BusinessMirror July 08, 2024

GIR tops $100B for 9th consecutive month

THE country’s Gross International Reserves (GIR) exceeded $100 billion for the ninth consecutive month, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).

Ph ilippine GIR reached $104.7 billion in June 2024. This represented a slight decline of $314.7 million or 0.3 percent from the $105.016 billion in May 2024.

B angko Sentral Governor Eli M. Remolona Jr. recently told reporters that some of the country’s reserves were used to stabilize the Philippine peso, which continued to be the sec -

ond-worst performing currency in the region.

“As I said before, we don’t want the peso to depreciate very sharply. We don’t have a target level for the peso. We just don’t want it to depreciate sharply,” Remolona said.

L ast Friday, the Philippine peso closed at P58.53 to the US dollar, its strongest close since May 2024, based on data from the Bankers Association of the Philippines.

The BMI, a Fitch Solutions Company, noted that the the Philippine peso has weakened by nearly 6.2 percent to the dollar on a year-to-date basis.

(See:  https://businessmirror .com. ph/2024/07/05/phl-economy-couldgrow-6-2-this-year-as-external-sector-rebounds-says-bmi/).

For its part, BSP noted that the decline in GIR on a monthly basis was due to other factors such as debt repayment and lower gold prices.

The month-on-month decline in the GIR level reflected mainly the National Government’s [NG] payments of its foreign currency debt obligations and downward valuation adjustments in the Bangko Sentral ng Pilipinas’ [BSP] gold holdings due to the decrease in the price of gold in the

international market,” BSP said.

Meanwhile, on a year-on-year basis, the GIR in June posted a growth of 5.35 percent compared to the $99.387 billion posted in June 2023. BSP noted the latest GIR level represents a more-than-adequate external liquidity buffer equivalent to 7.7 months’ worth of imports of goods and payments of services and primary income. The data also showed that the GIR in June is 6.1 times the country’s short-term external debt based on original maturity and 3.8 times based

NEDA, BSP: WORST NOT YET OVER ON INFLATION BusinessMirror

By Cai U. Ordinario

INFLATION may have slowed in June, but the National Economic and Development Authority (Neda) and the Bangko Sentral ng Pilipinas (BSP) are not convinced that the worst is over in terms of the increase in commodity prices.

B SP Governor Eli M. Remolona Jr. said there is a 50-50 chance that inflation could still breach 4 percent in July. Given this, he said, “it’s not yet time to declare victory.”

Socioeconomic Planning Secretary Arsenio M. Balisacan said rice prices, for one, are still high because of global prices. He also noted nonfood items were crucial in the 3.7-percent inflation in June 2024. (See: https://businessmirror.com.ph/2024/07/06/june-inflation-at-3-7-prices-still-hurtpoor/).

I cannot say the worst is over, but I think that extreme situations are, I think, not likely anymore,” Balisacan recently told reporters. “Hopefully, we can manage that,  walang  [there will be no] unforeseen price increases coming from utilities. I think that the BSP’s forecast is quite encouraging.”

Rate cut

REMOLONA said should inflation stay within the 3 to 4 percent target in July, this bodes well for the BSP’s plan to cut rates by August. However, he said this will not lead to larger rate cuts.

28% OF WORKERS LIKELY TO CHANGE EMPLOYERS

By Andrea E. San Juan @andreasanjuan

ORE employees are likely to change employers in the next 12 months than during the “great resignation” in 2022, as they deal with increasing

and

The survey revealed that the proportion of employees who say they’re

E arlier, the BSP said the Monetary Board is poised to cut rates in August, ahead of the United States Federal Reserve, which is expected to ease monetary policy by September. (See: https:// businessmirror .com. ph/2024/06/28/lower-ricetariff-fuels-bsp-interest-ratecut-optimism/). Recto: BTr transparency bid boosted PHL IIF survey score

asset and wealth management, with 42 percent,

and technology, with 39 percent, were more likely to say they would switch employers. Employees in government and public-sector positions, with 17 percent, and healthcare, 22 percent, were less likely to say such.  “ Even if employees don’t actually leave their current employers, it’s worth understanding more about those who are looking elsewhere,”

FINANCE Secretary Ralph G. Recto said over the weekend that the country’s improved performance in the  Institute of International Finance (IIF) survey was due in part to the transparency initiatives of the BTr. Recto noted that out of the 50 countries surveyed by the IIF, the Philippines scored the highest in debt transparency at 12.5 out of 13.

The BTr releases to the public regular comprehensive reports on the central government’s fiscal outturns and debt portfolio. T hese include the National Government Cash Operations Report (COR), which outlines the actual monthly and annual revenue collections, expenditures, and financing of the national government.

@caiordinario

Chiz backs AFP upgrade, but says war with China unlikely

By Butch Fernandez @butchfBM

SAYING there are “no winners in war,” Senate President Francis “Chiz” Escudero said at the weekend he supports all initiatives for “people-to-people” engagement between Chinese and Filipino nations, even while continuing to support budgets for the Armed Forces modernization.

“ I’m pleased that two sides are now talking not just on cooperation vs Pogo [Philippine Offhosre Gaming Operations] or organized crime, but also, on how to keep the peace in the West Philippine Sea without abandoning,” the Philippines’s prerogatives as a state, Escudero said, partly in Filipino, in an in -

terview with DWIZ. He was asked by “Usapan sa Senado” host Cely Ortega-Bueno if he would support a plan by the Executive to buy more multi-role fighter jets to beef up the country’s air defense, and Escudero replied in the affirmative. We will always support efforts to strengthen our AFP, regardless

A1

The BTr also discloses the National Government Debt (NG Debt) report monthly, which provides details of the outstanding obligations of the government.

I n its “2024 IIF Investor Relations and Debt Transparency Report,” the IIF said the Philippines has the strongest sovereign investor relations practices, which can be an important “pull” factor for capital flows.

of who’s the president,” the Senate chief added.

A total of P62 billion has been set aside for the purchase—over several years—of so-called MRFs or multi-role fighter jets for the Philippine Air Force.

“ Defending sovereignty is always a good thing,” Escudero stressed, noting that the Philippines does not have “Israel’s iron dome, or a good radar system” so it is important to improve the capability of the country’s defense system.

A good AFP has no equivalent—that’s the strongest deterrent against any possible” attack or invasion, the senator pointed out.

A nd yet, he does not think that, for all the months-long altercations between the two Asian neighbors’ maritime forces, that China will wage war on the Philippines.

T he IIF revealed that the Philippines, with a score of 48.8 out of 50, ranked first among 50 countries in its Investor Relations Survey.

A midst political uncertainty, geopolitical tensions, high debt and deficits and funding needed to mitigate and adapt to climate change, the IIF emphasized strong investor relations practices could boost a sovereign borrower’s capital flow.

These practices could help countries to engage with both

“ From experience and history of the Philippines—ninth century pa start of  relations between China and the Philippines, it came even before” the latter engaged with Spain or the rest of the west, the two peoples have been actively trading and visiting each other’s territories, Escudero said, partly in Filipino.

No occupation happened,” he added, unlike the colonization of the Philippines by a succession of Western powers.

“ People to people relations alone—not the countries, since our states were formed fairly recently—have persisted for centuries,” Escudero continued.

H e does not think China will wage war on the Philippines. “No one wants war—not China, not Taiwan, not any Southeast Asian country,” nor any claimant in disputed waters in the South China Sea.

private and public creditors and rating agencies to mobilize international capital to achieve global climate and broader sustainable development goals.

Sound investor relations practices can also help sovereigns access financial markets in times of distress and help investors in making better capital allocation decisions based on regular, open dialogue with country authorities,” the IIF said in its report.

The Philippines, along with Indonesia, also attained the highest debt transparency scores at 12.5, followed by Türkiye (12.3), Uruguay (12.0) and Brazil (11.8).

“ It is crucial that sovereign debtors enhance their capacity to disclose relevant information that helps the understanding of climate risks and opportunities for both domestic and international investors,” the IIF noted.

The Philippines met 83 percent of all investor relations assessment criteria of the IIF, providing a considerable amount of evidence and information not traditionally included in the survey.

Th is enabled the country to secure a spot at the top 5 countries with the highest IR scores in 2023 and 2024.

However, the IIF still suggested key areas for improvement for the Philippines, such as subscribing to the Special Data Dissemination Standard Plus (SDDS Plus) of the International Monetary Fund (IMF).

The IIF also recommended that policy and macroeconomic information be distributed to the investor list through email at least every two weeks and that investor conference calls should be archived on government websites.

The Philippines recorded P15.35 trillion in outstanding debt as of end-May 2024, higher by 8.4 percent than the P14.154 trillion recorded a year ago.Cai U. Ordinario

Remolona also said the BSP is keen on cutting rates by 50 basis points this year. This may be delivered in one to two cuts in the second semester this year.

He stressed cutting rates by 75 basis points may not be warranted, as such an aggressive move is meant for situations such as a “hard landing.”

A nother important consideration in rate cuts is the second-quarter GDP growth which will be released in August ahead of the meeting of the Monetary Board.

So if it’s strong growth, it gives us more of a cushion [to not cut rates aggressively],” Remolona told reporters.

L ast week, BMI, a Fitch Solutions Company, said this estimate is within the government’s 6 to 7 percent growth target in 2024.

However, while BMI maintained its outlook, downside risks remain. One key risk is that “domestic demand has

conducted by PwC noted.

The survey unveiled that employees’ job satisfaction doesn’t mean they’ll stay. It further illustrated that 56 percent of the employees surveyed who say they plan to switch companies are “moderately or very satisfied” with their current job while 13 percent are “moderately or very dissatisfied” with their current job.

T he study highlighted that increasing workload is a factor, adding that among those whose workload has increased by a large or very large extent, 41 percent say they’re likely to switch employers.

A nother factor that these employees consider in switching employers is the value of skills.

T he survey said at least “67 percent report that opportunities to learn new skills would influence their decision to a large or very large extent,” the survey noted, comparing this to the 36 percent who are unlikely to switch.

Moreover, 51 percent of the employees surveyed said they moderately or strongly agree that they have skills not clear from their qualifications, job history or job title, versus the 31 percent of those unlikely to switch.

The survey also showed that 51 percent of employees said they moderately or strongly agree  that the skills their jobs requires will “change significantly” in the next

softened,” which could affect a consumption-driven economy like that of the Philippines.

The Philippine Statistics Authority (PSA) said the 4.6-percent growth of household consumption was the slowest since 2011, excluding the lockdown years.

B MI said private consumption accounts for about 70 percent of GDP and the growth rate in the first quarter meant that household spending only contributed 3.5 percentage points (pp) to the country’s 5.7-percent growth in the first three months of the year. Still, BMI said this could be the “trough” in spending and that the estimates of higher imports indicated recovery in private consumption. (See: https:// businessmirror .com. ph/2024/07/05/phl-economy-could-grow-6-2-thisyear-as-external-sectorrebounds-says-bmi/).

five years, versus 29 percent of those unlikely to switch.

I n relation to this, the PwC survey said employees likely to leave may be more attuned to change than the general workforce.

A nother factor that employees consider in changing employers is they may be feeling overlooked at work.

T he survey noted: “50 percent moderately or strongly agree they have missed out on jobs/career opportunities owing to not knowing the right people, versus 19 percent of those unlikely to change.”

O n the changes in technology, the survey showed that 40 percent of respondents who have used GenAI in the past 12 months say it will fundamentally change their profession in under five years.

“ But leaders must aim to engage all segments of their workforce in their vision for the future so that transformation efforts stick,” the study noted.  W ith this, the survey emphasized, “When employees understand the reasons for change, they’re more engaged and connected to the organization’s goals. Leaders must communicate how megatrends such as technological disruption are altering the business context and how such changes influence the company’s strategy; then, they must connect that to the changes they’re asking employees to make.”

Further, BSP said the net international reserves—the difference between the BSP’s reserve assets or GIR and reserve liabilities—decreased by $0.29 billion to $104.69 billion as of end-June 2024 from the end-May 2024 level of $104.98 billion.

R eserve liabilities are shortterm foreign debt and credit and loans from the International Monetary Fund (IMF).

The BSP’s reserve assets consist of foreign investments, gold, foreign exchange, reserve position in the IMF, and special drawing rights. Cai U. Ordinario

‘Is the infra ready?’

FIRST, there are tax implications to consider as they will be working in the Philippines. In short, it’s like having a branch office here. Second, the mechanics of how the nomad visa will be issued, who is eligible, and other small details have to be worked out to avoid potential abuse of the visa. Another thing to consider is whether there will still be takers considering other neighboring countries have had their systems in place already,” he said. C lemente, former president of the Tourism Congress of the Philippines, also wondered  “whether our infrastructure such Internet speed and availability, as well as inconsistent power supply can support the requirements of the digital nomads.  These are essen -

tial factors to think about if we want to make inroads into this market segment.”

PSAC-Tourism member Lucio Tan III, president of the Lucio Tan Group, had proposed the issuance of nomad visas to attract longterm foreign visitors. “We need to issue nomad visas quickly to attract long-stay tourists. Other countries like Thailand, Malaysia, and Indonesia are already benefiting from this approach,” he said during the group’s recent meeting with Marcos Jr. in Malacañang. A ccording to The Conversation, a website of collaborative pieces between academics and journalists,  “In the first 10 months of its Welcome Stamp program, Barbados claims to have taken a massive US$6 million in fees, and generated at least $100 million worth of tourism revenue from just 2,500 applicants.”

Some kiddie backpacks lead-tainted, unsafe–group

By Jonathan L. Mayuga @jonlmayuga

PARENTS , beware! Your child’s backpack may be harmful.

This was disclosed by a toxic and waste watchdog organization that sounded the alarm after discovering the presence of brain-damaging lead in some kiddie backpacks sold in Divisoria, Manila.

Costing P150 each, these colorful bags are selling like hotcakes as parents go on a mad scramble for

SM welcomes partnerships for job matching, upskilling

SM is expanding its collaboration with the government and industry groups in pursuit of its advocacy for job generation and job matching.

SM is ready to partner with government agencies and private organizations in hosting jobs fairs in its malls nationwide, and roll out upskilling programs to upgrade the local workforce with relevant skills to future-proof companies.

The conglomerate earlier launched the Job Opportunities Building Skills (J.O.B.S.) advocacy, which embodies the group’s strong commitment to invest in people and serve as catalyst to job generation.

SM continues to work with the Private Sector Advisory Council, the Department of Labor and Employment, Employers Confederation of the Philippines, Jobstreet by SEEK, and the Philippine Chamber of Commerce and Industry, Philippine Exporters Confederation, and other organizations in providing job opportunities and bridging the gap between employers and potential employees.

SM malls have been an effective platform to match jobseekers with employers, connecting promising talent and available opportunities.

Since January 2024, SM has hosted over 100 weekly job fairs in various malls across the country, bringing together around 70,000 jobseekers and over 4,000 potential employers.

Last month, the job fairs recorded its 10,000th hired-on-the-spot, a milestone that positively impacts at least 10,000 Filipino families, bringing them stronger prospects in the future.

SM also developed its own upskilling program within its ecosystem with digital courses like Cloud Foundation, Business Analytics, Fundamentals of Analytics and NoSQL, and Computer Security to equip employees with digital tools that enable them to be more productive and more competitive professionally.

Employees are given microcredential training and short courses developed by the Asia Pacific College and the National University, which are both CHED-designated Centers of Excellence in Information Technology.

This upskilling program is intended to be expanded to other companies and institutions to help their employees stay competitive and keep pace with the changing demands on the workforce.

As jobs accelerator, the group is open to partnering with other stakeholders in achieving economic empowerment by providing job and training opportunities. Interested government agencies and private organizations may reach SM J.O.B.S through email info@smjobs.ph.

Patroller Therese Carmela

BT

Diaz inspected and documented the samples, noting that none of the bags had proper labeling, which is worrisome for the consuming public.

affordable school supplies.

In a statement, BANToxics said using a Vanta C Series HH XRF Analyzer, it screened the school bag samples from the colorful designs, and painted fabric, including the zippers, and found toxic lead levels up to 11,900 parts per million (ppm) in some of the bags.

“It is alarming to discover that, until now, we still find the presence of toxic chemicals in some children’s products, such as school supplies, despite existing regulations in the country,” said Thony Dizon, Toxics Campaigner of BAN Toxics.

Under the DAO 2013-24 or the DENR Chemical Control Order for Lead and Lead Compounds, the use of lead in the production and sale of school supplies is strictly

prohibited.

According to the World Health Organization (WHO), lead exposure can have serious consequences for the health of children. At high levels of exposure, the brain and central nervous system can be severely damaged, causing coma, convulsions, and even death.

The WHO factsheet on lead poisoning further says: “Children who survive severe lead poisoning may be left with permanent intellectual disability and behavioral disorders. At lower levels of exposure that cause no obvious symptoms, lead is now known to produce a spectrum of injury across multiple body systems. In particular, lead

Sen. ‘Tol pitches Manila Zoo transfer from city to Masungi

SBy Butch Fermandez @butchfBM

EN. Francis Tolentino picked up the cudgels for the animals cramped in their cages in the six decades-old Manila Zoo at the fringe of the capital city’s tourist district in Malate.

In batting for the “Lipat Bahay” zoo, Tolentino suggested an option for the affected animals, as well as residents squatting in the fringes of the zoo to “transfer Manila Zoo to the Masungi Georeserve in Rizal province.”

Tolentino raised the option pointing out that “the transfer of the 65-year-old zoo from its current location in Malate, a highly urbanized district in Manila, to the renowned geotourism site in Baras, Rizal, would “allow the animals under the zoo’s care to live under better conditions that are also closer to their natural habitat.”

“ Mas maganda kung mabibigyan

ng espasyo ang mga inaalagaang hayop  [ng  Manila Zoo]  kung saan maaari silang mabuhay sa tamang lugar at klima ,” Tolentino told Ann Adeling Dumaliang, co-founder of the Masungi Georesereve Foundation, on the senator’s radio program.

He also noted that under the zoo’s current 6-hectare site, the animals are kept in small enclosures and are exposed to urban noise, heat, and pollution. “ Maliit lang po ito kaya hirap na hirap yung ating mga  giraffe,” Tolentino said, lamenting that “ iyong ating elepante nga namatay mainit ang semento Hindi po kasi  natural habitat  ng mga hayop na nabanggit ko ang kalungsuran ,  kung saan mainit maingay at mausok ,” explained the senator, who advocated sustainable development and tourism when he was mayor of Tagaytay City and chairman of the Metro Manila Development Authority (MMDA).

Dumaliang welcomed Tolentino’s idea, saying that animal protection and similar activities can be accommodated in a larger master plan for the georesereve. Kapag  geopark  ang isang lugar, hindi naman ibig sabihin nito na lahat ay  strict protection… mayroon din talagang mga aspeto ng  sustainable development,” she said, noting that all the different activities can be synchronized to reveal the character of the location,” she said, adding: “ Maganda pong recommendation ang inyong nabanggit ,  malaki rin po ang pwedeng ambag niyan sa  environment education,” Tolentino then shared a similar case—the transfer of the Manila Boys Town also to the province of Rizal. He pointed out that the institution remained under the management of Manila city government. “So the name ‘Manila Zoo’ can be retained,” he stressed.

BI reports spike in intl travelers

TBy Nonie Reyes

HE Bureau of Immigration (BI) at the Ninoy Aquino International Airport (Naia) has noted a rise in international travel during the months of June and July, the “peak season” for international travelers due to school break.

Immigration Commissioner Norman Tansingco attributed the increase in travelers to the end of classes of students, allowing families to have their vacations abroad.

“Revenge travel is real and is still very much evident. After the pandemic, a lot of people are itching to travel,” said Tansingco. “After the end of classes, a lot of

families saw the opportunity to take their vacations,” he added.

The BI noted an increase in international departures in June compared to the months of April and May.

In April, a total of 946,092 left via the Ninoy Aquino International Airport (Naia) terminals, while in May, there were 979,720 flew to foreign destinations.

Immigration has recorded 1,072,651 for the month of June, and expect the number to rise or remain high in July.

“We only saw an average of around 32,000 passengers a day last April but this June that number rose to around 36,000,” Tansingco added.

He advised international

can affect children’s brain develop

ment, resulting in reduced intelligence quotient [IQ], behavioral changes such as reduced attention span and increased antisocial behavior, and reduced educational attainment.”

Lead exposure also causes anemia, hypertension, renal impairment, immunotoxicity, and toxicity to the reproductive organs.

The neurological and behavioral effects of lead are believed to be irreversible.

“Parents should be mindful of checking the product information, or lack thereof, and the potential presence of toxic chemicals, and not just the price of the school

supplies. The health and safety of the children should be the priority before buying,” the group added.

BAN Toxics calls the attention of the Department of Trade and Industry (DTI), the Food and Drug Administration (FDA), and local government units to conduct on-site inspections and test-buys of the school supplies being offered for sale in public markets, as well as in malls and school supply stores. The group also recommends publishing the list of registered manufacturers and distributors of school supplies and posting it in stores for consumer awareness and informed choice.

AI, digital transformation focus of

DAP

TBy Cai U. Ordinario @caiordinario

HE Development Academy of the Philippines (DAP) intends to incorporate Artificial Intelligence (AI) and innovative thinking into the programs it offers to government employees.

DAP President and Chief Executive Officer Majah-Leah V. Ravago told reporters at the sidelines of the academy’s 51st anniversary that this is part of the new thrust of the institution.

The DAP was attached to the National Economic and Development Authority (Neda) through Executive Order 45 signed by the President in 2023. As such, Ravago said the DAP’s thrust will now be aligned with the Philippine Development Plan (PDP).

“So all our programs, capacity building trainings and education [will highlight that] alignment. Innovation, digital transformation, AI, that is where we’re going. Meaning to say, these will be the focus of the capability building for the government,” Ravago said.

Ravago said this means programs such as the Public Management Development Program (PMDP) will be tweaked to include items such as digital transfers and other innovations in the offering.

The PMDP is a DAP program being offered to middle managers, senior executives, undersecretaries, and assistant secretaries.

Socioeconomic Planning Secretary Arsenio M. Balisacan, who serves as the chairman of the DAP Board of Trustees, said the attachment of DAP to Neda is not a “mere bureaucratic adjustment.”

He said DAP has three roles such as to be a think tank to pioneer ideas and technologies needed to address development challenges on local, national, and international fronts.

The DAP’s role includes a capacity builder not only for the public sector but also the private sector. Companies, Ravago said, have tapped the DAP to conduct trainings to make them ISO compliant.

Balisacan also said the DAP intends to promote partnerships and facilitate the seamless integration of policies and align these with government plans and projects.

travelers to arrive early and check in at least three hours prior to their flights to give ample time for airport procedures.

“We are assuring that all our counters are fully manned, and our officers are working doubly hard to process everyone in a timely manner,” said Tansingco.

He added that he is grateful to the airport management who pledged to expand the immigration area and add more counters for the BI to be able to service more travelers.

Tansingco also shared that 35 new immigration officers recently finished their training under the Philippine immigration academy, and are set to be deployed to the BI’s frontline offices.

For his part, Bangko Sentral Gov. Eli M. Remolona Jr. who served as the keynote speaker at the anniversary, said the central bank has benefitted from the trainings of the DAP. Remolona said what the DAP provides is knowledge, which Nobel Prize economist Paul Romer believes “yields increasing returns.” He said there are a number of challenges faced by Filipinos such as agricultural productivity, competitiveness in manufacturing supply chains, and educational standards and outcomes.

These challenges also include financial inclusion and financial health, the health care system, our connectivity infrastructure, extreme poverty in some areas, and the country’s vulnerability to climate change.

“Nobel Prize economist Paul Romer said, unlike other inputs which are subject to diminishing returns, knowledge yields increasing returns. Knowledge doesn’t need to be hoarded. It can be shared by many at little or no cost,” Remolona said.

“Our old approaches have not seemed to work. Clearly, we need innovation to tackle them. We need the DAP to help tackle them,” he added.

In the 51st anniversary of the DAP, it calls for a rethinking and reshaping of government operations to foster a more effective, efficient, and inclusive system of governance.

This theme champions the evolution of conventional governance models into ones that are highly adaptable, collaborative, and attuned to the evolving needs of citizens.

Over the past five decades, DAP has been a cornerstone in the landscape of Philippine governance, driving innovation, efficiency, and leadership within the public sector.

Through its initiatives, DAP has empowered generations of public servants and private sector professionals, enabling them to navigate the complexities of governance and contribute meaningfully to the nation’s growth.

“Looking ahead, we aspire for the DAP to remain at the forefront of public sector innovation and for the institutions to consistently lead the change or the charge in fostering inclusion, promoting human capital and driving sustainable innovations within our knowledge-driven economy,” Balisacan said.

THE facade of the new Manila Zoo.

Affordable rice to reach the needy–Romualdez

By Jovee Marie N. dela Cruz @joveemarie

THE House of Representatives on Sunday assured that affordable rice will reach those in need as the national government launched the P29 Rice Program, with the goal of reaching rice self-sufficiency by 2028.

Speaker Ferdinand Martin G. Romualdez said that the government would gather vital data during the trial to ensure a smooth nationwide rollout, with the ultimate goal of achieving rice selfsufficiency by 2028.

Metro Manila and Bulacan, offering rice at P29 per kilogram to vulnerable groups, including members of the Pantawid Pamilyang Pilipino Program (4Ps), senior citizens, persons with disabilities (PWDs), and solo parents.

Beneficiaries can purchase the subsidized rice every Friday, Saturday, and Sunday, with a limit of 10 kilos per household each month. Each trial site is expected to support around 60,000 households monthly.

wide. “In the coming months, the government aims to double the number of distribution sites and extend this initiative to the Visayas and Mindanao, ultimately reaching 6.9 million families across the country,” he said.

“Through collaboration with local governments and barangays, the government will ensure fair and efficient distribution,” he added.

For his part, Deputy Speaker David Suarez said this program is essential to helping Filipinos, especially during these challenging times.

According to Suarez, the P29 Rice Program is a game-changer for the agricultural sector.

“This noble initiative not only helps families put food on the table but also supports our local farmers by increasing demand for their produce,” Suarez said.

Romualdez said the end goal of everything that the Marcos administration has been doing on the agriculture front, particularly when it comes to assisting rice farmers, is self-sufficiency when it comes to the staple grain. He said that key agencies, such as the Department of Agriculture (DA) and the National Irrigation Administration (NIA), are now putting in significant efforts to achieve a more efficient and productive agricultural sector.

Makati congressman wants tax-free night pay

ALAWMAKER is pushing for a measure to make night shift differential pay exempt from taxes, allowing employees to fully benefit from the extra compensation earned for work done between 10 p.m. and 6:00 a.m.

Makati City Rep. Luis Campos Jr. has filed House Bill 10534, which excludes the night shift differential pay from the computation of the gross taxable income of employees.

“Our bill seeks to further augment the take home pay of workers and help them cope with the soaring cost of living,” Campos said in a statement on Sunday.

“This will also give more meaning to the mandates of the Constitution for the state to provide full protection to labor, promote the welfare of workers, and assure them a rising standard of living,” Campos said.

Under the Labor Code, employers are legally required to provide extra remuneration to their workers for labor rendered anytime between 10 p.m. to 6:00 a.m.

Called the “night shift differential,” the additional pay is equivalent to 10 percent of the employee’s hourly pay and is given for every hour worked.

At present, the night shift premium pay is still subject to income taxes, especially in the case of employees already receiving more than P250,000 in gross compensation per annum.

Once enacted, Campos’s measure would be a boon to a multitude of Filipinos performing labor during the so-called graveyard or third shift, including the 1.7 million workers employed in the business process outsourcing (BPO) sector.

Campos is the husband of Makati Mayor Abby Binay. Makati is home to the country’s largest BPO firms, whose employees provide round-the-clock business support to global corporations.

Campos’s bill would also benefit workers in other establishments that are running 24 hours a day, from hospitals and convenience stores to fast-food chains and exporters rushing to meet production quotas.

The bill seeks to amend the National Internal Revenue Code by adding night shift differential pay to the list of items excluded from taxable income.

Jovee Marie N. dela Cruz

Launching its large-scale trial last Friday, the P29 Rice Program will operate in 10 locations in

“Offering rice at P29 per kilo to our most vulnerable citizens is a vital step in reducing hunger and improving the quality of life for millions of Filipinos,” said Romualdez.

“Government agencies are uniting to prevent misuse and guarantee that the program effectively reaches its intended recipients,” Romualdez added.

Romualdez emphasized plans to expand the program nation -

On June 24, Romualdez and other House leaders met with the Philippine Rice Industry Stakeholders Movement (PRISM), securing assurances that commercial rice prices would drop to as low as P42 per kilo by July, following President Marcos’s executive order reducing rice import tariffs.

Romualdez said the reduction of the tariff on imported rice from 35 percent to 15 percent, as directed by President Marcos, will greatly benefit our consumers and make quality rice more affordable.

Housing department finds temporary shelter for Pasay squatter families

By Cai U. Ordinario @caiordinario

THE Department of Human Settlements and Urban Development (DHSUD) has signed a Memorandum of Agreement to establish a temporary relocation area for squatter families while the housing project in Pasay City is being constructed.

In a statement, DHSUD signed the MOA with the city government of Pasay and the Manila International Airport Authority (Miaa).

The agreement will contribute to the realization of the Pambansang Pabahay para sa Pilipino (4PH) Program, the DHSUD statement added.

DHSUD said the staging area is a first of its kind under the 4PH as no beneficiaryfamilies will be displaced while the construction of their new homes within their host city under the Pambansang Pabahay program is ongoing.

“Ang proyekto sa ilalim ng MOA na ito

ang magsisilbing showcase area ng ating pagsusulong hindi lamang ng 4PH Program kundi pati na rin ang ating hangarin tungo sa urban renewal o redevelopment. Ang Pasay City ang magiging pilot area ng ating urban renewal program na kasama sa mandatongDHSUD sa urban development,”

Housing Secretary Jose Rizalino Acuzar said.

The deal includes the construction of temporary shelters using prefabricated materials and the development of a livable community for qualified squatter families from a blighted zone in the city.

The in-city staging area is strategically located near the airport and about two kilometers from the squatter colony to be developed and transformed into a township development.

The staging area will be equipped with amenities like open park, playground, basketball court and other facilities.

The signed agreement includes responsibilities of the involved parties on beneficiary selection, land development,

Victoria, Tarlac, gets special eco zone

By Samuel P. Medenilla @sam_medenilla

ANEW special economic zone (SEZ) is set to rise in Tarlac under a new proclamation of President Ferdinand R. Marcos Jr. O n Thursday, the chief executive issued Proclamation No. 623 through Executive Secretary Lucas P. Bersamin creating the 297,719-square meter Victoria Industrial Park. The park will cover several parcels of land located at Barangay Baculong, Victoria, Tarlac. It will cover Lot 6-C Sk-03-006201 TCT No. 043-2020006887; Lot 5-B-4 Sk-03-006202 TCT No. 043-2020007115; Lot 2 Sk-03-006203 TCT No. 043-2020007116; Lot B Sk-03-00604 TCT No. 043-2022011060; Lot 1 Sk-03-006205 TCT No.

SEN. Christopher “Bong” Go coordinated with Mayor Betty Cabal to provide aid and support to displaced workers in Hindang, Leyte, on Friday, July 5. The mayor also joined in the efforts, showing her support for the local community and the initiatives being undertaken.

Go’s outreach team handed out shirts, basketballs, volleyballs, and food packs to 203 displaced workers at the Hindang Municipal Gym.

“Sa panahon ngayon, patuloy lang po ang ating pagbabayanihan, mga kababayan ko. Kami po sa gobyerno ay patuloy na gagawa ng mga paraan upang maibalik ang

043-2020007719; Lot 6-D-2 Sk-03-006206 TCT No. 043-2022006659; Lot 6303 Sk-03-006207 TCT No. 043-2020007717; Lot 5 Sk-03-006208 TCT No. 043-2020007722; Lot 3-A Sk-03-006209 TCT No. 043-2022010440; Lot 3-A Sk-03-006209 TCT No. 043-2022010440; and Lot 8 Sk-03-006210 TCT No. 043-2020008622. Also included in the new park are Lot 4-C Sk-03-006211 TCT No. 043-2021006959; Lot 2-C-7-A Sk-03-006212 TCT No. 043-2022003946; Lot 1-A Sk-03-006213 TCT No. 043-2022000416; Lot A Sk-03-006214 TCT No. 043-2020007720; Lot 197-B-2-S-7-C-7-B Sk-03-006215 TCT No. 043-2022000270; Lot 3-1-1 Sk-03-006216 TCT No. 043-2022003940; Lot 2-A Sk-03-006217 TCT No. 043-2022008982; Lot 10 Sk-03-006218 TCT No. 043-2020008624; Lot 4-B-1 Sk-03-006219

sigla ng ekonomiya,” said Go in a video message.

With the support of the Senator, the Department of Labor and Employment (DOLE) offered a temporary employment to the workers through its Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers (TUPAD) program.

“Nandirito po tayo para sa programang TUPAD na ating isinulong noon na mabigyan po kayo ng pansamantalang trabaho. Para at least makapag -adjust po muna tayo. Bigyan po natin ng pagpupugay ang ating mga empleyado ng DOLE sa programang TUPAD. Palakpakan po natin silang muli. Salamat po sa

housing construction, social preparation, among others.

Based on the proposed housing project, the Pasay City 4PH project will include condominium-type housing units with commercial spaces.

The DHSUD and the Clark Development Corporation (CDC) on Thursday formalized their partnership for housing project under 4PH.

Under the agreement with the CDC, the government will build about 50,000 houses in Clark.

Acuzar said the project is touted to maximize the potential of Clark as one of the country’s fast-booming economic hubs. He stressed the advantages of Clark as host area for DHSUD’s township developments across the country.

By creating economic opportunities in Clark, it can attract more businesses, workers and residents from the nearby areas, including Metro Manila, thereby addressing urbanization, the statement also said.

TCT No. 043-2022006654; Lot 7 Sk-03-006220 TCT No. 043-2020007721; Lot 197-B-2-S-7-C-6 Sk-03-006221 TCT No. 043-2021006563; Lot 197-B-2-S-7-C-8-D-4 Sk-03-006268 TCT No. 043-2023008005.

An SEZ is an area with highly developed centers, or which has the potential to be developed into agro-industrial, industrial, tourist/recreational, commercial, banking, investment and financial centers.

It is created by the President through the recommendation of the Philippine Economic Zone Authority (Peza).

As of April 2023, Peza said there are a total of 419 economic zones.

Of the figure, 78 are manufacturing economic zones; 297 are information technology parks/ centers; 17 are tourism export enterprises; 24 are agro-industrial economic zones; and three are medical tourism parks/centers.

inyong lahat,” Go expressed during a video message. Dubbed as “Mr. Malasakit” for his consistent, compassionate service to people experiencing poverty, Go also filed Senate Bill No. 420, which aims to institutionalize a Rural Employment Assistance Program (REAP). If enacted, the primary objective of REAP is to provide temporary employment avenues for individuals facing economic hardship, poverty, displacement, or reliance on seasonal employment.

To further ease the financial burden on Filipino families, Go also co-authored and co-sponsored

Also, Assistant Majority Leader Zia Alonto Adiong welcomed the P29 Rice Program as “a proactive step toward ensuring food security for our most vulnerable citizens.”

“With rising global food prices, many families are struggling to make ends meet. The P29 Rice Program provides a much-needed relief by making a staple food more affordable. It is an essential measure to help ensure that no Filipino goes hungry, particularly those who are most in need,” Adiong said.

Assistant Majority Leader Francisco Paolo Ortega V noted the program’s broader impact on the economy and society.

“The P29 Rice Program reflects the administration’s commitment to tackling inflation and providing immediate relief to those in need,” he said.

Assistant Majority Leader  Jay Khonghun said the P29 Rice Program not only helps families but also supports local farmers, ensuring they have a stable market for their produce.

According to Rep. Rodge Gutierrez, the nominee to the House of the 1-Rider party-list group, the program addresses immediate food needs and plays a crucial role in stabilizing the economy.

Deputy Majority Leader Faustino Dy V said the P29 Rice Program is a key strategy for reducing the volatility of rice prices and providing a reliable supply to the citizenry.

PPA reports more cargo, but lower container volumes

By Lorenz S. Marasigan @lorenzmarasigan

CARGO and container volumes posted mixed results in the first quarter of the year, latest data from the Philippine Ports Authority (PPA) indicate.

Preliminary data from the agency showed that total cargo throughput increased by 2.5 percent to 59.31 million metric tons (MMT) in the first quarter of 2024 from 57.86 MMT in the same period last year.

Domestic cargo stood at 25.55 MMT, a 4.8 percent increase from 24.37 MMT last year, while foreign cargo throughput was flattish at 33.76 million.

“The increase in domestic cargo throughput is driven by robust local economic activities and interisland trade. The modest increase in foreign cargo is likely influenced by varying global trade dynamics and market conditions,” PPA General Manager Jay Santiago told the BusinessMirror

Contrary to the growth in cargo throughput, container traffic experienced a downturn. The total container traffic for the first quarter of 2024 stood at 1.79 million twenty-foot equivalent units (TEUs), a 2.17 percent decline from the 1.83 million TEUs recorded in the first quarter of 2023.

Both domestic and foreign container traffic saw reductions, with domestic TEUs decreasing to 628,829 from 637,985, and foreign TEUs falling to 1.16 million from 1.19 million.

These mixed results were also recorded despite maritime transport being “costlier” in the Philippines versus Southeast Asia, according to a study conducted by Bluefocus Infrastructure Advisors.

The study titled “Analysis of Logistics Costs for Imported and Domestic Containers in the Philippines,” noted that maritime transport costs and customs duties are significantly increasing logistics expenses for imported and domestic containers in the Philippines. The study highlighted that fees associated with customs clearance processes account for 35 percent to 60 percent of the total logistics cost. Maritime transportation, which includes shipping line freight rates and surcharges, contributes an additional 20 percent to 40 percent.

Inland logistics, encompassing trucking and warehousing charges, represent 10 percent to 25 percent of the total logistics costs. Port and terminal charges at the destination, primarily due to terminal handling rates, contribute only 5 percent to 10 percent.

With this the study found that the average logistics cost for an imported container in the Philippines is $5,300 or about P311,372, accounting for just over 10 percent of the stock value. Being an archipelago, the Philippines relies heavily on maritime transport for the movement of goods and services.

“Port operations and efficiency improvements have facilitated the handling of more cargo, though the effects on container traffic differ. Decreases in both domestic and foreign container traffic may be due to supply chain challenges, such as congestion, delays, or shifts in shipping routes,” Santiago explained.

SBN 2534, which aims to raise the daily minimum wage by P100 nationwide. As Chair of the Senate Committee on Health and Demography, Go offered additional help to those who need medical assistance as he encouraged them to visit any of the Malasakit Centers in the province. The Malasakit Center is a onestop shop that provides convenient access to the medical assistance programs of the Department of Social Welfare and Development, the Department of Health, the Philippine Health Insurance Corporation, and the Philippine Charity Sweepstakes Office.  Currently, there are 165 Malasakit Centers nationwide that have assisted more or less 10 million Filipinos according to DOH’s reports. Malasakit Centers in Leyte are located at the New Western Leyte Provincial Hospital in Baybay City; Eastern Visayas Regional Medical Center in Tacloban City; Ormoc District Hospital in Ormoc City; and Leyte Provincial Hospital and Governor Benjamin T. Romualdez General Hospital, both in Palo. “Patuloy kaming magseserbisyo sa inyo dahil

for his compassionate service to Filipinos in need.

July 8, 2024

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

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

1 AIRVENT MECHANICAL SYSTEM INC.

Block 2D, Lot 5-9, Grand Centennial Homes, Magdalo, Kawit, Cavite

Mandarin Speaking Customer Service Representative

Brief Job

2 AIRVENT MECHANICAL SYSTEM INC.

Block 2D, Lot 5-9, Grand Centennial Homes, Magdalo, Kawit, Cavite LI, MAO

Mandarin Speaking Customer Service Representative

Brief Job Description:

Attract potential customers by answering product and service questions AND suggest information about other products and services

WU, DELIN

3 AIRVENT MECHANICAL SYSTEM INC.

Block 2D, Lot 5-9, Grand Centennial Homes, Magdalo, Kawit, Cavite

4 ASABA MANUFACTURING PHILS., INC.

#4 Mt. Drive, Light Industry & Science Park II, La Mesa, City of Calamba, Laguna

5 ASABA MANUFACTURING

PHILS., INC.

#4 Mt. Drive, Light Industry & Science Park II, La Mesa, City of Calamba, Laguna

6 IGO DIGITAL HIGH TECHNOLOGY INC.

Mandarin Speaking Customer Service Representative

Brief Job Description: Attract potential customers by answering product and service questions AND suggest information about other products and services

YANG, HAIBING

Business Development Engineer

Brief Job Description:

Identify and actively pursue new business opportunities to expand our customer care, conduct market research to identify potential customer and industries that can benefit our precision engineering products and services

NISHIYAMA, MASAHIRO Technical Consultant

Brief Job Description:

Manage and advice technology tools, design and implement technical solutions, provide assistance with technical issues and ensuring effective utilization of technology

Km 30, National Highway, San Miguel Compound, Poblacion, City of San Pedro, Laguna INDRA KURNIAWAN Tech Support Engineer

7 MDGI PHILIPPINES INC.

Unit A, Block 10, Lot 1, Golden Mile Business Park, Maduya, Carmona, Cavite

8 P. IMES CORP.

Block 16, Phase 4, Cavite Economic Zone, Tejeros Convention, Rosario, Cavite

9 PROCTER & GAMBLE PHILS., INC.

10 Main Avenue, Light Industry and Science Park 1, Diezmo, City of Cabuyao, Laguna

Brief Job Description:

Diagnose and troubleshoot network issues

NEVEU, WILLIAM Technical Drilling Supervisor

Brief Job Description:

Oversee all aspects of drilling operations conducted

TANAKA, TATSUYA Technical Officer

Brief Job Description:

Responsible to lead technical activities for improving productivity and yield of suspension assembly

HASSAN, MUHAMMAD FARJAD

Personal Care and Cleansing Site Delivery Organization Department Leader and Integrated Work Systems Leader

Brief Job Description:

Handle overall responsibility for all material and process development

Basic Qualification: At least 6 months experience, with good oral and written communication skills knowledge in computer applications

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

Basic Qualification:

At least 6 months experience, with good oral and written communication skills knowledge in computer applications

Salary Range:

Php 30,000 - Php 59,999

Basic Qualification: Must have at least bachelor’s degree and N1 passer in Japanese language proficiency test

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

Basic Qualification:

At least bachelor’s degree, has advantage knowledge of hardware and software solutions and network maintenance N1 Passer in English proficiency test language, exceptional interpersonal and communication skills, has advance knowledge of data protection and software encryption

Salary Range:

Php 60,000 - Php 89,999

Basic Qualification: Must be fluent in both English and Mandarin

Salary Range:

Php 30,000 - Php 59,999

Basic Qualification:

Fluency in English (both spoken and written) is a requirement

Salary Range:

Php 500,000 and above

Basic Qualification: College graduate and knowledgeable in technical activities

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

Basic Qualification:

Engineering Manager

Lot 15, Road 3, Carmelray Industrial Park, Canlubang, City of Calamba, Laguna

Lot 15, Road 3, Carmelray Industrial Park, Canlubang, City of Calamba, Laguna

14 SERCOMM PHILIPPINES INC.

Lot 15, Road 3, Carmelray Industrial Park, Canlubang, City of Calamba, Laguna

JIA, ZILIANG SMT Supervisor Brief

Lot 15, Road 3, Carmelray Industrial Park, Canlubang, City of Calamba, Laguna GE, PENG Warehouse Supervisor Brief Job Description:

Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

17 SQUARED ROUTE TECHNOLOGIES CORPORATION

Covelandia Road, Binakayan, Pulvorista, Kawit, Cavite

VI NGOC LAN

Vietnamese Customer Service Representative

Brief Job Description: Manage incoming calls and customer service inquiries

Any person in the Philippines who is competent, able and willing to perform the services for which the foreign national is desired may file an objection at DOLE Regional Office IV-A located at 3rd and 4th Floors, Andenson Building II, Parian, Calamba City, Laguna, within 30 days after this publication.

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

By authority of the Regional Director: ATTY.

MARION

S. SEVILLA, LL.M. Assistant Regional Director

A6 Monday, July 8, 2024 | www.businessmirror.com.ph

THE MAGIC OF ROTARY: DISTRICT 3810’S AND INDUCTION

By Rtn. Reginald T. Yu, Rotary Club of Manila

IN the grandeur of Solaire Manila’s opulent Grand Ballroom, on the evening of July 4, 2024, Rotary District 3810 convened for an unforgettable event—the Handover and Induction Ceremonies.

From late afternoon until the early hours of the morning, this gala affair was not just a ceremony but a spectacular celebration of Rotary’s ethos, drawing together 1,182 esteemed participants from across the district and beyond.

A s the golden hues of sunset bathed the Manila skyline, the ceremony began with a resonant call to order by Chief Sergeant-atArms Edgar Eusebio. His authoritative ring of the bell and striking of the gavel set the tone for an evening steeped in tradition and honor. The proceedings unfolded with a series of majestic presentations.

First, the stage came alive with the introduction of the “Magical Irresistible” Presidents and the “Hope Creating” Presidents, representing clubs ranging from provisional groups to stalwarts like Manila and Cavite. This vibrant display underscored the breadth and diversity of Rotary's community impact across District 3810. Amidst an atmosphere charged with reverence, district officers and the executive committee were formally introduced, each embodying Rotary's commitment to service and leadership. The ballroom shimmered as visiting governors and dignitaries were acknowledged, their presence a testament to the global reach and solidarity of Rotary International.

The highlight of the evening arrived with the esteemed presence of former President Gloria Macapagal-Arroyo, accompanied by First Gentleman Mike Arroyo, who graced the occasion as the honored guest speaker. Their arrival added a distinguished aura to the ceremony, symbolizing the intersection of public service and Rotary’s noble mission.

D istrict Governor Lilian dela Cruz, in her poignant valedictory address, reflected on her tenure as the “Hope Creating” Governor for the Rotary Year 2023-2024. Her words resonated deeply, celebrating the achievements and collective efforts that had defined her leadership, inspiring a sense of continuity and purpose among the gathered Rotarians.

A s the evening progressed amidst a sumptuous dinner and

captivating entertainment, anticipation mounted for the ceremonial oath-taking led by incoming District Governor Joaquin “Jackie” Rodriguez. Known as the “Magical Irresistible” Governor for the Rotary Year 2024-2025, his ascension marked a new chapter of promise and vision for District 3810.

A poignant musical interlude by the Rotary Club of Manila World-Famous Music Chorale filled the air with harmony and spirit, underscoring the unity and fellowship that define Rotary’s global network. The transition from outgoing Governor Lilian dela Cruz to Joaquin Rodriguez was marked by a symbolic handover, symbolizing the seamless continuity of Rotary’s leadership and mission.

The highlight of the evening was the keynote address by former President Macapagal-Arroyo, whose profound insights and wisdom resonated deeply with the audience. Her words underscored the enduring values of Rotary— service above self, integrity, and commitment to humanitarian causes—that continue to guide Rotarians worldwide.

The induction of new members, the recognition of Rotary Foundation donors, and the formalities of oath-taking underscored the commitment to Rotary ideals, ensuring that District 3810 remains at the forefront of community service and global impact.

With a final adjournment by District Governor Joaquin Rodriguez, the evening culminated in a jubilant grand raffle and fellowship, where Rotarians exchanged stories, forged new friendships, and celebrated the spirit of Rotary.

D istrict 3810’s Handover and Induction Ceremonies were not merely a gathering; they were a testament to Rotary's enduring legacy—a legacy of compassion, leadership, and unwavering dedication to making a difference in the world. In the resplendent setting of Solaire Manila’s Grand Ballroom, District 3810 embarked on a new chapter, united in their commitment to Rotary’s noble cause, illuminated by the collective spirit of Rotarians dedicated to serving humanity.

DG Jackie Rodriguez dances with First Lady Sonja as they are serenaded by RCM’s World-Famous Music Chorale with ‘Fly Me To the Moon’

DG Jackie Rodriguez with First Lady Sonja together with their family and PGMA

Outgoing DG Lilia dela Cruz formally hands over the Rotary Bell to DG Jackie Rodriguez in a symbolic transfer of leadership

DG Jackie Rodriguez together with the members of his Executive Committee with PGMA and former FG Mike Arroyo DG Jackie Rodriguez waves at the crowd after a riveting inaugural address

Past DG Liza Elorde is acknowledged by DG Jackie Rodriguez for her great work as Chairperson of the Handover Committee

DG Jackie Rodriguez’s colleagues from the Rotary Club of Manila give a ‘thumbs-up’ in support of his leadership

A special entertainment number highlights ‘The Magic of Rotary’

Past

International Director Raffy Garcia

Sonja

District 3810 officers pose with PGMA and the Rotary Club of Manila

Raffy Alunan of Rotary Club of Manila formally introduces District Governor Jackie Rodriguez

Solaire Casino’s Grand Ballroom is jam-packed with more than a thousand guests

DG Jackie Rodriguez admonishes his constituent ‘Magical Irresistible’ club presidents to be selfless servants for their communities.

Newly-installed District Governor Jackie Rodriguez radiates with confidence during his induction ceremony.

A8

Monday, July 8, 2024

FDA OK of anti-ASF vaccine expected in two weeks

TBy Ada Pelonia @adapelonia

HE Department of Agri -

culture (DA) said the commercial trial for the African swine fever (ASF) vaccine would be approved by the Food and Drug Administration (FDA) two weeks from now.

“ Malapit nang lumabas ang approval sa vaccine for the swine,” Agriculture Secretary Francisco Tiu Laurel Jr. said at the sidelines

Kenya’s farmers grapple with devastating floods, food insecurity as climate change wreaks havoc

MACHAKOS, Kenya—With dismay, Martha Waema and her husband surveyed their farm that was submerged by weeks of relentless rainfall across Kenya. Water levels would rise to shoulder height after only a night of heavy downpour.

The couple had expected a return of 200,000 shillings ($1,500) from their three acres after investing 80,000 shillings ($613) in maize, peas, cabbages, tomatoes and kale. But their hopes have been uprooted and destroyed.

“I have been farming for 38 years, but I have never encountered losses of this magnitude,” said the 62-year-old mother of 10. Their financial security and optimism have been shaken by what Kenya’s government has called “a clear manifestation of the erratic weather patterns caused by climate change.”

The rains that started in mid-March have posed immediate dangers and left others to come. They have killed nearly 300 people, left dams at historically high levels and led the government to order residents to evacuate flood-prone areas—and bulldoze the homes of those who don’t.

Now a food security crisis lies ahead, along with even higher prices in a country whose president had sought to make agriculture an even greater engine of the economy.

Kenya’s government says the flooding has destroyed crops on more than 168,000 acres (67,987 hectares) of land, or less than 1 percent of Kenya’s agricultural land.

As farmers count their losses—a total yet unknown—the deluge has exposed what opposition politicians call Kenya’s ill preparedness for climate change and related disasters and the need for sustainable land management and better weather forecasting.

Waema now digs trenches in an effort to protect what’s left of the farm on a plain in the farthest outskirts of the capital, Nairobi, in Machakos County.

Not everyone is grieving, including farmers who prepared for climate shocks.

About 200 kilometers (125 miles) west of Waema’s farm, 65-year-old farmer James Tobiko Tipis and his 16-acre farm have escaped the flooding in Olokirikirai. He said he had been proactive in the area that’s prone to landslides by terracing crops.

“We used to lose topsoil and whatever we were planting,” he said.

Experts said more Kenyan farmers must protect their farms against soil erosion that likely will be worsened by further climate shocks.

Jane Kirui, an agricultural officer in Narok County, emphasized the importance of terracing and other measures such as cover crops that will allow water to be absorbed.

of Presidential Assistance for Farmers, Fisherfolk and Families (PAFFF) event in Calabayog City, Eastern Samar last week.

“FDA and the DA are working very closely on this. Ang ganda ng teamwork namin ,” Laurel added.

He said the approval would be followed by commercial distribution of the vaccines, noting that the vaccine from Vietnam is effective.

The availability of the vaccines will stop the spread of ASF in the

country, the DA said.

Laurel also said the department plans to concentrate on checking imported goods entering the country.

Meanwhile, the Food and Agricultural Organization (FAO) of the United Nations highlighted the need for an integrated and holistic approach to addressing ASF through innovative strategies like risk communication and community engagement (RCCE).

In an opinion piece, FAO

Representative in the Philippines Lionel Dabbadie and Agriculture Assistant Secretary Constante Palabrica said “the emphasis on RCCE underscores how human behavior is key to controlling ASF spread.”

They added that disease transmission among domestic and wild pigs is significantly influenced by human activities such as farm visits, animal movements, and trade, which effective RCCE strategies can help bridge.

“We must invest and strengthen evidence-based ASF management and RCCE policies. This involves developing robust communication frameworks that are informed by best practices and tailored to meet specific local needs,” they said in a piece sent to the media.

They also said that fostering global and regional cooperation is crucial for improving disease surveillance and management strategies.

“Empowering communities

must be at the core of these efforts. By providing them with the necessary resources, knowledge, and support, we enable them to implement effective biosecurity measures, that lead to sustainable control and prevention of ASF.” ASF is a contagious swine disease with a 100 percent fatality rate which affects domestic pigs and wild boar. It has been reported in several parts of the world. The Philippines first confirmed the ASF outbreak in 2019.

FMJr says govt committed to provide land, support services to farmers

By Jonathan L. Mayuga @jonlmayuga

THE government’s commitment to support farmers goes beyond land distribution, President Marcos said, saying agrarian reform beneficiaries will also be provided with various support services through the Department of Agrarian Reform (DAR).

SAFETY FIRST Fishermen inspect their boat to make sure it is seaworthy before leaving the Las Piñas City Fish Port on Sunday. Tilapia, talakitok (maliputo), sapsap (slipmouth) and Lapu-Lapu (grouper) are among the species fished out in the coastal waters off Cavite province and the cities of Las Piñas and Parañaque. PNA

DTI tells exporters: Comply with SoKor food safety rules

By Andrea San Juan @andreasanjuan

THE Department of Trade and IndustryExport Marketing Bureau (DTI-EMB) is strongly advising Philippine exporters to comply with South Korea’s food safety regulations to ensure continued acceptance of their products in the said country.

In an advisory posted on the DTI-EMB’s website, the export marketing arm of DTI said the Ministry of Food and Drug Safety (MFDS) of South Korea issued Notice 2024-26, amending the Regulations on Declaration and Inspection of Imported Food which took effect on 14 June 2024.

According to DTI-EMB, the amendment aims to streamline the import application process while strengthening oversight and risk management measures. Further, it expands the scope to include raw materials (excluding aquatic products) declared by registered food production, processing enterprises, and food additive manufacturers.

Among the key highlights of the updated regulation is the “intensified” inspections on Chinese

imports.

Under this update in the measure, DTI-EMB said, “The regulation introduces more ‘rigorous’ inspections, including precise checks and random sampling, for specific food items imported from China, such as soybeans, millet, red beans, persimmons, burdock, and pumpkins.”

The regulation of South Korea on its food imports also noted that it has increased the number of pesticide residue testing items for the initial precise inspection from 113 to 128.

“This will help to comprehensively detect and monitor the pesticide residues in imported foods, ensuring food safety,” the regulation noted.

Another highlight in the updated regulation of South Korea’s ministry of food and drug safety is the alignment with expiration date labeling.

“The wording in the standards has been revised to align with the implementation of the expiration date labeling system,” the regulation noted.

South Korea also expanded the scope of “planned import applications.” The regulation expands the application eligibility for planned

imports of raw materials used in the production of a company’s own products.

This includes registered food manufacturers,food additive producers, and professional distributors. This requires applicants to submit test reports from MFDS-recognized foreign laboratories.

“The Export Marketing Bureau strongly advises Philippine exporters to comply with food safety regulations to ensure the continued acceptance of their products in South Korea and other export markets,” the DTI’s export marketing arm noted.

Based on international trade data from the Philippine Statistics Authority (PSA), Philippine exports to South Korea have reached $3.53 billion in 2023, which makes South Korea the Philippines’ 5th top exporting country in the said year.

The Philippines’ top export products to South Korea are electronics, fresh bananas, ignition wiring sets, electronic equipment and parts, cathodes and sections of cathodes of refined copper, pineapple and pineapple products, and copper concentrates, among others.

Marcos made the assurance as he led the turnover of support services worth P2.6 million to seven agrarian reform cooperatives through the DAR on July 5 at the Mindanao Civic Center in Tubod, Lanao del Norte.

The initiative is part of the Climate-resilient Farm Productivity and Support Program (CRFPSP), which aims to enhance and sustain the agricultural productivity of agrarian reform communities as a measure of climate change resiliency.

The program is designed to build resiliency and enhance agricultural productivity, mechanize farm production systems, and serve as revenue-generating assets for the cooperatives.

“The job of the Department of Agrarian Reform is not just to give land. After giving you land titles to your land, you will continuously receive support that you need in farming,” Marcos told the farmerbeneficiaries in his brief speech.

The agrarian cooperatives and the support they received:

n Maliwanag-Maigo Agrarian Reform Community Marketing Cooperative: one mobile corn sheller,

n El Salvador Farmers MultiPurpose Cooperative: one mobile rice mill

n Bualan ARB Marketing Cooperative: Banana slicing chopping machine

n Buriasan Gmal Pili Dansalan Marketing Cooperative: one mini hauling truck

n Darulamal Organic ARC Farmers Agriculture Cooperative: one rice mill

n Tagoloan ARB Organization: one mini-hauling vehicle

n Ramain II Farmers Agriculture Cooperative: one farm tractor

Nelyn Yane, chairman of the Bualan ARB Marketing Cooperative, expressed her gratitude to the President and Agrarian Reform Secretary Conrado Estrella III for providing them with a banana-slicing machine. She noted that it would be used to produce banana chips, a snack food processed by the women members of the cooperative.

“With this machine, we will now earn more because we can now produce more and meet the market demand,” Yane said.

Estrella, who accompanied Marcos during the turn-over ceremony highlighted the agency’s continuous support for agrarian reform beneficiaries (ARBs).

“DAR’s work does not end with distributing agricultural lands to the ARBs. We continue to provide support services to develop their lands and their livelihood further,” Estrella said.

Marcos’s visit also coincided with the distribution of land titles to 2,857 agrarian reform beneficiaries. This event underscores the administration’s dedication to ensuring that farmers have the necessary support and resources for sustained agricultural development and economic growth.

With the global projection of food shortages in the coming years, the national agency has geared up to provide the necessary assistance to farmer-beneficiaries to help them increase their production and counteract the looming crisis.

Indonesia’s idle lands offer opportunity to expand agricultural commodities

J

AKARTA, Indonesia—Years after being felled, vast swathes of Indonesia’s old-growth forests are left sitting idle. And when the land is finally put to use, it’s most often for new palm oil plantations, according to a study published in the Proceedings of the National Academy of Sciences.

But some experts—including the study’s authors—are hoping for a silver lining: The opportunity for Indonesia to expand its agricultural, palm, pulp and other commodities without having to cut down more trees, thus meeting increasing demand from companies and governments for products that didn’t depend on deforestation.

“There’s maybe some hope

that if the country can focus on these idle, non-forest lands...it could potentially drop deforestation to zero, and still have a lot of opportunities for economic development,” said Diana Parker, a postdoctoral associate in the University of Maryland’s Department of Geographical Sciences and the lead author of the study. A vast tropical archipelago stretching across the equator, Indonesia is home to the world’s third-largest rainforest, with a variety of endangered wildlife and plants, including orangutans, elephants and giant forest flowers. Some live nowhere else. Indonesia is the world’s largest producer of palm oil, a vegetable

oil that is used for cooking and as an ingredient in many foods and in hundreds of everyday products. Indonesia also has the world’s largest reserves of nickel—a critical material for electric vehicles, solar panels and other goods needed for the green energy transition.

Since 1950, more than 74 million hectares (285,715 square miles) of Indonesian rainforest— an area twice the size of Germany—have been logged, burned or degraded for development of palm oil, paper and rubber plantations, nickel mining and other commodities, according to Global Forest Watch.

In addition, some 25 percent of its old-growth forests—which

are typically high in stored carbon and rich in biodiversity—have been felled since 1990, according to the study, which focused on Indonesian deforestation from 1991 to 2020.

Despite an uptick in 2023, deforestation has slowed overall in recent years compared to peak rates of the past few decades, said Parker. While 8.8 million hectares (33,977 square miles) of Indonesia’s deforested lands remain vacant, 7.8 million hectares (30,116 square miles) has been converted into palm oil plantations since 2020, according to the report.

“About 80 percent of mechanically cleared idle land that was converted to a productive use became a

palm oil plantation,” Parker wrote in a press release. “This means that the true environmental impact of palm oil is likely much larger than the area planted immediately after forest loss, and is potentially larger than the total deforested area currently planted with oil palms.”

The Indonesian Ministry of Environment and Forestry did not comment when asked by AP.

Experts lamented the clearing that has led to idle land, but some wondered if it might wind up being a boon for Indonesia as it contends with governments and companies seeking to eliminate deforestation from commodity supply chains. For example, under the European

Union Deforestation Policy—set to be implemented later this year and strongly contested by Indonesia's government—certain commodities, including palm oil, cannot be imported into the EU if they were produced on land deforested after 2020.

“The fact that Indonesia has so much land that is idle today means that it could—if managed properly—increase agricultural outputs, for various commodities without clearing more forest,” said David Gaveau, an environmental scientist and founder of The TreeMap, which tracks environmental degradation. “Let’s put it to use, for more agriculture rather than converting new forests.”

PRESIDENT Ferdinand Marcos Jr.

Editor: Angel R. Calso

Israeli strikes kill 6 in Gaza, including kids and UN worker, as cease-fire talks show signs of progress

By Wafaa Shurafa The Associated Press

DEIR AL-BALAH, Gaza Strip—Separate Israeli airstrikes killed at least six people Friday in central Gaza, including two children at a home and at least one United Nations worker, Palestinian hospital officials and first responders said, even as stalled cease-fire talks between Israel and Hamas show signs of renewed momentum.

Four out of every five people in Gaza—nearly 2 million Palestinians—have been driven into the territory’s center by expanding Israeli military offensives and evacuation orders, the army estimated earlier this week. Civilians are taking shelter in makeshift tent camps and crowded urban areas, and many have been displaced multiple times.

Violence also flared Friday in the occupied West Bank, where Israeli forces killed seven people in a raid and an airstrike, according to Palestinian health officials. And on the Israel-Lebanon border, rockets fired by militant group Hezbollah lightly wounded two Israeli soldiers, the army said, as concerns grow that these low-level clashes could escalate into a wider regional war.

deadly Gaza airstrike

An Israeli strike near the Maghazi refugee camp killed three adults and injured several others on Salah al-Din

road, a major thoroughfare in Gaza, according to witnesses and officials at Al Aqsa Martyrs Hospital in the city of Deir al-Balah. At least one of the dead was wearing a U n vest when brought to the hospital.

An adult and two kids were also killed by a strike in the n u seirat refugee camp, officials at the hospital said. That strike hit a home, according to the Palestinian Civil Defense rescue service.

Ambulances blared their horns as they rolled up to the medical center’s doors Friday evening, unloading the three bodies wrapped in thick household blankets. Laid out in the morgue, an Associated Press journalist observed the man’s bloodstained blueand-white vest of the U n agency for Palestinian refugees, U n RWA. At least one wounded man was also wearing a U n RWA vest. “Stand back a little, guys!” a man in a green medical uniform told a small crowd that gathered beside the ambulance.

“Thank God you’re safe,” another man said as the wounded worker was brought inside.

The Israeli military did not immediately comment on the strikes. Israel blames civilian deaths on Hamas, saying militants operate among the population. Hamas denies the claim and accuses Israel of recklessly bombing civilians.

Around 250,000 people were affected earlier in the week by an Israeli order to evacuate half of the southern city of Khan Younis and a wide swath of the surrounding area. Most Palestinians seeking safety are either heading to an Israeli-declared “safe zone” centered on a coastal area called Muwasi, or the nearby city of Deir al-Balah, said the head of the U n humanitarian office for the Palestinian territories, Andrea De Domenico, on Wednesday.

Russian strikes leave 100,000 households in north Ukraine without power and water

KYIV, Ukraine—Russian strikes overnight left over 100,000 households without power in northern Ukraine and cut off the water supply to a regional capital, Ukrainian authorities reported Saturday, while civilian casualties rose sharply in the country’s e mbattled east.

The northern Sumy region, which borders Russia, was plunged into darkness after Russian strikes late Friday damaged energy infrastructure, the Ukrainian Energy Ministry s aid. Hours later, the Ukrainian public broadcaster reported that Russian d rones hit the provincial capital, also called Sumy, cutting off water by hitting power lines that feed its system o f pumps.

Russian state agency RIA cited a local pro-Kremlin “underground” leader as saying that Moscow’s forces overnight hit a plant producing rocket ammunition in the city, which had a pre-war population of over 256,000. The report didn’t specify what weapon was used, and the claim could not be independently verified. Explosions rocked the city during an air raid warning early Saturday, according to Ukrainian media reports. Russia is continually targeting Ukraine’s badly damaged energy infrastructure, resulting in hours of ro lling blackouts across the country.

Ukrainian officials have warned that the situation may worsen as winter approaches.

In the Donetsk region in the east, Russian shelling on Friday and overnight killed 11 civilians and wounded 4 3, local Gov. Vadym Filashkin reported on Saturday. Five people died i n the town of Selydove southeast of Pokrovsk, the eastern city that has emerged as a front-line hotspot.

The Ukrainian General Staff on Saturday morning said that Ukrainian and Russian forces clashed 45 t imes near Pokrovsk over the previous

day. Hours later, the Russian Ministry of Defense announced its troops had captured a village some 30 kilometers (19 miles) east of the city. According to Filashkin, three more civilians died in Chasiv Yar, the strategically located town in Donetsk that h as been reduced to rubble under a month-long Russian assault.

Russian forces have for months tried to grind out gains in Ukraine’s industrial east, in an apparent attempt to lock its defenders into a war of attrition, after Kyiv’s forces thwarted a c ross-border push further north that briefly threatened Ukraine’s secondlargest city of Kharkiv.

A Ukrainian military spokesperson on Thursday told the AP that U krainian forces had retreated from a neighborhood on the outskirts of Chasiv Yar. The town’s elevated location gives it strategic importance, and m ilitary analysts say its fall would put nearby cities in jeopardy. It could also compromise critical Ukrainian supply routes and bring Russia closer to its stated aim of seizing the entire Donetsk region.

A ccording to the Ukrainian General Staff, Russian forces on Friday and o vernight launched six rocket strikes and 55 airstrikes across Ukraine, and used more than 70 “glide bombs”— retrofitted Soviet-era weapons that have wrought devastation in the country in recent weeks.

In Kyiv, Ukrainian service members gathered Saturday to pay last r espects to a British combat medic who set up a charity delivering essential supplies to front-line fighters. Peter Fouché died at the front line last Thursday as his unit clashed with Russian troops, according to a statement by Project Konstantin, a volunteer group that since 2022 has ferried drones, vehicles, uniforms and food to Ukrainian soldiers in the east. According to its website, it has also helped evacuate 219 Ukrainian

soldiers from combat zones.

At the farewell ceremony, Ukrainian soldiers carried Fouché’s coffin t hrough Kyiv’s landmark Independence Square, the site of mass protests i n 2014 that forced out a pro-Russian president, towards a memorial for the country’s fallen defenders. Fouché’s comrades held back tears as they lined up to say goodbye. Mourners read prayers as they held up Ukrainian flags and military banners.

Fouché’s partner, wearing a traditional Ukrainian embroidered shirt, k nelt to embrace the coffin. Halyna Zhuk, who co-founded Project Konstantin and has a daughter with the m edic, called him a “true hero.”

“Every time he went into battle, I would see him off with the words, ‘Thank you, my protector.’ And today, I can only repeat it: thank you, my protector,” she said.

Fouché, a native of west London who turned 49 this year, helped build a field hospital in Kyiv before he started Project Konstantin, according to the group’s website, and later e nlisted in the Ukrainian army. At least five other Britons have been killed while volunteering in Ukraine since Russia’s full-scale invasion in February 2022.

In Russia, two civilians were wounded after Ukrainian forces overnight shelled a border town in the s outhern Belgorod region, its Gov. Vyacheslav Gladkov reported.

The Russian Defense Ministry said its troops overnight shot down a total of eight drones over the Kursk and Belgorod regions in the south.

In Krasnodar province next to Russia-annexed Crimea, local authorities r eported damage caused during the night by falling drone debris. Debris sparked a fire at an oil depot, set fuel tanks ablaze in a separate location and damaged a cellphone tower, the reports said. There were no immediate reports of casualties.

New movement toward a Gaza cease-fire

A TEAM of Israeli negotiators will r esume talks next week on a ceasefire and hostage exchange deal with Hamas, Israeli Prime Minister Benjamin n e tanyahu’s office said Friday, signaling progress toward a deal to end the war in Gaza after negotiations appeared stuck for weeks.

The brief Israeli statement came hours after Hamas said its proposed amendments to a US plan for a ceasefire “have been met with a positive response by the mediators.” The Palestinian militant group said Friday there was no set date for negotiations, and said Israel’s official position wasn’t yet known.

ne tanyahu’s office said negotiators will emphasize to American, Qatari and Egyptian mediators that “there are still gaps between the parties”

during talks in Doha, Qatar’s capital. The main sticking point in the three-phase deal appears to be getting from the first to the second phase.

Hamas is concerned that Israel will restart the war after the first phase, perhaps after making unrealistic demands in the talks. Israeli officials have expressed concern that Hamas will do the same, drawing out the talks and the initial cease-fire indefinitely without releasing the remaining hostages.

Away from the negotiating table, senior Hamas officials met with Hassan na srallah, the leader of the Lebanese militant group Hezbollah, as well as the leader of the Islamic Group. Hamas said officials also met Friday with senior delegations from the Houthi rebels in Yemen and the Islamic Resistance in Iraq.

And in Washington, US Defense Secretary Lloyd Austin spoke by phone with his Israeli counterpart, Yoav Gallant, in which they discussed regional security challenges and Austin expressed support for ongoing diplomatic efforts to resolve the conflict in Gaza.

Israeli raid in the West Ban PA LESTI n I A n aut horities say seven people were killed Friday during an Israeli military operation in an area of the West Bank city of Jenin, a known militant stronghold, where the Israeli military said it carried out “counterterrorism activity” that included an airstrike.

Israeli soldiers “encircled a building where terrorists have barricaded themselves in” and the soldiers exchanged fire with those inside, while

an airstrike “struck several armed terrorists” in the area. The Palestinian Health Ministry said a total of seven people were killed, but did not specify whether they died in the exchange of fire or the airstrike. The Islamic Jihad militant group named four of the dead as its members.

Violence has spiraled in the West Bank since the start of Israel’s war in Gaza, sparked by the October 7 raid into southern Israel by Hamas militants who killed around 1,200 people, mostly civilians, and took more than 200 others as hostages.

The Palestinian Health Ministry says over 500 Palestinians have since been killed by Israeli fire in the West Bank. Most were killed during Israeli raids and violent protests. The dead also include bystanders and Palestinians killed in attacks by Jewish settlers.

In Gaza, Israeli bombardments and ground offensives have so far killed more than 38,000 Palestinians, Gaza’s Health Ministry says. The ministry does not differentiate between combatants and civilians in its count, but it includes thousands of women and children.

Israeli restrictions, ongoing fighting and the breakdown of law and order have curtailed humanitarian aid efforts, causing widespread hunger and sparking fears of famine. The top U n court has concluded there is a “plausible risk of genocide” in Gaza—a charge Israel strongly denies.

Associated Press writers Julia Frankel in Jerusalem and Abby Sewell in Beirut contributed to this report.

record-breaking heat wave engulfs US, threatening 130 million people

By Claire Rush, Rebecca Boone & Scott Sonner The Associated Press

lAS V eg A S— r o ughly 130 million people were under threat over the weekend and into next week from a long-running heat wave that broke or tied records with dangerously high temperatures and is expected to shatter more from e a st Coast to West Coast, forecasters said.

Ukiah, north of San Francisco, hit 117 degrees Fahrenheit (47 degrees Celsius) on Saturday, breaking the city’s record for the date and tying its all-time high. l vermore, east of San Francisco, hit 111 F (43.8 C), breaking the daily maximum temperature record of 109 F (42.7 C) set more than a century ago in 1905.

l a s Vegas tied the record of 115 F (46 C), last reached in 2007, and Phoenix topped out at 114 F (45.5 C), just shy of the record of 116 F (46.7 C) dating to 1942.

t h e National Weather Service said it was extending the excessive heat warning for much of the Southwest through Friday.

“A dangerous and historic heat wave is just getting started across the area, with temperatures expected to peak during the Sunday-Wednesday timeframe,” the National Weather Service in l a s Vegas said in an updated forecast.

In l a s Vegas, where the mercury hit 100 F (37.7 C) by 10:30 a.m., Marko Boscovich said the best way to beat the heat is in a seat at a slot machine with a cold beer inside an air-conditioned casino.

“But you know, after it hits triple digits it’s about all the same to me,” said Boscovich, who was visiting from Sparks, Nevada to see a Dead & Company concert Saturday night at the Sphere. “Maybe they’ll play one of my favorites—‘Cold r ai n and Snow.’”

In more humid parts of the country, temperatures could spike above 100 F (about 38 C) in parts of the Pacific Northwest, the midAtlantic and the Northeast, said Jacob Asherman, a weather service meteorologist.

Heat records shattered across the Southwest Meteorolog I S t S p redicted that tempera -

tures would be near daily records in the region through most, if not all, of the coming week, with lower desert highs reaching 115 to 120 degrees F (46.1 to 48.8 C).

r a re heat advisories were extended even into higher elevations including around l a ke tah oe, on the border of California and Nevada, with the National Weather Service in r e no, Nevada, warning of “major heat risk impacts, even in the mountains.”

h o w hot are we talking? Well, high temperatures across (western Nevada and northeastern California) won’t get below 100 degrees (37.8 C) until next weekend,” the service posted online. “And unfortunately, there won’t be much relief overnight either.”

Indeed, r e no hit a high of 104 F (40 C) on Saturday, smashing the old record of 101 F (38.3 C).

More extreme highs are in the near forecast, including 129 F (53.8 C) for Sunday at Furnace Creek, California, in Death Valley National Park, and then around 130 F (54.4 C) through Wednesday.

t he hottest temperature ever officially recorded on e a rth was 134 F (56.67 C) in July 1913 in Death Valley, eastern California, though some experts dispute that measurement and say the real record was 130 F (54.4 C), recorded there in July 2021.

The worst is yet to come across the West and mid-Atlantic

t r IP l e- DI g I t temperatures are likely in the West, between 15 and 30 F (8 and 16 C) higher than average into next week, the National Weather Service said.

t h e e a stern US also was bracing for more hot temperatures. Baltimore and others parts of Maryland were under an excessive heat warning as heat index values could climb to 110 F (43 C), forecasters said. “Drink plenty of fluids, stay in an airconditioned room, stay out of the sun, and check up on relatives and neighbors,” read a National Weather Service advisory for the Baltimore area. “Young children and pets should never be left unattended in vehicles under any circumstances.”

deaths are starting to mount

I N A rizona’s Maricopa County, which encompasses Phoenix, there have been at least 13 confirmed heat-related deaths this year, along with more than 160 other deaths suspected of being related to heat that are still under investigation, according to a recent report.

t hat d oes not include the death of a 10-year-old boy last week in Phoenix who suffered a “heat-related medical event” while hiking with family at South Mountain Park and Preserve, according to police. California wildfires fanned by low humidity, high temperatures Firefighters dispatched aircraft and helicopters to drop water or retardant on a series of wildfires in California.

In Santa Barbara County, northwest of l o s Angeles, the l a ke Fire has scorched more than 19 square miles (49 square kilometers) of grass, brush and timber. Firefighters said the blaze was displaying “extreme fire behavior” and had the “potential for large growth” with high temperatures and low humidity.

Festival revelers meet the heat with cold water and shade At the Waterfront Blues Festival in Portland, o r egon, music fans coped by drinking cold water, seeking shade or freshening up under water misters. o r ganizers of the weekend revelries also advertised free access to air-conditioning in a nearby hotel.

Angelica Quiroz, 31, kept her scarf and hat wet and applied sunscreen.

“Definitely a difference between the shade and the sun,” Quiroz said Friday. “But when you’re in the sun, it feels like you’re cooking.” Associated Press reporter Julie Walker contributed from New York. Boone reported from Boise, Idaho, and So nner reported from Reno, Nevada. Associated Press journalists Adrian Sainz in Memphis, Tennessee, Jonathan Drew in Raleigh, North Carolina, John Antczak in Los Angeles, Rio Yamat in Las Vegas, Denise Lavoie in Richmond, Virginia, and Ben Finley in Norfolk, Virginia, contributed.

Blood can be seen in the aftermath of the Israeli airstrike on a UN-run school that killed dozens of Palestinians in the Nusseirat refugee camp in the Gaza Strip on Saturday, July 6, 2024. AP Photo/S A her Alghorr

Cebu Pacific’s expansion signals strong confidence in PHL economic growth editorial

Cebu Pacific, the Gokongwei-led carrier, has recently announced its ambitious P1.4-trillion acquisition plan to expand its operations. This move is a clear indication of the company’s confidence in the direction of the country’s economic growth. Ceb Chief executive Officer Michael Szucs shared the decision during a courtesy call with President Ferdinand R. Marcos Jr. This strategic move highlights the positive impact of ongoing economic reforms implemented by the administration. Lance Gokongwei, president and CeO of JG Summit Holdings Inc., which owns Cebu Pacific, accompanied Szucs to Malacanang. (Read the BusinessMirror report: “PBBM welcomes Cebu Pacific’s P1.4-trillion fleet expansion; CEB CEO says acquisition plan shows confidence in PHL economy,” July 2, 2024).

CEB’s acquisition plan involves a memorandum of understanding (MOU) for the procurement of 152 Airbus planes. The purchase agreement is expected to be finalized in the third quarter of this year. The company’s initiative to expand its fleet and operations demonstrates its commitment to meeting the increasing demands of the domestic airline market.

During the meeting, Szucs emphasized that CEB’s decision was driven by the company’s leading position in the domestic airline market, with a substantial 54 percent market share. This strong market presence, coupled with CEB’s impressive first-quarter 2024 revenue of P25.3 billion and total assets amounting to approximately P200 billion, provides a solid foundation for its expansion plans.

President Marcos praised CEB’s bold move, recognizing it as a testament to the ongoing economic reforms implemented by his administration. The President’s words of encouragement demonstrate the belief that with the right policies and strategies in place, the transformation of the country’s economy can be achieved.

CEB’s expansion plan is a significant development not only for the company but also for the country’s overall economic landscape. The acquisition of new Airbus planes will enhance CEB’s capacity to serve more destinations and accommodate a growing number of passengers, both domestically and internationally.

Furthermore, CEB’s expansion aligns with the government’s efforts to promote the Philippines as a competitive and attractive destination for business and leisure travel. By investing in its fleet and expanding its operations, CEB is positioning itself as a key player in the country’s aviation industry.

The confidence displayed by CEB in the country’s economic growth direction is a positive sign for investors and stakeholders. It reflects a strong belief in the country’s potential to thrive and prosper. Such confidence can attract further investments, stimulate economic activity, and create a favorable environment for sustainable growth.

It is important for the government to continue implementing policies that foster an environment conducive to business growth and innovation. This includes addressing infrastructure challenges, improving connectivity, and streamlining regulatory processes. By doing so, the Marcos administration can further encourage investments and support the expansion plans of companies like CEB.

Cebu Pacific’s P1.4-trillion investment plan is a welcome development for the Philippine economy. It is a testament to the positive outlook that businesses have on the Marcos administration’s economic policies and a reflection of the company’s strong market position. The acquisition plan is expected to create jobs, generate economic activity, and contribute to the overall growth of the economy.

BusinessMirror

Lower

inflation,

higher food prices, and the struggle of Filipino families

TRISING SUN

He Philippine Statistics Authority (PSA) reported on July 5 that the country’s inflation rate eased to 3.7 percent in June 2024, down from 3.9 percent the previous month. Though it’s a slight decrease, it’s enough to wonder whether the ordinary Filipino is feeling this reduction and whether Pinoy families can cope with the costs of basic needs and services.

These inquiries are valid because the government reported, in the same message, that food inflation increased to 6.5 percent in June, up from 6.1 percent in May. Prices of vegetables and meat, in particular, increased. The rains have affected the prices of vegetables, so as we move further into the rainy season, we might feel more increases in the coming months. Regarding chicken and pork, the government reported that the increase could be attribut-

ed to the swine fever cases and the temporary import ban on American/ Australian poultry products. Prices of LPG also increased slightly at the beginning of the current month.

The National Economic and Development Authority (Neda) reported that the decrease in inflation was partly brought on by a sharp deflation in electricity, which of course led to a reduction in the inflation rate of housing and utilities. Aside from the price of electricity, lower costs of transpor-

The Development Budget Coordination Committee expressed its determination to achieve price stability and meet the country’s average inflation rate target range of 2 percent to 4 percent between 2025 and 2028. The DBCC also revealed that measures to reach this target will include the proactive implementation of monetary policy measures and well-targeted government interventions that address the primary drivers of inflation.

tation also proved to contribute to the overall inflation decline. This decrease followed the additional rollback in gasoline prices in early June.

The Development Budget Coordination Committee (DBCC) expressed its determination to achieve price stability and meet the country’s average inflation rate target range of 2 percent to 4 percent between 2025 and 2028. The DBCC also revealed that measures to reach this target

Senator Pia Cayetano pushes for energy security in the country

Iwill include the proactive implementation of monetary policy measures and well-targeted government interventions that address the primary drivers of inflation.

That would, of course, include the implementation of the new Comprehensive Tariff Program for 2024-2028 to improve the affordability of essential commodities amid the rising global prices. The Food Stamp Program is also being done to mitigate the impact of elevated food prices on the poor and vulnerable sector. Again, these are good plans but we need to make sure that the families who are having a hard time putting food on the table will benefit from them.

Looking at these numbers and developments, we see the reality that many Filipino families are having a hard time coping with the prices of our most basic need, food. Wages need to go up and food security has to go up as well in the government’s order of priorities. There is a scheduled wage hike in mid-July and we could only hope that this will be substantial enough to help our fellow Filipinos in need.

LITO GAGNI

T warms the heart to know that Senator Pia Cayetano, newly appointed chair of the Senate’s Committee on energy under Senate President Chiz escudero, has taken a proactive step by visiting the Malampaya platform, demonstrating her commitment to promoting energy security in the country.

That is a commendable gesture and gives hope to the country’s overarching reach to ensure that the yellow and red alerts and the brownouts that continue to plague businesses and households will be, hopefully, a thing of the past.

After all, the Malampaya Deep Water to Gas Project has accounted for delivering 3,200 megawatts to two Batangas power plants. That accounts for 20 percent of the Luzon grid and it was responsible for ensuring that some places in Luzon continue to have electricity even with the yellow and red alerts.

In that visit to the Malampaya platform, Sen. Cayetano’s position was galvanized further when she herself experienced brownouts in Palawan. “There are so many fac-

tors that affect our energy security when we don’t have our own source. But when we have our own power source, that gives us more security,” she said.

As head of the energy committee, Sen. Cayetano will be able to ensure that Senate Bill 2247 or the proposed Philippine Downstream Gas Industry Development Act will be passed with the planned energy security for the country in place.

That bill, which had been endorsed by the Department of Energy, could give fruition to her belief that indigenous natural gas is a gamechanger in the Philippine energy sector. It seeks to fill gaps in the development of Philippine natural gas resources. After all, to drill for additional

The discovery of the Malampaya field has made the prospecting for oil in offshore Palawan a worthy endeavor. And for the Philippines, it means not just energy security but also higher economic growth since the development of a natural gas industry in the country will create more jobs, develop the countryside and result in increased revenues for the government.

wells requires massive investments and it is important for the government to craft a policy that will ensure that indigenous natural gas is used in energizing power plants.

What SB 2247 aims is to fix policy that would not only push investments into the search for new natural gas wells but also their use for power generation as priority over imported fuel.

The discovery of the Malampaya field has made the prospecting for oil in offshore Palawan a worthy endeavor. And for the Philippines, it means not just energy security but also higher economic growth since the development of a natural gas industry in the country will create more jobs, develop the countryside and result in increased revenues for the government.

In fact, the contribution of the Malampaya consortium to government coffers from 2001 to 2023 amounted to a staggering $13.5 billion. Aside from that, the Palawan find accounted for a fifth of the energy needs of the Luzon grid. Sen. Cayetano exemplifies the visionary leadership required to ensure energy security in our everchanging world. Her unwavering commitment to harnessing the potential of nature’s resources for the benefit of our nation is truly commendable. Through her persistent advocacy for the proposed bill, she aims to unlock the vast potential of our natural gas reserves, paving the way for comprehensive development and utilization of this valuable asset for our country’s progress. Her visit to the Malampaya platform allowed her a glimpse of the dedication of the crew in their work to deliver the natural gas to the two Batangas power plants. She even interviewed the chefs who prepare the food for the crew atop a platform with just the waves and the rain as their companions. For Sen. Cayetano, it is time to tap the potential of the Philippines’ only indigenous gas source to become not only the country’s main energy source but also a lifeline when everything else goes awry.

Atty. Jose Ferdinand M. Rojas II

The imperative of diplomacy

By Henry Go

durIng the Cold War, the collision of geopolitics, expansionism and nationalism were especially traumatic in southeast Asia. Yet the region was able to carve out space for itself and over several decades was able to effectively keep the region’s security free from geopolitical disputes. This was due to the efficacy of Asean mechanism and the cooperation of its member countries. however, those circumstances that previously helped to stabilize southeast Asia have changed dramatically. great power competition has returned with remarkable speed. This trend is disadvantageous to the global system, especially to Asean as peace, growth and prosperity could be negatively affected. This highlighted the imperative of diplomacy.

The role of diplomatic norms

W HILE the conditions of the contemporary world have significantly changed, diplomatic norms such as mutual respect for sovereignty, non-use of force, non-interference in affairs of other countries, equal and fair treatment, reciprocity, cooperation, and the principle of peaceful coexistence are regarded as crucial in conflicts/wars prevention and maintaining harmonious relations and economic development. These ideals can be defined as apolitical and universally organized, embodying the shared aspiration for a world community free of disputes and conflicts. Unfortunately, today’s world is characterized by increasing unpredictable factors and emerging conflicts between and within nations and different forms of security threats, traditional and non-traditional assertiveness as well as imperialism, which unduly complicate the international relations. Therefore, under such pressures and challenges, it is imperative for countries to wholeheartedly embrace the norms, rules, and guidelines maintaining diplomacy tenets as a guide whilst addressing such and other issues to ease complications and hence create a global society in harmony.

Adherence to diplomatic principles

E V IDENTLy, most countries have always adhered to those cardinal principles in their foreign policies. Highlighting the imperative of preventing war rather preparing for it. It is in handling disagreements before they escalate that a mutually acceptable solution can be achieved. Therefore, with reference to the Exclusive Economic Zone issue of the Philippines and China in the South China Sea, it is best that diplomatic actions in conflict resolution be done for the realization of the long-term stability and security of the Philippines and Asean. In the words of Kofi Annan, the former Secretary General of the United Nations, “lack of peace, and stability define the framework on which positive changes are achieved and that any lack of the same results in deterioration of development.”

The local Chinese community supports peaceful resolution of SCS conflict

IN a recent development, 33 major Filipino-Chinese chambers of commerce and civic organizations, including the Federation of FilipinoChinese Chambers of Commerce and Industry Inc., issued a public statement that reads: “We are in favor of President Ferdinand ‘Bongbong’ R. Marcos Jr.’s stance on the WPS issue as he has raised diplomacy in addressing the current conflict

continued from A10

“When you experience this and you see the kind of investments that go into ensuring energy security and energy reliability, you will be impressed,” the lady senator said. A transcript from Sen. Cayetano’s office regarding her interview during her visit three weeks ago in Malampaya reveals a remarkable fact about her. She called a spade a spade.

“I’m like, how do you run businesses? How do you improve the

Alice’s adventures in not-so-wonderland

Ain WPS. Now we fully back his call for dialogue without much military action between our two countries.”

That statement highlighted the economic interdependence between the two countries and at the same time, strongly discourages either side from making overtures that would fuel hostility. Instead, they call of the need to set up diplomatic channels that would be a proper environment that allows all parties to engage in constructive and civilized communication geared towards reaching a mutually acceptable agreement, free from third party interference.

Recent diplomatic efforts A NOTHER positive note on the power of diplomacy for the SCS issue was quite evident recently at the 9th Bilateral Consultation mechanism on the South China Sea held on July 2, 2024 in Manila, presided by DFA Undersecretary, the honorable Ma. Theresa P. Lazaro and the Minister Chen Xiaodong, Vice-Minister at the Ministry of Foreign Affairs of China. Both sides engaged in discussions in the framework of the current escalation of tension in the South China Sea. It is hopeful that the meet would establish the necessary elements of trust and confidence for further discussions towards de-escalating current tensions between the two nations.

International support for peaceful resolution

SIGNIFICANTLy, on July 2, 2024, the Foreign Minister of Vatican, Archbishop Paul Richard Gallagher, during his call to President Marcos has urged for a peaceful resolution to conflicts between the Philippines and China over the South China Sea.  Archbishop Gallagher stated: “We encourage parties in conflict to abide by international law.”

Conclusion

INDEED, one has to remember that both war and aggression have been shown to be disastrous throughout history and from which lessons must be drawn. Thus, the fortification of measures and strategies that lead to conflict and war prevention, as well as the support of principles of peace is important for the nations. The idea of the phrase, “if you desire peace, prepare for war”, holds a lot of truth. However, diplomacy has to always remain the first recourse. Eleanor Roosevelt is absolutely right in her statement, “It isn’t enough to talk about peace. One must believe in it. And it isn’t enough to believe in it. One must work at it.” It is essential to embrace the fact that national prosperity entails the need to maintain good relations and trade and commerce rather than going to war with other countries.

economy when 2-4 hours a day, there is no power? So when you experience this, and then you see the kind of investment that goes into ensuring energy security and energy reliability—reliability means you will have power 24/7; security means you will have access to that. And that’s where indigenous energy comes in,” Sen. Cayetano said. She added: “So obviously, we have to find long-term solutions. Not overnight. Anyone who tells you that they can solve it overnight, binobola

Siegfred Bueno Mison, Esq.

THE PATRIOT

Part two

nd so, the adventure continues. English author and poet Lewis Carroll has immortalized Alice in Wonderland, a book character demonstrating a confluence of many areas of one’s youth. From being drawn into the unknown gardens of life (so-called), to maneuvering through the confusion and anxieties while growing up, and to meeting a wide variety of people and handling trouble or misinformation. The gait through which this bookgenerated Alice manifests is both uncertain and stimulating. This Alice constantly changes in size as she eats the cake or drinks from a bottle to get to the right size. I suppose readers as well as viewers of the movie and play adaptations are hooked and equally fascinated!

Our mortal Alice (Bamban Mayor Alice Leal Guo) likewise gets all of us hooked and fascinated on her many surprising and incredible adventures in what we have discerned as a notso-wonderland. The Alice in our country has her stories transforming incessantly from one government investigation after another. If finally proven to be true, the allegations should shake our institutions, if they are not already shaken. This issue of usurpation of citizenship vis-a-vis familial identity hovers as an impasse for those legitimate Filipinos in far-flung areas availing of their respective late registration of birth. Alice’s ostensible association with POGO has haunted and will haunt her and those agencies tasked to regulate these companies to no end. A friend of mine surmises that this Alice is in Wonderland, because it makes us “wonder” how these allegations, if and when proven, serve as mere tip of the iceberg of the bigger issue of fake Filipinos. The Alice of the book is fiction; hence its Wonderland is laden with fantastic allegories and symbolisms. The beleaguered Alice of Tarlac is in a Wonderland that makes us scratch our head in consternation, making us “wonder” how many other Pipinos (fake Filipinos in immigration jargon) are in our midst.

Res Ipsa Loquitur, in Latin, means “the thing speaks for itself.” It is part of our legal and jurisprudential vocabulary used to establish a fact where the thing itself serves as the evidence of such fact! Generally used in negligence cases, Res Ipsa Loquitur can equally apply in the case of Mayor Alice, since a host of circumstances have surfaced unearthing a discernible conclusion that negligence, even deceit, transpired. In The Agenda, a

Iran

Mforum at Club Filipino, Dr. Chester Cabalza said the national security is not just about defense and military. He said that national security encompasses a gamut of sectors, such as economic, education, and health, which necessarily involves a “whole of society” approach. As such, the presence of the POGO hub supposedly established with the cooperation if not participation of Mayor Alice that led to the charges of human trafficking filed before the Department of Justice (DOJ) is not a mere security issue. More cases are inbound from the Anti-Money Laundering Council (AMLC), the Bureau of Internal Revenue (BIR), the Commission on Elections (Comelec), and, obviously from the Bureau of Immigration (BI). Armed with whatever records from the National Bureau of Investigation (NBI), Department of Foreign Affairs (DFA), and other agencies, a complaint for deportation would definitely enhance government’s ability to stop the possible and likely escape and evasion of Mayor Alice from the long arm of the law! The case of Alice and many other Pipinos like her requires an inter-department solution. It does not and should not take multiple Senate hearings to stop the proliferation of many other Alice or Pipinos in this country. Trusting that the NBI dactyloscopy result showing that Alice Leal Guo and Guo Hua Ping are one-and-the-same-person, it does not take rocket science to expose more of these devious schemes. As can be gathered from the records, Guo Hua Ping entered the Philippines as a teenager via a Chinese passport, a document that also reflects that she was born in Fujian, China on August 31, 1990. This Guo Hua Ping IS the Mayor Alice Guo, duly elected mayor in a municipality in

Central Luzon. Whatever procedure Alice availed of, my friends in government, especially those in the Bureau of Immigration, are alarmed! The alteration and fabrication done either by Alice or her cohorts can easily be exposed but with a “whole of society” approach. Pipinos, those who are beneficiaries of faking one’s citizenship, are usually holders of birth certificates issued under late registration. Government should consider imposing a nationwide moratorium on the issuance of certificates by way of late registration, say for a year, and require each local government unit to audit all of these certificates in close coordination with NBI, BI, DFA, and DILG. The objective can be as simple as looking for birth records with dubious circumstances and as painstakingly complicated as matching biometric records of these individuals in such agencies, similar to how NBI matched the records of Mayor Alice. The Philippine Statistics Authority (PSA) can be tapped to assist in the review and audit of birth certificates issued under late registration procedures in the same way that the DFA can add another verification layer in its passport issuance process whenever a passport applicant is a beneficiary of late registration. I remember having an intelligence sharing effort between law enforcement agencies, BI, NBI, and NICA in particular, precisely to address Pipinos. Even Comelec, AMLC, and SEC should revise their respective procedures and come up with an inter-agency validation of information.

BIR could perhaps explore a duplication-immune TIN processing technique while the AMLC can enhance its usually razor-sharp safety nets anent transfer of funds. The SEC may well add another verification tool by which incorporators can affix their imprimaturs in incorporation documents, meaning a mere name, address, and TIN may not be sufficient. But the rock star in this effort against Pipinos is the local civil registrar of each LGU, who is principally charged with the issuance of these supposedly mundane documents. They, too, should be part of this campaign against fake Filipinos. By now it is evident how a certain lady by the name of Alice Leal Guo has stirred the waters for said institutions. yet under no hesitation should I echo the suggestion in part one of this series that it is NOT the Mayor whom we should agonize over (hate, for others). I reiterate so because this situation is clearly beyond the visual sphere. Dark forces, principalities and powers that we do not see with our eyes operate as our real enemy (Ephesians 6:12 of the

Bible). This case of Alice is evidently the work of the devil to remind ourselves as well with God’s Word that the thief (the devil) comes to steal, kill and destroy (John 10:10). These dark forces can prod us to switch from one nationality after another, twist our family background, cause discord among people and nations, disrupt orderliness, and altogether lose our belief in our real identity as God’s righteousness in Jesus Christ. The real enemy is not the Alice under scrutiny, not even the country where she truthfully hails from, and not the government institutions as aforecited. The real enemy is the one at work: to steal our peace, kill our trust and destroy our strong foundations of faith. Our appropriate response (not “reaction” which is emotional), ought to be a declaration of the same infallible Word of our Heavenly Creator —that everything that is happening around us are still directed for a good end-goal!” Every misrepresentation or deceit, whether by act of omission, whether resulting to money laundering or human trafficking belong under “ALL” things that work together for good, for those who love Him and who are called according to His purpose (as written in Romans 8:28, a verse that every believer ought to take to heart).

“All” include the bad things, which will eventually cause good things to happen such as greater cooperation among government agencies or the participation of each Filipino to consciously report unscrupulous people in society. So in the muddle of Alice in Wonderland (of the book) as she maneuvers her way through the issues while growing up, and in the mayhem now before our eyes conjoined to Mayor Alice (under our scrutiny), believers are encouraged to refrain from being fixated on the personality. The ongoing chaos and subsequent embarrassment are beyond us. We need only shift our focus from one beleaguered character, real or fictional, to a far Superior Being and trust that He will work these things out for our good. yes, there is always a rainbow waiting in the Wonderland.

Part 3 in my next column

A former infantry and intelligence officer in the Army, Siegfred Mison showcased his servant leadership philosophy in organizations such as the Integrated Bar of the Philippines, Malcolm Law Offices, Infogix Inc., University of the East, Bureau of Immigration, and Philippine Airlines. He is a graduate of West Point in New York, Ateneo Law School, and University of Southern California. A corporate lawyer by profession, he is an inspirational teacher and a Spirit-filled writer with a mission. For questions and comments, please e-mail me at sbmison@gmail.com.

elects president who wants to revive nuclear talks with West

By Golnar Motevalli & Arsalan Shahla

Asoud PEzEshkIAn, a 69-year-old heart surgeon who wants to restart talks with the us over the landmark nuclear deal, was voted president of Iran after an election that underscored major challenges facing the country at home and abroad.

Pezeshkian beat hardline Islamist Saeed Jalili, 58, by almost 3 million votes in a runoff where the turnout of 49.8 percent was only marginally better than last week’s first round, according to officials.

It was among the lowest ever recorded for a presidential vote in Iran, highlighting the malaise and distrust in the political system overseen by Supreme Leader Ayatollah Ali Khamenei. The US State Department called the low turnout a result of elections that were “not free or fair.”

As a reformist, Pezeshkian will be widely expected to seek improved relations with the West with a view to removing sanctions that have long held back the economy. He’ll also look to improve living standards for millions of middleclass Iranians who have been pushed into poverty, in part due to chronic mismanagement of state finances.

“I haven’t made any false promises to you. I haven’t said anything that I won’t be able to act on or that will later amount to a lie,” Pezeshkian said in a victory speech made at the mausoleum of Ayatollah Ruhollah Khomeini on Saturday night and shown on state TV.

“The competition is over,” he said, addressing Jalili. “The time has come for friendship for Iran.” But his ability to affect meaningful change will be restricted by a political system dominated by hard line institutions in which ultimate power rests with Khamenei.

“His victory certainly offers an opening for the West,” said Ali Vaez, director of the Iran Project at the Washingtonbased International Crisis Group. “Any future talks will be tough because even if the barriers of misunderstanding have been lowered, the walls of mistrust remain high.”

‘Viable interlocutor’

ONE of Pezeshkian’s key pledges is to revive a landmark 2015 nuclear deal that was brokered between Iran and world powers, including the US. The agreement lifted sanctions on the Islamic Republic in exchange for strict limits and close regulation of its atomic activities.

The accord was left in tatters when then-US President Donald Trump withdrew in 2018, instigating a more comprehensive sanctions regime on Iran that remains in place. And with Trump

challenging Joe Biden in November’s US presidential election, his “maximum pressure” policy against the Islamic Republic could return.

It is hard to make any serious progress before the US elections in November,” Vaez said. “But the West now has a viable interlocutor in Tehran.”

A US State Department spokesman said that the elections will not have a significant impact on its approach to Iran, though the US remains “committed” to diplomacy when it advances American interests.

No change

“WE have no expectation these elections will lead to fundamental change in Iran’s direction or more respect for the human rights of its citizens,” the spokesman said in a statement. “As the candidates themselves have said, Iranian policy is set by the Supreme Leader.”

Pezeshkian’s other challenges include the handling of Iran’s conflict with Israel, which has reached perilous levels in recent months. The two countries almost went to war after trading missiles in April, and tensions remain high due to the ongoing war in Gaza between Israel and Hamas, which is backed by Iran, and Lebanon-based Hezbollah, another allied militia.

Iran has seen large, violent protests in recent years against the religious establishment and Khamenei, leading to more suppressive measures against

political dissent, while moderate and reformist voices have been marginalized from politics.

That’s what makes Pezeshkian’s election both surprising and potentially fragile. He was the only reformist candidate on a ballot of hardliners and his election underscores how little enthusiasm there is for the ultra-conservative and often radical views that dominate Iran’s state institutions, including the powerful Islamic Revolutionary Guard Corps.

‘Cards stacked’

“PEZESHKIAN unfortunately is really going to be a lone figure working in a system and with a set of cards that is stacked against him,” said Sanam Vakil, director of the Middle East and North Africa program at Chatham House.  The hope is that he’ll be able to “obtain the Supreme Leader’s support to build an environment that is more inviting and open inside the country to give people breathing room against repressive policies,” Vakil said.

Pezeshkian will be expected to address fierce opposition to the harsh treatment of women at the hands of security forces and strict laws on their clothing. That’s something that his reformist and moderate predecessors have mostly failed to achieve, because so much of Iran’s policy is ultimately decided by unelected bodies like the judiciary or Khamenei himself. With assistance from Alicia Diaz / Bloomberg

PBBM CITES 95-YR-OLD IMELDA’S ROLE: CARING FOR PHL’S ‘SOUL’

By Samuel P. Medenilla @sam_medenilla

FORMER first lady Imelda R. Marco took care of the “soul” of the country with her charm and undying determination.

This was how President Ferdinand R. Marcos Jr. paid tribute to his mother, who celebrated her 95th birthday last week.

In a video blog posted on his social media account last Sunday, he recalled how his father, Ferdinand E. Marcos Sr., tasked their mother to take care of the “soul” of the country, while the former president managed its “body.”

“ That is why she focused on the arts and culture. That became her advocacy so we can be proud of our being Filipino,” the President said.

His mother led the construction of facilities, which aim to promote the country’s arts, including the Cultural Center of the Philippines (CCP) and Folk Arts Theatre in Pasay City. Aside from being the patron of the arts, Imelda also advocated improving public health and focused on the construction of specialty medical facilities such as the National Kidney Center, the Philippine Children’s Medical Center, and the Heart Center in Quezon City.

Those specialty centers were able to save many lives. They are so effective that is why we are increasing their numbers, but I am only continuing what was started by my mother,” Marcos said.

Provincial charm

THE President also admired how his mother was able to make a connection with everyone she talked to regardless of their social standing --whether they are a boisterous politician, the queen of England, or fisherfolks.

He attributed it to his mother’s charm and “simplicity” from her upbringing in the province, which she is proud of.

She treats everyone the same and is able to touch their hearts. I am not able to master [such skill],” he said.

Despite her pleasant demeanor, Imelda, like his father, has determination and drive,when it comes to public service, the President observed. Something, he said, he wants to emulate from his parents. They are willing to die for the Filipinos. They are willing to die for the Philippines. And when I got elected, I saw they are right. Filipinos are competent and kind and should be loved and aided,” Marcos said.

Review of Epira to slow down inflation rate further, says Speaker Romualdez

THE leadership of the House of Representatives is optimistic that the government can further ease inflation, as it has committed to working towards reducing electricity rates by reviewing the Electric Power Industry Reform Act (Epira).

Speaker Ferdinand Martin G. Romualdez made a statement at the weekend reacting to the Philippine Statistics Authority’s (PSA) report that inflation slowed to 3.7 percent in June from 3.9 percent in May due to lower energy and transportation costs.

He said this achievement came amid ongoing global challenges, including supply chain disruptions and financial instabilities in significant economies.

We will work to further reduce electricity rates as well as rice prices. Accomplishing that will surely lead to a further moderation of inflation,” Romualdez said.

We are looking into possible amendments to the Epirea to bring down electricity prices, making it more affordable for everyone,” he added, indicating that the House aims to complete these changes before the Christmas recess. E lectricity rates in the country remain among the highest in the Asean region. Speaker Romualdez emphasized that amending the Epira would be preceded by an inquiry into the energy situation.  We want to know what the problem is with the law and why the law that was supposed to streamline the energy sector has unfortunately raised electricity rates. We will call all stakeholders—power producers and distributors, the transmission company, and most importantly, the consumers represented by consumer groups,” he said.

A lso, other lawmakers emphasized on Sunday that it is time to reduce electricity costs for the benefit of all Filipinos.

“ We fully support this move by our leader in the House. If we can finally reduce the cost of electricity, this would be one of the legacies of our Speaker and the cham -

Limited access to RE tech, funds, slow green transition

By Cai U. Ordinario @caiordinario

THE country’s access to renewable technologies and financing is slowing the country’s green transition, according to the National Economic and Development Authority (Neda).

A part from this, Socioeconomic Planning Secretary Arsenio M. Balisacan said batteries that have the capacity to store more renewable energy such as solar are not yet available.

Given this, the economy cannot easily make the transition to an economy run fully by renewable energy. The country’s finances are also not sufficient to make this happen immediately.

We don’t have the technology, we don’t have the finances. What we are saying is when we committed [to net zero], we’re going to achieve this on the condition that we have access to technology, we

have access to finances, but those are so slow in coming. Many developing countries, not just us, have those issues,” Balisacan explained to reporters.

W hile there are technologies that could fast-track the country’s green transition, many of these are “hardly tested.” Granting subsidies to make these affordable may not be wise, Balisacan said.

“ To be fair, technologies evolve, there are a number of instruments that are being floated around, but these are hardly tested yet, so, especially for developing countries, we want to bite as much as we can, but kung bago pa lang yun, mag - in -

gat ka, di ba, baka naman mapapasubo ka.  [if these are new and untested, you have to watch out, you might get stuck with something untenable],” Balisacan said.

Currently, Balisacan said the country’s efforts toward a green transition is still contingent on the availability of development financing it receives from its partners.

The country’s chief economist also said it is for this reason that the same fast pace of the transition of advanced countries cannot be demanded of developing countries like the Philippines.

We have to buy time and buy time, meaning, we can’t force our country to transition quickly to a fully renewable or dominantly renewable, kasi hindi kaya ng ekonimiya natin yun [because our economy cannot handle it],” Balisacan said.

D espite its financial challenges in its own green transition, the Philippines still found the means to help countries with lower incomes to combat climate change.

ber he heads,” said the lawmakers. The collective statement was made by Senior Deputy Speaker Aurelio Gonzales Jr., Deputy Speaker David Suarez of and House Majority Leader Manuel Jose M. Dalipe City, and Young Guns led by Reps. Inno Dy V of Isabela, Rodge Gutierrez of 1-Rider Party-list, Jil Bongalon of Ako Bicol Partylist, Zia Alonto Adiong of Lanao del Sur, Paolo Ortega of La Union, Jay Khonghun of Zambales, Mika Suansing of Nueva Ecija, Joel Chua of Manila, Migs Nograles of PBA Partylist, and Cheeno Miguel Almario of Davao Oriental.

The lawmakers said they welcome the Speaker’s pronouncement on a comprehensive review of Epira with the goal of bringing down electricity costs. They noted that no such study has been conducted in the past, despite various pronouncements.

“ In the meantime, power rates in the country continually went up to the extent that they are now among the highest in the Asean region,” they said.

The Legislative-Executive Development Advisory Council (Ledac) has resolved to prioritize the passage of 28 bills, including Epira amendments, before the 19th Congress bows out in June 2025.

Meralco franchise

AS the House deliberates the renewal of the Manila Electric Company’s (Meralco) franchise, they highlight that this is the ideal time to tackle the issue of lowering electricity rates.

Let’s examine how Meralco can support the Marcos administration in reducing its power distribution rates,” they said. “It’s time we alleviate, or at least lessen, the suffering of our people. Congress should address the issues created by the Epira law.”

I f the House succeeds in bringing down electricity costs, it would have achieved what previous Congresses have failed to do, they added. Reducing power costs would translate to economic progress, they said. Jovee Marie N. Dela

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

THE Department of Foreign Affairs (DFA) generally supports the grant of digital nomad visas for foreign nationals to be able to work long term in the country, but maintains the agency must retain control over their issuance for security purposes.

Th is developed as President Ferdinand R. Marcos Jr. instructed Executive Secretary Lucas Bersamin to draft an executive order (EO) on issuing nomad visas and “select a pilot country for the initiative,” according to a news statement from the Private Sector Advisory Council (PSAC) Tourism Group.  The group said the proposed EO can be issued without tax incentives provisions,

“which can be added once the related bill is passed.”

The House of Representatives is currently discussing House Bill 8165, the “Digital Nomad Visa Act,” which proposes to grant a 12-month visa to international travelers, who are employed in companies abroad, but work remotely through digital technology means. The bill was authored by Surigao del Norte First District Rep. Francisco Jose “Bingo” Matugas II and filed last November.

A leader in the destination management company business wondered, however, if there “will still be takers” considering other countries are already far along in implementing this program, and whether the current  infrastructure is ready to cater to the needs of these foreign workers. There are about 36 countries which already

I n May 2024, the Philippines contributed about $3 million to the replenishment of the Asian Development Fund (ADF) to help low-income countries cope with the climate crisis.

Finance Undersecretary Joven Balbosa told reporters in Tbilisi, Georgia the amount is at the same level it contributed in 2020, the first time it contributed to the replenishment of the ADF. The Philippines used to be one of the countries that received financing from the ADF. The ADF was established in 1974 and initially provided loans on concessional terms for ADB’s Developing Member Countries (DMCs). With the merger of ADB’s ADF and the Ordinary Capital Resources (OCR) in 2017, ADF “became a grant-only operation.” D onors and the ADB have agreed to a replenishment of $5 billion for ADB’s Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8. The commitment was made during ADB’s 57th Annual Meeting. (https:// businessmirror .com.ph/2024/05/04/ phl-contributes-us3m-to-adfto-help-with-climate-crisis/).

control is ours

implement digital nomad visas.

The President also recently ordered the fast-tracking of the electronic visa processing for Indian nationals. (See, “TPB pushes ‘Wedding Season’ for Indian visitors in the PHL,” in the BusinessMirror , July 6, 2024.)

More details to define digital nomads

A BusinessMirror source familiar with HB8165 said the DFA had asked lawmakers to reconsider the Bureau of Immigration as issuer of the digital nomad visas, citing that the agency’s foreign service posts are already authorized to issue visas.

The agency also suggested the House be specific in detailing the digital work of the foreign applicants and to limit the latter to non-restricted individuals, so as

not to risk national security and invite excludable foreigners and individuals engaged in criminal behavior to enter the Philippines. This will enable said applicants to apply for a  “[9a-8] Temporary Visitor Visa for visitors with other purposes,” instead of creating a separate visa for digital nomads, said the source.

The DFA likewise proposed that lawmakers consult with the  Bureau of Internal Revenue on possible loss in government income if digital nomads are exempt from paying taxes.

For his part, Jose C. Clemente III, president of the 52-year-old Rajah Tours Philippines, understood the good intentions of the proposed digital nomad visa, but cited potential challenges to its implementation.

A12 Monday, July 8, 2024

Cruz

CLIMBING COSTS Construction workers are seen on scaffolding at the side of a new business center inside Lima Park in Malvar, Lipa, Batangas. The Regional Tripartite Wages and Productivity Board (RTWPB) in the National Capital Region (NCR) approved a P35 wage increase for private-sector workers, reviving debates about what is enough to cope with persistently high inflation.

Editor: Jennifer A. Ng

EDC to switch on 3 more geothermal power plants

By Lenie Lectura @llectura

THE Energy Development Corp. (EDC) will switch on three more geothermal power plants this year, adding 50.6 megawatts (MW) in its portfolio.

During the inauguration of its

28.9-MW Palayan Binary Geothermal Power Plant (PBGPP) in the province of Albay, EDC officials said the three other power projects targeted to be operation this year are the 28MW Mahanagdong Binary in Leyte, 20MW Tanawon Binary in BacMan and the 5.6MW Bago Binary in Negros Occidental.

The planned geothermal projects in BacMan and Leyte will commence operations by the fourth quarter while the one in Negros Occidental will be ready in the third quarter.

EDC is investing around P24 billion for these four projects, including the PBGPP. Funding will be sourced from the company’s programmed

spending this year.

Energy Secretary Raphael P.M. Lotilla last week welcomed the launch of the PBGPP, highlighting that every megawatt of additional power that enters the grid is “crucial.”

“Every additional (MW) of clean (RE) that goes online is a vital contribution to our country’s de-carbonization goals, as the Palayan Bayan binary plant is estimated to reduce atmospheric emissions by as much as 72,200 tons per year,” Lotilla said.

EDC’s portfolio includes over 1,464.5 MW of total installed capacity, which accounts for almost 20 percent of the country’s total installed RE capacity. Its 1,169.85-MW geothermal portfolio comprises 80

percent of the Philippines’ total installed geothermal capacity.

The PBGPP was successfully synchronized with the Luzon grid in January this year. Gross annual generation is projected at 253,000 MWh and net annual generation is 219,800 MWh. The RE power plant is also expected to reduce the country’s carbon emissions by an estimated 72,200 tonnes each year.

“Construction of the PBGPP began in the last quarter of 2021 amid the uncertainties of the pandemic. Despite these challenges, we have remained steadfast in advancing these projects while prioritizing the health and safety of all our workers,” said EDC President and Chief Operating Officer Jerome Cainglet.

The PBGPP was granted a Certificate of Energy Project of National Significance (CEPNS) by the DOE in November 2020, highlighting its importance in the country’s continuing efforts to utilize indigenous energy resources toward energy security and independence. It is also a crucial contribution toward the cleaner energy transition goals set in the National

Renewable Energy Program (NREP), which is targeting a renewable energy mix of 35 percent by 2030 and 50 percent by 2040.

Apart from RE output and decarbonization, the PBGPP, likewise, contributes a positive impact to Bicol through EDC’s institutionalized corporate social responsibility initiatives. Primary of these is Community-Based Technical-Vocational Skills Training that produces TESDA NC-II certification in industries such as Scaffolding and Masonry, Welding and Electrical Installation and Maintenance.

The EDC donated four sewing machines that members of the Bacman Host Communities Multipurpose Cooperative (BMPC) are currently using to make plush toys to raise funds and increase awareness for the Flagship Species Initiative (FSI) of EDC’s signature reforestation program BINHI.

The company has also spearheaded the improvement of local health services through donations of medical supplies, equipment and furniture at the Nagotgot Barangay Health Center, which benefits an estimated 750 families and through the repair and expansion of the bath area for residents of the lone elderly home in Barangay Roro run by the Ladies of Charity–Sorsogon.

Monzon, Pardo to still lead PSE

By VG Cabuag @villygc

SHAREHOLDERS of the Philippine Stock Exchange Inc. (PSEI) re-elected the 14 board of directors, with Jose T. Pardo to continue to serve as its chairman for the 13th consecutive year and Ramon S. Monzon as president and CEO. Pardo, chairman and founder of 7 Eleven Philippines, has been an independent director of the PSEI since January 2011 and then became the bourse’s chairman since May 2011.

Monzon, meanwhile, has been the PSE’s president since May 2017.

Completing the 15-member board is former PSE director Edgardo G. Lacson, elected as non-broker representing Other Market Participants. Lacson served in the PSE Board from May 2011 to May 2019 and from May 2019 to July 2021. Lacson is the chairman of the Employers Confederation of the Philippines and honorary chairman and past president of the Philippine Chamber of Commerce and Industry. He is also a director of various private and publicly-listed companies.

US footwear brand Teva opens 1st Philippine store

By Roderick L. Abad Contributor

MAP Active Philippines has officially opened the Teva store in the country on the back of the growing hiking community.

“Teva is an outdoor sandal brand from the United States, and it’s been around for 40 years. Today, we are welcoming it to the Philippines with its first-ever store here at the Gateway Mall 2 [in Cubao, Quezon City],” MAP Active Marketing Manager Bea Madrid told the BusinessMirror on the sidelines of their opening ceremony last Thursday.

Map Active is a subsidiary of PT MAP Indonesia, a leading lifestyle retailer in Southeast Asia with more than 2,300 retail stores and a diversified portfolio that includes sports, fashion, department stores, kids, food and beverage, and lifestyle products. Some of its iconic brands include Starbucks, Zara, Apple, Marks & Spencer, SOGO, SEIBU, Oshkosh B’Gosh, and Reebok, among others. Apart from retailing, MAP also distributes sports, kids and lifestyle brands.

In the Philippines, Teva is being carried by other stores. In fact, earlier this year, MAP Active introduced the brand to Planet Sports and Planet Sports Asia.

“So maybe it looks a little familiar, especially for the OG hikers here in the Philippines. But this is the first time that it has its own store in Gateway Mall. We also have a new store that’s

Ericsson’s 5G tech seen to help PHL

By Rizal Raoul S. Reyes @brownindio

SWEDISH telecommunications giant Ericsson Services Philippines Inc. announced the full deployment of fifth generation (5G) technology that the firm said will improve the country’s competitiveness and deliver better governance to the Filipinos.

Daniel Ode, head of Ericsson in the Philippines, Singapore and Brunei told the B usiness M irror in an email interview the deployment of 5G technology will foster innovation that will digitally empower the Filipinos through faster speeds, lower latency, and secure, real-time communications.

“Thus, see a lot of possibilities for the economic development of the Philippines with 4G/5G serving as the foundation,” said Ode. He said the education and health sectors would immensely benefit from the full deployment of 5G.

Since the country is archipelagic in nature, Ode said the deployment of 5G in the country holds significant promise for improving the educational landscape, especially in schools where connectivity is poor. 5G technology can bridge the gap by providing robust and reliable broadband access, essential for both students and teachers in an increasingly hybrid and digitally enriched educational environment.

“With 5G, remote learning can become more interactive and engaging through the use of immersive tools and content. Augmented Reality (AR) and Virtual Reality (VR) tools can transform learning by making theoretical concepts tangible and facilitating experiential learning,” Ode said.

teachers in the use of digital tools and methodologies, aiming to create a more student-centred learning environment.

The program, part of Ericsson’s Connect to Learn initiative and supported by Qualcomm Wireless Reach, highlights the critical role of advanced wireless technologies in education. By enhancing digital skills and pedagogical methods, this initiative seeks to provide teachers with the tools needed to foster an effective and engaging learning experience for students across the Philippines.

He said 5G technology is poised to revolutionize the healthcare industry by providing high-speed, reliable connectivity essential for telemedicine and advanced medical applications. “It supports high-definition video consultations and real-time data sharing, making remote healthcare more effective and accessible, especially in underserved areas,” Ode said. He added 5G reduces healthcare disparities by allowing patients to access specialist care without travel.

Furthermore, Ode said 5G enables continuous remote monitoring through wearable devices, improving chronic disease management and post-operative care. By integrating AI in healthcare, facilitated by 5G, enhances early disease detection, personalized treatments, and predictive analytics. In surgical settings, 5G ensures precision and safety in roboticassisted surgeries, expanding access to specialized care.

“Overall, 5G’s capabilities significantly enhance patient care and healthcare system efficiency, improving outcomes and reducing disparities,” Ode said.

Pardo said he is “pleased to be working once again with esteemed colleagues in the board.” He added the members of the board “have been instrumental in pursuing regulatory reforms and programs for the stock market and its stakeholders to bring PSE closer to its vision.”

The PSE board is comprised of one president, five brokers and nine non-brokers, of which five are independent directors and four are directors representing the interests of issuers, investors and other market participants.

The other non-broker directors who

were re-elected were Ferdinand K. Constantino and Jose Arnulfo A. Veloso, representing investors, and lawyer Marilyn Victorio-Aquino representing issuers.

The independent directors who will continue to serve on the PSE board were Pardo, former Chief Justice Teresita Leonardo-De Castro, Peter B. Favila, Andrew Jerome T. Gan and Vicente L. Panlilio.

Brokers who will serve a fresh mandate include: Diosdado M. Arroyo, the son of the country’s former President; Eddie T. Gobing; Wilson L. Sy; Anthony M. Te; and, Ma. Vivian Yuchengco.

The directors will serve for a term of one year, from July 2024 to June 2025.

Dalian faces arbitration case as trains deemed overweight

By Lorenz S. Marasigan @lorenzmarasigan

already open at Greenhills Mall [in San Juan],” she said.

While the local market’s reception of the brand is positive, MAP Active still aims to build it up “slowly but surely” with a couple of stand alone stores that offer a full-line of highperforming Teva footwear products that are of high quality.

“In the Philippines, there’s always adventure to be found. We want to be there for the Filipinos who need to conquer their next mountains, who want to explore their next beaches, or like to enjoy their day-to-day city life more comfortably,” Madrid said of the high-performance brand, while citing, for instance, the souls of their sandals known for thickness and good traction.

“We’re determined to partner with the community that will help the brand grow. We want to make noise about Teva so that more people can share the love of adventure,” she added.

According to her, they plan to open three more stores in yet to be confirmed areas in the Visayas and Mindanao regions by next year. She sad: “We want to close 2025 with five stores.”

Apart from their expansion in the brick-and-mortar format, the marketing manager also bared the brand’s continued presence through consignment.

“It’s still in the works if we’re going to be making moves into the department stores. But for now, it’s just these [physical] stores and Planet Sports,” Madrid said.

THE Department of Transportation (DOTr) is considering liquidated damages and potential arbitration to address issues with the Metro Rail Transit (MRT) Line 3 trains supplied by the CRRC Dalian Co. Ltd., which were found to be overweight compared to the agreed terms.

According to Transportation Secretary Jaime J. Bautista, “there will be liquidated damages since Dalian did not meet the requirements.”

“But of course, this is subject to agreement,” Bautista added. “We need to agree with Dalian on the terms.”

According to the DOTr chief, foregone revenues can also be included in the terms.

“But we should be fair and reasonable in terms of what should be collected from Dalian,” Bautista said.

Chinese train manufacturer Dalian was tapped by the Aquino administration to supply 48 coaches for the MRT 3. Technical issues were raised after these were fully delivered in 2016.

In 2018, Dalian agreed to shoulder all costs to solve the issues raised in the independent safety audit and assessment conducted by German company TUV Rheinland. Dalian started working on modifying the weight, signaling, and maintenance equipment compatibility of the trains in July 2019 with Japanese company Toshiba Infrastructure Systems supervising and evaluating the process to ensure that the Chinese company addressed issues raised.

To date, Dalian is still “rectifying” the issues, according to Bautista.

Bautista emphasized the likelihood of arbitration, saying: ”In fact, that’s the route that I foresee.”

He noted that the issue with the Dalian trains may be passed on to the private sector, as the DOTr intends to “privatize” the MRT 3, similar to the Light Rail Transit (LRT) Line 1 Public-Private Partnership (PPP) Project.

As the build-lease-transfer (BLT) agreement with MRT Corp. ends in 2025, Bautista said the government can work on the privatization between “the second and third quarters” next year.

The Asian Development Bank (ADB) is assisting the Philippine government in drafting the terms of reference for the MRT 3 PPP.

“These tools can also be utilized for teacher training, enhancing their ability to deliver better educational experiences,” he added.

To derive the promising benefits of deploying 5G in the archipelagic Philippines, he said substantial infrastructure investments are required to ensure widespread coverage. However, initiatives like Ericsson’s collaboration with PLDT’s Smart Communications and the Department of Education in Muntinlupa demonstrate practical steps toward overcoming these challenges. This collaboration focuses on training in-service and pre-service

Right now, the Philippines has 119 million telecom subscriptions with 73 percent smartphone penetration. More than 85 percent of the subscriber base is on 4G technology, 9 percent on 5G technology and less than 6.5 percent is on legacy technology such as 2G/3G.

With more 5G adoption, the traffic in the networks is forecasted to grow more or less 6.5 times from current levels by 2030, according to Ode.

He said Ericsson is looking forward to working closely with communication service providers in the Philippines and the government to help the country achieve its economic development goals.

Banking&Finance

ABy Ada Pelonia

GRICULTURE Secretary

is-

Francisco Tiu Laurel Jr.

sued a memorandum order approving the distribution of P510.447 million worth of fuel subsidies to farmers.

Laurel said the fuel subsidies would be distributed to about 160,000 farmers who own or rent machinery used in crop, livestock and poultry production. He said they expect the subsidies would alleviate the financial burden on farmers amid the rising fuel cost.

According to the Department of Agriculture (DA), farmers who have agricultural machinery and equipment and listed in the “Registry System for Basic Sectors of Agriculture” (RSBSA) will receive a fuel subsidy of P3,000 each.

The distribution of these subsidies will be facilitated through assistance cards provided by the Development Bank of the Philippines (DBP) and its financial technology partners, read a statement issued by the DA.

The statement added that the subsidies would come from government’s allocation as cited in the 2024 General Appropriations Act (GAA). According to the statement, the project would be implemented through the engineering and regional field offices under the Bureau of Agricultural and Fisheries, an agency attached to the agriculture department.

Laurel underscored the significance of this assistance project, emphasizing that it forms part of several initiatives by the administration to support farmers, “who are integral to ensuring food security and are considered the backbone of the economy.”

“This is just one of the several assistance projects that the Marcos administration provides to ease the burden of our farmers, the unsung heroes of our economy and the main pillar of our food security goal,” the DA chief was quoted in the statement as saying.

According to the DA said the disbursement of subsidies to beneficiaries is contingent upon certification by the Department of Energy that the average monthly price of Dubai crude oil per barrel has reached $80, based on the Mean of Platts Singapore.

According to the DA, market data from June 3 to July 1 indicates that Dubai crude oil prices have consistently exceeded $80 per barrel, fluctuating between $78.48 and $86.50.

“This development indicates that the distribution of the fuel subsidy could commence later in July,” it added.

The DA said project underscores the government’s commitment to providing immediate financial relief to farmers grappling with increased production costs due to elevated fuel prices, thus supporting their ongoing agricultural activities crucial to sustaining the country’s food supply.

Lender launches program to back nano-entreprises

TDA okays release of fuel subsidies worth ₧510M Entities

HE Bank of the Philippine Islands announced last Friday, it launched the third year of its Small Enterprise Acceleration Lab (Seal) program with a new track called “Business Education and Growth Initiative for Nano-entrepreneurs,” or “Begin,” through its social development arm BPI Foundation Inc. (BPIF) “In partnership with Bayan Academy, which offers entrepreneurship and management training, [the] Seal provides programs that strengthen business skills and knowledge and provide cash grants and potential linkages,” read the statement issued by the BPI. “With a focus on start-ups, [the] ‘Seal-Begin’ will offer learning modules that amplify business creation and growth to help nano-entrepreneurs to navigate challenges and seize digital-age opportunities.”

“As we launch SEAL this 2024, we are not just continuing a program; we are nurturing a movement. We are confident that the participants of this year’s SEAL program will benefit immensely from the comprehensive training, mentorship and support that this program offers,” BPIF Executive Director Carmina T. Marquez was quoted in the statement as saying. “This aligns with our vision to help build a better Philippines —one family, one community at a time.”

5-mo NG subsidies to GFIs, GOCCS increase 51.56%

By Cai U. Ordinario @caiordinario

SUBSIDIES extended by the national government to state-run firms and financial institutions posted a 51.56 percent increase in the first five months of the year, according to the Bureau of the Treasury (BTr).

The data showed total subsidies in the 5-month period increased to P57.047 billion in the January to May period in 2024, higher than the P37.641 billion posted in the same period last year.

In May 2024, subsidies reached P9.74 billion, a 32.05-percent growth from the P7.376 billion posted in May 2023. However, this was a 64.86 percent contraction compared to the P27.72 billion in April 2024.

In the 5-month period, the bulk of the subsidies went to major non-

financial government Corp.s, most notably the National Irrigation Administration (NIA).

Subsidies to these state firms amounted to P38.532 billion in the January-to-May period this year. Majority or 75.29 percent of this went to the NIA.

The NIA received P29.012 billion in subsidies from the national government in the first five months of the year. The largest amount was received in April which reached P11.425 billion.

The BTr data also showed that in the first five months, “Other Government Corp.s” received a total of P15.833 billion. More than half or 50.53 percent of this was allocated for the Power Sector Assets and Liabilities Management (Psalm) Corp.

The data showed Psalm received a total of P8 billion worth of subsidies from the national government in the January to May period this year. The entire amount was extended in April 2024.

Subsidies to government financial institutions (GFIs) amounted to P2.682 billion in the January to May period this year, a seven-fold increase from the same period last year.

Based on BTr data, subsidies to GFIs posted a 668.48 percent increase from the P349 million posted in the same period last year.

It can be noted that last year, only the National Home Mortgage Finance Corp. (NHMFC) received subsidies worth P144 million in February 2023 and P205 million in May 2023.

However, this year, apart from

the NHMFC, the government also extended subsidies to six other GFIs such as the Philippine Crop Insurance Corp. (PCIC), the Social Housing Finance Corp. (SHFC) and Small Business Corp. (SBC). The government also extended subsidies to the Philippine Deposit Insurance Corp. (PDIC), Credit Information Corp. (CIC) and the Bangko Sentral ng Pilipinas (BSP).

The PCIC and SBC received the highest subsidies among the GFIs in the January to May period this year at P900 million each.

These were followed by the SHFC which received a total of P667 million and the NHMFC at P112 million. The BSP received the least amount at only P20 million.

Meanwhile in May 2024, major non-financial government corporations received subsidies in the order of P7.554 billion and the highest was the NIA with P7.27 billion. For “Other Government Corporations,” the subsidies reached P2.081 billion and the highest was received by the Philippine Rubber Research Institute at P629 million.

Fed’s Powell to testify as inflation, hiring cool

JEROME Powell is likely to tell lawmakers that Federal Reserve officials need further confirmation inflation is slowing before they’re in a position to cut interest rates, even with evidence building of softer growth and employment.

June consumer price index data are projected to be another step toward that goal, but the figures are only set for release on Thursday—after the Fed chair wraps up two days of Congressional testimony. Powell speaks Tuesday to the Senate Banking Committee, followed by a House panel appearance on Wednesday. With fresh data showing the highest unemployment rate since late 2021, and other figures illustrating weaker economic growth, Powell will likely be pressed harder by some lawmakers on why the Fed is hesitant to lower borrowing costs.

ington, DC, US, on Wednesday, June 12, 2024. Federal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers calls to keep borrowing costs high for longer to suppress inflation. Photographer: Al Drago/Bloomberg

Meanwhile, Friday’s monthly payrolls report showed that the jobless rate, while still historically low at 4.1 percent, is creeping higher. Minutes from the Fed’s June policy meeting revealed that several officials flagged the risk that a further slowing in demand could lead to higher unemployment.

Economists on Friday will parse the government’s report on producer prices to assess the impact of certain categories—like portfolio management and health care—that feed into the Fed’s preferred inflation gauge, the personal consumption expenditures price index.

by the Bank of Japan.

Consumer price growth in India may have nudged higher in June, and Australia unveils consumer inflation expectations on Thursday.

Trade statistics are due from China, the Philippines and Taiwan, while Singapore is set to release second-quarter gross domestic product data during the week.

On the policy front, a couple of regional central banks are expected to stand pat, with investors looking ahead to prospects for rate cuts in the second half.

The Reserve Bank of New Zealand meets after a weak reading for the composite purchasing managers index pointed to slackening economic growth, possibly opening the door to a cut in the fourth quarter.

The BPIF first introduced the “Seal Project Series” in 2022 to assist and develop interventions for micro-enterprises, nano enterprises and those who aspire to start their entrepreneurial journey.

According the lender, the Seal-Begin program will provide benefits and programs that enhance, encourage and cultivate the “Philippine Startup System” in support of Republic Act 11337, also known as the Startup Act. The BPI said the new track originated in the second year of SEAL, the “Small Enterprise Growth Agenda” (Seal-Sega), which is a program designed to identify and support start-up businesses ready to develop viable ventures.

According to the lender, the Seal-Begin is open to nano-entrepreneurs and aspirants who are at least 18 years old, are either the owner or manager of the nano enterprise and are involved in the business operations.

The nano-enterprise must be in the initial phase of establishing its proof of concept or testing its product or service-market fit. It must have business operations for at least three months and is building up a working capital and business infrastructure.

The deadline for submission for Seal-Begin is July 22, according to the BPI.

On Tuesday, Powell said recent data suggest inflation is getting back on a downward path, but that he and his colleagues would like to see that progress continue. The so-called core CPI, which excludes food and energy costs and is seen as a better measure of underlying inflation, is expected to rise 0.2 percent in June for a second month. That would mark the smallest back-to-back gains since August, a pace more palatable for Fed officials.

The inflation report is also forecast to show a modest 0.1 percent increase in the overall CPI from a month earlier. Compared with June of last year, the price metric is projected to rise 3.1 percent, the smallest annual advance in five months.

Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Wash-

THE Philippine Deposit Insurance Corp. (PDIC) announced it honored on June 20 about 38 institutions in government and the private sector for being key partners in promoting the state deposit insurer’s mandates and advocacies. They were recognized during the PDIC’s first-ever Stakeholders’ Appreciation Night as a culminating event for its 60th founding anniversary.

According to the PDIC, it paid tribute to 16 partner-organizations that collaborated with the PDIC, through the years, to contribute to institutional strengthening, regional cooperation and benchmarking of global best practices. It also honored 13 partner-agencies that actively promoted the state deposit insurer’s advocacies and corporate social responsibility initiatives. The PDIC also feted nine oversight agencies and government partners whose support was vital

Further north it’s a light data week, but June home sales on Friday will shed light on whether the Bank of Canada’s rate cut that month jolted the market out of a slumber.

Elsewhere, inflation numbers from China to Sweden and the aftermath of France’s parliamentary election runoff will be among highlights.

Asia

CHINA may get some mildly positive news on prices, with data Wednesday expected to show consumer inflation ticked higher in June and factory-gate deflation eased to the slowest pace since January 2023. Whether that helps buoy manufacturing remains to be seen.

In other data, Japanese figures for workers’ pay on Monday may show real wages sliding for a 26th month in May, casting doubts on the prospects of achieving the virtuous cycle long sought

in the promotion of governance and the PDIC’s key public service initiatives.

In his keynote message, Bangko Sentral ng Pilipinas (BSP) Governor and PDIC Board Chairman Eli M. Remolona Jr. highlighted the important role of collaboration and partnerships to a stable and sound banking system.

“The PDIC’s relationships have been crucial to the organization’s success. We work very closely together and try hard to maintain the stability and resilience of the Philippine banking system. Together, we are stronger in facing the challenges ahead,” the BSP Governor and PDIC Chairman said. PDIC President and CEO Roberto B. Tan, on the other hand, expressed optimism for even more sustained partnerships with key financial safety net players, stakeholders and institutional partners in government and the private

The Bank of Korea gathers a week after inflation slowed more than expected, boosting the prospects for pivoting to a reduction in borrowing costs as early as August, according to Bloomberg Economics.

On Friday, Kazakhstan’s central bank will decide whether to follow its rate cut in May with another.

Europe, Middle East, Africa

A FOCUS for investors on Monday will be the aftermath of the French election.

While financial-market concerns have eased, the prospect of a hung parliament leading to a minority government that lacks resolve to repair the public finances remains a likely outcome.

In the UK, whose own election led to a landslide victory for Keir Starmer’s Labour Party, investors will be on the lookout for any initial decisions impacting the economy and its own strained fiscal position. Data on Thursday, meanwhile, may show a pickup in growth in May after stagnation the previous month.

sector through strengthened coordination and communication.

“We will ensure that the trust you have given PDIC and which we have established and earned through time - through partnerships and collaboration—will endure and will redound to more benefit to the depositing public,” President Tan said.

Recognized institutions for their support to PDIC in fulfilling its mandates were the International Association of Deposit Insurers, US Federal Deposit Insurance Corp., World Bank, Asian Development Bank, Department of Information and Communications Technology, Department of Trade and Industry, Supreme Court of the Philippines, Office of the Government Corporate Counsel, Philippine Judicial Academy, Cebu Bankers’ Club, Dabaw City Bankers Association, Inc., Pampanga Bankers Associa-

European Central Bank policymakers have until the close of play on Wednesday to speak publicly about the upcoming July 18 rate decision before a blackout period kicks in. Amid a sparse calendar, Bundesbank President Joachim Nagel and Executive Board member Piero Cipollone are scheduled to make appearances. It’s also a quiet week for data in the euro region. German exports on Monday and Italian industrial production numbers on Wednesday are among the highlights. There’s more on the calendar outside the single currency area, with several June inflation releases scheduled. Hungary on Tuesday, then Norway and the Czech Republic on Wednesday, are all tipped to reveal slowing consumer price growth, albeit still with noticeable margins above 2 percent. The same day, Russian data may show inflation reached a new 2024 high, underlining the challenge for the central bank. After holding its key rate at 16 percent so far this year, the Bank of Russia will most likely consider a hike of 100 to 200 basis points at its July meeting, Deputy Governor Alexey Zabotkin said recently.

In Egypt on Wednesday, officials will hope inflation slowed for a fourth straight month from its peak of 36 percent in February, which was just before the central bank raised rates as part of a huge bailout from the International Monetary Fund, the UAE, and others. Also on Wednesday, Ghana’s inflation is forecast to slow for a third straight month—from 23 percent in May—on favorable base effects. The central bank will still be concerned by a monthly increase in prices that’s expected to quicken because of a slump in the cedi. Bloomberg News

tion, Municipal Government of Jones in Isabela, Municipal Government of San Agustin in Isabela, Municipal Government of San Juan in Southern Leyte, and the Chamber of Real Estate and Builders Associations, Inc.

“Collaboration with these institutions resulted in institutional strengthening, regional cooperation, sharing of global best practices and experiences; and enhanced public awareness

This photo courtesy of the Bank of the Philippine islands (BPi) shows an interview with previous winners Jasmeen Obatay, owner of JAO Plaque Awards and Fhelma Malimban, owner of Bugel’s, during the launch of the lender’s project. CREDIT: Bank of ThE Ph lIPPInE IslanDs

AI is learning from what you said on Reddit, Stack Overflow or Facebook. Are you OK with that?

By Matt O’brien AP Technology Writer

CAMBRIDGE, Massachusetts—

Post a comment on Reddit, answer coding questions on Stack Overflow, edit a Wikipedia entry or share a baby photo on your public Facebook or Instagram feed and you are also helping to train the next generation of artificial intelligence.

Not everyone is OK with that— especially as the same online forums where they’ve spent years c ontributing are increasingly flooded with AI-generated commentary mimicking what real humans might say.

S ome longtime users have tried to delete their past contributions or rewrite them into gibberish, but the protests haven’t had much effect. A handful of governments—including Brazil’s privacy regulator on Tuesday—have also tried to step in.

“A more significant portion of the population just kind of feels helpless,” said Reddit volunteer moderator Sarah Gilbert, who also studies online communities at Cornell University. “There’s nowhere t o go except just completely going offline or not contributing in ways that bring value to them and value to others.”

Platforms are responding— with mixed results. Take Stack Overflow, the popular hub for computer programming tips. First,

it banned ChatGPT-written responses due to frequent errors, but now it’s partnering with AI chatbot developers and has punished some of its own users who tried to erase their past contributions in protest.

It’s one of a number of social media platforms grappling with user wariness—and occasional revolts—as they try to adapt to the c hanges brought by generative AI.

Software developer Andy Rotering of Bloomington, Minnesota, h as used

Stack Overflow daily for 15 years and said he worries the company “could be inadvertently hurting its greatest resource”—the community of contributors who’ve donated time to help other programmers.

“ Keeping contributors incentivized to provide commentary should b e paramount,” he said.

Stack Overflow CEO Prashanth Chandrasekar said the company is trying to balance rising demand for instant chatbot-generated coding assistance with the desire for

a co mmunity “knowledge base” where people still want to post and “get recognized” for what they’ve contributed.

“Fast forward five years—there’s going to be all sorts of machinegenerated content on the web,” he said in an interview.

“There’s going to be very few places where there’s truly authentic, original human thought. And w e’re one of those places.”

Chandrasekar readily describes Stack Overflow’s challenges as like one of the “case studies” he learned about at Harvard Business School, of a how a business survives—or doesn’t—after a disruptive technological change.

For more than a decade, users typically landed on Stack Overflow after typing a coding question in Google, and then found the a nswer, copied and pasted it. The answers they were most likely to see came from volunteers who’d built up points measuring their credibility—which in some cases could help land them a job.

Now programmers can simply ask an AI chatbot—some of which are already trained on everything ever posted to Stack Overflow— and it can instantly spit out an answer.

ChatGPT’s debut in late 2022 threatened to put Stack Overflow out of business. So Chandrasekar carved out a special 40-person team at the company to race out the launch of its own specialized AI chatbot, called Overflow AI. Then, the company made deals with Google and ChatGPT maker OpenAI, enabling the AI developers to tap into Stack Overflow’s

q uestion-and-answer archive to further improve their AI large language models.

T hat kind of strategy makes sense but may have come too late, said Maria Roche, an assistant professor at Harvard Business School. “I’m surprised that Stack Overflow wasn’t working on this earlier,” she said.

When some Stack Overflow users tried to delete their past comments after the Open AI partnership was announced, the company r esponded by suspending their accounts due to terms that make all contributions “perpetually and irrevocably licensed to Stack Overflow.”

“We quickly addressed it and said, ‘Look, that’s not acceptable behavior’,” said Chandrasekar, describing the protesters as a small

m inority in the “low hundreds” of the platform’s 100 million users.

Brazil’s national data protection authority on Tuesday took action to ban social media giant Meta Platforms from training its AI models o n the Facebook and Instagram posts of Brazilians. It established a daily fine of 50,000 reais ($8,820) for non-compliance.

Meta in a statement called it a “step backwards for innovation” and said it has been more transparent than many industry counterparts doing similar AI training on pu blic content, and that its practices comply with Brazilian laws. Meta has also encountered resistance in Europe, where it recently put on hold its plans to start feeding people’s public posts into training AI systems—which was supposed to start last week. In the US, where

there’s no national law protecting online privacy, such training is already likely happening.

“ The vast majority of people just have no idea that their data is being used,” Gilbert said.

R eddit has taken a different approach—partnering with AI developers like OpenAI and Google while a lso making clear that content can’t be taken in bulk without the platform’s approval by commercial entities “with no regard for user rights or privacy.” The deals helped bring Reddit the money it needed to debut on Wall Street in March, with investors pushing the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange.

Reddit hasn’t tried to punish users who protested—nor could it easily do so given how much say voluntary moderators have on what happens in their specialty forums known as subreddits. But what worries Gilbert, who helps moderate the “AskHistorians” subreddit, is the increasing flow of AI-generated commentary that moderators must decide whether to allow or ban.

“People come to Reddit because they want to talk to people, they don’t want to talk to bots,” Gilbert said. “There’s apps where they can talk to bots if they want to. But historically Reddit has been for connecting with humans.” She said it’s ironic that the

content threatening

and

COS COLLABORATES WITH JAPANESE SHIBORI ARTISAN KAZUKI TABATA

GLOBAL fashion brand COS announces a limited-edition collection featuring the traditional Japanese resist-dyeing craft of shibori by Kyoto-based artisan Kazuki Tabata. Utilising this time-honored technique, mesmerising patterns emerge through binding, folding, and dyeing cloth in limitless ways. The collaboration celebrates the fusion of traditional craft and modern design through a 14-piece capsule that spans womenswear, menswear, and accessories. COS’ signature silhouettes are transformed through the craft of shibori: the result is a capsule with a unique blend of texture and flair. As art and fashion intertwine, soft tones of blue, orange, and brown evoke a sense of timelessness and calm. Designed for creative layering and adaptable styling, each garment captures the essence of this season’s dressing. Highlighting the collection’s dedication to intricate craftsmanship, the Sekka Shibori technique is used to create a delicate silk scarf. Additionally, the Tesuji Shibori technique takes center stage on garments made from more sustainable materials such as TENCEL Lyocell. The capsule is available online and at the COS Store in SM Aura Premier.

Fun, fashionable frames

MACTAN, Cebu—The tranquil coastal haven that is Dusit Thani Hotel pulsated with vibrant energy as JBL, the “most trusted, most loved” audio brand, introduced its latest innovative products.

Now well-known for its multimedia Bluetooth speakers and car audio systems, JBL was founded by James Bollough Lansing (born James Martini, 19021949).

He is regarded as a pioneering American audio engineer and loudspeaker designer who also established the audio company Altec Lansing.

Leading the high-energy launch on July 2 were Larry Secreto, director of Consumer Audio, Philippines; Grace Koh, vice president and general manager, Consumer Audio, Harman Asia Pacific; and Megan Lee, director of product planning and strategy, Consumer Audio, Harman Asia Pacific.

In three segments inside the hotel ballroom, the brand showcased its bestselling Partybox, the Smart Charging Case, which is an innovative expansion to its Live 3 Earbuds series, and the Soundgear Frames.

The last one excited me the most. The frames, already eye-catching, are where “style meets sound.”

The revolutionary audio glasses promise “not only to change the way you hear the world but also how you are seen in it.”

Megan Lee, the energetic Singaporean director of planning and strategy, explained the Soundgear’s features further:

“When we first launched this product, a lot of people asked why. Why JBL SoundGear Frames? But, because we figured out there’s a bunch of consumers out there who want a pair of fun and fashionable glasses while being able to enjoy the JBL Sound.

“And so this is where we come in. The Soundgear Frames are the perfect example of how JBL innovation creates the perfect fusion of style and sound. It is powered by the JBL Open Sound Technology, enjoyed through JBL’s unique ultra-thick, high-amplitude speaker.

“And when you’re wearing them, all you have to do is just tap the JBL logo on the temple to adjust the volume, answer calls, or skip a song. And that’s instant precise control for you.

Korean brand Dr. Jart+ launches in PHL

I FIRST encountered Dr. Jart+ 14 years ago when its Korean principals brought the famous BB creams to Manila. The brand was well-known for its blemish balm creams, which claimed to protect and hydrate skin and also conceal redness.

By the way, there is no Dr. Jart. The brand was founded by an architect named Leeo (Chin Wook) Lee, who found out about the blemish balm that could simplify beauty routines. Leeo teamed up with dermatologists to create a BB cream, a hybrid of skincare and makeup that moisturizes the skin while evening out the tone. He launched the Dr. Jart+ brand in 2005. Dr. Jart+ introduced its BB creams at Sephora in 2011 and the product became a hit, prompting other global brands to produce their own versions of it. Dr. Jart+ was eventually acquired by Estee Lauder and the beauty conglomerate brought to life the brand’s philosophy of “doctor joins art.” Dr. Jart+ then entered its fun era by providing its users with high-performance derma care products with playful packaging and unique experiences. The products are color-coded according to skin concerns. Green is for sensitive skin, yellow is for those with damaged skin barrier, and blue is for those with dry skin. The BB creams are still very much around, in case you are wondering.

Dr. Jart+ finally made its big launch in the Philippines last week at Whitespace, which was turned into part laboratory, part party place, and part art installation.

The star of the show was Dr. Jart+’s Cicapair collection, which is formulated with the healing

“And for this pair of glasses, you get more than eight hours of playtime while wearing the most stylish audio glasses as we set a trend in the market. They’re not just fashionable, but they are also IP54 water-resistant.

“If you’re out running, if you’re out walking, if you’re out shopping, if you get caught in the rain, you don’t have to worry when you’re out and about. And one of the few things I love about these glasses is I do not need any special cable to charge the frames. Use the bundled USB Type-C shaped cable provided in the box, or I’m sure all of you have a lot of USB-C cables at home.

“Just use those cables at home. The frames work just like any JBL headphone app. So you can just be supported by the JBL headphone app and calibrate the sound, and the gestures according to the preference.”

Incidentally, the zestful pop group Hori7on was also launched as the brand’s ambassadors. Composed of Vinci, Kim, Kyler, Jeromy, Winston, Reyster and Marcus, the group is under MLD Entertainment and jointly trained by ABS-CBN and KAMP Korea. It was created in 2023 through the survival show Dream

power of Tiger Grass (more popularly known as Centella Asiatica or Cica) to help soothe, calm and moisturize skin. The fan favorite from this line is definitely the Cicapair Colour Correcting Treatment, a greento-beige cream that instantly melts into skin to neutralize redness. This day cream has SPF but it’s best to wear sunscreen over it. Products from Dr. Jart+’s Every Sun Day Sunscreen collection protect the skin from harmful UV rays while providing skincare benefits.

Cicapair Foaming Cleanser has a soothing formula that cleans skin without any irritation. My favorite from the line is the Cicapair Intensive Soothing Repair Gel Cream, a lightweight gel cream that calms and soothes irritated skin. The Ceramidin collection with Ceramides and Panthenol + Glycerin helps strengthen the skin barrier. I am a big fan of the Ceramidin Skin Barrier Moisturising Mask. The Vital Hydra Solution collection with Hyaluronic Acid + PENTAVITIN hydrates, plumps and boosts skin’s glow. Dr.Jart+’s new water cream, treatment essence, and bestselling face mask are all dermatologist-tested.

Dr.Jart+ is exclusively available at Watsons and LOOK At Me stores nationwide, www.watsons.com. ph, and Watsons official stores on Shopee and Lazada.

ELIZABETH ARDEN UNVEILS

NEXT GENERATION OF RETINOL

I ALWAYS say that Elizabeth Arden’s capsules are so good and I have not seen or used one that isn’t effective. The new Retinol + HPR Ceramide Capsules Rapid Skin-Renewing Serum banks on Elizabeth Arden’s over 120 years of expertise. The serum has potent yet gentle formula that claims to firm the skin, reduce dark spots and pores, and improve clarity tone and texture to “reveal radiant and revitalized skin after the first use.”

“The serum includes retinol + HPR, a nextgeneration retinoid which is 10x more potent than pure retinol—delivering double the power and double the care. Encapsulation technology protects light sensitive retinol and ensures purity and potency for every application. Skin-firming power peptides accelerate cellular renewal, firm skin, and even texture and tone for dramatically younger-looking skin. The unique blend of phytoceramides and

Maker, which aired in the Philippines.

Megan Lee continues with her Soundgear introduction:

“Finally, the focus of any pair of shades is that when it comes to audio glasses are the frames. Is it round, is it square, is it triangle, and the lens. You can choose either the square or the round design. And you have a selection of three different trendy and translucent colors.

“So the JBL SoundGear frames come with three different fashionable colors like onyx, pearl, and amber. And when it comes to the lens, it comes with semi-transparent lenses. It has UVA and UVB protection for your eyes. “And one more thing—can you see the difference between the one that I have here versus what they have? You can basically pop up these lenses and make it prescription

“This is perfect for me because I wear glasses. So this helps. I don’t need to wear contacts. I can just pop it up and make it with prescription lenses.

“So with all these innovations and options, the amazing and eye-catching JBL Soundgear frames will certainly make you ‘Reframe Your Life.’” n

skin-soothing bisabolol and oat ensure the formula is gentle enough to use both day and night,” said the brand in a media release.

If you’re a retinol newbie, the Elizabeth Arden Retinol + HPR Ceramide Capsules Rapid SkinRenewing Serum is a good place to start. The brand advices starting at twice a week and gradually moving up until you can use it everyday (with SPF50 during the day, of course!).

Retinol use is associated with purging, breakouts, or irritation and flaking in the first three to four weeks of use. Elizabeth Arden offers a retinol formula that works for different skin types. I have been using the Retinol + HPR Ceramide Capsules Rapid SkinRenewing Serum, starting with every two days. I am now at the point where I use it every other day and I have not had any purging. The only thing I have experienced is a warming of my skin upon application and very mild dryness. I use it after a toner and follow the retinol with a moisturizer. The gentleness comes from the mix of peptides and ceramides that strengthen the skin barrier and help in smoothing fine lines and wrinkles.

Elizabeth Arden also launched the Retinol + HPR Rapid Skin Renewing Water Cream, which claims  to visibly reduce wrinkles in just one week. The lightweight cream is gentle enough to use both day and night (with SPF). The new skin-renewing water cream includes retinol + HPR, a next-generation retinoid which is 10x more potent than pure retinol, delivering double the power and double the care. An innovative airless pump protects light sensitive retinol and ensures purity and potency for every application. Skin-firming power peptides support collagen and target deeper wrinkles, a water-magnet blend of phytoceramides and hyaluronic acid strengthen and cushion skin with round-the-clock hydration, while soothing bisabolol and

SEC OKAYS DOUBLEDRAGON’S RETAIL BONDS ORDER OF REGISTRATION, PERMIT TO SELL D

DOUBLEDRAGON Corporation has received the Order of Registration and Permit to Sell dated June 28, 2024, from the Securities and Exchange Commission (SEC) in relation to its 3.5year Retail Bond Offering. The details are as follows:

Rating: Triple A—The Philippine Rating

Services Corporation assigned an Issue

Credit Rating of PRS Aaa to DoubleDragon Corporation’s (DoubleDragon) proposed bond issue of up to P10 billion.

Coupon Rate: 8.008 percent per annum

Offer Period: up to July 10, 2024

PDex Listing Date: July 16, 2024

Minimum: P50,000

Joint Issue Managers

Joint Lead Underwriters

Bookrunners:

n RCBC Capital Corporation

n Unicapital Inc.

n Development Bank of the Philippines

Selling Agents:

n RCBC Capital Corporation

n Unicapital Inc.

n Development Bank of the Philippines

PhilRatings likewise assigned an Issuer

Credit Rating of PRS Aaa (Triple A) to DoubleDragon Corporation. DoubleDragon is also one of the few companies in the Philippines with credit rating PRS Aaa (Triple A) from Philip -

pine Rating Services Corporation, the highest rating tier by PhilRatings.

“We are glad to tap the Peso Retail Bond mar -

ket again after over five years. We believe that the Pricing of this DD Retail Bond Offering at 8.008 percent will enable a wide range of people to avail of the good coupon rate for a Triple A rated retail bond and given the minimum investment size of only P50,000. On top of that, eight is also believed by many to be an auspicious or ‘swerte’ number and having two eights in the coupon rate could be even more auspicious,” said DoubleDragon Chairman Edgar “Injap” Sia.

“I personally believe that 2024 could be the very last year in my entrepreneurial journey that the retail public can participate with a retail bond priced at 8.008 percent coupon rate given that not only that DoubleDragon is nearing the Bluechip level of Balance Sheet but also the Global high interest cycle is starting to shift to downward interest rate cycle,” added Sia.

DoubleDragon’s Total Equity is set to exceed P100 billion for the first time in 2024. The Company is positioned to become one of the few companies in the Philippines with Total Equity at 12 digit level.

DoubleDragon happens to be one of the very few companies that has not only positioned a diversified hard asset portfolio spread out across the Philippines, but it also happens to

CONRAD MANILA RADISSON BLU HOTEL CEBU

be one of the very few that has organically developed a novel asset-light concept and highly unique business model in Hotel101 (HBnB) that is portable and exportable to other continents globally. The export of Hotel101 is expected to eventually become one of the major US Dollar inflow generator to the Philippine economy.

DoubleDragon’s string of titled investment properties strategically planted in prime locations spread out in Luzon, Visayas, Mindanao and Overseas serves as its strong underlying solid foundation.

On top of its string of diversified hard assets portfolio in the Philippines, DoubleDragon is one of the few companies in the Philippines that was able to organically develop a novel and unique business model and brand in Hotel101 that is highly portable and exportable to multiple continents.

The upcoming Hotel101 Global listing in the US to further strengthen DoubleDragon’s balance sheet.

DoubleDragon Corporation recently reports Consolidated Net Income grew by 23.25 percent year-on-year to P15.93 billion for the year ending December 31, 2023, with Consolidated Revenues at P24.74 billion for the same period.

Total Assets of the Company are up by 15.59 percent year-on-year to P181.24 billion as of December 31, 2023. Total Equity grew by15.88 percent year-on-year to P94.57 billion as of December 31, 2023. DoubleDragon’s Debt-toEquity ratio stood at a very healthy 0.64x as of December 31, 2023.

DoubleDragon Corporation is chaired and co-chaired by two Filipino entrepreneurs— Mang Inasal Founder, Edgar “Injap” Sia II and Jollibee Founder, Tony Tan Caktiong.

Two SMHCC Properties Belong to the Top 10 Best Hotels in the PHL

TWO acclaimed hotel brands under the SM Hotels and Conventions Corp.’s portfolio, Conrad Manila and Radisson Blu Hotel Cebu have received the Travel + Leisure Luxury Awards Asia Pacific 2024 as part of the top 10 best hotels in the Philippines. Both properties made it as two of the best City Hotels in the country. Beyond mere opulence, Conrad Manila continues to exhibit unparalleled service and Filipino hospitality at its finest. Offering stunning views of the renowned Manila Bay sunset and conveniently located within the Mall of Asia complex, in close proximity

to SM Mall of Asia and IKEA, this property has a matchless location that is difficult to beat. Complemented by its exquisite pool, contemporary gym, and luxurious spa, it is undoubtedly a sought-after sanctuary to refresh, rejuvenate, and recharge. Radisson Blu Hotel Cebu remains to exude its commanding presence in the heart of the city. With just a few minutes away from the Mactan International Airport and Cebu International Port, it boasts of its five-star accommodation and strategic location with easy access to historic attractions and pristine beaches. It is directly connected to SM City

Cebu mall, which houses a wide array of local and international lifestyle brands perfect for shopping. The sprawling outdoor pool, 24-hour fitness center, and holistic spa complete the guests’ encompassing experience. These accolades are added feathers in SMHCC’s cap, which solidify the company’s thrust as one of the leading hotels and convention center operators in the country. SMHCC is poised to expand its brand footprint across the Philippines and provide more accommodation options to both locals and tourists alike, with the distinct warmth and hospitality that Filipinos are known for.

In her message, the senator recognized the significant role of a father as the foundation of a family home.

“So that the Fathers’ Day is an occasion to show love to our ‘Itay, Papa and Daddies’ for their sacrifices and struggles. for their unconditional love, protection and security given to their family,” noted the senator.

She said this is also an opportunity to make them feel that they are very much appreciated and loved.

She is also happy that many fathers are very conscious of their fitness and health.

“I was overjoyed that they joined our Fun ‘Farm’ Run,” said the senator.

The fathers also gamely participated in the Group Sing and Dance Competition which amazed the Villars.

“I salute all your great performances. You were surely inspired and did your best because of the support from your family members, friends and ka-barangay,” added the senator.

Fathers’ Day was last June 16 this year as it is celebrated during the third Sunday of June. However, the Villar opted to celebrate it last June 30 on as Sunday since majority of our fathers are on a relax mode.

URING the 50th National Nutrition Month launch in Koronadal City, the National Nutrition Council (NNC) called for more support for the Philippine Plan of Action for Nutrition (PPAN). The plea came amid more recent estimates on the cost of inaction on nutrition. The Nutrition International estimates that the Philippines can lose close to US$48 billion (P2.3 trillion) in productivity by 2030 because of child stunting. About 26.7 percent of children under-five years old were found to be stunted in 2021. The PPAN targets a reduction in child stunting by at least 17.9 percent in 2028. This translates to a reduction in magnitude of about four million children in 2012 to about two million children by 2028. Furthermore, about US$1 billion in productivity losses can be avoided if the country is able to reduce the prevalence of low birth weight among infants by 30 percent from 2017 levels of 14.5 percent to 10.2 percent in 2025 and continue reduction to 8.6 percent by 2028. With continued rates of low birth weight due to inaction, about 5.1 million IQ (intelligence quotient) points are lost per year. This can partly explain why Filipino students do poorly in academic performance compared to other countries. There is poor brain development of the baby when the pregnant mother is deprived of the necessary nutrition during pregnancy and the baby is deprived of optimal nutrition from breastfeeding and appropriate complementary feeding. According to NNC’s Executive Director Assistant Secretary Dr. Azucena Dayanghirang, “We can prevent as much as 5,000 child deaths and 1,400 maternal deaths annually when optimal breastfeeding is practiced. Breastfeeding should be exclusive in the first six months of life and continued up to two years or more.” The estimated US$360 million spent annually on breastmilk substitutes by families can best be used to improve food intake of the entire family if the mother breastfeeds her baby. Almost all mothers can breastfeed successfully if they are supported by the family and community.

Aside from child stunting, the country increasingly faces the problem of overweight and obesity. The NNC estimates that there are about 29.5 million Filipinos across all age groups who are either overweight or obese. Obesity is recognized as a disease and a risk factor for non-communicable disease including heart disease, cancer and diabetes.

The economic and social costs of poor nutrition are substantial, hindering national development. While individuals and families bear the primary responsibility for their nutritional well-being, the government and other stakeholders must support them, especially

the marginalized. This includes enhancing the availability and affordability of nutritious diets, promoting changes in nutrition behaviors, ensuring access to health and nutrition services, and fostering a supportive environment for proper nutrition.

“By placing nutrition at the forefront of our national agenda, we can ensure that it receives the attention and resources it deserves for comprehensive and sustainable improvements in nutrition outcomes.” stressed by Executive Director Dayanghirang.

Aligned with international commitments such as the UN Sustainable Development Goals and the World Health Assembly targets, the PPAN 2023-2028 provides a comprehensive framework for improving the nutritional situation in the Philippines. Despite being the 11th in a series of action plans since 1974, the PPAN remains relatively unknown to many Filipinos. A 2022 recall survey by the NNC found that only 40 percent of respondents had heard, seen, or read anything related to PPAN.

The Nutrition Month this July campaigns for more support for the PPAN as guided by the theme “Sa PPAN: Sama-Sama Para sa Nutrisyong Sapat Para sa Lahat!” (Through PPAN, let’s collaborate on nutrition security for all!). The campaign highlights the PPAN’s multisectoral approach addressing malnutrition and promoting nutritional security. The campaign objectives include providing a platform for discussing the PPAN and encouraging stakeholder support, mobilizing promotional activities to raise awareness of nutritional problems and interventions, and encouraging the public to adopt positive nutrition behaviors.

The campaign targets a wide range of audiences, including legislators, national government agencies, local chief executives, non-government organizations, professional organizations, educational institutions, workplaces, the food industry, and the public.

The NNC encourages the use of PPAN strategies: promoting proper nutrition through various media channels, partnering with different sectors to implement PPAN strategies, advocating for policy and program reforms, and nurturing nutrition initiatives at national and local levels.

The NNC calls on all stakeholders to support the campaign by participating in Nutrition Month activities, disseminating campaign materials, aligning investment and action plans with the PPAN, and developing policies and programs that promote nutrition security.

For more information about the 2024 Nutrition Month, visit the NNC official Facebook page, https://www.facebook.com/nncofficial .

Makati extends Suite Mercier booking period until July 31 due to popular demand

LAUNCHED on March 30, 2024 in collaboration with the prestigious beauty brand Laura Mercier, Suite Mercier is Ascott Makati’s first themed suite. This exquisite 83-square-meter One Bedroom Premier Suite is thoughtfully designed for today’s sophisticated travelers. Priced at P11,000 nett

Why Branding is a compelling communications tool

BRANDING has been called a science and an art while a brand experience is defined as “the totality of all sensations, feelings, thoughts and actions evoked by a brand.”

In his book “Principles of Marketing,” American author Philip Kotler defines a brand as “a name, term, sign symbol ( or a combination of these) that identifies the maker or seller of the product.”

Of course, we all know the top famous and most recognized global brands: Apple, Google, Microsoft, Amazon, and Coca-Cola.

In the Philippines, the top five brands according to various sources are Jollibee, Ayala Corporation, Philippine Airlines, San Miguel Corporation and BDO.

As communications and PR practitioners, we are often asked if we know or can recommend branding experts who can help our clients define their brands.

I have personally known and worked with branding master Ric Gindap, CEO and Creative and Strategic Director of Design for Tomorrow, so I asked him the following questions for him to give us an overview of how he got into this field and the wealth of services they are capable of doing. He answered all of my questions in a most comprehensive way, so I hope this can give our readers a solid introduction and background to the creative world of branding.

Q. Please give us the traditional and your personal definition of branding and why it is a vital part of every institution, company, product and person.

Branding came about because of chaos. Historically, branding is an act of assertion of ownership. Kings, farmers, and landlords would need a way to identify which sheep belong to whom when they get mixed in a pasture, for example. So, to avoid confusion and conflict, a branding iron—usually a king or owner’s initial or insignia—is stamped on the hip of an animal as an identity of ownership.

Branding has evolved as the world has become increasingly noisy and saturated by many

things desperate for attention and patronage. Nowadays, branding is often an intricate process of making a business, entity, organization, person, or product occupy a space in the minds of the public. It involves ways of identifying and differentiating from competitors. Branding generally includes a slogan or essence, iconography, design, concepts, and claims that make a readily identifiable representation to the public.

At Design For Tomorrow (www. designfortomorrow.co), we distill these complexities into a point of clarity. We have been “Vision Articulators®,” and branding is everything we do for clients to have a distinct, differentiated identity.

Q. How did you first start your career as a branding expert? Please describe your journey until you reached your present position as founder and CEO of Design for Tomorrow. Please include challenges and opportunities.

Brands have fascinated me for as long as I can remember. In high school, I ripped pages of Time magazine, which featured ads for brands like Remy Martin, BMW, Kodak, and Philippine Airlines. However, it was a circuitous path for me, full of detours and digressions. Coming from humble beginnings, I majored in Medical Technology to please my parents, and I pursued creative work to please myself.

My early creative work involved the highly intoxicating print world - publishing, designing, art directing, and editing magazines. I also did concept development and art direction for advertising and marketing collaterals for various brands on the side. This kind of work is highly desirable because I get to be creative and exercise varied visions and ideas.

The last magazine I edited was Monday Magazine, a bimonthly magazine about corporate culture, consumerism, and urban professional lifestyles. We suspended publishing in 2010 when our publisher decided to re-channel his efforts and investments in another industry. We were suddenly out of jobs and had to do something real quick to pay our

rent and survive. That was the genesis of a maverick branding agency.

With two faulty laptops, a hurriedly put-together portfolio of layouts from Monday, and roughly P3,500 in my pockets, we started Design For Tomorrow in the dusty garage of a friend's small printing company.

We were hungry and despairing, and we had zero backing, but we had a vision of an anti-agency branding agency—that is, going against the ways of established creative goliaths in the country. We had to bootstrap everything, and we landed our first couple of clients, and with that bit of money, we invested in a small, cramped studio in one of the crappiest buildings in Ortigas Center. Securing a proper office was essential to establish our legitimacy as a creative studio. Today, we remain independent and choose only projects that align with our vision and values. Thank God, our autonomous practice found the right kind of clients from Tokyo to Tel Aviv, Melbourne to Munich, Lisbon to Yangon, Bangkok to Berlin, and most recently, Kuala Lumpur and Vienna.

Q. In your opinion, what are some of the best global “brands “that have succeeded and why are they successful?

Apple will be a top brand in terms of vision, innovation, engagement and consistency. It's unmistakable wherever it plants itself in the world. Hermes has maintained its covetability, mystique, and luxury positioning that's never compromised. CocaCola and Nike are global benchmarks of recognizability and the fine art of remaining true to themselves while evolving and adapting to the times—genuinely iconic brands.

Q. Could you name a few of your own clients whom you have helped with your expertise? Please describe what their individual experiences have been. Most of our complex projects are covered by non-disclosure agreements, but we have shaped the strategy, identity, and expressions of some of the country's most diversified conglomerates. Our portfolio of work ( https:// designfortomorrow.co/work/ ) is diverse and often complex, and it is always equally challenging and creatively rewarding. We worked with Meralco, Unilab, Ayala Land Premier, AC Energy (now ACEN), Alveo, ABS-CBN, Active TV, Bayad, and a growing portfolio of international brands like Founders Beauty (Singapore), Kind Kones (Kuala Lumpur, Singapore, Bangkok), and PropertyAccess (Tokyo).

Founders Beauty came to us after a frustrating series of initial consultations with various design agencies, during which the founder, Sonam Uttamchandani, felt a disconnection between her vision and the initial ideas presented. She discovered Design For Tomorrow while dining at La Picara, a well-known Spanish restaurant we branded in Fort Bonifacio. She was impressed by the consistency of the brand application and politely asked for our contact details.

“As an entrepreneur, launching Founders Beauty, and giving it an identity was extremely difficult for me to do all on my own. I remember it like it was yesterday, meeting with countless firms, explaining my vision, our mission as a brand and the goals I had, over and over and over again. It was an interesting process, entering each meeting with gusto and excitement and then leaving wondering if the firm I was meeting was right for us.” She disclosed in a testimonial.

“Then I met the team at Design For Tomorrow, which is exactly what I wanted, I wanted a brand of the future.” She added.

“True enough, as they always have from start to finish, the team have blown us away. They are the only branding firm who truly understood what we were going for. They were able to encapsulate what seemed to be impossible for me to do, into one vision, one icon, and yet somehow through that illustrate that Beauty truly knows no bounds at Founders Beauty. Their flair for the avant-garde, and zeal for creating the best is why they are able to truly design for tomorrow."

Her call led to one of the most rewarding collaborations we have ever had. She was so satisfied with the final output that she generously introduced us to the founders of Kind Kones in Kuala Lumpur, and our clients in Kuala Lumpur introduced us to a new client in Bangkok. These powerful imprimaturs by excellent collaborators have been the bedrock of DFT’s striving to get it right and deliver excellent work the first time.

Most recently, we successfully rebranded Buensalido+Architects into Barchan Architecture, driven by the vision of architect Jason Buensalido and his remarkable team and partners. A lushly crafted monograph celebrating 18 years of iconic projects by the firm became the milestone marker of the rebrand as well.

Q. Could you give us a few tips on how communications practitioners can learn or study branding formally so they can be

well versed in this area of your expertise?

Communication practitioners are the fundamental amplifiers of brands because they can intimately express a brand's story. From an abstract concept, communicators make brands come alive in people's minds by elaborating on a brand's essence and raison d'etre. Public relations experts have the innate skills to shape messaging and perceptions—all rudimentary necessities for good brands to be understood and create good equities and statures.

On top of my head, there are three things to be considered: n THE INCONVERTIBLE POWER OF AUTHENTICITY. Powerful brands like Apple are never compromised. Audiences, especially today’s generations, are very brand savvy. We must always ask our clients and communication partners: What fundamental truths about your brand can no one challenge? Building the brand around this essence lends it magnetic power. Besides, the influential and potent brands have it easy: all they have to do is stay true to their nature and stick to their guns.

n DON’T BORE ANYONE. Powerful brands have mastered the art of considered and enthralling brand expression. In the age of a constant barrage of noise, the most creative and expressive brands will rise above the clutter with the most engaging way of connecting with their loyal tribes.

n DIFFERENTIATE OR DIE. Suppose a brand cannot craft a way to communicate a distinct identity or be recognized amidst the sea of choices. In that case, it will become like everyone else, making navigating the cutthroat competitive landscape challenging. An equally powerful brand identity and communication execution will preserve a brand from the most tragic outcome: anonymity.

PR Matters is a roundtable column by members of the local chapter of the United Kingdom-based International Public Relations Association (Ipra), the world’s premiere association for senior communications professionals around the world. Joy Lumawig-Buensalido is the President and CEO of Buensalido PR and Communications. She was past Chairman of the IPRA Philippine chapter for two terms.

PR Matters is devoting a special column each month to answer our readers’ questions about public relations. Please send your questions or comments to askipraphil@ gmail.com.

B8

mirror_sports@yahoo.com.ph

Editor: Jun Lomibao

Bright future for Gilas reaped in Latvia stint

By Josef T. Ramos

COACH Tim Cone expressed pride in Gilas Pilipinas for an eye-opening experience in the International Basketball Federation (FIBA) Olympic Qualifying Tournament in Latvia and at the same time called on the squad to not be content with moral victories.

Everybody was proud of us, but hopefully that doesn’t get into our mindset,” Cone said after the Philippine men’s basketball team bowed out o f the battle for a spot in the Paris Olympics with a 60-71 loss to Brazil in the semifinals in Riga. We need to keep pushing and move forward, getting better.”

Philippine basketball fans celebrated Gilas’ splendid work against world No. 6 Lavia, the 89-80 victory the country’s first against a European national team in six decades, and rejoiced a s Cone masterfully steered the team to the semifinals even as it absorbed a 94-96 loss to No. 23 Georgia. The Filipinos looked on the way to another upset win against No. 12 Brazil and led 33-27 at the half before losing steam as Brazil took control, with former National Basketball Association player Marcelo Huertas scoring 11 of his 13 points in the second half. Cone noted that he would like to see the core of this squad intact for the next few years as the Philippines trains its sights on the 2027 FIBA Basketball

World Cup in Qatar, although he did not mention specifics.

Gilas main man Justin Brownlee would then be 39 and workhorse June Mar Fajardo 36, although Dwight Ramos would be in his prime at 28 and Kai Sotto 26.

The whole part of bringing a particular program together is the fact that we’re going to hope to keep these guys together over the next three to four years, trying to keep them together going into the next World Cup,” Cone said.

“ It’s a growth experience for us,” he explained. “It’s a now we know moment. We know now that we can compete, so how can we get that next step which is to win. We can get a little bit better than not just compete.”

“In this tournament where you are

Eritrea’s Girmay makes it 2 stage wins in Tour

OLOMBEY-LES-DEUX-

CEGLISES, France—Eritrea’s Biniam Girmay won a second stage at the Tour de France on Saturday when he edged a closing sprint to cement his status as the race›s fastest man.

Two-time Tour champion Tadej Pogacar kept the yellow jersey.

playing three games in four days, there are the things we will need to adjust to as it gets harder and harder every game.”

B rownlee averaged 23 points, 8.3 rebounds and 6.3 assists in the Olympic Qualifying, limited in the Brazil game with 15 points and eight rebounds after near triple-doubles against Latvia and Georgia.

Sotto, the 7-foot-3 big man who had 18 points and eight rebounds in the Latvia game, didn’t suit up against Brazil as he’s still recovering from a rib injury sustained in a collision against Orlando Magic’s Goga

LBy Tim Reynolds The Associated Press

AS VEGAS—He first played on the US Olympic team as a 19-year-old. He did it again in his 20s, twice. And now, a few months from turning 40, he’s back for one more run.

L eBron James didn’t need another Olympic experience to complete some missing box on his resume or add to a legacy that was secured long, long ago. He decided to play this summer for one simple reason—because he wants to.

Taking his first steps toward becoming the first US men’s basketball player to compete at the Olympics in three different decades, James hit the floor Saturday with the team that the Americans are sending to the Paris Games l ater this month. Training camp opened in Las Vegas, the start of a five-and-a-half-week quest where the only acceptable ending will be the US winning gold for a fifth consecutive time.

another first for the James family; the workout in Las Vegas was simultaneous to the Los Angeles Lakers’

Girmay, who became the first Black rider to win a Tour stage this week, timed his effort perfectly at the end of the long stretch of road leading to the finish of Stage 8. To win one stage is already unbelievable, and winning a second stage while wearing the green jersey even more so,” Girmay said. The tough false flat finish suited his style, and he made the most of it to beat Jasper Philipsen and Arnaud De Lie, extending his lead at the top of the rankings for the best sprinter’s green jersey. Today’s finish was perfect for me and I was super confident,” Girmay said. “I guess also then, the Tour de France being one of the hardest races in the world, once you win a stage you become aware that you are amongst the very best and that spurs you on.”

Gaulle. The former French President launched the French Resistance from a base in London and along with the Allies liberated France from the Nazis in 1944.

There was no major change in the general classification. Pogacar kept a 33-second lead over Remco Evenepoel, and two-time defending champion Jonas Vingegaard was in third place, lagging 1:15 behind.

The stage finished in Colombeyles-Deux-Eglises, the home and final resting place of the late Charles de

Time to flip script, Ateneo

I ALWAYS thought that the Ateneo basketball team was always reactionary. And by the time the school and team management takes action, there has been a period of losing until one cannot take it anymore.

A fter moving from the National Collegiate Athletic Association (NCAA) to the University Athletic Association of the Philippines (UAAP), the team’s early line-ups were mostly made up of intramural players and walk-ins. The result was a disaster with the team finishing in the lower tier if not at the bottom.

By the time the mid-80s team began challenging for the title, it was because the once-in-a-decade super team from the high school had come up along with some unexpected recruits and transferees.

L oyalty was a bigger word then. Like the Chuatico

The stage started with a highoctane pace as three riders— Neilson Powless, Stefan Bissegger, Jonas Abrahamsen—immediately jumped out of the peloton to open a 30-second gap at the front. AP

brothers Paul and Nonoy who went to a Jesuit high school, St. John’s Institute in their native Bacolod, and continued all the way to Ateneo de Manila.

Th at loyalty to the school was often tested. In the Ateneo’s first decade in the UAAP, it lost three Blue Eaglets to La Salle—Pio Morabe, Arnel Mañosca and Jay Gayoso who moved whether there were offers or one had a chance to go up to the national team that was then handled by the late Eduardo Cojuangco Jr.

Two titles and a chance to win two more, and everyone felt we still had what it takes...until the losing started again.

By the 1990s, the proliferation of Filipino-Americans began, Ateneo only got one—Vince Hizon who played for only one year, and would not get others until the program was installed in 1999.

W hen the African players became a weapon of choice if not a great equalizer, they did not get into it because they had that all-star guard and center tandem in Kiefer Ravena and Greg Slaughter to lead them to the Promised Land.

Then when it seemed that every other school had an African player, Ateneo finally bit.

I n this post-Covid landscape where many have seen their collegiate careers interrupted, tested transferees have guaranteed success. Ateneo, proud of building champions via the process, stood pat on its program albeit with even more Fil-foreigners.

T he new conundrum of Asian pro leagues opening their doors to local players has greatly changed the landscape. In these difficult times, can you blame people who are in a hurry to earn? They want that security for themselves and their families.

“I’m still playing a high level,” James, a three-time Olympic medalist—two golds and one bronze—said Saturday after the first workout. “I still love the game of basketball. And Team USA has done well by me, so I felt like it was important for this summer to be able to go out there and play with the rest of the guys.”

The first practice came on a day of

Coach Yee: The first name we want is Thea

THE Premier Volleyball League (PVL) will stage its milestone Rookie Draft on Monday night with ZUS Coffee—formerly Strong Group—owning the first pick from the 12-team field which will be presented with 47 aspirants who may or may not be suiting up for the upcoming Reinforced Conference which kicks off July 16.

T he Thunderbelles have already simplified the selection process for the other teams after head coach Jerry Yee confirmed that Thea Gagate, a middle blocker from Alas Pilipinas and De La Salle, will be their top overall pick barring any unforeseen issues.

“ I think we all agreed that the first name we wanted is Thea,” said Yee during the recent PVL Draft Combine. “So, I’m here to look at the 13th pick.” Capital1 will

Hence, perks as well as allowances and bonuses.

C an we all stop clinging to “amateurism?” That has long been dead. And since there are no rules about paying players, whatever the heck it is—it is legal.

I f an ordinary college student appears in a commercial or a film, will they not be paid? Some even during their college days do professional modeling? No, it is not apples and oranges.

Even in the American NCAA, a groundbreaking new law is ready to be implemented where schools can pay for their athletes as they have been making millions and millions off them for over a century.

So where am I leading?

Isn’t the school a beneficiary when there is athletic success? Winning means more students enroll. Winning means more merchandise is purchased.

Is winning everything?

O f course not, but a winning program sure does help in many ways.

Having said that, the Ateneo should really take a long and hard look into its programs. The last title team from the high school was the first time that many of its stars didn’t move up to the seniors. That team incidentally, was the first one where all of its stars were recruited.

So do not be surprised when they do not want to move up.

Isn’t college also preparing you for the future? They are securing what is best for their future.

A nd oh, the parents…they too play a huge role. They go to the Ateneo because they know it is a damn good school, but really, if they never matriculated there, they have no loyalty whatsoever. They only want what is best for their

sons, and what they can get out of it.

W hy does this happen a lot with the Ateneo players?

Because they are blue chip players not scrubs.

The people around the team should be aware of that. Of course, they will be targeted for poaching or pro hoops.

I n my opinion, the departure of many of the Ateneo Blue Eagles players even before their tour of duty is over is something that should be addressed by the school and team management.

No school has suffered these manpower losses more than Ateneo whether lured by professional basketball, unhappiness over playing time, or time lost from the Covid-19 lockdown.

I do know that non-delivery of promises and perks happens in other schools, but if you look around right now, how many have left outside RJ Abarrientos and Carl Tamayo? I wonder what it took for La Salle to keep Kevin Quiambao?

Yes, we do not need to worry about what other schools do, but it certainly will help understand the current climate.

It is entirely possible that it will be difficult for the new team to compete and win another title which are two wholly different things. It could possibly get worse before it gets any better.

Ateneo has and will always survive these upheavals when it comes to its basketball programs (I cannot speak for the other sports). But maybe it is time, they be more proactive than reactive. That way, you cut down on the disenchantment and discontinuation of the program.  A t the end of the day, it will be interesting to see how the school and its patron handle this. Everyone will be watching.

THE tough false flat finish suits Biniam Girmay’s style.

TIM CONE hopes to keep the core of the Philippine men’s basketball team intact.