricia Bullrich, told local media. Bullrich announced a new “protocol” to maintain public order that allows federal forces to clear people blocking streets without a judicial

Tito Genova Valiente

annotations

ong before Christmas trees, Santa Claus and fruitcakes invaded the cultural landscape of this country, there were ways of observing the season that may not be familiar to most of us now. These were the folk rituals that appropriated the Christian narrative of the Son of God born to Mary and Joseph. Whether it was a matter of evangelization, the practices that have remained extant up to these days reveal what the colonizers saw in us. Thus, one of the most dramatic Christmas rites developed by our great-great grandparents involved the valuation of home. This was the folk practice called “Panunuluyan,” which in Bikol region has become the “Cagharong” or “Pagcagharong.” In Panunuluyan, Mary and Joseph are depicted as having arrived at Bethlehem for the census. As the story goes, Mary is about to give birth already and Joseph, the husband, has her comfort and safety uppermost in his mind. They need a place to stay and, we forget one detail, a midwife to assist Mary in that most delicate situation. As the word Panunuluyan indicates, there is the word “tuloy” embedded in it – the concept that in homes one must be told to come in, “tumuloy,” for one to feel welcome. No one just enters a home; one must be permitted to do so. In this story, which will form the core of the Nativity, Joseph and Mary are refused entrance to any home because there is no room at the inn. Imagine the cold night then. Think of self-pity coming from Mary and Joseph; they are human beings after all with emotions. Consider the ego and pride of the husband, Joseph, because he is not able to provide help to his wife. The only thing going for Joseph is that there are no in-laws to issue strong words against him. Nor

are there their townmates to ridicule them, or spread rumors about them. Finally, they end up in a stable. There are many versions to this account. One brings into the picture an owner, kind to a point, who offers them a space for animals that is at the back of the inn. In more cinematic presentations, the inn becomes a cave used as a stable for sheep, horses, and cows. To St. Francis of Assisi whose reimagining of the first Christmas is attributed the introduction of the creche (literally, crib), there is the manger. In more graphic illustrations of this event, the water or feeding troughs for animals is covered with hays and over them the cape of Joseph to serve as a soft layer for the baby to lie on. What happens next is magical: the first to know the birth of the Messiah are the poor shepherds, the lowliest of the lowly. What a compelling lesson this must have been for our ancestors as they listen to the original tale of Christmas. In the Bikol version of this folk

Friday, December 22, 2023 A15

ritual, the singing is extended and the melody is plaintive, almost dolorous, as the Pasyon chanting. The word “Cagharong” addresses the owner of the home, the “harong”; the “Pagcagharong” shows how the action of knocking at the door of the homeowner becomes part of the name of the rites. Comparing the melody of the Cagharong to the joyous and upbeat music of Western Christmas music, the local ritual emphasizes the sentiment of poverty, endurance, and humility. How does a husband feel if his wife has been walking for miles and, upon entering a town, finds out there is no room at the inn? What strength

can Joseph summon to face Mary as they set up a stable for the greatest story ever told? I remember coming home to our new place in Naga one December. Unfamiliar with the neighbors, I

woke up very early the next day and in the midst of the fog that covered the lot in front of us, I saw two children gathering “kangkong.” They were surprised to see me looking at them and whereupon, they came near our gate to seek permission to gather those vegetables. I do not remember responding to them. It was Christmas and here were two children, siblings I believe, who took advantage of the hours so that they could gather the lowly food on Christmas day. That night, I stayed on the porch again to watch if they would come back, as I told them to. They did not. But from afar I could see a fire coming from a tiny hut. It was a warm light, and then it blazed. I could see some movement. Were they cooking something? Were they trying to bring some warmth into that box of a home? Every Christmas, I always marvel at the drama that unfolds from the arrangement on the mantel of that scene in the cave. The design is cozy: Mary looks safe and Joseph is a strong counterpoint in the background. Then there is the infant, unsullied, not bothered at all. It seems to know where this story is heading. The cows and horses have friendly faces. If the family budget allows, then there are the Three Kings, full of majesty and wisdom. A huge star leads all our vision to the birth. Everything is alright with the world. Peace on Earth and Goodwill to all men and women. We had forgotten how some hours back, there was no room at the inn. E-mail: titovaliente@yahoo.com

UN is seeking to verify that Afghanistan’s Taliban are letting girls study at religious schools By Edith M. Lederer | The Associated Press

The Taliban have been globally condemned for banning girls and women from secondary school and university, and allowing girls to study only through the sixth grade.

UN special envoy Roza Otunbayeva told the UN Security Council and elaborated to reporters afterward that the United Nations is receiving “more and more anecdotal evidence” that girls can study at the schools, known as madrassas. “It is not entirely clear, however, what constitutes a madrassa, if there is a standardized curriculum that allows modern education subjects, and how many girls are able to study in madrassas,” she said. The Taliban have been globally condemned for banning girls and women from secondary school and university, and allowing girls to study only through the sixth grade. Taliban education authorities “continue to tell us that they are working on creating conditions to allow girls to return to school. But time is passing while a generation of girls is falling behind,” Otunbayeva said. She said that the Taliban Ministry of Education is reportedly undertak-

ing an assessment of madrassas as well as a review of public school curriculum and warned that the quality of education in Afghanistan “is a growing concern.” “The international community has rightly focused on the need to reverse the ban on girls’ education,” Otunbayeva said, “but the deteriorating quality of education and access to it is affecting boys as well.” “A failure to provide a sufficiently modern curriculum with equality of access for both girls and boys will make it impossible to implement the de facto authorities’ own agenda of economic self-sufficiency,” she added. A Human Rights Watch report earlier this month said the Taliban’s “abusive” educational policies are harming boys as well as girls. The departure of qualified teachers, including women, regressive curriculum changes and an increase in corporal punishment have led to greater fear of going to school

and falling attendance, the report said. Because the Taliban have dismissed all female teachers from boys’ schools, many boys are taught by unqualified people or sit in classrooms with no teachers at all, it said. Turning to human rights, Otunbayeva said that the key features in Afghanistan “are a record of systemic discrimination against women and girls, repression of political dissent and free speech, a lack of meaningful representation of minorities, and ongoing instances of extrajudicial killing, arbitrary arrests and detentions, torture and ill-treatment.” The lack of progress in resolving human rights issues is a key factor behind the current impasse between the Taliban and the international community, she said. Otunbayeva said Afghanistan also faces a growing humanitarian crisis. With Afghans confronting winter weather, more people will depend on humanitarian aid, but with a drop in funding many of the

needy will be more vulnerable than they were a year ago, she said. UN humanitarian coordinator Ramesh Rajasingham said that “humanitarian needs continue to push record levels, with more than 29 million people requiring humanitarian assistance—one million more than in January, and a 340 percent increase in the last five years.” Between January and October, he said, the UN and its partners provided assistance to 26.5 million people, including 14.2 million women and girls. But as the year ends, the UN appeal is still seeking to close a $1.8 billion funding gap. Rajasingham said the humanitarian crisis has been exacerbated by three earthquakes in eight days in October in the western province of Herat that affected 275,000 people and damaged 40,000 homes. A further problem is the return of more than 450,000 Afghans after Pakistan on November 1 ordered “illegal foreigners” without documentation to leave, he said. More than 85 percent of the returnees are women and children, he said, and many have been stripped of their belongings, arrive in poor medical condition and require immediate assistance at the border as well and longer-term support.

order and authorizes the police to identify—through video or digital means—people protesting and obstructing public thoroughfares. It can bill them for the cost of mobilizing security forces. Some groups say the protocol goes too far and criminalizes the right to protest. Argentine labor, social and human rights groups on Tuesday signed a petition asking the United

Nations and the Inter-American Commission on Human Rights to intercede against the new public order procedures. The document says the security protocol is “incompatible with the rights to free assembly and association, freedom of expression and social protest” recognized by Argentina’s constitution. On Monday, the government announced that people who block

streets could be removed from the public assistance benefit lists if they are on one. In Argentina, some people receive social support directly from the government, but others get support through social organizations with direct links to federal offices. Milei’s administration says many of these groups use this as a way to force people to go out to protests in exchange for support

A recent poll by the University of Buenos Aires’ Observatory of Applied Social Psychology said 65 percent of those surveyed agree with banning street blockages. Milei, a 53-year-old economist who rose to fame on television with profanity-laden tirades against what he called the political caste, became president with the support of Argentines disillusioned with the economic crisis.

NITED NATIONS—The United Nations is seeking to verify reports that Afghanistan’s Taliban rulers are allowing girls of all ages to study at Islamic religious schools that are traditionally boys-only, the UN’s top official in the country said Wednesday.

A16 Friday, December 22, 2023

DOTr: Deadline still Dec. 31, but we’ll heed SC on PUVMP

By Lorenz S. Marasigan

@lorenzmarasigan

HE Department of Transportation (DOTr) will respect whatever decision the Supreme Court will hand down on the petition of Piston and other transport groups for a temporary restraining order against the implementation of the Public Utility Vehicle Modernization Program (PUVMP). Transportation Secretary Jaime Bautista said the agency intends to keep the word of President Ferdinand Marcos Jr. to be firm on the deadline for industry consolidation set for December 31. However, it will also comply with any decision that the High Court issues on the matter. “We go with the wisdom of the President who decided to proceed with the PUV Modernization Program, but we will abide by the decision of the Supreme Court,” Bautista said in a Viber message. The petition, filed at the Supreme Court, targets various administrative issuances related to the full implementation of the PUVMP scheduled to begin next year.

These include DOTr Order No. 207011, Land Transportation Franchising and Regulatory Board (LTFRB) Memorandum Circulars, and LTFRB Memorandum Circulars that outline the processes for the mandatory consolidation of individual operators under transport cooperatives and corporations. One of the main contentions raised by Piston is that these issuances would eventually lead to the phaseout of traditional jeepneys from the roads starting on January 1, 2024. Such issuances lay down the processes for the mandatory consolidation of individual operators under transport cooperatives and corporations and the issuance of new franchises in favor of such entities as part of the PUVMP,

petitioners said. The petitioners, including Piston Chairman Mody Floranda, Bayan Muna Partylist Coordinator Gaylord Despuez, and other transport advocates, argue that these orders and circulars violate constitutional provisions, such as the right to freedom of association, due process, equal protection of laws, and the right to gainful employment and livelihood. They further assert that these administrative actions represent an invalid exercise of police power and a usurpation of legislative prerogative. Piston along with Manibela are holding a transport holiday to protest against the PUVMP. They are expected to hold the strike until December 29, with Manibela earlier saying that its members intend to spend Christmas protesting in front of Malacañang. Aside from PISTON, the other petitioners in the SC case are Bayan Muna Party-list Coordinator Gaylord Despuez, PARA-Advocates for Inclusive Transport member Edrich Samonte, No to PUV Phaseout Coalition of Panay member Elmer Forro, and Kmyut spokesperson Ma. Flora Cerna. Lawyer Diane Azores, who topped the Bar in 2019 and whose father is a jeepney driver, will lead a group of lawyers who volunteered to provide legal assistance to the petitioners.

The petitioners stressed that the orders and circulars are overly broad and infringe the constitutional freedom of association as these issuances force the drivers and operators to join an organization or cooperative. The Supreme Court, according to the petitioners, has repeatedly said that the right to join an association carries with it the right not to join. “Through the issuance of MC NO. 2023-051, the individual operators are being penalized for not joining an association. They are essentially left with no choice but to consolidate if they wish to keep their livelihood. This is gross and patent violation of the individual operators’ freedom of association as guaranteed by the Constitution,” the petition read. The petitioners described the orders and memorandum circulars as oppressive, overreaching and confiscatory as these will damage the livelihood of the drivers and operators, and even hurt commuters. They cited a 2020 study showing the price of modern PUJs ranged from P1.4 million to P1.6 million per unit in 2017. However, by 2020, the price had ballooned to between P2.5 million and P2.6 million. “The high unit prices translate to high amortization payments and compounded interests, thus, imposing an enormous financial burden on PUV operators and drivers,” the petitioners said.

ERIC JOSE CASTRO INES NAMED NEW ACTING CHIEF FOR MIAA By Patrick V. Miguel

IRPORT operations ex per t Eric Jose Castro Ines was appointed as the new Acting General Manager and Member of the Board of Directors of the Manila International A ir por t Aut hor it y (MIAA) by President Ferdinand Marcos Jr. Ines will be replacing former MIAA chief Cesar Chiong, according to a transmittal letter addressed to Department of Transportation (DOTr) Secretary Jaime Bautista and signed by Executive Secretary Lucas P. Bersamin. He has a Bachelor of Arts degree from the University of the Philippines, and finished A ir por t and A irline Management and Aviation Security studies at the Bailbrook College, School of Aviation in the United Kingdom. Ines served as the Senior Executive Assistant to the Secre-

tary of the Department of Local Government and Community Development (DLGCD) from 1973 to 1986. Following DLGCD, he worked as a trainee for Airline Operations at Gulf Air Manila for a year, and became the Senior Security Officer in Manila and Southeast Asia from 1988 to 1997. Ines was an airport station manager at the Gulf Air Manila from 1997 to 2006, and subsequently at the Etihad Airways from 2006 to 2017. For mer MI A A chief Chiong faced several charges and was found guilty of g rave misconduct, abuse of authority, but several business groups had earlier declared support for him, vouching for his integrity and competence. T hey e xpressed concern that his exit from the airport could further derail serious efforts to institute reforms in the premier gateway.

RADIATING FESTIVE JOY A house on Merced Street in Paco, Manila, transforms into a dazzling spectacle adorned with a myriad of Christmas decorations and lights. Drawing the attention of passersby and motorists alike, the vibrant display has become a cherished tradition for the residents. ROY DOMINGO

PPA suspends ship, shore-ex agents of Norwegian Cruises By Ma. Stella F. Arnaldo

@akosistellaBM Special to the BusinessMirror

HE Philippine Ports Authority on Thursday suspended the ship and cruise agents of Norwegian Cruise Line (NCL), following the reported chaotic disembarkation of the liner’s cruise passengers who arrived last November 30 in Manila. In a news statement, PPA said it has suspended the permits to operate (PTO) of Ben Line Agencies and TravelPeople Ltd. for 30 days, following its “thorough investigation” of the disorder reported by a cruise passenger on MV Norwegian Jewel. In a letter to TravelPeople on December 21 released to the media, PPA PMO National Capital Region South Port Manager Catherine Esto said the company did not present concrete plans on how to address the concerns of the cruise passenger regarding the disembarkation process. For his part, PPA General Manager Jay Santiago said in Filipino, the suspension period“will give the operators more time to review their processes to further improve their services and ensure that a similar incident does not recur.” He added: “This kind of incident is

unacceptable especially since there were pre-arrival meetings to prepare for the turnaround call, where about 2,300 passengers will disembark and 2,500 passengers will also board the cruise ship.” The PPA statement, however, failed to directly address the other complaints of the cruise passenger regarding government ports personnel not assisting to resolve the chaos at the terminal, as well as confusing inspections by authorities of passengers’travel documents. Santiago merely underscored the importance of the “shared accountability” between the various government agencies and private service providers in identifying possible deficiencies in handling cruise arrivals. The PPA official said various agencies will meet again to prepare for the arrival of a cruise ship that will dock at the Port of Manila on January 6, 2024, where more than 3,000 tourists are expected to disembark. With the suspension of Ben Line Agencies and TravelPeople, however, another agent or service provider to handle the cruise arrival will have to be selected, he said. “We will not allow this incident to happen again because it is embarrassing to those who visit the country,” Santiago stressed.

The Philippines was recently named Best Cruise Destination for 2023 in the recent World Cruise Awards. Santiago said the “PPA has been improving our ports to promote tourism. So our partners should also improve in servicing passengers.” Earlier, cruise passenger Nelson Terible detailed on Facebook his account of their arrival at Pier 15, South Harbor aboard the MV Norwegian Jewel on November 30. He noted the lack of porters, cramped conditions at the passenger terminal, and disorderly checking of travel documents by government authorities, including unscrupulous individuals preying on foreign tourists trying to get a ride from the port’s parking area. Following this, a tourism leader reiterated the need for a dedicated cruise port and terminal in Manila to accommodate cruise ships and ensure an organized transfer of passengers. However, tycoon Enrique K. Razon, whose company had proposed to the Duterte administration in 2018 the building of a cruise terminal behind Solaire Resort, is no longer sure about the project. (See, “Razon group holding off on cruise terminal pending market conditions,” in the BusinessMirror, December 21, 2023.)

Editor: Jennifer A. Ng

Companies BusinessMirror

Friday, December 22, 2023

Ivisan Windkraft project endorsed for ‘green lane’

By Andrea San Juan

@andreasanjuan

HE Board of Investments (BOI) announced last Thursday that it has endorsed its first offshore wind project for the “Green Lane for Strategic Investments,” five months after the scheme was launched last July and ten months after it was ordered established by President Ferdinand R. Marcos Jr. A statement it issued on December 21 read that Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo awarded the Green Lane Certificate of Endorsement to Ivisan Windkraft Corp. for its 450-megawatt (MW) Frontera Bay Wind Power Project in offshore Cavite. The project, with an initial cost of P81.675 billion, is targeted to operate within the term of President Marcos, according to the BOI.

The investment promotion agency also emphasized that the project will help the Philippines achieve its aim of producing 15.3 gigawatts (GW) of clean energy by 2030 as part of the Philippine Development Plan’s goal of having a “secure, reliable, and clean energy” mix. “These offshore wind turbines can also become a new tourist attraction especially when the proposed bridge linking Cavite and Bataan is finished,” according to the BOI.

According to the agency, the project is “fully aligned” with the administration’s goal of operating offshore wind turbines by 2028. Aside from the impact of having wind energy tourism, training and development will also be provided to neighboring communities, which could lead to growth in local business opportunities. “The project is beneficial for Filipinos, as it will create 2,700 jobs in its pre-development, development, and operational phases,” according to the BOI. The statement read that the Philippines has a “potential” offshore wind resource of 178 GW. “Large areas around the country’s coast have extractable wind sources. The BOI and its national government agency partners are working on developing an ecosystem for the offshore wind power industry,” the statement read. Rodolfo was quoted in the statement as saying that the government aims to develop the offshore wind industry value chain in the Philippines and “invite global offshore wind industry players to choose the Philippines as their hub in South-

east Asia.” “What we want to show is that the offshore wind industry has Filipinos around the world working as engineers, mariners, etc.,” Ivisan Windkraft Vice President Theo C. Sunico was quoted in the statement as saying. Sunico also said that developing the ecosystem in the country “aligns” with its goals of bringing OFWs [overseas Filipino workers] home and investing in the capabilities of the Filipinos. The “Green Lane for Strategic Investments” scheme was established through Executive Order 18, which was approved by the Office of the President on February 24. “Green lanes: aim to expedite, simplify, and automate the permit and license application processes for strategic investments. Operating as the sole entry point for these investments, the “OneStop Action Center for Strategic Investments” will expedite the processing of permits and licenses of the endorsed project, ensuring the fast realization of renewable energy investments in the country, the BOI noted.

Miner plans solar power source By Jonathan L. Mayuga @jonlmayuga

VI Resource Development Philippines Inc. (TVIRD) is considering clean energy sources to augment the power requirements in some of its mines, one of its executives said. “Plans include the establishment of a 5-megawatt (MW) solar power plant in our Siana gold mine as well as a 4-MW solar power plant in our Balabag gold and silver mine to augment the power supply requirements of both processing plants,” TVIRD Managing Director Michael G. Regino said. “And when technology becomes more affordable, TVIRD is also considering the installation of batteries to store the power generated by its solar plants,” he added. Regino bared the firm’s plans

Meralco promises continuous supply

HE Manila Electric Co. (Meralco) promised last Thursday uninterrupted electricity service and swift responses to customer concerns during the holiday season. According to Meralco Vice President and Head of Corporate Communications Joe R. Zaldarriaga, while Meralco Business Centers will observe closures on declared holidays such as December 25, 26, 30, and January 1, the company’s operations crews will remain on standby 24/7, even on Christmas Day. “We encourage our customers (7.8 million) to practice electrical safety for a bright and accident-free holiday celebration. Rest assured, contingency measures are in place and our crews are on standby ready to respond to any concern on our electricity service,” Zaldarriaga said. He also provided safety tips for customers to avoid any electricityrelated incidents during the holidays. Lorenz S. Marasigan

after its mining projects in Zamboanga del Sur and Surigao del Norte provinces were recognized by the industry at the 69th Annual National Mine Safety and Environment Conference (Anmsec) in Baguio City this month. In a statement, the firm said its Balabag Gold-Silver project and the Siana Gold Project by subsidiary Greenstone Resources Corp. brought home the Platinum Awards under the “Surface Mining” category during the Anmsec. Both companies received prestigious recognition at the yearly industry event organized by the Philippine Mine Safety and Environment Association (PMSEA), the firm’s statement read. “The level of teamwork across the ranks in both project sites has been nothing less of exceptional, especially on the community level

as they are our first line of defense with regard to safety and the environment. The TVIRD Group shares this honor with the rest of the industry—our colleagues who keep mining strong and keep our mine sites safe and sustainable for future generations,” Regino was quoted in a statement as saying. “Although Balabag is a young mine, it has shown its commitment by conducting responsible mining operations and received a Presidential Award early on,” TVIRD General Manager Deogracias P. Halog was quoted in the statement as saying. Balabag recorded 8.2 million safe man-hours with no lost time due to accidents in June. The Siana project, meanwhile, generated in the same month about 3.5 million safe manhours since recommissioning under TVIRD management.

As outlined in their respective Environmental Protection and Enhancement Plans (EPEP) and Environmental Compliance Certificates (ECC), both TVIRD Group companies have been advocating and implementing mitigating measures and enhancement activities with high standards to minimize the impacts of mining, according to the firm. To date, Balabag planted a total of 716,155 trees across its 569.78-hectare plantation while Siana planted 125,043 trees in its 111.10-hectare rehabilitation area—both achieving a forest density of over 1,000 trees per hectare, according to the firm. Also, in support of preserving critical species, Siana relinquished 81 hectares of its tenement area to the Diwata Mountain Ranges, according to the firm.

PLDT test of optical network successful

LDT Inc. announced last Thursday having successfully tested a 50G Passive Optical Networks (50G-PON), a new connectivity solution for home broadband. Arvin L. Siena, PLDT VP and Head of Network Strategy and Transformation, explained that 50G-PON technology promises to revolutionize Internet speeds by offering a staggering 50 Gigabits per second (Gbps) on each equipment port. This surpasses the capabilities of existing technologies like Gigabit PON (2.5 Gbps) and 10 Gigabit Symmetrical (XGS) PON (10 Gbps). “After successfully testing XGSPON in 2021, PLDT is taking it further by testing the latest and fastest technology in PONs called 50G-PON, which will allow five-times faster speeds than XGS-PON and 20 times faster speeds than GPON, which is the most widely used technology by fiber providers in the Philippines,” he said. PLDT, however, didn’t disclose how much it spent for the 50G-PON technology.

SEC throws out limit-rule in PSE ownership of PDS

Businessmirror file photo

By VG Cabuag @villygc

HE Securities and Exchange Commission (SEC) has approved the application of the Philippine Stock Exchange Inc. (PSE) for an exemptive relief in its acquisition of additional shares in the Philippine Dealing System (PDS) Holdings Corp. In its en banc meeting, the SEC has allowed the PSE to exceed the mandatory limit of 20 percent on ownership and voting rights in an exchange by an individual or an industry, granting it leeway to own up to 100 percent of the PDS group, the operator of the country’s bond exchange platform. The Regulator also approved the transfer of the shares of stock of an exchange controller, in order to allow the PSE to acquire PDS shares currently held by other PDS shareholders. The SEC directed PSE to submit the status of its negotiation on its acquisition of additional PDS shares every two months, including share offer price, among others. The PSE must also submit its operational and developmental plans and timeline in relation to the fixed income market. In addition, the PSE has been directed to submit regular updates, including updates on timelines of concrete plans, on its commitments, such as reduction in fees, valuation, enhancements of systems, and launch of new products every three months following the acquisition. Currently, the PSE owns 20.98 percent of the issued and outstanding capital stock of the PDS. The stock exchange intends to acquire up to 100 percent of the operator of the country’s sole fixed-income exchange, and eventually merge the two platforms—the equities and the fixed-income exchanges. The Securities Regulation Code

As of end-September, PLDT has a total fiber footprint exceeding 1.1-million cable kilometers. This includes over 0.2 million-cable kilometers of international fiber and approximately 0.9 million cable kilometers of domestic fiber. The reach of PLDT’s high-speed internet has extended to more than 17.3 million homes in 69 percent of the country’s municipalities and towns. Moreover, PLDT has a total of 6.15 million fiber ports, covering over 18,000 barangays nationwide. PLDT First Vice-President Eric S. Santiago said the company is com-

mitted to delivering solutions to its customers. “This latest milestone is a testament to the Group’s commitment to always be ahead in harnessing the best technologies and innovations to deliver enhanced services and elevated customer experience to the Filipino public,” Santiago said. “While we have been offering boosted speeds to our customers even before the pandemic, this new technology further ensures that we can provide the best and fastest service to homes nationwide.” Lorenz S. Marasigan

states that no person may beneficially own or control, directly or indirectly, more than five percent of the voting rights of the exchange and no industry or business group may beneficially own or control, directly or indirectly, more than 20 percent of the voting rights of the exchange. The SEC, however, may adopt rules, regulations or issue an order, upon application, exempting an applicant from the ownership limit if such ownership or control will not negatively impact on the exchange’s ability to effectively operate in the public interest. The PDS Group includes the Philippine Dealing and Exchange (PDEX) Corp., which was incorporated in 2003. The PDEX operates the organized secondary market for the trading of fixed-income securities issued by corporations, as well as the government. The PDEX also calculates the PDS Treasury Reference Rates, which form the basis for valuing and marking-to-market interest rate-sensitive instruments. In its initial submissions to the SEC, the self-regulatory organization committed to ensuring that the acquisition will operate in the public interest, as the resulting integration of the country’s equity and fixedincome exchanges would allow for the delivery of more efficient and more types of products, services and better risk management systems for financial services. The SEC directed PSE to submit and present a detailed, concrete and time-bound operational plan, which shall be subject to a separate review and approval by the SEC to ensure that the proposed integration of PSE and the PDS Group will lead to greater access to both fixed-income and equity products for retail investors, reduced cost of trading securities, and similar efficiencies and benefits for issuers and other market participants.

First Gen expects LNG arrival in Feb

F Businessmirror file photo

IRST Gen Corp. (PSE: FGEN) disclosed last Thursday it has tapped TotalEnergies Gas & Power Asia Private Ltd. (Tegpa) for the supply of one LNG cargo with a capacity of approximately 154,500 cubic meters. The delivery is scheduled for early February 2024 on a Delivered Ex Ship (DES) basis to FGEN’s wholly-owned subsidiary, First Gen Singapore Pte. Ltd. “The LNG cargo to be provided by Tegpa will be delivered by an LNG carrier, which will be unloaded into the storage tanks of the BW Batangas FSRU [floating storage regasification unit] that is currently berthed at the First Gen Clean Energy Complex [FGCEC] in Batangas City,” the firm’s disclosure to the Philippine Stock Exchange (PSE) read. This LNG will be utilized to power FGEN’s existing gas-fired plants within the FGCEC. FGEN issued the tender for

a second LNG cargo in October. Currently, FGEN has a portfolio of four gas-fired power plants with a combined capacity of 2,017 MW. These plants have traditionally been supplied with gas from the Malampaya field. FGEN has also constructed its Interim Offshore LNG Terminal Project and executed a five-year Time Charter Party for the charter of the BW Batangas, which will provide LNG storage and regasification services as part of the project. “The FGEN LNG Terminal will accelerate the ability to introduce LNG to the Philippines, to serve the natural gas requirements of existing and future gas-fired power plants of third parties and FGEN’s affiliates. FGEN believes the FGEN LNG Terminal will play a critical role in ensuring the energy security of the Luzon Grid and the Philippines,” the disclosure read. Lorenz S. Marasigan

Companies BusinessMirror

Friday, December 22, 2023

Ayala buys minority stake in pharma firm A By VG Cabuag

@villygc

across Northern Luzon. “The addition of Saint Joseph Drug to our portfolio is in line with our commitment to enhance accessibility and affordability of healthcare for Filipinos nationwide. Saint Joseph Drug, alongside our existing retail pharma brand, Generika Drugstore, will expand our capacity and footprint to distribute quality and affordable medicine to our countrymen,” AC Health President and CEO Paolo Maximo F. Borromeo said. “Together with our pharma importation businesses IE Medica and MedEthix, we will greatly enhance synergies and efficiencies within our pharmacy platform to further improve our products and ser v ices t hroughout our

YALA Healthcare Holdings Inc. (AC Health) announced having acquired a minority stake in north Luzon-based pharmaceutical company Joleco Resources Inc., which operates stores under the brand name “Saint Joseph Drug.”

T he def initive ag reements were signed last December 15 between Joleco and AC Health’s ph a r m aceut ic a l a r m, A HCHI Pharma Ventures Inc. (APV). Established in 1958 by Dagupan City-based pharmacist Jose

Cruz and wife Leila Lagman, Joleco has grown Saint Joseph Drug from a modest provincial drugstore with three employees and a 3.5-meter storefront into a leading regional pharmaceutical chain spanning over 112 stores

AC Health network,” Borromeo added. Joleco Chairman, President and CEO Socorro Dorotea L. Cruz a l so e x pressed “ent husi a sm” about the partnership. “ This partnership with AC Health marks a significant milestone in Saint Joseph Drug’s journey. We are proud to have established Saint Joseph Drug as a household name in Northern Luzon over the years, and we look forward to broadening our reach with AC Health,” Cruz said. AHCHI Pharma serves as the holding company for AC Health’s pharmaceutical businesses that are composed of Generika Drugstore, I.E. Medica and MedEthix, its pharmaceutical-goods importation and distribution arms.

PSE STOCK QUOTATIONS

KLAN-based Boracay Island Water Co. Inc. was feted in the 2023 “Energy Efficiency Excellence” (EEE) Awards of the Department of Energy (DOE), according to its parent firm Manila Water Philippine Ventures Inc. (MWPV). The water distribution networks operator earned the prestigious title in the Special Awards in the “EEE” category, specifically under the “Energy Efficiency Projects Implemented and Other Best Practices” subcategory, read a statement issued by the MWPV. The DOE EEE Award, an annual recognition program, acknowledges companies, projects, government sectors, and individuals for their exemplary best practices in energy efficiency. Notably, this achievement marks a historic milestone for MWVP as it clinches its very first award in this category. Through its energy policy, Boracay Water successfully implemented several operational efficiency measures, leading to a notable improvement in the energy use index in 2018-2022 of 0.54 kiloWatthour cubic meters (kWh/cu.m) to 0.44kWh/cu.m, and substantial energy savings of 1.4million kWh in 3 years equivalent to a cost avoidance of $248,214 or P13.9 million. The business units’ average annual savings is at 467,092 kWh per year equivalent to 17 percent reduction from the baseline energy consumption while the average annual cost avoidance is at $82,679 or P4.63 million/yr equivalent to 19 percent of the baseline energy cost, according to the MWVP.

Among the energy efficiency initiatives of the Tourism Infrastructure and Enterprise Zone Authority (Tieza) concessionaire are the management of the Manoc-Manoc reservoir water level, adjustment of Variable Frequency Drive (VFD) frequency settings, water supply diversion for reduced energy consumption, and optimization of its pumping station operations, the firm added. “While much can still be done on energy efficiency and sustainability, this award is a validation that we are on the right track. We will continue our aggressive drive to pursue responsible energy use and sustainability,” Boracay Water General Manager Adrian Bryan M. Magallanes was quoted in the statement as saying. “Sustainability is a shared responsibility, and our journey begins with energy efficiency as the initial step toward achieving ‘Net Zero.’ Each of us holds the power to make a difference and create a positive impact,” Manila Water Co. Chief Operating Officer for NonEast Zone Philippines Melvin John M. Tan was quoted in the statement as saying. “This achievement highlights the exceptional nature of Tieza’s collaboration with Manila Water in Boracay,” Tieza COO Mark T. Lapid was quoted in the statement as saying. “Through Manila Water’s world-class, energy-efficient operations and extensive experience, we are able to provide significant benefits to our customers and contribute positively to environmental initiatives.” Jonathan L. Mayuga

MUTUAL FUNDS

December 21, 2023

NAV

One Year Three Year

Five Year

Y-T-D

per share Return*

Return

Stock Funds ALFM Growth Fund, Inc. -a

212.96

3.37%

-2.64%

-3.57%

-0.3%

2.13%

1.4561

11.4%

2.93%

0.36%

1.78%

8.32%

ATRAM Philippine Equity Opportunity Fund, Inc. -a 2.9854

4.05%

-2.24%

-5.42%

-2.1%

Climbs Share Capital Equity Investment Fund Corp. -a 0.6933

1.99%

-5.46%

-5.14% n.a

First Metro Consumer Fund, Inc. -a

-6.72%

-5.63% n.a

-3.98%

-2.55%

-2.58%

0.23%

ATRAM Alpha Opportunity Fund, Inc. -a

0.6228

-2.95%

First Metro Save and Learn Equity Fund, Inc. -a 4.66071.87%

-0.22%

First Metro Save and Learn Philippine Index Fund, Inc. -a 0.69660.9%

-3.54% n.a n.a

MBG Equity Investment Fund, Inc. -a

84.19

12.4%

-6.3%

-6.9% n.a

PAMI Equity Index Fund, Inc. -a 43.3579

2.07%

-3.15%

-2.76% n.a

0.39%

Philam Strategic Growth Fund, Inc. -a

452.59

3.02%

-3.02%

-2.75%

-0.2%

1.85%

1.1993

5.54%

0.33%

-1.12% n.a

2.06%

Philequity Fund, Inc. -a

3.59%

-1.28%

-1.73%

1.59%

1.98%

Philequity MSCI Philippine Index Fund, Inc. -a 0.87715.02%

-1.91% n.a n.a

Philequity PSE Index Fund, Inc. -a

4.5565

3.03%

-2.28%

-1.94%

1.4%

1.35%

Philippine Stock Index Fund Corp. -a

758.07

2.91%

-2.45%

-2.02%

1.42%

1.22%

0.6937

4.5%

-1.85%

-4.41% n.a

2.91%

Sun Life Prosperity Philippine Equity Fund, Inc. -a 3.3933

2.33%

-2.78%

-3.75%

-0.33%

Sun Life Prosperity Philippine Stock Index Fund, Inc. -a 0.8597 2.57%

-2.76%

-2.32% n.a

Soldivo Strategic Growth Fund, Inc. -a

United Fund, Inc. -a

3.1145

2.35%

-2.59%

-2.51%

0.7%

-0.64%

11.78%

Philequity Dividend Yield Fund, Inc. -a 33.9533

2.42% -0.86%

3.33%

0.6% 0.92%

0.67%

Primarily invested in Peso securities (units) COL Equity Index Unitized Mutual Fund, Inc. -a 1.06612.58% n.a n.a n.a

0.94%

COL Strategic Growth Equity Unitized Mutual Fund, Inc. -a,2 1.0117 n.a n.a n.a n.a n.a Philequity Alpha One Fund, Inc. -a

1.0133

-1.13%

-2.83% n.a n.a

-3.16%

Philippine Stock Index Fund Corp. -a

920.21

2.86% n.a n.a n.a

1.17%

Exchange Traded Fund (shares) First Metro Phil. Equity Exchange Traded Fund, Inc. -a,c102.95143.53% -2.06%

-1.71%

2.11%

1.81%

Primarily invested in foreign currency securities (shares) ATRAM AsiaPlus Equity Fund, Inc. -b

-5.11%

-12.3%

-2.28%

-1.64%

Sun Life Prosperity World Voyager Fund, Inc. -a $1.6477

$0.8094

15.82%

-0.46%

7.72% n.a

-5% 15.71%

Balanced Funds Primarily invested in Peso securities (shares) ATRAM Dynamic Allocation Fund, Inc. -a 1.5287

5.79%

-3.17%

-1.67%

-1.32%

2.96%

ATRAM Philippine Balanced Fund, Inc. -a 2.2392

8.37%

-1.07%

0.2%

0.62%

6.36%

First Metro Save and Learn Balanced Fund, Inc. -a 2.5065

1.04%

-1.93%

-0.35%

-0.71%

First Metro Save and Learn F.O.C.C.U.S. Dynamic Fund, Inc. -a 0.1899

0.11%

-1.86% n.a n.a

0.04%

-1.86% NCM Mutual Fund of the Phils., Inc. -a

1.943

0.62%

-0.66%

0.95%

1.68%

PAMI Horizon Fund, Inc. -a

3.5779

4.44%

-2.15%

0.12%

0.9%

4.01%

Philam Fund, Inc. -a

15.6576

3.32%

-2.84%

-0.44%

0.53%

3.42%

Solidaritas Fund, Inc. -a

2.041

3.26%

-1.14%

-0.45%

1.25%

2.74%

2.97%

Sun Life of Canada Prosperity Balanced Fund, Inc. -a 3.4221

3.59%

-1.79%

-1.43%

0.09%

Sun Life Prosperity Dynamic Fund, Inc. -a 0.9071

0.19%

-0.51% n.a

3.21%

4.37%

2.78%

Primarily invested in Peso securities (units) Sun Life Prosperity Achiever Fund 2028, Inc. -a 0.94243.62%

-2.89% n.a n.a

2.97%

Sun Life Prosperity Achiever Fund 2038, Inc. -a 0.85243.42%

-4.03% n.a n.a

2.01%

Sun Life Prosperity Achiever Fund 2048, Inc. -a 0.83122.58%

-4.32% n.a n.a

1.06%

Primarily invested in foreign currency securities (shares) Cocolife Dollar Fund Builder, Inc. -a $0.03313

1.91%

PAMI Asia Balanced Fund, Inc. -b$0.8914 -0.65%

-5.36%

-1.2%

0.18%

2.25%

-8.19%

-0.93%

-1.08%

6.12%

Sun Life Prosperity Dollar Advantage Fund, Inc. -a $4.2578

10.29%

-1.89%

4.73%

Sun Life Prosperity Dollar Wellspring Fund, Inc. -a $1.0336

5.61%

-3.95%

1.35% n.a

3.02%

10.71% 6.38%

Bond Funds Primarily invested in Peso securities (shares) ALFM Peso Bond Fund, Inc. -a 390.19

1.71%

2.6%

2.22%

ATRAM Corporate Bond Fund, Inc. -a

1.9079

1.57%

0.15%

0.54%

0.01%

1.77%

Cocolife Fixed Income Fund, Inc. -a

3.3252

3.34%

3.08%

1.16%

2.31%

3.22% 3.78%

3.62%

Ekklesia Mutual Fund, Inc. -a 2.2817

4.72%

-0.19%

1.38%

1.39%

4.41%

First Metro Save and Learn Fixed Income Fund, Inc. -a 2.4563

2.51%

0.08%

2.15%

Philam Bond Fund, Inc. -a

-2.42%

1.89%

0.87%

3.9%

4.3015

2.89%

1.2%

Philam Managed Income Fund, Inc. -a

1.3712

3.71%

1.29%

3.04%

1.76%

3.92%

Philequity Peso Bond Fund, Inc. -a

4.0309

4.01%

0.34%

2.86%

1.61%

4.19%

Soldivo Bond Fund, Inc. -a

2.87%

0.32%

3.3% n.a

3.19%

Sun Life of Canada Prosperity Bond Fund, Inc. -a

1.049

3.3086

4.81%

1.16%

3.67%

2.16%

Sun Life Prosperity GS Fund, Inc. -a

4.07%

0.36%

2.82%

1.5%

4.24%

1.7676

2.73%

5.18%

Corporate Debt Vehicle (units) ATRAM Unitized Corporate Debt Vehicle, Inc. -a,3

1.0058 n.a n.a n.a n.a n.a

Primarily invested in foreign currency securities (shares) ALFM Dollar Bond Fund, Inc. -a $494.53

3.04%

0.76%

ALFM Euro Bond Fund, Inc. -a Є213.72

1.82%

-0.83%

2.53%

0.09%

0.84%

1.93%

-6.56%

-1.56%

0.15%

First Metro Save and Learn Dollar Bond Fund, Inc. -a $0.0247 3.78%

-2.32%

-0.16% n.a

ATRAM Total Return Dollar Bond Fund, Inc. -b$1.03982.79% PAMI Global Bond Fund, Inc. -b$0.8551 Philam Dollar Bond Fund, Inc. -a

-1.71% $2.3064

Philequity Dollar Income Fund, Inc. -a $0.0608885

-7.83%

1.99%

3.01%

-3.73%

-3.1%

-4.99%

5.61%

-3.03%

1.22%

1.96%

5.8%

1.54%

-0.78%

1.34%

1.6%

1.99%

2.52%

-4.26%

-0.35%

0.64%

Sun Life Prosperity Dollar Abundance Fund, Inc. -a $2.8181

4.22%

3.55%

Money Market Funds Primarily invested in Peso securities (shares) ALFM Money Market Fund, Inc. -a 136.75

2.73%

1.77%

2.52%

2.04%

2.63%

First Metro Save and Learn Money Market Fund, Inc. -a 1.1074 3.23%

1.87% n.a n.a

Sun Life Prosperity Peso Starter Fund, Inc. -a 1.37462.79%

2.45%

1.99%

2.01%

3.15%

2.7%

Primarily invested in Peso securities (units) ALFM Money Market Fund, Inc. -a 104.45

4.09% n.a n.a n.a

3.96%

Primarily invested in foreign currency securities (shares) Sun Life Prosperity Dollar Starter Fund, Inc. -a $1.0961

2.5%

1.38%

1.54% n.a

2.52%

Feeder Funds Primarily invested in Peso securities (units) ALFM Global Multi-Asset Income Fund, Inc. -a 43.36961.82% n.a n.a n.a Sun Life Prosperity World Equity Index Feeder Fund, Inc. -a 1.4653

20.48%

1.62%

9.19% n.a n.a

18.93% Sun Life Prosperity World Income Fund, Inc. -a,1

0.9982 n.a n.a n.a n.a n.a

Primarily invested in foreign currency securities (Units) ALFM Global Multi-Asset Income Fund, Inc. -a $0.80210.98%

-6.46% n.a n.a

a - NAVPS as of the previous banking day. b - NAVPS as of two banking days ago. 1 - Launch date is August 22, 2023.

2 - Launch date is October 6, 2023.

1.53%

c - Listed in the PSE.

3 - Launch date is May 25, 2023.

“While we endeavor to keep the information accurate, the Philippine Investment Funds Association (PIFA) and its members make no warranties as to the correctness of the newspaper’s publication and assume no liability or responsibility for any error or omissions. You may visit http://www.

pifa. com.ph to see the latest NAVPS/NAVPU.”

December 21, 2023

Net Foreign Stocks Bid Ask Open High Low Close Volume Value Trade (Peso) Buy (Sell) FINANCIALs

ASIA UNITED BDO UNIBANK BANK COMMERCE BANK PH ISLANDS CHINABANK EAST WEST BANK METROBANK PBCOM PHIL NATL BANK PSBANK PHILTRUST RCBC SECURITY BANK BRIGHT KINDLE MEDCO HLDG MANULIFE PHIL STOCK EXCH VANTAGE

187,220 177,024,834 3,504 83,535,293 501,595 215,683,414 60,269,431.50 28,240 762,926 17,090 2,850 654,775 1,695,490.50 85,410 57,940 313,500 366,508 152,190

22,510.00 10,297,518 -26,085,546 -63,075 1,600 -9,347,730.50 -4,440 -348,075 -276,632.50 313,500 221,636 -

INDUSTRIAL ACEN CORP 3.71 3.73 4.06 4.13 3.71 3.71 151,660,000 579,732,500 ALSONS CONS 0.53 0.56 0.54 0.57 0.53 0.57 150,000 81,710 ALTERNERGY HLDG 0.71 0.72 0.71 0.73 0.7 0.71 404,000 285,730 ABOITIZ POWER 37.15 37.4 36.8 37.45 36.6 37.4 1,083,500 40,312,420 RASLAG 1.16 1.18 1.18 1.18 1.16 1.16 99,000 115,950 BASIC ENERGY 0.18 0.182 0.18 0.183 0.18 0.182 210,000 38,170 FIRST GEN 17.5 17.58 17.5 17.5 17.1 17.5 576,600 10,069,008 FIRST PHIL HLDG 62.4 62.9 62.95 62.95 62.9 62.9 1,170 73,618.50 MERALCO 382 387 385 388 382 387 133,410 51,444,446 MANILA WATER 18.1 18.22 18.32 18.36 18.1 18.1 606,500 11,006,754 PETRON 3.47 3.49 3.5 3.5 3.47 3.49 253,000 882,730 PETROENERGY 4.39 4.65 4.39 4.39 4.39 4.39 1,000 4,390 REPOWER ENERGY 6.87 6.99 6.98 7 6.87 6.99 14,000 97,444 SYNERGY GRID 6.48 6.64 6.74 6.74 6.46 6.48 707,600 4,632,818 SHELL PILIPINAS 10.88 11 11.04 11.14 10.8 11 49,500 541,840 SPC POWER 6.89 6.9 6.85 7 6.85 6.9 65,100 449,170 SP NEW ENERGY 1.09 1.1 1.1 1.11 1.04 1.1 52,996,000 57,009,560 AGRINURTURE 0.69 0.7 0.88 0.95 0.69 0.7 10,146,000 7,440,550 AXELUM 2.36 2.4 2.4 2.42 2.4 2.41 99,000 238,650 CENTURY FOOD 30.6 31 31.9 31.9 30.5 31 570,200 17,531,625 DEL MONTE 6.36 6.5 6.35 6.75 6.35 6.5 118,900 793,668 DNL INDUS 6.13 6.15 6.1 6.15 6.1 6.13 216,000 1,324,692 EMPERADOR 20.7 20.75 20.7 20.75 20.6 20.7 431,200 8,922,435 SMC FOODANDBEV 50.2 50.5 50.95 51.5 49.95 50.5 28,150 1,423,381.50 FIGARO COFFEE 0.6 0.61 0.62 0.62 0.6 0.6 4,298,000 2,582,800 ALLIANCE SELECT 0.47 0.475 0.47 0.47 0.47 0.47 280,000 131,600 FRUITAS HLDG 0.96 0.98 0.99 0.99 0.95 0.97 1,935,000 1,855,310 GINEBRA 166 169.9 169 169.9 166 169.9 19,690 3,328,174 JOLLIBEE 240 242 242 242.2 237 242 206,600 49,708,370 KEEPERS HLDG 1.5 1.51 1.5 1.51 1.5 1.51 1,539,000 2,314,390 MAXS GROUP 3.18 3.2 3.18 3.21 3.17 3.18 174,000 555,830 MG HLDG 0.095 0.101 0.095 0.095 0.095 0.095 160,000 15,200 MONDE NISSIN 8.05 8.14 7.95 8.14 7.83 8.14 4,296,800 34,661,899 SHAKEYS PIZZA 9.55 9.75 9.7 9.7 9.55 9.7 31,000 300,685 ROXAS AND CO 0.47 0.49 0.47 0.49 0.46 0.49 370,000 178,500 RFM CORP 2.98 3 2.99 3 2.99 3 512,000 1,535,900 ROXAS HLDG 0.54 0.59 0.59 0.59 0.55 0.55 12,000 6,820 SWIFT FOODS 0.054 0.067 0.054 0.054 0.054 0.054 20,000 1,080 UNIV ROBINA 114.9 115 117.3 117.3 114.3 115 988,900 113,718,011 VITARICH 0.485 0.52 0.52 0.52 0.52 0.52 20,000 10,400 VICTORIAS 3.03 3.32 3.32 3.32 3.32 3.32 2,000 6,640 CEMEX HLDG 0.91 0.94 0.9 0.95 0.9 0.91 636,000 582,010 EC VULCAN CORP 0.6 0.62 0.63 0.63 0.6 0.6 1,338,000 820,240 EEI CORP 5.56 5.68 5.7 5.89 5.55 5.69 741,000 4,135,835 MEGAWIDE 3.02 3.04 3.05 3.05 3 3.02 542,000 1,630,100 TKC METALS 0.42 0.485 0.42 0.42 0.42 0.42 30,000 12,600 CROWN ASIA 1.52 1.57 1.52 1.57 1.52 1.57 56,000 85,520 PRYCE CORP 5.12 5.29 5.35 5.35 5.1 5.29 25,000 128,729 CONCEPCION 13.02 14.44 14.4 14.4 14.4 14.4 4,900 70,560 GREENERGY 0.22 0.23 0.241 0.241 0.23 0.23 42,410,000 10,104,680 INTEGRATED MICR 3.03 3.09 3.08 3.1 3.03 3.03 187,000 569,720 IONICS 0.95 0.98 1.05 1.06 0.9 0.95 4,726,000 4,479,850 PANASONIC 4.86 5.48 5.48 5.48 4.86 4.86 800 4,198 SFA SEMICON 2 2.05 2.04 2.06 2.03 2.06 434,000 890,170 CIRTEK HLDG 1.5 1.54 1.5 1.54 1.5 1.54 435,000 654,280

-230,942,040 35,500 -6,186,680 -18,300 -4,148,966 -51,586 1,164,702 4,109,240 690 -504,466 -134,214 7,198,160 -565,200 -16,900 -5,938,205 -169,588 -7,845,855 -199,175.50 131,600 105,150 2,976,039 -11,267,978 600,000 -89,530 15,200 3,221,244 287,105.00 -46,200 114,100 -51,405,378 278,960 18,000 163,080 -54,720 542,800 10,400 -213,200 -

ABACORE CAPITAL AYALA CORP ABOITIZ EQUITY ALLIANCE GLOBAL ANSCOR ATN HLDG B COSCO CAPITAL DMCI HLDG GT CAPITAL HOUSE OF INV JG SUMMIT KEPPEL HLDG A LODESTAR LOPEZ HLDG LT GROUP PACIFICA HLDG PRIME MEDIA SM INVESTMENTS SAN MIGUEL CORP SEAFRONT RES TOP FRONTIER WELLEX INDUS

11,400 -11,576,290 -9,580,400 -749,417 0 -9,280 24,906.00 28,918,415 -1,266,445 -4,050 0 2,190,751 36,469,960 254,153 -

HOLDING & FRIMS

Boracay Water bags DOE award

www.businessmirror.com.ph

34 129.5 6.81 103 30.05 8 50.8 14 18.3 53 95 21.5 71.5 1.39 0.086 1,100 174.8 0.77

0.81 705.5 49 9.61 11.36 0.38 4.65 9.36 583 3.25 40.6 3.7 0.405 4.35 8.79 1.04 2.72 900.5 110.3 1.41 96.6 0.249

34.5 130.4 7.2 104.6 30.1 8.03 50.85 17.58 18.36 55 114.9 22.35 71.65 1.4 0.117 1,130 175 0.82

0.82 710 49.2 9.64 11.58 0.395 4.69 9.37 585 3.53 41 5.98 0.44 4.4 8.86 1.19 2.95 903 111 1.9 102.9 0.275

35.8 129 6.82 102 30.05 8.05 51 14.12 18.3 55.5 95 21.2 72.5 1.41 0.087 1,100 173 0.78

0.86 710 49.55 10.08 11.64 0.38 4.69 9.28 596 3.27 41.8 3.35 0.405 4.4 8.93 1.16 2.72 900 113.7 1.41 102.9 0.25

35.8 130.4 7.29 104.6 30.1 8.1 51 14.12 18.36 55.5 95 22.25 72.5 1.41 0.1 1,100 174.8 0.78

0.87 710 49.75 10.1 11.64 0.38 4.7 9.4 596 3.27 41.8 3.35 0.44 4.4 8.95 1.19 2.95 903 113.7 1.41 102.9 0.25

34 128.5 6.82 102 29.95 8 50.6 14.12 18.28 55 95 21.2 71.4 1.4 0.084 1,100 173 0.77

0.81 682.5 49 9.58 11.36 0.38 4.6 9.28 577 3.27 40.35 3.27 0.405 4.4 8.77 1.02 2.72 891.5 110.2 1.41 102.9 0.249

34 130.4 7.29 104.6 30.05 8 50.85 14.12 18.36 55 95 21.5 71.5 1.4 0.086 1,100 174.8 0.77

0.82 710 49 9.61 11.36 0.38 4.62 9.37 585 3.27 41 3.27 0.44 4.4 8.86 1.19 2.95 903 111 1.41 102.9 0.249

5,400 1,364,870 500 808,830 16,700 26,960,300 1,186,290 2,000 41,700 310 30 30,600 23,670 61,000 660,000 285 2,100 197,000

1,648,000 178,570 362,900 6,399,500 36,400 300,000 30,000 351,200 331,020 20,000 712,500 10,000 90,000 1,000 1,594,600 18,000 29,000 218,920 33,500 18,000 110 1,420,000

1,362,430 125,764,755 17,812,655 62,727,209 423,270 114,000 139,770 3,293,935 194,129,065 65,400 29,013,380 33,150 36,800 4,400 14,160,643 20,200 80,310 197,451,045 3,726,802 25,380 11,319 354,580

PROPERTY ARTHALAND CORP 0.415 0.435 0.42 0.44 0.4 0.415 560,000 232,050 AYALA LAND 33.4 33.85 34 34.15 33.35 33.85 11,410,500 383,813,450 AYALA LAND LOG 1.67 1.68 1.7 1.7 1.67 1.68 376,000 633,780 ALTUS PROP 8.99 9.46 8.99 8.99 8.94 8.95 20,000 179,320 ARANETA PROP 1.02 1.05 1.04 1.07 1.01 1.05 3,663,000 3,773,630 AREIT RT 33.25 33.3 33.5 33.75 33.3 33.3 520,600 17,380,385 CITYLAND DEVT 0.66 0.69 0.68 0.69 0.65 0.66 136,000 90,220 CROWN EQUITIES 0.059 0.067 0.057 0.059 0.057 0.059 130,000 7,440 CEB LANDMASTERS 2.49 2.5 2.49 2.49 2.49 2.49 5,000 12,450 CENTURY PROP 0.275 0.28 0.275 0.28 0.275 0.28 300,000 83,950 CITICORE RT 2.59 2.6 2.6 2.6 2.59 2.6 2,435,000 6,326,360 DOUBLEDRAGON 7.42 7.45 7.55 7.55 7.41 7.41 26,600 198,651 DDMP RT 1.18 1.19 1.18 1.2 1.18 1.19 449,000 532,590 DM WENCESLAO 5.95 6 6.08 6.08 6 6 67,000 402,400 EMPIRE EAST 0.123 0.127 0.127 0.127 0.125 0.127 1,120,000 141,640 EVER GOTESCO 0.28 0.285 0.28 0.285 0.28 0.285 460,000 130,550 FILINVEST RT 2.56 2.59 2.6 2.6 2.55 2.59 2,808,000 7,223,190 FILINVEST LAND 0.55 0.56 0.56 0.57 0.55 0.56 1,966,000 1,089,870 GLOBAL ESTATE 0.74 0.8 0.74 0.74 0.74 0.74 3,000 2,220 8990 HLDG 8.65 9.04 8.8 9.13 8.61 9.05 116,200 1,046,990 GOLDEN MV 818.5 845 818.5 845 818.5 845 640 532,835 PHIL INFRADEV 0.51 0.55 0.56 0.56 0.51 0.51 204,000 104,240 CITY AND LAND 0.72 0.73 0.72 0.73 0.72 0.73 27,000 19,610 MEGAWORLD 1.95 1.96 1.96 1.97 1.94 1.95 8,817,000 17,208,840 MRC ALLIED 1.36 1.37 1.42 1.42 1.37 1.37 26,000 35,870 MREIT RT 12.04 12.14 12.16 12.18 12.04 12.14 243,200 2,945,318 OMICO CORP 0.228 0.23 0.228 0.228 0.228 0.228 150,000 34,200 PHIL ESTATES 0.32 0.34 0.32 0.32 0.31 0.32 500,000 157,550 PREMIERE RT 1.52 1.53 1.54 1.54 1.54 1.54 1,000 1,540 RL COMM RT 4.8 4.84 4.8 4.85 4.75 4.8 1,339,000 6,421,210 ROBINSONS LAND 15.68 15.7 15.96 15.96 15.52 15.7 2,074,200 32,542,032 PHIL REALTY 0.138 0.158 0.139 0.139 0.138 0.138 910,000 126,080 ROCKWELL 1.36 1.43 1.4 1.4 1.33 1.33 129,000 173,440 SHANG PROP 3.65 3.69 3.63 3.69 3.63 3.69 9,000 32,830 STA LUCIA LAND 3.2 3.48 3.48 3.48 3.48 3.48 4,000 13,920 SM PRIME HLDG 32.95 33 33.4 33.8 32.85 33 7,964,300 263,375,100 SOC RESOURCES 0.35 0.53 0.38 0.38 0.35 0.35 270,000 96,200 VISTAMALLS 2.27 2.39 2.41 2.41 2.41 2.41 1,000 2,410 SUNTRUST RESORT 0.8 0.85 0.76 0.85 0.73 0.85 310,000 233,310 VISTA LAND 1.57 1.6 1.61 1.62 1.56 1.57 5,855,000 9,308,020 VISTAREIT RT 1.68 1.69 1.7 1.7 1.69 1.69 40,000 67,630 SERVICES ABS CBN 4.35 4.44 4.6 4.65 4.34 4.35 349,000 1,600,480 GMA NETWORK 8.3 8.31 8.3 8.33 8.3 8.31 176,500 1,465,979 MANILA BULLETIN 0.23 0.237 0.231 0.231 0.231 0.231 40,000 9,240 MLA BRDCASTING 6 8.53 8.53 8.53 8.53 8.53 100 853 GLOBE TELECOM 1,710 1,718 1,718 1,730 1,710 1,710 12,130 20,791,760 PLDT 1,273 1,291 1,299 1,300 1,270 1,291 41,375 53,323,685 APOLLO GLOBAL 0.012 0.013 0.013 0.014 0.012 0.013 189,500,000 2,370,200 CONVERGE 7.9 8 7.85 8 7.81 8 2,951,300 23,416,428 DFNN INC 3.13 3.18 3.16 3.18 3.13 3.18 11,000 34,740 DITO CME HLDG 2.38 2.39 2.45 2.45 2.35 2.39 3,466,000 8,285,480 NOW CORP 1.07 1.11 1.14 1.14 1.06 1.06 544,000 592,310 TRANSPACIFIC BR 0.133 0.137 0.132 0.132 0.132 0.132 50,000 6,600 ASIAN TERMINALS 15.48 15.64 15.7 15.7 15.7 15.7 700 10,990 CHELSEA 1.46 1.5 1.48 1.53 1.46 1.46 234,000 345,970 CEBU AIR 32.2 32.3 32.05 32.45 32.05 32.3 24,600 793,245 INTL CONTAINER 237.8 238 240 245 236.2 238 1,043,060 248,610,578 LBC EXPRESS 16.98 18.24 18.26 18.26 18.26 18.26 100 1,826 MACROASIA 3.89 3.9 3.91 3.94 3.9 3.9 48,000 187,300 PAL HLDG 5.05 5.13 5.13 5.13 5.04 5.05 42,200 214,689 HARBOR STAR 0.75 0.8 0.8 0.83 0.8 0.8 5,000 4,030 BOULEVARD HLDG 0.063 0.064 0.063 0.065 0.063 0.063 4,400,000 277,550 DISCOVERY WORLD 1.23 1.24 1.23 1.23 1.23 1.23 2,000 2,460 WATERFRONT 0.375 0.415 0.37 0.375 0.37 0.37 210,000 77,950 CENTRO ESCOLAR 8.05 8.48 8.48 8.48 8.48 8.48 300 2,544 FAR EASTERN U 580 598.5 566 566 566 566 10 5,660 IPEOPLE 7.35 7.37 7.37 7.37 7.37 7.37 2,000 14,740 STI HLDG 0.485 0.49 0.48 0.49 0.475 0.49 3,900,000 1,892,950 BELLE CORP 1.18 1.19 1.17 1.19 1.16 1.17 117,000 137,020 BLOOMBERRY 9.78 9.8 9.95 9.95 9.78 9.8 709,000 6,949,498 PACIFIC ONLINE 4.3 4.35 4.9 5.2 4.35 4.35 2,060,000 9,678,690 PH RESORTS GRP 0.84 0.86 0.86 0.88 0.84 0.86 3,071,000 2,618,790 PREMIUM LEISURE 0.6 0.61 0.62 0.63 0.6 0.61 9,904,000 6,077,230 DIGIPLUS 7.09 7.1 7.35 7.35 7.09 7.1 1,426,700 10,195,413 PHILWEB 1.68 1.71 1.7 1.74 1.68 1.71 207,000 348,820 ALLDAY 0.155 0.159 0.155 0.16 0.155 0.16 3,680,000 579,710 ALLHOME 1.13 1.14 1.16 1.16 1.14 1.14 2,838,000 3,259,980 METRO RETAIL 1.24 1.26 1.26 1.26 1.24 1.24 255,000 319,700 PUREGOLD 26.9 27 26.95 27.15 26.75 27 676,100 18,227,030 ROBINSONS RTL 38.55 38.8 39 39 38.3 38.8 175,400 6,796,545 PHIL SEVEN CORP 75 76.25 75.2 76.25 75.2 76.25 19,540 1,470,185 SSI GROUP 2.47 2.5 2.5 2.5 2.48 2.48 146,000 362,830 UPSON INTL CORP 1.57 1.69 1.56 1.69 1.56 1.69 6,000 9,730 WILCON DEPOT 21.2 21.3 21.8 21.8 20.95 21.3 1,462,800 31,099,935 APC GROUP 0.206 0.22 0.22 0.225 0.203 0.223 1,650,000 349,450 IPM HLDG 3.38 4.5 3.5 3.5 3.5 3.5 10,000 35,000 MEDILINES 0.32 0.325 0.32 0.32 0.31 0.31 940,000 291,600 PRMIERE HORIZON 0.165 0.168 0.165 0.168 0.163 0.168 990,000 163,480 SBS PHIL CORP 3.85 3.98 3.85 3.98 3.85 3.98 8,000 31,690 MINING & OIL ATOK 5 5.35 5.2 5.35 4.4 5.35 115,200 561,343 APEX MINING 2.92 2.93 2.93 2.99 2.92 2.93 1,812,000 5,339,370 ATLAS MINING 3.31 3.4 3.4 3.4 3.35 3.35 31,000 105,100 BENGUET A 4.7 4.78 4.78 4.78 4.7 4.7 51,000 240,690 BENGUET B 4.88 4.89 4.71 4.88 4.71 4.88 10,000 47,610 CENTURY PEAK 3.54 3.55 3.4 3.54 3.4 3.54 1,862,000 6,518,890 DIZON MINES 2.22 3 3 3 3 3 4,000 12,000 FERRONICKEL 2.02 2.03 2.02 2.05 2.02 2.03 309,000 626,050 GEOGRACE 0.028 0.033 0.029 0.029 0.028 0.028 1,800,000 51,700 LEPANTO A 0.079 0.082 0.079 0.081 0.078 0.081 10,550,000 847,140 LEPANTO B 0.078 0.08 0.078 0.078 0.078 0.078 10,000 780 MANILA MINING A 0.0045 0.0046 0.0046 0.0047 0.0045 0.0046 41,000,000 188,600 MANILA MINING B 0.0045 0.0047 0.0046 0.0046 0.0046 0.0046 2,000,000 9,200 MARCVENTURES 1.02 1.05 1.04 1.05 1.02 1.05 903,000 944,160 NIHAO 0.485 0.63 0.53 0.53 0.45 0.45 98,000 50,610 NICKEL ASIA 5.05 5.07 5.09 5.1 4.99 5.05 5,555,200 27,974,131 ORNTL PENINSULA 0.63 0.67 0.67 0.67 0.67 0.67 3,000 2,010 PX MINING 3.11 3.13 3.21 3.21 3.1 3.11 1,920,000 6,033,820 SEMIRARA MINING 28.35 28.4 28.7 28.7 28.35 28.4 501,600 14,264,500 UNITED PARAGON 0.0039 0.0046 0.004 0.0045 0.0038 0.0045 8,000,000 31,900 ENEX ENERGY 4.6 4.82 4.82 4.82 4.6 4.82 14,000 64,970 ORNTL PETROL A 0.0076 0.0083 0.008 0.0081 0.0073 0.0081 35,000,000 267,900 ORNTL PETROL B 0.0081 0.0082 0.0081 0.0081 0.0081 0.0081 11,000,000 89,100 PHILODRILL 0.0075 0.0082 0.0077 0.0077 0.0075 0.0077 46,000,000 352,200 PXP ENERGY 3.62 3.77 3.61 3.77 3.61 3.77 44,000 162,870 PREFFERED ACEN PREF B 1,054 1,080 1,052 1,054 1,052 1,054 120 126,440 AC PREF AR 2,470 2,500 2,468 2,472 2,468 2,472 170 420,070 AC PREF B2R 485.4 496 486.4 486.4 485.4 485.4 3,500 1,699,154 CEB PREF 32 32.1 32.1 32.1 32 32 13,300 425,750 DD PREF 93.55 94 94 94 93.95 94 26,150 2,458,070 EEI PREF B 95.3 97 95.25 97 95.25 95.3 3,050 290,935 JFC PREF B 910 920 920 920 920 920 10 9,200 MWIDE PREF 2B 90.2 93.5 93.75 93.75 93.5 93.5 360 33,725 MWIDE PREF 4 90.5 92 91.95 92 91.95 92 1,000 91,995.50 PNX PREF 3B 23.2 23.25 23.25 23.25 23.2 23.2 2,400 55,725 PCOR PREF 3B 970.5 980 980 980 980 980 20 19,600 PCOR PREF 4B 952 1,000 1,000 1,000 1,000 1,000 10 10,000 SMC PREF 2F 72.5 72.95 72.5 72.5 72.5 72.5 2,440 176,900 SMC PREF 2I 71 72.5 72.9 72.9 71 71 660 47,031 SMC PREF 2J 66 66.95 67.9 67.9 67 67 320 21,458 SMC PREF 2K 65.1 69 69 69 69 69 1,000 69,000 SMC PREF 2L 78 79 78.2 79 78 79 6,100 481,000 SMC PREF 2O 77.5 78.5 78 78 77.35 77.35 146,990 11,464,699.50 TECH PREF B2D 48.05 48.75 48.75 48.75 48 48 900 43,650

PHIL. DEPOSITARY RECEIPTS ABS HLDG PDR GMA HLDG PDR

WARRANTS

TECH WARRANT

4.16 4.17 4.11 4.21 4.11 4.17 52,000 7.67 8.36 8.36 8.36 8.36 8.36 100 0.31

0.345

0.29

0.34

0.29

0.34

30,000

12,050 101,375,315 -2,900,360 1,820,000 -39,570 -274,820 -3,648 -640,060 -506,280 -3,393,610 -808,054 54,400 -1,540 -2,342,460 7,155,518 9,440 3,690 -56,829,975 7,400 -2,203,260 -4,239,390 7,167,595 8,474,289 1,242,110 4,710 264,595.00 -29,260,418 27,300 65,185 -74,250 -19,750 -36,220 -5,189,913.00 -36,320 453,580 1,056,363 -576,460.00 -6,097,115 -371,910 1,374,893.50 -121,760 4,680 14,868,640 92,400 2,500 88,500 2,983,560 -476,300.00 -2,900 38,160 -6,301,855 559,720 1,216,650 16,000 -37,540 -286,085 -1,099,689.50 -

216,860 836

-87,590 -

9,450

SMALL, MEDIUM & EMERGING

0.4 0.4 0.395 0.395 720,000 284,700 4,000 0.74 0.77 0.73 0.77 283,000 210,020 -2,960 0.98 1.02 0.98 1 673,000 671,730 0.63 0.67 0.61 0.67 224,000 138,460 1.02 1.03 1.01 1.01 728,000 735,820 0.185 0.2 0.183 0.2 350,000 65,720 -

EXHANGE TRADE FUNDS

103 103 101.7 102 23,320 2,384,497 134,834

BALAI FRUITAS CTS GLOBAL HAUS TALK ITALPINAS MERRYMART XURPAS

FIRST METRO ETF

0.39 0.74 0.96 0.62 1 0.2

101.7

0.395 0.77 1 0.67 1.01 0.21 102

www.news.businessmirror@gmail.com

AUB plans to increase forex trade in renminbi

HE Asia United Bank (AUB) announced it plans to further increase its foreign exchange (FX) trading of the Chinese renminbi (RMB) that, according to the lender, is “rapidly gaining market share” in international payments and cross-border transactions. “We assure you that we can sustain, and probably even improve on the nearly 300-percent year-on-year growth on (RMB-PHP) clearing volumes and 70-percent growth in FX trading volume in the coming years. We have no plans of relinquishing our rank as the top bank in these categories and hopefully garner all three (awards) in the not-too-distant future,” AUB Head of Treasury Antonio V. Agcaoili Jr. was quoted in a statement as saying. Agcaoili made the remarks after accepting the “Top RMB Clearing Volume Award” and “Top RMBPHP Trading Volume Award” given by the Philippine RMB Trading Community set up by 13 member banks in 2018. Chairman Hu Xinquan, country head of the Bank of China (Hong Kong) Ltd.-Manila Branch, led the Appreciation Event last December 6. “When the RMBPHP Community was launched in 2018, we made a conscious decision to take an aggressive competitive stance on this initiative, unaware of the potential benefits it would provide,” Agcaoili said. “We consider this feat a ‘culmination’ of our efforts to dominate the industry in this segment of the market. It is a testament to our belief that our ability to compete does not necessarily boil down to a bank’s asset size or the geographical reach of its branch network. Our rank as a mid-size universal bank should not hinder our aim to achieve the efficiency and effectiveness required to deliver value-added banking products and services to our clients.”

Pillars

FROM 2021 to 2022, AUB was able to grow its RMB clearing item count by 134 percent while volume increased by 295 percent. For RMB FX, item count increased by 32 percent while volume jumped by 67 percent during the period. Agcaoili attributed AUB’s success in RMB trading to pricing, execution and “good, old relationship management.” The bank also credited its proprietary trading desk and its IT team that developed most of its frontline platforms in-house. Its front-end system includes a fully automated straightthru-processing (STP) payment platform that was recognized by AUB’s correspondent banking partners for its “almost flawless” record of processing over 99 percent of transactions “in an error-free manner and consistently over an extended period,” Agcaoili said. The bank said it also invested on relationship management that focused on preaching the benefits of maintaining both PHP and RMB deposit accounts as “settlement accounts” for all clients’ forex trades and other transactional needs. “These three pillars were instrumental in achieving the goals we set for ourselves early in the game to gain a significant share of the RMBPHP market,” said Agcaoili.

Largest

AS of the first half of 2023, China was the Philippines’s largest trading partner, largest import source and largest export market, the lender said citing the Philippine Statistics Authority. China comprised 16 percent of the country’s total exports during the period. “While the fundamental side shows a slow export recovery (in China) amidst global weakening trends, it is at least improving,” Joselito R. Jacob, senior vice president and head of AUB’s Foreign Exchange Desk, was quoted in the statement as saying. “Thus, the most optimistic scenario for the RMB versus PHP is to test 8.10 to 8.16 level next year.” Jacob added that the People’s Bank of China, the country’s central bank, is expected to mitigate the recent Moody’s downgrade of its rating outlook on China “and has been consistently supporting the RMB at daily fixing.” “This is sending a strong message to support the yuan whatever it takes,” he said.

Banking&Finance BusinessMirror

Editor: Dennis D. Estopace • Friday, December 22, 2023

Consing backs Maharlika firm directors

AHARLIKA Investment Corp. (MIC) President and CEO Rafael D. Consing Jr. said the four newly appointed board directors of the state-owned corporation bring a “wealth of experience” to make the goals of the Maharlika Investment Fund (MIF) a reality.

Consing said the four appointees to the MIC board are “distinguished” individuals with a “wealth of experience” and a “deep commitment” to the Philippines. On Wednesday, President Ferdinand R. Marcos Jr. appointed and swore in Vicky Castillo L. Tan, Andrew Jerome T. Gan, German Q. Lichauco and Roman Felipe S. Reyes as the new members of the MIC.

The MIC is the governmentowned and -controlled corporation tasked to oversee the MIF, the country’s inaugural sovereign wealth fund. “Together with [Land Bank of the Philippines President] Lynette V. Ortiz, [Development bank of the Philippines President] Michael O. de Jesus and Finance Secretary Benjamin E Diokno, they bring a combined ex-

pertise in governance, law, finance, audit, banking and investment advisory, providing a robust foundation for Maharlika’s success,” Consing said in a post on social media. “Their unwavering dedication to the Philippines and their proven track records in their respective fields position Maharlika for significant contributions to national economic growth and prosperity,” Consing added. The appointment of the four MIC board directors came a little over a month since Consing was named by Marcos as the first President and CEO of the MIC. Consing said he is confident that the current board composition of MIC would steer the state-owned corporation toward making the MIF a “powerful engine for positive change.” “We are confident that under the Board of Directors’ leadership, Maharlika will become a powerful engine for positive change, catalyzing op-

CHIEF VIEW This Saturday, De-

cember 9, 2023, photo shows Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. speaking during during the first “Ateneo Economics and Management Economics Alumni Homecoming.” In his address, Remolona said that the country’s inflation rate eased to 4.1 percent in November to move “within striking distance” of the 2-percent to 4-percent inflation target. The BSP chief said much of the credit for the decline in inflation is the fact that expectations have been well-anchored, which means the public expects inflation to move toward the target range. The central bank governor added that second round effects have been manageable. CREDIT: Bangko Sentral ng Pilipinas

Pagcor-funded school inaugurated in Tarlac

URA, Tarlac—School children in this municipality now have more learning space with the inauguration last Wednesday of a 2-story, 6-classroom building funded by the Philippine Amusement and Gaming Corp. (Pagcor). The new learning facility, built at a cost of nearly P18 million, was unveiled at Nilasin 1st Elementary School, one of the public schools in Pura in dire need of additional classrooms after a powerful earthquake damaged its old buildings more than three decades ago. Pura town suffered extensively from the 1990 earthquake that damaged crucial infrastructure, including government buildings, schools

and residences. Numerous attempts have been made to restore and repair the damaged structures but some of the buildings were eventually declared unsafe and condemned, exacerbating the challenges faced by the local community. Pagcor allocated P17.87 million for the construction of the earthquake-resistant building. Mayor Freddie D. Domingo expressed gratitude to Pagcor for the agency’s “invaluable support.” “This generous contribution not only enhances our educational infrastructure but also empowers the future of our students,” Domingo was quoted in a statement as saying. According to Assistant Vice-Pres-

ident for Community Relations and Services Eric I. Balcos, the state gaming firm has always supported education-related projects because they play a vital role in promoting community development and empowering the dreams of the next generation.” “By unveiling a new school building in Pura, Pagcor takes pride in fostering positive change and providing a foundation for the dreams of countless students,” Balcos was quoted in the statement as saying. “Education is the cornerstone of progress, and through such initiatives, we are not just constructing buildings but providing bridges to a brighter, more empowered future for the community,” he added.

Nlex Corp. secures ₧10B loan from BPI

LEX Corp. announced last Thursday it has signed a P10-billion, 10-year loan facility with the Bank of the Philippine Islands (BPI) to bankroll its ongoing and future projects. Metro Pacific Tollways Corp. President Rogelio L. Singson said through a statement that the loan will help the company fund critical projects, including the Candaba 3rd Viaduct, as well as to refinance maturing debt. “This loan agreement will help us to meet our current obligations with our key stakeholders and finance all repairs and maintenance of the ex-

pressway as well as our ongoing and future projects like the Candaba 3rd Viaduct,” Singson was quoted in the statement as saying. “Our company remains committed in providing faster and more convenient travel. Thus, we also want to focus on improving our expressways and beyond just building roads.” The Nlex Candaba 3rd Viaduct is a 5-kilometer bridge connecting Pampanga and Bulacan. Expected to be completed by the 4th quarter of 2024, this project will “significantly increase road capacity, providing a substantial boost to regional trans-

briefs

➜ G-Xchange, Petnet ink remittance deal

G-Xchange Inc., the operator of GCash, announced it inked a deal with Pera Hub operator Petnet Inc. on remittance. The deal allows GXchange to use Petnet’s network of remittance channels allowing Pera Hub users to use the GCash app to claim remittances. It eliminates the need for users to switch applications or physically visit remittance centers, the firm said. G-Xchange President Oscar Enrico A. Reyes Jr. was quoted in a statement as saying the agreement would make remittance services “more

portation,” according to the firm. “This project is just one of our company’s major initiatives in solving the growing traffic demand of the north. In partnership with the government, we aim to contribute to elevating the transportation system of the country,” Nlex Corp. President Jose Luigi L. Bautista was quoted in the statement as saying. Nlex Corp., a subsidiary of Metro Pacific Investments Corp., plans to spend about P15 billion in capital expenditures in 2024, a 50-percent increase from the P10-billion programmed for 2023. Lorenz S. Marasigan

affordable.” He didn’t disclose the value of the agreement with Petnet. Lorenz S. Marasigan

➜ SSS signs MOA with BOC Region IX

THE Social Security System (SSS) recently signed a Memorandum of Agreement (MOA) with the Bureau of Customs-Region IX in Zamboanga City to implement the “KaSSSangga Collect” program for the social security coverage and protection of 16 Job Order and Contract of Service workers. Under the agreement, the SSS shall register BOC’s JO and COS workers as SSS

portunities and fostering a brighter future for all Filipinos,” he said. “We invite you to join us in supporting Maharlika’s vision and contributing to the Philippines’ continued economic development,” he added. The corporate entity of the MIC is slowly taking shape following the appointment of its board of directors with 8 out of the 9 seats being filled. The remaining vacant MIC board seat is for a regular director. The MIC board is composed of the finance secretary, MIC president and CEO, Land Bank of the Philippines president, Development Bank of the Philippines president, two regular directors and three independent directors. Consing has been vocal about his plans and proposal regarding MIC and the MIF while pointing out that his ideas are still subject to board approval. Last month, Consing revealed that he has identified four key pil-

lars for the MIC’s investment which were tourism infrastructure, energy security, digital infrastructure and agro-forestry industrial urbanism. (Related story: https://businessmirror.com.ph/2023/11/16/ maharlika-fund-to-be-parkedin-infrastructure-energy-urbanfarms/) Earlier this month, Consing disclosed that he has two proposals for the MIC after the public-private partnership (PPP) code was signed into law by Marcos. (Related story: https://businessmirror.com. ph/2023/12/15/mic-chief-eyesppp-after-code-enacted/) First, Consing proposed that the MIC must be allowed to provide a “stable” capital to identified PPP projects, giving the state-owned and -controlled corporation an automatic “sit on the table.” The second proposal involves the MIC becoming co-guarantor of the PPP projects, Consing added. Jasper Emmanuel Y. Arcalas

Associations and the power of laughter

ERRY Christmas! In this time of merriment, I thought I’d post something lighthearted. You must have heard the phrase “laughter is the best medicine.” The connotation of this phrase is that humor and laughter can be a powerful antidote to many of life’s challenges and difficulties. When people laugh, it often triggers the release of endorphins, which are natural chemicals in the body that promote feelings of happiness and reduce stress. Laughter can also improve mood, strengthen social bonds, and provide a sense of relief and relaxation. Associations often carry the weight of responsibility and ambition for their members. As they strive to meet their goals and serve their members, it’s easy to overlook that humor and laughter can help in the following regard: 1. Stress reduction. Associations often deal with high-stakes projects, challenging goals, and complex decision-making processes. Stress can take a toll on members, affecting their health and well being. Laughter serves as a potent stress reliever. 2. Building stronger bonds. Laughter brings people together. When members of an association share laughter, they create positive shared experiences that foster stronger interpersonal connections. It breaks down barriers and helps members relate to one another as more than just colleagues; they become friends. 3. Boosting creativity and innovation. A cheerful atmosphere can be breeding ground for creativity and innovation. When members feel comfortable in expressing themselves and exploring new ideas, associations benefit from fresh perspectives and inventive solutions to challenges. 4. Improving health and well being. Physical health can have a direct impact on one’s ability to contribute effectively to an association’s goals. Laughter can boost the immune system, increase pain tolerance, and enhance overall wellbeing, making members more resilient and available for association activities. Fostering an atmosphere where

self-employed members while the BOC shall remit their monthly contributions through an automatic salary deduction scheme to qualify them for benefits and privileges under the social security and employees’ compensation programs.

➜ MBT’s CSR arm donates to DOST

THE Department of Science and Technology announced it received school equipment from the Metrobank Foundation Inc. (MFI), the corporate social responsibility

Association World Octavio Peralta humor and laughter become a guiding principle involves several strategies: 1. Incorporating fun activities. Organize social events, teambuilding exercises, or humorous presentations that encourage members to laugh and enjoy each other’s company. 2. Celebrating achievements. Acknowledge and celebrate small and big wins within the association. Recognize the hard work of members with humor and enthusiasm. 3. Creating a positive work environment. Encourage a culture where mistakes are viewed as opportunities for growth, and members can share their humorous experiences without fear of judgment. 4. Promoting inclusivity. Make sure that humor is inclusive and respectful of diverse backgrounds and perspectives. Avoid humor that may alienate or offend. 5. Sharing laughter virtually. In today’s digital world, associations can use online platforms, social media, and video conferences to share moments of humor and lightheartedness with members, even when physically separated. In the context of associations, using humor and laughter is a unifying force as it strengthens relationships, reduces conflicts, creates morale, and increases resiliency. By integrating humor, joy, and a lighthearted spirit into their activities, associations create an atmosphere in which members can thrive, connect, and find renewed enthusiasm for their shared objectives. In doing so, they reinforce the idea that laughter is indeed the best medicine for associations, healing the spirit and strengthening their collective mission. Octavio Peralta is currently the executive director of the Global Compact Network Philippines and founder and volunteer CEO of the Philippine Council of Associations and Association Executives, the “association of associations.” E-mail: bobby@ pcaae.org

arm of the Metropolitan Bank & Trust Co. (PSE: MBT) last December 13. According to the DOST, the donated school equipment includes: two flat-screen televisions; one refrigerator; one portable speaker; and, seven tablet computers. The equipment would go to the DOST Day Care centers. MFI President Aniceto M. Sobrepeña cited the “selfless act” of DOST Secretary Renato U. Solidum Jr. in choosing to share his reward as one of the judges in the 2023 MFI Search for Outstanding Filipinos.

Relationships BusinessMirror

Friday, December 22, 2023 • Editor: Gerard S. Ramos

www.businessmirror.com.ph

TODAY’S HOROSCOPE By Eugenia Last

CELEBRITIES BORN ON THIS DAY: Jordin Sparks, 34; Brooke Nevin, 41; Ralph Fiennes, 61; Diane Sawyer, 78. HAPPY BIRTHDAY: Your verbal abilities are skyrocketing. It’s time to negotiate and put things in place that will improve your life. Consider what makes you happy, and implement changes to help you reach your goal. Don’t waste time procrastinating when there is work to do if you plan to get your life heading in a direction that surpasses your expectations. Your numbers are 5, 12, 22, 27, 33, 42, 45.

ARIES (March 21-April 19): Set a pace and keep going until you are satisfied with your achievements. Don’t expect to get much help or to please everyone. Make a point to take care of your needs and give yourself a pat on the back for what you accomplish. ★★★

❶ ❶ ELI REMOLONA

(back) with his mom, Ching, and siblings (from left) Nathan, Rhoda, and Reuel

❷ PATRIA PUYAT (foreground, right) with her father, Lito, and sisters Elly (carried) and Indira

❷

TAURUS (April 20-May 20): Take notes, make a list and get organized, and everything else will fall into place. You can improve a meaningful relationship by supporting that person and helping them get where they want to go. Love and romance are in the stars. ★★★

❸

Memories of Christmases past

❸ SMIC’s Teresita Sy-Coson

WENT around a toy store recently in a bid to find an educational toy for my grand nephew for Christmas. I got a headache. I guess it was the stress of finding that perfect present, along with the number of kids running around with their parents screaming after them, and the choices. There were just sooooo many choices. Time was when a doll meant a Barbie and car racers were from Matchbox—okay, Mattel made off a lot bucks off our parents. I remember my brothers also playing with their Tonka toy trucks, which I envied. (Why are the boy toys so much more fun?) Later, when video games were invented, those came from Nintendo, while the educational toys were from Lego. Now, there are a hundred and one copycats to these originals, which means stores are now sprawling, with toys hitting all price points (though with the same durability level, which is close to nil). I still remember the old toy stores in Cartimar, which were just 10 square meters at the most, with shelves stocked with dolls, plushies and toy trucks. Because I was the youngest and came after two older brothers (Big Sister was the eldest), I was a bit of a tomboy, I guess, and I secretly coveted my kuyas’ toys. I couldn’t really relate to the walking dolls of Big Sister, and because I got them mainly as hand-medowns, I was quite unimpressed with their blond hair and blue eyes. Oh, but I loved playing with those shiny Matchbox cars of my two brothers, and clapped as they whizzed along the freeway they had built, using attachable long yellow plastic road pieces. At a young age, I watched a lot of cop shows and war shows (Combat! With Vic Morrow!) on TV with my papa. One time, as I stood to the side, quietly observing my mom and her amigas playing mahjong at

home, a ninang asked me what I wanted for Christmas. I replied: a helicopter! She laughed, incredulous at my answer, but, yes, she gave me helicopter, which lit up as its rotor blades spun around. I had finally edged out my numskull brothers, who only had cars and trucks for their entertainment. (Insert evil laughter here.) I had a helicopter ready to zip into war-torn countries, ready to save the hungry natives, and bring them to the land of plenty. The holiday season always brings up memories of Christmases past, especially now that we have children/grandchildren, or little nieces and nephews running around the house. We try to get them the gifts we had secretly wished for in our own childhood but maybe could never afford. Or buy them the shiny new toy that is the rage of the moment, fervently praying we satisfy the demanding little buggers. As is the tradition in this space this time of the year, I asked a few friends and VIPs their own favorite or most memorable Christmas presents as children. ■ Bangko Sentral ng Pilipinas Gov. Eli Remolona: When I was a child, my mother had a pen pal in the United States who would send us children’s books. Green Eggs and Ham by Dr. Seuss was one of them. I must have been eight or nine at the time, and I just found the image of green eggs and ham so ludicrously funny. But perhaps half of the humor of the book was lost on me. Only years later, as a grownup browsing my own children’s library books, did I begin to appreciate the brilliance of Dr. Seuss’s books. If I hadn’t been sidetracked into economics, I might have been happy with a career illustrating and writing children’s books for Filipinos. ■ Cebu Pacific Air president and chief commercial officer Alexander Lao: My childhood memories are blurry now, but I think my most favorite Christmas gift as a child were the Star Wars figurines that my parents gave me. I loved watching Star Wars as a kid so much that at one point, I could recite all the lines during the attack scene on the Death Star (e.g. “Lock X-wings in attack position...”) and it was just pure joy that night as scenes from a “Galaxy far far away” came alive. Many years later, I was happy to get my son the same Star Wars-themed toys and enjoyed seeing him play with the same. I still remember him muttering, “The stormtroopers are going through the snow...”

GEMINI (May 21-June 20): Refuse to give in and break your budget. Don’t entertain shopping at places you cannot afford or trying to take on more than you can handle to try and impress someone. If you use your imagination, you’ll devise a cost-efficient plan. ★★★

CANCER (June 21-July 22): Call on those you know you can count on when you’re in a tight spot, and something good will transpire. An emotional plea combined with enthusiasm and a genius idea will solidify your plans and give you the gumption to finish what you start. ★★★★

■ SM Investments Corp. vice chairman Teresita Sy-Coson: My most memorable gift was a powder case. I loved it because I could imagine myself as a grownup, powdering my face and neck like my mom. ■ Crowne Plaza Manila Galleria/Holiday Inn Manila Galleria GM Patria Puyat: As a child, I was always exposed to what my mom was doing on a daily basis. They called me her shadow, as I always wanted to be with her. Her most favorite activity was to go to the supermarket, and it too was my happiest place. When I turned 8 years old, I remembered how excited I was when I was told by my Dad that if I was a good girl, I might just receive my own little sarisari store complete with cash register. That was all I could think of, and when Christmas Eve came and we arrived at my grandmother’s home, I kept asking my Dad every minute if it was time to open gifts already. As the clock struck midnight and we were given the go-signal to open presents, I ran to the biggest one, and then I saw it—my very own little sari-sari store. It was a dream come true for me—my very own happy place in the comfort of my home. ■ DMCI Holdings Inc. chairman and president Isidro “Sid” Consunji: My fondest childhood Christmas memory is receiving my first bicycle when I was 5 years old. I remember eagerly waking up at 6 am so I could ride it before heading off to nursery school. It was always the highlight of my day, and the first thing I looked forward to doing when I returned home from school. I never asked for permission to take it outside; in my young mind, owning a bike meant I could freely explore the world beyond my doorstep. That bicycle was more than just a toy to me. It was my first taste of freedom, and that feeling was simply magical. ■ Actor Max Eigenmann: The one gift that I really cherished was a blue and pink ceramic piggy bank that my mom gave me at 7 years old. Mind you, it was breakable. So being gifted something so fragile made me feel so grown-up to be entrusted with it. Hahaha. I kept it well until my adult life. It broke in one of my moves. It also made me look forward to emptying it when it was full of coins and changed to actual cash as a child. Happy holidays to everyone. Next week: the concluding part. ■

LEO (July 23-Aug. 22): Something that sounds too good to be true probably lacks substance. Don’t entertain something with a dollar figure greater than your budget. You can’t buy love, but your actions and words of gratitude can make a difference to someone special. ★★

VIRGO (Aug. 23-Sept. 22): Spread your wings and fly. Making travel plans, visiting old friends or jetting about looking for something special for someone you love will spice up your life. Embrace the spirit of the season, and you’ll come up with ideas that lead to positive change. ★★★★★

LIBRA (Sept. 23-Oct. 22): Let your actions speak for you. Refuse to let anyone take advantage of you or talk you into something you don’t want. Stay active and reach out to those who enjoy the same things you do, and you’ll feel at ease. Don’t make impromptu purchases. ★★★

SCORPIO (Oct. 23-Nov. 21): Find ways to improve your life. It’s up to you to lead the way and to build enthusiasm in others to ensure you get the backup you need to reach your destination. Opportunity is within reach; it’s up to you to make it happen. ★★★

SAGITTARIUS (Nov. 22-Dec. 21): Take time to find out what others like and how you can do something thoughtful for loved ones this festive season. What you do for others will far exceed anything you can purchase. Give the greatest gifts of all this year: time and love. ★★★

CAPRICORN (Dec. 22-Jan. 19): Aim to please yourself. Comfort, convenience and love are the roads to contentment. Think creatively to come up with a plan that is cost-efficient and excites you. A change to your living area or workspace will have a positive effect. Romance is favored. ★★★★★

AQUARIUS (Jan. 20-Feb. 18): Emotional matters will escalate with the stress of a busy schedule or trying to please too many at the expense of your health and financial well-being. Pick yourself up and put a plan in place that is cost-efficient and stress-free. ★★

PISCES (Feb. 19-March 20): A creative and disciplined attitude will get you through the day. Handle money matters with care and refrain from making shortsighted purchases. Put your energy into humanitarian causes that bring joy to others and make you feel good about yourself. Romance is favored. ★★★★ BIRTHDAY BABY: You are insightful, practical and ambitious. You are persistent and imaginative.

‘another way’ BY BENJAMIN FINK

The Universal Crossword • Edited by David Steinberg/Anna Gundlach/Jared Goudsmit/Andrian Johnson ACROSS 1 Back tooth 6 ___GPT (AI model) 10 Identical 14 Japanese cartoon genre 15 Volcanic ooze 16 Started a golf drive 17 Political group on the left 20 “That’s definitely true!” 21 Floors in a skyscraper 22 Aztecs’ SoCal sch. 24 Rae of Insecure 25 It’s between 90 and 180 degrees 30 Vinyl records, for short 33 Big name in Pieces 34 Kind of card for an actor 35 ___ the Terrible 36 Bad things to fall into 37 Mother’s Day month 38 Playground object with steps 39 His and ___ (words on some towels) 40 A looooong time 41 “I want to go with you!” 42 Extra periods: Abbr.

43 One may reduce your score on a game show 45 Woodwind instrument 47 Word before “sale” or “sign” 48 Redirect, as attention 51 Houston hoopster 55 “That’s so unfair!”...or a hint to 17-, 25- and 43-Across, in three other senses 58 Great Plains tribe 59 Vogue alternative 60 “Shucks, that’s really nice” 61 Sunbathers catch them 62 Pec neighbor 63 Lower-fat hamburger meat DOWN 1 Far from pleased 2 Dollar bills 3 ___ Emu (insurance mascot) 4 Love, in La Paz 5 House breaks 6 Like the most versatile driver’s license 7 Panama, e.g.

8 Hertz competitor 9 Touch-related 10 Dallas ___ (Texas’ only NHL team) 11 What a satellite photo provides 12 Dispense, with “out” 13 Ice cream brand marketed as Dreyer’s on the West Coast 18 ___ shotgun (sits in front) 19 It’s struck at a photo shoot 23 Strangely amazing 25 Prefix with -pedic 26 Green ___ (elite soldier) 27 They’re seen on happy faces 28 Mail carrier’s employer: Abbr. 29 46-Down guitarist Buddy 31 Luke and Leia’s mother 32 Scornful smile 35 Kinds 37 Cow call 38 Underground beach resident 40 Built 41 Kind of card for a psychic 43 Troubles 44 Red gem

46 Sorrowful music genre 48 Fashionable Christian 49 46-Down singer James 50 Piece of folklore 52 Auckland native 53 Poached ingredients in shakshuka 54 Nickname related to Teddy 56 Not healthy 57 Largest three-letter number Solution to today’s puzzle:

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Editor: Gerard S. Ramos • Friday, December 22, 2023

Marvel, Disney drop actor Jonathan Majors after he’s convicted of assaulting his former girlfriend NEW YORK—Jonathan Majors was convicted on Monday of assaulting his former girlfriend after a trial that he hoped would vindicate him and restore his status as an emerging Hollywood star. It did just the opposite: Marvel Studios and the Walt Disney Co. dropped him hours after the verdict. A Manhattan jury found Majors, 34, guilty of one misdemeanor assault charge and one harassment violation stemming from his March confrontation with then-girlfriend Grace Jabbari. She said he attacked her in a car and left her in “excruciating” pain; his lawyers said Jabbari was the aggressor. Majors, who was acquitted of a different assault charge and of aggravated harassment, looked slightly downward and showed no immediate reaction as the verdict was read. He declined to comment as he left the courthouse. His lawyer, Priya Chaudhry, said in a statement that he “still has faith in the process and looks forward to fully clearing his name.” While he was convicted of an assault charge that involves recklessly causing injury, she said his team was grateful for his acquittal on the other assault count, which concerned intentionally causing injury. “Mr. Majors is grateful to God, his family, his friends and his fans for their love and support during these harrowing eight months,” Chaudhry said. Marvel and Disney immediately dropped the Creed III star from all upcoming projects following the conviction, said a person close to the studio who spoke on condition of anonymity because he wasn’t authorized to speak publicly on the matter. Before his arrest, Majors had been on track to become a central figure throughout the Marvel Cinematic Universe, playing the antagonist role of Kang. Majors had already appeared in Ant-Man and the Wasp: Quantumania and the first two seasons of Loki. He was to star in Avengers: The Kang Dynasty, dated for release in May 2026. Majors’ sentencing was set for February 6. He faces the possibility of up to a year in jail for the assault conviction, though probation or other non-jail sentences also are possible. AP

Noel Bazaar opens third phase in Alabang

Noel Bazaar, one of the country’s longest-running holiday shopping havens, recently opened the third and last phase of its series at The Filinvest Tent at the Filinvest Corporate City, Muntinlupa City, to offer a wide array of unique gift options to residents of southern Metro Manila and suburbs. Dubbed as the “Christmas Bazaar with the Heart,” it is supported by GMA Network. Now on its 22nd year, it is offering a wide array of apparel, fashion accents, home furnishings, food, gift ideas, books, personal effects, novelty items, and fast-moving consumer goods. For a convenient digital shopping experience, and help micro, small and medium enterprises (MSMEs) for cashless convenience, particularly those who are not within the traditional banking system, Noel Bazaar has teamed up with Maya Philippines, Smart and PLDT. With the partnership, merchants can avail of the Maya Business’ 1-2-3 Grow Bundle where they can accept online or in-store payments, and help them increase income with Maya Business Deposit’s 2.5 percent annual interest. Portions of the proceeds of Noel Bazaar will benefit the charities supported by the Inquirer Foundation and GMA Network’s Kapuso Foundation, which has helped build 442 classrooms and eight bridges in needy communities for two decades. Present at The Filinvest City opening are GMA host Maureen Schrivers, GMA ambassador Rhian Ramos, GMA Kapuso Foundation EVP and COO Rikki Escudero-Catibog, Festival Supermall senior manager for corporate marketing Emily de Leon, Filinvest Land Inc. south cluster general manager Engr. Wesley Villanueva, Cut Unlimited marketing and promotion associate Jacque Bautista, Muntinlupa City Mayor Ruffy Biazon, Cut Unlimited president and CEO Mayose Gozon-Bautista, Philippine Daily Inquirer corporate affairs officer Bianca Macahilig, Smart Communications AVP GTM and subscriber management Racquel Alino, and Maya Philippines head of acceptance and SME Richard Labitag.

A gilded, glorious night with the Mabuhay Singers

as the concert begun? I was rushing into the Metropolitan Theater after a long, bad traffic. The usherette directed me to a side door from where, upon opening it, the lines from “Bundok Banahaw” rushed out to drown the city outside. I was there for the 65th anniversary concert of the legendary (this time the modifier was well justified) Mabuhay Singers. This was not the first time I was watching them or listening to them. The first experience I had listening to the Mabuhay Singers was in an inauspicious moment some three decades ago: I was running late for class when I passed by the auditorium on the ground floor of the building where my department was. At the door was Mike Coroza, the renowned poet and professor of Filipino, ushering in the guests to the hall that was slowly being filled with people. “The Mabuhay Singers are here?” I asked Mike. I remember what I did—I rushed back to the office and asked our dear secretary if she could mind my students who were then at an audio-visual hall to view a Japanese film for my class. “I won’t be long.” My excuse was lame. Then I found myself inside the hall, as the first chords from the guitars and the upright bass floated in. Then the voices followed: two male voices—one a tenor and the other a bass-baritone and the three female singers, the characteristic subtle swaying intact. The two guitarists joined in. The songs were all familiar, old, as in classic, music

of yesteryears when rice fields were celebrated for their scent, and the mountains and streams were crystal-clear and served as tropes for love that was eternal or of vows made more tender and bittersweet by the eloquence of lyrics. And yet, I must confess, my love for the Mabuhay Singers started a long time ago, in the wide living room of my maternal grandparents’ home in San Fernando, Ticao Island in Masbate. At one in the afternoon, triple-sized mats were laid out on the floor and it was mandatory for the young ones to take a nap. It was difficult to do so because at the kitchen, which was located one level down from the sala, the women—aunts and grand-aunts and grandmothers— were all preparing the merienda. Should it be rice cake? Or would they bake doughnuts? Is there enough camote in the sack? Who would fetch the brewed coffee from Mama Busing? I do not recall anymore the sleep induced in those afternoons but, at two or three in the afternoon, after the soap opera on the radio, the music would begin. “Pakiusap,” “Nasaan ang Sumpa Mo sa Akin,” “Pista sa Nayon.” Every now and then, the maudlin phrasing of Larry Miranda with his “Marupok na Sumpa” punctuated the afternoon. Then the “Pandangguhan” of Sylvia la Torre followed. A cool voice ensued next: Ruben Tagalog speaking the lyrics as if music was part of his speech. And then the group came back—the arrangement lilting, the contrapuntal voices thrilling. They brought in the wind from the far-off meadows, the sadness of the sea being watched and the sorrow in the songs of birds as they sang “Kon harapit na an adlaw matunod” (When the sun is about to set). This was the song of my grandmother and her cousins as they chorused in the language that was close to theirs, in their voices that were dulcet as they were melancholic. That house is now gone. The winds have ceased to blow through windows that were as wide as those of the old convent fronting our yard. But the singers of those songs are still here. Sixty-five years were

not enough to banish the passion for the music that defined generations—in furtive romances, in those grand cinemas, in the popular culture of a nation. It was in 1958 that the Mabuhay Singers as a singing group was formed. The Lovers Trio composed of Ador Torres, Bert Legaspi and Floro San Juan was teamed up with the Tres Rosas, which was powered by Carmen Camacho, Nora Hermosa, and Raye Lucero. They were all soloists and one could imagine the magic the group exuded. At a certain point, there were changes. On their 50th anniversary, Cely Bautista joined Raye and Carmen. That night—14 of December, 2023—only Raye Lucero and Carmen Camacho remained out of the original Mabuhay Singers. But the music had to go on. With Raye and Carmen were the so-called new blood: Emma Lucero, the daughter of Raye; Cecil Santos, Peping de Leon, Eddie Suarez, Ver Dayap, Marlon Marifosque and Jhune Victorino. They were further supported by the gallant Team Plaka, a stellar group comprised by Sonia Roco, a thespian and a singer, Felipe M. de Leon Jr., a cultural worker and an esteemed scholar, and the husband-and-wife tandem of Jeanette Job Coroza, a teacher and also a cultural advocate, and Michael M. Coroza, the latter considered to be the champion of the group. The overall concept of the anniversary concert was by DM Reyes, the noted academic and poet, and the direction was by Gerry Respeto, himself a literary scholar and theater director. Their gift was to show us artistry that belonged to the past, the present and the future. Thus, towards the last part, after all the plaintive harana music were performed, and it was time for songs about Pasko, the tiny stars were lowered from the make-believe heaven, and it was time for the admirers to chant “Mabuhay” to the Mabuhay Singers. Song after song was sung and the crowd would not let them go till all those bright lights swung across the sky and the moon came down to pay homage to these artists who offered not only their songs but their life to us. n

‘Unang Hirit’ delivers big surprises on their 24th anniversary TO mark its 24th year of delivering the latest news, fun segments, and public service to Filipinos, the longest-running morning show in the country Unang Hirit (UH) surprised viewers as the hosts took turns in delivering heart-warming gifts to deserving individuals from various places in the country. UH’s anniversary week kicked off on December 4 via the Grand Sorpresa Delivery Day—a whole day activity that drew emotional reactions to those who were given unexpected gifts and whose lives were touched. Hosts Suzi Entrata and Shaira Diaz surprised a housewife in Pandacan, Manila, with a brand-new 50-inch flat-screen TV. Asked why she was crying, the housewife Aling Belinda said: “Natuwa na po ako kasi wala po kaming ganyan [TV] eh.” UH anchor Ivan Mayrina and weather presenter Anjo Pertierra also got to experience being delivery riders when they delivered gifts to a mother in Quezon City. “Ang hinihiling ko lang [ay] may bigas ako na kakainin,” a tearful Nanay Josefina said. She received gifts beyond what she wished for when Ivan and Anjo revealed their deliveries—grocery items, a brand-new 50-inch flat screen TV, and P5,000! The giving continued the next day, December 5, as Susan Enriquez, Lyn Ching, and Kim Perez traveled to San Mateo, Rizal to fulfill a viewer’s wish. Sheila Laroga, longing to reunite with her family in Bicol after 10 years, was brought to tears when her family emerged from a giant balikbayan box as UH’s heartwarming surprise.

The family was also given a three-days, two-nights staycation package with cash for them to further enjoy their time together. Meanwhile, on December 6, a six-wheeler truck unveiled UH’s biggest event—the Sorpresa Truck Reveal. Arnold Clavio, Susan, Shaira, Kaloy

Tingcungco and Anjo shared in the excitement as the truck spread its wings. The unveiling was accompanied by the iconic singing of “Christmas in Our Hearts” by Jose Mari Chan while numerous individuals received prizes including brand-new TVs, oven toasters, and cash. On the fourth day, December 7, the Sorpresa Delivery headed north to Baguio City. Nanay Bella, a vendor in Burnham Park, received from Anjo and UH’s Kaloy and Jenzel Angeles, together with Abot Kamay na Pangarap stars Jeff Moses and John Vic de Guzman, a sack of rice, grocery items, and a special jacket containing P5,000 cash. To conclude the anniversary week, Mariz Umali, Shaira and Ivan visited Malabon City to deliver a grand surprise to Khomenie Alauya, a rider who went viral after losing his job when his motorcycle caught fire while helping a fellow rider. To cope with the situation, Khomenie had to send his family back to Mindanao while he did extra work with his friends. While sharing his emotional story, Ivan came from behind in a motorcycle to deliver a parcel: a brandnew motorcycle. “Talagang pipilitin ko na makabalik kayo dito,” Khomenie emotionally left a message to his family now that he could go back to being a rider. Throughout the week, notable personalities like Lani Misalucha, and Dingdong Dantes and Marian Rivera joined the 24th anniversary celebration. Catch Unang Hirit weekdays at 5:30 am on GMA and its official Facebook page.

Friday, December 22, 2023

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PICO DE LORO COVE’S GREEN INITIATIVES THROUGH ITS UPCYCLED HOLIDAY DECORS

CRAFTMAS items landscape

THE Tree of Hope will be in several locations throughout the property such as the lobby of Pico Sands Hotel, Lagoa at the Country Club, and the lobby of the Beach Club. To support the Tree of Hope project, for P300, guests can purchase a pack of coconut leaf fish ornaments handmade by the students of Bulihan Elementary School, hang the ornaments on the Tree of Hope, and proceeds from the sale will go to funding computers for the Bulihan

THE creative team Elementary School.

Craftmas with Love CRAFTMAS with Love are upcycled Christmas décor and novelty products handmade by the Housekeeping Team. Proceeds from the sale will go to funding computers for the Bulihan Elementary School. Festive products available for sale include limited edition table centerpiece, wooden reindeers, native coinbank, table lamp, wreath, pen holder, table centerpiece, Christmas tree trinkets in natural and colorful colors, condiments bottle, native bag (bayong), clay planters, kokedama, and garden essentials

Experience luxury skin care the French way at Le Meur Aesthetics

ITH the holiday season in full swing, social calendars are as active as ever. In the midst of all the hustle and bustle, don’t forget to treat yourself to an elegantly luxurious pampering experience at Le Meur Aesthetic Clinic. With Le Meur’s expertise in French beauty standards and skin care, you will surely be fresh and glowing at every holiday occasion. Located in the heart of Quezon City, Le Meur Aesthetics Clinic’s European-style interiors showcase elegance and style, ref lective of the luxury treatments that

cracked, frayed, or damaged lights since these are potential fire hazards. n Avoid using nails and thumb tacks when installing Christmas lights. Using nails, thumb tacks, and wire staples can damage Christmas lights and create fire hazards. Use light hangers instead which are available in hardware and home stores. n Avoid ‘octopus’ connections and overloading. Do not plug extension cords into one another or octopus connection. Overloaded electrical outlets or extension cords is one of the most common causes of fire incidents. n Unplug Christmas lights and other appliances when not in use. Remember to unplug Christmas lights and other appliances when not in use or before leaving the house. n Have an available fire extinguisher at home. To ensure safety during the holiday season, have a working fire extinguisher ready at home in case of emergencies. Customers can report power outages and other concerns to Meralco through its official social media accounts on Facebook (www.facebook.com/meralco) and X formerly Twitter (@meralco). They may also text their concerns to 0920-9716211 or 0917-5516211 or contact the Meralco Hotline at 16211 and 8631-1111.

Giant Christmas Tree

Tree of Hope

HE Manila Electric Company (Meralco) has assured its customers of its readiness to respond to any electricity service concern throughout the holiday season. While Meralco Business Centers will be closed on declared holidays December 25, 26, 30 and January 1, the company’s operations crews will be on standby 24/7 throughout the holiday season, even on Christmas Day, to keep the lights on and ensure a bright, merry, and accident-free celebration for its 7.8 million customers. “We encourage our customers to practice electrical safety for a bright and accidentf ree hol id ay celebrat ion. Rest assu red, contingency measures are in place and our crews are on standby ready to respond to any concern on our electricity service,” Meralco Vice President and Head of Corporate Communications Joe R. Zaldarriaga said. With the holiday season in full swing, Meralco also advised the public to prioritize safety to avoid any untoward electricityrelated incident. Here are some electrical safety tips for customers this holiday season: n Use Christmas lights with quality control markings. Make sure to use the appropriate type for indoor and outdoor setting. For those who are re-using Christmas lights, check for

Paraiso Craft Beer Style Partners with Nadine Lustre to Elevate Filipino’s Drinking Experience

ICO Sands Hotel and Pico de Loro Beach and Country Club strengthen their commitment to environmental responsibility as they continue to make significant changes to promote eco-friendly practices throughout the property. For this year, the holiday decors are themed “Joys of the Sea,” which feature different sea creatures to promote marine protection.

THE 30 ft giant Christmas Tree is currently displayed at Pico Beach, adorned with colorful sea creatures made from upcycled materials. It is handcrafted by a small team led by Housekeeping Supervisor and Chief Designer Florencio Garcia, using old fishing nets, plastic bottles, and recycled cardboard. The sea creatures were made of papier-mâché and each one represents a different kind of joy, from the joy of swimming in the ocean to the excitement of finding a new treasure.

Meralco on full alert this holiday season

the clinic offers. From their lavish waiting areas and treatment rooms to their state-of-the-art machines and latest innovations in skin care, Le Meur boasts of services that are designed to give the best results possible to their clients. Le Meur’s best-selling treatments are the Le Meur Signature Facial and Hydra Skin Master Facial, designed to give clients optimum skin care at competitive prices. The clinic also has offerings that target very specific needs for skin and body care and rejuvenation. Some of their popular procedures include rhinoplasty,

(coconut husk, coconut chips, wood chips, and coconut fiber mulch). The Housekeeping Team made use of locally sourced and recycled raw materials such as discarded linens, upcycled wine bottles, dried coconut leaves, coconut husk, dried seeds, driftwood, and bamboo. Pico de Loro Cove’s festive initiatives are a sparkling reminder of the magic of the holiday season and the importance of protecting our planet. Their commitment to nature is inspiring, and it shows that it is possible to celebrate the holidays in a way that is both festive and environmentally friendly.

liposuction, buccal fat removal, and the painless BTL Ultra Femme 360, a popular intimate treatment for ladies. For an indulgent bonding experience, Le Meur Aesthetics offers a couple room for besties or couples. Clients may choose to enjoy a full French-inspired skin care experience and a wide array of other Le Meur services. These include facials, drips, scrubs, injectables, and other advanced treatments for the face and body. Le Meur also provides online clinic consultations with their in-house skin care specialists. These reliable and efficient consultations help clients plan out a personalized program to address their concerns and goals. The clinic offers a wide variety of options to suit the client’s wishes. And because skin care is a commitment, Le Meur also has its own line of skin care products so clients can continue the Le Meur approach to skin care even when clients are not in the clinic. Their divine assortment of luxe acne treatment gels, anti-aging sunscreens, face serums, and facial cleansers are available in regular and travel sizes. Ready for your French luxury beauty experience? Visit Le Meur Aesthetics at Steelworld Tower, NS Amoranto corner Biak Na Bato, Quezon City. For more information visit their Facebook page Le Meur Aesthetics. For inquiries and bookings, call 0917-639-6963 or 0917160-5523.

N the Philippines, sharing a drink isn’t just a routine; it’s a celebration of joy and connection. With a growing thirst for unique f lavors, there’s a newfound excitement for beverages that go beyond the ordinary. Enter Paraiso Craft Beer Style, a contender that promises a fresh and exciting drinking experience. Paraiso was created out of the desire of Asia Brewery Incorporated to share one-ofa-kind beer f lavors to Filipinos all over the country. They believe that everyone should be able to enjoy a beverage that caters to their own unique taste and preferences. Paraiso’s commitment to bring unique f lavors is evident by their two beer variants, Lakas and Bighani. Lakas, a robust and full-bodied craft lager, stands tall with a unique 6.9 percent alcohol content. Its smooth mouthfeel is accompanied by a rich symphony of hop f lavors and spices, promising a gratifying sip with every indulgence. On the other hand, Bighani, a citrus-infused craft beer, unveils a captivating aroma and a burst of orange notes that dance on the palate. With a refreshing crisp finish, this craft lager style, boasting a modest 5 percent alcohol content, embodies a perfect balance of malt profiles and subtle bitterness. As we explore the f lavors of Lakas and Bighani, it becomes evident that each variant is a masterful creation, catering to diverse tastes and preferences. As we savor the flavors offered by Paraiso beers, it’s only fitting that the essence of this exceptional experience finds its perfect match in Nadine Lustre. Nadine, a trendsetter in the entertainment industry, effortlessly embodies a unique blend of elegance, charisma, and

individuality that resonates with the spirit of Paraiso. With her unapologetic sense of self, Nadine epitomizes Paraiso’s unwavering commitment to foster an environment that celebrates individuality and embracing the extraordinary, making her the perfect muse for Paraiso. Paraiso invites everyone to embark on a journey where diversity meets distinctive tastes. It’s a toast to the f lavors that define our individual paradise, a testament to Paraiso’s mission to craft an inclusive drinking experience. Get a taste of Paraiso at 7-11, Puregold, Robinsons Super markets, Lawson, Wa ltermart, Shell Select, Landmark, and other leading supermarkets and convenience stores nationwide.

Gerry’s offers holiday favorites, cater-to-go

ERRY’S is more than ready to serve Filipino revelers this Yuletide season by offering the all-time favorite set meals and ushers more convenience among them by providing its cater-to-go service to keep up with the demand of the holiday rush. T his all-time favorite Filipino restaurant established 26 years ago remains a go-to place this year through meal sets to choose from. Dine-in set Meal 1 includes the fusion of best-seller dishes such as lumpiang shanghai, fried chicken, sizzling sisig, prime beef kaldereta, buko pandan, platter of rice and iced tea for only P2,099 good for four persons. Dine-in set Meal 2 includes pancit canton, beef kare-kare, sizzling sisig, inihaw na pusit, buko pandan, platter of rice and choice of drinks for only P2,349. An additional of 10 percent of the base price is applied for delivery of any of these packages. For those who would like to enjoy the Gerry’s dishes in the comfort of their home, the restaurant also thought of offering orders for take-out, pick-up or delivery through their cater-to-go options via GrabFood or by calling the branch’s hotline. Available branches can be accessed through their web-

site at https://gerrysgrill.com/phl#branches. Option to visit the store to order directly is also available. Here’s the catch, there’s no minimum spend required. Recently, Gerry’s opened new branches in Robinsons Galleria in Ortigas, SM City Bataan, and SM Dasmariñas adding to its growing store network nationwide including Cagayan Valley, Central Luzon, Central Visayas, Eastern Visayas, National Capital Region, North Luzon, South Luzon, Western Visayas and more international outlets.

mirror_sports@yahoo.com.ph | Editor: Jun Lomibao

Sports BusinessMirror

Friday, December 22, 2023 B7

Shielding tennis players from online abuse L

ONDON—A new monitoring service will help protect tennis players from online abuse and threats, the International Tennis Federation (ITF) and other governing bodies said Wednesday. In their joint announcement, ITF, US Tennis Association (USTA), the All England Club and the Women’s Tennis Association (WTA) tour said the “Threat Matrix” service will operate in 35 languages when it launches January 1. “Tennis players are subject to significant levels of social media abuse and other inappropriate online contact, which poses risks to preparation, performance and mental health,” the statement read. “The Threat Matrix service will support the identification of abusers, against whom all available measures will be taken.” Threat Matrix is “a specialist service developed by AI company Signify Group.” The new service “will monitor players’ public-facing social media for abusive and threatening content” on X (formerly known as Twitter), Instagram, YouTube, Facebook and TikTok. “Tennis must be a sport in which players can compete to the best of their ability, free from any form of harassment,” said David Haggerty, president of the International Tennis Federation. The men’s Association of Tennis Professionals (ATP) tour and organizers of the Australian Open and French Open were not part of

Uy best-placed among PHL bets in AsPac golfest

ANIELLA UY defied expectations and emerged as the standout performer after 18 holes of the Asia Pacific Cup by matching par 72 to trail Thai ace Atthaya Thitikul, Korean amateur Hyosong Lee and two others by four in Jakarta Thursday. Uy, the least-credentialed among the four Filipinas entered in the tournament, mixed two birdies with the same number of bogeys at the Pondok Indah Golf Course that provided a stern test for a diverse field slugging it out for top honors and princely prizes both in individual competition and team play spread over three days. The reigning Ladies Philippine Golf Tour Order of Merit champion set her bid in motion with a birdie on No. 2 but a slip on the par-three No. 8 and a subsequent bogey on the 10th tested her mettle. Undeterred, Uy rebounded with a birdie on No. 11, setting the stage for a gutsy run of pars that led to a pair of 36s for a share of 14th with Japanese Nasa Hataoka, Diksha Dagar of India and Korean amateur Minson Kim. Bianca Pagdanganan posted a one-over 73 while defending champion and fellow International Container Terminal Services Inc.backed campaigners Princess Superal and Ladies Professional Golfers Association and Epson Tour veteran Dottie Ardina wavered with 74s in a wobbly start for the three seasoned campaigners tipped to contend and keep the individual crown for the country. The big-hitting Pagdanganan failed to get untracked although she managed to bounce back from two mishaps (Nos. 2 and 8) with birdies (Nos. 4 and 12) before running out of holes to essay another rebound from a third miscue on No. 16. She ended up with a 37-36 for joint 18th.

BIANCA PAGDANGANAN in action in Jakarta.

Wednesday’s announcement. Jannik Sinner earned the ATP’s Most Improved Player and Fans’ Favorite awards on Friday, while Darren Cahill and Simone Vagnozzi shared Coach of the Year honors for working with the 22-year-old Italian. Sinner led Italy to its first Davis Cup championship since 1976, won his first Masters 1000 trophy and made it to the title match at the ATP Finals before losing to Novak Djokovic, while finishing the 2023 season at a careerbest No. 4 in the rankings. Djokovic finished at No. 1 for the eighth time, adding to his record, after winning three Grand Slam titles and making the final at the year’s other major tournament. Other ATP award winners include Jan-Lennard Struff for Comeback Player of the Year and 19-year-old Arthur Fils for Newcomer of the Year. Carlos Alcaraz won the Stefan Edberg Sportsmanship Award, and Felix Auger-Aliassime received the Arthur Ashe Humanitarian Award. Djokovic and Aryna Sabalenka were honored as the ITF’s 2023 ITF World Champions on Thursday after being the only singles players to reach at least the semifinals at all four Grand Slam tournaments this season. Djokovic, who finished at No. 1 in the ATP rankings for a recordextending eighth time, won the Australian Open, French Open and US Open to raise his major trophy total to a men’s-leading 24 and was the runner-up at Wimbledon. He went 56-7 and led the men’s tour

with seven titles. This is his eighth ITF World Champion award, also a record. Sabalenka received the honor for the first time after winning the Australian Open for her first Grand Slam title, finishing as the runner-up at the US Open and making it to the

Baguio, Cebu City kids show way in tight overall championship race

THE new service will monitor players’ public-facing social media for abusive and threatening content on X, Instagram, YouTube, Facebook and TikTok. AP semifinals at the French Open and Wimbledon. Sabalenka made her debut at No. 1 in the WTA rankings in September, before finishing the year at No. 2 behind Iga Swiatek, the WTA Player of the Year. Other ITF World Champions included Storm Hunter and Elise Mertens in women’s doubles, Rajeev Ram and Joe Salisbury in men’s

doubles, Diede de Groot in the women’s wheelchair category, Alfie Hewett in the men’s wheelchair category, Niels Vink in the quad wheelchair category, and Alina Korneeva and Joao Fonseca in the juniors categories. ITF World Champion selections place extra emphasis on Grand Slam events and ITF international team competitions. AP

By Josef Ramos

AGUIO City and Cebu City went almost neck and neck in the medals race of the Batang Pinoy nationals on the penultimate day of competitions with both local government units (LGUs) occupying the top of the table with 17 gold medals each. But the Baguio City kids—one of them Chase Mhaiven Colas who bagged four archery gold medals so far—had two more silvers with 16 and nine more bronzes with 28 over the Cebuanos. And with the Philippine Sports Commission (PSC) dangling incentives to the top five LGUs at the close of competitions on Friday, overall supremacy in the 26-sport Batang Pinoy cramped in only five days appeared to be anybody’s game. Davao City was No. 3 with 16 golds, followed closely by

SBG tells Carranglan youth to actively engage in sports

ENATOR Christopher “Bong” Go emphasized during the inauguration recently of the Puncan Gymnasium in Carranglan the crucial role of sports in steering Filipino youth away from illegal drugs and criminal activities. Go, chair of the Committee on Sports and vice chair of Finance, commended the local government and Rep. Jose Gay Padiernos of GP Partylist for initiating the project. He expressed support for their efforts of improving local infrastructure and promoting a vibrant culture grounded in sportsmanship and a healthy wellbeing for their constituents. “As your chairman of the Committee on Sports, I want to protect your kids from illegal drugs,” Go said. “Get into sports, stay away from drugs to keep healthy and fit.” The Puncan Gymnasium—a facility dedicated to fostering a healthy and active lifestyle in Nueva Ecija—is a testament to Go’s vision.

Go underscored the gymnasium’s role not just as a physical space but as a community hub for nurturing talent, discipline, and camaraderie among the youth. Go also expressed his intent to support local sports leagues and clinics as platforms for young athletes to showcase their skills and embrace the discipline of sports. The senator’s call to action, “Get into sports, stay away from drugs,” resonated strongly with the audience, comprising local leaders, youth and community members. Go said that this not only encapsulates his policy approach towards youth development but also aligns with the broader national agenda of combating drug abuse and criminality championed by former president Rodrigo Duterte. Go, adopted son of Nueva Ecija, acknowledged key local leaders for their contributions to the community. He thanked Padiernos and Rep. Joseph Violago for their service in Nueva

Ecija, along with Governor Aurelio “Oyie” Umali and Vice Governor Emmanuel Umali for their leadership. Acknowledgments were also extended to Mayor Ogie Abad, Vice Mayor Ricardo Manucdoc and former mayor Mary Abad for their roles in local development, among others. Go also supported numerous development projects in the province including the construction of the Talavera National High School Amphitheater; rehabilitation of roads in Cabiao, General Tinio, Pantabangan, Zaragoza and Cabanatuan City; construction of flood mitigation structures in General Tinio, Quezon, San Antonio and Zaragoza; construction of multipurpose buildings in Gabaldon, Sta. Rosa and Cabanatuan City; completion of Dr. Paulino J. Garcia Memorial Research and Medical Center in Cabanatuan City; reconstruction of the Llanera public market; and rehabilitation of the Baloc public market; and the installation of streetlights. He also assisted struggling residents in Carranglan.

Mandaluyong and Zamboanga City with 14 apiece. But lurking in the shadows was Quezon City at No. 6 with 13 gold medals and Muntinlupa at No. 8 with 11 mints. The champion LGU gets a P5million incentive from the PSC with the second to fifth placers banking P4 million, P3 million, P2 million and P1 million, respectively. Colas, a former swimmer whose transition to the bow and arrow gave him an enormous sweep of eight events in Vigan City last year, scooped four titles so far in the under-15 recurve FITA (1440 rounds) 60 meters and overall events held at the Rizal Memorial Baseball Stadium Thursday. The 14-year-old eighth-grader at the Baguio City National High School, however, missed the gold in the 50 meters. “My parents are my motivation, they are my inspiration, and this is a good step to pursue my Olympic dream,” said Colas, whose mom, Marge Nawew, works as a teacher in Vietnam. Colas scored 1322 in the FITA event for the gold medal with Marikina’s Gianmarco Echiveri Santos grabbing silver with 1269 and Cotabato City’s Maurice Keith Salac Rodrigo bagging bronze with 1249. He made 331 in the 60 meters while Santos and Rodrigo shot 311 and settled for the silver and bronze, respectively, after the tiebreak. Santos, however, foiled another Colas sweep in the 50 meters where he beat the Baguio City bet, 329-321. “I can no longer duplicate what I did in Vigan but I am really happy to what I did,” Colas said. “I was a swimmer in 2019 [Puerto Princesa City] and I didn’t win any medal. With archery, I guess I made the right choice.” He secured on Wednesday the 30 and 40 meters events. Parañaque City’s Micaela Jasmine Mojdeh, meanwhile, claimed her fifth swimming gold medal in the girls’ 16-17 200m butterfly with 2:21.48, beating Antipolo City’s Rio Balbuena (2:29.42) and Dasmariñas City’s Renavive Subida (2:31.31). BAGUIO City’s Chase Mhaiven Colas is on target and so is Santa Rosa City’s Samantha Bandojo. NONIE REYES

FiberXers’ 747 Dota tops PBA ‘Bakbakan’

HE Converge FiberXers’ 747 Dota team ruled the Philippine Basketball Association (PBA) Esports Bakbakan Dota 2 tournament after beating Barangay Ginebra’s Manta Esports in the finale of the competition that drew more than 160 teams. 747 Dota beat Manta Esports, 3-2, in to pocket the P150,000 top prize out of the total P250,000 pot in the season closer of the inaugural PBA Esports Bakbakan that earlier featured MLBB, PUBG Mobile, Streetballers and Call of Duty Mobile Conferences. Marvin “Boomy” Rushton, Muhammad “InYourdreaM” Anugrah, Daud “Db-” Budiawan, Karl “Karl” Baldovino and Jaunuel “Jaunuel” Arcilla composed the champion team in the event powered by Dark League Studios and presented by Converge. Carl “Dric” Ricafrente, Edjee “Blu” Icot, Jayquem “Kimizu” Gumalan, Dexmhalon “Gohan” Dignadice, Mohammed “Kuch” Almusally and James “Jameslord” Garcia settled for runner-up honors and the P70,000 prize.

It was a successful event drawing a total of 163 teams from as far as Nueva Ecija, Cebu, Dumaguete, and even Filipinos from Australia and Cambodia, and enjoying 1.7K peak views. It started with the offline qualifiers in November before the season proper that eventually featured 747 Dota carrying the Converge banner and Manta Esports flying the Ginebra flag. Others making the season proper were Blackwater Bossing Smooth Razor (Showbox), NLEX Road Warriors (Team G), Terrafirma Dyip (Noir), Meralco Bolts (Midnight Lambingan), San Miguel Beermen (Ragtag), Rain or Shine Elasto Painters (Team Bislog), Phoenix Super LPG (Sharks), NorthPort Batang Pier (Alagad ni Balong), Magnolia Hotshots (Team FX) and TnT Tropang Giga (D-Roar Seed). Competing teams figured in a single eliminations in the qualifiers, then double eliminations in the season proper, with Manta Esports and 747 Dota ending up paired with D-Roar Seed and Sharks, respectively, in the best-of-three semifinals.

Motoring BusinessMirror

Henry Ford Awards Best Motoring Section 2007, 2008, 2009, 2010 2011 Hall of Fame

B8 Friday, December 22, 2023 Story & photos by Randy S. Peregrino

FTER successfully debuting the sixth-generation Honda CR-V, Honda Cars Philippines (HCPI) hosted an experiential drive event. The extensive drive took us to the long stretches of expressways going to SUBIC, the long winding roads of Bataan passing the old Nuclear Power Plant, and back to SUBIC. These varying road conditions have put the new powertrains and advanced driver-assist safety features to the test, and they did not disappoint. The All-New Honda CR-V has grown, dimension-wise, including the wheelbase. The fresh exterior features a prominent front grille with keen-looking headlamps, bolder body lines, and a sleek roofline. Interiorwise, it is all about high quality, toughness, versatility, and the bigger cabin space. Of course, there is that familiar Civic-inspired dashboard design and the return of the shift lever in all variants. Not only available in e:HEV E-CVT (full hybrid system) and enhanced 1.5-liter VTEC turbocharged engine options, but also equipped with the proven and tested Honda SENSING, comes standard with the newest Honda CONNECT telematics system.

Boosted and AWD

THE 1.5 VX Turbo CVT AWD variant fitted with the enhanced 1.5-liter D irec t Injection DOHC VTEC engine was up for the initial test – a first in the All-New Honda CR-V (Philippine market). The result of these upgrades is 187 hp and 240 N-m of torque power outputs. Behind the wheel, the more potent boosted engine was evident. Never did the more oversized frame feel heavier to haul along with the AWD mechanism. Step on it, and the motor will effortlessly respond. Taking it easy on the accelerator pedal worked best for the CVT as it gradually pushed the rpm ranges for the turbo to spool and produce the needed boost. The vehicle was stable with minimal bounces.

Editor: Tet Andolong • www.businessmirror.com.ph

WHETHER BOOSTED OR ELECTRIFIED,

THE ALL-NEW CR-V DELIVERS

piano black shark fin antenna, and RS design 18-inch piano black alloy wheels. Apart from the myriad tech features inside, the finishes are piano black and brushed metal trims. There is also a new Honda Smart Key Card Entry and a Bose Premium Audio System with 12 speakers. Also available are intelligent dual-zone automatic, black leather seats with red stitching, four-way power lumbar support, and two-row seating.

Honda Sensing is the way to go

THE All-New Honda CR-V 1.5 VX Turbo CVT AWD in Lunar Silver Metallic and 2.0 RS e:HEV E-CVT in Platinum White Pearl

Depending on one’s sound sensitivity, the noise level inside was tolerable. On winding roads, things became more engaging. In Sport mode, the engine rpm is retained mostly at optimum ranges, enabling more boost and, hence, more torque during uphill. Even overtaking was manageable without hesitation. The said drive setting also aided in engine braking during descents. With the steering’s good feedback, all that was needed were the correct braking and turning. Here was where the AWD system became reliable. Traction on all wheels provided the required grip and momentum, tackling tight or long curves. Distinct to the VX variant is a newly designed front grille in Piano Black with LED headlights/daytime running lights and sequential front turn signals complementing all the vehicle’s exterior elements. Also, the Power Tailgate with Walk Away Close is standard. Inside, seats are wrapped in black leather with eight-way Power Memory Seats (Driver’s side) and four-way (Passenger side). The second-row seats are sliding and reclining, plus the

folding third-row seats. There is also Piano Black and Wood finishes. Apart from the 10.2-inch Full Digital Instrument Cluster and the nine-inch touchscreen infotainment’s long list of tech features, other notable ones are the Active Noise Control, Honda Smart Key Card Entry, push-to-start system, wireless charger, eight-speaker sound system, and Intelligent Dual/Tri-Zone Automatic, among others.

Full hybrid system

NEXT in line was the 2.0 RS e:HEV E-CVT variant. This full hybrid system is Honda’s high-efficiency electrification solution for a carbon-neutral society. The top-spec model is equipped with a powerful combination of two electric motors (the Traction Motor and the Generator Motor) and a new fourcylinder, 2.0-liter Direct Injection Atkinson Cycle engine. Power-wise, the engine alone generates 146 hp and 183 N-m of torque, while the electric motors dish out 181 hp and 335 N-m of torque. Behind the wheel, the experience was on a whole new different level. First, push that

ignition button, and everything switches on minus the cranking motor sound. It is almost negligible whenever the motor fires up, just the muffled idling motor sound. Then, shift to drive, step on it, and the hybrid driving experience is on. Driving along the winding roads of Bataan, the instantaneous torque from the electric Traction Motor was unrelenting. Acceleration was swift yet smooth. Impressively, the gasoline engine only retained revs at the low-end ranges most of the time, enough to power the electric motor while charging the battery, only during a few instances reaching high speed on straights where the gasoline motor takes over entirely with higher rpm. But the transition was remarkably seamless. Everything below high speed was purely in hybrid mode. There were a few instances when the battery level was enough; the vehicle ran on electricity at low speeds. O ver taking was even faster and easier, thanks to the available substantial torque. For the most part, Normal drive mode was utilized, but interestingly, when Spor t mode is on, there is an artificial accelerating engine note. Put the shift lever on “B,” and the regenerative braking is on, which is beneficial during descents and while tackling curves. Having combined impressive steering feedback and regenerative braking (with degree level control via paddle shifters), all needed

was the right braking point and steering. On the freeway, the gasoline engine took over at high speeds. But everything inside was tranquil thanks to the top spec’s better NVH insulation. Here, the hybrid and engine modes interchanged seamlessly depending on the speed. The “Power Flow Information” was displayed throughout the drive on the infotainment screen. Exclusive to the top-spec 2.0 RS e:HEV E-CVT is the RS design grille, panoramic sunroof, piano black side mirrors with turn signals, gloss black finished door sash, front, and rear LED fog lamps, body-color rear spoiler with piano black accents,

A L L variants have the latest Honda SENSING driver-assistive technology, with a new front sensor camera with a broader field of view and a radar system with a 120-degree view angle. Cars, motorcycles, bicycles, and pedestrians are now better detected. At the entire stretch of the expressways, the Honda Sensing convincingly delivered. With the Adaptive Cruise Control (ACC) with Low-Speed Follow (LSF) enabled, the system actively kept the pace based on the vehicle upfront by picking up, slowing down, and applying brakes to keep a safe distance. Meanwhile, the Lane Keeping Assist (LKAS) actively operates the steering within visible lanes, even on long bends. As for the Road Departure Mitigation (RDM) with Lane Departure Warning (LDW), there was slight resistance and movement during lane changes without using the turn signals. Of course, the Collision Mitigation Braking System (CMBS) was always active in flashing warnings on the screen for collision alerts.

INTERIOR-WISE, it is all about high quality, toughness, versatility, and the bigger cabin space.

Race winners revealed; carbon neutrality PROMOTIONAL MEDIA 1. Pattice Tenorio Zigwheels 2. Mica Delos Reyes Philippine Star 3. Lyka Tan Carmudi

INALLY, I got the results of the overall winners in the just-ended TOYOTA GAZOO Racing Vios Cup, thanks to Shaina Mae Semana. I’m so interested because I was at the SMC-Clark International Speedway during all three races, joining a weekend crowd too enthusiastic like me as to not miss a single action on the fabled race tracks in Pampanga.

Here they are, the gallant victors: SUPER SPORTING CLASS: 1. John Dizon JD Motorsports-RibbonArc 2. Joaquin Garrido Toyota North Edsa-Obengers 3. Gerard Loy R Racing SPORTING CLASS 1. Russel Cabrera Toyota Cebu 2. Maila Alivia JBT Racing/Toyota Isabela 3. Mikey Kailani Jordan Toyota Otis Inc.-Obengers PROMOTIONAL CLASS 1. Alain Alzona Toyota GenSan/Chooks-To-Go 2. Jarond Mesina Toyota Cebu 3. Paolo Ayo TCC-Edgesport TEAM AWARDS 1. Toyota Cebu Alpha 2. Toyota Cebu Bravo 3. Happy Hotel/Chooks-To-Go

SPORTING MEDIA 1. Wowie Go C! Magazine 2. John Rey San Diego Autocar 3. Ronald Delos Reyes Philippine Daily Inquirer PROMOTIONAL INFLUENCER 1. Ezra Domingo 2. Arianne Bautista 3. Genesis Redido SPORTING INFLUENCER 1. Reph Bangsil 2. Carla Lizardo-Sulit 3. Lexi Mendiola Did you miss some action, including the performance of popular indie band Sunkissed Lola? Watch everything on livestream at TGR Vios Cup Races supported by Bridgestone and Petron, and sponsored by Denso, AVT, 3M, ROTA, Tuason Racing, Kinto and myToyota wallet.

Jojo’s speech

THE following is the speech in the recent Lexus-Toyota Motor Philippines (TMP) “Go Electrified” event at BGC in Taguig by Josephine “Jojo” Villanueva, TMP vice president for corporate affairs. “ Toyota is deeply committed to contributing to our global carbon neutrality goal. Our goal is to enable Filipinos to adopt practical and sustainable mobility solutions. “This commitment goes beyond vehicle development, as we also actively manage greenhouse gas emissions throughout the entire vehicle life cycle, including

manufacturing, distribution and use. “This comprehensive approach underscores our unwavering commitment to achieving carbon neutrality. “Locally, at TMP, we leverage renewable energy sources and implement energy efficiency measures at our Santa Rosa City plant. This dedication to sustainability has resulted in imminent emission reductions from electricity, marking a significant milestone in our green manufacturing journey. “Our efforts extend beyond our own operations, encompassing dealerships, suppliers and logistics operations. We ac tively advocate for industr y-wide collaboration towards decarbonization, recognizing the collective impact we can achieve by working together. “While current climate action often focuses on adaptation, Toyota remains equally committed to regeneration. We strive for a net positive environmental impact through initiatives like reforestation. For this year alone, we planted over 35,000 trees in our adopted greening sites across the country. Additionally, we are dedicated to the efficient use of natural resources and effective management of waste. “In conclusion, every individual, regardless of Toyota affiliation, has the potential to champion carbon neutrality. Together, we, the members of Team Toyota, are driving electrifying change for our planet.” Good job, Jojo.

PEE STOP IT took almost six months

before the replacement of virtually irreplaceable Atty. Albert Arcilla as TCCCI president was revealed: veteran industry leader, Fe Agudo. “I retired as early as July 2023. At 60, thought it was a good time to retire while still healthy and I can enjoy life,” said Albert, my bosom buddy for the longest time. Nice move, Albert. Time is of the essence, indeed. Godspeed...Kath Maramba says Naoyuki Takeda is the new president and CEO of Sojitz G Auto Philippines. Welcome to our humble shores, Sir... Merry Christmas to one and all!

GOVERNANCE COMMISSION FOR GOVERNMENT-OWNED OR -CONTROLLED CORPORATIONS A BusinessMirror Special Feature

www.businessmirror.com.ph

Friday, December 22, 2023 C1

GCG CELEBRATES EXCELLENCE IN GOCCS AT INAUGURAL AWARD CEREMONY

countability, transparency, and integrity in (their) endeavors so that we can serve our people best, more efficiently, and more effectively.”

HE Governance Commission for Government-Owned or Controlled Corporations (GCG) was created under Republic Act No. 10149, otherwise known as the “GOCC Governance Act of 2011,” as the central policy-making and regulatory body mandated to safeguard the State’s ownership rights and ensure that the operations of GOCCs are transparent and responsive to the needs of the public. Simply put, GCG is the agency that regulates state-owned corporations. Under RA 10149, the GCG is empowered to: nOversee the selection and nomination of directors/trustees and maintain the quality of Board Governance; nInstitutionalize transparency, accountability, financial viability and responsiveness in corporate performance by monitoring and evaluating GOCC’s performance;\ nRationalize the sector through streamlining, reorganization, merger as well as recommending

to the President of the Philippines the privatization or abolition of GOCC; and nEstablish compensation standards to ensure reasonable and competitive remuneration schemes that attract and retain the right talent. GOCCs are state-owned enterprises that conduct both commercial and non-commercial activity. An example of a GOCC is the Government Services Insurance System or GSIS, a social security system for government employees. GOCCs are expected to perform government and business

Raising the Standard of Public Corporate Governance

The Land Bank of the Philippines is the top-ranking GOCC for CY 2022 with an overall CGS score of 102.5 percent.

functions and at the same time provide essential services to the public. They receive subsidies from the government. The government likewise collects a substantial amount of dividends

from GOCCs to help fund priority programs and projects. This year, the GCG conducted the inaugural GOCC Governance Awards Ceremony to recognize GOCSS for their outstanding disclosure

practices and performance ratings. In a video message, President Ferdinand “Bongbong” Marcos Jr. extended his congratulations to the GOCCs for demonstrating excellence and urged them to “uphold ac-

Thirteen (13) GOCCs received their award for garnering the highest Corporate Governance Scorecard (CGS) ratings for calendar year (CY) 2022, while three (3) entered the CGS Hall of Fame. The Land Bank of the Philippines (LANDBANK) topped the list of awardees with an overall CGS Rating of 102.50. The Bases Conversion and Development Authority (BCDA), Development Bank of the Philippines (DBP), and Government Service Insurance System (GSIS) received the CGS Hall of Fame Award. These GOCCs were the first to receive this distinction in history for consistently being in the top ten (10) of CGS ratings since 2017. The CGS is an evaluation tool which assesses the corporate governance initiatives (e.g., stakeholder relationships, disclosure and transparency, and responsibilities of the Board) of GOCCs through a methodology benchmarked against international practices.

Continued on C2

GOVERNANC

FOR GOVERNMENT-OWN

A BusinessMirr

C2 Friday, December 22, 2023 | www.businessmirror.com.ph

GCG CELEBRATES EXCELLENCE IN GOCCS AT INAUGU Continued from C1

Delivering Performance Results

Ten (10) of the highest ranking GOCCs according to their 2022 Performance Scorecards were also celebrated for the achievement of

breakthrough results, namely: nBases Conversion and Development Authority (BCDA), nClark International Airport Corporation (CIAC), nGovernment Service Insurance System (GSIS),

nHome Development Mutual Fund (Pag-IBIG), nLand Bank of the Philippines (LANDBANK), nLBP Resources and Development Corporation (LBRDC), nPhilippine Amusement and

The Governance Commission with the Government Insurance System, another CGS Hall of Fame Awardee for CY 2022.

Gaming Corporation (PAGCOR), nPower Sector Assets and Liabilities Management Corporation (PSALM), nSocial Security System (SSS), and nTourism Infrastructure and Enterprise Zone Authority (TIEZA). Three GOCCs received awards for exhibiting a remarkable improvement in their Performance Scorecard ratings from 2021 to 2022. These GOCCs are LBRDC, Philippine Charity Sweepstakes Office (PCSO), and Tourism Promotions Board (TPB). The Performance Evaluation System (PES) of the GCG is the process of appraising the accomplish-

ments of GOCCs in a given fiscal year based on a set of performance criteria, targets, and weights reported in a Performance Scorecard. “GCG’s monitoring and handholding of GOCCs in their yearly performance targets ensure that the GOCCs are aligned with the policy direction of the government,” said Executive Secretary Lucas P. Bersamin during his keynote message.

Commitment to Excellence

Bersamin also emphasized the critical role of the GCG as the oversight body of GOCCs. He said that, “GCG’s corporate governance policies strengthen the values and gov-

ernance culture in every GOCC.” Despite the challenges faced by public corporations, GCG Chairperson Atty. Marius P. Corpus applauded GOCCs for their passion and resilience in exuding excellence in delivering services and inculcating the principles of good governance. This year, the GCG expanded the inaugural GOCC Governance Awards Ceremony to recognize not only corporate governance practices, but also the delivery of efficient and effective performance results. The ceremony was attended by almost 450 participants comprised of: officials of the Executive Branch; 86

GCG bags 7th award as most Outstanding Account Office

The Association of Government Accountants of the Philippines, Inc. (AGAP) granted the Governance Commission for GOCCs (GCG) the award of Most Outstanding Accounting Office for FY 2022 last 18 October 2023 in Bacolod City, Negros Occidental.

HE Governance Commission for GOCCs’ (GCG) Finance Division was conferred the Outstanding Accounting Office Award for fiscal year (FY) 2022 by the Association of Government Accountants of the Philippines, Inc. (AGAP). Representatives of the GCG received the prestigious award during the AGAP Annual Convention 2023 in Bacolod City, Negros Occidental, last 18 October 2023. This is the

agency’s seventh time achieving this accolade since 2015. The AGAP annually awards exemplary accounting government offices that satisfy the criteria for submitting quality, timely, and reliable financial reports which are in compliance with accounting rules and regulations. The Most Outstanding Accounting Office Award may be bestowed upon national government agencies (NGAs) and in-

strumentalities, including government-owned or -controlled corporations (GOCCs), and local government units (LGUs) following the nomination by the Commission on Audit (COA). This achievement reflects the Governance Commission’s thrust to promote fiscal integrity, transparency, and excellence in all its transactions in the service of the GOCC Sector and the Filipino people.

CE COMMISSION

NED OR -CONTROLLED CORPORATIONS

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www.businessmirror.com.ph | Friday, December 22, 2023 C3

to build on achievements URAL AWARD CEREMONY PCSO to better serve the people

Executive Secretary Bersamin and the GCC Commission with PES Awardee Social Security System.

GOCCs; and institutional partners such as the Institute of Corporate Directors (ICD). During the closing remarks, GCG Commissioner Atty. Brian Keith F. Hosaka echoed the administration’s thrust of serving the

Filipino people more efficiently and effectively. He said, “Let us all work together in making the GOCC Sector the impetus of progress with genuine public service as our guide and conscience.” The GCG remains steadfast in

its mandate as the central advisory, oversight, and monitoring body for GOCCs to institutionalize transparency, accountability, financial viability, and responsiveness in corporate performance by monitoring and evaluating GOCCs’ performance.

HILIPPINE Charity Sweepstakes Office (PCSO) Chairperson Junie E. Cua said the agency would continue to strive to build on its achievements to better serve the people through the crucial role it plays in various government endeavors. This after the PCSO was recognized by the Governance Commission for GOCCs (GCG) as among the three most improved and best performing government-owned and controlled corporations (GOCCs). “It is a great honor for the PCSO to be among the recognized GOCC of the GCG. The agency faced so many challenges during the pandemic that’s why I am happy that we were able to turn things around in the latter part of 2022. And 2023 is turning out to be a banner year and we do hope that this is only the start,” Cua said in a statement. “All our efforts are aimed at better serving our countrymen. The agency plays a huge role as a partner in the health sector, that’s why we don’t want to fail,” he added. The PCSO provides various forms of assistance to Filipinos and other institutions, sourced from the charity fund which makes up 30 percent of the agency’s revenues. It is also mandated to allocate 40 percent

Philippine Charity Sweepstakes Office (PCSO) Chairperson Junie E. Cua PHOTO FROM PNA

of its net charity fund to help subsidize universal healthcare in the country. The Governance Awards are given to GOCCs for outstanding disclosure practices and performance ratings. After a thorough validation by the GCG, the PCSO exceeded most of its targets set last year, particularly in gross revenue/sales, collection efficiency and budget utilization, which included the payment of 100 percent of the agency’s mandatory contributions required by law to all recipient agencies, and the remittance of a total amount of PHP4.75 billion, among others. The PCSO has also shown a

solid commitment to rationalizing the use of charity funds, improving process efficiency, maintaining ISO certification and ensuring the timely distribution of mandatory contributions. The agency’s score of 92.03 percent in 2022 is a huge leap of 35.73 percent compared to its 2021 score of 56.30 percent. Cua said the recognition is a testament to the dedication and untiring energy of all PCSO officials and employees in serving the Filipino people. “We could not have done this without the persistence and collective effort of PCSO employees throughout the whole country,” he said. (Jose Cielito Reganit, PNA)

AMID A HARVEST OF AWARDS, YOUR SUPPORT COUNTS MOST

HE pandemic tested the media industry, forcing newsrooms around the world to overhaul the way they do their job while following strict health protocols in order to survive a deadly infection. The BusinessMirror, the country’s premier national business daily, was tested like everyone else, and survived, even continuing to live up to its promise to provide a broader look at today’s business. In November 2021, the business broadsheet was recognized as the “Business News Source of the Year” for 2020 by the Economic Journalists Association of the Philippines (Ejap), the country’s premier organization of business reporters, editors and wire agencies. It was a 4-peat for BM, having gotten the same honors for the years 2017, 2018 and 2019. And, as in the past Ejap awards, it also swept half of the individual categories, with its seasoned reporters adjudged as best in their respective coverages. Earlier in 2021, the BusinessMirror was given the Pro Patria Award by the Rotary Club of Manila, for “its commitment of valuable resources for the protection of free expression and its resilience in disseminating fair and truthful information resulting in an informed and enlightened citizenry.” It was just the latest recognition from the prestigious Rotary Club, which named it “Business Newspaper of the Year” for 2018-2019, and again in 2020. In all, it has received six top

Rotary journalism awards in its short 16-year existence. The BusinessMirror has also consistently reaped top awards in the Brightleaf Journalism Awards for Agriculture and the Philippine Agricultural Journalists-San Miguel Corp. (PAJ-SMC) Binhi Awards, also for the best in agriculture journalism. The BusinessMirror was also repeatedly adjudged the leading daily in biotechnology journalism, a recognition bestowed by the Jose G. Burgos Jr. Biotechnology Journalism Awards. The “broader look” mantra also drew recognition from the Philippine Statistics Authority (PSA) which named the BusinessMirror, at its first awards rites in 2018, as the inaugural “Data Champion.”

In the first “Bantog Science for the People” awards for media from the Department of Science and Technology, the BusinessMirror got the top award for the Institution category for Print; and the grand prize in the individual category for science journalist Stephanie Tumampos. In 2018, Environment Reporter Jonathan Mayuga received the Luntiang Aligato award from the Climate Reality Project, a nonprofit organization founded by Nobel Laureate and former US Vice President Al Gore. The Broader Look at biodiversity was also recognized. It was named among the Asean Champions of

Biodiversity, for the Media Category, by the Asean Centre for Biodiversity. The Broader Look also extended to the paper’s corporate social responsibility. It organized and staged the first-ever recognition rites for the best of the Philippines’s friends in the world, with the “MISSION PHILIPPINES: The BusinessMirror Envoys & Expats Awards.” The initiative won a Gold Anvil in 2019. Distinguished institutions in government have also repeatedly recognized the BusinessMirror’s role in spreading the word about the work they do—information that shines a light on good governance and committed public service to uplift people’s hopes. Most notably, these are the Social Security System and Pag-IBIG Fund. Sixteen years, two of them in a pandemic, have tested the promise of a Broader Look. But they are also a measure of the unstinting support of friends—advertisers and news sources alike—and readers who continue to believe in that promise.

THANK YOU, EVERYONE. YOUR LOVE AND SUPPORT IS OUR MOST IMPORTANT TROPHY.

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