BusinessMirror February 02, 2024 by BusinessMirror

PHL a ‘platform’ for SEA market, European biz told By Andrea E. San Juan

@andreasanjuan

MID the issues hounding the shipping landscape, Trade and Industry Secretary Alfredo E. Pascual said increased demand for Philippine exports, among others, would propel the Philippine economy in 2024 as the country aims for the status of the “Rising Asian Tiger Economy.” “Growth in 2024 will be driven by private consumption as inflation is expected to return within the low target range, falling oil prices, robust public spending, greater investments lured by the country’s sound macroeconomic fundamentals,

(FROM left) SPH Managing Director Norminio Mojica, SPH president Koichiro Hirao, SPH Director and General Manager for Automobile Division Norihide Takei, and SPH General Manager for After Sales Yokio Sato. See story on B8. Randy S. Peregrino

See “PHL,” A2

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WEAKEN MANUFACTURING By Cai U. Ordinario

FINDING FAMILY IN STRAYS Mariano Bulilay, 34, a street dweller in Barangay San Juan, Cainta, Rizal, tends to his furry companions on a pushcart. Here, he carefully administers a dose of vitamins/medicine to one of his stray kittens. Despite his challenging circumstances, Mariano considers these cats, kittens, and a dog as his family, providing him with a profound reason to find joy and purpose in life. BERNARD TESTA

@caiordinario

LOBAL headwinds and sluggish demand from China will weigh on the performance of the manufacturing sector, according to Standard & Poor’s (S&P) Global Market Research.

PHL R&D spending to rise to 0.4% of GDP

Based on the latest Purchasing Managers Index (PMI), S&P said the country’s composite score in the index dipped to 50.9 in January, the second consecutive month it slowed. In December 2023, the country’s PMI score was at 51.5 from 52.7 in November last year. The country's PMI score in January was the lowest since the 50.6 recorded in September 2023.

HE Marcos Jr. administration aims to increase the country’s spending for Research and Development (R&D) to 0.4 percent of GDP this year. In the Philippine Development Report (PDR), this is higher than the gross expenditure on R&D to GDP of 0.32 percent baseline set in 2018, and the 0.35 percent target in 2023. Part of these efforts to advance R&D, technology and innovation is the plan of the National Economic and Development Authority (Neda) to allocate P100 million of its budget for 2024 to the extension of innovation grants. “For the next cycle of Innovation Grants in 2024, P100 million will be appropriated under the Neda GA A (General Appropriation Act). Neda is currently in the process of crafting the guidelines for the program,” the PDR said.

See “Global,” A2

See “R&D,” A2

ADB spends $10B for climate financing

T MEGAWORLD’S MEGREEN WINS GRAND ANVIL. Property giant Megaworld notched another historic milestone after winning its first-ever Grand Anvil for its MEGreen sustainability program at the 59th Anvil Awards. The highly coveted recognition was one of 15 prestigious awards that the company took home for its outstanding roster of Public Relations tools and programs. Megaworld is led by Arnie Batac, head of Megaworld Sustainability Council (center, holding award). Also in photo are (center, from left) Rafael Antonio Perez, first vice president for Human Resources and Corporate Administration; Harold Geronimo, vice president for Public Relations and Media Affairs; and Cleofe Albiso, managing director, Megaworld Hotels & Resorts. MEGAWORLD PHOTO

HE A sian Development Bank (ADB) disclosed on Thursday that it ended 2023 with nearly $10 billion in climate financing for its developing member countries (DMCs). The ADB committed $9.8 billion in climate finance from its own resources last year, broken down into: $5.5 billion for mitigation and $4.3 billion for adaptation. See “ADB,” A2

PESO exchange rates n US 56.4030 n japan 0.3840 n UK 71.5698 n HK 7.2145 n CHINA 7.8671 n singapore 42.0949 n australia 37.0286 n EU 61.0280 n KOREA 0.0423 n SAUDI arabia 15.0408 Source: BSP (February 1, 2024)

News BusinessMirror

A2 Friday, February 2, 2024

Peza OKs ₧2-B investments in Jan, to create 1,337 jobs By Andrea E. San Juan

“We are proud to have closed more than P2 billion worth of investments in the first month for 2024, and confident of securing more investments which are already in Peza’s

pipeline and waiting for approval in the coming months,” the investment promotion agency said in a statement on Thursday. Peza said these investments,

which translate to 12 new and expansion projects, could also generate $69.92 million in exports. These projects include seven ecozone export enterprises, four IT enterprises, and one facilities enterprise. Peza said these new and expansion projects will be located in Cavite Economic Zone (CEZ), Cavite Technopark—Special Economic Zone (SEZ), Laguna Technopark, Lima Technology Center—SEZ, Carmelray Industrial Park II—SEZ, Laguna Technopark Annex—SEZ, First Philippine Industrial Park, Giga Tower Bridgetowne IT Park in Quezon City, Southwoods Mall in Laguna City, Panorama Tower in Bonifacio Global City, and Jazz IT Center in Makati City. The Peza chief reported the January investment figure duri ng t he a ge nc y ’s f i r st B oa rd Meeting in the Baguio City Econom ic Z one ( BC EZ) recent ly. Panga also attended the BCEZ

R&D…

Last year, the report said, the National Innovation Council-Executive Technical Board (NIC-ETB) approved 24 proposals for funding, while three were waitlisted.

The report said that as of 30 September 2023, the completion of documentary requirements for fund transfer and project commencement was in progress. Meanwhile, apart from innovation,

@andreasanjuan

HE Philippine Economic Zone Authority (Peza) said it approved P2.21 billion in investments in the first month of 2024, which it said is expected to create1,337 direct jobs. However, the investment approval figure in January 2024 is a decline from the P6.39 billion recorded in January 2023.

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Multi-Purpose Center Groundbreaking Ceremony on Friday, 26 January 2024. He said the new two-level facility will serve as a venue for “leasable office spaces, recreational, and learning activities for BCEZ and its locator companies.” Panga noted that this facility is set to be completed by May 2025. For BCEZ Zone Administrator Emmanuel O. Cortero’s part, “Our 1,098.24 square meter multipurpose center will be a state of the art and environment-friendly facility.” Cortero said among the “unique” features of the building are its natural ventilation with “passive cooling and solar rooftop renewable energy installation.” In 2023, the Peza Board approved P175.71 billion worth of investments, up 24.88 percent from the P140.70 billion recorded in 2022.

the government intends to fasttrack R&D efforts and regulatotry processes to develop and deploy African Swine Fever (ASF) and Avian Influenza vaccines and test kits this yaer and next year. The government will also coordinate with and provide technical assistance to the Food and Drug Administration (FDA) for the release of ASF vaccine official trial results. It will also work toward the prompt issuance of Special Import Permits for the purpose of conducting safety and efficacy trials as well as emergency use authorization for the five (5) AI vaccine importers. The government also plans to finalize guidelines on the use of ASF vaccines as well as the implementation, monitoring, and evaluation of vaccine guidelines, after FDA issues certificates for the vaccines. Meanwhile, the PDR also stated that the government wants to increase the number of full-time researchers to 300 per million people this year. In 2018, the baseline was 174 per million while the target for 2023 was 250 per million. No actual data for 2023 was available, according to the report. Cai U. Ordinario

PHL… Continued from A1

investment-grade credit ratings, and the implementation of structural reforms; and increased demand for Philippine exports as supply chain bottlenecks ease,” Pascual said in a speech at the Italian Chamber of Commerce in the Philippines Inc. (ICCPI) Business Luncheon on Thursday. To develop the country’s exports, Pascual told European businesses present at the forum that given its strategic location in Asia, the Philippines could be a “platform” for companies to access the 690 million-strong Southeast Asian consumer market. “Our proximity to these growing economies can allow [the companies] to enter other supply chains and be part of intercountry economic systems,” the Trade chief said, adding that “this creates more opportunities for collaboration and partnership.” In his presentation at the forum, Pascual disclosed the Philippines’s aim to be a “leading exporter of high-value products and services by 2028.” Among the efforts of the Department of Trade and Industry (DTI) in bolstering the country’s exports, he said, entails enhancing market access through free trade agreements (FTAs) and increasing the “global mindshare” of Philippine products and brands by expanding and diversifying the coun-

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Global… Continued from A1

“The turn of the year revealed a slight weakness in demand conditions, as new orders and output growth eased,” Maryam Baluch, Economist at S&P Global Market Intelligence, said. “Moreover, looking forward, global headwinds and sluggish demand from external markets, especially China, are likely to weigh on the Filipino manufacturing sector,” she added. However, S&P said manufacturers remained optimistic that output growth will improve in the next 12 months. This was based on the responses opf nearly half the panellists spoken to by S&P. The data also showed that amid concerns regarding global weakness and declining demand, the sector did not cut employment. This was contrary to the contractions in the past two surveys done by the think tank. It noted that staffing levels were unchanged. While there were cost constraints and resignations which led to job shedding, this only occured in “some firms.” According to S&P, what helped act as a counterbalance on the employment front was that some companies were now more will-

ADB…

ing to take on additional staff as they expected an increase in new orders. “On the flipside, other evidence from latest PMI data, such as the rise in buying activity and the building of stocks, indicates that manufacturers anticipate continued growth in the coming months,” Baluch said. “Additionally, historically subdued inflationary pressures will also assist the sector, as firms seek to price competitively,” she added. Earlier, the Philippine Statistics Authority (PSA) disclosed that the country’s manufacturing sector posted growth of 1.9 percent in November 2023. Based on the Monthly Integrated Survey of Selected Industries (Missi), the Volume of Production Index (VoPI) in November 2023 was faster than the annual growth rate of 1.5 percent in October 2023. However, the sector’s November 2023 performance was slower than the 6.4 percent rate posted in November 2022. The data showed the manufacture of beverages posted a decline of 11.6 percent. However, this improved from the 34.4-percent decline in October 2023. The PSA also said the manufacture of transport equipment saw a 17.1- percent annual increase, from 5.8 percent annual increment in October 2023.

This represented an increase of about 46 percent from its 2022 climate financing commitments. This brings up to $10.4 billion ADB's cumulative adaptation financing from 2019 to 2023. “As the climate bank for Asia and the Pacific, ADB is deeply committed to helping our developing members de-fossilize their economies, progress along their climate transition pathways, and achieve their net-zero goals. We must act together, with urgency and at scale," ADB President Masatsugu Asakawa said. The climate adaptation financing extended by ADB in the past five years exceeded its target of $9 billion in 2019–2024 a year early. ADB said adaptation financing is critical in Asia and the Pacific which is experiencing more extreme heat, droughts, and heavy rains, but where investments in adaptation remain a fraction of what is required. “Climate change threatens the future of all development. 2023 was

the hottest year on record and saw a swath of extreme, deadly climate impacts in our region,” Asakawa said. “This crisis threatens energy and food security and creates fiscal challenges.” ADB aims to provide $100 billion in climate financing from its own resources from 2019 to 2030. In 2022, ADB committed $6.7 billion of climate finance from its own resources, including $4 billion for mitigation and $2.7 billion for adaptation. ADB’s flagship climate projects in 2023 include the $1-billion loan to help deploy the Philippines’ first large-scale electric bus system in Davao City. Other projects inc lude a $400-million policy-based loan to help Bangladesh implement its national adaptation plan and pursue climate-focused development; and an $18-million Asian Development Fund (ADF) grant for the Federated States of Micronesia. The ADF provides grants to ADB's lower-income DMCs to promote poverty reduction and improvements in the quality of life. Cai U. Ordinario

try’s exports and destinations. The country’s trade chief highlighted these opportunities for Philippine exports amid ongoing geopolitical conflicts such as the war in Eastern Europe and the recent attacks on the ships in the Red Sea. Asked if the attacks on ships sailing in the Red Sea would affect Philippine efforts to boost its exports, Pascual said the optimism over the country’s increased exports for this year rests on the premise that Philippine products are not affected by the shipping lanes affected by the trade disruption. “These are challenges before us, if we will not be affected by the shipping lanes where we ship our products are not affected...then we will achieve what we can produce here,” the Trade chief noted. Pascual, however, said DTI is willing to look into contingency plans and relief measures to cushion possible impact of the most recent global trade disruption on Philippine exporters. “What we can do is to study the situation and provide advice to our exporters. That there are alternative ways. For example, if it’s a bottleneck [as what happened in the] pandemic, there's so much bottleneck in the supply chain and [now we have the] disruptive effects [of] ongoing conflicts,” Pascual told reporters on the sidelines of the ICCPI forum. Further, the Trade chief noted that DTI will look into waiving fees as a relief measure for Philippine exporters that could be affected. “We will look into it. Why not?” Pascual said.

At a separate forum on Wednesday, European Chamber of Commerce of the Philippines (ECCP) President Paolo Duarte said the attacks in the Red Sea will “not necessarily have a big impact because most of the European companies, that are established in Southeast Asia, they have also local production in the region. They have local structures, local manufacturing in the region so they can overcome that.” Still, he noted that “It’s something that we need to observe—how it’s going to be developed.” Interesting to note is that contrary to the fears expressed by some traders toward the Red Sea crisis, Duarte highlighted the silver lining: “But this could also be an opportunity for the Philippines to attract more [European companies] to the country, because then you reduce the dependency on such things.” The country’s trade chief agreed with Duarte as he said, “Which is true...especially those that are targeting the Asean Southeast Asian market. If they cannot ship their clients here, they may set up their production operations here.” In attracting more European companies to set up shop in the country, Pascual said DTI is now talking to European firms. In fact, he noted that “There will be a visit to Europe...in Germany, within the next couple of months.” Data from the Philippine Statistics Authority (PSA) showed that Philippine exports contracted 7.6 percent to $73.52 billion while imports declined 8.2 percent to $125.95 billion in 2023.

Continued from A1

Friday, February 2, 2024

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

DOJ holds clarificatory meeting on complaint vs 50 cops named in twin shabu bust cover up

DEPA RTMENT of Justice (DOJ) panel of prosecutors conducted clarificatory meeting Thursday with officials of the National Police Commission (Napolcom) on additional complaint that the latter filed in connection with the alleged irregularities committed during the 2022 anti-drug operation in Manila and Pasig that led to the seizure of 990 kilos of shabu worth P6.7 billion. The clarificatory meeting, according to the justice department, is part of the ongoing case build up prescribed under Department Circular No. 20 s. 2023 issued by DOJ Secretary Jesus Crispin Remulla. “Once the case build-up is completed, the preliminary investigation will commence immediately to determine whether a probable cause exists to warrant the filing of charges against those involved in the alleged anomalies,” the DOJ said. T he add it ion a l compl a i nt stemmed from the fact-finding inquiry report on the drug bust submitted by Napolcom as a result of its investigation into the alleged anomalies and irregularities committed by several policemen and individuals during the said antiillegal drug operations. It can be recalled that the DOJ formed last December a panel of prosecutors to look into the addi-

tional charges and pieces of evidence from Napolcom, which may strengthen the government’s case against those involved in the irregularities. Last June 2023, the Philippine National Police (PNP) and Napolcom filed criminal and administrative charges against 50 policemen for their alleged involvement in the cover-up in the drug bust. The policemen were charged with violation of Republic Act 3019 or the Anti-Graft and Corrupt Practices Act; RA 9165 or the Dangerous Drugs Act as amended; Revised Penal Code, in particular, Article 171 on Falsification, Article 183 on Perjury, Article 184 on False Testimony and Article 217 for Malversation of Public Property; and Presidential Decree No. 1829 or Obstruction of Justice were filed against the police officers before the Office of the Ombudsman on June 9. The said anti-drug operation was hounded by controversy after Department of the Interior and Local Government (DILG) Secretary Benjamin “Benhur” Abalos Jr. made public closed-circuit television (CCTV) footage showing police officers allegedly attempting to pilfer 42 kilos of shabu from the illegal drugs seized from a dismissed police officer who was arrested during the operations. Joel R. San Juan

‘Happiest place on Earth’: Pinoy domestic helpers treated in Disneyland Hong Kong By Malou Talosig-Bartolome

ORE than 4,000 foreign domestic helpers, including Filipinos, were treated to a spectacular day of music and magic at the Hong Kong Disneyland. Filipino and other foreign domestic helpers spent their days off for two consecutive Sundays last January 7 and 14 to the so-called “happiest place on Earth.” The Philippine Consulate General said the Li Ka Shing Foundation, in partnership with the Hong Kong Disneyland Resort, paid the park tickets. In addition to the rides and other leisure activities in the theme park, Disneyland also organized exclusive performances of the live musical “Festival of the Lion King.” “The audience were captivated by an array of nostalgic songs, graceful dances, breathtaking acrobatics, amazing visuals, and the interactive components of the show,” the Consulate said in a statement. Philippine Consul General Germinia V. Aguilar-Usudan welcomed and paid tribute to the special guests of the day, the foreign domestic helpers (FDH). In her speech, Aguilar-Usudan highlighted the important contribution of Filipino domestic workers to Hong

Kong society. She said Chinese and other expatriate women were able to pursue their careers in Hong Kong with the help of their domestic helpers. As of 2022, there are 199,059 Filipino maids in Hong Kong, making up more than 58 percent of the total population of 338,189 FDH in the Chinese territory. The Consulate cited a study in 2019 that revealed that FDHs contributed HK$ 98.9 billion (P712 billion) to the city’s economy, making 3.6 percent of HK’s gross domestic product. As of 2023, the minimum wage for foreign domestic helpers is HK $4,870 (around P35,000) per month, with minimum food allowance of HK $1,236 (around P8,900) per month. Consul General Aguilar-Usudan also lauded Hong Kong Disneyland for its active advocacies on diversity, inclusivity and equal opportunities. Hong Kong Disneyland also employs Filipinos as cast members comprising the second largest part of the Disney family. She also thanked Li Ka Shing Foundation, a Hong Kong-based charitable organization founded by HK entrepreneur Li Ka Shing who has over HK$30 billion in projects covering education, medical services, charity, and anti-poverty programs.

Migrante slams govt’s labor export program

H E government ’s “labor expor t program” worsened under the Marcos administration, notwithstanding the launch and full operation of the Department of Migrant Workers (DMW) last year, according to a migrant advocate group. In a statement Thursday, Migrante International slammed President Ferdinand R. Marcos Jr. for continuing the policy of his predecessor, former President Rodrigo R. Duterte, on the mass deployment of overseas Filipino workers (OFW). “He stepped up the implementation of the government’s labor export program to make up for the reduction in OFW deployment caused by the pandemic. He continued the harassment of migrant activists,” Migrante said. Last December, DMW reported the number of overseas employment certificates (OEC) they issued reached 2.53 million in 2023, which is 24.83 percent higher compared to just over 2 million in the previous year. An OEC serves as the exit clearance of OFWs issued by DMW before they can work abroad. As of this writing, DMW has yet to respond to the B usiness M irror ’ s request for

comment on this matter. Migrante also said OFWs remained plagued by persistent issues, such as the state exactions and reduced budget allocations from the government, as well as the continued detention in Indonesia of Mary Jane Veloso, a drug trafficking victim. But it noted the President still has the opportunity to set himself apart from past presidents like Duterte by implementing the necessary reforms. “Marcos Jr. has an advantage over Duterte—he is still in power and can still do many things, especially in winning over the Filipino migrants and people against Duterte,” Migrante said. “We therefore dare Marcos Jr: prove that you are not a Duterte minion anymore, and prove it in action, not mere words,” it added. The group called for the junking of state exactions and increased budget allocations for migrant services as well as abolition of labor-only contracting and creation of more decent local jobs. It made the pronouncement amid the “word war” between Marcos and Duterte regarding illegal drugs, changes in the Constitution and other issues. Samuel P. Medenilla

SolGen: Politics unlikely to alter Marcos admin’s stance on ICC probe vs Duterte By Joel R. San Juan

@jrsanjuan1573

OLICITOR General Menardo Guevarra assured Thursday that politics would not alter the noncooperation stance of the Marcos administration in the International Criminal Court’s (ICC) ongoing probe into alleged human rights abuses and extrajudicial killings during the anti-illegal drug war of the Duterte administration.

Guevar ra made t he assurance amid the raging political squabble between former President Rodrigo Duterte and President Ferdinand R. Marcos Jr. and their allies over various issues, such as the ICC and the controversial people’s initiative being

pushed by House Speaker Martin G. Romualdez. “No, the Republic’s legal position has not changed. It is not affected by the winds of politics,” Guevarra said when asked if the government has changed its position on the issues due to current

political developments. On speculations that the ICC is expected to issue arrest warrants soon against those named as respondents in the crimes against humanity complaint filed before the ICC in connection with Duterte’s drug war, Guevarra stressed that the ICC prosecutor has the duty to investigate “both incriminating and exonerating evidence equally.” “In other words, his investigation must be free from bias and prejudice, otherwise, it is insufficient for the issuance of a warrant.” While Guevarra acknowledged that there is no preventing the ICC from issuing arrest warrants against any of the respondents, its enforcement would be an issue, as it would require the cooperation of the Philippine government. Reports have been circulating that ICC probers visited the country last December to probe the deaths and other abuses committed in the name of the anti-drug war of the Duterte administration.

However, concerned government officia ls have made no confirmation. “The cooperation of the Philippine government is necessary in the enforcement in Philippine territory of any warrant or legal process issued by the ICC,” Guevarra stressed. He also noted that even if a warrant is issued, “such warrant may be the subject of a judicial challenge before a Philippine court.” Duterte’s camp earlier lambasted President Marcos and called on him to resign amid reports of the possible issuance of a warrant by the ICC against the former president from Davao City. Justice Secretary Jesus Crispin Remulla earlier said the government has no legal duty to comply with any obligation or proceedings before the ICC since the country has already withdrawn from the Rome Statute in 2019. The Department of Justice and the Office of the Solicitor General have repeatedly said that the country’s justice system is fully functioning and there is no need for the ICC to step in. The Philippines withdrew as a State party from the ICC’s Rome Statute effective March 17, 2019.

257 second lieutenants to embark on journey as new Army officers

HE Philippine Army (PA) formally deployed some 257 newly commissioned 2nd lieutenants to its various ground units on Wednesday. PA spokesperson Lt. Col. Louie Dema-ala, in a statement, said these officers will be deployed in various units of the Army and will lead on the frontlines during combat operations against New People’s Army insurgents, local terrorist group members and other security threats. These new military officers came from the Officer Candidate Course Class 58-2023 and Philippine Military Academy Class of 2023.

Sen. Go calls for ‘prudent’ spending amid Cha-cha issue

E N AT OR C h r i s t o p h e r “Bong” Go attended the Senate hearing conducted by the Committee on Electoral Reforms and People’s Participation on Tuesday, January 30, on alleged bribery to garner signatures for the people’s initiative (PI) to amend the 1987 Philippine Constitution. The senator expressed his firm stance against what he perceived as a “deceptive” maneuver to alter the nation’s charter. During the hearing, some witnesses alleged that they were approached by individuals and groups to ask for their signatures in exchange for commitments that they will receive assistance from the government without fully explaining to them that they are already signing a petition for the PI. Earlier, Go and his fellow senators donned white attire and armbands on January 29, symbolizing their collective stand against the controversial People’s Initiative and in defense of the Senate as an institution upholding ‘checks and balances’ in government. Underlining the significance of maintaining a balance of power within the government, Go described the current initiative as a veiled effort serving some politicians rather than the populace. He urged Filipinos to be vigilant and aware of their rights, especially if they feel misled by those pushing for the initiative.

PA chief Lt. Gen. Roy M. Galido spearheaded the send-off ceremonies, Dema-ala added. “Be the best platoon leaders. Set

as the example of discipline and performance. These will be the foundation of strong teamwork between officers and soldiers that is

crucial to the success of a mission. Let us make the Army better,” Galido told the young Army officers. Rex Anthony Naval

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

Friday, February 2, 2024

DOE approves creation of committee to sustain 2032 nuclear power target By Lenie Lectura @llectura

HE Department of Energy (DOE) is creating a nuclear committee to help achieve its target of 2,400 megawatts (MW) of nuclear capacity as early as 2032. Under Department Order No. 2024-01-01 released by the agency Thursday, Energy Secretary Raphael Lotilla approved the creation of the DOE Nuclear Energy Program Coordinating Committee (NEP-CC) to ensure active participation in the Nuclear Energy Program Inter-Agency Committee (NEP-IAC). “As the country embarks on Phase 2 [Preparatory work for the construction of a nuclear power plant after a policy has been taken] and Phase 3 [Activities to implement a first nuclear power plant], there is a need to reorganize the coordinating arm of the DOE to

effectively and responsibly assist the NEP-IAC and realize the DOE’s goal of tapping 2,400MW of nuclear power by 2032,” the DOE order stated. The DOE has already included nuclear energy as part of the 2023 to 2050 Philippine Energy Plan (PEP). The NEP-CC, which shall be chaired by a DOE Undersecretary, shall represent the DOE in the NEP-IAC and will oversee the priority activities of the NEPIAC. There will be sub-committees that will be created to aid in the preparation of the country’s nuclear energy program. Among the preparations include drawing up recommendations for the needed upgrade of the transmission system to accommodate nuclear energy in the grid, enactment of comprehensive national legislation, assessment of possible nuclear power plant loca-

tions, environmental protection, among others. The new committee may consult technical experts, while funding shall be incorporated in the DOE’s annual budget. In July last year, DOE—Energy Policy and Planning Bureau Director Michael Sinocruz said that under the proposed outlook scenarios in the 2030 to 2050 PEP, the commercial operation of 8×150 MW small modular nuclear reactors is being eyed, while another 1,200 MW will come from a bigger nuclear power plant in Luzon by 2035. The Manila Electric Company (Meralco) has already tapped USbased nuclear developer Ultra Safe Nuclear Corp. (USNC) to conduct a pre-feasibility study for the potential deployment of one or more micro modular reactors (MMR) in the Philippines. “We are aligning with the plan of the DOE, which is looking at 14

DSWD readies ‘exit’ of 1.2-million household beneficiaries from 4Ps By Jovee Marie N. Dela Cruz @joveemarie

HE Department of Social Welfare and Development (DSWD) announced Thursday that 1.2-million household beneficiaries are expected to “exit” from the Pantawid Pamilyang Pilipino Program (4Ps) this year. Director Gemma Gabuya of the 4Ps National Program Management Office (NPMO) has called for more support services for some 1.2 million household beneficiaries who are expected to exit the program this year to ensure that the gains to improve their well being will be sustained. “It is expected from us that by 2024, 1.2 million [households] will need to exit the program. So, that is the challenge for me now. There should really be programs to support them,” she said.

“We are strengthening our partnership with the National Advisory Council because all the agencies are there as well as the local government units [LGU], and we need to work together to prepare for the exit of the 1.2 million,” she added. The 4Ps program director said the household beneficiaries should have a complementary program because the grants from 4Ps are not their sole income but are specifically intended for the education of the children. “The grants do not address the need for capital to start a business or to help repair houses damaged by disasters. These are solely for the education of the children, nothing else,” she added. Gabuya said that with 1.2 million beneficiaries exiting, more new poor households can be accommodated and will benefit from

the 4Ps program. By September this year, Gabuya said 200,000 households with children no longer meeting eligibility criteria would automatically exit the program. With this, Gabuya also announced the agency’s intention to include 200,000 additional beneficiaries in the 4Ps. Gabuya said the exit of the households is in line with the provision of Republic Act No. 11310, or the 4Ps law, which states that “a qualified household beneficiary shall be deemed to exit from the program when the last monitored child in the household turns 19 years old.” The 4Ps national program director further explained that the schedule of exit in September coincides with the end of the school year to ensure that the monitored children will be able to finish their

areas. It’s better to follow what the DOE will say. Work has started. The pre-feasibility has started. It will take four months. I think if we can complete it much earlier than the four months schedule then that would be great. After that, we have to decide on what to do next, but most definitely, it’s a full-study,” said Meralco Executive Vice President Ronnie Aperocho in November last year. The MMR could be deployed in island provinces and cities. “You could disperse the deployment of modular technology in an archipelago like the Philippines so you don’t have to build conventional power plants that are big to achieve economies of scale,” said Meralco Chairman Manuel Pangilinan, adding that his group has discussed with USNC “whether we could buy a modular plant proof of concept here which we could employ.”

current grade level. “ To en su re t h at t he e x it ing households will not slide back into poverty, the DSWD is working with other government agencies and LGUs to provide livelihood oppor tunities and other interventions that will help meet the needs of the families,” Gabuya pointed out. The DSWD official added: “The new program beneficiaries will be extracted from the current list of waitlisted beneficiaries assessed by Listahanan 3, or the National Household Targeting System for Poverty Reduction [NHTS-PR].” At present, LGUs provide various support services to households that have already graduated from the 4Ps. These include livelihood, educational, and cash assistance, as well as skills training, among others. The 4Ps is the national poverty reduction strateg y and a human capital investment program of the Philippine government that provides conditional cash transfers to improve the health, nutrition, and education of children aged 0 to 18.

Gordon raises concern over ‘exodus’ of nurses, docs for foreign jobs By Claudeth Mocon-Ciriaco @claudethmc3

HILIPPINE Red Cross (PRC) Chairman and CEO, Richard Gordon expressed concern Wednesday over the diminishing number of doctors and nurses in hospitals amid the rising number medical practitioners opting to leave the country for better employment and pay in foreign lands. In his speech at the Donor Appreciation Ceremony of the University of the Philippines (UP) College of Medicine (UPCM), Gordon emphasized the need for a more inclusive and accessible medical education. “Lack of universities in provinces, especially in Visayas and Mindanao where there is a disparity in healthcare access as compared to Luzon, offering medicine programs and the cost of medical education prevent low-income students from accessing med schools,” said Gordon. According to the Department of Health (DOH), the country has to wait for around 12 years to fill the gap in

nurse shortage and 23 years for doctors. A 2019 study by UP Center for Integrative and Development Studies, meanwhile, indicated that in a span of five years, medical schools only graduated an average of about 3,000 students annually. Gordon reiterated that the PRC is looking for ways to help the country address one of its most pressing concerns in healthcare. It can be noted that in 2022, the PRC granted full scholarships to 12 UPCM medical students, covering their tuition, living and transportation allowances, among others, for the whole duration of the program. “We are the biggest full scholarship provider of the UPCM. This year, we will add 12 more students from UPCM Doctor of Medicine-Master of Public Health [MD-MPH] in our scholarship program,” he announced. The PRC is committed to helping the country advance its public health system as the organization also needs more medical personnel in its humanitarian responses, he said.

House facilitates release of ₧150-million aid to flood-affected families in Davao del Norte

OUSE Speaker Ferdinand Martin G. Romualdez on Thursday endorsed the immediate release of P150 million in financial aid from the government to assist flood-affected families in the Davao Region. Romualdez, along with Tingog Reps. Yedda K. Romualdez and Jude Acidre, is also facilitating the dispatch of 21,000 food packs to the flood-stricken areas. The lower chamber also facilitated and requested the immediate release of 30,000 food packs from the Department of Social Welfare and Development (DSWD) for flood victims. “This is to reassure and let our kababayans in Davao Region know that the government is here and is doing its best to alleviate their condition. Aid will continue to flow in your areas as you all recover from the adverse effects of the floods,” said Romualdez. “We hope and pray for everyone affected by this natural calamity in Davao Region. Rest assured that we will continue to find ways to send help to Davao Oriental,” he added. “We cannot be sidetracked by political issues that distract us from our primary objectives. We need to ensure that work will continue and public service will reach the people, especially during

these difficult times,” the Speaker assured. The aid, distributed through the Assistance to Individuals in Crisis Situations (AICS) program of the DSWD, will be directed through congressional districts and local government channels. The breakdown includes allocations for various Davao lawmakers like Reps. Maricar Zamora, Ruwel Gonzaga, Cheeno Almario, Nelson Dayanghirang, Aldu Dujali, Migz Nograles, Vice Gov. Oyo Uy, and Vice Gov. Tyron Uy. The food packs, numbering over 21,000, have been sent to Davao del Norte, Davao Oriental, and Davao de Oro, targeting the 455 families reported to be evacuated or severely affected by the Office of Civil Defense-Davao. For the past few weeks, residents of Davao Oriental have been reeling from the disastrous consequences of heavy rains in the region, where a total of 45,000 families or 187,000 individuals have been affected. Romualdez instructed several Davao lawmakers to distribute the aid packs to their respective constituencies under his office’s calamity assistance fund and also dispatched food packs to several local government officials in Davao Oriental for distribution. Jovee Marie N. Dela Cruz

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

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IPOPHL implements work plan to eradicate counterfeits at Greenhills Shopping Center By Andrea E. San Juan

@andreasanjuan

ITH the Greenhills Shopping Center landing anew on the United States Trade Representative’s (USTR) 2023 “notorious markets list” (NML) for counterfeiting and piracy, the Intellectual Property Office of the Philippines (IPOPHL) said it continues to work with the National Committee on Intellectual Property Rights (NCIPR) to eliminate stores selling intellectual property-infringing goods in the popular shopping mall.

In a statement T hursday, IPOPHL, an attached agency to the Department of Trade and Industry (DTI), said it “continues to work with NCIPR in fulfilling the work plan Overhaul Greenhills Project [OG Project] to eliminate stores selling counterfeit and other IPinfringing goods in the Greenhills Shopping Center.” IPOPHL said it would continue to work with rights holders, the San Juan City local government and the Greenhills management on seizures, issuance of warning l e t te r s a n d u p d ate s o n t h e development of the shopping center into a high-end mall. As the lone Philippine market on the watch list, IPOPHL said, “Greenhills remains a priority in IPOPHL and NCIPR’s mission to clear the markets of counterfeit and other intellectual property [IP] infringing goods.”

Govt sets Wi-Fi interconnection goal that includes public markets By Cai U. Ordinario @caiordinario

HOPPERS in public markets nationwide could soon enjoy f re e W i - F i c o n n e c t i o n t o enable them to pay using their e-wallets, according to the Philippine Development Report (PDR). This is part of the government’s plan this year and next year to help facilitate the use of digital financial services, such as the Paleng-QR PH rolled out by the Bangko Sentral ng Pilipinas (BSP). As of October 2023, the PDR said 19 local government units (LGU) have issued ordinances on the adoption of Paleng-QR PH Plus.

“[The government intends to] provide free Wi-Fi in the public markets and public transportation terminals of the LGUs under the PQRPh program through the DICT [Department of Information and Communications Technology],” the report stated. The Paleng-QR PH nationwide program supports the BSP’s thrust to convert half of the total volume of retail payments in the country into digital form and to onboard 70 percent of Filipinos to the formal financial system by this year under the BSP’s Digital Payments Transformation Roadmap 2020-2023. It is one of the priority programs under the BSP’s National Strategy

for Financial Inclusion (NSFI) 20222028, the guiding framework for all stakeholders working together to accelerate financial inclusion in the country. Meanwhile, the PDR also said the government aims to improve access to financial services, including digital services among previously excluded sectors, such as low income Filipinos. “[The government will] engage telecom companies to explore the inclusion of mobile banking services and e-money wallets as zero-rated applications, in coordination with NTC [National Telecommunications Commission],” the report also stated. Other digital efforts include the

The agency said selling counterfeit goods is a crime that “harms the reputation of a legitimate business, dampens investor trust and evades taxes beholden to the Filipino people.” “IPOPHL urges all sellers to uphold legitimate trade and support the sale of locally-made products to create a safe IP-driven economy where local businesses can flourish,” IPOPHL stressed. On Wednesday, the USTR report flagged 18 countries with physical markets that “continue to enable substantial trade in counterfeit and pirated goods.” Aside from the Philippines, the list includes China, Indonesia, Malaysia, Thailand, Vietnam, Cambodia, among others. T he USTR said the 2023 Review of Notorious Markets for Counterfeiting and Piracy highlights “prominent” and illustrative

examples of online and physical markets that reportedly “engage in, facilitate, turn a blind eye to, or benefit from substantial piracy or counterfeiting.” “A goal of the NML is to motivate appropriate action by the private sector and governments to reduce piracy and counterfeiting,” the report noted. (Full story here:https://businessmirror.com. ph/2024/01/31/greenhills-landson-ustrs-list-anew-lauds-phl-driveto-end-piracy-counterfeiting/) While the Philippine shopping mall is still included in the list, USTR recognized the efforts being done by the Philippines in its fight against counterfeiting and piracy. “The government, through the National Committee on Intellectual Property Rights, has worked with right holders and the management at Greenhills Shopping Center on enforcement against counterfeit

National Broadband Program, which will make it possible for all Filipinos to enjoy free Wi-Fi. The implementation of the program include connecting a total of 8,184 sites, covering 17 regions, 80 provinces and Metro Manila, and 661 cities and municipalities. For 2024 and 2025, the project aims to provide internet connectivity to 14 provinces in Luzon, including Metro Manila, three provinces in Visayas, and three provinces in Mindanao. It will also provide broadband internet requirements of 11 DICT points of presence via Fiber Optic C and increase the number of live sites, especially at the geographically isolated and disadvantaged areas (GIDA). The program this year and next year will conduct proof of concept activities with private sector in exploring other alternative technologies (i.e., LTE, Wi-Fi 6/7, LEO/MEO, OpenRAN among others) to accelerate the deployment of digital infrastructure for the program.

LGUs vow to implement inclusive approach to ‘safe’ water, sanitation

2 fishermen rescued after whale shark hit their boat in Romblon By Rex Anthony Naval

HEY are now literally going to need a bigger boat. Two fishermen from Romblon had their boat “submerged” off the waters off Barangay Cantagda, Cajidiocan, Romblon after being

reportedly hit by a whale shark around Thursday midnight. “Submerged” in this case probably meant capsized. The rescued fishermen were identified as Edgardo Lozano, 60 and Harry Lozano, 51, residents of Barangay Maragondon, Cajidiocan, Romblon.

“During the inquiry, the fishermen said they were hit by a whale shark while underway, which caused the incident,” the Philippine Coast Guard (PCG) said in a Facebook post Thursday. It added that it immediately conducted a search-and-rescue (SAR) operation after receiving word of the

incident. “The SAR team ferried them to Barangay Danao, Cajidiocan, while the submerged fishing banca was towed by FBCA John Glemen,” the PCG added. After the inquiry, the PCG helped the two fishermen in returning to their homes.

Davao City extends mayor’s permit renewal, biz termination application deadline today By Manuel T. Cayon

@awimailbox Mindanao Bureau Chief

AVAO CITY—The City Hall here on Wednesday extended the deadline of the mayor’s permit renewal and termination of business applications until today, Friday, following the suspension of work in government offices Thursday. The first extension of the deadline was supposed to be due last Thursday. The new extended deadline was contained

in Proclamation No. 5, series of 2024, and cited the suspension of classes at all levels and a work-from-home (WFH) set up for government employees on Thursday. Maribel Paguican, head of the Business Bureau, told the City Information Office that any extension “affects both mayor’s permit and the application for retirement” or termination of business. Paguican said that owners who fail to do both, non-renewal and no application for retirement on the deadline might pay additional fees. She said there would be a 25 percent surcharge and

a 2 percent penalty per month on top of the surcharge. “If they do not wish to continue their business, they should apply for retirement because there is also a penalty if they do not retire [their business], but if they wish to continue they should do so because we will have a penalty after our deadline,” Paguican said. The schedules for the renewal at specific sites today, February 2, was also announced. The Sangguniang Panlungsod Building and the Almendras Gym are open from 8:00 a.m. to 10:00 p.m. The Gaisano Grand Citigate Mall is open from 8:00 a.m. to 8:00 p.m., the Calinan Gym/Bunawan/Toril/Tugbok

District Treasury Offices is open from 8:00 a.m. to 7:00 pm and Paquibato/Marilog/Baguio District Treasury Offices are open from 8:00 a.m. to 5:00 p.m. Dabawenyos can also apply online via https://appbts.davaocity.gov.ph. CIO. The suspension of work and classes, and the directive to work from home instead was triggered by the heavy downpour triggered by the trough of the low-pressure area south of Mindanao. More than 8,000 residents from 15 barangays were rescued on Wednesday during the flooding in the city.

P.I. ‘COMPLETELY DEAD,’ SAYS LAWYER; EXPIRY DATE EYED Continued from A12 “It is true there is no expiry date included in the forms they signed. It is better if we can include that in our updated guidelines,” Comelec Chairman George M. Garcia said in an interview with reporters on Thursday. The poll chief made the pronouncement amid calls from Senator Maria Imelda “Imee” R. Marcos for Comelec to throw away the signatures submitted by the People’s Initiative for Reform Modernization Action (Pirma). Pirma is the main proponent of the ongoing PI to allow Congress to amend the 1987 Constitution. Marcos noted the measure aims to prevent Pirma from “recycling” the signature sheets in succeeding years. Last Monday, Comelec announced it will suspend accepting the signature sheets for the

PI so it can improve Comelec Resolution No. 10650 containing the guidelines for initiative on the Constitution and referendum on national and local legislation. Aside from the “expiry date,” Comelec is also looking at addressing the lack of provision to allow signatories of a PI to withdraw their signatures. While the suspension is still in effect, the poll body urged proponents of the PI to withdraw their signature sheets so they can safeguard the said documents. He noted proponents of the PI in Hamtic, Antique already withdrew their signature sheet.

Signatures should have been rejected

MACALINTAL maintains that the Comelec should not have entertained these signature sheets, in the first place; “for the rules and jurisprudence are very clear:”

“These signature sheets cannot be submitted ahead of the petition. It is not the ministerial duty of the Comelec to receive them because, as it said, they are mere ‘scraps of paper’,” he added, noting that “as a matter of fact, the Comelec admitted last Tuesday [January 30] before the Senate Committee on Electoral Reforms that it has to resolve whether or not the signatures could be received ahead of the petition.” Hence, the veteran poll lawyer notes, these signature sheets have no useful purpose in case another initiative is initiated. “They cannot be the basis of another proposition to amend the constitution since new rules will already govern future initiatives,”he noted, reminding that petitioners of this initiative should be guided by these new rules before they can move for another initiative. “If they want to propose the same amendment, they have to start all over again based on the said new guidelines.”

He noted that“it will take time for the Comelec to come up with new rules that will govern the conduct of an initiative,” noting that “this is so because Comelec is now very busy preparing for the forthcoming resumption of the continuing registration of voters this February which will last until September 30, coupled with the its preparation for the 2025 mid-term elections and the early filing of certificates of candidacy.” Thus, he added, “any effort to amend the Constitution through initiative has to wait until the 2025 national and local elections are held.” In other words, he expects “there will be a complete overhaul of the rules governing the conduct of an initiative. One which the people could easily understand and the proponents properly guided to avoid the confusion that marred the recently sidelined initiative.” Butch

Fernandez, Samuel P. Medenilla

OCAL government officials representing some 350 cities and municipalities who attended a recent summit vowed to work with various stakeholders to ensure an inclusive approach to “safe” water and sanitation for a cleaner, healthier, and sustainable environment. The summit, co-organized by the Department of Environment and Natural Resources (DENR) and Department of the Interior and Local Government (DILG) held in Quezon City last Monday, January 26, was attended by 350 local officials and stakeholders in waste management and water security. It paved the way for an exchange of views on various issues and concerns on water and wastewater and identified solutions through partnerships with national government agencies (NGA) and international organizations, allocation of funds for water development, and a coordinated approach to water concerns. For the waste sector, among the solutions raised were strengthening par tnerships with NGAs, local government units (LGU), academe, private institutions, and the informal waste sector, creating incentives to encourage waste segregation in households, and ensuring that e-waste and disaster waste are part of the Solid Waste Management Plan. In his speech, DILG Secretary B enjamin “B enhur ” Abalos Jr. hig hlig hted the importance of collaborationamongvariousstakeholders to address challenges faced by concerned local government units. He said together with the DENR, the DILG would come up with plans to address the problems. “Huwag kayong mahiya sa amin. Sabihin ninyo sa amin kung ano ang problem sa lugar ninyo, at gagawa tayo ng plano ng sabay-sabay kasama ang DENR,” he said. For her part, DENR Secretary Maria Antonia Yulo-Loyzaga underscored the critical role of LGUs in the country’s push for sustainability and resilience, particularly in achieving the targets of the Philippine Development Plan and the Sustainable Development Goals (SDGs). “A study estimates that 65 of the 169 sub-targets of our 17 SDGs will not be achieved without the engagement of our local and regional governments,” said Yulo-Loyzaga. Loyzaga emphasized the need to develop and protect water sources, conduct water treatment effectively, distribute water efficiently, and collect sufficient fees to sustain its management and operation. “ Water conser vation is not implemented more so if water is cheap relative to other household expenses, such as electricity and mobile connectivity,” Yulo-Loyzaga pointed out.

sellers, including product seizures and legal charges against counterfeit vendors,” the USTR report read. The office of the USTR recognized the “coordinated efforts” being done between right holders and mall management. These, it noted, included warning letters and suspension of business for repeat violators. “Mall management, with the support of city authorities, is reportedly in the process of converting Greenhills Shopping Center into a high-end mall with legitimate sellers,” the USTR noted. As described in the report of USTR, Greenhills Shopping Center is a large mall with many storefronts selling counterfeit goods, including electronics, perfumes, watches, shoes, accessories, and fashion items.

The DENR, through its Water Resources Mana gement O ffice (WRMO), has partnered with the National Irrigation Administration (NIA) to convert a portion of irrigation water into a potable water supply. Large-scale projects in Cavite, Tarlac, and Iloilo are scheduled to commence this year as part of WRMO’s activities aimed at establishing sustainable water systems.

Plastic waste challenge

ON the pressing problem of solid waste, Yulo-Loyzaga said it is imperative to encourage the consumer sector to be more conscious of the plastic waste that it generates, and reiterated her call to the private sector, academe, and the industry for the need to put research into the substitution of single-use plastic. “Until we find an affordable and equally functional material to single-use plastic, we will not be able to eradicate its use. This also has a social impact on those that need this material to actually service their daily need,” said Yulo-Loyzaga. She added that for this year, the DENR would assist in identifying suitable landfill sites from multiple LGUs to use. A nationwide campaign for recycling and other waste reduction methods will also be launched. The DENR is also in direct contact with its international and local partners in the academe and the scientific community to explore the latest in waste and water technologies and develop this capacity in the Philippines. The Philippines generates 61,000 metric tons of solid waste daily, 12 to 24 percent of which comes from plastic waste. DILG Undersecretary Juan Victor Llamas led the Pledge of Commitment of LGU officials to reaffirm their duty to ensure the well being of their communities and the sustainable management of water and waste. They pledged to adopt and enforce comprehensive solid waste management policies and regulations aligned with national laws and guidelines, to prioritize projects that ensure equitable access to safe water and sanitation facilities in their areas of jurisdiction and address the challenges posed by improper solid waste management to the environment, public health and well-being. Aligned with the Philippine Development Plan 2023-2028 and the SDGs, the summit discussed water security, ecological integrity of water systems, and resilience to water hazards. It also tackled the significance of broadening waste minimization initiatives, including mainstreaming the circular economy and promoting sustainable consumption and production. Jonathan L. Mayuga

BIÑ CITY OF

A BusinessMirr

Friday, February 2, 2024 | www.businessmirror.com.ph

‘Araw ng Biñan’ strengthens bonds and historical awareness in the city

By John Eiron R. Francisco

IÑAN City continues to evolve, and its “Araw ng Biñan” (Biñan Day) celebration remains a beacon that guides residents and visitors alike through a journey of cultural appreciation and shared history that shaped the city.

“Araw ng Biñan is, I think, much grander in terms of pagtanggap ng mga tao kasi parang mas unawa ng tao ‘yung kanilang roots [people’s reception because it seems that people have a deeper understanding of their origins],” City of Biñan Tourism and Cultural Affairs Officer Bryan Jayson Borja told BusinessMirror. According to Borja, the Araw ng Biñan celebration holds a unique position in the hearts of the people, as it commemorates the Cityhood Anniversary on February 2, Liberation Day from the Japanese Imperial Forces on February 3, and the Foundation Anniversary on February 4 - with periods of 14 years, 79 years, and 277 years, respectively, this year. He said that the significance of this threeday event lies primarily in its deep connection to the historical milestones of the city. “You have to make the people always remember where they came from. Because, you know, as cliché as it may sound, we need to learn, have learned, and will learn from the lessons of our history,” he said. However Borja, awarded Most Outstanding Tourism Officer of the Philippines in 2019 by the ATOP-DOT Pearl Awards, mentioned that the landscape has undergone significant changes, particularly in the way people perceive and engage with live events such as festivals, where festivals are designed exclusively for live attendance, in which the objective is to physically immerse oneself in the experience. Now, there’s a shift toward combining live events with online streaming. He said that this evolution raises questions about the authenticity of the festival experience and how organically it aligns with people's expectations. But, “I think special siya because ginagawa na ulit namin yung mga ginawa namin before [we are revisiting the things we have

done in the past]," he added that “the challenge will always be there.” The City Government through its Biñan City Culture, History, Arts and Tourism Office (BCHATO) strives to strike a balance between maintaining the essence of celebrating historical moments and adapting to modern trends; but the challenge is to be innovative consistently, said Borja. “The perpetual challenge is surpassing our own standards. It’s like competing against oneself because you do this all the time. So you have to outdo yourself every year,” he said and expressed the importance of staying true to the festival’s primary purpose.

Pride and roots shine

Biñan is located 35 kilometers south of Manila, with a land area of 4,350 hectares divided into 24 barangays and is known for its cultural richness exemplified by landmarks like the Alberto Mansion, the ancestral house of Teodora Alonso, mother of national hero Jose Rizal. Beyond its historical significance, the city hosts two lively major festivals: Araw ng Biñan and the Puto Latik Festival. The Puto Latik Festival lauds and fosters the Puto Biñan, and the “maglalatik” folk war dance which is offered to San Isidro Labrador, patron saint of farmers and of Biñan. It is celebrated from May 15 to 23 of every year. “It's almost the same but it's not the same. Kasi pag Araw ng Biñan ang pinag-uusapan mo, historical cultural milestone, mas involved halos lahat,” Borja said. However, “the Puto Latik Festival, it's really more on tourism, it serves as a platform for barangays and local businesses to showcase and promote their products that creates opportunities for them to shine,” he added. Meanwhile, the celebration of Araw ng

Biñan is more than just historical event, said Biñan City Mayor Walfredo “Arman” Dimaguila Jr., since it plays a crucial role in instilling pride and love for the locality among the people of Biñan. “When you keep on doing celebrations like Araw ng Biñan, it will keep the fire burning in terms of making the people aware of what they have, in terms of their cultural heritage, historical heritage, artistic heritage,” Dimaguila said. Through Mayor Dimaguila's leadership, the City of Biñan was awarded “Best TourismOriented LGU” by the ATOP-DOT Pearl Awards last year, and Province of Laguna's “Tourism and Culture-Oriented LGU” in 2019 and 2022 by the Sangguniang Panlalawigan ng Laguna. The repetition of such events, in Dimaguila’s view, leads to sustainable tourism, by consistently reminding the residents of their heritage, cultural sites, historical significance. Ultimately, a sense of pride is cultivated. He said that this pride, in turn, triggers a cascade of positive outcomes. Residents become more environmentally conscious, actively contributing to the cleanliness and care of their city. With love for their city comes a commitment to its well-being and they refrain from littering and speak positively about Biñan that creates a virtuous cycle of civic responsibility. Borja stressed that the essence of Araw ng Biñan lies in the mantra of “make the people realize, remember and never forget.” “Merong mas malalim na reasons why you’re doing festivals…you have to remember kung ano yung roots mo and at the same time, dapat grounded [There are deeper reasons why you're organizing festivals... you have to remember your roots and, at the same time, stay grounded],” he said. Araw ng Biñan stands as an annual reminder for the people to reflect on and appreciate their roots that foster a sense of identity, pride, and responsibility that contributes to the long-term development and promotion of Biñan's unique cultural history, said Borja.

SEA OF CROWDS. The City of Biñan during the celebration of its Araw ng Biñan gives recognition to its most important resource—its people, the Biñanenses. Yearly, the three-day celebration opens with a Grand People's Parade. PHOTO: JERY JIMENEZ

Unquantifiable and Intangible Investment

When BusinessMirror asked about the evolving tourism landscape and the city’s efforts to attract more visitors, Borja emphasized the unquantifiable and intangible nature of tourism. He stated that it's more than just a financial investment. Unlike traditional projects, the returns of tourism cannot be measured solely in monetary terms. Borja illustrated the domino effect of

In 2022, the Araw ng Biñan celebration was awarded 1st Runner-Up by the ATOP-DOT Pearl Awards for Best Tourism Event-Historical Commemorations.

Pamana ng Buhay: The Living Heritage of Biñan coffee table book was launched in Araw ng Biñan 2020 with Senate President Vicente “Tito” Sotto. The book was awarded 1st runner-up as Best Tourism Publication at the 2022 ATOP-DOT Pearl Awards.

tourism on the local economy. A visitor's journey involves various transactions, from transportation to dining, shopping for souvenirs, and engaging in local activities. These transactions contribute to the livelihood of drivers, restaurant owners, vendors, and artisans. In turn, he said that this creates a ripple effect that fosters economic growth within the community. Despite the challenge of quantifying the impact, Borja highlighted tangible signs of growth, particularly in business. He cited an increase in new businesses in Barangay Poblacion alone that showcased the direct link between vibrant tourism initiatives and economic prosperity at the grassroots level. “Basically, when you have tourism, you have jobs for the people,” he said. According to the Commission on Audit (COA), the City of Biñan registered a total revenue of around P3.5 billion in the year 2022. This marks a noticeable increase of 31.71 percent compared to the previous year's total, which stood at over P2.6 billion in 2021. Looking back at 2020, the city's total revenue amounted to roughly P2.6 billion, reflecting a marginal decrease of 2.50 percent from the

preceding year, where the total revenue exceeded P2.7 billion in 2019. Meanwhile, Biñan City Business Permits and Licensing Office (BCBPLO) headed by Atty. Edward Vange Arriba revealed a consistent increase in registered businesses from 2018 to 2023. In 2018, the city recorded a total of 6,062 registered businesses, with 1,448 being new establishments and 4,216 renewals. The following year, in 2019, the numbers continued to climb, reaching a total of 6,787 registered businesses. Among these, 1,529 were new ventures , while 5,258 were renewals. Despite the challenges posed by the global pandemic in 2020, the year saw a total of 7,040 registered businesses, with 1,198 new establishments and 5,842 renewals. The consistent growth trend persisted in 2021, with a total of 7,519 registered businesses, including 1,567 new businesses and 5,952 renewals. In 2021, the city saw a further increase, with a total of 7,519 registered businesses, featuring 1,567 new establishments and 5,952 renewals. The momentum continued into 2022, witnessing a substantial spike with 8,147 registered businesses. Among them, 1,394 were new

businesses, and 6,753 were renewals. The most recent data for 2023 showcases a remarkable growth, with a total of 8,865 registered businesses that represents an 8.9 percent increase from the previous year. Out of this total, 1,812 were new businesses that highlighted a steady influx of entrepreneurial activity, while 7,053 were renewals. As Biñan City positions itself as a dynamic business hub, local authorities are expected to continue fostering an environment that encourages entrepreneurship, ensuring sustained economic prosperity for the city and its residents. Prior to the cityhood of Biñan, as per COA, Biñan was one of the richest municipalities in the Philippines, with an annual gross income of P677 million and net income of P250 million in 2007. Biñan’s economy is driven by its industrial estates, export processing zones, and residential communities. These positive developments, coupled with the city's expanding geographical size and population, prompted Representative Dan Fernandez and Senator Miguel Zubiri to advocate for the cityhood of Biñan, emerging from nearly four centuries of colonization under the

ÑAN

ror Special Feature

www.businessmirror.com.ph | Friday, February 2, 2024 A7

This is the 7th year of the Biñan National Choral Festival. The past years' winners include Servi Dei Vocal Ensemble (Biñan City), Chorus Vocales Philippines (Mandaluyong City), Philippine Normal University Chorale (Manila), Coro della Croce (Noveleta, Cavite), Malabon Concert Singers (Malabon) and the Letran Singing Ambassadors (Manila).

Yearly, the central figures of the celebration are its war veterans. Though there are no more surviving veterans in Biñan, the city continuous to honor their heroism by awarding cash gifts to their families.

In 2018, now Vice President Sara Duterte graced Araw ng Biñan to honor the Hunters ROTC Guerrillas, the liberators of Biñan. Sixto Almario, the last surviving liberator of Biñan, was also in attendance. He died six months after.

Biñan Mayors from as far back as 1980 gather for Araw ng Biñan celebrations in 2018. (L-R) Atty. Miguelito "Lito" Lim-Aco (1980-1986), Bayani "Arthur" Alonte (19881998), Hermis "Boy" Perez (1998-2007), Marlyn "Len" Alonte (2007-2016) and current Mayor, lawyer Walfredo "Arman" Dimaguila Jr.

Alonte passed City Ordinance No. 14-2016 that solidified Araw ng Biñan, designating February 2 to 4 annually for the formal celebration of Biñan City's cityhood, liberation, and foundation day. The move highlighted Biñan’s commitment to preserving and celebrating its unique identity as it continued to evolve and thrive.

Heritage conservation efforts rewarded

VALUE FOR CULTURE, THE ARTS, AND LOCAL ARTISTS Araw ng Biñan coincides with the celebration of National Arts Month. The Center for Performing Arts, that commenced construction last year, is set to open in next year’s Araw ng Biñan—a milestone celebration marking the 15th cityhood anniversary and 80th Liberation Day of Biñan.

Spaniards, Americans, and the Japanese, Biñan emerged as an independent component city of the Province of Laguna in 2010 by virtue of Republic Act 9740. It swiftly became the undeniable commerce and trading capital of Southern Luzon, an industrial extension south of Metro Manila, and a burgeoning heritage city that champions culture and the arts. Five years later, on January 26, 2015, House Bill 3917 secured unanimous approval on its third and final reading in the Senate. This bill facilitated Biñan's separation from the First Congressional District of Laguna, elevating it to the status of a Lone Congressional District. The late President Benigno Aquino III signed Republic Act 10658 into law on March 27, 2015.

In 2016, Mayor Arman took a significant step by signing Executive Order 04-2016, later concurred by the Sangguniang Panglungsod ng Biñan as City Ordinance 12-2016. This marked the establishment of the BCHATO, tasked with spearheading initiatives to enhance and promote Biñan's rich cultural, historical, artistic, and tourism heritage. On the other hand, Lone Congressional District of Biñan Representative Marlyn “Len” Alonte, initiated the passage of RA 11442 which declares February 3 of every year a special working holiday in the City of Biñan, to be known as "Biñan Liberation Day.” It was signed by Former President Rodrigo Duterte on August 28, 2019. Simultaneously, Vice Mayor Angelo “Gel”

IN 2022, Biñan City soared to new heights, securing top ranks in economic dynamism and innovation among Philippine component cities, according to the Cities and Municipalities Competitive Index. The city's economy stood out, gauged through metrics such as local economy size, growth, employment generation, cost of living, cost of doing business, financial deepening, productivity, and the presence of business and professional organizations. Remarkably, Biñan clinched the first spot in economic dynamism and landed at a commendable third place in innovation that demonstrated its adeptness in supporting sustained development through technology and research, factors that contribute to its innovative standing included an ICT plan, ICT utilization, online payment facilities, internet capabilities, basic internet service availability, new technology integration, and intellectual property registration. Biñan further cemented its position as a top-performing local government unit (LGU) by being a yearly awardee of the Seal of Good Local Governance (SGLG) from the Department of the Interior and Local Government (DILG). Adding to its accolades, Biñan proudly secured major awards at the 2022 and 2023 ATOP-DOT Pearl Awards during the annual National Tourism Convention.

The city was also recognized as one of the Ten Outstanding Local Governance Programs, an achievement attributed to its groundbreaking "Balik-Biñan Project: Tourism Development Through Heritage Conservation,” and won its first “Galing Pook Award.” Launched in 2016, the "Balik-Biñan Project" comprised seven major programs. These included the conversion of the old municipal building into the "Sentrong Pangkultura ng Biñan," the restoration of Historic Alberto Mansion, the revival of the Biñan Heritage District, the implementation of the Local Cultural Mapping Project, the creation of tourism and culture publications, songs, and videos, culture-based governance training for city and barangay officials, and the formulation of the 10-year City Tourism Development Plan. Mayor Arman said, “Balik-Biñan is a commitment more than a project, it reminded us of the joy and pride of being Biñanense, a Filipino Biñanense. To be recognized with our heritage, especially during these times when we search for our national identity, is quite an achievement.” Meanwhile, Borja debunked the notion that accolades alone drive tourism success. He underscored the role of events, like the Araw ng Biñan festival in the strategic promotion to recognize the tourism potential and those who are willing to invest in the community, thereby fostering economic growth and providing sustainable livelihoods for its residents.

Vision unfolds

Meanwhile, the City Government of Biñan remains dedicated to the vision of fostering responsible citizens who take pride in their rich cultural, historical, and artistic heritage. The city aspires to provide its residents with a peaceful and secure environment, a well-preserved ecosystem, accessible quality education, and strategically planned infrastructure facilities—all underpinned to position Biñan as the Premier Heritage and

Trade Capital South of Metro Manila. Several notable programs were implemented as part of the city government's initiatives. One of these initiatives is the Bahay Pagasa, a 4,000-square-meter shelter in Barangay San Antonio dedicated to socially displaced and delinquent children and the elderly. They also established Balay Silangan which serves as Biñan’s drug rehabilitation center. The Biñan Center for Women’s Health, inaugurated on March 15, 2019, operates within the Ospital ng Biñan Complex. It offers healthcare services specifically tailored for women. The center has an obstetrics-gynecology clinic with a birthing center, and is equipped with advanced technology in mammography. Indeed, Biñan, known for its numerous ancestral houses, takes steps to preserve its cultural legacy. In 2015, the city government acquired the Jacobo Gonzales Ancestral House and Jose Rizal’s first school. Efforts continue to protect other "bahay na bato" (stone houses) or "bahay tisa" (brick-roofed houses) by declaring and classifying them as local heritage sites. Biñan has also invested in cutting-edge facilities, such as the pioneering C3 (Command, Control, and Communication) Center, and the Radyo Biñan 87.9 FM, the first of its kind in the Province of Laguna. Furthermore, the city government constructed the Biñan City Science and Technology High School in Silmer Village, Barangay San Francisco. Biñan's development strategy includes significant environmental initiatives, exemplified by the inauguration of the Eco Center Materials Recovery Facility (MRF). Operated by the City Environment and Natural Resources Office (CENRO), this facility transforms plastic waste into 5,000 bricks or 2,500 hollow blocks daily that contribute to climate change mitigation. Mayor Arman's flagship program, the “Kaserbisyo Garments Factory” launched in 2017, serves as a livelihood venture for women and solo parents, implemented by Biñan’s Public Employment Services Office (PESO) with

assistance from the Department of Labor and Employment (DOLE) Region IV-A Calabarzon. Additional programs, such as Go Forward Livelihood, H.A.P.I. Family Card, Mobile Computer Laboratory, Solar Power Investment, New Biñan Market, Organic Farm, and compost facility, underscore Biñan's commitment to comprehensive and sustainable development. Other initiatives not only enhanced the city's physical landscape but also contributed significantly to the overall well-being and development of Biñan like the expansion of Canlalay Elementary School, boasting an additional of 20 new classrooms. While Soro-Soro Elementary School has also experienced a positive change with the construction of 16 new classrooms, accommodating a rising student population. The focus on education extends to Langkiwa Senior High School, where a gymnasium has been established, fostering a holistic approach to student development. Recognizing the importance of higher education, the administration has collaborated with the Polytechnic University of the Philippines (PUP) to establish the College of Information Technology and Engineering (C.I.T.E.), offering new avenues for academic and professional growth. The completion of the Esplanade project will provide recreational spaces and community engagement. The project includes the construction of facilities for the Bureau of Jail Management and Penology (BJMP), an extensive road network, and a walkway for residents to enjoy. Other projects are the Dalampasigan Site Development in Brgy. Malaban, St. Anthony Integrated School in Brgy. San Antonio, formerly Holy Infant, has also been revitalized under the administration's initiatives. The ongoing development of the New Ospital ng Biñan that promises modern facilities and advanced medical services for the local residents. Other notable projects include a four-story, 42 classroom school in Brgy. Dela Paz, asphalt laying along the Carmona-Timbao Road (2.3KM), and the establishment of a Solar Energy Facility. Mayor Arman believes that these infrastructure projects are focused on creating a more sustainable, inclusive, and vibrant community for all. Delving into the decision-making process, Borja acknowledged the intricate nature of their work and the collaborative approach taken by the city government. "We have a council," Borja explained. "It's not just the Mayor, and BCHATO making decisions. Our office thinks about it, and when we've conceptualized a project, we present it to Mayor Arman. He scrutinizes it, then presents it to the council." Meanwhile, Borja highlighted the significance of the BCHATO Council, a diverse body comprising representatives from various developmental sectors such as women, the LGBTQ community, fisher folks, rice cake makers, owners of old houses, educational institutions and more. He emphasized the importance of listening to the community and recognizing that government initiatives are ultimately for the people. “Always remember, ang gobyerno ay para sa tao. Hindi mabubuhay ang gobyerno kung walang tao. So ang ginagawa namin ay dapat laging panalo ang tao," he said.

Continuity and community ownership

According to Borja, continuity and longevity go hand in hand with the community's embrace and sense of ownership of the festivals. The city government, in particular the BCHATO, advocates for a simple yet powerful concept: the people taking pride and ownership of their cultural celebrations. "The objective of our office in terms of celebrations like this is really continuity and longevity," he said. The journey began in 2010 with the initiation of the Puto Latik Festival during Mayor Len Alonte's tenure. Even when Mayor Arman took office in 2016, he chose not to dismiss the festival and its name but continued and supported its growth, “That's a first step, you set aside identity and politics in terms of continuity of its culture,” Borja said. “Dahil hindi pwede napopulitika ang kultura, kasaysayan at sining, never. Kasi ang kultura, kasaysayan, at sining soul yan ng city,” he highlighted and cautioned against tampering with the cultural and artistic soul of a city, stressing that culture, history, and the arts are the essence of a community, “If you meddle with that, I don't know where your town is headed," he remarked. To ensure the festival's lasting impact, Borja emphasized the need to instill a sense of ownership in the community. He pointed out that events like Araw ng Biñan and the Puto Latik Festival belong to the people of Biñan, not to any particular political figure. “Hindi dapat sa politiko ka loyal. Loyal ka dapat doon sa brand ng Biñan, na may feeling ka na, ‘Amin ito!’ [You should not be loyal to politicians. You should be loyal to the brand of Biñan, that you have a feeling that ‘this is ours!’],” he declared passionately and urged residents to take pride in their heritage and actively participate in the celebration of their unique culture.

Friday, February 2, 2024

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Editor: Angel R. Calso • www.businessmirror.com.ph

Russia and Ukraine swap 200 POWs amid tension over recent plane crash

YIV, Ukraine—Russia and Ukraine have exchanged about 200 prisoners of war each, the countries said Wednesday, despite tensions stemming from last week’s crash of a military transport plane that Moscow claimed was carrying Ukrainian POWs and was shot down by Kyiv’s forces.

After the January 24 crash of the Il-76 plane in Russia’s Belgorod region near the border with Ukraine, some Russian officials had publicly questioned the possibility of future POW swaps.

Russia’s Defense Minist r y said the countries exchanged 195 POWs each. After the statement was released, Ukrainian President Volodymyr Zelenskyy said 207 Ukrainians were freed. There was

RECENTLY swapped Ukrainian prisoners of war covered in national flags sit in a bus after a prisoner exchange on the Ukrainian-Russian border on Wednesday, January 31, 2024. Russia and Ukraine have exchanged about 200 prisoners of war each, the countries said Wednesday, despite tensions stemming from last week’s crash of a military transport plane that Moscow claimed was carrying Ukrainian POWs and was shot down by Kyiv’s forces. AP/DANYLO PAVLOV

no immediate explanation for the different figures. “We remember each Ukrainian

Strike by security staff at major airports in Germany cancels hundreds of flights

ER LIN—Secur it y workers at most of Germany’s major airports walked off the job Thursday in a one-day strike to step up pressure in a pay dispute, prompting widespread flight cancellations. The ver.di union, which announced the walkout on Tuesday afternoon, called on workers to strike at 11 airports: Frankfurt, Berlin, Cologne, Duesseldorf, Hamburg, Stuttgart, Leipzig, Hannover, Dresden, Bremen and Erfurt. Airports in Bavaria—including Munich, the country’s second busiest—were not affected.

A ll departures for the day from Berlin, Hamburg and Stuttgart were canceled before the strike started. About fourfifths of f lights in Cologne and one-third in Duesseldorf also were canceled. In Frankfurt, the operator of Germany’s busiest airport said security checkpoints outside the transit area would remain closed. It advised passengers planning to start their journeys there not to come to the airport. However, there were connections for transferring passengers; Lufthansa planned to operate much of its planned schedule, including in-

tercontinental flights. Airport operator group ADV est i m ate d t h at a b out 1,10 0 f lights in total would be canceled or delayed, affected some 200,000 passengers, Ger man news agency dpa reported. Three rounds of labor negotiations have failed to produce a pay agreement for some 25,000 security workers. Ver.di is seeking a raise of 2.80 euros per hour ($3.03) for all employees and calling for bonuses for overtime work to kick in from the first extra hour. A n employers’ assoc i at ion says it offered a 4 percent raise

in captivity. Both warriors and civilians. We must bring all of them back. We are working on this year and 3 percent next year, as well as concessions on when overtime bonuses kick in. The talks are due to resume on February 6. Short “warning strikes” are a common tactic in German contract negotiations. In a separate dispute, ver.di has called for strikes Friday on local public transportation systems in much of the country. A bitter dispute over working hours and pay resulted in fullscale strikes last month that affected Germany’s passenger trains. The GDL union, which represents many of the country’s train drivers, on Monday ended a five-day strike earlier than originally planned after agreeing to resume talks with the state-owned main railway operator, Deutsche Bahn. AP

US blames Iran-backed militias for deadly drone attack in Jordan as it weighs reprisals By Jon Gambrell, Aamer Madhani & Zeke Miller The Associated Press

ASHINGTON—The United States on Wednesday attributed the drone attack that killed three US service members in Jordan to the Islamic Resistance in Iraq, an umbrella group of Iran-backed militias, as President Joe Biden weighs his options to respond to the strike. Iran threatened to “decisively respond” to any US attack on the Islamic Republic after the US said it held Tehran responsible. The US has signaled it is preparing for retaliatory strikes in the Mideast in the wake of the Sunday drone attack that also wounded more than 40 troops at Tower 22, a secretive base in northeastern Jordan that’s been crucial to the American presence in neighboring Syria. National Security Council spokesman John Kirby said Wednesday the US believes the attack was planned, resourced and facilitated by the Islamic Resistance in Iraq, an umbrella group that includes the militant group Kataib Hezbollah. He said Biden “believes that it is important to respond in an appropriate way.” He said Biden was continuing to weigh his options, but Kirby said “the first thing you see won’t be the last thing,” adding it “won’t be a one-off.” Kirby dismissed a statement by Iraqi militia Kataib Hezbollah announcing “the suspension of military and security operations against the occupation forces in order to prevent embarrassment to the Iraqi government.” He said the group can’t be taken at face value, and he added, “they’re not the only group that has been

attacking us.” As of Wednesday, Kataib Hezbollah and other Iran-aligned militias had launched 166 attacks on US military installations since October 18, including 67 in Iraq, 98 in Syria and the one in Jordan, according to the US military. The US has struck back at the militias a few times over the past three months. On October 27, US fighter jets struck two weapons and ammunition storage sites in eastern Syria near Boukamal that were used by Iran’s Islamic Revolutionary Guard Corps and Iranian-backed groups. Also in Syria, fighter jets dropped bombs on an IRGC weapons storage facility near Maysulun in Deir el-Zour on November 8. And US airstrikes targeted a training facility and a safe house in the Bulbul district of Mayadin on November 12. On December 26, the US launched strikes on three locations in Iraq used by Kataib Hezbollah and affiliated groups, and on January 23, the US struck three sites in Iraq, again targeting Kataib Hezbollah. Any additional American strikes could further inflame a region already roiled by Israel’s ongoing war on Hamas in the Gaza Strip. The war began with Hamas attacking Israel on October 7, killing some 1,200 people and taking about 250 hostage. Since then, Israeli strikes have killed more than 26,000 Palestinians and displaced nearly 2 million others from their homes, arousing anger throughout the Muslim world. Violence has erupted across the Mideast, with Iran striking targets in Iraq, Pakistan and Syria, and the US carrying out airstrikes targeting Yemen’s Iran-backed Houthi rebels over their attacks on shipping in the Red Sea. Some observers fear a new round of strikes targeting Iran could tip the region

into a wider war. A US official, speaking on condition of anonymity to discuss military operations, said American F/A-18 fighter jets on Wednesday struck and destroyed 10 Houthi drones that were prepared to launch. The US military’s Central Command said later Wednesday that the guided missile destroyer USS Carney had shot down one anti-ship ballistic missile fired from Houthicontrolled areas of Yemen toward the Gulf of Aden. The Carney also shot down three Iranian drones, Central Command said. The Iranian warnings first came from Amir Saeid Iravani, Iran’s ambassador to the United Nations in New York. He gave a briefing to Iranian journalists late Tuesday, according to the state-run IRNA news agency. “The Islamic Republic would decisively respond to any attack on the county, its interests and nationals under any pretexts,” IRNA quoted Iravani as saying. He described any possible Iranian retaliation as a “strong response,” without elaborating. The Iranian mission to the UN did not respond to requests for comment or elaboration Wednesday on Iravani’s remarks. Iravani also denied that Iran and the US had exchanged any messages over the last few days, either through intermediaries or directly. The pan-Arab satellite channel Al Jazeera, which is based in and funded by Qatar, repor ted earlier that such communication had taken place. Qatar often serves as an intermediary between Washington and Tehran. But Iran’s government has taken note of the US threats of retaliation for the attack on the base in Jordan. “Sometime, our enemies raise the

threat, and nowadays we hear some threats in between words by American officials,” Revolutionary Guard commander Gen. Hossein Salami, who answers only to Supreme Leader Ayatollah Ali Khamenei, said at an event Wednesday. “We tell them that you have experienced us, and we know each other. We do not leave any threat without an answer.” “We are not after war, but we have no fear of war,” he added, according to IRNA. Kirby, for his part, said the US doesn’t “seek a war with Iran. We’re not looking for a broader conflict.” On Saturday, a general in charge of Iran’s air defenses described them as being at their “highest defensive readiness.” That raises concerns for commercial aviation traveling through and over Iran as well. After a US drone strike killed a top general in 2020, Iranian air defenses mistakenly shot down a Ukrainian passenger plane, killing all 176 people on board. Meanwhile, attacks by the Houthis and counterattacks by the US continue in the Red Sea. The private security firm Ambrey reported Wednesday night that a ship was targeted with a missile southwest of Aden, Yemen, near the Bab el-Mandeb Strait between the Red Sea and the Gulf of Aden. The Houthis claimed an attack on a vessel at the time called the Koi, a Liberian-flagged container ship. The ship’s managers could not be immediately reached for comment. It was unclear if the reported missile attack caused any damage or injuries. The Associated Press writers Nasser Karimi in Tehran, Iran, and Tara Copp and Lolita C. Baldor in Washington contributed to this report.

it,” Zelenskyy said on X, formerly Twitter. Dmytro Lubinets, Ukraine’s ombudsman for human rights, said on social media that it was the 50th such exchange since the beginning of Russia’s full-scale invasion nearly two years ago, with a total of 3,035 POWs repatriated. Among the Ukrainians released were members of the armed forces, National Guard, Border Service and national police, said Andrii Yermak, head of Ukraine’s Presidential Office. He added that some of them had been captured while defending Mariupol, Azovstal, and Snake Island. The Russian military said, without providing details or evidence, that the Russian POWs who were swapped Wednesday “faced deadly danger in captivity” and will be flown to Moscow for treatment and rehabilitation.

Moscow had said 65 Ukrainian POWs had been aboard the military transport that crashed January 24. Ukrainian officials confirmed that a swap was due to take place that day and was called off, but said it has seen no evidence the plane was carrying the POWs. Meeting with his campaign staff in Moscow as he ramps up his run for reelection, President Vladimir Putin said Russi a n invest igators conc luded that Ukraine used US-supplied Patriot air defense systems to shoot down the transport plane. Ukrainian officials didn’t deny the plane’s downing but didn’t take responsibility and called for an international investigation. Putin said Russia wouldn’t just welcome but would “insist” on an international inquiry on what he described as a “crime” by Ukraine. AP

Pope names 3 Chinese bishops, reorganizes diocese under a controversial 2018 accord

OME—Pope Francis on Wednesday announced the nomination of a new Chinese bishop, the third in less than a week, in an apparent sign that a controversial 2018 accord with Beijing governing the nomination of Chinese bishops is working. Bishop Peter Wu Yishun was consecrated bishop of Minbei in Fujian in southeast China, the Vatican said in a statement. It noted that Francis had named him bishop on December 6. On Monday, the Vatican announced a new bishop for Weifang and said Francis had reorganized the church territory and erected a new diocese there to conform with China’s geographic delineation of the area. Bishop Anthony Sun Wenjun had been named last April but was actually consecrated Monday, the Vatican said. The Vatican said Francis made the decision to redraw Weifang’s borders “with the desire to promote the pastoral care of the Lord’s flock, and to attend better to its spiritual welfare.” It noted that the previous territory, called an apostolic prefecture, had been erected in 1931 by Pope Pius XI. On January 25, the Vatican announced the consecration of the new bishop of Zhengzhou, Tadeus Wang Yuesheng. The Vatican said all nominations took place “within the framework” of the 2018

Vatican-China accord. The 2018 deal, which has been renewed twice, aimed to unite China’s estimated 12 million Catholics, who have been divided between an official church and an underground church loyal to Rome. The underground church emerged when the Communists came to power and diplomatic relations between the Holy See and China ruptured. Francis has said he has final say in the bishop appointment process, but Beijing last year made a handful of unilateral bishop appointments without papal consent, amid a broader crackdown by President Xi Jinping on religious freedoms. The Vatican gave in and recognized the appointments after the fact. The terms of the 2018 deal were never released, and Francis’ critics have blasted it as a sellout of those Chinese Catholics who remained loyal to the Vatican and suffered bouts of persecution. The Vatican has previously acknowledged that the 2018 accord was far from ideal but that it was the best deal it could get. Beijing has long insisted that it must approve such appointments as a matter of its national sovereignty. The Vatican has insisted on the pope’s divine authority to choose the successors of Christ’s apostles. AP

Myanmar’s resistance forces suggest terms for military’s eventual handover of power

A N G KO K— M y a n m a r ’s l e a d i n g resistance group and allied ethnic armed groups battling the military government on Wednesday released a political road map to ending military rule and enabling a peaceful transition of power, saying they were open to peace talks with the army if it accepted their terms. The joint statement was released a day ahead of the third anniversary of the army’s seizure of power from the elected government of Aung San Suu Kyi, and the same day the government extended a state of emergency for another six months. The emergency decree empowers the military to assume all government functions. The joint statement, posted on social media, was the clearest yet on the resistance movement’s goals if it prevails in the civil war. The militar y government had no immediate reaction. Myanmar’s political crisis was unleashed when the military took power and used deadly force to suppress widespread peaceful protests, triggering armed resistance throughout the country that the army has been unable to quell.

Th e n e w s t ate m e nt i s f ro m t h e National Unity Government, or NUG, established by elected lawmakers who were barred from taking their seats. It claims to be Myanmar’s legitimate government. The other signers are the Chin National Front, the Karenni National Progressive Party and the Karen National Union, all in active combat against the military government. The joint statement’s objectives include terminating the military’s involvement in politics, placing all armed forces under the command of an elected civilian g o ve r n m e n t, p ro m u l g at i n g a n e w constitution embodying federalism and democratic values, establishing a new federal democratic union and instituting a system of transitional justice. Forming a federal union has long been a goal of ethnic minority groups that would like to have more self-rule in areas where they are dominant. The statement calls for dialogue with the military’s leadership, but only after it shows its unconditional acceptance of its plan for the termination of military rule and peaceful transition of power. AP

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Friday, February 2, 2024

UN organizations support agency for Palestinian refugees in Gaza as some top donors cut funding By Jamey Keaten

The Associated Press

ENEVA—An array of UN organizations have united to warn of “catastrophic consequences for the people of Gaza “ if key donor countries don’t resume funding for the UN agency for Palestinian refugees, the main lifeline for people in the besieged territory. The United States and more than a dozen other countries have announced plans to suspend contributions to the agency known as UNRWA after Israel alleged that 12 of its thousands of workers participated in the October 7 attacks in Israel that sparked the war in Gaza. UN officials fired most of the workers and vowed an investigation. The heads of the World Health

Organization, World Food Program, UNICEF, Inter nationa l Organization for Migration and other agencies and partners said the allegations were “horrifying.” “However, we must not prevent an entire organization from delivering on its mandate to serve people in desperate need,” the joint statement said. “No other entity has the capacity to deliver

PALESTINIANS carry a body of a person killed in the Israeli bombardment at a building of an UNRWA vocational training center which displaced people use as a shelter in Khan Younis, southern Gaza Strip on January 24, 2024. AP/RAMEZ HABBOUB

the scale and breadth of assistance that 2.2 million people in Gaza urgently need.” UN officials have warned that UNRWA will have to halt operations by the end of February if funding is not restored. UN Secretar y- Genera l A ntonio Guterres appealed to 35

donor nations in a closed-door meeting on Tuesday and sought new support as well. T he a l legations against UNRWA staffers are among the most scathing yet to dent the image of the sprawling world body and its affiliates after scandals rang ing from brea kdow ns in

peacekeeping to sexual abuse in places like Congo. Linda Thomas-Greenfield, US ambassador to the United Nations in New York, acknowledged Tuesday that UNRWA plays “a critical role in providing life-saving assistance to Palestinians,” but said “we need to see fundamental changes before we can resume providing funding directly” to the organization. Martin Griffiths, the UN humanitarian aid coordinator, insisted Wednesday that UNRWA was “the beating heart” of all humanitarian aid operations in Gaza, and said its work to reach more than three-quarters of Gazans “should not be jeopardized by the alleged actions of a few individuals.” Speaking to the Security Council, Griffiths said: “UNRWA is playing an indispensable role in terms of distribution, warehousing, logistics, human resources—3,000 staff responding to the current crisis...we would like to see decisions to withhold funds from UNRWA revoked.” Jan Egeland, former head of

the UN humanitarian agency and secretary-general of the Norwegian Refugee Council, said it was “telling” that UN bodies and nongovernmental organizations agree that defunding UNRWA “means a collapse of humanitarian work among Palestinian women and children in their hour of greatest need — when they’re under this relentless, indiscriminate bombardment and when there is so little capacity for humanitarian relief.” In an interview, Egeland said “UNRWA did everything right” in response to Israel’s allegations about the UNRWA employees’ involvement in the “horrendous attack.” “They fired these people. On these mere allegations, they’ve initiated an independent investigation of everything surrounding that potential betrayal of all of our ideals by a small group of employees in the organization,” he said. Edith M. Lederer at the United Nations contributed to this report.

Traffic-blocking farmers move in on EU capital in a protest seeking better market conditions By Raf Casert

The Associated Press

ALLE, Belgium—Farmers blocked more traffic arteries across Belgium, France and Italy on Wednesday, as they sought to disrupt trade at major ports and other economic lifelines. They also moved in on Brussels on the eve of a major European Union summit, in a sustained push for better prices for their produce and less bureaucracy in their work. While the days of mushrooming discontent have been largely peaceful, French police arrested 91 protesters who forced their way Wednesday into Europe’s biggest food market, the Paris police chief said. Armored vehicles block entrances to the sprawling site at Rungis, south of the French capital. The protests had an immediate impact on Wednesday—the European Commission, the EU’s executive branch, announced plans to shield farmers from cheap exports from Ukraine during wartime and allow farmers to use some land that had been forced to lie fallow for environmental reasons. The plans still need to be approved by the bloc’s 27 member

states and European Parliament, but they amounted to a sudden and symbolic concession. “I just would like to reassure them that we do our utmost to listen to their concerns. I think we are addressing two very important (concerns) of them right now,” European Commission Vice President Maroš Šefčovič said. The rallies are part of farming protests across the EU and have shown how only a few hundred tractors can snarl traffic in capitals from Berlin to Paris, Brussels and Rome. Millions across the bloc have been facing disruptions and struggling to get to work, or seen their doctor’s appointments canceled because protests blocked their way. “It obviously has a major economic impact. Not only for our company, but for many companies in Flanders and Belgium,” said Sven Pieters of the ECS transport company in Belgium’s Zeebrugge North Sea port. In France, Interior Minister Gérald Darmanin reported 100 protests around France involving about 10,000 farmers, and warned farmers encircling Paris that any attempt to block the Rungis market and airports, and to enter the capital, would be considered “red lines.”

Protesters put a big banner on the A6 highway, south of the French capital, writing: “Paris, let our farmers get through.’’ A climax in Belgium is set for Thursday, when farmers plan to protest outside EU headquarters during a summit of government leaders. They will seek to get their issues on the summit agenda and win some concessions on the financial burdens they face and the increased competition from nations as far away as Chile and New Zealand. “It is important that we listen to them,” Belgian Prime Minister Alexander De Croo said. “They face gigantic challenges,” from adapting to climate change to countering environmental pollution, he said. Belgium currently holds the EU’s rotating presidency, and De Croo said that he would address the issue during the summit as a late addition to an agenda centered on providing more aid to Ukraine as Russia’s fullscale invasion approaches nearly two years. French President Emmanuel Macron has said that he wants to hold off on a free trade deal with South American nations because of the vehement opposition of EU farmers and will discuss the issue

at the summit. Despite the widespread inconveniences, governments in the EU are treating protests, which have been mostly peaceful, with extreme caution. Spanish farmers were also set to add their weight to the protests. Three main Spanish farming associations agreed to begin protests in the coming weeks to demand changes in what they describe as overly restrictive EU policies. Back in France, protesting farmers sought to keep each other fed— and a sense of humor about camping out for days on hay-strewn highways en route to Paris. Demonstrator Frank Chardon offered fresh croissants to some police on Wednesday near his tractor protest in Chilly-Mazarin east of Paris. “French croissants, made with French flour, top quality,” he said. “So we’re going to hand out croissants and you’re going to let us through...I see you’re not finding this funny,” he said. Undeterred, he tried again: “You open the cordon and that way we can drive through with our tractors?”

Sylvie Corbet in Paris, Alex Turnbull in Chilly-Mazarin, France, and Ciarán Giles in Madrid, contributed to this report.

PERU’S former spy chief Vladimiro Montesinos enters the courtroom for a session of former President Alberto Fujimori’s trial at a police base in Lima, Peru on June 30, 2008. A Peruvian court on Jan. 31, 2024 sentenced Montesinos, Fujimori’s former spy chief, to 19 years and eight months in prison for being the perpetrator of a massacre of six farm workers in 1992. AP/MARTIN MEJIA

Former Peruvian intelligence chief gets 19 years in prison for 1992 massacre of farmers

IMA, Peru—The intelligence chief of former Peruvian President Alberto Fujimori was sentenced Wednesday to 19 years and eight months in prison in connection with the 1992 massacre of six suspected rebels in central Peru. Vladimiro Montesinos, already in prison due to previous convictions, earlier this week pleaded guilty to charges of homicide, murder and forced disappearance for ordering the slayings of the six farmers in the town of Pativilca. The six were accused of being members of a rebel group, taken from their homes by soldiers and executed. A former military officer and a lawyer for drug traffickers in the 1980s, Montesinos became intelligence chief after Fujimori was elected president in 1990. Fujimori, who also faces charges in the case, has not pleaded guilty and a trial is expected on his role. The former president, now 85, was

released from prison in December, after Peru’s constitutional court ruled that a presidential pardon that had been awarded to Fujimori in 2017 should be upheld. Fujimori had been serving a 25-year sentence in connection with the slayings of 25 Peruvians by death squads in the 1990s. Montesinos has been in prison since 2001, charged with numerous counts of corruption schemes and human rights violations. He remains in a prison by the Pacific Ocean that he himself helped design at the time he enjoyed power during the Fujimori government from 1990 to 2000. His actions led to the collapse of Fujimori’s presidency, after clandestine tapes emerged that showed him paying bribes to congressmen, businessmen and media moguls, in an effort to buy support for Fujimori’s government. AP

EU to launch Red Sea naval mission within 3 weeks to protect ships from Houthi attacks

RUSSELS—The European Union plans to launch a naval mission in the Red Sea within three weeks to help defend cargo ships against attacks by Houthi rebels in Yemen that are hampering trade and driving up prices, the bloc’s top diplomat said Wednesday. EU foreign policy chief Josep Borrell said that he expects the bloc’s foreign ministers to sign off on the mission when they meet on Feb. 19. Officials say that seven EU countries are ready to provide ships or planes. Belgium has already committed to send a frigate. Germany is expected to do the same. The Iranian-backed Houthis have waged a persistent campaign of drone and missile attacks on

commercial ships over Israel’s offensive in Gaza against Hamas, which began in October. However, the Yemen-based rebels have frequently targeted vessels with tenuous or no clear links to Israel, imperiling shipping in a key route for global trade between Asia, the Mideast and Europe. Last week, US and British forces bombed multiple targets in eight locations used by the Iranianbacked Houthis. It was the second time the two allies conducted coordinated retaliatory strikes on the rebels’ missile-launching capabilities. Borrell insisted that the EU mission—dubbed Aspides, from the Greek for “shield”—will not take part in any military strikes and will only operate at sea.

THIS photograph provided by the Indian Navy shows US-owned ship Genco Picardy that came under attack from a bomb-carrying drone launched by Yemen’s Houthi rebels in the Gulf of Aden on Thursday, January18, 2024. Attacks on ships in the Red Sea by Yemen’s Houthi rebels have unraveled a key global trade route, forcing vessels into longer and more costly journeys around Africa. INDIAN NAVY VIA AP

“This is the purpose: protection of the ships. Intercepting

of the attacks against the ships. Not participating in any kind

of action against the Houthis. Only blocking the attacks of the Houthis,” Borrell told reporters before chairing a meeting of EU defense ministers in Brussels. T he ministers discussed which member country should lead the naval effort—France, Greece and Italy are vying for that role—and where the mission’s headquarters should be based, but no decisions were made public. Greek Defense Minister Nikos Dendias said that his country’s bid was welcomed. “I informed my counterparts that Greece is offering the Larissa Headquarters as the Headquarters for the Operation, as well as that it is ready to lead the Operation. Our offer was

positively received,” he wrote in a post on X, formerly Twitter. Larissa hosts the Hellenic Air Force and NATO headquarters in Greece. Borrell said that businesses have been demanding EU action, given the trade implications of forcing merchant ships to bypass the Red Sea on their way to and from Europe. “Many European firms asked us to do that because their business model is suffering a lot due to the high increase in cost and having to go down to South Africa,” he said, referring to the alternative route that commercial ships are taking. “It’s affecting prices, it’s affecting inf lation. So, it’s a natural endeavor for us to try to avoid this risk.” AP

A10 Friday, February 2, 2024 • Editor: Angel R. Calso

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Urgent need to address global cancer inequities

he latest estimates released by the International Agency for Research on Cancer (IARC), ahead of World Cancer Day on February 4, paint a grim picture of the global burden of cancer. The numbers are startling: 20 million new cancer cases and 9.7 million deaths in 2022 alone. These statistics highlight the urgent need to address the growing burden of cancer and the glaring inequities in cancer care worldwide. One of the most concerning findings is the lack of adequate financing for priority cancer and palliative care services in most countries. The World Health Organization (WHO) survey results from 115 countries reveal that only 39 percent of participating countries cover the basics of cancer management as part of their financed core health services. Even more disheartening, only 28 percent of countries provide coverage for palliative care, including pain relief, which is essential for improving the quality of life for cancer patients. The burden of cancer falls disproportionately on underserved populations, exacerbating existing health inequities. The IARC’s data clearly shows that certain cancers have a higher impact on specific regions and populations. Lung, breast, and colorectal cancers make up a significant portion of new cases and deaths globally. Lung cancer remains the most commonly occurring cancer, primarily due to persistent tobacco use in Asia. Moreover, there are striking disparities in cancer burden based on the Human Development Index (HDI), which is a summary composite measure of a country’s average achievements in three basic aspects of human development: health, knowledge and standard of living. Women in countries with low HDI are 50 percent less likely to be diagnosed with breast cancer than those in high HDI countries. However, the mortality rates are significantly higher due to late diagnosis and limited access to quality treatment. This disparity underscores the urgent need to address not just access to cancer care but also the quality and timeliness of diagnosis and treatment. The WHO’s global survey of health benefit packages (HBPs) reveals significant inequities in cancer services. Higher-income countries are more likely to cover lung cancer-related services, radiation services, and stem-cell transplantation in their HBPs compared to lower-income countries. These disparities in access to essential cancer services further exacerbate the already existing inequities in cancer outcomes. The projected increase in cancer burden is alarming. By 2050, over 35 million new cancer cases are predicted—a 77 percent increase from 2022. While high HDI countries are expected to experience the greatest absolute increase in incidence, low and medium HDI countries will bear the brunt of the proportional increase in incidence and mortality. The impact of this growing burden will be felt most by those who have the fewest resources to manage it. Addressing global cancer inequities requires a multifaceted approach. First and foremost, there is a need for major investments in cancer care to ensure access to affordable and quality services for all. Governments must prioritize cancer care as part of their universal health coverage efforts and allocate sufficient resources to cancer prevention, early detection, treatment, and palliative care. This includes investing in healthcare infrastructure, training healthcare professionals, and improving access to essential medicines, including pain relief. Additionally, there is a pressing need for international collaboration and knowledge sharing to support low and middle-income countries in building their capacity to tackle the growing cancer burden. This can be achieved through partnerships between higher-income countries, international organizations, and civil society organizations, with a focus on sharing best practices, technology transfer, and supporting research and development in cancer care. Furthermore, public awareness and education campaigns are crucial to promote early detection and prevention strategies. Governments, healthcare organizations, and civil society must work together to raise awareness about risk factors, encourage healthy lifestyles, and provide accurate information about cancer prevention and screening programs. Ultimately, addressing global cancer inequities is not just a matter of resources; it is a matter of political will. Governments must prioritize cancer care and commit to reducing the disparities in cancer outcomes within and among countries. No one should be denied access to affordable, quality cancer care based on his or her geographic location or socioeconomic status. As we commemorate World Cancer Day this Sunday, let us join forces in the battle against cancer, working together towards a future where cancer ceases to be a fatal verdict and becomes a controllable and preventable ailment accessible to everyone.

EDCOM 2 year-one report Sonny M. Angara

Better Days

he results of the 2022 Program for International Student Assessment (PISA)—the comparative survey conducted by the Organization for Economic Cooperation and Development (OECD) on the academic performance, skills, and knowledge of 15-year-old students across countries—were released last December. These findings underscored the sorry state of our education system. For the second time, we ranked among the lowest in the world. Out of 81 countries surveyed, we placed 77th, which puts us at the 2nd lowest position among Asean members, ahead only of Cambodia. Furthermore, our students were 6th from the bottom for reading and mathematics, and 3rd when it came to skills in science. Some of these represent slight improvements from our previous rankings in the 2018 PISA, but they are still not statistically significant

enough to indicate that something changed in the intervening years. To be fair, the Department of Education (DepEd) released a statement almost a month before the results were published saying that they did not expect “good” scores. This is understandable considering the nearly mortal blow the Covid-19 pandemic had caused on the education of our children. And it explains why concerted efforts were underway to implement a national learning recovery program. While the 2022 PISA results do

Noise and seafarer’s hearing loss

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put into more concrete terms the magnitude of the problems in our education system, many from the sector were hardly surprised about data underscoring that there was a learner’s crisis already brewing throughout the country. Many have also tried before to get to the bottom of the crisis in the hopes of finding solutions. The convening of the Second Congressional Commission on Education or EDCOM 2 in January 2023 marked a renewed attempt at facing head on the problems of Philippine education. A year since, and a little more than a month after the 2022 PISA results were published, EDCOM 2 published its first year report, entitled Miseducation: The Failed System of Philippine Education. Where several international studies provided empirical evidence on how much our students are falling behind their peers, the Year 1 report of EDCOM 2 is perhaps the most detailed and concrete analysis in recent years of why Philippine education continues to languish. To quote from the actual report, the basic diagnosis is that the system

Dennis Gorecho

Pinoy Marino Rights

earing loss is a serious medical condition for a seafarer as it impacts his physical and economic well-being. A seafarer’s hearing loss may be caused or aggravated by his working environment, like noise entitling him to disability benefits. In the case of OSM Maritime Services v. Nelson Go (GR 238128 February 17, 2021), the medically repatriated seafarer was diagnosed with Meniere’s Disease, which is described as an incurable disorder of the inner ear that causes severe dizziness, ringing sound in the ears, intermittent hearing loss, and feeling of ear pressure or pain. In granting total permanent benefits, the Court disregarded the fit-to-work assessment issued by the company doctor, noting that it does not mirror the seafarer’s true condition in terms of his ability to resume his duties. His work as an Oiler/Motorman onboard the vessel exposed him to loud and deafening engine noises, engine heat and harmful chemicals inherent in engine oils. Taking into account his length of service, the seafarer’s continued exposure to these health hazards onboard the vessel had contributed mainly to a very great possibility for

him to contract the illnesses and/or having aggravated the same while onboard the vessel. In various cases, the Supreme Court acknowledged the fact that the working condition on board the vessel can aggravate the seafarer’s medical condition, regardless if the illness is listed or not as occupational diseases. Although the word “aggravate” does not appear in the definition of work-related illnesses under the POEA contract, the Court nevertheless interpreted such phrase “workconnected” to include the so-called “aggravation theory.” This theory was utilized in the case of Magsaysay v. Laurel (March 20, 2013 GR 195518) wherein the Court ruled on the reasonable work connection between condition at work and the development of the medical condition. The seafarer’s constant exposure to hazards such as chemicals and the varying temperature coupled by stressful tasks

in his employment caused, or at least aggravated, his illness. In Remigio v. NLRC (487 SCRA 190), the Court ruled that an ailment does not depend on whether the injury or disease was pre-existing at the time of the employment but rather if the disease or injury is work-related or aggravated his condition. At the very least, the arduous nature of his employment had contributed to the aggravation of the injury, if indeed it was pre-existing at the time of his employment. The exact cause of the ailment suffered by a claimant is not significant, and the possibility that factors other than the employment, such as advancing age, may have caused or contributed to the development of the ailment, is not a drawback; for what is material and decisive is that the employment contributed even in a small degree in aggravating the ailment. (Calvero v. ECC, 117 SCRA 452) Seafarers working in engine rooms had a higher tendency to experience hearing disabilities. Hearing loss is a very real possibility but is one of those types of occupational illness that are not usually immediately obvious. The effects of exposure to engine noise over the years more often than not appear as the seafarer approaches retirement age. In the event that such hearing loss was detected during the Pre-Employment Medical Examination (PEME), the seafarer will not automatically receive medical benefits even if he

as a whole is not working well. Where a system is defined as “a regularly interacting or interdependent group of items forming a unified whole,” the Philippines’ education system “struggles to meet [this] criteria” considering that “agencies, bureaus, and offices have focused on their respective mandates and targets, often independent of one another.” Ultimately, this lack of cohesion and coherence across the different components of our education sector underscores the “miseducation” of our students, and explains the crisis many are working to resolve today. The findings are eye opening. For one, despite efforts at implementing nutrition-based interventions, the Philippines still has one of the highest prevalence of under-five stunting in the world, at 26.7 percent compared to the global average of 22.3 percent. Another significant discovery was that despite substantial budget allocations, only 27 textbook titles were procured for Kindergarten to Grade 10 since 2012. Even though up to P12.6 billion were allocated between 2018 to 2022 for textbooks and inSee “Angara,” A11

is connected with the company for a long period of time. The seafarer must complain of the illness during the effectivity of the contract, which leads to his medical repatriation. Otherwise, it will be a case of finished contract disqualifying him for medical benefits. If the seafarer suspects that he has hearing loss because of noise exposure on the job, he should see a doctor before disembarkation and get medical records that prove it was most likely caused by years of exposure at work. Under the POEA Contract, total deafness of both ears is assessed as a Grade “3” disability. Despite said unfortunate condition, the seafarer will not be given total permanent disability benefits. A seafarer suffering from total deafness may be considered more of a liability than an asset if he is allowed to go on board the vessel. The contract fails to recognize that “it is not the injury which is compensated, but rather it is the incapacity to work resulting in the impairment of one’s earning capacity. Disability need not render the seafarer absolutely helpless or feeble to be compensable; it is enough that it incapacitates to perform his customary work” (PTC v. NLRC, 353 SCRA 47). Atty. Dennis R. Gorecho heads the seafarers’ division of the Sapalo Velez Bundang Bulilan law offices. For comments, e-mail info@sapalovelez.com, or call 0917-5025808 or 0908-8665786.

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How Ursula Burns won against poverty

Opinion BusinessMirror

Riverine

its own shape: from the 10 Bornean datus disgruntled with a dictator in their land, they sailed to our land. And one of them, Paiburong, reached a place called “Irong-irong,” which when the sounds involved in the

mon for local historians to claim that the Barter gave way to hundreds of years of prosperity. For all those claims, the Philippine Revolution happened. Fighting ensued. Deaths happened. Iloilo would be liberated and another marker in history was founded—the arrival of the Americans in 1898 at the port of Iloilo. Still, the river that now runs for some 15 kilometers across the city is nowhere mentioned in all of these storytelling. In other riverine cities and towns, phantom ships are sighted and golden barges are spoken of as the harbinger of hope in places that have been pillaged. Bereft of tangible artifacts to harbor cultural renaissance or reawakening, the anthropological antennae rise and we confront nativistic movements. These are intense actions from people who fight to get their important artifacts housed across the ocean back into their own sacred shrines or longhouses. They believe that if

baybayin of that name were invoked would magically, magisterially, turn into Iloilo. As with the other places colonized, an error in hearing or a mistake in comprehension would not be corrected but retained. Ancientness, after all, becomes an excuse for being. For all that mistake, it is com-

taboos are observed, then the peace and prosperity claimed in mythical times are demanded of the people to supplant insecurities and lack of awareness. In Peter Worsley’s study of cargo cults in Melanesia, he expounds on how the people believe in a ship that would come back, bringing with

Tito Genova Valiente

annotations

“Time is a river which sweeps me along, but I am the river; it is a tiger which destroys me, but I am the tiger; it is a fire which consumes me, but I am the fire.” —Jorge Luis Borges

I C

an a girl who lived with minimal means in New York tenement housing become the CEO of a Fortune 500 company? Is it really possible to rise from poverty to prosperity through sheer hard work and determination? This is the remarkable story of Ursula Burns—a narrative that will captivate the imagination of young individuals grappling with material deficiencies in life.

Born in New York in 1958 to Panamanian immigrants, Burns was primarily raised by her mother. The backdrop is all too familiar— she had an absentee father, and her mother worked tirelessly as the sole breadwinner to raise her and her two siblings. She grew up in a New York neighborhood rife with gangs and drug addicts, transferring from an overcrowded tenement housing in constant need of repair to the Projects—a move she described as “very bad to bad.” In interviews, she recalled material deficiencies such as wearing practically “rags” from her mother’s thrifting trips to bargain shops, yet never giving in to misery and despair. A constant advice of her mother to her and her siblings was the mantra, “Where you are is not who you are.” Given the grim surroundings, this must have been a very reassuring thought. To her, it meant she did not have to get stuck in the Projects of New York, and that it was not her final destination. She was made to believe that she was way more than her current location in life. This piece of advice, persistently repeated, would guide Ursula to success. Despite her mother’s challenges, Ursula and her two siblings went to Catholic schools in the area. The tuition was $650 per child, a big dent in her mom’s $4,000 annual salary. How her mother stretched that amount to educate, feed, nurture and clothe three kids was nothing short of amazing for Ursula. At 16, she had a watershed moment when she realized that her mother was struggling, and that she had to “do something fundamentally different” with the sole objective of getting themselves out of that neighborhood. Ursula excelled in Math, and she thought that the career that would pay the most money for someone with that skill was engineering. She studied Mechanical Engineering at the Brooklyn Polytechnic Institute, earning a Bachelor of Science degree in 1980. An internship at Xerox that summer, part of the company’s program supporting underrepresented minorities, marked a turning point in her life. At that moment, she could appreciate that “deficiencies could mean opportunities” rather than setbacks. Armed with the smarts, an engineering degree, organizational skills and hard work ethic, Burns secured a job at Xerox and an opportunity to pursue a Master’s degree at Columbia University, which she completed in 1981.

Angara . . .

continued from A10

structional materials, only P4.5 billion (35.3 percent) has been obligated and P952 million (7.5 percent) has actually been disbursed. One infographic based on DepEd data even highlighted that there has been no successful procurement of textbooks for Grades 1, 2, 3, and 7 from 2012 to 2023. And it was only in Grades 5 and

A constant advice of her mother to her and her siblings was the mantra, “Where you are is not who you are.” Given the grim surroundings, this must have been a very reassuring thought. To her, it meant she did not have to get stuck in the Projects of New York, and that it was not her final destination. She played various roles in Xerox—from planning, product development, manufacturing and corporate strategic services. Ursula said she never really planned her moves within the company. It was as simple as being asked if she would like to do a specific role, accept it and do it exceedingly well each time. She was slowly moving on and up within the Xerox corporate hierarchy. In 2009, at 51 years old, Burns became the CEO of Xerox, having been with the company for nearly 30 years. The New York Times hailed her as the first black woman to lead a Fortune 500 company, sparking positive reactions from prominent figures like Magic Johnson, Jesse Jackson and the Bush and Clinton administrations. The overwhelming response to her achievement was, at some point, too much for her. Newspapers, magazines and news broadcasts ran stories about her to the point that strangers would walk up to her and say, “You are Ursula Burns.” Her daughter said about this sentiment. “When they see you, they see the possibility that it could be them or their children.” Thus, Burns embraced the experience, saying, “It is not only about me; it is also about them.” On making it in the corporate world, Burns said: “You are going to be knocked down over and over again, but you have to pick something that you do that you love so much that you stand up every time.” Her accomplishments extend beyond the corporate realm. She served under Barrack Obama as head of the White House program on Science, Technology, Engineering and Math (STEM), became Forbes 22nd most powerful woman in the world in 2014, and, based on a Market Realist article, had a net worth of $1.24 billion as of 2020. When asked for advice, Burns simply said, “Work hard.” Her story stands as a testament to the power of determination and hard work—an inspiration to all. We hear you loud and clear. Thank you, Ursula, for showing us it is possible. 6 that textbooks for all nine subjects were successfully purchased. As Chairperson of the Governance and Finance Standing Committee of EDCOM 2, we took note that the staffing levels in the Commission on Higher Education (CHED) and the Technical Education and Skills Development Authority (Tesda) have not kept pace with the fast-evolving responsibilities of the agencies. We also noted the report’s findings

S there a story behind the Iloilo River? Are there legends, are there myths? There should be. Any body of water that has been there, not “since time immemorial,” perhaps but a natural formation older than any other narratives memorized by human groups, should be significant for the stories it holds.

In the absence of bards or storytellers (which is strange given the preponderance of “sugidanun” or told tales in the region), there are new sites of retelling. In fact, in my cursory research of any origin myth, the web page of the Province of Iloilo appears to give me hints to tracks I could follow up to a certain time. On that site, we find the story of the Ten Bornean Datus and the story of the Atis (Aetas in other documents) not driven away but appeased and negotiated with. The Golden Salakot or “saduk” and the long necklace called “manangyad” both figure in this plot, a proto version of whitewashing culture because in this narrative, the Atis are said to have peacefully retired to the mountains only to allow new lowlanders to take over their land. Flash forward to contemporary touristic era, and you realize this kind of cultural ecological justification also occurred in the development of Boracay, when the Atis were pushed out of their ancestral lands if only to create a space for new lowlanders bearing gold, not in the form of a hat but in the system of cash economy. The story now sounds rare but it is not a peripheral explanation of “peopling” in this archipelago. In 1969, to open the Cultural Center of the Philippines a dance-drama was directed by Rolando Tinio. It was the Barter of Panay, this time in theatrical reincarnation. The tapestry continues to weave

Friday, February 2, 2024 A11

them goods and other gifts and their ancestors. This would augur not only the return of peace and prosperity but necessarily their regaining of their identities lost in the colonization, which is subjugation. The returning ancestors are also described as having white faces, similar to the White Men who conquered the land, the ability and daring to loot and own the land and the people. But what about the river? In sites of civilization, the river is the site of memories. Pasig, for example in Metro Manila, remains an important repository of a time when men and women bathed and washed their clothes in that river. Presently, there is no such thing anymore. What remains, however, are songs about enchanted maidens or women who were so beautiful in those years when the river itself was a metaphor of love and beauty. Now, here I am in this elegant hotel by the river, Hotel del Rio. The corridors on the ground hold elegant secrets and the air around the building is undiluted nostalgia. Outside is a wide terrace and further out there is the river. Serene. This must be the peace and prosperity that followed the skirmish and killing of the periods we can only remember. The Iloilo River is a rehabilitated body of water, around it are mangroves and other plants that could survive the special ecology of an estuary river. As an estuary river, Iloilo River is partly enclosed, where the special quality of its water can, as one expert said, hold back the waves from the salty sea. That is sheer poetry, plus the fact that this once dying river has shown the return of the big fishes. It is a new legend—this river that has become alive once more. Like my hotel, the hotel by the river, whose life seems to be derived from the slow life of an era, now imagined, and now rekindled to go on forever, if this eternity is defined by a good bureaucracy and good sense of design. E-mail: titovaliente@yahoo.com

Fed’s Powell cements pivot but pushes back on timing of cuts ederal Reserve officials cemented the end of their aggressive campaign to push up interest rates, and sought to reset expectations for how soon and how fast they’ll cut this year as inflation pressures fade. While policymakers are shifting their focus to when to start easing policy amid a favorable pullback in inflation, it’s clear they’re in no rush to lower rates. Against a backdrop of a still-solid economy, Chair Jerome Powell said officials would move patiently and doused speculation that rate cuts would start at the next meeting. “We’re not declaring victory at all,” Powell told reporters Wednesday following the Fed’s policy meeting, emphasizing the need to see “more” data confirming a sustained downward trend in inflation. “I don’t think it’s likely that the committee will reach a level of confidence by the time of the March meeting.” “It’s a highly consequential decision to start the process of dialing back on restriction and we want to get that right,” Powell said. Market odds for a rate reduction in March, which had risen above 50 percent in recent days, dropped to close to one-in-three following Powell’s press conference. The S&P 500 slid by 1.6

percent Wednesday, and Treasury yields remained lower. “The messaging is pushing back against complacently assuming the FOMC will cut in March,” said Derek Tang, an economist with LH Meyer/Monetary Policy Analytics. “Data dependency is still the calling card.” The Federal Open Market Committee voted unanimously to leave the benchmark rate unchanged at a 22-year high—as expected—in a target range of 5.25 percent to 5.5 percent for a fourth straight meeting. Officials revamped the post-meeting statement, dropping a reference to a possible additional “firming” of policy and indicating that it wouldn’t be appropriate for the Fed to cut rates “until it has gained greater confidence that inflation is moving sustainably toward 2 percent.” Powell repeated those words and pushed back against market expectations for five or six rate cuts this year, saying, “We are prepared to maintain the current target range for the federal funds rate for longer, if appropriate.” “Powell’s statement at the news conference that—given the current data—a March cut is unlikely lowers the odds of a move at the next meeting. That said, we expect continued soft inflation data and weaker labor-market data ultimately will

that while investments and support for education have increased in recent years, current levels of maintenance and other operating expenses budgets are still insufficient to cover the costs of running public elementary and high schools. Through the EDCOM 2’s consultations with school heads, we learned that 30 percent to 70 percent of their MOOE budgets is spent on utility bills alone. Steps are already underway to address some of the problems iden-

tified. In her Basic Education Report 2024, Vice President and Education Secretary Sara Duterte outlined the many initiatives that the DepEd have been implementing, including the implementation of the revised K-10 MATATAG Curriculum, and the easing of the administrative workload currently heaped on teachers, among several others. For our part, in the Senate, as Chairman of the Senate Committee on Finance, we ensured that funding

By Steve Matthews

allow officials to gain enough confidence to move in March—which remains our base case,” said Bloomberg economists Anna Wong, Estelle Ou and Stuart Paul. “The Fed feels confident it can wait a while longer before initiating a rate cutting cycle,” said Kathy Jones, Charles Schwab’s chief fixed-income strategist. “There is clearly a concern about making a policy mistake.” Economists at Goldman Sachs Group Inc. pushed back their forecast for the first cut to May from March, while maintaining the call for five reductions this year and another three in 2025. “We think that the best explanation for today’s meeting is that FOMC participants with a range of different views have compromised on likely starting a bit later,” economist David Mericle wrote in a note.

Inflation concerns

Among the central bank’s concerns is an upward revision to inflation figures. The revised figures for the consumer price index—a closely watched price gauge—set to be released in February could reverse some of the recent improvement from late 2023. The Fed’s preferred gauge of underlying inflation cooled to an almost threeyear low in December. Excluding volatile food and energy, the metric was up 1.9

is in place in 2024 to already address some of the problems the EDCOM 2 has identified, even prior to the release of their year-end report. These include funds for assisting nutritionally at-risk mothers, the hiring of more assessors in Tesda, and training for child development workers and teachers. The problems described by the report’s findings are significant and sizable. They are in no way insurmountable however, especially

percent in December on a six-month annualized basis, trailing the Fed’s 2 percent target for a second month. Powell also made it clear that with the economy holding up well in 2023 and labor market staying strong, he is no longer expecting that significant weakness—which he had called “pain” in the past—is needed to bring down prices. At the same time, unexpected weakness in the labor market would affect the pace and timing of rate cutting, he said. “There is a concern that much of the low hanging fruit on disinflation has been plucked,” said Diane Swonk, chief economist at KPMG LLP. “The economy is strong enough to hedge against committing the cardinal sin of central banking, which is to cut and have to reverse course and hike again.” The central bank reiterated its intention to continue reducing its portfolio of assets by as much as $95 billion per month, but Powell said Fed officials plan to start in-depth talks about the balance sheet at their March meeting. The balance sheet discussions “will stretch out for a quite a while,” said Lou Crandall, chief economist at Wrightson ICAP. He sees the Fed making a decision in June to being tapering in July. With

assistance from Catarina Saraiva, Craig Torres, Rich Miller and Malcolm Scott /Bloomberg

when the public and private sectors tackle them in collaboration with each other. Clearly all must work, and must work together. Senator Sonny Angara has been in public service for 18 years—9 years as Representative of the Lone District of Aurora, and 10 as Senator. He has authored, co-authored, and sponsored more than 330 laws. He is currently serving his second term in the Senate. E-mail: sensonnyangara@yahoo.com| Facebook, Twitter & Instagram: @sonnyangara

A12 Friday, February 2, 2024

‘COMPLETELY DEAD,’ SAYS SC: Cases on commercial P.I.LAWYER; EXPIRY DATE EYED deals to be resolved asap D C By Joel R. San Juan

@jrsanjuan1573

HIEF Justice Alexander Gesmundo on Thursday assured the business sector that the judiciary will continue instituting reforms that will hasten the resolution of cases involving commercial transactions as part of its contribution to the current administration’s bid to revitalize the economy. In his keynote message at the Supreme Court-Justice Reform Initiative 2024 Justice Summit held at the Makati Diamond Hotel, CJ Gesmundo acknowledged that the delay in the resolution of commercial cases, including simple commercial transactions such as loans, is a prevalent complaint among those in the business sector. The JRI is a private sector initiative composed of leading business organizations and foreign chambers of commerce in the country. “When there is no guarantee

that an investor’s rights will be protected in a timely and efficient manner, even the most attractive business opportunities will engender uncertainty and hesitation,” CJ Gesmundo said. “The bottomline is, every business decision entails a menu of costs, and legal compliance and enforcement will always be an item to reckon with,” he acknowledged. In light of this, the chief magistrate has outlined the judiciary’s efforts to reassure the business sector that it is not only aware of the areas it needs to improve on, but

that it is actually doing something to address them. Among these efforts are the continued campaign for ethical responsibility through strict implementation of the New Code of Professional Responsibility (CPRA), which provides detailed rules on conflict of interest, the use of social media, and reasonable lawyers’ fees; undergoing revision of the 20-year-old Code of Judicial Conduct; updating of the Code of Conduct for Court Personnel; and organizational restructuring of the Judicial Integrity Board to make it more efficient by streamlining the process for the filing of and disposition of administrative cases. To address delays in procedures and clogged dockets as the cause of delay in civil and criminal cases, CJ Gesmundo said the Court is currently reviewing rules of procedure to adopt a simplified unified procedure for the faster and less costly hearing and disposition of cases. He added that the SC is also updating the Rules on Video Conference Hearings (VCH). “We are now revising the rules

to permanently include VCH in every trial judge’s toolkit, meaning, it may be resorted to whenever it will help facilitate a speedier and less expensive resolution of the dispute. “Hence, instances when distance poses a logistical burden to any party or witness, or when illness or other impediments to mobility [like age] exists, the courts will be allowed to resort to VCH,” he noted. The Chief Justice acknowledged that communication is a problem it must address with urgency. “It is principally hindered by the fact that the primary medium of expression in court proceedings is English,” he said. Thus, CJ Gesmundo said, the SC- Public Information Office (PIO) will soon address concerns with a comprehensive Communications Plan. “We have resorted more to the use of social media platforms to disseminate information about Court decisions and reform activities. We are also using informational videos, printed materials, including comic strips, to cater to different classes of court users,” he added.

ESPITE the Commission on Elections’ position that the signaturegathering option can continue while the poll body suspends acceptance of the signature sheets, the People’s Initiative to amend the Constitution “is completely dead,” contends veteran election lawyer Romulo Macalintal. “The much talked about move to amend the 1987 Constitution through People’s initiative mode is now completely dead,” said Macalintal

in a statement shared with BusinessMirror. “It is not capable of resurrection. It is finished.” Anyone who might venture to revive PI, said Macalintal, has to wait for the new rules and regulations to be issued by Comelec when it suspended all proceedings related thereto. Meanwhile, the Comelec said it is now considering imposing an “expiry date” for signatures submitted for the Peoples’ Initiative (PI). Continued on A5

NDC CHIEF WITH ROTARIANS Undersecretary Antolino DC. Mauricio (left), National Development Corporation General Manager and guest speaker at the Rotary Club of Manila (RCM) 26th Membership Meeting, is seen with RCM’s Vice President Reginald T. Yu at the meeting venue in Manila Polo Club in Makati City on Thursday, February 1, 2024. NONOY LACZA

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

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

BEUGRE, GILLES ULRICH DAVY Adv App/Cloud Supp & Eng Analyst

Brief Job Description: Communicate with the client functional design incharge about the detail 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), and perform knowledge transfer about business requirement/functional design written in required language to team lead and members.

Basic Qualification: Bachelor’s degree in Information Technology, Computer Science or other relevant fields, must be able to communicate effectively, verbally and written, 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.

TRAN TAN SANG Vietnamese Customer Service Representative 12.

SUZAWA, HIDEKI Service Delivery Ops Associate Manager 2.

Brief Job Description: Ensures regional delivery engagement and reporting compliance.

Brief Job Description: Managing incoming calls and customer service inquiries.

TRAN VAN MANH Vietnamese Customer Service Representative 13.

Brief Job Description: Managing incoming calls and customer service inquiries.

TRAN VAN TAI Vietnamese Customer Service Representative 14.

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

Basic Qualification: Bachelor’s degree in Business/Finance/ Accounting-related courses, at least 3 years solid finance/accounting experience procure to payable/record to report and Japanese native, preferably N2.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Managing incoming calls and customer service inquiries.

VANG, A HO Vietnamese Customer Service Representative 15.

Brief Job Description: Managing incoming calls and customer service inquiries.

ANOC99 CORPORATION 5/f To 10/f Ayala Malls Manila Bay Building D., Macapagal Blvd. Cor. Aseana Street, Tambo, City Of Parañaque TAN, SEN Chinese Customer Service Representative 3.

Brief Job Description: Managing incoming calls and customer service inquiries.

WANG, YANAN Chinese Customer Service Representative 4.

Brief Job Description: Managing incoming calls and customer service inquiries.

Basic Qualification: Able to speak, read, and write in Chinese language. Salary Range: Php 30,000 - Php 59,999

GAO, HEQING Marketing Consultant 16.

Brief Job Description: Managing incoming calls and customer service inquiries.

DIEU HUYNH THI NGOC TRINH Vietnamese Customer Service Representative 6.

Brief Job Description: Managing incoming calls and customer service inquiries.

DUONG, THI THANH NHAN Vietnamese Customer Service Representative 7.

Brief Job Description: Managing incoming calls and customer service inquiries.

DUONG, VAN HAU Vietnamese Customer Service Representative 8.

Brief Job Description: Managing incoming calls and customer service inquiries.

HOANG, VAN QUAN Vietnamese Customer Service Representative 9.

Brief Job Description: Managing incoming calls and customer service inquiries.

PHAM VAN THANG Vietnamese Customer Service Representative 10.

Brief Job Description: Managing incoming calls and customer service inquiries.

No.

Basic Qualification: Able to speak, read, and write in Chinese and Vietnamese languages. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write in Chinese and Vietnamese languages.

21.

HUANG, TAIPING Mandarin Speaking IT Support Specialist

Basic Qualification: Able to speak, read, and write in Chinese and Malaysian languages.

Brief Job Description: Review and solve computer network and hardware problems for the organization.

Basic Qualification: Able to speak, read, and write in Chinese and Vietnamese languages.

GOVINDASAMY, ARUL SELVAN Strategy Lead - Philippines 22.

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

CAI, RONGFANG Mandarin Speaking IT Support Specialist 18.

Basic Qualification: Able to speak, read, and write in Chinese and Vietnamese languages.

Brief Job Description: Review and solve computer network and hardware problems for the organization.

Basic Qualification: College graduate, fluent in Mandarin and English languages, preferably 6 mos. to 1 year customer service experience.

SUN, MINGWEI Leadman 23.

11.

Brief Job Description: Managing incoming calls and customer service inquiries.

Basic Qualification: Bachelor’s degree with experience in Business Management, Finance Computer/Software, Marketing/Sales or related field, fluent in both written and verbal English, and Chinese-Mandarin language.

Brief Job Description: Work with supervisor and other team leads to manage staffing assignment.

GARCIA GARCIA, BORJA Systems Engineer Brief Job Description: Providing first level support through calls/web/chat/ email and handling the resulting incidents or service request.

Basic Qualification: Experience as Leadman. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Strong Service Desk background, experience providing chat or voice support and fluent in Spanish language. Salary Range: Php 90,000 - Php 149,999

CONDUENT BUSINESS SERVICES PHILIPPINES, INC. 7f One E-com Building, Palm Coast Avenue, Mall Of Asia Complex, Pasay City

25.

Brief Job Description: Support staff by providing coaching and mentoring. Review work completion for accuracy.

Basic Qualification: HRM graduate. With at least 6 months of customer service experience. Salary Range: Php 90,000 - Php 149,999

DATAMATICS GLOBAL SERVICES CORP. Units 304, 305, & 306 3/f, Rockwell Business Tower, Tower 1, Meralco Ave., Ugong, City Of Pasig

PASCOAL, EDVANIO ANDRE DALA Portuguese Agent (CSR)

SU, YILIN Mandarin Speaking IT Support Specialist 19.

Brief Job Description: Review and solve computer network and hardware problems for the organization.

26.

Brief Job Description: Contacting existing customers via telephone and email on a daily basis.

CHOU, SHIH-HAN Chinese Customer Service Representative

HUANG, TIANQING Mandarin Speaking Vendor Master Data Associate 20.

Brief Job Description: Execute request from different work streams within the organization related to data cleansing initiative/ harmonization activities.

Basic Qualification: Able to speak, read, and write in Chinese and Vietnamese languages.

27.

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

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, and fluent in Chinese/ Mandarin language is an advantage. Salary Range: Php 30,000 - Php 59,999

HSU, CHUN-CHEN Chinese Customer Service Representative 28.

CAPGEMINI PHILIPPINES CORP. 12f, Ten West Campus Bldg., Le Grand Avenue, Mckinley West, Fort Bonifacio, City Of Taguig

Basic Qualification: At least college graduate.

GAO SHOU TECHNOLOGY MANAGEMENT, INC. 52/f Pbcom Tower, 6795 Ayala Ave. Cor. V.a. Rufino St., Bel-air, City Of Makati

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

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

COGNIZANT TECHNOLOGY SOLUTIONS PHILIPPINES, INC. 2nd, 3rd, And 4th Floors, Science Hub Tower 4 Bldg., Mckinley Hill Cyberpark, Fort Bonifacio, City Of Taguig

Salary Range: Php 30,000 - Php 59,999 THONG THU LIEN Vietnamese Customer Service Representative

Basic Qualification: College graduate. With at least 4 years of work experience in strategic consulting. With analytical mindset and with experience in analyzing qualitative and quantitative data.

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

Basic Qualification: Able to speak, read, and write in Chinese and Vietnamese languages.

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

CHINA ROAD AND BRIDGE CORPORATION Unit 2605, 2607, 2608, & 2609, High St. South Corporate Plaza, Tower 1, 9th Avenue Corner 26th St. Bonifacio Global City, Fort Bonifacio, City Of Taguig

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

Basic Qualification: Able to speak, read, and write in Chinese and Vietnamese languages.

Brief Job Description: Formulate a cogent business strategy for medium-tolong term growth and value creation for the business unit. Bring key business insight and trade-offs to the table for management decision making.

KIM, TAEYOUNG Quality Assurance Analyst

Basic Qualification: Able to speak, read, and write in Chinese and Vietnamese languages.

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

Basic Qualification: The Senior Associate should have a strong proficiency in Thai language both written and verbal. Focuses on indepth process knowledge including but not limited to technicalities on tools like SAP and Excel.

CARBAY PHILIPPINES INC. Clock In Bonifacio Global City, 3rd Floor C2 Bldg., Bonifacio High Street 7th Ave., Bonifacio Global City, Fort Bonifacio, City Of Taguig

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

Basic Qualification: Able to speak, read, and write in Chinese and Vietnamese languages.

QUALIFICATION AND SALARY RANGE

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

Basic Qualification: Able to speak, read, and write in Chinese language.

Brief Job Description: The Cash Application Senior Associate handles cash applications, deductions & customer accountclearing activities. As a member of the team, participates in meeting service levels, and key measurement targets of the team and delivers a high-quality and cost-effective service.

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

24.

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

SANGSUWAN, TREEYAKORN Senior Associate

BRIGHT LUME IT SOLUTIONS INC. Unit 202 Erisha Condominium, 1142 P Ocampo Street, Barangay 757, Santa Ana, City Of Manila

Basic Qualification: Able to speak, read, and write in Chinese language.

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

QUALIFICATION AND SALARY RANGE

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

17. PUA CHWE VOON Malaysian Customer Service Representative

Brief Job Description: Study company profile, and conduct market research.

A13

ESTABLISHMENT / ADDRESS

ASPIRE STANDARD SOLUTION SERVICES INC. 208 B 2/f Mtf Bldg., Dr. A. Santos Avenue, San Isidro, City Of Parañaque

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

Friday, February 2, 2024

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

BusinessMirror

A14 A6 Friday, February 2, 2024

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

HUANG, CHIH-LIN Chinese Customer Service Representative 29.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, and fluent in Chinese/ Mandarin language is an advantage.

No.

LAM HAI DUNG Vietnamese Customer Service Representative 40.

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

JHANG, JIA-LUN Chinese Customer Service Representative 30.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

SU, TSE-YU Chinese Customer Service Representative 31.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

NGUYEN ANH VU Vietnamese Customer Service Representative 41.

TSAI, HSIN-HSIEN Chinese Customer Service Representative 32.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

WANG, CHE-WEI Chinese Customer Service Representative 33.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

42.

YANG, CHENG-SYU Chinese Customer Service Representative 34.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

YEN, LING-YU Chinese Customer Service Representative 35.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

43.

CHUA YONG HONG Malaysian Customer Service Representative 36.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

HOI HAU XUAN Malaysian Customer Service Representative 37.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

NGUYEN THI THANH HANG Vietnamese Customer Service Representative 44.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

TRAN THI THANH NGA Vietnamese Customer Service Representative 45.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

TRAN THI THU TRAN Vietnamese Customer Service Representative 46.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

WANG, BIN Multilingual Technical Support Specialist (Mandarin Speaker) 47.

Brief Job Description: Responsible for ensuring applications for the issuance of certificates made by customers and meet the company’s strict security and guidelines.

Basic Qualification: Can communicate in English and Mandarin languages and have background in vetting and atlas platform.

48.

Brief Job Description: Leading the business excellence function for HGS Philippines.

Basic Qualification: 10 years of experience in the area of process improvement, preferably in the BPO industry. Salary Range: Php 500,000 and above

38.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

SONG, PEIWEI Finance Manager 49.

Brief Job Description: Responsible for managing the financial health of an organization in order to promote success and growth while maintaining legal financial practices.

Salary Range: Php 30,000 - Php 59,999 GUO, RUI Product Head

CHI THU CU Vietnamese Customer Service Representative 39.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

50.

Brief Job Description: Responsible for both product planning and product marketing. This includes managing the product throughout the product lifecycle, gathering and prioritizing product and customer requirements, defining the product vision, and working closely with engineering, to deliver winning products.

Basic Qualification: Must have a financial planning and analysis, technological skills, Interpersonal skills, problem-solving skills and leadership skills.

53.

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

INFINIVAN INC. 17th Floor Ore Central Tower, 31st Street, Cor. 9th Avenue, Bonifacio Global City, Fort Bonifacio, City Of Taguig

QUALIFICATION AND SALARY RANGE Basic Qualification: Business Course Graduate. Must be fluent in Nihongo. Salary Range: Php 60,000 - Php 89,999

Brief Job Description: Overall management of machineries on or off the ships.

Basic Qualification: 10 yrs. of experience in the same field. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 10 yrs. of experience in the same field. Salary Range: Php 30,000 - Php 59,999

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

NAGPAL, PARIKSHAT Senior Executive Vice President KMC Teams

54.

Brief Job Description: This position is responsible for strategizing and overseeing the overall growth of KMC Teams in all aspects, including expansion to new markets, spearheading acquisitions, maximizing value for shareholders via facilitating and leading sales processes.

Basic Qualification: Proven track record of success in an Executive role, preferably in Business Process Outsourcing, Shared Services, Business Development, Business Administration and Consultative Sales. Expertise in Business Management across multiple and diverse regions and nations. Salary Range: Php 150,000 - Php 499,999

KNW TECHNOLOGY INC. 103 Equinox Plaza, Sierra Madre, Highway Hills, City Of Mandaluyong

55.

56.

NGUYEN THI NGOC HUYEN Customer Service Representative - Vietnamese Speaking Brief Job Description: Confirm customers’ language preference as you assist them. NGUYEN VAN NHAT TRUONG Customer Service Representative - Vietnamese Speaking Brief Job Description: Confirms customers’ language preference as you assist them.

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

OPTIMORE INC. Unit 3-c 3/f Lpl Tower, 112 Legaspi St., San Lorenzo, City Of Makati ANDERSEN, MICK Multilingual Customer Service Specialist 57.

Brief Job Description: Responsible for leading sales teams to reach sales targets. Sales managers are primarily tasked with them.

CHEN, KUNLUN Multilingual Customer Service Specialist 58.

Brief Job Description: Responsible for leading sales teams to reach sales targets. Sales managers are primarily tasked with them.

NGUYEN, VAN CUONG Multilingual Customer Service Specialist 59.

Brief Job Description: Responsible for leading sales teams to reach sales targets. Sales managers are primarily tasked with them.

SØRENSEN, MICHAEL LED Multilingual Customer Service Specialist 60.

Brief Job Description: Responsible for leading sales teams to reach sales targets. Sales managers are primarily tasked with them.

STENSHOLT, PÅL ATLE Multilingual Customer Service Specialist 61.

Brief Job Description: Responsible for leading sales teams to reach sales targets. Sales managers are primarily tasked with them.

Basic Qualification: 18-50 y/o, good organizational skills, and proficient in relevant computer applications. Salary Range: Php 60,000 - Php 89,999 Basic Qualification: 18-50 y/o, good organizational skills, and proficient in relevant computer applications. Salary Range: Php 60,000 - Php 89,999 Basic Qualification: 18-50 y/o, good organizational skills, and proficient in relevant computer applications. Salary Range: Php 60,000 - Php 89,999 Basic Qualification: 18-50 y/o, good organizational skills, and proficient in relevant computer applications. Salary Range: Php 90,000 - Php 149,999 Basic Qualification: 18-50 y/o, good organizational skills, and proficient in relevant computer applications. Salary Range: Php 60,000 - Php 89,999

PACIFIC SECURITY SYSTEMS TRADING CORPORATION (PACIFIC SECURITY SYSTEMS, HOTEL FURNITURE AT VELCOASIA AND NOBLE SUPPLY CHAIN) Cor 25th Sts., G/f Mary Bachrach Bldg., Barangay 653, Port Area, City Of Manila

62.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Experience in delivering finely tuned product marketing strategies. Strong experience in a dynamic product management role. Proven success in overseeing all elements of the product development lifecycle.

Brief Job Description: Develops procedures and works w/ Japan Sales Team to execute business strategy.

TEO YAU ZHONG Technical Specialist

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

HISENSE PHILIPPINES INC. Unit 1004 & 1005 Exquadra Tower, Exchange Road Cor. Jade Drive Ortigas Center, San Antonio, City Of Pasig

SAEMA, JIRAPAT Thai Technical Support Representative

52.

HINDUJA GLOBAL SOLUTIONS LIMITED 19th To 21st Flrs. Zeta Tower Bridgetowne West, E. Rodriguez Jr. Ave. Cor. Ortigas Ave., Ugong Norte, Quezon City

KAPIL Vice President For Business Excellence

KOMATSU, SHUMPEI Senior Account Development Manager (Japanese Account)

LEE THAI KEAN Technical Specialist

Salary Range: Php 30,000 - Php 59,999 GMO GLOBALSIGN INC. Units 7&8, 23/f Zuellig Bldg., Makati Ave. Cor. Paseo De Roxas, Urdaneta, City Of Makati

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

KEEN PEAK CORPORATION Unit 4e007002, 7/f East Tower, Four E-com Center, Mall Of Asia Complex, District 1, Barangay 76, Pasay City

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

51.

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

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, fluent in Chinese mandarin is an advantage

No.

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

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

NGUYEN HOANG DUY Vietnamese Customer Service Representative

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, and fluent in Chinese/ Mandarin language is an advantage.

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

NGUYEN BA HA Vietnamese Customer Service Representative

QUALIFICATION AND SALARY RANGE

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

Brief Job Description: Attracts potential customers by answering product and service questions and suggesting information about other products and services.

ESTABLISHMENT / ADDRESS

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

www.businessmirror.com.ph

LENG, XIN Material Sourcing Specialist And Interpreter For People’s Republic Of China Brief Job Description: Assist in the required logistics for purchase in China and review import documents.

Basic Qualification: Fluent in Mandarin language (verbal and written). Experience in purchasing of materials, equipment, accessories for hospitality business. University graduate. Salary Range: Php 60,000 - Php 89,999

PHILIPPINE NEW ENERGY DEVELOPMENT INC. Unit 801 8/f Philflex Bay Center, Coral Way Drive Moa Complex Cbp1-a, Barangay 76, Pasay City

WU, RENYI Project Manager 63.

Brief Job Description: Manage overall direction, and evaluation of operation for the facility.

Basic Qualification: Have necessary technical skills. Salary Range: Php 30,000 - Php 59,999

PHOENIXFIELD, INC. 7/f Iacademy Plaza, 324 Sen. Gil Puyat Ave, Bel-air, City Of Makati

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

64.

65.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

CHRISTY DEISY MONINGKA Indonesian Language - Marketing Manager Brief Job Description: Create specific promotions for affiliates.

GIOVANNI REGINALDO TIEQO Indonesian Language - Marketing Officer Brief Job Description: Create specific promotions for affiliates.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

No.

NOVIA Indonesian Language - Support Officer 79.

Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Assist in the planning & administration of the organization’s daily operation.

POTY Indonesian Language - Support Officer 80.

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

Brief Job Description: Assist in the planning & administration of the organization’s daily operation.

Friday, February 2, 2024

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

No.

93.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

66.

67.

MERYL JENIFER MUNTU Indonesian Language - Marketing Officer Brief Job Description: Create specific promotions for affiliates.

RONALD TUWAIDAN Indonesian Language - Marketing Officer Brief Job Description: Create specific promotions for affiliates.

EVERSON HAROLD TOGAS Indonesian Language - Marketing Supervisor 68.

Brief Job Description: Identify, develop, and implement new strategies for selling products or services.

ALBERT LEO Indonesian Language - Support Officer 69.

Brief Job Description: Assist in the planning & administration of the organization’s daily operation.

DEVINA MARTINA CHANDRA Indonesian Language - Support Officer 70.

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

71.

ENJERA WIJAYA Indonesian Language - Support Officer 72.

Brief Job Description: Assist in the planning & administration of the organization’s daily operation.

IMANUEL MARCELLINO MUNTU Indonesian Language - Support Officer 73.

Brief Job Description: Assist in the planning & administration of the organization’s daily operation.

RATNASARI MAH Indonesian Language - Support Officer 81.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

RUDIAWAN BO YONG Indonesian Language - Support Officer 82.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

83.

74.

84.

75.

Brief Job Description: Assist in planning & administration of the organization’s daily operation.

JIMMY WIJAYA SURYA Indonesian Language - Support Officer 76.

Brief Job Description: Assist in planning & administration of the organization’s daily operation.

MEFRI MANSEH Indonesian Language - Support Officer 77.

Brief Job Description: Assist in the planning & administration of the organization’s daily operation.

Basic Qualification: Bachelor’s degree holder. Must fluently speak and write in Bahasa Indonesian language. Can work under pressure.

YOHANES HALIM Indonesian Language - Support Officer 85.

78.

Brief Job Description: Assist in the planning & administration of the organization’s daily operation.

94.

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

Basic Qualification: Bachelor’s degree holder. Must fluently speak and write in Bahasa Indonesian language. Can work under pressure.

MULYADI Indonesian Language - Support Supervisor 86.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

SUGIANTO Indonesian Language - Support Supervisor 87.

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

Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets

88.

Brief Job Description: Assists in the planning & administration of the organization’s daily operation.

PHOSRI, SALINPICH Thai Language - Marketing Officer Brief Job Description: Create specific promotions for affiliates.

Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

Brief Job Description: Provides expedient and accurate customer service to French speaking clients and customers.

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

Basic Qualification: Skilled in French language.

Brief Job Description: Provides expedient and accurate customer service to French speaking clients and customers.

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

Basic Qualification: Skilled in French language.

Brief Job Description: Provides expedient and accurate customer service to French speaking clients and customers.

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

Basic Qualification: Skilled in French language.

Brief Job Description: Provides expedient and accurate customer service to French speaking clients and customers.

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

Basic Qualification: Fluently speak and write in Indonesian language. Salary Range: Php 30,000 - Php 59,999

TIAN XIA TECHNOLOGIES INTERNATIONAL, INC. 6/f Filinvest Cyberzone Bldg. B, Superblock A Central Business Park 1 Bay City St., Barangay 76, Pasay City

Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets. Salary Range: Php 30,000 - Php 59,999

98.

Basic Qualification: At least 19 years old. Ability to speak, write and communicate in their respective language.

TRAN THI NY Vietnamese Admin Support Specialist Brief Job Description: Manages daily operations of the IT department.

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

Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

Basic Qualification: At least 19 years old. Ability to speak, write and communicate in their respective language.

PHAM THI PHUONG QUYNH Vietnamese Marketing Specialist Brief Job Description: Manages daily operations of the IT department.

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

Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

100.

Basic Qualification: At least 19 years old. Ability to speak, write and communicate in their respective language.

PHAN THI MY NGAN Vietnamese Marketing Specialist Brief Job Description: Manages daily operations of the IT department.

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

Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Must fluently speak and write the Cambodian language to cater foreign markets.

TOENEC PHILIPPINES INCORPORATED 4/f Valderrama Bldg., 107 Esteban St., San Lorenzo, City Of Makati

TSUCHIDA, HAYATA Electrical Manager

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

Basic Qualification: Must fluently speak and write in Thai language to cater foreign markets.

Brief Job Description: Working with the construction team, architectural/ design team and clients. Responsible for negotiating and maintaining the balance between design goals, projects schedules and project financial performance.

Basic Qualification: Graduate of engineering courses. With relevant experience in main office on Toenec Corporation in Japan in the construction industry, both commercial and industrial. Salary Range: Php 150,000 - Php 499,999

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

SITTHIKAI, SOMRUETHAI Thai Language - Marketing Officer Brief Job Description: Create specific promotions for affiliates.

Basic Qualification: Must fluently speak and write in Thai language to cater foreign markets. Salary Range: Php 30,000 - Php 59,999

NOVO BUJAN, MANUEL Technical Director 102.

TECHMAVE SERVICES INC. 11/f Liberty Plaza Bldg., 102 H.v. Dela Costa St., Bel-air, City Of Makati

Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

Brief Job Description: Review O&M manuals as prepared by EPC contractors. Provide support during commissioning of the Project.

Basic Qualification: College graduate. With minimum of 15 years of managerial experience in dams, pumping and distribution facilities management. Salary Range: Php 500,000 and above

*Date Generated: Feb 1, 2024 JENI Mandarin Speaking Customer Relation Representative 91.

Brief Job Description: Handles service support calls, emails and chats related to inquiry from clients and/or customers through Mandarin to English language translation.

Basic Qualification: Thorough, and extensive fluency in Mandarin language and characters. Salary Range: Php 30,000 - Php 59,999

In the ad material of Notice of Filing of Application for Alien Employment Permits published on December 19, 2023, the name POTISARIN, THANAPON under the company OCEAN MIGHT SUPPORT MANAGEMENT INC., should have been read as POTISARN, THANAPON and not as published. In the ad material of Notice of Filing of Application for Alien Employment Permits published on November 15, 2023, the name ZHANG, JAIFU under the company NEW ORIENTAL CLUB88 CORPORATION, should have been read as ZHANG, JIAFU and not as published. In the ad material of Notice of Filing of Application for Alien Employment Permits published on February 1, 2024, the name MENSAH, NANETTHE TRACY under the company AB LEISURE EXPONENT, INC., should have been read as MENSAH, NANETTE TRACY and not as published.

Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets. Salary Range: Php 30,000 - Php 59,999

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

Basic Qualification: Skilled in French language.

YAKUBA, HARUNA French Operations CSR V 97.

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

WAWAJVCO INC. 16/f Three E-com Center, Block 21, Ocean Drive, Bayshore Cor. Mall Of Asia Complex, Barangay 76, Pasay City

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

Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

96.

101.

Basic Qualification: Bachelor’s degree holder. Must fluently speak and write in Bahasa Indonesian language. Can work under pressure.

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

Brief Job Description: Identifies issues and gaps in current processes or documents.

SAMBAT, CHAMNAN Khmer Language - Support Officer

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

Brief Job Description: Identifies issues and gaps in current processes or documents.

Brief Job Description: Provides expedient and accurate customer service to French speaking clients and customers.

MULOWAYI, CHRISLAIN BABUNDA French Operations CSR V

Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Skilled in French language.

HAMNISSI, KAO MEZA French Operations CSR V

Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets. Salary Range: Php 30,000 - Php 59,999

QUALIFICATION AND SALARY RANGE

FUNDOH EPSE NDONGO, LOUANGE ABONGNUEH French Operations CSR V

99.

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

92.

MERY Indonesian Language - Support Officer

Brief Job Description: Assist in the planning & administration of the organization’s daily operation.

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

90. JEFFRY WIJAYA SURYA Indonesian Language - Support Officer

Brief Job Description: Assist in the planning & administration of the organization’s daily operation.

VIRGINIA JULIA PRATIWI LEWU Indonesian Language - Support Officer

89. JANE SISKA YUSNITA Indonesian Language - Support Officer

Brief Job Description: Assist in planning & administration of the organization’s daily operation.

TONY Indonesian Language - Support Officer

Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

Brief Job Description: Assist in the planning & administration of the organization’s daily operation.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION EJOB, ROSINE NTCHOYOH French Operations CSR V

95. Basic Qualification: Must fluently speak and write in Indonesian language to cater foreign markets.

JENY Mandarin Speaking Customer Relation Representative Brief Job Description: Handles service support calls, emails and chats from inquiry of a client.

A15

Basic Qualification: Thorough, and extensive fluency in Mandarin language and characters. Salary Range: Php 30,000 - Php 59,999

TELUS INTERNATIONAL PHILIPPINES, INC. Units 23/f, 31st/f - 37th/f Discovery Centre, Adb Avenue, Ortigas Center, San Antonio, City Of Pasig

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 DOLE-NCR 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.

A16

BusinessMirror

Friday, February 2, 2024 Republic of the Philippines

DEPARTMENT OF LABOR AND EMPLOYMENT Regional Office No. IV-A 4th Flr. Andenson Bldg. II, Brgy. Parian, Calamba City Telefax No.: (049) 545-7362

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

February 2, 2024

NOTICE OF FILING OF APPLICATION/S FOR ALIEN EMPLOYMENT PERMIT/S (AEP/S)

ESTABLISHMENT GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

NAME OF FOREIGN NATIONAL, POSITION AND BRIEF DESCRIPTION

Basic Qualification:

Burmese Customer Service Representative

Able to speak, read and write Chinese and Burmese language

Brief Job Description: Manage incoming calls and customer service inquiries

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Burmese Customer Service Representative

Able to speak, read and write Chinese and Burmese language

Brief Job Description:

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Basic Qualification:

Burmese Customer Service Representative

Able to speak, read and write Chinese and Burmese language

Brief Job Description:

Able to speak, read and write Chinese and Burmese language

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Able to speak, read and write Chinese language

Manage incoming calls and customer service inquiries 6

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Basic Qualification:

Chinese Customer Service Representative

Able to speak, read and write Chinese language

Brief Job Description:

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Basic Qualification:

Chinese Customer Service Representative

Able to speak, read and write Chinese language

Brief Job Description:

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

CAMILO, ALFREDO RAUL CARDOSO Customer Service Representative

Brief Job Description: Manage incoming calls and customer service inquiries

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Php30,000 Php59,999

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Php30,000 Php59,999 Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description:

Salary Range: Php30,000 Php59,999

HA, THI HAU

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description:

Salary Range: Php30,000 Php59,999

HOANG VAN TUNG

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description:

Salary Range:

Manage incoming calls and customer service inquiries

Php30,000 - Php59,999

HOANG, SEO PAO

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description:

Salary Range: Php30,000 Php59,999

HOANG, THI HUE

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description:

Salary Range: Php30,000 Php59,999

HOANG, THI HUYEN

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description: Manage incoming calls and customer service inquiries

Salary Range: Php30,000 Php59,999

HUYNH THI THUY NGA

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description: Manage incoming calls and customer service inquiries

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Salary Range: Php30,000 Php59,999

Php30,000 Php59,999

HUYNH THIEN

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description: Manage incoming calls and customer service inquiries

Salary Range:

Able to speak, read and write Chinese and Indonesian language

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Salary Range: Php30,000 Php59,999

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Php30,000 Php59,999 Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description:

Php30,000 Php59,999 Basic Qualification:

Salary Range:

LAM, THI TOI

Manage incoming calls and customer service inquiries

Salary Range:

DO TRUNG SON

Manage incoming calls and customer service inquiries

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Able to speak, read and write Chinese language

Indonesian Customer Service Representative

Brief Job Description:

Salary Range:

GIANG, SEO DONG

Manage incoming calls and customer service inquiries

Basic Qualification:

Manage incoming calls and customer service inquiries

Brief Job Description:

Salary Range:

MICHAEL TJANDRA

Brief Job Description:

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Php30,000 Php59,999

WEN, HUAMAN

Manage incoming calls and customer service inquiries 8

Salary Range:

Able to speak, read and write Chinese and Vietnamese language

Manage incoming calls and customer service inquiries

Php30,000 Php59,999

LIANG, QIANHANG

Manage incoming calls and customer service inquiries 7

Salary Range:

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Php30,000 Php59,999

Chinese Customer Service Representative

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Salary Range:

Basic Qualification:

Brief Job Description:

HU, SIYUAN

Vietnamese Customer Service Representative

Manage incoming calls and customer service inquiries

Php30,000 Php59,999

Burmese Customer Service Representative

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Salary Range:

Basic Qualification:

Brief Job Description:

THAN OO

Basic Qualification:

Manage incoming calls and customer service inquiries

Php30,000 Php59,999

KYAW SOE

Manage incoming calls and customer service inquiries 5

Salary Range:

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Php30,000 Php59,999 Basic Qualification:

Manage incoming calls and customer service inquiries 4

Salary Range:

KHIN NYEIN CHAN

Manage incoming calls and customer service inquiries 3

QUALIFICATION AND SALARY RANGE

NIN LAE LAE WAI

GAO, GUANGCHAO

Manage incoming calls and customer service inquiries

Notice is hereby given that the following companies/employers have filed with this Regional Office application/s for Alien Employment Permit/s:

NO.

www.businessmirror.com.ph

Salary Range: Php30,000 Php59,999

LAU SAY VAN

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description: Manage incoming calls and customer service inquiries

Salary Range: Php30,000 Php59,999

BusinessMirror

www.businessmirror.com.ph 22

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

LE XUAN CUONG

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Brief Job Description: Manage incoming calls and customer service inquiries

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Manage incoming calls and customer service inquiries 25

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Manage incoming calls and customer service inquiries 26

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

LY, HONG YEN Vietnamese Customer Service Representative

Brief Job Description: Manage incoming calls and customer service inquiries

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Brief Job Description:

NGUYEN VAN DEN Vietnamese Customer Service Representative

Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Salary Range: Php30,000 Php59,999

Salary Range:

Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Php30,000 Php59,999

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Php30,000 Php59,999 Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Salary Range: Php30,000 Php59,999

NGUYEN, QUOC TRUONG

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Salary Range: Php30,000 Php59,999 Basic Qualification:

President / CEO

Must have experience relative to chairman position

Brief Job Description:

Salary Range:

Serve as Chairman of the strategic planning committee

Php90,000 Php149,999

DUAN, QIFEI

Basic Qualification:

Chinese Site Supervisor

Proven experience as Supervisor or relevant role

Brief Job Description:

Salary Range:

Prepare and submit performance reports

Php30,000 Php59,999

TRP, INC.

ICHIHARA, TOSHIYUKI

Basic Qualification:

Toyota Sta. Rosa (Laguna) Industrial Complex, Special Economic Zone, Pulong Santa Cruz, City of Santa Rosa, Laguna

Mold Specialist

Must be graduate of BS Mechanical Engineering or its equivalent of work experience

PARKSON E-COM CORPORATION FRC Supermall, General Aguinaldo Highway, Palico III, City of Imus, Cavite

Salary Range:

NGUYEN, CONG HOA

Brief Job Description: Conduct mold inspection; Perform thorough inspection or troubleshooting to identify the mold issues and assess the extent of the issue

Salary Range: Php90,000 Php149,999

Salary Range:

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 Regional Office IV-A located at 3rd and 4th Floors, Andenson Building II, Parian, Calamba City, Laguna, within 30 days after this publication.

Php30,000 Php59,999

Please inform DOLE Regional Office IV-A if you have any information on criminal offense committed by the foreign nationals.

NGUYEN, QUOC TUAN

Basic Qualification:

Vietnamese Customer Service Representative

Able to speak, read and write Chinese and Vietnamese language

Manage incoming calls and customer service inquiries

Php30,000 Php59,999

LEE, STEPHEN SEUNGHOON

JU-YOUNG ELECTRONICS (PHILS.), INC. Lot 6, Block 21, Phase III, Cavite Economic Zone, Tejeros Convention, Rosario, Cavite

Php30,000 Php59,999

Salary Range:

VO, XUAN DUNG

Manage incoming calls and customer service inquiries

Salary Range:

Php30,000 Php59,999 Basic Qualification:

Brief Job Description:

Able to speak, read and write Chinese and Vietnamese language

Salary Range:

TRUONG THI HUYEN

Basic Qualification:

Vietnamese Customer Service Representative

Brief Job Description:

GLARION TECHNOLOGIES CORPORATION

Php30,000 Php59,999 Basic Qualification:

Manage incoming calls and customer service inquiries 37

Salary Range:

TRAN VU DUC

Brief Job Description:

Basic Qualification:

Manage incoming calls and customer service inquiries GLARION TECHNOLOGIES CORPORATION

GLARION TECHNOLOGIES CORPORATION Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Php30,000 Php59,999

NGUYEN VAN DUC

Brief Job Description:

Able to speak, read and write Chinese and Vietnamese language

Manage incoming calls and customer service inquiries

Manage incoming calls and customer service inquiries GLARION TECHNOLOGIES CORPORATION

Vietnamese Customer Service Representative

Brief Job Description:

Php30,000 Php59,999 Basic Qualification:

Manage incoming calls and customer service inquiries

Brief Job Description:

Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Salary Range:

THAI, THI MY LINH

Able to speak, read and write Chinese and Vietnamese language

Manage incoming calls and customer service inquiries GLARION TECHNOLOGIES CORPORATION

Able to speak, read and write Chinese and Vietnamese language

Vietnamese Customer Service Representative

Brief Job Description:

Vietnamese Customer Service Representative

Manage incoming calls and customer service inquiries GLARION TECHNOLOGIES CORPORATION

Php30,000 Php59,999 Basic Qualification:

Brief Job Description:

Salary Range:

PHUNG THI ANH

Brief Job Description:

Manage incoming calls and customer service inquiries GLARION TECHNOLOGIES CORPORATION

Able to speak, read and write Chinese and Vietnamese language

Basic Qualification:

Brief Job Description:

Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Salary Range:

Able to speak, read and write Chinese and Vietnamese language

Vietnamese Customer Service Representative

NGO, THI HIEN TRANG

Manage incoming calls and customer service inquiries 28

GLARION TECHNOLOGIES CORPORATION

Php30,000 Php59,999 Basic Qualification:

Brief Job Description:

Salary Range:

LUU THI HANG

Basic Qualification:

Manage incoming calls and customer service inquiries

Php30,000 Php59,999 Basic Qualification:

NGUYEN, THI THUAN

Brief Job Description:

Salary Range:

LE, THI VINH

Brief Job Description:

Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

Php30,000 Php59,999 Basic Qualification:

Manage incoming calls and customer service inquiries

GLARION TECHNOLOGIES CORPORATION

Salary Range:

LE, THI QUYNH LIEN

Brief Job Description:

Friday, February 2, 2024

Salary Range: Php30,000 Php59,999

To avail of free job referral, placement, and employment guidance services, visit the nearest Public Employment Service Offices (PESO) or log on at http://www.philjobnet.gov.ph

A17

Companies BusinessMirror

Editor: Jennifer A. Ng

Friday, February 2, 2024

RRHI net income tumbles PAL lands on list of most punctual despite higher sales in ’23 airlines in 2023 By VG Cabuag

@villygc

obinsons Retail Holdings Inc. (RRHI) said its net income for the entire 2023 fell 27 percent to P4.65 billion from the previous year’s P6.43 billion. The company attributed this to foreign exchange losses following the appreciation of the peso against the US dollar, equitized loss with the derecognition of Robinsons Bank’s net income under equitized earnings following the merger with Bank of the Philippine Islands (BPI) and losses from start-up investments. Net sales were up 7 percent to

P192.12 billion in 2023 from the previous year’s P178.82 billion. Samestore sales grew almost 4 percent, despite inflationary pressures and a high base in 2022 with the economic reopening. Supermarkets and drugstores were the company’s main growth drivers, the company said. “The strategic initiatives we put in place in 2023, such as increasing

market coverage and improving store efficiency, proved instrumental in maintaining our growth trajectory despite the challenging operating environment,” Robina GokongweiPe, the company’s president and CEO, said. “As we move forward in 2024, we are optimistic that we can capture the expected recovery in consumer confidence, particularly as inflation pressures begin to subside. We remain committed to expanding our business prudently, balancing the needs of our retail customers with the interests of our diverse stakeholders.” Gross profit came in at P45.6 billion in 2023, higher by 8 percent, from the previous year’s P42.28 billion, driven by assortment shifts and sustained penetration of private label brands. Core net earnings reg-

istered flat growth to P5.6 billion. Core net ear nings exclude foreign exchange gain or losses, interest income from bonds, equity in earnings from associates, interest expense related to the BPI shares acquisition financing, BPI cash dividends and others. Robinsons Retail said its investment in BPI yielded a net positive carry in 2023, significantly better than earlier expected as borrowings related to the purchase of the BPI shares were reduced faster than planned. As of end-2023, Robinsons Retail operated a total of 2,393 stores consisting of 349 supermarkets, 1,054 drugstores, 50 department stores, 230 DIY stores, 408 convenience stores, and 302 specialty stores. It also has over 2,100 franchised stores of the Generics Pharmacy.

MGreen taps Sumec for solar plants By Lenie Lectura @llectura

Gen Renewable Energy Inc. (MGreen) has tapped Chinese firm Sumec Complete Equipment and Engineering Co. Ltd. for the construction of two solar power facilities that are targeted for commercial operation within the first quarter of 2025. The renewable energy (RE) arm of Meralco PowerGen Corp. (MGen) said Thursday it has signed the engineering, procurement, and construction (EPC) contracts for its solar power plant projects in Cordon, Isabela and Bongabon, Nueva Ecija. A ceremonial signing ceremony was held last January 24. The said EPC contracts are for

the construction of the two MGreen pipeline projects: the 49 MWac solar plant in Cordon, Isabela, and the 18.75 MWac solar plant in Bongabon, Nueva Ecija—both of which are among the winning bidders in the Department of Energy’s (DOE) second round of Green Energy Auction Program. These projects signify a strategic move by MGreen to expand its solar power capacity and contribute significantly to the nation’s renewable energy aspirations. “Sumec will be our strategic partner as we embark on the transformative journey towards realizing our vision of becoming a company at the forefront of renewable energy utilization. We hope that with the cooperation of Sumec, we’ll be able to deliver

the project on time, on schedule, and within budget,” MGen President and CEO Jaime Azurin said. Sumec’s Senior Marketing and Sales Director Lennon Zong said MGen is one of the company’s most valuable clients and that they would ensure the timely completion of the said projects. MGreen currently has 3 operating solar plants: the PowerSource First Bulacan Solar Inc.’s (PFBSI) 55 MWac solar plant in San Miguel, Bulacan in partnership with PowerSource Energy Holdings Corp.; the Nuevo Solar Energy Corp.’s (NSEC) 68 MWac solar farm in Currimao, Ilocos Norte with Vena Energy’s Pasuquin Energy Holdings Inc., and the PH Renewables Inc.’s (PHRI) 75 MWac solar farm in Baras, Rizal with Mitsui &

Co.’s Mit Renewables Power Corp. MGen, the power generation business of the Manila Electric Co. (Meralco), is optimistic that it would hit its target RE portfolio of 1,500MW earlier than the 2030 target. “Our target is 1,500 MW of RE by 2030, but it can be earlier. It depends on when the other projects will start,” MGen COO Dominador Camu Jr. said. “But we have a lot in our pipeline that will meet at least 1,500 MW.” MGen plans to spend P18 billion on its RE buildout. The investment will cover over two gigawatts of gross RE capacity from solar and wind that the company. The investment will also include battery energy storage systems.

‘Converge Angkas plans to offer car service is fastest ISP in PHL’ M

onverge ICT Solutions Inc. was declared the fastest internet service provider (ISP) in the Philippines in the second half of last year, according to a company statement released Thursday. In the recently concluded Ookla Speedtest Awards, Converge also bagged the following awards: Best Internet Gaming Experience, Best Internet Video Experience, and Top-Rated Internet in the Philippines. “Our path to this achievement was guided by the singular mission of answering the broadband needs of Filipinos. That is why, each year, we made leaps in technology innovation and product development, all to deliver excellent connectivity solutions to our subscribers. We are glad to be recognized by Ookla for this collective hard work that ultimately led us to a clean sweep of their top awards including the ‘Fastest Internet Service Provider’,” said Converge CEO Dennis Anthony H. Uy. Converge concluded the third and fourth quarters of 2023 with the top internet speed of 457.56 Mbps, surpassing the national top speed of 365.19 Mbps. The company also achieved a speed score of 123.18, outpacing its closest competitor. Lenie Lectura

otorcycle taxi and deliver y ser vice provider Angkas is widening its horizon as it seeks to enter the four-wheel transportation network vehicle service (TNVS) market through a new offering dubbed Angcars. This development is included in the company’s announcement of its key initiatives and plans to continue offer innovative new services for Filipinos and modernization programs for stakeholders while ensuring the company’s further growth for the year. “Angcars is designed to be an advanced ride-hailing app that seamlessly blends affordability with userfriendly navigation,” Angkas CEO George Royeca said in a recent townhall, titled “2024 and Beyond.” According to him, the soon-tobe-launched app aims to introduce options like Angcars Economy and Angcars Plus that allow passengers to effortlessly request four- or sixseater vehicles. Amid its intention to diversify, the firm remains focused on expanding further its two-wheel taxi-hailing app with new services and initiatives for bikers. Upcoming additions to its service features include Angkas Health, which brings healthcare services to homes through a straightforward five-step process that includes home service blood testing by Philippine Red Cross-licensed medical professionals.

Photo from www.angkas.com

Another is Angkas Padala, which is intuitive with digital seller tools, payment and disbursement access, along with nationwide courier services that address the emerging needs of Filipino “e-preneurs.” For riders’ financial inclusion and empowerment, Royeca introduced the AngKash initiative that offers low-cost loans to assist them in acquiring or upgrading their motorcycles. The program offers reduced interest rates to enhance financial flexibility and mobility. In partnership with automobile manufacturing giant Honda and

Uno Bank, with the end goal of rearing a new generation of micro-entrepreneurs among Angkas bikers, the revamped AngKash seeks to extend this drive to a bigger portion of the biker fleet. Royeca also delved on the need for the homegrown company to guarantee maximum levels of efficiency in terms of finding the right balance between manpower and service delivery, vis-à-vis operations. To help realize Angkas plans for 2024, Royeca rallied employees to continue delivering “innovative quality services.” Roderick L. Abad

BusinessMirror file photo

lag carrier Philippine Airlines (PAL) ranked second most punctual Asia-Pacific airline in December 2023 and placed eighth among the top performing airlines in the region, according to London-based aviation analytics Cirium. Wit h 83.08 percent of its flights arriving on schedule, PAL’s ranking was second to a Thailand regional airline, according to the recently published Cirium OnTime Performance Report. Also, PAL was the only Philippine carrier to reach the top ranks. The full-year ranking comes after five consecutive months of top ratings for PAL in which it placed the third most punctual spot in September and November last year, recording a 84.27 percent on-time arrival performance in November and 83.38 percent in September. In October last year, PAL ranked 4th, with 82.74 percent on-time flights. For the entire 2023, PAL recorded an on-time arrival performance of 77.46 percent, covering approximately 105,000 recorded flights across the airline’s global network. PAL’s 77.46 percent on-time

performance surpassed the 73.51 percent average logged for 3.76 million individual flights operated by airlines across the AsiaPacific region. “We are grateful to all our customers and stakeholders for their support, to our employees for their teamwork and dedication, and to our government authorities whose productive collaboration and partnership helped us achieve the operational efficiencies needed to earn this ranking among the top 10,” said PAL President Captain Stanley K. Ng. “We acknowledge that there is still room for improvement. I assure our passengers that the Philippine Airlines team will work even harder to sustain and improve our current performance,” he added. Airlines from Japan, Thailand, India, New Zealand, Indonesia, Singapore, Vietnam and Hong Kong rounded out the top 10 list for 2023. Cirium has been tracking the on-time performance of airlines and airports around the world for more than 15 years to produce the longest-standing punctuality analysis in global aviation. Lenie Lectura

SM Group receives 20 PHL Quill Awards

he SM Group, led by SM Investments Corp. (SMIC), has won 20 awards for excellence in communications during the 20th Philippine Quill Awards. SM Foundation Inc. was also hailed as the second runner up for company of the year. SMIC won awards for its 2022 integrated report, enhanced digital communications strategy and SM brand refresh. “At SM, we recognize and embrace that in today’s business landscape, communication plays a greater role in engaging our key stakeholders and ultimately, helping shape brand love and loyalty. We are honored and elated that our efforts have been recognized by the International Association of Business Communicators Philippines,” Frederic C. DyBuncio, president and CEO of SMIC, said. SM Foundation clinched awards for the projects Revitalizing the SM Foundation Brand: Embracing the Joy of Social Good, Inclusivity and Engagement; Spreading Social Good to Inspire and Strengthen a Nation and #SpreadingSocialGood Stories Online. It also garnered awards for Social Good Feature Videos: Sharing Stories of Transformation, Resilience, and Hope; SM Foundation Primer: Sharing Stories and Rallying Part-

ners for Social Good and We Care: The SM Foundation Newsletter Made Even Better. BDO Unibank Inc. was awarded for the BDO Waste BusteRRR; BDO’s enhanced careers portal; BDO and the all-out fight against online scams; Mastering the market: BDO Securities’ investor empowerment initiative; Building Trust, Driving Success: BDO’s IR Initiative and BDO Fish’ n Learn Financial Education Card Game. SM Supermalls, meanwhile, was recognized for its AweSM SuperKids Zone at Roblox and SM Supermalls: You’re Always Welcome Here. The Philippine Quill Awards, held recently at the Marriott Grand Ballroom in Pasay City, is considered as one of the country’s most prestigious awards program in the field of business communication. The 20th Philippine Quill Awards was hosted by IABC Philippines, the first IABC chapter in Asia. VG Cabuag

Companies BusinessMirror

Friday, February 2, 2024

IPO of Citicore Power unit secures nod of regulator

By VG Cabuag & Lenie Lectura

@villygc @llectura

he Philippine Stock Exchange Inc. (PSE) has approved the initial public offering (IPO) of Citicore Renewable Energy Corp. (CREC), a pure-play renewable energy (RE) producer in the Philippines.

CREC said it will set the price on its shares on March 6 and offer period from March 11 to 15. It will be listed on the PSE on March 22. The company received the Notice of Approval (NOA) issued by the last January 29. The Securities and Exchange Commission issued the preeffective approval for CREC’s IPO last January 17. The IPO consists of an offer of up to 2.9 billion primary common shares, and an over-allotment option of up to 435 million secondary common shares, at an offer price of up to P3.88 per share. Total proceeds, including the over-

allotment option, would amount to P12.93 billion. Proceeds from the IPO will be used to partially fund CREC’s capital expenditures and pipeline development for solar energy plants and battery energy storage system, as well as general corporate purposes. “I welcome the decision of CREC to tap the equities market to raise capital since RE projects are very much needed these days given that we are racing against time to address climate issues,” PSE President and CEO Ramon S. Monzon said in a statement. CREC has set aside 10 percent of

Corp) and solar rooftop systems in Bataan. The company also ventured into the development of run-of-river hydro in Ilaguen, Isabela. It has secured wind energy service contracts for at least seven off-shore wind projects. “In 2021, we completed the construction of solar rooftops, which delivered 6.5MW in solar energy capacity, and commissioned an additional 115.7MW solar energy capacity in 2022. From 2021 until September 30, 2023, we almost doubled our total installed capacity, having developed, operated and maintained ten operating solar assets with a combined gross installed capacity of 285.1MW1 as of September 30, 2023,” the company said. The company is the vehicle used by Citicore Power Inc. to pursue RE platform investments in greenfield and brownfield projects, and manage the operation of power generation projects for solar, hydro and wind technologies. CPI is a direct subsidiary of Citicore Holdings Investment Inc., the parent company of Megawide Construction Corp.

its offered shares for local small investors (LSIs), who may subscribe to the IPO through the PSE EASy website or mobile application. The company has a pipeline of renewable energy projects in the Philippines in line with its goal of adding approximately 1 gigawatt of ready-to-build/under construction solar energy capacity each year through 2027. CREC is looking at developing 1,000 megawatts of additional capacity annually in the next five years. The sponsor company for real estate investment trust, Citicore Energy REIT Corp., said in its prospectus that it has over 5 gigawatts of project pipelines in varying stages of development. CREC currently operates 10 solar power plants, and one micro-grid solar rooftop systems with total aggregate capacity of 284 MWpdc across the country. These solar facilities include Citicore Solar Bulacan Inc., CS Bataan Inc., CS Tarlac 1 Inc., CS Tarlac 2 Inc., Clark Solar Farm Inc., CS South Cotabato Inc., CS Ceb Inc., CS Negros Occidental Inc., Arayat-Mexico Solar Farm (a joint venture with ACEN

Alternergy closes deals for wind projects

lternergy Holdings Corp. sealed deals with Envision Energy International Trading Limited for its wind power projects in Rizal and Quezon. The company’s subsidiaries, Alabat Wind Power Corp. (AWPC) and Alternergy Tanay Wind Corp. (ATWC), through their respective board of directors, approved and authorized the execution of full service agreements, onshore turbine supply agreements, offshore turbine supply agreements and coordination agreements with the Chinese multinational corporation headquartered in Shanghai. These agreements entail the design, engineering, manufacturing and delivery of wind turbine generators (WTGs), a combination of 6.5 MW and 8 MW rated capacity, and includes a 10-year service and maintenance arrangement. The wind power projects of ATWC and AWPC recently won in the Green Energy Auction 2 (GEA-2) Program of the Department of Energy (DOE). The two wind power projects have a capacity of up to 164 megawatts (MW). In October, the Tanay Wind Power Project announced the signing of a

long-term lease agreement with the Rizal Provincial Government for the provincial property as the project site. Also in October, the Alabat Wind Power Project received the thumbs up from the Quezon Provincial Development Council supporting the project. In December 2023, the company received P1.45 billion from staterun Government Service Insurance System (GSIS). The amount will be utilized for the construction of the Tanay and Alabat Wind Power Projects. In October 2023, Alternergy tapped three investment banks— BPI Capital, RCBC Capital and SB Capital—as lead arrangers to raise a P12-billion project finance structure for the Tanay and Alabat Wind Power Projects. Alternergy is a renewable power pioneer with a portfolio of project companies engaged in different renewable energy projects, particularly wind, run-of-river hydro, solar farm and commercial rooftop, battery storage and offshore wind projects. The company aims to develop up to 474MW of additional wind, solar, and run of river hydro projects. Lenie Lectura

MUTUAL FUNDS

asic Energy Corp. on Thursday said it plans to develop a 50megawatt (MW) solar power project inclusive of a Battery Energy Storage System (BESS) in the province of Pangasinan.

The planned solar power project will come in two phases, with 10MW and BESS that are intended to be developed and constructed as Phase 1 of the solar project. Phase 2, with a capacity of around 40MW, will then follow. In line with this, Basic Energy has signed a Memorandum of Understanding (MOU) with Pangasinan 1 Electric Cooperative (Panelco I) last January 30 for the conduct of Distribution Impact Study (DIS) and Distribution Asset Study (DAS) on the Panelco I distribution facilities. Lenie Lectura

NAV

One Year Three Year

per share

Five Year

Y-T-D

Return*

Return

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

1.5%

0.89%

-4.16%

-0.31%

1.4857

3.9%

5.81%

-0.31%

1.96%

0.88%

ATRAM Philippine Equity Opportunity Fund, Inc. -a 3.0066

216.52

-0.14%

0.91%

-6.22%

-2.12%

Climbs Share Capital Equity Investment Fund Corp. -a 0.7071

0.91%

-2.53%

-5.86% n.a

First Metro Consumer Fund, Inc. -a

-7.92%

-2.96%

-6.16% n.a

1.68%

First Metro Save and Learn Equity Fund, Inc. -a 4.7324-1.1%

0.89%

-3.18%

2.21%

ATRAM Alpha Opportunity Fund, Inc. -a

0.6361

2.74%

-0.11%

First Metro Save and Learn Philippine Index Fund, Inc. -a 0.7106-1.65%

0.67% n.a n.a

MBG Equity Investment Fund, Inc. -a

84.79

-6.98% n.a

PAMI Equity Index Fund, Inc. -a 44.1671 Philam Strategic Growth Fund, Inc. -a Philequity Dividend Yield Fund, Inc. -a Philequity Fund, Inc. -a

7.56%

-4.39%

-1.03%

0.61%

-3.45% n.a

2.92%

459.57

1.07%

0.42%

-3.42%

-0.28%

2.73%

1.2126

2.9%

3.54%

-1.73% n.a

0.61%

0.59%

2.1%

-2.4%

1.52%

Philequity MSCI Philippine Index Fund, Inc. -a 0.88851.46%

1.86%

-3.18% n.a

2.49%

Philequity PSE Index Fund, Inc. -a

34.4475

-0.09%

1.52%

-2.68%

1.38%

2.88%

-0.24%

1.33%

-2.75%

1.36%

2.89%

0.6983

-0.27%

1.05%

-5.15% n.a

1.84%

Sun Life Prosperity Philippine Equity Fund, Inc. -a 3.4653

-0.55%

0.79%

-4.26%

-0.17%

Sun Life Prosperity Philippine Stock Index Fund, Inc. -a 0.8758-0.49%

1.03%

-3.04% n.a

United Fund, Inc. -a

0.67%

3.07%

3.1863

0.14%

0.8%

-2.98%

1.2%

2.61%

2.42%

772.2

Soldivo Strategic Growth Fund, Inc. -a

2.07%

-0.24%

4.6402

Philippine Stock Index Fund Corp. -a

3% 2.91%

Primarily invested in Peso securities (units) COL Equity Index Unitized Mutual Fund, Inc. -a 1.0851-0.49% n.a n.a n.a

2.79%

COL Strategic Growth Equity Unitized Mutual Fund, Inc. -a,2 1.0126 n.a n.a n.a n.a 0.79% Philequity Alpha One Fund, Inc. -a

1.0239

-5.16%

-0.15% n.a n.a

0.48%

Philippine Stock Index Fund Corp. -a

937.44

-0.24% n.a n.a n.a

2.89%

Exchange Traded Fund (shares) First Metro Phil. Equity Exchange Traded Fund, Inc. -a,c 104.93550.35% 1.76%

-2.44%

2.06%

2.94%

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

$0.7745

-17.03%

-15.72%

-4.8%

-1.69%

Sun Life Prosperity World Voyager Fund, Inc. -a

$1.6999

13%

0.14%

7.33% n.a

-5.78% 2.29%

Balanced Funds Primarily invested in Peso securities (shares) ATRAM Philippine Balanced Fund, Inc. -a 2.2348

0.55%

-0.63%

0.57%

0.95%

ATRAM Unicapital Diversified Growth Fund, Inc. -a,4 1.54

4.36%

-1.86%

-2.3%

-1.25%

1.95%

First Metro Save and Learn Balanced Fund, Inc. -a 2.5281

-1.33%

0.2%

-0.99%

-0.66%

1.26%

First Metro Save and Learn F.O.C.C.U.S. Dynamic Fund, Inc. -a 0.1931

-2.62%

5.9%

0.59% n.a n.a

1.42% NCM Mutual Fund of the Phils., Inc. -a

1.9622

-1.31%

0.86%

0.51%

PAMI Horizon Fund, Inc. -a

3.6044

2.11%

-0.25%

-0.15%

0.72%

1.37%

Philam Fund, Inc. -a

15.7907

1.77%

-0.93%

-0.83%

0.41%

1.46%

Solidaritas Fund, Inc. -a

1.57%

2.0574

1.66%

0.82%

1.51%

-0.92%

1.28%

1.45%

Sun Life of Canada Prosperity Balanced Fund, Inc. -a 3.4553

0.91%

0.27%

-1.98%

0.23%

Sun Life Prosperity Dynamic Fund, Inc. -a 0.9149

2.76%

-1.1% n.a

1.17%

0.33%

1.39%

Primarily invested in Peso securities (units) Sun Life Prosperity Achiever Fund 2028, Inc. -a 0.94640.68%

-1.43% n.a n.a

0.65%

Sun Life Prosperity Achiever Fund 2038, Inc. -a 0.8634-0.71%

-1.11% n.a n.a

1.92%

Sun Life Prosperity Achiever Fund 2048, Inc. -a 0.844-1.17%

-1.13% n.a n.a

2.23%

Primarily invested in foreign currency securities (shares) Cocolife Dollar Fund Builder, Inc. -a $0.03277

-0.46%

-5.64%

-1.6%

0.13%

PAMI Asia Balanced Fund, Inc. -b $0.8758 -10.81%

-9.87%

-1.32%

-1.96%

-0.96%

-4.29%

Sun Life Prosperity Dollar Advantage Fund, Inc. -a $4.3431

7.96%

-1.58%

4.41%

Sun Life Prosperity Dollar Wellspring Fund, Inc. -a $1.0408

3.12%

-3.78%

0.93% n.a

3.19%

1.19% -0.02%

Bond Funds Primarily invested in Peso securities (shares) ALFM Peso Bond Fund, Inc. -a 391.49

Basic Energy inks MOU with Pangasinan co-op

February 1, 2024

1.75%

2.57%

ATRAM Corporate Bond Fund, Inc. -a

1.9152

1.4%

0.2%

0.47%

0.11%

0.33%

Cocolife Fixed Income Fund, Inc. -a

3.3354

2.35%

1.2%

2.25%

3.75%

0.3%

Ekklesia Mutual Fund, Inc. -a 2.2829

2.7%

-0.23%

1.26%

1.52%

-0.14%

First Metro Save and Learn Fixed Income Fund, Inc. -a 2.453

1.39%

0.03%

1.92%

Philam Bond Fund, Inc. -a

1.99%

4.3061

3.12%

1.25%

1.08%

0.19%

1.383

3.89%

1.51%

3.16%

1.85%

0.71%

4.0357

2.46%

0.42%

2.49%

1.75%

0.03%

Soldivo Bond Fund, Inc. -a

2.49%

0.44%

2.94% n.a

0.2%

1.0518

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

1.7652

-2.53%

0.25%

Philequity Peso Bond Fund, Inc. -a

Philam Managed Income Fund, Inc. -a

1.96%

2.32%

3.3059

3.15%

1.07%

3.22%

2.3%

2.4%

0.31%

2.39%

1.66%

-0.24%

-0.17%

-0.21%

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

1.0139 n.a n.a n.a n.a

0.63%

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

$496.55

2.71%

0.8%

1.98%

2.53%

0.26%

ALFM Euro Bond Fund, Inc. -a Є214.38

1.69%

-0.76%

0.06%

0.82%

0.18%

-6.89%

-1.88%

First Metro Save and Learn Dollar Bond Fund, Inc. -a $0.0249 2.89%

-1.93%

PAMI Global Bond Fund, Inc. -b $0.8537

ATRAM Total Return Dollar Bond Fund, Inc. -b $1.036-0.68% -2.23%

-3.13%

Philam Dollar Bond Fund, Inc. -a

$2.297

2.93%

Philequity Dollar Income Fund, Inc. -a $0.06113

1.44%

-7.86%

Sun Life Prosperity Dollar Abundance Fund, Inc. -a $2.7692

-3.94% -3.18%

0.79%

0.12%

ALFM

-0.65%

0% n.a

-0.43% 1.86%

-0.98%

-0.71%

1.32%

1.6%

0.36%

-0.53%

-4.83%

-0.95%

0.46%

-2.28%

Money Market Funds Primarily invested in Peso securities (shares) ALFM Money Market Fund, Inc. -a 137.22

2.83%

1.82%

2.48%

2.06%

0.26%

First Metro Save and Learn Money Market Fund, Inc. -a 1.1118 3.33%

1.97% n.a n.a

Sun Life Prosperity Peso Starter Fund, Inc. -a 1.37942.86%

2.44%

2.05%

0.31%

0.27%

Primarily invested in Peso securities (units) ALFM Money Market Fund, Inc. -a 105

4.21% n.a n.a n.a

0.4%

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

$1.1014

2.74%

1.5%

1.59% n.a

0.36%

Feeder Funds

Sun Life Prosperity World Equity Index Feeder Fund, Inc. -a

1.5111

17.2%

1.17%

9.45% n.a n.a

2.85% Sun Life Prosperity World Income Fund, Inc. -a,1

1.0168 n.a n.a n.a n.a

1.71%

Primarily invested in foreign currency securities (Units) ALFM Global Multi-Asset Income Fund, Inc. -a $0.7992-2.41% a - NAVPS as of the previous banking day. 1 - Launch date is August 22, 2023.

-6.57% n.a n.a

b - NAVPS as of two banking days ago.

2 - Launch date is October 6, 2023.

-0.44%

c - Listed in the PSE.

3 - Launch date is May 25, 2023.

4 - Renaming was approved by the SEC last May 21, 2020 (formerly, ATRAM Dynamic Allocation Fund, Inc.) “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.”

PSE STOCK QUOTATIONS

February 1, 2024

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

ASIA UNITED BDO UNIBANK BANK COMMERCE BANK PH ISLANDS CHINABANK EAST WEST BANK METROBANK PB BANK PHIL NATL BANK PSBANK RCBC SECURITY BANK UNION BANK BRIGHT KINDLE COL FINANCIAL FILIPINO FUND PHIL STOCK EXCH

58,060 363,524,044 4,700 160,265,178 3,058,995 848,283 80,385,902 143,500 1,556,738 59,140 2,345 22,561,331 6,913,315 22,120 22,600 21,600 452,781

63,972,733 -1,360 25,395,370 -699,300 503,753 13,137,684.50 -8,750 -27,900 -2,475,128 -2,507,210 12,286

INDUSTRIAL ACEN CORP 4.24 4.25 4.25 4.33 4.24 4.25 5,686,000 24,209,400 0.53 0.54 0.54 0.55 0.54 0.54 294,000 158,820 ALSONS CONS 0.74 0.75 0.75 0.75 0.74 0.75 144,000 107,260 ALTERNERGY HLDG 37.4 37.65 38 38 37.3 37.65 321,300 12,117,625 ABOITIZ POWER RASLAG 1.19 1.21 1.19 1.21 1.19 1.21 8,000 9,580 0.224 0.226 0.233 0.239 0.223 0.225 12,750,000 2,935,990 BASIC ENERGY FIRST GEN 18.1 18.12 18.2 18.24 18.1 18.12 681,700 12,358,996 64.5 64.6 64.65 64.65 64.6 64.6 209,920 13,564,354.50 FIRST PHIL HLDG 357 358.4 363 363 357 357 325,700 116,746,094 MERALCO 17.6 17.62 17.9 17.96 17.6 17.62 1,549,400 27,335,702 MANILA WATER PETRON 3.33 3.38 3.31 3.38 3.31 3.38 233,000 784,190 PETROENERGY 4.32 4.4 4.31 4.4 4.31 4.4 25,000 108,740 4.25 4.53 4.54 4.54 4.53 4.53 9,000 40,790 PHX PETROLEUM 7.35 7.38 7.3 7.4 7.3 7.39 5,900 43,483 REPOWER ENERGY 31 31.2 31.3 31.4 31 31 575,900 17,947,335 SEMIRARA MINING 7.47 7.55 7.7 7.7 7.4 7.55 1,059,900 8,020,689 SYNERGY GRID SHELL PILIPINAS 10.62 10.66 10.6 10.68 10.6 10.66 25,200 268,914 SPC POWER 6.98 7.05 7 7.05 6.98 7 21,100 147,633 14.52 15.82 14.52 14.52 14.52 14.52 1,000 14,520 VIVANT 0.6 0.61 0.62 0.63 0.58 0.61 13,943,000 8,642,660 AGRINURTURE 2.25 2.32 2.24 2.25 2.23 2.25 25,000 55,950 AXELUM 11.32 12.7 12.9 12.9 12.9 12.9 100 1,290 CNTRL AZUCARERA CENTURY FOOD 34.1 34.35 33 34.4 32.3 34.1 2,886,400 97,441,520 DEL MONTE 6.04 6.17 6.05 6.24 6.04 6.04 14,400 87,683 DNL INDUS 6.3 6.31 6.38 6.39 6.28 6.31 1,440,100 9,095,214 20.45 20.55 20.65 20.65 20.4 20.45 966,500 19,782,060 EMPERADOR 49.2 49.4 49.4 49.4 48.7 49.3 16,000 785,145 SMC FOODANDBEV 0.68 0.69 0.66 0.68 0.66 0.68 10,967,000 7,403,970 FIGARO COFFEE FRUITAS HLDG 0.85 0.87 0.87 0.87 0.85 0.87 287,000 245,750 GINEBRA 162.2 164.5 165 165 162.2 164.5 1,110 181,811 JOLLIBEE 254 255.2 253.8 256.8 252 254 378,020 96,247,016 1.43 1.44 1.45 1.46 1.42 1.44 1,178,000 1,704,060 KEEPERS HLDG 3.26 3.27 3.3 3.3 3.27 3.27 78,000 256,430 MAXS GROUP 8.77 8.78 8.77 8.82 8.6 8.78 2,803,600 24,517,547 MONDE NISSIN SHAKEYS PIZZA 10.58 10.62 10.64 10.64 10.5 10.58 10,300 108,948 ROXAS AND CO 0.47 0.475 0.425 0.5 0.425 0.47 11,610,000 5,453,550 RFM CORP 2.92 2.95 3 3.01 2.91 2.95 215,000 639,420 0.06 0.064 0.061 0.062 0.06 0.06 60,000 3,660 SWIFT FOODS 110.1 110.2 111.6 111.7 110.2 110.2 2,755,340 305,207,507 UNIV ROBINA 0.5 0.53 0.54 0.54 0.51 0.53 94,000 48,470 VITARICH VICTORIAS 2.67 2.7 2.67 2.7 2.67 2.7 45,000 120,270 CEMEX HLDG 0.89 0.9 0.92 0.92 0.87 0.89 111,000 98,850 0.63 0.64 0.64 0.64 0.64 0.64 377,000 241,280 EC VULCAN CORP 5.71 5.79 5.95 5.95 5.7 5.8 483,700 2,792,611 EEI CORP 3.39 3.4 3.32 3.39 3.31 3.39 1,077,000 3,616,700 MEGAWIDE 1.71 1.76 1.7 1.77 1.7 1.71 70,000 119,670 CROWN ASIA EUROMED 0.73 0.79 0.75 0.79 0.73 0.79 5,000 3,730 5.19 5.2 5.3 5.39 5.2 5.2 2,186,400 11,578,190 PRYCE CORP CONCEPCION 12.58 13 12.66 12.7 12.58 12.58 27,000 340,666 0.228 0.229 0.233 0.235 0.227 0.229 13,000,000 2,997,770 GREENERGY 2.46 2.47 2.5 2.5 2.45 2.46 63,000 156,680 INTEGRATED MICR 1.18 1.2 1.18 1.22 1.18 1.21 282,000 337,970 IONICS PANASONIC 4.95 5.62 5.64 5.64 5.64 5.64 1,100 6,204 2.44 2.48 2.45 2.48 2.45 2.48 424,000 1,038,990 SFA SEMICON CIRTEK HLDG 1.91 1.94 1.9 1.95 1.9 1.94 600,000 1,158,540

5,855,760 -18,770 -488,665 -289,050 -1,715,274.00 -26,804,176 -13,179,926 -436,700 -6,157,375 -448,488 4,272 -64,720 15,817,495 -48,133 -5,477,861 -1,661,815.00 -171,345 1,728,470 28,900 36,160 -13,265,608 -29,550 4,294,870 14,780 -90,000 -78,579,642 8,010 72,390 109,560 3,540 10,600,000 -224,880 39,990 -1,011,740 -32,690

HOLDING & FRIMS ABACORE CAPITAL ASIABEST GROUP AYALA CORP ABOITIZ EQUITY ALLIANCE GLOBAL ANSCOR ATN HLDG A COSCO CAPITAL DMCI HLDG FILINVEST DEV GT CAPITAL JG SUMMIT KEPPEL HLDG A LODESTAR LOPEZ HLDG LT GROUP PACIFICA HLDG PRIME MEDIA SM INVESTMENTS SAN MIGUEL CORP TOP FRONTIER WELLEX INDUS

33.6 144 6.55 111.1 31.45 8.75 56.35 8.75 18.46 54 22.2 71.45 44.4 1.08 2.5 3.6 171.1

1.06 2.67 668 47.95 11.34 11.96 0.375 4.95 10.74 5.5 660 39 5 0.38 4.33 9.45 1.15 2.62 893 108 96.05 0.27

33.8 144.7 6.7 112.5 31.5 8.79 56.9 8.8 18.52 55.8 23.45 71.9 44.5 1.12 2.53 5.4 187.2

1.07 2.8 678 48.85 11.44 11.98 0.38 4.98 10.78 5.59 661 39.1 5.5 0.42 4.37 9.48 1.44 2.68 898 108.3 98.95 0.275

34.8 143.7 6.5 111.1 31.5 8.7 57 8.75 18.88 55 23.45 71 44.6 1.16 2.5 3.6 190

1.07 2.8 672.5 48.85 11.36 11.98 0.38 5 10.7 5.59 664 38.95 5.5 0.425 4.39 9.45 1.16 2.62 900 108 97.1 0.27

34.8 144.9 6.8 113 31.6 8.75 57 8.75 18.88 55.8 23.45 71.9 45 1.16 2.54 3.6 190

1.08 2.8 679 48.85 11.5 11.98 0.38 5.03 10.78 5.59 664 39.3 5.5 0.425 4.4 9.53 1.16 2.65 910 110.5 98.95 0.27

33.8 143 6.5 110.5 31.5 8.67 56.2 8.75 18.52 55 23.45 70.4 44 1.08 2.5 3.6 171

1.05 2.8 661.5 47.95 11.32 11.96 0.375 4.91 10.44 5.5 647 38.35 5.5 0.425 4.33 9.4 1.15 2.61 888 107.9 96 0.27

33.8 144 6.8 112.5 31.5 8.75 56.9 8.75 18.52 55.8 23.45 71.9 44.5 1.12 2.54 3.6 187.2

1.07 2.8 678 47.95 11.34 11.98 0.375 4.98 10.74 5.5 660 39 5.5 0.425 4.33 9.45 1.15 2.62 893 108 98.95 0.27

1,700 2,523,800 700 1,435,100 97,100 97,200 1,419,290 16,400 83,800 1,060 100 317,730 154,700 20,000 9,000 6,000 2,560

2,019,000 21,000 164,310 784,700 2,399,900 4,900 380,000 1,649,900 5,580,700 1,200 86,480 1,946,200 100 10,000 4,000 3,789,700 8,000 172,000 412,600 167,400 5,140 500,000

2,130,310 58,800 110,446,420 37,873,910 27,344,704 58,690 142,900 8,216,983 59,762,984 6,609 56,987,500 75,976,975 550 4,250 17,520 35,837,593 9,250 450,130 368,811,670 18,174,717 496,599 135,000

PROPERTY ARTHALAND CORP 0.4 0.445 0.42 0.42 0.4 0.4 300,000 121,850 33.35 33.65 33.4 33.9 33.1 33.65 7,178,500 240,094,195 AYALA LAND 1.7 1.71 1.71 1.74 1.7 1.7 822,000 1,398,650 AYALA LAND LOG 8.91 9.09 8.91 8.91 8.91 8.91 5,300 47,223 ALTUS PROP ARANETA PROP 1.13 1.17 1.17 1.19 1.13 1.17 1,916,000 2,222,310 AREIT RT 32.6 32.65 32.55 32.65 32.1 32.6 1,303,400 42,400,750 A BROWN 0.63 0.64 0.64 0.66 0.64 0.64 144,000 92,240 0.69 0.71 0.69 0.72 0.69 0.69 5,000 3,480 CITYLAND DEVT 0.062 0.069 0.069 0.069 0.069 0.069 10,000 690 CROWN EQUITIES 2.63 2.64 2.64 2.64 2.62 2.63 354,000 931,750 CEB LANDMASTERS CENTURY PROP 0.265 0.27 0.27 0.27 0.265 0.27 720,000 193,450 CITICORE RT 2.65 2.66 2.67 2.67 2.63 2.66 4,668,000 12,397,120 DOUBLEDRAGON 7.65 7.79 7.8 7.8 7.54 7.79 126,600 967,820 1.21 1.22 1.22 1.22 1.2 1.22 536,000 648,250 DDMP RT 5.7 5.8 5.88 5.88 5.8 5.8 62,000 361,000 DM WENCESLAO 0.126 0.127 0.126 0.128 0.126 0.128 270,000 34,060 EMPIRE EAST EVER GOTESCO 0.28 0.29 0.28 0.29 0.28 0.29 170,000 48,700 FILINVEST RT 3.1 3.11 3.11 3.11 3.09 3.1 998,000 3,090,890 FILINVEST LAND 0.67 0.68 0.69 0.69 0.67 0.68 1,858,000 1,258,570 0.83 0.84 0.83 0.83 0.83 0.83 6,000 4,980 GLOBAL ESTATE 8.42 8.59 8.89 8.9 8.33 8.59 177,500 1,517,718 8990 HLDG 0.49 0.5 0.5 0.5 0.5 0.5 34,000 17,000 PHIL INFRADEV CITY AND LAND 0.77 0.8 0.8 0.8 0.77 0.8 173,000 136,310 MEGAWORLD 1.95 1.96 1.96 1.97 1.95 1.95 8,829,000 17,288,120 MRC ALLIED 1.3 1.32 1.34 1.34 1.28 1.3 613,000 794,860 13.6 13.7 13.8 13.8 13.5 13.52 442,700 6,062,264 MREIT RT 0.228 0.24 0.24 0.24 0.24 0.24 10,000 2,400 OMICO CORP 1.53 1.54 1.54 1.54 1.52 1.54 40,000 61,280 PREMIERE RT RL COMM RT 5.32 5.35 5.34 5.4 5.32 5.35 1,180,400 6,354,390 ROBINSONS LAND 15.8 15.84 16.02 16.02 15.78 15.8 1,121,800 17,834,996 ROCKWELL 1.4 1.42 1.44 1.44 1.38 1.4 20,000 27,920 3.92 3.95 3.94 3.95 3.94 3.95 85,000 335,630 SHANG PROP 3.34 3.49 3.5 3.5 3.49 3.49 40,000 139,720 STA LUCIA LAND 34 34.05 34.05 34.3 33.6 34.05 6,271,600 213,174,975 SM PRIME HLDG SUNTRUST RESORT 0.81 0.85 0.81 0.81 0.81 0.81 156,000 126,360 1.73 1.74 1.75 1.76 1.73 1.73 1,638,000 2,854,580 VISTA LAND VISTAREIT RT 1.72 1.73 1.73 1.74 1.72 1.73 166,000 287,380 SERVICES ABS CBN 4.16 4.23 4.41 4.41 4.12 4.23 718,000 3,061,760 8.87 8.88 8.9 8.9 8.85 8.88 146,300 1,299,561 GMA NETWORK 1,733 1,736 1,738 1,744 1,725 1,733 21,965 38,089,495 GLOBE TELECOM 1,255 1,265 1,272 1,288 1,255 1,255 42,600 53,818,140 PLDT APOLLO GLOBAL 0.013 0.014 0.014 0.014 0.013 0.014 37,100,000 486,300 9.17 9.2 9.25 9.27 9.05 9.2 5,371,000 49,403,812 CONVERGE DITO CME HLDG 2.43 2.45 2.45 2.45 2.38 2.45 1,588,000 3,823,990 1.13 1.14 1.15 1.15 1.12 1.12 194,000 219,360 NOW CORP 0.128 0.13 0.129 0.129 0.129 0.129 180,000 23,220 TRANSPACIFIC BR 16.54 16.98 16.98 16.98 16.54 16.54 1,100 18,370 ASIAN TERMINALS CHELSEA 1.48 1.5 1.47 1.5 1.46 1.5 56,000 83,790 32.45 32.65 32.8 32.8 32.45 32.45 205,900 6,696,100 CEBU AIR INTL CONTAINER 243 245 240 246.4 240 243 1,706,980 416,167,264 3.92 3.96 3.95 3.96 3.93 3.96 124,000 489,920 MACROASIA 0.43 0.44 0.44 0.44 0.44 0.44 90,000 39,600 METROALLIANCE A 0.5 0.73 0.5 0.5 0.5 0.5 28,000 14,000 METROALLIANCE B PAL HLDG 5.17 5.34 5.34 5.34 5.3 5.3 1,500 7,990 0.78 0.81 0.81 0.81 0.81 0.81 1,000 810 HARBOR STAR 1.8 1.89 1.81 1.81 1.8 1.8 50,000 90,300 ACESITE HOTEL 0.061 0.062 0.06 0.063 0.06 0.063 70,000 4,230 BOULEVARD HLDG 567.5 584 566 584 566 584 340 196,400 FAR EASTERN U 7.1 7.19 7.19 7.19 7.19 7.19 1,500 10,785 IPEOPLE STI HLDG 0.55 0.56 0.56 0.56 0.53 0.55 3,153,000 1,722,430 BELLE CORP 1.16 1.17 1.15 1.17 1.15 1.17 166,000 193,910 BLOOMBERRY 10.94 11.06 11 11.1 10.9 10.94 2,482,300 27,334,208 4.23 4.36 4.29 4.38 4.26 4.36 454,000 1,964,950 PACIFIC ONLINE 0.85 0.86 0.85 0.85 0.84 0.85 281,000 238,550 PH RESORTS GRP 0.68 0.69 0.7 0.7 0.68 0.68 9,451,000 6,485,860 PREMIUM LEISURE DIGIPLUS 7.89 7.9 8 8.05 7.86 7.9 2,668,300 21,146,869 PHILWEB 1.78 1.81 1.81 1.82 1.8 1.82 25,000 45,260 ALLDAY 0.155 0.157 0.156 0.158 0.155 0.155 2,590,000 403,990 1.14 1.15 1.14 1.15 1.12 1.15 1,435,000 1,626,030 ALLHOME 1.29 1.3 1.3 1.3 1.29 1.29 35,000 45,300 METRO RETAIL 27.55 27.65 27.8 28 27.3 27.65 1,438,300 39,688,020 PUREGOLD ROBINSONS RTL 35.7 35.9 35.8 36 35.05 35.9 278,300 9,849,715 PHIL SEVEN CORP 77.5 78 78 78 78 78 200,040 15,603,120 2.65 2.69 2.63 2.7 2.63 2.66 451,000 1,196,960 SSI GROUP 1.3 1.4 1.3 1.4 1.3 1.4 57,000 78,870 UPSON INTL CORP 21.4 21.65 21.6 22.3 21.25 21.6 2,551,000 55,140,370 WILCON DEPOT 0.218 0.222 0.215 0.222 0.215 0.221 300,000 65,350 APC GROUP EASYCALL 2.21 2.57 2.79 2.79 2.4 2.4 14,000 34,250 MEDILINES 0.315 0.32 0.31 0.32 0.31 0.32 60,000 18,800 0.166 0.172 0.165 0.173 0.164 0.173 1,660,000 282,580 PRMIERE HORIZON 4.22 4.65 4.61 4.65 4.61 4.65 4,000 18,560 SBS PHIL CORP MINING & OIL APEX MINING 2.91 2.94 2.9 2.97 2.88 2.94 2,982,000 8,768,520 3.37 3.44 3.36 3.36 3.35 3.36 19,000 63,810 ATLAS MINING 4.56 4.59 4.57 4.59 4.56 4.59 22,000 100,620 BENGUET A FERRONICKEL 1.99 2 2.03 2.03 1.99 1.99 188,000 375,890 GEOGRACE 0.04 0.041 0.04 0.041 0.04 0.041 500,000 20,400 0.072 0.074 0.075 0.075 0.074 0.074 700,000 51,980 LEPANTO A 0.072 0.073 0.075 0.075 0.072 0.072 970,000 70,940 LEPANTO B 0.0043 0.0046 0.0044 0.0044 0.0043 0.0043 15,000,000 64,700 MANILA MINING A 0.81 0.82 0.83 0.83 0.81 0.81 1,204,000 984,960 MARCVENTURES NICKEL ASIA 4.7 4.73 4.84 4.84 4.7 4.7 1,463,000 6,968,130 PX MINING 3.08 3.09 3.11 3.12 3.08 3.09 123,000 380,980 4.65 4.97 4.8 4.97 4.8 4.97 5,400 25,954 ENEX ENERGY 0.0079 0.008 0.008 0.008 0.008 0.008 2,000,000 16,000 ORNTL PETROL A 0.0079 0.008 0.0079 0.0079 0.0079 0.0079 5,000,000 39,500 PHILODRILL 3.71 3.75 3.74 3.76 3.72 3.75 48,000 178,830 PXP ENERGY PREFFERED ACEN PREF A 1,048 1,050 1,050 1,050 1,050 1,050 90 94,500 1,066 1,076 1,070 1,070 1,070 1,070 435 465,450 ACEN PREF B 2,492 2,510 2,506 2,506 2,506 2,506 225 563,850 AC PREF AR 495 498 495 495 495 495 20 9,900 AC PREF B2R BRN PREF A 96.75 97.4 97 97 96.75 96.75 6,000 581,090 34.9 35 34.9 34.9 34.9 34.9 1,200 41,880 CEB PREF 94.5 94.95 94.1 94.95 94.1 94.95 1,390 131,938 DD PREF 98 98.4 96 96 96 96 1,500 144,000 MWIDE PREF 2B 93.05 93.15 93.2 93.2 93.05 93.1 5,600 521,365 MWIDE PREF 4 100.5 100.9 100.5 101 100.5 100.5 700 70,400 MWIDE PREF 5 PNX PREF 4 211.4 228 237.6 237.6 209.4 228 180 39,790 982 994 980.5 980.5 980.5 980.5 1,000 980,500 PCOR PREF 3A 997 999 995 996 995 996 140 139,400 PCOR PREF 3B 990 1,000 990 990 990 990 65 64,350 PCOR PREF 4C 72.5 72.8 72.8 72.8 72.45 72.45 890 64,522.50 SMC PREF 2F 70.6 72.45 72.7 72.7 70.35 72.45 13,350 941,848.50 SMC PREF 2I SMC PREF 2K 70.55 71 71 71 71 71 70 4,970 79 79.8 79 79 79 79 500 39,500 SMC PREF 2O

PHIL. DEPOSITARY RECEIPTS

Primarily invested in Peso securities (units) ALFM Global Multi-Asset Income Fund, Inc. -a 43.61760.43% n.a n.a n.a

www.businessmirror.com.ph

44,520 33,707,335 -8,279,155 -11,394,278 3,487,451 -15,494,502 -8,064,500 10,640,385 -6,246,410.00 174,776,900 -4,757,955 20,916 -39,662,300 6,800 -24,950 -5,848,675.00 -12,800 7,840 13,500 -7,176,200 16,886 -29,000 -2,900 -58,900 20,560 -4,030 -5,476,310 -298,358 -2,577,483 3,635,846 5,400 75,130 -31,500 52,567,390.00 -34,500 21,681,275 -11,869,895 -17,445,967 -482,070 31,640.00 6,616 -1,564,835.00 38,148,326 -43,390 14,000 -192,290 -17,250 4,055,284 -5,900.00 -4,718,329 -3,620 28,080 -65,030.00 19,500 1,433,030 -1,476,360.00 0 -837,330 -67,970 -2,184,210 -2,790 11,530 344,900 -272,100.00 -780 3,280 555,820 10,500 -

ABS HLDG PDR 4.01 4.28 4.36 4.36 4.11 4.28 31,000 129,550 8.6 8.8 GMA HLDG PDR

TECH WARRANT

WARRANTS

0.27

0.29

0.275

0.29

0.275

0.29

120,000

33,900

SMALL, MEDIUM & EMERGING

0.73 0.73 0.73 0.73 43,000 31,390 1 1 0.96 1 310,000 302,000 0.63 0.64 0.62 0.63 153,000 95,400 1.55 1.55 1.55 1.55 7,000 10,850 1.01 1.01 1 1.01 1,387,000 1,394,240 -14,160 0.255 0.27 0.25 0.25 1,990,000 523,350 -135,000

EXHANGE TRADE FUNDS

105.7 105.7 104.6 104.6 5,550 582,835 107,504

CTS GLOBAL HAUS TALK ITALPINAS KEPWEALTH MERRYMART XURPAS

FIRST METRO ETF

0.73 0.96 0.63 1.55 1 0.25

104.5

0.75 1 0.64 1.58 1.01 0.265 104.6

www.news.businessmirror@gmail.com

Actuaries, IC to seek premium standard By Reine Juvierre Alberto

HE Insurance Commission (IC) announced it will conduct a study about the incidence of diseases among Filipinos based on the experience of health maintenance organizations (HMOs) and insurance companies in handling claims. “The said study aims to come up with benchmarks for evaluating the reasonableness of premium rates, reserve valuations and capitalization requirements of HMOs and insurance companies,” read a statement the IC issued last Thursday. The announcedment came after the IC and the Actuarial Society of the Philippines (ASP) agreed to conduct the country’s first industry-wide morbidity study. The agreement was signed by Insurance Commissioner Reynaldo A. Regalado and ASP President Allan R. Santos during the 75th anniversary of IC on January 24, according to the statement. The agreement serves as a framework for such study and other technical assistance programs, it added. “Ultimately, the study aims to bridge the health protection gap among Filipinos and enhance financial inclusion,” the IC said in a statement at the signing ceremony. The IC and ASP’s other areas for cooperation under the signed agreement include technical cooperation on the revision of standards on risk-based capitalization, valuation and product pricing. As of September last year, the IC identified 35 licensed life insurance companies and 60 licensed non-life insurance companies. Likewise, 27 HMOs with Certificates of Authority issued by the IC have been listed as of December 2023. The insurance industry had collected P289.60 billion in total premiums from life, non-life and mutual benefit groups, as of the third quarter of 2023, higher by 2.8 percent than the same period in 2022. Its total assets also grew by 10 percent, reaching a record P2.23 trillion by the end of the third quarter of last year, while total investments also jumped by 15 percent to P1.98 trillion in the same period. The IC is mandated to regulate and supervise the insurance, pre-need and HMO industries in accordance with the provisions of the Insurance Code.

Banking&Finance BusinessMirror

‘Meeting fiscal goals iffy sans new taxes’

By Jovee Marie N. dela Cruz

@joveemarie

HE government’s executive and legislative branches must work closely together to ensure that fiscal targets are met, according to the 2023 Philippine Development Report (PDR). However, the report also noted that maintaining these gains this year through 2028 may be difficult if new tax laws are not quickly put into place. The PDR for 2023 pushed for a legislative agenda to ensure sound fiscal management and improve the country’s tax regime. “However, sustaining this achievement until 2028 would be challenging without the prompt enactment of new tax measures,” the report said. According to the report, the proposed tax measures, including valueadded tax (VAT) on digital service

providers (DPS) and a revamped fiscal regime for mining, are projected to generate over P900 billion in additional revenues from 2024 to 2028. The proposed imposition of VAT on DSPs, approved by the House of Representatives on November 14, 2022, is pending discussion with the Senate. However, it said the success of these measures hinges on the collaboration between the executive

and legislative branches to avoid potential revenue shortfalls. Also among these measures, which the PDR said are “pivotal,” are the ongoing discussions on the “Passive Income and Financial Intermediary Taxation Act,” also known as Package 4 of the Comprehensive Tax Reform Package, which seeks to simplify financial transactions. Additionally, the report emphasized the need for the “Progressive Budgeting for Better and Modernized Governance” bill to institutionalize an efficient cash budgeting system and other critical public financial management reforms. Also on the priority list is the “Military and Uniformed Personnel (MUP) Pension Reform” bill. It was already approved by the House of Representatives to establish a sustainable pension system for MUPs. The “Real Property Valuation and Assessment Reform” bill, approved by the House and pending in the Senate, focuses on rationalizing and supporting regular property valuations and is also included in the agenda. In terms of new priority legislation, the PDP also pushed for the “National Government Rightsizing”

Associations as labors of love

EBRUARY is considered the “Love Month.” But it should not only be about Valentine’s Day and sweethearts, but also about fostering relationships with family and friends, as well as loving others. “Labor of love” refers to work done, not for monetary gain or external rewards, but out of passion, dedication, or love for the activity itself. When someone describes their work as “labor of love,” it typically implies that the effort they put into it is driven by intrinsic motivation, personal fulfillment, or a deep emotional connection to the work. Associations are in this same vein, as I believe they are “labors of love.” Since associations are driven by a shared mission and the collective efforts of their members, they often thrive when all stakeholders (board, secretariat, members, volunteers) contribute their genuine passion and commitment. Some aspects where the “labor of love” applies: 1. Shared mission and intrinsic motivation. An association involves individuals or groups contributing, not just for external rewards or recognition, but because they truly believe in the association’s purpose. Intrinsic motivation, stemming from a deep connection to the mission, becomes the driving force behind their commitment. 2. Volunteerism and dedication. Member-volunteers are not

Association World Octavio Peralta just fulfilling their obligations, but are also actively choosing to contribute because of their passion for the association’s cause. This dedication often results in a higher level of member engagement and a more profound impact on the community. 3. Building stronger communities. Members who approach their involvement as labor of love tend to foster a sense of camaraderie, mutual support, and shared enthusiasm. This not only enhances the association’s internal dynamics, but also creates a more vibrant and welcoming community for all members. 4. Passionate leadership. Whether serving on the board or leading a committee, these members are motivated by genuine passion for the association’s mission. Their leadership style inspires others, creating a positive ripple effect throughout the organization. 5. Going above and beyond. Whether organizing events, spearheading initiatives, or contributing innovative ideas, members driven by passion are more likely to invest extra time and effort to ensure the association’s success. 6. Sustaining long-term

engagement. Associations that cultivate a labor-of-love culture tend to enjoy sustained member engagement. When members feel a deep connection to the association and its mission, they are more likely to stay involved over the long term, providing continuity and stability to the organization. 7. Recognizing and celebrating contributions. Recognition reinforces the value of member dedication and passion, motivating them and others to approach their roles with a similar commitment, creating a positive feedback loop that strengthens the association’s overall sense of purpose. When individuals contribute, not out of obligation, but with an authentic passion for the association’s mission, the collective energy becomes a powerful force for positive change. Nurturing a culture where personal commitment is celebrated alongside professional duties enhances the association’s effectiveness as well as creates a fulfilling and meaningful experience for all its members. In the end, it is this labor of love that transforms associations from mere organizations to thriving communities driven by shared purpose and passion.

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

Contributions in SSS savings program jump

HE Social Security System’s (SSS) Workers’ Investment and Savings Program (WISP) contributions jumped in 2023 to P79.51 billion from the P20.4 billion it collected from the previous year. In a statement issued by the Department of Finance (DOF) last Thursday, the total member savings collection amounted to P79.51 billion from more than 6 million members. The WISP covers the privatesector employees, self-employed individuals, overseas workers, and voluntary members who have no final claim and have contributions to the regular SSS program, and have a monthly salary credit that exceeds P20,000. “This safe, convenient, and taxfree individual retirement savings plan allows members to invest and earn returns from their contributions, embodying the core principle of ‘Work, Save, Invest, and Prosper,’” the DOF was quoted in the statement

Editor: Dennis D. Estopace • Friday, February 2, 2024

as saying. The WISP is a mandatory provident fund scheme that serves as another savings for private-sector workers and other individual paying members of the SSS, the statement explained. Apart from that, contributions for WISP are paid together with the regular SSS contributions. Members of WISP are also entitled to disability and death benefits, as well as a retirement fund in addition to those provided by the regular SSS program, according to the statement. In December 2022, the SSS launched the WISP Plus, which is a voluntary retirement savings program offered exclusively to SSS members. WISP Plus serves as an “additional layer of support” apart from regular retirement benefits. Contributions to the WISP Plus amounted to P391.63 million which it collected from more than 30,000 members as of December 2023.

As of November 2023, the actual investment portfolios of WISP and WISP Plus totaled PHP 1.41 billion and PHP 76.34 billion, respectively. WISP’s annualized return on investment was 5.33 percent, whereas WISP Plus’s was 6.87 percent. Through the law, the powers and responsibilities of the Social Security Commission (SSC) were “rationalized and broadened” in order to guarantee the SSS’s long-term sustainability and improve its ability to adapt to the changing needs of its stakeholders. The statement added that the law ensured that all employees including domestic workers, overseas Filipino workers, as well as those self-employed, are included in the SSS pension system for their protection in case of disability, sickness, maternity, old age, death, and other contingencies that may result in financial loss or burden. Reine Juvierre Alberto

program. The proposal has already passed the Lower House, with corresponding Senate bills pending in the Committee on Civil Service, Government Reorganization and Professional Regulation. Additionally, amendments to the “Government Procurement Reform Act” are in progress in Congress, aiming to enhance rules on procurement planning. “Efficiency in spending will be enhanced by releasing allotments early, conducting early procurement activities, and digitalizing disbursement processes. The government’s rightsizing program will also be pursued through restructuring to address new priorities, as well as through merging or abolishing government agencies to create a more efficient bureaucracy,” the report said. Meanwhile, the priority legislation amending the National Tax Allotment (NTA) formula, which intends to address equity issues and vertical and horizontal fiscal imbalances between LGUs, and LGU Property Insurance, which mandates all provinces, cities, and municipalities to insure all government properties with the Government Insurance

Fund, are yet to be filed. Another reform, the Ease of Paying Taxes, which focused on improving tax compliance through simplified procedures and enhanced transaction portability, was already a law. “Other reforms need to be fasttracked, such as improving tax administration through the vigorous implementation of the Ease of Paying Taxes Act and the expansion of digital systems in collecting agencies,” it added. Alongside the enhancement of tax administration efficiency, Finance Secretary Ralph G. Recto is pushing for the passage of the refined priority tax measures of the Department of Finance (DOF), which are critical to meeting President Ferdinand R. Marcos Jr.’s 8-point socioeconomic agenda, particularly on ensuring sound fiscal management. Recto stated that the DOF has no new tax proposals but is recalibrating its existing priority tax measures to guarantee that they are fairer, easier to collect, and more practical, while ensuring that these reforms will not translate into an unnecessary burden for Filipino consumers and taxpayers.

Domestic claims of OFCs slowed to 2.4% in Q3 2023 By Cai U. Ordinario

@caiordinario

OMESTIC claims of the other financial corporations (OFC) slowed to 2.4 percent in the third quarter of 2023, revealed the preliminary results of the OFC survey of the Bangko Sentral ng Pilipinas (BSP). OFCs include various financial entities such as insurance and pension funds, broker dealers, securities investment trusts, government financial institutions and finance companies, a Bank for International Settlements documents revealed. The survey revealed claims (or assets) of OFCs in the third quarter of 2023 is slower than the 4.7-percent quarter-onquarter growth in second quarter of last year. The BSP said the domestic claims of OFCs reached P8.817 trillion in the Julyto-September period last year from P8.61 trillion in the second quarter of 2023. The quarter-on-quarter growth in the other financial corporations’ domestic claims in the third quarter of 2023 was driven by the rise of its claims on depository corporations, the central government and other sectors, the BSP said. According to the central bank, the sector’s claims on depository corporations increased due to higher deposits with banks and holdings of bank-issued debt securities. Further, the other financial corporations’ larger holdings of governmentissued debt securities contributed to the rise in the sector’s claims on the central government. “The other financial corporations’

claims on the other sectors, particularly the private sector, grew as the sector extended more loans to households and increased its holdings of equity shares in other nonfinancial corporations,” BSP said. Annually, BSP said the other financial corporations’ domestic claims rose, albeit at a slower pace of 17.8 percent in the third quarter of 2023 from 19.2 percent in the preceding quarter. BSP said this was due to the expansion of its claims on the depository corporations, the private sector, and the central government. The central bank said the sector’s claims on depository corporations grew amid the increase in its bank deposits and holdings of bank-issued equity shares. The data showed other financial corporations’ claims on the private sector rose as its investments in equity shares issued by other nonfinancial corporations and loans to household sector grew. “The sector’s claims on the central government expanded on account of its higher investments in governmentissued debt securities,” BSP added. The data showed the net foreign assets of the other financial corporations rose by 6.1 percent quarter-on-quarter from P348.4 billion to P369.6 billion as the sector’s investment in foreign-issued debt securities increased. The net foreign assets of the sector expanded, albeit at a slower rate of 47.1 percent year-on-year in the third quarter of 2023 from the 51 percent year-on-year in the second quarter of 2023.

Revenues from loans, investments lift LandBank 2023 income to ₧40B

HE Land Bank of the Philippines (Landbank) announced that its net income in 2023 reached P40 billion driven by strong revenues from loans and investments alongside prudent cost management. In a statement last Thursday, the state-run lender said its net income of P40.3 billion surpassed its fullyear target by P5 billion. The bank pointed out that this is now its “all-time high” net income since it breached the P40-billion mark in 2023. “LandBank’s strong financial performance in 2023 exemplifies sound management committed to deliver remarkable results in a thriving economy,” LandBank President and CEO Lynette V. Ortiz was quoted in the statement as saying. Ortiz added that the financial in-

stitution “will build on this growth momentum to further drive meaningful investments in advancing inclusive and sustainable development in the country.” The LandBank said its assets climbed to P3.3 trillion, 4.2 percent higher than what it posted last year. This is “bolstered by strong deposit inflows and income generated from loans and investments,” the lender added. The LandBank said it also saw deposits rose by 4.5 percent to P2.9 trillion. Meanwhile, the state-run bank said it maintains a “stable and robust capital position,” likewise, jumped substantially to P266.8 billion on the back of strong profitability. “This translates to 27 percent yearon-year growth from P210.6 billion last year.”

The LandBank said its financial ratios “continued to be at healthy levels” with its Capital Adequacy Ratio (CAR) standing at 16.35 percent and Common Equity Tier 1 (CET 1) at 15.46 percent. The lender noted both ratios are “well above” the minimum requirements set by the Bangko Sentral ng Pilipinas. Return on equity, meanwhile, stood at 16.87 percent, significantly higher than the 12.15 percent industry average, based on the bank’s statement. “This strong financial base will further enhance support for agriculture, fisheries and rural development, as well as other key development sectors, in line with the Bank’s broader thrust of serving the nation,” read the LandBank’s statement. Reine Juvierre Alberto

Relationships BusinessMirror

Friday, February 2, 2024 • Editor: Gerard S. Ramos

TODAY’S HOROSCOPE

❶ FROM left:

Bangko Sentral ng Pilipinas Gov. Eli Remolona (center) with D. Edgard A. Cabangon (Citystate Savings Bank) and Sharon Tan. PHOTOS

By Eugenia Last

CELEBRITIES BORN ON THIS DAY: Shakira, 47; Christie Brinkley, 70; Brent Spiner, 75; Graham Nash, 82. HAPPY BIRTHDAY: Make reductions this year. Less consumerism, temptation, consumption and debt will ease stress and help you return to what’s meaningful. Consider how simplicity can work in your favor. Jump at the chance to spend more time with loved ones, help those less fortunate and deal with concerns that give you a sense of pride and motivate you to make a difference. Choose to give more and use less. Your numbers are 7, 12, 24, 27, 36, 42, 48.

FROM BSP

❷ FROM left:

Former BSP Gov. Say Tetangco, Tessie Sy Coron (SMIC), former MB member Peter Favila, and COS Pia Roman-Tayag (BSP governor’s office).

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ARIES (March 21-April 19): Spend more time creating and putting everything in its place and less time trying to convince others to support your goal. You’ll have a more significant impact on your future if you move forward alone and prove you can call the shots and finish what you start. ★★★

❸ NESTOR TAN (BDO)

❹ SIMOUN UNG (OmniPay)

❺ EUGENE

TAURUS (April 20-May 20): Think before you act. Put a plan in place first if you want to be successful. Opportunity is available, and working for yourself is necessary, so choose to change whatever’s essential to clear the path to victory. Celebrate with those you love and trust. ★★★

ACEVEDO (RCBC)

❻ FROM left:

Jaime Augusta Zobel de Ayala (BPI), Sec. Arsenio Balisacan (Neda), and MB member Rosalia V. de Leon.

❼ FROM left: Paul

Raymund Favila (Citi Group), TG Limcaoco (BPI), BSP senior assistant gov. Edna Villa and Sanjiv Vohra (Security Bank).

www.businessmirror.com.ph

❼

❻

❺

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A night of stars at the BSP Bankers’ Reception I

T was a night of stars, in the financial community that is, as they attended the Annual Bankers’ Reception tendered by the Bangko Sentral ng Pilipinas (BSP) on Friday, January 26, at the Fort San Antonio Abad. It was an especially meaningful night as it commemorated the 75th year of the institution, which has overseen the many changes in the country’s history and dealt with the impact of global economic policies. Through it all, the central bank has always provided the strong fortification to

protect the economy and defend it from both internal financial difficulties and external shocks. And so it was fitting that the event was moved back to the historic fort—completed in 1584—which has played a key role in defending our still young country against foreign troops. I am told that credit must go to Marie V. Remolona, the wife of BSP Gov. Eli M. Remolona, as she recalled attending the previous Bankers’ Receptions traditionally held at the fort. Too bad she was not in attendance that night, as a source tells me, the mysterious Mrs. Remolona was on an “apos-tolic duty” in the US. It was nice to see the usually reserved Gov. Eli bravely mingling with his, uhm, constituents, exchanging brief words with them and gamely posing for photos. I think the conversations were more pleasant and engaging for him (and everyone, for that matter) with the event returned to the beautifully lit fort, which exuded warmth and comfort. Seen sharing pleasantries with him were his predecessors, Say Tetangco, Joey Cuisia, and Jimmy Laya. Too bad I missed newly appointed Finance

Secretary Ralph G. Recto who made an appearance sans his missus, actor Vilma Santos Recto. I had firmly made up my mind to attend the event just for a chance to get a selfie with Ate Vi, and ask her if she were up to making meaningful films again the likes of Sister Stella L, and Bata, Bata, Pano Ka Ginawa? So I had to settle for a selfie with senior assistant Gov. Edna C. Villa instead (joke!). But seriously, a longtime central banker, EV is definitely BSP’s own Star for All Seasons having been appointed to the challenging post of heading BSP’s Treasury Group. So, congratulations! It was nice to catch up with our big boss, D. Edgard A. Cabangon, who attended with his lady love Sharon Tan. Cabangon, who is also chair of Citystate Savings Bank, was fearlessly fending off questions about CNN Philippines’ then impending closure. (Wait, what were telco reporters doing at a banking event?) Also paying homage to Gov. Eli were the country’s tycoons such as the venerable Helen Yuchengo-Dee and Teresita Sy-Coson, as well as Jaime August Zobel

SEE “RECEPTION,” B5

Digital inclusion pushed for seniors LEADING digital solutions platform Globe Group sought to transform the digital landscape for Filipino seniors with its innovative “Teach Me How To Digi” #SeniorDigizen Learning Session on January 25 at the Sky Dome, SM City North Edsa. Gathering at least 220 senior citizens in half a day of enriching tech learning, the event was backed by some of the biggest brands in tech and retail, and by senior citizen advocates from the government. “It’s really very important that our senior citizens learn digital skills because in the future, a lot of services will truly become fully digital. We have to help the seniors

overcome their fear. And I guarantee you that once you try it, it’s going to be as easy or much easier than the old manual way,” said Ernest Cu, Globe Group president and CEO. “As digitalization accelerates, tech adoption should be simple and easy for everyone, no matter the age. Technology should not be intimidating or difficult for our seniors, and they should be able to enjoy its benefits. The goal of our #SeniorDigizens campaign is to equip them with knowledge that will help them adopt new tech and apps that address their day to day pain points,” said Yoly Crisanto, chief sustainability and corporate communications officer of the

Globe Group. The event featured learning sessions on digital skills: how to create a Gmail account to be facilitated by Google, a 101 course on using smartphones via Globe, and sessions on using fintech platform GCash and telehealth service KonsultaMD. Apart from hosting the event at Sky Dome, retail giant SM provided an opportunity for senior citizens to join the Super Grannies Club (SGC), the grandest Facebook community for seasoned individuals. As SGC members, participants gain early access to events, exclusive mall deals and updates on SM Cares programs. These

include health and wellness activities like Walk for Life, the award-winning Emergency Preparedness Forum, and community service programs that enable a fun, active and productive lifestyle for lolos and lolas. SM’s loyalty program SMAC, meanwhile, sponsored the event in SM Malls, as it is one with Globe in giving importance and joy to senior citizens. Globe’s #SeniorDigizens campaign promises not only to educate but also inspire a new generation of empowered seniors, ready to engage and connect in today’s rapidly evolving digital environment. More information is available at www. globe.com.ph.

GEMINI (May 21-June 20): Talk to experts, learn all you can and consider what’s valid and fits your plans. Have the confidence to follow through with your plans. Refuse to let anyone put you down or make you feel inadequate. ★★★

CANCER (June 21-July 22): Mingle, share thoughts and make plans with people who have something to contribute to reaching your goal. A change of plans will encourage an opportunity to learn, excel and share something magical with someone special. ★★★★★

LEO (July 23-Aug. 22): Implementing too much too fast will slow you down. Concentrate on one thing at a time, and you’ll put a dent in your to-do list. A partnership that offers excitement and temptation will weigh you down and lead to regret. Learn to say no. ★★★

VIRGO (Aug. 23-Sept. 22): Live and learn. Step into the mainstream and discover what’s available to help you advance. Network, share your thoughts and be ready to act. The changes you make will serve you well. ★★★★

LIBRA (Sept. 23-Oct. 22): Stay focused on your responsibilities. Refuse to let outside influences take over or manipulate your time and skills to serve their purposes. Protect what you’ve worked hard to achieve, and offer alternative solutions but not your time. ★★★

SCORPIO (Oct. 23-Nov. 21): Set the record straight, say what’s on your mind and move forward with gratitude and determination. Step outside your comfort zone if it will help you get the results you need to prove your point and get things done. ★★★

SAGITTARIUS (Nov. 22-Dec. 21): Rely on those who have never let you down. Question anything that might jeopardize your position or reputation. Poor behavior will change how others perceive you. Be a straight shooter, put truth and loyalty first, and live up to your promises. ★★★

CAPRICORN (Dec. 22-Jan. 19): Pay attention to detail; your work will far exceed any competition you encounter. Don’t brag about your accomplishments; if you proceed with confidence and determination, you’ll gain the respect and opportunity you deserve. Personal growth, physical improvement and romance are in your best interest. ★★★★

AQUARIUS (Jan. 20-Feb. 18): Take a moment to rethink what makes you happy and brings peace of mind. Expand your options to include laughter, learning and love, and you will enjoy and be grateful for what you create. ★★

PISCES (Feb. 19-March 20): Don’t limit your achievements. Be innovative and use your skills uniquely, and you’ll attract the people and opportunities that enable you to turn your goal into something tangible. Love and romance are in the stars, and putting your best foot forward will bring happiness. ★★★★★ BIRTHDAY BABY: You are optimistic, demonstrative and changeable. You are thoughtful and proactive.

‘universal freestyle 111’ BY ZHOUQIN BURNIKEL The Universal Crossword • Edited by David Steinberg/Anna Gundlach/Jared Goudsmit/Andrian Johnson

ACROSS 1 Traditional Chinese New Year gift 12 File that can be e-signed 15 Tea that’s black, surprisingly 16 Tool for loosening soil 17 Fluffy treat on a stick 18 Number of time zones in China 19 Dolphin’s home 20 ___ list (slate of chores) 21 “...but maybe that’s wrong” 23 “Yeah, sure!” 25 More cautious 27 Like done-up hair 30 Stimulates, as an appetite 31 Came to light 32 Sound effect in a well 34 Veers one way 37 Mulan actress Yifei 38 They’re often seen in slow motion 41 Greek consonant celebrated on 6/28 42 Ripped apart 44 Mediterranean or South Beach 45 Fails to mention 47 Set of moral principles

49 Des ___, Iowa 50 Paddled on a lake 51 Olivia of The Predator 52 Corporate rule 53 “Tap to pay” tech 55 Totally dominate 58 Sash for a yukata 59 Ranges for hunters? 63 ___ culpa 64 Transporters of valuables 65 Reaction to the cold 66 Traditional Chinese New Year performance DOWN 1 ___ Nation (Jay-Z’s entertainment company) 2 Winged love god 3 Palm fruit with an oblong pit 4 Necessitates 5 CARE or Mercy Corps, e.g. 6 Blew off steam 7 Disney park that showcases 11 countries 8 Element with the symbol Pb

9 “Geez, another problem?!” 10 Pea or milkweed seed holder 11 Pooh’s gloomy pal 12 Gives minimal effort 13 GoFundMe contributor 14 They’re below ankles 22 Cracker brand 24 Cold draft 26 “Hi there, fellow sailor!” 27 ___ and pepper 28 The Chicks, e.g. 29 “That’s just not true!” 32 Gladiator, for one 33 The Cavs, on scoreboards 35 Slalom course marker 36 Figure (out) 39 Bupkis actress Falco 40 “Just be patient” 43 Volcano in Sicily 46 Spanish island named for its comparatively small size 48 “That’s a shame” 49 Marsh bird, or a Toledo minor leaguer

50 Prefix similar to e51 Smaller than mini 52 Box office bust 54 Lily pad visitor 56 Gradually withdraw 57 DEA agent 60 Make a mistake 61 Write in a postscript 62 Beijing-to-Shanghai dir. Solution to today’s puzzle:

Show BusinessMirror

www.businessmirror.com.ph

Editor: Gerard S. Ramos • Friday, February 2, 2024

FROM left: Huey Lewis, Quincy Jones, Michael Jackson, Willie Nelson, Quincy Jones and Bruce Springsteen in a scene from The Greatest Night in Pop. PHOTOS FROM AP

HAPPY AND RICH

FOR a long time, the actress was with a man who had pedigree but no money and she was happy. But the reality of having kids in school (not her boyfriend’s but her exhusband’s) finally hit her. She not only had to provide for her kids but also her boyfriend. Eventually, they broke up. So the actress is now dating a rich man with ties to shady businesses. The man is definitely moneyed, and he dotes on her and is very generous to boot. The thing is that the man is married and has a feisty girlfriend. But the actress is happy so she doesn’t mind and she chose a better future for herself and her children. No regrets.

LOVE TRIANGLE

THE super rich man is rolling in it and just rolling around. In the past, he made an unwise investment, which turned out to be profitable but had legal encumbrances. The rich man bet on the wrong side and he lost. So now, he’s in hiding and his love life is in shambles. His longtime partner still lives with him but she’s also the mistress of a rich man. While she stayed with him in the past because of his money, these days she is with him more out of pity. She is rich in her own right and her new boyfriend is even richer. The super rich man and the girlfriend still live together but these days, it’s more like she’s just taking care of him for old times’ sake.

YEARNING FOR HIM

THERE was a time when this actress, who has a good girl image, got so drunk that she made out with a younger man. She had just broken up with her boyfriend but he wasn’t the reason she got drunk. She wanted to make another actor, who she is working with, jealous. Unfortunately for her, said actor is not interested as he is seeing a non-showbiz girl. Besides, she is not his type. He is more into younger women and she is beautiful and kind but no longer in his preferred age range.

WANTED: NEW JOB

EVEN before the recent disastrous events in his life happened, the actor already had issues with money. First, the pandemic affected the number of personal appearances, movies, TV shows, and endorsements he had. Second, his whole family and even his extended family depend on him. Thus, he now has to sell some of his properties. It’s also unfortunate that he can’t book new high-paying jobs again because of recent unfortunate events. It also doesn’t look like he will have any new jobs soon, based on public perception of him.

Reception... Continued from B4 de Ayala, who grows even more handsome through the years. Not far behind were Nestor Tan (BDO) and TG Limcaoco (BPI), who I also saw mingling with former Monetary Board (MB) member Peter Favila and son Paul (Citi Philippines). There appeared to be happy reunion of UP School of Economics graduates and professors led by the fearless former National Economic and Development Auhority (Neda) secretary Winnie Monsod, former Neda deputy director-general Florian Alburo, current Neda Secretary Arsenio Balisacan, and a less-stressed Berna Romulo Puyat, who, as BSP deputy governor, oversees the PalengQR Ph plus program, directed at the unbanked sectors in society. (Our group had lovingly bestowed on her the title “PalengQR Queen”.) The digital banking and payments stars were also present, led by Manish Bhai (Uno Digital Bank), Albert Raymund Tinio (GoTyme), and Simoun Ung (OmniPay). Newly appointed MB member Romy Bernardo was happily handing out his new calling card, to which I jokingly responded that he should be sharing his contact deets via QR code instead, you know, to help the environment. We’ve known RB since his days as Finance undersecretary, and even after that stint he has regularly shared his group Global Source Partners’ analyses on the Philippine economy. Of course, what I will miss most is RB being on Globe Telecom’s board, as he has provided an important lifeline in helping solve my internet connection issues. In his short remarks that night, Gov. Eli pronounced the banking system as “healthy” and “profitable” with “sound performance indicators.” He also appealed to the banking industry’s cooperation to continue helping the BSP in its job of stabilizing the economy. Foremost in the BSP’s reform agenda is “to further enhance our monetary policy framework by sharpening our research, our model, and nonmonetary tools; strengthen the way we conduct systemic risk oversight; deepen the country’s capital markets; and make the BSP sustainability initiative more meaningful by infusing it with an inclusion perspective.” He added: “The BSP has accomplished a lot in the last 75 years. None of these would have happened without the help of various stakeholders present here today. To the past members of the Monetary Board and BSP officers, we salute you for helping shape the BSP into the world-class organization that it is today.” n

Documentary on ‘We Are the World’ goes deep inside recording session of starry 1985 charity single

By Mark Kennedy The Associated Press

EW YORK—Thirty-nine years ago, the biggest music stars in the world crammed into a recording studio in Los Angeles for an all-night session that they hoped might alter music history. “We Are the World” was a 1985 charity single for African famine relief that included the voices of Michael Jackson, Willie Nelson, Bob Dylan, Ray Charles, Diana Ross, Stevie Wonder, Smokey Robinson, Paul Simon, Tina Turner, Dionne Warwick, Lionel Richie, Billy Joel and Bruce Springsteen. Fans get a chance to almost step into that recording session this month with the Netflix documentary The Greatest Night in Pop, a behind-the-scenes look at the complex birth of a megahit. “It’s a celebration of the power of creativity and the power of collective humanity,” says producer Julia Nottingham. “The amazing thing about the song is it’s such an inspiration for so many artists.” The filmmakers got fresh insights after landing interviews with Richie, Springsteen, Robinson, Cyndi Lauper, Kenny Loggins, Dionne Warwick and Huey Lewis—and for an added bonus spoke to them inside A&M Studios, the site of their triumph in 1985. “I knew it was important to recreate those memories by just sort of walking into that room and what that energy created for them,” said director Bao Nguyen, who was only two when the single came out. The filmmakers married never-before-seen footage taken from four cameras that captured the USA for Africa session with audio from journalist David Breskin, offering insight into the dynamics and drama in the room that the official music video could not. The Greatest Night in Pop isn’t shy about exploring some of the more unflattering things, like Al Jarreau having a bit too much wine and how Dylan was out of his element, needing Wonder to mimic how the Nobel laureate might approach his solo.

Lauper accidentally prolonged the recording session because her jangling jewelry fouled up the recording, while Prince, who was at a Mexican restaurant on the Sunset Strip, offered to do an isolated guitar solo. Sheila E confesses she felt like she was invited to the recording session just to lure Prince in. In the end, Prince never made it, robbing the single of a Jackson-Prince double punch. “For me, it was just important that we told a story that was honest,” said Nguyen. “It is an honest story about the night and all the things that could have gone wrong—that did go wrong—but at the end of the day, it became this beautiful family.” The details in the doc are glorious: the image of Joel kissing then-wife Christie Brinkley before heading into the studio, and the nugget that Springsteen drove himself to the location in a Pontiac GTO. Other highlights: watching singer-songwriter Joel explore an alternative lyric, the stars gathering around Wonder on a piano for the first run-through, and Richie, ever the ambassador, smoothing over potential disputes. There’s a moment when the 40-plus superstars are asked to groove from their knees and stop pounding their feet on the risers, which was throwing off the sound. Producer Quincy Jones tried to head off any hubris by taping up a sign: “Check Your Ego at the Door.” In an interview with the AP at the Sundance Film Festival, Richie recalled that having Charles there was helpful, since he was revered. The presence of Dylan also helped neutralize any griping. “We got the right players to come in. And then once we realized we were trying to save people’s lives, then it’s not about us anymore,” Richie said. “But to deliver that in one night? An impossibility.” The documentary anchors the effort in the activism of Harry Belafonte, who had raised the alarm about famine in Ethiopia, and having him in the studio singing “We Are the World” was poignant. The group—exhausted and giddy in the wee hours—also serenaded the legend with a spontaneous version of Belafonte’s “Banana Boat,” with the lyrics

“Daylight come and we want to go home.” It is revealed that Loggins suggested that Huey Lewis replace Prince in the solos, right after Jackson. No pressure, right? “It was just one line, but my legs were literally shaking,” Lewis recalls in the movie. There was a key moment when Wonder suggested that some lyrics be sung in Swahili, an idea that prompted Waylon Jennings to balk. The idea was scrapped when it was learned that Swahili wasn’t spoken in Ethiopia. There’s also footage of Bob Geldof, who was a driving force behind Live Aid, inspiring the group in a speech before the session. The Live Aid concert would happen that summer. The documentary also goes back to explore the events before the recording, like that song cowriters Jackson and Richie were still working on it 10 days before the recording session on January 28, 1985. Once in the studio, footage captures superstars—no assistants allowed—nervously hugging. “It was like first day at Kindergarten,” Richie says. The decision to pick that particular night to record the single was made in order to piggy-back off the influx of music royalty attending the American Music Awards, hosted by Richie, who performed twice and won six awards. The cream of the cream then made their way to the all-night recording session at A&M Studios. Lauper, who dazzled everyone with her vocal prowess, was almost a no-show. Her boyfriend counseled her to skip the recording because he thought the single wouldn’t be a hit. But Richie told her: “It’s pretty important for you to make the right decision. Don’t miss the session tonight.” Nottingham, the documentary producer, isn’t sure such a similar recording session with music superstars could ever happen these days, especially with ever-present social media and armies of assistants. “It was very ahead of its time in terms of it being the 1980s and technology. But I would hope it would serve as an inspiration for other artists to keep trying and do these things for great causes.” n

KOREAN MYSTERY DRAMA ‘WONDERFUL WORLD’ TO PREMIERE MARCH 1 ON DISNEY+

GMA Pinoy TV launches newest theme song ‘Global Pinoys’ GMA Network’s international flagship channel GMA Pinoy TV welcomes 2024 with its new theme song, “Global Pinoys,” which premiered recently in the weekly noontime musical variety show All-Out Sundays. The newest theme vividly captures the essence of how Filipinos celebrate and proudly promote Philippine heritage through diverse festivities organized and participated in by GMA Pinoy TV. From showcasing traditional folk dances like the “tinikling” and hosting pageants that celebrate world-class Filipino beauty to savoring streetside gastronomic delights, the new theme song beautifully portrays the rich tapestry of Filipino culture. It also pays homage not only to the excellence of Global Pinoys but also to the Filipinos’ unbreakable spirit and togetherness as a nation. The GMA Pinoy TV 2024 theme song will have a music video that showcases some of the country’s

biggest names in entertainment, news, and public affairs, led by Dingdong Dantes, Marian Rivera, Alden Richards, Jennylyn Mercado, Julie Ann San Jose, Barbie Forteza, Ruru Madrid, Mel Tiangco, Vicky Morales and Jessica Soho. In addition to featuring GMA stars, the song vividly captures the essence of how Filipinos celebrate and proudly promote Philippine heritage through diverse festivities organized and participated in by GMA Pinoy TV. The GMA Pinoy TV theme song, “Global Pinoys,” was performed on the All-Out Sundays stage by The Clash alumnus Jessica Villarubin and Garrett Bolden with global Pinoy guests from US, Canada, and UAE. “Global Pinoys” will be available for streaming on Spotify, iTunes, and other digital platforms beginning February 2. More information about GMA Pinoy TV is available at www.gmanetwork.com/international/ subscribe.

WHEN a professor’s son is killed without consequence, she will go to extraordinary lengths to exact her revenge in Wonderful World, a new Korean drama coming March 1 to Disney+. After a successful career that saw Eun Soohyun climb to the top of her field as a professor of psychology and a household name as a writer, she is brought crashing back to earth following the death of her son at the hands of others. Driven into a spiraling depression, Soohyun becomes consumed by one thought—revenge. Starring Kim Namjoo (Misty, Queen of Housewives) as Eun Soohyun, a successful professor suffering from depression following the death of her son; and Cha Eunwoo (True Beauty, A Good Day to be a Dog) as Gwon Seonyul, a medical school dropout who bonds with Soohyun over their similar traumas, Wonderful World is written by Kim Jieun and directed by Yi Seungyoung (Tracer, Voice 2). Wonderful World joins a whole host of award-winning Korean content now available on Disney+, including Moving, about a group of South Korean spies working to protect their super powered children from harm and exploitation at the hands of malicious government agencies; as well as The Worst of Evil, a fast-paced crime thriller that sees volatile police officer Park Junmo infiltrate a dangerous new gang in an attempt to bring them down from the inside; as well as an extensive library of APAC originals and beloved international movies and shows. Wonderful World can be streamed beginning March 1 on Disney+.

Friday, February 2, 2024

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PLDT AND SMART TOP PHILIPPINE QUILL, BAG BACK-TO-BACK COMPANY OF THE YEAR AWARDS

TEAM ENERGY AWARDED FOR BUSINESS COMMUNICATION EXCELLENCE TeaM Energy

LDT and Smart brought home a total of 28 trophies, including back-to-back Company of the Year citations, at the recently concluded 20th Quill Awards. Given by the International Association of Business Communicators (IABC) Philippines during its first face-to-face ceremony post-pandemic, the 20th Philippine Quill Awards recognized excellence in business communication, emphasizing its use to achieve goals and make a difference in the society. “The Company of the Year award is given to the organization with the most pioneering initiatives that are not only aligned with business objectives, but also leave an indelible imprint on the lives of a multitude,” said Kane Errol Choa, chair of the International Association of Business Communicators Asia Pacific Region

received two Quill Awards of Merit from the International Association of Business Communicators (IABC) during the recently concluded IABC Quill Awards. Recognizing excellence in communication, the awards highlight TeaM Energy’s 2023 calendar series which features the company’s dedication to corporate social responsibility and sustainable practices and TeaM Energy’s compelling short documentary on its water system installation project in waterless communities in Pagbilao, Quezon. These programs are a testament to the power firm’s commitment to sustainability, environmental conservation, and community development. Receiving the awards are Caros Roxas and Angela Rebueno, External Affairs Associates of TeaM Energy.

(IABC APAC). “We are humbled and honored for being recognized as Company of the Year for a second year in a row. This back-to-back recognition reinforces our commitment to sustaining strategic programs that benefit those who need them most, and initiate pioneering initiatives aligned to the business, leaving no one behind,” said Cathy Yang, FVP & Group Head for Corporate Communications, PLDT and Smart. PLDT and Smart received a total of 14 Excellence Awards for:

n Better Today for Kids n Better Today Power Move Project n Better Today Time Capsule Project n Buy Local, Buy Smart: E-newsletter Campaign n FarmSmart Farm; Innovation Generation n Innovation Generation n Project MOSAIC (Movement on Safeguarding And Internet safety of Children) n TNT Affordaloads; and n TNT Free Tiktok for All

PLDT & Smart Mind Your Health Program; n PLDT & Smart Pamana Service Awards n PH Digicon 2022: Boundless n PLDT Home’s #DoItBetter at Home n Bossing for the Win! by PLDT Global’s TINBO

The group was also recognized with 13 merit awards for programs and tools in the areas of brand and corporate communication, cybersecurity and data privacy, disaster resilience, diversity and inclusion, digital wellness and online child safety, education, employee engagement, and sustainability.

Emerging Aesthetic and Wellness Center elevates presence with opening of 11th clinic

MS. Krystal Tecson- Garalde, Dear Self CEO and Ms. Sai Evangelista, leads the new clinic’s ribboncutting event at SM MarketMall Dasmarinas

EAR Self Aesthetic and Wellness Center recent launched their 11th clinic in Dasmarinas, Cavite, and their inaugural branch within a mall establishment, SM Market Mall. The Tecson Siblings, the family that owns this chain of aesthetic and wellness centers, is thrilled to commence clinic operations and cater to all Caviteños with accessible yet premium treatments and services. “We are thrilled that the best is yet to

come. For we believe that nothing is more surprising than bringing out the best version of ourselves. Join us in this unfoldingto be bold, beautiful and best. Thank you for sharing this momentous event with us,” Krystal Tecson-Garalde, Chief Executive Officer of Dear Self Aesthetic and Wellness Center mentioned in her speech during the ribbon cutting ceremony. Top brand management, clinic staff, family and friends attended this momentous event last January 13, 2024.

Tecson-Garalde stressed the value of collective efforts, passion and dedication in achieving this milestone. Moreover, she emphasized the importance of creating a safe place for clients and employees as well, which helps Dear Self become one of the trusted brands in the metro when it comes to aesthetics and wellness. “We also take a beautiful walk through our next pages of success for we see the beauty in helping and making our employees and clients realize the path not only to self-care but also to self-love,” TecsonGaralde mentioned. Dear Self Aesthetic and Wellness Center is relatively one of the newest players in the industry. They will celebrate their fourth year this 2024 but they have already achieved a great deal. They took a major risk when they started running the brand during the pandemic. Kenneth Tecson, Chief Marketing Officer of Dear Self, strongly believes that the brand’s business values and the people who started it created a wide chance to achieve this success. “At the core of Dear Self Aesthetic Center lies a dedication to encouraging self-love, with a firm belief in the unique individuality of each person. Our aim at Dear Self is to instill in all of you the confidence to recognize and appreciate the incredible individuals you are, encouraging the embrace of your beauty from the inside out,” he said. On the other hand, brand optimization has been part of their campaign in 2023 which, according to Dear Self ’s Chief Financial Officer was a challenging year.. “Last year was a difficult one for us. It was two months ago when we opened Dear Self ’s next chapter. No one knew and understood what it was all about when we relaunched the brand. Pero today I am very proud that Dear Self is going inside SM, level up na tayo!” he proudly expressed. The new Dear Self Aesthetic and Wellness Center branch is located inside the new SM Market Mall, first public-private partnership between a City Government and SM Prime Holdings that features a vertical wet and dry market development complemented by mall facilities.

Angkas upholds commitment to Sinulog festivities with seamless transport services

OTORCYCLE taxi company Angkas threw its support behind this year’s Sinulog festiv ities to ensure that both locals and tourists still have a good transportation experience in Metro Cebu amid the expected heavy traffic during the occasion. As early as January 14, the firm’s booths were stationed across the city to aid new and existing users in navigating their apps in anticipation of the Sinulog Festival Celebration slated last January 21. The annual cultural and religious event on the third Sunday of January, commemorates the arrival of the Sto. Niño in Cebu, marking the beginning of Christianity in the Philippines. This is not the first time that Angkas got involved in one of the oldest and most prolific festivals showcasing the country’s culture and creativity. Last year, it was the official transport partner of the festival, wherein it rolled out over 1,000 riders to provide free rides to Sinulog goers for a seamless trip.

“We’re truly grateful for the opportunity to help alleviate the commuting challenges faced by festival goers during one of Cebu’s most important events,” said Angkas Chief Executive Officer George Royeca. Together with telecommunications giant Smart, booths were activated and roving trucks were dispatched in local partner destinations to ferry the tourists, as a P25 off voucher for future Angkas rides and Smart freebies were given to guests. The company also worked with Cebu Pacific to welcome arriving tourists at the Mactan Airport. Additionally, partner hotels such as Waterfront and Bai Hotels hosted booth activations for interested guests. Angkas distributed merchandise and goodies, including whistles and fans, complementing the Sinulog celebration. Its riders also tagged along pre-festival events such as the January 11 Walk with Jesus and the January 14 Parade of Sinulog sa Kabataan.

CELEBRATE the day of hearts with the “Vubble Pod Embrace,” an enchanting Valentine’s Day package featuring Hilton Manila’s signature air-conditioned glass pods.

Hilton Manila orchestrates ‘Sweet Serenades,’ a Symphony of Passionate Valentine’s Day Experiences

ILTON Manila invites couples to sweeten their Valentine’s Day celebration with its enchanting Sweet Serenades promotion on February 14, 2024. The premier hotel located in the Newport World Resorts complex unveils three exciting offers for lovebirds looking to pamper one another. For an intimate escape, the “Sweet Indulgence” package includes a captivating overnight stay in a Pool View Executive Room, made more special as couples indulge in a sumptuous six-course set dinner on their private balcony, featuring the star of the evening – the exquisite Beef Wellington. Couples will be served by an in-room butler and be serenaded by a live string duo performance from the Poolside. Available from February 13 to 15, 2024, the exclusive package at P30,000++ also includes a bottle of sparkling wine, a bouquet of 12 stem roses, and a special welcome amenity for the couple. For those who prefer more privacy, the “Vubble Pod Embrace” is an enchanting Valentine’s Day package featuring Hilton Manila’s signature air-conditioned glass pods. Couples can indulge in a decadent six-course dinner, featuring Executive Chef Lord Bayaban’s scrumptious Beef Wellington, within the

privacy of the Vubble Pod, accompanied by a live performance of a string duo. At the rate of P28,000++, this package also includes a bottle of champagne, 10 Polaroid shots as mementos, a bouquet of 12 stem roses, and personalized butler service to make Valentine’s Day celebrations between February 13 to 15 truly special. For a delightful culinary journey, Kusina Sea Kitchens presents “Cupid ’s Culinary Extravaganza,” a Valentine’s Dinner Buffet on February 14 priced at P3,000++ per person. The delectable international buffet spread includes sumptuous offerings such as salted crust barramundi fish, herb-roasted chicken, and specially crafted Valentine desserts accompanied with free-f lowing beverages. In addition to that, women will receive a beautiful rose, adding a touch of elegance to the evening. Make this Valentine’s Day one to remember with Hilton Manila’s Sweet Serenades, where upscale, enticing, and romantic experiences await. For inquiries and reservations, please call +63 2 7239 7788, send an email to MNLPH_F&Binquiries@hilton.com or visit https://www.hilton.com/en/hotels/mnlphhihilton-manila/.

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

Malixi trails Thai, Taiwanese by 3 in As-Pac first rd

IANNE MALIXI banked on a solid start from the backside to card a 70 and trail Thailand’s Navaporn Soontreeyapas and Chinese-Taipei’s Chun-Wei Wu by three strokes after 18 holes of the Women’s Amateur Asia-Pacific Championship at the Siam Country Club in Pattaya, Thailand, Thursday. Malixi sizzled with back-to-back birdies from No. 10 where she teed off with Korean world No. 4 Minsol Kim and India’s Avani Prashanth then birdied the par-five 18th to go threeunder and keep Soontreeyapas and Wu within sight. But she bogeyed No. 3 against a run of pars as she turned in a 37-33 to slip to provisional joint 10th with 13 others, including Kim, who put in a 36-34 card. Soontreeyapas took the spotlight in the opener of the sixth edition of the region’s premier championship as she spiked her 33-34 round with an ace on the 150-yard No. 7. She gunned down five birdies against two bogeys to share the clubhouse lead with Wu. “I’m so excited and it’s very good,” said Soontreeyapas of her fiery start. “Yeah, I think I can win,” added Soontreeyapas, seeking to become the third Thai to win the coveted crown after now LPGA stalwart Atthaya Thitikul, who ruled the inaugural staging in 2018 and Eila Galitsky last year. But Wu matched her 67 with late birdies on Nos. 15 and 16 for a 34-34 as the duo grabbed a one-stroke lead over Pimpisa Rubrong, also from Thailand, Chinese Yahui Zhang, Kiwi Amy Im and Prashanth, who all carded 68s, while Korean Seojin Park fired a 69 for joint seventh with Aussie Justice Bosio with half of the starting 90-player field still to complete play at presstime. Galitsky had a one-under card after six holes at the front. Alethea Gaccion also put in an impressive start in the event which stakes invitations to three major championships to the winner, posting a 71 for a share of 22nd, that included Shinchi and eight others. A grand finalist in last year’s Junior Philippine Golf Tour inaugurals, Gaccion mixed two birdies with the same number of bogeys at the front then matched the International Container Terminal Services Inc.-backed Malixi’s birdiebirdie feat from No. 10. But she dropped shots on Nos. 13 and 15 before recovering at the finish with a birdie on No. 17 to save a 36-35. Anya Cedo, however, wavered after a birdie on No. 7 as she bogeyed the next two holes and yielded two strokes on the par-4 17th to end up with a 75. Meanwhile, Junia Gabasa had a one-over card after five holes at the back, Grace Quintanilla went on a par-bogey-par start, also from No. 10, and Nicole Abelar reeled back with three straight miscues from No. 13 with nine holes to play.

Sports BusinessMirror

SMB-Magnolia classic duel up By Josef Ramos

HE stage is set for the San Miguel Beer-Magnolia Philippine Basketball Association Finals with the Hotshots hoping to get back at the at the Beermen who prevailed in both instances when they last faced each other in a championship series. The coaches of both sides vowed their wards are in harness for Game 1 of the best-of-seven series set Friday at the Mall of Asia Arena. “We will be ready,” Magnolia’s Chito Victolero told Thursday’s pre-Finals press conference at the Richmond Hotel in Eastwood on Thursday. “This series will be exciting and a classic—it’s a must see.” “We’re positive about it [series] and we’re going to really try our

best to get the championship,” San Miguel Beer’s Jorge Gallent said. The Beermen foiled the Hotshots two in a row in the Philippine Cup in 2018 (4-1) and 2019 (4-3) but with generally different rosters. San Miguel Beer was coached them by Leo Austria, now a team consultant, and had Alex Cabagnot and Arwind Santos, who were instrumental for the team’s five straight all-Filipino championships. Now, the Beermen have Don Trollano, Mo Tautuaa, CJ Perez, Vic Manuel and Terrence Romeo. Magnolia, on the other hand, has Calvin Abueva, big man James Laput, Abu Tratter, Joseph Erioubu, David Murrell, Aris Dionisio and guard Jerrick Ahanmisi. The Hotshots are entering the Finals coming off a 3-1 semifinals

victory over the Phoenix Fuel Masters while the Beermen went 3-0 over the Ginebra Gin Kings in their side of the battle. “I think we are used to that,” said Victolero on his wards failing to sweep the semifinals. “It’s all about mindset. If your mind says you are tired, then that will show.” “But my players are used to playing every other day, we are used to that kind of situation,” he added. Magnolia stuck with Tyler Bey in the entire conference where he churned in efficient numbers of 27 points, 14 rebounds, 2.2 assists and 2.3 steals in 16 games. Mark Barroca and Paul Lee are in their best element, too, with 13.4 and 11.6 points averages, respectively. Jio Jalalon’s 10.9 points, 5.1 rebounds and 5.4 assists in 16 games will also be a big threat to

San Miguel Beer’s backcourt, with Abueva who was on medical leave expected to contribute more than the 8.4 points and 5.4 rebounds averages in the seven games he played in the Commissioner’s Cup. “In terms of condition, this team is full of professionals and they know what to do,” Victolero said. San Miguel Beer changed its import thrice—from Tyler Stone to Ivan Aska and finally former Indiana Pacers Bennie Boatwright, who’s been dominant with 35.6 points, 12 rebounds and 3.4 assists in seven games. Gallent of course has seven-time Most Valuable Player June Mar Fajardo, who’s deadly with averahes of 16.3 points, 11.3 rebounds, 3.0 assists and 2.8 blocks in nine games after recovering from a fractured right hand.

COMMISSIONER Willia Marcial (white polo) is flanked by the Commissioner’s Cup Finals protagonists— coaches Jorge Gallent of San Miguel Beer and Chito Victolero of Magnolia along with their team managers, Robert Non and Rene Pardo, and some of their key players.

Asiad gold supreme, unifying–MVP

TOP sports patron Manuel V. Pangilinan describes 2023 as a golden year for Philippine sports.

ILAS Pilipinas winning back for the country the Asian Games men’s basketball gold medal in October last year was a supreme and unifying moment, according to PLDT Chairman, President and CEO Manuel V. Pangilinan. “That was a supreme and unifying moment, not just for Philippine basketball but for our country as

well,” Pangilinan said in his speech as he received the Executive of the Year award he shared with San Miguel Corp. (SMC) President and CEO Ramon S. Ang during the SMCPhilippine Sportswriters Association Annual Awards Monday at the Diamond Hotel in Manila. “It was a proud moment for our people—to be Kings of Asia again– and to do it in China for better measure,” Pangilinan added. It was the second time that Pangilinan was given the prestigious award that underscored his massive contribution to Philippine sports development. “This award is truly special for me. But accepting this with Ramon Ang just made it extra special,” he said. “We cooperated in forming and sending a new Gilas Pilipinas team to Hangzhou, which brought home the crown of Asian basketball.” The PSA also recognized the

Samahang Basketbol ng Pilipinas and outstanding athletes who are supported by the MVP Sports Foundation (MVPSF), among them 2023 Athlete of the Year Ernest John “EJ” Obiena, Gilas Pilipinas, the women’s national football team or Filipinas and Carlos Yulo. Pangilinan looked back at the milestones that happened in 2023 which he called a golden year for Philippine sports. “The FIBA Basketball World Cup last year was of course an apex moment for the country,” he said. The Philippines took center stage to the world. A staunch advocate of sports development, PLDT, Smart and the MVPSF have launched dozens of initiatives to support athletes— from the grassroots to collegiate, amateur and professional level— producing Olympians, medalists and world-class athletes. “We support sports because it

has a mysterious unifying power, whose roots can be deeply spiritual— because sports celebrate values such as fair play, discipline, and hard work—as well as being magnanimous in victory, humble in defeat,” he said. Pangilinan also acknowledged the important role that sports-loving Filipinos all over the world played in making 2023 memorable. “Ask any of our athletes. Ask them what it feels like to walk into a stadium in Seville or Beijing, and hear cheers in the language of our people,” said Pangilinan, alluding to the many occasions when Filipino fans showed up in China, New Zealand, Middle East and in the home court during various events where the national team played. “Watching them play together, our regional loyalties dissolve—and the Filipino identity coalesces into a single team, into a single word—Team Philippines, and puso,” Pangilinan said.

Journalists misbehave in Africa Cup

JUNIOR campaigners (foreground, from left) Shinichi Suzuki, Vito Sarines, Patrick Tambalque, Ryuji Suzuki, Mona Sarines, Precious Zaragosa and Lisa Sarines pose with the Team International Container Terminal Services Inc. ladies (from left) Dottie Ardina, Princess Superal and Pauline del Rosario.

Junior golfers reflect on TCC experience FOR some of the country’s junior golfers, the recent competitive showdown between seasoned pros Tony Lascuña and Miguel Tabuena at The Country Club (TCC) Invitational provided a rare and invaluable experience. Javier Bautista, a grand finalist of the inaugural Junior Philippine Golf (JPGT) Tour last year, considered himself particularly privileged. Not only did he watch the final 36 holes of the intense competition at the windy TCC course, but he also had the opportunity to engage in conversations with Lascuña and Tabuena, gaining invaluable insights into the game. “I feel very privileged to have the opportunity to watch all the top pros

Friday, February 2, 2024 B7

and really see how they play up close,” Bautista said. As an 11-12 age-group competitor, Bautista highlighted the learnings he had gathered, which he aims to showcase when the JPGT unveils its second season in May. Other JPGT mainstays who observed the final round of the P6 million championship included Shinichi Suzuki, Vito Sarines, Patrick Tambalque, Ryuji Suzuki, Mona Sarines, Precious Zaragosa and Lisa Sarines. Suzuki also expressed delight in watching the pros play. “It was fun, I enjoyed watching the thrill and pressure from the pros. I can clearly see their fighting spirit and the way they planned each and

every shot,” Suzuki said. Reflecting on the experience, Bautista underlined the variables at play in golf, especially in challenging conditions like those at TCC. He admired the pros’ decision-making and strategic course management given the harsh conditions. He also marveled at the pros’ ability to change almost effortlessly, crediting it to their experience on diverse fairways and in various weather conditions. “In my mind, there were a lot of variables to be considered. I see them changing clubs and making decisions so easily,” Bautista said. Apart from Lascuña, Bautista found motivation in Tabuena’s performance.

BIDJAN, Ivory Coast—The International Sports Press Association (AIPS) has condemned journalists’ “deplorable” behavior at the Africa Cup of Nations after several incidents including fighting and celebrating in the stands. “Being a journalist means behaving properly, and above all, exercising restraint. Certain behaviors are simply unworthy of a profession as noble as journalism,” AIPS said in a statement Wednesday. Many accredited reporters covering this edition of the Africa Cup have been wearing their national

team jerseys and vocally supporting their teams during games, loudly celebrating any goals or victories. An Ivorian with press credentials was filmed dancing shirtless after the team’s win on penalties over Senegal. There have also been frequent arguments among media rushing to get on buses to and from games, their patience thin because of chaotic organization and frequent changes to announced schedules. Some arguments around matches were also reported— between Guinean and Senegalese journalists before their nations’ group game, and between

CAPITAL1 Solar Energy owners Milka (left) and Mandy Romero.

Capital1 Solar bares initial roster for PVL All-Filipino tilt

MIX of young and veteran players make up Capital1 Solar Energy in its much-awaited debut in the Premier Volleyball League (PVL) All-Filipino Conference which opens shop on February 20. Former Far Eastern University star Heather Guino-o and Jannine Navarro, who helped power College of Saint Benilde to the National Collegiate Athletic Association championship in 2016, will lead the Solar Spikers. Young Solar Spikers owners Mandy and Milka Romero and comebacking champion coach Roger Gorayeb are also pinning their hopes on former De La Salle player Arianne Layug, National University’s Jorelle Singh and University of the East’s Janeca Lana for added offense. The Romero sisters—coming from a sports-oriented family—are convinced their players will go out each game to prove their worth. “This will be a good opportunity for them to shine and be recognized so we are giving our all-out support to the team,” said Mandy, who heads the family-owned solar energy company. “My sister and I are hoping we can grow together in support of Philippine sports, especially volleyball.” Milka said: “We are not in a hurry, we take it one step at time until we build a winning culture. That’s our goal.” An added excitement to the Romero sisters is Gorayeb’s humor to the game, being one of the country’s well-decorated and respected coaches. “They long for playing time, so they have this great desire to win games,” Gorayeb said. “Watch out for these girls.” The other members of the team are Rovee Instrella, Renesa Melgar, Sydney Niegos, Lourdes Clemente, Shyra Umandal, Cathrina Dizon, Kath Villegas, May Macatuno, Jel Quizon, Rica Rivera, and Bingle Landicho. Five more players, including three veterans, will reinforce the Solar Spikers before the flourishing pro league begins.

Moroccan media and South African representatives during their teams’ match on Tuesday. “Between pitched battles, attacks, invectives, it is a distressing spectacle that certain colleagues have been delivering to the world since the start of CAN 2023,” AIPS wrote, referring to the Africa Cup by its French acronym. “The media work spaces [press gallery, mixed zone, conference room] have been transformed into a boxing ring, or even simply transformed into a dancefloor or performance zone hosted by media badge holders,” it said. The association called for national member associations to work more on “training and capacity building” of journalists regarding their coverage of sporting events.

No betting on Taylor Swift appearing at Super Bowl

TAYLOR SWIFT kisses boyfriend Kansas City Chiefs tight end Travis Kelce. AP

AS VEGAS—Fans have been wondering for days whether Taylor Swift will make it to the Super Bowl next week to cheer on boyfriend Travis Kelce and the Kansas City Chiefs and, if so, how many times she’ll show up on TV during the game. They can speculate all they want, but they won’t be able to bet on it legally in the United States. Those types of wagers can be made offshore with sportsbooks such as BetUS, which is based in Costa Rica, and potentially in the Canadian province of Ontario. BetMGM public relations manager John Ewing said he was waiting for word from Canadian authorities there if such bets will be OK. But in the US, where betting laws vary from state to state, the general rule is that wagering is limited to what happens on the field. A handful of states allow bets to be placed on the color of Gatorade dumped on the winning coach—red or pink is this year’s plus-260 favorite at FanDuel Sportsbook—but even that type of wager is not allowed in Las Vegas. AP

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B8 Friday, February 2, 2024

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SUZUKI PHILIPPINES BRINGS IN THE NEW Story & photos by Randy S. Peregrino

UZUKI Philippines (SPH) has recently concluded the hype and the long wait w ith the officia l launch of the New Jimny 5-Door version. Several years after the compact off-roader’s latest generation made an impact during its global debut, the Japanese compact automaker introduced the longer and rear passengerfriendly version. SPH claims that the New Jimny 5-Door is “Paving the Way for a New Era in Filipino Adventure”. No less than Suzuki Philippines president Koichiro Hirao expressed his excitement about the new evolution of a beloved icon and added that the Jimny has become a symbol of adventure and innovation for Filipinos. “The Jimny, deeply rooted in a rich heritage, stands as a testament to Suzuki’s commitment to excellence. Its popularity is not just a testament to its past glory but a promise of exciting journeys ahead.” For his part, Suzuki Philippines Director and General Manager for Automobile Division Norihide Takei emphasized that Jimny is a lightweight, compact, authentic off-road vehicle capable of conquering diverse terrains. “Get ready for an incredible journey and experience the beauty of places yet undiscovered that ‘Nobody but Jimny’ can bring you.”

JIMNY 5-DOOR

THE New Jimny 5-Door version in exclusive Sizzling Red MetallicBluish Black Pearl two-tone color

luggage area lamp and the removal of the toolbox for simplified loading and unloading. Like the threedoor model, the luggage area has an accessory socket.

Safety and performance

DARK themed interior for ruggedness and minimal distraction

RETAINED KB15 1.5-liter gasoline engine

Two more doors for more space

AFTER earning global recognition for its new and eye-catching boxy appearance denoting better situational awareness, the new five-door version has positively impacted enthusiasts and enhanced the vehicle’s established off-roading character. Now, with a longer 2,590mm wheelbase (340mm longer than the threedoor version), the vehicle’s total length increased to 3,820mm. The main design highlights are the upright A-pillars and flat clamshell bonnet, unique fiveslot chrome-accented front grille design, and round headlamps. Of course, there is the front windshield with improved visibility and the side window’s dipped lines extending side visibility from the side. Moreover, those extended

wheel flares complement the 15inch dark metallic alloy wheels well.

Dark with minimal distraction

INSIDE, the dark theme conveys minimal distraction. The dashboard has that Spartan look,

precisely what a rugged interior should look like. Its instrument panel and surrounding parts have that nice and cool-grained finish with all the dial and toggle switches clustered in the center panel. Of course,

the nine-inch capacitive touchscreen infotainment is equipped with an offline GPS navigation system and off-road audio guide apart from other connectivity functions. Those horizontal lines on the

Lexus tops luxury segment; TMP pays ₧6B in taxes “I thank you for your tremendous support in covering our first-ever GR Festival attended by Morizo himself. Due to your efforts, the word has gone out to the Toyota universe that Filipinos love cars. To this day, Morizo is all smiles when he recalls his visit to Manila last year.

LFRED V. TY, chairman of Toyota Motor Philippines (TMP) and Lexus Philippines, revealed during the recent Media Thanksgiving gathering at the Grand Hyatt BGC that TMP paid P60 billion in 2023 taxes, in that 2024 will see the revival of the iconic Tamaraw. Here is his speech: “2023 was a remarkable year and all of you were very much a part of making that possible. Your partnership and friendship have been essential to the recovery story of the auto industry and the resurgence of the FUN TO DRIVE spirit. “O n t he o c c a s ion of ou r 35th year anniversary, we were

fortunate to have President Ferdinand Romualdez Marcos Jr. visit our Sta. Rosa factory. Mr. Akio Toyoda and I hosted him during his visit, and we were very encouraged by his high level of interest in our operations. In fact, PBBM mentioned that he felt like he was visiting an automotive factory in Japan, given the level of quality he observed. “On the same day, the First Lady, Liza Araneta Marcos, graced our unveiling of the next generation Tamaraw. She was very excited about the opportunities that the Tamaraw presented in meeting the mobility needs of Filipinos, especially MSME’s.

Recovered

“FRIENDS, the industry is now officially fully recovered from Covid. Total sales of 430,000 units in 2023 has topped the 410,000 of 2019. This is wonderful news because the auto industry is such a major contributor to and enabler of the economy. The recovery of the auto industry signals the return to motorization that was waylaid by the pandemic. “Last year, TMP paid a total P60 billion in taxes. We are happy that we can once again help drive nation-building. Of course, I am also pleased that Toyota continues to be the country’s most popular car brand for the 22nd consecutive year now.

“I am also very happy that we set a new all-time sales record in 2023, with sales shattering the 200,000unit barrier. I am humbled to have touched the lives of so many Filipinos and, in our own little way, have helped moved their world. “I am very encouraged, too, that the luxury market continues to grow. In 2023, the market expanded by 37 percent to 4,396 units with the share of Lexus climbing to 42 percent. What this tells me is that the Filipinos are on their way to a higher quality of life and standard of living, in line with the government’s goal of making the Philippines an upper middle-income society.

Tamaraw

“THE big story in 2024 is the planned introduction of the Next Generation Tamaraw. T his is very much aligned with the program of government to expand manufacturing activity in the Philippines…it will create jobs, support local parts makers and provide MSME’s with a viable and sustainable mobility solution for

instrument panel and vertical lines in the meter cluster and center console panels assist the driver in gauging the vehicle’s angle during off-road driving. The rear seat has undergone enhancements, featuring thicker cushions to provide better seating posture and comfortably accommodate two adults. Positioned directly above the rear passengers are seat lamps for illumination. In contrast, the back seat power window switches are conveniently located in both the rear doors and the front console box for easy control from both rows. The extended wheelbase of the five-door model has resulted in an expanded luggage area. With the luggage box from the three-door model removed, the area’s lowered floor height and increased depth now offer up to 211 liters capacity (with the rear seatback raised). Other enhancements include a their businesses. “Your support in championing this game-changing model will also champion the cause of a better life for Filipinos. “Electrification will be a continuing tale to tell. Our fight for carbon neutrality is gaining ground with sales of our hybrids and Lexus RZ BEV, increasing their representation in our line-up to 3.6 percent from 1.2 percent in 2022. “One of our pioneering initiatives was the launch of a digital solution to enhancing the quality of ride sharing in the Philippines. We piloted this initiative with the Department of Transportation, point-to-point bus lines and even private companies. To-date, we continue to operate a fleet of about 50 corporate shuttles under the ‘myTOYOTA Shuttle PH’ app.

Shuttle

“RECENTLY, we also launched our Toyota Community Shuttle Program in Santa Rosa and Pasay City as an expanded pilot program. Called ‘Libreng Sakay,’ this will run for a period of one year. “We expect that this will help unlock new mobility opportunities that will benefit Filipinos

SAFET Y is paramount in the New Jimny 5-door GLX variant, featuring SRS front airbags for both the driver and seat passengers and side airbag and curtain airbags for occupants in both the front and rear seats. Additionally, the vehicle has a reverse parking camera and sensors as standard features. Other safety features include Suzuki’s Total Effective Control Technology (TECT), antibrake lock system, brake LSD traction control, hill hold control, hill descent control, and brake assist function. Retained is the K15B series1.5liter naturally aspirated gasoline engine generating 101 hp at 6,000 rpm and 130 N-m of maximum torque at 4,000 rpm. Available in four-speed automatic and fivespeed manual transmissions, both 4x4 drive trains are equipped with Suzuki’s ‘All Grip Pro’ off-road function and part-time 4WD with low-range transfer gear. True to its off-roading DNA, the Jimny 5-Door utilizes a ladde r f r a me — pro ve n st u rd ie r than a monocoque body to torsion built. Further, it has a longstroke, three-link suspension and rigid full-wheel front and rear axles for solid traction on uneven terrains. Another impressive element is the vehicle’s 37-degree specialized approach angle, 28-degree ramp breakover angle and 49-degree departure angle for easy maneuvering over ridges and verticals.

Pricing and colors

THE base variant GL MT retails at P1.558 million, while the GLX AT is at P1.698 million. The special edition two-tone GLX AT is priced at P1.708 million. As for the colors, the monotone options for the GL and GLX variants include Jungle Green, Celestial Blue Pearl Metallic, Arctic White Pearl, and Granite Gray Metallic. The GLX Two-Tone variant, on the other hand, is available in Sizzling Red Metallic-Bluish Black Pearl and Chiffon Ivor y Metallic-Bluish Black Pearl. everywhere. I am quite excited with the positive feedback we are receiving so far. “Since we established TMSPH, we have grown our portfolio of mobility solutions. We established a rent-a-car operation. We are also overseeing vehicle fleets of various companies as part of our fleet management business. And the growing interest in vehicle leasing is really encouraging. “On the CSR front, I am happy that our TMP Tech School is now back to full operations following Covid. At the end of 2023, we have a population of 667 students and we dispatched 38 graduates to Japan. “Again, thank you everyone for being with us tonight. Let us cherish the past, create the future, but let’s not forget to always celebrate the moment. Please enjoy the party.”

PEE STOP Raymond T. Rodriguez is still euphoric for hosting a record 220 Lexus owners during the Lexus Invitational Golf, celebrating at the same time 1,843 units sold in 2023 as Lexus officially became the country’s No. 1 in the luxury segment. Cheers!