BusinessMirror March 22, 2024

By Cai U. Ordinario @caiordinario

THE

National Economic and Development Authority (Neda) does not expect inflation to exceed 3.4 percent in March 2024 given the slowerthan-expected progress on the legislated wage.

Socioeconomic Planning Secretary Arsenio M. Balisacan told reporters that the legislated wage being proposed by the Senate of the Philippines and the House of Representatives has the potential to fan inflation.

On Wednesday, Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said inflation in March may have been around 3.9 percent. (See: https://businessmirror. com.ph/2024/03/21/bsp-inflation-couldhave-hit-3-9-in-march/).

By Reine Juvierre Alberto @reine_alberto

WITH the looming threats of El Niño seen to affect agriculture output, former Socioeconomic and Planning Secretary Cielito F. Habito said this situation could extend throughout the year, denting the country’s gross domestic product (GDP) in 2024.

At the Ateneo Eagle Watch’s economic briefing on Thursday, Habito said El Niño will “definitely” affect the agricultural output of the country, thereby slowing down the

growth of the agriculture sector.

The agriculture sector posted a growth of 1.2 percent in 2023, 0.5 percent higher than the previous year, according to the Philippine Statistics Authority (PSA).

“The effect of El Niño in agriculture can still permeate through the performance of industries and services because of the agri-based nature of much of our manufacturing [sector],” said Habito, who served as the National Economic and Development Authority’s (Neda) director general during the Ramos administration. Habito added that agriculture

only contributes 9.8 percent of the GDP, which he noted is “not that much,” but El Niño’s effects on agriculture could impact industries and services.

Since 50 percent of manufacturing is accounted for by food manufacturing, Habito said this segment could also be affected since food comes from agriculture.

The Bangko Sentral ng Pilipinas (BSP) said in its latest discussion paper that higher temperatures brought by climate change will significantly reduce the country’s GDP growth.

See “El Niño,” A

TABy Andrea E. San Juan

@andreasanjuan

HE Philippine Creative Economy amounted to P1.72 trillion in 2023, up 6.9 percent from the P1.61 trillion recorded value in 2022, according to the Philippine Statistics Authority (PSA). Of the creative domains, PSA noted that Symbols and images and other related activities had the highest share of 31.5 percent, or P541.75 billion, to the total creative economy in 2023; it was higher by 2.4 percent than the P529.12-billion value in 2022.

Advertising, research and development, and other artistic service activities contributed 21.9 percent, while Digital interactive goods and service activities shared 21.1 percent in 2023. According to PSA, the creative economy is composed of the following industries: Audio and audiovisual media activities; Digital interactive goods and service activities; Advertising, research and development, and other artistic service activities; Symbols and images and other related activities; Media publishing and printing

See “PHL,” A

FR. ORBOS WITH ROTARIANS Rotary Club of Manila Secretary Edwin H. Hernandez presents the RCM’s Plaque of Appreciation to Rev. Fr. Jerry M. Orbos, SVD, the Rotary Club of Manila’s 33rd weekly membership meeting guest of honor and speaker, at the Manila Polo Club in Makati City on Thursday. Flanking them are (L-R) Past Director Beda G. Fajardo, Rotarian Isidro “Butch” C. Alcantara, Past President Domingo “Boy” S.B. Guevara Jr., Rotarian D. Edgard A. Cabangon and Rotarian Carlos “Caloy” C. Buendia. Story on A16, Second Front Page.

El Niño…

Continued from A

El Niño could reduce GDP growth by 0.47 percentage points (ppts) while hotter temperatures could reduce manufacturing output by 1.8 ppts and service growth by 0.7 percent. (See: https://businessmirror.com. ph/2024/03/15/higher-temperatures-tocut-gdp-growth-bsp-report/).

Meanwhile, Finance Secretary Ralph G. Recto said earlier this year that the Development Budget Coordination Committee is discussing the possibility of coming up with “more realistic targets,” specifically on the country’s GDP. The DBCC is set to meet today, March 22.

The GDP growth for 2024 is pegged to be at 6.5 percent to 8 percent, as indicated in the medium-term fiscal framework (MTFF).

In December 2024, the DBCC reduced the GDP from 6.5 percent to 7.5 percent.

“I am skeptical about the 6.5 percent to 7.5 percent. To me, it’s understandable. There are some realistic elements that we must take into account,” the former Neda chief said.

“[El Niño] will have a dampening effect, clearly, but it’s hard to quantify it without any clear basis for cutting growth,” Habito added.

For the Philippines to deal with the supply shocks, Habito said measures to mitigate El Niño damage should be put into place.

This cropping season, Habito recommended deliberately shifting away from water-intensive and drought-vulnerable crops like rice and sugarcane, and substituting water-efficient ones like legumes, such as mungo, and corn.

“We know it is coming, or already here, and most measures to soften its adverse impact are well known. Everyone simply has to be part of the solution through prudent water use,” Habito noted.

QC Mayor declares pertussis outbreak as cases keep rising

By Claudeth Mocon-Ciriaco

Wage…

Continued from A

“I don’t think that it will go higher than what we had last month. Especially that this push for, you know, legislated wages, did not appear to be gaining ground,” Balisacan said.

QUEZON

City Mayor Joy Belmonte has declared a pertussis outbreak in the city, as cases continue to rise.

The City Health Department-Epidemiology and Disease Surveillance Division reported that from January to March 20, 2024 there have been 23 cases in the city including four Pertussis-related deaths of infants aging from 22 days old to 60 days old.

Belmonte assured the public that the city government is already mobilizing its assets and resources to stop the spread of the disease.

“There is no need to panic. We are making this announcement to make everyone more prepared and remain vigilant. Our declaration is meant to ensure that we are on top of the situa-

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tion, and we will do whatever it takes to curb the spread of this disease. We are mobilizing our own resources towards procuring the needed vaccines to keep our children safe, until such time as the DOH supply arrives,” Belmonte said.

Belmonte already directed the City Health Department, City Disaster Risk Reduction and Management Council, and all relevant city departments to beef up its information, education and communication efforts by promoting awareness and preventive measures on Pertussis in the District Health Offices and health centers. She also ordered the emergency pro-

According to the United Nations International Children’s Fund (Unicef), the first 1,000 days are a unique period of opportunity when the foundations for

curement of Pentavalent vaccines and Antibiotics for treatment of cases and prophylaxis of close contacts of patients reported to have acquired the disease.

“The increasing number of Pertussis cases is alarming and we are taking the necessary steps to prevent further transmission of the disease. We are extending our call to QCitizens who are experiencing symptoms to seek medical care in our health centers,” she said.

Pertussis, also known as whooping cough, is caused by the bacterium Bordetella pertussis, resulting in a highly contagious respiratory infection. It can be transmitted through personto-person respiratory droplets or contact with airborne droplets and exposure to infected or contaminated clothes, utensils, furniture, etc.

The disease’s symptoms include cough persisting for

optimum health and development across the child's lifespan are established. This crucial time influences the child’s ability to survive, grow, learn and rise out of poverty.

“Hopefully, policymakers can start thinking about it and sometime in the future, they can do further studies,” Teves added. The former Finance chief also noted that the country lags in investments in human capital, citing the 2022 Program for International Student Assessment (PISA) report where the Philippines ranked poorly, at 77th out of 81 countries.

Habito: threat to future FORMER Socioeconomic and Planning Secretary Cielito F. Habito, who also spoke at the economic briefing, said the “silent crisis” of early childhood malnutrition and stunting worsens the education crisis threatening the country’s economic future.

As malnutrition and stunting result in students’ underperformance, Teves also suggested expanding and extending the education voucher system to kindergarten and grade school students. Currently, education vouchers are offered to high school and senior high school students under the K-12 program.

Building classrooms in regions with the highest student population density and where private schools are few should also be prioritized, Teves said.

two or more weeks, mild fever, runny nose and cough. Pertussis is most contagious up to about three weeks after the cough begins, and many children who contract the infection have coughing spells that last four to eight weeks.

To prevent the deadly effects of Pertussis, a routine DPT (diphtheria, tetanus, and pertussis) vaccination is often administered to infants and young children as early as 2 months old.

Meanwhile, the Epidemiology and Disease Surveillance Division will administer prophylaxis to all identified probable cases in the areas where the cases were reported, as well as isolation and treatment of patients.

In addition, the city government will increase its surveillance in high-risk areas including targeted testing to individuals exhibiting symptoms or those at risk.

He proposed encouraging the private sector to help students through financial support, skill development initiatives, internships, and future employment.

“The government should invest more [in] the education of the youth as this contributes to the development of youth capital which is crucial for long-term economic growth and competitiveness,” Teves said.

Benjamin E. Diokno, another former Finance secretary, had the same views in focusing more on the basic education system, specifically on improving elementary and secondary education than providing subsidies to college students.

Meanwhile, current Finance Secretary Ralph G. Recto told the BusinessMirror that he supports Teves’ proposal, adding that there should be more investments in human capital, particularly in education.

“We should be investing more in training and reskilling our workers and students toward ICT [information, communications, and technology] development for jobs of the future relating to cyber security and artificial intelligence,” Recto said.

Recto cosponsored Republic Act 11148 or the “Kalusugan at Nutrisyon ng Mag-Nanay Act,” which will provide muchneeded protection during the first 1,000 days to mothers and children from malnutrition.

Reine Juvierre Alberto

The Neda Secretary reiterated the oversight agency’s position that wages should be set through a tripartite decision between the government, employers, and workers.

Balisacan added that the recent growth of the economy has benefitted workers nationwide, indicating that wages have somewhat caught up with the needs of workers.

Nonetheless, Balisacan recognized the need to grow the economy faster in order to benefit more workers. He said allowing incomes to double in five or seven years requires nothing less than sustained growth.

Hindi naman totoo na hindi nakikinabang ang workers natin sa growth. The economy is growing, hindi naman totoo na hindi nakikinabang, makikita mo naman [It’s not true that workers don’t benefit from growth. The economiy is growing, you can see that they are benefiting, you can see it]. But of course, it will take many years of growth for us to be able to change from bicycle to motorcycle,” Balisacan sad.

Meanwhile, in order to better manage commodity prices, the Neda said the national government should already implement the national information network (NIN) to allow for better price monitoring efforts.

Neda Undersecretary for Policy and Planning Rosemarie G. Edillon said that while there is a provision in the proposed livestock market bill for the NIN, the government does not need to wait for the passage of this law.

Edillon said the NIN is already provided for in the Agriculture and Fisheries Modernization Act of 1997 and as such can already be implemented.

While the design for the NIN is still being conceptualized, it can actually adopt a “Waze-like” system where information about prices can be crowdsourced from traders and planters.

“What we want to do is,come up with some sort of marketing information real time. So, not like inflation because inflation is one month delayed, right? So, this one is real time and more disaggregated. But of course, it’s still on pilot,” Edillon said.

BSP’s inflation target is 2 to 4 percent for 2024. Inflation in February increased to 3.4 percent from 2.8 percent in January. Inflation was at 7.6 percent in March 2023.

If the March inflation rate reaches 3.9 percent, this will mark the fourth month that the inflation rate was within the BSP’s 2 to 4 percent target.

In 2023, there were 7.26 million persons employed in creative industries, or 4 percent more than the 6.98 million persons in 2022.

In terms of gross value added across industries, Art galleries, museums, ballrooms, conventions and trade shows, and related activities posted the fastest growth, or 14.1 percent from 2022 to 2023. This was followed by Advertising, research and development, and other artistic service activities, which grew by 12.7 percent.

As to the employment rate in creative industries, Art galleries, museums, ballrooms, conventions and trade shows, and related activities also posted the fastest growth— by 26 percent from 2022 to 2023. This was also followed by Advertising, research and development, and other artistic service activities, which grew by 9.9 percent.

Inflation first fell within BSP’s target in December 2023 at 3.9 percent, followed by January 2024 at 2.8 percent, and February 2024 at 3.4 percent. activities; Music, arts and entertainment activities; Visual arts activities; Traditional cultural expression activities; and Art galleries, museums, ballrooms, conventions and trade shows, and related activities.

PSA noted that employment in Traditional cultural expression activities recorded the highest share of 35.5 percent in 2023. This was followed by Symbols and images and other related activities and Advertising, research and development, and other artistic service activities with 30.3 percent and 17.8 percent, respectively.

tant Director of the Department of Trade and Industry’s (DTI) Competitiveness Bureau, cited the United Nations Conference on Trade and Development (Unctad) report, saying the Philippines has been contributing “very robust” creative trade performance after the pandemic.

“According to Unctad, we are a global powerhouse in Asia with regard to the creative economy and I think by doing so, we are able to have a fair share of this trade positive return,” he said at a recent export congress.

The DTI official earlier noted that the agency has “ramped up” its promotion for film, digital, animation and game development sectors.

In 2022, Trade and Industry Secretary Alfredo E. Pascual said the Philippines is targeting to become the top creative economy in Asean by 2030. (Full story here: https://businessmirror.com.ph/2022/07/29/dti-chiefphl-aims-to-become-top-creative-economy-in-asean-by-2030/#google_vignette) Ex…

Jo-Dann Darong, Assis-

Economy

Editor: Vittorio V. Vitug

Czech Republic says keen on exporting farm, food items, training PHL farmers

By Andrea E. San Juan @andreasanjuan

THE Czech Republic wants to export agricultural and food products such as dairy and meat to the Philippines as well as provide “knowhow” to help train Filipino farmers.

“We see a huge potential not only in the imports from Czech Republic to the Philippines but also in the other direction,” Marek Výborný, Minister of Agriculture for Czech Republic said at a briefing in Makati City on Thursday.

“So when it comes to agriculture and food industry, what we can of-

fer are for example, meat products, but also things like genetic material of breeding cattle and also dairy production, or what is suitable to transport in such a huge distance,” Czech agriculture chief noted.

At the business delegation between the Czech Republic and the Philippines, Výborný said in terms of livestock commodities, the European country has “excellent results,” such as in milk production and milk yields.

In fact, he noted, “The Czech Republic’s yield is among the world’s best and we’re actually the third amongst the EU member states.”

The Agriculture minister high-

lighted that the European country is “especially famous for the exports of durable dairy and meat products confectionery and bakery products and food preparation, as well as for the exports over quality livestock for breeding purposes and also their genetic material.”

At least 25 Czech companies flocked to the Philippines for a six-day business delegation. These firms belong to different areas such as beverage, butchery, dairy, vegetable breeding, transport and warehousing, odor repellents against animals, insurance for export and investment credits, poultry breeding,

production of medicinal products, water management, recruitment, brewery, education, among others.

Apart from agricultural products, Výborný said the European country is also “ready to provide know-how and expertise to help train your farmers.”

In the labor aspect, the Agriculture minister said that Czech has one of the lowest unemployment rates in Europe, which he said is about 3 percent. With this, his country is offering thousands of jobs within its food industry.

He then noted that this is a potential area for mutual cooperation “because we can offer jobs to your

PPP Center expects 20 solicited projects to advance to Neda

By Cai U. Ordinario @caiordinario

T(See:https:// businessmirror.com.ph/2024/02/20/ ppp-center-lists-28-projects-up-forimplementation-in-24-25/).

Hernandez said there could be more projects, depending on the number of unsolicited projects that could be submitted for ICC or Neda Board evaluation and approval. Right after the passage of the PPP Code, the PPP Center has already processed

20 unsolicited projects.

“Some of them are being assisted by the PPP Center as well to go through the solicited route. So think within the year, a substantial number of those would be submitted to Neda. We’re thinking around 20 to the ICC,” Hernandez said.

“But think the sort of wild card in here is the unsolicited proposals. So even prior to the passing of the IRR, the PPP center has already received and processed over 20 unsolicited proposals,” she added.

Socioeconomic Planning Secretary Arsenio M. Balisacan said this more optimistic assessment is due to the streamlined approval process for PPP projects under the newly signed PPP Code Implementing Rules and Regulations (IRR).

Balisacan explained that not all PPP projects will go through Neda Board approval. If these projects are below P15 billion and would not require government

guarantees or any subsidy from the government, such as those for right-ofway acquisition, these projects need only to secure a nod from the ICC.

“For projects that are P15 billion and above, they will go through the Neda board, as I’ve explained before. But for projects that are below that threshold, and which do not require any form of subsidy from government, they do not have to go through anymore to the Neda board,” Balisacan said.

The Neda Secretary said that smaller PPPs that do not meet the P2.5 billion threshold of the ICC, such as small local government unit (LGU) projects, can already be decided at the local level. The fate of these projects can even be approved by the Sanggunian Councils.

Hernandez said this is behind the PPP Center’s efforts to conduct capacitybuilding efforts for LGUs in terms of project

evaluation and approval. This will help them make informed decisions when deciding on projects to undertake.

This will also allow the 120-day evaluation period set in the IRR of the PPP Code. This means all projects have to be evaluated and approved within this period allowing a faster turnaround time for PPPs.

Meanwhile, the government is confident that PPPs for high-quality social and development infrastructure will continue to thrive under a predictable policy environment.

On Thursday, Balisacan said its completion underscores the government’s commitment to sustaining the infrastructure push under the “Build-Better-More” program aimed at social and economic transformation.

“The PPP Program is a major government initiative—in light of the tight fiscal space, it is an essential component of the

people and your people can then transfer the know-how back to the country.”

“And I’d like to stress that the positions for the jobs that we’re offering are not only in primary production; it’s not just about blue collar workers, but also speaking about positions in management of farms,” said Výborný.  The Agriculture minister added, “I’ve repeatedly heard highly positive feedback from the Czech farms and czech food industry speaking about Filipino workers.”

It is worth noting that one of the 25 Czech firms that flocked to Manila for a business delegation is Clever

President’s transformation agenda under the Philippine Development Plan [PDP] 2023-2028. We are in a hurry to get strategic investments to increase our economy’s growth potential,” Balisacan said.

“The momentum for reform and action is strong, and we are pulling out all the stops for investors who wish to do business in one of the most promising economies in the region,” he added.

The PPP Code and its IRR aim to strengthen and institutionalize PPPs in the country by providing a unified legal framework for all PPPs at both national and local levels.

This landmark legislation clarifies the ambiguities in the Build-Operate-Transfer Law, which was last amended in 1994, and other existing PPP legal frameworks.

The law will enable much-needed development across various sectors of the economy and accelerate the delivery of affordable, accessible, and efficient public services.

“With the PPP Code IRR now signed,

Advisor s.r.o. which has a company description that says, “From identifying suitable candidates to navigating the intricacies of visas and work permits, we provide a complete solution for hiring workers from abroad.”

Also one of the participating Czech firms is the Czech University of Life Sciences Prague (CZU), a university of agricultural education and research, based on the delegation brochure.

Data from Tradeline Philippines, an export data and service portal, showed that total trade between the Philippines and Czech Republic amounted to $396.31 million in 2023.

we are confident that its updated policy framework will strengthen the country’s investment ecosystem. This framework is designed to be efficient, fair, and promote stronger collaboration between the public and private sectors,” Hernandez said.

Republic Act No. 11966, or the PPP Code of the Philippines, was signed into law on December 5, 2023, and came into effect on December 23.

The PPP Governing Board, acting as the PPP Code IRR Committee, was mandated to promulgate the IRR within 90 days from the effectivity of the law, or by March 23, 2024.

Since January, the committee has been conducting online and in-person consultations to solicit questions, suggestions, and recommendations from key stakeholders in the public and private sectors, development partners, and other organizations to craft and finalize the IRR.

After its signing today, the copy of the IRR will be available to the public on March 22, 2024. The IRR will take effect 15 calendar days after publication or on April 6, 2024.

Pres. Marcos better after bout with flu—Palace

By Samuel P. Medenilla @sam_medenilla

PRESIDENT Ferdinand R. Marcos, Jr. continues to work despite suffering from flu-like symptoms, read a brief statement issued last Thursday by the Presidential Communications Office (PCO).

The PCO also reported there has already been an improvement to the health of the chief executive as well as First Lady Louise “Liza” Araneta-Marcos.

“The President and the First Lady continue to experience flu-like symptoms but with improvements, maintaining stable vital signs. They are advised to continue medications, rest, and hydration for full recovery,” PCO said. “The President continues to work in his residence, handling correspondence and directives within medical advice.”

Marcos was supposed to attend the launching of the Electronic Local Government Unit (eLGU) Caravan in Quezon City last Wednesday but was unable to do so after feeling ill.

The President and the First Lady have been advised by their attending physician to get some rest to help with their speedy recovery.

Both have been on a tight schedule in the last two weeks when they visited Australia, Germany and the Czech Republic.

The President also attended the World Economic Forum Country Roundtable on the Philippines, which was held in Malacañang last Tuesday.

The PCO said the President wants to resume his “public engagements soon, per his physician’s clearance.”

Tansingco: Probe extortion of Fil-Indians by BI officers

By Joel San Juan @jrsanjuan1573

BUREAU of Immigration (BI)

Commissioner Norman G.

Tansingco has ordered an immediate investigation into alleged multi-million extortion activities being perpetrated against Filipino-Indian nationals in several provinces in the Visayas by erring immigration operatives.

“The BI management does not tolerate any kind of corrupt practices amongst its ranks,” Tansingco said last Thursday. “We have initiated an investigation on this matter and are welcoming information from concerned indi-

viduals on reports against erring personnel.”

The BI chief issued his order after a news report cited that some Immigration officer extorted money from 19 out of the 33 Filipino-Indian nationals who were arrested last February 22 in Iloilo. The report said 14 of those arrested were officially charged for various offenses while 19 were freed after allegedly paying P350,000 each to BI operatives.

The report also claimed that the erring operatives called for a meeting with representatives of the Filipino-Indian community to relay their intention to collect P50,000 each from its members

Miaa expects 15% surge in volume this Holy Week

By Lorenz Marasigan @lorenzmarasigan

THE Manila International Airport Authority (Miaa) is bracing for an influx of travelers at the Ninoy Aquino International Airport (Naia), expecting the gateway to accommodate more than a million passengers across Naia’s four terminals between March 24 and March 31.

Miaa General Manager and CEO, Eric Jose C. Ines said the agency anticipates a 15-percent surge in passenger volume compared to last year’s Holy Week, which saw 926,755 passengers passing through Naia from Palm Sunday to Easter Sunday. This surge follows a trend of rising domestic travel, with passenger numbers for March 2024 already surpassing 1.8 million in just the first two weeks. For this year’s Holy Week, passenger traffic could reach 140,000 on a single day, or close to

the pre-pandemic Lenten season, which recorded 1,126,501 passengers over eight days, averaging 140,81 daily.

“Our domestic operations, in particular, have been consistently surpassing prepandemic flight movement and passenger volume. We anticipate travelers taking advantage of exploring local destinations, the ease and convenience of air travel, summer airline promotions, or simply vacationing and being with family during this time,” Ines said.

To manage the expected surge, Ines said they would ensure adequate manpower, equipment and optimal working conditions across all airport facilities.

Monthly test runs of standby generator sets have been conducted since January to guarantee operational readiness in case of power outages, according to a statement by the Miaa. Additionally, maintenance activities have been completed to enhance the reliability of electrical systems at Naia Terminal 3, it added.

in order to be exempt from future operations of the Immigration bureau.

The Filipino-Indian community is reportedly planning to launch a protest against the alleged extortion.

BI Spokesman Dana Krizia M. Sandoval said the report has already reached the attention of the bureau.

“We have yet to receive a copy of the official complaint, but the Commissioner has initiated investigation upon receiving such information,” Sandoval said. “His office does not tolerate the use of names of officials in extortion activities.”

In response to rising temperatures and the potential impact of El Niño, the Miaa is conducting inspections and maintenance of air conditioning units, alongside coordination with utility providers to ensure uninterrupted water service. The Miaa added it will establish assistance desks throughout the terminals to provide “passenger-assistance measures” to those experiencing flight disruptions.

In anticipation of increased flight schedules, the Miaa has adjusted the closure schedule of Runway 06/24 to minimize disruptions, according to Ines’s office. Moreover, the Miaa is beefing up its collaboration with government agencies within Naia, such as the Bureau of Immigration and the Office for Transportation Security, to streamline passenger processing and ensure fully staffed checkpoints, it added.

Furthermore, airlines have also been reminded to prepare for contingencies and adhere to passenger rights regulations. Passengers are advised to arrive at Naia well in advance of their flights, with suggested check-in times of at least three hours for international departures and two hours for domestic departures. Online check-in options and immigration e-gates are encouraged to expedite processing.

Sustainable bonds in Asean, 3 countries more robust than euro area

Continued from A16

The government successfully raised $1 billion from its offering in late November and settled the transaction on 6 December. (See:https://businessmirror.

com.ph/2023/12/01/ng-bags-1b-fromsukuk-issuance/)

The sukuk bonds aims to develop Islamic banking and finance in the Philippines, allowing the country to attract investors across the Middle East. “This issuance seeks to establish an active and liquid reference curve for the sukuk market for future issuers. The net proceeds of the bond completed the government’s external commercial funding requirements for 2023 and will be used for general purposes, including but not limited to the government’s budgetary support,” ADB said. Meanwhile, ADB said financial conditions

in emerging East Asia improved marginally between 1 December and 29 February, as the United States Federal Reserve was expected to ease its monetary stance, while inflation continued to moderate and most economies posted sound economic growth in the region.

Equity markets gained in 6 of 9 regional economies, and a total of $17.4 billion in net foreign equity inflows was recorded. Emerging East Asia includes the member economies of Asean; the PRC; Hong Kong, China; and the Republic of Korea. Emerging East Asia’s local currency bond market grew 2.5 percent in the final quarter of last year to $25.2 trillion. Overall bond issuance contracted 4.8 percent from the previous quarter, as most governments had fulfilled their funding requirements in prior quarters, while the PRC led a contraction in corporate borrowing amid a weak economic outlook.

Pinoys’ buying shifts to more of self-care items, healthier food–Kantar

“This reflected the Filipinos’ move to shop in an expanded repertoire of FMCG channels,” Obana added. Since 2020,Obanasaid Kantar noticed that out-of-home purchases have seen an uptrend. Globally, snacks and non-alcoholic beverages comprise the bulk of out-ofhome purchases.

Obana said Filipinos are becoming more healthy. All households (99 percent) said being healthy is important/very important, but only 72 percent are able to consistently shop for healthy grocery items. This shopping trend is influenced by Filipinos’ budget and

product availability, according to Kantar.

In 2024, she said Kantar believes that Filipinos will continue to allot a budget for their pets, with pet food gaining relevance among pet owners. Recent figures show that 66 percent of Filipinos buy pet food, significantly increasing their spend at 44 percent last year. Pet grooming and pet accessories are areas that they may also spend more on this year. Based on these trends from the Worldpanel Division of Kantar, Obana said that brands must determine what Filipinos think are important and what can they bring to the table to address those needs?

“The answer is not far from or different from a year or two ago. The market is inundated with so many choices from brands, channels and retailers. This can get overwhelming for Filipino shoppers, especially if their lifestyles are shifting and their habits are changing. At the end of the day, Filipinos need to find the value in what they are buying—sometimes, this may mean something more than just currency. It is, therefore, important to balance one’s understanding of what value is in the present need and lifestyle of Filipinos,” explained Obana. Rizal Raoul Reyes

LThe officials touted the project as “historic,” “a first” and a “game changer” of its kind in the province. They said it realizes “the governor’s ambition to boost Pangasinan’s economic and tourism growth. Local officials added the project is expected to “transform the province’s inland connectivity” and facilitate faster mobility of people, goods and services, as well as help ease the traffic and attract more investments to come in. “All our big projects are anchored on the construction of the Pangasinan Link Expressway, because this serves as the backbone of our province in terms of ease of travel and connectivity,” Governor Ramon V. Guico III said during the ceremonial groundbreaking and unveiling of the marker.

The governor cited the rapid progress and developments that have taken place in the agricultural town of Binalonan since its hosting of one of the toll plazas of the Tarlac-Pangasinan-La Union Expressway (TPLEx). Guico also expressed confidence that the new infrastructure project that will link the east and west of Pangasinan will also bring significant improvements to the localities covered by the PLEx and the lives of 3.2 million residents.

“In the same model, if we are able to construct this [expressway], it will open so many doors for the other towns and cities of Pangasinan. Definitely, there will be growth in business and investments. There will be more jobs created. There will be more ease in travel within and outside of the province,” the governor pointed out. The PLEx is included in SMHC’s broader initiative to improve the road networks in Central and Northern Luzon.

“This project is part of our commitment to improving the lives of our kababayans by creating jobs and opening up more economic opportunities at no cost to the government,” noted San Miguel Corp. (SMC) President and CEO Ramon S. Ang.

According to Ang, the first stage of the 42.76-kilometer expressway will span from Binalonan to the capital town of Lingayen, traversing eight municipalities in Central Pangasinan. Project segments

will be from Binalonan to Manaoag at 6.9 kilometers (km); Manaoag to Calasiao, 11.3 km; Calasiao area, 2.39 km; and Calasiao to Lingayen, 22.7 km. PLEx will have four lanes, two per direction, with median barriers, and lay bays.

“Phase two will extend to Alaminos as demand increases,” bared the SMC president and CEO. “PLEx will also connect to TPLEx, providing direct access to our New Manila International Airport in Bulacan, which is envisioned to be the country’s largest and most modern international gateway that will benefit the Filipino people.”

What’s next

UNDER their joint venture and tollway concession agreements signed last October 19, 2023, the Provincial Government of Pangasinan will be responsible for acquiring the road right of way (ROW) and toll regulation.

While the project will be fully subsidized by the SMHC, the province has already committed P1 billion for the acquisition of land. The proponent will engage an engineering company to do the design and prepare the ancillary of the ROW.

Following the groundbreaking, Governor Guico III told reporters on the sideline of the event that they will finalize the ROW alignment and acquisition.

“Then, it’s more on the technical aspect of the project that we have to focus on. Our marching order is to start right away. So the implementation of the project must be also record-breaking,” he said of their expectation to commence construction this year. “Hopefully, we can finish phase one in four years or earlier. What will take time is the [expropriation] of the right of way. If we can do its procurement in one month, since the fund is already available, the better.”

Upon the completion of PLEx, travel time from Binalonan to Lingayen will be lessened from an hour-and-40 minutes to only around 20 to 30 minutes.

Per the concession deal, Pangasinan will be entitled to five percent in toll revenues and commercial development of the expressway. Also, it will get 30 percent of the earnings before tax once the SMHC exceeds the project’s internal rate of return (PIRR) of 10 percent, and 70 percent for surpassing 12 percent of the PIRR.

After 35 years, SMHC will turn over the expressway to the province, or can continue on with a re-operating arrangement of both parties.

“We look forward to this important partnership that will strengthen the linkages between the government and the private sector,” Pangasinan Vice Governor Mark Ronald D.G. Lambino said.

New Naia management to crack down on inefficiencies

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

THE private company that will manage the Ninoy Aquino International Airport (Naia) promises not just a rehabilitation of the present structures, but reforms as well in the handling of passengers that address their common complaints of inefficient operations and corruption among airport officers.

San Miguel Holdings President Ramon S. Ang, who leads the consortium that has won the right to rehabilitate the 76-year-old airport, told the BusinessMirror, “At the Naia-3, we will increase CCTV coverage in immigration areas, featuring timers for transparency.... We will also require body cameras for active duty screeners of the Office of the Transportation Security (OTS).” He said he wants to increase the availability of transport network vehicle services “at all terminals” to ensure passengers have safe vehicles with trustworthy drivers, when they leave the airport.

The business tycoon will be meeting with heads of the Bureau of Immigration (BI), Bureau of Customs (BoC), and OTS to discuss how he can help improve their services. “Our goal is to enhance the overall passenger experience at Naia through strategic improvements, collaboration with all stakeholders, and adoption of technology, addressing key pain points in immigration, security, customs, and transportation,” he stressed.

The New NAIA Infrastructure Corp. (NNIC) recently signed a concession agreement with the government, which allows it to operate, maintain, and rehabilitate the country’s premier gateway for 15 years, with an option to extend it for another 10 years. The P171-billion public-private partnership project will expand the passenger capacity of Naia to 62 million from the present 32 million and provide government with annual earnings of P36 billion. Other members of the consortium are RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corp.

Tech upgrades

ACCORDING to the Department of Transportation (DOTr), the Manila International Airport Authority will continue to exist, but as a regulatory agency. Operations will be totally transferred to NNIC (formerly, SMC-SAP & Co.) by September this year. The setup is patterned after the Mactan-Cebu International Airport and Clark International Airport operations.

“Before taking over Naia’s operations, we will sit down with the BI to develop an action plan addressing long queues and other passenger concerns, such as handling excluded passengers and facilitating seamless transfers for connecting passengers,” said Ang. “Our focus includes enhancing the service level agreement with BI, optimizing immigration manpower, upgrading computer and server capacities for the e-travel system, and adjusting to the increase in international flights. We aim to improve passenger processing times by considering flight schedules, terminal assignments, and aircraft types.”

Ang wants to launch an airport management system for realtime flight and passenger load updates at Naia-3, “ensuring all immigration counters are staffed consistently.” He is also exploring the adoption of “biometric passenger processing systems” and the installation of more e-gates to streamline arrivals.

Other enhancements the NNIC will introduce at Naia-3 include dedicated immigration and security lanes for overseas Filipino workers, business and first class passengers, and those from the Association of Southeast Nations; expansion of lanes to expedite processing; establishment of passenger assistance counters for immigration-related issues. Aside from installing more CCTV cameras with timers Ang also wants to implement queueing systems and assign airline queue managers “to prioritize imminent departures.”

Raise OTS screeners’ pay ASIDE from requiring body cameras for OTS screeners, Ang is looking to “address the shortage of screening officers through enhanced recruitment and compensation.” Government sources said most OTS screeners and frontliners are actually job-order employees whose salaries are delayed sometimes up to three months. While it is not clear how NNIC can raise government staff salaries, the executive said, “It’s something we need to work out with OTS and see how we can improve the service level.”

To that point, Ang said, customer service and security training of OTS should be expanded, “emphasizing consistent policies on carry-on items.” Also, he is considering pre-check programs for frequent and business travelers in all terminals and is looking to “improve queueing and screening areas, employing advanced machines for a smoother security check.”

Ang will be working with BoC to streamline baggage inspection post-claim, before passengers exit the arrival hall, and “intensify information campaigns on prohibited items and duties through airline partnerships.”

With regard to tourists’ complaints on overcharging taxis at the Naia, he said they will “simplify the accreditation for more transport providers, while ensuring compliance with international standards on vehicle condition, payment options, transparent rates; incorporate comprehensive transport options, including fares and schedules, on the airport’s website and mobile app; and introduce ride-sharing van services, similar to those in the US, for improved efficiency and cost-effectiveness.”

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Gaps narrowing in Israel-Hamas cease-fire talks, Blinken says during Middle East visit

By The Associated Press

UNITED States Secretary of State Antony Blinken says the “gaps are narrowing” in indirect negotiations between Israel and Hamas over another cease-fire and hostage release that the US, Egypt and Qatar have spent several weeks trying to broker.

Blinken’s sixth visit to the region since the start of the Israel-Hamas war began in Saudi Arabia and will take him to Egypt on Thursday and Israel on Friday. In an interview Wednesday with the Al-Hadath network in Saudi Arabia, Blinken said the mediators worked with Israel to put a “strong proposal” on the table. He said Hamas rejected it, but came back with other demands that the mediators are working on.

“The gaps are narrowing, and I think an agreement is very much possible,” Blinken said.

At least 31,819 Palestinians have been killed, according to Gaza’s Health Ministry, which doesn’t differentiate between civilians and combatants in its count but says women and children make up two-thirds of the dead. A United Nations food agency warned that “famine is imminent” in northern Gaza.

Palestinian militants killed some 1,200 people in the surprise October 7 attack out of Gaza that triggered the war, and abducted another 250 people. Hamas is still believed to be holding some 100 people hostage, as well as the remains of 30 others.

In the Red Sea city of Jeddah, Blinken met with Saudi Arabia’s de facto leader, Crown Prince Mohamed bin Salman and Saudi Foreign Minister Prince Faisal bin Farhan. The prospect of normalization of relations between Saudi Arabia and Israel is seen as a potential point of leverage in pushing the Israelis on

easing civilian suffering in Gaza.

Blinken and Prince Faisal “discussed the urgent need to protect all civilians in Gaza and immediately increase humanitarian assistance to those in need,” the State Department said, adding that “resolving

Russia fires 31 missiles at Kyiv in 1st attack in 44 days, 13 people are hurt

By Hanna Arhirova The Associated Press

KTURMOIL IN VIETNAM AS PRESIDENT RESIGNS; VICE PRESIDENT BECOMES INTERIM PRESIDENT

HBy Aniruddha Ghosal The

Associated Press

ANOI, Vietnam—Vietnam’s Vice President Vo Thi Anh Xuan will serve as acting president after the previous president’s resignation a year into the position, a Communist Party newspaper reported Thursday.

Analysts said a permanent candidate was unlikely to be selected soon, underscoring the growing concerns among foreign investors about political instability in the Southeast Asian nation that is a growing manufacturing hub and sits at the middle of the US-China competition for global influence.

Xuan, 54, became vice president in 2021 and she will be serving as acting president for the second time, the Tuoi Tre daily reported.

On Wednesday, President Vo Van Thuong resigned due to unspecified violations that hurt the perception and reputation of the party and the state, the Communist Party said. Thuong’s predecessor Nguyen Xuan Phuc had resigned last year to take “political responsibility” for corruption scandals during the Covid-19 pandemic.

Although the violations were not detailed, analysts said the party’s language made it clear he was implicated in the anticorruption campaign.

That the youngest president in Vietnam’s modern history, once considered the protégé of Communist Party chief Nguyen Phu Trong, 79, became its shortest-tenured is a “political earthquake,” said Nguyen Khac Giang, an analyst at Singapore’s ISEAS-Yusof Ishak Institute.

South Korea will take final steps to suspend licenses of striking junior doctors next week

By Hyung-Jin Kim The Associated Press

SEOUL, South Korea—South Korea’s government will take final steps to suspend the licenses of striking junior doctors next week as they refuse to end their weekslong walkouts that have burdened the country’s medical services, officials said Thursday.

More than 90 percent of the country’s 13,000 medical interns and residents have been on strike for about a month to protest the government’s plan to sharply increase medical school admissions. Their strikes have caused hundreds of cancelled surgeries and other treatments at hospitals. Officials say it is urgent to have more doctors because South Korea has a rapidly aging population and its doctor-to-population ratio is one of the lowest in the developed world. But doctors say schools can’t handle an abrupt, steep increase in students, and that it would ultimately undermine the country’s medical services.

The government has been taking a series of administrative steps required to suspend their licenses after they missed a government-set, Feb. 29 deadline to return to work.

The steps include sending officials to formally confirm the absences of strikers, informing them of possible license suspensions and giving them

chances to respond.

Vice Health Minister Park Minsoo told a briefing Thursday that the government is expected to complete those steps for some of the striking doctors next week and will send them notices about its final decision to suspend their licenses.

Park earlier said that under South Korea’s medical law, the striking doctors could face at a minimum three-month suspensions and even indictments by prosecutors for refusing the government’s back-towork order.

He urged the striking doctors to return to work immediately, suggesting those who end their strikes could receive softer punishments.

“They should return as soon as possible not only for patients but also for their future careers. This kind of exhaustive walkout from hospitals must not continue any longer,” Park said. “As we’ve said many times, we won’t treat those who return swiftly as equally as those who return late.”

It’s unclear whether and how many striking doctors would return to their hospitals at the last minute. According to Park, none of the strikers who were informed of their possible license suspension has responded.

Senior doctors at major university hospitals recently decided to submit resignations next week in support of the junior doctors. Still, most of them

the conflict” and “preparing for the post-conflict phase” remain a top priority.

Blinken also “emphasized the United States’ commitment to achieving sustained peace through the establishment of an independent Pales-

old man were hospitalized, the city administration said. Eight other people sustained light injuries, according to Mayor Vitali Klitschko.

Ukraine’s Emergency Service said around 80 people were evacuated from their homes.

Falling wreckage from the intercepted missiles set fire to at least one apartment building, burned parked cars and left craters in streets and a small park. Some streets were littered with debris, including glass from shattered windows.

The attack came after repeated Ukraine aerial attacks in recent days on Russia’s Belgorod region near the border with Ukraine.

Russian President Vladimir Putin had threatened Wednesday to “respond in kind” to the attacks. At an event in the Kremlin, Putin said Russia “can respond in the same way regarding civilian infrastructure and all other objects of this kind that the enemy attacks. We have our own views on this matter and our own plans. We will follow what we have outlined.”

will likely continue to report to work. If they walk off the job, that would hurt South Korea’s medical services severely.

Two senior doctors, who lead an emergency doctors’ committee for the walkouts, were recently given government notices that their licenses would be suspended for three months for allegedly inciting the junior doctors’ walkouts.

The striking junior doctors account for less than 10 percent of South Korea’s 140,000 doctors. But in some major hospitals, they represent about 30 percent-40 percent of the doctors, assisting senior doctors during surgeries and dealing with inpatients while training.

The government aims to increase the country’s medical school enrollment cap by 2,000 starting next year, from the current cap of 3,058 that has been unchanged since 2006. On Wednesday, the government announced detailed plans on how to allocate those additional 2,000 admission seats to universities, a sign that it won’t back down its plan.

Officials say more doctors are required to address a long-standing shortage of physicians in rural areas and in essential but low-paying specialties. But doctors say newly recruited students would also try to work in the capital region and in high-paying fields like plastic surgery and dermatology. They say the government plan would also result in doctors performing unnecessary treatments due to increased competition.

tinian state with security guarantees for Israel,” the department said in a statement.

But the Saudis have made clear that normalization won’t happen unless it is accompanied by a clear commitment from Israel to accept an independent Palestinian state by a date certain. Netanyahu and many members of his far-right government are opposed to a Palestinian state.

In Cairo on Thursday, Blinken will see Egyptian officials as well as meet with a six-member Arab committee that includes foreign ministers of Egypt, Saudi Arabia, the United Arab Emirates, Jordan, Morocco and the Palestinian Authority, according to an Egyptian diplomat.

This group has been charged with exploring ways to revamp, reform and revitalize the Palestinian Authority for a possible governance role in Gaza once the war is over. The West Bank-based Palestinian Authority

has committed to reforms and replaced some of its top leadership.

Blinken’s discussions are also expected to touch on the cease-fire negotiations that have taken on new urgency as the humanitarian situation in Gaza has become increasingly dire.

Qatari officials, whose country is the main interlocutor with Hamas, said this week they were “cautiously optimistic” after talks with Israel’s intelligence chief in Doha. But, Qatari Foreign Ministry spokesperson Majed al-Ansari said Tuesday that an Israeli ground operation in Rafah would set back any talks.

At least 31,819 Palestinians have been killed, according to Gaza’s Health Ministry, which doesn’t differentiate between civilians and combatants in its count but says women and children make up two-thirds of the dead. A United Nations food agency warned that “famine is imminent” in northern Gaza.

SECRETARY of State for Defence of the United Kingdom Grant Shapps, left, and Australian Defence Minister Richard Marles exchange a new defense and security cooperation agreement at Parliament House at Parliament House in Canberra on Thursday, March 21, 2024. LUKAS COCH/AAP IMAGE VIA

Australia, UK sign defense and security treaty to meet ‘contemporary challenges’

By Keiran Smith The Associated Press

SYDNEY—Australia and the United Kingdom signed a new defense and security cooperation agreement with the defense ministers of both countries saying it was required to meet “contemporary challenges” to maintain a global rules-based order.

The treaty was signed by Australian Defense Minister Richard Marles and his U.K. counterpart Grant Shapps following annual bilateral ministerial defense talks at Parliament House in Canberra on Thursday, as part of the Australia-UK Ministerial (AUKMIN) meeting, which was first held in 2006.

“Australia’s relationship with the UK is dynamic and enduring,” Marles said in a written statement Thursday.

“From the UK’s leadership of support for Ukraine and efforts to address the Houthi threat, to increasing contributions in the Pacific and the IndoPacific, we continue to work closely together to support a global rulesbased order.”

“As the world becomes more complex and uncertain, we must modernize our most important partnerships,” the statement said. The treaty also includes provisions to make it easier for the respective forces to operate together in each other’s countries, such as the joint training of Ukrainian troops in the UK.

Shapps said the treaty formalizes how the two country’s will consult on issues that affect each other’s sovereignty and regional security.

“I think one of the most important elements is it describes a mechanism by which we consult when either of our countries are under threat and we have those discussions more formalized than it is at the moment,” Shapps said at a joint press conference with Marles at Parliament House in Canberra

on Thursday.

“We do already cooperate very significantly on defense matters, it should be said. So we’ll always be looking to deepen that cooperation between our countries.”

Other areas within the agreement included continued cooperation on capability development, including through the AUKUS alliance, as well as closer collaboration on undersea warfare, intelligence and military exercises.

Refreshing the bilateral defense treaty was a commitment made at the AUKMIN conference held last year in the UK, and is unlikely to have come as a surprise to others powers in the region, namely China.

Beijing has been a frequent and strong critic of defense partnerships between nations it perceives as having the aim of containing its aspirations in the South East Asian and South Pacific.

Coincidentally, Australia received the most senior Chinese leader visit in seven years earlier this week, where security and stability across the region had been high on the agenda between the respective foreign ministers.

In his opening remarks before the bilateral meeting on Tuesday, China’s Wang Yi said Australia should maintain an “independent” foreign policy and not allow ‘third parties’ to disrupt ties between the two countries.

The comments were widely regarded as a thinly veiled reference to the United States, which Beijing has often claimed is building a new military bloc, AUKUS—which also includes the UK—to contain China’s aspirations in the Asia-Pacific region.

The Australian government’s plan to develop nuclear powered submarines under the AUKUS pact also continues to be a particular sticking point for China-Australia relations, which are thawing after some recent frosty years.

the head of Kyiv City Administration. The missiles were entering Kyiv simultaneously from various directions in a first missile attack on the capital

days. AP/VADIM GHIRDA

US Secretary of State Antony Blinken meets Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Al-Saud in Jeddah, Saudi Arabia on Wednesday, March 20, 2024. EVELYN HOCKSTEIN/POOL PHOTO VIA AP

FILIPINO consumers across t he cou nt r y h ave adopted a l i festyle shi ft i n 2023 as t hey have increased t heir overall i n-home spend i ng for Fast Movi ng Consu mer Goods (FMCG), accord i ng to lead i ng data and analyt ics company Kanta r “We obser ved a lifestyle shift among Fi lipinos over the past year According to our Outlook 2024 data, more shoppers choose healthier food options such as soy milk, yogurt, cereals and oatmeal in 2023 compared to the year before. T hey also purchased more self-care items like hair styling / treatments, facial wash and nail polish for home use. Paper towels and other fabric cleaning products saw an increase in spend as well,” Laurice Obana, Kantar Shopper Insights Director at the Worldpanel Div ision, said in a press briefing on T hursday. Obana noted t h at ce r ta i n categories prev iou sly not g iven i mpo r tance s u c h as h ealt h y foods and personal and home ca r e p r od u cts also cont i n u e to expe rience recove r y. Kanta r ’s O utlook 2024 repor t of its Worldpanel Div ision covered t he FMCG purchases of 5,000 homes f rom Janu a r y 2023 to December 2023 Moreover, Kanta r pointed out t h at t hese c h anges i n FMCG purc hases across all households, w it h t hose located i n t he Nat i onal Cap ital Reg i on (NCR) reg i steri ng t he hig hest g rowt h at 21 percent. Visayas and Mindanao recorded a 13 -percent ri se, whi le t he rest of Lu zon closely followed w it h 12 percent. Howeve r, Kanta r expects Fi l ipi nos to rema i n posit ively caut ious in 2024 even as macroeconomic ind icators suc h as i nflat ion and Gross Domest ic Product (GDP) numbers improve. In 2024, Obana sa id Kanta r bel ieves t here w i ll be a cont i nuu m of t rends f rom t he prev iou s yea rs. Kanta r noted t hat f ive t rends rema i n relevant i n t he Phi l ippi ne sett i ng, and t h at bu si nesses can cont i nue to leverage eac h to ac hieve t heir g rowt h ta rgets i n t he com i ng mont h s. Obana sa id Fi l ip i no s hoppers w i ll also cont i nue to look for value for t heir h a rd-ea r ned money i n ever y purc h ase and t hey a re not l i m ited to affordable brands or smaller packs.

WMA P sa id it was inv ited to t he March 20, 2024 public hearing of the House Committee on MM Development to speak on its Hol ist ic Plan to add ress t he ongoing severe traff ic congestion problem, and HB#4363 prov id ing emergency powers to t he President to add ress t he severe traff ic problem, among ot her matters. T he hea ri ng was c h a ired by Rep. Rolando Valeri ano, 2nd D i st., C ity of Man i la. The MAP Holistic Plan calls for such a declaration, albeit a traffic crisis, and a new management task force headed by a Traffic Czar to undertake a comprehensive program consisting of short, medium and long-term measures to provide the soonest relief with administrative and management measures, and long-term sustainability through structural inter ventions, pa r t icu la rly transpor tat ion inf rastructures focused on mass public transportation, Yap said.

measures,” Yap sa id.

SBy Cai U. Ordinario @caiordinario

USTAINABLE bonds issued in t he Assoc i at ion of Sout heast Asi an Nat ions (Asean), t he People’s

Private EVs MEANWHILE, MA P sa id t he matter of private elect ric vehicles (EVs) was also d i sc u ssed i n t he hea ri ng.

Yap thinks it should be encouraged as laudable. As proposed by Bataan Rep. Albert Garcia, public buses on the Edsa busway should be “progressively” converted to electric power EVs do not pollute the air he added. But, he noted, private EVs and ot her private vehicles shou ld not be allowed to u se t he Edsa Bu sway as it i s ded icated for publ ic bu ses.

Yap sa id t his Busway is unli ke t he hig h occ upancy vehicle (HOV) lane where ot her private vehicles a re allowed. To allow EVs on t he Bu sway w i ll v iolate globally accepted standa rds and best pract ices, whic h a re i ntended to ensure its eff ic iency as a publ ic conveyance fac i l ity. He added t h at allow i ng ot her vehicles w i ll congest t he Bu sway and deg rade its eff ic iency to t he pre jud ice of commuters as t he ir commute w i ll be subjected to delay. To i ncent iv i ze private EVs, Yap c ited t he proposal of Rep. Ga rc i a, to exempt EVs f rom t he payment of road congest ion c h a rges when suc h a system of t ravel demand management, env i sioned u nder t he Neda Nat ional Transpor t Plan, i s f i nally i nst it uted on congested private ca r

lanes i n major roads, suc h as Edsa. “T he ideal t i me to i nst it ute t hi s travel-demand-reg u lat ing measure i s when t he Bu sway and t he MRT 3 h ave been privat i zed and upg raded to global standa rds of eff ic iency. Suc h a sit u at ion w i ll present an attract ive mobi l ity opt ion, ot her t han private vehicles, t hat w i ll encourage motori sts to shi ft to mass t ransit and spa re motorists f rom i nc urring road congest ion u ser c h a rge whi le helpi ng to decongest t raff ic,” MA P sa id i n its statement on T hursday. Accord i ng to MA P t he EDSA Bu sway i s a private sector advocacy i n it i ated u nder MA P and Fi nex by Mr Yap i n 2015 and i mplemented on Ju ne 1, 2020 by t he DOTr after “persi stent”personal advocacy effor t over f ive yea rs. Hence, t he Bu sway i s bei ng closely mon itored by MA P to ensure compl i ance w it h global standa rds and best pract ices. Yap sa id t h at c urrent effor ts at bui ld i ng big t icket t ranspor tat ion i nf rast ruct ure and cer ta i n t raff ic measures w i ll cont ribute to t raff ic decongest ion, but all t hese d i spa rate measures mu st be u nder a comprehensive plan, suc h as MA P ’s Hol ist ic Plan, to effect ively add ress t hi s mu lt i-decade long t raff ic congest ion problem whic h is worsening by t he yea

urr

i nanc i ng i n su sta i nable bond i ssuance, w it h 80.6 percent of su sta i nable bond i ssu ance denom i nated i n local c urrency and a si ze-weig hted average tenor of 14.7 yea rs. T hi s outper for med t he correspond i ng nu mbers of 74. 3 percent and 6.2 yea rs i n Asean+3 and compa res w it h 88.9 percent and 8.8 yea rs i n t he euro a rea. In t he Phi l ippi nes, local c urrency (LCY) gover nment bond y ields rose for nea rly all tenors between December 1, 2023 and Febru a r y 29, 2024 as t he Bangko Sent ral ng Pi l ipi nas ma i nta i ned its pol icy rate nea r a 17-yea r hig h ADB added t h at t he i nc rease i n y ields was also i nfluenced by t he gover nment’s reta i l bond offeri ng duri ng 13–23 Febru a r y am id upwa r

sh a re of local

f i nanc i ng and long-ter m

FR. ORBOS

among t hose present.

Fr Jerr y M. O rbos, SVD, i s a respected member of t he Soc iety of t he D iv i ne Word (SVD), bor n i n San Ca rlos C ity, Pangasi nan. He was orda i ned a priest on October 25, 1980. He i s known for hi s i nspiri ng messages, sh a red t hroug

Editor: Jennifer A. Ng

Geothermal portfolio buoys 2023 earnings of First Gen

By Lenie Lectura @llectura

FIRST Gen Corp. saw a 4-percent increase in earnings last year, mainly due to the strong performance of its geothermal portfolio.

On Thursday, the Lopez-led firm reported $277 million in attributable recurring net income for 2023, up from $265 million in 2022.

First Gen President Francis Giles Puno said 2023 was a positive year for the company as Energy Development Corp. (EDC) achieved its highest earnings to date, while FGEN LNG started to commission. The company was declared the highest bidder for the 165 MW Casecnan Hydroelectric Power Plant (Casecnan). It also benefited from higher interest income due to high yields from its internally generated cash.

FGen revenues stood at $2.475 billion last year, down by 7 percent from $2.66 billion. The decline was mostly attributable to lower fuel revenues. The company said there was a drop in natural gas and liquid fuel prices globally. This was also accompanied by lower electricity output sold by the natural gas platform.

The natural gas portfolio accounted for 65 percent of First Gen’s total consolidated revenues, while 32 percent came from EDC’s geothermal, wind, and solar plants. The balance comes from hydro plants and First Gen Energy Solutions, its

retail electricity supplier.

The natural gas platform reported a 5-percent drop in recurring earnings for 2023 to $184 million from $190 million in 2022. The 420 MW San Gabriel Power Plant, as well as the 97 MW Avion Power Plant, enjoyed higher recurring earnings due to the full availability of both plants for the year coupled with lower fuel costs.

Both the 1,000 MW Santa Rita and 500 MW San Lorenzo Power Plants recorded lower recurring earnings mostly due to the incurrence of elevated interest expenses.

EDC’s recurring earnings at $119 million for 2023 was 24 percent higher than the previous year’s $96 million. Its geothermal portfolio delivered record earnings from its high operating income owing to an improvement in electricity prices.

The 150 MW Burgos Wind Project likewise continued to benefit from an improved wind regime in 2023.

The hydro platform’s contri-

bution to First Gen’s recurring earnings was at $4 million for 2023, a 23-percent decline from its 2022 recurring income of $5 million (P267 million).

The Pantabangan-Masiway power plants had a reduction in the volume of electricity sold due to the transfer of its power supply contract to EDC last August 2022, as well as low water reservoir levels.

The decline in electricity sold was mostly offset by an increase in Wholesale Electricity Spot Market volumes sold and lower purchases of replacement power.

“This year, these developments should translate to additions to First Gen’s earnings as the LNG Terminal reaches commercial operations and the effectivity of the Terminal Lease Agreement with Gas Aggregator Philippines Inc. happens. Casecnan will likewise be a positive addition to the bottom line from day one of its turnover,” Puno said.

First Gen has 3,668MW of installed capacity in its portfolio, which approximately accounts for 19 percent of the country’s gross generation.

See “Geothermal,” B

BPI unloads GoTyme Bank shares

AYALALED Bank of the Philippine Islands (BPI) has sold back to the Gokongwei Group the lender’s minority stake in GoTyme Bank Corp. for P902.47 million.

“The sale is intended to address any potential conflict of interest created by the significant overlap in and similarity of product offerings of GoTyme Bank and BPI,” the lender said.

BPI said it will sell 744.00 million in common shares in GoTyme Bank to GoTyme Financial Pte. Ltd. and 7.95 million shares to Giga Investment Holdings Pte. Ltd. at P1.20 per share, subject to approval by the Bangko Sentral ng Pilipinas (BSP).

The parties determined the selling price based on negotiations, it said.

The said shares were about 15 percent of the outstanding capital stock of GoTyme Bank.

The Go Tyme shares were acquired by BPI pursuant to the merger between BPI and Robinsons Bank Corp., with BPI as the surviving bank.

“After the sale, BPI will have no shareholdings in GoTyme Bank,” BPI said.

GoTyme Bank is a joint venture of Tyme Investments Pte. Ltd. with members of the JG Summit Group and Robinsons Retail Holdings Inc. and is one of the six banks with a digital banking license.

GoTyme Bank earlier said it is confident of reaching its target of having 5 million depositors by the end of the year as it is planning to offer more services to its customers.

Albert Tinio, the bank’s coCEO said, the company is bullish on the economy as it is on track to hit its target number of depositors. In January, it reached 2.3 million depositors, some 14 months since it started operations in the country.

“Around December last year, our sister bank Tyme, became profitable. We said we can also do that; we’re very much on track to do that [to be profitable].”

Tinio said they still have commitments with the BSP,

Nlex gears up for Holy Week traffic surge

JFC appoints former Starbucks exec to lead Smashburger

By VG Cabuag @villygc

JOLLIBEE Foods Corp. (JFC)

has appointed former Starbucks executive Denise Nelsen as CEO of Smashburger.

Nelsen brings with her more than 30 years of food and beverage industry experience, 25 years of which were at Starbucks.

“With her extensive experience and proven leadership in the food and beverage industry, she is set to propel the Smashburger brand into a new era of growth. Her appointment signifies the Jollibee Group’s commitment to excellence and diversity, and with all her capabilities and energy, we are confident that she will drive success for Smashburger,” JFC President and CEO Ernesto Tanmantiong said.

Smashburger is one of Jollibee’s four global brands in its portfolio, serving as the company’s flagship brand for the burger category, mainly in the United States. With her appointment, Nelsen becomes the first female CEO of the brand, which embodies the Jollibee’s strong belief in women as excellent leaders, the company said.

It said 52 percent of the company’s key roles were being held by women.

“This conviction is further exemplified by the company being cited in the World’s Top FemaleFriendly Companies by Forbes.”

As of end-2023, Smashburger has presence in eight countries

with a store network of 236 locations, 210 of which are in the US. The brand will continue expanding in new locations as part of its strategic growth plans, the company said.

Prior to joining Smashburger, Nelsen served as the senior vice president of US operations at Starbucks, most recently leading the brand’s US business for nearly five years, and before that holding various operations and support roles within the company for over two decades.

Within Smashburger, she will cultivate and lead teams, integrate streamlined business processes, and aim to deliver “an impactful influence” on all Smashburger’s employees, locations, and the communities they serve.

“I’m excited and energized to officially step into the position of chief executive officer at Smashburger. With an unmatched dedication to guest satisfaction, Smashburger has consistently set the standard across the fast-casual industry and I’m looking forward to working with the executive team to continue the brand’s legacy,” Nelsen said.

“As we embark on various new brand ventures in 2024, I’m eager to support our continuous efforts to stay at the forefront of taste innovation in the industry, while collaborating with our international expansion teams to bring the joys of Smashburger to more guests worldwide.”

vehicles are expected to encounter high traffic volumes from 4 p.m. to 11 p.m. on March 30, and again from 2 p.m. on March 31 to 8 a.m. on April 1.

To effectively manage the increased traffic, Nlex will deploy additional personnel and resources in high-volume areas along its expressways, including rest and refuel stations. Incident response teams, tow trucks, and fire trucks will be strategically stationed for prompt deployment in case of emergencies. Road works and lane closures will also be suspended, except for essential safety repairs. Nlex has expedited the safety repair of the Canumay Overpass to ensure all lanes are available for motorists during Holy Week. Free towing services will also be provided for class 1 vehicles during specified periods.

congestion and improve the overall flow of vehicles during peak hours.

“We are hoping that these decongestion projects, alongside with other measures, will contribute to a more manageable traffic flow this Holy Week,” Bautista said.

Bautista also highlighted decongestion projects in key areas, such as Meycauayan Northbound and the SCTEX ramp in Mabalacat, Pampanga. These projects aim to alleviate traffic

“As we expect a huge number of vehicles, we appeal to the public for extra patience, cooperation, and discipline. For our part, Nlex will maximize its assets to ensure managed traffic flow, but for a hassle-free travel, make sure that you are in good fit before you drive, observe proper distancing and follow traffic regulations. Also, have your cars and RFID checked ahead of your trip.”

How to sleep better? Retail giant uncovers ways to create optimal space for quality zzzs

IF there’s one commodity everyone wants more of in this era of hustling hard, it’s sleep. The ultimate rejuvenator, sleep is a natural reset button for mind and body. Aside from sidestepping the or long hours of sleep-disrupting blue light from our screens, retail giant Shangri-La Plaza points to paying better attention to the space we use for it.

Sleep is so important to people that there’s a day dedicated to it. And in honor of World Sleep Day (March 15), Shangri-La Plaza shares some doable tweaks that can work wonders in transforming the bedroom into a cozy space for catching those quality zzzs. Set the stage for a good night’s rest. If sleeping is a type of performance, then the stage would be composed of this sacred trio: the bed frame, the mattress, and the pillows and sheets.

Upholstered bedframes are becoming a popular padded headboards. Find the ‘one’ for you at Italian contemporary furniture brand Natuzzi Italia. Their masonry with customizable leather and fabric to suit your personal aesthetic.

Mattresses and pillows, on the other hand, all boil down to individual comfort. Shang advises to consider isolation when making your selection. Dunlopillo has the drying and cooling-down technology. Luxeroom and Sealy have a great range of spinal Nano Gel Pillow made from hypoallergenic materials, and Slumberland Furniture carries memory foam and hybrid choices that conform to the unique contours of your body. Tempur’s mattress and pillow Foundation—that’s some serious sleep technology.

Pro tip: According to the Better Sleep Council, while most experts recommend that pillows be replaced every 1-2 years.

Ever wondered why staying in top-rated hotels and durable 100 percent cotton sheets. Recreate

linens known as the go-to of the best hotels in the world—including Shangri-La hotels and resorts in the Philippines. The awesome news is that it’s now available at Shang’s Super Salone showroom. Sheridan also carries the 800 thread count Indian silk

It’s good to embrace the dark side. Light exposure controls your circadian rhythm, AKA your light sources as much as possible when going to sleep. Blackout curtains are a great way to ensure no penetrate your windows. As a plus, less light means Department Store for extensive and chic choices.

Scents can help. Certain fragrances like lavender and chamomile are essential for creating

Unique coffee breaks to busy individuals

FOR most urbanites, nothing kickstarts a productive day faster than caffeine. It stimulates dopamine, a chemical in the brain that is responsible for pleasure, motivation and learning. It is no fluke, then, that students and professionals flock to cafés for a quick energy boost, especially during midday slumps or on all-nighters when staying awake and alert is a must.

This is why the Villar Group of Cos. further capitalized on Manila’s caffeine culture with the official launch of Coffee Project Co-Lab. Their latest coffee venture was launched on January 29, with Manny Villar, Villar Group chairman, as well as Camille Villar, AllValue Group president and chief executive officer, presiding over the ribbon-cutting ceremony. Located at Vista Taft, a condominium

a sleep-friendly environment, as they promote relaxation and reduce anxiety. Explore the comforting world of aromatherapy with scented candles, reed and Scented Oils from Univers at the Shang have cult faves and a wide selection. Another thing to help calm the senses that light sleepers recommend are sounds of nature like rain or ocean waves, so try putting some on your playlist.

Be inspired and transform your space into the dreamiest haven for every night. With well-curated selections and services, Shangri-La Plaza’s home place that let you live life inspired.

More information is available at www.facebook.com/

development along Taft Avenue, Co-Lab was envisioned to be a haven for all manner of coffee enthusiasts that could use a safe and cozy space conducive to both productivity and leisure.

Co-Lab draws in students from nearby schools and universities, as well as corporate denizens in the vicinity. Co-Lab looks to draw these students in and give them a warm cup of Joe to accompany them as they take on their schoolwork. With this market in mind, Co-Lab is primed to serve as an ideal study hub for students seeking a conducive environment for learning.

But what makes Co-Lab truly unique are its niche rooms that are designed to function both as coworking and event spaces. For instance, The Quiet Room provides a distraction-free setting for

individuals doing focused work or serious studies.

Conversely, the podcast area is tailored specifically for enthusiasts, featuring essential recording equipment and a conducive environment to enhance audio or video sessions.

“Co-Lab’s exceptional features make for a novel customer experience,” says Margarita D. Romero, Vista Land division head. “Through Coffee Project Co-Lab in Vista Taft, we affirm our steadfast commitment to creating innovative spaces that serve our customers’ evolving needs. We now invite Manila’s café society to come and get their caffeine here where they can also work, play, relax, and decompress.”

More information is available at tinyurl. com/nxm4m6ch.

DAY: Reese Witherspoon, 48; Elvis Stojko, 52; Bob Costas, 72; William Shatner, 93.

It’s up to you to make the right choice, be selective and put your energy where it counts. How you navigate life will determine what you get in return. You don’t need an audience in order to reach your goal. Take the initiative and point yourself in a meaningful direction; everything else will fall into place. Seize the moment. Your numbers are 5, 13, 20, 29, 34, 36, 43.

Ask questions and discover what others expect of you before setting your sights on a specific goal. Allow yourself to take advantage of changes that develop along the way. Don’t let outside influences stifle your plans. It’s up to you to make things happen.

Hidden matters will surface if you reveal too much about your beliefs and connections. Make sure to complete all institutional and bureaucratic issues. Taking care of business first will make your life easier. Your secret weapon is your uniqueness; let it shine.

Copycats will take over if you reveal secrets. High energy and hands-on effort will ensure that no one gets in your way or outshines you. Protect yourself from taking unnecessary risks. Keep your thoughts and plans to yourself, and do your own thing.

Don’t stop to rest or to explain your course of action. Learn as you go, take advantage of what’s available and use your talents to separate yourself from the competition. A surge of self-discipline will help you reach your goal. Romance is on the rise.

Let things settle before you move on. Time is on your side, and your mind is alert and ready for action when the right moment occurs. Consider costs, outcomes and opportunities. The possibilities are endless if you wait for the right moment.

Mixed emotions will cost you. Embrace change, and opportunities will rise to the surface, giving you choices above and beyond your expectations. Don’t hesitate to engage in what brings you joy.

Get the facts no matter how difficult. Nudging will encourage someone to offer insight, allowing you to decide your next move when necessary. Don’t let anyone pressure you regarding a financial, legal or medical decision.

Let life unfold naturally. An open mind, ingenuity and a creative outlook will help you masterfully put into play the changes you want to make at home or in meaningful relationships. Self-improvement projects will turn out better than anticipated.

Keep moving, asking questions and observing what everyone around you is doing. Keeping up with what’s unfolding will help you avoid getting caught in someone else’s drama. Stay grounded, look for alternatives and follow the path most in touch with your needs and pursuits.

Follow the money. Emotional spending will leave you short on cash when you need it most. An offer too good to turn down is within reach. Be smart, tuned in and ready to take advantage of whatever comes your way. Don’t reveal your thoughts.

Set your course and keep sight of your goal, regardless of the changes others make. Follow your leads and do your research, and you’ll have the know-how and confidence to forge ahead without doubt or confusion.

Channel your energy into personal gain, feeling good and looking your best. You don’t have to display how you feel or what you do; subtle changes will be enough to let others know you are on top of your game and ready for action.

You are endearing, original and changeable. You are sensitive and inspiring.

Solution to today’s

GLOBAL leading smartphone brand OPPO has officially announced the appointment of BSS (Seventeen) members— Seungkwan, DK and Hoshi—as the latest OPPO Reno Experts for OPPO’s APAC markets, marking the beginning of a new era of synergy between an industry leading smartphone brand and the dynamic South Korean artists known for their exuberant energy. This strategic partnership emphasises OPPO’s dedication to fostering global connections while delivering on its promise of accessible innovation.

BSS (Seventeen), the subunit of the renowned K-pop icon Seventeen, has risen to fame with the popularity of their hit songs “Just Do It,” “Fighting [feat. Lee Young Ji]” and “7 PM [feat. Peder Elias].” Fueled by the tracks’ overwhelming popularity, the band recently won the Performance of the Year Award at the 2023 Asia Artist Awards, and the Best Digital Song at the 38th Golden Disc Awards. The three members’ embodiment of youthful energy and a genuine love for selfexpression perfectly represents the key features of OPPO’s latest smartphone, reflecting the dynamic qualities that set the OPPO Reno11 F 5G apart in the market.

Andy Shi, APAC president of OPPO, said, “The OPPO Reno series prides itself on being the portrait expert and we are thrilled to partner with BSS. It is not just about the innovation of the Reno series but more about providing a tool for genuine, joyous expression. We invite fans of OPPO and BSS alike to join us on this portrait photography journey to seize the opportunity and showcase their creativity.”

As part of the collaboration, the BSS members have been featured in a creative video where they could be seen capturing memories on the all-new portrait expert OPPO Reno11 F 5G and using key features including Smart Image Matting and AI Portrait Retouching to express their truest selves. To watch the full video, visit tinyurl.com/yc4ut67y. OPPO’s latest addition to its Reno lineup, the OPPO Reno11 F 5G is now available in the Philippines. With vibrant, eye-catching style, a 64MP Ultra-Clear Triple Camera and a 120Hz AMOLED Borderless display, Reno11F 5G is a winning combination of fresh looks and smart experiences.

A newspaper says video of Prince William and Kate should halt royal rumor mill. That’s a tall order

When the lights are out: Regional movies in my mind

BRITAIN’S Kate, Princess of Wales apologized on March 11, 2024 for “confusion” caused by her editing of a family photo released by the palace—an image of the British royal and her children that was intended to calm concern and speculation about the princess’s health, but had the opposite effect.

DLSU is the top Philippine university in Business, Computer Science, Mathematics, and Psychology.

The University is also the country’s leading private university in Biology, Chemistry, Economics, Engineering, Environmental science, Liberal Arts and Sciences, and Physics.

La Salle also leads in the rankings of the various subfields of the abovementioned areas such as Linguistics, Law, Philosophy, Industrial Engineering, Biochemical Engineering, Systems Engineering, Computer Engineering, Biotechnology, Information Technology, Data Science, Software Engineering, Clinical Psychology, Education Majors, Child Psychology, Supply Chain Management, Operations Research, Marketing, and Management, among others.

The rankings’ indicators consist of the HEI’s research performance, non-academic prominence, and alumni score.

NUSTAR hatches plans for family-friendly Easter festivities

starting at P15,000, with complimentary buffet breakfast for two at Fili Café, plus two complimentary Easter Tea Party tickets, and a 10 percent discount for additional tickets to the party.

Book until April 1, 2024 and stay from March 24 to April 1, 2024.

Reserve through https://bit.ly/FiliHotelCebuBooking, via email at reservations.fili@nustar. com.ph, or through NUSTAR’s trunkline at (032) 888 8282.

Sip into Spring

HOP into Wonderland with Fili Lobby Lounge’s Hoppy Float, a frothy fusion of Coke, white chocolate sauce, whipped cream, and marshmallow.

Tea Time Treasure

THE Mad Hatter’s Easter Tea Party spread includes this delightful carrot cheesecake, which is both rich

and comforting. Grab a slice or a whole cake, available until March 31, 2024 at the Fili Lobby Lounge.

Sweet Spring Surprises

SWEETEN the celebration with these Easterthemed chocolate sculptures, handcrafted to satisfy every sweet tooth. Baskets filled with chocolate eggs, as well as giant chocolate eggs and bunnies are available until March 31, 2024 at the Fili Lobby Lounge.

Art Eggs-plosion

KIDS and kids at heart can unleash their inner artist and bring out their palette of pastels to make eggciting art. Eggs, coloring materials, placemats, and aprons will be provided. Catch this daily activity until March 31, 2024, from 8 am to 10 am.

Easter Bounty

FEAST on an array of exquisite dishes at Fili Café’s Brunch Affair every Sunday, or at its lunch buffet.

For the month of March, guests can enjoy a 25 percent discount on Sunday brunch and on the regular lunch buffet, except on Easter Sunday, March 31.

Hippity Hop at The Mall

ADD a touch of magic to the celebrations with The Mall’s Easter promo, open customers who can present to The Mall Concierge a minimum P3,000 single receipt or P5,000 accumulated receipts from the following participating outlets in NUSTAR: Abaca Baking Company, Il Primo, Barcino, Good Luck Hot Pot, Kazuwa Prime, Fina, Café Laguna, Koshima by Nonki, Peri-peri Charcoal Chicken and Sauce Bar, Starbucks, Taiwan Sha-bu Sha-bu, Tom N Toms, Yeonwha The Premium by Kaya, and Food Hall outlets.

This allows customers to pick an egg from a hat and get a chance to win tickets for two to The Mad Hatter’s Easter Tea Party on March 31, gift certificates from mall tenants, movie passes, or chocolates.

Promo period is until March 30, 2024.

Easter Thrills

REAP Easter rewards and catch all the action at NUSTAR’s Legends at Play: Quarterly Baccarat Tournament Championship which will run from March 30 to 31, 2024 at the Mass Gaming Area.

Patrons must earn 300 Rewards Points to qualify. VIP Elite members are entitled to one entry to the qualifying round. Participants can play for their share of P1.7 million worth of gaming credits.

Easter Playtime

NUSTAR Max, the official online gaming platform of NUSTAR with over 30 sports games to choose from, offers an easy and hassle-free 24/7 gaming experience and customer support. Patrons can also look forward to live table games and e-games in the second quarter of 2024.

To sign up, visit its website at www.nustaronline.ph. For reservations and inquiries, call NUSTAR at (032) 888 8282 or visit www.nustar.ph/portfolio/the-mad-hatters-easter-tea-party/. Stay updated by following NUSTAR Cebu on Facebook and Instagram.

Garden and Seasonal Offerings at Hotel Okura Manila

Texperience a luxurious

filled

tive cheer and exclusive offerings. Until March 25, 2024, guests can book an enchanting stay that promises to be unforgettable.

Avail of Exclusive Room Packages:

Deluxe Room: P20,500.00 net Hinoki-Yu Room: P22,500.00 net Palace Suite P24,500.00 net

Each package includes a special welcome amenity, daily breakfast for two adults and two children below 12 years old at Yawaragi, complimentary Wi-Fi, access to the fitness center, and use of the outdoor swimming pool. Additionally, guests will enjoy an exclusive Easter Lunch Buffet on March 31, for a perfect family celebration.

Easter Garden Extravaganza:Step into the Easter Garden at Hotel Okura Manila and let the magic of the season take you on a journey. Our Easter buffet at Yawaragi restaurant features a sumptuous spread of our signature Japanese dishes and international cuisines.

For our little guests, the Easter Garden is a wonderland of joy with activities that spark creativity and laughter. Fromcupcake makingtoface painting, and anEaster painting kit, there’s something to keep every child entertained. And for that extra touch of wonder, live entertainers including amagician/ clown, andface painterwill be present to ensure a day of fun and excitement.

Seasonal Highlights:Hotel Okura Manila’s

seasonal highlights offer a culinary journey with our Easter Teppan Menu by Chef Katsuji Kato at Yamazato which features this month’s seasonal ingredient highlights, the Hida Beef and Sakuradai (Cherry Bream). An array of Easter-themed sweets and pastries is also available at Yawaragi Pastry Boutique. Indulge in the flavors of spring with our specially crafted menus and delightful treats available until March 31, 2024.

Savor the Flavors of Spring:As the season of renewal blooms, Hotel Okura Manila presents a delectable array of meat-free lunch teishoku sets at Yawaragi.Reflecting the solemnity of Lent, these carefully curated sets feature dishes such asBlue Marlin in Calamansi Butter Sauce,Soft Shell Crab with Ginataang Sitaw at Kalabasa, andHalabos na Sugpo, starting at P1,500++1. Available from March 26-29, these sets are a testament to the hotel’s commitment to culinary excellence and respect for tradition.

2+1 Offerings:In the spirit of sharing and togetherness, Hotel Okura Manila is also delighted to present a special 2+1 offering for all One Harmony members. Guests can enjoy a complimentary meal or service with the purchase of two, allowing them to experience more of what the hotel has to offer. This exclusive promotion is a wonderful opportunity for families and friends to create lasting memories while enjoying the hotel’s luxurious amenities. Join us at Hotel Okura Manila for an Easter celebration that combines luxury, tradition, and a sprinkle of Easter magic. Book your stay and be part of the festivities that await this spring season.

Cattle farming can boost your profit, investment

CATTLE farming is one of the vital parts of the agriculture sector for its contribution to the economy and food security. But for Hoover Feeds ruminant feeds customer Monching Tan of RJM Farms, cattle farming is also one of the most profitable businesses in the country and he would recommend it to anyone looking for a business with high investment return and potential growth.

A resident farmer in Zambales, Monching Tan started early in sales. But his late wife encouraged him to try raising cattle. “We thought of starting our own cattle farming business by starting with only two cows until it starts to grow.” Currently, they own 15 hectares of farmland and manages the business with his three children. “In my experience, going into cattle farming is a good business if you have the funds. The returns are good so long as you know how to invest. There is no low or peak season with cows. Once they have grown, they can be slaughtered or sold,” he added.

Being a tropical country, Brahmans are a major breed that is well-suited in the Philippines because of their tolerance for high temperatures and disease resistance. These breeds are also primarily used for meat production.

2 Feed. Cattle are primarily grass-fed and thrive on pasturelands. Unfortunately, natural pasture is often low, particularly during summer months.

For Tan, discovering Hoover Feeds is not only a more affordable feed brand but also observed that his cattle achieved an ideal amount of weight in a shorter period. “We tried three brands of feeds and Hoover has the best results. The cows look really good and they are sold very easily.”

3 Health care. Cattle health should always be a priority. Vaccinations, regular checkups for tuberculosis, and any signs of distress should be consulted with a veterinarian. Learning how to inject vitamins and deworming is not to be overlooked, as these are essential health maintenance of cattle.

4 Breeding. The right match for a bull is another important consideration from age, size, and breeding cycles. Interbreeding with family members will only produce unhealthy offspring due to compromised genetic integrity, which is why this should be avoided by any cattle breeder.

Another versatile variety ideal in the country is the Brangus.As the name implies, it’s a cross between Angus and Brahman cattle feeds. Aside from its good quality meat, it’s known to be an outstanding mother cow that thrives in hot, humid regions.

Indubrazil is another best-seller for its ability to resist heat and insects. Despite their large size, they’re also easy to handle.

Lastly, wagyu’s highly marbled meat makes for an unrivaled eating experience and is in demand for its tastiness and pleasantly firm texture. It caters to high-end restaurants to offer to customers who value exquisite beef quality.

Whether a cattle raiser for many years or a beginner in the field, Tan, who now owns 70 cow heads with a combined 15 years of farming experience,said these five key points will help to ensure productivity and high profitability for anyone who looks into investing a cattle farming business: 1 Shelter. An adequate shelter from extreme weather conditions such as heat and harsh rain is important. A structure that can protect them from environmental threats is a great place to start.

5 Handling and time management. Raising cattle requires serious attention, time management, knowledge, and passion. Attend seminars that will add knowledge on cattle farming. Being connected with like-minded farmers whether personally or online will strengthen your knowledge of how to grow the business.

Hoover Feeds ruminant feeds are formulated to enhance cattle, goat, and carabao’s nutritional needs. It possesses a complete balance of protein, vitamins, minerals, and fiber. Comes in a pellet form, which makes the animal better able to consume the feed more efficiently and guaranteed to keep all nutrients intact. Pelleting is also more cost-efficient in the long run if looking for a feed that can be stored for a longer period. Other advantages include ease of handling, decreased feed wastage, and less subject to infestations by insects and molds.

Hoover Feeds is also a FIlipino-owned company with over 23 years of product excellence. Other products include hogs, poultry, ruminants, and rabbit feeds, expertly crafted by nutritionists.

Hoover Feeds is located at Brgy. Caphihan, Balubaran, San Rafael, Bulacan. For more information, follow Hoover Feeds Facebook, Hoover Feeds Instagram, and Hoover Feeds TikTok pages. Order at 09228023784,(044)8931069, or hooverfeedscorporation@gmail.com.

FROM left: Hinoki-Yu room and Easter-themed chocolate pralines from the Yawaragi Pastry Boutique Easter

PCCI,

(from left) Ma. Joanna Paula Pascual of SDG committee, Anton Sayo of TVET (technical and vocational education and training) committee, Socorro Bautista, of

committee,

ora Lacuna of

(corporate

LEXUS Philippines recently rolled out the newest addition to its lineup—the all-new LBX luxury subcompact crossover.

T he lu xur y car maker claims that the latest model is set to be a game changer, embody ing all the brand’s values of authenticity, refinement, Omotenas hi , and engag i ng and i mag i nat ive tec h nology. It offers strong appeal to a younger audience, first-time Lexus owners, and those seek ing a second vehicle. Using a three-letter name is significant— prev iously, only the LFA supercar has enjoyed that distinction. T he choice of the name LBX demonstrates Lexus’ commitment to and trust in its new model.

Tazuna concept and Omotenashi approach

Resolute look and deconstructed T he LBX is t he f irst Lex us bui lt on t he GA-B compact ca r global platfor m, f undamentally rev ised to help produce t he Lex us Driv ing Signat ure. Currently, as t he smallest in t he Lex us roster of vehicles, t he LBX is 4,190 mm long, 1,825 mm w ide, and 1,560 mm high Aside f rom its 2,580-mm wheelbase, t he t i g ht, 5.2-meter t ur ning rad ius is ideal for urban d riv ing. But t he most signif icant aspect of t he design is a new f rontal a rrangement t hat “breaks” t he spindle g ri lle—a design hallma rk for t he past decade – lead ing Lex us into a new era. T he grille has been unified in a single trapezoid shape, positioned below a narrow aperture that runs beneath the bonnet’s leading edge, link ing the slim headlight units and emphasized by a one-piece chrome molding. T he seamless, frameless grille generates the lines of the LBX ’s spindle body, contributing to the car’s strong, dynamic stance and aerodynamic efficiency. T he newly designed headlights are single-projector bi-beam LEDs w ith an Automatic High-beam System (AHS). It creates a solid v isual signature w ith integrated daytime running lights and turns indicators as bi-functional units, resulting in the distinctive Lshape facing outward. Front pi llars have been pu lled back, mak ing the cabin appear compact and t he bonnet longer T he flared w ings complement and accentuate the large 18-inch wheels and tires. T here are also short overhangs and a bold tightening of the area around the rear doors. T he rea r styl i ng i nspired t he Kagami-Mochi rice cakes, a traditional Japanese relig ious offering at New Year T his balance of shapes is reflected immediately in the car’s compact cabin positioned above a power ful underbody. Other details include a subtly patter ned film coveri ng t he rea r pi lla rs’ f ront /rea r aero parts w ith silver accents. Also, the license plate section has been moved down to the bumper to make the brand emblem more prominent, along w ith the latest evolution of the Lexus signature L-shaped light bar

INTERIOR-WISE, Lexus designers sought to create a simple and refined interior that makes a higher segment model feel and atmosphere, highlighting key elements of good v isibility, uncluttered / smooth instrument panels, and the sense of vast interior space. Expressing the Lexus Omotenashi approach design details are lighting, climate control, seat adjustment, multimedia system response, and the E-latch electronic door release system. Lexus’ e-Latch system prov ides int uit ive, smoot h, and easy door opening and locking /unlocking w ith no mechanical noise. T he e-Latch is linked to the Safe Exit Assist system, which deactivates the interior door opening sw itch if there is a risk of contact w ith vehicles approaching from the rear (further details in the safety chapter below). T he LBX also features new Tsuyusami charcoal-effect trim inlays, created using a new film technique that uses multiple layers to g ive a highly textured appearance w ith a sense of depth On the other hand, t he interior ambient l ight ing design adds to the Omotenashi effect w ith 50 different color options in 14 groups across Healing, Relaxing, A rousing, Focusing, and Exhilarated themes. T he driver’s cockpit is an interpretation of Lexus’ Tazuna concept. It positions principal controls and infor mat ion sources immed i ately around the driver, requiring minimal hand or eye movements. W hile the low hip-point seating orientation prov ides a sedan-like driv ing position, the designs focus on preser v ing a stable posture and minimizing head movement. The three-spoke steering wheel has been brought closer to the driver and set at a more upright angle. T he electronic-controlled front seats have deep-hung cushion construction, an enlarged contact area, and a flatter seatback that holds the body snugly while keeping the chest upright. T he prom i nent center console has a rig id structure w ith a large tilted display, upholstered side pads for knee support, a tactile/padded center ar mrest, and a lower storage box w ith a 12-volt accessor y socket and C-type USB port. T he LBX has si x speakers, four 9-cm mid-range speake rs, plu s an 18-cm woofer (front doors), delivering a full-bodied

batter y output to del iver a sha r p response at sta r t-off and a feel ing of cont inuous accelerat ion. T he system also assists in accelerat ion and decelerat ion force when d riv ing on incl ines, detects when t he ca r beg ins to t ravel down hi ll, and automat ically implements decelerat ion cont rol, even when t he d river comes off t he brake pedal. Safety and driver assistance A PART from the substantial body structure, the LBX is equipped as standard w ith the comprehensive safety and driver assistance prov isions of the latest generation of Lexus Safety System + It equips the car with multiple systems to detect accident risks, alert the driver, and automatically prov ide steering, brak ing, and drive force control if required to help avoid or lessen the consequences of a collision. T he LBX also comes w ith a blind spot monitor w ith a safe exit assist, eight SRS airbags, intelligent clearance sonar w ith vehicle and pedestrian detection (Front: 4 + Rear: 4), as well as a back g uide monitor Other driver-assist functions are Pre-Collision System (PCS), Dynam

By Jun Lomibao

LEditor: Jun Lomibao

Sizzling 65 puts Go eight strokes up entering final round

LOYD GO took a huge styep on moving day at the ICTSI Palos Verdes Championship on Thursday in Davao.

Birdies in the first three holes set the tone and Go carded a third-round 65 for an eight-stroke lead over Nilo Salahog, Sean Ramos and Angelo Que.

“The course is scoreable if you find the fairways, and that’s most important thing for me here,” said Go, who is at 14-under 202 through 54 holes of the second leg of this year’s Philippine Golf Tour sponsored by ICTSI.

Salahog matched the course record eight-under 64 highlighted by an eagle for a 210 total. Ramos hit three birdies in the last seven holes to save a 70, while Que came up with a 71.

Ira Alido survived a roller-coaster round and finished with a 72 as he slipped to fifth at 211 followed by Keanu Jahns (71-212), Reymon Jaraula (72-213), Michael Bibat (73-214), and Guido van der Valk (71-215). Go maintains a cautious approach as he goes for the top prize of P350,000 in the P2 million event.

“I don’t have any specific target score, just taking it hole-by-hole. If I execute a good tee shot, I can be aggressive with my approach shots, but if not, I’ll focus on saving pars,” said Go, describing his strategy.

He made eagle on the par-5 No. 8, where he split the fairway with his drive and followed up with a 9-iron shot from 150 yards to 20 feet off the cup, then drained the putt.

Despite a missed green bogey

on the next, he birdied the 10th, conceded another shot on the 11th but birdied Nos. 15 and 17 to maintain a significant lead over the stellar field.

“So far, it’s been pretty good, including my putting. Hopefully, everything goes well,” said the former national team standout, inching closer to ending a six-year quest for a breakthrough in the professional ranks.

Two shots behind Go after 36 holes, Que and Alido had hoped to narrow Go’s lead in the pivotal round but both failed to match his explosive start.

Constantino rises from five down, bags seventh pro title

HARMIE CONSTANTINO fought back from five strokes down with a brilliant frontside 33 then held sway to finish with a 69 and win the ICTSI Palos Verdes Championship by three as her rivals faltered one after the other in a tense battle of skill and character on Thursday in Davao.

The victory was Constantino’s sev enth as a professional.

“I’d say one of the sweetest but not the top,” said Constantino, who moved to the top on the front nine and secured victory with nine pars for a 54-hole total of 217.

In contrast, two-day leader Lois Kaye Go struggled to recover from a shaky start, missing par chances. She ended up with a 78 for joint fourth at 221 with Florence Bisera and Laurea Duque, who

By Josef T. Ramos

LAon Friday.

What makes the selection by the FIVB most significant is that the Philippines will be a solo host of the now biennial world championship— meaning 32 countries and close to half-a-thousand athletes and officials will mesmerize the Philippine sports community with 16 days of highintensity volleyball.

The FIVB—Féderation Internationale de Volleyball— expressed pride and confidence that the Philippines would emerge as an excellent host.

“Today, you will write history again!

For the first time ever, the Philippines will host the prestigious FIVB Volleyball Men’s World Championship in 2025!” FIVB president Ari Graça said in awarding the hosting rights to the Philippines at half past noon Wednesday at the FIVB castle fronting Lake Geneva here.

“In an open bidding process, you have overcome many strong bidders to win this race,” Graça said. “And I am sure you will extend your warm hospitality to all 32 participating men’s teams and the many thousands of international fans who will come to your country in 2025.”

He added: “All of this would not be possible without the hard work of the National Federation and the strong support of the government.”

The FIVB MWCH is scheduled September 12 to 28, 2025, with the draw set exactly before the first serve on September 12 this year in Manila.

Senator Pia Cayetano led a 14-member Philippine bid team captained by Philippine National Volleyball Federation (PNVF) president Ramon “Tats” Suzara and supported by Philippine Ambassador to Switzerland Bernard Faustino La Madrid Dy with Department of Tourism Secretary Christina Frasco sending a message of full support to the hosting which the Philippines won over 31 other countries.

ggg hosting model, to welcome 32 of the

the

PHL solo host of FIVB men’s worlds in 2025

“I am ready to accept the responsibility and the privilege for the Philippines to host the Men’s World Championship in 2025,” Suzara said. “It shall definitely be a huge challenge, to mount the singlethe highest-ranking

the

Ambassador Dy expressed delight in witnessing the successful awarding to the Philippines the hosting chores for the championship.

“We are proud to be given this opportunity to share the Filipinos’ love for sports and to impart the spirit of unity, hospitality and camaraderie amongst Filipinos and athletes from all over the world,” Dy said.

The Philippine bid team included PNVF Vice President Richard Palou, Secretary-General Jose Donaldo Caringal, Executive Director Marie Louise Principe and Branding Director Jacob Burke and Volleyball Nations League LOC Event Director Pauline Marie Ick and Deputy Event Director Maria Leonor Estampador, Special Assistant to Senator Alan Peter Cayetano Jennifer Anne Reyes, Special Assistant Monica Ann Mitra and Chief of Staff Maria Elizabeth Cheryl Reginaldo to Pia Cayetano, BusinessMirror’s Lorenzo Lomibao Jr. and Cignal TV Inc.’s Michael Halili. With Graça were FIVB General Director Fabio Azevedo, Head of Volleyball Events Alise Kessler and Head of Legal and General Counsel Steve Bock, Volleyball World Chairman Luis Fernando Lima, Chief Executive Officer Finn Taylor, Chief Business Officer Guido Betti, Head of Hosting Marcelo Hargreaves, Chief Finance Officer Florence Galland, Chief Revenue D2C Officer Stephanie Giardina and Head of Sponsorship Oliver Clarke.

Suzara: PHL, PNVF

corner of the globe.”

of the sport and most avid fans of the sport from every competition will be staged in our very own country, to a nation that loves the sport with passion,” she said. “We get to bring this international competition to the Philippines, for the Filipino people to witness it first-hand.”

ready for the challenge

carded 72 and 74, respectively.

Apo Golf Classic winner Sarah Ababa also came up with a final-day run, starting the day five strokes back and finishing in joint second place at 220 with a closing 72.

“I missed a couple of short putts for pars,” rued Ababa. “They were so close but failed to sink them.”

Chihiro Ikeda shared second spot after a 75.

Constantino bagged the P90,000 prize from the P750,000 prize fund in the second leg of the 10-stage LPGT circuit.

“I stayed patient, kept my cool out there throughout the day,” said Constantino.

Despite holding a lead in the stretch, Constantino remained uncertain of her chances given the competi-

tiveness of the field and the challenges posed by the course. Her victory, although somewhat anticlimactic, was sealed on the last hole with a par after seeking relief for an embedded ball.

Throughout the day, Constantino never felt like the victory was assured, saying: “Not until I got to the last hole and putt my last one.”

pounds, we made it little bigger than Eumir’s normal [weight] because he’s fighting in the Olympics at 176 pounds.”

“But if there is one thing that we, Filipinos, can do well, it is exactly this— to equally give each and every team the best conditions in order for them to fully focus on the competition and the championship trophy and to make them feel at home right in our own home.”

First hosted by then Czechoslovakia in 1949, the FIVB MWCH—originally a quadrennial competition—has been to Asia only twice before in 1998 and 2006 both in Japan and was shared by two countries in 2018 (Italy and Bulgaria) and 2022 (Poland and Slovenia).

“Our successful bid to host the FIVB Volleyball Men’s World Championship further reinforces our country’s track record in staging world class events,” Cayetano said. “With the support and commitment of both our government and the private sector, we can be certain that it will be of the same caliber, or even better.”

“As a former national volleyball athlete myself, I am excited that the highest level of men’s volleyball

“The Philippines’ hosting of this global volleyball event bolsters our sports tourism portfolio, driving economic growth, highlighting the country’s diverse array of tourism offerings that promise a truly unforgettable Philippine Experience,” said Frasco in a statement read during the bid ceremony. “We are eager to showcase to the international volleyball community the many reasons to Love the Philippines: from our award-winning destinations, our mega biodiversity, our deep well of culture and heritage, the tapestry of traditions and talents across our islands, and the warmth and hospitality of the Filipino people. “We reiterate the Department of Tourism’s full support and commitment to ensure the successful hosting of the FIVB Volleyball Men’s Championship in 2025.”

RAMON SUZARA stressed the PNVF’s readiness and willingness to accept the responsibility with the sheer dedication of the women and men of “our very young federation, PNVF.”

“In a span of three years, which transitioned from the pandemic into return to volleyball, we have come to fulfill a portfolio of volleyball and beach volleyball events, covering domestic leagues, zonal meets, AVC [Asian Volleyball Confederation] and FIVB and Volleyball World event properties.”

“I carry along the profound partnership with the FIVB under the inspiring leadership of Dr. Ary S. Graça and with Volleyball World under its visionary CEO Finn Taylor,” he added.

“And I surely carry along the support of the Philippine government—His Excellency President Ferdinand Marcos Jr., Her Excellency

First Lady Louise Araneta Marcos, Honorable Senator Pia Cayetano, Senator Alan Peter Cayetano and Senator Juan Edgardo ‘Sonny’ Angara.”

FIVB hosting highlights PHL passion for volleyball–Pia Cayetano

S“So it exactly lighter than what he’s fighting in the Olympics, but a little heavier than what he’s fought in other few fights like in 165 pounds. It just makes sense he’s fighting in the Olympics at 80 kilos or 176 that we got a guy a little bigger to fight this fight leading up to that.”

Marcial, 28, the Tokyo Olympics bronze medalist almost three years ago in Tokyo, will be fighting in Manila for the first time since winning a gold medal in the 2019 Southeast Asian Games men’s middleweight boxing competition at the PICC tent.

weight class in the Asian Games and Olympics, but it won’t matter when he squares off with Thoedsak Sinam on Saturday in their eight-round non-title light heavyweight bout, according to MP Promotions President Sean Gibbons. “The weight has no effect on this fight at all,” Gibbons told BusinessMirror on Thursday prior to the weigh-in on Friday morning at the same venue. “The weight at 170 to 172

“The fight is like an infomercial, Eumir is here to come out to showcase and to look good in front of his

friends, the people of the Philippines, relatives and fans. That’s the fight is all about and not a tough fight before he returns to US and resume his Olympic training,” he added. Marcial has won his four professional fights, all in the US, and his team is thankful that former Senator Manny Pacquiao is hosting the Olympian’s home fight.

“The real reason we did this fight is the senator who spoke to Eumir, and he said he hasn’t fought here for almost five years, so we figured it out and he’s very thankful to the senator,” Gibbons said. “It’s a beautiful send off for his training for the Paris Olympics.”

But the 28-year-old Thai is no joke despite his 13 losses in 36 fights as he also compiled 19 knockouts. Weight no issue for

ENATOR Pia Cayetano says the Philippines is putting its best foot forward as host of the FIVB Men’s World Championship in 2025. A former Philippine national volleyball team member, Cayetano spoke on behalf of the Filipino fans in her pitch to the FIVB, the world governing body of volleyball. “The Filipino fans will make sure that the players and the entire delegation feel welcome, as you have seen in our previous hostings,” Cayetano said. “It has been my personal advocacy to make sports more accessible, most specially to our youth and we have the honor of introducing these 32 teams as well as the global audience to our world renowned Filipino hospitality and colorful Filipino culture,” Cayetano said. “I have always believed that sports can transform communities, change lives.”

“Our country is a volleyball loving and playing country and it is with great pleasure that we welcome FIVB and Volleyball World to the Philippines,”

she said. “Our successful bid further reinforces our country’s track record in staging world class events and with the support and commitment of both our government, and the private sector, we can be certain that it will be of the same caliber, or even better.”

She added: “As a former national volleyball athlete myself, I am excited that the highest level of men’s volleyball competition will be staged in our very own country, to a nation that loves the sport with passion.

“We get to bring this international competition to the Philippines, for the Filipino people to witness it firsthand. It has been my personal advocacy to make sports more accessible, most especially to our youth.”

MORE than two centuries have passed since Ilocos Sur and Ilocos Norte were separated by a royal decree, yet both provinces continue to find a balance between preserving their unique cultural identity—rooted in their rich Hispanic culture—and embracing progress.

ma rri age to a sc ion of t he Ma rcos clan was he r i mme r s ion i nto t he Ilocano way of l i fe. “I’m not an Ilocano, but an Ilocano capt ured my hea r t, so I am an Ilocano by hea r t and by c hoice,” s he sa id. S he h ad neve r been a pol it ic i an u nt i l he r hu sband Nonong Ma rcos, t he f ir st cou s i n of Pres ident Ferd i nand “Bongbong” Ma rcos Jr passed away w hi le prepa ri ng for t he v ice g u be r natori al r ace i n t he 2022 elect ions. It was former First Lady Imelda Marcos, she said, who urged her to ru

Immortalizing traditions in ‘Marcos Country’

By Joel C. Paredes

THE new shrine honoring the late President Marcos Sr. now stands proudly in front of his family’s ancestral home in Batac, Ilocos Norte. His bronze statue gazes toward the town plaza and the Catholic Church. Inscribed on the façade of the town’s community center are the words, “Batac: Home of Great Leaders.”

dent was broug ht home f rom Hawa ii touri sts flocked to Batac to pay homage to t he late president whose body was encased i nside a mau soleu m i n t heir wooden ancest ral home. It was f i nally la id to rest at t he L ibi ngan ng mga Bayan i eig ht yea rs ago. In nea r by Paoay town i s t he Malacañang of the North a museum highlighting the Marcos legacy. A “Bahay na Bato” structure, it used to be the residence of the late President Marcos and his family.

Exploring its old grandeur TODAY, local a u t h o ri zes a r e p r omot i ng not only t h e Ma r cos legacy. T h e ent ir e p r ov i nce h as become a favo ri te dest i nat i on fo r h e ritage to uri sm and its old g r ande ur

In Laoag, t he Pamu l i nawen Fest ival d raws t hou sands of touri sts and bal i kbayans duri ng t he whole mont h of Febru a r y. Coi nc id i ng w it h t he fou ndat ion day of

Ilocos Nor te, it was named after a popu la r Ilocano folk song whic h was bel ieved to h ave orig i nated i n t he pre-H i span ic era. Paoay, alt hough a four t h-class mu n ic ipal ity, boasts of t he most nu mber of “must-v isit” dest inations, rang ing from its scenic lake and sand dunes to its old Spanish baroque churches. T h e Sa i nt A u g u st i n C hur c h , whic h was bui lt in 1710, was decla red a UNESCO World Heritage Site under t he collect ive g roup of Ba roque C hurc hes of t he Phi l ippines in 1993 T he Paoay sand du nes h ave become a popu la r touri st stop for its 4x4 advent ure ride and sandboa rdi ng on a por t ion of t he 88-s qu a re k i lomete r s of t he geolog ical s ite along t h e easte r n coast of t h e prov i nce. “We ar

ure of our countr y, but there is a soft spot for Ilocos Norte because he is from here,” she said.

Ilocano ‘resilience’

Meanwhile, in his latest State of the Prov ince Address, Ilocos Norte Governor Matthew Marcos Manotoc had cited how the “Ilocano

ensured t hat t hey were prov ided assistance while being encouraged to diversify by grow ing high-value crops. Now w ith their status as top producer of high-value crops, a tourism hotspot and a renewable energy capital, the provincial government is fast emerg ing as the “commercial hub” of Norther n Luzon. A raneta-Ma rcos, however sa id that while new investors have beg un expanding in Ilocos Norte, she does not think that the Ilocanos w ill lose the identity of the prov ince.

Enduring legacy THE vice governor said her province’s advantage is the enduring legacy of Spanish cultural heritage, as shown in their well-preser ved colonial architecture, from churches to their bridges and well-preser ved colonial towns.

In 1973, the Paoay Church, built by the Aug ustinian friars in 1593 was decla red a Nat ional Cu lt ural Treasure by v irtue of a presidential decree. It was designated as a UNESCO World Heritage Site together with the Nuestra Senora de la Asuncion Church in Sta. Maria Ilocos Sur in December 1993

ing our leap towards diversify ing our

cor n, while being tagged as the “garlic capital of the Philippines.”

She confided that the rice tari

r

In 2022, the prov ince welcomed three million v isitors, a significant increase from 800,000 in 2021, w ith Ilocos Norte and Ilocos Sur emerging as top destinations for heritage tourism. Ilocos Sur Gover nor Jerr y Singson agreed th

However, the governor said under his ter m he would prefer seeing more of their rich kababayans” who have been based abroad to invest, w ith the influ x of tourism in their prov ince. He said the prov incial gover nment is committed to develop other tourism destinations in Ilocos Sur Laoag’s priorities NOW, even Laoag Mayor Michael Marcos Keon conceded that he is look ing at prioritizing the planting of tobacco in the capital city because of t he f unds it can acquire f rom RA1771. He noted how the town of Pinili near the border of Ilocos Sur w ith about 17,000 residents, gets P700 million in excise tax annually. Keon said the city’s priorities in the future have also been focused on agriculture. Bu

as director of Gintong Alay, the late president’s sports program, to promote and to achieve gold medals for the Philippines in international events. Keon c ited how Sy-owned SM h ad acquired a 10-hecta re property to build one of its biggest mall complexes, complete w ith a hotel, condominiums, and an ecotourism park. T he Ayalas and the Villars, he said, “are (al3so) planning on doing something.”

According to Keon, the national gover nment w i ll soon sta r t construction of 20 five-stor y buildings w ith a total of 4,500 units under the Pambansang Pabahay para sa Pilipino, or 4Ph, which President Marcos Jr launched in 2022 w ith the goal of hav ing zero infor mal settlers by 2028.

He said the prov ince w ill benefit from these developments in his city since it w ill boost employment in Ilocos Norte. Laoag City itself, Keon added, has only nearly 120,000 residents, but they receive the most revenue from the prov ince at P1.2 billion annually. Laoag needs to target a population of 150,000 to become an independent city.

e to-

ndustr

Burnay pottery-making, a dying craft?

By Joel C. Paredes

HE gained prominence as a “national folk artist” simply because of his exceptional skill and work in making Burnay, the unglazed earthen jar which has long been a pride of Ilocos Sur as a traditional art and craft.

the only one among the old artists living,” said Go, while ly ing in bed inside their ancestral home, which also housed his potter’s wheel and “dragon” k iln, which he used for firing potter y. According to Go, it was his Chinese father who introduced Bur nay mak ing in Vigan, after joining a batch of Chinese artisans that migrated to the countr y 1922. W hile potter y has been a traditional craft in the region, Burnay had its unique feature, and was only commonly made by Chinese ar tisans who brought them to Vigan, a major trading port since the pre-colonial days.

BURNAY ar tist Fidel Antiporda Go. BURNAY, the unglazed ear then jar.

Continued on C-

SAFC, one of the leading and fast-growing financial institutions in the Philippines, reaffirms its commitment to growth, empowerment, and sustainability with the ongoing success of its #KayaMoNa campaign. This campaign encourages Filipinos all around the nation to embrace opportunities and fulfill their goals by being resilient and tenacious.

SAFC's #KayaMoNa Campaign is not just about loans; it's about unlocking opportunities and dreams. At its core, the campaign champions accessibility and inclusivity, offering avenues for Filipinos to thrive in entrepreneurship and sustainable living.

"We're not just offering loans through our #KayaMoNa Campaign; we're offering pathways to success and prosperity," stated by SAFC Chairman, Ruben Y. Lugtu II. "Our goal is to empower Filipinos to take charge of their futures, whether it's through our innovative loan offerings or our commitment to sustainability and community development."

Key product

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Robert B. Jordan Jr., CEO of SAFC, said, "We believe every Filipino has the potential to achieve greatness, and our Sangla ORCR product is a testament to that belief. By granting people access to capital, we're fostering economic growth and generating chances for communities to prosper in addition to assisting people in starting enterprises."

Consistent with its dedication to sustainability, SAFC also created the "Reduce, Reuse, and Redrive" campaign, endorsing the financing of used cars as a way to lessen environmental effects. SAFC is leading the way in encouraging Filipinos to buy pre-owned cars rather than new ones, leading the way towards a more sustainable and ecologically conscious future.

But SAFC's impact goes beyond financial empowerment. Through its Loan Consultant program,

the company provides income opportunities to Filipinos through referrals alone. With over 4,000 loan consultants and counting, SAFC is not only creating jobs but also nurturing success stories like those of top performers Neil Anthony Canlas, Richard Rapera, and Mark Enguito.

"Our Loan Consultant program is more than just a job; it's a pathway to personal and professional fulfillment," expressed by Joel C. Cruz, SAFC's president and managing director. "We are dedicated to giving people like Neil, Richard, and Mark the instruments and resources they require to flourish. We take pride in helping them realize their aspirations."

SAFC Heroes UNDER its CSR umbrella program, SAFC Heroes, SAFC passionately advocates for a better future through its flagship initiatives: Love Hero, Life Hero, and Green Hero. These initiatives highlight SAFC's dedication to community development, health and wellness promotion, and environmental sustainability; they also represent the fundamental principles that SAFC seeks to instill in all of its endeavors.

The Love Hero Program, a cornerstone of SAFC Heroes, is dedicated to uplifting the lives of Filipinos by offering livelihood opportunities and support. Through Love Hero, SAFC continues its mission of fostering positive societal change and making a tangible impact on communities in need.

"SAFC is more than a financial institution; we're a catalyst for change," Lugtu stated. "With our ongoing #KayaMoNa initiative, we're giving Filipinos the support to aim higher and achieve more. Together, we're working towards a better future for all." Visit www.safc.com. ph for more information or follow us on social-media for real-time updates, tips, and community stories.

The woman behind the famous Ilocos empanada, the favorite of ‘Apo’ Ferdie

Paredes

Text and photos by Joel C.

FOR 64 years, Gloria Aduana Cocson, or Manang Glory to her townmates in Batac, has been selling Ilocos empanada. No less than then President Ferdinand Marcos Sr. would buy from her whenever he visited his hometown.

Batac has always been known for the famous comfort food. It was believed to have originated in that town. But for generations, the usual empanada in Batac merely had a rice wrapper stuffed with shredded green papaya and mongo sprouts. In Vigan, the empanada had cabbage for its filling.

In 1960, Cocson innovated the traditional recipe when she began making her own “Glory’s empanada” after working as an assistant of her sister-in-law for two years in her empanada business.

She added garlic longganisa and egg in her so-called “secret recipe.” Soon, her empanada. which she sells outside the Roman Catholic Church grounds at the town center and in the nearby public market, became famous.

“Even the president’s children would buy from me,” she said. The president’s eldest daughter, now senator Imee Marcos, was even a regular customer when she was

governor of the province.

In 2000 , she was asked to showcase the art of empanada making in the Philippine International Convention Center by President Ferdinand Marcos Jr., who was then Ilocos Norte governor.

“Empanada is a complete food,” she said, noting how she had to serve customers for breakfast, lunch and dinner in her new stall at the food court which Mayor Jesus Nalupta built across the church to showcase Batac cuisine, from her empanada to the famous Miki noodles.

Her two daughters also opened their own empanada stalls, but they passed away. Now, she has three stalls to manage. Looking back, Cocson, now 83, said had always felt lucky because of her empanada business. She was able to visit her two sisters who live in London and Australia. She also toured Hong Kong, which was in her bucket list.

Today, Manang Glory continues

to inspire her townmates who are proud of her creative talent and her knack for business. She still prepares the empanada that she offers in her old stall every day. She has also started a separate serving of her home-made longganisa which she uses for her fillings.

Continued from C

His father Hong Tai, who already had a Burnay pottery business in China, along with other Chinese migrants, finally introduced pottery making using the kiln for burning— or baking—the molded clay jar.

In 1990, Go was recognized by the National Commission on Culture and the Arts as National Folk Artist.

Once he recuperates from his ailment, Go is determined to heed the governor’s request to train those interested in Burnay pottery making. “Apart from your skilled hands, the process is tedious. Yit has its own unique thickness,’ he said. The Burnay’s dark brown color was a result of the high firing, making it “tough as stone,” compared to the terracotta clay pottery’s “open fire” process. According to him, the actual production of Burnay has stopped. They have been merely using their helpers to mold the clay on the potter’s wheel for demonstration purposes to visiting tourists, he said.

FHowever,

make it tough to venture out, especially during busy seasons like Holy Week.

Belmont Hotel Manila

ONE of these hotels and resorts is the Belmont Hotel Manila, situated within the renowned entertainment hub of Newport City in Pasay. This 4-star haven offers everything guests need for a memorable staycation experience, from cozy to delectable dining options.

Conveniently located just a hop, skip, and a jump away from Ninoy Aquino International Airport Terminal 3, Belmont Hotel Manila is easily accessible via the Runway Manila, an air-conditioned pedestrian bridge that connects the airport to Newport City.

This Easter, guests can kick back and relax in the comfort of the hotel's cozy rooms, complete with all the amenities needed for a memorable stay. And when it comes to dining, the Easter Sunday Party promises to be a feast for the senses, with a lunch buffet suitable for guests of all ages, featuring a delectable spread of Easter treats.

But the fun doesn't stop there!

Kids are in for a treat with an exciting Easter Egg Hunt which the management guarantees will bring smiles and laughter all around. Plus, with activities like parlor games and special entertainment, there's never a dull moment at Belmont Hotel Manila.

through the hotel's website at www. belmonthotelmanila.com.

Savoy Hotel Manila

is like entering a sanctuary of warmth and hospitality.

From the moment you arrive at the gate, guests are greeted with genuine smiles and impeccable service from Filipino hoteliers who make you feel right at home. It’s as if all the stress and fatigue from your journey evaporate into thin air and is replaced by a sense of ease and comfort. And it’s not just the friendly staff that make all the difference, but the hotel management ensures that every minute of your stay is sure to be worth it.

For those looking to unwind after a day of fun-filled activities, B Calm Spa awaits with a tempting 20 percent discount on treatments. And when hunger strikes, guests can enjoy a 20 percent discount on food and beverage offerings at the hotel's dining outlets.

With rates starting at just P6,800 nett valid on March 30 and 31, 2024, guests can enjoy an overnight stay for two, a sumptuous breakfast buffet, and two tickets to the “Belmont Wonderland” Easter Sunday Lunch Buffet party on March 31, complete with exciting activities for the little ones.

To book a room, guests can call (02) 5318 8863, message via Viber at +63 917 817 9281, or send an email to stay@belmontmanila.com. Reservations can also be made

MEANWHILE, if you're looking to double the fun this Easter season, just next door to Belmont Hotel Manila lies Savoy Hotel Manila, ready to make your holiday even more memorable with their colorful “Hopping Into Summer” celebration. Head over to the 2nd Floor Connect Lounge from 10:30 am onwards for a jolly occasion filled with thrilling games, cool treats, and surprises galore. But that's not all—Savoy Hotel Manila is also offering an exclusive “Hopping Into Summer Room Package” that takes your getaway to the next level. This enticing package includes an overnight stay in an Essential 1 Room, a buffet for one, welcome amenities, a special Easter gift, and a tempting 20 percent discount on the Easter lunch buffet. Plus, guests will receive event tickets to the “Hopping Into Summer Event,” ensuring access to

all the fun-filled activities With rates starting at just P 5,500, booking is available until March 30, with stay periods from March 23 to April 1. It's the perfect opportunity to treat yourself and your loved ones to a well-deserved break.

When it comes to dining, Savoy Hotel Manila has you covered with a delectable Easter lunch buffet from 12 noon to 3 pm. Satisfy your cravings in a feast of dishes, including a salad station, Grilled Fish Fillets with Chermoula, Chicken Inasal, Grilled Pork Liempo, and much more.

Don't forget to save room for dessert—treat yourself to heavenly delights such as Halo-Halo and Macapuno Pandan. With prices at P 1,288 for adults and P 646 for kids aged seven to 12 years old, it's a meal you won't want to miss.

For inquiries and bookings, please call +632 5317 2817 / +632 5317 2869 or email dine@savoymanila.com / stay@savoymanila.com. Don't miss out on these exciting offers – book your Easter and Summer escape with Savoy Hotel Manila today!

Kingsford Hotel Manila

HERE’S another modern city hotel with 529 rooms that is waiting to pamper guests this summer season and Holy Week with steam and sauna, overlooking pool, and fitness center. While recharging and pampering yourself, Kingsford Hotel Manila offers a Visita Iglesia Shuttle and a three-night stay for two, with a solemn stay at P 10,888. Meanwhile, complete your staycation with the family for a threenight stay for two, scheduled shuttle service to seven Churches for two, and Easter lunch and show access for two for the ul-timate Family Getaway for only P 17,888. The booking period for this solemn activity is from March 28

to 30, 2024.

And for their “Sunny Getaway,” Kingsford offers a Deluxe Room with buffet breakfast for two for only P4,288 nett.

Moreover, guests can extend their staycation until the weekend, with Kingsford Hotel Manila’s weekend buffet dinner. Their “Stay and Feast” package includes an overnight stay in a Deluxe Room with breakfast for two for only P 7,388 nett. Book your Majestic Stay by visiting www. kingsfordmanila.com, dial (02) 8888 6388 or send an email to stay@ kingsfordmanila.com. For exciting promos and offers, stay updated by following the official Facebook page at (https://www.facebook.com/ kingsfordmanila/).

Richmonde Hotel Ortigas

LOCATED in the heart of Ortigas Center where the bustling business hubs and premier shopping destinations converge, Richmonde Hotel offers a serene escape with its meticulously designed accommodations.

Each room is a haven of comfort which features luxurious beds and breathtaking city views that soothe the senses.

This Easter, Richmonde invites guests to unwind with special rates starting from P 3,800 nett for a blissful overnight stay, or P 4,700 nett inclusive of a breakfast buffet for two. Stay longer and

mentary access to the Health Club’s gym and heated indoor pool, with extended hours during the holiday period.

a warm welcome awaits package takers checking in from March 28 to 31, along with an upgraded brunch buffet on Easter Sunday until 11 am.

At Richmonde Hotel Ortigas, exceptional customer service is a hallmark. With round-the-clock assistance,

Hotel Lucky Chinatown-Binondo

IF you're craving for a taste of history and culture, head down to the southwestern part of Luzon for an unforgettable escape at Hotel Lucky Chinatown.

They're rolling out their exclusive “Binondo Escapade” package, which guests can immerse themselves in the rich history and culture of one of the world's oldest Chinatowns with an overnight stay in a standard room, complete with two passes to the captivating Chinatown Museum.

Explore the museum's galleries, each offering a unique perspective on Binondo's evolution through the centuries. From its diverse cultural influences to its thriving economic landscape, discover the threads that weave together the fabric of this iconic neighborhood.

Whether you're a history enthusiast or simply looking for a unique getaway, the “Binondo Escapade” package has something for everyone.

Book your stay until December 30, 2024, and experience the charm of Binondo like never before. Rates start at P3,488 nett per night or P2,688 nett for the room alone. For more details, visit their website at www.hotelluckychinatown.com or contact them through 0917 805 6062 / (02) 5318 8188 or email at stay@hotelluckychinatown.com

Twin Lakes Hotel

THE Twin Lakes Hotel, situated just about an hour away from Metro Manila, is also a notable addition to the list.

Nestled within the Twin Lakes integrated tourism estate

development in Laurel, Batangas, this award-winning hotel boasts of 122 rooms, providing a serene retreat for guests. For their “Holy Week Staycation,” they offer three room options: the Superior Room at P12,200 nett, the Deluxe Room at P13,200 nett, and the Premier Room at P14,200 nett. Each package includes an overnight stay with breakfast for two adults, P 2,500 dining credit valid at Twin Lakes Cafe, Room Service, or Twin Lakes Wine Gallery, a plush toy, and waived pet fee for Premier rooms.

The booking period is until March 30, 2024, with the stay period scheduled for March 28 and 29, 2024.

For their “Easter Extravaganza” package, they maintain the same room rates as the “Holy Week Staycation.” Additionally, guests receive two tickets to the Easter Party on March 31, a plush toy, and waived pet fees for Premier rooms.

The booking period for the Easter package is also until March 30, 2024, with the stay period set for March 30 to 31, 2024.

To further elevate the experience, the hotel offers an “Easter Camping Eggspedition” on March 31, 2024, from 2 pm to 5 pm at the Grand Ballroom, priced at only P1,850 nett per person. Children aged two years and below can join for free for every paying adult.

This package includes a heavy snacks buffet, a magic show, fun games, face painting, inflatables, a cookie decorating station, loot bags and plushies, a photobooth, a costume contest, egg hunts, and raffle draws.

Have you decided yet where

and what kind of staycation you want for this summer and Lenten season? There are only a few of their offerings mentioned here, but they have many more. Head now to www.twinlakeshotel.

com.ph to book or contact the Reservations Team at (0917) 853 7468, (0917) 846 1389, reservations@twinlakeshotel. com.ph or visit Twin Lakes Hotel’s Face-book page (https://www. facebook.com/twinlakeshotel to explore their full range of options.

Elevating guest experience and cultural symbolism

Recently, the MHR introduced a signature service brand that evolved into a movement to support the struggling sampaguita industry, the national flower.

The leading hotel chain in the country led the planting of sampaguita seeds in four of Megaworld's townships and estates, such as Boracay Newcoast, The Mactan Newtown in Cebu, Iloilo Business Park, and their own large botanical Central Nursery in Tanza, Cavite.

When guests travel and stay at a hotel, they often feel deeply connected with their surroundings. MHR wants to enhance this bond by incorporating the essence of Sampaguita into every aspect of the guest experience.

This beloved flower symbolizes the brand's commitment to offering memorable stays, leaving a lasting impact on guests, and nurturing strong customer loyalty and cultural significance.

After all, you deserve nothing but the best when it comes to relaxation and rejuvenation.

Immortalizing traditions in ‘Marcos Country’

Continued from C

On the day before Ash Wednesday, they hold the “Guiling-guiling,” a Mardi Gras introduced by the Spanish friars in the 16th century, to remind townsfolk that it is the last day of merry-making before the start of the Lenten season.

Then, every November 1, as they commemorate All Saints Day, the villages set up tumba—or catafalques— with inabel tapestry for the Tumba Festival During the celebration, they offer an “atang,” a ritual of leaving a plate of food for the dead or the spirits.

The Inabel is a traditional handwoven fabric which is distinctly Ilocano in origin. According to the Department of Science and Technology, “in the rhythmic clatter of looms and the intricate patterns of their deeply rooted significance, Inabel weaves stories of the Philippines’ rich and diverse cultural heritage.”

In the town of Pinili, Rep. Angelo Marcos Barba recently inaugurated the Magdalena Gamayo Center in honor of the centenarian weaver and lead practitioner of the tradition of inabel.

Lorna Cabugon, 66, Inabel weaver, said the “ kundiman” is the most popular Inabel, but to create its patterned designs, the weaver synchronizes the movement of her hands and feet using the five-pedaled wooden handloom, or abel.

“We consider our designs timeless, but our customers really prefer the traditional rather than machine made,” said Cabugon, who was only 12 when her mother taught her the traditional loom weaving, which she later

handed down to her three children.

The other side of the province

RAFFY MENDOZA said he was impressed with the beaches when he agreed to lead the Sta. Sta Clara International team which now manages the government-owned Plaza del Norte Hotel and Convention Center in Laoag City.

Singling out Pagudpud in the northern tip of the province, he said its coastal white sands are on a par with other popular beach destinations of foreign tourists in recent years.

”We already saw the potential, although the problem here really is that it’s quite far. An increase of our international flights will boost tourism.”

According to Bangui Mayor Fidel A. Cimatu Jr., while they do not have white sand beaches and tourists merely pass through their town on their way to Cape Bojeador and Pagudpod, his town has the most popular “free” destination: the Bangui Wind Farm, the first power-generating windmill farm in Southeast Asia which helped put Ilocos Norte among the top 10 tourist destinations in country.

Although there are now bigger windmills in Burgos and Pagudpud towns, the visitors still prefer to walk along the shoreline of Bangui Bay housing the 26 wind turbines which can generate capacity of 31 mw of sustainable energy.

The recent influx of tourism in the north only shows how people appreciate the Ilocanos’ determination to preserve their unique identity while embracing modern technologies and opportunities.