BusinessMirror June 08, 2021 by BusinessMirror

SASO U.S. OPEN CHAMP

Yuka Saso captures the US Women’s Open—the first Filipino to win a golf major—at the Olympic Club in San Francisco on Sunday and on hand to celebrate with her are a horde of fans who live just up the road from Daly City—dubbed “Little Manila“ for its large population of Filipinos. Story on B8 photo courtesy lpga.com

RICE IMPORT VALUATION SPURS CUSTOMS CHECK

n Tuesday, June 8, 2021 Vol. 16 No. 237

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Residents of Parañaque City queue up for their turn to be vaccinated inside SM City Mall. The government launched on Monday (June 7, 2021) the vaccination of the A4 priority group or the country’s essential workers—the private sector workers required to be physically present in their workplace, employees in government agencies, informal sector workers and selfemployed persons who work outside their homes, and those working in private households. The initial phase targets 13 million workers, and eventually, 35.5 million. NONIE REYES

By Bernadette D. Nicolas

@BNicolasBM

HE Bureau of Customs (BOC) said it is looking into valuation issues on rice shipments from Vietnam after noticing that most of the imports were declared with values lower than the published prevailing prices for exports from that country.

In a Department of Finance Executive Committee (Execom) me e t i n g , C u s t om s C om m i s sioner Rey Leonardo B. Guerrero reported that the average value of rice imports, coming mostly from Vietnam, dropped 12.7 percent to P19,312 per metric ton in May 2021, compared to P22,119 per MT in the same month last year. The average value of rice in May was also lower than the P21,066 per MT recorded in April and P22,119

per MT in March. “We discovered that many of these importations are under a tentative assessment so we are reviewing the payments,” Guerrero said. Customs spokesman Assistant Commissioner Atty. Vincent Philip Maronilla also told the BusinessMirror on Monday that they are doing a transaction audit of the rice shipments from Vietnam from January to May this year. See “Rice import,” A2

Financing, red tape restrain Luzon power fix By Lenie Lectura

@llectura

NERGY experts on Monday said financing and the permitting process remain to be the biggest hindrances to achieving a comfortable power supply level in Luzon. Alberto R. Dalusung III, energy transition advisor of Institute of Climate and Sustainable Cities (ICSC), said during a forum that “a mix of supply and demand actions” is the answer to a possible power crisis that is likely to happen

in 2022 if no new capacity is added to the grid. Demand, he said, can be tweaked via load curtailment and own-use generation. Supply, on the other hand, is a different issue. “You can’t just replace a coal plant with another coal plant in a year so we need to think of solutions in terms of quick to deploy power plants. Solar is the quickest to deploy,” said Dalusung. The Department of Energ y (DOE), he said, has already issued 9,000 megawatts (MW) of service contracts in Luzon.

PESO exchange rates n US 47.8000

Solar option

Though solar is not available 24 hours a day, ICSC Senior Policy Advisor Atty. Pedro Maniego Jr. said these can address the 1,700 to 1,800 MW deficit in Luzon during peak hours, which is normally from 10 a.m. to 2 p.m. when solar plants produce higher generation. “If you have enough solar, they could be more than enough to augment the supply requirement during these times. Proponents are ready to build but the problem is funding. Our banks

will not give you loans unless they have the PSA [power supply agreement] and it is difficult to get that, especially when you are just a small renewable player,” said Maniego.

Bottlenecks

Financial Futures Center founder Sara Jane Ahmed stressed the need for the country to build more capacity. “It takes a long time to build and the reason for that is not [the] actual building of it, rather, it’s the process. See “Financing,” A2

WITH FUND BOOST VIA ‘MANDANAS,’ LGUS PREP FOR FULL DEVOLUTION By Jonathan L. Mayuga

@jonlmayuga

NTERIOR Secretary Eduardo M. Año said the full devolution of basic services and facilities from the national to the local government units will begin next year, simultaneous with the increased share of local government units in all national taxes and revenues, following President Duterte’s signing of Executive Order 138. “With EO 138, the long-cherished goal of LGUs to finally implement the full devolution of powers and resources mandated by the 1991 Local Government Code will happen under this administration. Under full devolution, many good things are coming our LGUs’ way and the public in general starting next year,” Año said a statement on Monday. Duterte’s EO, he said, will ensure that the policy of decentralization as enshrined in

the Constitution and the Local Government Code, as well as the increase in the LGU’s just share in national taxes, as provided for in the Mandanas-Garcia ruling of the Supreme Court, will be carried out systematically and smoothly. “We thank President Duterte for staying true to his commitment to local autonomy and full devolution through the signing of this EO. This will start the ball rolling and ensure that LGUs will be ready for bigger responsibilities that come with more financial resources. Dahil sa full devolution, ‘Aangat ang Lakas ng Lokal’ sa tulong ng ‘Dagdag na Pondo’ na magdudulot ng ‘Angat Serbisyo’ para sa mga mamamayan [Because of full devolution, the strength of LGUs will be increased with the help of more funds, which in turn will mean more services],” he said. Continued on A2

n japan 0.4367 n UK 67.6896 n HK 6.1621 n CHINA 7.4746 n singapore 36.0973 n australia 36.9733 n EU 58.1583 n SAUDI arabia 12.7460

Source: BSP (June 7, 2021)

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A2 Tuesday, June 8 , 2021

DOLE eyes raising to 10K deployment cap for HCWs

By Samuel P. Medenilla

@sam_medenilla

HE Department of Labor and Employment (DOLE) is now looking to double the deployment cap for health-care workers (HCW) to 10,000 this year.

Labor Secretary Silvestre H. Bello III disclosed this was a tentative figure they may recommend to the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) for consideration. “But this is still not final and

still under study,” Bello said in an online press briefing on Monday. He issued the statement after the Philippine Overseas Employment Administration (POEA) stopped the deployment of HCWs last week after the 5,000 deployment quota for deployed HCWs this year was

Rice import… Maronilla, who heads Customs’ Post-Clearance Audit Group, said they have already issued audit notification letters to 23 rice importers last month, adding that they expect to finish the transaction audit by July this year. He said they have already identified valuation issues on 68 million kilograms of rice imports from March to May.

Continued from A1

Despite this, Maronilla said they still cannot yet conclude that undervaluation was committed. But should the importers be found to have committed valuation issues, Maronilla said they may be held liable for technical smuggling, among others. “If we’re talking about value they may be playing with their invoices and if their declarations are un-

finally exhausted. In an SMS, POEA Administrator Bernard P. Olalia told the BusinessMirror the IATF has yet to issue a new policy with regard to increasing the deployment cap for HCWs. However, the temporary deployment suspension for HCWs does not cover those who are bound for the United Kingdom (UK). “On my recommendation, the IATF approved that it [UK] be exempted from that cap and this was approved by the President. So as far as UK is concerned, there is no limitation [in the deployment of HCWs],” Bello said. The labor chief said the German government is also currently seeking a similar exemption so it could continue hiring more Filipino HCWs.

“There is a pending application for Germany to be exempted from the deployment cap and we are studying it,” Bello said. He noted that prior to the deployment cap, Germany was hiring 15,000 HCWs under its Triple Win Project, which is a government-togovernment hiring arrangement. DOLE said the issues regarding the deployment of HCWs may be discussed during the IATF meeting on Thursday. Aside from UK and Germany, Bello said no other country sought exemption from the deployment cap, which was imposed by the POEA in January to ensure the country will have a sufficient pool of HCWs for its Covid-19 response.

truthful, they are liable under the Customs Modernization and Tariff Act of the Philippines and they could be held liable for technical smuggling and also falsification and a lot of other customs fraud violations,” he said in a phone interview. Maronilla also said valuation issues from these rice shipments may have contributed to lower rice tariff collection, especially from March to May. Latest preliminary data obtained by the BusinessMirror showed the Customs bureau col-

lected P7.32 billion in rice tariffs from January to May, down by 8.1 percent from P7.97 billion in the same period last year. Rice import volume from January to May this year also fell by 16.2 percent to 1.049 million MT from 1.25 million MT. For the month of May alone, BOC only collected P1.65 billion in rice tariffs, plunging by 34 percent from P2.5 billion in the same month last year. Rice import volume in May this year also declined by 33.2 percent to 245,033.78 MT from last year’s P336,552.23 MT. This was the third consecutive month that both the rice import volume and rice tariff collection dropped.

Dominguez to BOC: Watch shipments

In the same Execom meeting, Finance Secretary Carlos G. Dominguez III directed the BOC to tighten its watch on incoming rice shipments to ensure proper collection of taxes following President Duterte’s issuance of Executive Order (EO) 135 slashing the tariff rates on rice imports to a uniform 35 percent for a period of one year, regardless of whether these came from within or outside the Association of Southeast Asian Nations (Asean) region. Economic managers have earlier said the issuance of the EO was aimed at diversifying the country’s market sources for rice and maintaining the stable supply and affordable price of the staple. “I think there will be a shift in the imports of Thai and Vietnamese rice, and Burmese [Myanmar] rice, to rice from other countries where the value is much lower. Just keep an eye on that,” Dominguez told Guerrero during the meeting. In September last year, the BOC subjected several rice imports to “post-modification and post audit” to ensure that undervalued shipments are properly assessed and subsequently paid with the correct amount of duties and taxes. At the height of the strict quarantines imposed last year because of the Covid-19 pandemic, the BOC allowed traders to avail themselves of the Provisional Goods Declaration in processing their shipments to help ensure the stable supply of rice in the market. However, the BOC later found out the valuation of several rice shipments with provisional goods declaration to be low compared to the prevailing market prices, prompting the bureau to conduct a post-audit on these imports.

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WITH FUND BOOST VIA ‘MANDANAS,’ LGUS PREP FOR FULL DEVOLUTION Continued from A1

Año recalled that in Mandanas et al. v. Executive Secretary et al., the Supreme Court held that all collections of national taxes, except those accruing to special purpose funds and special allotments for the utilization and development of the national wealth, should be included in the computation of the base of the just share of the LGUs. In 1991, the Local Government Code mandated the devolution of basic services to LGUs. This was anchored on the premise that LGUs are in a better position to address the needs of their constituents and can therefore deliver better services. However, full devolution was never achieved because the funds necessary to implement full devolution were never fully downloaded to LGUs. The DILG chief said that EO 138 is a leap towards the provision of a more responsive and accountable local government structure instituted through a system of decentralization, whereby local government units shall be given more powers, authority, responsibilities, and the corresponding financial resources. “Provinces, cities, and 1st to 3rd class municipalities who have more capacity will enjoy more autonomy

in managing their resources. The DILG will then focus and assist 4th to 6th class municipalities so they will be better equipped to carry out the additional functions and services devolved to them,” he said. According to Año, a Committee on Devolution (ComDev) will also be created to oversee and monitor the implementation of administrative and fiscal decentralization goals of the EO; resolve issues and concerns that may arise in the implementation of the EO; ensure the elimination of any regulatory or fiscal controls on the automatic release of LGU shares; and adopt mechanisms to ensure the continuous delivery of public services by the national government agencies and LGUs, among others. The DILG secretary will serve as cochairman of the ComDev together with the Secretary of the Department of Budget and Management (DBM). Among the committee members are the Socioeconomic Planning Secretary, the Secretary of Finance, the Executive Secretary, and the Presidents of the Leagues of Provinces, Cities and Municipalities of the Philippines, the Liga ng mga Barangay ng Pilipinas, and the Union of Local Authorities of the Philippines.

Financing… So, DOE is attempting to address this. Next bottleneck is with ERC [Energy Regulatory Commission]. It’s taking a long time to approve the PSAs.” Ahmed said tpower project proponents could opt to sell their output in the spot market in the absence of a PSA. “We have WESM [wholesale electricity spot market] where you can sell power to and we have power supply issues and if you look at how long it takes to approve a PSA, it’s likely that our installations will continue to be delayed in the foreseeable future unless something drastically changes with the regulators,” Ahmed added. This, she added, “is where the banks can come in, the investments can come in and set up merchant power plants to deal with this scenario.” Merchant plants are power plants that sell their output to the WESM.

ERC task force

Meanwhile, ERC said Monday the task force it recently created is conducting a study on the power plant outages and resulting high prices in the WESM. T h e Ta s k Fo r c e h a s a l ready ident if ied t he generation plants that will be prioritized for the conduct of technical inspection to verify the outages, including, but not limited to, the actions undertaken by the power plants to get back on line. Also, the ongoing study focuses on analyzing the hourly market data and correlating different factors in the WESM by assessing the strong determinants of the increase in prices leading to the imposition of the Secondary Price Cap (SPC); ident if y ing t he contr ibutors to

SC…

Continued from A1

the unutilized capacities in the market; determining the supply-demand factors leading to t he d iminishing supply margin; identifying the compliance of the plants to their outage reportorial compliance and the ir reliability indices; and identifying the trading pattern in the market. With the impostion of the SPC, which is meant to mitigate sustained high prices in the WESM, average prices from May 4 to May 31, 2021 were recorded at P7,841/MWh. Without the SPC, this could have been P11,263/MWh or 44 percent higher. “We have been monitoring the activities of the Generation Companies, especially those that und e r w e nt u n p l a n n e d o ut a g es, that caused the thinning of power supply in the Luzon Grid. T h i s w a s a g g r a v at e d b y the increased demand for electricity due to warmer temperatures. As a consequence, there has been sustained high prices in the WESM,” said ERC Chairman Agnes VST Devanadera. ERC sent notices of non-compliance to generation companies to explain the incurred cumulative unplanned outages beyond the maximum allowable unplanned outage days for the year 2021. Likewise, the ERC has identified generation companies that did not comply with reporting requirements. Out of the 2,083 incidents on unplanned outages during January to April 2021, 1,288 incidents were reported. On the other hand, for the 236 incidents on the planned outages, 220 were reported. The ERC will be issuing Show Cause Orders to the power firms that did not comply with its reporting requirements.

Continued from A10

It noted that the complaintaffidavit of Jimenez, as well as the documents from the Hong Kong authorities and Swiss banks cannot be given probative weight because the affiant and the signatories therein were not presented as witnesses and they were not able to testify on the contents of the said documents. “The testimonies of prosecution witnesses are hearsay evidence be-

cause of their admission that they do not have personal knowledge of the contents of the documents they testified on,” the Court declared. “Hence, the Sandiganbayan did not err in refusing to give probative value to these documentary and testimonial evidence presented by the prosecution, albeit having been previously admitted, leading to the dismissal of the case based on the demurrer to evidence,” it added.

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Editor: Vittorio V. Vitug • Tuesday, June 8, 2021 A3

Bacordo: Pandemic impairs Navy’s modernization plans

By Rene Acosta

@reneacostaBM

HE Covid-19 pandemic has severely affected the Philippine Navy’s capability upgrade program by pushing back both the delivery and signing of contracts for most of the Navy’s biggest projects. These include its much-hyped submarine acquisition program, supposed to be the pinnacle of its transition to a modern navy. The pandemic had stalled if not pushed back the delivery and acquisition of the Navy’s primary platforms, including the procurement of two submarines where a fund of P70 billion has been eyed, including for instrument landing systems and basing support, according Navy chief Vice Admiral Giovanni Carlo Bacordo. “I was expecting that the signing of the contract would have been done this second semester of 2021 or at the latest, first semester of 2022. That would have been the timeline for this submarine acquisition project. But because of Covid-19, so much of our funds have been devoted to the government’s Covid-19 response,” he said.

While he did not name the country from which the submarines are being eyed to be sourced, he identified Turkey, France, South Korea, India and even Singapore as among those who have expressed their interest to supply these, although Defense Secretary Delfin Lorenzana earlier said that they were keen on acquiring the French-made Maestrale class. Presiding over his last media conference with military reporters, the outgoing Navy chief said that the pandemic has also delayed the delivery of the last two of the South Korean-made brand-new frigate, which arrived and commissioned into service this year instead of the last quarter of last year. “Also, the nine fast attack in-

terdiction craft vessels; the first of the nine should have arrived by the fourth quarter of 2020, now the first will be arriving first quarter of 2022,” Bacordo said, adding “our offshore patrol vessel project; the six offshore patrol vessels, we have projected to have the first of the six delivered by 2021, right now, no contract signing to date.” “The two corvettes, the same story,” the Navy chief said, noting that the Navy has projected to have one of the two corvettes delivered by 2022, “but right now, there is no contract signing.” “We were not able to program Covid in 2020, it was unexpected and then, for me the biggest blow, was to our modernization efforts,” Bacordo said. Meanwhile, the Navy is also interested in acquiring at least five Cyclone-class patrol boats that have been decommissioned by the United States Navy, and which it was looking at deploying in the West Philippine Sea so that other vessels could be sent in the other maritime areas of the country, like in the north. “We are assessing how we can acquire those vessels,” Bacordo said, adding that a technical working group is ready and is working with the US for a “joint visual inspection” of the vessels. The US has originally offered the Philippine Navy 15 units of the Cyclone-class vessels. The Navy’s BRP General Mariano Alvarez is the only Cyclone-class ship in its inventory.

Bacordo said that the Navy is also looking at acquiring TC-12 Huron aircraft from the US for a variety of missions, including ISR operations and troop transport. Relatedly, Bacordo said that he has already signed the “term sheet” for the Navy’s acquisition of close to 100 hectares of land located in the northern yard of the former ship building facility of Hanjin in Subic. “The next phase is already the terms of reference. All the details, the payment details, the stay of the Navy, for how long…all of these will be in the terms of reference,” he said. The acquisition of a portion of the facility will allow the Navy to dock its big and newly acquired assets, which have never seen berthing yet because of the absence of basing support facilities. “We are looking forward to move in this Hanjin facility because as I said earlier, all of our Del Pilar-class patrol vessels, all of our Tarlac-class landing docks, our Conrado-class corvette and our Jose Rizal-class frigate…have not docked in any Navy facility since they arrived in the country. So with this Hanjin, it may be the first time that they will be docking in a Navy facility,” Bacordo said.

Changes

BACORDO also said that the Navy is no longer the force of yesteryears with “legacy vessels” and a “legacy mindset.” Recalling the day he joined the

force, he said all of the floating assets of the Navy are considered vintage and as such, the mindset of the sailors are also outmoded. “Most of the vessels that we see now are modern,” he said, noting that at least 24 legacy ships have been decommissioned, with four still left and are on the way to the junkyard. Beyond the acquisition of modern ships, which he continued from his predecessors, Bacordo, however, took pride in overhauling the whole Navy in his desire to make it at par with other navies. One the area which he improved is on system communication wherein dispatches and reports from the ranks are already reaching him on a daytime notice, unlike before that they take days and even a week to reach the commander. “Just this year, we have incorporated [the process] electronically. Now it can reach me one day,” he said, saying that until 2017, if a report needs 10 signatories, it also needs 10 days before it would reach the chief of the Navy. The naval operation concept, which the Navy had instituted under his leadership would make the job of the command and his succeeding leaderships easier to navigate as they pursue the Navy’s goal for a credible defense posture. All assets that the Navy would need as a force, including the type of platforms and the “type of capabilities” have been identified and prepared, according to Bacordo.

A “synchronization matrix” has also been put up and developed involving the Navy’s doctrine, its personnel, materiel, logistics and basing. Bacordo noted that while the Navy has acquired brand new and bigger vessels, these platforms have never been docked in any Navy facility because of the lack of basing facilities. A missile storage facility for the armament of the fast attack interdiction craft that it will be acquiring from Israel has been drawn. The Navy has also moved for the development of forward operating bases which it can use for its detection, prosecution and interdiction operations anywhere in the country’s maritime waters, without exhausting its vessels. Under Bacordo, a UAV squadron has been organized which will man and operate the Navy’s unmanned aerial systems, which would be deployed aboard Navy ships, thus extending 10 times the reach of these vessels. Since the command is in the middle of modernizing, the Navy chief has re-indoctrinated the sailors and Marines against their legacy doctrine where training are being undertaken and pushed for them to handle their new assets and equipment. Bacordo has implemented the “field specialization” program, which no longer require every Navy personnel to board ship, instead of further honing their skills and specializing in their current roles.

A4 Tuesday, June 8, 2021

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Economy BusinessMirror

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Govt seeks to loosen mobility curbs for fully-vaccinated Pinoys–DTI chief T

HE Covid-19 Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) and the private sector are mulling over new policies allowing further mobility on the part of the fully-vaccinated population as the economy paves its path toward recovery, the Department of Trade and Industry (DTI) said. During the ceremonial vaccination for economic frontliners (A4) on Monday, Trade Secretary Ramon Lopez said that as the country rolls out its vaccination program, the economy should be reopened further moving forward. As such, he pointed out that the vaccinated Filipinos should be given “benefits” by easing mobility restrictions for them. “’Yung mga nabakunahan sana may maramdaman din silang benepisyo [Those who got vaccinated should receive some benefits]. What do I mean? So ’yung mga bawal ngayon, sana payagan na [The restrictions will hopefully be lifted for the vaccinated],” he explained. For example, the senior citizens who received two Covid-19 doses should be allowed to go out after a

month, he said. “They will have to show vaccine card or paper given by the LGU [local government unit],” Lopez told reporters. “And being worked out now by DICT [Department of Information and Communications Technology] is a digital app or card for vaccinated.” This proposal bears resemblance to the suggestion raised by the Restaurant Owners of the Philippines (RestoPH). Eric Teng, RestoPH president, asked government officials at a Senate hearing last month to allow additional 20-percent indoor dine-in capacity for the vaccinated population. This would allow vaccinated senior citizens to go to restaurants, he explained. “In terms of the domestic travel or foreign travel, [if] vaccinated... we can have shorter quarantine,” Lopez added. The trade chief explained that some investors are discouraged to visit the Philippines because of the long quarantine period. Lopez welcomed the start of the vaccination of A4 category, which includes private, government, self-employed and informal workers. Tyrone Jasper C. Piad

Editor: Vittorio V. Vitug • Tuesday, June 8, 2021 A5

Good news–and their consequences!

By Henry J. Schumacher

S I have mentioned in previous columns, I hate bad news and am unwilling to focus on them. I am reading about 8 newspapers in the morning, local and international, hunting for good news. Of course, we all want to get rid of the virus that has killed many people around the world and is destroying many businesses and economies. Look at the good news I have collected during the last few days: Moderna Inc., one of the leaders among US companies developing experimental vaccines against the coronavirus, entered a pact with Lonza Group AG aimed at manufacturing 1 billion doses a year. The companies announced a global agreement under which the Swiss chemical and pharmaceutical company will ramp up output of the proposed vaccine, which is based on a novel technology that relies

on genetic material called mRNA. They expect the first batches to be produced in the US in July. If Moderna and Lonza reach their target of 1 billion doses a year, that would be enough for more than one eighth of the world’s population. This agreement is one of several partnerships being struck between drugmakers as they rush to bring protection against Covid-19 to the market. On Thursday, AstraZeneca Plc announced an agreement to make an experimental coronavirus vaccine developedbythe UniversityofOxford, eyeingproductioncapacityfor100million doses by the end of the year. A partnership between Sanofi and GlaxoSmithKline announced last month brought together a pair of pharmaceutical giants with manufacturing might. Sanofi will test its experimental coronavirus vaccine with Glaxo supplying so-called adjuvants, additional ingredients that improve efficacy and make it easier to produce shots in larger quantities. Pfizer aims to make 10 million to 20 million doses of a coronavirus vaccine it is developing with Germany’s BioNtech by the end of 2020 for emergency use should it pass tests, the US drugmaker’s head of vaccines said last Thursday. Japanese biotech company Takara Bio plans to mass produce novel coronavirus vaccinations as early as this year. If Japan’s health ministry approves a production and sales license this fall, the company would be ready to supply vaccines to 200,000 people this year.

Gilead Sciences Inc.’s antiviral drug remdesivir was cleared by US regulators for emergency use in Covid-19 patients, becoming the first medication backed by early clinical data to be made available to fight the novel coronavirus. Gilead is donating 1.5 million doses of remdesivir, its entire current supply, as it continues to seek full US Food and Drug Administration (FDA) approval and clearance from regulators around the world. That would cover 140,000 patients based on a 10-day treatment cycle. Gilead didn’t comment on what it plans to charge for the medication once the 1.5 million doses have been exhausted. The company is building a consortium of chemical and pharmaceutical companies to help produce it worldwide. There are many other good stories regarding vaccines reaching test stage. Why did I choose these? Three important issues are being brought up: 1.) With billions of treatments needed quickly after the products get the needed official approvals, how will you get them rapidly produced and orderly and fairly distributed; and 2.) The winning companies will be caught between making a profit and treating the world: and then there is a big third issue: 3.) The Philippines will want to be among the early countries to get the vaccine or the medicine. Who will negotiate and buy it? The Department of Health? Who will see to it that the local FDA approves the vaccine or the medicine without

delay? Who will be involved in the logistics of distributing 100 million doses and oversee that everybody gets it? How will the pricing be arranged, from arrival in the country to the patient application? In my view, the Philippines will have to deal with this already now. An interagency team with the involvement of the private sector (pharmaceutical industry, logistics experts, retailers) has to be formed to deal with these issues and see to it that the whole process is efficient. Bear in mind that refrigerated and frozen vaccines must maintain their optimal temperature values to preserve their potency throughout the national distribution process. While a vaccine is a crucial part of the exit strategy, the world lacks a global system for managing distribution in a crisis. It’s important a vaccine is available equitably and equally everywhere. That’s the reason why such an interagency team is needed here so that the whole process is transparent, fair and done with integrity. The detailed plan must be in place long before the first shipment arrives. You want one more good news? The US FDA has cleared for emergency use an antibody test from diagnostics giant Roche Holding AG, the company said Sunday, a move that could add significant capacity to efforts to determine the wider spread of Covid-19. Let me have your feedback; e-mail me at Schumacher@eitsc.com

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Tuesday, June 8, 2021

Govt expects Covid-19 jabs to breach 6-M mark in June

By Samuel P. Medenilla

@sam_medenilla

HE number of Filipinos who received Covid-19 vaccines is expected to breach the 6 million mark this month after the government started the inoculation of economic frontliners last Monday. As of June 6, Chief implementer of the government's national policy on Covid-19 Carlito G. Galvez Jr. said 5.97 million have been given their Covid-19 jabs. Of the figure, 1.6 million are from the National Capital Region (NCR).

Ga lvez sa id v acc i n at ion slowed down last week due to the delays in the delivery of Covid-19 vaccines procured by the government. He expressed confidence that the number of vaccinated individuals will rise in the

coming weeks following the arrival of an additional 1 million doses of the Covid-19 vaccine of Sinovac Biotech, Coronavac, last Sunday. The said doses will be given not only to senior citizens and those with comorbidities but also to economic frontliners. On Monday, the government held the symbolic vaccination of those belonging to the A4 priority sector, which includes economic frontliners and essential workers. T he Nationa l Economic and Development Authority estimated there are 35.5 million workers in the A4 category. These include workers in the private, government,

a nd infor ma l sector, who physica l ly repor t to their workplaces or are deployed in field work. Galvez said the government will prioritize the vaccination of workers in the NC R , Met ro Cebu , Met ro Davao, Bulacan, Cavite, Laguna, Pampanga, and Rizal, which have the high cases of infections. He said the expected arrival of over 10 million additional doses this month and 15 million doses in August will boost the government's vaccination drive. T he government is targeting to inoculate 50 to 70 million Filipinos by the end of the year.

OFWs get access to housing, skills, jobs

V ER SE A S Fi lipino workers (OFW) will be granted access to affordable housing, skills training, and job opportunities under three new agreements signed by the Department of Labor and Employment (DOLE) with other government agencies on Monday. One of the accords is with the National Housing Authority (NHA) and the Overseas Workers Welfare Administration

(Owwa), which allows OFWs to secure socialized and lowcost housing program. DOLE also forged a partnership with the National Commission on Muslim Filipinos to review and enhance the OWWA manual on Culture Familiarization and Language Training for Household Service Workers bound for the Middle East. The improved manual is expected to help OFWs cope with their working conditions in Arab

countries. DOLE earlier inked a similar accord with Owwa and the Department of Transportation (DOTr) to provide employment opportunities to displaced OFWs in transportation-related projects under the government's Build, Build, Build infrastructure program. The three agreements were signed by Labor and Employment Secretary Silvestre H. Bello III on Monday during

the celebration of the Migrant Worker's Day to provide new programs beneficial to OFWs. "With the leadership of President Duterte, this is our gift to our beloved OFWs," Bello said in his online speech addressing migrant stakeholders. "You can be rest assured we will find more ways to ensure a safer employment for you [OFWs] and a productive repatriation," he added. Samuel P. Medenilla

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A4 economic frontliners told: Get those jabs ASAP By Claudeth Mocon-Ciriaco Correspondent

EALTH Secretar y Francisco T. Duque III urged economic frontliners belonging A4 priority group to get themselves inoculated against Covid-19 as the rollout for the vaccination of some 35 million workers officially started on Monday. Duque also administered the vaccine to some people who were given slots. Among those under A4 category who got their first dose of Covid-19 vaccine at Giga Vaccination Center at The Galleon within the SM Mall of Asia Complex in Pasay City included: fast-food workers, truck drivers, Kapuso celebrity couple Iya Villania and Drew Arellano, and a journalist. In an online media forum, Health Undersecretary Maria Rosario Vergeire said the Department of Health (DOH) is recommending that the A4 category should be “stratified according to age” by local government units and private sector, “....so that it is aligned to the vulnerability or risk that we’re facing now with Covid-19.” Vergeire also noted a limited supply of Covid vaccines. Meanwhile, Pasay City Mayor Emi Calixto-Rubiano, in her speech, reiterated her call to support the government’s vaccination program while also highlighting its significance. “The vaccination of those from the A4 sector is significant because they make up the backbone of the economy,” Rubiano said. Rubiano added that the start of the vaccination of the A4 group would mean, “We are fighting the virus head-on, and it also means the government under President Rodrigo Roa Duterte is committed to defeat the scourge.” According to the mayor, “so the mes-

sage to the private sector is, get vaccinated immediately because vaccination will save your life.” Government officials present during the ceremonial vaccination were Presidential Spokesman Secretary Harry Roque, Trade Secretary Ramon Lopez and Labor Secretary Silvestre H. Bello III and some of the country’s business leaders, including Hans Sy of SM Group and Fernando Zobel de Ayala of Ayala Mall. Those under the A4 category are workers who are physically required to go on site for their job, whether they are from the government, private, informal and even household sector. For his part, National Task Force against Covid-19 and vaccine czar Secretary Carlito Galvez Jr. said that at least 10 million doses of Sinovac, AstraZeneca, Pfizer-BioNTech, and Sputnik V vaccines are due to arrive in the country within the month.

Vaccine rollout

As of 6 p.m. of June 6, 2021, the DOH said a total of 1,544,332 people have been given full protection by the Covid-19 vaccines. Of the 5,965,651 doses that were administered, 4,421,319 are first doses, and 1,544,332 are second doses. The total doses administered in the 14th week of national vaccination reached 788,350 doses. The government is urging eligible populations belonging to priority groups A1 to A3 to register, get vaccinated and complete the required number of doses as scheduled. The vaccinated population is also urged to continue practicing minimum public health standards, as even those who are fully vaccinated may still get infected with Covid-19 and infect other people.

Hungry for pork, chicken? Try us, Hungary tells PHL Continued from A10

Historical Bureau of Animal Industry (BAI) data obtained and analyzed by the BusinessMirror showed that the last time Hungary exported meat products to the Philippines was in 2019, with a total volume of 158.74 metric tons (MT) of chicken cuts. Industry sources also told the BusinessMirror that to date there are no accredited Hungarian meat exporters to the Philippines. Industry sources added that an ac-

‘PHL CHARTER EQUITY CURBS HINDER TRADE IN DIGITAL PRODUCTS’ Continued from A10

Earlier, a joint report released by the Asian Development Bank (ADB), United Nations Economic and Social Commission for Asia and the Pacific (Escap), and United Nations Development Programme (UNDP) said digital technologies can help Southeast Asian countries fast-track their attainment of the Sustainable Development Goals (SDGs). United Nations Undersecretary-General and Escap Executive Secretary Armida Salsiah Alisjahbana said efforts to recover from the pandemic need digital technology and mainstreaming data, among others. The report noted that digital capacities in many parts of the region are low. The Philippines and Lao PDR have a big gap in the share of adults with bank accounts between the top 60 percent and the bottom 40 percent of the income distribution. Internet use is also lower among those in the bottom 40 percent of the population in the region. In the Philippines, Filipinos over 35 years old are the least connected; while in Lao PDR, Internet connection is also affected by gender.

creditation of Hungarian exporters would expand the meat processing industry’s limited supplier pool and somehow help ease the shortage in imported raw materials like mechanically deboned meat of chicken. DA documents showed that the temporary blanket poultry import ban slapped on Hungary in January 2020 was lifted in December last year. However, in January of this year, the DA imposed a temporary import ban on poultry products coming from Kerekegyháza, Bács-Kiskun, and Hungary. The data also showed that in Indonesia, Lao PDR and Vietnam, among other countries, lower education levels are associated with low Internet use. The report noted that while digitization of wage payments in the Philippines is progressing, there is still an “ample scope for greater inclusion.” ADB said the report highlighted inequalities and vulnerabilities in the region that have amplified the impact of the pandemic, especially among the poorest, women, and socially excluded groups. The report, ADB said, noted the risk that some parts of the region could recover faster than others, and further deepen inequality between countries. Rapid digitalization, ADB said, reduced the impact of the pandemic for some people in many countries, but digital divides may worsen the exclusion of vulnerable groups. However, policy-makers and the private sector should work together to ensure that digitalization creates opportunities for all, and enables progress on the SDGs. Reg iona l cooperation can ma ke digital technology more affordable by enabling quality infrastructure and cross-border connectivity. The report said regional cooperation efforts should focus also on peoplecentered development, sustainability, and climate change, to address environmental vulnerabilities that have compounded the pandemic’s health and socioeconomic.

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Tuesday, June 8, 2021 A7

Govt nurses’ win in ‘demotion’ case hailed, DBM will comply

By Bernadette D. Nicolas @BNicolasBM & Butch Fernandez @butchfBM

HE Department of Budget and Management (DBM) said it will promptly heed the decision of the Office of the President (OP) to upgrade the salary grade of Nurse II from Salary Grade (SG) 15 to SG 16 and to retain the position titles of Nurse III to Nurse VII with their corresponding SGs.

The DBM issued the statement a day after Filipino Nurses United (FNU) hailed OP’s directive that overturned DBM’s Budget Circular 2020-04, which FNU said “effectively demoted” senior government nurses from their present ranks while nurses in Nurse II positions will even have a salary upgrade to Salary Grade 16. Meanwhile, Sens. Richard J. Gordon and Joel Villanueva hailed the OP’s reversal of the DBM, but also proposed the next steps to redress the “injustice” done to the nurses. In a statement, the DBM said it is currently crafting the procedural guidelines to implement the OP’s decision and to ensure that the same will be implemented in line with the existing rules and regulations. “Consultations with the Department of Health [DOH] and the OP are also scheduled by the DBM to ensure the availability of funds for the purpose,” it said. “Rest assured that the DBM will promptly act to implement this decision as soon as pertinent details on

procedures and funding are settled with the DOH and the OP,” it added. The DBM also clarified that it did not intend to deceive the nurses. “The DBM wishes to clarify that it is not its intention to deceive our nurses as we have been consistent in saying that absent of any legal basis to effect the upgrading of the salary grade of the Nurse II position, the provisions of Budget Circular 2020-4 will continue to take effect consistent with the decision of the Supreme Court in Ang NARS Partylist, et. al. vs. the Executive Secretary, et. al [G.R. 215746],” it said. With the OP’s decision, FNU said on Sunday that thousands of government nurses will no longer be demoted. However, FNU still decried the exclusion from the salary upgrade of government nurses hired under “job order” or “contract of service,” noting that these people also perform the same crucial nursing tasks. The DBM issued Budget Circular 2020-4 in July 2020 for the implementation of Section 32 of RA 9173,

setting the minimum monthly base pay of nurses in public hospitals to Salary Grade 15 amounting to P32,053 to P34,801. In October 2019, the Supreme Court upheld the validity of RA 9173 in favor of Ang Nars Party-list, challenging the validity of the congressional resolution and President Gloria Macapagal Arroyo’s Executive Order 811, which reduced the legislated minimum pay from SG 15 to SG 11.

Gordon: Important to public health

IN a statement on Monday, Gordon cited the prompt action of the Duterte administration on the matter, saying: “We welcome this decision by Malacañang and we are glad that finally, our hardworking nurses will get higher salaries. It is just right that they are compensated well as their role is very important to public health, especially during this time of pandemic.” The senator had been pressing for remedial legislation to improve the nurses’ lot, recalling that on July 17, 2020, he filed a bill amending Republic Act 9173, or The Philippine Nursing Act of 2002, to “provide a new comprehensive policy for Filipino nurses that will give them opportunities to advance themselves in the nursing field while they serve the country’s growing needs for healthcare professionals.” Under the law, the minimum base pay for nurses working in the government hospitals and health institutions should start at Salary Grade (SG) 15 or P31,545 per month. It further provides that “once the nurses graduate and become licensed, they should have the option to be hired by government at a just pay and dispatched to places in the country

where they are needed the most.” Gordon noted that “for a long time, they have been clamoring for the adjustment of their remunerations. They are given low paying jobs with no benefits, and hospitals have taken advantage of this system in a way that these hospitals become stepping stones for nurses to work abroad.” The senator suggested that “by providing nurses with just salaries and benefits, we are not just giving them justice, but our people in need of better health care, as well.”

Villanueva: Next step

SEN. Villanueva, while thankful, is pressing the Duterte government to take the next step in rewarding nurses and other health-care workers for their pandemic service by granting them long delayed “step increases” in pay. Villanueva pointed out that under the government sector pay scale, “a salary grade (SG) has “eight steps,” which means employees can remain in the same SG but can enjoy a pay hike if they move up the steps.” He noted that entry level position of nurses to the public sector is SG 16, whose Step 1 monthly pay is P36,628, but this goes up to P37,891 in Step 4, and P39,650 in Step 8. To illustrate, Villanueva explained that three nurses on paper may all hold an SG 21 item, but have the following differences in pay: Step I, P60,901; Step IV, P63,777 and Step VIII, P67,837.

Defensor: Backpay merited

ANAKALUSUGAN Rep. Mike Defensor, in a news statement, for his part said thousands of government nurses "demoted" by the DBM last year are entitled to receive backpay for at least one year or a minimum of P36,000 each.

Oil firms hike fuel pump prices for second consecutive week By Lenie Lectura

@llectura

RICES of petroleum products are going up this week. Oil firms on Monday announced an increase of P0.20 per liter for gasoline prices, P0.55

per liter for diesel and P0.60 per liter for kerosene. According to Seaoil, Phoenix Petroleum, PTT Philippines, Pilipinas Shell and Caltex, they will adjust their pump prices at 6 a.m. of Tuesday, June 8.

Cleanfuel, on the other hand, will increase its petroleum products at 4:01 p.m. Other oil firms will announce their price increase soon. Last week, they raised gasoline prices by P0.80 per liter, diesel by

IPOPHL chief vows to boost Philippine copyright system By Tyrone Jasper C. Piad @TyronePiad

HE Intellectual Property Office of the Philippines (IPOPHL) has vowed to strengthen the local copyright system to accelerate the recovery of the creative sector, which is among the agency’s priority industries. IPOPHL Director General Rowel S. Barba, at an event on Monday, highlighted the importance of assisting the creative industry given its potential economic contribution. “By augmenting efforts to increase the sector’s appreciation of the copyright system, we can direct our creatives in a path of growth,” Barba said. “Scaling up copyright appreciation in the country is very urgent today given that the creative economy was hit the hardest from this pandemic’s quarantine. The urgency of the creative economy’s recovery is also due to its potential contribution to our economy,” he continued. With this, Barba stressed the IP agency’s “aggressive” stance against piracy in the creative sector. IPOPHL signed a partnership with Asia Video Industry Association in April to curb piracy in the creative industry. It also teamed up with several Internet service providers to streamline mechanisms in blocking pirated web sites. “We will promote efficient royalty collections and we will help local creative economy players attain greater control over their works and save them from being entrapped to restrictive, one-sided contracts,” he added.

Meanwhile, IPOPHL Deputy Director General Nelson P. Laluces said that securing copyright allows creators to earn a return from their published works. Laluces added that the sector’s recovery hinges on wider integration of copyright protection of the creators in their business. “With the protection of copyrighted works, which spans the entire lifetime of the creator and for 50 years after death, authors and their investors can enjoy enough time to harvest the economic returns from their copyrighted products and will not have to sacrifice quality for quantity,” he explained. To further promote copyright, IPOPHL will be holding its 1st Philippine International Copyright Summit on the week of November 22. The event will serve as a venue to discuss the latest trends and challenges in copyright regulations and enforcement. Laluces said the summit hopes to expand copyright awareness and education to more industry organizations. In addition, the event aims to call the attention of the creatives in non-traditional, nonconventional and non-mainstream copyright-based industries. “We hope to capacitate more creators to best protect their works when negotiating licensing agreements and when exporting said works, especially as we push for global competitiveness,” he added. In the first four months, copyright deposits improved by 91 percent to 444 from 233 year-on-year.

P0.40 per liter and kerosene by P0.25 per liter. This week’s price hike is the second consecutive week of price hike for all petroleum products. The adjustments reflect price movements in the world oil market.

He said such entitlement arose from the OP’s June 1 ruling reversing the DBM’s decision “to impose a rank demotion on our nurses, most of whom also suffered a salary decrease.” He said nurses who should be paid salary differential are those holding Nurse II positions. “Under DBM’s July 2020 circular,

these nurses were demoted in rank to Nurse I, though the budget agency called it ‘position modification.’ Their basic salary was also decreased from Salary Grade 16 [P36,628 to P39,650 depending on length of service] to SG 15 [P33,575 to P36,323, or a difference of P3,053 to P3,327],” he said.

With Jovee Marie N. Dela Cruz

A8 Tuesday, June 8, 2021 • Editor: Angel R. Calso

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editorial

Help private schools stay open

efore the pandemic, many Filipino families did not rule out a private school education for their children because of the cost. But as the pandemic raged on, many parents increasingly sought out public schools, unable to afford the price tag of private schools. Data from the Department Education showed low enrollment from students led to the closure of at least 865 private schools, affecting over 60,000 students and teachers. We worry about the fate of many private schools that survive on thin financial margins, relying mostly on tuition to make ends meet. The government should help them stay open instead of imposing additional burdens on them. Three senators recently warned that unless rescinded, the Bureau of Internal Revenue’s “erroneous order” imposing a 25-percent corporate income tax on private schools would force many more private schools to close down permanently. The Bureau of Internal Revenue had decided with finality to reject the letterappeal of the Coordinating Council of Private Education Associations opposing BIR’s RR 5-2021. The group wrote the appeal after exhausting legal avenues to have the BIR correct the tax rate. Prior to the enactment of the Corporate Recovery and Tax Incentives for Enterprises law, proprietary educational institutions had been paying a preferential tax rate of 10 percent since 1968. Senate President Pro Tempore Ralph Recto described the BIR order as “a flawed interpretation of the CREATE Act.” “The title alone of the law [CREATE] clearly shows its intention: corporate recovery and tax incentives,” Recto pointed out, airing serious concern raised earlier by Senators Joel Villanueva and Juan Edgardo Angara, who had moved to file a bill redressing BIR’s interpretation of the CREATE law through its implementing rules and regulations (IRR). Recto asked how, given CREATE’s intent to help businesses recover through tax rate cuts, “can the BIR invoke it to inflict a 150-percent increase on the income tax of private schools, which is directly opposite to what the law clearly intends?” Recto said CREATE “is meant to bail out distressed private schools. The BIR order further drowns them in a sea of red ink.” Finance Secretary Carlos Dominguez said he would support whatever amendments are passed by Congress regarding the tax treatment of proprietary educational institutions. We also support Senator Angara’s amendatory bill. But we also agree with Senator Recto when he said the BIR should just unilaterally withdraw the regulation because it is based on a wrong interpretation of the law. “It is illogical, absurd and goes against the spirit of the law,” Recto said. Many Filipino children are already struggling to learn remotely during the pandemic. The government should not add to the problems of the education sector. It should, in fact, help make education more available and accessible. Instead of impeding the sustainability of private education, it should help make it more affordable to Filipino families, especially since the students of private schools seem to be outperforming students in public schools. In the 2018 Program for International Student Assessment (PISA), for instance, Filipino students from private schools averaged 390 points in Reading Literacy in English, which was significantly higher than public school students who averaged 328 points. The average Mathematical Literacy score of students in private schools – 395 points—was significantly higher than the average score of those in public schools at 343 points. Students from private schools scored an average of 399 points in Scientific Literacy, which was significantly higher than that of public school students, who averaged 347 points. The government should thus try to help private schools since they are doing a better job in many areas. The increasing migration of private school students to the public school system would only overburden the government in the end. Government policies should support the private school sector, particularly to help solve its problems with dwindling resources and decreasing enrollment. Private schools are not asking for government subsidies. They are not asking for financial aid for families to access schools they otherwise could not afford. They are just asking for a fair shake in taxes, for an equitable system that actually cuts tax burdens on the already overburdened, instead of doing the opposite.

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urrent efforts to revive the travel industry are uplifting—both to those who lost their jobs in the hotel and resort sector and to the communities that host popular tourism destinations. The tourism sector without doubt is one of the most affected industries during the pandemic. Its contribution to the Philippine economy significantly dropped because of the mobility restrictions that hampered both local and global travel. Tourism’s multiplier effect is nearly unquantifiable. It brings in foreign exchange revenues from tourists that shore up our international reserves, directly creates jobs through employment in hotels, resorts and restaurants, and encourages growth in other areas such as land, air and sea transportation. Lifting the travel restrictions between the “NCR Plus” bubble and the rest of the country, for a start, will enable the economy to recover faster, as tourism plays a significant role in dispersing wealth across the country. Economic and tourism activities should be allowed to flourish within the well-established health protocols, without endangering communities and workplaces. This

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gions accounted for over 57 percent of our GDP. The NCR Plus bubble that covers Metro Manila and the four neighboring provinces of Cavite, Rizal, Laguna and Bulacan have the highest concentration of the country’s wealth. Thus, blocking the mobility between the NCR Plus bubble and the rest of the country would surely impede economic recovery. The challenge is to ease the restrictions while ensuring that everyone follows the government-mandated health protocols. The lost contribution of the tourism industry to the total economy was widely felt last year. The World Travel & Tourism Council noted in its annual Economic Impact Report that the Covid-19 pandemic wiped out $37 billion or 41.4 percent of the annual contribution of travel and tourism to the Philippine economy in 2020. The WTTC, which represents the global travel and tourism private sector, says that travel and tourism’s impact on the nation’s gross domestic product “fell from an incredible $90 billion [22.5 percent] in 2019 to

he significant year for Marikina was in 1887 when shoemaking started to flourish. Back in the good old days, the Sapatero Shoe Company made shoes, sold the shoes, and paid the government taxes on the profit. A hundred years later, the company started selling shoes to stores in Hong Kong. The company paid taxes to the Philippine government on the profits.

The G-7 countries, in the interest of “fairness”—which now has as many definitions as “gender” —has a solution. It’s called the “global minimum corporate tax rate.” “Finance ministers from the world’s richest countries have agreed to back a corporate tax rate of at least 15 percent, to stop tax havens competing to attract tech giants like Amazon and Facebook.”

Two decades later, “SapShues” has closed its Philippine factory and is now making its products in Barbados, Bulgaria, and Paraguay. The original Philippine corporation—Sapatero Shoe Co.—is a dormant shell and the company is now legally domiciled and headquartered on an island in the Caribbean. Its HQ basically consists

vesting in their countries, providing employment, and paying income taxes. But one of the reasons that SapShues is there has to do with a lower tax rate than having their factories in Germany, Brazil, or the United States. Both personal and corporate tax laws around the world are like a fivekilo bucket of worms, sort of connected but all different. A citizen of

John Mangun

OUTSIDE THE BOX

Ruben M. Cruz Jr. Eduardo A. Davad Nonilon G. Reyes

is possible through massive vaccination, testing and social distancing measures that may be needed until 2022 or 2023, depending on how fast we can achieve herd immunity. I am positive that the government through the Inter-Agency Task Force on the Management of Emerging Infectious Diseases will extend leisure travel between the NCR Plus bubble and modified general community quarantine areas beyond June 15, 2021. I believe domestic travelers will be responsible enough to protect themselves and their families as they visit provincial destinations. Local government units must do their role to prevent overcrowding in tourism spots. Easing such travel restrictions makes sense, as the NCR Plus bubble accounts for more than half of the country’s gross domestic product. The National Capital Region in 2020 had the largest share of the gross domestic product at 32.3 percent, followed by Calabarzon with 14.3 percent and Central Luzon with 10.4 percent. These three re-

The lost contribution of the tourism industry to the total economy was widely felt last year. The World Travel & Tourism Council noted in its annual Economic Impact Report that the Covid-19 pandemic wiped out $37 billion or 41.4 percent of the annual contribution of travel and tourism to the Philippine economy in 2020.

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Tourism recovery is good for everybody

of a desk, a computer, and several bank accounts. While following all national laws to the letter, its accounting firm— Sums of Anarchy—has reduced the income tax liability to a rate lower than its former bookkeeper paid in the Philippines. The nations of Barbados, Bulgaria, and Paraguay are happy with the corporation in-

$52.8 billion [14.6 percent] just 12 months later, in 2020.” The travel restrictions, it adds, resulted in the loss of 2 million tourism jobs across the country from over 9.5 million in 2019 to less than 7.6 million in 2020, or a drop of 21.1 percent. The easing of travel restrictions between the NCR Plus bubble and modified general community quarantine areas is the first step towards reviving tourism in the Philippines. We can aim for more easing of restrictive rules, as what the Department of Tourism has started last week. I agree with the initiative of the Department of Tourism to immediately vaccinate 40,000 tourism workers in the island of Boracay and some 70,000 in Bohol to encourage travel among Filipinos. It is also time to draw up a Covid-19 travel pass, similar to the so-called Green Lane being proposed by the Tourism Department, for faster and easier facilitation of travel, especially for an entire family. The green lane or travel pass can also speed up the entry of foreign visitors who are fully vaccinated against Covid-19, as part of efforts to reopen the economy. The Covid-19 travel pass that indicates vaccination or a negative virus test, similar to the one being drawn up in Europe, will complement our bid to reopen tourist destinations to leisure travelers. It is also a step closer to restoring jobs and livelihoods lost during the pandemic. For comments, e-mail mbv.secretariat@gmail. com or visit www.mannyvillar.com.ph.

one country working in another can be forced to pay taxes on the same income in both countries. A corporation may be subject to the same “double-taxation” but only when the income is returned to the home country. A company that is incorporated in country ‘W’ could be subject to the income of its operations in country ‘X’, ‘Y’, and ‘Z.’ Tax laws are critical in corporate decision making in the 21st century. There is a big difference between setting up operations in Ireland or Cyprus with an income tax rate of 12.5 percent or in France (32 percent) or Brazil (34 percent). But never fear. The G-7 countries, in the interest of “fairness”—which now has as many definitions as “gender”—has a solution. It’s called the “global minimum corporate tax rate.” “Finance ministers from the world’s richest countries have agreed to back a corporate tax rate of at least 15 percent, to stop tax havens competing See “Mangun,” A9

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Turkish mafia boss dishes dirt, becomes YouTube phenomenon

Franklin M. Drilon–The quintessential senator Manny F. Dooc

TELLTALES

By Suzan Fraser | Associated Press

NKARA, Turkey—From alleged drug trafficking and a murder cover-up to weapons transfers to Islamic militants, a convicted crime ringleader has been dishing the dirt on members of Turkish President Recep Tayyip Erdogan’s ruling party through a series of tell-all videos that have captivated the nation and turned him into an unlikely social media phenomenon. Sedat Peker, a 49-year-old fugitive crime boss, who once openly supported Erdogan’s Justice and Development Party, has been releasing nearly 90-minute long videos from his stated base in Dubai, United Arab Emirates, making scandalous but yet-unproven drip-by-drip allegations, in an apparent bid to settle scores with political figures. The weekly YouTube videos have been viewed more than 75 million times, causing an uproar, heightening concerns over Turkish state corruption and putting officials on the defensive. They have also exposed alleged rifts between rival factions within the ruling party and added to Erdogan’s troubles as he battles an economic downturn and the coronavirus pandemic. On Sunday morning, a couple in Istanbul was absorbed while watching Peker’s latest release. They were among millions in Turkey who tuned in. “I’ve added (Peker’s videos) to the category of TV series I watch every week,” Gulistan Atas said. “Just like a TV episode, I wait in excitement, and every week on Sunday, we prepare our breakfast when we get up and watch them along with our breakfast.” Clad in a waistcoat or a half-buttoned shirt displaying a medallion, Peker taunts his opponents from behind a desk with neatly arranged notes, prayer beads and books, promising to bring their downfall using nothing more than a “tripod and a camera.” His initial videos targeted former Interior Minister Mehmet Agar and his son, Tolga, a ruling party lawmaker, whom he accused of raping a young Kazakh journalism student and later covering up her murder as a suicide. Mehmet Agar, Peker suggested, misappropriated a luxury marina that may have been used in drug trafficking operations. Agar later resigned from the marina’s board. Subsequent videos leveled accusations against business people and media figures close to the government, as well as former Prime Minister Binali Yildirim’s son, claiming he was involved in drug smuggling from Venezuela. But the target of Peker’s most vitriolic and mocking attacks is Interior Minister Suleyman Soylu, whom he accuses of abuse of power and corruption while aiming to become Turkey’s president. Peker justifies the tell-all by saying Soylu betrayed him despite the crime leader’s help to defeat a rival faction within the ruling party. All those implicated have rejected Peker’s accusations. In an explosive claim with international dimensions, the mob boss said that a former security advisor to Erdogan accused of leading a paramilitary force had sent weapons to Al-Qaida-linked militants in Syria. Erdogan hasn’t yet addressed those claims although the government has in the past denied allegations that it had armed jihadis. Erdogan ignored the Peker videos for weeks, but broke his silence on May 26, when he dismissed earlier allegations by the mafia leader as a conspiracy against Turkey. “We will spoil these games, these plots. No one should doubt that we will disrupt this devious operation,” Erdogan said. “We pursue members of criminal gangs wherever in the world they flee to.... We will not leave these criminals alone until we bring them back to our country and hand them over to the judiciary.” Peker responded to Erdogan that week and suggested that the Turkish

In an explosive claim with international dimensions, the mob boss said that a former security advisor to Erdogan accused of leading a paramilitary force had sent weapons to Al-Qaida-linked militants in Syria. Erdogan hasn’t yet addressed those claims although the government has in the past denied allegations that it had armed jihadis. strongman could be the focus of future videos. He later said he would speak about Erdogan after his meeting with US President Joe Biden on June 14 so as not to “weaken his hand.” In his latest video Sunday, he said his revelations would be conducted with respect and wouldn’t hurt the state itself. “Will finding and bringing me (to Turkey) change the reality,” he said. Opposition parties, meanwhile, have seized on the allegations to demand the resignations of implicated figures as well as parliamentary and judiciary inquiries. The ruling party and its nationalist allies have blocked opposition bids to launch parliamentary inquiries into Peker’s claims as well as into the arms smuggling allegations. Authorities have issued a new warrant for Peker’s arrest. Can Selcuki, the director of polling and analysis platform Turkiye Raporu, said of Peker: “We shouldn’t forget that he’s a criminal,” but explained the videos’ popularity as a need for information. “It seems to me people are asking this illegal operator these questions because they can’t get answers elsewhere. And this tells me there’s a growing demand in Turkish society for more transparency,” Selcuki said. Peker addresses his viewers, especially people under age 40, as the real owners of Turkey who have the power of demanding accountability and change. A nationalist who advocates unity between Turkic-speaking nations, Peker has been in and out of prison since age 17 for his involvement in organized crime and other offenses. After his last release from prison in 2014, he held rallies to support Erdogan’s party and leveled threats against his opponents. His 2015 wedding to Ozge Peker, who was his lawyer, drew a host of celebrity guests. In April, an operation was launched against Peker’s group, leading to the arrest of around 60 of his associates. His home in Istanbul was also searched. Peker maintains that he was forced to speak out after his wife and two daughters were allegedly mistreated and humiliated during the police raid. “They ask me why I am doing it,” Peker said in the latest video. “I swear to God that at first I did it out of anger, I expected an apology.... Now, I don’t know why I am doing it.... I feel like doing it.” Gulistan Atas’ husband Alparslan Atas said Peker’s videos were like the movies “The Godfather” and “Scarface,” to be forever etched in people’s memories. “I like that the state’s dirty laundry has come to light and spread around because knowing that the people who are in politics with their hands on the Quran can at the same time do cocaine business gives me interesting information,” he said. Robert Badendieck, Zeynep Bilginsoy, Mehmet Guzel and Ayse Wieting contributed to this report from Istanbul.

Tuesday, June 8, 2021 A9

ranklin M. Drilon is synonymous with incorruptible and exemplary public service. He has been in government continuously since 1986, serving our country and our people in various critical positions. Before running for an elective office and serving as a senator of our Republic, Drilon held important government positions—as Secretary of Labor and later as Executive Secretary during President Cory C. Aquino’s administration. He also served as Secretary of Justice under both President Cory and President Fidel V. Ramos. That’s a total of 35 years of dedicated public service without an iota of scandal to tarnish his good name. Drilon is the only Filipino who has been elected as President of the Senate for a record four times. Excluding Manuel L. Quezon who served as the Senate President until he was elected President of the Philippine Commonwealth government, Drilon’s almost total nine years at the helm of the Senate is the second longest after Senator Eulogio A. Rodriguez Sr. since the Upper Chamber was established in 1916. After the People Power Revolution, he is one of the few persons who have been elected for four six-year terms in the Senate. I don’t think he has suffered any electoral loss since he entered politics, not even in campus elections. As a new barrister in 1969, he joined one of the biggest law firms at that time, the SyCip Salazar Hernandez & Feliciano, where he learned the basics of lawyering. That year, he placed third in the Bar Examinations, which was dominated by the members of his law class in UP that occupied many slots among the top 10 examinees. He became an expert in labor law and personnel management where he became a much sought-after counsel. In 1974, he left SyCip to organize the labor law practice in ACCRA. ACCRA was still then

a start-up compared to SyCip and with only 11 lawyers on its roster. He was the 12th lawyer of the firm and stayed with it for the next 12 years until he was invited by President Cory Aquino to join her Cabinet. He was very much at home with ACCRA. His first wife, Violeta Calvo-Drilon was also a member of the firm. She was a successful corporate lawyer and a genuine “rainmaker” for the firm. Atty. Calvo-Drilon was reportedly the first Filipina to become a partner in a law firm. Moreover, most of the founding partners and several members of the firm were his fraternity brothers from the UP College of Law. An exceptional lawyer, Drilon became the Managing Partner of ACCRA. Currently, Drilon serves as the Senate Minority Leader where he has demonstrated political maturity by effectively working with the majority in enacting much-needed legislation to address the problems of our country. He has authored many landmark laws like the Revised Corporation Code, New Central Bank Act, Philippine Identification System Act, Sin Tax Law, and many others. He has supported various stimulus laws to assist our suffering people from the

Drilon will be completing his Senate term next year and will be disqualified to run for another term. We are not privy to his political plans but his absence in the political arena will be sorely missed. I hope he considers running for another office.

impact of the pandemic and prop up our economy during this time of crisis. As the leader of the minority group, Drilon is proud of what his group has accomplished in terms of significant laws his colleagues have initiated and the effective collaboration between the minority and the majority senators to pass landmark measures. “We can look people in the eye, critics or otherwise, because we know that we did not fail them. It proves that the opposition has not been a hindrance in the passage of meaningful legislation and policy formulation.” Despite the difficulty of staying with the opposition in an overwhelmingly pro-administration Senate, Drilon confesses that “we soldiered on and remained focused on one goal: to get things done for the people.” And no one can accuse him and the Senate opposition of abandoning their traditional role as fiscalizers of the ruling regime. Even Senator Leila de Lima has been a thorn in the side of the administration despite her detention. Former Senator Antonio Trillanes had been at the forefront of the opposition efforts to expose venalities in the government. Undoubtedly, under Drilon’s leadership, the opposition is alive and the pro-Duterte forces in the Upper Chamber have not muted the voice of LP Senators Kiko Pangilinan, Risa Hontiveros, Joel Villanueva and Leila de Lima. Unfortunately, the Lower House has no counterpart of Drilon to raise the LP banner and represent the real minority group. Drilon has been called many names. He is the “Big Man of the

Impasse on business permit renewals Atty. Rodel C. Unciano

Tax Law for Business

nder the Local Government Code (LGC) of 1991, a local government unit is authorized to collect local business taxes on any business entity operating within its territorial jurisdiction. The amount of business tax imposed would depend on the amount of gross sales or receipts generated by the business entity during the preceding calendar year. And for most LGUs, payment of the business tax is a condition for the yearly renewal of the business permit of any entity operating within their territorial jurisdictions. There seems to be no issue on this if the taxpayer and the LGU agree on the amount of gross sales or receipts as basis for the business tax assessed since under the LGC, local taxes accrue on the first day of January of each year and should be paid within a prescribed period. But very often, the LGU and the taxpayer do not agree for a number of reasons. For some LGUs, they have unwritten rule of collecting business taxes that should always be higher than the payments made in the preceding year, without regard as to whether or not the taxpayer’s gross sales or receipts had really increased. Thus, in case of disagreement, there may be a need for time to iron out their differences. But very often, business entities always end up paying the business

Mangun. . .

Continued from A8

to attract tech giants like Amazon and Facebook.” “The global minimum tax would be levied only on the world’s 100 largest and most profitable companies.” They forgot to add to that sentence…“until we make it law for every company.” Alex Cobham, chief

One question to ask is this: Is payment of local business tax assessments a condition sine qua non in renewal of business permits before the LGUs? Certainly, this is another area of concern in our local tax system that is worth revisiting.

taxes being assessed by the LGUs, only just for the sake of being able to secure their business permits. Year in and year out, taxpayers almost always face a dilemma of not being able to renew their business permits without paying the business tax being assessed by the LGUs. If the taxpayer does not pay the business taxes being assessed, it will not be issued a business permit. Thus, taxpayers are being forced to pay business taxes despite disagreement on the amount sought to be collected. Of course, after payment, the taxpayer is not without a remedy under the provisions of the LGC. The taxpayer can claim later on a refund if it thinks that the payment it made to the LGU is really erroneous or excessive. But the refund process is not

easy as it seems, as the taxpayer may even need to prove its entitlement for refund before the Courts. And since tax refund claims are in the nature of an exemption, which is construed against the taxpayer, the burden of proof to establish the right to refund lies with the taxpayer. One question to ask is this: Is payment of local business tax assessments a condition sine qua non in renewal of business permits before the LGUs? Certainly, this is another area of concern in our local tax system that is worth revisiting. A look at the provisions of the LGC would reveal an answer in the negative. Nowhere in the LGC would require payment of business tax assessments a condition for renewal of business permit. Perhaps what an LGU can do is to accept taxpayers’ payments based on their own declarations and conduct later on an audit if it thinks correct payment has not been made, collect the balance, if any, and impose surcharge and interest in case of late payment, if warranted. It should not hold issuance of business

executive of the Tax Justice Network (TJN), slammed it as “very unfair” and said the figure should have been “at least 25 percent.” Here is the rationale: “There is significant corporate tax revenue at stake in all this; it is estimated that governments miss out on between $200 billion and $600 billion in revenues each year,” according to the Atlantic Council. That $200 billion to $600 billion

is money, profits that the corporations retain. They spend that money in large measure on expansion for things like factories, research and development, and on expensive liquor and fancy food. After all, it is their money. But TJN says that the billions in new tax taken would be used by governments to “eradicate poverty.” Assuming Facebook Advertising, Apple, and PayPal stay and pay twice as much tax in Ire-

Senate” with his bulky frame crowding the Senate floor. He’s definitely the elephant in the session hall with his legislative skills and mastery of the parliamentary rules. During the closing years of the Cory administration, he was known as the “Little President” who helped ensure the peaceful transition of power to the next administration. As President Cory’s Executive Secretary, he worked tirelessly to preserve the democratic gains achieved despite the turbulent years brought about by the coup d’etat attempts. Drilon may appear big or little and the adjectives fit him depending on the role he plays but he will never be petty, bigheaded or small-minded. He has always been a consequential and active participant in every important public conversation whose opinion carries weight and is highly valued. He has big dreams for the Filipinos and his passion for public service is focused on the small people. In his acceptance speech as Senate President on July 22, 2013, he declared, “[Ang] kailangan natin ngayon ay isang Senadong nakikinig at tumutugon sa pulso ng mga mamamayan, lalo na ng mga mahihirap at mga maralita.” We were with him when he said that “we must be a sensitive and responsive Senate. A Senate that feels the pulse of the people.” Drilon will be completing his Senate term next year and will be disqualified to run for another term. We are not privy to his political plans but his absence in the political arena will be sorely missed. I hope he considers running for another office. The last time he ran, he garnered the highest number of votes given to any senatorial aspirant in 2016. His unblemished image and impeccable service have earned him the love and respect of the Filipinos. I hope that he will not completely bow out of public service when he graduates from the Senate next year. I believe that most Filipinos, including his lovely wife, Mila, share my statement that our country needs him.

permit just because the taxpayer does not agree to pay the amount of business tax being assessed. The payment of local business tax assessments should not be made a condition for renewal of business permits with the LGUs. This is a flawed policy that is not sanctioned under our tax laws. Taxpayers have the right to question the correctness of the tax being assessed. Business entities should still be able to do business with the LGUs even in case of non-payment of tax assessments that are under dispute, since the assessments are not yet final, executory and demandable. LGUs cannot hold the issuance of a business permit just because of non-payment of business taxes being assessed. This is not in harmony with the government’s policy of promoting ease of doing business and efficient delivery of government services. It is violative of the due process rights of the taxpayer that is well guaranteed under our Constitution.

The author is a partner of Du-Baladad and Associates Law Offices (BDB Law), a member-firm of WTS Global. The article is for general information only and is not intended, nor should be construed as a substitute for tax, legal or financial advice on any specific matter. Applicability of this article to any actual or particular tax or legal issue should be supported therefore by a professional study or advice. If you have any comments or questions concerning the article, you may e-mail the author at rodel.unciano@ bdblaw.com.ph or call 8403-2001 local 140.

land, maybe soon Dublin’s streets will be paved with gold. The Philippines trying to attract foreign investment through tax incentives not so much. It is great when the rich make the rules for everyone else. E-mail me at mangun@gmail.com. Follow me on Twitter @mangunonmarkets. PSE stock-market information and technical analysis provided by AAA Southeast Equities Inc.

A10 Tuesday, June 8, 2021

Hungry for pork, chicken? Try us, Hungary tells PHL

By Jasper Emmanuel Y. Arcalas

@jearcalas

UNGARY remains keen on exporting more pork and poultry products to the Philippines as it is seeking the Department of Agriculture’s (DA) accreditation for several Hungarian companies. In its letter to Agriculture Undersecretary for Livestock William C. Medrano, Hungarian Ambassador to the Philippines Titanilla Toth reiterated the intention of certain Hungarian companies to export pork and poultry products to the Philippines. “I am pleased to inform you that according to the letter of Chief Veterinary of Hungary Dr. Lajos Bognar on 31 December 2020, the therein listed Hungarian poultry and pork meat companies maintain their desire and commitment to be accredited in and export to the Philippines,” Toth said in her letter dated June 4, a copy of which

was obtained by the BusinessMirror. “It would be highly appreciated if your kind office could inform us about the result of the applications of the companies,” Toth added. In end-December, Bognar wrote to Medrano expressing the intention of at least six Hungarian poultry and pork companies to be accredited as exporters of meat products to the Philippines. In his letter, a copy of which was obtained by the BusinessMirror, Bognar said Integral Zrt, Gallicoop Zrt and Pannon Fine Food are new companies that wish to export their products to the Philippines.

Bognar also enumerated other companies that are maintaining their intent to export to the Philippines and which were audited by the Philippines in 2019: Master Good Kft, Aviland 2001 Kft, M es K 200 Kft. “I would like to inform you that Hungary Meat Kft (HU 23 EK), MCs Vagohid Zrt (HU 1360 EK and cold store HU 553 EK,) establishments interested in exporting pork products, maintain their export application, too,” Bognar said in his letter. He also reiterated Hungary’s request for the application of regionalization for the blanket pork import ban slapped by the Philippines on the European country due to African swine fever (ASF). “As previously stated, African swine fever has occurred in Hungary in wild boars only, while domestic pigs remain unaffected by the disease,” Bognar added. Hungary has been banned from exporting pork products to the Philippines since June 2018 due to ASF outbreaks in the European country. As of December 23, 2020, there is no accredited foreign meat establishment (FME) in Hungary to export meat products to the Philippines, a document signed by Agriculture Secretary William D. Dar showed. Continued on A6

‘PHL CHARTER EQUITY CURBS HINDER TRADE IN DIGITAL PRODUCTS’ By Cai U. Ordinario

@caiordinario

HILE the Philippines is ready for digital trade integration in the Asia and the Pacific region, a study from the Philippine Institute for Development Studies (PIDS) said constitutional limitations on foreign ownership are among the factors that prevent the country from engaging in greater digital trade in the region. In a study titled, “How Ready Are We?: Measuring the Philippines’ Readiness for Digital Trade Integration with the AsiaPacific,” PIDS researchers led by Senior Research Fellow Francis Mark A. Quimba said banning foreign equity in electronic commerce and retailing is a major challenge for the country. Apart from this, the researchers said non-tariff measures (NTMs) also prevent the Philippines from increasing its participation in digital trade in the region. “The country should not be complacent and work towards improving the implementation of key regulations on digital trade. The digital economy has [been] shown to evolve rapidly, so it becomes a continuous challenge for both government and the private sector to remain vigilant and to continuously equip itself with the right policies and regulations,” the researchers concluded. The authors said the country must lift foreign equity limitations on electronic commerce and electronic retailing because these are inherently borderless business models. One of the implications of this restriction is on the leasing and subleasing of advertising space or operating an online voucher platform intended to increase the sales of a particular product or service.

‘Mass media activities’

These can both be considered as mass media activities and would be considered a violation of the policy and would pro-

hibit any foreign equity for these business activities. They said one way of lifting this limitation without involving Congress is to rationalize Securities and Exchange Commission (SEC) Opinions so that foreign equity in key sectors of the digital economy can be permitted. “The constitutional restrictions on foreign equity may prevent or deter foreign investors from participating in the Philippines’s electronic commerce and telecommunications industry altogether,” the authors said. “It is important then that policies are reviewed to ensure that their main objectives are consistent with the government’s goals for digital trade and that the ICT sector is not needlessly compromised,” they added.

NTM issues

Meanwhile, the researchers said NTM issues include the “heavy regulation” of the trade of dual-use strategic goods such as electronics, computers, and telecoms of specified technical standards. The stricter regulations for this were imposed in October 2020. Another NTM issue, the authors said, is that the country does not recognize self-certification for product safety done by a specific enterprise. These prevent the country from reducing barriers in the trade of digital goods despite the “exceptionally low tariffs” imposed by the country on the trade of digital goods in Asia and the Pacific. They said the applied tariff rate on digital goods imported from the AsiaPacific was reported at just 0.09 percent in 2019 and the coverage rate of duty-free tariff lines reached a high of 92.3 percent during the same year. “NTMs that restrict the eligibility of firms from participating in public procurement can hinder the free flow of digital goods and services in the Philippines,” the researchers said. Continued on A6

SC affirms dismissal of $1.7-M SALN case vs ex-DOJ chief Perez By Joel R. San Juan @jrsanjuan1573

HE Supreme Court has affirmed the dismissal of the falsification of public documents filed against former Justice Secretary Hernando “Nani” Perez for allegedly failing to disclose his and his wife Rosario Perez’s foreign bank deposits of US$1.7 million in his statement of assets, liabilities and net worth (SALN). In an eight-page resolution released to the public last June 4, 2021, the Court’s First Division denied the petition filed by the Office of the Ombudsman assailing the Sandiganbayan’s May 16, 2014 decision and July 24, 2014 resolution which granted the demurrer to evidence filed by Perez in relation to the information for falsification of public documents. The granting of the demurrer is tantamount to an acquittal for insufficiency of evidence to support a verdict of guilty. Once the court grants the demurrer, any further prosecution of the accused would violate the constitutional proscription on double jeopardy. “In this case, the Sandiganbayan exhaustively examined the testimonial and documentary evidence adduced by the prosecution. The OSP [Office of the Special Prosecutor] ascribes grave abuse of discretion amounting to lack or excess of jurisdiction on the Sandiganbayan in ruling that the documentary evidence presented by the prosecution are hearsay despite having been previously admitted. The OSP is mistaken,” the SC ruled. The case stemmed from the complaint for falsification of public document filed by the Office of the Ombudsman on January 25, 2008. It alleged that Perez falsified his SALN for the ending December 31, 2001 by deliberately not disclosing his and/or his wife’s bank deposit of $1.7 million in bank account EFG Private Bank in Guernsey, a British Crown dependency.

Based on the testimony of OmbudsmanGraft Investigation and Prosecution Officer Olivia Roxas, the case stemmed from the allegation of former Manila congressman and businessman Mark Jimenez that Perez extorted from him US$2 million when he was still Justice secretary in February 2001 Roxas said the filing of the complaint against Perez was based on the documents from Coutts Bank, Hong Kong, and EFG Private Bank with accompanying letters of authentication from foreign authorities. T he bank documents showed that $2,000,000.00 (reduced to $1,999,965.00 after deduction of bank charges) came from Trade and Commerce Bank at Cayman Islands, where US$1,700,000.00 of which was transferred to the account of Rosario. It was reported that Jimenez gave in to the alleged demand of Perez for money in exchange for not being compelled to testify in the plunder case against former President Joseph Estrada, who had been ousted in January 2001. After the prosecution’s presentation of evidence, Perez filed a motion for demurrer to evidence, saying that the testimonial and documentary evidence presented by the prosecution were inadequate to prove the charge of falsification of public documents. Perez argued that Jimenez’s failure to testify and his affidavit of desistance had rendered his complaint-affidavit as hearsay. Perez claimed that the testimonies of the other prosecution witnesses were likewise hearsay because they admitted that they have no personal knowledge of the facts they testified on. The Sandiganbayan granted the demurrer to evidence, prompting the Ombudsman to seek redress from the SC. However, the Court held that there was no grave abuse of discretion on the part of the Sandiganbayan in dismissing Perez’s case. Continued on A2

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

8 STONE BUSINESS OUTSOURCING OPC 5/f To 10/f, Tower 4 Pitx #01 Kennedy Road Tambo Parañaque City BIN, DAN Mandarin Customer Service Representative 1.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status. CHEN, HONG Mandarin Customer Service Representative

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status CHEN, LIMEI Mandarin Customer Service Representative

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status CHEN, ZHENLING Mandarin Customer Service Representative

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status FU, LIJUAN Mandarin Customer Service Representative

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status GUO, JIAHAO Mandarin Customer Service Representative

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status HE, ZISHAN Mandarin Customer Service Representative

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status HOU, XUE Mandarin Customer Service Representative

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status HU, ZHIJIE Mandarin Customer Service Representative

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status JIANG, YUPENG Mandarin Customer Service Representative

10.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status. LIN, YOUHUA Mandarin Customer Service Representative

11.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status LIN, GUANGYI Mandarin Customer Service Representative

12.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status LIU, WEIWEI Mandarin Customer Service Representative

13.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status LU, XUEFENG Mandarin Customer Service Representative

14.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status LUO, LISHA Mandarin Customer Service Representative

15.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status MYINT WAI Mandarin Customer Service Representative

16.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status PENG, QINGHUA Mandarin Customer Service Representative

17.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status. QIN, WENCHAO Mandarin Customer Service Representative

18.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status SUN, QIN Mandarin Customer Service Representative

19.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status TAN, XIAOQUN Mandarin Customer Service Representative

20.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION TSAI, YI-TUNG Mandarin Customer Service Representative

Basic Qualification: Fluent in Mandarin both oral and written.

21.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin both oral and written

WANG, XIN Mandarin Customer Service Representative 22.

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

23.

24.

25.

26.

27.

28.

29.

30.

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

31.

32.

Brief Job Description: Monitor, review and report on all marketing activity and result.

LI, BO Marketing Staff Mandarin Speaking 33.

Basic Qualification: Fluent in Mandarin both oral and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin both oral and written

Brief Job Description: Monitor, review and report on all marketing activity and result.

LI, DONGSHENG Marketing Staff Mandarin Speaking

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

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status LI, HONGCAI Marketing Staff Mandarin Speaking

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

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status. ZHOU, SHUQIANG Mandarin Customer Service Representative

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

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status. ZHOU, FANFAN Mandarin Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin both oral and written.

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status ZHOU, CHENDONG Mandarin Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin both oral and written

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status ZHENG, JINHUO Mandarin Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin both oral and written

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status. ZHANG, QI Mandarin Customer Service Representative

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

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status. ZENG, YUHAO Mandarin Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin both oral and written

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status. YANG, YUAN Mandarin Customer Service Representative

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

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status. WU, CHIA-WEI Mandarin Customer Service Representative

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

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status

Brief Job Description: Monitor, review and report on all marketing activity and result.

LIU, HAIPING Marketing Staff Mandarin Speaking 34.

Brief Job Description: Monitor, review and report on all marketing activity and result.

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

SU, XIAOYU Marketing Staff Mandarin Speaking 35.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin both oral and written. Salary Range: Php 30,000 - Php 59,999

WANG, WEI Marketing Staff Mandarin Speaking 36.

Basic Qualification: Fluent in mandarin both oral and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin both oral and written

Brief Job Description: Monitor, review and report on all marketing activity and result.

WEI, LIPING Marketing Staff Mandarin Speaking 37.

Brief Job Description: Monitor, review and report on all marketing activity and result.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin both oral and written Salary Range: Php 30,000 - Php 59,999

WEI, WENXIAN Marketing Staff Mandarin Speaking 38.

Brief Job Description: Monitor, review and report on all marketing activity and result.

Tuesday, June 8, 2021 A11

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

Basic Qualification: Fluent in mandarin both oral and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin both oral and written. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin both oral and written. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin both oral and written.

ZHANG, CHUANG Marketing Staff Mandarin Speaking 39.

40.

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

41.

42.

KIM, MINSU Risk And Compliance Executive Brief Job Description: Initiates and process customer verification

Brief Job Description: Offer full range of customer service to employer and clients.

JING, HAOJIE Mandarin Customer Service 43.

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

Brief Job Description: Offer full range of customer service to employer and clients.

LI, XU Mandarin Customer Service 44.

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

Brief Job Description: Offer full range of customer service to employer and clients.

LIU, TAO Mandarin Customer Service 45.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Analyze the productivity of the marketing plans and projects, recommend to senior management

Brief Job Description: On-call Pilot

BANG THI THOA Mandarin Customer Service

Basic Qualification: Fluent in Mandarin both oral and written.

Basic Qualification: Analyze the productivity of the marketing plans and projects, recommend to senior management

PELLAN, SEAN, MAUI Seaplane Pilot

Brief Job Description: Offer full range of customer service to employer and clients.

LIU, JIYE Mandarin Customer Service 46.

Brief Job Description: Offer full range of customer service to employer and clients.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Analyze the productivity of the marketing plans and projects, recommend to senior management

LIU, NA Mandarin Customer Service 47.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Analyze the productivity of the marketing plans and projects, recommend to senior management

48.

49.

50.

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

Brief Job Description: Offer full range of customer service to employer and clients.

SHI, MING Mandarin Customer Service 51.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Analyze the productivity of the marketing plans and projects, recommend to senior management

Brief Job Description: Offer full range of customer service to employer and clients.

NGUYEN THI LE Mandarin Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Analyze the productivity of the marketing plans and projects, recommend to senior management

Brief Job Description: Offer full range of customer service to employer and clients

MO, WENLONG Mandarin Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Analyze the productivity of the marketing plans and projects, recommend to senior management

Brief Job Description: Offer full range of customer service to employer and clients.

LIU, JINCAN Mandarin Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Analyze the productivity of the marketing plans and projects, recommend to senior management

Basic Qualification: C208 Float Plane Rated, Min. of 2,000 hours total flight hours Salary Range: Php 60,000 - Php 89,999

Basic Qualification: Diploma/Certificate, College degree of any course; must be native Korean / Thai / Vietnamese / Japanese / Chinese / Cambodian / Indonesian, fluent in English & native language; With at least a year of experience in the same field

BIG EMPEROR TECHNOLOGY CORP. Eastfield Center Cbp1, Macapagal Blvd. Brgy. 076 Pasay City 5f-13f, Jiaxing Tower Building Aseana Avenue, Aseana Business Park Tambo

Basic Qualification: Fluent in Mandarin both oral and written.

Basic Qualification: Fluent in Mandarin both oral and written

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

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

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

Basic Qualification: Analyze the productivity of the marketing plans and projects, recommend to senior management

AVANTICE CORPORATION 19/f Pbcom Tower Ayala Ave. Bel-air Makati City

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

Brief Job Description: Monitor, review and report on all marketing activity and result.

QUALIFICATION AND SALARY RANGE

AIRTRAV CORPORATION Metro Asia Hangar Bldg. Domestic Road St. Barangay 191 Pasay City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin both oral and written.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Offer full range of customer service to employer and clients.

SUN, DECHUN Mandarin Customer Service 52.

Brief Job Description: Offer full range of customer service to employer and clients.

Basic Qualification: At least college level and able to speak, read write and type fluently in Mandarin language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read write and type fluently in Mandarin language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read, write and type fluently in Mandarin Language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read write and type fluently in mandarin language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read write and type fluently in mandarin language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read write and type fluently in Mandarin language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read, write and type fluently in Mandarin language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read write and type fluently in Mandarin language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read write and type fluently in Mandarin language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read, write and type fluently in Mandarin language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read write and type fluently in Mandarin language. Salary Range: Php 30,000 - Php 59,999

A12

BusinessMirror

Tuesday, June 8, 2021

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION TAN, FEILONG Mandarin Customer Service

53.

Brief Job Description: Offer full range of customer service to employer and clients.

XI, JIAJUN Mandarin Customer Service 54.

Brief Job Description: Offer full range of customer service to employer and clients.

XU, ZHIMING Mandarin Customer Service 55.

Brief Job Description: Offer full range of customer service to employer and clients

YAO, YIHANG Mandarin Customer Service 56.

Brief Job Description: Offer full range of customer service to employer and clients.

ZHANG, WEI Mandarin Customer Service 57.

Brief Job Description: Offer full range of customer service to employer and clients

ZHAO, YINGYUN Mandarin Customer Service 58.

Brief Job Description: Offer full range of customer service to employer and clients.

CHANG, YINGRUI Mandarin Language Specialist 59.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

CHEN, XUEFENG Mandarin Language Specialist 60.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

FAN, SHIJIE Mandarin Language Specialist 61.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

HE, HAOHUA Mandarin Language Specialist 62.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

HE, YINGDE Mandarin Language Specialist 63.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

HU, RUILONG Mandarin Language Specialist 64.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

HUANG, JINGFEI Mandarin Language Specialist 65.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

HUANG, PEIWEI Mandarin Language Specialist 66.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

LIN, MUJIN Mandarin Language Specialist 67.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

LIN, ZHIXIAN Mandarin Language Specialist 68.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

LIN, ALING Mandarin Language Specialist 69.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: At least college level and able to speak, read write and type fluently in mandarin language.

No.

LIN, ZHIPING Mandarin Language Specialist 71.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read write and type fluently in mandarin language.

72.

73.

74.

75.

76.

77.

78.

79.

80.

81.

82.

83.

84.

85.

86.

87.

70.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

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

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

ZOU, JIAYI Mandarin Language Specialist 88.

LIN, YAOFANG Mandarin Language Specialist

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

ZHENG, QINGLING Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

ZHANG, GUIPING Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

ZHANG, SHUAI Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

ZHANG, YULI Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

YUAN, MING Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

YANG, CHENGCHANG Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

YAN, SIJUN Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

XU, YAYING Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

XIA, ZONGLEI Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

WU, YANG Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

WANG, CHAO Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

WANG, XIAOJUN Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

SU, RUFANG Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read write and type fluently in mandarin language.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

QIN, HUAHUI Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read, write and type fluently in Mandarin language.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems.

OU, HAIZHOU Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read write and type fluently in mandarin language.

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

LIU, KECUN Mandarin Language Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least college level and able to speak, read, write and type fluently in Mandarin language.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Perform quality audit and translations in technical and non-technical issues reported by users or systems

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

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

HUANG, XINHUA Field Sales Consultant 89.

CHEN, WEIZHI Chinese Customer Support Representative 90.

91.

92.

93.

94.

95.

96.

97.

98.

99.

100.

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

CUN CHACH PHU Vietnamese Customer Support Representative 101.

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

LAU NHUC DENH Vietnamese Customer Support Representative 102.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

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

ZHANG, BO Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

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

WU, HUI Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in mandarin language and has excellent communication skills both in written and oral.

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

WANG, JINGBO Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in mandarin language and has excellent communication skills both in written and oral.

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

SHANGGUAN, MINGAN Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

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

MA, JINFENG Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

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

LIANG, JUAN Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in mandarin language and has excellent communication skills both in written and oral.

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

LI, YUNZHE Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

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

GUO, DONGTING Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

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

FAN, YUZHI Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

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

CONG, YANG Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

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

LE TUAN DAT Vietnamese Customer Support Representative 103.

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

PHU VAN LIEN Vietnamese Customer Support Representative 104.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Can research accounts and generated or follow through sales leads; Can valuate customer’s skills, needs and build productive long lasting relationships; Can meet personal and team sales targets.

CROWN INFORMATION TECHNOLOGY INC. 5th-7th Floor Alhi Corporate Center Aseana Avenue Tambo Parañaque City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in mandarin language and has excellent communication skills both in written and oral.

Brief Job Description: Responsible to get the sale using various customer sales method.

QUALIFICATION AND SALARY RANGE

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Mandarin language and has excellent communication skills both in written and oral.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

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

PHUNG BUU DINH Vietnamese Customer Support Representative 105.

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

DATACLICK INTERNATIONAL CORP. E. Rodriguez St. Roxas Blvd. St. Barangay 003 Pasay City

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

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

106.

107.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION CHEN, BIN Chinese Customer Service Officer Brief Job Description: Converse and Interact with the customer

CHEN, CHAOFAN Chinese Customer Service Officer Brief Job Description: Converse and Interact with the customer CHEN, CHAOLI Chinese Customer Service Officer

108.

109.

Brief Job Description: The chinese customer service officer is a first point of contact for the company’s chinese clients. The primary role of chinese customer service officer within the team is to respond to a variety of chinese clients request and inquiries via telephone or via live chat DUAN, JINYOU Chinese Customer Service Officer Brief Job Description: Converse and Interact with the customer FU, MEIYUAN Chinese Customer Service Officer

110.

Brief Job Description: The Chinese Customer Service Officer is a first point of contact for the company’s Chinese clients. The primary role of a Chinese Customer Service Officer within the team is to respond to a variety of Chinese clients’ requests and inquiries via the telephone or via live chat. GUO, QIAN Chinese Customer Service Officer

111.

112.

113.

114.

Brief Job Description: The chinese customer service officer is a first point of contact for the company’s chinese clients. The primary role of chinese customer service officer within the team is to respond to a variety of chinese clients request and inquiries via telephone or via live chat LIN, WEI Chinese Customer Service Officer Brief Job Description: Converse and Interact with the customer LU, HONGXUE Chinese Customer Service Officer

115.

116.

117.

Brief Job Description: The chinese customer service officer is a first point of contact for the company’s chinese clients. The primary role of chinese customer service officer within the team is to respond to a variety of chinese clients request and inquiries via telephone or via live chat QIAO, WENGUANG Chinese Customer Service Officer Brief Job Description: Converse and Interact with the customer TAN, HONGMEI Chinese Customer Service Officer

118.

119.

Brief Job Description: Brief Job Description: The chinese customer service officer is a first point of contact for the company’s chinese clients. The primary role of chinese customer service officer within the team is to respond to a variety of chinese clients request and inquiries via telephone or via live chat WANG, MENGYA Chinese Customer Service Officer

120.

121.

122.

123.

Brief Job Description: The chinese customer service officer is a first point of contact for the company’s chinese clients. The primary role of chinese customer service officer within the team is to respond to a variety of chinese clients request and inquiries via telephone or via live chat XU, SHUSHAN Chinese Customer Service Officer Brief Job Description: Converse and Interact with the customer

YANG, RICHU Chinese Customer Service Officer Brief Job Description: Converse and Interact with the customer

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: a chinese and fluent in chinese writing and speaking language Salary Range: Php 30,000 - Php 59,999

No.

YU, WEIWEI Chinese Customer Service Officer 124.

Basic Qualification: a chinese and fluent in chinese writing and speaking language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: A chinese and fluent in chinese writing and speaking language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: a chinese and fluent in chinese writing and speaking language

125.

126.

127.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: A Chinese and Fluent in Chinese writing and speaking language

128.

129.

Brief Job Description: Converse and Interact with the customer

ZHENG, JIANG Chinese Customer Service Officer Brief Job Description: Converse and Interact with the customer

ZHENG, XIANFENG Chinese Customer Service Officer Brief Job Description: Converse and Interact with the customer

LI, JINZONG Marketing And Sales Agent 130.

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

LI, WENJIE Marketing And Sales Agent 131.

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

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

LIN, MEIBAO Marketing And Sales Agent

Salary Range: Php 30,000 - Php 59,999 132. Basic Qualification: A chinese and fluent in chinese writing and speaking language

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

LIN, JIANCHUN Marketing And Sales Agent 133.

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

Basic Qualification: A chinese and fluent in chinese writing and speaking language

134.

139.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: a chinese and fluent in chinese writing and speaking language

Brief Job Description: *Studying company profile and operations to understand its marketing needs. * Implementing a marketing strategy according to objectives and budget.

PU, CHING-CHENG Marketing Consultant (mandarin Speaking Clients)

Basic Qualification: a chinese and fluent in chinese writing and speaking language

Brief Job Description: *Studying company profile and operations to understand its marketing needs. * Implementing a marketing strategy according to objectives and budget.

WOO KHAR CHUN Marketing Consultant (mandarin Speaking Clients) 140.

Brief Job Description: *Studying company profile and operations to understand its marketing needs. * Implementing a marketing strategy according to objectives and budget.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: A Chinese and Fluent in Chinese writing and speaking language

CAI, JIAYI Customer Service Representative 141.

Basic Qualification: A Chinese and Fluent in Chinese writing and speaking language

Brief Job Description: A customer service representative supports customers by providing helpful information, answering questions, and responding to complaints, They’re the front line of support for clients and customers and the help ensure that customers are satisfied with products, services, and features.

Salary Range: Php 30,000 - Php 59,999 CHEN, KUNBO Customer Service Representative

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

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

CHEN, YAN Marketing Consultant (mandarin Speaking Clients) 135.

Brief Job Description: *Studying company profile and operations to understand its marketing needs. * Implementing a marketing strategy according to objectives and budget.

CHEN, YI-TING Marketing Consultant (mandarin Speaking Clients) 136.

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

Brief Job Description: *Studying company profile and operations to understand its marketing needs. * Implementing a marketing strategy according to objectives and budget.

EDDIE GOH CHOON KIAT Marketing Consultant (mandarin Speaking Clients) 137.

Brief Job Description: *Studying company profile and operations to understand its marketing needs. * Implementing a marketing strategy according to objectives and budget.

QUALIFICATION AND SALARY RANGE Basic Qualification: *Preferably 6 months experience with the above position. *Can multi-task and keen to details. *Any nationality who can speak and write Chinese fluently. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: *Preferably 6 months experience with the above position. *Can multi-task and keen to details. *Any nationality who can speak and write Chinese fluently. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: *Preferably 6 months experience with the above position. *Can multi-task and keen to details. *Any nationality who can speak and write Chinese fluently. Salary Range: Php 30,000 - Php 59,999

GATEWAYSOLUTIONS CORP. Unit 2306 Antel Global Corporate Center Julia Vargas Ave. Ortigas Center, San Antonio Pasig City

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

FLY ASIAN INTERNATIONAL CORPORATION Eighty One Newport Blvd. Newport City Va, Brgy. 183 Pasay City

Basic Qualification: a chinese and fluent in chinese writing and speaking language

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

Basic Qualification: a chinese and fluent in chinese writing and speaking language

142.

LI, ZHI Customer Service Representative 143.

WANG, YONG Customer Service Representative 144.

WU, CHAOLIANG Customer Service Representative 145.

XU, XIAOSHAO Customer Service Representative 146.

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

Basic Qualification: A chinese and fluent in chinese writing and speaking language

Basic Qualification: a chinese and fluent in chinese writing and speaking language

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

LIU, FENG Marketing And Sales Agent

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

138.

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

Basic Qualification: A chinese and fluent in chinese writing and speaking language

NG SHIAN SHIAN Marketing Consultant (mandarin Speaking Clients)

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

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

Basic Qualification: A chinese and fluent in chinese writing and speaking language

No.

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

Basic Qualification: A chinese and fluent in chinese writing and speaking language

Basic Qualification: a chinese and fluent in chinese writing and speaking language

QUALIFICATION AND SALARY RANGE

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: a chinese and fluent in chinese writing and speaking language

ESTABLISHMENT / ADDRESS

EASTERN GOLD CORPORATION 503 Nueva St Binondo Manila

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: A chinese and fluent in chinese writing and speaking language

ZHANG, YUBIN Chinese Customer Service Officer

ZUO, TING Chinese Customer Service Officer

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

Basic Qualification: A chinese and fluent in chinese writing and speaking language

ZHU, XINGHUAN Chinese Customer Service Officer

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

Basic Qualification: A chinese and fluent in chinese writing and speaking language

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Tuesday, June 8, 2021 A13

Basic Qualification: Must be a College graduate; Can prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be a College graduate; Can prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be a College graduate; Can prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be a College graduate; Can prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be a College graduate; Can prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be a College graduate; Can prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999

INVECH TREASURE PROCESSING CORPORATION 2nd, 3rd, 4th, 5th Floor Six West Campus Mckinley West Fort Bonifacio Taguig City Ground, 2nd, 3rd And 4th Floor Eight West Campus Mckinley West Fort Bonifacio Taguig City Basic Qualification: *Preferably 6 months experience with the above position. *Can multi-task and keen to details. *Any nationality who can speak and write Chinese fluently.

CAI, RENZHOU Chinese Customer Support Representative 147.

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: *Preferably 6 months experience with the above position. *Can multi-task and keen to details. *Any nationality who can speak and write Chinese fluently. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: *Preferably 6 months experience with the above position. *Can multi-task and keen to details. *Any nationality who can speak and write Chinese fluently. Salary Range: Php 30,000 - Php 59,999

CHEN, ZHIMING Chinese Customer Support Representative 148.

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

HONG, CANLONG Chinese Customer Support Representative 149.

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

PENG, LIN Chinese Customer Support Representative 150.

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

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

A14

BusinessMirror

Tuesday, June 8, 2021

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION WANG, LIRONG Chinese Customer Support Representative

151.

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

WEI, JIE Chinese Customer Support Representative 152.

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

YE, LING Chinese Customer Support Representative 153.

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

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Able to speak and write in Mandarin and at least college level with related BPO experience

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

154.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company DUAN, YUQING Strategic And Facilitation Officer

155.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company DUAN, CUI Strategic And Facilitation Officer

156.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company GU, HONGXIA Strategic And Facilitation Officer

157.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company JIANG, CHAO Strategic And Facilitation Officer

158.

Brief Job Description: Your primary function is to help the company and its Chinese clients to generate more income for the company JIANG, QINGLING Strategic And Facilitation Officer

159.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company LAI, YOUMING Strategic And Facilitation Officer

160.

Brief Job Description: Your primary function is to help the company and its Chinese clients to generate more income for the company LEI, GUANGXU Strategic And Facilitation Officer

161.

Brief Job Description: Your primary function is to help the company and its Chinese clients to generate more income for the company LI, JIE Strategic And Facilitation Officer

162.

Brief Job Description: Your primary function is to help the company and its Chinese clients to generate more income for the company LI, JUQING Strategic And Facilitation Officer

163.

Brief Job Description: Your primary function is to help the company and its Chinese clients to generate more income for the company LI, XIA Strategic And Facilitation Officer

164.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company LI, YI-CHEN Strategic And Facilitation Officer

165.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company LI, SHAOHUA Strategic And Facilitation Officer

166.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company LI, YUJIN Strategic And Facilitation Officer

167.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company LIU, YIZHONG Strategic And Facilitation Officer

168.

Brief Job Description: Your primary function is to help the company and its Chinese clients to generate more income for the company LIU, HSIN-TING Strategic And Facilitation Officer

169.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company LIU, FEI Strategic And Facilitation Officer

170.

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company

171.

172.

173.

175.

176.

177.

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Basic Qualification: Must be fluent in chinese language

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company

183.

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

192.

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

Brief Job Description: Responsible for handling service support calls

Basic Qualification: Must be fluent in Chinese language

EOM, TAEWON Mandarin Speaking Customer Relations Service Provider

193.

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

Brief Job Description: Responsible for handling service support calls

Basic Qualification: Must be fluent in chinese language

FENG, YIHE Mandarin Speaking Customer Relations Service Provider

194.

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

Brief Job Description: Responsible for handling service support calls

Basic Qualification: Must be fluent in chinese language

FU, SHENGCHUN Mandarin Speaking Customer Relations Service Provider

195.

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

Brief Job Description: Responsible for handling service support calls

Basic Qualification: Must be fluent in chinese language

FU, LIN Mandarin Speaking Customer Relations Service Provider

196.

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

Brief Job Description: Responsible for handling service support calls

Basic Qualification: Must be fluent in chinese language

GAO, PENG Mandarin Speaking Customer Relations Service Provider

197.

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

Brief Job Description: Responsible for handling service support calls

Basic Qualification: Must be fluent in chinese language

GONG, PAN Mandarin Speaking Customer Relations Service Provider

198.

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

Brief Job Description: Responsible for handling service support calls

Basic Qualification: Must be fluent in chinese language

GOU, LEI Mandarin Speaking Customer Relations Service Provider

199.

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

Brief Job Description: Responsible for handling service support calls

Basic Qualification: Must be fluent in chinese language

HE, JIALE Mandarin Speaking Customer Relations Service Provider

200.

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

Brief Job Description: Responsible for handling service support calls

Basic Qualification: Must be fluent in Chinese language

HE, HUAJIE Mandarin Speaking Customer Relations Service Provider

201.

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

Brief Job Description: Responsible for handling service support calls

Basic Qualification: Must be fluent in chinese language

HU, YIFAN Mandarin Speaking Customer Relations Service Provider

202.

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

Basic Qualification: Skilled and Expirience

Brief Job Description: Manage korean cutomer queries/complaints

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

Brief Job Description: Responsible for handling service support calls AHN, JINSEOK Mandarin Speaking Customer Relations Service Provider

AN, XIAOTAO Mandarin Speaking Customer Relations Service Provider

CHEN, ZHIBIN Mandarin Speaking Customer Relations Service Provider

CHEN, QIYANG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be fluent in chinese language

DONG, FUQIANG Mandarin Speaking Customer Relations Service Provider

NAM, HYE-KYUNG Customer Service Representative

NANG KHIN THIDA HNIN Burmese Customer Service Representative

190.

CHEN, JIAN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

CHOI, JEONG GYU Mandarin Speaking Customer Relations Service Provider

Basic Qualification: Must be fluent in chinese language

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

Brief Job Description: Responsible for handling service support calls

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be fluent in chinese language

191.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Responsible for handling service support calls

Brief Job Description: Manage korean cutomer queries/complaints

Brief Job Description: Responsible for handling service support calls

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be fluent in Chinese language

No.

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

Basic Qualification: Skilled and Expirience

Brief Job Description: Responsible for handling service support calls

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be fluent in chinese language

Basic Qualification: Must be fluent in chinese language

MEGA-WEB TECHNOLOGIES INC. 6,7,8,9,10,11/f Met Live Bldg. Edsa Cor. Macapagal Blvd. Brgy. 076 Pasay City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be fluent in chinese language

QUALIFICATION AND SALARY RANGE

JUNG, CHANG LIM Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be fluent in chinese language

ESTABLISHMENT / ADDRESS

Brief Job Description: Responsible for handling service support calls

KINDOSAR PROCESS SOLUTIONS INC. Unit 5d, Rose Industries Bldg. Pioneer St. Kapitolyo Pasig City

Basic Qualification: Must be fluent in Chinese language Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Your primary function is to help the company and its Chinese clients to generate more income for the company XU, YAYANG Strategic And Facilitation Officer

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

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company SUN, YINGHAO Strategic And Facilitation Officer

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

Basic Qualification: Must be fluent in Chinese language

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company SHI, DONGJIAN Strategic And Facilitation Officer

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

Basic Qualification: Must be fluent in Chinese language

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company PHO THU BINH Strategic And Facilitation Officer

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

Basic Qualification: Must be fluent in Chinese language

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company NIE, GUANGHUI Strategic And Facilitation Officer

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

Basic Qualification: Must be fluent in chinese language

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company NGUYEN THI THANH Strategic And Facilitation Officer

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

Basic Qualification: Must be fluent in Chinese language

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company MI, QI Strategic And Facilitation Officer

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

Basic Qualification: Must be fluent in chinese language

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company MA, YIXUAN Strategic And Facilitation Officer

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

Basic Qualification: Must be fluent in chinese language

Brief Job Description: Your primary function is to help the company and its Chinese clients to generate more income for the company LUU THI CHUNG Strategic And Facilitation Officer

174.

Basic Qualification: Must be fluent in chinese language

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company LU, RICAN Strategic And Facilitation Officer

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

Basic Qualification: Must be fluent in chinese language

Brief Job Description: Your primary function is to help the company and its chinese clients to generate more income for the company LIU, JIAN Strategic And Facilitation Officer

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION LIU, LIANG Strategic And Facilitation Officer

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

JDB MANAGEMENT AND CONSULTANCY CORP. 107 T & D House Magallanes St. 069, Bgy. 655 Intramuros Manila CHENG, YUANPENG Strategic And Facilitation Officer

No.

www.businessmirror.com.ph

203.

Brief Job Description: Responsible for handling service support calls

204.

205.

206.

207.

208.

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

KIM, YONGJUN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

209.

KO, GWANGHOON Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

KIM, KIHO Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

KANG, LEI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

JIANG, CHEN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

JIANG, WEIHAN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

IVY ONG PEI LU Mandarin Speaking Customer Relations Service Provider

210.

KUO, TZU-YU Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

211.

LAN, DONG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

QUALIFICATION AND SALARY RANGE Basic Qualification: Proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in Mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandari Salary Range: Php 30,000 - Php 59,999 Basic Qualification: proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in Mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in Mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in Mandarin Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

212.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION LEE, YEONGMAN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

213.

LEE, PYUNGHO Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

214.

LEE JIE SEE Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

215.

LI, JIE Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

216.

LI, WENJIE Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

217.

LI, ZHENG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

218.

LI, NANNAN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

219.

LI, JINBO Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

220.

LI, JIANWEI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

221.

LIANG, ZHONGXU Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

222.

LIANG, PENG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

223.

LIN, XIAOQIN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

224.

LIU, YONGHUI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

225.

LIU, BO Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

226.

LIU, JIAMIN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

227.

LIU, JIADONG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

228.

LUO, XUAN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

229.

OUYANG, SHANGJIN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

230.

PARK, CHANGGEUN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

231.

PENG, KAI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

232.

QIAO, DAN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Proficient in speaking, reading and writing in mandarin

No.

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252.

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

YIN, DUSONG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

YANG, QIUDI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

YANG, SIDI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

YAN, LEI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

YAN, HUALIANG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

YAN, JIAJU Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

XIANG, XIAHUI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

XIA, YANG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

WU, WEIFENG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

WU, YIRAN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

WEN, DONGHAI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

WANG, QUANYU Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

WANG, DAN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

WANG, ZHENHAI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

WAN, JIAN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

VO THI LIEU Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

TIAN, DONG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

TANG, LIZHOU Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

SONG, WANGWANG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

SHI, YONGPING Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

253.

YIN, JINGJING Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

Tuesday, June 8, 2021 A15

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: proficient in speaking, reading and writing in mandarin

No.

254.

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261.

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266.

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

GANG AUNG Mandarin Human Resource Specialist 267.

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

268.

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

Brief Job Description: To troubleshoot, maintain and monitor the computer system QIN, YUANDING Mandarin Technical Support

269.

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

Brief Job Description: To troubleshoot, maintain and monitor the computer system

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

MOA CLOUDZONE CORP. 4th-11th Flr. Nexgen Tower C4 Rd. Edsa Ext. Brgy. 076 Pasay City

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

Brief Job Description: Develop management training, orientation and employment HSU, TZU-HSIN Mandarin Technical Support

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

QUALIFICATION AND SALARY RANGE

MINDSCAPE CREATIVES INC. Unit 19-o, Burgundy Corporate Tower 252 Sen. Gil Puyat Ave. Pio Del Pilar Makati City

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

ZHU, SIQI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

ZHONG, SIYU Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

ZHENG, SHIQING Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

ZHAO, ZHICONG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

ZHANG, JUN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

ZHANG, WEI Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

ZHANG, QIUJU Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

ZHANG, WEIGUO Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

YUAN, YANYONG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

YUAN, BINGYU Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

YU, WUCHEN Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

YOU, LIBAO Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

YOU, LIANG Mandarin Speaking Customer Relations Service Provider Brief Job Description: Responsible for handling service support calls

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

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274.

CHEN, YICONG Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires CHEN, KE Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires CHENG, WEIHONG Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires GONG, GUOQING Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries HU, QIUMEI Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

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

A16

BusinessMirror

Tuesday, June 8, 2021

ESTABLISHMENT / ADDRESS No.

275.

276.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION HU, XING Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires HUANG, WENHUI Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries JIANG, BODAO Customer Service Representative

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Brief Job Description: MANAGING INCOMING CALLS AND CUSTOMER SERVICE INQUIRIES LI, HAO Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries LI, MING Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries LI, SHIZHE Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires LI, XUEJING Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries LIANG, KAIWEN Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries LIU, LIFANG Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires LIU, CHAO Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries LONG, SHENGKUAN Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires LUO, RUI Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries LUO, QINPEI Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires MENG, MINGLEI Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries MENG, CHENYANG Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires PHU NHUC LAY Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries SHAO, ZHIQIANG Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires WANG, ZHENGQUAN Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries WANG, WENNAN Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries WANG, QI Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires WEI, ZHONGLIANG Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries WU, YUXIAN Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries XIE, WANG Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries YANG, YAJIE Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

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

No.

299.

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

300.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: ABLE TO SPEAK, READ AND WRITE CHINESE LANGUAGE

301.

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

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

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

304.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write chinese language

305.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write chinese language

306.

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

ZHA, HAOYU Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries ZHANG, DAWANG Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries ZHANG, CHAO Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries ZHANG, YAN Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries ZHENG, JIANBIN Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries ZHENG, ZHENZHONG Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries ZHU, WENJUN Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries WANG, XIAO Customer Service Reprsentative Brief Job Description: Managing Incoming calls and customer service inquires

307.

CHEN, WENFENG Chinese Customer Service Brief Job Description: Customer support and data base services

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

308.

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

309.

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

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

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

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

Brief Job Description: Customer support and data base services

DINH THI HUYEN TRANG Foreign Language Customer Service Brief Job Description: Responsible for handling service support calls

Brief Job Description: Leading the team w/ motivation and inspire to reach the goal & exceeding the team.

Brief Job Description: To troubleshoot, maintain and monitor the computer system

Brief Job Description: To troubleshoot, maintain and monitor the computer system.

CHEN, LIANG Chinese Customer Service 314.

Brief Job Description: Knowlegable in computer application with good oral and written cpmmunication skills WANG, JIARUI Chinese Customer Service

315.

Brief Job Description: Knowlegable in computer application with good oral and written cpmmunication skills YANG, BIN Chinese Customer Service

316.

Brief Job Description: Knowlegable in computer application with good oral and written communication skills

SATO, JUNICHIRO Manager 317.

Brief Job Description: Prepare contracts and negotiate changes to contracts with consultants, clients, suppliers and subcontractors

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

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

318.

Brief Job Description: Responsible for providing quality IT support of enterprise systems throughout the chinese clientele.

319.

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

Basic Qualification: Knowledgeable in computer applications with good oral and written communication skills

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HUANG, ZHIQUAN Chinese Customer Support Representative 325.

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

Basic Qualification: University graduate; preferably with minimum of 10 years experience under the same capacity Salary Range: Php 150,000 - Php 499,999

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

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

ZHANG, GUANNAN Chinese Customer Support Representative 332.

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

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

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

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

XIONWEI TECHNOLOGY CO. LTD. INCORPORATED 2/f Upsi The Pearl Manila Hotel 1121 Gen. Luna St. 073, Bgy. 676 Ermita Manila XU, CHAOQUN Chinese Customer Support Representative 333.

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

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

ZAPPORT SERVICES, INC. 36/f Burgundy Corporate Tower 252 Sen. Gil J. Puyat Ave. Pio Del Pilar Makati City CHRISTIAN JOEBEL LEMBONG Indonesian Speaking Customer Service Officer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Customer support and data base services

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

SUN, TINGTING Chinese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Customer support and data base services

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

SONG, PENGFEI Chinese Customer Support Representative

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

Basic Qualification: Customer support and data base services

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

NIAN, WENXIANG Chinese Customer Support Representative

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

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

MA, XIANG Chinese Customer Support Representative

Basic Qualification: proficiency in speaking, reading & writing in mandarin

Basic Qualification: proficient in speaking, reading and writing in chinese

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

LIANG, ZAOCHENG Chinese Customer Support Representative

Basic Qualification: Proficiency in speaking, reading, and writing in any foreign language

Basic Qualification: proficient in speaking, reading and writing in chinese

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

HU, FEI Chinese Customer Support Representative

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

Basic Qualification: Fluent in chinese writing and speaking language.

VAN GOGH BUSINESS PROCESS OUTSOURCING INC. 5th To 8th Flr. Sm Southmall Tower 2 Alabang Zapote Rd. Almanza Uno Las Piñas City

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

Brief Job Description: Responsible for providing quality IT support of enterprise systems throughout the chinese clientele.

QUALIFICATION AND SALARY RANGE

TRIVES TECHNOLOGY CORPORATION Tower 4 Bayport West Naia Garden Residence, Naia Road Tambo Parañaque City

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

Brief Job Description: Responsible for providing quality IT support of enterprise systems throughout the chinese clientele ZHAO, HUANAN Chinese It Support Specialist

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

Brief Job Description: Responsible for providing quality IT support of enterprise systems throughout the chinese clientele. ZHANG, YINGNAN Chinese It Support Specialist

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

Brief Job Description: Responsible for providing quality IT support of enterprise systems throughout the chinese clientele. WU, KUN Chinese It Support Specialist

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

Brief Job Description: Responsible for providing quality IT support of enterprise systems throughout the chinese clientele WANG, PAN Chinese It Support Specialist

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

Brief Job Description: Responsible for providing quality IT support of enterprise systems throughout the chinese clientele. SUN, ZHENBO Chinese It Support Specialist

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION LI, XIANGYANG Chinese It Support Specialist

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

TIANYU TECHNOLOGY INC. 16/f Socialdesk Tower H.v. Dela Costa St. Bel-air Makati City HE, QIANG Chinese It Support Specialist

No.

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

SMCC PHILIPPINES, INC. 6/f Peninsula Court Bldg. 8735 Paseo De Roxas Bel-air Makati City

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

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

SA RIVENDELL GLOBAL SUPPORT, INC. 2741 P. Zamora St. Brgy. 097 Pasay City

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

PAN, MENGYUAN Chinese Customer Service

XU, MIANJUN Mandarin Technical Support

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

Brief Job Description: Customer support and data base services

QIU, XINHUA Mandarin Technical Support

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

CHEN, XIAOYUN Chinese Customer Service

LO, NGAI SHING Mandarin Team Leader

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

QUALIFICATION AND SALARY RANGE

RED DOT MARKETING AND BRANDING INC. Unit 1514 Burgundy Transpacific Place Taft Ave. 079, Bgy. 727 Malate Manila

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

ESTABLISHMENT / ADDRESS

NEW ORIENTAL CLUB88 CORPORATION Sky Garage Bldg. Aseana Avenue, Entertainment City Tambo Parañaque City 1331 Pearl Plaza Bldg. Quirino Ave. Tambo Parañaque City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write chinese language

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

www.businessmirror.com.ph

334.

Brief Job Description: Proven experience providing on a daily operations of call center activities performing customer oriented telephone activities and various background operation duties

Basic Qualification: Indonesian speaking and written Salary Range: Php 150,000 - Php 499,999 *Date Generated: Jun 7, 2021

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-NCR Regional Office located at DOLE-NCR Building, 967 Maligaya St., Malate Manila, within 30 days after this publication. Please inform DOLE-NCR if you have any information on criminal offense committed by the foreign nationals.

Companies BusinessMirror

Editor: Jennifer A. Ng

Tuesday, June 8, 2021

DNL shareholders give nod to ₧5-B maiden bond issue By VG Cabuag

@villygc

hareholders of chemical manufacturer D and L Industries Inc. (DNL) have approved the company’s plan to sell some P5 billion in fixed-rate bonds in September.

DNL said the company’s first debt paper issuance involved some P3 billion in principal amount and P2 billion in over-subscription option. The bonds will be listed for trading on the Philippine Dealing and Exchange Corp. Alvin Lao, the company’s president and CEO, said the company is still deciding on the final tenor of the bonds, but it will only choose between 3 and 5 years, depending on the interest rate environment at the time of the float. “In the meantime we have been working with the lawyers and the banks. We hope to submit it soon to the SEC [Securities and Exchange

Commission]. I believe we’re targeting to issue it during the first or second week of September,” Lao said during an online briefing after the company’s annual stockholders’ meeting. “It’s more conservative to have some debt long term considering we have some long term assets that we have to finance like the construction of the Batangas plant. So that’s why issuing the bond seems to make more sense [than doing a preferred share sale or private placement].” Proceeds from the bond issuance will be used to finance the company’s new plant in Batangas which involves a total estimated capital expenditure

(capex) of P8 billion and other working capital requirements. Construction for the expanded factory of the company, which started in late 2018, is scheduled to be completed this year. Lao said, however, there may be delays partly as a result of the stricter lockdowns that the government implemented when coronavirus cases surged in March to April. “There are possible delays due to supply chain [constraints] around the world and also in shipments [of cargo]. We’re still assessing the full impact. In the next couple of weeks we will have more information and when we do, we’ll have the disclosure.” Remaining capex to be deployed for the project is about P4 billion, the company said earlier. DNL during its stockholders’ meeting declared cash dividends amounting to P1.36 billion as it was able to post growth despite the reimposition of tougher quarantine measures. The company declared a regular cash dividend of P0.141 per share plus a special cash dividend of P0.05 per share to shareholders of record

First Gen taps Svitzer for LNG project By Lenie Lectura @llectura

irst Gen Corp. has tapped an affiliate of the Maersk Group to tow its floating storage regasification unit (FSRU) to its Clean Energy Complex in Batangas City. FGEN LNG Corp., a subsidiary of First Gen, said it has recently executed a 10-year Time Charter Party with global towage service provider Svitzer for the provision of towage and other vessel support services requirements of its Interim Offshore LNG Terminal project. Svitzer will provide 4 new build 75-tons bollard pill tug vessels with Class Notation under Lloyd’s Register that will assist the FSRU for

the project and liquefied natural gas (LNG) carriers that will call at FSRU for berthing, un-berthing, navigation assistance, and provide other services including fire-fighting, pollution control, port and vessel security services, pilot and boarding party transfer, and fender management. Svitzer is equipped to provide towage and marine services to FGEN LNG, and well-positioned to help minimize project risks. As part of the Maersk Group, which is based in Denmark, Svitzer offers FGEN LNG access to a suite of competencies across the offshore support services and terminal towage sectors. FGEN LNG’s project will serve the natural gas requirement of ex-

isting and future gas-fired power plants of third parties and FGEN affiliates as early as the third quarter of 2022. “FGEN LNG believes the project as a whole will play a critical role in ensuring the energy security of the Luzon grid and the Philippines, particularly as the Malampaya gas resource is expected to be less reliable in producing and providing sufficient fuel supply for the country’s existing gas-fired power plants, and even less so for additional gas plants,” it said, adding that the entry of LNG will encourage new power plant developments, as well as industrial and transport industries, to consider it as a replacement to more costly and polluting fuels.

Flipkart is in talks to raise $3B from investors

lipk art, the Ind ian ecommerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar with the matter. The startup is targeting a valuation of about $40 billion and is in discussions with Singapore’s GIC Pte., Canada Pension Plan Investment Board and the Abu Dhabi Investment Author it y, said the people, asking not to be named because the discussions are private. Japan’s SoftBank, which had prev iously backed Flipkart before selling its stake to Walmart, could invest $300 million to $500 million of the total through its Vision Fund II, one of the people said. Flipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said. The company had targeted an initial public offering (IPO) as soon as the fourth quarter of this year, but those plans have been delayed by the coronavirus resurgence in India. The fundraising discussions are not yet finalized and could still change, the people said. SoftBank and GIC declined to comment, while Flipkart did not

immediately respond to requests for comment. The e-commerce market has boomed over the past 18 months, one of the clear beneficiaries of the pandemic. Shares of Amazon. com Inc., which competes with Flipkart in India, soared more than 70 percent during that period to a market value of $1.6 trillion. One of the most successful IPOs this year was South Korea’s Coupang Inc., another SoftBankbacked e-commerce provider. India has enormous potential for growth, as demonstrated during the pandemic. The population of 1.3 billion is rapidly adopting digital technologies as the standard of living rises, while traditional retailers are not as established as in markets like the United States. That has helped fuel the interest in Flipkart from investors at the targeted $40 billion valuation. If the company makes its debut in the public markets next year as planned, it could be the largest IPO of an Indian startup. The deal would mark an unlikely return for SoftBank. The Japanese company agreed to sell its stake in Flipkart to Walmart in 2018, reaping a profit of about $1.5 billion in the span of a year. Flipkart was founded in 2007 by two former Amazon engineers and

acquired by Walmart 11 years later in the American retailer’s largest acquisition ever. Walmart has since invested more than $1.5 billion in the retail platform, at the same time Amazon has pumped billions into its local business. Today, Flipkart includes the fashion retailer Myntra and Flipkart Wholesale, its digital marketplace targeted at small and medium businesses. Flipkart also owns a substantial stake in digital payments provider PhonePe. Since the beginning of the pandemic, Flipkart and its peers have expanded further into smaller Indian cities. The online retailer is increasingly seeing first-time internet users shop on Indian language versions of its service—it currently offers 11 languages— and also voice-enabled shopping. Annual revenues are at about $15 billion, according to one of the people, driven mostly by sales of electronics and fashion but, increasingly, also home furnishings, health care and groceries. The potential funding could help Flipkart invest in its supply chain, technology and possible acquisitions as it battles rising competition. Besides Amazon, a pair of domestic entrants are backed by two of the country’s most powerful conglomerates, Reliance Industries and Tata Group. Bloomberg News

as of June 21. This year’s dividend translates to a dividend yield of 2.4 percent based on the stock’s last closing price of P7.94. The P1.36 billion to be paid out is equivalent to 68 percent of last year’s net income. Including this year’s payment, the company has returned a total of P11.5 billion in cash to shareholders through dividends since its initial public offering in 2012. The company also paid a 100 percent stock dividend in September 2015. “Management remains highly committed to its dividend policy of a 50-percent payout ratio based on prior year’s net income. In addition, the company has resumed payment of a special dividend after it was paused last year due to the uncertainty brought about by the Covid-19 pandemic,” it said. “While challenges brought about by the pandemic remain, management believes that with appropriate adjustments and operational contingencies already in place, DNL is in a far better position to thrive in an adverse environment and a potentially protracted economic recovery period.”

GCash, AirAsia forge strategic partnership By Lorenz S. Marasigan @lorenzmarasigan

inancial technology (fintech) player GCash and budget carrier AirAsia Philippines expect to grow their transactions through a strategic partnership that allows GCash users to pay for their AirAsia flights via their mobile wallets. AirAsia Philippines CFO Ray Berja said the two groups see as much as a 10-percent hike in flight bookings and GCash in terms of transactions through the partnership. Berja used to be the CFO of GCash before moving to AirAsia Philippines. “We expect around 5 percent to 10 percent annual increase in transactions for both GCash and AirAsia. This partnership will enhance both platforms, extending our reach to a bigger audience and allowing both to grow expansively in the digital space,” he said in a text message to the BusinessMirror. Berja also noted that the “collaboration is a great way to expand both our subscriber bases.” GCash currently has 40 million users, while AirAsia has 20 million customers. Through the partnership, the two groups hope to provide “swift

and seamless customer experience” to flyers. The partnership allows GCash users to pay for their AirAsia plane fare and accommodation in partner hotels using the GCash apps on their mobile phones. They can also opt for contactless payment using the GCash app at AirAsia counters. “At GCash, we have pioneered a number of digital payment innovations to help Filipinos during the pandemic, and this partnership with AirAsia is a continuation of its thrust to provide users with safe and convenient payment solutions. AirAsia supports this thrust as it continues to provide its customers with convenience and safety when flying with them,” GCash President Martha Sazon said. AirAsia is also offering discounted seats for customers booking for flights from June 7 to June 13.

Companies BusinessMirror

Tuesday, June 8, 2021

PSE STOCK QUOTATIONS

June 7, 2021

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

ASIA UNITED BDO UNIBANK BANK PH ISLANDS CHINABANK CITYSTATE BANK EAST WEST BANK METROBANK PB BANK PBCOM PHIL NATL BANK PSBANK RCBC SECURITY BANK UNION BANK BRIGHT KINDLE COL FINANCIAL FERRONOUX HLDG IREMIT MEDCO HLDG NTL REINSURANCE PHIL STOCK EXCH VANTAGE

43.2 106.3 85.15 24.05 7.33 9.65 48.8 10.22 20 22.9 55.55 17.2 123.9 75.95 1.3 4.05 2.99 1.35 0.385 0.68 197 0.94

44.65 106.4 85.2 24.2 8.2 9.67 48.85 10.24 20.2 22.95 56 17.22 124 76 1.4 4.08 3.15 1.41 0.4 0.71 199 1.03

43.2 107 85.75 24.4 7.23 9.7 49.1 10.22 20 23.05 56.5 17.22 126.2 77.1 1.3 4.05 3.01 1.43 0.4 0.72 205 1.04

43.2 107 85.85 24.4 8.2 9.7 49.1 10.24 20 23.2 56.5 17.32 127 77.1 1.4 4.05 3.01 1.43 0.4 0.72 205 1.05

43.2 105.9 85 24 7.23 9.61 48.6 10.22 20 22.85 56 17.22 123.4 75.85 1.3 4 3 1.3 0.4 0.71 197 0.94

43.2 106.4 85.15 24.2 8.2 9.65 48.85 10.22 20 22.9 56 17.22 123.9 76 1.4 4.05 3 1.3 0.4 0.71 199 1.02

1,900 1,271,070 1,671,340 120,500 200 202,000 1,213,900 220,200 15,200 547,100 500 36,300 482,620 9,410 24,000 157,000 20,000 3,000 10,000 6,000 11,190 68,000

82,080 135,382,576 142,603,810 2,896,870 1,543 1,952,939 59,322,820 2,250,446 304,000 12,600,590 28,010 625,366 59,988,408 716,759.50 33,200 631,890 60,100 4,030 4,000 4,270 2,236,868 68,510

-4,320 -10,745,883 800,655.50 -641,400 -809,965.00 13,255,220 204,400 -2,677,535 -30,793,750 215,369.50 -63,162 -

INDUSTRIAL AC ENERGY 7.78 7.84 7.78 7.92 7.66 7.78 33,583,600 262,439,878 1.34 1.35 1.35 1.35 1.34 1.34 95,000 127,710 ALSONS CONS ABOITIZ POWER 23.1 23.15 22.95 23.45 22.9 23.15 4,165,000 96,732,710 BASIC ENERGY 0.83 0.84 0.83 0.85 0.82 0.84 18,868,000 15,688,050 30.9 30.95 30.95 31.1 30.65 30.9 669,800 20,703,025 FIRST GEN 68.35 69 68.2 68.5 68.2 68.35 73,800 5,041,613.50 FIRST PHIL HLDG MERALCO 275 277 281 282 275 275 409,610 113,661,824 MANILA WATER 15 15.1 14.88 15.32 14.88 15 1,537,500 23,290,118 3.2 3.23 3.28 3.29 3.2 3.2 2,158,000 7,000,370 PETRON 4.04 4.15 4.1 4.15 4.02 4.04 19,000 78,110 PETROENERGY PHX PETROLEUM 12.54 12.8 12.78 12.94 12.5 12.8 136,100 1,727,954 PILIPINAS SHELL 20.65 20.7 20.85 21 20.65 20.7 189,100 3,930,215 11.7 11.74 11.7 11.78 11.64 11.74 495,200 5,800,010 SPC POWER VIVANT 14.9 15.02 15 15.02 15 15.02 2,100 31,506 AGRINURTURE 6.33 6.45 6.29 6.55 6.26 6.45 4,407,600 28,271,772 2.95 2.99 3 3 2.95 2.99 588,000 1,745,210 AXELUM 60.5 77 77.9 77.9 77.9 77.9 50 3,895 BOGO MEDELLIN CNTRL AZUCARERA 13.26 13.46 13.24 13.24 13.24 13.24 500 6,620 24 24.05 24.3 24.3 23.8 24 994,700 23,879,415 CENTURY FOOD 15.86 15.9 14.9 15.96 14.9 15.86 1,443,500 22,394,080 DEL MONTE 8.05 8.07 8 8.2 7.82 8.05 2,109,100 17,000,304 DNL INDUS EMPERADOR 9.63 9.79 9.69 9.79 9.59 9.63 407,600 3,920,991 SMC FOODANDBEV 70.95 71 70.5 70.95 70.25 70.95 26,680 1,883,156.50 0.63 0.64 0.64 0.65 0.62 0.64 192,000 122,600 ALLIANCE SELECT 1.43 1.46 1.43 1.46 1.42 1.46 6,076,000 8,761,250 FRUITAS HLDG GINEBRA 72.55 72.6 74 74 72.15 72.6 61,640 4,476,064 196 196.1 194.1 196.7 194 196 542,080 106,210,338 JOLLIBEE 29.25 30 29.85 30 29.85 30 3,700 110,725 LIBERTY FLOUR MACAY HLDG 7.34 7.65 7.35 7.65 7.34 7.65 10,200 74,911 6.49 6.59 6.68 6.69 6.45 6.59 141,900 929,725 MAXS GROUP 0.26 0.265 0.26 0.26 0.255 0.26 1,250,000 324,600 MG HLDG 13.44 13.46 13.4 13.48 13.38 13.46 8,020,600 107,596,098 MONDE NISSIN SHAKEYS PIZZA 8.05 8.08 8.1 8.1 8.01 8.08 56,100 452,613 ROXAS AND CO 1.05 1.06 1.04 1.05 1.04 1.05 2,499,000 2,610,120 4.51 4.59 4.6 4.6 4.5 4.5 14,000 63,300 RFM CORP 1.45 1.5 1.5 1.5 1.5 1.5 2,000 3,000 ROXAS HLDG SWIFT FOODS 0.138 0.139 0.129 0.147 0.129 0.139 94,690,000 13,339,740 UNIV ROBINA 139 141 141.4 142 138.5 141 320,090 44,804,939 0.89 0.9 0.88 0.91 0.88 0.89 1,092,000 979,840 VITARICH VICTORIAS 2.42 2.54 2.53 2.53 2.53 2.53 30,000 75,900 52.5 52.6 52.65 52.8 52.6 52.6 3,600 189,440 CONCRETE A 60 62.95 60 60 60 60 1,870 112,200 CONCRETE B 1.32 1.33 1.34 1.34 1.32 1.33 2,285,000 3,031,440 CEMEX HLDG DAVINCI CAPITAL 2.85 2.86 2.9 2.97 2.8 2.86 2,347,000 6,758,000 EAGLE CEMENT 13.36 13.38 13.34 13.5 13.32 13.36 58,400 778,630 7.3 7.35 7.29 7.3 7.29 7.3 45,500 332,139 EEI CORP 6.65 6.68 6.8 6.83 6.61 6.65 697,400 4,685,712 HOLCIM MEGAWIDE 6.68 6.7 6.87 6.87 6.65 6.7 683,600 4,597,616 PHINMA 12.58 12.6 12.42 12.6 12.4 12.58 132,700 1,655,276 1.06 1.11 1.1 1.1 1.1 1.1 54,000 59,400 TKC METALS VULCAN INDL 2.14 2.16 2.15 2.16 2.1 2.16 3,983,000 8,506,550 1.83 1.84 1.82 1.84 1.81 1.84 760,000 1,388,690 CROWN ASIA 1.96 1.97 1.98 1.98 1.96 1.96 73,000 143,600 EUROMED 4.24 4.58 4.25 4.25 4.22 4.22 90,000 380,280 LMG CORP PRYCE CORP 5.54 5.55 5.46 5.55 5.46 5.55 73,900 407,976 21.05 21.55 21.5 21.5 21.05 21.05 355,600 7,644,955 CONCEPCION 3.86 3.88 3.9 3.92 3.85 3.88 3,464,000 13,410,660 GREENERGY 9.11 9.15 9.3 9.3 9.1 9.11 1,109,400 10,180,419 INTEGRATED MICR IONICS 1.1 1.12 1.13 1.13 1.1 1.1 164,000 184,180 PANASONIC 5.82 5.84 6.08 6.08 5.77 5.84 21,500 125,695 1.33 1.35 1.37 1.39 1.32 1.32 189,000 254,500 SFA SEMICON 5.77 5.78 5.89 5.9 5.71 5.77 1,349,300 7,774,734 CIRTEK HLDG

-49,251,604 -55,738,555 250,350 5,517,895 -66,220,502 851,976 -2,494,400 -20,500 -188,356 -2,812,680 -4,506 -5,284,530 -10,184,005 1,673,254 -1,174,272 468,318 52,933.50 -8,960 7,150 2,097,694 25,291,254 38,845 23,400 -2,514,252 -64,514 -37,560 121,580 -11,127,717 4,500 53,300 33,330 526,612 568,562 199,805 -892,400 -18,330 0 -137,770 -2,112,421 3,390.00 940 234,686

HOLDING & FRIMS ABACORE CAPITAL 1.03 1.04 1.05 1.06 1.03 1.03 4,266,000 4,429,830 7.02 7.35 7.39 7.4 7.35 7.39 1,200 8,861 ASIABEST GROUP AYALA CORP 795 799 806 806 795 795 82,870 66,130,180 ABOITIZ EQUITY 39.15 39.2 38.65 39.45 38.65 39.2 422,600 16,551,140 10.24 10.44 10.6 10.62 10.24 10.24 3,559,600 36,817,358 ALLIANCE GLOBAL 3.1 3.12 3.17 3.17 3.09 3.1 1,729,000 5,392,000 AYALA LAND LOG ANSCOR 7 7.15 7 7 7 7 31,100 217,700 0.86 0.87 0.84 0.86 0.83 0.86 4,531,000 3,858,170 ANGLO PHIL HLDG 0.7 0.71 0.69 0.7 0.69 0.7 299,000 208,930 ATN HLDG A 0.68 0.74 0.74 0.74 0.74 0.74 10,000 7,400 ATN HLDG B COSCO CAPITAL 5.2 5.21 5.25 5.27 5.2 5.2 1,095,900 5,721,597 DMCI HLDG 5.83 5.85 5.95 5.97 5.81 5.83 5,153,500 30,312,524 7.98 7.99 8.19 8.19 7.96 7.99 154,900 1,236,815 FILINVEST DEV FORUM PACIFIC 0.26 0.3 0.28 0.3 0.28 0.3 290,000 81,700 588.5 590 583 594.5 583 590 47,830 28,214,110 GT CAPITAL 3.51 3.67 3.5 3.68 3.5 3.68 2,000 7,180 HOUSE OF INV 60 60.5 59 60.5 59 60.5 1,251,020 75,099,753 JG SUMMIT JOLLIVILLE HLDG 4.52 5.09 4.52 4.52 4.52 4.52 2,000 9,040 0.85 0.87 0.88 0.88 0.86 0.87 564,000 489,640 LODESTAR 3.19 3.29 3.3 3.3 3.3 3.3 16,000 52,800 LOPEZ HLDG 13.78 13.8 13.8 13.96 13.78 13.8 837,100 11,553,078 LT GROUP MABUHAY HLDG 0.45 0.475 0.475 0.48 0.475 0.48 1,490,000 707,800 METRO PAC INV 4.06 4.07 4.06 4.08 4.04 4.07 4,551,000 18,490,330 3.64 3.69 3.64 3.64 3.62 3.64 17,000 61,690 PACIFICA HLDG 2.8 2.81 2.86 2.86 2.76 2.81 525,000 1,471,460 PRIME MEDIA SOLID GROUP 1.18 1.21 1.16 1.2 1.16 1.2 362,000 431,060 990 995 1,000 1,000 980 990 72,615 72,024,780 SM INVESTMENTS 117.5 118.3 118.5 119 117.5 117.5 89,090 10,499,051 SAN MIGUEL CORP SOC RESOURCES 0.71 0.73 0.73 0.73 0.73 0.73 3,000 2,190 2.05 2.43 2.05 2.05 2.04 2.04 6,000 12,290 SEAFRONT RES 0.27 0.28 0.255 0.28 0.255 0.28 1,600,000 430,750 WELLEX INDUS 0.206 0.215 0.205 0.21 0.205 0.21 130,000 26,900 ZEUS HLDG

64,500 -10,055,455 3,891,825 -28,267,468 208,540 -86,000 -2,950,208 8,336,276 -1,082,764 4,636,890 19,820,545 9,900 -8,731,454 -4,800 2,203,260.00 -55,920 -59,500 -4,158,470 -5,618,722 -

PROPERTY ARTHALAND CORP 0.63 0.64 0.64 0.64 0.62 0.63 135,000 85,720 7.34 7.5 7.5 7.5 7.5 7.5 600 4,500 ANCHOR LAND AYALA LAND 36.15 36.3 36.65 36.7 35.8 36.3 7,407,600 268,705,810 ARANETA PROP 1.16 1.22 1.16 1.16 1.15 1.16 347,000 402,470 36.55 36.6 36.55 36.95 36.55 36.6 1,178,700 43,320,590 AREIT RT 1.44 1.45 1.4 1.45 1.4 1.45 367,000 527,160 BELLE CORP A BROWN 0.96 0.98 0.96 0.99 0.96 0.96 1,853,000 1,805,920 0.93 0.94 0.9 0.93 0.88 0.93 596,000 542,800 CITYLAND DEVT 0.13 0.131 0.126 0.131 0.126 0.13 44,070,000 5,644,250 CROWN EQUITIES 6.52 6.59 6.5 6.55 6.5 6.55 15,200 99,300 CEBU HLDG CEB LANDMASTERS 6.78 6.79 7 7 6.7 6.79 3,012,000 20,623,567 CENTURY PROP 0.41 0.415 0.405 0.415 0.405 0.415 10,120,000 4,133,350 0.32 0.325 0.325 0.325 0.325 0.325 50,000 16,250 CYBER BAY DOUBLEDRAGON 12.26 12.28 12.3 12.32 12.22 12.28 184,000 2,259,294 DDMP RT 1.93 1.94 1.94 1.94 1.92 1.93 8,081,000 15,607,080 6.8 6.82 6.89 6.89 6.8 6.8 18,500 126,373 DM WENCESLAO 0.27 0.275 0.27 0.27 0.27 0.27 420,000 113,400 EMPIRE EAST EVER GOTESCO 0.29 - 0.203 0.29 0.202 0.29 276,410,000 72,031,520 FILINVEST LAND 1.07 1.08 1.08 1.08 1.05 1.08 9,657,000 10,288,360 0.89 0.9 0.89 0.89 0.89 0.89 14,000 12,460 GLOBAL ESTATE 7.2 7.36 7.39 7.4 7.19 7.2 2,600 18,958 8990 HLDG PHIL INFRADEV 1.35 1.36 1.33 1.36 1.33 1.35 953,000 1,285,860 CITY AND LAND 2.07 2.08 1.89 2.09 1.88 2.07 7,374,000 14,773,780 3.13 3.14 3.2 3.2 3.13 3.13 45,187,000 142,331,010 MEGAWORLD 0.37 0.375 0.375 0.38 0.365 0.37 13,430,000 4,996,100 MRC ALLIED PHIL ESTATES 0.54 0.55 0.54 0.56 0.54 0.55 4,021,000 2,203,320 3.67 3.68 3.84 3.87 3.63 3.68 10,399,000 38,698,800 PRIMEX CORP 17.7 17.72 17.72 17.78 17.58 17.7 1,314,000 23,232,900 ROBINSONS LAND PHIL REALTY 0.241 0.249 0.249 0.249 0.249 0.249 30,000 7,470 1.49 1.5 1.5 1.51 1.5 1.5 20,000 30,030 ROCKWELL 2.62 2.66 2.66 2.66 2.66 2.66 2,000 5,320 SHANG PROP 2.58 2.6 2.52 2.6 2.52 2.6 190,000 490,820 STA LUCIA LAND SM PRIME HLDG 36.55 36.65 37.1 37.1 36.3 36.65 2,651,400 97,221,425 VISTAMALLS 3.85 3.97 3.99 3.99 3.85 3.97 7,000 27,730 1.76 1.77 1.57 1.79 1.57 1.76 6,323,000 10,825,410 SUNTRUST HOME 3.76 3.77 3.85 3.85 3.77 3.77 16,952,000 64,206,670 VISTA LAND SERVICES ABS CBN 11.6 11.64 11.42 11.66 11.32 11.64 59,200 682,104 9.88 9.89 9.53 9.89 9.53 9.89 2,012,700 19,770,457 GMA NETWORK GLOBE TELECOM 1,840 1,850 1,843 1,864 1,840 1,840 60,275 111,389,560 PLDT 1,320 1,323 1,328 1,328 1,316 1,323 40,965 54,152,190 0.183 0.184 0.188 0.188 0.184 0.184 111,110,000 20,573,180 APOLLO GLOBAL 20.2 20.25 20.35 20.35 19.98 20.2 2,262,100 45,495,095 CONVERGE DFNN INC 4.19 4.2 4 4.2 4 4.19 1,838,000 7,566,060 DITO CME HLDG 9.9 9.92 9.94 10.08 9.87 9.9 6,996,200 69,866,406 2.14 2.2 2.16 2.2 2.16 2.2 11,000 23,840 JACKSTONES 2.42 2.43 2.5 2.5 2.42 2.43 4,215,000 10,361,850 NOW CORP TRANSPACIFIC BR 0.405 0.41 0.41 0.415 0.4 0.405 11,620,000 4,725,650 PHILWEB 2.45 2.48 2.5 2.52 2.45 2.45 1,134,000 2,811,220 8.7 8.75 8.9 8.9 8.5 8.69 99,100 867,303 2GO GROUP ASIAN TERMINALS 14.62 15.14 15.12 15.14 15.12 15.14 1,200 18,164 3.15 3.17 3.16 3.19 3.14 3.15 674,000 2,129,840 CHELSEA 47.25 47.4 47.2 47.5 46.5 47.4 585,000 27,561,755 CEBU AIR 147 147.5 147.9 147.9 146.5 147 1,335,170 196,492,081 INTL CONTAINER LBC EXPRESS 17.1 17.16 16.8 17.1 16.5 17.1 120,800 2,056,150 1.02 1.07 1.02 1.07 1.02 1.06 125,000 130,150 LORENZO SHIPPNG 5.55 5.56 5.6 5.69 5.33 5.56 2,668,100 14,789,921 MACROASIA 2.25 2.27 2.28 2.28 2.2 2.27 94,000 210,970 METROALLIANCE A METROALLIANCE B 2.21 2.3 2.2 2.25 2.2 2.25 44,000 98,100 6.16 6.17 6.06 6.17 6.06 6.16 181,500 1,115,414 PAL HLDG 1.18 1.21 1.21 1.21 1.18 1.21 131,000 156,130 HARBOR STAR 1.57 1.7 1.7 1.7 1.7 1.7 2,000 3,400 ACESITE HOTEL BOULEVARD HLDG 0.099 0.1 0.105 0.105 0.1 0.1 125,200,000 12,636,490 3.35 3.47 3.3 3.48 3.3 3.47 63,000 211,840 DISCOVERY WORLD 12.04 15.98 16.02 16.02 15.48 16 1,100 17,398 GRAND PLAZA WATERFRONT 0.54 0.56 0.53 0.56 0.53 0.54 625,000 338,940 6.55 6.87 6.52 6.52 6.52 6.52 4,300 28,036 CENTRO ESCOLAR 600 647 600 649 600 600 120 73,470 FAR EASTERN U 0.38 0.385 0.38 0.385 0.38 0.38 1,220,000 467,650 STI HLDG BERJAYA 5.02 5.19 5.2 5.25 5.01 5.19 2,200 11,452 BLOOMBERRY 7.04 7.05 7.14 7.14 7.03 7.05 1,652,100 11,691,722 2.05 2.09 2.06 2.06 2.06 2.06 29,000 59,740 PACIFIC ONLINE 1.65 1.66 1.67 1.69 1.63 1.66 3,913,000 6,509,230 LEISURE AND RES MANILA JOCKEY 2.07 2.11 2.11 2.11 2.09 2.09 8,000 16,800 1.91 1.94 1.93 1.94 1.91 1.91 1,389,000 2,664,210 PH RESORTS GRP 0.415 0.42 0.42 0.425 0.42 0.42 1,080,000 456,250 PREMIUM LEISURE PHIL RACING 5.8 6 5.82 5.82 5.82 5.82 3,000 17,460 7.61 7.62 7.6 7.7 7.58 7.62 190,300 1,450,106 ALLHOME 1.33 1.34 1.34 1.34 1.32 1.34 729,000 970,810 METRO RETAIL 38.2 38.3 38 38.85 38 38.2 1,553,900 59,769,805 PUREGOLD ROBINSONS RTL 53.55 53.7 53.95 54 53.35 53.7 399,370 21,435,311 PHIL SEVEN CORP 102.8 103 102.6 104 102.6 103 120 12,380 1.31 1.32 1.34 1.34 1.29 1.31 2,943,000 3,858,400 SSI GROUP 18.5 18.54 18.48 18.88 18.3 18.5 2,456,700 45,518,666 WILCON DEPOT APC GROUP 0.385 0.395 0.39 0.39 0.38 0.39 1,050,000 403,750 EASYCALL 6.1 6.34 6 6.37 6 6.26 6,000 37,599 5.18 5.25 5.18 5.18 5.18 5.18 500 2,590 IPM HLDG PRMIERE HORIZON 1.83 1.84 1.89 1.89 1.84 1.84 11,411,000 21,125,050 SBS PHIL CORP 4.2 4.34 4.25 4.25 4.25 4.25 1,000 4,250

44,800 20,046,835 -24,956,860 -40,600 2,089,095 53,056 251,580 8,100 -361,840 -4,978,280 6,408 -36,270 -165,030 -60,008,730 347,600 5,819,760 -9,937,050 -23,857,945 -106,360 12,624,310 -78,647,615 -1,254,180 646,080 7,365,491 610,750.00 458,629.00 -7,350,500 142,000 8,750 -6,370 1,880,710 154,526,194 -258,481 824,107 -11,870 140,660 13,910 80,800 5,200 -4,040,648 -10,110.00 15,470 -27,716 200,600 11,280,840 -68,618 4,100 -950,720 36,655,702 -500 300,170 -

MINING & OIL ATOK 9.95 9.98 9.75 10.5 9.75 9.95 2,690,400 26,970,831 -2,044,967 APEX MINING 1.81 1.82 1.78 1.85 1.78 1.81 9,762,000 17,623,350 -91,280 ATLAS MINING 7.29 7.3 7.09 7.29 7.09 7.29 1,721,500 12,355,539 4.5 4.55 4.07 4.5 4.05 4.5 881,000 3,735,430 BENGUET A 4.38 4.49 4.08 4.38 4 4.38 538,000 2,253,490 292,380 BENGUET B COAL ASIA HLDG 0.305 0.32 0.305 0.32 0.305 0.32 530,000 163,650 2.8 2.85 2.83 2.85 2.83 2.85 15,000 42,690 42,690 CENTURY PEAK 6.7 6.71 6.65 6.72 6.52 6.71 44,000 291,684 -24,790 DIZON MINES 2.64 2.66 2.61 2.71 2.61 2.66 6,700,000 17,868,360 -1,630,870 FERRONICKEL GEOGRACE 0.32 0.33 0.325 0.345 0.315 0.33 3,770,000 1,234,050 -678,350 LEPANTO A 0.156 0.158 0.16 0.16 0.156 0.156 33,540,000 5,298,780 0.158 0.168 0.162 0.162 0.158 0.158 410,000 66,380 LEPANTO B MANILA MINING A 0.012 0.013 0.013 0.013 0.012 0.012 541,300,000 6,523,900 0.013 0.014 0.014 0.014 0.014 0.014 800,000 11,200 1,400 MANILA MINING B 1.29 1.3 1.25 1.29 1.25 1.29 474,000 599,300 -22,780 MARCVENTURES 1.52 1.53 1.57 1.57 1.48 1.52 1,488,000 2,254,700 32,960 NIHAO NICKEL ASIA 5.12 5.13 5.14 5.25 5.12 5.12 2,449,500 12,658,727 746,353 OMICO CORP 0.395 0.405 0.395 0.405 0.39 0.405 470,000 184,800 0.94 0.97 0.96 0.99 0.95 0.97 464,000 442,480 -104,830 ORNTL PENINSULA 7.2 7.21 6.99 7.24 6.94 7.2 3,399,200 24,362,000 644,507 PX MINING SEMIRARA MINING 14 14.04 13.88 14.08 13.88 14 1,135,700 15,895,312 2,198,104 UNITED PARAGON 0.0093 0.0094 0.0092 0.0093 0.0092 0.0093 84,000,000 777,900 -83,800 17.1 17.18 17 17.18 16.88 17.18 79,700 1,358,888 -109,132 ACE ENEXOR 0.011 0.012 0.012 0.012 0.011 0.012 7,300,000 82,600 ORNTL PETROL A ORNTL PETROL B 0.012 0.013 0.012 0.013 0.012 0.013 1,200,000 15,500 0.011 0.012 0.011 0.012 0.011 0.012 7,500,000 83,600 PHILODRILL 8.44 8.5 8.5 8.92 8.39 8.44 2,268,700 19,668,554 -660,170.00 PXP ENERGY PREFFERED HOUSE PREF B 101 101.5 101.5 101.5 101.5 101.5 10 1,015 100.6 101 101 101 101 101 90 9,090 ALCO PREF B AC PREF B2R 517.5 520 520 520 520 520 1,920 998,400 45.85 45.9 46 46.45 45.65 45.85 108,600 4,991,830 -225,220 CEB PREF 103.5 104.4 104.3 104.4 104.3 104.4 7,680 801,788 CPG PREF A 101 101.4 101 101 101 101 120 12,120 DD PREF FGEN PREF G 107.5 110 110 110 107.5 107.5 5,020 539,700 1,006 1,010 1,024 1,024 1,024 1,024 5 5,120 GTCAP PREF A 1,018 1,019 1,030 1,030 1,019 1,019 1,520 1,551,130 206,000 GTCAP PREF B 100.9 101 100.9 100.9 100.9 100.9 7,300 736,570 MWIDE PREF MWIDE PREF 2B 100.3 100.5 100.5 100.5 100.5 100.5 16,280 1,636,140 106 106.9 106.9 106.9 106.9 106.9 1,210 129,349 26,725 PNX PREF 3B 1,002 1,008 1,008 1,008 1,008 1,008 450 453,600 PNX PREF 4 PCOR PREF 2B 1,025 1,034 1,034 1,034 1,034 1,034 200 206,800 1,095 1,100 1,100 1,100 1,100 1,100 95 104,500 PCOR PREF 3A 1,135 1,159 1,146 1,146 1,140 1,140 50 57,240 PCOR PREF 3B 79.9 80 79.95 80 79.85 80 4,190 335,039 SMC PREF 2C SMC PREF 2E 77 77.8 77.8 77.8 77.8 77.8 66,500 5,173,700 78.1 78.8 78.35 78.35 78.1 78.1 13,400 1,048,625.50 SMC PREF 2H 78.5 79.5 79 79 78.5 78.5 54,020 4,240,580 SMC PREF 2I 76.15 77 77.1 77.1 76.15 76.15 49,970 3,851,146 SMC PREF 2J SMC PREF 2K 76 76.5 76.5 76.5 76.5 76.5 67,000 5,125,500 - PHIL. DEPOSITARY RECEIPTS ABS HLDG PDR 11 11.2 11 11 11 11 111,000 1,221,000 -165,000 9.38 9.43 9.12 9.48 9.12 9.43 269,300 2,516,056 -864,956 GMA HLDG PDR WARRANTS LR WARRANT 1.79 1.8 1.75 1.79 1.74 1.79 754,000 1,339,900 89,000 SMALL & MEDIUM ENTERPRISES ALTUS PROP 17.5 17.78 17.82 17.9 17.3 17.8 16,100 280,364 2.4 2.42 2.44 2.48 2.39 2.42 153,000 370,520 ITALPINAS KEPWEALTH 5.11 5.3 5.3 5.35 5.3 5.3 2,600 13,785 -2,650 MERRYMART 4.76 4.77 4.82 4.93 4.75 4.76 5,555,000 26,884,740 427,730 EXHANGE TRADE FUNDS FIRST METRO ETF 102.7 102.9 103 103.2 102.5 102.7 14,330 1,473,768 217,286

www.businessmirror.com.ph

ICTSI Rio sets up new unit for rail operations in Brazil

By Lorenz S. Marasigan

@lorenzmarasigan

he Brazilian subsidiary of International Container Terminal Services Inc. (ICTSI) is adding rail logistics to its operations through a long-term lease of the Floriano Intermodal Terminal in Barra Mansa, Rio de Janeiro. ICTSI Rio Brazil created a new company called IRB Logística to run the rail operations. It will take over the operations of the terminal from Multitex Logistica starting July 1. “We are excited for IRB Logística to commence operations and look forward to coordinating closely

with our sister company to improve synergy in the regional supply chain. While ICTSI Rio’s and IRB Logística’s operations are independent from one another, we share the common goal of driving economic growth in the region by providing more efficient, seamless,

and value-added solutions across the entire logistics chain,” ICTSI Rio CEO Roberto Lopes said. IRB Logística will offer sustainable cargo handling, transport, and storage services to the economic, industrial, and production centers in Rio de Janeiro, Minas Gerais, and São Paulo. The intermodal facility handles containerized cargo and steel products. The rail facility can accommodate up to 70 train wagons and features a yard storage and container stuffing. In March, ICTSI said it is spending $250 million in capital expenditures this year, a third larger than its actual spend in 2020, as it completes the expansion and the construction of its various ports globally. Based on a statement attached to a disclosure, the company has decided to increase its capital spending pro-

gram for 2021 by 30 percent to $250 million from its actual capital outlays of $198.7 million in 2020. The budget will be used to complete the expansion of the Manila International Container Terminal Inc., the yard expansion of its port in Matadi, Democratic Republic of Congo, and the new expansion project in Melbourne, Australia. It will also be used to acquire and upgrade new equipment and for its annual maintenance requirements. ICTSI also reported that its profits grew by a percentage point to $101.8 million in 2020 from $100.4 million the year prior thanks to the 2-percent increase in its gross revenues to $1.51 billion from $1.48 million the previous year, and the lower cash operating expenses resulting from the continuous groupwide cost reduction and optimization measures.

Google to overhaul global ad model G

oogle agreed to pay 220 million euros ($268 million) to settle a French antitrust probe over its abuse of power in online advertising. The French Competition Authority said Google has been unfairly sending business to its advertising server and its online-ad auction house, to the detriment of rivals. In addition to the fine, Google promised to remedy the situation by improving the interoperability of its Google Ad Manager services for third parties. “The decision fining Google is particularly significant as it is the first throughout the world to tackle complex algorithmic auction processes used for online display-advertising,” Isabelle de Silva, who heads France’s Autorité de la concurrence,

said in a statement on Monday. With separate cases into Google, Apple Inc. and Facebook Inc., French antitrust regulators are starting to rein in anti-competitive behavior in online advertising. While Google’s case ended with a fine, Facebook last week tried to avoid that by making commitments to placate regulators. The Google case stems from a complaint lodged in 2019 by Rupert Murdoch’s News Corp., French newspaper Le Figaro and Belgian media group Rossel La Voix. It’s not the first time Google has attracted French antitrust scrutiny over online advertising after a 150 million-euro fine in 2019. The search engine also risks a penalty in the coming weeks over suspicions it failed to comply with an order relating to its news service. Bloomberg News

mutual funds

June 7, 2021

NAV

One Year Three Year Five Year

per share

Return*

Y-T-D Return

Stock Funds ALFM Growth Fund, Inc. -a

218.93

2.91%

-5.97%

-3.75%

ATRAM Alpha Opportunity Fund, Inc. -a

1.3155

27.64%

-4.89%

0.74%

0.19%

4.24%

-10.59%

-6.11%

-4.42%

Climbs Share Capital Equity Investment Fund Corp. -a 0.7647 4.95%

-5.85% n.a.

-4.88%

First Metro Consumer Fund on MSCI Phils. IMI, Inc. -a 0.711

2.52%

-5.77% n.a.

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

4.89%

-4%

-2.35%

-3.22%

First Metro Save and Learn Philippine Index Fund, Inc. -a,4 0.6907

-4.57%

-7.82%

-7.14%

MBG Equity Investment Fund, Inc. -a

-5.34% n.a.

-6.15% -4.45%

ATRAM Philippine Equity Opportunity Fund, Inc. -a 2.9946

4.7821

-3.65%

-4.13%

95.67

24.98%

PAMI Equity Index Fund, Inc. -a

44.7634

4.27%

-4.17%

-2.59%

Philam Strategic Growth Fund, Inc. -a

470.89

3.38%

-4.1%

-2.93%

-3.7%

Philequity Alpha One Fund, Inc. -a,d,5

1.0567

15.59% n.a. n.a.

-3.7%

Philequity Dividend Yield Fund, Inc. -a

1.1353

5.74%

-3.81%

-2.09%

-2.82%

Philequity Fund, Inc. -a

33.5042

5.73%

-3.62%

-1.55%

-3.64%

Philequity MSCI Philippine Index Fund, Inc. -a

0.8709

Philequity PSE Index Fund Inc. -a

4.5856

2.82% n.a. n.a.

-4.61%

4.8%

-3.57%

-1.83%

-4.29%

Philippine Stock Index Fund Corp. -a

767.78

4.92%

-3.46%

-1.94%

-4.22%

Soldivo Strategic Growth Fund, Inc. -a

0.6948

4.69%

-7.88%

-5.19%

-3.35%

Sun Life Prosperity Philippine Equity Fund, Inc. -a 3.4813

2.78%

-5.83%

-3.32%

-3.93%

Sun Life Prosperity Philippine Stock Index Fund, Inc. -a 0.877 4.34%

-3.81%

-2.09%

-4.44%

United Fund, Inc. -a

-3.89%

-1.06%

-3.31%

-3.25%

-1.34%

3.2092

4.41%

-9.09%

Exchange Traded Fund First Metro Phil. Equity Exchange Traded Fund, Inc. -a,c 103.0402

4.86%

-4.2%

Primarily invested in foreign currency securities

Thai oil giant invests in plant protein to power new growth

hailand’s state-controlled PTT Pcl, the country’s largest company by market value, has invested in a venture to make plantbased protein, including so-called faux meat, as part of its objective to become less dependent on fossil-fuel businesses. The oil-and-gas giant formed a 300 million baht ($9.6 million) partnership with NR Instant Produce Pcl, which specializes in making protein from jackfruit, with commercial operations scheduled to start by the end of 2022. Although the project involves a small investment for a company with a market capitalization of $38 billion, it reflects the fact that “nontraditional” products are gradually becoming part of the norm, according to Senior Executive Vice President Buranin Rattanasombat. PTT, which currently gets more than 95 percent of its revenue from energy refining, processing, trading and retailing, has also made recent investments in electric-vehicle and life-science businesses. “It’s not that the demand for oil and gas will be gone anytime soon, but with countries setting goals of carbon neutrality within a few decades, there have to be changes along the way,” Buranin said in an interview. “We’re not shifting our portfolio overnight, but we are gradually adding new businesses that could provide growth in the future.” Buranin said that non-traditional businesses will generate as much

as a fifth of PTT’s revenue within a decade. Plant protein is particularly attractive because of the growing number of health- and environmentally-conscious consumers, he said. The project between wholly owned subsidiaries of PTT and NR Instant Produce will utilize local crops such as mung beans and mushrooms, he said. A success benchmark will be the level of exports, in line with the government’s goal of bolstering shipments of new food products. India, China and Southeast Asia will be key markets, he said. NR Instant Produce debuted on the Stock Exchange of Thailand last October; its shares now trade at nearly triple their initial public offering price. Beyond Meat Inc., a Californiabased maker of faux meat backed by Bill Gates, co-founder of Microsoft Corp., is probably the best-known company in the industry. Globally, plant-based-protein production is a $16 billion industry that’s expanding at between 10 percent to 15 percent annually, Buranin said. Thailand’s contribution to the sector is about $900 million, which will reach $1.4 billion in 2024, he said. The PTT-NR Instant venture will have annual capacity of 3,000 tons at the end of next year, the most in Thailand. “The United States and European markets have been the drivers growth for plant protein, while the Asian market is still small but offers high-growth potential,” he said. Bloomberg News

$1.2781

33.44%

4.96%

8.95%

6.25%

Sun Life Prosperity World Voyager Fund, Inc. -a $1.7507

ATRAM AsiaPlus Equity Fund, Inc. -b

29%

10.26%

11.48%

4.66%

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

1.6667

6.22%

-0.98%

-1.47%

-0.11%

ATRAM Philippine Balanced Fund, Inc. -a

2.2185

4.62%

-1.43%

-0.67%

-2.93%

First Metro Save and Learn Balanced Fund Inc. -a 2.5683

3.13%

-0.6%

-0.84%

-2.23%

First Metro Save and Learn F.O.C.C.U.S. Dynamic Fund, Inc. -a,1 0.1923

0.37% n.a. n.a.

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

3.38%

1.26%

0.52%

1.9393

PAMI Horizon Fund, Inc. -a

3.6538

2.32%

-0.05%

-0.58%

-3.55%

Philam Fund, Inc. -a

16.3787

2.88%

0.1%

-0.63%

-3.29%

Solidaritas Fund, Inc. -a

2.0437

3.28%

-0.93%

-0.48%

-2.41%

Sun Life of Canada Prosperity Balanced Fund, Inc. -a 3.4837 2.36%

-2.18%

-1.57%

-2.5%

0.87% n.a. n.a.

-4.48%

Sun Life Prosperity Achiever Fund 2028, Inc. -a,d 0.9768 Sun Life Prosperity Achiever Fund 2038, Inc. -a,d 0.8965

0.9% n.a. n.a.

-5.55%

Sun Life Prosperity Achiever Fund 2048, Inc. -a,d 0.8828

1.61% n.a. n.a.

-5.39%

Sun Life Prosperity Dynamic Fund, Inc. -a

3.26%

-1.96%

0.8703

-2.81%

-1.98%

-3.17%

-1.26%

Primarily invested in foreign currency securities Cocolife Dollar Fund Builder, Inc. -a

$0.03798

-1.12%

2.99%

1.28%

-2.91%

PAMI Asia Balanced Fund, Inc. -b

$1.1494

18.18%

2.8%

5.53%

-0.07%

Sun Life Prosperity Dollar Advantage Fund, Inc. -a $4.6515 21.98%

8.02%

8.28%

3.07%

Sun Life Prosperity Dollar Wellspring Fund, Inc. -a,3 $1.2043 11.65%

4.62%

0.18%

Bond Funds Primarily invested in Peso securities ALFM Peso Bond Fund, Inc. -a

371.44

2.06%

3.14%

2.48%

0.1%

ATRAM Corporate Bond Fund, Inc. -a

1.9165

-1.02%

1.1%

0.1%

0.85% 0.35%

Cocolife Fixed Income Fund, Inc. -a

3.2258

1.37%

3.8%

4.35%

Ekklesia Mutual Fund Inc. -a

2.2546

-1.05%

2.17%

1.49%

-1.8%

0.1%

3.16%

1.7%

-0.77% -3.26%

First Metro Save and Learn Fixed Income Fund,Inc. -a 2.4344 Philam Bond Fund, Inc. -a

4.4833

-1.44%

4.02%

1.73%

Philam Managed Income Fund, Inc. -a,6

1.325

2.88%

4.31%

2.8%

0.29%

Philequity Peso Bond Fund, Inc. -a

3.9759

1.35%

4.39%

2.66%

-0.63%

Soldivo Bond Fund, Inc. -a

1.0266

0.32%

4.1%

1.75%

-1.48%

Sun Life of Canada Prosperity Bond Fund, Inc. -a 3.2032

1.69%

5.3%

2.99%

-0.09%

Sun Life Prosperity GS Fund, Inc. -a

0.59%

4.57%

2.3%

-0.56%

1.7451

Primarily invested in foreign currency securities ALFM Dollar Bond Fund, Inc. -a

$484.87

2.68%

3.14%

2.3%

0.21%

ALFM Euro Bond Fund, Inc. -a

Є219.82

2.23%

1.11%

1.16%

0.29%

ATRAM Total Return Dollar Bond Fund, Inc. -b $1.1805

-2.72%

2.02%

1.15%

-7.8%

First Metro Save and Learn Dollar Bond Fund, Inc. -a $0.0259 - 0.38%

1.59%

0.95%

-2.63%

PAMI Global Bond Fund, Inc -b

$1.048

-1.55%

0.39%

-0.73%

-4.09%

Philam Dollar Bond Fund, Inc. -a

$2.4908

2.59%

5.16%

2.11%

-1.77%

Philequity Dollar Income Fund Inc. -a

$0.0628649

4.3%

3.49%

2.21%

0.88%

-0.4%

3.01%

0.97%

-2.17%

Sun Life Prosperity Dollar Abundance Fund, Inc. -a $3.1535

Money Market Funds Primarily invested in Peso securities ALFM Money Market Fund, Inc. -a

2.52%

0.28%

First Metro Save and Learn Money Market Fund, Inc. -a 1.052 1.18% n.a. n.a.

130.17

0.37%

2.57%

0.6%

Sun Life Prosperity Money Market Fund, Inc. -a 1.3044

1.91% 1.83%

3.07% 2.87%

Primarily invested in foreign currency securities Sun Life Prosperity Dollar Starter Fund, Inc. -a $1.0571

1.26%

1.68% n.a.

0.45%

Feeder Funds Primarily invested in Peso securities Sun Life Prosperity World Equity Index Feeder Fund, Inc. -a,d,7 1.2366 n.a. n.a. n.a.

9.47%

Primarily invested in foreign currency securities ALFM Global Multi-Asset Income Fund Inc. -b,d,2

7.53% n.a. n.a.

2.04%

a - NAVPS as of the previous banking day. b - NAVPS as of two banking days ago. c - Listed in the PSE. d - in Net Asset Value per Unit (NAVPU). 1 - Launch date is September 28, 2019. 2 - Launch date is November 15, 2019. 3 - Adjusted due to stock dividend issuance last October 9, 2019. 4 - Renaming was approved by the SEC last October 12, 2018 (formerly, One Wealthy Nation Fund, Inc.). 5 - Launch date is December 09, 2019. 6 - Re-classified into a Bond Fund starting February 21, 2020 (Formerly a Money Market Fund). 7 - Launch date is July 6, 2020.

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

www.businessmirror.com.ph

Banking&Finance

Bill filed in Lower House to check taxes vs schools By Jovee Marie N. dela Cruz @joveemarie

BILL filed in the Lower House by Deputy Speaker Rufus B. Rodriguez seeks to “clarify” the taxation on schools under Republic Act (RA) 11534, or the Corporate Recovery and Tax Incentives for Enterprises, or Create, law. Rep. Rodriguez (2nd district, Cagayan de Oro City) said his proposal contained in House Bill (HB) 9577 seeks to further amend a provision of the National Internal Revenue Code (NIRC). The Create law, which President Duterte signed last March 26, amended the NIRC. Under Revenue Regulation (RR) 5-2021 that the Bureau of Internal Revenue (BIR) issued last April 8, income tax on proprietary educational institutions run by stock corporations would be increased to 25 percent from the current 10 percent. “This bill seeks to make it clear that the preferential tax rate of 10 percent (reduced to one percent from July 1, 2020 to June 30, 2023), applies to proprietary educational institutions, by amending the first sentence of Section 27 (B) of the NIRC,” Rodriguez said. “With the bill [HB 9577], I hope the BIR will see that the intent of the law is to really give all proprietary educational institutions a preferential tax of 10 percent. It will address the current situation brought about by the BIR regulation and will help our private schools,” the lawmaker added.

Warning

THE deputy speaker also warned the BIR that with a 25-percent tax, more private educational institutions might be forced to fold up. Citing data from the Department of Education, the senior law-

maker said for school year 2020 to 2021, enrollment in private K-to-12 schools dropped by over 900,000 compared to the previous school year. Rodriguez said the Coordinating Council of Private Educational Associations (Cocopea) has also reported that half of their members have experienced a decline in enrollment. “The implementation of the K-to-12 program already [affected] a lot of private schools. Then Covid-19 struck, resulting in many more schools closing down because of financial difficulties,” Rodriguez said. “Instead of helping these educational institutions, the BIR has made their situation worse by increasing their tax by 150 percent.” But the BIR has decided with finality to reject the letter-appeal of the Cocopea opposing RR 5-2021. Rodriguez said if the BIR-imposed rate is not corrected, “more schools will be forced to close down or raise their tuition and other fees to the detriment of our students and their families.” With increased fees, the solon said students may opt to transfer to the already crowded public school system, or drop out. Also, the action of the BIR is contrary to the 1987 Constitution (Sec. 17, Art. II), Rodriguez added. Hence, the lawmaker is pushing for the Secretary of Finance to rescind RR 5-2021. The filing of HB 9577 came after Sen. Richard Gordon joined five senators in appealing to the BIR to reconsider its implementing rules that increased the income tax of private schools. The six senators noted that RR 5-2021 violated the intent of RA 11534 to raise revenue while granting relief to businesses, including private schools, hard hit by the pandemic and the economic recession.

BusinessMirror

Editor: Dennis D. Estopace • Tuesday, June 8, 2021

Treasury doubles accepted noncompetitive T-bill bids

By Bernadette D. Nicolas

@BNicolasBM

HE Bureau of the Treasury awarded P21 billion in Treasury Bills (T-bills) on Monday, an upsize from the initial P15 billion offer after the auction committee decided to double accepted noncompetitive bids for all tenors.

Rates across all tenors were also lower than the previous auction and secondary market trading levels. National Treasurer Rosalia V. De Leon attributed the drop in the rates to “steady inflation” and “good progress on vaccination.” Inflation rates stood still at 4.5 percent in May after hitting that print in March. The government also announced including essential workers under the A4 priority group in its inoculation campaign.

“Also, US nonfarm payroll lower than expected tempering taper action from Fed [US Federal Reserve],” De Leon said. Expectations the Fed will move to tighten monetary tack were tempered by US nonfarm payrolls data that revealed an increase of 559,000 jobs last month, below the 650,000 forecast. The T-bills auction on Monday was also oversubscribed by more than six times as total submitted

bids reached P92.5 billion. “Liquidity further boosted with about P34 billion maturities this week and redemption of P131 billion RTB [retail treasury bonds] on June 13,” De Leon said. The 91-day T-bills fetched an average rate of 1.176 percent, down by 5.9 basis points from previous auction’s 1.235 percent. Total bids for the security hit P26.359 billion, more than five times the initial P5billion offer. The 181-day T-bills’ average rate also slid to 1.422 percent, a 5-basis point drop from 1.472 percent. Total tenders reached P28.86 billion, more than five times the initial P5billion offer. The average rate for the 364-day T-bills stood at 1.649 percent, slipping by 7.4 basis points from 1.723 percent. Total bids for the security amounted to P37.3 billion, more than seven times the initial P5-billion offer. For this month alone, the Treasury is aiming to borrow P215 billion from the local debt market, up

by 26 percent compared to only P170 billion it programmed to borrow per month in April and May. The bulk of the programmed domestic borrowings for June, or P140 billion, will now be raised through sale of Treasury bonds with longer tenors while the rest of the amount is planned to be raised by auctioning off P75 billion in T-bills. For this year, the national government has set a P3.03-trillion gross borrowing program, roughly the same amount it borrowed in 2020. About 80 percent of the amount is programmed to be raised through domestic sources; the remaining from foreign sources. The national government’s total outstanding debt continued to swell to a fresh record-high of 10.991 trillion in April this year as the country resorts to more borrowings to finance its pandemic response. This was up by 2 percent from P10.77 trillion reported at the end of the year’s first quarter and it was also a 27.8 percent jump from P8.6 trillion of end-April last year.

SG’s local fintech business secures digital bank license By Bianca Cuaresma @BcuaresmaBM

HE local operations of Singaporebased Tonik Financial Pte. Ltd. has secured a digital bank license from the Bangko Sentral ng Pilipinas (BSP), the first private neobank to do so in the country. “Securing a digital banking license is one of this year’s anticipated milestones for us,” Tonik CEO and Founder Greg Krasnov announced last Monday. “This

will help us further strengthen our foothold in the neobanking space through accelerating the roll out of our additional lending and payment products.” A neobank is a financial institution that performs the services of a bank exclusively online. Tonik officially launched in the Philippines in March with its cloud-based solution powered by global financial technology firms Mastercard, Finastra and Amazon Web Services. “We are truly privileged to be work-

ing with a regulator such as the BSP who shares the same vision of bolstering financial inclusion in the country,” Tonik Digital Bank Inc. President Maria Lourdes Jocelyn S. Pineda said. “An official digital bank license will enable us to offer more products and services to narrow the gap between the banked population and the huge underserved segment in the Philippines.” Tonik received its initial rural bank license from the BSP in 2019, allowing the neobank to provide retail banking

services focused on retail deposits, card payments and consumer loans. In 2020, the BSP issued Circular 1105 on “The Guidelines on the Establishment of Digital Banks,” providing the framework and regulatory provisions for the operation and establishment of a digital bank in the Philippines. Earlier this year, the BSP approved the digital bank license of Overseas Filipino Bank (OFBank), a wholly-owned subsidiary of the state-owned Land Bank of the Philippines Inc.

Eight life and business lessons after eight years HSBC names executives for Asia-Pacific business

IGHT years have gone by since I graduated in college. I would like to thank God, our family, friends, church, friends, classmates and professors who stood with me during my four years in Far Eastern University. I still remembered during our graduation day, it feels like this is the time that I’ve been waiting for to achieve all of my dreams: to contribute to society; bless my family; honor God with my work; buy a car and house; and, build a family. But when I entered the corporate world, I realized that great things don’t happen overnight: it takes faith, hard work, prayer and consistency. I would like to share some of the lessons that I got over the years. 1. Studying doesn’t stop in the four corners of the university. I thought studying will stop once I stepped out the university when I can finally say this is it, I’ll just work and enjoy life. I realized there are more things to learn; things that are more practical and applicable in my personal life, work, family and other aspects of life. In the business world, the more we learn, the more we will earn. If we want to have a higher salary, we need to add more value to the organization where we are part of. Keep on studying through online sources, attending webinars and getting certifications. 2. Work smart versus work hard. Working hard is good but working smart is better. When we say work smart, you strategize and look for ways in doing a certain job and/or business. There are processes that can give you a better result, which will happen in analysis and execution.

Karlo Biglang-Awa

personal finance 3. Do not compare yourself to others. There will always be someone better than you and me, our goal is to be a better version of ourselves. Nowadays, social media will make us compare to others because we can see different life milestones from time to time but remember each person has a unique story to tell. 4. Health is wealth. Aside from our pursuit of success in work and/or business, one aspect that we should not neglect is our health. Taking care of ourselves at this season is really beyond our savings/investments. If we are healthy, we can prevent depletion of our financial resources due to medical costs. Health is something that we need to fight for as we experienced a lot of challenges in this pandemic. 5. Look for mentors. Learning from your own experience is a good teacher but learning from other people’s experiences can give us leverage to avoid making mistakes, especially in business or in life. Seek wisdom from people who have principles that are aligned with your goals. 6. Dream big, start small. After graduation, I thought everything was easy; but great things started small. A diamond can be formed after extreme heat and pressure. Whatever challenges we may face, keep on moving forward. 7. No man is an island. If you want to achieve greater things, you need to work with

other people. Just imagine if you have friends, family and workmates who have different skills and talents combined altogether for a common good. 8. Work for God. Our work, no matter what it is, if dedicated to God, will always grow despite of the challenges. We may rest, pivot and change from time to time but if we acknowledge that He is our source, we will see that He is our provider. I would like to encourage the next generation, the students who might read this article, or even young professionals: where you are right now is part of your journey. Do not lose hope, keep on persevering, you might be near the success that you are praying for. Always remember that life is a marathon not a sprint. I would like to share a verse: For I know the plans I have for you,” declares the Lord, “plans to prosper you and not to harm you, plans to give you hope and a future.” (Jeremiah 29:11) We may have plans but there will be twists and turns in our life: it is important to always remember the author of our life. No matter what happen, He will guide us for the best things. In challenges, our character is being developed. Sometimes it’s not just achieving success in material things but about making a contribution to our society, making a difference in the lives of other people. Appreciate your time with your family and love ones this season. Karlo Biglang-Awa is a registered financial planner of RFP Philippines. To learn more about personal-financial planning, attend the 90th RFP program this June 2021. To inquire, e-mail info@rfp.ph or text at 09176248110.

SBC Holdings Plc. named David Liao and Surendra Rosha as cochief executive officers of AsiaPacific, taking over from long-time regional boss Peter Wong to steer the bank’s expansion in its most pivotal region. Liao, who was head of global banking Asia-Pacific, and Rosha, formerly the CEO of HSBC India, will take over immediately and report to group CEO Noel Quinn, HSBC said in a statement. The 48-year-old Liao is a Hong Kong native, while Rosha, born in 1968, joined the bank in 1991 in India. “We are investing $6 billion in Asia in the next 5 years and David and Rosha will lead this next phase of our Asia strategy as we focus on expanding and diversifying our presence across the world’s most dynamic region,” Quinn said in the statement. The bank is betting its future on the region by steering billions of dollars in capital toward Asia, while shrinking or exiting unprofitable operations in other parts of the world. Key to this is tapping into China’s rising affluence and a plan to create an economic powerhouse by linking Hong Kong closer to mainland cities such as Shenzhen and Guangzhou in the Greater Bay Area. Liao and Rosha will both be based in Hong Kong. Liao has spent 24 years at HSBC and was seen as one of the frontrunners in replacing Wong, who has been

crucial in steering the bank’s sometimes rocky relationship with China. Rosha was named CEO of India in 2018 and before that had served head of the Asia-Pacific financial institutions group. “The re-shuffle seems to be oriented toward maintaining stability,” said Brock Silvers, chief investment officer at Kaiyuan Capital in Hong Kong. “Peter Wong will move upstairs to the chairman’s role, leaving his deputy Liao to likely run the crucial China business, with the the former India CEO Rosha left to run ex-China markets.”

Staying on

WONG, who had held HSBC’s top position in Asia since 2010, will become non-executive chairman of The Hongkong and Shanghai Banking Corp., the firm’s local unit, and serve as an adviser to Quinn and Chairman Mark Tucker. He had been preparing for his eventual retirement by mentoring Liao and Mark Yunfeng Wang, the head of its China operations, people familiar with the matter have said. Liao also formerly served as the bank’s China CEO. A member of China’s top political-advisory body—the Chinese People’s Political Consultative Conference—Wong’s ties have been pivotal to mending relations with Beijing, frayed by the lender’s role in a US probe of Huawei Technologies Co. He

was also the point person when HSBC last year endorsed the controversial security law imposed on Hong Kong by Beijing. Under Wong’s leadership, the region has become an increasingly important part of HSBC. Asia-Pacific contributed 53 percent of total revenue in 2020, up from 27 percent when he took over in 2010, according to an internal memo Wong sent to staff. The contents of the memo were confirmed by a spokeswoman. The bank also announced earlier that it’s beefing up its leadership further in Hong Kong, its biggest market. It’s moving Greg Guyett, the co-head of the investment bank, Nuno Matos, chief executive officer of wealth and personal banking, and Barry O’Byrne, chief executive of global commercial banking, to the city from London. “Asia-Pacific is at the heart of both HSBC’s past and its future,” Wong said in the memo. Given the capital commitment to Asia “and with three of the business heads shortly moving to the region we are getting the money, resources and focus we need to make the most of opportunities that lie ahead of us,” he said. Hitendra Dave was named interim CEO of HSBC India and will take over permanently once regulatory approval is received. Liao’s successor will be announced in due course, the bank said. Bloomberg News

Gold slips as investors weigh Yellen’s remarks

OLD declined as investors weighed comments by Treasury Secretary Janet Yellen on interest rates against US jobs data that missed expectations. Bullion ticked lower after Yellen said last Sunday that President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year, adding a “slightly higher” interest rate environment would be a “plus.” Last Friday, gold rose 1.1 percent as a Labor Department report showed job

growth picked up in May, though the 559,000 payrolls gain fell short of economists’ expectations. The jobless rate dropped to 5.8 percent, while the labor participation rate was little changed. Gold has been hovering around $1,900 an ounce amid a debate around price pressures and speculation over whether the Federal Reserve will start talks on the idea of tapering its massive bond-buying program, with traders looking to Thursday’s US consumer-price index report for more clues. Policy makers should be “deliberately patient” and wait to see

more evidence that the US labor market has made more progress before they consider cutting down their asset-purchases, Cleveland Fed President Loretta Mester said Friday. “Gold prices pulled back slightly following Yellen’s comment about inflation and interest rates,” Margaret Yang, a strategist at DailyFX said. As a result, the 10-year Treasury yield rebounded, reflecting reflation hopes, she said. Real yields edged higher, denting the appeal of gold as the opportunity cost of holding it increased, Yang added. Bloomberg News

Tuesday, June 8, 2021 • Editor: Gerard S. Ramos

Art

BusinessMirror

www.businessmirror.com.ph

Today’s Horoscope By Eugenia Last

CELEBRITIES BORN ON THIS DAY: Maria Menounos, 43; Kanye West, 44; Julianna Margulies, 55; Frank Grillo, 56. Happy Birthday: A realistic approach to life, love and happiness will help you achieve peace of mind. Concentrate on what’s important to you, and make lifestyle changes that suit your needs. Take control of your life. Refuse to put up with people and situations that make your life miserable. Your happiness is your responsibility; don’t wait for someone to take over. Your numbers are 7, 12, 23, 28, 32, 39, 47.

ARIES (March 21-April 19): Keep your facts straight. Think before you make a move. Be direct when dealing with problems and finding solutions. Evasiveness is not acceptable. Be open as well as receptive to the input offered. HHH

❶ ❶ Amidst

Wandering Eyes, Janos Delacruz, 2021, oil on canvas, 48”x36”

❸

❷

Of motions flowing and frozen

❷ GRAce to

Grace, Raeche Dacanay, 2021, acrylic on canvas, 48”x48”

❸ Sirens

of Pandora, Ella Hipolito, 2021, acrylic on canvas, 48”x36”

TAURUS (April 20-May 20): Work with what you have. Designate a space that is conducive to getting things done. A disciplined approach to work will help you build trust and respect. It’s OK to do things differently as long as you achieve your objective. HHH

dance of drama, movement and expression take centerstage at Art Elaan this month. Three solo exhibitions by artists with vastly varying styles explore the concept of motion as a force allowed or arrested. The new shows will open tomorrow, June 9, and run until July 3 at the gallery’s space in Ayala Malls Manila Bay in Parañaque City. ‘Selfie * ish’, Janos Delacruz Surrealist painter Janos Delacruz is known for his profound social commentaries and intense introspections. In his latest one-man show, Delacruz deals with the idea of a candid shot. What if, aside from capturing a person mid-blink, a stolen photo actually reveals a lot more? Is it in these moments of unpreparedness that people are at their most authentic selves? To its core, is selfconsciousness a form defense mechanism? These are the questions that Selfie * ish attempts to raise. The exhibit also displays the characters of

Delacruz in a different light. What is shown is their humanity, their emotions, and not their places in society. The artist paints them in portraits rather than depictions, executed in his stunning style that plays on depth and texture all the same. “I wanted to portray different aspects and archetypes of people that I have met, or emotions that I have felt,” Delacruz says. “Some paintings tackle love. Some, social reality. But each one represents a portion or moment in time.” In Kisses From Heaven, for instance, a drained soul drenched in the rain makes his way home. Meanwhile, an unperturbed duo wade through onlookers of all shapes and forms in Amidst Wandering Eyes. ‘Emovere (Emotions in Motion),’ Raeche Dacanay While Delacruz’s exhibition focuses on moments paused, Raeche Dacanay’s new exhibit comes alive in vibrant choreography—twisting, turning and twirling. Dacanay’s familiar dancers return for her third solo, titled Emovere (Emotions in Motion). As the exhibit’s name attempts to relay, what is presented in the show is more than paintings of bodies moving. We are shown how feelings take over performers, and how the textured dress or detailed hair becomes part of the show. Dacanay paints in a way that suggests dramatic movement, as she also dances and gets lost in the music and rhythm of her artistry as part of her creative process. The intensity is felt in a solo act such

as River Moving in You, or a duet in Grace to Grace. “Full of vibrance, full of emotions, full of passion,” the artist says of her works. ‘Will-O’-The Wisp,’ Ella Hipolito Ella Hipolito’s new exhibit involves the concept of movement as well, but it does not serve as its central idea. The artist says she has always had a penchant for the magical and the mystical. For her latest show, Hipolito shares the story of the Will-O’-The Wisp, or the ghostly light seen by travelers at night. According to legend, the Will-O’-The Wisp initially appears harmless or even playful to wanderers, before luring them off the beaten path and into danger. In Hipolito’s version, there is no malicious intent. She presents the Will-O’-The Wisp, the namesake of her exhibition, as an ambassador of hope. A representative of opportunity amid adversity. The artist also revised the look of the ghostly light into flowing, vibrant strands, whose movements are inspired by that of betta fish that are known for their graceful fins. “They are therapeutic to look at,” Hipolito says. “I think of them in my wisp’s every curve.” See the execution in the artist’s Sirens of Pandora and Sea Nymphs of the Blue Water. For more information about the shows, visit www. artelaan.com, or contact 027-7286577, info@artelaan.com or inquiry.artelaan@gmail.com. Follow the gallery on Facebook at www.facebook.com/ArtElaanGallery and on Instagram at @artelaan. n

prince Harry and Meghan Markle

near Santa Barbara, California. In the wake of quitting royal duties, they gave an explosive TV interview to Oprah Winfrey in March, in which the couple described painful comments about how dark Archie’s skin might be before his birth and Meghan talked about the intense isolation she felt inside the royal family that led her to contemplate suicide. Buckingham Palace said the

allegations of racism made by the couple were “concerning” and would be addressed privately. Winfrey and Harry recently collaborated on the Apple TV+ mental-health series The Me You Can’t See. In the interview with Oprah, Meghan also talked about the fact that her son was not given the title of prince. Harry said the royal family cut him off financially after he announced plans to step back from his roles—and that he was able to

CANCER (June 21-July 22): Put more energy into things that matter to you. Express your feelings. Offer innovative ideas that will help make your life and the lives of those around you more efficient. Personal improvements will lead to compliments. Welcome a romantic gesture. HHHH

LEO (July 23-Aug. 22): Offer alternatives when faced with opposition. Be willing to cooperate and compromise. The easier you make it for others, the more respect you will gain. Use intelligence to control situations, not brute force. Surround yourself with hardworking individuals. HH

VIRGO (Aug. 23-Sept. 22): Say little, but do a lot. Put your heart into what you believe is best for you and those you love. Don’t listen to someone pushing his or her agenda. An unexpected opportunity will lead to a positive physical change. HHHHH

LIBRA (Sept. 23-Oct. 22): Figure out what’s important to you. Once you make a move, expectations to follow through will surface. Consider what it will take to reach your goal and how taxing it will be on you physically before you proceed. HHH

SCORPIO (Oct. 23-Nov. 21): A change will make you feel better about your future. Add to your qualifications. Explore something that interests you and turn it into an asset you can market. Don’t hesitate to do things differently. HHH

SAGITTARIUS (Nov. 22-Dec. 21): You’ll gravitate toward unique situations. Be thorough when investigating information offered before you get involved in something new. A partnership won’t provide what it suggests. Look at the fine print before you sign on the dotted line. HHH

Meghan and Harry welcome second child, Lilibet ‘Lili’ Diana Continued from B5

GEMINI (May 21-June 20): Keep life simple; stay focused on what’s meaningful to you. Too much of anything won’t make you happy or help you get ahead. Maintain integrity, and follow your heart personally and professionally. A minimalist attitude will result in clarity and wise decisions. HHH

afford security for his family because of the money his mother left behind. Despite leaving royal duties, Harry’s place in the order of succession to the throne remains. The first seven places remain unchanged: Prince Charles; Prince William; William’s children, Prince George, Princess Charlotte and Prince Louis; Prince Harry, and his son, Archie. Lilibet’s birth moves Prince Andrew, who was born second in line in 1960, down to ninth place.

CAPRICORN (Dec. 22-Jan. 19): Distance yourself from people who ask for too much. Don’t wait until you are angry to put an end to a difficult situation. Choose your battles wisely, and put your energy where it will bring the most in return. HHHH

AQUARIUS (Jan. 20-Feb. 18): Beware of erratic people who can’t make a decision or fall short of your expectations. Stay focused on what you are trying to achieve, and use intelligence to get your way. Personal improvements will boost your morale and encourage romance. HH

PISCES (Feb. 19-March 20): Spend less time analyzing a situation and more time doing something about what you want. Make an aesthetic adjustment at home that is conducive to accomplishing your goals. HHHH Birthday Baby: You are intelligent, sensitive and bold. You are changeable and protective.

‘changing identity’ by catherine cetta The Universal Crossword/Edited by David Steinberg

ACROSS 1 Fence opening 5 Beet’s leafy relative 10 Unreturnable serve 13 Amazon assistant 15 Blender setting 16 Ewe’s mate 17 Words in a salad description 19 “I don’t need to know this,” in 3-Down 20 Has a meal at home 21 Took the place of 23 Blog feed letters 24 Expected 26 Earth: Prefix 27 Went on a wild goose chase, say 33 Tahoe and Titicaca 36 Be too sweet 37 Baby’s syllable 38 Give off 39 Stood out 40 “___ my lips!” 41 Hairstyling stuff 42 Ninth mo. 43 In a way, informally 44 What a student who never goes to

class can earn? 8 Lead-in to “friendly” 4 49 Openly LGBTQ+ 50 ___-mo 53 Lemon pie topping 58 Large bin for grain 60 Pitching stat 61 Not conforming to male or female stereotypes, and a hint to the word scrambled within 17-, 27- and 44-Across 63 Bro or sis 64 Olympic swimmer’s unit 65 “May the ___ be with you” 66 ___ All That (2021 film) 67 Atmosphere layer 68 Former Russian ruler DOWN 1 “Minecraft” fanatic, perhaps 2 Second name? 3 “TTYL” and “IMO,” for two 4 Past partners 5 EMT’s specialty 6 Shades 7 Pi*r-squared, for a circle 8 Tenant’s payment

9 Tattooist’s pattern 10 Copier at work? 11 G.I. garb 12 Middle Eastern ruler 14 Nike competitor 18 Bearded antelopes 22 Word before a former surname 25 Impressed deeply? 27 Moisten 28 Get to “I do” without ado 29 “Please stay!” 30 A Cyclops has only one 31 Milk source 32 Luke Skywalker’s mentor he was 33 Toy brick brand 34 “Hallelujah!” 35 Core workout goal 39 U-turn from NNW 40 Fish eggs 43 Trigger, as an alarm 45 Here, in Paris 46 Label in a health food aisle 47 German industrial valley 50 Urges (on) 51 German camera maker 52 Alphabetical ___

3 Fit together well 5 54 The “E” of HOMES 55 “Aww, c’mon...” 56 Golden rule word 57 Paradise in Genesis 59 Backbone of a novel? 62 Before, to a poet

Solution to Friday’s puzzle:

Show BusinessMirror

www.businessmirror.com.ph

Editor: Gerard S. Ramos

• Tuesday, June 8, 2021

Suave and stellar at 60 RICKY DAVAO

W DINDONG DANTES and Marian Rivera headline Endless Love.

‘Endless Love’ returns to GMA After over a decade since its premiere, GMA brings back its well-loved Philippine adaptation of the hit Koreanovela Endless Love, which began its rerun in the prime-time block yesterday, June 7. The series is topbilled by Dingdong Dantes and Marian Rivera, as Johnny and Jenny. Also starring in the series are Dennis Trillo and Nadine Samonte, playing the roles of Andrew and Shirley, respectively, two people who hinder their love story. The Philippine adaptation is based on the hit 2000 Korean drama Autumn in My Heart, the first installment in the season-themed series Endless Love. The series also features Joyce Ching as the young Shirley, Kathryn Bernardo as the young Jenny, and Kristoffer Martin as the young Johnny. Endless Love follows the story of Johnny and Jenny who grew up as siblings under the care of their parents Robert (Tirso Cruz III) and Katherine (Sandy Andolong). Johnny loves his sister and is very protective of her. Their lives are disrupted when they find out that the true daughter of Katherine is Shirley, the poor and resentful classmate of Jenny. The weak-willed Jenny decides to run away while Johnny and his family opt to live abroad. Years later, Jenny grows up to be a simple and kind-hearted young woman who crosses paths with a conceited hotel owner named Andrew. The latter easily gets smitten by Jenny’s charm and tells his best friend Johnny that he has found the woman of his dreams. Although engaged to his fiancée Yumi (Bela Padilla), Johnny returns from abroad to look for his beloved sister and after many years of separation, the “siblings” reunite. Will Johnny and Jenny admit that their affection for each other is deeper than just familial love? What is the secret Jenny has been keeping from the people who love her? Directed by Mac Alejandre, Endless Love airs weeknights on GMA.

Covid-19 spurs shutdown of ‘Mission Impossible’ set LONDON—Paramount Pictures on Thursday temporarily shut down production on the British set of Tom Cruise’s seventh Mission: Impossible film after someone tested positive for coronavirus. “We have temporarily halted production on Mission: Impossible 7 until June 14th, due to positive coronavirus test results during routine testing,” a Paramount spokesman said in a statement. “We are following all safety protocols and will continue to monitor the situation.” The company provided no further details. In December, Cruise launched an expletive-laden rant at colleagues on the Mission: Impossible set, after he reportedly spotted two crew members violating social-distancing rules. In audio released by The Sun tabloid, Cruise can be heard warning that anyone caught not following the rules to stay at least 2 meters (more than 6.5 feet) away from others will be fired. The film, which paused production for months early last year along with the rest of the film industry when the coronavirus pandemic took hold, is scheduled to be released in 2022. AP

ell-respected actor Ricky Davao quietly celebrated his 60th birthday recently in the company of his children with a special dinner at his Quezon City home. “I have a lot to be thankful for as I welcome the beginning of my life as a senior citizen,” he said, flashing a wide grin. Davao shared that he was just reminded by his youngest daughter Arabella to start applying for the government-issued card that will allow him to enjoy the benefits, perks and many discounts of being a senior citizen. “I will definitely work on getting one the soonest, I hope they have an online application for that,” he said, adding, “ I have a few more weeks of free time before I go back to work on this new GMA TV series.” Davao is referring to the television adaptation of the Ishmael Bernal movie Nagbabagang Luha, which he shepherds as the director. The series will be topbilled by two of the network’s prized stars, Glaiza de Castro and Rayver Cruz. Davao recounted that he and his team were lockedin for around six weeks for the first cycle of shooting for the new series, and everyone had to adjust to the stricter network health and safety protocols. “This is the new normal for everyone working in television and even films, for that matter. Even if everyone has been tested negative prior to entering the bubble, we have to abide by the stringent rules implemented on the set to assure that it will be a safe and healthy work environment,” he shared. He added that he has gotten more conscious of his health. “I do a lot of walking and spend a lot of time in my stationary bike at home. Nowadays, I guess everyone should focus on how to stay healthy in both mind and body, so we can be shielded from the virus and be fit to work and go on with our daily activities— more so now that I am already one of the youngest senior citizens in the country.” Davao shared that he misses going out of town. “Traveling is one thing I really, really love, and this pandemic has put a halt or pause to many of us who love to go out of town to recharge or simply to enjoy beautiful places by ourselves or with the special

people in our lives.” He added that for many years, he would shun parties when his birthday drew near and instead drive off or fly out to a travel destination usually by himself. After he wraps up his work for the new TV series, Davao plans to accept one or two acting jobs. “I’ve been getting inquiries lately to act for film and television. I enjoy both acting and directing, that is why I really have to manage my time well to be able to accommodate both. These days, I really have to consider a lot more factors before I accept any work

engagement.” Ricky Davao continues to be a well-loved presence in the entertainment world. He is pleasant, respectful, straightforward, fun, very professional, fair, focused and consistently good at what he does, always producing well-received outputs. He is still very charming and has remained suave, sharp and sweet even with the additional silver gray strands on his crown. Happy 60, Ricky Davao! n

Meghan and Harry welcome second child, Lilibet ‘Lili’ Diana By Lindsey Bahr & Jonathan Landrum The Associated Press Prince Harry and Meghan may have stepped away from their royal duties—but family appeared to be top of mind in naming their second child, Lilibet “Lili” Diana Mountbatten-Windsor, who was born Friday in California. The name pays tribute to both Harry’s grandmother, Queen Elizabeth II, whose family nickname is Lilibet, and his late mother, Princess Diana. “Thank you for your continued kindness and support during this very special time for our family,” Harry and Meghan, also known as the Duke and Duchess of Sussex, wrote in a statement that accompanied the birth announcement Sunday. The baby is “more than we could have ever

imagined, and we remain grateful for the love and prayers we’ve felt from across the globe,” they continued. The baby girl was born at 11:40 am at the Santa Barbara Cottage Hospital in Santa Barbara, California, and weighed in at 7 lbs, 11 oz, a spokesperson for the couple said. The child is eighth in line to the British throne. A Buckingham Palace spokesperson said the queen; Harry’s father, Prince Charles; his brother, Prince William; and other members of the family had been informed and are “delighted with the news of the birth of a daughter for The Duke and Duchess of Sussex.” UK Prime Minister Boris Johnson also congratulated the couple in a tweet. Harry and Meghan Markle—formerly an actor— married at Windsor Castle in May 2018 and welcomed their son, Archie Harrison Mountbatten-Windsor, a

year later. No photos of the newborn or the Sussexes accompanied the announcement. The couple has said that in lieu of gifts, they request those interested learn about or support nonprofit organizations working for women and girls, including Girls Inc., Harvest Home, CAMFED or Myna Mahila Foundation. The birth of the healthy baby girl opens a happy chapter for the couple following a miscarriage in July 2020. Meghan gave a personal account of that traumatic experience in hope of helping others. Months before the miscarriage, the couple announced they were quitting royal duties and moving to North America, citing what they said were the unbearable intrusions and racist attitudes of the British media. They live in Montecito, an upscale area

Continued on B4

‘BTS POP-UP: MAP OF THE SOUL’ AT SM MEGAMALL THE BTS Pop-Up: Map of the Soul has reached the city, opening its doors on May 29 at top leisure SM Megamall in Mandaluyong City. Located at the third level on Mega Fashion Hall, the pop-up will be open until August 29. HYBE IP (formerly Big Hit IP), an independent corporation that leads HYBE’s IP business, previously operated a new form of experiential space complex under the name BTS Pop-Up: House of BTS in October 2019 .This time, it draws concepts from BTS’ fourth studio album Map

of the Soul: 7. The 190-sqm pop up store showcases over 400 products ranging various categories, from apparel to stationery and household items. With Map of the Soul: 7 as its central theme, the products feature songs from the album, such as “Black Swan” and “On.” New products are scheduled to be released every two weeks for patrons to anticipate. The pop-up store will also feature photo zones for fans and customers to enjoy the full BTS: Map of the Soul experience.

The BTS Pop-Up: Map of the Soul kicked off in Seoul last October followed by Singapore and, recently, Thailand. It is scheduled to launch in Malaysia and Taiwan in the coming months. The Philippines showcase is available in only one location and runs for a limited time. Advance registration is required through online booking platform Morningkall and admission guidelines, such as physical distancing and crowd control will be enforced to ensure safety of its patrons.

B6 Tuesday, June 8, 2021

Destileria Limtuaco brings world-renowned Philippine mangoes in a bottle package

Cleanfuel opens third station at NCR’s ‘Tiger City’ at Boni Avenue

EADING independent oil firm Cleanfuel announced the successful inauguration of its third station in Mandaluyong City— Cleanfuel Boni Avenue. Cleanfuel’s newest branch in Boni, which serves as the brand’s third station in the National Capital Region’s one and only “Tiger City,” complements existing stations at Shaw Boulevard and Pioneer in providing affordable and quality fuel along the East-West thoroughfares of Mandaluyong. Situated at the corner of Boni Avenue and P. Cruz Street in San Jose, Mandaluyong City, Cleanfuel Boni Avenue is expected to cater to the needs of private and commercial vehicles traversing westbound to EDSA in Barangka, and EDSA-Boni tunnel, going to the main road of Mandaluyong and Pasig area. The opening of the Boni Avenue station assures that the area’s residents and commercial business owners can experience Cleanfuel’s mantra of providing affordable and quality premium fuel for less to the motoring public. As such, customers can expect topnotch fuel products including Clean91, Premium

95, and high-grade diesel. With its “Quality fuel for Less” battle cry, the company also takes pride in showcasing first-class amenities, from its clean and spacious air-conditioned restrooms, to air-and-water services, digital tire inflator with pressure gauge, commercial space for leasing, cashless payment options, and loyalty rewards program. The opening of the Boni Avenue station immediately follows the inauguration of Cleanfuel J.P. Rizal in Marikina—which is the company’s premier station in the shoe capital of the Philippines. Cleanfuel President Atty. Jesus “Bong” Suntay expressed his gratitude for the continued support of the motoring public which has enabled Cleanfuel to open more new stations to further spur the economy in various areas around the country. “As the country slowly welcomes efforts to boost the economy, we at Cleanfuel will continue to make ourselves more accessible to Filipino motorists, who would also help our customer base grow more,” Suntay said. Motorists can take advantage and

are urged to sign up for Cleanfuel VIP reward cards. Given to motorists for FREE, the membership-based program dishes out numerous giveaways and discounts at partner establishments. Moreover, Cleanfuel customers can expect a safe and risk-free environment as its workforce continuously upholds safety health precautions such as wearing face masks and face shields, thermal scanning of personnel, social distancing, disinfection of workstations, and hand washing. Cashless payments are also made available. “We always have our customers in our mind. We don’t only take care of their fuel needs, but we want to make sure that when every time they gas up at our station they will be safe and experience first-class amenities of Cleanfuel—air conditioned restrooms—which is one of our main selling point,” adds Suntay. “In a few weeks from now, we're opening our station in the business district of Alabang-Zapote in Las Piñas. This will be a momentous day as we continue to expand our roadmap in bringing best customer service and affordable and quality fuel to all customers in the region,” he concluded.

Globe Studios fills Filipinos appetite for socially-relevant content and more

LOBE endeavors to create a more inclusive world by connecting its customers and bringing them together with socially-relevant content. In “Philippines in View”, the latest virtual conference held by the Asia Video Industry Association (AVIA), the webinar tackled the huge increase in production and consumption of LGBTQ+-friendly content in the country. Globe Studios Head of Creative Development Kren Yap, one of the panelists during the “Social Change as Media Industry Driver” session, said that while the pandemic has caused mobility restrictions because of the lockdown, it has provided opportunities for the creative industry to develop and introduce new content. “Our current situation has definitely opened doors and windows for more stories to come out. It has widened the diversification of content we see on online platforms and hopefully soon on television also,” Yap said. Yap shared that while it is risky to make content such as Boys Love

and other LGBTQ+-centered stories in a predominantly Catholic country like the Philippines, Globe Studios still gambled on and created the BL series “Gaya sa Pelikula'' which premiered on YouTube last year. Globe Studios also produced other socially-relevant films such as Birdshot, Goyo, Hintayan ng Langit and Dead Kids (as the first Netflix Filipino Original Film). Yap also shared that while societal

changes drive the content industry, producers still play a vital role in shaping the media landscape. “It starts from us as producers to not back down in producing and telling stories. Monetization is always the problem but it's a good challenge. We should always find creative ways to make things possible,” Yap said. Globe Studios is the entertainment production studio and a division of Globe. Visit https://globestudios.ph/

ARADISE Mango Rum Liqueur is a natural fruit-based liqueur made from the world-renowned Philippine Mangoes and premium aged rum. It is an exotic tropical drink that successfully captures the delicate aroma and luscious flavor of our sun-ripened Philippine Mangoes. The Philippine mango is married to premium aged rum, a time-honored byproduct of our sugar producing country. Mangoes, carefully grown and tended, harvested at the peak of ripeness during summertime when it is sweetest and fragrant, when the color of the mango cheek is deep yellow, shading to a faint border of light yellow and when the sweetness partakes of a memory of tartness. The firm flesh is extracted and crushed to a thick juice which is expertly blended with our premium rum. Molasses from sugar cane is fermented and distilled to produce this rum with a distinct flavor profile with a delicate nose and flavor, aged to perfection in oak barrels letting it patiently mellow with time and humidity, giving it a slightly smoky flavor, smoothness and golden amber color. A special patented ageing process, completes the maturation process. Destileria Limtuaco & Co., Inc., the oldest distillery in the country spanning 158 years, has combined two celebrated and widely appreciated Philippine products and given the world another gem to enjoy. Every sip will conjure the balmy weather and wonderful perfumes that permeate the tropical Paradise Islands of the Philippines. No wonder, Paradise Mango Rum Liqueur has easily become the “Official drink of Palawan and Boracay” and the national liquor of the country. The Philippine Mango is not only one

of the country’s beloved fruit, replete with health benefits and antioxidant properties, it is also one of our most successful commercial products, renowned all over the world and tagged as the best mango in the world. The flavor of the mango fruit is very distinct and yet it is compatible with most foods. Children love to eat mango with rice. Mothers love to bake with it. It can be made into ice cream, sherbets, jams, and pickles. Enjoy mango goodness the whole year round when and where you want it with Paradise Mango Rum Liqueur. It’s a flavorful drink which can be prepared in many fun and exciting ways and will whip up any occasion. For recipes, visit: https://qrgo.page.link/ZDjyQ First introduced to the Philippine market in 2002, Paraside Mango Rum Liqueur has received both domestic and international acclaim. It was given the Seal of Approval at the 2004 International Spirits Challenge in London and won the Asean G-Mark Award for best design in the food and beverage category. And in 2006, it won the Super Taste Award from the International Taste and Quality Institute (iTQi) in Brussels, Belgium.

Ensuring employee engagement amid the pandemic

ISRUPTIONS brought by the COVID-19 pandemic have challenged businesses in remotely managing employee experience. With a surge in workfrom-home setups, it led companies to implement new policies and programs to ensure that employees were not only safe at home, but productive and well-supported. In the case of leading independent and third largest oil player Phoenix Petroleum, it was proper foresight and collaboration among the company’s teams and units that allowed them to leverage on employee engagement amid the challenging situation. As a big business in the energy and fuel industry, Phoenix was initially hit hard when lockdowns were imposed at the start of 2020 and companies were forced to operate at less than minimum capacity. A shift to a remote work setup for its thousands of employees nationwide was the immediate step they had to contend with, according to Phoenix Vice President for Human Resources Celeste Marie Ong. “Safety was our utmost priority. We were closely monitoring the spread of the virus since it made the news, and with the assessment of our safety department, and judgment of the management, we announced alternative work arrangements, including the work-fromhome set-up, days before the government implemented quarantine restrictions,” she said. The arrangement saw as much as 70 percent of Phoenix employees working from home. Meanwhile, only employees with critical operational roles were allowed to work onsite under an alternating schedule and by regulation of company supervisors. However, this was only the beginning of a major workplace shift, according to Ong. The next, bigger challenge was making sure that Phoenix employees had the necessary support to perform their tasks efficiently.

“At Phoenix, employee engagement is a key metric that powers our organizational culture and helps drive company performance,” explained Ong. “So early on, HR managers were already in discussion with business unit heads to survey employee needs and get feedback on what we can do to help. It was then communicated that most employees had connectivity problems and health and financial concerns.” “We also hold regular online ‘Kumustuhan’ sessions per business unit to check on the mental wellbeing of employees. This is under the newly launched Partner Kita program, which also aims to remind our employees of our values. An app-based daily health check is also done to monitor employees’ health,” added Ong. As for building company morale and camaraderie, the HR team would conduct oneon-one check-ups with employees through chat every quarter. Meanwhile, other employee engagement activities such as the annual sports fest and Christmas party were translated into online events, which, she said, brought out the creativity of employees. The 2020 ‘How R U?’ (HRU) Phoenix People Engagement survey disclosed an average score of 4.47 for employee engagement across a 5-point scale. Despite earlier concerns of disruptions on workforce engagement, the reports saw a score improvement of 0.34 compared to the previous year’s survey. Furthermore, the survey also saw an overwhelmingly positive response to the additional criteria of Business Response to the Global Pandemic. “The overall message from employees is that ‘Phoenix takes my needs and ways into account when implementing new practices’ and that they feel confident in the company’s business strategy towards the pandemic,” explained Ong.

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

The World

UK: World leaders must commit to vaccinate the world by 2022

ONDON—Br itish Pr ime Minister Boris Johnson will use the Group of Seven wealthy democracies’ summit next week to urge world leaders to commit to vaccinating the global population by the end of 2022. Johnson is expected to stress the importance of a global vaccination drive when he meets with fellow world leaders on Friday in Cornwall, on England’s southwestern coast, for the first face-to-face G-7 summit since the pandemic hit. “ The world is looking to us to rise to the greatest challenge of the postwar era: defeating Covid and leading a global recovery driven by our shared values,” he said in a statement Sunday. “Vaccinating the world by the end of next year would be the single greatest feat in medical histor y.” US President Joe Biden and the leaders of Canada, France, Italy and Japan will arrive in Cornwall from Friday for three days of talks

focusing on the global recovery from the pandemic. Britain’s government pledged in February to give most of the country’s surplus vaccine supply to COVA X, the UN-backed program aiming to supply poorer countries with jabs. But the UK hasn’t yet put a figure on how many doses it will donate. The country, with a population of about 70 million people, has ordered around 400 million doses of vaccines. Health Secretary Matt Hancock has said that the UK doesn’t have any excess doses at the moment and that “we’re just getting them into arms as quickly as possible.” The Sunday Times reported that Johnson is set to announce at the summit that the UK will pledge to donate over 2 billion pounds’ worth of jabs this year, with further donations in 2022. The US has said it plans to share 80 million doses of its surplus vaccine globally by the end of June, most of them through COVAX. AP

Pope voices ‘pain’ over Canadian deaths but does not offer apology

A T I C A N C I T Y— Po p e Francis on Sunday expressed his pain over the discovery in Canada of the remains of 215 Indigenous students of church-run residential schools and pressed religious and political authorities to shed light on “this sad affair.” But he didn’t offer the apology sought by the Canadian prime minister. Francis, in remarks to faithful gathered in St. Peter’s Square, also called on the authorities to foster healing but made no reference to Prime Minister Justin Trudeau’s insistence, two days earlier, that the Vatican apologize and take responsibility. From the 19th century until the 1970s, more than 150,000 Indigenous children were forced to attend state-funded Christian schools, the majority of them run by Roman Catholic missionary congregations, in a campaign to assimilate them into Canadian society. The Canadian government has admitted that physical and sexual abuse was rampant in the schools, with students beaten for speaking their native languages. Ground-penetrating radar was used to confirm the remains of the children at the Kamloops Indian Residential School in Kamloops, British Columbia, last month. The school was Canada’s largest such facility and was operated by the Catholic Church between 1890 and 1969. “I am following with pain the news that arrives from Canada about the upsetting discovery of the remains of 215 children,” Francis said in his customary Sunday noon remarks to the public. “I join with the Canadian bishops and the entire Catholic Church in Canada in expressing my closeness to the Canadian people traumatized by the shocking news,’’ Francis said. “This sad discovery adds to the awareness of the sorrows and sufferings of the past,” he added. Trudeau on Friday blasted the church for being “silent” and “not stepping up,” and called on it to formally apologize and to make amends for its prominent role in his nation’s former system of church-run Indigenous residential schools. He noted that when he met with Francis at the Vatican in 2017, he had asked him to “move forward on apologizing” and on making records available. But, Trudeau said, “we’re still seeing resistance from the church, possibly from the church in Canada.”

Chief Rosanne Casimir of the Tk’emlups te Secwepemc First Nation in British Columbia has said her nation wants a public apology from the Catholic Church. The Missionary Oblates of Mary Immaculate, which ran nearly half of Canada’s residential schools, has yet to release any records about the Kamloops school, she also said. Francis’ comments spoke of healing but not of apology. “May the political and religious authorities continue to collaborate with determination to shed light on this sad affair and to commit humbly to a path of reconciliation and healing,” Francis said. “These difficult moments represent a strong call to distance ourselves from the colonial model and from today’s ideological colonizing and to walk side by side in dialogue, in mutual respect and in recognizing rights and cultural values of all the daughters and sons of Canada,” the pope said. “Let’s entrust to the Lord the souls of all those children, deceased in the residential schools of Canada,’’ the pontiff added. “Let us pray for the families and for the indigenous Canadian communities overcome by sorrow.” Francis then asked the public in the square below his window to join him in silent prayer. Last week, the Vatican spokesman didn’t respond to requests for comment about the demands for a formal apology from the pope. On Wednesd ay, Vancouver Archbishop Michael Miller tweeted his “deep apology and profound condolences to the families and communities that have been devastated by this horrific news.” The churchman, who leads Catholics in that British Columbia archdiocese, added that the church was “unquestionably wrong in implementing a government colonialist policy which resulted in devastation for children, families and communities.” The United, Presbyterian and Anglican churches have apologized for their roles in the abuse, as has the Canadian government, which has offered compensation. Among the many recommendations of a government-established Truth and Reconciliation Commission was a papal apology. In 2009, then Pope Benedict XVI met with former students and survivors and told them of his “personal anguish” over their suffering. But his words weren’t described as an apology. AP

BusinessMirror

Tuesday, June 8, 2021

Global weekly cases drop to lowest since mid-March

resh Covid-19 cases for the week ended June 6 were the lowest since mid-March, at 3 million, according to data from Johns Hopkins University. Weekly cases worldwide have been declining for six weeks as the outbreak in India is waning and global vaccination efforts ramp up. The US reported the lowest number of daily cases—5,455— since March 2020, when the coronavirus began its rapid spread across the country. T he globa l deat h tol l is a lso easing , fa l l ing f rom a pea k of over 92,0 0 0 a week at t he end of Apr i l to less t ha n 80,0 0 0 in t he l ast week of May. A d rast ic rev ision of Per u’s fat a l it ies— t he cou nt r y more t ha n doubled its of f ic i a l Cov id deat h count—skews compar isons for t he l atest week. Despite the trend, rising cases in places from Fiji to the UK are a reminder that the pandemic isn’t disappearing anytime soon. The UK’s Health Secretary said it’s too early to say whether a planned loosening of rules on June 21 can go ahead. Key developments:

Taiwan to extend soft lockdown

Taiwan’s government decided to

extend an island-wide soft lockdown by another two weeks, the Cabinet said in a statement on its website. Taiwan has had 11,298 confirmed cases as of Sunday, including 10,100 local cases and 260 deaths, according to a separate statement from Taiwan Centers for Disease Control.

Hong Kong vaccinations accelerate

Hong Kong’s vaccination rate picked up last week, with a record 31,400 people receiv ing their first doses on Saturday. T he increase came af ter t he government announced a campaign to accelerate inoculations by September and as major companies and restaurants started offer ing incentives including cash payouts and extra time off.

Thailand launches mass vaccination drive

Thailand is launching its mass vaccination drive, with a target

of inoculating 70 percent of its residents before the end of this year to prepare for a reopening of tourism in 2022. The Southeast Asian nation plans to administer about 500,000 shots per day starting Monday, compared with a daily average of about 100,000 over the past week. The target population in the initial phase of the nationwide rollout includes residents in Bangkok, the epicenter of the current outbreak, and those in Phuket, which is scheduled to test a reopening for vaccinated tourists in July.

Mumbai to open with restrictions

The Indian state of Maharashtra, which contains Mumbai, has set a five-level plan to ease restrictions based on the positivity rate and the availability of oxygen beds in various districts. According to the plan, which will come into effect from Monday, distr icts w ith positiv it y rate below 5 percent and ox ygen bed occupancy less than 25 percent will fall under Level 1 and will have the least number of restrictions. Districts with positivity rate of more than 20 percent or with over 75 percent ox ygen beds occupied, will be categorized as Level 5 and will have strict curbs on movement of people and business operations, according to the state government’s order. Mumbai, with positivity rate of 5.56 percent as of June 3, is designated as Level 3, under which all shops and private offices are

allowed to remain open till 4 p.m. Malls and multiplex theaters will remain closed.

China’s preschoolers to get vaccine

China authorized the emergency use of Sinovac Biotech Ltd.’s coronavirus vaccine for children, becoming the first major country to grant approval for those as young as three. A government official said the shot would be rolled out among children aged three to 17, beginning with the oldest age group, according to CCTV. The move comes amid reports that young people with the disease could be as infectious as adults. Singapore, Hong Kong and some US states have so far authorized the use of Covid-19 vaccines against children 12 years and above.

Fiji’s cases hit record as kava blamed

Fiji recorded a surge in Covid-19, with 83 new cases reported on Sunday from the day before, according to the Fiji Times. The new tally is a record high for the Pacific Islands nation, where only 0.33 percent of the population have been fully vaccinated, according to Johns Hopkins University data. Officials believe that kava consumption has contributed to the surge, with the virus spreading as people share bowls of the intoxicating drink, the Australian Broadcasting Corp. reported last week. Bloomberg News

2 trains collide in southern Pakistan; 38 passengers die

ULTAN, Pakistan—Two express trains collided in southern Pakistan early on Monday, killing at least 38 passengers, authorities said, as rescuers and villagers worked to pull injured people and more bodies from the wreckage. Some 15 to 20 passengers are still trapped in the wreckage of the Millat Express train and authorities were trying to arrange heavy machinery to rescue those people who are crying for help, said Umar Tufail, a police chief in Ghotki district in Sindh province, where the collision occurred before dawn. The Millat Express derailed and the Sir Syed Express train hit it soon afterward, said Usman Abdullah, a deputy commissioner in Ghotki. It wasn’t immediately clear what caused the derailment and the subsequent collision. “Right now the challenge for us is to quickly rescue those passengers who are still trapped in the

wreckage,” he said. Azam Swati, minister for railways, told The Associated Press that so far 38 people had died and dozens of others were injured. “I am on my way to the Ghotki district where the tragic train accident happened today,” he said. Swati said engineers and experts were trying to determine what caused the collision. He said all aspects will be examined, including the possibility of sabotage. “We are not sure about the cause of the train accident at this stage,” he said. According to railway officials, about 1,100 passengers were on board the two trains, and arrangements were being made to assist the survivors. According to a military statement, troops were also participating in the relief and rescue at the scene. It said military doctors and ambulances were also dispatched from a nearby city and a team of

military engineers was sent to Ghotki by helicopter. According to local media, some of the passengers were traveling by the Millat Express train to attend a wedding party but it was unclear whether they were among the dead or injured. TV footage showed ambulances transporting injured passengers to hospitals. According to Pakistani TV stations, heavy machinery had not reached the scene about four hours after the crash. Pakistan’s prime minister expressed his deep sorrow over the tragedy. Imran Khan said on Twitter that he had asked the railway minister to supervise the rescue work and also ordered a probe into the crash. Of f icia ls at Pa k istan ra i lways said they had ordered an investigation and rescue work w a s s t i l l i n pro g re s s . A ija z A hmed, the driver of the train that collided with the derailed

train told Pakistan’s Geo News T V that on seeing the derailed train cars, he tried his best to avoid the accident by braking but failed. He did not explain how he sur vived. Officials said at least 50 passengers had been transported to the hospital, where some of the passengers were listed in critical condition. Malik Aslam, a local villager, told Pakistan’s Geo News TV that about 100 people were injured and he counted at least 30 bodies of passengers during the rescue and recovery work. Train accidents are common in Pakistan, where successive governments have paid little attention to improving the poorly maintained signal system and aging tracks. In 1990, a packed passenger train plowed into a standing freight train in southern Pakistan, killing 210 people in the worst rail disaster in Pakistan’s history. AP

US-China trade relationship vastly imbalanced, Tai says

he t rade re l at ion sh ip between the two largest economies in the world has “significant imbalance” and the Biden administration is committed to leveling it, according to the US trade representative. Speaking on the weekend before a meeting of Asia-Pacific trade ministers, Trade Representative Katherine Tai said there are parts of the US-China relationship “that are unhealthy and have over time been damaging in some very important ways to the US economy.” She was speaking to reporters and responding to a question about whether the US would continue with its trade deal signed with

China in January 2020 and retain tariffs on Chinese goods. “It’s a relationship in trade that has been marked by significant imbalance—that is in terms of performance, but also in terms of opportunity and openness of our markets to each other,” she said June 5, ahead of a virtual meeting of trade ministers from members of the Asia-Pacific Economic Cooperation forum. “The United States is committed to doing everything we can to bring balance back to the US-China trade relationship.” The comments come as the two nations seem to be increasing their economic discussions, with Chinese Vice Premier Liu

He speaking to both Tai and Treasury Secretary Janet Yellen over the past two weeks. While China said that those talks showed the two sides have restarted normal communications, there’s been no public sign of any progress on the bilateral tariffs or of discussions over other economic flashpoints between the nations. The talks between the two sides are “very encouraging,” Victor Gao, an academic and a former Chinese diplomat who was a translator for late leader Deng Xiaoping, said in an interview on Bloomberg TV Monday. “This bodes well for the future talks and negotiations between the two countries.”

The trade imbalance is something that needs to be dealt with, and the best way to do this is to boost bilateral trade, Gao said. Both countries should cut tariffs to zero, which “will be very good for American jobs and incentivizing every exporter in the United States to find a better market, a larger market in China.” The US administration is reviewing its stance toward China and hasn’t made any major changes to the policies it inherited from former President Donald Trump, and Tai has pledged to build on the January 2020 trade pact, saying on May 5 that she respects the continuity of US policy. Bloomberg News

Sports

All praises for teen US Open champion

BusinessMirror

| Tuesday, June 8, 2021 mirror_sports@yahoo.com.ph Editor: Jun Lomibao

SASO MAKES PHL PROUD S

AN FRANCISCO—Yuka Saso modeled her golf game after Rory McIlroy, spending hours watching videos of his swing before going to bed each night in order to perfect her own. All that work paid off and now Saso is a US Open champion just like her idol thanks to a clutch playoff putt after a back-nine collapse by Lexi Thompson. Saso’s 10-foot putt for birdie on the third playoff hole Sunday helped her edge out Nasa Hataoka and become the second teenager to win the US Women’s Open. Saso overcame back-to-back double bogeys early in the round to make the playoff and then became the first player from the Philippines to win a golf major. “I was actually a little upset,” Saso said about her poor start. “But my caddie [Lionel Matichuk] talked to me and said, ‘Just keep on going; there’s many more holes to go.’ That’s what I did.” Both players made pars at Nos. 9 and 18 in the two-hole aggregate playoff, sending the tournament to sudden death back at the ninth hole. That set the stage for Saso to win it just up the road from Daly City, dubbed “Little Manila” for its large population of Filipinos. There were many on hand for the final round, including several with Filipino flags for the occasion.

“I don’t know what’s happening in the Philippines right now, but I’m just thankful that there’s so many people in the Philippines cheering for me,” she said. “I don’t know how to thank them. They gave me so much energy. I want to say thank you to everyone.” Saso matched 2008 winner Inbee Park as the youngest US Women’s Open champion at 19 years, 11 months and 17 days. Thompson, who had a fivestroke lead after the eighth hole, played the final seven holes in 5 over to finish a stroke back. “I really didn’t feel like I hit any bad golf shots,” she said. “That’s what this golf course can do to you.” The only other players to finish under par on the Lake Course at Olympic Club were Megan Khang and Shanshan Feng, who both were at two under. High school junior Megha Ganne played in the final group but shot 77 and finished 3 over as the low amateur for the tournament. “I’m going to remember this for the rest of my life,” Ganne said. “It’s everything I’ve wanted since I was little, so it’s just the best feeling.” Saso has talked frequently about her time studying McIlroy’s swing and the four-time major winner said he saw the similarities and was flattered by it. McIlroy also sent Saso an Instagram message before the final round imploring her to get the trophy.

“I saw it this morning, and I was like, ‘Ohhh!’” she said. “I should have reposted it but I was so busy this morning, so I’ll do it later. I felt really happy.” Saso got the trophy after a rough start to the final round with double bogeys on the second and third holes that seemed to knock her out of contention. She managed to steady herself with a birdie at No. 7. Saso then made back-to-back birdies on the par-five 16th and 17th holes to get to four under and join Hataoka in the playoff. Hataoka used a run of three birdies in a fourhole span on the back nine that put pressure on Thompson. Thompson wilted down the stretch, making this the seventh straight Ladies Professional Golf Association Tour major won by a first-time winner. The first US Women’s Open on the fabled Lake Course at the Olympic Club ended up like so many of the previous five times the men competed for the national championship here. The 54-hole leader didn’t win any of those five US Opens played by the men, helping the Olympic Club earn the moniker of the “Graveyard of Champions.” Previous winners Ben Hogan, Arnold Palmer, Tom Watson, Payne Stewart, Jim Furyk and Graeme McDowell all got caught on the final day at Olympic and were

SILVER THIS TIME FOR E.J.

By Josef Ramos

RNEST JOHN “EJ” OBIENA finished a fighting second behind world pole vault record holder Armand Duplantis in the Fanny Blankers-Koen (FBK) Games Blankers-Koen Stadion in Hengelo, The Netherlands, on Sunday. Obiena cleared 6.80 meters to grab silver behind Duplantis, whose 6.10-meter effort—eight centimeters below his world record—was indicative of his reputation as the world’s in the event. Obiena, 25, looked on track to peaking at the Tokyo Olympics, having won gold a week ago at the Gothenburg Athletics Grand Prix in

Sweden with a 5.70-meter leap. Dutch Menno Vloon also cleared 5.80m but settled for the bronze medal after failing in his attempt at 5.92m. Rutger Koppelaar, also of The Netherlands, cleared 5.62-m for fourth place, while Obiena’s training partner, Rio Olympics gold medalist Thiago Braz da Silva of Brazil, was fifth also with 5.62m. “I need to do better and improve during the Olympics itself, but it’s going to be one competition at a time,” Obiena said. “The ultimate goal and my direction is to capture the Olympic gold.” Obiena, who used his old USC SERENA WILLIAMS couldn’t put together a comeback against a much younger and less-experienced opponent in the fourth round at Roland Garros AP

Nav Bhatia VINCENT JUICO @VJuico, Instagram vpjp_j, vince.juico@gmail.com

SPORTS WITHOUT BORDERS NAV BHATIA has never missed a Raptors home game since 1995. He migrated to Canada in 1984 during the anti-Sikh riots in India. He couldn’t find work as a Mechanical Engineer so he worked as a car salesman. He sold 127 cars in three months, then later on, bought the car dealership he was working for, then bought

two more after that. He established two foundations, the Nav Bhatia Foundation and the Superfan Foundation. He spends $300,000 a year so that kids can watch Raptors home games. He used basketball and the games to bring children and adults together. Nav provided hot meals for 15,000 medical frontliners. As a

5.2-meter fiber pole, hailed Duplantis’s performance. “Me and Mondo [Duplantis] are good friends. He’s good, definitely a nice guy as well,” Obiena said. “He’s been vaulting really spectacularly. He is born to pole vault and one of the best, I mean he is the best to ever do it. What else can you add to that?” Obiena, the 2019 Southeast Asian Games gold medalist, will return to Germany on June 11 along with his Ukranian coach Vitaly Petrov for another competition in Mossingen. His medal haul ahead of the Olympics is now three gold, three silver and three bronze medals.

YUKA SASO her caddie, Lionel Matichuk, after her victory that made her the first player from the Philippines to win a golf major. AP

denied their titles. Thompson had a five-stroke lead when she walked off the eighth green but she squandered it all on the back nine. She made a double bogey at No. 12, a bogey at 14 and then a bogey 6 on the par-five 17th that was reachable in two shots based on the tee location. “I didn’t hit a bad drive,” Thompson said. “The wind just never got it and then it tried to bounce right, and I’ve never seen a lie that bad. That’s what this course can do. Just got the wind wrong on a few shots coming in.” Her approach shot on the parfour 18th ended up in the bunker and then she missed a 10-foot putt to make the playoff. That left her winless in 15 tries at the US Women’s Open that she first competed in as a 12-year-old in 2007. Thompson was unable to add a second major to the one she won at the ANA Inspiration in 2014. It was another final day disappointment to go with the one that happened at that same tournament in 2017 when she was penalized four strokes during the final round for misplacing her marked ball the previous day and lost in a playoff. “It’s hard to smile, but it was an amazing week,” Thompson said.

HILIPPINE Olympic Committee President Rep. Abraham “Bambol” Tolentino described Yuka Saso’s US Women’s Open victory as an indication that the young golfer is ready for the gold medal at the Tokyo Olympics, while Senator Ralph Recto called her victory a “blast of fresh air in a season of high Covid-19 cases.” “Yuka Saso is one of big bets this coming Olympics. Her victory in the 76th US Women’s Open solidifies her position in ladies’ golf and sends the strongest message that the young Filipina is ready for gold in the Tokyo Olympics,” Tolentino said.. “She is definitely ready to become a gold medalist in the Olympics. I am proud, the entire Philippines as well, of Yuka Saso for showcas-

Pacquiao: Spence fight could be my last

EN. Manny Pacquiao hinted that his fight with International Boxing Federation (IBF) and World Boxing Council (WBC) welterweight champion Errol Spence Jr. could be his last. “It could be,” the 42-year-old Pacquiao told BusinessMirror during a PACQUIAO political engagement at the Elorde Sports Complex in Sucat, Parañaque City, on Sunday evening. “It’s a legacy fight,” Pacquiao said of his August 21 fight with the unbeaten Spence in Las Vegas, Nevada. Pacquiao envisions the fight to cement his illustrious 30-year professional boxing career that started in 1995 when he fought many the world’s bests—including Juan Manuel Marquez, Erik Morales, Oscar dela Hoya, Miguel Cotto, Floyd Mayweather Jr. and Keith Thurman. “It’s going to be a good fight.

I think it will close all the debates on who’s the GOAT [Greatest of All Time],” said Pacquiao, adding that he won’t be fighting in an exhibition fight or even a “YouTuber” after retirement—Mayweather engaged in an eight-rounder Logan Paul last Sunday. “That’s what he wanted to fight—not a boxer,” Pacquiao said. “I’d just like to fight only the best.” No winner was declared in that fight as Paul lasted for eight rounds at the Hard Rock Stadium in Florida. Spence (27-0 record with 21 knockouts) was very visible in sports, telling everyone that the eight-division world champion Pacquiao is “really in deep trouble facing a stronger and better version of him in August.” Pacquiao’s response “He [Spence] must train very hard by now.” Josef Ramos

SERENA LOSES, ROGER WITHDRAWS P

ing the Filipino talent in sports at one of the biggest tournaments in the world,” he added. Malacañang, too, was as proud as everyone else on Saso’s accomplishment. “She is indeed the pride and glory of our country. We are all proud of you. Congratulations,” Presidential spokesperson Harry Roque said in a statement. Roque said no less than President Duterte recognized Saso’s potential, when he awarded her with residential citation after winning the gold medal in the 18th Asian Games in Jakarta. “When we are assaulted daily by the high tally of Covid-19 cases, here comes the low winning score of Yuka Saso like a blast of fresh air,” Recto said in a statement. “She inspires us that despite the handicaps and the hazards we face as a people, we too, can stage a comeback.” “She joins the many gritty Filipina frontliners as a poster girl of our ‘Laban ‘Pinas!’ battle cry,” he added. Senator Manny Pacquiao, the most recognizable Filipino sports icon who mesmerized the world with his titles in eight boxing divisions, was as proud of Saso. “You have shown to the world the Filipino greatness as the world’s youngest champion in the prestigious 2021 US Women’s Open,” Pacquiao said. “I join the entire Filipino nation in celebrating your victory. We are so proud of you.” “I congratulate my fellow Bulakenyo for winning the prestigious US Women’s Open,” Senator Joel Villanueva said. “Her feat is doubly impressive, as the first Filipino and the youngest ever to triumph in one of the world’s toughest tournaments.” “The victory of this Pinay millennial, who hails from San Ildefonso, Bulacan, is the good news we need today,” he said. “That she did through a combination of mental toughness and physical stamina should inspire us that we too can overcome the challenges that face us today.” The International Container Terminal Services Inc. (ICTSI) was also all praises of Saso. “Her ICTSI family thanks Yuka for the pride and joy she gives the country. We commend her for her hard work, perseverance and dedication to training, and most especially for remaining humble despite her recent successes,” the ICTSI said in a statement. “She is and will continue to be a role model for the golfing community. May she also serve as an inspiration to our Filipino athletes in breaking through internationally,” the statement furthered. “ICTSI will continue supporting Yuka in her golfing career, and we look forward to more victories.” The National Golf Association of the Philippines praised Saso on her historic victory, “We are very happy for the new champion and proud of everything that she has achieved so far in her young career,” the NGAP statement said. “Yuka has earned this feat with her amazing talent, determination, and grace under pressure.” “We likewise congratulate Yuka’s family and the rest of her team for their hard work and invaluable support,” the NGAP added. “Further, we express our appreciation to ICTSI and its chairman, Ricky Razon, for their sponsorship not only of Yuka’s professional career but also of golf development in our country.”

ARIS—Serena Williams turns 40 in September. Roger Federer hits that milestone the month before. No one knows how many more French Open appearances each will make, and this year’s tournament ended for both on Sunday. Williams fell way behind and could not put together a comeback against a much younger and lessexperienced opponent in the fourth round at Roland Garros, losing 6-3,

7-5 to Elena Rybakina—who wasn’t even born when the American made her tournament debut in 1998. Asked whether that might have been her last match at the claycourt major, Williams responded: “Yeah, I’m definitely not thinking about it at all. I’m definitely thinking just about other things, but not about that.” Her defeat came hours after Federer withdrew, saying he needed to let his body recover ahead of

Wimbledon after a long third-round victory that ended at nearly 1 a.m. on Sunday. Wimbledon—which Federer has won eight times and Williams seven—begins June 28. “I’m kind of excited to switch surfaces,” Williams said. “Historically I have done pretty well on grass.” She has won 23 Grand Slam singles titles; Federer has won 20. They are two of the sport’s greatest and most popular players, so it was

quite a blow to the tournament, its TV partners and tennis fans to see both gone from the French Open field one after the other—and a week after Naomi Osaka pulled out, citing a need for a mental health break. Williams has won the French Open three times. But the American hasn’t been past the fourth round in Paris since she was the runner-up in 2016. Rybakina is a 21-year-old from Kazakhstan who is ranked 22nd. This was just the seventh Grand Slam appearance for Rybakina—and the first time she ever made it so much as past the second round AP

Global Ambassador for World Vision, Bhatia built 200 washrooms in India. He’s also built basketball courts all over Toronto to keep the youth away from drugs and gang violence. The Raptors organization started to notice him around the 1997-1998 season and soon made him a superfan as a testament to his undying support, loyalty and passion, watching home games through all the wins and losses, the winning and losing seasons, the hiring and firing, and the signings and wavings. When the Raptors won the National Basketball Association (NBA) title in 2019, they gave Nav a championship ring as well. He now has two rings, the other one from

his induction into the Naismith Memorial Basketball Hall of Fame in May 15, 2021. He is the only fan to be ever enshrined into the hall. Nav came on as a guest on my podcast, Sports For All, and with all his success and accomplishments, any lesser man would’ve had all the achievements he’s had gone to his head. He was unassuming and down to earth. Not even a hint of big headedness. My sense was he’s a man, to this day, filled with gratitude for everything that’s been given to him and grateful to the people who’ve helped him along the way. Nav narrated his journey from India to Canada. The people who called him names as he was working as a car salesman. He holds no

ill will towards anyone. He gave his thoughts on the incidents of fan misbehavior in this year’s NBA playoffs. He tweeted last May 17,”I have absolutely no issues in making this a regular occurrence lol. Honoured and humbled to receive this ring from @baronchampionshiprings and @hoophall. I wear this with immense pride and responsibility to carry on spreading the game I love.” NBA.com says, “I started tearing up when I saw my championship turban,” Nav said while discussing the Hall of Fame weekend in an exclusive chat with NBA.com India. “That’s the turban I used during the Golden State run, the white turban with the red and here it was,

installed forever in the Hall of Fame along with a video playing for 10 minutes showing my highlights on my basketball superfan life.” “Then, few feet you go away, it’s Kobe Bryant’s gallery,” Nav continued. “So, you know how crazy it could be, going in the same year and being honored in the same year as Kobe Bryant, Tim Duncan and Kevin Garnett. It’s just crazy. It’s unbelievable because fans don’t have the right to dream of being in the Hall of Fame.” Nav’s one fan, a superfan, who had the right to dream of being in the Hall of Fame because he’s not just a superfan, he’s also a super human being, a Hall of Fame human being.