BusinessMirror July 08, 2022

Withto6%fixMay jobless rate, ‘creating workdream vital’ PHL weak spots in path to $500-B PHL to fix weak spots in path to $500-B dream B A ByS Cai U. Ordinario B A C S A @caiordinario Bloomberg A News C

PE P

Bloomberg News

FFORTS to incoming attract more HILIPPINES’S ecoinvestments are crucialArin nomic planning secretary HILIPPINES’S incoming ecosenio Balisacan plans to bolproviding jobs to millions nomic planning secretary Arster thesenio economy’s weak spots of Filipinos who are unemployed Balisacan plans to as bolhe targets least 6-percent annual the ateconomy’s weak spots as orster looking for better employment growth throughout the term of Preshe targets at least 6-percent opportunities, according to annual local ident-elect Ferdinand the Marcos Jr. growth throughout term of Preseconomists.

The next Ferdinand administration ident-elect Marcosmust Jr. On Philippine boost investment in the agriculture and Th eThursday, next administration must Statistics Authority reported manufacturing and build infrastrucboost investment in(PSA) agriculture and ture to2.93 grow the and economy between that million Filipinos are unmanufacturing build infrastruc6-8 percent annually to million 2028,between Baliture to grow the6.67 economy employed while are sacan in an interview Wednes6-8 said percent annually to 2028, Baliin May. underemployed day. sacan in an interview The said PSA thatoutput thisWednestransFarm and noted industry curday. lated to an unemployment rate of 6 rentlyFarm account less than 40 perandfor industry output curand underemployment rate percent cent of gross domestic product, while rently account for less than 40 perofcent 14.5ofpercent in May 2022.

In May gross domestic product, while last year, unemployment was at 7.7

ROTARY CLUB OF MANILA JOURNALISM AWARDS

services contributes the majority.

“I wouldcontributes like to see those weakest services the majority. points“Ias the priority of the adminiswould like to see those weakest tration,” said 64-year-old, who’s points as thethe priority of the adminiscurrently of the nation’s tration,”chairman said the 64-year-old, who’s antitrust commission. currently chairman of the nation’s Consistently growing at the rate antitrust commission. of 6 percent for sixgrowing years will make Consistently at the rate Philippines a for half-a-trillion dollar of 6 percent six years will make economy, according to Bloomberg Philippines a half-a-trillion dollar calculations. economy, according to Bloomberg The nation’s first-quarter expancalculations. sion of percentfiis already among Th8.3 e nation’s rst-quarter expanAsia’s thanks istoalready the reopensionfastest, of 8.3 percent among “I think it is not yet too late for our current ingAsia’s fromfastest, the pandemic.

Marthanks toStill, the reopenadministration.

Allimmediate they need to do is focus cos’s challengingteam fromfaces the pandemic.

Still, Maroncos’s bringing in our much-needed investments es: infl ation is at its fastest in three team faces immediate challengyears, budget has widened and employment opportunities es:prioritize infl ation isdefi at cit its fastest in three and the global outlook hashas dimmed. over revenue generation.

Revenue years, budget deficit widened Still, said generation will follow once the investments are and theBalisacan global outlook haseconomy dimmed. can by are at least 7 percent Still, Balisacan said the hereexpand and people employed.”

Deeconomy La this Salle can expand by at least percent University economist Maria7Ella Oplas this

year, within official growth estipercent andthe underemployment was mate, riding the from the year, within the official growth estiat 12.3 percent. recovery record contraction in 2020 from due tothe mate, riding the recovery “I think it isHenot yethetoo for therecord pandemic. said willlate push contraction in 2020 dueAllto ourmore current administration. for targeted support measures the pandemic. He said he will push need to do isburden focus on the bringing tothey easemore inflation’s poor for targeted support measures intoour much-needed investments while ensuring “tight” government ease inflation’s burden on the poor fiand nances are managed properly. prioritize employment opporwhile ensuring “tight” government canover achieve moreproperly. with less,” fi“We nances are managed tunities revenue generation. he said, thatwill a review and “We adding can achieve more withonce less,” generation follow Revenue streamlining of benefi ciaries are he said, adding that a review and investments are here andcannot peopleafare needed.

The nation streamlining of also benefi ciaries are employed,” Denation Lacertain Salle University ford removal needed.

The of also taxes cannotonafeconomist Maria Ella Oplas told goods proposed some sectors, ford asremoval of by certain taxes on he said. the BusinessMirror. goods as proposed by some sectors, heOplas said. said it was unfortunate Experienced economist that the President vetoed House Bill BALISACAN willeconomist draw from his exExperienced (HB) 7575 creating the Bulacan Airperience in crafting a newfrom economic BALISACAN will draw his export City Special Zone. development plan. Economic Before taking perience in crafting a new economic her these kinds of Indevelopment helm of view, the antitrust body, heprojects served plan.

Before taking would have created much-needed helm of the antitrust body, he served jobs for Filipinos—something es-

as economic planning of pecially crucial at thissecretary time, when the late president Benigno Aquino as economic planning secretary those looking for decent jobs or jobsof from 2016. Benigno Aquino the2012 late to president that offer higher salaries cannot To sustain from 2012 toeconomic 2016. growth of at simply work abroad. least 6 percent, the next administraTo sustain economic growth of at Oplas said duethe to next the tion must address red tapeslow and global build least 6 percent, administrainfrastructure needed to attract inrecovery and the war in Eastern Eution must address red tape and build vestment in manufacturing andusual ag-inrope, many of the country’s infrastructure needed to attract riculture, who are holds aagvestment inBalisacan, manufacturing and forsaid migrant workers also hosts PhD in Economics from the Univerriculture, said Balisacan, who holds not doing well, and this could af- a sity of Hawaii.

PhD in prospects Economicsoffrom the Univerfect the Filipinos who Given a budget defi cit inflated sity of Hawaii. like to go abroad. would by pandemic-era support programs, Given a budget deficit inflated problem is our neighborcompanies and multilateral develby“The pandemic-era support programs, opment agencies may be tappeddevelto ing countries are also experiencing companies and multilateral fichallenging nance roads, rail and irrigation, heto times so they prioropment agencies may bewill tapped said.

Balisacan theIthe finance roads, rail andmanage irrigation, itize their ownhelped nationals as well.

Aquino administration’s flagshipthe said.

Balisacan helped manage is more sustainable to attract invespublic-private partnership fl infraAquino agship tors for jobadministration’s opportunities and ecopublic-private partnership infraS “PHL,” A Oplas said. nomic development,”

BusinessMirror

2006 National Newspaper of the Year CLUBNewspaper OF MANILA JOURNALISM AWARDS 2011 ROTARY National of the Year National Newspaper the Year 2013 2006 Business Newspaper of theofYear 2011 National Newspaper of the 2017 Business Newspaper of the Year Year Business Newspaper the Year 2019 2013 Business Newspaper of theofYear Business Newspaper of the Year 20212017 Pro Patria Award 2019 Business Newspaper of the Year PHILIPPINE STATISTICS AUTHORITY 2018 Data Champion 2021 Pro Patria Award PHILIPPINE STATISTICS AUTHORITY 2018 Data Champion

AAbroader look at today’s business look at today’s business A■broader broader look at today’s business Thursday, June 2, 2022 Vol. 17 No. 237

S “PHL,” A

See “Jobless,” A2

EJAP JOURNALISM AWARDS

BUSINESS NEWS EJAP JOURNALISM AWARDS SOURCE OF THE YEAR BUSINESS (2017, 2018, 2019,NEWS 2020) SOURCE OF THE YEAR

DEPARTMENT OF SCIENCE AND TECHNOLOGY

2019, 2020) 2018 BANTOG(2017, MEDIA2018, AWARDS

DEPARTMENT OF SCIENCE AND TECHNOLOGY

2018 BANTOG MEDIA AWARDS

‘PHL’S H2 RESTS GIR FALLS TO $101.98B ‘PHL’S H2 GROWTH GROWTH RESTS www.businessmirror.com.ph www.businessmirror.com.ph www.businessmirror.com.ph

P. P25.00 nationwide| |2 sections 26 pages| |77DAYS daysAaWEEK week P.  |     | 7 DAYS A WEEK

Friday, July June 8, 2022 Vol. 17 No. 273 Thursday, 2, 2022 Vol. 17 No. 237

n ■

ON NEW ECONOMIC TEAM’ ON NEW ECONOMIC TEAM’ IN JUNE, A 22-MO LOW

By Bianca Cuaresma

T

@BcuaresmaBM

HE country’s dollar stockpile fell to its lowest in almost two years in June, data from the Bangko Sentral ng Pilipinas (BSP) showed, as it was used to pay foreign currency debts of the National Government (NG) and has been affected by the revaluation of gold in the international market.

See “GIR,” A2

PESO PLUNGES TO 56 AGAINST DOLLAR, LOWEST IN 17 YEARS

T

strength has dominated tradHE local currency pluming this week as investors seek meted to the P56-terrisafe haven on recession fears. tory on Thursday’s trade, As such, most emerging market marking its lowest value against the dollar in 17 years.

[EM] currencies have weakened Data from the Bankers Assosharply against the USD. The dolciation of the Philippines (BAP) lar was also boosted as it looks ONE million pilgrims from across the globe amassed on Thursday in the holy city of Mecca in Saudi Arabia to perform the initial rites of the hajj, marking the largest Islamic pilgrimage since the coronavirus pandemic showed that the peso closed at like the Fed is determined to upended the annual event—a key pillar of Islam. The hajj is a once-in-a-lifetime duty for all Muslims physically and financially able to make the journey, which takes the faithful along a path traversed by the Prophet P56.06 to a dollar on Thursday, tighten policy in order to snuff Muhammad some 1,400 years ago. Pilgrims spend five days carrying out a set of rituals intended to bring them closer to God. That includes praying around the cube-shaped Kaaba, the holiest shrine in Islam. At the falling about 39 centavos in valout inflation in the US,” ING Bank center of the Grand Mosque’s courtyard on Thursday, thousands of unmasked pilgrims circled the Kaaba. AP/ARM NABIL ue from the previous day’s trade economist Nicholas Mapa said. of Aquino, P55.67 a dollar. close stronger US dollargovernment vs.

THE BRP Melchora theto second of two multi-role response“The vessels procured by the Philippine from Japan, is welcomed by the Philippine Coast Guard at the Port Area in Manila on Wednesday, June 1, 2022, completing its maiden voyage from Japan. Constructed by Mitsubishi Shipbuilding Co. in Japan, the ship, named TheSora, total traded volume was, major global currencies [was after Tandang the Grand Woman of the Revolution during the Spanish colonial period, is part of the Maritimefrom Safety Capability Improvement Project ofCoast the Coast DOMINGO THE BRP Melchora Aquino, the second of two multi-role response vessels procured by the Philippine government Japan, is welcomed by the Philippine GuardGuard. at theROY Port Area in Manila on Wednesday, June 1, 2022, completing its maiden voyage from Japan. Constructed by Mitsubishi Shipbuilding Co. in Japan, the ship, named lower Thursday recently partly aftermeanwhile, Tandang Sora, the Grandon Woman of the Revolutionseen] during the Spanish colonial period,due is partto of the Maritime Safety Capability Improvement Project of the Coast Guard. ROY DOMINGO at $1.11 billionB from theO $1.25 increased global risk aversion C U. @caiordinario billion on Wednesday. as the markets price in the B C U. O @caiordinario This is the lowest value of risk of a possible US economic HE countr y’s manufacand 267.2 percent in May 2021. of 35.9 percent in May 2022. ing the fastest annual decline of the local currency since Septemslowdown or even recession turing production posted “Fourteen [14] industry diviThe manufacture of fabricated 19.7 percent. ber 27, 2005 when it closed at in v iew of more ag g ressive a 1.9-percent growth in sions contributed to the positive metal products, except machinMeanwhile, the Value of ProP56.295 to a dollar.

Fed rate hikes in an effort to May 2022, according to the latgrowth of VoPI in May 2022, of ery and equipment, followed with duction Index (VaPI) posted a According to economists, bring down inf lation towards est data released by the Philipwhich the fastest growth was a growth of 22.8 percent the faster year-on-year growth rate UTGOING Senate and PresiDrilon moved to elect Majority the peso has been beaten by the the long-term target of 2 perB Statistics J MAuthority N. D C pine (PSA). reported in manufacture of mamanufacture of computer, elecof 8.9 percent in May 2022. and strengthened our political and dent Vicente Sotto III Leader Juan Miguel Zubiri as the cent,” Rizal Commercial Bankstrong dollar sentiment amid deUTGOING Senate PresiDrilon moved to elect Majority @joveemarie governmental Based on the Production Index chinery and institutions. equipment except tronic,declared and optical products with T h i s w a s f a ste r t h a n B J M N. D C and strengthened our political and at 7:41 pm of acting Senate President Pro Temvelopments in the United States ing Corporation (RCBC) econodent Vicente Sotto III Leader Juan Miguel Zubiri ast he the “Despite the many challenges @joveemarie and Net Sales Index, formerly electrical at 50.7 percent,” PSA 15 percent.

7.6-percent growth recorded in governmental institutions.

Wednesday as adjourned sinepm dieof pore fromSenate noon of June 30 Federal Reserve’s monetary polmist Michael R icafort said. declared at 7:41 acting President Prountil TemHE HouseIntegrated of Representatives that happenedthe during tenure the Monthly Survey said.“Despite The the previous month.

In May 2021, manymychallenges the thirddata, regular session showed of thedie July 25,from when the of 19th Congress Wednesday ashowever, adjourned sine pore noon June 30 until icy path. on Wednesday ended the as your Speaker, we have risen and HE House of Representatives that happened during my tenure of Selected Industries, the VolThis was followed by the maneight industry divisions recorded the VaPI surged 256.1 percent.

18th Congress on the part of the fi rst convenes.

See “Peso,” A2 the third regular session of the July 25, when the 19th Congress “ Broad US dol l a r [USD] Congress, highlighting ourselves to One ConWednesday ended the proven as your Speaker, webe have risen and Senate, ume 18th ofon Production Index (VoPI) ufacture of chemical and chemidecreases with the manufacture capping what Minority in the day, colleagues 18th Congress on the part of the fiEarlier rst convenes. its 3-year achievements, including gress, ready to serve our people,” 18th Congress, highlighting proven ourselves to be One Con- Leader See that “Manufacturing,” A2 grew 1.2 percent in April 2022 cal products which posted growth ofSenate, electrical equipment registerFranklin Drilon had colleagues secured capping whatdescribed Minority signaled Earlier inZubiri the day, laws to help the country navigate Velasco told his colleagues. its 3-year achievements, including gress, ready to serve our people,” cabinet can handle the emerging scenario,” the In its latest Market Call report, First Metro asLeader “one of Franklin the most Drilon productive sesthe “votes” that of majority senators described signaled Zubiri of had secured through emerge strongernavigate from “One Congress, ready to scrutilaws toand help the country Velasco told his colleagues. report stated.

Investment University of Asia First and the sions” of the chamber, a feat made sit in 19th Senate, a cabinet can handle the emerging scenario,” the In itsCorp. latestand Market Call report, Metro as “one of the most productive ses- who thewill “votes” ofthe majority of senators Covid-19 pandemic. the national budget, to australia pass through and from Congress, ready n scrutinreport USofstated.

55.5740 japan 66.2442 n HKemerge 7.0821stronger n CHINA 8.2862nize n “One singapore 39.5516 37.6847 n EU 56.5966 n SAUDI arabia 14.8044 Source: BSP (July 7, 2022) One the majornrisks that post0.4089 the most n UKthe Pacifi c (FMIC-UA&P) Capital Markets Research remarkable by the fact that much matter confi rmed by Drilon.

Investment Corp. and University of Asia and the sions” of the chamber, a feat made who will sit in the 19th Senate, a In Covid-19 his valedictory laws, conduct hearings, the pandemic. speech, nizetothe national budget,totopropass ofremarkable uncertainty is the Russia-Ukraine saidPacifi thecgrowth momentum which gave rise to One to of the the economy major risks that post the most (FMIC-UA&P) Capital Markets Research it was in a pandemic.

Zubiri confi appears to be the by the fact that much matter rmednow

by Drilon.

Speaker Velascospeech, said vide oversight on the implementaIn Lord his Allan valedictory waruncertainty which willtomark its first 100 days.

The war thesaid 8.3-percent growth in the fiwhich rst quarter laws, to conduct hearings, to prothe economy is the Russia-Ukraine the growth momentum gave will rise to peers heaped praise on only Zubiri likely candidate to stand ofHis it was in a pandemic. appears now to befor the the 18th Congress was Velasco a key and of oversight laws, and on to generally make Speaker Lord Allan said tion began February 24 this anddays. will The reachwar spillthe over to the second quarter. vide the implementawar in which will mark its fiyear rst 100 8.3-percent growth in the first quarter will SottoHis for his leadership, laud-on election as the next Senate Presi-for peers heaped and praise only likely candidate to stand steady partner of President easier theand next 100began days on 3. FMIC-UA&P Capital However, of the economy in the 18th Congress was aDuterte key and it tion offor laws, to Congress generally and make edSotto in June February 24 this year and Markets will reach spill over tothe theperformance second quarter. and thanked as well theand seven after as Sen. Cynthia Villar, earfor his leadership, laud- dent, election the next Senate Presiinsteady passing lawsof that promoted Research saidoncommodity prices, particularly oil the third and fourth quarters will of bethe determined to continue the legpartner President Duterte itsitleadership, easier for the next Congress and other 100 days June 3. FMIC-UA&P Capital Markets However, the performance economy in “graduating” members of seven the lier touted a strong contender, ed and thanked as well the dent, afterasSen. Cynthia Villar, earprices, could remain elevated until the particularly war in East- oil by the the third policies be implemented the new economic development, work for the sake of our in passing laws thatstrengthpromoted islative Research said commodity prices, andtofourth quarters will by be determined its leadership, to continue thekaleg- chamber, including two other of pilwithdrawing other “graduating” members the announced lier toutedshe as awas strong contender, ernprices, Europecould is resolved.

This uncertainty lead economic will greet ened the administration justice babayans,” he added. remain elevated until the will war in Eastby the team. policiesMuch to beuncertainty implemented by thethenew economic development,ofstrengthislative work for the sake of our ka- lars—Drilon and Senate President from the race. she was withdrawing chamber, including two other pilannounced to an ation of above 5 percent in economic managers as the pandemicwill continues and thethe ruleadministration of law, enhanced the ernaverage Europe infl is resolved.

This uncertainty willthelead economic team. Much uncertainty greet the He said the ened of justice babayans,” hepandemic added. forced the Pro Tempore Ralph “Walathe nang [There is no] SP race,” lars—Drilon and Recto.

Senate President from race. country year. inflation of above 5 percent in the andeconomic commodity prices remain protection of labor andenhanced social welto anthis average managers as theelevated. pandemic continues to be dynamic, and the rule of law, the House Heleadership said the pandemic forced the As his “last offi cial act,” Drilon she told reporters, Pro Tempore Ralph Recto.

“Wala nang [Thadding, ere is no]“ISPwant race,” In April, “Thecommodity robustness in the economic country thisthe year.Philippine Statistics Authority and prices remain elevated.recovery, fare, improved of and and proactive. protection of the laborquality and social wel- innovative House leadership to be dynamic, introduced a resolution meant to a simple life” and explained she As his “last offi cial act,” Drilon she told reporters, adding, “I want (PSA) reported ation nationwide increased founded“The heavily on employment gains, should In April,that theinflPhilippine Statistics Authority robustness in the economic recovery, increased access to “Despite the lingering threat fare, improved theeducation quality ofand and innovative and proactive. prevent a month-long leadership just wanted to “take care of my adintroduced a resolution meant to a simple life” and explained she to 4.9 percent in April 2022.

The average infl ation spillfounded over intoheavily Q2 [theonsecond quarter].

And while (PSA) reported that inflation nationwide increased employment gains, should information, enhanced our health increased access to education and “Despite the lingering threat gap in the aSenate, as the terms of vocacy, agriculture,” signaling heradprevent month-long leadership just wanted to “take care of my for tothe4.9first four months of theThe yearaverage stood at a tighter fiscal andsecond inflation pose And serious percent in April 2022. infl3.7 ation spill over intospace Q2 [the quarter]. while C  A and emergencyenhanced response our system, information, health Sotto and endasatthenoon ofof desire to keep her chairmanship gap in theRecto Senate, terms vocacy, agriculture,” signaling of her headwinds anation economic for the first four months of the year stood at 3.7 a tighterinfiH2 scal[second space half], and infl poseteam serious C  A and emergency response system, S “H,” A Butch Fernandez June 30. that committee.

Sotto and Recto end at noon of desire to keep her chairmanship of of high-quality technocrats in the new President’s headwinds in H2 [second half], an economic team S “H,” A June 30. that committee. Butch Fernandez of high-quality technocrats in the new President’s

T T

HE performance of the Philippine HE performance of thehalf Philippine economy in the second the second half ofeconomy the year in will rest squarely of the yearofwill squarely on the shoulders therest incoming on the shoulderseconomic of the incoming administration’s team, administration’s economic team, according to a local think tank. according to a local think tank.

Manufacturing production posts 1.9% growth in May

Sotto closes ‘productive’ Sotto closes ‘productive’ PANDEMIC CHALLENGE PANDEMIC CHALLENGE T session; Zubiri next SP? MARKS 18TH CONGRESS session; Zubiri next SP? MARKS 18TH CONGRESS

TT

O O

PESO exchange rates

PESO EXCHANGE RATES ■ US 52.4120 ■ JAPAN 0.4073 ■ UK 66.0496 ■ HK 6.6799 ■ SINGAPORE 38.2625 ■ AUSTRALIA 37.6004 ■ SAUDI ARABIA 13.9750 ■ EU 56.2643 ■ CHINA 7.8555 Source: BSP (June 1, 2022) PESO EXCHANGE RATES ■ US 52.4120 ■ JAPAN 0.4073 ■ UK 66.0496 ■ HK 6.6799 ■ SINGAPORE 38.2625 ■ AUSTRALIA 37.6004 ■ SAUDI ARABIA 13.9750 ■ EU 56.2643 ■ CHINA 7.8555 Source: BSP (June 1, 2022)

News

BusinessMirror

A2 Friday, July 8, 2022

GIR...

Continued from A1

The BSP reported on Thursday that the country’s gross international reserves (GIR) declined to $101.98 billion as of end-June 2022 from the end-May 2022 GIR level of $103.65 billion. It is also lower than the $105.76 billion seen in the same month last year.

This is the fourth consecutive month that the country’s GIR has fallen. It is also the lowest level of GIR for the country since September 2020.

The country’s GIR is the level of foreign exchange holdings the Central Bank has during a given period. It is a crucial component of the economy as it is often used to manage the country’s foreign exchange rate against excess volatility.

Despite the decline, the BSP said the current GIR level represents a “more than adequate external liquidity buffer” equivalent to 8.5 months’ worth of imports of goods and payments of services and primary income.

It is also about 7.3 times the country’s shortterm external debt based on original maturity and 4.6 times based on residual maturity.

Broken down, the bulk of the decline in the country came from lower foreign investments during the month.

Foreign investments managed by the BSP under the GIR fell from $87.95 billion in May to $85.66 billion in June. This still makes up for most of the GIR during the month.

Gold holdings, meanwhile, also fell from $9.03 billion in May to $8.9 billion in June.

According to Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort, the level of GIR of the country could be influenced by a number of factors in the coming months.

This includes the level of inflows of the country's structural sources of US dollar revenues such as remittances and business process outsourcing (BPO) revenues, foreign borrowings and the overall economy.

“Still, [the] relatively high GIR may still bolster the country’s external position, which in turn, fundamentally supports the country’s favorable credit ratings as seen recently,” Ricafort said.

www.businessmirror.com.ph

BSP signals ‘more aggressive’ monetary policy moves ahead

By Bianca Cuaresma

B

@BcuaresmaBM

ANGKO Sentral ng Pilipinas (BSP) Governor Felipe Medalla signaled readiness to unleash “more aggressive” monetary policy moves in the coming months, amid rising price and currency pressures in recent weeks.

In a message to reporters on Thursday, Medalla said the BSP is closely monitoring developments in the financial markets which have put strong depreciation pressures on global currencies, including the peso.

The new governor also said pressures on the peso, if left unchecked, could add to the “already high” domestic inflationary pressures. He also reiterated a “strong commitment” to main-

Peso...

taining price stability.

“Because of this, the BSP is prepared to be more aggressive in raising its policy rate, compared to its initial gradualist stance. In particular, the BSP is prepared to raise its policy rate by 50 basis points by August,” he said.

“The BSP is ready to take further policy actions, if needed,” he added.

So far, the BSP has let out two monetary policy hikes this year,

Continued from A1

On the domestic side, economists see recent unfavorable data as ad-

both at 25 basis points each.

“To put in plain terms, it is not prudent to let factors that significantly affect the exchange rate to add further to inflation that is already high,” Medalla said.

Earlier this week, the Philippine Statistics Authority (PSA) reported that inflation hit 6.1 percent in June. On Thursday, data from the Bankers Association of the Philippines (BAP) also showed the peso hitting its weakest value against the dollar in 17 years at P56.06 to a dollar.

For now, the new governor said they will continue to support and advocate non-monetary actions by other government agencies to contain any further inflationary pressures that may spill over to 2023.

According to ING Bank economist Nicholas Mapa, the more aggressive monetary tightening path might be good for the local currency in the near-term, but it’s still a long

wait until the BSP’s next scheduled monetary policy meeting.

“With the Peso on its heels, the BSP has a long and nervewracking wait until August 18, or when they have a chance to offload another round of rate increases. The complication is that the Fed will by all indications hike rates by 50 to 75 bps at its July meeting, suggesting that the spread between the BSP and Fed rates could be zero for some time,” Mapa said, also noting that a possibility of an unscheduled BSP meeting might not be viewed favorably by market participants.

“Given the time-lag of policy rate adjustments, more forceful and early tightening would get the BSP ahead of the curve, re-anchor inflation expectations and hopefully quell uncertainty. Until the 18th of August, however, the Philippine peso may face additional pressure as the Central Bank awaits the chance to tighten further,” he added.

ditional factors to the peso’s weakness.

“Domestic developments have also contributed to the Philippine Peso’s weakness, in particular the stark widening of the country’s import bill, due to bloated dollar values for products and an actual increase in import volumes as the economy reopens,” Mapa said.

“Peso is also weaker after softer unemploy ment and manufacturing [MISSI] data that could already reflect the effects of higher prices and higher long-term interest rates that may be a drag on economic recovery prospects,” Ricafort, meanwhile, said.

In its research note on Thursday, Fitch Solutions— the research arm of the Fitch Group—said the local currency is expected to see “further weakening” against the dollar in the coming months.

“The widening of the Philippines’s current account deficit coupled with tightening

global monetary conditions will likely exert further downward pressure on the peso.

Nevertheless, the pace of peso depreciation will likely be relatively gradual in the coming months as the Bangko Sentral Ng Pilipinas [BSP] has ample foreign reserves to intervene in the foreign exchange market if necessary to smooth downside volatility,” Fitch Solutions said.

“Indeed, despite the steep depreciation since the start of the year, the peso still appears slightly overvalued in real effective exchange rate terms, as compared to its 10year moving average. However, we acknowledge that the peso is not too overvalued and as such downside pressure will be limited. Furthermore, we expect higher structural inflation in the Philippines to reduce export competitiveness, which will in turn weigh on the nominal exchange rate,” it added. Bianca Cuaresma

Manufacturing...

Continued from A1

"The annual growth in VaPI was attributed to the positive growth rates of 15 industry divisions. Among these, [the] manufacture of machinery and equipment except electrical posted the highest annual growth of 60.8 percent in May 2022," the PSA said.

However, the remaining seven industry divisions recorded decreases in their production, with the manufacture of electrical equipment contracting by 16.4 percent.

The data also showed that the average capacity utilization rate for the manufacturing sector in May 2022 at 70.7 percent, from 69.4 percent in

the previous month.

Twenty out of 22 industry divisions had more than 60-percent average capacity utilization rate.

This was led by manufacture of furniture at 81.4 percent; manufacture of wearing apparel, 79.2 percent; and manufacture of other nonmetallic mineral products, 78.6 percent.

"The proportion of establishments that operated at full capacity [90 percent to 100 percent] was 24.3 percent of the total number of responding establishments. Meanwhile, 38.9 percent operated at 70 to 89 percent capacity, while 36.8 percent operated below 70 percent capacity," the PSA said.

The Production Index and Net Sales Index is the new term used instead of the MISSI. The report continues to monitor the production, net sales, inventories, and capacity utilization of selected manufacturing establishments to provide flash indicators on the performance of the manufacturing sector. Cai U. Ordinario

Jobless...

Continued from A1

Infra jobs

University of Asia and the Pacific (UA&P) economist Cid L. Terosa told the BusinessMirror that another option for these workers is to employ them in infrastructure development projects of the government.

Terosa said the government can also empower self-employed workers by supporting the micro, small, and medium enterprises (MSMEs). These workers can also be given skills training for “new and non-traditional jobs.”

The number of underemployed, which increased by 1.177 million, were added to the number of the underemployed in May 2022, an expected phenomenon given that 2022 is an election year. However, the lackluster performance of the global economy can also be blamed for this.

“It is expected for an election year because many temporary jobs are created to support election-related activities. Of course, we can't discount the fact that firms have refrained from hiring more workers due to the worsening external or global conditions,” Terosa said.

“Many of them will become unemployed or remain underemployed in the coming months because many production activities are being constrained by inflation, rising production costs, and fears of global recession,” he added.

PSA data showed a total of 4.52 million Filipinos were visibly underemployed and 2.144 million, invisibly underemployed.

The number of Filipinos considered invisibly underemployed increased by 620,000 between May 2021 and May 2022; while visibly underemployed workers increased by 557,000 during the 12-month period.

Underemployed persons are employed persons who expressed a desire to have additional hours of work in their present job or to have an additional job, or to have a new job with longer hours of work.

Invisible underemployment is experienced by underemployed persons who are working at least 40 hours in a week while visible underemployment is experienced by underemployed persons working less than 40 hours in a week.

“As mentioned in our briefings, there has been a restructuring in the economy towards greater informality, as jobs from services [notably accommodations, tourism, etc.] and industry have moved to agri and trading [pangangalakal]. Big challenge to collect revenues because of this restructuring,” Ateneo Center for Research and Development (ACERD) Associate Director Ser Percival K. Peña-Reyes said.

In a statement, Socioeconomic Planning Secretary Arsenio M. Balisacan said efforts to introduce “productivity-enhancing investments” will also improve underemployment in the country.

Balisacan said improved quality of education; provision of opportunities for life-long learning; in-demand skills development; and options to obtain microcredentials will be introduced.

Enhanced job-facilitation programs and strengthened linkages between industry, business and training institutions for a more efficient labor market will also be undertaken, he said.

“Amidst external shocks, the government has sustained the economy’s growth momentum and steered it towards a higher growth path. Now, the immediate challenge is the full reopening of the economy. Over the medium term, the government will focus on creating more jobs, quality jobs, and green jobs through productivity-enhancing investments,” Balisacan assured.

The National Economic and Development Authority (Neda) also commended the ease in metrics of the Department of Health (DOH) in determining the alert level system as critical in the economy's reopening.

Balisacan likewise welcomed the move to immediately and safely resume face-toface classes to increase domestic activities and prevent future productivity loss.

He added that a catch-up plan is needed to regain the two years of learning lost during the pandemic.

“A learning catch-up plan is crucial.

This will help secure better opportunities for future generations and ensure that our demographic dividend will not be wasted,” said Balisacan.

The Neda noted the number of employed individuals increased by 1.4 million in May 2022 from May 2021, bringing total employment to 46.1 million.

Significant employment gains were recorded in the services sector as tourism and business outlook improved with the further easing of restrictions. This brings net employment creation to 3.5 million above pre-pandemic levels.

The Nation BusinessMirror

www.businessmirror.com.ph

Expert panel bats for ‘traffic light’ approach for AL systems

By Andrea San Juan

T

HE Advisory Council of Experts (ACE), a consultative group of private sector representatives, medical, and economic experts, proposes to the so-called “traffic light” approach for alert level (AL) systems.

In a statement issued on Thursday, GoNegosyo founder and ACE Convenor Jose Maria A. Concepcion emphasized that “the task of this process is to lay down the parameters of a transition strategy for a better normal, one that encourages economic activity and does not risk the public’s health.”

Concepcion stressed that the country cannot afford to impose lockdowns as manufacturers have been bearing the brunt of the recent price spikes. “We don’t want consumers to slow down their spending,” he added.

At the forefront of the suggestions at the initial meeting of the advisory council is simplifying the AL systems by adopting a “colorcoded,” traffic-light approach, explaining that the red-yellow-green means high-medium-low alert levels. Concepcion pointed out, “This system is already familiar to the public,” adding that the system is used in disaster risk management.

In relation to the parameters to be used for the AL system, the council recommended the use of two metrics: health-care utilization rates (HCUR), or the number of cases hospitalized due to Covid, and ADAR (average daily attack rate), or the number of infections per thousand people.

Further, the red-yellow-green alert levels will be determined per region, and will trigger specific restrictions for activity, including the wearing of face masks, but also on the regional level.

As the state of public health emergency lapses in September of this year, Concepcion noted, “Whether this will be extended or modified or suspended will determine our course of action. We need to plan now.”

The Go Negosyo founder highlighted the role of local government units (LGUs), saying that they should play a bigger role in pandemic man-

agement moving forward. “We don’t want to penalize the LGUs that have been doing a good job at vaccinating their population.”

Concepcion said that the details of the recommendations, once the consultations with the different industry chambers and the private sector are completed, would be shared with President Ferdinand “Bongbong” R. Marcos Jr. Business leaders present during the initial meeting were George Barcelon, Michael Tan, Felix Ang and Cecilio Pedro, while members of the newly formed ACE provided the technical and medical expert advice.

Among the groups included in the consultation process are the Philippine Chamber of Commerce and Industry (PCCI), Philippine Franchise Association, Philippine Retailers Association, Federation of Indian Chambers of Commerce, Resto.

PH, Federation of Filipino-Chinese Chambers of Commerce and Industry, People Management Association of the Philippines, the Association of Filipino Franchisers Inc., Semiconductors and Electronic Industries in the Philippines Foundations Inc., the Asia Council of Small Business, and the European Chamber of Commerce of the Philippines.

For their part, medical experts from ACE have earlier warned that waning immunity and low booster rates still pose a threat of illness among the vulnerable population. It was earlier reported that immunity from Covid wanes faster than other viruses or microbial agents, and booster vaccinations are necessary, especially for those who are vulnerable and those with comorbidities.

ACE is composed of National Task Force Against Covid-19 Special Adviser Dr. Teddy Herbosa, Covid-19 Technical Working Group Chairperson Dr. Nina Gloriani, Vaccine Expert Panel member Dr. Rontgene Solante, Philippine College of Physicians President Dr. Maricar Limpin, Health Reform advocate Dr. Tony Leachon, Infectious Diseases Expert Dr. Benjamin Co, OCTA Research Fellows Prof. Ranjit Rye, Dr. Guido David and Fr. Nic Austriaco, Economist Romy Bernardo, and Go Negosyo Senior Adviser Josephine Romero.

PBBM abolishes PACC, CabSec, revives OPS

By Samuel P. Medenilla @sam_medenilla

P

RESIDENT Ferdinand “Bongbong” R. Marcos Jr. abolished the Presidential Anti-Corruption Commission (PACC) and two other offices of Malacañang as part of his effort to streamline Palace operations.

He also created a new office for an adviser for military and police affairs.

On Thursday, Press Secretary Beatrix “Trixie” Cruz-Angeles confirmed to the media Marcos signed two new executive orders (EO) for the said reorganization.

EO No. 1, which was signed by Marcos on June 30, 2022, phased out PACC and the Office of the Cabinet Secretary (CabSec).

Marcos said the measure aims to “achieve simplicity, economy, and efficiency in bureaucracy without effecting disruptions in internal management and general governance.”

Upon taking effect, the new EO will transfer the jurisdiction of the PACC to “discipline and remove public officials and employees” to the Office of the Deputy Executive Secretary for Legal Affairs.

The Presidential Management Staff (PMS) will absorb the Secretariat of CabSec. The affected personnel of both offices will be allowed to avail of the benefits provided under existing laws once the Department of Budget and Management (DBM)

releases the fund for it.

The new issuance also created the Office for the Presidential Adviser on Military and Police Affairs, which will be under the Office of the Special Assistant to the President.

EO will take effect immediately after publication in a newspaper of general circulation.

OPS

MARCOS also issued EO No. 2, which reorganized and renamed the Presidential Communications Operations Office (PCOO) and its attached agencies into the Office of the Press Secretary (OPS).

Likewise, it abolished the Office of the Presidential Spokesperson.

The EO provides the Press Secretary of not more than 20 personnel and eight undersecretaries and assistant secretaries for the following areas: Operations, Plans and Policies; Administration, Finance and Procurement; Legal Affairs; Media Accreditation and Relations; Digital Media Services; Print Media Services, and related governmentowned and -controlled corporations (GOCC) and attached agencies; Broadcast Media Services, and related GOCCs and attached agencies; and Special Concerns.

The existing divisions and units of the PCOO were distributed to the following areas of concerns of the undersecretaries of the OPS. The affected staff of the defunct Office of the Presidential Spokesperson was also transferred to the OPS.

Editor: Vittorio V. Vitug • Friday, July 8, 2022 A3

10 European countries recall Lucky Me! instant noodles, pancit canton

By Malou Talosig-Bartolome @maloutalosig

F

OOD sa fet y aut hor it ies among 27 members of the European Union (EU) were notified that Lucky Me! instant noodles and pancit canton produced in Thailand have been found to contain traces of pesticide.

This prompted at least 10 EU countries—Ireland, France, Germany, Denmark, Belgium, The Netherlands, Croatia, Greenland, Faeroe Islands and Malta—to recall the Lucky Me! instant noodles from the market.

Luxembourg, meanwhile, issued an advisory that “recommend” its citizens to “no longer consume contaminated products” like Lucky Me! The Lucky Me! flavors that were recalled in European Countries were beef noodle soup, Pancit Canton original, Pancit Canton chili, Pancit Canton kalamansi, and Pancit Canton chilimansi.

Lucky Me! is very famous in the Philippines, almost a staple among Filipino poor who could not afford to buy rice. During the early months of the pandemic lock-

down in 2020, it was among the items which quickly disappeared from grocery shelves, forcing the Department of Trade and Industry to control its purchase.

On June 23, Germany notified the European Commission’s Rapid Alert System for Food and Feed (RASFF) that ethylene oxide was found in the “spice mix” from instant noodle dish from Thailand, which was imported by The Netherlands.

Ethylene oxide is a chemical to protect plants and often used as a preservative to keep products fresh.

Other countries allow its use, but the European Parliament and European Commission have banned it since 2020.

The EU has one of the highest food safety standards in the world.

They have established the RASFF network among member-states so that they can inform all members of potential risks to public detected in the food chain.

France’s General Directorate for Food and Malta’s Environmental Health Directorate said four Lucky Me! noodle variants were found to be non-compliant with the use of

“pesticide” on food.

“The content of ethylene oxide present in the product is above the norm,” the French food agency wrote in its advisory.

Ireland’s Food Safety Authority said the use of ethylene oxide is not authorized in foods sold in the European Union.

“Although the consumption of the contaminated product does not pose an acute risk to health, there may be health issues if there is continued consumption of ethylene oxide over a long period of time. Therefore, exposure to this substance needs to be minimized,” the Food Safety Authority of Ireland said.

‘Compliant’

MONDE Nissin Corp., the maker of Lucky Me! instant noodles, on Monday said that its products are registered with the Food and Drug Administration (FDA) and are compliant with the food safety standards, even with the US FDA standards for ethylene oxide.

“We are aware of information being shared about certain Lucky Me! products in an ongoing recall in the EU and Taiwan due to the presence

of ethylene oxide. The recall affects other companies’ noodle brand and multiple categories such as ice cream, sesame seed, spices, calcium carbonate supplements, among others,” the company said.

“We would like to clarify that ethylene oxide is not added in Lucky Me! products. It is a commonly used treatment in spices and seeds to control microbial growth typical in agricultural products. These materials, when processed into seasoning and sauces, may still show traces of ehtylene oxide,” it said.

Clueless

AN official of the Department of Health (DOH) on Thursday said that they are still “verifying the report and getting details” after several European countries have issued a safety warning on a popular Filipino noodle brand because of “high level of ethylene oxide.”

Health Undersecretary Maria Rosario Vergeire said that they would share to the public the results of the investigation of the Philippine FDA in the coming days.

With VG Cabuag and Claudeth Mocon-Ciriaco

EPR Act on plastic waste disposal awaits Palace OK–Villar

T

HE Extended Producers Responsibility (EPR) Act, which mandates large companies to adopt and implement policies for the proper management of plastic packaging wastes, is now with the Office of the President for approval.

“I’m very happy also to announce that we have passed in both houses of Congress the Extended Producers Responsibility,” said Sen. Cynthia A. Villar, chairperson of the Committee on Environment, Natural Resources, and Climate Change, at the official launch of the Circular Explorer on Thursday.

The senator stressed, “We’ll require, oblige companies to recycle their plastic waste in response to the study of the University of Georgia in the United States.”

Villar emphasized that the EPR Act will be the “first step” to remove the Philippines from the list of the top countries that produce plastics that find their way into oceans.

The enrolled copy of the bill, which was passed by both houses of Congress, has been sent to Malacañang.

Villar said, “I’m glad to announce it is with the Office of the President already and if there will be no veto, it will lapse into law in 30 days.”

Two months ago, Villar said the

bill would institutionalize EPR as a practical policy approach for efficient waste management.

She noted earlier that the proposed legislation focuses on waste reduction, recovery and recycling and the development of environment-friendly products that advocates the internationally accepted principle on sustainable consumption and production, circular economy and producers’ full responsibility throughout the life cycle of their products.

In relation to the circular economy, Holcim, in partnership with One Earth One Ocean launched on Thursday the Circular Explorer in Manila to be part of clearing coastal areas in the Philippines.

Holcim, a global leader in innovative and sustainable building solutions, emphasized that the Circular Explorer, a pioneering solar-powered catamaran, is designed to recover up to four tons of plastic waste per day to preserve vital marine ecosystems in a sustainable way.

On education initiatives, Holcim said the circular explorer could be an avenue “to empower students and local communities as change makers to take action for people and the planet.” Hence, as it takes a sciencedriven approach for more impact, the Circular Explorer has also forged a partnership with the University of

the Philippines Marine Institute to advance ocean research.

“With built-in sensors and micro-plastic collectors on board, it will drive live data mapping along its journey to fuel the faculty’s research programs,” read the statement of Holcim.

For her part, Holcim Chief Sustainability and Innovation Officer Magali Anderson said, “With today’s population and urbanization on the rise, Holcim is committed to improving living standards for all by building more with less.”

“That’s why we are driving circular construction as a global leader in material recycling to build a net-zero future that works for people and the planet,” Anderson added.

The sustainability and innovation chief emphasized that the circular explorer is a platform to empower communities to shift gears toward circular living.

Meanwhile, CEO and President of Holcim Philippines Horia Adrian said that the Circular Explorer is a “symbol of Holcim’s commitment to sustainability.”

“Walking the talk across our business, we recycled over 20 million tons of materials into alternative fuels and low emission raw materials across our operations over the past 15 years,” the chief of Holcim Philippines added.

He highlighted that by 2024, they will become the first company in their sector in the Philippines to operate solar panels in their plants.

On scientific initiatives, Dr. Deo Onda, Deputy for Research, University of the Philippines Marine Science Institute, highlighted the need for science to help us understand the environmental challenges we are facing and to drive us with equitable and sustainable solutions.

“Scientific initiatives, such as the one supported by Holcim with its Circular Explorer, are a significant contribution to these endeavors. By advancing research together, we can help educate the public and support key decision makers with relevant data to take action,” said Onda.

According to Holcim, the conveyor belt of the Circular Explorer is lowered into the water when cleaning starts. Plastic waste is then transported up to the boat for manual sorting. Thereafter, single sort split plastic is recycled for reuse in cooperation with local partners and converted into new products.

The remaining plastic that is unable to be recycled will be used as an alternative energy source, said Holcim. Andrea San Juan

Solon: Time to lay down unemployment insurance ‘Jobs bleeding’

SALCEDA said the most obvious area of jobs bleeding is agriculture and forestry, which lost about 733,000 jobs.

“We employ around a quarter of our labor force in agriculture, but the sector produces just a tenth of economic output. Taken together, these mean that jobs in that sec-

tor are both very weak and very low-paying. Prevailing agricultural productivity programs such as mechanization will increase yields and perhaps even GDP contribution, but they will also mean fewer needed farmhands,” he added.

“The jobs issue [what appears to me to be an extreme surplus of labor

in the agriculture sector] will not just fade away,” the lawmaker added.

Salceda said President Ferdinand Marcos Jr. must address this along with improving food security.

“It may be necessary to face up to some difficult truths, one of which is that for some farmers, the best way to improve incomes and job security

is to simply move them to better and more secure jobs. As such, the Department of Agriculture must not operate in a silo of its own mandate, and must work with other government agencies to find jobs for the farmworkers that mechanization and modernization will almost inevitably displace,” he said.

Extend low tariffs on MDM, govt urged amid price hikes Price increases

PAMPI revealed that some membercompanies may have to seek another round of price increases before the Department of Trade and Industry (DTI) to cope with challenges such as rising costs of inputs, the weak peso and skyrocketing crude oil prices.

“Unfortunately, the price increases allowed by the DTI last May was still not enough to temper the impact of the increasing costs of raw materials,

and the effects of the Ukraine-Russia conflict particularly on the prices of gasoline, which also affects logistics and movement of goods,” it said.

“The government can help by protecting the processed meat industry through retention of the industrial input tariff for a longer period of time, and adopting more business friendly policies towards its stakeholders. This is critical while the local industry also tries to recover,” it added.

The group explainead that the industry is affected by rising oil prices as well as the increasing costs of electricity and other fuel alternatives. The group added that the industry is also on the receiving end of the weakening of peso— that has fallen to P55 to a dollar since a lot of its raw materials are imported. On Thursday, the local currency hit the 56 level.

“Until the local agricultural sector

continued from a18

continued from a18

is able to meet our required quantities and specifications, we remain dependent on imported raw materials and this further compounds our problems. Interest rates have already gone up and are projected to go up further,” PAMPI said.

“We hope the agriculture policy and regulations become more supportive to doing business so that in turn, we can help the government’s food security program,” it added.

A4 Friday, July 8, 2022 • Editor: Vittorio V. Vitug

Economy BusinessMirror

www.businessmirror.com.ph

FPA suggests SRP, MRP for fertilizer products

By Jasper Emmanuel Y. Arcalas @jearcalas

P

RESIDENT Ferdinand “Bongbong” R. Marcos Jr. may consider imposing a maximum retail price (MRP) on fertilizer products sold in the domestic market to arrest skyrocketing prices of the planting input, state-run regulators revealed.

In an assessment report, the Fertilizer and Pesticide Authority (FPA) recommended that the government institutionalize a suggested retail price (SRP) and MRP on fertilizer products.

The report, prepared by FPA Deputy Executive Director Myer Mula and Kimberly Coronado, an economist at FPA, indicated that the implementation of the SRP and MRP must be done in partnership with the Department of Agriculture (DA) and Department

of Trade and Industry (DTI).

The agriculture secretary, a Cabinet position concurrently held by Marcos Jr., is the de facto chairman of the FPA board.

The report showed that the FPA can impose such price control mechanisms as a regulator under the provisions of Presidential Decree (PD) 1144, Series of 1977.

PD 1144, signed and issued by the late President Ferdinand E. Marcos Sr., established the FPA and outlined its powers and functions, including the regulatory control over the wholesale and retail prices of fertilizers sold in the domestic market.

Under PD 1144, the FPA has the power and function to “determine and set the volume and prices of both wholesale and retail of fertilizer and fertilizer inputs.”

Furthermore, the state-run agency attached to the DA can “control and

regulate all marketing companies, whether importer, indentor, wholesaler or retailer by controlling and regulating prices, terms, mark-ups, distribution channels, promotion, storage and other marketing factors in the domestic fertilizer market,” based on PD 1144.

“To do all such things as may be necessary to maintain an adequate supply of fertilizers to the domestic market at reasonable prices while maintaining the long-term viability of the industry,” PD 1144 read.

The report proposed that the SRP and MRP should be based on the location where the fertilizers are locally sold.

“The adoption of the Calculation of Fertilizer Price Matrix at Various Cost Levels should be the basis for DA and DTI to impose the SRP and MRP for every import entry,” the report titled “Philippine fertilizer

price outlook: A reality for farmers and fishers” read.

Latest FPA data as of June 24 showed that the price of major fertilizer products nationwide continues to increase.

FPA data showed that the price of urea (prilled) rose more than double year-on-year to P2,839.59 per 50-kilogram bag while Di-ammonium Phosphate (DAP) fertilizer has reached an unprecedented price level of P3,331.10 per 50-kilogram bag.

Price matrix

THE report’s proposed fertilizer price matrix contains the estimated calculation of fertilizer prices at various price levels from landed cost, importers’ price, distributors’ price, and retail price of the planting input.

For example, if the import price of fertilizer is at $1,000 metric ton, it will translate to a landed cost

of about P2,500 per 50-kilogram bag with its importer’s price to distributor at P2,799 per 50-kilogram bag. The same fertilizer will have a distributors’ price to the dealer of about P3,128 per 50-kilogram bag and eventually have a retail tag (dealers’ price to farmers) of P3,483 per 50-kilogram bag, according to the price matrix.

The report recommended that the regional dealers’ prices of fertilizer should be based on the source of origin of the fertilizer and its corresponding logistical costs as calculated under the proposed price matrix.

The report also proposed that the government pursue bilateral agreement with fertilizer-producing countries to secure cheaper planting inputs.

The report also proposed the inclusion of batch and lot number in the packaging and bags of imported

fertilizer to determine their country of origin and landed costs.

“Importing companies are urged to coordinate and order bulk imports from certain countries, if possible, to avail of lower prices and discounts and save freight costs,” it read.

“Fertilizers imported at lower prices and less cost will result in cheaper fertilizers available for farmers in the market,” it added.

The FPA report also disclosed that there is a need to improve the agency’s price monitoring mechanism to cover prices of the planting input from imports until the retail level.

“The improvement of monitoring of fertilizer imports should require more information from the importers to aid in better record keeping and estimation of actual prices. This will result in more accurate data and help improve price studies in the future,” it said.

MAP pushes aggressive export devt plan under PBBM admin

By Andrea San Juan

T

HE Management Association of the Philippines (MAP) is urging the government to formulate an aggressive new export development plan aimed to close the country’s wide export gap relative to its Asean peers.

In a statement released this week, MAP pressed the government to heed their call of formulating an aggressive new Philippine Export Development Plan, with the objective of closing the country’s wide export gap compared to the rest of its Asean peers.

The management organization added that in doing so, the country

will be able to examine and address the entire export ecosystem encompassing the macroeconomic policy and governance environment down to sector and commodity-level strategies and programs.

Also among the recommendations under the Trade and Industry Policy category, MAP urged the government to immediately ratify and actively participate in the Regional Comprehensive Economic Partnership (RCEP) Agreement and other trade agreements to tap wider market opportunities that will diversify the country’s exports in terms of products/services and destinations, and enhance the country’s attractive-

ness to foreign investments.

Meanwhile, in relation to Industry Roadmaps, MAP is pushing for the updating or crafting of industry road maps in key industries/sectors with the greatest strategic importance and/or potential massive job generation, including tourism, creative industries, agriculture and agribusiness, forestry, manufacturing, construction, responsible mining, business-process outsourcing (BPO) and micro, small and medium enterprises (MSMEs), among others.

MAP is also urging the government to expand the Department of Trade and Industry’s (DTI) program to provide shared service facilities (e.g.,

tilling, drying, processing equipment) that can be provided to small producers at a low cost. Further, MAP called for the government to assist in streamlining supply chains to link producers more directly with their markets and eliminating unnecessary middlemen.

In relation to inclusive value chains, the management organization recommends for the expansion of the scope of concern of the Department of Agriculture that goes beyond farm production to cover the entire agricultural value chains.

Still under value chains, MAP suggested developing a high-level government body or a publicprivate partnership arrangement

that will facilitate stronger publicprivate sector collaboration in setting policies, initiatives and programs to address constraints and improve supply chain performance of industries.

To monitor demand and supply conditions and gain visibility on supply market analysis, the management organization recommended the setting up a national supply chain “control tower.”

As the country continues to recover from the Covid-19 pandemic, and the deep contraction it brought to the economy, MAP said policy and program support and public investments must prioritize the

country’s two most important but also most challenged assets: its people and its lands.

“Health, nutrition, and education, especially of the young, are in crisis, and are interrelated problems that need to be urgently addressed because of their longterm consequences,” said MAP in the statement.

MAP also noted that the government should focus on the productivity of the country’s agricultural lands and coastal and inland waters as these sectors urgently need a substantial boost, especially in the face of a looming food crisis, as a consequence of recent world events.

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

TheWorld BusinessMirror

Friday, July 8, 2022

A5

Fed: Sharply higher rates may be needed to quell inflation

By Christopher Rugaber

W

AP Economics Writer

ASHINGTON—Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it.

The policymakers also acknowledged, in minutes from their June 14-15 meeting released Wednesday, that their rate hikes could weaken the economy. But they suggested that such steps were necessary to slow price increases back to the Fed’s 2 percent annual target.

The officials agreed that the central bank needed to raise its benchmark interest rate to “restrictive” levels that would slow the economy’s growth and “recognized that an even more restrictive stance could be appropriate” if inflation persisted. After last month’s meeting, the Fed raised its key rate by threequarters of a point to a range of 1.5 percent to 1.75 percent—the biggest single increase in nearly three decades—and signaled that further large hikes would likely be needed.

The Fed has been ramping up its drive to tighten credit and slow growth with inflation having reached a four-decade high of 8.6 percent, spreading to more areas of the economy. Americans are also starting to expect high inflation to last longer than they had before—a sentiment that could embed an inflationary psychology and make it harder to slow price increases.

And with midterm elections nearing, high inflation has surged to the top of Americans’ concerns, posing a threat to President Joe Biden and Democrats in Congress.

At a news conference after last month’s Fed meeting, Chair Jerome Powell suggested that a rate hike of either one-half or three-quarters of a point was likely when the policymakers next meet late this month. The minutes released Wednesday confirmed that other officials agreed that such an increase would “likely be appropriate.” A rate hike of either size would exceed the quarter-point increase that the Fed has typically carried out.

Last month, the Fed released projections that showed that the officials expect to raise their benchmark rate to 3.4 percent by the

end of this year. At that level, the Fed’s key rate would no longer stimulate growth and could weaken the economy. The minutes suggest that the policymakers could potentially raise rates above that level.

At the time of last month’s meeting, the policymakers said the economy appeared to be expanding in the April-June quarter, with consumer spending “remaining strong.”

Since then, though, the economy has shown signs of slowing, with consumer spending falling in May, after adjusting for inflation, for the first time this year. Home sales are plunging as mortgage rates have jumped, accelerated by the Fed’s rate increases.

The signs of economic sluggishness have intensified fears that high prices and rising rates could send the economy into a recession late this year or next year. Such concern has further complicated the Fed’s policymaking because a recession would normally lead it to cut rates to stimulate growth.

Some economists described the Fed’s assessment of the economy, as laid out in Wednesday’s minutes, as outdated even though it is only three weeks old. Prices for oil, wheat and other commodities are falling, wage gains are moderating and growth is slowing. Those trends may mean that the Fed’s policymakers, who have said they will be “nimble” in responding to economic data, won’t raise rates as fast as financial markets expect.

“We very much hope that the sobering data since the June meeting will push members towards the smaller hike,” of a halfpoint rather than three-quarters in July, said Ian Shepherdson, chief economist at Pantheon Macroeconomics. “They wanted to send a clear signal that they will not accommodate permanently higher inflation, but that job is done.”

The Fed had been expected to raise rates by a half-point at last month’s meeting but ended up announcing a three-quarter point

China 2Q data show economy shrinking

S

igns are mounting that China’s economy shrank in the second quarter for the first time since 2020, placing the nation’s official statistics under fresh scrutiny as analysts bet the government will avoid acknowledging that slump.

The consensus forecast from economists in a Bloomberg survey is that the government will next week report gross domestic product grew about 1.5 percent in the second quarter from a year earlier. Yet high-frequency data for June and losses in the previous two months suggest the economy contracted over that period due to the lingering effects of lockdowns in dozens of cities.

A quarterly drop in GDP, which has only happened once before, underlines China’s slower rebound from coronavirus curbs than in 2020, providing less of a boost to a struggling global economy. Debate about the accuracy of official data will likely persist this year as President Xi Jinping urges officials to strive to meet an ambitious target for annual GDP growth of about 5.5 percent, while at the same time sticking with a Covid Zero policy that requires tough restrictions wherever virus cases emerge.

“There is no plausible story that GDP growth should be positive in the second quarter,” said Logan Wright, head of China markets research at Rhodium Group. “The downturn in household consumption is very significant within both the official retail sales data and other proxies. And the property sector remains a significant drag.”

The evidence from alternative indicators is overwhelming of an ongoing slump in the economy. Travel data shows passenger trips taken on China’s roads were mostly below last year’s levels into July, according to transport figures analyzed by TS Lombard. The number of domestic flights in the quarter was down 62 percent from the same period last year, according

to data provider Variflight.

The movement of trucks carrying goods between cities, which researchers say are closely correlated with GDP, show weak activity. In the last week of June there were still about 20 percent fewer trucks on the nations roads compared to a year earlier, according to data from G7 Connect, a digital logistics firm.

In the property market, which accounts for about 20 percent of GDP, home sales remained in a deep slump in the second quarter, according to data from China Real Estate Information Corp. The figures show the market hit a bottom in May and stopped getting worse, but is nowhere near actual growth.

Car purchases, which make up about 10 percent of monthly retail sales, fell more than 10 percent in the quarter, according to Bloomberg calculations based on data from the China Association of Automobile Manufacturers.

Other independent estimates show an even worse picture than the high-frequency data. Bain & Co. predicts luxury sales in China fell 30 percent-50 percent in the second quarter from a year earlier. Nike Inc. reported a 20 percent fall in revenue from China in the three months ended in May and said it was “cautious” on the country’s recovery.

Despite those signs, Beijing would be reluctant to report a contraction in the economy. In May, Premier Li Keqiang said officials should work to ensure the economy expands over the quarter.

“Beijing will never announce a secondquarter contraction, Li Keqiang made that very clear,” Leland Miller, chief executive officer at China Beige Book, which polls Chinese companies on activity levels, told Bloomberg TV. “We think that they are going to throw a number in the 2 percent range out. Its not justified by the data.” Bloomberg News

hike instead. At his news conference afterward, Powell mentioned recent economic reports that had heightened concerns about high inflation. Those reports included inflation data for May, which showed that the pace of price increases reached a 40-year high.

Powell also cited a survey of consumer sentiment conducted

by the University of Michigan that said consumers’ longer-term inflation expectations were starting to rise more quickly. That unnerved Powell and other Fed officials, because if people expect higher inf lation, that sentiment can lead to an acceleration of prices. Workers could, for example, demand higher pay to cover

their expectation of rising bills and expenses, leading companies, in turn, to raise prices further to offset their higher labor costs.

The Fed is seeking to convince the public that it will rise to the challenge and tame the pace of price increases, with the goal of keeping Americans’ inflation expectations in check.

There is “a significant risk now facing the Fed that elevated inflation could become entrenched if the public began to question the resolve” of Fed officials to combat higher prices, the minutes said.

As a result, the minutes said, tighter credit and “clear and effective communications” are critical to controlling inflation.

A6

Friday, July 8, 2022

TheWorld BusinessMirror

Embattled UK Prime Minister Boris Johnson agrees to resign L

By Sylvia Hui & Danica Kirka The Associated Press

ONDON—Prime Minister Boris Johnson has agreed to resign, his office said Thursday, ending an unprecedented political crisis over

his future that has paralyzed Britain’s government.

An official in Johnson’s Downing Street office confirmed the prime minister would announce his resignation later. The official spoke on condition of anonymity because the announcement had not yet been made.

www.businessmirror.com.ph Johnson had rebuffed calls by his Cabinet to step down in the wake of ethics scandals.

He gave in after more than 40 ministers quit his government and told him to go.

It was not immediately clear whether Johnson would stay in office while the Conservative Party chooses a new leader,

who will replace him as prime minister.

Minutes before the news broke, Treasury chief Nadhim Zahawi called on Prime Minister Boris Johnson to resign just 36 hours after Johnson put him in the job, while another newly appointed Cabinet minister quit her post.

www.businessmirror.com.ph

TheWorld BusinessMirror

Shanghai Covid-19 cases double S in a day, fueling lockdown fears

hanghai reported the most virus infections since late May, as a doubling of cases fuels concerns China’s financial hub may find itself back in lockdown in pursuit of Covid Zero.

The city announced 54 local Covid

infections for Wednesday, including two that were found outside of quarantine, with the latter raising concerns that the virus could be quietly spreading through communities. Shanghai has already increased its mass testing, with 10 districts and parts of two

Friday, July 8, 2022 others—out of the financial hub’s total of 16—conducting two PCR tests for all residents over a three-day period.

Elsewhere, Beijing announced four new cases after authorities said We d n e s d a y t h e y h a d d e t e c t e d t h e highly infectious BA.5.2 subvariant.

A7

The capital is set to roll out China’s first ever vaccine mandate next week, limiting entry to a raft of entertainment and cultural venues to inoculated people, and requiring booster shots for several industries including medical workers. Bloomberg News

A6 A8

BusinessMirror

Friday, July 8, 2022

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

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

Brief Job Description: Manage large amount of calls, handle customer concerns EDDY HARTONO Indonesian-speaking Customer Service Officer

2.

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

NOVITA SARI Indonesian-speaking Customer Service Officer

3.

Brief Job Description: Manage large amount of calls, handle customers concerns.

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

PHAN THI NGOC DIEM Customer Service Representative Mandarin Speaking 12.

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

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

4.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking

DANG DINH SON Customer Service Representative Mandarin Speaking 5.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking

DANG THI MY HANH Customer Service Representative Mandarin Speaking 6.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking

DINH THI PHUONG NGOC Customer Service Representative Mandarin Speaking 7.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking

GUO, YUTING Customer Service Representative Mandarin Speaking 8.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking.

13.

Basic Qualification: Foreign language speaking.

9.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking

PHAM THI HONG DUYEN Customer Service Representative Mandarin Speaking 10.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking

PHAN THANH HA Customer Service Representative Mandarin Speaking 11.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking

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

Basic Qualification: Knows How to Recommend Potential Products or Services to Management by Collecting Customer Information and Analyzing Customer Needs Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knows How to Recommend Potential Products or Services to Management by Collecting Customer Information and Analyzing Customer Needs

SAE FOO, NAREE Customer Service Representative Mandarin Speaking 14.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking

BHANDARI, ASHUTOSH Business & Integration Arch Sr Manager

15.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knows How to Recommend Potential Products or Services to Management by Collecting Customer Information and Analyzing Customer Needs

Brief Job Description: Project management for custom software development, system migration/integrations.

Project management under it project lifecycle for resource planning, forecasting and requirement estimations. Spearheading entire project management activities with final accountability for project deliverables, stakeholder management, client satisfaction, schedule management, requirements management, complete SDLC execution and overall project team. Take charge of budgeting, its timely monitoring and relevant collaboration with all teams.

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

AKO ENOW, JOHNSON SW/App/Cloud Tech Support Analyst

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

Basic Qualification: Knows How to Recommend Potential Products or Services to Management by Collecting Customer Information and Analyzing Customer Needs

Brief Job Description: Perform initial triage for it issue raised by the customers; log, track and update incidents; attempt first time fix resolution for known issues, identify target resolver group and route tickets; do remote troubleshooting; install/uninstall applications for incidents raised by customers

Basic Qualification: Knows How to Recommend Potential Products or Services to Management by Collecting Customer Information and Analyzing Customer Needs Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knows How to Recommend Potential Products or Services to Management by Collecting Customer Information and Analyzing Customer Needs

Basic Qualification: Knows How to Recommend Potential Products or Services to Management by Collecting Customer Information and Analyzing Customer Needs

18.

Basic Qualification: Graduate of any 4 yrs course, preferably it OT engineering related. Strong working knowledge of the service desk function. Good knowledge level on multiple it technologies.

Excellent communications skills both written and verbal. Willing and able to work on shifting schedule.

RYU, SANGIL Tech Writing & Translation Analyst

17.

Brief Job Description: Find bugs and apply engineering rigor to reproduce and diagnose those bugs. Write concise and descriptive bug reports and present test results to other project stakeholders clearly and effectively; conduct exploratory tests to check if the product feels native and report linguistic bugs where ui text is hard to understand. Troubleshoot bugs filed to reproduce issues, verify steps to reproduce, and prioritize fixes; monitor and escalate aging bugs. Report on backlog and progress made daily/ weekly. Help set up devices.

Basic Qualification: A Korean bilingual of the localization testing project should possess the following qualifications for job eligibility: 1) strong analytical and communication skills, written and oral in both English and Korean language. 2) Outstanding interpersonal skills, the ability to influence and build relationships with clients and other.

3) manage internal and external stakeholder expectations. 4) Ability or desire to excel in the IT field.

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

ACCIONA CONSTRUCTION PHILIPPINES INC. 23/f Tower 2, The Enterprise Center Tower 2, Ayala Ave. Cor. Paseo De Roxas, San Lorenzo, City Of Makati

Brief Job Description: Schedule the project in logical steps and budget time required to meet deadlines in accordance with the overall Project. Review and assessment of logistical and supply chain factors of his area.

Ensure cost-effective construction systems and processes. Review and manage subcontractors’ plans and schedules in full accordance with his area through timely, strategic solutions where appropriate within the appointed authority limits. Prepare and deliver required reporting and presentations.

QUALIFICATION AND SALARY RANGE Basic Qualification: Engineer or Construction Management professional with at least 5 years of experience working in construction. Experience in stayed cable bridge projects. Relevant experience in joint ventures. International experience is an advantage. Fluency in English and/or a high level of Spanish is required.

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

AMUSETECH BUSINESS OUTSOURCING, OPC 2/f Rivergreen Residences, 2217 Pedro Gil St., Barangay 880, Santa Ana, City Of Manila

CHEN, CHU-YI Customer Service Representative Mandarin Speaking 19.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication mandarin speaking.

CHEN, JING-YI Customer Service Representative Mandarin Speaking

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

Basic Qualification: Bachelor’s degree graduate, having 17+ years of experience in delivering outstanding value from ERP, and supply chain implementation projects. Associated with Accenture Inc., (Manila, Philippines) for over 5 years. Experience enabling business transformation and it landscape simplification through the latest sap technologies.

Program management experience involving planning, scheduling, risk management, governance, data conversions, QA testing, change management, and ongoing support.

Excellent client relationship management skills. Experience with rapid deployment implementation methodology leveraging sap activate and agile principles.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

JANE OLIVAN, ANTONIO Senior Site Coordinator

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

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

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

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

Basic Qualification: Knows How to Recommend Potential Products or Services to Management by Collecting Customer Information and Analyzing Customer Needs

No.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication mandarin speaking.

GAO, JR-BIN Customer Service Representative Mandarin Speaking 21.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication mandarin speaking.

LI, JIA-LENG Customer Service Representative Mandarin Speaking 22.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication mandarin speaking.

LIAO, MENG-WEI Customer Service Representative Mandarin Speaking 23.

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

Basic Qualification: Knows how to recommend potential products or services to management by collecting customer information and analyzing customer needs.

Basic Qualification: Knows How to Recommend Potential Products or Services to Management by Collecting Customer Information and Analyzing Customer Needs

QUALIFICATION AND SALARY RANGE

20.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knows How to Recommend Potential Products or Services to Management by Collecting Customer Information and Analyzing Customer Needs

ESTABLISHMENT / ADDRESS

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

16.

NGUYEN HONG CHANH Customer Service Representative Mandarin Speaking

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking

PHAN THI TRANG Customer Service Representative Mandarin Speaking

8 STONE BUSINESS OUTSOURCING OPC 5-10/f Tower 1, Pitx Kennedy Road, Tambo, City Of Parañaque

BUI MINH HAI Customer Service Representative Mandarin Speaking

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

www.businessmirror.com.ph

Brief Job Description: Build sustainable relationship of trust through open and interactive communication mandarin speaking.

YANG, PO-FANG Customer Service Representative Mandarin Speaking 24.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication mandarin speaking.

Basic Qualification: Knows how to recommend potential products or services to management by collecting customer information and analyzing customer needs.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knows how to recommend potential products or services to management by collecting customer information and analyzing customer needs.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knows how to recommend potential products or services to management by collecting customer information and analyzing customer needs.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knows how to recommend potential products or services to management by collecting customer information and analyzing customer needs.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knows how to recommend potential products or services to management by collecting customer information and analyzing customer needs.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knows how to recommend potential products or services to management by collecting customer information and analyzing customer needs.

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

ANOC99 CORPORATION 5/f To 10/f Ayala Malls Manila Bay Building D., Macapagal Blvd. Cor. Aseana Street, Tambo, City Of Parañaque NANG OHNMAR OO Burmese Customer Service Representative 25.

Brief Job Description: Managing incoming calls and customer service inquires ZAR CHI KHAING Burmese Customer Service Representative

26.

Brief Job Description: Managing incoming calls and customer service inquires HADI YANTO Indonesian Customer Service Representative

27.

Brief Job Description: Managing incoming calls and customer service inquires NOVIANI Indonesian Customer Service Representative

28.

Brief Job Description: Managing incoming calls and customer service inquires RIO PRANAYA Indonesian Customer Service Representative

29.

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

SANTY Indonesian Customer Service Representative

30.

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

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

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

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

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION WONG JIA HAO Malaysian Customer Service Representative

31.

Brief Job Description: Managing incoming calls and customer service inquires BUI XUAN PHUONG Vietnamese Customer Service Representative

32.

Brief Job Description: Managing incoming calls and customer service inquires CONG VINH LONG Vietnamese Customer Service Representative

33.

Brief Job Description: Managing incoming calls and customer service inquires DANG VAN MANH Vietnamese Customer Service Representative

34.

Brief Job Description: Managing incoming calls and customer service inquires DAO SY BAC Vietnamese Customer Service Representative

35.

Brief Job Description: Managing incoming calls and customer service inquires DINH THI LAN ANH Vietnamese Customer Service Representative

36.

Brief Job Description: Managing incoming calls and customer service inquires DOAN MINH HUY Vietnamese Customer Service Representative

37.

Brief Job Description: Managing incoming calls and customer service inquires DOAN THANG Vietnamese Customer Service Representative

38.

Brief Job Description: Managing incoming calls and customer service inquires HOANG THI THAO NGUYEN Vietnamese Customer Service Representative

39.

Brief Job Description: Managing incoming calls and customer service inquires HUYNH CHI PHU Vietnamese Customer Service Representative

40.

Brief Job Description: Managing incoming calls and customer service inquires HUYNH HUY AN Vietnamese Customer Service Representative

41.

Brief Job Description: Managing incoming calls and customer service inquires HY PHU DAU Vietnamese Customer Service Representative

42.

Brief Job Description: Managing incoming calls and customer service inquires LE QUANG TRUONG Vietnamese Customer Service Representative

43.

Brief Job Description: Managing incoming calls and customer service inquires LE VAN DUC Vietnamese Customer Service Representative

44.

Brief Job Description: Managing incoming calls and customer service inquires LIEU CAM NGUYEN Vietnamese Customer Service Representative

45.

Brief Job Description: Managing incoming calls and customer service inquires LIU HI BINH Vietnamese Customer Service Representative

46.

Brief Job Description: Managing incoming calls and customer service inquires LUONG MAI NGOC Vietnamese Customer Service Representative

47.

Brief Job Description: Managing incoming calls and customer service inquires LUU MAI YEN NHI Vietnamese Customer Service Representative

48.

Brief Job Description: Managing incoming calls and customer service inquires NGUYEN DUC TRUONG Vietnamese Customer Service Representative

49.

Brief Job Description: Managing incoming calls and customer service inquires NGUYEN DUY DUC Vietnamese Customer Service Representative

50.

Brief Job Description: Managing incoming calls and customer service inquires NGUYEN HONG QUAN Vietnamese Customer Service Representative

51.

Brief Job Description: Managing incoming calls and customer service inquires NGUYEN THI ANH Vietnamese Customer Service Representative

52.

Brief Job Description: Managing incoming calls and customer service inquires NGUYEN THI THANH Vietnamese Customer Service Representative

53.

Brief Job Description: Managing incoming calls and customer service inquires

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Able to speak, read, and write Chinese language

No.

NGUYEN THI THUY DUONG Vietnamese Customer Service Representative 54.

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

55.

56.

57.

58.

59.

60.

61.

62.

63.

64.

65.

66.

67.

XU, ZHIWEI HR Supervisor 68.

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

69.

Brief Job Description: Work with other members of the TAS Learning & Development team.

MANGLANI, SACHINDAR Sales Manager 70.

Brief Job Description: Hiring, training, and providing professional development

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

71.

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

No.

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

73.

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

SHEN, ZIYU Chinese Business Consultant 74.

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

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

75.

76.

77.

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

78.

Salary Range: Php 30,000 - Php 59,999 79.

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

72.

HUYNH DANG KHOA Vietnamese Language - Officer Marketing Brief Job Description: Initiate conversation to uncover customer needs.

LANH DUC HOAI Vietnamese Language - Supervisor Marketing Brief Job Description: Initiate conversation to uncover customer needs.

Brief Job Description: Ensuring all cables are neatly tied and bundled according to safety regulations

LIAO, YONGLIANG Chinese Speaking Cabling Infrastructure Technician 80.

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

Brief Job Description: Ensuring all cables are neatly tied and bundled according to safety regulations

LIN, YAOTING Chinese Speaking Cabling Infrastructure Technician

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

Brief Job Description: Ensuring all cables are neatly tied and bundled according to safety regulations

LI, XIAOWEN Chinese Speaking Cabling Infrastructure Technician

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

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

Brief Job Description: • Provide in-depth operational information and advice regarding the primary industry in the project’s jurisdiction

JIN, RUIMIN Chinese Speaking Cabling Infrastructure Technician

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

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

Brief Job Description: • Provide in-depth operational information and advice regarding the primary industry in the project’s jurisdiction

YU, CONGRUI Chinese Business Consultant

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

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

Brief Job Description: • Provide in-depth operational information and advice regarding the primary industry in the project’s jurisdiction

WANG, YUFENG Chinese Business Consultant

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

Brief Job Description: Provide in-depth operational information and advice regarding the primary industry in the project’s jurisdiction

SONG, SHUANG Chinese Business Consultant

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

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

Brief Job Description: Responsible for the efficient and smooth operation of the full scope on our accommodation vessel.

81.

Brief Job Description: Monitor network performance and troubleshoots problem areas as required.

Salary Range: Php 30,000 - Php 59,999 MA, HUI Chinese Speaking Cabling Infrastructure Technician 82.

Basic Qualification: Conducting interviews, recruiting and employee monitoring.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Work with other members of the TAS Learning & Development team.

83.

Basic Qualification: Understanding and knowledge of sales and marketing

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

BOSKALIS PHILIPPINES INC. Unit 3701, 3801 The Orient Square, F. Ortigas Jr. Road, Ortigas Center, San Antonio, City Of Pasig

Brief Job Description: • Ensuring all cables are neatly tied and bundled according to safety regulations

XIE, LIANGLIANG Chinese Speaking Cabling Infrastructure Technician 85.

Brief Job Description: • Ensuring all cables are neatly tied and bundled according to safety regulations

ZHANG, KUN Chinese Speaking Cabling Infrastructure Technician 86.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be fluently speak and write Vietnamese language, can work under pressure.

Brief Job Description: Ensuring all cables are neatly tied and bundled according to safety regulations

SHI, QINGCHENG Chinese Speaking Cabling Infrastructure Technician 84.

Basic Qualification: Must be fluently speak and write Vietnamese language, can work under pressure.

Brief Job Description: Ensuring all cables are neatly tied and bundled according to safety regulations

MU, LIN Chinese Speaking Cabling Infrastructure Technician

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

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

QUALIFICATION AND SALARY RANGE Basic Qualification: Minimum 5 years relevant work experience in an MCSV. Preferably with experience in an international dredging and land development industry environment.

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

CHINA COMMUNICATIONS SERVICES PHILIPPINES CORPORATION 21st Floor Menarco Tower, 32nd Street, Bonifacio Global City, Fort Bonifacio, City Of Taguig

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

TAYLOR, SHARON ANNE MCSV Manager

BIGCAT SOFTWARE SOLUTIONS, INC. 18/f Pbcom Tower, 6795 Ayala Avenue Cor. Rufino Street, Salcedo Vill., Bel-air, City Of Makati

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

QUALIFICATION AND SALARY RANGE

BALAJI IMPEX TRADING INC. No. 542 N. S., Amoranto, Saint Peter, Quezon City

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

Brief Job Description: Conducting interviews, recruiting and employee monitoring.

ZHANG, YAFEI Learning And Development Specialist

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

Brief Job Description: Managing incoming calls and customer service inquires

A9

ESTABLISHMENT / ADDRESS

AVANZADO OUTSOURCING SERVICES CORP. Unit 25d, 2/f Zeta Ii Bldg., 191 Salcedo St., San Isidro, City Of Makati

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

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

VU DINH HUONG Vietnamese Customer Service Representative

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

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

VONG LOI Vietnamese Customer Service Representative

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

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

TRAN VINH HUNG Vietnamese Customer Service Representative

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

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

TRAN QUANG SON Vietnamese Customer Service Representative

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

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

TCHING HUE HA Vietnamese Customer Service Representative

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

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

PHAN DO TRIEU Vietnamese Customer Service Representative

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

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

PHAM VAN THAI Vietnamese Customer Service Representative

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

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

PHAM TUAN ANH Vietnamese Customer Service Representative

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

Brief Job Description: Managing incoming calls and customer service inquires PHAM THI HUYEN TRANG Vietnamese Customer Service Representative

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

Brief Job Description: Managing incoming calls and customer service inquires PHAM MANH CUONG Vietnamese Customer Service Representative

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

Brief Job Description: Managing incoming calls and customer service inquires NONG THI THANH THAO Vietnamese Customer Service Representative

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

Brief Job Description: Managing incoming calls and customer service inquires NGUYEN VAN HUYEN Vietnamese Customer Service Representative

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

Brief Job Description: Managing incoming calls and customer service inquires NGUYEN THI THUY QUYNH Vietnamese Customer Service Representative

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Friday, July 8, 2022

Brief Job Description: • Ensuring all cables are neatly tied and bundled according to safety regulations

ZHANG, XIAORONG Chinese Speaking Cabling Infrastructure Technician 87.

Brief Job Description: • Ensuring all cables are neatly tied and bundled according to safety regulations

Basic Qualification: Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: • Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: • Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: • Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Bachelor’s degree in business management or related field 1-2 years experience Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: • Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: • Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: • Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: • Excellent oral and written communication both in English and Mandarin Chinese; strong public speaking skills Salary Range: Php 30,000 - Php 59,999

CHINA OCEANIS PHILIPPINES, INC. The Boardwalk, Quirino Grandstand Luneta Park, Barangay 72, Tondo I/ii, City Of Manila

BusinessMirror

A10 A6 Friday, July 8, 2022

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION VAN KAM WENG Treasurer / General Manager

88.

Brief Job Description: Directly reporting to CEO/President; implement effective brand strategy

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With 15 years related experience; fluent in Mandarin/English language

89.

Brief Job Description: Answers telephone, email, chat queries related to HR with the use of Vietnamese language

XU, XIANBANG Customer Experience Associate 90.

Brief Job Description: Answers telephone, email, chat queries related to HR with the use of Chinese (Mandarin) language

105.

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

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

NGUYEN THI DUNG Customer Experience Associate

No.

Basic Qualification: At Least 2nd Year College or Senior High School Graduate; Minimum 6 Months BPO Experience; Fluent in English and Vietnamese Language Salary Range: Php 60,000 - Php 89,999

106.

107.

91.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs XU, JICHAO Mandarin Speaking Customer Service Representative

92.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs

Basic Qualification: Proficient in speaking, reading and writing in mandarin

108.

93.

Brief Job Description: Responsible for analyzing, designing and developing commercially viable end-to-end technical solutions for the customers.

KUMAR, PRABHAKARAN Solutions Architect

94.

Brief Job Description: Subject Expert in Radio Technology, responsible for analyzing, designing and developing end-to-end technical solutions for the customers

95.

Brief Job Description: Preparing marketing reports by collecting analyzed sales data HUANG, ZHENCHEN Marketing Staff

96.

Brief Job Description: Does promotional activities reporting to Marketing Manager

110.

Brief Job Description: Customer Service

Brief Job Description: Supports Customers by Providing Helpful Information, Answering Queries and Responding to Complaints

Brief Job Description: Supports Customers by Providing Helpful Information, Answering Queries and Responding to Complaints

JONG LOONG BIN Customer Service Representative Brief Job Description: Customer Service

LEE KAH JING Customer Service Representative Brief Job Description: Customer Service

NI MADE YULI RACHMAWATI Customer Service Representative 111.

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

Basic Qualification: -

112.

113.

Basic Qualification: With Good Oral and Communicating Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Good Oral and Communicating Skills Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Supports Customers by Providing Helpful Information, Answering Queries and Responding to Complaints

OVINA WONGSO TEDIE Customer Service Representative

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

FDM FREEWORLD MARKETING INC. 501 Alabang, Zapote Rd., Almanza Uno, City Of Las Piñas YAN, WEI Marketing Coordinator

ZHANG, LAI Call Center Agent

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

ERICSSON TELECOMMUNICATIONS, INC. 29 Floor Twenty-five Seven Mckinley Bulding, 25th Street Corner, 7th Avenue, Bonifacio Global City, Fort Bonifacio, City Of Taguig GHASEMI BOSTANABAD, EHSAN Senior Solution Architect

109.

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

Brief Job Description: Customer Service

EDY HARIANTO Customer Service Representative

EASYTECH SUPPORT INC. 9-11/f, 14/f Capella Bldg., Asean Drive Filinvest, Alabang, City Of Muntinlupa SUN, AO Mandarin Speaking Customer Service Representative

ZENG, SHUAI Call Center Agent

BAMBANG GUNAWAN Customer Service Representative

Basic Qualification: At least 2nd year college or senior high school graduate; minimum 6 months BPO experience; fluent in English and Chinese (Mandarin) language Salary Range: Php 60,000 - Php 89,999

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

114.

Brief Job Description: Supports Customers by Providing Helpful Information, Answering Queries and Responding to Complaints

VU VAN TUYEN Customer Service Representative Brief Job Description: Customer Service

YU, XINGFU Customer Service Representative Brief Job Description: Customer Service

97.

98.

99.

100.

101.

102.

103.

104.

JIANG, XIAODONG Call Center Agent Brief Job Description: Customer Service

NGUYEN THI TRA MY Call Center Agent Brief Job Description: Customer Service

RUAN, WEISONG Call Center Agent Brief Job Description: Customer Service

WANG, DINGDING Call Center Agent Brief Job Description: Customer Service

WANG, LEI Call Center Agent Brief Job Description: Customer Service

XIE, KUNHONG Call Center Agent Brief Job Description: Customer Service

YANG, SIJING Call Center Agent Brief Job Description: Customer Service

YUE, QIUJU Call Center Agent Brief Job Description: Customer Service

Basic Qualification: College Graduate/Level and Fluent in Mandarin and Basic English MENG, XIANGRUI Sales Department Head Of Consumer Business Group

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/level and fluent in Mandarin/ basic English

115.

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

Brief Job Description: 1. Responsible for the Sales Department of Huawei terminals in the Philippines. 2. Administer process and rules of sales team and support the team and business process.

Basic Qualification: College Graduate/level and fluent in Mandarin/ basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/level and fluent in Mandarin/ basic English

HAN, DEUKSOO Marketing Supervisor 116.

Brief Job Description: Coordinate with team Korea for managing brand and to promote

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin and Basic English Salary Range: Php 30,000 - Php 59,999

118.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/level and fluent in Mandarin/ basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, Preferably with Customer Service or Sales Experience, Fluent in Mandarin and Basic English

119.

120.

121.

122.

123.

124.

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

Basic Qualification: 1. Must have work experience for Sales Department in a Telecommunication company preferably in a director or senior manager level. 2. With excellent professional skills in Sales and business management.

3. Graduated with a Bachelor’s Degree in Business Management, Marketing or other related courses. 4. Highly proficient in Chinese and English language.

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

VU VIET HUNG Vietnamese Customer Support Representative

125.

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

NGUYEN PHUNG CUONG Vietnamese Customer Support Specialist 126.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin and Basic English

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

PHAM THI HONG Vietnamese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/level and fluent in Mandarin/ basic English

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

NGUYEN VAN TUAN Vietnamese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, Preferably with Customer Service or Sales Experience, Fluent in Mandarin and Basic English

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

NGUYEN VAN NHAT Vietnamese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, Preferably with Customer Service or Sales Experience, Fluent in Mandarin and Basic English

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

DUONG THE VINH Vietnamese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin and Basic English

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

SHI, TIANJIAN Mandarin Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin and Basic English

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

HU, WANGTAI Mandarin Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, Preferably with Customer Service or Sales Experience, Fluent in Mandarin and Basic English

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION JACKSON GOH CHIN HOCK Malaysian Customer Support Specialist

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

NGUYEN VAN BAC Vietnamese Customer Support Specialist 127.

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

Basic Qualification: Know how to speak Korean and English Salary Range: Php 30,000 - Php 59,999

117.

NDOUNGOH, MBITOCK SYLVIE HR Contact Center Representative - French Language Brief Job Description: Please see attached employment contract

Basic Qualification: Candidate must possess at least a Bachelor’s/ College Degree, preferably Human Resources or equivalent, Excellent verbal and written communications skills required in English and French. Similar work experience of at least 1-2 years especially in a BPO or similar fastpaced setting. Good English Communication (verbal & non-verbal) skills. Basic computer and internet navigation skills.

Amenable to working in shifting/night schedule.

Intermediate in MS Excel.

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

INVECH TREASURE PROCESSING CORPORATION 3rd Floor, E Six West Campus Le Grand Avenue, Mckinley West,, Fort Bonifacio, City Of Taguig

QUALIFICATION AND SALARY RANGE Basic Qualification: Able to speak and write in MALAY and at least college level with related BPO experience.

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

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

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

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

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

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

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

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

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

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

JOLLIBEE FOODS CORPORATION 4th - 10th, 32nd & 34th Floor Jollibee Plaza Condo.,, F. Ortigas Ave., Ortigas Center,, San Antonio, City Of Pasig DUFFY, CIARAN Vice President, Head, Research & Development (R&D)

128.

Brief Job Description: Actualization of country r&d set-up - streamlining of accountability, determining which projects will go to bu; champion taste superiority and support bu in guidelines, policies, frameworks, harmonize standards across brands; faster turnaround of product development; succession for r&d critical positions; continuous creation or innovation of winning products and ensuring consistency quality across markets and brands; creating long term and strategic projects for r&d; establishing the policies and guidelines; establishing the roles and clear cuts of bu and region r&d.

Basic Qualification: With progressive or broad experience in meat and bakery r&d or; acquired significant expertise in culinary-related r&d outside meat and bakery (e.g., commissary headship or food manufacturing r&d); has successfully launched and commercialized in a new product innovation which translated to sales or contributed to business growth; Salary Range: Php 500,000 and above

LIXIL PHILIPPINES INC. 2201-t Sm Aura Tower 26th Street Corner Mckinley Parkway, Bonifacio Global City, Fort Bonifacio, City Of Taguig

INOUE, TAKATSUNA Japanese Sales Specialist 129.

IBM BUSINESS SERVICES, INC. 8th Floor, 1800 Bldg., Eastwood City, Libis, Quezon City

Basic Qualification: College Graduate/Level and Fluent in Mandarin and Basic English

Basic Qualification: College Graduate/level and fluent in Mandarin/ basic English

Basic Qualification: College Graduate/level and fluent in Mandarin/ basic English

No.

HUMMINGPLUS PHILS, INC. 13 J Bocobo St., Xavierville I, Loyola Heights, Quezon City

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

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

QUALIFICATION AND SALARY RANGE

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/level and fluent in Mandarin/ basic English

ESTABLISHMENT / ADDRESS

HUAWEI TECHNOLOGIES PHILS. INC. U-5302, 53/f Pbcom Tower, 6795 Ayala Ave., Cor., V.a. Rufino St., Bel-air, City Of Makati

FLYING DRAGON NETWORK PHILIPPINES INC. Ri Rance Ii Bldg., Block 2 Lot 3 Aseana City, Tambo, City Of Parañaque

www.businessmirror.com.ph

Brief Job Description: Contribute to penetrate INAX brands and expand the sales; seek sales opportunity and following up cooperation with Lixil overseas entity for Japanese customers (housemaker/developer)

Basic Qualification: JLPT N1 passer; Fluent in Japanese and English (Speak, read and write).

At least 5 years working experience in the same field. Strong verbal, visual and written communication skills with the ability to explain approach to all levels of organization. Extensive knowledge in the same industry is preferred Salary Range: Php 90,000 - Php 149,999

LUCKY365 CONSULTING LIMITED CORP. U/18a 18f 18/f Trafalgar Plaza, 105 H.v. Dela Costa St., Bel-air, City Of Makati CHENG, YUE Mandarin Speaking Marketing Officer 130.

Brief Job Description: Develop strategies for more effective sales of prospective Chinese clients

Basic Qualification: Fluent in Mandarin and English Salary Range: Php 30,000 - Php 59,999

MCP BUSINESS CONSULTANCY INC. Gmf Bldg., Unit B Armstrong Avenue Cor., Yosemite Subd.,, Moonwalk, City Of Parañaque

LU, WEN-HSUAN Management Consultant 131.

Brief Job Description: To guide clients through all procedures required and responsible for furnishing clients with relevant information.

Basic Qualification: Bachelor’s degree in Business Management, Excellent Communication skills verbal or written.

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

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION PARK, JINWOO Management Consultant

132.

Brief Job Description: To guide clients through all procedures required and responsible for furnishing clients with relevant information LEE, BONGJIN Marketing Specialist

133.

Brief Job Description: To guide clients through all procedures required and responsible for furnishing clients with relevant information JEON, HYO JUN Operation Assistant

134.

Brief Job Description: To guide clients through all procedures required and responsible for furnishing clients with relevant information GANKHUYAG, TUGULDUR Operation Supervisor

135.

Brief Job Description: To guide clients through all procedures required and responsible for furnishing clients with relevant information JIN, CHUNSHI Sales Consultant

136.

Brief Job Description: To guide clients through all procedures required and responsible for furnishing clients with relevant information.

HONG, YOU-CHENG Visa Consultant

137.

Brief Job Description: To guide clients through all procedures required and responsible for furnishing clients with relevant information.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Bachelor’s Degree in Business Management, Excellent Communication skill verbal or written

No.

152.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Bachelor’s Degree in Business Management, Excellent Communication skill verbal or written

153.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Bachelor’s Degree in Business Management, Excellent Communication skill verbal or written

154.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Bachelor’s Degree in Business Management, Excellent Communication skill verbal or written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Bachelor’s degree in Business Management, Excellent Communication skills verbal or written.

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

155.

156.

157.

Basic Qualification: Bachelor’s degree in Business Management, Excellent Communication skills verbal or written.

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

158.

MOA CLOUDZONE CORP. 4th-11th Flr. Nexgen Tower, C4 Rd. Edsa Ext., Barangay 76, Pasay City CHAN PYAE PHYO AUNG Burmese Customer Service Representative 138.

Brief Job Description: Managing incoming calls and customer service inquires KYONE SHIN Burmese Customer Service Representative

139.

Brief Job Description: Managing incoming calls and customer service inquiries LU CHAUK AN Burmese Customer Service Representative

140.

Brief Job Description: Managing incoming calls and customer service inquiries LWIN CHAE Burmese Customer Service Representative

141.

Brief Job Description: Managing incoming calls and customer service inquiries SAI AYE MAUNG Burmese Customer Service Representative

142.

Brief Job Description: Managing incoming calls and customer service inquiries SAW AM KYI Burmese Customer Service Representative

143.

Brief Job Description: Managing incoming calls and customer service inquiries TIN WIN HLAING Burmese Customer Service Representative

144.

145.

146.

147.

148.

149.

150.

151.

Brief Job Description: Managing incoming calls and customer service inquires CAI, KANG Call Center Agent Brief Job Description: Customer service

CHEE CHIN YEN Call Center Agent Brief Job Description: Customer service.

GOH YEN NI Call Center Agent Brief Job Description: Customer service.

HUANG, FANG Call Center Agent Brief Job Description: Customer service.

LIM JIN AN Call Center Agent Brief Job Description: Customer Service.

LUO, DOUJIANNAN Call Center Agent Brief Job Description: Customer service.

ONG WEI HONG Call Center Agent Brief Job Description: Customer Service.

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

159.

160.

161.

162.

163.

164.

165.

166.

167.

168.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / Basic English.

169.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

YANG, JIANBO Call Center Agent Brief Job Description: Customer service.

ZHAI, HUA Call Center Agent Brief Job Description: Customer Service.

ZHANG, ZIPENG Call Center Agent Brief Job Description: Customer service.

Brief Job Description: Managing incoming calls and customer service inquires

Brief Job Description: Managing incoming calls and customer service inquires

Brief Job Description: Managing incoming calls and customer service inquires

Brief Job Description: Managing incoming calls and customer service inquires

Brief Job Description: Managing incoming calls and customer service inquiries

Brief Job Description: Managing incoming calls and customer service inquiries

Brief Job Description: Managing incoming calls and customer service inquires

Brief Job Description: Managing incoming calls and customer service inquires ZHANG, SHITONG Chinese Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level, and Fluent in Mandarin/ Basic English.

Brief Job Description: Customer Service.

YANG, YUHAN Chinese Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level, and Fluent in Mandarin/ Basic English.

TAN KOK FAI Call Center Agent

YANG, HAO Chinese Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level, and Fluent in Mandarin/ Basic English

Brief Job Description: Customer service.

WU, DI Chinese Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to Speak, Read, and Write Chinese Language

SU, QINGHUI Call Center Agent

WEI, JINZHONG Chinese Customer Service Representative

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

Brief Job Description: Customer Service.

TANG, KAI Chinese Customer Service Representative

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

SU, JIANGLU Call Center Agent

LIAO, YONGQUAN Chinese Customer Service Representative

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

Brief Job Description: Customer service.

LI, SHUHAO Chinese Customer Service Representative

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

QIU, GUIJIANG Call Center Agent

LI, HUANAN Chinese Customer Service Representative

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

170.

Brief Job Description: Managing incoming calls and customer service inquires CHAU THI TUOI Customer Service Representative Brief Job Description: Customer service.

DAM KIM LUYEN Customer Service Representative Brief Job Description: Customer service

DINO CHEN SIAN YEN Customer Service Representative Brief Job Description: Customer service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level, and Fluent in Mandarin/ Basic English.

171.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

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

172.

DUONG CONG DENH Customer Service Representative Brief Job Description: Customer Service

HO KIM DONG Customer Service Representative Brief Job Description: Customer service

Friday, July 8, 2022

A11

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: College Graduate/Level, and Fluent in Mandarin/ Basic English.

No.

173.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

174.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level, and Fluent in Mandarin/ Basic English.

175.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

176.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level, and Fluent in Mandarin/ Basic English.

177.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

178.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level, and Fluent in Mandarin/ Basic English.

179.

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

180.

Basic Qualification: Able to Speak, Read, and Write Chinese Language Salary Range: Php 30,000 - Php 59,999

181.

Basic Qualification: Able to Speak, Read, and Write Chinese Language Salary Range: Php 30,000 - Php 59,999

182.

Basic Qualification: Able to Speak, Read, and Write Chinese Language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language

183.

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

184.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to Speak, Read, and Write Chinese Language

185.

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

186.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / Basic English.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English

187.

188.

189.

190.

191.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION HOANG THI HAU Customer Service Representative Brief Job Description: Customer Service

HOANG TU LINH Customer Service Representative Brief Job Description: Customer service.

LE THI HA TRINH Customer Service Representative Brief Job Description: Customer Service

LIU, FANGHUA Customer Service Representative Brief Job Description: Customer Service

LUONG THI HUE Customer Service Representative Brief Job Description: Customer service

LUONG TUAN DUONG Customer Service Representative Brief Job Description: Customer service

LY VONG SAU Customer Service Representative Brief Job Description: Customer Service

MIEU NHUC PHONG Customer Service Representative Brief Job Description: Customer service

NGUYEN CONG HOC Customer Service Representative Brief Job Description: Customer service

NGUYEN QUOC TUNG Customer Service Representative Brief Job Description: Customer Service

NGUYEN THI KIM TUYEN Customer Service Representative Brief Job Description: Customer Service

NGUYEN THI MAY Customer Service Representative Brief Job Description: Customer service.

NGUYEN THI THANH TRUC Customer Service Representative Brief Job Description: Customer service

PENNY TAN Customer Service Representative Brief Job Description: Customer service.

SENG KOON PENG Customer Service Representative Brief Job Description: Customer service

SIAH CHUN LONG Customer Service Representative Brief Job Description: Customer Service

TRAM VAN DO Customer Service Representative Brief Job Description: Customer Service

UNG SAU PHU Customer Service Representative Brief Job Description: Customer service

VU THI HUYEN Customer Service Representative

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

Brief Job Description: Customer Service

Basic Qualification: College graduate/level and fluent in Mandarin / basic English

VU THI YEN Customer Service Representative

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

192.

Brief Job Description: Customer service.

QUALIFICATION AND SALARY RANGE Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / Basic English.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / Basic English.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / Basic English.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / Basic English.

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

BusinessMirror

A12 A6 Friday, July 8, 2022

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION ABDAN FAUZI Indonesian Customer Service Representative

193.

Brief Job Description: Managing incoming calls and customer service inquires ARIF AJAR KALIMOSODO Indonesian Customer Service Representative

194.

Brief Job Description: Managing incoming calls and customer service inquires SUPARDI Indonesian Customer Service Representative

195.

Brief Job Description: Managing incoming calls and customer service inquiries BUI DINH NGOC Vietnamese Customer Service Representative

196.

Brief Job Description: Managing incoming calls and customer service inquires DANG THI PHUONG Vietnamese Customer Service Representative

197.

Brief Job Description: Managing incoming calls and customer service inquires DAO QUOC TRUNG Vietnamese Customer Service Representative

198.

Brief Job Description: Managing incoming calls and customer service inquires DAO VAN DUC Vietnamese Customer Service Representative

199.

Brief Job Description: Managing incoming calls and customer service inquires HOANG THI PHUONG Vietnamese Customer Service Representative

200.

Brief Job Description: Managing incoming calls and customer service inquires HOANG TRONG MY Vietnamese Customer Service Representative

201.

Brief Job Description: Managing incoming calls and customer service inquires HOANG XUAN MINH Vietnamese Customer Service Representative

202.

Brief Job Description: Managing incoming calls and customer service inquiries LUU BA HIEP Vietnamese Customer Service Representative

203.

Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN ANH NAM Vietnamese Customer Service Representative

204.

Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN HUU NHAT Vietnamese Customer Service Representative

205.

Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN THANH HUY Vietnamese Customer Service Representative

206.

Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN THI HONG NHUNG Vietnamese Customer Service Representative

207.

Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN THI THUY VI Vietnamese Customer Service Representative

208.

Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN VAN CHUNG Vietnamese Customer Service Representative

209.

Brief Job Description: Managing incoming calls and customer service inquiries NINH THI THUY NGA Vietnamese Customer Service Representative

210.

Brief Job Description: Managing incoming calls and customer service inquiries PHUNG NGOC LONG Vietnamese Customer Service Representative

211.

Brief Job Description: Managing incoming calls and customer service inquiries THAN DUC HAI Vietnamese Customer Service Representative

212.

Brief Job Description: Managing incoming calls and customer service inquiries TRAN VAN VIEN Vietnamese Customer Service Representative

213.

Brief Job Description: Managing incoming calls and customer service inquiries TRIEU VAN THUY Vietnamese Customer Service Representative

214.

Brief Job Description: Managing incoming calls and customer service inquiries TRINH CONG PHONG Vietnamese Customer Service Representative

215.

Brief Job Description: Managing incoming calls and customer service inquiries

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

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

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

JHANSON THOMAS Indonesian Customer Service Representative 216.

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

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

217.

218.

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

219.

220.

221.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read and write Chinese language 222.

Salary Range: Php 30,000 - Php 59,999 223.

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

FENG, XUE Chinese Customer Service Brief Job Description: Customer support and data base services

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

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

HUANG, ZHONGCAN Chinese Customer Service 224.

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

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

HUANG, PENG Chinese Customer Service

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

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

Brief Job Description: The Mandarin Mechanical Superintendent will be a strategist and a leader able to steer the company to the most profitable direction while also implementing its vision, mission and long term goals.

HUANG, HONGRUI Chinese Customer Service

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

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

Brief Job Description: Supervises trading activities for tennis

CHEN, GUILIN Chinese Customer Service

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

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

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

JIANG, CHUNPING Chinese Customer Service 225.

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

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

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

226.

LI, PING Chinese Customer Service Brief Job Description: Customer support and data base services

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

LI, ZHENG Chinese Customer Service 227.

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

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

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

SHAO, QINGYOU Chinese Customer Service 228.

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

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

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

Basic Qualification: Graduate 4 Years Bachelor Degree With Critical Thinking and Problem Solving Skills

No.

Basic Qualification: Graduate 4 Years Bachelor Degree With Critical Thinking and Problem Solving Skills Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College degree or equivalent qualification

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

230.

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

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

HENG MUYHEANG Customer Service Representative 231.

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

JURIANTO Customer Service Representative 232.

Salary Range: Php 500,000 and above

Basic Qualification: Proven experience as Mandarin Mechanical Superintendent, excellent communication, interpersonal and presentation skills.

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

WANG, YAZHOU Chinese Customer Service 229.

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

LIN, TSUI-PING Customer Service Representative 233.

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

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

NEW ORIENTAL CLUB88 CORPORATION 3rd, 5th, 6th, 7th, 8th, 9th & 10th/f, Pearl Marina Building Pacific Drive, Don Galo, City Of Parañaque Sky Garage Bldg., Aseana Avenue, Entertainment City, Tambo, City Of Parañaque 1331 Pearl Plaza Bldg., Quirino Ave., Tambo, City Of Parañaque

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

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

WOOD, MICHAEL CHARLES Head Of Tennis

FU, GUOCHENG Mandarin Mechanical Superintendent

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

QUALIFICATION AND SALARY RANGE

NEPC POWER CONSTRUCTION CORP. 15/f Cyber One Bldg., Eastwood Cyberpark City, Bagumbayan, Quezon City

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

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

ESTABLISHMENT / ADDRESS

NCH CUSTOMER SUPPORT SERVICES, INC. Flr. No. 6/f, 7/f, Tower 3 West Bldg., Double Dragon Plaza, Edsa Ext. Cor. Macapagal Ave. St., Barangay 76, Pasay City

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

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

NGURAH KADEK ARYA KEPAKISAN Indonesian Customer Service Representative

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

www.businessmirror.com.ph

NOPRIANTO Customer Service Representative 234.

Basic Qualification: College graduate, preferably 1 year experience in the similar field, speaks and write fluently (native language).

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

YUTRI LINOKI LIYU Customer Service Representative 235.

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999

236.

237.

238.

239.

240.

241.

Basic Qualification: College graduate, preferably 1 year experience in the similar field, speaks and write fluently (native language).

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

Basic Qualification: College graduate, preferably 1 year experience in the similar field, speaks and write fluently (native language).

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

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

CHUNG WEI CHYUNG Malaysian Customer Service Brief Job Description: Customer support and data base services.

JOHNIEL CHAN CHI KIT Malaysian Customer Service 242.

243.

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

Basic Qualification: College graduate, preferably 1 year experience in the similar field, speaks and write fluently (native language).

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

CHONG KINN LYNN Malaysian Customer Service

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999

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

CHONG DICK WENG Malaysian Customer Service

Basic Qualification: College graduate, preferably 1 year experience in the similar field, speak and write fluently (native language & English) Salary Range: Php 30,000 - Php 59,999

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

CHONG BOON KEAN Malaysian Customer Service

Basic Qualification: College graduate, preferably 1 year experience in the similar field, speaks and write fluently (native language).

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

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

CHANG AI JING Malaysian Customer Service

Basic Qualification: College graduate, preferably 1 year experience in the similar field, speaks and write fluently (native language).

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

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

HERMAWAN Indonesian Customer Service

Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language) Salary Range: Php 30,000 - Php 59,999

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

244.

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

LEE CHEE SENG Malaysian Customer Service Brief Job Description: Customer support and data base services

LEONG CHEE CHOONG Malaysian Customer Service Brief Job Description: Customer support and data base services

QUALIFICATION AND SALARY RANGE Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language) Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language) Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably 1 year experience in the similar field, speak and write fluently (native language & English) Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably 1 year experience in the similar field, speak and write fluently (native language & English) Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably 1 year experience in the similar field, speak and write fluently (native language & English) Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language) Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably 1 year experience in the similar field, speaks and write fluently (native language).

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language) Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language) Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably 1 year experience in the similar field, speaks and write fluently (native language).

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably 1 year experience in the similar field, speak and write fluently (native language & English) Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

245.

246.

247.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

LIYU FONG SONG Malaysian Customer Service Brief Job Description: Customer support and data base services

NG CHING SENG Malaysian Customer Service Brief Job Description: Customer support and data base services

NG MUN CHUN Malaysian Customer Service Brief Job Description: Customer support and data base services

AIKE KAUNG Myanmari Customer Service 248.

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

AUNG KYI KHANT Myanmari Customer Service 249.

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

BAWM YING Myanmari Customer Service 250.

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

NANG LOA NUM SAING Myanmari Customer Service 251.

252.

253.

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

SAPAL PHYU Myanmari Customer Service Brief Job Description: Customer support and data base services

HONG, MEI-ROU Taiwanese Customer Service Brief Job Description: Customer support and data base services

HSIEH, YING-TING Taiwanese Customer Service 254.

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

HUANG, YU-SHAN Taiwanese Customer Service 255.

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

HOANG THI HIEU Vietnam Customer Service 256.

257.

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

BUI DUC TIEP Vietnamese Customer Service Brief Job Description: Customer support and data base services

CHAU MY VAN Vietnamese Customer Service 258.

259.

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

DAO VAN TUONG Vietnamese Customer Service Brief Job Description: Customer support and data base services

DAU DUC TIEN Vietnamese Customer Service 260.

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

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

No.

261.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

262.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

263.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language)

264.

265.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language)

266.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably 1 year experience in the similar field, speak and write fluently (native language & English)

DINH THANH LAM Vietnamese Customer Service Brief Job Description: Customer support and data base services

HA CONG DUAN Vietnamese Customer Service Brief Job Description: Customer support and data base services

HA VAN HAI Vietnamese Customer Service Brief Job Description: Customer support and data base services

HOANG VAN HUY Vietnamese Customer Service

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

267.

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

HOANG VAN KHOA Vietnamese Customer Service Brief Job Description: Customer support and data base services

HOANG VAN TY Vietnamese Customer Service Brief Job Description: Customer support and data base services

LE HOANG GIANG Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: knowledgeable in computer application with good oral and written communication skills

268.

LE NGOC SON Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

269.

LE PHUC BANG Vietnamese Customer Service Brief Job Description: Customer support and data base services

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

270.

LE THANH HUY Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language)

271.

LE THI NGA Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language)

272.

LE VAN HUU Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

273.

LE VAN KIEN Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate, Preferably 1 year experience in the same field, Speaks and write (Native Language)

274.

MA THI NIEM Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

275.

NGUYEN CONG DIEN Vietnamese Customer Service Brief Job Description: Customer support and data base services

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

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

276.

NGUYEN DUC CHIEN Vietnamese Customer Service Brief Job Description: Customer support and data base services

Friday, July 8, 2022

A13

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

No.

277.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

278.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

279.

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

280.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

NGUYEN DUC THANH Vietnamese Customer Service Brief Job Description: Customer support and data base services

NGUYEN DUY THANH Vietnamese Customer Service Brief Job Description: Customer support and data base services

NGUYEN HA TRANG Vietnamese Customer Service Brief Job Description: Customer support and data base services

NGUYEN MANH LINH Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

281.

NGUYEN NGOC LONG Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: knowledgeable in computer application with good oral and written communication skills

282.

NGUYEN SY TIEN Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

283.

NGUYEN THANH LONG Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

284.

NGUYEN THANH NHAT Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

285.

NGUYEN THI HUYEN Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

286.

NGUYEN THI KHUYEN Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

287.

NGUYEN THI LY Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

288.

NGUYEN THI THAM Vietnamese Customer Service Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: knowledgeable in computer application with good oral and written communication skills

NGUYEN THI THANH TUYEN Vietnamese Customer Service 289.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: knowledgeable in computer application with good oral and written communication skills

290.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

291.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999

292.

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

NGUYEN TRUNG HIEU Vietnamese Customer Service Brief Job Description: Customer support and data base services

NGUYEN TU SAO Vietnamese Customer Service Brief Job Description: Customer support and data base services

NGUYEN VAN CONG Vietnamese Customer Service Brief Job Description: Customer support and data base services

QUALIFICATION AND SALARY RANGE Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably 1 year experience in the similar field, speak and write fluently (native language & English) Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999

BusinessMirror

A14 A6 Friday, July 8, 2022

ESTABLISHMENT / ADDRESS No.

293.

294.

295.

296.

297.

298.

299.

300.

301.

302.

303.

304.

305.

306.

307.

308.

ESTABLISHMENT / ADDRESS

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION NGUYEN VAN HAI Vietnamese Customer Service Brief Job Description: Customer support and data base services

NGUYEN VAN TRUNG Vietnamese Customer Service Brief Job Description: Customer support and data base services

NINH VAN VAN Vietnamese Customer Service Brief Job Description: Customer support and data base services

PHAM DUC HANH Vietnamese Customer Service Brief Job Description: Customer support and data base services

PHAM TUAN ANH Vietnamese Customer Service Brief Job Description: Customer support and data base services

PHAM VAN DAI Vietnamese Customer Service Brief Job Description: Customer support and data base services.

THAI MINH PHUC Vietnamese Customer Service Brief Job Description: Customer support and data base services

TRAN MINH HIEU Vietnamese Customer Service Brief Job Description: Customer support and data base services

TRAN QUANG MINH Vietnamese Customer Service Brief Job Description: Customer support and data base services.

TRAN THANH DUC Vietnamese Customer Service Brief Job Description: Customer support and data base services.

TRAN THI HUYEN Vietnamese Customer Service Brief Job Description: Customer support and data base services.

TRAN VAN HUNG Vietnamese Customer Service Brief Job Description: Customer support and data base services

TRAN VAN THIEN Vietnamese Customer Service Brief Job Description: Customer support and data base services.

VONG SOI Vietnamese Customer Service Brief Job Description: Customer support and data base services

VU DINH VAN Vietnamese Customer Service Brief Job Description: Customer support and data base services.

VU THI NGOAN Vietnamese Customer Service Brief Job Description: Customer support and data base services.

QUALIFICATION AND SALARY RANGE Basic Qualification: knowledgeable in computer application with good oral and written communication skills

No.

311.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

312.

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

309.

Brief Job Description: Manage delivery unit operation, account delivery, engagement and project management.

310.

Brief Job Description: Develop business proposals, analyze current and past expenses, and develop creative strategies.

LE THI NGOC Customer Service Representative Brief Job Description: Customer support and data base services

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999

SG GAMING SERVICES PHILIPPINES, INC. Penthouse Mavenue Bldg., 7844 Makati Ave., Poblacion, City Of Makati

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

313.

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

HOWELL, MARK STEPHEN Regional Account Manager, Asia Brief Job Description: Responsible for the Regional Accounts in Asia

Basic Qualification: At least 30 years old.

College graduate. With good moral and written communication skills Salary Range: Php 500,000 and above

314.

CHEN, HANGXU Mandarin Customer Service Specialist Brief Job Description: Creating and updating customer’s account information LIAO, YANG Mandarin It Support Specialist

315.

Brief Job Description: Design and implement software solutions that can be enable the business to operate.

WANG, QIANXIN Mandarin It Support Specialist

316.

Brief Job Description: Design and implement software solutions that can be enable the business to operate.

Basic Qualification: Excellent oral and written communication in mandarin

Basic Qualification: Excellent oral and written communication in Mandarin.

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

317.

318.

319.

HUNG, YI-HSUAN Mandarin Customer Service Specialist Brief Job Description: Customer Service KHUU CHI HAO Mandarin Customer Service Specialist Brief Job Description: Customer Service LAI LY VAN Mandarin Customer Service Specialist Brief Job Description: Customer Service

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

TDG-SHIBUSAWA LOGISTICS, INC. Tdg-nyk Harbor Center Bldg 1 Railroad Cor 23rd And 24th Sts, Port Area, 068, Barangay 653, Port Area, City Of Manila MINAMI, SOICHIRO Sales Manager Speaking Japanese Language (Nihongo) 320.

Brief Job Description: Maintain and develop good customer service relations with Japanese accounts & future clients.

Basic Qualification: With level N1 linguistics competence & strong work experience in logistics industry.

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

THE LORD’S GRACE MEDICAL AND INDUSTRIAL CLINIC CO. Unit No. 1, Macapagal Blvd. Cor Diokno Blvd. St., Zone 10, Barangay 76, Pasay City

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

321.

LIN, QINGHAI Chinese Customer Service

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

LIN, SHANNI Chinese Customer Service 322.

323.

324.

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

Basic Qualification: Masters in Human Resource Management, Bachelor degree in Electrical & Electronics Engineering.

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

325.

SA RIVENDELL GLOBAL SUPPORT, INC. 9-11 Flr., The Biopolis Bldg., Macapagal Blvd., Barangay 76, Pasay City

Brief Job Description: Improves financial status by analyzing results, monitoring variances and recommending improvements to management

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong written and verbal communication skills in Chinese Mandarin language

332.

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

DEAN, JOHN STANLEY Technical Director For O&M (Operated-CFB) Brief Job Description: Implement continuous improvement

Basic Qualification: At least 7 years of in management experience

326.

327.

HUI, HUILING Product Manager

333.

Brief Job Description: Develop sales tools/set price to meet profit goal MA, CHUANJIANG Product Manager Brief Job Description: Define product strategy and roadmap

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 2 years of experience in China product Salary Range: Php 30,000 - Php 59,999

VERTEX DIGITAL ENTERTAINMENT TECHNOLOGIES, INC. 1439 Adriatico Cor. Sta. Monica St., 072, Barangay 669, Ermita, City Of Manila

328.

329.

KASDI IT Specialist Brief Job Description: Maintain the operations of electronic gaming devices.

SOHENDY IT Specialist Brief Job Description: Maintain the operations of electronic gaming devices.

Basic Qualification: College graduate with experience in maintain gaming devices; fluent in mandarin and English speaking.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate with experience in maintain gaming devices; fluent in mandarin and English speaking.

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Foreign Languages Speaking

Brief Job Description: Work with customers/employees to identify computer problems and advices them on the solution

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Foreign Languages Speaking

Brief Job Description: Work with customers/employees to identify computer problems and advices them on the solution

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

CHUONG VAN DUNG Vietnam-speaking Customer Service Officer 334.

Basic Qualification: Vietnam speaking customer service officer

Brief Job Description: Prepares product or service reports by collecting and analyzing customer information

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

HA THI THU HANG Vietnam-speaking Customer Service Officer 335.

Basic Qualification: Vietnam speaking customer service officer

Brief Job Description: Prepares product or service reports by collecting and analyzing customer information

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

NGUYEN THI TO TAM Vietnam-speaking Customer Service Officer 336.

Basic Qualification: Vietnam speaking customer service officer

Brief Job Description: Prepares product or service reports by collecting and analyzing customer information

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

NGUYEN TRONG NGHIA Vietnam-speaking Customer Service Officer 337.

Basic Qualification: Vietnam speaking customer service officer

Brief Job Description: Prepares product or service reports by collecting and analyzing customer information

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

PHAN HOANG VU Vietnam-speaking Customer Service Officer 338.

Basic Qualification: Vietnam speaking customer service officer

Brief Job Description: Prepares product or service reports by collecting and analyzing customer information

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

QUACH BA DUY Vietnam-speaking Customer Service Officer 339.

Basic Qualification: Vietnam speaking customer service officer

Brief Job Description: Prepares product or service reports by collecting and analyzing customer information

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

VSL CIVIL WORKS PHILIPPINE BRANCH # 162, 2/f, Unit 201 D Paragon Plaza, Highway Hills, City Of Mandaluyong Basic Qualification: Minimum 10 years of experience on bridge construction project.

Knowledgeable with the operations of a launching gantry

PHAM QUANG PHI Methods Specialist 340.

Brief Job Description: Coordinate and document the operations of launching gantries and refine methods used

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

WISHLAND SOFTWARE TECHNOLOGY INC. 28/f Techzone Condo Corp., 213 Buendia Ave., San Antonio, City Of Makati

341.

342.

Basic Qualification: Proficient in Speaking, Reading and Writing in Vietnamese

DAO VAN HAI Vietnamese Language - Customer Service Staff Brief Job Description: Deal with and help resolve customer complaints

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Speaking, Reading and Writing in Vietnamese

LUONG NGOC BINH Vietnamese Language - Customer Service Staff Brief Job Description: Deal with and help resolve customer complaints

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

X-POWER TECHNOLOGY INCORPORATED 247 Ei, Grande St. Caa, B. F. International Village, City Of Las Piñas 343.

CHEN, YUEHAN It Head

Basic Qualification: Mandarin speaking

Brief Job Description: Programming

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

XYNIX SEMICONDUCTOR DESIGN SERVICES, INC. 6f Tower 2, Insular Life, Corporate Center Fcc, Alabang, City Of Muntinlupa

LIM, MARCUS WEI KIT Sales And Marketing Manager 344.

Salary Range: Php 500,000 and above

Basic Qualification: Define the product strategy and road map

Brief Job Description: Conduct market research to find answers about consumer requirements, habits and trends.

ZHANG, MING-JIE Mandarin-speaking Customer Service Officer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong written and verbal communication skills in Chinese Mandarin language

Basic Qualification: Excellent in writing, reading and speaking in bilingual languages

LIAO, WEI-HUNG Mandarin-speaking Customer Service Officer

Basic Qualification: Strong written and verbal communication skills in Chinese Mandarin language

UNITOP GENERAL MERCHANDISE INC. 12th Floor, Ri Rance Bldg., Aseana City, Tambo, City Of Parañaque

Basic Qualification: College graduate, fluent in English, preferably 6mos1year customer service experience.

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

331.

THERMA LUZON INC. 14/f Nac Tower, 32nd Street, Bonifacio Global City, Fort Bonifacio, City Of Taguig

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Brief Job Description: Welcoming visitors and identifying the purpose of their visit CAI, JIAPO Financial Analyst

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Brief Job Description: Answering phones to respond to all inquiries made by patients, vendors, insurance companies, and other medical facilities LIN, YULIN Executive Assistant

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

Brief Job Description: Answering phones to respond to all inquiries made by patients, vendors, insurance companies, and other medical facilities

Basic Qualification: Strong written and verbal communication skills in Chinese Mandarin language

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

PORNPIBUL, SUTTHAPORN Bilingual Marketing Specialist

Basic Qualification: Fluent in Mandarin both oral and written Salary Range: Php 30,000 - Php 59,999

Basic Qualification: To provide consulting technical and advisory services

Brief Job Description: Take charge of service technical support; take lead in the project delivery of the government account department; provide the technical support for storage operations and maintenance; communication and cultivation with customers and partners; guideline and cultivation of new employees

VPC CORPORATE SOLUTIONS INCORPORATED 11/f 100 West, Sen Gil Puyat Ave. Cor., Washington St., Pio Del Pilar, City Of Makati

Basic Qualification: Fluent in Mandarin both oral and written

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

330.

Basic Qualification: Fluent in Mandarin both oral and written Salary Range: Php 30,000 - Php 59,999

QUALIFICATION AND SALARY RANGE

TANG, XING Storage Consultant

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Excellent oral and written communication in Mandarin.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

VOLENDAY INC. U1406 14/f Pacific Star Bldg., Sen. Gil Puyat Cor. Makati Ave., Bel-air, City Of Makati

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

SPEED QUALITY TECH INC. 3/f Eco Plaza Bldg., 2305 Chino Roces Ave. Extn., Magallanes, City Of Makati

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

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

No.

SKYLUSTER TECHNOLOGY, INC. 28/f Tower 6789, 6789 Ayala Ave., Bel-air, City Of Makati

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

RIGHT CHOICE FINANCE CORP. 5e-1 Electra House Bldg., 115-117 Esteban Street, San Lorenzo, City Of Makati

UKABUASI, DECLAN IKECHUKWU Business Lending Development Officer

Brief Job Description: Customer support and data base services

QUALIFICATION AND SALARY RANGE

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

PROV INTERNATIONAL (PHILIPPINES), INC. 4abcd 4/f Trafalgar Plaza Condo,, H.v Dela Costa St., Bel-air, City Of Makati KUMAR, SARAVANAN Vice President

ESTABLISHMENT / ADDRESS

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION HOANG THUY KIEU Customer Service Representative

www.businessmirror.com.ph

Brief Job Description: The Sales and Marketing Manager shall take over a mix of existing accounts and new sales

Basic Qualification: Must Have Worked in the Global Arena for at Least 7 Years Bringing in Extensive International Network in the Industry Salary Range: Php 150,000 - Php 499,999

MANULIFE CHINA BANK LIFE ASSURANCE CORPORATION 10/F Nex Tower, 6786 Ayala Ave., San Lorenzo, City Of Makati 345.

BOWYER, NEIL ROBERT President And Chief Executive Officer (CEO) *Date Generated: Jul 7, 2022

In the ad material of Notice of Filing of Application for Alien Employment Permits published on Jul 6, 2022, the name of VIRGIE CHUTHAMAT, INJAENG under the company AMAZON OPERATION SERVICES PHILIPPINES, INC., should have been read as INJAENG, CHUTHAMAT and not as published.

In the ad material of Notice of Filing of Application for Alien Employment Permits published on Jul 6, 2022, the name of LOMINE USAGE LUMINE, THIERRY DENIS ANDRE under the company ACCENTURE, INC., should have been read as LOMINE, THIERRY DENIS ANDRE and not as published.

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.

ATTY. SARAH BUENA S. MIRASOL REGIONAL DIRECTOR

News BusinessMirror

www.businessmirror.com.ph

PHL urged to prioritize pandemic cyber security

T

HE Philippines has been urged to pursue a more aggressive stance in prioritizing cyber security to achieve cyber resiliency.

“Looking at the Philippines’s unique cyber security landscape and how it is dealing with cyber attacks, it appears that the country is now in the intermediate stage

of cyber security readiness. Intermediatelevel countries are those that have identifiedcyberattacksasareastheyneedtolook into and have attempted to make some

Friday, July 8, 2022 A15 inroads. The goal is to have the country move to the advanced stage where we hope to see it doing more in terms of development,” said Genie Gan, Head of Public Af-

fairs and Government Relations for Asia Pacific and Middle East, Turkey and Africa atKasperskyatanewsbriefingonWednesday in Makati City. Rizal Raoul S. Reyes

A16 Friday, July 8, 2022 • Editor: Angel R. Calso

Opinion BusinessMirror

www.news.businessmirror@gmail.com

editorial

Unleashing the power of unbanked Pinoys

P

oor Filipinos in need of immediate cash usually borrow money from 5-6 lenders, a lending scheme started by Indian nationals who charge an interest of 20 percent per month.

This means that when someone borrows P500, he has to pay back P600. There is no available information on the number of 5-6 lenders in the country, but they could easily reach more than 42,000, or one in every barangay. This makes the 5-6 lending business a billion-peso “industry.”

Loan sharks continue to thrive in the Philippines because of the country’s large informal sector composed of micro enterprises that have no access to financial services. To sustain their businesses, micro entrepreneurs depend on informal lenders that require no collateral for their loan.

The Bangko Sentral ng Pilipinas (BSP) said that as of the second quarter of 2021, data showed that 41 million Filipinos are unbanked, which equates to a little over half, or 53 percent, of the country’s adult population.

The BSP defines financial inclusion as “a state in which everyone, especially the vulnerable sectors, has effective access to a wide range of financial services.” Effective access means not only the availability of financial products and services, but that these products and services are appropriately designed, of good quality, and responsive to the varied needs of individuals and businesses—whether for saving, payments, financing, investing, or getting insured.

Former BSP Governor Benjamin Diokno launched the “National Strategy for Financial Inclusion 2022-2028” on January 27, 2022. He said: “The NSFI 2022–2028 signifies our greater collective commitment and aspiration for a more financially included and empowered citizenry.”

Lack of access to financial institutions hampers financial inclusion. In 2019, there were 510 cities and municipalities in the country with no banking presence. That’s why majority of Filipinos use Express Pera Padala centers, pawnshops, and ATMs for their financial transactions. Surprisingly, most Filipinos are unaware of rural banks. In fact, there are more rural banks in the country than commercial banks. These institutions are scattered throughout the Philippines and are easier to reach compared to big banks.

The BSP said “financial exclusion disproportionately affects millions of Filipinos in the lower income classes and those who are unemployed, less educated, and belonging to the younger generation. Other underserved and unserved segments include senior citizens, migrant workers and their families, persons with disabilities, indigenous peoples, forcibly displaced persons, and other marginalized segments.”

Financial exclusion is also prevalent in the agriculture, MSMEs, and startup sectors, as well as among informal workers. Among MSMEs, for instance, lack of financing and capital was cited as the top barrier for microenterprises and the second largest barrier for small enterprises in the Asian Development Bank’s 2021 Survey of MSMEs. In contrast, in the same survey medium enterprises ranked lack of financing as the sixth largest barrier, indicating that financing is especially problematic for the smallest enterprises.

As the country tries to recover from the health crisis and regain its economic growth, inclusion of MSMEs into the financial system is crucial. The agriculture and MSME sectors are the primary sources of livelihood for many Filipinos. In 2020, MSMEs accounted for 99.5 percent of total enterprises in the country and generated 63 percent of total employment. Unfortunately, the amount of bank loans to MSMEs as a percentage of their total loan portfolio has been declining. On the other hand, the agriculture sector showed a steady share in the country’s GDP at around 10 percent. Since 2018, however, agricultural loans have been declining as well.

Financial inclusion in the country is still impeded by economic, physical, and behavioral issues that the government and the financial sector need to address. It would do well for the Marcos administration to help farmers and MSMEs gain access to capital and financial resources. As we said earlier, these sectors are key drivers of employment; they can help spur national economic growth.

Since 2005

BusinessMirror A broader look at today’s business

Hitting the ground running Sonny M. Angara

Better Days

T

hroughout the 18th Congress, we worked hard to come up with laws that respond to the devastating effects of the Covid-19 pandemic, as well as benefit a wide range of sectors.

Not all of our proposed legislations get approved, as in every Congress. Several measures are taken up during committee hearings.

Some are debated in plenary, and even get enacted into law. Many more are not taken up at all.

As we have always stated, our mandate as a legislator is to follow through on our commitment to get the bills we file passed into law. We firmly believe that each bill will make a difference. And so many of the proposals that did not pass muster in the 18th Congress will be included in what we will file in the upcoming 19th Congress.

Recently, we started off by filing our first 20 priority bills and resolutions. These tackle a wide range of issues and topics, from health and education to the creatives sector and sports—all covering interests and advocacies that we have long held as a public servant.

Since we still find ourselves in a pandemic, a number of these bills are

Contributions of the Income Classes to Taxes

Dr. Ser Percival K. Peña-Reyes

Founder

Editor in Chief Associate Editor News Editor

Jennifer A. Ng Vittorio V. Vitug

Senior Editors

Lorenzo M. Lomibao Jr., Gerard S. Ramos Lyn B. Resurreccion, Dennis D. Estopace Angel R. Calso

Online Editor

Ruben M. Cruz Jr.

Creative Director Chief Photographer Chairman of the Board President Advertising Sales Manager Group Circulation Manager

Eduardo A. Davad Nonilon G. Reyes D. Edgard A. Cabangon Benjamin V. Ramos Aldwin Maralit Tolosa Rolando M. Manangan

BusinessMirror is published daily by the Philippine Business Daily Mirror Publishing, Inc., with offices on the 3rd floor of Dominga Building III 2113 Chino Roces Avenue corner De La Rosa Street, Makati City, Philippines.

Tel. Nos. (Editorial) 817-9467; 813-0725. Fax line: 813-7025.

(Advertising Sales) 893-2019; 817-1351, 817-2807.

(Circulation) 893-1662; 814-0134 to 36. E-mail: news.businessmirror@gmail.com

www.news.businessmirror@gmail.com

Printed by brown madonna Press, Inc.–Sun Valley Drive KM-15, South Superhighway, Parañaque, Metro Manila MEMBER OF

EAGLE WATCH

T. Anthony C. Cabangon Lourdes M. Fernandez

grant underprivileged students a five percent discount on food establishments, medicines, textbooks and school supplies, tuition, miscellaneous and other school fees and entrance fees to museums, theaters, and cultural events.

Bills that cover other sectors and issues include the Poverty Alleviation Through Social Entrepreneurship (PRESENT) Act; the Right to Adequate Food Framework Act; the Magna Carta for Workers in the Informal Economy (MACWIE); the Rural Employment Assistance Act; the Magna Carta for Barangays; the Artists Incentives Act; and the measure Expanding the Incentives Granted to National Athletes and Coaches.

Some measures we filed help move forward our Tatak Pinoy advocacy to industrialize the Philippines and create more well-paying jobs for our countrymen here at home. There is the Exports and Investments Development Act (EIDA), which amends several provisions of the Export Development Act of 1994 to strengthen our exports sector and empower them to offer more diversified and sophisticated products and services.

Another is about institutionalizing the Domestic Bidders Certification Program of the Department of Trade and Industry so that more local enterprises can supply to the governSee “Angara,” A17

How much does the middle class contribute to taxes?

✝ Ambassador Antonio L. Cabangon Chua Publisher

focused on the health sector. One is the Healthcare Facility Augmentation Act, which seeks to create new hospitals that will be attached to state universities and colleges (SUCs) offering medical degree programs.

Another is the Satellite Specialty Hospitals Act, which mandates existing specialty hospitals, namely the Philippine Heart Center, Lung Center of the Philippines, National Kidney and Transplant Institute, and the Philippine Children’s Medical Center, to establish satellite hospitals in geographically isolated regions and provinces of the country.

A third is the E-Health System and Services Act, establishing a national eHealth system that will direct and regulate the practice of eHealth or

telehealth in the country. Then there is the Dialysis Center Act, which mandates free dialysis treatment for indigent patients and requires all national, regional, and provincial government hospitals to maintain a dialysis ward.

A fifth is on providing free annual medical check-ups to all Filipinos, including blood sugar and cholesterol tests. And a sixth contains amendments to the Magna Carta for Health Workers that will increase their benefits such as night shift differential, hazard pay, subsistence allowance, and laundry allowance, among others.

We also refiled many of our measures on improving the plight of our teachers to go hand-in-hand with ongoing efforts to improve the country’s educational system. There’s the Teaching Supplies Allowance Act, which increases the cash allowance to teachers from the current P3,500 to P5,000 per teacher per school year. Another is on establishing the Teacher Education for Achievers (TEACH) program, which grants scholarships to qualified applicants in the areas of learning and education, and incentives to those who pursue teaching careers in the public school system. A third is one we’ve filed consistently over the years— about increasing the salaries of our public school teachers.

We also refiled our proposal to

I

F one is curious to find an answer, one can refer to an income classification table from the Philippine Institute for Development Studies (PIDS) and a tax data table (number of taxpayers and collection by taxable income bracket for compensation earners) to run some calculations.

The PIDS income classification table shows seven classes based on monthly income, which are spelled out as follows: 1) poor: less than P10,957; 2) low income (but not poor): greater than or equal to P10,957 but less than P21,194; 3) lower middle class: greater than or equal to P21,194 but less than P43,828; 4) middle class: greater than or equal to P43,828 but less than P76,669; 5) upper middle income: greater than or equal to P76,669 but less than P131,484; 6) high income (but not rich): greater than or equal to P131,484 but less than P219,140; and 7) rich: greater than or equal to P219,140. For everyone’s information, these benchmarks increase with economic growth and inflation. For example,

in 2018, Filipinos needed to earn P38,080 per month to be categorically considered as part of the middle class. In 2020, the figure went up to P43,828 per month (a 15-percent increase in a span of two years).

For this analysis, what is readily available is a 2015 tax table, so the generated estimates will be used purely for illustrative purposes. It is assumed, for simplicity, that the number of taxpayers per taxable income bracket has not changed dramatically since 2015, and the latest income classification from the PIDS can be used. The given table summarizes the results of this exercise.

The actual data show revenues prior to the Tax Reform for Acceleration and Inclusion (TRAIN) Act, so the effect of TRAIN is estimated. As

Income Class Actual Tax Due Share (%) Estimated Tax Due Share (%)

(TRAIN) Poor 24,485,106,893.83 10.15 0.00 0.00 Low Income (But Not Poor) 30,364,063,289.30 12.59 1,982,019,639.60 1.30 Lower Middle Class 43,155,234,807.40 17.89 25,020,422,357.13 16.35 Middle Class 44,932,223,590.60 18.63 34,203,336,989.93 22.36 Upper Middle Income 40,120,065,807.00 16.63 38,108,576,812.60 24.91 High Income (But Not Rich) 15,619,764,672.00 6.48 13,626,603,354.24 8.91 Rich 42,518,958,232.00 17.63 40,057,062,389.63 26.18 TOTAL 241,195,417,292.13 100.00 152,998,021,543.12 100.00 expected, there is a decrease in total revenues because of TRAIN, but there are notable changes in the shares.

Prior to TRAIN, the middle class, per se, would account for 18.63 percent of tax collections. (For every P100.00 collected, P18.63 would come from the middle class.) Combined with the lower and upper middle classes, the share would be 53.16 percent. (For every P100.00 collected, P53.16 would come from the lower middle, middle, and upper middle classes combined).

With TRAIN, the share of the middle class, per se, would go up to 22.36 percent. (For every P100.00 collected,

P22.36 would come from the middle class.) Combined with the lower and upper middle classes, the share would be 63.62 percent. (For every P100.00 collected, P63.62 would come from the lower middle, middle, and upper middle classes, the share would be 63.62 percent. (For every P100.00 collected, P63.62 would come from the lower middle, middle, and upper middle classes combined).

Although TRAIN was able to lower personal income taxes, more revenues were raised from consumption taxes and other sources. An See “Eagle Watch,” A17

www.news.businessmirror@gmail.com

Police: Parade shooting suspect contemplated second shooting

By Michael Tarm, Kathleen Foody & Don Babwin The Associated Press

H

IGHLAND PARK, Ill.—The man charged with killing seven people at an Independence Day parade confessed to police that he unleashed a hail of bullets from a rooftop in suburban Chicago and then fled to the Madison, Wisconsin area, where he contemplated shooting up an event there, authorities said Wednesday.

The suspect turned back to Illinois, where he was later arrested, after deciding he was not prepared to pull off another attack in Wisconsin, Lake County Major Crime Task Force spokesman Christopher Covelli said at a news conference following a hearing where the 21-year-old man was denied bond.

The parade shooting left another American community reeling—this time affluent Highland Park, home to about 30,000 people near the Lake Michigan shore. More than two-dozen people were wounded, some critically, and hundreds of marchers, parents and children fled in a panic.

Covelli said it did not appear that the suspect had planned another attack in Wisconsin, but fled there, saw another Independence Day celebration and “seriously contemplated” firing on it. The assailant had ditched the semi-automatic rifle he used in Illinois, but he had another, similar rifle and about 60 more rounds with him, according to Covelli.

Police later found his phone in Middleton, Wisconsin, which is about 135 miles (217 kilometers) from Highland Park. For hours before his arrest, police warned that the gunman was still at large and that he should be considered armed and dangerous. Several nearby cities canceled events including parades and fireworks. Most festivities in and around Wisconsin’s capital city went ahead.

Madison Police Chief Shon Barnes told a news conference Wednesday that the FBI urged the department on Monday evening to prepare its SWAT team because investigators believed the gunman could be in the area. Barnes said he was not warned at the time that the shooter was considering carrying out further attacks.

Lake County Assistant State’s Attorney Ben Dillon said in court that the gunman climbed up the fire escape of a building above the Highland Park parade, “looked down his sights, aimed”

Angara. . .

continued from A16

ment, in line with existing procurement rules.

We also refiled our resolution calling on the Senate Committee on Finance to conduct an inquiry on the efficiency and effectiveness of government spending on its industrialization and employment-generation initiatives. We want to find out what the funding requirements are for a multi-year expenditure plan for bolstering Filipino or “Tatak Pinoy” productive sectors and encouraging

Eagle Watch. . . continued from A16

interesting question: Who among the income classes are likely to do more consumption spending?

In economics, the Laffer Curve (named after economist Arthur Laffer) describes the relationship between tax revenue and tax rates. Two axes are drawn perpendicular to each other. The vertical axis measures tax revenue, while the horizontal axis measures the tax rate. The shape of the curve is an inverted U, where the peak indicates the optimal tax rate that maximizes total government tax revenue. To the left of the optimal tax rate, an increase in tax rate raises more revenue than is lost to offsetting worker and investor behavior.

Increasing rates beyond the optimal tax rate, however, would cause people to not work as much or not work at all, thereby reducing total tax revenue.

Indeed, in light of current prob-

and fired at people across the street. He left the shells of 83 bullets and three ammunition magazines on the rooftop. He initially evaded capture by disguising himself as a woman and blending into the fleeing crowd, according to police.

Some of the wounded remained hospitalized in critical condition, Covelli said, and the death toll could still rise.

Already, the deaths from the shooting have left a 2-year-old boy without parents, families mourning the loss of beloved grandparents and a synagogue grieving the death of a congregant who for decades had also worked on the staff.

Lake County State’s Attorney Eric Rinehart said he planned to bring attempted murder and aggravated battery charges for each individual who was hurt.

“There will be many, many more charges coming,” he said at a news conference, estimating that those charges would be announced later this month.

If convicted of the first-degree murder charges, the gunman would receive a mandatory life sentence without the possibility of parole. The suspect, Robert Crimo III, wore a black long-sleeve shirt as he appeared in court by video. As the prosecutor described the shooting, he said little besides telling the judge that he did not have a lawyer.

On Tuesday, Thomas A. Durkin, a prominent Chicago-based lawyer, said he would represent Crimo and that he intended to enter a not guilty plea to all charges. But Durkin told the court Wednesday that he had a conflict of interest with the case. Crimo has been assigned a public defender. Rinehart also left open the possibility of charging Crimo’s parents, telling reporters that he “doesn’t want to answer” that question right now as the investigation continues.

Steve Greenberg, the lawyer for Crimo’s parents, told The Associated Press that the parents aren’t concerned about being charged with anything related to their son’s case.

Questions also arose about how the suspect could have skirted Illinois’ relatively strict gun laws to legally purchase five weapons, including the high-powered rifle used in the shooting, despite authorities being called to his home twice in 2019 for threats of violence and suicide. Foody reported from Chicago, Babwin

from Waukegan, Illinois. Associated Press writersMikeHouseholderinHighlandPark,Stephen Groves in Sioux Falls, South Dakota, Scott Bauer in Madison, Wisconsin, and researcher Rhonda Shafner in New York also contributed.

inclusive growth across the country.

We are confident that the 19th Congress, with its new composition, will be just as productive or even more than its predecessor. Hopefully, under the new administration, the legislation we have proposed and will propose, will be considered favorably for the benefit of our people.

Senator Sonny Angara has been in public service for 18 years—9 years as Representative of the Lone District of Aurora, and 9 as Senator. He has authored and sponsored more than 250 laws. He is currently serving his second term in the Senate.

E-mail: sensonnyangara@yahoo.com| Facebook, Twitter & Instagram: @sonnyangara

lems, the government needs to find creative ways to strengthen tax enforcement (i.e., plug leakages) and raise revenues to sustain public spending and gradually pay off debts.

However, if the taxing is overdone, as the Laffer Curve suggests, it could become such a huge disincentive to work that the middle-class earners bearing the brunt of taxation might choose to channel their productive energy elsewhere (i.e., the informal sector or abroad).

Moreover, the top priority is to keep inflation in check in the midst of external pressures. Taxation may be tweaked to shift the burden for equity and efficiency reasons. Inflation, however, does not discriminate.

Inflation can affect some people more severely than others, so there should be compensatory measures to balance out things.

Dr. Ser Percival K. Peña-Reyes is the Director of the Ateneo Center for Economic Research and Development.

Opinion BusinessMirror

Not our fourth of July Tito Genova Valiente

annotations

T

here is a photo in our Official Gazette filed under Republic Day, which shows the American flag being lowered, as the Philippine Flag was being raised. It was the fourth of July, 1946, the day our independence was granted by the United States of America, our colonizer. As I write this, I am grappling for words to find another term that could take the place of “grant,” if only to ennoble that day. In another dimension, more cinematic than political, we could have “won” this independence, bringing into mind the scenarios at the battlefields, the fury at the legislative halls, and the grandeur of heroes fighting for freedom.

Go back to that photo. The people were standing around what was described as makeshift stand, the front of the Legislative Building having been bombed out by both the Americans and the Japanese during the last days of World War II. Look again at the creativity of the people organizing the said significant event.

The stage was no ordinary stage; it was shaped like a boat, complete with a nautical figurehead.

Whoever thought of the ship as the political metaphor for the stage or platform from which a declaration of independence and the flagraising crucial to ceremony could be held, must be making a statement.

A journey? Could it be a reference, a nod back to the balangay or biniray, the smallest units of the proto-state out of which this republic could be composed?

What could be the statement, the subtle implication? The figurehead, that anthropomorphic shape at the prow, has many other names. These are: “titular,” “nonentity,” a “nominal head.” It could also be referred to as “stooge.”

With due respect to our history, the discipline now suspect, we can never think of our leaders then as stooges or “strawmen,” another word for figurehead. But there is

that dumb question now arising, and that is, how independent were we in May of 1946?

The question remains and it is an inquiry that has moved from the dictionary to political economy.

More photos are shown about that day, one showing what has become a tradition now— that of a president descending and another ascending. In a photo, we see Sergio Osmeña coming down as the head of the Commonwealth with Manuel Roxas accompanying him. Later, Roxas would ascend those stairs to assume the presidency of the Republic.

Documents state how Roxas had to take his oaths twice: first under the Commonwealth and later, as the first president of the Republic. In the first oath-taking he, as documented, delivered the following words: “Our appointment with destiny is upon us. In five weeks, we will be a free

Friday, July 8, 2022 A17

Republic. Our noble aspirations for nationhood long cherished and arduously contended for by our people, will be realized. We will enter upon a new existence in which our individual lives will form together a single current, recognized and identified in the ebb and flow of world events as distinctly Filipino.”

Certainly, the United States government was not that ready to “grant” the independence. There had to be two oaths, a tentative move that was almost a test.

Following the Tydings-McDuffie Law, the Commonwealth of the Philippines was transformed into the Republic of the Philippines. This was to be known as the Philippine Independence Act. The date: July 4, 1946. It was to be our own fourth of July.

Was there ever an issue about this date? Were our politicians conscious of the significance of that day to Americans? The fourth of July is the day of the Declaration of Independence of the United States, which dates back to 1776.

In this case, t he A mer icans were not only granting us independence; it was teaching us to remember the date as similar to the day they also became independent. Political strategy was all over this history in the making.

But we did not seem to care. At least for a few more years. It was good enough to be independent.

That day seemed an emotional day for the Filipinos then. Note the military uniforms all around the stage.

The terrible war had just ended some months back and we were already on

Where do we stand on Roe v. Wade?

Manny F. Dooc

TELLTALES

T

here’s a raging conflagration burning America right now. It’s an issue that has gripped the Americans overshadowing the horrors of the pandemic and the cataclysm of the war in Ukraine. The controversy came to a head when the US Supreme Court overruled its landmark decision in Roe v. Wade, 410 US 113 (1973) promulgated on January 22, 1973, which ruled that the US Constitution protects a pregnant woman’s rights to choose to have an abortion before fetal viability. Viability can occur at around 23-24 weeks of pregnancy.

The Roe v. Wade decision was reaffirmed in 1992 in the case of Planned Parenthood v. Casey and this has been the legal precedent followed in a long list of cases decided by the courts. In 2018, the State of Mississippi passed a law that allows abortion only in medical emergencies or for severe fetal abnormalities. The law did not even exempt rape or incest. In effect, the Mississippi law banned abortion. This law was challenged and the district court disallowed it holding that the law violates an SC precedent legalizing abortion prior to viability as held in Roe and Casey, and this was sustained by the appellate court. Mississippi appealed the decision to the US SC and argued that the highest court should not only uphold the law but also void the decisions in Roe and Casey. The State of Mississippi claimed that Roe and Casey “have no basis in the Constitution. Nowhere else does this court recognize a right to end a human life.” Pro-abortion lawyers contended that the SC in Roe and Casey “correctly recognized that the Constitution protects a woman’s fundamental right to decide whether to end a pregnancy before viability. The guarantee, that the state cannot force a woman to carry a pregnancy to term and give birth, has engendered substantial individual and societal reliance. The real world effects of overturn-

ing Roe and Casey would be severe and swift.” But the conservative supermajority in the Supreme Court of the United States (SCOTUS), in a decision penned

by Justice Samuel Alito, voted 6 to 3 to overturn the 49-year-old precedent laid down in Roe v. Wade. Despite the overwhelming public opinion in the US against the revocation “of a right that is so fundamental to so many Americans and so central to their ability to participate fully and equally in society,” the SCOTUS has officially declared Roe v. Wade dead. Now, we are seeing protests and street demonstrations by abortion rights advocates and millions of their supporters taking place all over America. Together with inflation, abortion will be one of the major issues in the coming US midterm elections. As President Joe Biden has exclaimed, “abortion will be in the ballot this November.”

The controversy surrounding the overturning of Roe v. Wade may not happen in our country. The Philippines is one of the few countries in the world that still totally bans abortion under any circumstance. It is a crime punishable under Articles 256 to 259 of our Revised Penal Code. These provisions were lifted from the old Spanish Code of 1822, which we were exposed to as a former colony of Spain. Critics who want to decriminalize abortion allege that these harsh laws are

antiquated and unduly restrictive and are no longer attuned with the modern times. Furthermore, they are discriminatory to women. If these reasons are cogent enough to warrant a review of the abortion issue, then legal scholars and progressive legislators should restudy the matter. Maybe abortion may be allowed under strict conditions such as in rape, incest, severe fetal deformity, when pregnancy will endanger the woman’s life, or under similar exceptional circumstances as other conservative countries had done. There may be past efforts to do this but it has not gained enough traction to move it forward. The current debate on abortion in the US may help revive local interest on the issue.

The other reason is that the Filipinos are predominantly Roman Catholics. Our religion strongly forbids abortion and considers it an evidence of sexual sin. Religion plays an important role in our lives and many devotees will not have the temerity to disobey the teachings of their faith. A faithful will not dare to be excommunicated by his church and ostracized by the religious community. Many Catholics will not be willing to pay that price.

On the other hand, the health, safety and welfare of our women play a significant part in the overall equation. Our total population is approximately 110 million and roughly 25 percent of them are women of reproductive age. The levels of unintended or unwanted pregnancies are high owing largely to low level of contraceptive use and early exposure to the opposite sex by young women still unprepared for motherhood or family life. There is greater sexual activity among our young people. Premarital sex, once held a taboo among conservative Filipinos, has now been accepted as a fact of life. Teenage pregnancies that are either unintended or unwanted have become a problem among many families. Unwed mothers and their families suffer a tarnished reputation in the community. For a pregnant girI still in school, childbirth and childrearing interrupt with one’s studies, if it does

our way to more freedom.

From the Blue Book of the First Year of the Republic, which was printed in 1947, came this melodramatic testimonial about that day: “The Philippine flag, its red bar below the blue in token of beneficent and dearly bought peace at last, began to wave in the sweeping wind. The wind came in swift, low gusts…

From the west came a rain-laden gale….And the rain blended with our tears—tears of joy, of gratitude, and of pride in supreme accomplishment. Above us flew for the first time and over this embattled land, alone, happy, and unperturbed amidst sweeping gales and whipping rain—the flag of the Philippines.”

The lessons from our “benevolent conquerors” were too in your face the shift soon came. Or the change of hearts.

It was in 1962, according to the official document, that President Diosdado Macapagal moved the date of Philippine Independence from July 4 to June 12, the date when Emilio Aguinaldo proclaimed our independence from Spain. This gesture has a separate explanation in the Official Gazette. It states: “Moreover, the move was made in the context of the rejection of the US House of Representatives on the proposed $73 million additional war reparation bill for the Philippines on May 28, 1962. The rejection, according to President Macapagal, caused “indignation among the Filipinos” and a “loss of American good will in the Philippines.”

From the same official source, we learn something more about “June 12.” That date had always been there as “Flag Day,” a holiday declared by the Americans since 1919. This was the day when the Philippine flag was once more allowed to be displayed.

This day of commemoration went on until 1962, for after that, we were allowed to display the flag of the Republic, and with it the thought that we were free.

E-mail: titovaliente@yahoo.com

not completely stop her from attending school. Even married women resort to abortion when they are not ready financially to raise a child. This is the same predicament confronting a mother who has already given birth to a number of children. The cost of bringing up more children into this world, which she cannot feed, clothe and send to school, is a prospect she will avoid. In many situations, preterminating the pregnancy is seen as the solution to the dilemma.

Generally, our society condemns abortion and stigmatizes women who indulge in it. Thus, abortion happens and commonly resorted to particularly by young women who don’t want to be disowned by their family and their community for bearing a child out of wedlock, or at too young an age. But since abortion is a crime, abortion is done clandestinely by self-inducement or with the aid of illegal practitioners under unsanitary conditions. This eventually results to unsafe abortion practices, which put at risks the lives and health of women. Unsafe abortion contributes to the high maternal mortality and morbidity ratios every year in our country. This is very unfortunate given the significant advance in modern medicine and health care systems in our country.

Abortion is a social malady that severely afflicts our women, but we can minimize its ill effects. In 2009, a milestone legislation, RA 9710, otherwise known as “The Magna Carta of Women’’ was enacted into law. It’s a comprehensive human-rights law that seeks to empower and protect women against any form of discrimination and ensure equal rights and opportunities for men and women in our society. Next month, we will observe the 13th anniversary of the law but nothing much has been achieved to give Filipino women a cause to celebrate. Definitely not in protecting them from the inimical impact of abortion. Let’s admit the sad fact that abortion is here with us to stay and unless something is done about it, it will continue to haunt us with or without Roe v. Wade.

A18 Friday, July 8, 2022

Extend low tariffs on MDM, govt urged amid price hikes

L

By Jasper Emmanuel Y. Arcalas

@jearcalas

OCAL meat processors are urging President Ferdinand R. Marcos Jr. to extend the lower tariff rate on mechanically deboned meat (MDM) of poultry to temper price increases in processed meat products due to rising costs of inputs.

The Philippine Association of Meat Processors Inc. (PAMPI) said the country continues to reel from low levels of raw material supply, worsened by global economic challenges such as high crude oil prices and the peso depreciation.

PAMPI said the industry’s supply of processed meat products remains “adequate” but inventory levels of some member-companies are below the ideal inventory of at least 30 days.

The group attributed the thin supply of other members to the struggle in sourcing raw mate-

rial supplies, particularly MDM of chicken, which it noted is also currently at “low” levels of inventory.

The local meat processing industry has been scrambling to source chicken MDM abroad after the Philippines imposed blanket bans on numerous European countries with confirmed bird flu outbreaks, which were also the industry’s key suppliers of the raw material.

The PAMPI noted that the recent lifting of the ban on Belgian poultry products provides a huge relief to the industry; however, the overall

supply problems will continue to persist as most of the suppliers remain banned.

Belgium is the Philippines’s second top supplier of chicken MDM after the Netherlands, which remains banned from exporting poultry products until today. (Related story: https://businessmirror. com.ph/2022/07/01/da-liftstemporary-import-ban-on-belgian-poultry-products/) The group disclosed that the price of chicken MDM remains “high” today, “holding” at a level that is triple than prepandemic quotes.

Longer time

DUE to this, the group urged Marcos, who is also the concurrent Agriculture Secretary, to extend the 5-percent tariff on poultry MDM, including chicken, “for a longer period of time.”

“We hope that President and concurrent Secretary of Agriculture Bongbong Marcos will protect the processed meats industry by way of reduced import duties for our raw materials or what we refer to as industrial input tariff to ensure affordable meat protein for the people,” PAMPI said in a statement sent to the BusinessMirror.

“Our sector has consistently dem-

onstrated our availability to keep prices within reach of the masses, and we are helping ensure the country’s food security,” PAMPI added.

The lower tariff rate on the imported raw material was extended by former President Duterte until December 31 of this year. The tariff rate on chicken MDM will revert to 40 percent starting January 1 next year, based on Executive Order 123 series of 2021.

The group also proposed that the Department of Agriculture (DA), under Marcos’s leadership, adopt a “risk management” approach instead of a “zero-risk approach” in dealing with global animal health issues, such as bird flu.

The group reiterated its longstanding recommendation that the DA follow the rules on regionalization and zoning set by the World Organisation for Animal Health (WOAH) in dealing with disease outbreaks instead of imposing a blanket ban on concerned countries.

“Both the DA and the industry must continue to explore additional country sources of safe and high quality raw materials that do not pose a threat to the local livestock sector,” PAMPI said.

SOLON: TIME TO LAY DOWN UNEMPLOYMENT INSURANCE

By Jovee Marie N. dela Cruz @joveemarie

A

S the Philippines’s jobs situation continues to show enduring weaknesses, an economist-lawmaker on Thursday said the government must shift the social benefits system from targeted cash transfers to some form of universal unemployment insurance.

Albay Rep. Joey Sarte Salceda, a senior economist of the House of Representatives, said the current jobs situation demonstrates that economic scarring continues to affect key sectors of the economy.

“For policymakers, the lesson I derive here is we must eventually shift our social benefits system from targeted cash transfers, to some form of universal unemployment insurance. There are workers who may not necessarily be poor yet (recently unemployed, for example), but are getting there —and our social benefits system is likely not adept enough to catch up to them,” he said.

“At the same time, we must be more aggressive with job creation. Temporary cash-forwork programs will not address structural issues that hamper jobs growth,” he added.

On Thursday, the Philippine

Statistics Authority (PSA) said that 2.93 million of Filipinos were jobless in May 2022. This translated to an unemployment rate of 6 percent during the period.

“I am particularly concerned by the fact that the increase in the number of unemployed persons (770,000) exceeds the number of new members of the labor force (550,000),” said Salceda.

“In other words, not only were we not able to find new jobs for new workers (likely due to the end of academic requirements). We also lost some jobs that already existed in April,” he added.

According to Salceda, this is not reassuring for equitable economic development and this means that the growth figures from last quarter of 8.3 percent are accruing to people who already have secure jobs; and is not creating new employment.

“It is also not reassuring in view of rising inflation. Conventional economics would have it that unemployment and inflation generally have an inverse relationship. We are not getting the good side of that tradeoff.

This development suggests that there is an increased number of the workforce that have to bear with joblessness and higher prices,” he added.

Continued on A3

Continued on A3

THE Department of Agriculture’s Bureau of Animal Industry conducts UV disinfection of eggs leaving Barangay San Bartolome, Santo Tomas in Pampanga after the avian influenza virus was detected in the province. Authorities have conducted the depopulation of chicken as a response to curb the spread of infections. NONOY LACZA

Tap ₧2-B intel fund for inflation relief, labor alliance urges PBBM

By Samuel P. Medenilla @sam_medenilla

A

LABOR group on Thursday urged President Ferdinand R. Marcos, Jr. to tap his over P2-billion intelligence funds to provide relief to people who are now reeling from the effects of high inflation.

Sentro ng mga Nagkakaisa at Progresibong Manggagawa (Sentro) Secretary General Joshua T. Mata gave the proposal after Marcos said onWednesday his administration is now looking for additional funding to continue the government’s free train ride program.

“All Marcos Jr. needs to do is to direct DBM (Department of Budget and Management) to realign whatever fund they can, including his vast intelligence fund, then later use their supermajority status in congress to enact a supplemental budget if needed,” Mata told

BusinessMirror via SMS. Under the 2022 General Appropriations Act (GAA), the Office of the President has P2.25 billion in intelligence funds.

Marcos wants to continue the free train ride program, but owing to funding constraints, it will be limited to students.

The Department of Finance (DOF) said Marcos will also continue providing fuel subsidies to public transportation using the windfall tax from fuel.

The Philippine Statistics Authority (PSA) attributed to rising food and fuel prices the June acceleration of the inflation rate to 6.1 percent—the highest since November 2018.

Sentro said the free rides as fuel subsidies and service contracting provided by the government can help mitigate the impact of inflation on many Filipinos when it comes to their transportation needs.

As for the rising food prices, the labor group backs government’s plan to increase importation of pork to ensure sufficient supply of the food item.

This, as the African Swine Fever (ASF) continues to devastate local hog raisers, reducing the country’s pork production.

Sentro expressed its dismay at the apparent slow pace of the government’s interventions to address the effects of inflation.

“The [public] broad discontent comes from the fact that not only did it sound out of touch with the pressing struggles of many working families, it also reflected the general lack of comprehensive action taken by the government in the past few months,” Sentro said in a statement.

“In moments of crisis, we expect our elected leaders to both display empathy and offer concrete solutions to our pressing problems,” it added.

Companies BusinessMirror

Editor: Jennifer A. Ng

Cold chain firm files for IPO, proceeds to fund expansion

By VG Cabuag @villygc

I

SOC Cold Chain Logistics Inc., led by the Cosiquien family, has filed for an initial public offering (IPO) of P1.49 billion, proceeds of which will be used to expand its operations.

In its registration statement filed with the Securities and Exchange Commission, the company, which uses the brand Orca Cold Chain Solutions, will offer as much as 1.48 billion common shares. These consist of 1.03 billion primary shares, 444.88 million in secondary shares and an over-allotment option of 222 million also in secondary shares, all with a par value of P0.10 apiece. It placed an indicative price of P0.88 per share on its offering.

It will be traded under the ticker symbol “ORCA” and will be listed on the small, medium and emerging board of the Philippine Stock Exchange.

Investment and Capital Corp. of the Philippines has been picked as

the deal’s sole issue manager.

Orca was incor porated in October 2017 and utilizes the latest technology and process innovation to the cold storage industry.

It developed the first cold storage facility equipped with a fully automated storage and retrieval system, one of the few cold chain providers that use the technology.

The company has two operating subsidiaries with a combined capacity of 34,342 pallet positions, equivalent to over 34.3 million kilograms. These are Arendelle Cold Logistics Inc., located in Brgy. Bagumbayan, Taguig and Eisberg Cold Logistics Inc., located in Brgy. Poblacion, Caloocan.

Orca is 60 percent owned by Isoc Holdings Inc., a company led by

Michael C. Cosiquien, one of the the founders of Megawide Construction Corp. The rest of the 40 percent is owned by Philware Magnate Inc., led by Yarik C. Cosiquien, Michael’s younger brother.

After the offer, Isoc’s ownership will be reduced to 46.2 percent, while that of Philware’s will go down to 30.8 percent. Its public float will be at 23 percent.

The company expects to raise gross proceeds of up to P910.97 million while net proceeds are estimated to reach P841.1 million after deduction of fees and other costs.

The company said the amount will be used for expansion of existing facilities to accommodate other value-added services (VAS); development of new cold storage facilities, new business initiatives; and general working capital.

Orca will allocate some P150 million to expand its Taguig facility, including a blast freezing section and processing area.

“The company believes that this will ensure the growth in the revenue contribution coming from the VAS as well as increase the utilization of the existing cold storage space. By expanding the existing Taguig Facility, the Company can maximize existing

demand within the area,” it said.

It will also allocate some P115.2 million to develop a greenfield cold storage facility in Cagayan De Oro, its first facility in Mindanao.

The facility will have a capacity of 8,450 pallet positions and the proceeds will be used to partially fund the construction and the equipment required inside the facility.

Some P167.7 million will be used for the development of another greenfield cold storage facility in Cebu province. The facility will have a capacity of 10,000 pallet positions and the proceeds will be used to partially fund the construction and the equipment required inside the facility. This will be Orca’s first facility in the Visayas region.

Orca intends to allocate P108.2 million for its new business initiatives, such as expanding the business segment catering to the pharmaceutical clients of the firm.

This includes acquiring the necessary equipment for its Caloocan facility and future expansion sites. It said it will also need to expand the onsite teams and upskill existing workers.

“This should allow Orca to cater to other pharmaceutical products other than the Covid-19 vaccine in additional locations.”

CIC fast-tracking flyover extension project

By Lorenz S. Marasigan @lorenzmarasigan

C

AVITEX Infrastructure Corp.

(CIC) aims to complete the Cavitex-C5 Link Flyover Extension—or Segment 3A 2: Merville to E. Rodriguez—within the next two weeks.

In a statement, CIC President and General Manager Raul L. Ignacio said the 1.6-kilometer extension

Pilmico upgrades hog feed

will provide motorists greater access to and from Taguig, Pasay, and Paranaque, helping decongest the local roads.

“The Cavitex-C5 Link will span a total of 7.7 kilometers and connect to Cavitex in 2023. This will help reduce travel time by thirty to forty-five minutes for motorists traveling from Cavitex to Makati, Taguig, and Pasay and vice versa,” he said.

Once opened, the Mer ville Entry/Exit ramps will be relocated to the new segment, in front of Shell C5 Southlink. Simultaneously, a service tunnel road will also be opened to the public to manage the traffic of motorists coming from West Service Road going to Merville, Pasay, and Parañaque.

CIC is on the last leg of works for this segment, installing traffic signage to help guide motorists on

Pilipinas Shell opens EV charging station

By Lenie Lectura @llectura

P

ILIPINAS Shell Petroleum Corp. on Thursday opened its first electric vehicle (EV) charging station, a move that puts the oil company closer to achieving its goal towards a lower carbon footprint.

Dubbed as Shell Recharge, the EV charging station is initially available in Shell Mamplasan. The oil firm said it will gradually roll out Shell Recharge to more Shell Mobility stations within the next 12 months.

The first Shell-branded charger and currently the most powerful DC fast charger located along the South Luzon expressway will make charging an EV more convenient and accessible to users. It comes with two EV charging points with CCS2 connectors allowing two vehicles to charge simultaneously.

With a 180kwH DC fast charger, the Shell Recharge station at Shell Mamplasan allows an average EV to get a full charge in just 30 minutes.

“We are making sure that Shell sites will become the go-to place for all customers, whether they drive traditional or EV, thanks to an integrated offer of fuel, EV, and convenience retail. There will be mobility destinations for everyone,” said Istvan Kapitany, Global Executive Vice President for Shell Mobility.

Also, the oil firm launched Shell NBS Carbon Offset Service.

For an additional service fee per liter, customers can opt to

compensate the equivalent carbon emissions from their fuel purchase.

The total number of liters purchased with carbon offsets by customers are then assigned the equivalent carbon credits from Shell’s independently verified global portfolio of Shell NBS afforestation, reforestation, and conservation projects. These carbon credits are then retired by Shell on behalf of the customer.

In 2020, Pilipinas Shell became the first energy company in the Philippines to offer the NBS Carbon Offset Service to its B2B fleet customers. Now, Pilipinas Shell, together with its retailers, will make the practice of compensating for carbon emissions feasible for consumers.

“By being the first Shell market in Asia to offer this particular service to everyday customers, Pilipinas Shell underscores its commitment to continue powering progress to achieve a more sustainable future,” said Pilipinas Shell Country Head Lorelie Quiambao-Osial.

Shell NBS Carbon Offset Service is available in 15 sites including Shell Mamplasan. The number could grow to 100 sites by the end of year.

Shell Recharge for EV and NBS Carbon Offset Service are among the initiatives to reduce carbon emissions and to cater to a growing number of customers whose needs are changing fast.

“Shell is rapidly becoming the Philippines’ leading mobility company and this launch is a testament to the range of its offer to motorists,” added Kapitany.

British Airways scraps 10,300 more flights

Samsung sparks $30-B tech rally after sales jump

P

ILMICO Animal Nutrition Corp.

(Pilmico) has introduced a new and enhanced formulation for its premium hog feed line, Elite XP, which boosts hogs’ growth, health and reproduction.

The upgrade contains new features, Immuno-Growth Factor and Piglet+ Technology, which are helpful to address the continued health risks among the pigs like the African swine fever.

The Aboitiz Group’s food and agribusiness unit, through the improved Elite XP, seeks to push the recovery of the swine industry and help hog raisers meet the country’s high demand for pork.

Per the Statista 2022 report, pork consumption of Filipinos reached around 14.9 kilograms (kg) per capita in 2020, down from the previous year’s total of 15.22 kg, and is expected to hit 15.49 kg in 2029.

Based on the latest report from the Philippine Statistics Authority, hog production in the country reached over 416,000 metric tons (MT) from January to March, or 1.2 percent lower than the 421,000 MT posted in the same period last year.

“To continue delivering our mission to feed humanity, Pilmico is committed to being at the forefront of transforming our products and services and helping our partners in the swine industry to reach their fullpotential,”JoanaJayson-Pequiro, assistant vice president of nutrition and research of Pilmico, said in a statement.

“As a partner for growth, this is one of the many initiatives we have in store as we continue on our mission to achieve a sustainable and food-secure country.”

Elite XP was launched via a two-month national roadshow—from Ilocos to Zamboanga—which was attended by more than 2,300 swine farmers, agribusiness store owners, local government officials and veterinarians. Roderick L. Abad

the new traffic flow in the area upon opening. “ T his project a lso helps decongest major thoroughfares such as EDSA, MIA Road, etc. benef it t ing a rou nd 50,0 0 0 motorists daily,” Ignacio said.

Meanwhile, construction for Cavitex-C5 Link Segment, which runs between the Cavitex and the Sucat Interchange, is now at 30 percent completion rate.

Friday, July 8, 2022 B1

CUSTOMERS try out Samsung Electronics Co. galaxy smartphones at the company's D'light flagship store in Seoul, South Korea, on Tuesday, July 5, 2022. BLOOMBERG NEWS

S

AMSUNG Electronics Co. reported a better-than-anticipated 21 percent jump in revenue, assuaging investors’ worst fears about the impact of weakening consumer demand and soaring materials costs on the $550 billion chip industry.

The results from South Korea’s largest company—among the first major tech firms to report earnings after a pivotal quarter—helped drive a rally in Asian stocks Thursday. While concerns linger about the longer-term impact of a potential global recession, investors seized on Samsung’s top-line expansion as a sign that chip stocks may have been oversold.

Samsung gained 3.2 percent in Seoul, while fellow memory maker SK Hynix Inc. rose 2 percent. Taiwan Semiconductor Manufacturing Co. jumped 5 percent and smaller rival United Microelectronics Corp. surged 7.3 percent in Taipei. TSMC will report its monthly sales on Friday.

The four Asian chipmakers gained about $30 billion of market value collectively in the morning. Despite that rally, they remain down for the year, reflecting uncertainty about the longer term.

“The results were less bad than expected,” said Song Myung-sup, an analyst at HI Investment & Securities.

“There were huge worries and earnings estimates were getting lowered. But the results came within the boundary of expectations.”

Samsung’s narrow sales beat offset wea ker-than-ex pected operating profit, reflecting margin pressures from rising inflation. Operating profit grew at its slowest pace in more than two years to 14 trillion won ($10.7 billion) in the June quarter, versus the 14.6 trillion won projected. It posted sales of 77 trillion won, helped by a weakening of the Korean won.

“Samsung seemed to manage memory chip shipments in the second quarter

pretty well by keeping its inventories and stabilizing prices,” said Greg Roh, head of technology research at HMC Investment & Securities. “Negotiations for chip prices would be heated in the current quarter if demand continues to fall. But the markets are not expecting severe price drops as happened in previous downturns.”

Samsung will provide net income and split out divisional performance with its full report at the end of this month.

Smartphone shipments in the second quarter might have fallen by more than 10 million units to 63 million compared to the previous three months, according to Eugene Investment & Securities analyst Lee Seung-woo. Sales of TVs and PCs also fell significantly compared to the first quarter as people spent less on pricey IT products.

South Korea’s chip stockpiles jumped more than 50 percent in May, according to the national statistics office, signaling sluggish consumer demand is directly impacting the memory chip industry.

Samsung and compatriot SK Hynix are two of the leading trio of memory makers supplying the world’s data centers and electronics makers. Both have seen their share prices slump by over 20 percent this year as worries over a potential recession grow.

Samsung warned of an “immense” challenge over its business outlook during its last earnings call as global macro risks like inflation and the RussiaUkraine war threatened ripple effects.

Consumers and enterprise clients are cutting their spending to hunker down before a potential recession, while rising interest rates and costs are directly hitting their disposable income.

US rival Micron Technology Inc., the third biggest DRAM maker, last week gave a grim outlook for the current quarter with lowered expectations for tech spending. Bloomberg News

THE British Airways livery on the tail fins of passenger aircraft at London Heathrow Airport in London, United Kingdom, on Wednesday, February 23, 2022. PHOTOGRAPHER: CHRIS J. RATCLIFFE/ BLOOMBERG

B

RITISH Airways is scrapping anot her 10, 30 0 f l ights through the summer season as it grapples with a staffing crisis that’s unleashed chaotic scenes across Europe’s aviation sector.’

Wit h t he l atest round of cancellations, which follow others earlier this week, the unit of IAG SA will have pared about 13 percent of its schedule from April through October, it said Wednesday. Only short-haul routes are affected.

BA has been among the carriers hardest hit by a staffing crunch that’s being felt across the region, after dismissing 10,000 workers at the peak of the Covid pandemic.

The latest move comes after the United K ingdom gover nment waived rules that require airlines to use airport operating slots or lose them the next season.

“While taking further action is not where we wanted to be, it’s the right thing to do,” the airline said in an email. “This new flexibility means that we can further reduce our schedule and consolidate some of our quieter services so that we can protect as many of our holiday flights as possible.”

Passengers will be able to rebook with British Airways or another airline or get a full refund, it said.

BA had already extended summer timetable cuts to 11 percent Tuesday.

With the latest announcement, it has eliminated almost 30,000 flights.

Earlier Wednesday the carrier said it was hiring Dutch rival KLM’s chief operating officer with a focus on improving operational resilience and lifting headcount to ease the shortfall.

Walkout looms

BA is also grappling with strike threats. Last month, some checkin workers at its main London Heathrow hub said they would walk out during the peak vacation period over a 10-percent pay cut imposed during the pandemic, with dates likely to be set shortly.

Rival carriers are suffering similar turmoil, with KLM slashing flights amid passenger caps at Amsterdam Schiphol airport and EasyJet Plc affected by curbs at both the Dutch hub and its main London Gatwick base.

Deutsche Lufthansa AG last month scrapped a total of 3,100 flights for July and August and faced anger from employees ahead of a supervisory board meeting late Wednesday called to discuss flight disruption.

IAG shares closed 2.8 percent higher before the f light-cuts announcement. Bloomberg News

B2

Companies BusinessMirror

Friday, July 8, 2022

GEAP wind power projects near completion—ACEN

By Lenie Lectura

A

@llectura

C Energy Corp. (ACEN), the Ayala Group’s listed energy platform, is expecting its P17-billion wind power projects that were included in the first green energy auction will be completed soon.

T he 70 me g aw at t ( M W ) Caparispisan II wind power project of Amihan Renewable Energy Corp. and the 160MW Balaoi and Caunayan wind of Bayog Wind Power Corp. were among the 24 bidders that participated in the Green Energy Auction Program (GEAP) of the Department of Energy (DOE).

Amihan Renewable is 80 percent owned by ACEN while Bayog Wind Power is a whollyowned subsidiary of ACEN. ACEN President Eric Francia

said construction of the 160MW Balaoi and Caunayan wind power project started in 2021. It will be finished in the first quarter of 2023, he added. The project cost is estimated at P11.8 billion.

For the P5.2-bil lion Caparispisan II wind power expansion project, construction will start this year. This will be completed in 2024.

“Those are the two projects that we’re confident will be completed soon. We have other projects but the expected completion would be

Japan’s consumers turn to motorcycles

J

APAN’S motorcycle manufacturers, which cast their gaze abroad long ago to make up for shrinking domestic sales, are seeing a jump in demand from an unexpected place: their home market.

Sales of bikes with engines larger than 251cc rose 32 percent to 51,035 units in the first half, according to data released by the Japan Light Motor Vehicle and Motorcycle Association this week. “I never thought I would see anything like this,” said Hideaki Iwami, head of sales at Honda Motorcycle Japan.

For the past few decades, Honda Motor Co., Yamaha Motor Co. and Kawasaki Heavy Industries Ltd. have operated under the assumption that local sales would shrink, in line with the aging population. But that trend has reversed, at least for now, thanks to changing consumer habits. The pandemic has left people with more disposable income and a desire to spend more time outdoors, while a persistent parts shortage is forcing people to wait months, or even years, for a new car.

That’s making motorcycles an attractive option for potential buyers such as Yurika Kakiuchi, a 40-year-old office worker who lives in Urayasu City, next to Tokyo. She recently obtained a driving license for motorcycles with a displacement of as much as 400cc, and plans to step up to the next level for bigger bikes. “I wanted to learn something new,” Kakiuchi said.

In terms of sales this year, Hon-

da ranked No. 1 with 15,142 units, up 54 percent. Kawasaki came in second with a 69-percent jump, while Suzuki Motor Corp. saw a gain of 19 percent. Yamaha Motor, however, saw unit sales decline by 6.8 percent.

Iwami said people are taking a fresh look at motorcycles. They have more money saved up from eating out less and taking fewer trips, and bikes are also seen as a way to get around and avoided crowded public transport. If robust demand continues, domestic unit sales “may exceed” 100,000 units this year for the first time since 1998, he said.

Motorcycles sales in Japan peaked in the 1980s when they were widely used for local shopping and commuting. In addition to changing demographics, a crackdown on illegal parking and the rising popularity of electrified bicycles have contributed to a steady decline.

The market is seeing the return of elderly riders, who are buying motorcycles to enjoy in retirement.

Also, younger buyers are attracted to the relative affordability of bikes compared with cars, according to Iwami, who said that 70 percent of the buyers of Honda’s popular CBR400R model and 65 percent of the Rebel 250 are in their 30s or younger.

Iwami remains cautiously optimistic, noting that the pandemic is easing and that consumer tastes may change again. But for now, “there are huge backorders and production can’t keep up.”

Bloomberg News

beyond 2025. We don’t want to risk it.

So, we’ll be interested to participate in future GEAP with our other projects.

Hopefully, there will be,” said Francia.

The DOE said the GEAP will be conducted on a yearly basis to encourage renewable energy (RE) developers that were not able to win in the first round, and those that were not able to submit offer, to participate in subsequent auction rounds.

Francia said the succeeding rounds of GEAP would help the country attain its goal of hitting the 35 percent (RE) share in the country’s energy mix by 2030.

“By our estimation, the Philippines needs to build more than two gigawatts (GW) of RE every year for the next decade because we need close to 20GW of RE if we are to achieve the 35 percent share and also address the demand growth. That’s the math that we came up with. Most of that will be driven by solar and wind. It also makes sense to continue the GEAP to support the 35 percent goal.”

MUTUAL FUNDS

In its proposed 2021-2040 National Renewable Energy Program, the National Renewable Energy Board recommended an increase in the Annual Percentage Increment (Km) from the initial 1 percent to 2.52 percent starting 2023, to meet the country’s aspirational RE share of at least 35 percent in the country’s energy mix by 2030 and achieve an even higher RE share by 2040.

NREB is the advisory body tasked to effectively implement RE projects in the country.

The DOE had said that the success of this competitive process will set the benchmark for the future auction rounds, as the resulting Green Energy Tariff will reflect the value of electricity.

TheEnergyRegulatoryCommission (ERC) has already set the ceiling rate for the first round of GEAP, with the Green Energy Auction Reserve (GEAR) price for solar at P3.6779 per kilowatthour (kWh), wind at P6.0584 per kWh, biomass at P5.0797 per kWh, and runof-river hydro at P5.4913 per kWh.

www.businessmirror.com.ph

PSE STOCK QUOTATIONS

July 7, 2022

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

ASIA UNITED 44.5 44.85 44.9 44.9 44.75 44.75 2,400 107,445 116.3 117 119 121.8 116.3 116.3 2,855,400 337,686,754 (30,783,053) BDO UNIBANK BANK COMMERCE 8.02 8.29 8 8.02 7.98 8.02 30,400 242,977 87.3 87.75 88.9 88.9 87.2 87.3 991,840 86,720,979(63 ,231,035.5004) BANK PH ISLANDS CHINABANK 26.9 27 27 27 27 27 262,000 7,074,000 2,286,900 6.97 7 7 7 6.96 6.97 47,900 334,618 (141,120) EAST WEST BANK METROBANK 48.75 49 48.7 49.45 48.7 48.75 2,276,500 111,112,840 (72,085,920) 17.92 18 18.08 18.08 17.92 18 16,200 291,688 10,827.9998 PHIL NATL BANK RCBC 19.52 19.8 19.52 19.52 19.52 19.52 4,000 78,080 89.5 89.75 89.4 89.9 89 89.75 132,660 11,875,976 (671,370.5) SECURITY BANK UNION BANK 77.75 79.35 80.8 80.8 77.5 77.75 106,030 8,309,590.5 (1,329,185) 1.85 1.88 1.95 1.95 1.81 1.88 162,000 302,350 BRIGHT KINDLE COL FINANCIAL 3.42 3.49 3.44 3.49 3.4 3.49 14,000 47,970 2.2 2.49 2.18 2.2 2.18 2.2 7,000 15,300 FERRONOUX HLDG PHIL STOCK EXCH 183 186.8 187.9 187.9 186.8 186.8 480 89,840 30,064 0.78 0.84 0.77 0.78 0.77 0.78 130,000 100,950 100,950 VANTAGE

INDUSTRIAL AC ENERGY 8.15 8.16 8.4 8.41 8.16 8.16 9,472,400 77,993,663 (11,993,016) ALSONS CONS 0.94 0.97 0.95 0.97 0.94 0.94 189,000 178,850 1,920 29.95 30 30.4 30.4 29.8 29.95 352,300 10,557,550 (617,890) ABOITIZ POWER RASLAG 1.97 1.98 2 2 1.96 1.98 2,157,000 4,279,910 (19,760) 0.39 0.395 0.4 0.4 0.385 0.395 1,920,000 747,100 BASIC ENERGY FIRST GEN 17.58 17.6 17.84 18.02 17.58 17.6 672,600 11,912,312 2 ,438,535.9997 62 62.2 62 62 62 62 13,400 830,800 FIRST PHIL HLDG MERALCO 350 354.8 358 359 350 350 131,610 46,181,392 (401,340) 17.28 17.3 17.2 17.48 17.16 17.28 261,900 4,515,184 655,948 MANILA WATER PETRON 3.07 3.08 3.07 3.07 3.05 3.07 176,000 539,800 9.61 9.99 9.99 9.99 9.99 9.99 5,000 49,950 PHX PETROLEUM SYNERGY GRID 12.08 12.14 12.12 12.2 12.08 12.14 640,400 7,774,428 (328,022) 18.14 18.28 18.2 18.2 18.1 18.2 520,900 9,465,748 105,584 PILIPINAS SHELL SPC POWER 9.06 9.14 9.15 9.15 9.05 9.07 95,000 864,927 10,005 1.68 1.69 1.71 1.73 1.65 1.69 69,189,000 116,552,720 122,350 SOLAR PH AGRINURTURE 5.43 5.46 5.38 5.47 5.38 5.46 1,216,600 6,593,051 302,779 2.18 2.2 2.2 2.2 2.19 2.2 234,000 514,400 AXELUM CENTURY FOOD 24 24.1 24.15 24.2 23.8 24 1,893,300 45,402,220 19,551,660 14.4 14.6 14.8 14.8 14.4 14.5 123,100 1,790,134 182,040 DEL MONTE DNL INDUS 7.03 7.1 7.1 7.15 7.03 7.03 1,418,500 10,095,822 (1,115,147) 17.7 17.8 17.9 18.4 17.48 17.7 11,226,500 198,909,706 6 ,087,219.9997 EMPERADOR SMC FOODANDBEV 45.9 46.5 46.1 47.5 45.75 46.5 118,000 5,465,340 (2,898,195) 0.59 0.6 0.59 0.61 0.58 0.59 6,236,000 3,721,510 (4,270) FIGARO COFFEE FRUITAS HLDG 1.07 1.08 1.08 1.1 1.08 1.08 1,328,000 1,442,870 99.05 100 99.5 100 99.5 100 670 66,850 4,895 GINEBRA JOLLIBEE 205 205.2 208 210.6 202.2 205 428,740 88,973,462 31,615,346 1.1 1.11 1.11 1.11 1.09 1.1 666,000 732,440 32,700 KEEPERS HLDG MAXS GROUP 4.7 4.8 4.68 4.7 4.68 4.7 5,000 23,480 0.112 0.113 0.114 0.114 0.112 0.112 490,000 55,110 (7,910) MG HLDG MONDE NISSIN 13.3 13.36 14.4 14.4 12.94 13.36 19,984,300 265,602,924 (40,947,026) 7 7.05 7 7 7 7 101,000 707,000 SHAKEYS PIZZA ROXAS AND CO 0.53 0.55 0.55 0.56 0.53 0.53 627,000 344,820 3.93 3.95 3.95 3.95 3.95 3.95 18,000 71,100 (71,100) RFM CORP UNIV ROBINA 115 115.8 118.6 119 114.7 115.8 1,283,650 148,974,633 32,552,290 0.6 0.62 0.62 0.62 0.62 0.62 3,000 1,860 VITARICH VICTORIAS 2.48 2.5 2.5 2.5 2.5 2.5 177,000 442,500 0.61 0.62 0.61 0.62 0.61 0.61 878,000 538,820 (29,980) CEMEX HLDG EAGLE CEMENT 12.34 12.36 12.36 12.36 12.34 12.34 1,700 20,998 3.43 3.55 3.54 3.55 3.43 3.55 74,000 257,810 EEI CORP HOLCIM 5.11 5.12 5.11 5.24 5.08 5.11 125,300 638,915 (46,962) 4.86 4.99 4.74 5.07 4.74 4.86 855,000 4,197,880 59,700 MEGAWIDE PHINMA 18.9 19 19 19 19 19 300 5,700 0.7 0.74 0.74 0.74 0.69 0.74 34,000 23,660 TKC METALS VULCAN INDL 0.78 0.8 0.8 0.8 0.78 0.78 257,000 201,460 1.7 1.75 1.72 1.75 1.72 1.75 63,000 109,650 CROWN ASIA EUROMED 0.96 1.03 1.04 1.04 1.04 1.04 26,000 27,040 17.18 19 19 19 19 19 100,000 1,900,000 (1,827,800) CONCEPCION GREENERGY 1.58 1.59 1.56 1.59 1.56 1.59 4,831,000 7,604,590 (790,000) 6.16 6.2 6.3 6.3 6.2 6.2 11,600 72,280 15,750 INTEGRATED MICR IONICS 0.6 0.62 0.58 0.62 0.58 0.62 799,000 483,160 1.12 1.15 1.12 1.14 1.12 1.14 168,000 188,520 12,340 SFA SEMICON CIRTEK HLDG 2.7 2.74 2.88 2.88 2.7 2.74 1,133,000 3,130,340 STENIEL

HOLDING & FRIMS

July 7, 2022

NAV ONE YEAR THREE YEAR FIVE YEAR Y-T-D

PER SHARE RETURN* RETURN STOCK FUNDS PRIMARILY INVESTED IN PESO SECURITIES (SHARES) ALFM GROWTH FUND, INC. -A 206.7 -7.92% -8.4% -5.52% -11.32% ATRAM ALPHA OPPORTUNITY FUND, INC. -A 1.3413 -7.52% -6.98% -3.81% -19.4% ATRAM PHILIPPINE EQUITY OPPORTUNITY FUND, INC. -A 2.8347 -8.45% -12.1% -8.12% -12.45% CLIMBS SHARE CAPITAL EQUITY INVESTMENT FUND CORP. -A 0.7028 -10.04% -9.85% N.A. -7.1% FIRST METRO CONSUMER FUND ON MSCI PHILS. IMI, INC. -A 0.6561 -14.11% -9.59% N.A. -14.89% FIRST METRO SAVE AND LEARN EQUITY FUND,INC. -A 4.6468 -5.87% -5.76% -3.71% -10.34% FIRST METRO SAVE AND LEARN PHILIPPINE INDEX FUND, INC. -A 0.6934 -4.62% -8.09% -6.39% -11.48% MBG EQUITY INVESTMENT FUND, INC. -A 76.49 -25.73% -14.61% N.A. -19% PAMI EQUITY INDEX FUND, INC. -A 42.5509 -7.51% -7.17% -4.04% -11.59% PHILAM STRATEGIC GROWTH FUND, INC. -A 443.32 -8.18% -7.08% -4.16% -11.46% PHILEQUITY DIVIDEND YIELD FUND, INC. -A 1.245 6.78% -2.6% -1.03% -8.21% PHILEQUITY FUND, INC. -A 32.4072 -5.91% -6.42% -3.16% -11.44% PHILEQUITY MSCI PHILIPPINE INDEX FUND, INC. -A 0.8407 -6.18% -7.62% N.A. -10.7% PHILEQUITY PSE INDEX FUND INC. -A 4.4058 -6.53% -6.54% -3.39% -11.19% PHILIPPINE STOCK INDEX FUND CORP. -A 734.19 -7.02% -6.6% -3.46% -11.38% SOLDIVO STRATEGIC GROWTH FUND, INC. -A 0.6508 -9.6% -11.7% -6.41% -13.53% SUN LIFE PROSPERITY PHILIPPINE EQUITY FUND, INC. -A 3.3009 -7.53% -9.19% -4.85% -12.57% -3.71% SUN LIFE PROSPERITY PHILIPPINE STOCK INDEX FUND, INC. -A 0.8357 -7.32% -6.89% -11.52% UNITED FUND, INC. -A 3.0683 -6.57% -6.75% -2.8% -10.74% PRIMARILY INVESTED IN PESO SECURITIES (UNITS) PHILEQUITY ALPHA ONE FUND, INC. -A 1.0271 -6.49% N.A. N.A. -11.66% PHILIPPINE STOCK INDEX FUND CORP. -A 893.73 N.A. N.A. N.A. N.A. EXCHANGE TRADED FUND (SHARES) FIRST METRO PHIL. EQUITY EXCHANGE TRADED FUND, INC. -A,C 98.976 -6.63% -6.39% -3.07% -11.21% PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (SHARES) ATRAM ASIAPLUS EQUITY FUND, INC. -B $0.9264 -26.74% -2.8% -1.24% -17.76% SUN LIFE PROSPERITY WORLD VOYAGER FUND, INC. -A $1.4363 -20.75% 2.79% 4.42% -22.21% BALANCED FUNDS PRIMARILY INVESTED IN PESO SECURITIES (SHARES) ATRAM DYNAMIC ALLOCATION FUND, INC. -A 1.5406 -9.15% -4.29% -2.84% -8.95% ATRAM PHILIPPINE BALANCED FUND, INC. -A 2.0858 -7.57% -3.85% -2.53% -8.58% FIRST METRO SAVE AND LEARN BALANCED FUND INC. -A 2.511 -4.3% -2.25% -1.07% -6.69% FIRST METRO SAVE AND LEARN F.O.C.C.U.S. DYNAMIC FUND, INC. -A 0.193 -1.88% N.A. N.A. -7.66% NCM MUTUAL FUND OF THE PHILS., INC. -A 1.8846 -4.22% -1.23% -0.24% -6.55% PAMI HORIZON FUND, INC. -A 3.4414 -7.39% -3.07% -1.67% -8.6% PHILAM FUND, INC. -A 15.4259 -7.39% -3.25% -1.73% -8.43% SOLIDARITAS FUND, INC. -A 1.9697 -5.17% -3.11% -1.76% -7.15% SUN LIFE OF CANADA PROSPERITY BALANCED FUND, INC. -A 3.3062 -6.73% -5.58% -2.68% -9.35% SUN LIFE PROSPERITY DYNAMIC FUND, INC. -A 0.8612 -3.59% -5.08% -2.26% -9.75% PRIMARILY INVESTED IN PESO SECURITIES (UNITS) SUN LIFE PROSPERITY ACHIEVER FUND 2028, INC. -A 0.899 -9.38% -4.4% N.A. -9.17% SUN LIFE PROSPERITY ACHIEVER FUND 2038, INC. -A 0.8285 -9.59% -6.98% N.A. -12.28% SUN LIFE PROSPERITY ACHIEVER FUND 2048, INC. -A 0.8171 -9.68% N.A. -12.51% -7.31% PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (SHARES) COCOLIFE DOLLAR FUND BUILDER, INC. -A $0.03313 -13.32% -4.14% -1.51% -12.68% PAMI ASIA BALANCED FUND, INC. -B $0.9206 -18.38% -2.75% -1.04% -13.73% SUN LIFE PROSPERITY DOLLAR ADVANTAGE FUND, INC. -A $3.9299 -17.52% 1.08% 2.88% -18.16% SUN LIFE PROSPERITY DOLLAR WELLSPRING FUND, INC. -A,2 $1.0147 -15.52% -1.96% 0.15% -15.34% BOND FUNDS PRIMARILY INVESTED IN PESO SECURITIES (SHARES) ALFM PESO BOND FUND, INC. -A 373.15 0.18% 2.13% 2.26% -0.31% ATRAM CORPORATE BOND FUND, INC. -A 1.8911 -1.65% -0.16% 0.05% 0.34% COCOLIFE FIXED INCOME FUND, INC. -A 3.2223 -0.24% 1.85% 3.22% -0.67% EKKLESIA MUTUAL FUND INC. -A 2.1625 -4.43% -0.42% 0.6% -3.95% FIRST METRO SAVE AND LEARN FIXED INCOME FUND,INC. -A 2.397 -1.87% 1.14% 1.6% -1.2% PHILAM BOND FUND, INC. -A 4.1847 -6.69% -0.07% 0.55% -4.8% PHILAM MANAGED INCOME FUND, INC. -A 1.3206 -0.04% 2.78% 2.8% 0.11% PHILEQUITY PESO BOND FUND, INC. -A 3.8868 -2.17% 1.82% 2.19% -1.99% SOLDIVO BOND FUND, INC. -A 1.0081 -2.72% 2.41% 1.67% -1.95% SUN LIFE OF CANADA PROSPERITY BOND FUND, INC. -A 3.1251 -2.87% 1.74% 2.53% -1.95% SUN LIFE PROSPERITY GS FUND, INC. -A 1.6922 -3.33% 0.88% 1.86% -2.22% PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (SHARES) ALFM DOLLAR BOND FUND, INC. -A $481.36 -1.02% 1.6% 1.8% -1.68% ALFM EURO BOND FUND, INC. -A Є210.59 -4.35% -1.16% -0.08% -4.28% ATRAM TOTAL RETURN DOLLAR BOND FUND, INC. -B $1.075 -9.88% -3.2% -0.87% -10.71% -0.49% FIRST METRO SAVE AND LEARN DOLLAR BOND FUND, INC. -A $0.0243 -6.9% -1.85% -6.54% PAMI GLOBAL BOND FUND, INC -B $0.8975 -14.61% -6.27% -3.5% -12.25% PHILAM DOLLAR BOND FUND, INC. -A $2.2067 -12.22% -2.18% -0.12% -11.93% PHILEQUITY DOLLAR INCOME FUND INC. -A $0.0607059 -3.64% 0.77% 1.19% -2.55% SUN LIFE PROSPERITY DOLLAR ABUNDANCE FUND, INC. -A $2.762 -13.36% -3.76% -1.55% -13.58% MONEY MARKET FUNDS PRIMARILY INVESTED IN PESO SECURITIES (SHARES) ALFM MONEY MARKET FUND, INC. -A 132.25 1.47% 2.28% 2.55% 0.81% FIRST METRO SAVE AND LEARN MONEY MARKET FUND, INC. -A 1.064 1.02% 1.57% N.A. 0.6% SUN LIFE PROSPERITY PESO STARTER FUND, INC. -A,1 1.3262 1.58% 2.12% 2.47% 0.81% PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (SHARES) SUN LIFE PROSPERITY DOLLAR STARTER FUND, INC. -A $1.064 0.59% 1.14% N.A. 0.32% FEEDER FUNDS PRIMARILY INVESTED IN PESO SECURITIES (UNITS) ALFM GLOBAL MULTI-ASSET INCOME FUND INC. -A 43.9946 N.A. N.A. N.A. N.A. SUN LIFE PROSPERITY WORLD EQUITY INDEX FEEDER FUND, INC. -A 1.1941 -8.51% N.A. N.A. -13.65% PRIMARILY INVESTED IN FOREIGN CURRENCY SECURITIES (UNITS) ALFM GLOBAL MULTI-ASSET INCOME FUND INC. -A $0.8129 -18.71% N.A. N.A. -16.2%

A - NAVPS AS OF THE PREVIOUS BANKING DAY. B - NAVPS AS OF TWO BANKING DAYS AGO. C - LISTED IN THE PSE. 1 - RENAMING WAS APPROVED BY THE SEC LAST JULY 8, 2021 (FORMERLY, SUN LIFE PROSPERITY MONEY MARKET FUND, INC.).

2 - ADJUSTED DUE TO STOCK DIVIDEND ISSUANCE LAST NOVEMBER 25, 2021.

"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."

ABACORE CAPITAL 1.63 1.64 1.53 1.67 1.53 1.64 68,031,000 109,219,970 6,244,660 641 654 655 666 636 654 351,290 229,638,655 47,822,840 AYALA CORP ABOITIZ EQUITY 49 50.15 49.4 50.15 48.1 50.15 656,900 32,628,730 4,233,960 9.6 9.64 9.81 9.9 9.5 9.6 4,825,700 47,110,562 (17,216,957) ALLIANCE GLOBAL ANSCOR 8.72 8.9 8.98 8.98 8.98 8.98 2,100 18,858 0.405 0.42 0.425 0.425 0.405 0.405 740,000 303,050 ATN HLDG A COSCO CAPITAL 4.45 4.48 4.5 4.5 4.46 4.48 1,319,000 5,922,320 789,000 8.89 8.9 8.98 8.98 8.88 8.9 2,438,000 21,721,590 5,829,437 DMCI HLDG FILINVEST DEV 6.95 7.07 7 7 6.95 6.95 21,100 147,145 485 488 485 488 481.8 488 51,400 25,035,994 (4,837,296) GT CAPITAL JG SUMMIT 50 50.2 52.1 52.1 50 50 1,182,900 59,806,299.5 (2,140,756.5) 0.52 0.61 0.61 0.61 0.61 0.61 3,000 1,830 LODESTAR LT GROUP 8.2 8.28 8.49 8.5 8.2 8.2 1,685,800 14,022,500 (574,829) 3.61 3.63 3.63 3.64 3.6 3.63 7,830,000 28,402,440 7,883,510 METRO PAC INV PACIFICA HLDG 2.27 2.49 2.3 2.52 2.3 2.31 32,000 74,660 2.4 2.41 2.67 2.67 2.4 2.4 2,487,000 6,278,680 PRIME MEDIA SOLID GROUP 0.88 0.9 0.9 0.9 0.9 0.9 16,000 14,400 833 844 817 846 817 844 258,410 216,806,630 16,010,605 SM INVESTMENTS SAN MIGUEL CORP 105 105.5 106 106 103.3 105 33,650 3,517,673 (472,203) 2.16 2.8 2.16 2.16 2.16 2.16 3,000 6,480 SEAFRONT RES WELLEX INDUS 0.25 0.27 0.25 0.25 0.25 0.25 120,000 30,000

PROPERTY ARTHALAND CORP 0.55 0.59 0.59 0.59 0.59 0.59 1,000 590 ANCHOR LAND 5.61 7.84 5.9 7.84 5.9 7.84 2,300 13,764 26.15 26.25 26.9 27.4 26.15 26.15 16,053,400 425,867,920 (154,183,410) AYALA LAND AYALA LAND LOG 3.07 3.08 3.3 3.34 2.98 3.08 2,924,000 9,085,490 (73,630) 13.16 14.3 14.52 14.52 14.5 14.5 2,000 29,004 ALTUS PROP ARANETA PROP 1.47 1.5 1.61 1.66 1.5 1.5 1,751,000 2,706,630 (112,000) 37.1 37.2 37.1 37.5 37.1 37.2 257,400 9,607,375 (1,756,615) AREIT RT A BROWN 0.73 0.76 0.72 0.76 0.72 0.76 7,000 5,280 0.67 0.69 0.69 0.69 0.68 0.69 17,000 11,660 CITYLAND DEVT CROWN EQUITIES 0.087 0.09 0.09 0.09 0.089 0.089 510,000 45,400 2.48 2.49 2.5 2.5 2.48 2.48 74,000 183,960 CEB LANDMASTERS CENTURY PROP 0.37 0.375 0.37 0.375 0.37 0.375 480,000 177,650 2.43 2.44 2.45 2.46 2.43 2.44 2,211,000 5,396,340 228,960 CITICORE RT DOUBLEDRAGON 8.11 8.27 8.31 8.35 8.08 8.11 208,000 1,700,099 253,948 1.47 1.49 1.49 1.5 1.47 1.47 1,841,000 2,723,520 47,340 DDMP RT DM WENCESLAO 6.78 6.8 6.8 6.8 6.78 6.8 19,300 131,236 0.2 0.211 0.2 0.2 0.2 0.2 40,000 8,000 EMPIRE EAST EVER GOTESCO 0.26 0.27 0.27 0.28 0.26 0.27 6,560,000 1,768,150 (35,100) 6.78 6.8 6.8 6.8 6.78 6.78 1,661,400 11,286,646 3,193,736 FILINVEST RT FILINVEST LAND 0.84 0.85 0.89 0.89 0.85 0.85 14,530,000 12,595,940 (8,419,830) 0.84 0.86 0.84 0.84 0.84 0.84 123,000 103,320 GLOBAL ESTATE 8990 HLDG 10.04 10.28 10.04 10.28 10.04 10.28 300 3,052 645.5 669.5 669.5 670 669.5 670 40 26,785 GOLDEN MV PHIL INFRADEV 0.99 1 0.98 1.02 0.98 1 609,000 605,770 (61,000) 3.5 3.85 3.85 3.85 3.85 3.85 6,000 23,100 KEPPEL PROP CITY AND LAND 0.7 0.72 0.71 0.71 0.71 0.71 60,000 42,600 2.28 2.29 2.25 2.31 2.23 2.28 27,143,000 61,766,870 (9,241,780) MEGAWORLD MRC ALLIED 0.182 0.184 0.185 0.185 0.182 0.184 900,000 164,410 15.7 16 16.1 16.26 15.58 15.7 1,533,500 24,243,278 (17,178,702) MREIT RT PHIL ESTATES 0.37 0.385 0.37 0.37 0.37 0.37 630,000 233,100 2.1 2.11 2 2.16 1.99 2.1 4,251,000 8,766,090 (1,841,230) PRIMEX CORP RL COMM RT 6.43 6.45 6.55 6.55 6.45 6.45 549,600 3,562,628 (72,306) 17.86 18.28 17.98 18.7 17.18 18.28 1,765,500 31,508,698 13,423,314 ROBINSONS LAND PHIL REALTY 0.235 0.244 0.235 0.245 0.235 0.244 3,040,000 727,720 2.91 3.05 3.05 3.05 3.05 3.05 5,000 15,250 STA LUCIA LAND SM PRIME HLDG 37.25 37.3 37.6 37.7 36.95 37.25 5,534,400 206,126,640 (87,411,220) 2.01 2.1 2.05 2.1 2 2.1 958,000 1,976,200 356,590 VISTA LAND VISTAREIT RT 1.75 1.76 1.76 1.76 1.75 1.75 2,331,000 4,088,130 (132,050)

SERVICES ABS CBN 9.6 9.75 9.58 9.89 9.58 9.75 100,500 974,944 GMA NETWORK 11.16 11.22 11.16 11.24 11.14 11.16 401,400 4,492,340 2,240 2,246 2250 2,250 2,220 2,240 9,730 21,729,210 1,576,590 GLOBE TELECOM PLDT 1,693 1,694 1747 1,747 1,686 1,693 145,780 248,336,635 (134,588,300) 0.039 0.04 0.04 0.041 0.039 0.039 115,200,000 4,560,700 (3,900) APOLLO GLOBAL CONVERGE 21.2 21.25 21.05 21.2 20.45 21.2 7,736,800 161,968,280 4,147,775 3.09 3.1 3.15 3.23 3.09 3.1 304,000 959,620 9,450 DFNN INC DITO CME HLDG 4.07 4.1 4.28 4.28 4.04 4.07 4,870,000 20,102,630 2,766,630 1.54 1.64 1.5 1.68 1.44 1.64 100,000 158,700 JACKSTONES NOW CORP 1.19 1.2 1.2 1.24 1.19 1.2 454,000 549,260 (123,000) 0.285 0.29 0.29 0.295 0.285 0.285 2,410,000 699,000 2,849.9999 TRANSPACIFIC BR 2GO GROUP 6.5 6.8 6.95 6.95 6.7 6.7 8,400 56,635 13.52 13.88 13.52 13.88 13.52 13.88 200 2,740 ASIAN TERMINALS CHELSEA 1.27 1.31 1.3 1.31 1.27 1.31 271,000 351,030 (286,530) 42.3 42.7 42.9 42.9 42.5 42.7 100,700 4,301,765 3,642,965 CEBU AIR INTL CONTAINER 186.2 186.5 193 193 186.2 186.2 1,918,340 359,356,476 (242,195,948) 0.57 0.69 0.71 0.71 0.71 0.71 19,000 13,490 LORENZO SHIPPNG MACROASIA 4.36 4.38 4.38 4.56 4.36 4.38 637,000 2,834,610 (45,000) 5.6 5.64 5.65 5.65 5.6 5.64 6,300 35,512 PAL HLDG HARBOR STAR 0.9 0.92 0.92 0.98 0.89 0.9 205,000 189,560 1.35 1.7 1.36 1.36 1.36 1.36 50,000 68,000 ACESITE HOTEL BOULEVARD HLDG 0.086 0.087 0.091 0.093 0.086 0.086 61,400,000 5,452,780 (58,960) 0.42 0.445 0.45 0.45 0.45 0.45 350,000 157,500 157,500 WATERFRONT IPEOPLE 5.21 7.19 6.78 6.78 6.78 6.78 100 678 0.325 0.34 0.33 0.34 0.325 0.33 8,320,000 2,822,650 (2,536,400) STI HLDG BELLE CORP 1.18 1.19 1.19 1.2 1.19 1.19 207,000 246,380 (6,000) 6.02 6.06 5.98 6.07 5.98 6.06 390,700 2,360,026 1,220,064 BLOOMBERRY PACIFIC ONLINE 1.38 1.43 1.43 1.43 1.43 1.43 10,000 14,300 1.37 1.38 1.37 1.4 1.36 1.38 1,013,000 1,395,130 LEISURE AND RES PH RESORTS GRP 0.85 0.86 0.9 0.9 0.85 0.85 2,742,000 2,367,100 (303,540) 0.395 0.4 0.4 0.4 0.395 0.395 1,500,000 599,450 PREMIUM LEISURE PHILWEB 3.87 3.88 4.3 4.3 3.88 3.88 11,120,000 44,453,130 (271,750) 0.315 0.32 0.32 0.325 0.31 0.315 16,830,000 5,357,000 928,000 ALLDAY ALLHOME 4.43 4.5 4.55 4.6 4.3 4.46 1,857,000 8,402,900 (443,670) 1.45 1.47 1.47 1.47 1.45 1.45 57,000 82,710 14,500 METRO RETAIL PUREGOLD 31.5 31.65 31.8 32 31.2 31.65 375,300 11,888,545 175,430 52.4 52.45 52 52.5 52 52.4 873,940 45,778,460 22,670,768.5 ROBINSONS RTL PHIL SEVEN CORP 55.5 56 55 55 55 55 160 8,800 (0) 1.33 1.34 1.32 1.35 1.32 1.34 2,456,000 3,292,290 1,994,990 SSI GROUP WILCON DEPOT 23.55 23.65 23.1 23.9 23 23.55 1,084,200 25,530,465 8,823,980 0.18 0.198 0.192 0.2 0.18 0.198 1,360,000 247,890 APC GROUP EASYCALL 3.88 4.25 3.88 3.88 3.88 3.88 8,000 31,040 6.7 6.99 6.7 6.7 6.7 6.7 200 1,340 IPM HLDG MEDILINES 0.61 0.62 0.63 0.63 0.6 0.62 50,000 30,430 (630) 0.425 0.435 0.43 0.435 0.415 0.435 2,250,000 969,450 21,500 PRMIERE HORIZON

MINING & OIL ATOK 6.9 6.98 6.82 7 6.8 6.98 58,100 397,401 APEX MINING 1.45 1.46 1.44 1.45 1.43 1.45 2,258,000 3,251,200 (775,590) 4.51 4.59 4.55 4.7 4.4 4.51 377,000 1,715,690 (546,320) ATLAS MINING BENGUET A 5.44 5.64 5.42 5.79 5.41 5.48 38,400 208,260 5.53 5.6 5.65 5.65 5.6 5.6 1,400 7,850 BENGUET B COAL ASIA HLDG 0.225 0.232 0.236 0.236 0.236 0.236 10,000 2,360 2.62 2.73 2.73 2.74 2.73 2.74 100,000 273,040 273,040 CENTURY PEAK FERRONICKEL 2.31 2.32 2.4 2.4 2.31 2.31 2,016,000 4,688,070 (501,750) 0.172 0.187 0.172 0.172 0.172 0.172 20,000 3,440 GEOGRACE LEPANTO A 0.134 0.135 0.134 0.134 0.134 0.134 5,560,000 745,040 0.0094 0.0097 0 0.0094 0.0094 0.0094 0.0094 1,000,000 9,400 (9,400) MANILA MINING B MARCVENTURES 1.28 1.29 1.33 1.33 1.25 1.29 3,687,000 4,704,770 19,350 0.9 0.93 0.91 0.91 0.9 0.9 232,000 209,620 NIHAO NICKEL ASIA 5.8 5.84 6.1 6.18 5.8 5.8 14,398,900 84,934,747 11,729,548 0.69 0.71 0.71 0.71 0.7 0.7 208,000 146,600 ORNTL PENINSULA PX MINING 3.13 3.14 3.36 3.36 3.13 3.14 2,977,000 9,400,040 (7,369,530) 36.45 36.5 37 37 36.35 36.5 2,102,300 76,845,060 25,565,270 SEMIRARA MINING ACE ENEXOR 11.86 11.9 12.28 12.48 11.5 11.86 483,600 5,811,502 0.011 0.012 0.011 0.011 0.01 0.011 54,800,000 594,700 ORNTL PETROL A PHILODRILL 0.0088 0.0089 0 0.0089 0.0089 0.0089 0.0089 1,000,000 8,900 4.9 5 5.28 5.28 5 5 255,500 1,300,801 (59,044) PXP ENERGY

PREFFERED

HOUSE PREF B 98 99.5 99.5 99.5 99.5 99.5 100 9,950 AC PREF B1 501.5 502.5 501.5 501.5 501.5 501.5 550 275,825 104 106.5 104 104 104 104 500 52,000 BRN PREF A CEB PREF 41.45 42.3 41.95 42.3 41.95 42.3 3,500 147,690 97 99 99 99 99 99 220 21,780 DD PREF EEI PREF B 104 106.5 104 106.5 104 106.5 600 62,650 970.5 1,018 1018 1,018 1,018 1,018 1,000 1,018,000 GTCAP PREF A JFC PREF B 960 965 965 965 965 965 1,200 1,158,000 48,250 98.5 99 98.5 99 98.5 99 170 16,770 MWIDE PREF 4 PNX PREF 3B 100 101 101 101 101 101 100 10,100 973 979 976 979 974 979 590 575,030 PNX PREF 4 PCOR PREF 3A 1,043 1,046 1046 1,046 1,030 1,043 2,425 2,514,995 1,063 1,068 1068 1,068 1,068 1,068 30 32,040 PCOR PREF 3B SMC PREF 2F 76.1 76.2 76 76.2 76 76.2 5,280 402,330 76.35 77 76.2 76.7 76.2 76.7 29,000 2,219,250 SMC PREF 2I SMC PREF 2J 73 74 75 75 74 74 24,860 1,839,654 73.5 74.5 74 74.5 74 74 1,730 128,070 SMC PREF 2K PHIL. DEPOSITARY RECEIPTS

ABS HLDG PDR 9.1 9.44 9.1 9.1 9.1 9.1 600 5,460 10.9 11.36 10.9 11.4 10.9 10.9 41,900 457,356 347,020 GMA HLDG PDR

WARRANTS

TECH WARRANT 0.51 0.52 0.53 0.54 0.51 0.51 750,000 395,960

SMALL & MEDIUM ENTERPRISES

BALAI FRUITAS CTS GLOBAL HAUS TALK ITALPINAS MERRYMART XURPAS

0.68 0.94 0.92 0.77 1.28 0.29

0.69 0.95 0.95 0.78 1.29 0.3

0.72 0.93 0.99 0.78 1.3 0.3

0.73 0.95 0.99 0.82 1.32 0.3

0.68 0.93 0.93 0.77 1.27 0.29

0.69 0.94 0.95 0.78 1.29 0.29

15,000,000 980,000 236,000 413,000 501,000 90,000

10,452,040 920,450 224,100 321,960 646,730 26,700

(16,200)

31,810 (101,010) -

EXHANGE TRADE FUNDS FIRST METRO ETF

97

98.6

98.55

98.55

97

97.5

10,160

994,919

98,166

www.businessmirror.com.ph

Senate bill to suspend fuel excise tax pushed

By Butch Fernandez @butchfBM

A

N earlier initiative asking the Duterte government to automatically suspend collection of excise tax on gas and diesel anchored on the MOPS as trigger point is being revived in the Senate.

In filing the enabling legislation, Sen. Grace Poe aims to amend section 148 of the National Internal Revenue Code for the purpose. She estimates that the suspension of the excise tax will immediately slash P10 from the price of gasoline per liter and P6 from the price of diesel.

The earlier initiative proposes to suspend the tax whenever the average Dubai crude oil price based on the Mean of Platts Singapore (MOPS) exceeds $80 per barrel over a 3-month period.

Poe cited a Philippine Statistics Authority report that inflation has risen in all 17 regions, with some areas outside the National Capital Region having higher due to elevated transport costs.

Moreover, the senator noted that the transport sector accounted for 31.7 percent in the rise in inflation last June, with inflation for diesel already at 92.5 percent and for gasoline at 53.9 percent.

Poe points out in a statement that “taking off P6 from the price of diesel per liter during critical times can help our drivers ply their routes again,” adding that “it will lower the cost of transporting goods.”

In addition, she cites estimates showing that 20 percent of the 900,000 jeepney drivers “have left the trade due to losses from high pump prices.”

Still, Poe struck a positive note that “the wheels of the economy can go faster if public transport is able to move people to work or buy goods and essentials that they can afford.”

In turn, Senator Panfilo Lacson promptly affirmed he was backing Poe’s proposal, observing that the government “for so long has afforded over 100 lines of valueadded tax (VAT) exemptions.”

This, as Lacson laments the Duterte government could have earned at least P117 billion in additional tax revenues in 2018 alone, even with a reduced valueadded tax (VAT) rate from 12 percent to 10 percent. This, according to the solon, could have been done by removing 78 lines of exemption from some sectors such as power, cooperatives, housing and economic zones.

At the same time, Lacson aired concerns when the economic managers of the Marcos administration said the government stands to lose over P100 billion in revenues from the said excise tax suspension.

Still, Poe emphasized that if the government can afford to lose P251 billion to benefit big companies under the Corporate Recovery and Tax Incentives for Enterprises (Create) Act in the first two years, “why can’t it do the same for our public utility drivers, delivery riders and ordinary workers who bear the brunt of higher transport costs?”

Banking&Finance BusinessMirror

Editor: Dennis D. Estopace • Friday, July 8, 2022

Diokno eyes imposing tax on pollutants

F

By Bernadette D. Nicolas

@BNicolasBM

INANCE Secretary Benjamin E. Diokno backed the imposition of taxes on carbon emissions and single-use plastics, a move proposed by the Duterte administration in its fiscal consolidation plan to help the government raise revenues.

Diokno said the implementation of tax measures is one step that the government can take to reduce pollution, noting that the Philippines is one of the countries that are most vulnerable to the effects of climate change.

“It’s in our own interest that the movement towards climate change should be supported,” Diokno said in a televised interview last Wednesday. “At the same time, I think, on our part, on the tax side, I think we should think of some measures that

we can do to reduce pollution, for example, tax on single-use plastic is worth considering.”

Apart from taxing single-use plastics, Diokno separately told finance reporters that he is also in favor of taxing carbon emissions to combat climate change.

“Carbon tax too, if feasible,” Diokno said in message. The Finance chief, however, didn’t elaborate.

Along with imposing tax measures, Diokno said during the television interview that the national government and local government units should work together and embark on cleaning the river, replanting of trees, and developing mangroves, among others.

ADB funding

TO help the country outgrow its debt, the Department of Finance under Diokno’s predecessor, Carlos

G. Dominguez III, proposed that the next administration impose new taxes, improve tax administration and cut unnecessary spending with fiscal reforms. Under the proposed fiscal consolidation and resource mobilization plan submitted by the Duterte administration to the Marcos administration, the imposition of a P20-excise tax per kilogram of single-use plastic bag by 2023 is estimated to generate annual revenues of P1 billion.

Meanwhile, the imposition of tax on carbon emissions was earlier proposed to be implemented by 2025 as the proper carbon tax structure is still under study. Given this, the Duterte administration has not disclosed any estimated revenue impact for the said proposal.

Nonetheless, imposing carbon taxes is supported by the Manilabased multilateral lender Asian De-

velopment Bank (ADB). The ADB said these are among the sustainable financing options of Southeast Asian governments to enable them to fund climate-friendly infrastructure investments and leverage green growth opportunities.

In its report, titled, “Implementing a Green Recovery in Southeast Asia,” ADB said investing in green recovery is crucial for the region as this will help it recover from the pandemic and make Southeast Asian economies resilient in the face of shocks.

As its Nationally Determined Contribution (NDC) to the Paris Agreement, the Philippines has committed to a greenhouse gas emission reduction and avoidance of 75 percent from 2020 to 2030 for the sectors of agriculture, wastes, industry, transport, and energy despite being among the countries with the smallest carbon footprints.

Asean’s financing efforts vs biodiversity loss must be scaled up–expert

By Cai U. Ordinario

@caiordinario

F

INANCING efforts to address biodiversity loss is “everyone’s business” and should be scaled up to meet the post-2020 global biodiversity framework in the next 10 years to 30 years.

Asean Centre for Biodiversity (ACB) Executive Director Theresa Mundita S. Lim emphasized the significance of the “whole-of-society” approach in addressing biodiversity loss, particularly the need to mobilize support from various stakeholders and sectors.

The UN Environment Programme (UNEP) Finance Initiative earlier underlined the importance of the “alignment of financial flows” and the pivotal role of private finance in bridging the calculated $4.1-trillion gap.

“The ACB believes that biodiversity is everyone’s business, thus we endeavor to forge partnerships and cooperation to scale up mainstreaming biodiversity, particularly in the business and finance sector,” Lim said.

She added that the rate of biodiversity loss in the Asean and in the rest of the world has been identified as among the major risks to the global economy.

Given this, Lim said, a “businessas-usual” approach could affect food security, particularly in income-poor countries, who, ironically, are the most dependent on biodiversity as natural assets.

Tan Sri Azman Hashim, Chairman of the Asian Institute of Chartered Bankers (AICB), recognized the financial sector’s “enormous influence on the outcome of climate ac-

Governance Demystified

T

tion” and urged the accelerated pace of adoption of responsible banking practices in the region.

“Nature loss and biodiversity risks represent a financial risk because everything is largely linked with nature—from harvesting or extraction to processing, to the end of the supply chain,” Lim said.

“Recognizing this dependency, it is high time to put nature and biodiversity at the core of our sectoral development and business planning and consider nature as an integral part of managing business risks and strengthening accountabilities,” she added.

In 2020, leaders of the Association of Southeast Asian Nations (Asean) adopted the Asean Comprehensive Recovery Framework (ACRF).

The ACRF serves as the region’s guide in resilience building in light

of the Covid-19 pandemic and longterm economic recovery. An integral component of the ACRF is accelerating actions to mainstream biodiversity considerations into relevant national plans, sectors and cross-sectoral issues, such as climate change.

The ACB, with its mandate to facilitate cooperation in mainstreaming biodiversity across pillars and sectors, has been working with the Asean member-states (AMS) and development partners.

The specific areas of cooperation were in integrating biodiversity concerns into development processes, by engaging key sectors such as health, agriculture, tourism, education, in addition to the business and finance sector.

“Scaling up these ongoing mainstreaming efforts needs more crosssectoral, cross-pillar collaboration,”

ACB AHP Programme Coordinator Amiel Sarne said. “Establishing more dialogues among various stakeholders would gain more support for biodiversity, particularly in harmonizing and operationalizing policies on the ground.”

The framework encourages the finance sector to rethink supply and value chains and ensure a workable balance between people, planet, and profit.

Working on scaling up and broadening natural capital accounting is integral in the efforts to mainstream biodiversity considerations into development processes.

This is crucial at this time when the Asean member-states are working together in operationalizing the ACRF and the adoption of the post-2020 global biodiversity framework.

Solons seek tax cuts for low-power users

so many different contexts (as cited in HE word, “governance” is deparagraph 2), highlighting reporting rerived from the Greek verb, quirements, legal obligations, accountkubernaein, which means “to ing/financial models, etc., which often steer.” However, the use of the term oscillate between minimum legislation in its current broader sense gained Association World compliance and best practice recomprominence only in the 1990s due to mendations. fraud and malfeasance in public and Octavio Peralta Governance is also viewed through a private institutions, as well as subsenarrow lens as one small aspect of a whole rather than as quent reports and norms disseminated by multilateral the central element of the whole, i.e., the “whole of orgainstitutions such as the United Nations, the Organisanization” governance. In effect, governance has not been tion for Economic Cooperation and Development, the viewed as the central tenant of organizational evolution World Bank and laws enacted by governments (e.g., the and peak performance.

US Sarbanes and Oxley Act).

2. Governance is at its tipping point. Despite the Governance also often refers to a level of governance progress made on governance, failures still happen as associated with: a type of organization (e.g., public govevidenced by continual corruption inquiries, financial ernance, corporate governance, nonprofit governance); crises and laws enacted, among others. a type of activity (e.g., environmental governance, interGlobally, a rethinking is underway on what governance net governance, IT governance); or a particular model or really means as there has been no single event but a raft theory (e.g., regulatory governance, participatory goverof forces (e.g., growing societal expectations, technolnance, collaborative governance). ogy shifts, emerging generation priorities, effects of the Nonprofit governance, as in the case of associations, pandemic) that have intertwined to fundamentally lead has a dual focus: achieving the organization’s purpose and to a tipping point. mission, and ensuring its viability. Both these tasks relate 3. Key questions to ask your organization. On to the fiduciary responsibility that a board of trustees policies: Are they easily accessible, understood and prac(sometimes called directors or management committee) ticed? On culture: Have you defined your culture goals has with respect to the exercise of authority over the acand tested them whether these are lived day-to-day? On tions the organization takes. collaboration: Is information openly shared or is there a The American Society of Association Executives culture of cross-function competition?

(ASAE) defines governance as the responsibility of a On staff engagement: Are staff motivated, engaged volunteer board of directors, operating according to a and supported to reach their full potential? On strategy: Is set of bylaws and working in close collaboration with the your strategy well understood by all staff? On execution: organization’s chief executive-led management staff to Do all staff members understand their roles in executing set strategic direction, provide necessary resources and the strategy? On workplace issues: Are there anonymous make key decisions that the staff then implements to channels for concerns to be raised by the staff? meet members’ needs.

Governance can be complex but demystifying it entails In the webinar, “Demystifying Governance,” organized

by Australian online community “Answers for Associaa “whole-of-organization governance” pathway. tions,” Damien J. Smith, director at Enterprise Care, a governance consultancy firm, spoke about current issues Octavio Peralta is currently the executive director of the Global Comon governance. Here are my takeaways from the webinar: pact Network Philippines and founder and volunteer CEO of the Philippine 1. Many organizations still struggle with goverCouncil of Associations and Association Executives, the “association of asnance. This is because the term “governance” is used in sociations.” E-mail: bobby@pcaae.org

By Jovee Marie N. dela Cruz @joveemarie

P

ARTYLIST lawmakers are pushing for the passage of a bill exempting households with a total monthly consumption of 200 kilowatts per hour (kWh) and less from the imposition of value-added taxes (VAT).

In House Bill 161, or the proposed “VAT Exemption for Covered Electric Billing Act of 2022,” Sagip Rep. Rodante D. Marcoleta and Rep. Caroline L. Tanchay said the measure seeks to mitigate the burden on the more vulnerable by exempting residential households with 200kWh and below total consumption from the imposition of VAT. “The average consumption per household in the entire country is 562kWh, a far cry from the number of households consuming 200kWh and less,” the solons said in the bill’s explanatory note.

It is vital to provide a little more support for the low-income earners who could no longer keep up with the rising prices of goods and services, the lawmakers said. Exempting the low-income households from the payment of VAT will be a huge relief as it would translate to a discount of almost P 1.20 per kWh, or roughly P240 per month, the bill added.

Marcoleta and Tanchay said electricity is no longer a luxury but a necessity.

“Our daily routines are crippled without a reliant supply of electric power,” the solons’ explanatory note added.

In the latest Department of Energy Compendium of Philippine Energy Statistics and Information, the lawmakers said electricity remains to be the most consumed utility in the residential sector. It ranges from 1,032 kWh in the National Capital Region to 260 kWh in Region IV-A. They said data on household expenditures

also show that electricity cost is higher than medical and household expenses.

According to the lawmakers, this obvious dependence on electricity gave power firms and inequitable leaders unrestrained control as to the charges imposed against the helpless consumers.

Currently, the solons said an electricity bill is riddled with various components with additional value-added tax (VAT) imposition-generation, transmission, distribution, universal and feed-in-tariff allowance.

Except for universal, and feed-in-tariff allowance charges, the rest of the components include the imposition of VAT Under the Train Law, or Republic Act (RA) 10963, a 12-percent VAT is imposed on the sale of electricity, transmission by any entity— the National Grid Corp. of the Philippines included—and distribution companies, including electric cooperatives.

“While a decent few may be able to tolerate them, a great majority are seriously impaired by the stack of taxes on top of all the component charges,” Marcoleta and Tanchay said in the explanatory note for the bill. “This is not even taking into consideration yet the unresolved issue of possible double taxation involved in the payment of electric bills.”

Under the bill, VAT exemption for covered residential households with 200kWh and less electrical consumption in a month is exempt from the imposition of VAT on the sale of electricity, transmission by any entity, including the National Grid Corporation of the Philippines, and distribution by companies, and electric cooperatives.

The bill said the exemption should be automatically applied by the private utilities and rural electric cooperatives in their statements of accounts without the need for application from the consumer.

Ernst & Young names 16 winners in tech-start-up competition; 2 from PHL

S

GV & Co., a member firm of Ernst & Young (EY) Global Ltd., has announced the winning start-up participants accepted into EY’s “Foundry Cohort 5” (EY Foundry).

The accounting firm explained in a statement that since 2018, EY Foundry has been helping early-stage tech startups accelerate business growth through

B3

piloting and scaling activities with the EY organization, in particular its “tax, law and people advisory services” teams.

EY Foundry helps start-ups to connect and network, with a focus on generating internal traction for the start-ups.

Over the past four years, the EY Foundry program has incubated four cohorts, a total of 22 start-ups, facilitated product

demonstrations to the EY organization and enterprise teams and technology pilots within the global EY network.

The EY Foundry program will be run virtually and will include start-ups across Asia-Pacific including Australia, Cambodia, Guam, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Sri Lanka, Thailand and Vietnam. The

EY Foundry received a record number of applicants for the program, going from strength to strength in supporting startups across Asia-Pacific and the global EY network. It has been focused on increasing support for women-led enterprises and this year eight out of the 16 start-ups are founded by women entrepreneurs, increasing the average across its five

cohorts to 46 percent, more than double the global average.

The 16 start-ups in this year’s program were chosen based on their ability to provide disruptive technologies and solutions across the following areas of innovation: services of tomorrow; new enterprise; sustainability; and, people and wellness.

Beginning in July 2022 and for a period of six months, the start-ups in Cohort 5 will participate in a range of activities that will give participants the tools to accelerate growth and expand their customer base. Participants will also receive Microsoft Azure credits worth $150,000 to help develop their technology stack.

B4

Show BusinessMirror

Friday, July 8, 2022 • Editor: Gerard S. Ramos

www.businessmirror.com.ph

An ‘Affair’ with James

Today’s Horoscope

By Eugenia Last

describes as exhausting even. “Playing heavy scenes, you really have to prepare for it. Somehow I’m going through something as my character, so I really have to put my focus, to stay in the moment as much as possible.”

A Family Affair can be seen on the iWantTFC app 48 hours before its TV broadcast. Viewers can also catch the series on Kapamilya Channel, Kapamilya Online Live, A2Z, Jeepney TV, TFC IPTV, and TV5. n

JAMESON BLAKE

I

’M usually no kiss-and-tell but it has to be known: I slept with upcoming actor Jameson Blake.

It happened only once but it forever is in my mind. It happened in one, cold December night. We were on our way to a party where he, along with the other members of the now defunct The Hashtags, were the guest performers. We were in a spacious van. He started the conversation by borrowing my powerbank. We looked at each other’s eyes and when I reached over to give my charger, our hands touched. Being the holiday rush at the time, I decided to take a nap. I woke up and we were just halfway through our journey, I saw him sleeping too. So, yes, we slept together in the van. With the other Hashtags members. And the assigned driver. And even with a personal assistant or two.

OK, so you might say at this point that there’s nothing newsworthy about Jameson and why I am featuring him today. Well, he is now part of A Family Affair, ABS-CBN’s newest series which premiered this week and quickly rose to the top 5 most viewed Kapamilya show.

Starring alongside Jameson in A Family Affair is social media sensation Ivana Alawi along with Gerald Anderson, Sam Milby and Jake Ejercito. Set in a fictitious provincial town named General Luna, it tells the story of a beautiful girl named Cherry Red (Alawi), who mysteriously inherits a property when the matriarch of the richest family of their town, Carol Estralla, dies. Because of this, she becomes part of the lives of the Estrella family known as the Estrella Boys: Freddie (Edu Manzano), who is Carol’s husband, and their four sons—Dave (Milby), Paco (Anderson), Seb (Ejercito), and Drew (Blake).

Cherry and the four brothers will grow up together. These men will develop a unique relationship with her, but most especially Paco and Dave who will both have romantic feelings for her.

The two brothers will then fight over their love for Cherry, their father’s approval, and eventually the wealth of their family. The relationships within the

Man found at Taylor Swift properties faces stalking charges NEW YORK—A 35-year-old New York man is facing trespassing and stalking charges after authorities said he entered two New York City residences linked to the famed singer-songwriter Taylor Swift.

Police say the suspect, who was arrested on Friday, entered one of the residential buildings, located in the city’s Tribeca neighborhood, on March 26. He walked “through an unlocked door and remained unlawfully” before fleeing on foot when security told him to leave, investigators said.

On June 12, the same man entered another residential building linked to Swift, located on the same street, and “made threats through the intercom toward a 32 year-old female,” according to a spokesperson for the Office of the Deputy Commissioner, Public Information.

Swift, 32, has had prior issues with alleged stalkers. In 2018, police said a man broke into her Tribeca townhouse and took a nap. That same year, a Colorado man was arrested outside a Beverly Hills home owned

by Swift with a knife, a rope and ammunition. AP

family get even more complicated when the truth about Cherry’s inheritance is revealed, exposing deep buried secrets from the past. This ultimately tests loyalties and love they have for each other.

Jameson is elated to be part of the cast. His role as the bunso of the brothers also extends to behind-thescenes when shooting the series, as he treats Sam, Gerald and Jake as his kuyas. They help him and he is very grateful for their generosity. And he even shared that in between takes, they quickly go out of character and have fun. “Makukulit sila and masaya kasama,” he shares. “At first, I was intimidated kasi syempre kilala na sila and mas matagal na sa industrya sina Gerald and Sam but they are very nice.”

In preparing for the show, Jameson admits that he usually studies the backstory of his character— what his character’s struggles are and builds it from there. He considers A Family Affair very challenging because it’s a heavy family drama with elements of sexiness and suspense in it. There are many scenes he

KAPUSO ArtisTambayan on Facebook with the cast of First Lady.

the number of times users engaged with a page’s posts through clicks, reactions, comments, and shares. It gives a significant measure of how compelling the content of the page is.

CELEBRITIES BORN ON THIS DAY: Sophia Bush, 40; Milo Ventimiglia, 45; Kevin Bacon, 64; Anjelica Huston, 71.

HAPPY BIRTHDAY: Share your beliefs and feelings, and make an effort to do something to help a cause that concerns you. What you offer to do for others will lead to associations with individuals who can offer knowledge and introductions. Designate time for work and play.

Balance, moderation and goodwill will help you lead a vibrant life. Make happiness your priority. Your numbers are 8, 13, 21, 23, 33, 37, 43.

ARIES (March 21-April 19): Don’t make a mountain out of a molehill; the consequences will leave you in a precarious position. Stay calm and look for alternatives that make your life easier and your relationships better. Keep the peace and strive for personal growth. HHH

TAURUS (April 20-May 20): Emotional situations will escalate quickly. Have another plan in place if something goes awry. Be true to yourself, and don’t believe secondhand information.

Rethink your goal, and make sure all your paperwork is updated. Someone’s loyalty is questionable. HHH

GEMINI (May 21-June 20): Focus on how you look and what you do for others. How you handle those around you and what you put up with will determine the outcome. Don’t overlook what makes you happy. Pay attention to spending habits.

HHH

CANCER (June 21-July 22): Participate, and do your best to make a difference. How you reach out to others and what you are willing to do will speak volumes about your character, integrity and desire to do what’s right. Use your imagination to create your destiny. HHHHH

LEO (July 23-Aug. 22): Choose to get along with everyone. It will be easy to get into an emotional spat with someone if false information or exaggeration occurs. Precision, paying attention to detail and verifying information will help ward off a precarious situation. HH

VIRGO (Aug. 23-Sept. 22): Get fired up about what you want to do, and don’t stop until you bring about positive change. A move, trip or educational pursuit that adds new skills to your toolbox will help you take your attributes in an exciting direction. HHHH

LIBRA (Sept. 23-Oct. 22): You’ll face opposition if you try to make changes that aren’t popular. Find out what the majority wants. Market what you have to offer, and aggressively seek approval. Build a strong base from your charm.

HHH

SCORPIO (Oct. 23-Nov. 21): Don’t let desire or greed lead you astray. Consider what you can offer and who you want to help. Paying attention to what’s essential will make you feel good about what you do and who you are. Pay it forward. HHH

GMA extends dominance to Facebook, TikTok GMA Network further strengthens its delivery of world-class entertainment beyond the traditional media as it dominates Facebook and TikTok, two of the country’s favorite social-media platforms.

On Facebook, GMA Network (www. gmanetwork.com) is the top Philippine media organization with 22,126,213 likes as of June 2022. Facebook Help Center defines likes as a user “showing support for the Page and that they want to see content from it. The Page will show up as being liked in the About section of that person’s profile.”

On the other hand, “when someone follows a Page, it means they may receive updates about the Page in their News Feed.”

According to Sprout Social, for the first half of 2022, GMA Network’s Facebook page similarly led in terms of Public Engagements by 72 percent against its closest media competitor. Public Engagements refer to

Facebook has 86.6 million active users in the country in April 2022, reaching the 6th spot among countries with the most Facebook users worldwide, according to Meta’s advertising resources.

GMA Network likewise rules on TikTok with 1.1 million followers. Some of its top posts are from the daily showbiz news updates “Kapuso Showbiz News” and the #GMAPaNoticeChallenge, an acting challenge where fans can make their own versions of scenes from GMA shows with the best ones getting featured on the GMA Network account.

Meanwhile, the Philippines ranks 7th among countries with the most TikTok users globally. Figures from ByteDance’s advertising resources indicate that the country has 40.4 million active TikTok users aged 18 and above, as of April.

The extensive influence of GMA Network on both Facebook and TikTok suggests that a large number of audiences choose to be entertained on social media by GMA’s top-notch content that fans continue to engage with.

SAGITTARIUS (Nov. 22-Dec. 21): Dedication and hard work will not go unnoticed. Stop anyone who interferes or tries to lead you astray. Focus on home improvement, getting along with loved ones and making a positive lifestyle change.

Don’t exaggerate or overspend. HHH

CAPRICORN (Dec. 22-Jan. 19): Ask friends, relatives and peers to help you make your home into a fun gathering place for everyone to enjoy.

Understanding what others desire or expect will help you gain popularity and get what you want and need in return. HHHH

AQUARIUS (Jan. 20-Feb. 18): You’ll face opposition when dealing with sensitive issues. If you let anger take the reins, you will face a stalemate. Look inward and concentrate on selfimprovement instead of trying to change others. Share only what’s necessary. HH

PISCES (Feb. 19-March 20): Deal with money matters first and foremost.

Spontaneous purchases will end up costing more than you can afford. When a salesperson or scam artist uses pressure tactics, keep your wits about you.

Stick close to home. Think big; be moderate. HHHHH BIRTHDAY BABY: You are helpful, intuitive and generous.

You are assertive and adjustable.

‘give me more!’ BY WINSTON EMMONS The Universal Crossword/Edited by David Steinberg

ACROSS 1 Some shirts have one built in 4 Instance of fraud 8 Valentine’s Day flower, often 12 Big jump 13 Pondered aloud 15 Filled with wonder 16 A singular time 17 Eat away at 18 “Super cool!”

19 Documents on who’s been naughty and nice?

22 Big ___, California 23 Madison Square Garden, e.g.

24 Word after “Mother” or “silly” 28 Pyromaniac’s crime 30 .,,,?

32 Color that represents anger 34 Court 35 Brouhaha 36 Elite athlete 40 “Blitzkrieg Bop” band 43 Its HQ is in Langley, Va. 44 Scream director Craven 46 Goal of some sunbathers

47 51 55 56 58 59 62

Trendy isms?

Do a queen’s job Follow Furious ___-Magnon Poetry competition hosted by Nana?

Piece of dough in a French restaurant?

65 “Piece of cake,” e.g.

66 Wee bit 67 Genesis twin 68 Compact 69 Feels badly about 70 Time to give up?

71 Bring up, or something to bring up 72 Cards on lanyards DOWN 1 1959 film with chariots 2 Formula One competitors 3 Highest point 4 Defame 5 Earned a trip to the swear jar 6 At this point 7 Go-between 8 Price of freedom?

9 10 11 12 14 20 21 25 26 27 29 31 33 36 37 38 39 41 42 45 48 49 50

“You ___ me big time!”

Briny expanse Summer hours in D.C. Tons of Barb and Star Go to Vista ___ Mar (2021 comedy) French painter Edouard Freudian concept Country whose flag has crossed swords over a khanjar “No Ordinary Love” singer Those, in Spanish Areas for surgical residents: Abbr.

Layer of stain Top ___ Entertainment (record label) Really feel yesterday’s workout Pride member Back muscles, for short String around the finger, e.g.

Members of some stable families? “___ more song!” (“Encore!”)

Fish in a tin Where a baseball team sits “___ the fields we go...”

Savory baked pastry

52 Apple storage service 53 Drain covers 54 “That’s enough!”...and a hint to the origins of the starred clues’ answers 57 More domesticated 60 Assistance 61 iPhone speaker?

62 Fish in a caterpillar roll 63 Function 64 Competed in a 5K Solution to today’s puzzle:

www.businessmirror.com.ph

Show BusinessMirror

Editor: Gerard S. Ramos

• Friday, July 8, 2022

Nora N

ORA is finally a National Artist. Along the way, she made political positions that confused and conflicted her relationship with her admirers and supporters, a great part of this composed of cultural workers, critics and the academe. I must admit I am part of this sector.

The fact is we can never understand Nora Aunor.

Which means, we should never understand this person. After a century, there will only be her arts and those footnotes that should include her errors, the personal psychology informing her politics, and many other things that will provide the caveat, the exemptions, the questions about this supreme artist. History will then judge her, if that discipline will still be around. People will judge her, but this will be a population separate from us, amused and angry perhaps now, because by then we will be an imagination of these days and the facts that made these moments.

When was it I was informed I should write an essay about her? The piece was expected to be included in the documents to be printed for that day when she was to be a National Artist. We know the story: the proclamation was aborted. It would take more years before the declaration happened and when it did, I doubt people remembered this piece, excerpts of which I now share here. nnn HERE is the origin: Nora Aunor was born poor.

Eustaquio Villamayor, the father, was a porter in the Iriga Philippine National Railways Station or PNR. Antonia Cabaltera Villamayor was the housewife who sewed on the side.

Nora never denied this beginning. This origin marks her career that is always moving from one point to another. Nora has always been on a journey.

This journey is both a material reality and a metaphor.

Not that travel as metaphor is solely her own. Far from it, Nora’s movement has represented art and its many dimensions.

The journey is short of epic, especially if one realizes that in this nation, social mobility is one of the many myths perpetuated by those in education.

Nora Aunor sold water at the train station in Iriga, Camarines Sur. At a time when water was not being bottled yet, water being sold in bus and train stations was suspect. They could be unclean; the bottles could not have been washed properly. Picture this very thin girl, dark-skinned, selling her merchandise. In a movie version, this girl could break into a song, the old men and women coming from more comfortable stations in life would tear up a bit and smile and buy the bottled water. The girl, in gratitude, would begin to sing, first in a soft voice and then, picking up, her song would soar above the train speeding away from her town.

That is cinema. In real life, then and now, people would shoo the girl away.

But, like in the cinema, the girl selling water she bottled herself from some mean faucet, she had a dream. This dream came from one fact that people around her acknowledged: She could sing.

She did sing when she was home and as she joined amateur contests. Then she traveled to Naga to join the “Liberty Big Show.” The whole of Naga listened to the amateur vocal singing contest through the radio.

Many would go to Plaza Kiosko, now Plaza Quezon, to watch live the only regular entertainment then in the small city of Naga. Nora won and won big, in her mind. The take-home cash was big for this young girl who was earning little from her bottled water. The prize money, as the story goes, was used to pay the debt in a small sari-sari store near the railroad tracks.

Then Nora went to Manila. It could have been by train, on those railroad tracks. In the 1960s the bus ride to Manila was for the daring. The safest and the most regular was via the train.

In Manila, she joined Tawag ng Tanghalan. And won.

She was singing torch songs and ballads that did not match her looks and size. She was original.

She was odd. Her voice was not sweet. It was a dark contralto, with a lower register that echoed the timbre of blues and jazz singers. The voice seems born out of pain, but there was always hope. No one could categorize Nora. Nora’s entrance to movies happened at a time when the actors and actresses recruited had faces that did not look regular and ordinary. The women were ethereal. Nora’s face would build a new model. The quotidian on her side, the phenomenon of Nora Aunor started to cause a shift, a tremor in taste, an alternative aesthetics.

Like the other newcomers, Nora was treated as almost a curiosity and her coterie an epidemic. In a category all by herself, Nora would be embraced by people who saw in her their own aspirations.

Nora would cease to be an actress and critics would reinvent for her a word, the actor. Deflected of gender, Nora the actor would start to move out of the mold made for her by fans. If in her early years, lines would snake down the lobby of glorious standalone cinemas and into the streets just so fanatics could watch her in films that were amusingly charming and nearly silly in titles. The attendance in her film screenings were good but not anymore stupendously massive.

And yet something else was happening. She put up a production unit and called it NV Production, the name to stand for Nora Villamayor, her real name.

Was she saying, “This is my real person and this is the thing I want you to see?” As owner of a film company, instead of indulging in inane capers and commercial love stories, Nora would produce film after film that subverted her own persona and the histories upon which that persona was formed. Nora the producer was born. Nora’s politics by ascription was ready for criticism. Nora was 21.

Nora was this loyal and sweet actress fans loved to emulate. In a film that her NV Productions released, she played the role of a woman who was not enduringly loving enough to wait for her man. The man had gone to the mountains to fight the enemy.

Nora’s Rosario would sleep with the enemy. Directed

by Mario O’Hara, Nora would turn out a portrayal so complex and so contoured, it was a nightmare for her detractors who had declared her as merely popular, commonly commercial. The film was Tatlong Taong Walang Diyos. The year was 1976. A new critics’ group reeling from the crass practices of other award-giving bodies was formed. The Manunuri ng Pelikulang Pilipino, for that was their name, would award Nora their first Gawad Urian. Nora was 23.

The same year that Tatlong Taong Walang Diyos came out, Nora had another film in Premiere Productions.

This was Minsa’y Isang Gamu-Gamo. The film treats a theme that is incendiary even now: the presence of American bases.

The film Bona would be the next outstanding film coming out of NV Productions. The story is about a fan fawning over a stuntman who thinks he is this big action star. The feast of the Nazarene is at the center of this tale. A crowd falling for the power of the Public Christ parallels the myth of a fanatic and her idol.

Nora’s fandom was at its riotous best at this point. For the idol to play the role of a fan was strange, daring and subversive. For those who read films, Bona is Nora’s own cautionary tale about how the worst and the grand can come from being a fan, and how the bad and the evil could be with an idol who is placed beyond reach only for those who put her up there to declare that she is theirs. But Bona is not merely about the hagiographic in Nora’s life; Bona is about the profane and the dangerous, anomalous interstices that religion and doubt can fall into.

Critics have heaped praises on Bona. Still, the enjoyment of the film remains anchored to a performance of Nora who flirts with the most unattractive character there is. If there is a sympathy to be gained in this fan drawn by Nora from her own experience, it is in the distillation of the notion of human agency. When are we free from social relations? Individuated, Nora, in that scene where she goes to the wake of her father, tells us that, for all the ups and downs in her career, her recovery is not from that life but in the lives she essays and pays tribute to keenly, in comedy or in tragedy. Thus, when her brother batters her, Nora’s Bona careens and tumbles and finally falls down and out of the house and into the street of her own shattered dreams. Before that happens, we are witness to a thespian who knows how to act with her body, that even with her back turned to the audience, one senses the fear, the defiance, the last warning to oneself about how worshiping should be limited to the divine. Nora was 26.

The film Bona would go on to become one of the most critically celebrated Filipino films. It earned a berth in a listing of “One of the Best 100 Films in the

World” by the Museum of Tolerance, Los Angeles, USA, in 1997.

There was no turning back, if one may use a cliché to define Nora’s career. Politics points to perspectives and paradigms. One turns left or turns right but there is no turning back. Nora’s films are Nora’s art and politics moving on and on.

This politics is in films that ask us to count stars in heaven, with class distinction a tremor caught in a romantic narrative. Her silence is politics. Her rant is politics. This politics bristles even in themes of incest.

Recall the film Ina ka Ng Anak Mo, where Nora’s Ester Postigo discovers that the woman who has just given birth is her own mother. The father of the child is her own husband. Infertility is challenged; a barren woman is cursed by a male-ordained universe.

“Walang himala,” thus speaks Elsa. But, there is.

That miracle is the film Himala. Ricardo Lee’s best screenplay and Ishmael Bernal’s mordant masterpiece is Nora’s monumental epiphany. Produced under martial rule, the film ironically is the most liberated of Nora’s work. Books and academic papers have been lavishly released about this film that once more isolated in the petri dish of colonized societies a piquant religiosity. When Nora’s visionary Elsa denies the existence of miracle, she opens the horizon to all possibilities of faith and worship. That which she does not affirm translates into the many lies of a religion that cannot visualize the true religion because it has no image of its own sin and condemnation. Nora captures the imperfection of an accidental prophet as she keeps the doubt and the sincerity close to her heart in an acting technique, already legendary, that relies mainly on the unsaid.

Himala was declared the Best Asian Pacific Film of All-Time, CNN APSA Viewers Choice Award.

A few excellent films is all that is needed to prove an act of genius. But Nora has produced films that are so numerous, her awards are not forebodings but almost like accomplished oracles. She is the entertainer mother with a vulgarity that is equal only to her love for a child. She is the NPA amasona caught between collective ideology and personal revenge. She has awards from all major award-giving bodies. Her films have participated in film festivals abroad, with her performances noticed and noted by critics.

At a time when the entire nation was bitter and raging against the injustice committed by its own bureaucracy and the justice system of another country, she went on to assume that woman, Flor Contemplacion. Again, like a hallway of mirrors, Nora is there in the reality, the depiction of that reality.

There is also this unsettling trivia: the Flor who got executed was a fan of Nora.

In between films and singing, Nora makes a foray into theater and constructs that domain, which is always pitted against the illegitimacy of cinema, her own legitimate validation of her own competence. The play is DH. The piece is an assiduity of what she has always essayed—roles that are of the ordinary but not of the oppressed, characters that are at the margin but are never despondently marginalized. In theater, Nora acquires a class of her own that our classobsessed society has denied her, not because she does not deserve it but because her arts have made them tremble at the truths she tenders and the discomfort that those gifts of veracity bring.

When Nora’s artistry is discussed, there are no debates brought against it. If there are, they are ideas of those who adhere to different politics. If there are, those commentaries are a judgment of Nora’s personal relationships, business decisions, and other sins of commission and omission. Those remarks are addressing elements, however factual, that have nothing to do with Nora Aunor’s art. Nora’s artistry is there onscreen, in CDs, in memories of great portrayals, in the radiant possibility that someone dirt-poor, born to an abaca stripper and raised in a makeshift hut along the railroad tracks, could rise, with such slow, sometimes imperfect, majesty to an

actor whose genius defies explanations and summons intense emotions, and whose ultimate gift is in films, some with elves and impossibly cruel rich women and characters—from viragos to failed virgins, from NPA rebels with wayward ideologies buffeting personal revenge to singers whose songs are the only way to reality, from a Badjao woman who collects umbilical cords because she herself cannot produce her own to a woman whose choice of goodness and evil is matched only by the serenity and presence of mountains and mist—that teach us about everyday resistance possible for a nation, through the most populist and popular of art forms, the cinema and broadcast arts. n

THE STARLET AND HER DETRACTORS

THE son of a powerful man is most definitely dating this lovely starlet and, of course, there are many detractors just waiting to discredit her. These detractors have unearthed old pictures of the starlet when she wasn’t as attractive and polished yet. They’re hoping the powerful man’s son would see that her beauty and body are both fake. What these detractors don’t know is that it was the guy who financed the starlet’s enhancements, and that he really liked her even when she didn’t look like she does now. He just helped her because he knew it was important to her. The starlet’s detractors want the guy to date someone else. They think he’s too good for the starlet. Oh, well, shouldn’t that be up to him and not them?

FOR SHOW

WHO is the starlet who made a show of lining up for a K-pop event, saying she came from work, only to slip up and unknowingly reveal that what she got were complimentary tickets? The starlet, along with hundreds of other K-pop fans, lined up for the ticket-selling event. After she got the tickets, the starlet posted them on her Instagram Stories. She blurred the pertinent parts but she forgot to blur the price, which said “0.” The starlet was lucky that only very few people saw the Instagram story or she would have been bashed on social media. A lot of fans even praised her for lining up like the rest of them.

NOT A KIND MAN

SO, this deadbeat dad has been all over social media trying to elicit pity for his “plight.” His kids, some of whom are already successful in their own right, don’t want to be associated with him. That’s because he isn’t just a deadbeat dad. All his kids remember him as being abusive toward not only to them but also their mothers. One of his daughters has revealed that he used to call her names all the time even when she was just around six years old. People who know the actor have said that he isn’t the kindest person, and that his children shouldn’t be attacked for ignoring him. It’s not that they’re ungrateful; they just love their mother.

HER CONTROVERSIAL DECISION

AFTER she made a life-changing decision in relation to her career, the actress is now being attacked by fans online for her “flirty behavior.” It seems that fans have been so used to the actress being sweet, meek and mild that they’re shocked that she has grown up and is now making her own decisions.

The fans think the actress has broken up with her longtime boyfriend, an actor, and has since hooked up with an actorsinger. Of course, the public doesn’t know anything beyond what celebrities want us to know but it is possible that the actress has just matured and wants to do things her way since for most of her life, people have made decisions for her.

Perhaps she wants to explore the world beyond what she is used to.

B5

B6 Friday, July 8, 2022

‘True beauty starts with basic self-care’

Apex Mining Co.: Endurance is key to moving forward

A

PEX Mining Co., Inc. held its annual stockholders’ meeting on June 30 via the virtual platform. APX President & CEO Luis R. Sarmiento, ASEAN Engr. reported that the gold producer’s gross revenues hit P7.4 billion — a growth of 17.29% over 2020’s performance. Its Maco Mine Site (located in Davao de Oro) led this uptick, with gross revenues of P6.59 billion. Itogon-Suyoc Resources (a fully owned subsidiary of APX), which started its commercial operations in 2021, contributed P451 million. APX also surpassed its production target in 2021 (73,643 ounces of gold), hitting 78,709 ounces. The Maco Mine also recorded a milling throughput of 708,447 tonnes — 6.6 percent higher than 2020’s. ISRI’s milling throughput for the whole year was 70,431 tonnes. APX sold a combined total of 78,709 ounces of gold, 18% more versus 2020’s.

According to Sarmiento, APX is looking at initiatives to grow the company by consistently strengthening its production stability through continuous improvements to its production capabilities. The bottlenecks hindering the target mill production rate (3,000 tonnes per day) of its Maco Mine Site in Davao de Oro are being addressed.

FRESH MANDATES FOR THE APX BOARD OF DIRECTORS, FROM LEFT: Joselito H. Sibayan and Valentino S. Bagatsing (independent directors); Stephen G. Paradies, Chairman Jose Eduardo J. Alarilla , Luis R. Sarmiento, ASEAN Engr. President & CEO; Chairman Emeritus Walter W. Brown, and, Michael Ray B. Aquino.

Meanwhile, ISRI’s Sangilo Mine’s mine and milling operations are being ramped up to the target 400 tonnes per day. The Paracale Mine of APX’s other subsidiary, Monte Oro Resources, is now being rehabilitated. APX is considering opportunities abroad, as well.

Sarmiento highlighted the company’s corporate responsibility initiatives, both for its employees and community stakeholders.

“For instance, our understanding of how COVID is changing the way we manage health and safety in the workplace has led us to put up our own molecular testing and isolation facilities at our Maco Mine Site. These two facilities fortify our defense against COVID. In fact, our isolation area is a practical complement to our onsite

healthcare capabilities,” he said.

APX also donated equipment to jumpstart the face mask business of the Apex Employees and Community Multipurpose Cooperative – again, another way to sustainably cope with the new normal, and beyond.

APX celebrated a big win in 2021 as it was awarded the PMIEA Selection Committee Platinum Achievement Award for Underground Mining Operation of the Presidential Mineral Industry Environmental Award. APX miners also won across all the categories of the Mines’ Best Personalities: Ronnie N. Rojo, Best Underground Safety Inspector; Johary S. Unggel, Best Underground Mine Supervisor; and Marvin A. Badayos, Best Underground Miner.

Megaworld Lifestyle Malls wins 2 Stevie awards

M

EGAWORLD Lifestyle Malls won two accolades at the prestigious Asia Pacific Stevie Awards 2022 for its campaigns that centered on exceptional innovation in events and brand renovation.

Greenhouse at Village Square Alabang bagged a Silver Stevie for Innovation in Brand Renovation, being the first mall of its kind in the Philippines.

Megaworld Lifestyle Malls saw how many Filipinos have turned to planting and gardening during the pandemic, hence they rebranded the community mall to respond to the growing demand.

Greenhouse at Village Square Alabang brought together popular plant sellers and gardening suppliers all under one roof, providing a safe and convenient space for plant-lovers and gardening enthusiasts for their planting needs and expertise.

Eastwood City Drive-Thru Pet Blessing also won a Bronze Stevie for Best Use of Events, having boosted its position as the first pet-friendly community in the Philippines by innovating its annual Pet Blessing event to ensure the safety of attendees. Eastwood City complemented the promotion of the Drive-Thru Pet Blessing with emphasis on safety and sanitation protocols.

They also partnered with the Quezon City local government unit in ensuring that the organizers practice adequate safety measures amid the community’s celebration of love for pets.

The prestigious Asia Pacific Stevie Awards 2022 is an international business awards competition that is focused on recognizing innovative practices across the region.

Visit megaworld-lifestylemalls.com or call the hotline at 8-462-8888.

Explore the largest cave system in the Philippines

T

HE Philippines has over 3100 known caves. Featuring 12 chambers over its seven kilometer span, the LangunGobingob Cave in Samar is the king of them all. Discovered

by Italian Guido Rossi in 1987, it was opened to the public in 1990.

Samar Island, overshadowed by more popular places like Palawan and Boracay, isn’t usually considered a top tourist destination, owing to its long history as a hotbed for insurgencies and a punching bag for typhoons. Though the Philippines’ third largest island exudes rugged beauty, its real value as an ecotourism destination lies beneath the earth.

Unique But Threatened Biodiversity

“SAMAR is unique because it is a karst landscape made primarily of limestone. Millions of years of weathering has created numerous caves and sinkholes on the island,” explains Anson Tagtag, head of the Caves, Wetlands and Other Ecosystems Division of the DENR. “Caves are special ecosystems which harbor highly-evolved fauna, most of which have adapted to darkness.”

Birds, bats, spiders, snakes, crickets and even blind cave fish thrive inside the Langun-Gobingob Cave. The lack of light confines plants to entrances, but mushrooms and other types of fungi cling to life as discreet denizens of the dark.

“The speleothems or rocks in caves are in a very real sense ‘alive’ – they just grow and move at timescales difficult for people to comprehend,” explains Dr. Allan Gil Fernando, a professor at the National Institute of Geological Sciences in UP Diliman.

“The constant dripping of water for instance leaves minute traces of minerals like calcite. Over time these traces pile up to form hanging stalactites and their inverted kin, stalagmites. It takes about a century for a stalactite or stalagmite to grow one inch.”

“People used to enter the Langun-Gobingob Cave to break apart and mine stalagmites plus white calcite rocks for collectors,” says Samar Island Natural Park (SINP) Assistant Superintendent Eires Mate. Our guide Alvin confirms this. “Locals used to mine the cave for Taiwanese businessmen, who paid a paltry PHP7 for a kilogram of rock. Balinsasayao or swiftlet nests were plucked out too, to be shipped to Chinese markets.”

The cave was finally declared a protected area in 1997. “Thank

God for legal protection. Mining was effectively stopped,” says Eires. The Langun-Gobingob Cave is just one of many natural systems benefiting from the country’s protected area system.

Responsible cave tourism

THE Langun-Gobingob Cave is part of the Samar Island Natural Park (SINP), one of YOPA’s six highlighted parks, the others being the Bongsanglay Natural Park in Masbate, Apo Reef Natural Park in Occidental Mindoro, Balinsasayao Twin Lakes Natural Park in Negros Oriental, Mt. Hamiguitan Range Wildlife Sanctuary in Davao Oriental, and Mt. Timpoong Hibok-Hibok Natural Monument in Camiguin.

The country’s caves are now open for tourism, but visitors should know what not to do inside them. “Cave tourism should be well managed and there are cave do’s and don’ts,” says Buddy Acenas from the GAIA Exploration Club.

For its part, the Philippine government is doing what it can to promote responsible tourism. "Our caves, mountains, beaches and other protected areas are now open for tourism.

We invite both Filipinos and foreigners to come and visit, but to do so in an environmentally-responsible manner," adds DENRBMB Director Natividad Bernardino.

A

POLLO Skin Solutions asked some empowered women how to bring out their best with simple self-care techniques at home. Check out these popular online personalities Bea Benedicto, Nish Ching, Colleen Mateo, and Eileen Shi share their top tips for centering to help others not only cope, but thrive in these challenging times.

Find your joy. Bea says that staying home meant she gets to spend more time with her husband and their furbaby. “In a way, I got to appreciate all that I had in my little home. I was able to, I think for the first time in my life, to really connect with myself through meditation practice and focusing on my health. It all boiled down to the basics. A lot of the best things in life are free, such as love, contentment, wellness, and peace.”

Make being healthy a priority. Nish says that the pandemic highlighted the importance of her loved ones’ health and wellbeing. “I’ve realized that none of what we have mattered if the family is not well. I went back to basics and we started to make a conscious effort to boost our immunity and stay healthy. Eating healthy was a good start and working out together more regularly has become our favorite family bonding as well.”

Seek help if needed. Sometimes the struggle is lighter when it is shared. Eileen says she noticed a lot of people in her circle have

been constantly struggling with anxiety and depression. “It is normal to be feeling these things. We went through a lot during the last two years so there’s no need to worry because there are also a lot of people going through the same things as you. This is exactly why we need to normalize getting support from the people around us, may it be through a friend or a medical professional.”

Stay confident and beautiful. One of the perks of staying home, says Colleen, was that it gave her skin a breather from constantly having layers of makeup on. “This way, it was easier to focus on skincare and give yourself a real glow-up for when you leave the house after the lockdowns.”

These beautiful and confident ladies say they trust Apollo Skin Solutions for their skincare needs and include the line of products as part of their beauty routine. Nish says she uses Apollo Castor Oil to nourish her hair with various nutrients. Bea says she uses Apollo Petroleum Jelly to help keep her hands soft after using harsh disinfectants that are important these days. “I also use it on my feet to prevent and treat cracked heels. I apply it before I sleep and put socks on to up the moisturizing factor.”

Find out more of their wellness tips and Apollo Skin Care hacks by watching their video on Apollo Skin Care Facebook and Apollo Skin Care Instagram.

PH sends 200 delegates at ProPak Asia 2022

A

FTER its hybrid show in 2020 due top COVID-19 pandemic, ProPak Asia successfully executed its comeback and 29th edition last June 15 at Bangkok International Trade and Exhibition Centre, Bangkok, Thailand. Informa Markets, the organiser of ProPak Asia have invited several delegations from other countries including Malaysia, Indonesia, Vietnam and Philippines to name a few.

The Philippines alone brought Department of Trade and Industry, Department of Agriculture, Philippine Coconut Authority, Philippine Printing Technical Foundation and Philippine Association of Food Technologists Inc. Bagging this year’s theme, “Sustainability in Processing and Packaging for our Better World”, ProPak continues to provide the opportunities for the industry to explore, learn, and source from more than a thousand companies in the processing and packaging industries with having its commitment on being sustainable in every possible way.

Department of Trade and Industry Regional Operations Group Undersecretary Blesila Lantayona led the Philippine delegation from DTI bringing together over 180 micro, small and medium enterprises

(MSMEs) to the international trade expo.

“DTI acknowledged the role of good packagingandprocessingtoPhilippineMSMEs in enhancing productivity, marketability, profitability, and competitiveness of MSMEs” Usec. Lantayona at the opening ceremony of ProPak Asia 2022.

“DTI vows to continue its support to ProPak as the Department has seen a huge potential of the Philippines in the packaging industry and exploring ways to reach its goal to help the people in the industry through expanding their knowledge, innovating packaging solutions, and connecting with the international network of the industry.” Usec.

Lantayona added.

Since 2018, DTI organizes Philippine Investment Forum during ProPak Asia to update the investors and the attendees on the Philippine market and industry reports.

Prior to ProPak Asia 2022, the DTI visited Thailand Institute of Scientific and Technological Research and Thai Packaging Centre to seek new packaging and processing innovations and knowledge in Thailand setting to be able to use for Philippine market especially to create value addition to the MSMEs to enhance competitiveness and sustainable development of the country.

Metro Retail Stores’ third virtual community bazaar showcases eco-friendly choices

A

IMING to give its customers greater choices for going green, Metro Retail Stores Group, Inc. (MRSGI), in partnership with Vicsal Foundation (VFI), is conducting its third annual Virtual Metro Community Bazaar (VMCB) with an emphasis on supporting the sustainability initiatives of entrepreneurs and other partners for corporate social responsibility (CSR).

Taking place all through the month of July, and to commemorate the CSR Week, the Virtual Metro Community Bazaar, which can be accessed via https://shopmetro.ph/bazaar, aims to provide consumers with more ecofriendly options by highlighting companies that offer nature-friendly and sustainable products.

This activity is also part of MRSGI’s Metro Localikasan environmental responsibility initiatives that promote brands and products made in an ethical and sustainable manner.

With the wide selection of merchandise from select independent social enterprises and partners, consumers are sure to find products that will suit their tastes, as well as the causes they support.

Featured in the site are self-care items made from locally grown adlai from the highlands of Bukidnon by Kiboa Apothecare. Safe, natural, and non-toxic products will be up for grabs at the bazaar for skincare enthusiasts.

Fashion enthusiasts and gift hunters will also enjoy sustainable accessories like Likha

Virtual Metro Community Bazaar products Lokal’s katsa bags, Eco Hub Cebu’s eco-friendly homeware and everyday items, and Supera Creative’s spray bottle keychain holders, just to name a few.

Handicrafts are also available from Wow Carmen Handicrafts and Bureau of Jail Management and Penology Region VII’s (BJMPRO-VII) Livelihood Products.

Local food products from GreenEarth Heritage Foundation, Inc., Tsaa Laya, Kiboa Ridge Farms, Capa’s, Cocoplus, Bugkalot Coffee, Seakid, and Take Root are also available at the bazaar.

Consumers may also take part in MRSGI’s advocacy by extending support to their partner organizations, Caritas Manila, Habitat for Humanity Philippines, World Vision, and Bahay ng Diyos Foundation. Vouchers of varying amounts can be purchased as one’s donation that will go straight to these centers.

For more information, visit https:// shopmetro.ph/bazaar/ or it's social media pages on Facebook, Instagram, and YouTube.

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

Clarke prevails as crash mars Tour 5th stage

A

RENBERG PORTE DU HAINAUT, France—Australian rider Simon Clarke won a crashmarred fifth stage of the Tour de France on Wednesday while Wout van Aert clung onto the leader’s yellow jersey despite coming off his bike.

The big winner though was Slovenian rider Tadej Pogačar, who kick-started his bid to win a third straight Tour with a sensational ride over the cobbles to slash the gap to Van Aert to 19 seconds on a day where several of his rivals lost time. Pogačar had a broad smile as he crossed the line.

“That was a really hard day. Quite stressful in the first part, and the second part was really tough. It was a lot of power on the pedals through the day, the cobbles were dusty and dangerous,” Pogačar said.

“I’m just happy this day is over and I rode well. In the end it was a really good day for me and the (UAE Team Emirates) team…I followed Jasper Stuyven in the end. He almost dropped me a few times, I struggled and I held onto his wheel. We came onto the front to take some seconds. I have to buy him a beer.”

It was a first individual win on the Tour for Clarke, who was in tears after crossing the line. Clarke had won a team time trial in the race in 2013 and also two individual stages in the Spanish Vuelta.

The 35-year-old Clarke, who rides for Israel–Premier Tech, sprinted to victory from the remnants of an early breakaway, edging out Taco van der Hoorn.

“After the winter I had when I had no team, to then have Israel ring me up and say ‘we’ll give you that chance’ just gives you such a reality check to make the most of every opportunity.

All year this season, I’ve come out in every race swinging,” Clarke said.

“I still can’t believe I got it on the line there. Taco was well ahead of me with less than 50 meters to go. I was cramping in both legs and I just lined up the biggest throw I could possibly do and I just prayed it was enough. I need to watch the replay, I still don’t quite believe it.”

Edvald Boasson Hagen finished two seconds behind, at the end of the 157-kilometer leg from Lille Métropole to Arenberg Porte du Hainaut that went over some of the feared cobblestones that feature on the Paris-Roubaix one-day classic.

American cyclist Neilson Powless just missed out on a podium finish but moved into second in the overall standings, 13 seconds behind Van Aert and just one second ahead of Boasson Hagen.

The day saw several incidents and Van Aert was one of the first to take a tumble but his crash came as the riders were racing towards the first of the 11 cobbled sections. He was able to get back on and catch up with the peloton—although he almost went down again as he clipped the wing mirror of his own team car.

“In my opinion the roads were way too dangerous, everyone expected some stress because of the cobbles but then there was also a lot of narrowings and things on the road,” Van Aert said. “I didn’t want to take risks and the moment when I thought it was necessary to start moving up to the front I immediately crashed because of a narrowing. AP GERAINT THOMAS, wearing the best young rider’s white jersey, and Jasper Stuyven ride during the fifth stage of the Tour de France on Wednesday. AP

W

IMBLEDON, England— Wincing from abdominal pain, unable to ply his customary relentless style of tennis, Rafael Nadal thought he might need to stop playing in the Wimbledon

quarterfinals against Taylor Fritz.

Up in the Centre Court stands, Nadal’s father was waving his arms, motioning to the 22-time Grand Slam champion to quit. Not surprisingly, perhaps, he didn’t listen.

Nadal stayed out there, adjusted his service motion and his strategy—and figured out a way to win.

With much of the crowd roaring and standing after Nadal’s best strokes, he twice erased one-set deficits against the 11th-seeded Fritz and emerged with 3-6, 7-5, 3-6, 7-5, 7-6 (10-4) victory Wednesday to reach his eighth semifinal at the All England Club.

“For a lot of moments,” Nadal said, “I was thinking, ‘Maybe I will not be able to finish the match.’”

He did complete it, but said he couldn’t be sure whether he will be able to play Friday against Nick Kyrgios, a 27-year-old Australian who earned his Grand Slam semifinal debut with a 6-4, 6-3, 7-6 (5) victory over Cristian Garin of Chile.

“I don’t know exactly what I have.

It’s clear something’s not right,” said Nadal, who will get tests Thursday for an issue that first cropped up nearly a week ago but got much worse at 3-1 in the first set against Fritz. “I’m obviously worried.”

The other men’s semifinal is Novak Djokovic against Cam Norrie. The women’s semifinals Thursday are 2019 champion Simona Halep against Elena Rybakina, and Ons Jabeur against Tatjana Maria. Halep

Sports BusinessMirror

NADAL WINS, DESPITE PAIN IN ABDOMEN

QUITTING crosses Rafael Nadal’s mind—but he endures. AP eliminated Amanda Anisimova, 6-2, 6-4, and Rybakina defeated Ajla Tomljanovic, 4-6, 6-2, 6-3.

Nadal got to his 38th career major semifinal by denying what would have been a first such appearance for Fritz, who beat Nadal in the hard-court final at Indian Wells, California, in March.

That ended a 20-match winning streak for Nadal, who was bothered that day by a painful rib injury.

This time, the problem was a muscle in his stomach area, which had some athletic tape. Nadal left the court with a trainer for a medical timeout while up 4-3 in the second set—Fritz paced around the baseline, waiting.

A doctor gave Nadal some pills as the trainer tried to relax the muscle.

“They can’t do much,” Nadal said.

“Nothing can be fixed when you have a thing like this.”

When action resumed, Nadal clearly was compromised. It was hard not to think: Might he give up?

Nadal acknowledged that went through his mind. Fritz did, too.

Friday, July 8, 2022 B7

“It definitely made me kind of think. I kind of stopped being as aggressive,” the 24-year-old American said. “I feel like I let it kind of get to me a little bit.”

He pretty much handed over the second set of what would become a 4-hour, 21-minute contest under a sky of slate clouds. After Fritz took the third set, his big serve got broken three times in the next.

Nadal occasionally would watch a ball off Fritz’s orange racket fly by. Nadal couldn’t move the way he usually does. His trademark grunts of “Uhhhh!” were rare. He didn’t generate the usual zip on his serves, which dipped from a high of 120 mph to barely above 100 mph. He sought to end exchanges with a quick-strike forehand or a drop shot—sometimes with success, often not.

But Nadal is not one who concedes easily. This was his 351st Grand Slam match and he has a total of three midmatch retirements at majors (against Andy Murray at the 2010 Australian Open, against Marin Cilic at the 2018 Australian Open, and against Juan Martin del Potro at the 2018 US Open). In all tour-level events, the totals are: 1,275 matches, nine retirements.

“I hate to do it,” Nadal said.

So he summoned his best for last, grabbing a 5-0 lead in the closing tiebreaker—the first-to-10, win-bytwo format starting at 6-all in a fifth set is new to Wimbledon this year— and then five of the last six points. AP

Ikeda bucks 77 in final round, escapes with two-shot victory

C

HIHIRO IKEDA banked on a huge overnight lead as she survived a horrendous final round meltdown to claim her second championship in the last four legs of the Ladies Philippine Golf Tour (LPGT), beating Sarah Ababa by two despite a five-over 77 in General Trias, Cavite, on Thursday.

Ikeda had built a six-shot cushion over Harmie Constantino and amateur Mikha Fortuna after 36 holes of the P1.5 million championship but went through some anxious moments before pulling through in the International Container Terminal Services Inc. (ICTSI) Eagle Ridge at Aoki Invitational on a performance that was in stark contrast to her blistering second round 68 Wednesday.

“I played bad but still won,” said Ikeda, who banked P202,500 in a victory that came after she reigned at Mt. Malarayat last May, then fought back from a share of fifth at Splendido with a joint runner-up effort at Pradera Verde last month.

“I was a little bit tired and failed to play steady, but I just kept on fighting” added the Manila Southwoods and AsiaGlobal Technologies-backed pro, who honed her skills under swing coach Bong Lopez.

BIBAT, LASCUÑA CATCH GO MICHAEL BIBAT and Tony Lascuña closed out in scorching fashions in

KAYLA SANCHEZ (center) poses with Philippine Swimming Inc. President Lani Velasco (right) and Philippine Olympic Committee deputy secretary general Bones Floro.

Athletes, officials hail POC for SEAG financial incentives

A

By Josef Ramos

THLETES and sports association officials praised the Philippine Olympic Committee (POC) for continuously fulfilling its commitment by rewarding medalists in Vietnam 31st Southeast Asian Games.

The SEA Games were staged last May but cash incentives totaling P11.150 million from the POC came in as a mid-year bonus for the 417 athletes who clinched medals— individual and team—in Vietnam.

“The medalists in Hanoi are in for a surprise,” POC President Rep. Abraham “Bambol” Tolentino said on Thursday. “Most of these medalists may not know it yet, but once they check their LandBank accounts, they’ll find out about the bonuses from the POC.” John Derick Farr was unaware that the POC—through Tolentino’s deputy secretary general for international events, Bones Floro— has already deposited his P10,000 bonus for the bronze medal he clinched in cycling’s men’s downhill.

“I haven’t checked my bank account yet, but I’m thankful to the POC, especially Cong. Bambol, for the bonus,” said Farr, one of three cycling bronze medalists in the Vietnam SEA Games staged last May 12 to 23.

The MVP Sports Foundation of telco tycoon Manuel V. Pangilinan, San Miguel Corp. of president and CEO Ramon S. Ang and Charlie Gonzales’s Ulticon Builders Inc. were the major benefactors of the bonuses which the POC, under Tolentino, has given to medalist athletes for the second time.

National sports association presidents Tom Carrasco (triathlon) and Ting Ledesma (table tennis) thanked the POC for the bonuses, adding their medalist athletes would be in for a surprise.

“Kim [Mangrobang] and Fernando [Casares] have flown to the US to train and compete and on their behalf, we would like to thank the POC for the bonuses,” Carrasco said.

Mangrobang swept the women’s triathlon and duathlon gold medals in a span of less than 24 hours, while Casares topped men’s triathlon. Their individual gold medals were worth P100,000 each.

Olympic swimming medalist shifts to Philippine nationality separate flights and forced a threeway tie for the lead as Lloyd Go slowed down with a 72 in the men’s contest also on Thursday.

Bibat sustained a late frontside rally with three birdies in the last seven holes in dark skies as he bounced back from a second round 72 with the day’s best six-under 66 while Lascuña checked an impending fold-up by going four-under in the last five, spiked by an eagle on No. 16, for a 68.

The veteran pair with contrasting records on the PGT thus pooled a 54-hole aggregate of nine-under 207, catching Go at the helm after the young Cebuano find, who led the elite field by two halfway through the P2 million championship, settled for a one-birdie, one-bogey round after posting the first six-under card in his big, surprise charge Wednesday.

P

CHIHIRO IKEDA shows off her trophy as Tony Lascuña makes sure of his putt. PHOTOS BY BERNARD TESTA

HILIPPINE swimming landed a big fish following Olympic medalist and Filipino-Canadian Kayla Sanchez’s decision to shift allegiance and represent the country in future international competitions.

Philippine Swimming Inc. (PSI) President Lani Velasco presented the 21-year-old Sanchez to the local swimming community and media and to the Philippine Olympic Committee (POC) in a press conference at the POC Headquarters at the PhilSports Complex in Pasig City on Thursday.

“The PSI welcomes Sanchez with open arms and is committed to helping her achieve her goals in the next few years, including a possible stint at the Paris Olympics in 2024,” said Lani Velasco, who was with POC deputy secretary general Bones Floro during the welcoming of the new national team member.

Sanchez swam under the Canadian flag since 2016. The reigning world junior record holder in the 50-meter freestyle clinched silver in the 4x100-meter freestyle relay and bronze in the 4x100-meter medley relay at last year’s Tokyo Olympics.

She bagged two silvers and two bronzes in the 19th FINA World Championships in Budapest, Hungary and three golds in the 15th FINA World Swimming Championships (25m) in Abu Dhabi.

“It was a matter of timing and a question of timing and now is a good time to bring what I do and what I love here in the Philippines,” Sanchez said. “I think it’s a bigger picture of and a bigger meaning of using what I do and what I love to inspire Filipinos like me to commit to sports and show what they are capable of.” Josef Ramos

VICTORIOUS JINS

The Smart/MVP Sports Foundation national taekwondo team captured two gold, eight silver and nine bronze medals in two prestigious tournaments recently in Chuncheon City, South Korea. The nationals (standing from left) Arven Alcantara, Coaches Christian Al Dela Cruz, Rani Ann Ortega, Raul Samson (Team delegation head) Dindo Simpao and Paul Romero; (kneeling from left) Israel Cesar Cantos, Justin Kobe Macario, Rodolfo Reyes, Jr. Joaquin Dominic Tuson, Patrick King Perez, Jeordan Dominguez, Enrico Raphael Mella and Kurt Bryan Barbosa; and (sitting down from left) Laila Delo, Janna Dominique Oliva, Angelica Joyce Gaw, Juvenile Faye Crisostomo, Jocel Lyn Ninobla, Laeia Simoune Soria and Baby Jessica Canabal collect five silver and three bronze medals at the Asian Taekwondo Championships, before plunging to action in the Chuncheon Korea Open Championships, winning two gold, three silver and six bronze medals. The team’s participation is supported by the Philippine Sports Commission, Philippine Olympic Committee and Milo.

Motoring BusinessMirror

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

B8

Friday, July 8, 2022

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

Suzuki Brings Back Four the Win Promo S

UZUKI Philippines Inc. (SPH), the country’s pioneer compact car distributor, rings in the second half of the year by announcing the return of its customer favorite, new and improved, Four the Win Promo.

Existing and hopeful members of the Suzuki community will have four (that’s right, four!) vehicles, including their variants, to choose from, all being offered at incredibly low downpayment prices and huge cash discounts—proving that with Suzuki, it’s never too late to go for the win!

XL7

Be brave, be bold, and do it your way with the Suzuki XL7! Bring home your very own for a discount of P35,000 or a low downpayment price of P140,000.

Carry

Backed by more than 40 years of reliable performance on the harshest of roads, all variants of the depend-

Shell, PAL welcome you back to travel & vacations

P

able Suzuki Carry, are now available for cash discounts of up to P23,000 or low downpayment prices starting at P82,000. Do more, carry more!

Dzire

All that you desire might just be within arm’s reach with Suzuki’s Dzire, your perfect companion for city driving—yours for cash discounts of up to P60,000 or low downpayment offers as low as P63,000.

S-Presso

Kick-start the second half of the year with a shot of Suzuki’s S-Presso, guaranteed to bring you to life wherever you choose to take it—yours for downpayment as low as P59,000 or a discount of P32,000.

For more information, you may visit any of the 73 authorized Suzuki Auto dealerships nationwide or visit http://suzuki.com.ph/auto/. For daily updates on Suzuki, please like Suzuki

Auto Ph’s Facebook page at https:// www.facebook.com/SuzukiAutoPh, follow them on twitter at https://twitter. com/SuzukiAutoPh and Instagram at @suzukiautoph.

ilipinas Shell Petroleum Corporation (PSPC) and Philippine AirlinesMabuhay Miles (PAL) recently launched a partnership that allows you to convert your points on the road with Shell Go+ to PAL Mabuhay Miles to get you closer to your next dream destination.

The Shell Go+ and Mabuhay Miles partnership was inked at Shell C5 Southlink which has a view of the Ninoy Aquino International Airport.

“This is just the start of many things.

I know that people are really starting to move.” PSPC Vice President and General Manager for Mobility Randy Del Valle said.

“This partnership is a testament to our commitment to bring greater mobility and further accessibility by enabling Filipinos to travel beyond roads and even into the sky.”

Through this partnership, Shell Go+ members can now fuel their next flight. They can start converting their points to get 1 Mabuhay Mile for every 3 Shell Go+ points, with a minimum redemption of 30 points.

Reflecting a growing global trend, Philippine Airlines believe that partnerships like this will boost economy, especially towards the tourism industry, and at the same time, provide Filipinos more opportunities to travel.

“With the Philippines and the rest of the world opening its doors for travel, the opportunity to help people reach their desired destinations also opens.” said Stanley Ng, Philippine Airlines President and COO. “We are optimistic that the resurgence in air travel will continue and with support from partners like Pilipinas Shell, we can help bring more Filipinos to their destinations of choice,” he added.

As Lorelie Quiambao-Osial, President and CEO of Pilipinas Shell, put it: “We are in the dawn of a new era and moving on to the next normal. I am excited for this partnership. We are evolving customer experiences and needs. We continue to empower the Filipino people to live their lives. In that sense, we look at innovations in everything we do. Enabled by technology, we are offering more and more to address the differentiating customer expectations and to delight our customers in every way.”

You can now start collecting Shell Go+ points and convert them to Mabuhay Miles through the Shell Go+ application.

To k n o w m o r e a b o u t t h e p r o g r a m , head on over to: www.shell.com.ph/ GoPlusMabuhayMiles

TRAVIZ THRUSTS ISUZU TO RANKS OF ELITE ACHIEVERS Both existing and potential customers will receive additional P10,000 cash referral bonus on top of the existing P10,000 referral fee that the company already offers.

Existing customers are also entitled to the following Parts & Service discount:

I

SUZU has just joined the industry’s elite achievers by scoring another scintillating milestone, recording its 10 millionth sale of its much-admired Traviz.

Launched in late 2019, the Traviz lightweight truck quickly became a favourite among choosy business owners nationwide, surging to that 10-million sales plateau in June this year. Noted for its last-mile delivery operations—arriving to destinations almost without fail on time—Traviz continues to enjoy its lofty position as a game-changer in its segment.

Building a reputation for durability and reliability, Traviz cornered 32 percent of the Cab & Chassis market in May this year, while consistently meeting customers’ need for big cargo capacity and fuel efficiency. Its modern and ergonomic cabin design makes for a perfect fit for large-scale corporations and MSMEs as well.

Listen to Sherrie Mae PagOng, the Purchasing Head of Microserver-8 Enterprises: “Our business operates both in NCR and Mindanao regions, and Traviz has been our choice of truck due to its big cargo capacity, easy serviceability and nationwide parts availability. In our line of business, our vehicle uptime is very important and, with Traviz, we’ve been assured of its reliability on the road and durability as a truck that will last a lifetime.”

Mircroserver-8 Enterprises, one of the emerging office equipment and computer accessory suppliers in the south, was given a special

award by Isuzu Philippines Corporation (IPC) for being its 10,000th customer for the Traviz.

Held at Isuzu Manila, IPC’s new President, Noboru Murakami, led fellow Isuzu officials in awarding P10,000 in cash and another P10,000 worth of parts and service giveaway to Microserver-8 Enterprises.

Joining Murakami in the momentous occasion were Assistant Sales Division Head Hiroto Nakaguro, Assistant Division Head for Sales Robert Carlos, Department Head Mario Ojales, YGC’s Business Operations Head Johnny Fetalvero and Isuzu Manila Branch Head Art Silvestre.

“We are very happy to be recognized as the 10,000th customer of the Isuzu Traviz,” said Pag-Ong. “We have been using this truck since 2021 and we have been receiving very good feedback from our drivers nationwide. Truly, Traviz is one of our best profit partners.”

“Now that we are facing an alltime high on fuel prices, Traviz provides a viable solution as it is proven to be fuel-efficient,” Murakami said. “Traviz can run more than 1,000 kilometers in just one full tank based on our recent fuel economy drive. It also can carry more cargo with its 1,660kgs payload capacity, in the process lessening your trips immensely.”

In line with the 10-millionth sales milestone of Traviz, IPC is also giving away 10,000 liters worth of fuel for raffle to 500 customers nationwide who will purchase or reserve a Traviz from June 10 to August 31, 2022.

1

10-percent discount on Labor for Any Periodic Maintenance Service (PMS) and/or general job only;

2

10-percent discount on Parts for Any Periodic Maintenance Service (PMS) and/or general job only; and,

3

Free 1-liter Isuzu Genuine Motor Oil XTRM.

Yvonne Linchangco says go to www.isuzuphil.com, or follow Isuzu’s official Facebook page, for more information.

PEE STOP Amid the brouhaha of the vetoing of the Bulacan Freeport Ecozone bill, remedial steps are on their way from both the Senate and House of Representatives to ensure that the government doesn’t get short-changed, tax-wise, when the law finally becomes operational.

In the first place, the Freeport is basically government-owned and so, what’s all the fuzz about? How can the government dupe its own money-maker? Likewise, the P740-billion San Miguel Corp.

Bulacan Aerocity Project is never in the mix as the law mandating its construction has already been approved in January. So, again, what’s the buzz? Who’s pulling one’s leg?...Happy birthday (July 9) to Malaya M. Sadiwa. Greetings coming from Ricky, MayaSoh, Ikap, Dayong, Shang, Mayo, Dada, Migel, NaySoly and resident dishwasher.

Cheers!