BusinessMirror May 19, 2022 by BusinessMirror

Huge economic challenges await Marcos team B M J, S A  A C B N

FTER his landslide presidential election win, the Philippines’s Ferdinand “Bongbong” Marcos Jr. now faces soaring inflation and limited revenue to achieve his ambitious infrastructure goals. Several names have been floated as potential appointees to his economic team when the new administration takes power next month. The late dictator’s son is building his cabinet amid lingering questions on his family’s wealth and tax liabilities.

ROTARY CLUB OF MANILA JOURNALISM AWARDS

2006 National Newspaper of the Year 2011 National Newspaper of the Year 2013 Business Newspaper of the Year 2017 Business Newspaper of the Year 2019 Business Newspaper of the Year 2021 Pro Patria Award PHILIPPINE STATISTICS AUTHORITY 2018 Data Champion

What’s certain is the gravity of economic challenges ahead, even in the wake of a better-than-expected first-quarter GDP surprise. While policymakers just weeks ago sounded a more confident tone on reining in price growth, inflation has worsened worldwide, the Philippines included. The central bank is set to decide on its benchmark interest rate Thursday, with a slim majority of analysts expecting a rate hike in line with global and regional trends. Here’s a look at what’s top of the agenda to keep the Philippines’s post-Covid economic recovery on track:

Inflation

FASTER-THAN-EXPECTED inflation has been rattling central bankers globally. Philippine consumer price growth came in at 4.9 percent in April, the highest in more than three years and surging past the central bank’s 2 percent-4 percent target. Bangko Sentral ng Pilipinas Governor Benjamin Diokno, whose term ends in mid-2023, said last week policymakers are “ready to adjust” monetary settings if there’s “material risk” of supply-driven price pressures spilling onto the demand side. Higher borrowing costs and the pressure on both consumers and

corporates should catch the eyes of officials looking to ease the burden via fiscal policy. Marcos has pledged aid and loans to hog raisers to lower pork prices and increase supply. He also said he favors suspending the oil excise tax to tame fuel price hikes.

Infrastructure

MARCOS moves into the presidential palace on promises to shepherd along many of his predecessor’s initiatives, including an ambitious infrastructure program with more airports and railways outside the capital and a renewed focus on S “H,” A

BusinessMirror A broader look at today’s business

EJAP JOURNALISM AWARDS

BUSINESS NEWS SOURCE OF THE YEAR

(2017, 2018, 2019, 2020)

DEPARTMENT OF SCIENCE AND TECHNOLOGY

2018 BANTOG MEDIA AWARDS

BSP TRACKING UKRAINE WAR INFLATION IMPACT www.businessmirror.com.ph

■

Thursday, May 19, 2022 Vol. 17 No. 223

P.  |     | 7 DAYS A WEEK

FROM left: Newly proclaimed senators Joel Villanueva, Jinggoy Estrada, Robin Padilla, Loren Legarda, Francis “Chiz” Escudero, Raffy Tulfo, Sherwin Gatchalian, Mark Villar, Alan Peter Cayetano, Juan Miguel Zubiri, Joseph Victor Ejercito and Risa Hontiveros are joined by Comelec officials at their proclamation at PICC in Pasay City. ROY DOMINGO

B B C

@BcuaresmaBM

HE effects of the Russia-Ukraine war on the local prices of goods will be among the factors to be considered in crafting monetary policy on Thursday (May 19), as it could potentially “disanchor” inflationary expectations in the country, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said on Wednesday. The BSP chief said they continue to closely monitor the UkraineRussia conflict and that they “remain vigilant against its impact on the Philippines’s inflation outlook.” Diokno added: “While spillovers from the Ukraine-Russia conflict will likely be limited given our lack of close economic linkage with the two countries, its impact through the commodities channel could

PESO EXCHANGE RATES

pose upside risks to domestic inflation.” The governor also said they support the timely implementation of direct non-monetary measures by the national government in order to mitigate the impact of the ongoing conflict. “The main channel through which the conflict affects the Philippines is through higher commoS “BSP,” A

Mission done: Comelec HYBRID WORK IS HERE proclaims new senators TO STAY—ADB EXPERT B C U. O @caiordinario

YBRID work is here to stay and the government must invest in infrastructure to allow more Filipinos to work under this alternative arrangement, according to an expert from the Asian Development Bank (ADB). In an Asian Development Blog, ADB Southeast Asia Department Social Sector Specialist Sameer Khatiwada said hybrid work arrangements will play an important role in a post-pandemic economy. This means, Khatiwada said, adequate ICT infrastructure is needed in order to make this possible for workers in the region, including the Philippines. “Remote work is not possible without connectivity, so govern-

ments need to prioritize investments in infrastructure that allow workers to be productive in a hybrid setting,” Khatiwada said. The ADB expert also said some governments in Southeast Asia provided incentives to support companies that have adopted flexible work arrangements for employees, including the Philippines. Khatiwada also said skills training and social protection policies for workers can support this transition to hybrid work arrangements. Remote work demands basic digital skills, among others. “Perhaps the most important thing governments can do is make sure workers have such basic skills, to allow them to take their first steps into the new world of work,” S “H,” A

B S P. M @sam_medenilla

ESPITE the pandemic restrictions, the Commission on Elections on Wednesday hurdled another major challenge in its first ever polls held in a health crisis with the proclamation of 12 winning senators at the Philippine International Convention Center (PICC) Forum Tent in Pasay City. In Resolution No. 002-22, the NBOC proclaimed the 12 senatorial candidates, who gained the most votes in the canvassing of 172 of the 173 Certificate of Canvass (COC) in the May 9, 2022 polls. This was based on advice by the Comelec Supervisory Committee that the still pending results in the special elections in the 14 barangays in Lanao Del Sur and in overseas voting Shanghai, China will no longer affect the ranking of the

Senate Magic 12. Related story on page A2. The top 6 senators with the most votes are: Robinhood “Robin” C. Padilla (26.61 million votes); Antique Rep. Lorna “Loren” B. Legarda (24.26 million votes); broadcaster Rafael “Raff y” T. Tulfo (23.4 million votes); Senator Sherwin “Win” T. Gatchalian (20.60 million votes); and Sorsogon Governor Francis “Chiz” Escudero (20.27 million votes); and Former Public Works Secretary Mark A. Villar (19.47 million votes). Rounding up the 12 senatorial candidates are Taguig first district Rep. Alan Peter S. Cayetano (19.3 million votes); Senator Juan Miguel “Migz” F. Zubiri (18.73 million); Sen. Emmanuel Joel J. Villanueva (18.49 million); former senator Joseph Victor “JV” EjerC  A

■ US 52.4480 ■ JAPAN 0.4054 ■ UK 65.5390 ■ HK 6.6820 ■ SINGAPORE 37.8932 ■ AUSTRALIA 36.8709 ■ SAUDI ARABIA 13.9828 ■ EU 55.3431 ■ CHINA 7.7844

Source: BSP (May 18, 2022)

News BusinessMirror

Thursday, May 19, 2022

BSP...

C  A

dity prices, which pose upside risks to domestic inflation,” Diokno said. Recent data on inflation showed an uptick in the consumer price index (CPI) by 4.9 percent in April—the highest acceleration in three years. Broken down, a significant chunk of the acceleration came from transport inflation which went up by 13 percent, as fuel prices surged during the month. “With energy and transport-related items directly accounting for about 14 percent of the Consumer Price Index or CPI basket, a sustained increase in domestic oil prices may result in a disanchoring of inflation expectations,” the governor said. “This could lead to second-round effects on transport fares, food prices, and higherthan-expected wage adjustments, and further dampen domestic demand,” he added. Diokno said they are particularly watching prices on jeepney fares and food inflation as potential channels of these so-called “secondround effects” from the crisis in Russia and Ukraine. “First, higher jeepney fares are a potential source of second-round effects from higher oil prices. Various transport groups have filed for a nationwide increase in the minimum jeepney fare to the Land Transportation Franchising and Regulatory Board ranging from P1.00 to P6.00,” Diokno said. “Second, food prices could also accelerate if the higher transport costs are passed on to consumers. Food items account for 34.8 percent of the CPI basket while restaurants and accommodation services are 9.6 percent of the basket,” he added. Diokno said while they support the use of effective and timely “non-monetary policy” measures to combat supply side pressures such as these, they continue to “stand ready” to act should it see “any sign” of inflation expectations becoming disanchored.

www.businessmirror.com.ph

Padilla appeals to senators: Let’s focus seriously on Charter change

B B F  S P. M

@butchfBM @sam_medenilla

CTOR Robin Padilla, who topped the Senate race with 26 million votes, said he believed those many people believe in “my platform,” which he summed up in two words: constitutional reform.

All of the valid calls for help for various sectors—as for more jobs, health care, better education access and quality—are all rooted, or become possible, only with Charter change, Padilla said. He then called on other members of the Senate to help him realize his campaign prom-

ise of changing the Constitution. “I ask my brothers in the Senate to give me a chance to pursue reform. I already heard a lot of issues concerning wages, work and education. All of these depend on reforming the Constitution,” Padilla said, partly in Filipino.

The action star, who ran under the UniTeam ticket, lauded the smooth conduct of the May 9 polls and thanked the Muslims and Christians who voted for him. In his short acceptance speech after being proclaimed by Comelec Chairman—and fellow Muslim— Saidamen Pangarungan, Padilla said he felt the weight of expectations in his new role, noting that for many decades, no Muslim has been elected senator. Speaking mostly in Filipino, he thanked “all Catholics, priests, nuns, and the Iglesia ni Cristo and [its executive minister] Ka Eduardo Manalo, the Kingdom of Jesus Christ of Pastor Quiboloy, Bro. Mike Velarde of El Shaddai” because, he stressed, “all of you showed our unity as Filipinos; you uplifted our brother Muslims who have long asked for attention.” Now, he said, “I knock on the

doors” of his newly elected and currently seated peers, to consider his pitch for Charter change. He capped his speech with a grin, as he paraphrased the first two lines of his trademark campaign sortie song, from Eric Clapton’s mega buster: “It’s late in the evening, and I feel wonderful tonight!” First time senator Tulfo, who is known for his vastly popular publicservice radio program, also thanked those who voted for him despite his first attempt at running for public office. As an incoming lawmaker, he said he will be able to help even more people. “I will make sure things happen, not for one or two people but for the Filipino people. There will be good things to happen in the action and law that I will make,” Tulfo said. Tulfo placed third in the Senate race.

Mission done: Comelec proclaims new senators C  A

cito Estrada (15.84 million votes); Sen. Theresia “Risa” HontiverosBaraquel (15.42 million votes); and former senator Jose “Jinggoy” Ejercito Estrada (15.1 million). “The Commission on Elections, sitting en banc as the National Board of Canvassers, hereby de-

clares the following candidates as the duly-elected Senators of the Republic of the Philippines in the May 9, 2022 National and Local Elections ranked according to the number of votes obtained by each, to serve for a term of six years, beginning at noon of June 30, 2022, in accordance with Section 4, Article VI of the 1987 Constitution

of the Republic of the Philippines,” the NBOC said in its three-page resolution. All of the winning senators were present at the proclamation ceremony, facilitated by members of the Comelec en banc.

First-time senators

CITING tradition, Comelec Chairman Saidamen B. Pangarungan gave a speech before presenting the certificate of proclamation of Padilla, who got over 26 million votes. “This is an overwhelming testament to the trust and confidence that the Filipino voters have reposed in him,” Pangarungan said. He said he hoped the neophyte senator, a Muslim like him, would be able to realize his campaign promise of improving the working conditions of employees and restructuring the government.

issue,” Zubiri said. But he declined to comment if he will be gunning for the Senate leadership. For his part, returning senator Cayetano said three senators are now campaigning to replace outgoing Senate President Vicente “Tito” C. Sotto. He noted that so far, none of the candidates were able to get the support of at least 13 senators to win the Senate presidency. The lawmaker said he has yet to align with any of the candidates. “I’d like to remain independent so I am actually not engaging,” Cayetano said.

Move on

ADB Southeast Asia Department Social Sector Specialist Sameer Khatiwada

Hybrid...

C  A

he added. Khatiwada said not all jobs can be done remotely. Most jobs that can be done using alternative work arrangements fully or partially use information technology. Citing studies published by the University of the Philippines School of Economics and Philippine Economic Society Khatiwada said out of the 427 occupations examined, only 8 percent to 10 percent have all tasks classified as remote. The data, he added, shows that 35 percent to 37 percent of these occupations cannot be done remotely while the rest can be done through a combination of onsite and remote tasks. The ADB expert said jobs in finance, information and communication, professional, scientific and technical services, and education, were less affected by the lockdowns imposed to prevent the spread of Covid-19. “The pandemic’s interaction with technology may have accelerated trends such as digitization, automation and near-shoring, or reshoring, with negative implications for skilled worker demand in Southeast Asia,” Khatiwada said. In March, ADB said the pandemic has prompted industries such as accommodation, food services, transportation, and recreational services to close. The workers in these industries had to find employment elsewhere and the transition has not been easy due to the differences in skills and experience. ADB also said digital transformation, automation, and remote working have already transformed jobs, facilities, processes, and skills needs, increasing the demand for higher value-added services and employee skills. Given these adjustments in the labor market, ADB believes a higher number of job seekers is possible. Those looking for jobs will include all those who lost theirs due to the lockdown; school dropouts; and new labor entrants.

MEANWHILE, incumbent and returning senators who were in the proclamation ceremony focused on the looming showdown for Senate President. Reelected senator Zubiri, who was among those reported to be the top contender for the position, said he is now a part of a bloc in the Senate. Another reported candidate for Senate president is Senator Cynthia A. Villar. “It’s a fairly nice bloc who believe in the sanctity of the Senate in terms of traditions and rules, independence, the right of every senator to be able to speak their mind, to be able to air their voice and have their vote on a particular

FOR its part, Malacañang expressed hope the proclamation of the winning senators will allow the country to finally “move on” from the divisive elections. “Our people have elected old and new faces in the Senate, and there is a sense of hope and optimism with the new set of lawmakers,” Acting Presidential Spokesman Secretary Martin M. Andanar said in a brief statement. “It is now time to move forward after a divisive election campaign and begin the daunting task of speeding up our economic recovery affected by the Covid-19 pandemic,” he added. Senators Villanueva, Zubiri, Villar and Escudero echoed Andanar’s remarks. “I hope that beginning today, let us begin the healing process. Whatever is your color during the last elections, we hope it will turn into the colors symbolizing our flag,” Escudero said, partly in Filipino.

Huge...

doesn’t want to add to the burden of a populace still recovering from the pandemic.

next five to six years to help bring down the tab.

Current account deficit

LIKE many economies across Southeast Asia, the Philippines is seeing upside from the post-Covid reopening. A tourism recharge helped convince United Overseas Bank Ltd. analysts that the economy can grow by 6.5 percent this year, just short of the 7 percent-9 percent official target, they said in a May 12 report. Mobility data from Google also show people returning to shops in a boost to business and the consumer-driven economy. But as private consumption led the way to favorable first-quarter growth numbers, it’ll be hard to sustain that pace as operations return to normal. “Gains are unlikely to be as robust going forward, especially with inflation rising rapidly, the labor market still exhibiting sluggishness, and households needing to rebuild the savings lost over the past two years,” Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics, said in a May 12 report.

Senate president

C  A

digital infrastructure. To the extent that more shovels meet the ground under Marcos, the investments are a “key element of the country’s favorable mediumterm growth prospects” supporting their BBB credit rating, Fitch Ratings analysts said in a May 12 report. Fitch’s negative outlook on the Philippines rating as affirmed in February, however, underscores that the infrastructure ambitions will not be easy to fund. “Investment efficiency is critical,” the analysts said in the report. “Poorly managed public infrastructure investment could also contribute to government debt rising faster than nominal GDP over the medium term, which would pressure the sovereign rating.” If Marcos holds his promises on taxes, it’ll be difficult for the government to pay those heftier bills. He said he’s against new taxes that will impact consumers, as he

LONG the bogeyman for investors, the current account deficit and budget pressure expose the peso to capital outflows and volatility. The twin deficits and slimming external financing buffers mean the peso is “one of the region’s most at-risk currencies” in the event of an emerging-market rout, Makoto Tsuchiya, economist at Oxford Economics, said in a May 10 note. So far this year the peso has slumped about 2.8 percent against the dollar, as of Tuesday. Spiraling global energy costs pushed the central bank to raise this year’s current account deficit outlook by more than 60 percent in March to $16.3 billion. Additional weights on exports include Russia’s war in Ukraine, US policy normalization and China’s economic slowdown. Marcos’s team will also find no quick fi x for the budget shortfall. Officials estimate that GDP needs to grow at least 6 percent for the

Consumption and mobility

The Nation BusinessMirror

www.businessmirror.com.ph

DOH OKs 2nd booster shot for seniors and HCWs By Claudeth Mocon-Ciriaco @claudethmc3

ENIOR citizens and frontline health-care workers (HCWs) may now avail of a second booster shot to strengthen immunity against Covid-19 infection, including the latest Omicron subvariant BA.2.12.1. the Department of Health (DOH) announced on Wednesday. The DOH said that they could particularly receive mRNA vaccines such as Moderna and Pfizer to be given at least four months after the administration of the first booster dose. “This is the moment we have all been waiting for. After careful study and consideration of the best available evidence, we shall now roll out effective immediately the second booster for our frontline health workers and senior citizens. This is part of how we fight back against the virus,” said DOH Undersecretary Myrna Cabotaje, the National Covid-19 Vaccination Operations Center (NVOC) chairperson. Following the earlier grant of an Emergency Use Authorization (EUA) by the Philippine Food and Drug Administration (FDA) and a positive recommendation by the Health Technology Assessment Council (HTAC), DOH through the NVOC, released DM No. 2022-0206 or the Interim Operational Guidelines on the Administration of second Covid-19 Vaccine Booster Doses to Senior Citizens and Frontline Healthcare Workers ages 18 years old and above. The DOH guidelines provide for the administration of second booster doses for individuals 18 years old and above belonging to Priority Group A1: Workers in Essential Health Services, and all 60 years old and above (Priority Group A2: Senior Citizens). Health Undersecretary Maria Rosario Vergeire said the second booster shot for HCWs and senior citizens will enhance protection given by the first booster and the primary series against all variants, including the recent Omicron subvariant BA.2.12.1. “Against whatever variant there is out there, the second booster supports the 4-Door strategy. It fortifies the defense of health workers and highly vulnerable seniors. Everyone eligible can get the second booster jab done at the LGU [local government unit] vaccination sites nearest you. They are safe, effective, and free of charge,” said Vergeire. The administration of second booster doses to eligible individuals shall be implemented s i mu lt a ne o u s l y n at io nw i d e , depending on the readiness of the Regional and Local Vaccination Operation Centers (RVOC/ LVOCs), implementing units, and vaccination sites. The only documents needed are the vaccination card showing the date of the first booster dose, and any valid government issued ID.

Editor: Vittorio V. Vitug • Thursday, May 19, 2022 A3

Stakeholders call for upskilling, retooling of Pinoy IT-BPM workers in ‘new normal’ By Andrea San Juan

HE National Skills Mapping Survey (NSMS) has revealed that preparedness of graduates for animation, game development, software industry, and health information management sectors is low. “Notably, the preparedness of graduates for the animation, game development, software industry, and health information management sectors is low,” according to a news statement released by the Board of Investments (BOI) this week, citing the NSMS. NSMS is an initiative of the BOI and the Commission on Higher Education (CHED). It aims to identify the human resource development needs of the information technology-business process management (IT-BPM) industry and its sub-sectors to develop work-ready and globally competitive workers. The survey is part of the provisions of the memorandum of understanding (MOU) on Strengthening Industry-Academe Linkages between the BOI and CHED. The MOU primarily focused on discussing the need for a more concurrent partnership between sectors to strengthen

the industry-academe linkages and produce globally competitive workers for Philippine industries. “The presentation of the survey is a crucial first step in translating its recommendations into actionable initiatives for the industry and address the gaps in the country’s human capital development, particularly in the following IT-BPM sectors: Animation, Game Development, Health-care Information Management, Software Development,” BOI said in a news statement issued on Monday. Launched in November 2021 and concluded in January this year, the survey specifically aims to map out the skills requirements of the IT-BPM sector and course offerings of universities. The BOI noted that such an initiative would help the industry stakeholders to consider the changes in the labor market brought about by the pandemic and the fast adoption of Fourth Industrial Revolution technologies. Ana Maria “Penny” S. Bongato, an HR practitioner for more than two decades in growing industries and the former Executive Director of Talent Development of the IT and Business Process Association of the Philippines (IBPAP), presented the

results of the survey. According to Bongato, the country’s IT-BPM industry is changing at a “very fast pace,” particularly during the pandemic, as people are working in the comfort and safety of their homes. In addition, the survey found out that some companies partner with the academe in terms of internship and curriculum development. However, smaller studios may not have the headcount (HR group) to dedicate to such partnership. “We have to work faster and together…companies must continue to intervene to prepare new hires for actual work to be done,” Bongato noted, “quality of talents needs to be addressed for us to be competitive.” The HR practitioner pointed out that deliberate efforts among different government agencies are crucial to working as one in developing surveys and programs that would help the various sectors. “Soft skills continue to be one of the main concerns of the sectors, which include the following: communication, work ethics, problemsolving, and critical thinking,” Bongato emphasized. The survey recommended that the education sector (basic and tertiary) should work hand in hand with the

industry on ways of improving the competencies of the students. It also suggested that there should be a review of the existing programs being implemented by various government agencies, namely: Bachelor of Science in Entertainment and Multimedia Computing for Animation and Game Development, BSBA and BS IT with specialization in Service Management, Nursing informatics subject submitted by the Health-care Information Management Association of the Philippines (HIMAP), Technical Education and Skills Development Authority (TESDA) and Department of Information and Communications Technology (DICT) programs. Deemed crucial to the IT-BPM industry, the Philippines Skills Framework (PSF) will shore up the development of more talents for the said industry. Bongato recommended that government agencies working with the sectors should have a consolidated effort so that more coordinated programs may be developed from planning to execution and review. The HR practitioner also stressed that streamlining government agencies’ efforts in working with the sectors will result in more coordinated

programs that may be developed from planning to execution and review and evaluation. Meanwhile, in addressing the skills gap in the IT-BPM industry, Director Cherrie Melanie AnchetaDiego of CHED pointed out that quality assurance should be the primary focus to strengthen such an industry. “The result of the survey will be a significant input for us,” the CHED official emphasized and “this is the spark of our continuing conversation.” On recommendations, the participants of the event agreed on the survey recommendations to conduct a comprehensive curriculum review and the realignment of existing ITrelated course offerings in schools. Another takeaway from the Trade and Industry Development Talks (TIDTalks) was the emboldened support to the academe through the development of policies, plans, and programs relevant to the IT-BPM industry. The industry stakeholder participants in the TIDTalks also agreed to push for coordinated programs for the upskilling and retooling of the IT-BPM work force as well as the strengthened local and international branding support for Filipino talents and their IT-related works.

Ex-PGMA endorses Romualdez Duterte mourns passing of UAE’s Sheikh Khalifa as Speaker of 19th Congress

ORMER President and returning Pampanga Second District Rep. Gloria Macapagal-Arroyo on Wednesday personally conveyed her support to House Majority Leader Rep. Martin G. Romualdez’s bid to be Speaker of the incoming 19th Congress. Macapagal-Arroyo and Romualdez met at a San Juan City restaurant to discuss challenges the Congress and the nation in general would face in the years ahead. In a news statement, Romualdez said he was counting on the former president’s advice in shepherding the House of Representatives.

Arroyo’s expression of support followed a similar pronouncement from incumbent Speaker Lord Allan Velasco. In an earlier statement, Arroyo said, “Majority Leader Martin Romualdez and I have been working together for decades in a joint effort to do our best to serve the Filipino people. Since 2010, our partnership involved our service as fellow members of the House of Representatives.” “I will be returning to the House on June 30, 2022. I would, therefore, like to advise the members of the Lakas-CMD that I am throwing my support for Majority Leader Martin

Romualdez to be elected as House Speaker in the next Congress. I urge all members of our party to do the same,” she said. Arroyo also served as House Speaker in the previous 17th Congress. Party-list lawmakers and neophyte House members from the National Unity Party, PDP-Laban, Lakas-CMD, Nacionalista Party, Nationalist People’s Coalition, Partido Federal ng Pilipinas, Laban ng Demokratikong Pilipino, Hugpong ng Pagbabago have endorsed Romualdez, of Leyte First District, to be their leader in the next Congress.

Jovee Marie N. Dela Cruz

Ople in ‘process of discernment’ on BBM offer to lead OFW dept

AYING she was “in a process of discernment and consultations” given the “enormity of the task and the challenges involved,” overseas Filipino workers (OFW) advocate and former labor undersecretary Susan Ople confirmed that presumptive President Ferdinand “Bongbong” R. Marcos Jr. had offered her the post of Secretary of the Department of Migrant Workers (DMW) during a meeting last May 14. The daughter of the late Foreign

Affairs Secretary Blas F. Ople, who served much earlier as one of Marcos Sr.’s labor secretary for many years, said she was extremely humbled and gratified by the offer. “We met last Friday, and it was a warm, and inspiring meeting. He [BBM] spoke about the need to get the new department up and running, and for it to care for our OFWs and also develop programs for their families especially the children of migrant workers,” Ople said. Joining Ople in the meeting at

the Marcos residence were former Labor Secretary Benny Laguesma, Congressman Anton Lagdameo and Atty. Vic Rodriguez. Laguesma was offered the position of Secretary of the Department of Labor and Employment (DOLE). “Given his kind offer for me to return to public service, I am now in a process of discernment and consultations—because I am aware of the enormity of the task and the challenges involved,” Ople, who runs the Blas F. Ople Policy Center, said.

RESIDENT Duterte has sent his condolences to the United Arab Emirates (UAE) government and its people following the demise of their leader President and His Highness Sheikh Khalifa bin Zayed Al Nahyan. “The President conveys the Filipino nation’s solidarity with the UAE in this period of great loss and bereavement,” Malacañang said in a brief statement. Duterte described Sheikh Khalifa as a “bold visionary whose leadership was crucial in the UAE’s sustained economic transformation and deeper engagement with the international community, including the Philippines.”

The Palace said Duterte’s sympathy message was personally conveyed to the UAE government, through Special Envoy Secretary Robert E. A. Borje. UAE state media announced the death of Sheikh Khalifa last week, prompting world leaders to express their condolences to the UAE for the loss of their head of their state. “The President said His Highness Sheikh Khalifa will long be remembered even beyond the UAE for his legacy of leadership, wisdom and benevolence,” Malacañang said. The Philippines maintains close ties with the UAE, which serves as one of the top destinations for overseas Filipino workers. Samuel P. Medenilla

Makati mayor: Subway project expected to be completed by ’25

AKATI City Mayor Abigail Binay on Wednesday said she is looking forward for the completion of the Makati IntraCity Subway project, which has been set for completion by 2025. “It [the subway line] will operate 18 hours a day, ferrying some 700,000 passengers daily,” Binay, fresh from her poll win in the May 9 elections, told the BusinessMirror. Once operational, she added, the subway project would help decrease around 270,000 vehicles on the road by 2048, “mitigating

Makati’s carbon dioxide emissions by 2.3 million tons.” The Makati Subway project, the first of its kind in the country, will be built at no cost to the city through a Public-Private Partnership agreement. From its construction phase to its full operation, the subway is projected to create 10,000 jobs for city residents. “It will also ease traffic congestion and pollution, improve mobility and increase productivity for all stakeholders,” the mayor said. Claudeth Mocon-Ciriaco

Former party-list solon lauds enactment of foundling law F OUNDLINGS are no longer regarded as stateless and are now entitled to access to government services with the recent signing of the foundling law, according to a former lawmaker. Former party-list Rep. Ronnie Ong issued the statement on Wednesday after President Duterte signed the law that finally gives proper recognition to foundlings, a term used for children who have been abandoned by their parents. Ong said that this would be his legacy for foundlings who have been long deprived of their rights

as Filipino citizens after his Ako’y Pilipino party-list did not make the cut to secure a seat in Congress in the May 9 elections. . Ong and Senator Grace Poe are the principal authors of the law. Aside from recognizing foundlings as natural-born Filipino citizens, RA 11767 also protects them from discriminatory acts and policies by providing penalties for any person, organization, or any juridical entity that deprives them of their rights as full-fledged Filipinos. With the passage of the law, abandoned children automatically acquire

status as Filipino citizens and are no longer required to prove their citizenship by showing proof that their parents are bonafide Filipino citizens. Foundlings found in the Philippines or Philippine embassies, consulates, and territories abroad shall be accorded rights and protection at the moment of their birth and be entitled to every available government program or service. The law also guarantees that a foundling, shall, as a matter of right, be entitled to every available government program or service, including registration, facilitation

of documents for adoption, education, legal and police protection, proper nourishment, and medical care for survival and development and admission to safe and secure child centers. The Department of Social Welfare and Development or its accredited child caring center or licensed and accredited Social Welfare and Development Agencies, concerned local government units, police authorities and the finder shall, at all times, consider the child’s best interest in all actions or support services provided for a foundling.

The law also provides for the streamlining of the registration process for a foundling regardless of age and circumstances and expedites the issuance of a birth certificate. They shall be also declared legally available for adoption if their biological parents cannot be identified and located, subject to existing laws, rules and regulations, and taking into consideration the best interest of the child. It also mandates finders of abandoned children to report within 48 hours of their discovery to local social welfare offices closest to them,

or any safe haven provider, such as a licensed child-caring agency, a church, or health and residential care facilities accredited or managed by the Department of Health, DSWD and local government units. It also calls for penalties against persons involved in acts inimical to the welfare of foundlings, particularly for falsification of the registration of the foundling; refusal or delay in the search or inquiry into the parentage or facts of birth of the foundling and failure to report that a foundling was relinquished within safe havens.

Jovee Marie N. Dela Cruz

A4 Thursday, May 19, 2022 • Editor: Vittorio V. Vitug

Economy BusinessMirror

Tampakan mining project to generate revenue in fight vs pandemic–MGB By Jonathan L. Mayuga @jonlmayuga

HE Tampakan Copper-Gold project in South Cotabato is expected to generate muchneeded government revenues that will boost the country’s coffers in the fight against the Covid-19 pandemic, an official of the Department of Environment and Natural Resources (DENR) said. Director Wilfredo Moncano of the DENR’s Mines and Geosciences Bureau (MGB) told the BusinessMirror that he is elated by the decision of the Sangguniang Panlalawigan (SP) of South Cotabato to amend the province’s Environmental Code, which effectively lifted open-pit mining ban and paved the way for the resumption of the $5.9-billion mining project. “I am happy that it turn out this way because the mining project will not only generate the much-needed economic activities, additional government revenues to fight the pandemic and help the economy recover, among other benefits,” he told the BusinessMirror in text message. Moncano said the resumption of the Tampakan project will also encourage other investors—both foreign and local —to invest in the country because the mining sector has the support of not only the national but also of the local government. On Tuesday, Moncano announced during the Executive Committee meeting of the DENR that members of the SP of South Cotabato have voted for the lifting of the ban.

Twice postponed, he said the votes lifting the ban would clear the only hurdle remaining in the realization of the development of one of the largest copper-gold reserves in Southeast Asia.

Legal compliance

“ALL the major requirements to legally support the mining operation had been complied with. The ECC [Environmental Clearance Certificate] has been reinstated, the Certification Precondition from the NCIP [National Commission on Indigenous Peoples] after a MOA [memorandum of agreement] was signed by the company and the IPs [indigenous peoples] were some of the issues that prevented its development and of course, the prior provincial ordinance ordering the ban,” he explained. However, Moncano said the resumption of the Tampakan project or even the lifting of the open-pit mining ban in South Cotabato does not mean that the environment will be sacrificed. “On the contrary, this will strengthen the resolve of the regulator, DENR-MGB, and the mining company as a proponent, to require the latter to invest in equipment and personnel to look after the mitigation of any adverse impact from the mining operation,” he said. According to Moncano, there are already existing modern technologies that can address the identified environmental impacts and the policy that requires mining companies to provide funds in all

stages of the mining operation necessary for environment protection and enhancement. “These are funds that were not required in the old law but now, this is strictly implemented. So, everyone is assured that what happened in the past will not happen in the future,” he assured.

Chamber lauds lifting of ban

THE lifting of the ban on open-pit mining in South Cotabato aligns the local government unit’s environment code with national laws on mining, which allow open-pit mining method of extracting minerals used by thousands of mining companies worldwide, the Chamber of Mines of the Philippines (COMP) said in a news statement. COMP, which represents big players in the country’s mining industry, said open-pit mines can be operated safely according to globally accepted standards and can be rehabilitated properly in a manner that provides alternative and productive land use after the life of the mine. “We laud this decision by the Sangguniang Panlalawigan of South Cotabato as it paves the way for the development of the Tampakan Copper-Gold project,” COMP Chairman Michael Toledo said.

Sustainable employment, better opportunities

ACCORDING to COMP, with the Tampakan project, better opportunities lie ahead in South Cotabato and other areas from big-ticket

mining projects. “Together with Silangan and Kingking—two other copper-gold projects in Mindanao—Tampakan would be a powerful vehicle to achieve a vibrant, multi-faceted local and regional economy that provides sustainable employment, business opportunities, and access to education, health, infrastructure, and other social development programs that will improve and enhance the quality of life of those living in these projects’ host and neighboring communities, including their children,” he added.

Bigger government revenues

ACCORDING to Toledo, when these projects go full swing, they can increase yearly national government revenues by P12 billion a year, local government revenues by P1.5 billion, exports by almost $2 billion and social expenditures by close to P800 million per year. COMP said that for Phase 1 or the first 10 years of Tampakan’s operations, national taxes are estimated to reach P68 billion; local taxes, P4 billion; royalty for indigenous peoples, P4.8 billion; Social Development and Management Program, P2.6 billion. “The Tampakan project will be an essential post-pandemic economic recovery tool whose actual and potential benefits far outweigh the potential negative impacts,” Toledo said. “We believe no other sector is likely to provide a more responsible and sustainable alternative.”

www.businessmirror.com.ph

Salceda to BBM admin: Raise R&D budget to 1% of GDP in next 5 yrs By Jovee Marie N. Dela Cruz @joveemarie

ITH its “practical impact on the economy and society,” the chairman of the House Committee on Ways and Means urged the incoming administration of presumptive President Ferdinand “Bongbong” R. Marcos Jr. to raise the research and development (R&D) sector budget to 1 percent of GDP over the next five years. Albay Rep. Joey Sarte Salceda issued the call during his acceptance speech for the Department of Science and Technology’s inaugural HEROES (House of Representatives Exponents of Responsive and Outstanding Engagement in Science) Award. Salceda is the first recipient of the agency’s highest recognition for legislators. “The 2022 research and development sector budget is 18 percent higher than it was in 2021. But we need to grow our R&D budget faster than that. It has to increase by 600 percent to get to a competitive level. In other words, the budget needs to compound by around 30 percent instead of 18 percent every year,” Salceda pointed out. “Given our current starting point, and assuming the next administration enacts the bill in its first year, by the end of its term, we can reach the 1 percent of GDP prescribed by UNESCO as the minimum R&D investment for a country to be competitive,” Salceda added.

Priorities

SALCEDA also called on the next administration to prioritize “three key policy areas” for science. “[W]e need to invest [on] heavy

research and development on three areas where we do not have adequate scientific exposure: agriculture to feed our people, mining and commodities to feed our industries and energy to feed our economy,” Salceda said. “On agriculture, the growth in agricultural output has to outpace the growth in population and income combined. That means agricultural output has to grow by around 9 percent every year for the country to stop bleeding money on imports,” Salceda added. On commodities, Salceda said, “we need to do much more to keep mining fiscally rewarding, commercially viable, and ecologically sustainable.” “Most of our metallic exports are still in ore form. That means value is added and created to our mineral products elsewhere. Our communities bear the brunt of the ecological damage, but the economic value is created elsewhere.” “[T]he DOST [Department of Science and Technology] must invest in mining and metallurgical technology to encourage the processing of much-needed minerals here,” Salceda added. Third, he said, the government needs to invest in energy independence, saying it has both economic and geopolitical consequences. Salceda particularly emphasized the need for nuclear energy, which may find a more receptive administration in a Marcos Jr. presidency.

P115-million facility

MEANWHILE, the groundbreaking ceremony for the country’s first region-based Science For Change facility to be run by the DOST was held on Wednesday in Legaspi City, Albay.

News BusinessMirror

www.businessmirror.com.ph

DOLE: Ilocos, Caraga, Cagayan boards OK minimum wage hike By Samuel P. Medenilla @sam_medenilla

HREE more regional wage boards granted a new round of minimum wage increases this week, according to the Department of Labor and Employment (DOLE). In a news conference, DOLE spokesperson Rolly Francia announced the Regional Tripartite Wages and Productivity BoardsRegion 1 (RTWPB-Region 1) issued Wage Order No. RB1-21 on Monday granting a P60 to P90 minimum wage increase in the Ilocos region, which will be implemented in three tranches. Once the wage order is fully implemented, the minimum wage rate in the region will range from P372 to P400 from P282 to P340 from the previous wage order. The RTWPB-Region 1 also issued Wage Order No. R B1DW-03 granting P500 and P1,500 monthly wage increases for domestic workers in cities and first-class municipalities and for other municipalities, respectively. On Tuesday, RTWPBs in Cagayan Valley, and Caraga also issued their new wage orders. RTWPB-Region 2 issued Wage Order No. RTWPB-02-21 granting wage increases ranging from P50 to P75 in two to three tranches. After the full implementation of the wage order, the new minimum wage rate in the region will range from P400 to P420 from P345 to P370 in the previous wage order.

Location-dependent increase

FOR its part, RTWPB-Region 13 issued Wage Order No. RXIII-17, which integrated P15 Cost of Living Allow-

ance (COLA) to the P305 basic salary under the previous wage order. It then granted a P30-wage increase bringing the new daily minimum wage rate in the region to P350. Butuan City and the provinces of Agusan del Norte, Agusan del Sur, and Surigao del Sur will immediately enjoy the P350 minimum wage rate upon the effectivity of the Wage Order No. RXIII-17. In the case of Dinagat Islands and Surigao del Norte, including Siargao Islands, the wage increase will be implemented in the following tranches: P20 upon the effectivity of the order; and P10 on September 1, 2022. Francia said the three wage orders were already submitted to the National Wages and Productivity Commission (NWPC) on Wednesday afternoon to undergo review.

Publication requirement

AFTER being cleared by the NWPC, the three concerned RTWPBs could publish their new wage orders. The said issuances will take effect 15 days after publication. The NWPC already completed the review of the new wage orders of the RTWPBs of the National Capital Region (NCR) and Western Visayas. Last week, the RTWPB-NCR approved a P33 minimum wage hike, while the RTWPB-Region 6 issued a wage order increasing the minimum wage rate in its jurisdiction by P55 to P110. The wage order for NCR will take effect on June 4, 2022, while the wage order for Western Visayas will take effect on June 5, 2022, according to Francia. Samuel P. Medenilla

DTI welcomes Palace EO on protections of MSMEs and franchising industry

HE Department of Trade and Industry (DTI) on Wednesday welcomed President Duterte’s issuance of Executive Order (EO) 169, which seeks to protect micro, small and medium enterprises (MSME) and the franchising industry. Trade Secretary Ramon M. Lopez said EO No. 169 titled “Strengthening the Franchising Industry for the Protection of Micro, Small and Medium Enterprises” underscores the need “to protect these MSME investors from opportunists and scams that take advantage of small entrepreneurs.” Signed on May 12, 2022, the also EO aims to strengthen the franchising industry to help businesses, especially MSMEs, by developing a transparent and business-friendly environment, and promoting fair and equitable practices. As the agency mandated to develop and implement policies on regulation of trade, industry and investments, the DTI specified the terms and conditions for franchise agreements. Among these are: name and description of the products or services under the franchise; specific rights granted to the MSME franchisee such as but not limited to the right to use the mark or any other intellectual property rights duly registered with the Intellectual Property Office of the Philippines. Further, the full disclosure of any pre-signing, initial or recurring fees, such as but not limited to, franchising fee, promotion fee, royalty fee or any related type of fee, which may be imposed on the MSME franchisee. In addition, the detailed responsibilities of the franchisor, which include the enumeration

of the types and particulars of assistance and the submission of the franchise agreement to the DTI; and the detailed responsibilities of the MSME franchisee; and the nondiscriminatory provisions. On top of these, other policies under the said regulation are: duration of the franchise, and the terms and conditions for renewal; effects of and grounds for pre-termination, termination or expiration of the franchise agreement. There is also a provision on “cooling off ” period, wherein the MSME is given the option to terminate the agreement. Another provision is on the mechanism for dispute resolution, which shall include a stipulation that parties may seek voluntary mediation under Republic Act No. 9285, or the Alternative Dispute Resolution Act of 2004 and remedies of the parties in case of any violation of the terms and conditions of the franchise agreement. The trade department clarified that franchisors may refer to the above-mentioned minimum terms and conditions as best practices that can be incorporated into their respective franchise agreements for non-MSMEs franchisees. Likewise, the DTI is in charge of creating an MSME Registry of Franchise Agreements. According to the EO, the trade department will prepare the implementing rules and regulations for the execution of the said order within 90 days. “As we enforce consumer protection, we also recognize the need to strengthen the promotion of fair and transparent franchise practices for the benefit and growth of our MSMEs,” the DTI chief said. Andrea San Juan

Thursday, May 19, 2022 A5

TaskUS eyeing to send back 70% of PHL employees to work onsite by end of July By Andrea San Juan

ASKUS Inc., a US-based provider of outsourced digital services and next-generation customer experience to fast growing tech companies, is eyeing to send back 70 percent of its Filipino employees to office by the end of July this year as it implements its return to office (RTO) arrangement “in phases.” In a news statement issued on Wednesday, TaskUs emphasized that although they are complying with government mandates regarding RTO arrangement, they still have to balance this “with prioritizing the needs and demands of our teammates and clients.” Hence, TaskUs noted that RTO is being done in phases. TaskUs Phoenix Ortigas Site Vice President Kris Mandap broke down into three categories the preference of their employees in terms of work set-up but also added that if they have to ask employees to return to office due to requirements, TaskUs needs to

give them some leeway in order to address their concerns. “50 percent are fine RTO-ing, and then there’s a good fraction of 10 to 15 percent that would say that ‘hey you know I can work onsite but I have concerns’ and then you have the rest of the population say ‘hey work from home works for me,’” said Mandap. “If we need to RTO people because of requirements, we give them 30 days so that we can also address some of those concerns that they have, like make sure that the site has the capacity,” he added. However, TaskUs also said that there has to be some adjustments in the work arrangement due to the nature of their work that usually involves collaboration among teams. “Due to the nature of our work, we will need to bring the majority of our work force back to our sites. Our sites are designed to foster collaboration and we believe that we work better when teams are together,” the statement read. Meanwhile, TaskUs stressed that

they are not rushing to RTO at full capacity as they “prioritize health and well-being.” The outsourcing company also highlighted that because of their strong commitment to their peoplefirst promise, they continue to bear the cost of a staggered RTO. Through the Philippine Economic Zone Authority’s (Peza) lens, however, Director General Charito Plaza noted in March that the ITBPOs invested during the pandemic for equipment and enabling their workers to do work from home (WFH) in a way that going back to 100 percent onsite should not be a drastic move. Plaza added that adopting WFH also has benefits in decongesting road traffic. At the House Ways and Means Committee hearing on Monday, Plaza also emphasized that Peza has been appealing to extend the work from home arrangement but they were denied because of the reason that the Philippine economy is now opening up. In March, several business process outsourcing (BPO) companies

emphasized that they are willing to forego their tax incentives rather than lose employees because of the RTO work requirement imposed by the government on locators. Previously, the Alliance of Call Center Workers (ACW), a newly formed group of over 1,500 BPO employees, disclosed that some workers were already planning to resign should they be mandated to return to office starting April 1. TaskUs serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, Fintech and HealthTech. As of March 31,2022, TaskUs had approximately 45,800 employees across 23 locations in 12 countries, including the United States, the Philippines and India. TaskUs is present in nine locations across the Philippines. Majority of TaskUs offices across the country are strategically located in non-Metro areas, including La Union, Bulacan, Bohol, Pampanga, Antipolo, and Batangas.

MMDA starts estero clean-up drive with onset of wet season By Claudeth Mocon-Ciriaco @claudethmc3

HE Metropolitan Manila Development Authority (MMDA) has started the clean up and dredging operations of Metro Manila’s waterways in preparation for the onset of the rainy season. In a radio interview on Wednesday, MMDA Chairman Romando Artes said that part of their preparations are: cleaning up of esteros; removing campaign materials to prevent it from blocking the drainage; rehabilitation of the pumping stations; and construction of new pumping stations under the Department of Public Works and Highways. To prevent the pumping stations from malfunctioning, Artes assured that necessary power and

FILE photo shows a floating backhoe of the Metropolitan Manila Development Authority (MMDA) during a clean up drive at one of the tributaries of Estero de Tripa de Gallina near Tramo Bridge, Aurora Avenue, Barangay 156 in Pasay City. The MMDA is set to conduct a similar clean up drive with the onset of the rainy season this year. NONIE REYES

fuel are in place. There are 30 pumping stations in the metropolis. Artes added that trash or garbage traps were installed to block garbage from entering and damaging the agency-manned pumping stations. “Pinapapalitan ang makina nito na parte ng rehabilitation sa ilalim ng World Bank project. [The machines of these pumping stations are being replaced as part of the rehabilitation under a World Bank project],” he added. Aside from the regular maintenance of the pumping stations, desilting and dredging of rivers are also regularly conducted by the MMDA to prevent flooding. Likewise, the MMDA chief appealed to the public to properly dispose of garbage, which usually causes flooding.

Cold chain industry seen to grow by 8% to 10% in next 5 years

HE Philippine cold chain industry could grow by about 8 percent to 10 percent a year over the next five years, according to the Cold Chain Association of the Philippines (CCAP). At an online event of the GermanPhilippine Chamber of Commerce and Industry on Tuesday, CCAP Chairman Anthony Dizon predicted the Philippines would see a continuing growth in the cold-chain industry in the short to medium term. However, with the recent economic fluctuations happening globally, Dizon said that a strategy has to be crafted for the development of external markets for Philippine products. Meanwhile, Dizon enumerated the primary factors that may affect the projected growth. These are demand gap identified in the National Cold Chain Industry

Road Map, the development of agribusiness sectors in outlying areas, evolving consumer preferences arising from the pandemic experience and the enforcement of RA 10611 or the National Food Safety Act. On the agribusiness sector, the CCAP chairman emphasized that Filipino voters should remember the campaign promises of candidates in the recently concluded elections since most of them placed the agribusiness sector on top of their respective priority agendas and platforms. “Our compatriots in the Philippines will remember that in the recently concluded election campaign, all different parties involved in the elections have proclaimed that part of their priority agenda would always include the development of agribusiness sectors in the outlying areas of the country,”

Dizon recalled. He also noted that there is an evolving consumer preference arising from the pandemic experience in the last two years. “Also in relation to exigencies of the pandemic experience, we are now expecting that there will be stricter enforcement of RA 10611 or the National Food Safety Act,” he added. On the potential effects of the global supply chain crisis, however, Dizon emphasized that there is a need to attain a certain level of self-sufficiency in agricultural production. He also recommended developing locally produced substitutes for imported materials. But in order to accomplish this, Dizon said, “this will require a concerted effort at establishing partnerships that will enable technology transfer and

product development.” Further, the CCAP chair said the industry also have to take into consideration the impact of what is locally referred to as the Mandanas ruling, which expands the fiscal capacity and the fiscal autonomy of local government units. “I have taken note of this precisely because we have already experienced past situations where national policies do not necessarily agree with the local policies of government units and this is something that we need to consider as we go along with our development plans,” said Dizon. On the CCAP’s ongoing/upcoming activities, Dizon said his group also has to focus on the cold chain industry’s collaboration with certain government agencies such as the Department of Trade and Industry and Department of Agriculture. Andrea E. San Juan

SHFC turns over CDO housing project for ISFs, typhoon survivors to DHSUD By Cai U. Ordinario @caiordinario

UNDREDS of informal settler families (ISFs) in Cagayan de Oro that include some survivors of typhoon “Sendong” in 2011 may finally receive their own homes, according to the Department of Human Settlements and Urban Development (DHSUD). DHSUD Secretary Eduardo Del Rosario, along with Social Housing Finance Corporation (SHFC) Presi-

dent Arnolfo Ricardo Cabling, recently turned over 10 medium-rise resettlement buildings intended for 240 ISFs in Cagayan de Oro. Located inside the 5-hectare Balubal Heights Subdivision Federation Inc. at Barangay Balubal, the resettlement project was jointly undertaken by SHFC and the Cagayan de Oro local government unit. “This is another testament of how the Duterte administration gives importance to its goal of providing decent, sustainable, yet

affordable homes to Filipinos, especially the underprivileged,” del Rosario stressed. “We at DHSUD and SHFC are fulfilling that vision to provide housing assistance to low-income families, as well as victims of calamities. And you can see the design of this project is truly of high standards that the beneficiaries can be proud of,” the housing czar added. The resettlement project can accommodate a total of 40 buildings that can house over 900 ISFs.

Other structures are now in various stages of completion. The housing projects in Cagayan de Oro City are the fourth to be rolled out by DHSUD and SHFC this year. Apart from the Cagayan de Oro project, del Rosario and Cabling inspected 2-story duplex type shelters, which are part of an ongoing project intended for victims of the Marawi 2017 siege and Sendong victims comprising the MuslimChristian Women’s Homeowners Association Inc.

BusinessMirror

Thursday, May 19, 2022

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

8 STONE BUSINESS OUTSOURCING OPC 5th-10th/f Tower 3, Pitx #1, Kennedy Road, Tambo, City Of Parañaque CHEW VOON WEI Customer Service Representative- Multilingual 1.

Brief Job Description: Opens customer accounts by recording account information; prepares product or service reports by collecting and analyzing customer information.

SIEW SWEE YEOW Customer Service Representative- Multilingual 2.

Brief Job Description: Opens customer accounts by recording account information; prepares product or service reports by collecting and analyzing customer information. ALTYNBEK UULU, DASTAN Mandarin Customer Service Representative

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

Brief Job Description: Interact with customer to provide information, support and problem resolution to inquiries and order status DOAN THI THUY VAN Mandarin Customer Service Representative

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

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

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

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

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

10.

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

11.

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

12.

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

13.

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

14.

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

15.

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

16.

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

17.

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

18.

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

19.

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

20.

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

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

Basic Qualification: Multilingual foreign nationals that can speak and write at least 2-3 languages (whether English, Bahasa, Korean and Chinese languages). Salary Range: Php 30,000 - Php 59,999

SHARMA, RUCHI Delivery Excellence Manager

21.

Basic Qualification: Multilingual foreign nationals that can speak and write at least 2-3 languages (whether English, Bahasa, Korean and Chinese languages). Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Provide a cluster leadership role, can lead their organization on a continuous journey of sustained improvement. Innovate with the client to drive value to both Accenture and client. Support & monitor operation to make it measurable, repeatable and predictable. Transform organization to create system and process for noise less deliver. Create client centric roadmap and transform organization to intelligent operation. Implement systems and processes that deliver improvement toward 100% conformance to customer requirements. Engaging upfront in solutioning & transitioning of deals to enforce rigor and day 1 stable.

Basic Qualification: Fluent in Mandarin both oral and written Salary Range: Php 30,000 - Php 59,999 LAMA, GAURI Service Delivery Ops Lead Manager

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

22.

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

Brief Job Description: Makes independent decisions, which have major day-today impact in area of responsibility, and may influence direction of other areas. Accountable for results of work to both Accenture and client. Responsible for mediumterm planning, objective setting, and development of new procedures within area of responsibility, through interpretative judgment of overall policies and goals. Contributes to policy setting at a senior level. Identifies, assesses and resolves complex business problems/ issues and provides alternative scenarios. Provides and implements business-focused solutions within time/cost constraints.

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

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

23.

24.

PHAN NHAT NGUYEN Investigation Specialist I 25.

26.

Brief Job Description: Communicates effectively via email and/or telephone in both Mandarin and English language, with our customer base - buyers, merchants and internal customers

SELVARASU, LAKSHMANAN Heavy Equipment Operator Specialist 27.

Brief Job Description: Responsible to operate company specific heavy equipment in a safe and efficient manner

ADMIN WIRTA DIYASA Heavy Equipment Operator Specialist 28.

Brief Job Description: Operating the company heavy equipment in a safe and efficient manner.

THAPA, BHOJRAJ Heavy Equipment Operator Specialist 29.

Basic Qualification: Fluent in Mandarin both oral and written

Brief Job Description: Operating the company heavy equipment in a safe and efficient manner.

TUIBUREE, SUTHEP Heavy Equipment Operator Specialist 30.

Basic Qualification: Fluent in Mandarin both oral and written

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

CAI, KUANKUAN Marketing Consultant 32.

Brief Job Description: Operating the company heavy equipment in a safe and efficient manner.

Brief Job Description: Handling public relations and coordinates with the marketing team for campaigns in relation to sale activities and social media marketing

31.

Brief Job Description: Immediately escalating serious complaints or issues that you are not equipped to deal with.

DOITSU TRADING LTD.CO 67 Marcelo Compound,, Gov Pascual Ave., Potrero, City Of Malabon

Basic Qualification: Skills and competence for the nature of the work Salary Range: Php 30,000 - Php 59,999

EASTERN GOLD CORPORATION 503, Nueva St., Barangay 289, Binondo, City Of Manila

CHEN, QIWEI Marketing And Sales Agent 33.

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

Basic Qualification: Can Contributes Information, Ideas, and Research to Help Develop Marketing Strategies; Can Help to Detail, Design, and Implement Marketing Plans for Each Product or Service Being Offered.

Basic Qualification: Proven track record of leading teams. Ability to motivate teams and rally the group toward organizational goals. Excellent oral and written communication skills. Requires analysis and solving of moderately complex problems. Power to influence or complete assignments independently and ability to make decisions Management reporting experience. Experience managing productivity-driven operation. Can demonstrate flexibility and agility to changing client needs. Accurate and efficient with very good organizational skills and ability to manage tasks simultaneously.

WANG, XINRU Marketing And Sales Agent 34.

Salary Range: Php 30,000 - Php 59,999 EASYTECH SUPPORT INC. 9-11/f, 14/f Capella Bldg., Asean Drive Filinvest, Alabang, City Of Muntinlupa

35.

36.

Basic Qualification: 18-55 y/o, with at least 6 months experience, with good oral and written Salary Range: Php 30,000 - Php 59,999

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

37.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluency in mandarin language Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Minimum 10 years relevant work experience in dry and wet sand fill in an International Dredging and Land Reclamation company

38.

Brief Job Description: Providing it assistance to staff and customers.

LIM YUEN MEI Bilingual It Support Specialist Brief Job Description: Providing it assistance to staff and customers.

OCTAVIA Bilingual It Support Specialist Brief Job Description: Providing it assistance to staff and customers.

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

39.

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

ZHAO, AILONG Customer Support Service 40.

Brief Job Description: Responsible for engaging with the customers on behalf of the company

41.

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

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

Basic Qualification: Ability to multi-task and Must know how to speak mandarin Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Excellent in foreign language.

Brief Job Description: Developing and implementing marketing plans.

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

FAREAST OUTSOURCE PROCESSING INC. 7th, 8th, 9th Flr. Nu Tower, Moa Coral Way, Barangay 76, Pasay City

42.

LE VAN HOA Customer Service Representative (CSR) Brief Job Description: Customer Service Representative (CSR)

Basic Qualification: High School Graduate in Chinese Curriculum; Can Speak and Write Fluent Chinese Mandarin; Can Operate Computer Mandarin Characters Salary Range: Php 30,000 - Php 59,999

43.

NGUYEN THI NGA Customer Service Representative (CSR) Brief Job Description: Customer Service Representative (CSR)

Basic Qualification: High School Graduate in Chinese Curriculum; Can Speak and Write Fluent Chinese Mandarin; Can Operate Computer Mandarin Characters Salary Range: Php 30,000 - Php 59,999

44.

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

Basic Qualification: Proficient in speaking, reading and writing in Vietnamese.

Basic Qualification: Excellent in reading, writing and speaking bilingual languages.

LIU, YANG Foreign Language Marketing Specialist

Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Minimum of 10-year experience in dry and wet sand fill in an international dredging and Land reclamation company.

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

ESTPOWER CONSULTANCY INC. Ub, 111 Paseo De Roxas Bldg., Paseo De Roxas, San Lorenzo, City Of Makati

Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Minimum of 10-year experience in dry and wet sand fill in an international dredging and Land reclamation company.

Basic Qualification: Excellent in reading, writing and speaking bilingual languages.

ENOVELL-TECH Unit 1105 One Park Drive, 9th Ave. Cor. 11th Drive, Fort Bonifacio, City Of Taguig

Salary Range: Php 90,000 - Php 149,999 Basic Qualification: Minimum of 10-year experience in dry and wet sand fill in an international dredging and Land reclamation company.

CHIA TZE YUNG Bilingual It Support Specialist

LI, QIUYU Mandarin Speaking Customer Service Representative

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

Basic Qualification: Fluency in mandarin language

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

PHAM NGOC CHUNG Customer Service Representative (CSR) Brief Job Description: Customer Service Representative (CSR)

Basic Qualification: High School Graduate in Chinese Curriculum; Can Speak and Write Fluent Chinese Mandarin; Can Operate Computer Mandarin Characters Salary Range: Php 30,000 - Php 59,999

DIGICHROM INC. Unit 2602 & 2603 26/f Pbcom Tower, 6795 Ayala Ave., Bel-air, City Of Makati DUONG TIEU LE Vietnamese Speaking Customer Service Representative

QUALIFICATION AND SALARY RANGE

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

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

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

Basic Qualification: Fluent in Mandarin both oral and written

Brief Job Description: Communicates effectively via email and/or telephone in both Vietnamese and English language, with our customer base - buyers, merchants and internal customers XIONG, JING Investigation Specialist I

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

Brief Job Description: Diagnosing equipment malfunctions and performing repairs.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

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

AMAZON OPERATION SERVICES PHILIPPINES, INC. B21 Three E-com Moa Complex, Harbour Drive Cor. Bay Shore, Brgy. 076, Pasay City

Basic Qualification: Fluent in Mandarin both oral and written

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

Brief Job Description: to analyze and design business processes in collaboration with stakeholders

FANG, BEN Mandarin Site Technical Officer

Basic Qualification: Fluent in Mandarin both oral and written

Basic Qualification: 12-15 Years Industry Experience. At Least 5-6 Years Driving Transformation. Must Have Done Multiple Projects on Driving Process Improvements, &change Management. Experience Is Heavy on Client Facing / Stakeholder Management. Hands on Experience in Driving Robotics Projects. Ability to Be to Influence; Someone Who Is a Driver; Analytical; Ability to Get Detailed Into Data. People Manager – Must Have Lead Teams Already. Black Belt / Master Black Belt Certified.

No.

ALLIANTPRIME SERVICES INC. Unit No. Unit 2c Flr. No. 4f, One Ecom Center Building, Ocean Drive St., Moa Complex Subd., Barangay 76, Pasay City

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

QUALIFICATION AND SALARY RANGE

AIRVENT MECHANICAL SYSTEM INC. Unit 4 9/f Ri-rance Corporate Center, Aseana City, Tambo, City Of Parañaque

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

ESTABLISHMENT / ADDRESS

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

YUAN, KE Multilingual Business Process Development Consultant

www.businessmirror.com.ph

45.

PHAM THI MY LINH Customer Service Representative (CSR) Brief Job Description: Customer Service Representative (CSR)

Basic Qualification: High School Graduate in Chinese Curriculum; Can Speak and Write Fluent Chinese Mandarin; Can Operate Computer Mandarin Characters Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

46.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

TRAN TRUNG THANH Customer Service Representative (CSR) Brief Job Description: Customer Service Representative (CSR)

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: High School Graduate in Chinese Curriculum; Can Speak and Write Fluent Chinese Mandarin; Can Operate Computer Mandarin Characters

No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION NGUYEN DANG HOANG Customer Service Representative

63.

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

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

47.

ZEFRI Customer Service Representative (CSR) Brief Job Description: Customer service representative

Basic Qualification: High School graduate in Chinese curriculum. Can speak and write fluent Chinese Mandarin. Can operate computer mandarin characters

NGUYEN DANG HONG NGOC Customer Service Representative 64.

Salary Range: Php 30,000 - Php 59,999 FIBERHOME PHILS., INC. U-19d 19/f Rufino Pacific Tower, 6784 Ayala Ave. Cor. V.a. Rufino St., San Lorenzo, City Of Makati ZHANG, LIXIN Project Manager 48.

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

Basic Qualification: Proven Experience as Project Manager, Excellent Communication, Interpersonal and Presentation Skills. Salary Range: Php 30,000 - Php 59,999

FIRST ADVANTAGE PHILIPPINES, INC. 7-8th Floor Kingston Tower, Acacia Avenue, Madrigal Business Park, Alabang, City Of Muntinlupa NIYOMPHON, KANOKWAN Operations Associate 49.

Brief Job Description: Responsible in conducting accurate individual verification of the details provided by the candidate with the respective source on a timely manner within the agreed service level agreement

NGUYEN DINH LINH Customer Service Representative 65.

66.

50.

51.

CHUONG VA KIT Call Center Agent Brief Job Description: Customer Service.

HOANG QUOC HUY Call Center Agent Brief Job Description: Customer Service.

AU BA DUY Customer Service Representative 52.

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

DANG TRAN THANH NGAN Customer Service Representative 53.

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

HO HOANG VAN Customer Service Representative 54.

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

HO VAN NGOC Customer Service Representative 55.

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

HOANG THI Y NHI Customer Service Representative 56.

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

HOANG TRUNG THONG Customer Service Representative 57.

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

LE MINH THAN Customer Service Representative 58.

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

LE THI HUE Customer Service Representative 59.

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

LE VAN HUNG Customer Service Representative 60.

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

LY THI HUONG Customer Service Representative 61.

62.

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

NANG MO NON Customer Service Representative Brief Job Description: Customer Service.

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

67.

68.

Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English Salary Range: Php 30,000 - Php 59,999

69.

70.

71.

72.

73.

74.

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

PHAM HOAI Y Customer Service Representative 75.

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

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

PHAM THANH NHI Customer Service Representative 76.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with customer service or sales experience, fluent in mandarin and basic English.

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

NGUYEN VAN VIET Customer Service Representative

Basic Qualification: College graduate, preferably with customer service or sales experience, fluent in mandarin and basic English.

Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English.

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

NGUYEN VAN TINH Customer Service Representative

Basic Qualification: College graduate level, preferably with Customer Service or Sales experience, fluent in Mandarin and Basic English Salary Range: Php 30,000 - Php 59,999

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

NGUYEN VAN NAM Customer Service Representative

Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English Salary Range: Php 30,000 - Php 59,999

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

NGUYEN TOAN PHUC Customer Service Representative

Basic Qualification: College graduate level, preferably with Customer Service or Sales experience, fluent in Mandarin and Basic English Salary Range: Php 30,000 - Php 59,999

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

NGUYEN THI THUY TIEN Customer Service Representative

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

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

NGUYEN THI KIM VAN Customer Service Representative

Basic Qualification: College graduate, preferably with customer service or sales experience, fluent in mandarin and basic English. Salary Range: Php 30,000 - Php 59,999

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

NGUYEN THI KIM NGAN Customer Service Representative

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

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

NGUYEN QUOC DUNG Customer Service Representative

FLYING DRAGON NETWORK PHILIPPINES INC. Ri Rance Ii Bldg., Block 2 Lot 3 Aseana City, Tambo, City Of Parañaque Basic Qualification: College Graduate/Level and Fluent in Mandarin/Basic English.

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

NGUYEN DUONG THUY VY Customer Service Representative

Basic Qualification: N/A Salary Range: Php 60,000 - Php 89,999

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

PHAM THI MINH HUONG Customer Service Representative 77.

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate level, preferably with Customer Service or Sales experience, fluent in Mandarin and Basic English

PHU THI NGA Customer Service Representative 78.

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

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

SURIANTO Customer Service Representative 79.

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

Thursday, May 19, 2022

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: College graduate level, preferably with Customer Service or Sales experience, fluent in Mandarin and Basic English

No.

TA THANH THAI Customer Service Representative 80.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English

81.

82.

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

TRAN VAN TU Customer Service Representative 83.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with customer service or sales experience, fluent in mandarin and basic English.

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

TRAN QUOC THONG Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English

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

TRAN MANH HUNG Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

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

TRINH TIEN DAT Customer Service Representative 84.

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate level, preferably with Customer Service or Sales experience, fluent in Mandarin and Basic English Salary Range: Php 30,000 - Php 59,999

VINCENT TJHIE Customer Service Representative 85.

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

QUALIFICATION AND SALARY RANGE Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with customer service or sales experience, fluent in mandarin and basic English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with customer service or sales experience, fluent in mandarin and basic English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with customer service or sales experience, fluent in mandarin and basic English. Salary Range: Php 30,000 - Php 59,999

FLYING FUTURE SERVICES INC. 3/f Salcedo One Center, 170 Salcedo St., San Lorenzo, City Of Makati WILSON THNEAH KHANG HSIEN Mandarin Accounts Staff 86.

Brief Job Description: Coordinate with account managers and sales executives to achieve sales and ensure clients satisfaction

Basic Qualification: Can speak mandarin Salary Range: Php 30,000 - Php 59,999

FRIEDRICH-NAUMANN-STIFTUNG U405-10 La Fuerza Plaza, 2 2241 Don Chino Roces Ave., Bangkal, City Of Makati

Basic Qualification: College graduate level, preferably with Customer Service or Sales experience, fluent in Mandarin and Basic English

87.

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

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

Basic Qualification: College graduate, preferably with customer service or sales experience, fluent in mandarin and basic English.

ZISTEL, REBECCA MARIA Resident Agent Brief Job Description: Represent & act on behalf of the foundation, receive summons & other legal process

NGUYEN CHAU HUYNH NHU Vietnamese Customer Service Representative

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

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

Basic Qualification: College graduate, preferably with customer service or sales experience, fluent in mandarin and basic English.

VO CHAU QUYNH NHI Vietnamese Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate level, preferably with Customer Service or Sales experience, fluent in Mandarin and Basic English

88.

89.

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

Basic Qualification: Appointed by the head office Salary Range: Php 500,000 and above

Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999

GENPACT SERVICES LLC 5f Genpact Bldg., Cyberzone Northgate, Alabang, City Of Muntinlupa

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

VISHESH RAJ Senior Manager - Recruitment

Basic Qualification: Recruitment experience of the BPO industry and local markets to suggest and build appropriate sourcing strategies to attract high caliber candidates.

Basic Qualification: College graduate, preferably with customer service or sales experience, fluent in mandarin and basic English.

90.

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

GETWONDERS CORPORATION Unit 02 And 04 4th Floor Rockwell Business Center, Tower 3, Ortigas Ave., Ugong, City Of Pasig TANG CHING HUEI Client Success Specialist

Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English

91.

Brief Job Description: “As the Client Success Specialist, you will be responsible for: • handling inbound restaurant take-out orders in Mandarin and English; • handling escalated customer interactions in a call center with the goal of giving excellent service and customer satisfaction, ensure customer retention, and increase business for our clients; • working with other co-workers to meet the needs of the company and clients; • providing technical support to clients; • being the subject matter expert and point of escalation to trainees & production agents; • handling clients; and, • such other tasks as may be given by the employer analogous to the foregoing.

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

Basic Qualification: “• Bachelor’s degree / High School Diploma • Experience in Customer Service preferred • Proficient in Mandarin Language (simplified Chinese) Speaking, Reading, and Typing • Good English Communication Skills • Fresh graduates or applicants without work experience are welcome to apply” Salary Range: Php 60,000 - Php 89,999

GLOBALLGA BUSINESS PROCESS OUTSOURCING, OPC Ground Level, Level 2-5 Floor, Silver City 4, Ortigas East, Ugong, City Of Pasig GAO, YUQIANG Customer Service Representative Mandarin Speaking 92.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate Level, preferably with Customer Service or sales experience, fluent in Mandarin and basic English

Brief Job Description: Deep understanding of the BPO industry and local markets to suggest and build appropriate sourcing strategies to attract high caliber candidates.

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

ZHANG, BIN Customer Service Representative Mandarin Speaking 93.

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

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

GUANGXI HYDRO ELECTRIC CONSTRUCTION BUREAU (GHCB PHILIPPINES CORPORATION) #58, Road 1, Project 6, Quezon City XIE, DONGYUAN Mandarin Construction Operations Specialist 94.

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

Basic Qualification: Proven experience as mandarin construction operations specialist, excellent communication, interpersonal and presentation skills. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

Thursday, May 19, 2022

A6 A8

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION DU, QINGLONG Mandarin Field Service Coordinator

95.

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

WANG, JIANHONG Mandarin Head Operation Project Supervisor 96.

Brief Job Description: The mandarin head operation project supervisor will be a strategist and a leader able to steer the company to the most profitable direction while also implementing its vision, mission and long term goals. ZHANG, SUZHAN Mandarin Mechanical And Electrical Maintenance Supervisor

97.

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

98.

Brief Job Description: The mandarin mechanical superintendent will be a strategist and a leader able to steer the company to the most profitable direction while also implementing its vision, mission and long term goals. WANG, CHAOBING Mandarin Project Supervisor

99.

Brief Job Description: The mandarin project supervisor will be a strategist and a leader able to steer the company to the most profitable direction while also implementing its vision, mission and long term goals. YANG, ZAIJIANG Mandarin Structural Maintenance Supervisor

100.

ESTABLISHMENT / ADDRESS

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

QUALIFICATION AND SALARY RANGE Basic Qualification: Proven Experience as Mandarin Field Service Coordinator, Excellent Communication, Interpersonal and Presentation Skills. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proven Experience as Mandarin Head Operation Project Supervisor, Excellent Communication, Interpersonal and Presentation Skills.

101.

Brief Job Description: Maintains knowledge of trends, best practices, regulatory changes, and new technologies in human resources, talent management, and employment law.

109.

110.

111.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proven Experience as Mandarin Mechanical and Electrical Supervisor, Excellent Communication, Interpersonal and Presentation Skills. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proven experience as mandarin mechanical superintendent, excellent communication, interpersonal and presentation skills. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proven Experience as Mandarin Project Supervisor, Excellent Communication, Interpersonal and Presentation Skills. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proven Experience as Mandarin Structural Maintenance Supervisor, Excellent Communication, Interpersonal and Presentation Skills. Salary Range: Php 30,000 - Php 59,999

HITEX CENTRE CORPORATION 12/f Robinsons Summit Center, 6783 Ayala Ave., Bel-air, City Of Makati WANG, LU Mandarin HR Officer

No.

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

112.

113.

114.

115.

116.

117.

118.

119.

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

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

TAN YONG FON Finance Specialist For Carrier Network Business Group 102.

Brief Job Description: 1. Responsible in a Project Financial Operation management of a major sales and delivery of Carrier Network business projects. 2. Administer and prepare project-based budget according to Company’s standard and original bidding estimation

Basic Qualification: 1. Must have Project Management skills such as scheduling and time management, negotiation skills and critical thinking and problem-solving skills. 2. With Financial Management skills including financial modelling, budgeting, and analysis skills. 3. Must have Bachelor’s Degree in Finance, Accounting or Management. 4. Highly proficient in Chinese and English language Salary Range: Php 90,000 - Php 149,999

HUANG, XIAOLEI Human Resource (HR) Business Partner For Carrier Network Business Group 103.

Brief Job Description: 1. Act as Human Resource (HR) Business Partner of the Carrier Network Business group of Huawei Philippines. 2. Conduct training for local employees, guide employee to develop Specific, Measurable, Attainable, Relevant, and Time Specific goals.

Basic Qualification: 1. Must have specialization in Human Resources management with relevant skills. 2. With strong background in talent management. 3. Must have Bachelor’s Degree in Process Equipment and Control Engineering or other related courses. 4. Highly proficient in Chinese and English language.

120.

121.

122.

123.

124.

Salary Range: Php 90,000 - Php 149,999 ICTSI LTD. - ROHQ Ictsi Bldg., South Access Rd Mict Cmplx, North Harbor, Barangay 83, Tondo I/ii, City Of Manila SCANNAVINI, NICOLO Global Commercial Senior Advisor 104.

Brief Job Description: Ensure the development, implementation and management of commercial infrastructure tools and aligned with basic commercial standards

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

126.

JIU ZHOU TECHNOLOGIES INTERNATIONAL, INC. 31/f Tower 6789, 6789 Ayala Avenue, San Lorenzo, City Of Makati TAN JOO CHUAN Malaysian Customer Service Representative 105.

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

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

106.

Brief Job Description: Lead and direct the operations of Marubeni Corporation Manila Branch

107.

Brief Job Description: Acknowledging and resolving customer complaints

128.

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

MIGHTY-MERCHANT BUSINESS TRADING INCORPORATED Unit 2505- E The Finance Centre, 26th St., Bonifacio Global City, Fort Bonifacio, City Of Taguig HUANG, TIANCHENG Mandarin Customer Service Representative

127.

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

MARUBENI CORPORATION 8/f L.v Locsin Bldg., Ayala Cor. Makati Aves., San Lorenzo, City Of Makati KURATA, SHIGEHIKO General Manager

125.

129.

Basic Qualification: Proficient in Speaking, Reading and Writing in Mandarin Salary Range: Php 30,000 - Php 59,999

130.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION LAE LAE PHYU Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries. NAW NWAY NWAY THU Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries. POE WINT ZAR Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires SAI HLA MYINT TUN HLAING Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires SEIN LIN Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires SHI NGAOW LAIN @ NAUNT NAUNT Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires SHWE YEE WIN THANT Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires THEIN HTIKE SOE Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries YE MIN KHAING Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries YIN SANDAR HTET Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries ZULY HTET Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries BUI THANH NGA Call Center Agent Brief Job Description: Customer service

DAHLIA BUN Call Center Agent Brief Job Description: Customer service

DINH XUAN HUY Call Center Agent Brief Job Description: Customer service

DINH XUAN THUC Call Center Agent Brief Job Description: Customer service

GUO, FEI Call Center Agent Brief Job Description: Customer service

HII RUO YUM Call Center Agent Brief Job Description: Customer service

JI, QINGFU Call Center Agent Brief Job Description: Customer service.

JIANG, HAIFENG Call Center Agent Brief Job Description: Customer service

LI, JUNLONG Call Center Agent Brief Job Description: Customer service.

MIN, ZHAOGANG Call Center Agent Brief Job Description: Customer service.

MIOW KAH CHUNG Call Center Agent Brief Job Description: Customer service

MOA CLOUDZONE CORP. 4th-11th Flr. Nexgen Tower, C4 Rd. Edsa Ext., Barangay 76, Pasay City

108.

AUNG HEIN WIN Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries.

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

131.

NGUYEN THUY PHUONG Call Center Agent Brief Job Description: Customer service

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Able to speak, Read, and Write Chinese language. Salary Range: Php 30,000 - Php 59,999

No.

132.

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

133.

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

134.

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

135.

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

136.

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

137.

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

138.

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

139.

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

140.

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

141.

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

142.

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

143.

144.

145.

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

146.

147.

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

148.

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

149.

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

150.

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

151.

152.

153.

154.

155.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION SUN, YU Call Center Agent Brief Job Description: Customer service.

ZHAO, HONGBO Call Center Agent Brief Job Description: Customer service. CHEN, HAIBIN Chinese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries. WANG, XING Chinese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries YE, KAIYUN Chinese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries XIAO, WENYU Customer Service Representative Brief Job Description: Customer service

ZOU, BOKUN Customer Service Representative Brief Job Description: Customer service

ZOU, RUN Customer Service Representative Brief Job Description: Customer service SHERLEY YEO Indonesian Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires SUTIANTO Indonesian Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries VOON JOON HUI Malaysian Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries DUONG VAN HOAN Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries. LUONG DINH HIEU Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries. NGUYEN DUC VIEN Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries. NGUYEN THI HUE Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries. NGUYEN VAN CHUNG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries. NONG THIEM LINH Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries NONG VAN LUC Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries PHAM QUANG HUY Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires PHAM QUOC TRI Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires PHAM THI HOAI THU Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires PHAN TRONG LOC Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TANG MY THUY Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TRAN DUC MINH Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

QUALIFICATION AND SALARY RANGE Basic Qualification: College Graduate/Level and Fluent in Mandarin/Basic English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/Basic English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read and write Chinese language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin / basic English Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to Speak, Read, and Write Chinese Language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read and write Chinese language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read and write Chinese language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to Speak, Read, and Write Chinese Language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to Speak, Read, and Write Chinese Language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to Speak, Read, and Write Chinese Language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read and write Chinese language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read and write Chinese language Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

156.

157.

158.

159.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION TRAN THI THU HA Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TRAN THI VIET Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries VUONG ANH DAO Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries VY THI CUC Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

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

160.

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

Basic Qualification: Able to speak, Read, and Write Chinese language

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

161.

Brief Job Description: To respond to customers concerns on site and supply solutions to their concerns.

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

Basic Qualification: Graduate 4 years bachelor degree with critical thinking and problem solving skills. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in speaking, reading and writing in chinese.

162.

Brief Job Description: Monitor and maintain computer systems and networks.

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

NOCMAKATI, INC. 8,9,10,11,12,14,15,16,17,18 & 19 Floors, Century Diamond Center, Poblacion, City Of Makati JIANG, YIHONG Chinese Customer Service Representative 163.

Brief Job Description: Managing calls and customer services inquiries; identifying and assessing customer’s needs. XU, XINYUAN Chinese Customer Service Representative

164.

165.

166.

167.

168.

169.

170.

Brief Job Description: Managing calls and customer services inquiries; identifying and assessing customer’s needs.

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

HWANG, BYEONGCHEOL Korean Customer Service Representative

Basic Qualification: Fluent in Korean and English

Brief Job Description: Managing calls and customer services

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

KIM, JIWON Korean Customer Service Representative

Basic Qualification: Fluent in Korean and English.

Brief Job Description: Managing calls and customer services.

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

KIM, JUNSUNG Korean Customer Service Representative

Basic Qualification: Fluent in Korean and English.

Brief Job Description: Managing calls and customer services.

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

KIM, JUNYOUNG Korean Customer Service Representative

Basic Qualification: Fluent in Korean and English.

Brief Job Description: Managing calls and customer services.

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

CHOO GIM HWEE Malaysian Customer Service Representative

Basic Qualification: Fluent in Malaysian and English

Brief Job Description: Managing calls and customer services inquiries; identifying and assessing customer’s needs.

Brief Job Description: Managing calls and customer services inquiries; identifying and assessing customer’s needs. LUONG THI PHUONG Vietnamese Customer Service Representative

173.

174.

Brief Job Description: Managing calls and customer services inquiries; identifying and assessing customer’s needs. NGUYEN DAC MINH KHOI Vietnamese Customer Service Representative Brief Job Description: Managing calls and customer services NGUYEN NHAT HOANG Vietnamese Customer Service Representative

175.

176.

177.

178.

Brief Job Description: Managing calls and customer services inquiries; identifying and assessing customer’s needs. NGUYEN THI DUNG Vietnamese Customer Service Representative Brief Job Description: Managing calls and customer services NGUYEN THI KIM HUONG Vietnamese Customer Service Representative Brief Job Description: Managing calls and customer services NGUYEN VAN LINH Vietnamese Customer Service Representative Brief Job Description: Managing calls and customer services PHAM NGUYEN TRUONG THANH Vietnamese Customer Service Representative

179.

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

Brief Job Description: Managing calls and customer services inquiries; identifying and assessing customer’s needs.

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

183.

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

184.

Basic Qualification: Fluent in Vietnamese and English

185.

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

196.

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

Basic Qualification: Preferably with 6months - 1year experience with customer service representative

197.

Brief Job Description: Maintain accurate sales record

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

Basic Qualification: Ability to communicate effectively in Mandarin and basic English, both verbally and in writing. Must have an experience in shipments of goods, tariff coding system or any similar field. Strong knowledge of China and Philippine Customs Regulations and Tariffs

RL PROPERTY MANAGEMENT, INC. 11/f Robinson’s Cyberscape Alpha, Garnet & Sapphire Roads, Ortigas Center, San Antonio, City Of Pasig

186.

Brief Job Description: Provides professional advice and source of information for the strategic business of a full-service and supports the leadership

Basic Qualification: At least 12 years of experience in the management operations, sales and mrktg. or other related professional areas

198.

187.

Brief Job Description: Lead in operating Schenker Global Business Services (SGBS) Service Center in compliance with the legal requirements and achieving Strategic, Financial, Operational as well as other goals of the SGBS organization.

Basic Qualification: Master Degree, B2 English Level, Management and Executives career level, more than 10 years of experience, Administrative and HR Management. Salary Range: Php 500,000 and above

SHIMIZU CORPORATION 5/f King’s Court Bldg. 1, 2129 Chino Roces Ave., San Lorenzo, City Of Makati MATSUMOTO, TAKAYUKI General Manager 188.

Brief Job Description: Oversee day to day operation, assigning weekly performance goals and assuring their completion, etc.

Basic Qualification: With knowledge and experience in overseeing and monitoring of operation and financial performance.

199.

200.

189.

Brief Job Description: Administer and implement Japanese Inventory Management Program. Directly communicate and coordinate with Japanese clients regarding logistic services

201.

202.

190.

Brief Job Description: Provides expedient and accurate customer service to French speaking clients and customers. Addresses French customer concerns, queries, issues, complaints and/or places sales orders and product information requests. Prepares reports by accessing account database, analyzing the information contained and providing useful accurate and appropriate data

Basic Qualification: Candidate must possess at least a Vocational Diploma in any field, Must be fluent in both written and verbal French and English language, At least 1 year of working experience as a BPO Professional, preferably with experience supporting a Bilingual Queue

LACOMMARE, STEPHEN JOSEPH Working Director 191.

Brief Job Description: Responsible for the overall smooth professional and profitable operation

Basic Qualification: Has engaged in the business of music recording, audio editing, and sound design Salary Range: Php 150,000 - Php 499,999

THINK SUPPORT SERVICES, INC. ( DBC PHILIPPINES ) Lower & Upper Penthouse, Bank Of Makati Bldg., Bel-air, City Of Makati BURGER, DEAN Client Services Agent 192.

Brief Job Description: Proactively supporting and servicing our customers with their conveyancing need LYTHGOE, MARTIN Client Services Agent

193.

Brief Job Description: Proactively supporting and servicing our customers with their conveyancing need

Basic Qualification: Fluent in CRM and associated contact centre software, etc. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in CRM and associated contact centre software, etc Salary Range: Php 60,000 - Php 89,999

TIAN XIA TECHNOLOGIES INTERNATIONAL, INC. Bldg. B Filinvest Cyberzone 6, Bay City, Barangay 76, Pasay City CHANG, CHING-CHING a.k.a. LYNN Chinese Marketing Specialist 194.

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends. CHEN, HSIAO-TING Chinese Marketing Specialist

195.

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends.

203.

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends.

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends. LIN, YI-JUI Chinese Marketing Specialist

204.

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends. PANG, YU-LAN Chinese Marketing Specialist

205.

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends. YEH, CHIEN-YU Chinese Marketing Specialist

206.

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends.

Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999

TOSUNG CONST. PHP INC. Unit No. 701 Flr. No. 7/f Diplomat Condominium Bldg., Roxas Blvd. Cor. Russel St., Zone 10, Barangay 76, Pasay City

JEONG, HAIIL Consultant Brief Job Description: Plan, oversee and document all aspect of the Design and build for the Construction of roads ad Bridge Project. Coordinate internal resources for the execution of the project. Develop a detailed project plan to track progress

Basic Qualification: 5 Year Experience in infrastructure projects to construct roads and bridges. Extensive experience and superior construction abilities. Technical skills using the latest equipment and construction method. Must be able to speak Korean language. Equipment and construction method. Must be able to speak Korean language. Salary Range: Php 60,000 - Php 89,999

WISHLAND SOFTWARE TECHNOLOGY INC. 28/f Techzone Condo Corp., 213 Buendia Ave., San Antonio, City Of Makati

208.

209.

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

THE MANGO GROUP INC . DOING BUSINESS UNDER THE NAME AND STYLE OF MANGO ROOM STUDIOS 18g,, San Martin St.,, Kapitolyo, City Of Pasig

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends.

HUNG, CHING-HUA Chinese Marketing Specialist

Basic Qualification: Fluent in Japanese and English, university graduate, logistic experience at least 5 years Salary Range: Php 90,000 - Php 149,999

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends.

HUANG, YU-FEI a.k.a. JOYCE HUANG Chinese Marketing Specialist

207.

TELUS INTERNATIONAL PHILIPPINES, INC. Units 23/f, 31st/f - 37th/f Discovery Centre, Adb Avenue, Ortigas Center, San Antonio, City Of Pasig JENEDY RIZKY MAWU Bahasa Indo Operations CSR LI

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends.

HUANG, YU-CHEN Chinese Marketing Specialist

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

SUZUYO WHITELANDS LOGISTICS INC. 7433, Yakal, San Antonio, City Of Makati KIGUCHI, TAKASHI Advisor

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends. GAO, YU-HAN Chinese Marketing Specialist

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

SCHENKER MANILA ADMINISTRATIVE COMPETENCE CENTER, INC. 21st Floor, Cyber Sigma Building, Old Lawton Ave,, Mckinley West ,, Fort Bonifacio, City Of Taguig MOHAMMED, SHIZAN MOINUDDIN President & Managing Director

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends.

HUANG, YI-HSUAN Chinese Marketing Specialist Basic Qualification: Can speak mandarin

JOLLY, BARUN Hotel Consultant

Brief Job Description: Conduct market research to find answers about consumer requirement, habit and trends.

CHIANG, WEI-EN a.k.a. CHIANG, PEI-HSUAN Chinese Marketing Specialist

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

BAO, JIAJUN Mandarin Operations Specialist

Brief Job Description: Chinese Cargo Office Agent facilitate shipments of goods through shipping, and trucking terminals and docks station in China and Philippines

QUALIFICATION AND SALARY RANGE

CHEN, YU-HSIN Chinese Marketing Specialist

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION CHEN, YI-TING Chinese Marketing Specialist

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

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

Brief Job Description: Deal with all customer queries / complaints should be fluent in Vietnamese & English speaking

WU, HAIBO Chinese Cargo Office Agent

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

Brief Job Description: Managing calls and customer services

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

PANPHIL MARINE SERVICES CORP. 2626 Maytubig St., Corner P. Ocampo St., 078, Barangay 719, Malate, City Of Manila

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

UNG COT VA Vietnamese Customer Service Representative

Basic Qualification: Fluent in Vietnamese and English

No.

OCEANIC SYMPHONY SERVICES INC. 3/f Salcedo One Center, 170 Salcedo St., San Lorenzo, City Of Makati

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

Brief Job Description: Managing calls and customer services inquiries; identifying and assessing customer’s needs.

PHAM NGOC ANH Vietnamese Speaking Customer Service Representative

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

Brief Job Description: Managing calls and customer services

QUALIFICATION AND SALARY RANGE

NOVATECH (PASAY) LIMITED, INC. 4th Flr. W Mall Bldg., Diosdado Macapagal Ave. St., Zone 10, Barangay 76, Pasay City

Basic Qualification: Fluently speaking in Mandarin and English.

Brief Job Description: Managing calls and customer services

LE THI HANG Vietnamese Customer Service Representative 172.

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

Basic Qualification: Fluent in Korean and English

HO THI HOAI DIEM Vietnamese Customer Service Representative 171.

Basic Qualification: Fluently speaking in Mandarin and English.

BAN, SEUNG WOO Korean Customer Service Representative

Brief Job Description: Managing calls and customer services

182.

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

NEWBAY INTERNATIONAL TECHNOLOGY INC. 2/f Mezzanine Tower 1, The Enterprise Center, 6766 Ayala Ave. Cor. Paseo De Roxas, Bel-air, City Of Makati LIN, KANG Mandarin Technical Support

181.

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

PHAM TRAN THANH HA Vietnamese Customer Service Representative

ESTABLISHMENT / ADDRESS

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

THAI TRAN HAO Vietnamese Customer Service Representative

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

NEW WEATHER FORCES GROUP INC. 26/f The Enterprise Center Tower 2, 6766 Ayala Ave., San Lorenzo, City Of Makati HUANG, CHI-TING Chinese Customer Service Representative

180.

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

MPOTECH DIGITAL SYSTEM INC. 2/f 331 Bldg., Sen. Gil Puyat Ave., Bel-air, City Of Makati NURUL ILKA Indonesian Customer Service Representative

No.

Thursday, May 19, 2022

Basic Qualification: Proficient in Speaking, Reading and Writing in Vietnamese

LIU MUNG PHAT Vietnamese Language-customer Service Staff Brief Job Description: Deal with and help resolve customer complaints

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Speaking, Reading and Writing in Vietnamese

TONG LU NAM Vietnamese Language-customer Service Staff Brief Job Description: Deal with and help resolve customer complaints

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

XUSHENG TECHNOLOGY CORP. Flr. No. 1-5 Bldg., No. 0050 F.b. Harrison St. Cor. Williams And Roberts St. Zone 4, District 1, Barangay 13, Pasay City LIEW TONG KIAN Bilingual Customer Service Representative 210.

Brief Job Description: Build strong and lasting relationship with customer and provide excellent customer service experience

Basic Qualification: Excellent in Bilingual Languages Speaking Salary Range: Php 30,000 - Php 59,999

ZTE PHILIPPINES INC. Unit 29 Fort Legend Towers, 3rd Ave. Corner 31st St., Fort Bonifacio, City Of Taguig

211.

YAN, JIKAI Marketing Manager

Basic Qualification: College Graduate

Brief Job Description: Responsible for the overall fixed network product

Salary Range: Php 30,000 - Php 59,999 *Date Generated: May 18, 2022

In the ad material of Notice of Filing of Application for Alien Employment Permits published on May 12, 2022, the name ALEX TAN ZHY YEUAN under MOA CLOUDZONE CORP., should have been read as ALEX TAN ZYH YEUAN and not as published.

Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese.

Any person in the Philippines who is competent, able and willing to perform the services for which the foreign national is desired may file an objection at DOLE National Capital Region located at DOLE-NCR Building, 967 Maligaya St., Malate Manila, within 30 days after this publication.

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

Please inform DOLE National Capital Region if you have any information on criminal offense committed by the foreign nationals.

Basic Qualification: At least 19 year old. Ability to speak write and communicate in Taiwanese. Salary Range: Php 30,000 - Php 59,999

TheWorld BusinessMirror

A10 Thursday, May 19, 2022

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

New China outbreaks raise risk of more disruptive Covid curbs

resh outbreaks around key Chinese cities and the ongoing Covid-19 spread in Beijing are raising the specter of more disruptive pandemic curbs, even as Shanghai slowly emerges from its six-week lockdown.

A child rubs his eyes after getting a Covid-19 test during a public testing on Tuesday, May 17, 2022, in Beijing. AP/Andy Wong

The capital reported 69 new cases for Tuesday, up from 52 on Monday. Yesterday, city officials said the Fengtai district will lock down some areas for the next seven days after new clusters flared, amplifying the risk of community spread. Tianjin, close to the capital and where an outbreak in January disrupted global automakers Toyota Motor Corp. and Volkswagen AG, saw cases rise to 55 on Tuesday from 28 on Monday. A cluster is also ballooning in Sichuan province, which reported 201 cases, raising concerns about potential spread to Chongqing, an important manufacturing hub and home to about 32 million residents. Nationwide, the case count rose for the first time in five days. The flareups underscore the challenges China faces in pursing Covid Zero, as well as the ever-present risk of disruptions that have already taken an enormous economic and social toll. The zero-tolerance approach is straining in the face of the highly transmissible Omicron variant, with authorities turning to deploying harsh measures more ex-

tensively and frequently, including the unprecedented shutdown of Shanghai. The financial hub, the epicenter of China’s worst outbreak since the early days of the pandemic, is finally starting to emerge from its grueling lockdown. While cases rose slightly to 855 on Tuesday from 823 on Monday, no infections were found outside of government quarantine for a fourth day. A day earlier, the city hit the crucial milestone of three consecutive days of zero cases in the community, the metric authorities had said would allow them to unwind the strict curbs that hampered economic activity and curtailed almost every aspect of daily life for residents. However, many restrictions remain in place and swaths of the city’s population are still largely stuck inside their compounds. Residents must produce a pass to exit their compounds and can only leave by bike or on foot. The passes are distributed to each apartment by residential committees, allowing one person per family to leave during appointed hours

for grocery errands. According to passes seen by Bloomberg News, many compounds will allow residents to leave twice in the next four days, for a maximum of four hours at a time. About 790,000 people in quarantined areas of Shanghai are still under the toughest restrictions that bans them from leaving their apartments due to Covid cases, Zhao Dandan, deputy head of the city’s health commission, said at a press conference Wednesday. There are also few signs of any widespread re-opening for businesses. Many firms in Shanghai are still enforcing the closed-loop systems, where staff work and live on-site and undergo regular testing, that allowed them to operate during the lockdown. Hong Kong’s benchmark Hang Seng Index and China’s CSI 300 Index both slid as much as 1 percent, led by declines in technology stocks as support pledges from Vice Premier Liu He lacked fresh detail and fresh virus outbreaks weighed on sentiment. Meanwhile, thousands of people in a village near the Chinese port city of Tianjin were ordered into government quarantine, with videos circulated on social media showing residents being marched through streets and onto buses as officials continue to deploy the country’s strict Covid Zero playbook on new outbreaks. Residents of Liuanzhuang village in northern Tianjin were ordered on Monday to pack their belongings and prepare to be transported into isolation centers, a voice can be heard saying over a loudspeaker in one of the videos, after dozens of Covid-19 cases were detected in their district. Footage shared on social media networks like Weibo and Twitter showed crowds of people, luggage in tow, walking toward or waiting in line for buses. Tianjin, home to northern China’s largest port, is seeing a new round of cases, raising concern the city that borders Beijing could see a return to disruption seen in January when the mass testing and restrictions triggered by a virus outbreak halted operations for global carmakers like Toyota Motor Corp. The city carried out a mass testing campaign on Sunday, which

discovered 22 positive cases, most of them in the Beichen district where Liuanzhuang village is located. Tianjin reported 55 local infections for Tuesday. Calls to the Beichen district health center and the Xiaodian county clinic that services Liuanzhuang village were not picked up. Residents that shared videos of the mass transfer in Liuanzhuang village did not respond to messages sent on Douyin by Bloomberg News. It’s estimated that between 10,000 to 30,000 residents of the village were put into quarantine, according to social media posts. China remains staunchly committed to its zero-tolerance approach to Covid, even as highly contagious variants seed more frequent outbreaks, and as the rest of the world opens up. The country’s borders remain closed and even small outbreaks trigger an outsized response, with officials having to step up their restrictions to be able to eliminate flareups. The strategy is leaving China isolated and is exacting a growing toll on the economy and global supply chains. After an intense, six-week lockdown where most residents were unable to leave their homes, even for groceries, Shanghai is just starting to ease restrictions. While authorities have declared a halt to community spread in the metropolis of 25 million, the new flareups in Tianjin and in the southern Sichuan province—which saw 201 infections Tuesday—could see punishing restrictions deployed elsewhere. China isolates all Covid-positive cases and their close contacts as a way of stemming transmission. The approach was successful in quashing the initial virus outbreak in Wuhan in 2020, but has proven more difficult to use successfully on strains like Omicron. Scores of quarantine sites are being built throughout the country, and in Shanghai stadiums and convention centers were also converted into makeshift hospitals. In 2021, more than 20,000 residents from over a dozen villages in Shijiazhuang, a city in China’s north, were moved into centralized quarantine as health officials worried that living conditions in the area would facilitate the spread of Covid. Bloomberg News

WHO says second Covid booster for most vulnerable offers benefits

ENEVA—An expert group convened by the World Health Organization says there may be some benefit in giving a second booster dose of coronavirus vaccine to the most vulnerable people amid the continuing global spread of Omicron and its subvariants. In a statement issued on Tuesday, the United Nations health agency said there was “a growing body of evidence regarding the value of an additional booster dose” for groups including health workers, people aged over 60 and those with weak immune systems. The WHO said its expert group had assessed the limited data from seven studies for second booster doses of messenger RNA vaccines, saying there wasn’t enough information proving their effectiveness in younger, healthy people. “In those most at risk for severe disease or death...the additional benefit of an additional booster dose of mRNA vaccine might be warranted,” the WHO said, acknowledging that there could be logistical or other challenges to

The logo and building of the World Health Organization (WHO) headquarters in Geneva, Switzerland. An expert group convened by the World Health Organization says there may be some benefit to giving a second booster dose of coronavirus vaccine to the most vulnerable people amid the continuing global spread of Omicron and its subvariants. In a statement issued on Tuesday, May 17, 2022, the UN health agency said there was increasing evidence that a second booster dose of Covid-19 vaccine would benefit health workers, people over age 60 and those with weak immune systems. Martial Trezzini/Keystone via AP

offering people a second booster dose in some countries. While many rich countries have vaccinated more than 70 percent of their populations, fewer than 16 percent of people in poorer countries have been immunized. Last year, the WHO repeatedly criticized rich countries for

offering booster doses and called for a moratorium on the practice, saying boosters were unnecessary for healthy people. The agency reversed its advice late last year amid the spread of the hugely infectious Omicron variant, after dozens of countries began offering booster doses.

Some hea lt h e x per ts have warned that countries embarking on additional booster campaigns could deplete the world’s supply of Covid-19 vaccines before the most vulnerable people in developing countries have been offered a single shot. The US Food and Drug Administration recommended in March that Americans 50 and over are eligible for a second Covid-19 booster shot while the European Medicines Agency has only cleared second booster doses for those 80 and over. Amid the continuing spread of Omicron and its subvariants, the WHO and others have continued to call for accelerated vaccination campaigns. “What we are seeing is that people who are vaccinated have a much reduced risk of developing severe disease and death,” said WHO’s Covid-19 lead Maria Van Kerkhove, warning against the false perception that Omicron is mild. “We have solutions for this because we have vaccines,” she said. AP

In this photo provided by the North Korean government, North Korean leader Kim Jong Un, center, attends a meeting of ruling party Workers’ Labor Party of Korea in Pyongyang, North Korea, on May 17, 2022. North Korea on Wednesday, May 18, reported 232,880 new cases of fever and another six deaths as leader Kim Jong Un accused officials of “immaturity” and “slackness” in handling the escalating Covid-19 outbreak ravaging across the unvaccinated nation. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads: “KCNA” which is the abbreviation for Korean Central News Agency. Korean Central News Agency/Korea News Service via AP

N. Korea reports another jump in suspected Covid infections By Kim Tong-Hyung The Associated Press

EOUL, South Korea—North Korea on Wednesday reported 232,880 new cases of fever and another six deaths as leader Kim Jong Un accused officials of “immaturity” and “slackness” in their early handling of the Covid-19 outbreak ravaging across the unvaccinated nation. The country’s anti-virus headquarters said 62 people have died and more than 1.7 million have fallen ill amid a rapid spread of fever since late April. It said more than a million people recovered but at least 691,170 remain in quarantine. Outside experts say most of the illnesses would be Covid-19, although North Korea has been able to confirm only a small number of Covid-19 cases since acknowledging an Omicron outbreak last week, likely because of insufficient testing capabilities. A failure to control the outbreak could have dire consequences in North Korea, considering its broken health care system and its rejection of internationally offered vaccines that has left a population of 26 million unimmunized. The outbreak is almost certainly greater than the fever tally, considering the lack of tests and resources to monitor the sick, and there’s also suspicion that North Korea is underreporting deaths to soften the blow for Kim, who already was navigating the toughest moment of his decade in power. The pandemic has further damaged an economy already broken by mismanagement and USled sanctions over Kim’s nuclear weapons and missiles development. The North’s official Korean Central News Agency said Kim during a ruling party Politburo meeting on Tuesday criticized officials over their early pandemic response, which he said underscored “immaturity in the state capacity for coping with the crisis” and blamed the vulnerability on their “nonpositive attitude, slackness and non-activity.” He urged officials to strengthen virus controls at workplaces and make “redoubled efforts” to improve the supply of daily necessities and stabilize living conditions, the KCNA said Wednesday. Kim’s comments came days after he ripped officials over how they were handling the distribution of medicine released from state reserves and mobilized his army to help transport the supplies to pharmacies in capital Pyongyang, which were made open 24 hours to deal with the crisis. KCNA said nearly 3,000 members of the Korean People’s Army’s medical units were helping the delivery of medicine to pharmacies, while more than 1.4 million officials, teachers and students in public health sectors were being deployed for checkups aimed at identifying people with symptoms so they could be quarantined. Lacking public health tools like vaccines, antiviral pills and intensive care units that lowered hospitalizations and deaths in other nations, North Korea has been relying on finding people with symptoms and isolating them at shelters. While raising alarm over the outbreak, Kim has also stressed that his economic goals should be met. State media reports show large groups of workers are continuing to gather at farms, mining facilities, power stations and construction sites, being driven to ensure their works are “propelled as scheduled.” Before acknowledging Covid-19 infections last Thursday, North Korea had insisted of a perfect record in keeping out the

virus that has reached nearly ever corner of the world, a claim that was widely doubted. But its extremely strict border closure, large-scale quarantines and propaganda that stressed anti-virus controls as a matter of “national existence” may have staved off a huge outbreak until now. It’s unclear whether the North’s admission of a Covid-19 outbreak communicates a willingness to accept outside help. Kim’s government had shunned millions of vaccine shots offered by the UN-backed COVAX distribution program, likely because of international monitoring requirements attached to them. North Korea and Eritrea are the only sovereign UN-member countries not to have rolled out vaccines. World Health Organization Director-General Tedros Adhanom Ghebreyesus said in a briefing Tuesday that the agency has offered to send both countries vaccines, medicines, tests and technical support, but that neither country’s leader has yet responded. “WHO is deeply concerned at the risk of further spread in [North Korea],” Tedros said, also noting the country has worrying numbers of people with underlying conditions that put them at risk of severe disease. WHO emergencies chief Dr. Michael Ryan said any unchecked transmission in countries like North Korea and Eritrea could spur the emergence of new variants, but that the WHO was powerless to act unless countries accepted its help. The North has so far ignored rival South Korea’s offer to provide vaccines, medicine and health personnel, but experts say the North may be more willing to accept help from its main ally China. South Korea’s government said it couldn’t confirm media reports that North Korea flew multiple planes to bring back emergency supplies from China on Tuesday. North Korean officials during Tuesday’s meeting continued to express confidence that the country could overcome the crisis on its own, with the Politburo members discussing ways for “continuously maintaining the good chance in the overall epidemic prevention front,” KCNA said. While Kim was seen wearing masks for the first time following North Korea’s admission of Covid-19 infections last week, state media photos of Tuesday’s meeting showed Kim and Politburo members engaging in discussions barefaced, in a possible expression of confidence. North Korea’s Covid-19 outbreak came amid a provocative run in weapons demonstrations, including its first test of an intercontinental ballistic missile in nearly five years, in a brinkmanship aimed at forcing the United States to accept the idea of the North as a nuclear power and negotiate economic and security concessions from a position of strength. There are also signs that the North is restoring a nuclear testing ground that was last active in 2017 in possible preparations to resume nuclear explosive tests, which US and South Korean officials say could happen as early as this month. Recent commercial satellite images of the testing ground in Punggye-ri indicate refurbishment work and preparations at a yet unused tunnel on the southern part of the site, which is presumably nearing completion to host a nuclear test, according to an analysis released Tuesday by Beyond Parallel, a website run by the Washington-based Center for Strategic and International Studies.

Agriculture/Commodities BusinessMirror

www.businessmirror.com.ph

Editor: Jennifer A. Ng • Thursday, May 19, 2022 A11

LandBank extends more loans to agri sector By Jasper Emmanuel Y. Arcalas @jearcalas

TATE-RUN Land Bank of the Philippines (LandBank) said its loans to the agriculture sector in the first quarter grew by 3 percent to P236.8 billion from last year’s P229.7 billion. The bank said it remains as the top provider of loans to the agriculture sector, allowing industry players to bankroll various economic activities. “The loans were used to finance

various economic activities of major players in the industry—from small farmers and fishers to large agribusiness enterprises, as well as local government units [LGUs] and government-owned and -controlled corporations [GOCCs] for agri-aqua related projects and construction of needed infrastructure,” LandBank said in a statement. LandBank said about P35 billion of the total first quarter loans were channeled through cooperatives and farmers associations, rural financial

institutions and other partner conduits with small farmers and fishers ultimately benefiting from them. “We continue to intensify our support to the agri sector, particularly the farmers and fishers whom we celebrate in this month of May. LandBank is committed to delivering timely and responsive support to boost their production and income,” LandBank President and CEO Cecilia C. Borromeo said. LandBank said its financing for small, medium, and large agribusi-

Calabarzon farmers, fishers get ₧360-M aid from govt T

HE Department of Agriculture (DA) said it distributed over P360 million worth of interventions, including cash aid and fuel subsidies, to farmers and fishers in Calabarzon. The DA said in a statement that a total of 56,823 rice farmers from Calabarzon region received P292.648 million under the second tranche of the department’s rice farmers financial assistance (RFFA) programs. Qualified rice farmers tilling 0.5 hectare to 2 hectares of land got a cash subsidy of P5,000 under the DA’s RFFA program, which is funded by the annual tariffs collected by the government in excess of P10 billion. The DA also formally launched its fuel subsidy program in Los Baños, Laguna after it was halted by the election spending ban. A total of 1,950 corn farmers received P1.35 million and 5,400 fishermen got P17.15 million in Laguna under the DA’s fuel subsidy program which grants a subsidy of P3,000 to eligible and qualified corn farmers and fishers. The fuel subsidy given to the corn farmers and fishermen could

be used in the DA’s partner petrol retail outlets—Shell, Petron, Total, Phoenix, Unioil, Seaoil, PTT, and G Little. The DA said the provincial government of Laguna received P48-million worth of farm machinery under the department’s Rice Competitiveness Enhancement Program (RCEF) and other agricultural interventions worth P7.4 million. “The DA remains strong in its commitment to enhance the country’s production of food and other agricultural products, especially at this time of the ongoing Covid-19 pandemic and the crisis in Ukraine,” Agriculture Secretary William D. Dar told the farmers and fisherfolk last May 17. “In diversity, there is strength. And the call of the incoming administration for us is to unite. We should make the agriculture sector united—all the stakeholders—in order to uplift the sector.” In his message to the farmerbeneficiaries, Dar said some of the DA’s current proposed programs seek to improve local food production and cushion the impact of various global economic

challenges, which include Russia’s invasion of Ukraine. These programs include the implementation of a “Build, Build, Build” program in the agriculture sector and encouraging the National Irrigation Administration (NIA) to entice private sector investments that will bankroll the irrigation of about 1.1 million hectares of rice lands. The DA added that Dar also revealed his proposal to increase the farm-gate price of palay to P20 per kilogram and hike the buffer stock of the National Food Authority to 30 days through an annual funding increase of P23 billion. During the turn-over ceremony, the DA introduced its updated Interventions Monitoring Card (IMC) that will serve as a unique identification and transactional card where farmer-beneficiaries can receive interventions from the government. “Containing basic information such as the beneficiaries’ name, photo, QR code, RSBSA number, and e-wallet card, the IMC is expected to enhance the DA’s distribution process and ensure no leakages.” Jasper Emmanuel Y. Arcalas

ness enterprises reached P146.62 billion of the total loans while P55.19 billion supported LGUs and GOCCs. The bank added that the remaining P99.64 billion loans were used to finance the construction and improvement of essential infrastructure. “In terms of economic activities, P56.39 billion of LandBank’s total agri sector loans financed crops, livestock, and fisheries, while P80.83 billion was channeled to agri-processing and trading,” it said.

PHOTO shows the multispecies fish hatchery of the Southeast Asian Fisheries Development Center. FROM WWW.SEAFDEC.ORG.PH By Jovee Marie N. Dela Cruz @joveemarie

LAWMAKER on Wednesday said the enactment of Republic Act (RA) 11736 establishing a multispecies marine hatchery in the Municipality of Basilisa in Dinagat Islands will aid in the recovery of the local economy. Rep. Alan 1 B. Ecleo of the Lone District of Dinagat Islands welcomed the enactment of RA 11736 establishing a multispecies marine hatchery in Basilisa, which was recently signed into law by President Duterte less than two months before the start

Fruit price

MANURUNG wants the government to scrap the policy. “We hope the export ban is lifted and replaced by another policy that can better

of the new Marcos administration. “Our vision is to make the Marine Hatchery and Fish Farming an economic centerpiece which would provide consistent income among the fishermen of Dinagat Islands, helping eradicate poverty in the Province of Dinagat Islands,” said Ecleo, principal author of the law. “We plan to develop the entire fisheries value chain in Dinagat so we could be a leading producer of high-value, fresh, processed fish in the Philippines and abroad.” The law shall fund the construction of a Multispecies Marine Hatchery and transfer its manage-

@jonlmayuga

BUNCHES of harvested palm oil fruit are loaded onto a truck in the Penajam area of East Kalimantan, Borneo, Indonesia, on November 27, 2019. BLOOMBERG NEWS

ability and affordability. When prices are stable, then we can talk about export relaxation,” Trade Minister Muhammad Lutfi told reporters on Tuesday when asked about plans to review the halt. The average local price of bulk cooking oil in Indonesia remained around 17,300 rupiah a liter as of May 13. The trade ministry on Tuesday launched a program called “Cooking

Oil for The People” to sell bulk cooking oil at 14,000 rupiah per liter to people with lower incomes. “Our goal is to have 10,000 selling points across the country from 1,200 in Sumatra and Java currently,” Lutfi said in a statement. Benchmark palm oil futures in Kuala Lumpur fell as much as 2.3 percent on Tuesday on expectations that the ban will be relaxed, but pared losses by the close. Bloomberg News

ment from the Bureau of Fisheries and Aquatic Resources-Department of Agriculture (BFAR-DA) to the Municipality of Basilisa after two years. During such time, the BFAR-DA will implement a training and phasing-in program for the personnel of the local government unit concerned on the management and operation of the multispecies marine hatchery. “This law is a product of the relentless support of Dinagatnons, who have graciously entrusted to me again the privilege of being their Representative for one more term,” Ecleo said.

DAR, LGU to build irrigation facilities in Negros Occidental By Jonathan L. Mayuga

control cooking oil prices,” he told Bloomberg News during the rally on Tuesday in Jakarta. The price for fresh fruit bunches has tumbled to about 1,200 rupiah a kilogram from 4,000 rupiah as some mills have stopped purchasing the bunches from smallholders, while others buy them at a much lower price, he said. “What is important to us is avail-

cane Industry Development Act, and the expanded rice credit assistance under the rice competitiveness enhancement fund, among others. “Meanwhile, the Bank’s cumulative loan releases under DAR’s Credit Assistance Program for Program Beneficiaries Development has reached P700 million,” it said. “LandBank remains fully committed towards advancing a more vibrant, productive, and resilient agriculture sector in line with serving the nation.”

‘Multispecies marine hatchery to hasten recovery of Dinagat Islands’

Palm oil farmers rally to protest Indonesia’s export ban UNDREDS of smallholders in Indonesia, the world’s biggest palm oil shipper, rallied to protest against a ban on exports of the commodity, piling pressure on President Joko Widodo to scrap the policy. Farmers said their income is suffering because prices of fresh fruit bunches have plummeted on concern that the country won’t have enough storage capacity to hold the pent-up supply. At least 120 farmers attended the rally, and as many as 250 from across the archipelago are expected to turn up, said Gulat Manurung, chairman of the Indonesian Oil Palm Farmers Association. The export ban, designed to cool the domestic price of cooking oil, has caused “economic hardship” for some 16 million farmers as the low fruit prices no longer cover costs, said Manurung. Cooking oil has stayed stubbornly above the official guidance of 14,000 rupiah (96 cents) a liter in spite of the ban. Soaring food costs have sent the approval rating for Jokowi, as the president is called, sliding to 58.1 percent, the lowest in more than six years, according to pollster Indikator’s latest survey in May. Support for Jokowi had hovered well above 60 percent except for a dip in July 2021 when the Covid-19 pandemic overwhelmed hospitals and led to thousands of deaths each day.

“As part of its intensified support to the agriculture sector, LandBank continues to implement regular loan offerings alongside lending programs in partnership with the Department of Agriculture [DA] and the Department of Agrarian Reform [DAR],” it added. LandBank said it has released a total of P12.51 billion under the programs administered for the DA, which included the Agricultural Competitiveness Enhancement Fund, socialized credit program under the Sugar-

HE Department of Agrarian Reform (DAR) and the local government unit (LGU) of Bago City in Negros Occidental will put up irrigation facilities to help farmer-members of an agrarian reform beneficiary organization (ARBO) engaged in vegetable production increase their yield. The DAR and Bago, Negros Occidental LGU forged a partnership to fight hunger in the area. DAR-Western Visayas Assistant Regional Director Lucrecia S. Taberna said a memorandum of agreement was signed by the DAR and the LGU, paving the way for the implementation of the Enhanced Partnership Against Hunger and Poverty (EPAHP) program in the area. Taberna said that under the agreement, the DAR would provide a total project cost of P340,000 for the construction of the 2.5 m x 2.5m x 2.5 m water concrete tank. Of the total amount, P240,000 is intended for the pipelines and fitting materials and P100,00,000 for travel expenses, office supplies, and other technology-related and training expenses. “The local government unit of Bago City, Negros Occidental would

provide labor manpower with an estimated amount of P50,000 as their project counterpart,” she said in a statement. Taberna said Paghida-et Farm Workers Association (PAFWA), the direct beneficiary of the project, continually provides services to its members, through various socialeconomic activities and expands its services to include the provision of livelihood project facilities. “The project is a big opportunity for the PAFWA for their development and this would be a challenge to them to increase its membership to make it a cooperative.” Provincial Agrarian Reform Prog ram Of f icer II Eng ineer Arnulfo T. Figueroa also encouraged the association to expand their membership. “DAR will assist and empower the agrarian reform beneficiaries [ARBs] and their ARBOs to increase their production and engagement in agri-based and related enterprises,” he said. Figueroa noted that the project is being implemented to support the ARBs so that they can provide a continuous supply of vegetables to the Bureau of Jail Management and Penology and motivate them to enhance their agricultural production.

A12 Thursday, May 19, 2022 • Editor: Angel R. Calso

Opinion BusinessMirror

www.businessmirror.com.ph

editorial

US mourns 1 million Covid-19 deaths

he United States of America, the richest country in the world that managed to hoard nearly 500 million excess doses of Covid-19 vaccines in 2021, reported one million Covid deaths on Monday, the highest death toll among nations. Observers said there are myriad reasons why this happened, including the inadequate initial response of the Trump administration to the virus, the lack of pandemic readiness of the US public health sector, and the political polarization that prompted so many Americans to reject vaccines, a decision hundreds of thousands of them have paid for with their lives. The Centers for Disease Control and Prevention said the US crossed the threshold of 600,000 Covid deaths in mid-June 2021, a point where Covid-19 vaccines were widely available in all states. Among the fatalities, CDC said more than 300,000 were probably unvaccinated. The US is currently averaging about 300 Covid-19 deaths per day, compared with a peak of about 3,400 a day in January 2021, according to an AP report. After the lifting of all pandemic-related restrictions, and just as Americans appear ready to move on to a new normal, new cases are on the rise again, climbing more than 60 percent in the past two weeks to an average of about 86,000 a day. From the Associated Press: “The government web site for people to request free Covid-19 at-home tests from the US government is now accepting a third round of orders. The White House announced Tuesday that US households can request an additional eight free at-home tests to be shipped by the US Postal Service. The announcement comes as coronavirus cases are rising again in some areas of the country.” A new Omicron subvariant, BA.2, which started spreading around the globe since December, has morphed into two new subvariants, BA.2.12 and BA.2.12.1. They are being cited as a leading contributor to rising infections in New York, according to state health officials. New York City health officials issued an advisory on Monday urging New Yorkers to wear masks in all indoor public settings as the city approaches “high risk” Covid-19 alert status. Health Commissioner Ashwin Vasan said “everyone regardless of vaccination status or past Covid-19 infection should wear face coverings at all times in settings such as grocery stores, offices and building lobbies.” In the Philippines, the Department of Health on Tuesday confirmed the local transmission of Omicron subvariant BA.2.12.1 in the country, but assured the public that response is underway to prevent its spread. Health Undersecretary Maria Rosario Vergeire, however, clarified that there is still no detection of “community transmission” of the said subvariant. She said that local transmission means local cases have been detected, which cannot be epidemiologically linked to cases with significant international travel history, while community transmission means there is already huge or an increasing number of local cases whose links cannot be established anymore (Read, “DOH logs local transmission of more infectious Omicron,” in the BusinessMirror, May 17, 2022). “Now that we have local transmission of Omicron BA.2.12.1, we must act fast. We are asking our health facilities and local government units to actively look for cases. Immediate isolation is advised for any person who has fever, cough, colds, sore or itchy throat, and other Covid-like signs and symptoms,” Vergeire said. Amid the continuing spread of Omicron and its subvariants in the US, China, North Korea and some European countries, it pays to heed the warning of WHO chief Tedros Adhanom Ghebreyesus: “As the experience with this pandemic shows, no country can let down its guard. Complacency can be as dangerous as the virus itself. We must continue to be vigilant.” The pandemic is far from over. Continue protecting yourself. Wear your face mask, and avoid crowded places as much as possible.

Since 2005

BusinessMirror A broader look at today’s business ✝ Ambassador Antonio L. Cabangon Chua Founder Publisher Editor in Chief Associate Editor News Editor Senior Editors

Online Editor Creative Director Chief Photographer Chairman of the Board President Advertising Sales Manager Group Circulation Manager

T. Anthony C. Cabangon Lourdes M. Fernandez Jennifer A. Ng Vittorio V. Vitug Lorenzo M. Lomibao Jr., Gerard S. Ramos Lyn B. Resurreccion, Dennis D. Estopace Angel R. Calso Ruben M. Cruz Jr. Eduardo A. Davad Nonilon G. Reyes D. Edgard A. Cabangon Benjamin V. Ramos Aldwin Maralit Tolosa Rolando M. Manangan

BusinessMirror is published daily by the Philippine Business Daily Mirror Publishing, Inc., with offices on the 3rd floor of Dominga Building III 2113 Chino Roces Avenue corner De La Rosa Street, Makati City, Philippines. Tel. Nos. (Editorial) 817-9467; 813-0725. Fax line: 813-7025. (Advertising Sales) 893-2019; 817-1351, 817-2807. (Circulation) 893-1662; 814-0134 to 36. E-mail: news@businessmirror.com.ph.

www.businessmirror.com.ph

Printed by brown madonna Press, Inc.–Sun Valley Drive KM-15, South Superhighway, Parañaque, Metro Manila MEMBER OF

Crypto crazy

Warren Buffett said this at the April Berkshire Hathaway shareholders meeting. “Now if you told me you own all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything.” One man’s opinion, and that man never speculates.

Again, let me state clearly. Bitcoin (or any other crypto) is not money and not because it is not widely accepted for purchases. Even if BTC were accepted at every one of more than 38,000 McDonald’s locations in over 100 countries, it would still not be “money.” Further, Bitcoin is a fiat currency just like any of that paper stuff you carry in your wallet because BTC is backed by the US dollar. How do I know that? Ask any BTC holder the price of a kilo of pork pigue at ShopWise. In order to give you an answer, you must first check the BTC to US dollar exchange rate. Next, check the Philippine peso to dollar rate and then compute for the local BTC price of pork. There has not been a non-fiat currency since before World War One

mega earnings from Terra’s UST stablecoin before it crashed last week, along with its sister cryptocurrency Luna. In 2018, Binance put $3 million into Luna.” At Luna’s price peak in April, those tokens were worth $1.6 billion. At Luna’s current price, the tokens are worth less than $5,000. Warren Buffett said this at the April Berkshire Hathaway shareholders meeting. “Now if you told me you own all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything.” One man’s opinion, and that man never speculates. Nonetheless, no one wants to see this kind of negative volatility. It is not good. Cryptos definitely have a place in modern finance. In Septem-

John Mangun

OUTSIDE THE BOX

aving a discussion about cryptocurrencies with some investors is like discussing polygamy with some followers of Islam or homosexuality with some Christians. It is a place that you do not want to go, especially if you are talking with a “religious fanatic.” And cryptocurrency is a religion for some. when one ounce of 99.9 percent gold would buy you the finest men’s suit in New York, London, Paris, Berlin, and Shanghai. There was no need to compute any exchange rate. Globally, one ounce of gold to one suit. The last 18 months have been exciting for crypto holders since BTC began its ascent from $10,000 to $60,000 and back down the rollercoaster to $30,000. The best and most profitable speculative investment in this century. But that does not change the fact that cryptos have also been an unequalled financial disaster for some. The closest similarity might be “Tulip Mania” in the 1600s when bulb prices fell 99.999 percent in one year. From Fortune magazine: “The world’s largest crypto exchange, Binance, had the potential to reap

ber 2021, El Salvador adopted BTC as an official currency, but the government has lost money on the decreasing BTC to US dollar rate. The launch of El Salvador’s national Bitcoin wallet, the Chivo, has been a flop, with the majority of users having ditched it already even with a $30 “sign up” bonus. Around 60 percent abandoned it after withdrawing the $30 dollar incentive. But the ‘Chivo’ for all its faults and missteps gave a useful financial tool to a huge number of Salvadorians who, like Filipinos, never had a bank account. The Bangko Sentral ng Pilipinas’ 2017 Financial Inclusion Survey showed that the 15.8 million bank account owners represented 22.6 percent of the total adult population. While not giving a complete picture of actual usage rather than just signing up, mobile wallet company GCash had an average of 51 million “users” at the end of October 2021. It is not crypto yet but is a critical banking “tool.” As I said last time in regard to stocks and horse race betting, and now cryptos: If you do not know what you are doing and are too lazy to learn, go buy Lotto tickets. E-mail me at mangun@gmail.com. Follow me on Twitter @mangunonmarkets. PSE stock-market information and technical analysis provided by AAA Southeast Equities Inc.

Violent death in America stalks ordinary walks of daily life

By Calvin Woodward | The Associated Press

ASHINGTON—In far-flung cities, deadly violence ripped apart the most typical of American spring weekends, driven by rage or madness, the bloodiest by suspected racist hate. The crime scenes represented a cross-section of ordinariness—a grocery store in upstate New York, a California church, a Texas flea market, the streets near a basketball arena in Wisconsin. The carnage Americans see on their screens is not from an invading force. It is from within. The United States is a cauldron of seething grievances and poisonous social media conspiracy theories that have even gained purchase with some in power. There is, by now, a pattern after mass shootings—shock, thoughts, prayers, and vows to do something, then collective slumped shoulders as attention moves on and it becomes clear nothing much will change. Americans are still in the first phase as they absorb the aftermath of the past weekend of violence, which coincided with a Covid-19 death tally

that reached 1 million in the US. “I’m trying to bear witness but it’s just too much,” Buffalo, New York, resident Yvonne Woodard said of the rampage Saturday outside Tops Friendly Market. A young white man wearing body armor and livestreaming with a helmet camera opened fire Saturday, killing 10 Black people. “You can’t even go to the damn store in peace,” Woodard said. You can’t go anywhere in peace with certainty today in this country of howling political and cultural animus, ubiquitous guns and murder rates surpassing those in most of the industrialized world. Not to a Houston flea market, where thousands were browsing Sunday when a gunfight broke out, killing two people, injuring three and panicking bystanders. Not to church, where on Sunday

In a poll last week, The Associated Press and the NORC Center for Public Affairs Research found that about 1 in 3 Americans believes an effort is underway to replace US-born Americans with immigrants for electoral gain. A similar share endorses the view that immigration is weakening the political, economic and cultural influence of those born in the US. There was a note of hope. Twothirds said a diverse population makes the US stronger. a man opened fire during a lunch reception in Laguna Woods, California, killing one person and wounding five before a pastor smashed the gunman’s head with a chair and parishioners tied him up. Not to Milwaukee’s downtown, where authorities declared a partial curfew for the weekend after three shootings injured 21 people near an entertainment district where thousands had gathered for an NBA playoff game. Milwaukee, Philadelphia

and Indianapolis are among cities that saw record numbers of killings last year, most involving guns. In Laguna Woods, police said Monday, the gunman was a US citizen who immigrated from China and was motivated by hate for the Taiwanese community, whose members were attending the church. Americans have a president who, like him or not, is good at empathy and having to tap that quality more than anyone would want. Joe Biden goes to Buffalo on Tuesday to offer comfort to bereaved families and to address, yet again, “the hate that remains a stain on the soul of America.” Biden is the second president in a row to warn of existential threats to the American fabric. Donald Trump startled dignitaries on his 2016 inaugural stage with his talk of “American carnage,” a stark portrait drawn from urban poverty, rusted factories “scattered like tombstones,” crime, gangs and drugs. Biden’s portrait is dark in different respects, centered on the systematic effort by Trump and now his allies to upend election laws See “Violent” A13

Opinion BusinessMirror

www.businessmirror.com.ph

Sweden, Finland push ahead with Nato bids as Turkey objects

LBS Digital-Sojitz partnership–a boon to telecom sector

Market analysts view the LDICSojitz partnership as a sign of an economic boom in the rapidly growing Philippine telecom sector. In its market disclosure, Sojitz pointed out significant growth in the country’s telecom market. It regards the industry as one of the most promising markets in Asia in terms of the telecom tower business.

In an exclusive interview with BusinessWise, company president and chief executive officer Ramoncito S. Yu III said that LDIC, which manages the joint venture concern, is gearing for a mega-tower transaction through mergers and acquisition and accelerating its vision of achieving within three years a massive 10,000-tower ownership via a potential sale-and-leaseback acquisition. LDIC, Yu said, has been “preparing for any potential acquisition with at least a minimum of between $1 billion and $2 billion in additional funding.” The company is still fully committed and focused on building the 550 towers to support the 70,000 tower requirements in the Philippines. He added that they are prepared to offer “a compelling price and proposition for opportunities to acquire and operate existing towers from mobile network operators.” Before the partnership, LDIC was a founder-led digital infrastructure specialist company in the Philippines with a heritage of over 20 years in the telecom tower sector. The joint venture has leapfrogged since it kicked off operation in February 2022. It recently established a highly advanced tower infrastructure command center and headquarters in Bonifacio Global City (BGC). Based on company records shown to BusinessWise, the company—in just three months of operations —has started building cell towers nationwide in 28 provinces or 34 percent of the country’s provinces, namely, Aklan, Albay, Antique, Au-

ing markets in Asia in terms of the telecom tower business. LDIC aims to secure its position as one of the Philippines’s largest tower operators. Its business expansion will leverage its access to abundant pre-identified potential tower sites in the Philippines and its established record of tower design and construction, bolstered by Sojitz’s management resources. With the global usage of smart phones and 5G, mobile carriers have shifted their means of differentiation from infrastructure to services and content. The expansion of telecom tower businesses will enable mobile carriers to quickly and efficiently invest in building their own networks, which will increase their network offerings and raise their consumers’ standard of living. The telecom tower sharing to be promoted by Sojitz and LDIC will consolidate various telecom towers constructed by the country’s mobile carriers in order to reduce capital investment costs and preserve the landscape. The Philippines holds the record for the world’s highest daily Internet usage with an average of 10 hours a day. Despite its strong demand for data communications, the Philippines has a lower ratio of telecom towers relative to its population, when compared to neighboring countries. At present, there are delays in the establishment of telecommunication environments across the archipelago. Having just started full 5G deployment, the country is expected to move forward with an even greater demand for telecom towers and small poles.

Val A. Villanueva

Businesswise

By Karl Ritter | The Associated Press

TOCKHOLM—Sweden and Finland on Tuesday pushed ahead with their bids to join Nato even as Turkey insisted it won’t let the previously nonaligned Nordic countries into the alliance because of their alleged support for Kurdish militants.

Turkish President Recep Tayyip Erdogan’s strongly worded objections caught the two applicants and other Nato members off guard, complicating what was envisioned to be a swift expansion of the alliance in the wake of Russia’s invasion of Ukraine. “Turkey’s statements have changed very quickly and hardened in recent days. But I am sure that we will resolve the situation with constructive talks,” Finnish President Sauli Niinisto said during a visit to Stockholm, the Swedish capital. Niinisto said he spoke to Erdogan in early April “and it was crystal clear that he was supportive, and he said that the Finnish membership should be assessed favorably. Now it seems that there are different opinions. We must continue to discuss.” The Finnish parliament on Tuesday resoundingly rubberstamped the government’s decision to seek membership in a 188-8 vote. The foreign ministers of both countries signed formal application letters to be handed over jointly on Wednesday at the alliance’s headquarters in Brussels. But Erdogan’s objections on Friday and again on Monday raised questions about how quickly the application process could advance, as unanimity among all 30 Nato countries is required for new members to join. The Turkish leader accused the Nordic countries of giving safe haven to “terrorists” and imposing sanctions on Turkey—an apparent reference to the suspension of Swedish and Finnish weapons exports in 2019 after Ankara sent troops into northern Syria to attack Kurdish fighters. Erdogan also dismissed a Swedish plan to send a team of diplomats to Turkey to discuss the issue, saying “don’t wear yourselves out.” Swedish Prime Minister Magdalena Andersson said Sweden is still seeking contact with Turkey to “sort out the question marks.” “We are looking forward to having a bilateral dialogue with Turkey but also having bilateral dialogues with other Nato countries during this process,” she said. Turkey’s objections appeared to have come as a surprise also in Washington, whose relations with Ankara have been strained in recent years. The US suspended Turkey from its F-35 fighter jet program over Turkey’s decision to purchase a Russian missile defense system. Turkish Foreign Minister Mevlut Cavusoglu was traveling to New York for meetings Wednesday with US Secretary of State Antony Blinken. Meanwhile, the White House announced that President Joe Biden would meet Niinisto and Andersson in Washington on Thursday to discuss their Nato applications and support for Ukraine among other issues. Joining Nato would be a huge shift for the two Nordic countries. Sweden has stayed out of military alliances for more than 200 years, while Finland adopted neutrality after being defeated by the Soviet Union in World War II. Russia has repeatedly warned its Nordic neighbors that their joining the alliance would have negative repercussions. The Swedish prime minister warned

Joining Nato would be a huge shift for the two Nordic countries. Sweden has stayed out of military alliances for more than 200 years, while Finland adopted neutrality after being defeated by the Soviet Union in World War II. citizens to brace themselves for potential disruptive moves by Russia, including disinformation and attempts to intimidate and divide the country. The Russian Foreign Ministry said Tuesday it was expelling two Finnish diplomats and would leave a multinational organization focused on the Baltic Sea. It also said the Finnish ambassador was read a protest against “Finland’s confrontational course in relation to Russia,” including its role in international sanctions against Russia and arms supplies to Ukraine. The statement made no mention of Nato. European officials expressed hope that Turkey’s objections to Finnish and Swedish membership in Nato could be overcome. The European Union’s foreign policy chief Josep Borrell said the two countries would receive strong support “from all member states, because it increases our unity, and it makes us stronger.” Luxembourg’s long-serving Foreign Minister Jean Asselborn told Germany’s Deutschlandfunk radio that he suspects Erdogan is merely “pushing up the price” for the two countries’ membership. “At the end of the day, I am convinced that Turkey can’t slam the brakes on this,” he said. Turkey accuses several European countries of supporting the banned Kurdistan Workers’ Party, or PKK, leftist extremists and followers of the US-based Muslim cleric Fethullah Gulen who Ankara claims was behind a failed military coup attempt in 2016. Turkey’s justice minister Bekir Bozdag on Tuesday said Sweden and Finland “have not returned a single” suspect that Turkey wants extradited for alleged links to PKK or the Gulen movement. “Those who prefer terrorist organizations over Turkey should see that their own choices have made them lose,” Bozdag said. Many Kurdish and other exiles have found refuge in Sweden over the past decades, as have members of Gulen’s movement more recently. According to Turkey’s state-run media, Sweden and Finland have refused to extradite 33 people wanted by Turkey. Sweden denies supporting PKK, which is terror-listed by the EU, but has had contacts with Kurdish fighters in Syria who played a key role in the fight against Islamic State group militants. Turkey makes no distinction between the Kurdish groups. Amineh Kakabaveh, a former Kurdish peshmerga fighter from Iran who fled to Sweden and now serves in the country’s Parliament, implored the government to not cave to Erdogan’s demands. “Everyone who is for Kurdish rights is a terrorist to him,” she said. “It is unacceptable that he gets involved in Swedish politics.” Jari Tanner in Helsinki, Jan M. Olsen in Copenhagen, Denmark, Suzan Fraser in Ankara, Turkey, and Geir Moulson in Berlin, contributed to this report.

Thursday, May 19, 2022 A13

ow that the partnership between LBS Digital Infrastructure Corp. (LDIC)—a home-grown tower company—and Sojitz Corp., a 150-year-old Japanese telecom firm has been fully cemented, the speed that cell towers will be built in the country is expected to accelerate at full throttle. rora, Basilan, Batangas, Benguet, Bulacan, Cagayan, Camarines Sur, Capiz, Cavite, Davao Del Sur, Ifugao, Iloilo, Isabela, Kalinga, Maguindanao, Mindoro, Negros Occidental, Nueva Ecija, Nueva Vizcaya, Occidental Mindoro, Palawan, Pangasinan, Quirino, Zambales, and Zamboanga del Sur. By offering attractive ground lease rates and competitive terms and rates to construction contractors, the company aims to cover soon all the regions of the country. LDIC’s wherewithal is buoyed by a secure, long-term partnership with Sojitz, which is underwriting approximately $61.36 million (P1.3 trillion) in LDIC equity. One of the largest trading and investment companies in Japan, Sojitz has a worldwide network of approximately 400 subsidiaries and affiliates. LDIC has also obtained support from five of the country’s biggest banks and one multinational bank. Another telco joining the partnership is MIRAIT Philippines, a joint venture between Japan KTK Telecoms and Fujikura Ltd. In its two decades of operations in the Philippines, MIRAIT has become a key provider of choice for the design and installation prerequisites of major telco players. Market analysts view the LDICSojitz partnership as a sign of an economic boom in the rapidly growing Philippine telecom sector. In its market disclosure, Sojitz pointed out significant growth in the country’s telecom market. It regards the industry as one of the most promis-

WHO says Omicron makes China’s ‘zero-Covid’ policy unsustainable

ENEVA—The head of the World Health Organization said China’s extreme approach to containing the coronavirus is unsustainable because of the highly infectious nature of the Omicron variant, but that it’s up to every country to decide what policy to pursue.

At a media briefing on Tuesday, WHO Director-General Tedros Adhanom Ghebreyesus described China’s “zero-Covid” strategy as “not sustainable” after similar remarks last week drew sharp criticism from China. “We know the virus better and we have better tools, including vaccines, so that’s why the handling of the virus should actually be different from what we used to do at the start of the pandemic,” Tedros said. He added that the virus had changed significantly since it was first identified in Wuhan in late 2019, when China largely stopped its spread with lockdowns. Tedros said the WHO had repeatedly advised Chinese officials

Violent . . .

continued from A12

and processes, based on false allegations of a stolen 2020 election. Add to that a toxic brew of conspiracy theories on race and immigration that authorities say fanned the Buffalo massacre. Payton Gendron, the 18-year-old suspect, is believed to have written a document in the possession of police that laid out an attack intended to terrorize nonwhite, non-Christian people and get them to leave the country. The document counts Black

about their recommended Covid containment strategies, but that “regarding their choice of policies, it is up to every country to make that choice.” The ruthless and often chaotic implementation of zero-Covid in China has stirred considerable resentment and food shortages in Shanghai, where some residents have been under lockdown for six weeks. WHO emergencies chief Dr. Michael Ryan said the agency recognized that China had faced a difficult situation with Covid-19 recently and commended authorities for keeping the number of deaths to a very low level. “We understand why the initial people and immigrants as “replacers,” drawing from the “great replacement” racist conspiracy theory spread by fringe groups that elites are plotting to diminish the influence of white people by increasing the minority population. The theme is a staple on some Fox News programming. Sanitized versions of that claim have gained currency among some Republican lawmakers who have accused Democrats of encouraging illegal immigration from Latin America to gain more voters and pull off a “permanent election insurrection,” as GOP Rep. Elise Stefanik of New York put it in a campaign ad

The ruthless and often chaotic implementation of zero-Covid in China has stirred considerable resentment and food shortages in Shanghai, where some residents have been under lockdown for six weeks.

In establishing telecom tower infrastructure in the Philippines and growing the business to other regions and fields, Sojitz is leveraging on its extensive experience and know-how. The installation of carbon fiber towers manufactured by Sojitz Group subsidiary IsoTruss will result in added value to LDIC’s telecom tower business. With the government’s improved common-tower policy, foreign and local tower builders have been intensely jockeying for a spot in this highly competitive business. Originally proposed by then presidential adviser for telecommunications Ramon ‘RJ’ Jacinto, the commontower policy was then spurned by the industry. Jacinto wanted telecom firms to rent their respective towers from a single tower company, a move that industry members found to be inimical to their best interest. On May 29 last year, the Department of Information and Communications Technology revised the policy and issued a circular (DC 008, s. 2020) containing guidelines on a Shared Passive Telecommunications Tower Infrastructure, which sought to foster growth and development of independent tower companies (ITCs) and promote shared passive telecommunications groundwork to accelerate growth in Philippine telecommunications. Telecom companies welcomed the enhanced policy that allows them to decide which among a slew of tower builders they can best partner with. Cost-wise, the common tower policy benefits the industry. By leasing from ITCs, they do not have to build and maintain their own cell towers. Lack of cell towers has been identified as the reason for turtle-slow Internet connectivity in the Philippines. With these ITCs, telecom firms can now concentrate on their main business of providing fast and reliable Internet, which will go a long way in keeping the country in step with 21st century technology. For comments, suggestions, e-mail me at mvala.v@gmail.com

response of China was to try and suppress infections to the maximum level (but) that strategy is not sustainable and other elements of the strategic response needs to be amplified,” he said. Ryan added that vaccination efforts should continue and emphasized that “a suppression-only strategy is not a sustainable way to exit the pandemic for any country.” WHO chief Tedros also said the agency was trying to persuade North Korea and Eritrea to begin Covid-19 vaccination. “WHO is deeply concerned at the risk of further spread in (North Korea),” Tedros said, noting that the population is unvaccinated and there

are worrying numbers of people with underlying conditions that put them at risk of severe disease. Tedros said the WHO has asked North Korea to share more data about the outbreak there but has so far had no response. North Korea only acknowledged an outbreak for the first time last week, and now says more than 1.7 million people have become ill with fever. It doesn’t have enough testing supplies to confirm large numbers of Covid-19 cases, but outside experts believe most of the fever cases are caused by the coronavirus. He said the WHO had offered to send both North Korea and Eritrea vaccines, medicines, tests and technical support, but that neither country’s leader has yet responded. Ryan said any unchecked transmission in countries like North Korea and Eritrea could spur the emergence of new variants, but that the WHO was powerless to act unless countries accepted its help. AP

last year. That’s worrisome to Rep. Liz Cheney of Wyoming, once a senior member of the Republican congressional leadership and now an outcast due to her pushback against the election falsehoods that powered the January 6, 2021, Capitol riot and continue to be spread by many of her colleagues. “The House GOP leadership has enabled white nationalism, white supremacy, and anti-Semitism,” she tweeted Monday. “History has taught us that what begins with words ends in far worse.” The conservative lawmaker implored her party’s leaders to “re-

nounce and reject these views and those who hold them.” Yet the tenets of replacement theory resonate with many Americans. In a poll last week, The Associated Press and the NORC Center for Public Affairs Research found that about 1 in 3 Americans believes an effort is underway to replace USborn Americans with immigrants for electoral gain. A similar share endorses the view that immigration is weakening the political, economic and cultural influence of those born in the US. There was a note of hope. Twothirds said a diverse population makes the US stronger.

A14 Thursday, May 19, 2022

XI CALLS BBM; LEADERS SEE BETTER BILATERAL TIES

RESUMPTIVE President Ferdinand “Bongbong” Marcos, Jr. had a lengthy telephone conversation on Wednesday with Chinese President Xi Jinping, who called to congratulate him. Following that call, Marcos Jr. said in a statement he is optimistic that the relations between China and the Philippines will shift to higher gear and see more fruitful and meaningful outcomes under his administration. Xi assured him that China will respect and support his incoming administration’s independent foreign policy. Marcos said that he and Xi had a preliminary discussion on how the China-Philippines bilateral relations could move forward. “It wasn’t the usual congratulations...We really covered a lot of ground, We talked about the way forward for the China-Philippine relationship. So, it was very good, very substantial,” he added, partly in Filipino. Marcos said he proposed that relations between the two countries could be expanded, not only in terms of bilateral and trade, but also in terms of culture, education, knowledge, and even health. “I told him that in my view, the way forward is to expand our relationship not only [in the] diplomatic [front], not only [in] trade, but also in culture, even in education, even in knowledge, even in health to address whatever minor disagreements that we have right now,” Marcos explained. The former senator added that he also told Xi, “we must not allow what conflicts or difficulties we have now between our two countries to become historically important.” In a statement, after their talk, the Chinese Embassy quoted Xi as saying the two countries should also grasp the general trend, write a grand story on the China-Phil-

ippines friendship in the new era, and follow through the blueprint for bilateral friendly cooperation, to usher in an even brighter future for the two nations. “If you do not know where you have come from, you cannot go far,” Xi cited a Filipino saying, as he urged both countries to carry forward the friendship of the two sides and stay true to their original aspiration. Marcos said that Xi, aside from assuring him that China supports his stance on having an independent foreign policy, also acknowledged the role his father, the late President Ferdinand E. Marcos, played in the opening of diplomatic relations between their two countries. “He [Xi] said, I know the part that your family played in the opening of relationships. So I said the relationship between China and the Philippines is very, very important (not just) as a matter of foreign relations but also, there is an added facet because the opening of diplomatic relationships with People’s Republic of China and the Philippines as started by my father should continue to grow,” Marcos said. Xi also told Marcos Jr. that “my father has participated in and witnessed the development of China-Philippines relations, called him a builder, supporter, and promoter of the China-Philippines friendship.” Before the conversation ended, Marcos said both agreed to hold further bilateral talks to have a more comprehensive discussion of the issues. “We are both looking forward to having further dialogues. And he stressed that they should be bilateral. Sabi niya kaming dalawa ang mag-uusap, ‘wag na ‘yung iba [He said the two of us will talk, without the others],” he also disclosed.

Biz groups urge lawmakers to pass rest of reform bills By Andrea E. San Juan

HILIPPINE business groups and foreign chambers urged the House of Representatives and Senate to pass remaining priority economic reform bills as Congress approaches the last two weeks of the 18th Congress. In letters sent to House and Senate leaders, the business groups and chambers lauded Congress for achieving an impressive record with the enactment of landmark legislation such as the Electric Vehicles and Charging Stations Act, and the amendments to the Public Service Act (PSA), Retail Trade Liberalization Act, and Foreign Investments Act (FIA). However, the Philippine business groups along with the foreign chambers also called on Congress to pass additional feasible reforms in the remaining

session days of the 18th Congress. Local business groups and foreign chambers noted that these bills have already passed the House and will just require counterpart action in the Senate. The following bills are Ease of Paying Taxes bill, Open Access in Data Transmission, Philippine Creative Industries, Promotion of Digital Payments, Tax Reform Package 3: Property Valuation and Assessment Reform, and Tax Reform Package 4: Passive Income and Financial Intermediary Taxation. They are also eyeing for the rati-

fication of the reconciled version of the bills currently under Bicameral Conference Committee deliberation. The bills are the Philippine Transportation Safety Board Creation; and Rural Agricultural and Fisheries Development Financing System Act. In the letter forwarded to the Senate, the business groups and joint foreign chambers also strongly encouraged the ratification of the Regional Comprehensive Economic Partnership (RCEP) Agreement. The signatories to the letters are: American Chamber of Commerce of the Philippines, Australian-New Zealand Chamber of Commerce of the Philippines, Bankers Association of the Philippines, Canadian Chamber of Commerce of the Philippines, European Chamber of Commerce of the Philippines, Financial Executives Institute of the Philippines, IT and Business Process Association of the Philippines (IT-BPAP), Japanese Chamber of Commerce and Industry of the Philippines, Inc. , Korean Chamber of Commerce of the Philippines, Inc., Makati Business Club (MBC), Management Association of

the Philippines (MAP), Philippine Association of Multinational Companies Regional Headquarters,Inc., Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI). RCEP is a free-trade agreement pact among Asean countries and their trading partners including Australia, China, Japan, New Zealand and South Korea. This represents 30 percent of the global gross domestic product (GDP) or $26.2 trillion. For its part, the trade department has also been lobbying for the ratification of RCEP as it is seen to “help restore business confidence and encourage more economic activities, particularly MSMEs [micro, small and medium enterprises], investors, service providers and professionals.” Likewise, on May 12, Trade Secretary Ramon Lopez placed on top of the list of priority programs for the incoming administration the continuity of economic reforms such as those embodied in the recently enacted amendatory laws: the Public Service Act (PSA), Retail Trade Liberalization Act (RTLA) and Foreign Investments Act (FIA).

Meat processors seek EO to keep imported pork tariffs at low rates By Jasper Emmanuel Y. Arcalas @jearcalas

EAT processors are hoping that President Duterte will soon issue an executive order (EO) that would maintain the lower tariffs on imported pork to avert an increase in meat prices, which could further fuel the country’s rising inflation. Philippine Association of Meat Processors Inc. (PAMPI) Executive Director Felix Tiukinhoy said they remain “hopeful” that Duterte will issue the new EO within the week as Congress is set to resume on Monday (May 23). The power of the President to modify tariff rates is only in effect when Congress is not in session. “We are working on it to extend it. We are hopeful that by the end of this week there will be a new order,” Tiukinhoy told reporters on the sidelines of the British Meat Trade Mission in Makati on Wednesday. “We talked to the economic managers to help us with this, otherwise, there will be inflationary [impact] if we do not reduce or maintain the [current] tariff rates,” Tiukinhoy added. Tiukinhoy explained that meat shipments continue to enter the country and are still being levied with lower tariffs under Executive Order (EO) 134. Under EO 134, tariffs on pork were lowered to as low as 10 percent for in-quota imports and 20 percent out-quota imports. The tariff rates eventually were raised to 15 percent (for in-quota) and 25 percent (for outquota) from August 17 to May 17. Once EO 134 expires, the tariff rates on imported pork shall revert to their regular levels of 30 percent for in-quota volume and 40 percent for out-quota imports. However, a Bureau of Customs

document showed that the lower tariffs under EO 134 started last May 18, 2021, thus its ex pir y would fall on Wednesday (May 18, 2022). The Tariff Commission’s online tariff finder also shows that the reversion of pork tariffs to 30 percent and 40 percent level would start on May 19. The British Chamber of Commerce Philippines (BCCP) has thrown its support behind the extension of lower pork tariffs. BCCP Executive Director Chris Nelson said the lower tariffs have been both beneficial to both Filipino consumers and meat exporters. “Our understanding is there is another EO that is going to be prepared. The importation of additional pork has been a benefit not just to the UK, but has been a key factor in consideration of bringing down prices,” Nelson told reporters on the sidelines of the same event in Makati City. “We are hopeful a new order would be implemented. Obviously, that would benefit the continuation of the imports,” Nelson added. The BusinessMirror broke the story last month that the Committee on Tariff and Related Matters (CTRM) approved the reduction of corn tariff rates and the extension of current duties on pork and rice to mitigate the impact of global economic challenges on domestic food prices. (Related story: https://businessmirror. com.ph/2022/04/25/govt-turnsto-tariff-tweaks-vs-inflation/) National Economic and Development Authority (Neda) OIC Mercedita A. Sombilla confirmed to the BusinessMirror numerous approvals made by the CTRM regarding the tariffs on imported corn, pork and rice. Sombilla confirmed the approval of extending lower pork and rice corn tariffs until the end of the year.

ARCHERS Abby and Pia Bidaure and Phoebe Amistoso hug after their gold medal-winning performance, Johann Chua takes a shot on his way to the men’s 9-ball title and Kayla Richardson drapes herself with the country’s colors after emerging as the fastest woman of the 31st Southeast Asian Games. NONIE REYES

PHL hangs on to 3rd place with lean 3-gold haul By Jun Lomibao Sports Editor

ANOI—Filipino-American Kayla Richardson emerged as the fastest woman of the 31st Southeast Asian Games on Wednesday when only three gold medals were added to the Filipino athletes’ coffers that imperiled the country’s grip of third place in the overall medals race. Richardson ably filled the void left by her more illustrious teammate Kristina Knott when she snatched the women’s 100 meters gold that went with victories by the women’s archery team of Abby Bidaure and sister Pia and Phoebe

Amistoso and the men’s 9-ball triumph of Johann Chua. The lean three-gold haul allowed Team Philippines—backed by the Philippine Olympic Committee and the Philippine Sports Commission whose chairman, William Ramirez celebrated his 72nd birthday Wednesday—to hold on to third place by a hair. The Philippines hiked its tally to 36 gold, 45 silver and 59 bronze medals, but Indonesia was one gold behind with 35 that went with 48 silvers and 44 bronzes. Singapore also threatened with 35 golds on top of 31 silver and 42 bronze medals at fifth in the medal tally board where host Vietnam

looked unreachable with a haul of 118-72-69. Richardson, a slow starter, picked up the pace halfway through and held steady to win the eightrunner field in 11.6 seconds. Shanti Pereira, the 200 meters queen from Singapore, clocked 11.62 seconds for the silver medal and Thailand’s Supanich Poolkerd placed third in 11.66 seconds. Chua won the all-Filipino final with reigning US Open champion and buddy Biado, 9-6. “It’s my first time in the SEA Games and I was so nervous,” Chua, 29, said. “I couldn’t get over this one yet, it’s really different when you compete for flag and country.”

Chua fell on his knees after the winning shot and gave Biado, his roommate at the team hotel, a right bear hug. Archery contributed its first gold following a 26-25 nail-biter over Vietnam in a thrilling shoot-off for the women’s team recurve title at the Hanoi National Training Center. Abby Bidaure, 20, emerged as the heroine for Team Philippines, hitting the bullseye in the final arrow of the shoot-off for a 10 with just 10 seconds left on the clock. They battled back with a 57-49 win in the fourth frame after trailing 1-2 in the first three, forcing a shoot-off that came down to Abby’s winning shot.

Companies

Editor: Jennifer A. Ng

Thursday, May 19, 2022

Strong demand for homes buoys CPG income in Q1

By VG Cabuag

@villygc

entury Properties Group Inc. (CPG) said its income in the first quarter rose 22 percent to P249.43 million from last year’s P204.58 million, as its affordable housing and leasing business segments performed well during the period.

The company said it had P2.61 billion in consolidated revenues in January to March, up by 26 percent from P2.07 billion last year. CPG’s affordable housing arm, Phirst Park Homes Inc., a joint venture with Mitsubishi Corp.,

contributed P1.2 billion or 46 percent of total revenues. This is a significant increase from its 22 percent contribution in the same period last year, the company said. The balance came from the incity vertical and leasing segments

contributing 42 percent and 8 percent, respectively. “The strong sales take-up and on-schedule land development, house constructions and unit turnovers of our affordable housing projects saw the revenues from this segment growing by 61 percent, significantly adding to the revenues generated from leasing business and in-city vertical development projects,” Ponciano S. Carreon Jr., the company’s CFO, said. With already 10 communities as of December, Phirst Park Homes Naic was launched in March while four more are lined up for launch this year. As of end-March, the company has already completed 3,953 affordable houses, 2,678 of which have already been turned over. “The company’s strategy of de-

ploying resources on segments and projects to focus on commitments to deliver to our buyers grew this quarter’s revenue while at the same time keeping our balance sheet and liquidity levels healthy,” CPG President and CEO Marco Antonio said. “We have been continuously turning over units in our affordable housing projects as well as units in our vertical development projects such as The Resort Residences at Azure North, The Residences at Commonwealth, and Century Spire. We see the residential sector strong and, given the overall re-opening of the economy, even further recovering in the second half. Thus, we are going full steam ahead with our horizontal projects and managed launchings for our vertical segments in the coming months.”

Gucci forms joint venture with SSI T

he Tantoco-led SSI Group Inc. on Wednesday said it has signed a deal with Gucci’s G Distribution B.V. to form a joint venture company that will accelerate the growth of the Italian luxury goods manufacturer in the Philippines. In its disclosure, SSI’s whollyowned unit Stores Specialists Inc. will form a company with Gucci which it will call Luxury Goods Philippines Inc. (LGPI). The board of SSI approved the execution of the joint venture agreement on May 17, the company said. SSI is already operating a flagship

Gucci store in Makati, but the company said the deal “further strengthens” the cooperation between Gucci and SSI. The company said it “is expected to further accelerate the growth of the Gucci brand in the Philippines and enable operating efficiencies, as Gucci and SSI transition from a franchisor-franchisee relationship, to joint venture partners.” Luxury Goods will have an initial capital of P350 million, with SSI owning 25 percent of the company and Gucci owning the remaining 75 percent.

“LGPI is expected to commence operations on June 1, 2022, and shall own and operate Gucci stores in the Philippines,” the company said. For the first three months of the year, SSI said its income reached P67.7 million, a reversal of last year’s P99.49-million loss. Sales rose to P4.49 billion for the period, a 28-percent growth from last year’s P3.52 billion, as the group continued to see a recovery from the pandemic. Sales and foot traffic picked up in February and March after the peak of infections in January. “Despite challenging operating

conditions related to the Covid pandemic during the first three quarters of the year, during the fourth quarter, with Covid cases relatively controlled, the Group capitalized on strategies put in place to ensure responsiveness to changing market conditions, and converted improving consumer confidence and mobility into sales and profitability. Apart from a return to profitability, the Group saw extremely strong cash flow generation in 2021,” Anthony T. Huang, the company’s president, said. VG Cabuag

Metro Retail URC’s Thailand unit bags environment award posts profit in Jan-Mar

etro Retail Stores Group Inc. said it posted an income of P33.34 million in the first quarter, from last year’s P126.47-million loss, due to rising consumer spending. Prior to its report on its first quarter performance, the company had incurred losses for seven consecutive quarters. Net sales in January to March jumped by 23 percent to P8.51 billion as against P6.92 billion last year. The increase was mainly driven by the 23 percent rise in comparable store sales and the contribution of four new stores that opened last year. Both its food retail and general merchandise businesses grew by 21 percent and 29 percent, respectively, the company said. “Our positive financial outcome attests to our continuous efforts in increasing efficiency, improving merchandise assortment and sourcing, and expanding omnichannel strategy,” Metro Retail president and COO Manuel Alberto said. “As we head on to our recovery and growth, Metro Retail Stores will keep its thrust on putting customers at the center of its business. We will continue to offer a great shopping experience to our existing and future customers.” The company said it continued to improve its operating efficiency as a result of its ongoing implementation of cost-saving measures and optimization initiatives. This is seen in the improvement of operating expense to sales ratio to 18 percent from 21.4 percent last year. VG Cabuag

URC’s Thailand subsidiary receives the Good Environmental Governance Award 2021 from the Industrial Estate Authority of Thailand. In photo: Wattawut Ueaphumirat (left), Integrated Supply Chain Director, URC (Thailand) Co., Ltd., and Witoon Ekpiriyamont, Environment Health and Safety Manager. Contributed Photo

niversal Robina Corp.’s (URC) subsidiary in Thailand has been recognized with the Good Environmental Governance Award 2021 for two of its facilities at the Samut Sakhon Industrial Estate, southwest of Bangkok. “It’s an honor to be recognized for our excellent business conduct in all aspects of our operations,” said Tanant Suwanraks, general manager of URC Thailand. “ This award inspires us to strengthen our sustainability practices and ensure that we continue to meet good environmental governance standards,” he added. The award, in recognition of two URC Thailand plants (4 and 6), was presented by Dr. Veeris Ammarapala, governor of the Industrial Estate Authority of Thailand. In 2018, the company was awarded the same Good Environmental

Governance Award for plants 1 and 3. URC Thailand has been operating since 1992 and currently has five manufacturing facilities in the country. It produces some of Thailand’s top snacks under the Jack ‘n Jill brand such as Dewberry, Cream-O, Roller Coaster, Tivoli, Lausanne, Dynamite, Lush and Fun-O, which was awarded as Thailand’s most admired biscuit brand in 2021. URC Thailand’s two plants met criteria set by the Industrial Estate Authority of Thailand, including information accessibility and accuracy; community participation in problem solving; transparency; social responsibility; rule of law legitimacy; justice principles and returning benefits to society; and community, as well as, factory sustainability and harmony. “As we live up to our purpose of delighting Thai consumers with good food choices, we’ll strive to become

more environmentally conscious and prioritize business conduct through our URGreen program,” said Suwanraks. Last year, URC Thailand set goals for its “URGreen” program in line with the six sustainability focus areas of its mother company in the Philippines. URC has been actively spearheading projects to help improve people’s capabilities leading to better livelihood (People & Communities); to move towards a low-carbon economy (Climate Action); to improve water efficiency and protect watersheds (Water); to improve its product portfolio (Product); to reduce its packaging footprint (Packaging); and to promote responsible sourcing of key ingredients (Sourcing). These initiatives are in line with the United Nations Sustainability Developmental Goals.

Austal: VAT makes ships more costly By Cai U. Ordinario @caiordinario

ustr alian shipbuilder Austal said the value added tax (VAT) was among the reasons for the higher quotation for the offshore patrol vessels (OPVs) that the company wants to supply to the Philippine government. Austal Asia Regional Director Dave Shiner told reporters in a briefing on Tuesday that the VAT is a necessary item in the computation of the project cost and is one of the reasons for the higher costing. Reports indicated that the Department of National Defense (DND) said Austal’s costing for the six offshore patrol vessels (OPVs) was P12 billion more than the P30-billion budget set for the procurement. “VAT would apply to an onshore bidder (but) this does not apply to an offshore business. So in our view that is not helping or assisting the development of sovereign technical capability. We believe there potentially is an opportunity to see VAT exemptions, but that would require further legislation,” Shiner said. Shiner also said using a “fixedprice approach” for a program like the procurement of OPVs that could extend to as long as seven years would be “difficult,” especially in a post-Covid economy. “A fixed component, particularly post-Covid, where you have fluctuation not only in labor and materials escalation, but also in foreign exchange rate variation. And again, there are perhaps other more efficient, efficient ways to deal with that commercial rather than having to price that as a fixed number,” Shiner said. Despite this, Shiner said Austal is still open to working with other shipbuilders and designers, including South Korean shipbuilder Hyundai

Heavy Industries (HHI) which has been chosen by the DND to undertake the project. Shiner said Austal, having a presence in the country, could still build the six OPVs. He said having a builder located in the Philippines for a project that is intended for the country would be “advantageous for the government.” Shiner also said he believed Austal’s OPV technology “is a strong technical solution” that would benefit the government’s project. “We are aware there are other bidders (and) Austal remains open to talking to other shipbuilders and designers, with their proposals to ensure that other people’s platforms could be actually physically built in the country. So we would be delighted to talk to HHI [Hyundai Heavy Industries] for example, to see whether they had any interest in discussing a (possible arrangement for the project).” In April, BusinessMirror reported that the DND has turned its attention to two other proponents, the South Korean company Hyundai Heavy Industries (HHI) and Turkish defense contractor ASFAT to build the six OPVs. HHI is the same company that delivered the two frigates of the Navy and is currently building the two corvettes also for the Navy, while ASFAT is a prospective player in the modernization program of the Armed Forces of the Philippines. Turkey as a country has been the source of the recently delivered attack helicopters for the Philippine Air Force. Defense Sec ret a r y De l f i n Lorenzana said that the cancellation of the project with Austal would unlikely affect the country’s relations with Australia, saying it was not the government that changed the original contract.

Companies BusinessMirror

Thursday, May 19, 2022

GMA Network optimistic of hitting 2022 profit goal

By Lorenz S. Marasigan

@lorenzmarasigan

MA Network Inc. aims to surpass its 2021 record and post a profit of P8.2 billion this year, its chairman announced on Wednesday.

Aside from the profit guidance, GMA Chairman Felipe L. Gozon said the company is spending P2 billion in capital expenditures (capex) this year. “The company’s projected net income after tax this year is pegged at P8.2 billion, while capex for 2022 is estimated at about P2 billion,” he said during the company’s annual stockholders meeting. GMA recorded a 26-percent rise in net income last year, ending 2021 with P7.57 billion in record profits.

With its profit guidance for the year, GMA is expected to record slower growth, which the BusinessMirror estimates to be at 9.33 percent, despite 2022 being an election year. Historically, election years have been periods of massive growth for broadcasters like GMA. It should also be noted that GMA lost its only major competitor ABS-CBN Corp., which was denied a Congressional franchise two years ago. “We are optimistic that earnings post-election heading into fiscal year

2023 will be on track as projected,” Gozon said.

through the peaceful People Power Revolution. “We have no reason to believe that our relationship with the new government will not be friendly, harmonious, and proper,” he added.

Relationship with new govt

When asked how the network perceives its operations post elections, especially with the return of the Marcoses in power, Gozon noted that his group is confident that it will have a “harmonious relationship” with the government. “Because we are compliant with requirements of our congressional franchise and other applicable laws, we do not expect that we will be encountering legal problems with the new government,” he said. Ferdinand Marcos Jr., the namesake and son of the late strongman Ferdinand Marcos Sr., is expected to be proclaimed as the country’s new president, after taking a massive lead against his opponents. His father’s administration was known globally for being ousted

Expanding partnerships

In the same event, Gozon said GMA is looking at expanding its partnership with ABS-CBN. “We are currently in talks with ABS-CBN for another fresh batch of movies for acquisition. We are waiting for the available movie list from them for our team’s review and consideration,” he said. Last month, GMA and ABS-CBN signed a deal for content sharing to air Star Cinema movies on GMA 7. “After we have broken the ice, the door is now open for other partnerships with ABS-CBN that will be mutually beneficial to both of us,” Gozon said.

PSE STOCK QUOTATIONS

By VG Cabuag @villygc

& Bernadette D. Nicolas @BNicolasBM

roperty developer Megaworld Corp. on Wednesday said it has no outstanding or unpaid tax liabilities needing any enforcement action of the Bureau of Internal Revenue (BIR). “It is being regularly audited by the Large Taxpayers Service of the BIR Head Office, and all its tax returns up to taxable year 2020 have been examined, and all previous deficiency assessments have already been paid for by the company and duly cleared by the BIR Head Office,” the company led by businessman Andrew Tan said in a statement. The tax agency released a notice to the media on Tuesday that it is issuing a closure order on Megaworld, which was scheduled on Wednesday. Later that day, the agency released another statement that it is postponing the event until further notice. “Representatives from Megaworld Corp. manifested their full cooperation with all the requirements of the Bureau of Internal Revenue,” according to the media advisory signed by BIR Regional Director Eduardo L. Pagulayan Jr. Megaworld, however, claimed it has not received any closure order approved by the commissioner of the BIR. “There was an initial disagreement with the BIR Regional Office 8-B after we raised some issues with regard to their jurisdiction on conducting tax audit of some of our properties, but the matter has been clarified and resolved yesterday (Tuesday),” Megaworld said.

“For pending tax audits, the company continues to maintain its stance of full cooperation with the tax authorities in accordance with their mandate to collect badly needed revenues for the government.”

Jurisdiction

Responding to the company’s statement, the BIR argued that its regional office has jurisdiction over the conduct of the “investigation involving the verification of tax on the One Time Transaction (ONETT) on the sale of properties by Megaworld.” BIR Deputy Commissioner Arnel Guballa told the BusinessMirror that Megaworld initially refused to comply with the BIR’s audit, prompting the supposed issuance of the closure order. “At first instance, Megaworld refused to comply with BIR audit. Failure to comply with the BIR audit is a ground for closure,” Guballa said. “Yesterday, it was resolved that Megaworld will now comply with the audit. Hence, closure was set aside. Now, investigation is ongoing,” he added. According to Guballa, the BIR Regional Office 8-B maintains its position that it has jurisdiction over such enforcement activity, as supported by a Revenue Special Order. “Although Megaworld is considered as a Large Taxpayers Service, ONETT falls under the jurisdiction of the BIR Regional Offices,” Guballa said in a statement. “Furthermore, the said properties being subjected to investigation are located within the premises of Taguig City, which again, clearly falls within the jurisdiction of the said BIR regional office, and not of the Large Taxpayers Service.”

mutual funds

May 18, 2022

NAV

One Year Three Year Five Year

per share Return*

Y-T-D Return

Stock Funds ALFM Growth Fund, Inc. -a

211.94

4.22%

-5.54%

-4.89%

-9.07%

ATRAM Alpha Opportunity Fund, Inc. -a

1.4284

15.04%

-3%

-1.24%

-14.17%

5.4%

-9.28%

-7.33%

-9.69%

Climbs Share Capital Equity Investment Fund Corp. -a 0.7188 1.2%

-7.02% n.a.

-4.98%

First Metro Consumer Fund on MSCI Phils. IMI, Inc. -a 0.6772 1.24%

-6.57% n.a.

-12.15%

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

6.72%

-2.85%

-2.34%

-7.76%

0.7104

11.35%

-5.07%

-5.65%

-12.95% n.a.

-15.21%

ATRAM Philippine Equity Opportunity Fund, Inc. -a 2.9242

4.7805

First Metro Save and Learn Philippine Index Fund, Inc. -a MBG Equity Investment Fund, Inc. -a

80.07

-13.88%

PAMI Equity Index Fund, Inc. -a

43.5199

5.02%

-4.14%

-3.48%

Philam Strategic Growth Fund, Inc. -a

454.59

3.93%

-4.22%

-3.57%

-9.21%

Philequity Dividend Yield Fund, Inc. -a

1.2921

20.18%

0.77%

-0.03%

-4.73%

Philequity Fund, Inc. -a

-9.57%

33.2826

6.59%

-3.47%

-2.32%

-9.05%

Philequity MSCI Philippine Index Fund, Inc. -a

0.8596

6.33%

-4.44% n.a.

-8.69%

Philequity PSE Index Fund Inc. -a

4.5058

6.09%

-3.44%

-2.84%

-9.17%

Philippine Stock Index Fund Corp. -a

750.02

5.6%

-3.52%

-2.92%

-9.47%

Soldivo Strategic Growth Fund, Inc. -a

0.6739

4.82%

-9.21%

-5.71%

-10.46%

Sun Life Prosperity Philippine Equity Fund, Inc. -a 3.3873

4.49%

-6.43%

-4.27%

-10.28%

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

0.8543

5.34%

-3.83%

-3.15%

United Fund, Inc. -a

4.99%

-4.1%

-2.04%

-8.37%

3.1495

-9.31%

-9.55%

Primarily invested in Peso securities (units) Philequity Alpha One Fund, Inc. -a

1.0741

Philippine Stock Index Fund Corp. -a

914.77 n.a. n.a. n.a. n.a.

7.29% n.a. n.a.

-7.62%

Exchange Traded Fund (shares) First Metro Phil. Equity Exchange Traded Fund, Inc. -a,c 101.2665

6.27%

-3.26%

-2.48%

-9.16%

Primarily invested in foreign currency securities (shares) $0.9202

-25.11%

-1.84%

-1.11%

-18.31%

Sun Life Prosperity World Voyager Fund, Inc. -a $1.5137

ATRAM AsiaPlus Equity Fund, Inc. -b

-11.18%

6.29%

5.66%

-18.02%

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

1.5456

-3.69%

-2.3%

-2.75%

-8.65%

ATRAM Philippine Balanced Fund, Inc. -a

2.1288

0.53%

-1.74%

-1.97%

-6.69%

3.43%

-0.05%

-0.27%

-5.1%

First Metro Save and Learn Balanced Fund Inc. -a 2.5537

First Metro Save and Learn F.O.C.C.U.S. Dynamic Fund, Inc. -a 0.1972

6.65% n.a. n.a.

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

0.42%

1.9063

1.91%

0.07%

-5.47%

PAMI Horizon Fund, Inc. -a

3.5077

0.3%

-0.75%

-1.19%

-6.84%

Philam Fund, Inc. -a

15.7233

0.28%

-0.98%

-1.25%

-6.66%

Solidaritas Fund, Inc. -a

2.0006

2.09%

-1.44%

-1.35%

-5.69%

1.6%

-3.4%

-2.16%

-7.41%

7.86%

-2.89%

-1.75%

-7.71%

Sun Life of Canada Prosperity Balanced Fund, Inc. -a 3.3768 Sun Life Prosperity Dynamic Fund, Inc. -a

0.8806

-5.65%

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

0.9134

-3.66%

-1.95% n.a.

-7.72%

Sun Life Prosperity Achiever Fund 2038, Inc. -a

0.853

0.83%

-3.8% n.a.

-9.69%

Sun Life Prosperity Achiever Fund 2048, Inc. -a

0.841

1.61%

-4.14% n.a.

-9.95%

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

$0.03353

-11.53%

-2.75%

-1.18%

-11.62%

$0.9254

-17.6%

-1.24%

-0.73%

-13.28%

Sun Life Prosperity Dollar Advantage Fund, Inc. -a $4.0684 -10.79%

3.61%

3.71%

-15.28%

Sun Life Prosperity Dollar Wellspring Fund, Inc. -a,2 $1.04 -11.24%

-0.1%

0.72%

-13.23%

PAMI Asia Balanced Fund, Inc. -b

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

372.65

0.41%

2.25%

2.33%

ATRAM Corporate Bond Fund, Inc. -a

1.8873

-1.35%

-0.02%

0.13%

0.14%

Cocolife Fixed Income Fund, Inc. -a

3.232

0.26%

2.18%

3.43%

-0.37%

2.1945

-2.95%

0.42%

0.93%

-2.53%

Ekklesia Mutual Fund Inc. -a

-0.44%

First Metro Save and Learn Fixed Income Fund,Inc. -a 2.4118 -0.89%

2.04%

1.75%

-0.59%

Philam Bond Fund, Inc. -a

4.2355

-5.46%

1.37%

0.91%

-3.64%

Philam Managed Income Fund, Inc. -a

1.3137

-0.7%

3.02%

2.73%

-0.41%

Philequity Peso Bond Fund, Inc. -a

3.8771

-2.35%

2.28%

2.18%

-2.24%

Soldivo Bond Fund, Inc. -a

1.0079

-1.87%

1.75%

-1.97%

Sun Life of Canada Prosperity Bond Fund, Inc. -a 3.1389

-1.71%

2.67%

2.8%

-1.52%

Sun Life Prosperity GS Fund, Inc. -a

-2.41%

1.85%

2.08%

-1.79%

1.6997

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

$481.7

-0.48%

1.88%

1.9%

-1.61%

ALFM Euro Bond Fund, Inc. -a

Є213.39

-2.89%

-0.42%

0.22%

-3.01%

ATRAM Total Return Dollar Bond Fund, Inc. -b $1.0647

-9.29%

-3.09%

-1%

-11.56%

-1.2%

-0.32%

-5.77%

First Metro Save and Learn Dollar Bond Fund, Inc. -a $0.0245 -5.41% PAMI Global Bond Fund, Inc -b

$0.9006

-13.99%

-5.58%

-3.4%

-11.95%

Philam Dollar Bond Fund, Inc. -a

$2.2294

-10.2%

-0.75%

0.17%

-11.03%

$0.0608771

-3%

1.33%

1.3%

-2.27%

Sun Life Prosperity Dollar Abundance Fund, Inc. -a $2.7607 -12.03%

-2.7%

-1.45%

-13.63%

Philequity Dollar Income Fund Inc. -a

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

131.72

1.26%

2.34%

2.51%

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

1.0623

1.04%

1.66% n.a.

0.4%

Sun Life Prosperity Peso Starter Fund, Inc. -a,1 1.3234

1.53%

2.24%

2.49%

0.43%

0.59%

Primarily invested in foreign currency securities (shares) Sun Life Prosperity Dollar Starter Fund, Inc. -a $1.063

0.59%

1.21% n.a.

0.23%

Feeder Funds Primarily invested in Peso securities (units) ALFM Global Multi-Asset Income Fund Inc. -a

43.3174 n.a. n.a. n.a. n.a.

Sun Life Prosperity World Equity Index Feeder Fund, Inc. -a 1.1982

-1.66% n.a. n.a.

-13.36%

Primarily invested in foreign currency securities (units) ALFM Global Multi-Asset Income Fund Inc. -a

$0.8516

-13.98% n.a. n.a.

-12.21%

FINANCIALs

ASIA UNITED BDO UNIBANK BANK COMMERCE BANK PH ISLANDS CHINABANK CITYSTATE BANK EAST WEST BANK METROBANK PB BANK PHIL NATL BANK SECURITY BANK UNION BANK BRIGHT KINDLE COL FINANCIAL FERRONOUX HLDG FILIPINO FUND IREMIT NTL REINSURANCE PHIL STOCK EXCH SUN LIFE

43,930 317,658,462 934,852 375,504,580.50 5,323,090 799 2,993,272 128,722,220.50 19,234 1,319,990 255,980,737.50 7,273,149 755,680 379,020 19,530 4,850 690 600 93,999 59,510

4,370 -21,338,788 147,702,841 -1,372,357 12,857,082.50 -19,234 -41,383,968.50 -474,633.50 -

INDUSTRIAL AC ENERGY 7.04 7.05 6.8 7.06 6.77 7.04 22,065,300 154,422,574 1.01 1.03 1.05 1.05 0.99 1.01 802,000 807,910 ALSONS CONS ABOITIZ POWER 29.5 29.55 29.55 29.9 29.5 29.5 1,316,600 39,079,380 0.395 0.4 0.4 0.405 0.39 0.4 3,420,000 1,360,350 BASIC ENERGY 19.98 20 20.8 20.8 19.98 20 993,700 19,907,864 FIRST GEN FIRST PHIL HLDG 67.5 68 68 68.35 66.5 67.5 9,000 611,857.50 359.4 360 330 360 330 360 580,780 202,737,350 MERALCO 17.6 17.64 17.86 17.86 17.5 17.64 1,188,100 20,984,522 MANILA WATER PETRON 3.29 3.3 3.3 3.32 3.29 3.3 593,000 1,958,810 4.99 5 5 5 5 5 140,300 701,500 PETROENERGY PHX PETROLEUM 9.81 9.97 9.9 9.97 9.81 9.97 148,300 1,462,419 12.1 12.12 12.3 12.3 11.98 12.1 4,205,900 50,860,272 SYNERGY GRID 17.98 18 17.5 18 17.4 17.98 190,400 3,377,760 PILIPINAS SHELL SPC POWER 13.28 13.3 13.26 13.5 13.24 13.3 408,800 5,436,132 SOLAR PH 1.76 1.77 1.77 1.82 1.74 1.77 45,941,000 81,945,900 4.68 4.78 4.81 4.81 4.69 4.78 19,000 90,210 AGRINURTURE AXELUM 2.43 2.47 2.45 2.47 2.42 2.47 265,000 652,320 11.44 11.46 11.52 11.52 11.4 11.44 17,800 204,502 CNTRL AZUCARERA 21.6 21.75 21.7 21.75 21.5 21.6 890,800 19,248,495 CENTURY FOOD DEL MONTE 13.02 13.16 13.02 13.38 13 13.16 234,700 3,074,128 7.18 7.2 7.15 7.3 7.15 7.2 403,600 2,914,521 DNL INDUS 19.2 19.34 19.04 19.36 19 19.2 2,591,700 49,838,500 EMPERADOR SMC FOODANDBEV 61.45 62 61.8 62 61.45 62 55,820 3,452,653.50 0.495 0.5 0.485 0.5 0.485 0.495 3,180,000 1,568,850 FIGARO COFFEE 0.59 0.61 0.59 0.6 0.59 0.59 33,000 19,760 ALLIANCE SELECT FRUITAS HLDG 1.03 1.04 1.02 1.04 1.01 1.04 3,211,000 3,280,430 108.2 109.5 108.2 108.2 107.5 108.1 40,970 4,410,694 GINEBRA JOLLIBEE 211.8 212.2 207.2 213.2 207 212.2 1,002,430 212,325,080 KEEPERS HLDG 1.18 1.19 1.16 1.2 1.16 1.19 2,209,000 2,631,070 5.5 5.6 5.82 5.82 5.5 5.5 69,400 384,798 MAXS GROUP MONDE NISSIN 14.8 14.94 14.6 14.94 14.5 14.94 18,463,700 273,606,342 SHAKEYS PIZZA 7.36 7.4 7.42 7.42 7.35 7.4 77,400 572,983 0.58 0.59 0.52 0.68 0.51 0.59 9,379,000 5,257,890 ROXAS AND CO RFM CORP 4.11 4.3 4.3 4.3 4.29 4.3 17,000 73,070 1.18 1.2 1.17 1.17 1.17 1.17 11,000 12,870 ROXAS HLDG 0.1 0.101 0.101 0.101 0.101 0.101 60,000 6,060 SWIFT FOODS UNIV ROBINA 106.4 106.5 107.4 108.4 105.6 106.5 927,250 99,097,786 0.62 0.64 0.64 0.64 0.62 0.62 67,000 42,360 VITARICH 2.48 2.89 2.67 2.89 2.67 2.89 2,000 5,560 VICTORIAS CEMEX HLDG 0.73 0.74 0.72 0.76 0.72 0.73 796,000 584,450 12.52 12.92 12.4 12.6 12.4 12.6 24,900 309,380 EAGLE CEMENT EEI CORP 3.59 3.6 3.78 3.78 3.57 3.6 391,000 1,414,240 HOLCIM 5.27 5.3 5.28 5.3 5.25 5.27 78,700 414,209 4.5 4.56 4.42 4.56 4.4 4.56 99,000 445,300 MEGAWIDE PHINMA 19.8 19.9 19.9 19.9 19.9 19.9 13,100 260,690 0.7 0.75 0.71 0.75 0.69 0.75 294,000 206,820 TKC METALS 0.86 0.87 0.82 0.87 0.82 0.86 1,610,000 1,357,460 VULCAN INDL CROWN ASIA 1.81 1.85 1.81 1.85 1.81 1.85 88,000 159,640 1.08 1.1 1.08 1.08 1.08 1.08 37,000 39,960 EUROMED 5.33 5.56 5.59 5.59 5.3 5.56 205,600 1,091,660 PRYCE CORP CONCEPCION 18.18 18.94 18.94 18.94 18.94 18.94 269,900 5,111,906 1.49 1.51 1.5 1.52 1.49 1.51 6,858,000 10,264,530 GREENERGY 7.06 7.13 7 7.13 7 7.13 32,500 228,586 INTEGRATED MICR IONICS 0.6 0.65 0.66 0.66 0.6 0.6 43,000 27,090 6.41 6.45 6.4 6.45 6.39 6.45 25,400 162,996 PANASONIC 1.09 1.1 1.1 1.1 1.08 1.1 34,000 37,160 SFA SEMICON CIRTEK HLDG 2.85 2.86 2.81 2.85 2.73 2.85 274,000 772,750

-2,562,575 -27,068,170 -435,182 -14,125 75,764,120 -12,833,388 165,000 10,672,472 401,710 4,597,250 -57,120 -250,200 3,832,400 -459,700 340,589 889,296.00 -829,679.50 5,140 4,254,992 -90,737,718 92,484,988 -381,328 -507,460 -47,300 -27,854,217 -76,450 276,620 -10,860 -15,970 2,160 -4,935,764 -597,050 -28,170 -8,520

ABACORE CAPITAL ASIABEST GROUP AYALA CORP ABOITIZ EQUITY ALLIANCE GLOBAL ANSCOR ANGLO PHIL HLDG ATN HLDG A ATN HLDG B COSCO CAPITAL DMCI HLDG FJ PRINCE A GT CAPITAL HOUSE OF INV JG SUMMIT LODESTAR LOPEZ HLDG LT GROUP MABUHAY HLDG METRO PAC INV PACIFICA HLDG PRIME MEDIA REPUBLIC GLASS SM INVESTMENTS SAN MIGUEL CORP TOP FRONTIER WELLEX INDUS ZEUS HLDG

43.8 127 11.68 96.3 27 7 7.28 52.25 8.03 18.84 95 75.1 2.16 3.48 2.14 4.58 0.73 0.61 199.9 2,302

1.25 3.62 678 48 11.2 9.1 0.93 0.435 0.43 4.68 8.48 2.3 522 3.4 54.8 0.47 3.02 8.37 0.345 3.78 2.59 1.83 3 858 103 109.1 0.28 0.153

44 128 11.7 97 27.05 7.99 7.29 52.3 8.29 18.86 95.1 75.25 2.19 3.49 2.49 7.63 0.88 0.68 200 2,450

1.26 4.29 688 48.1 11.24 9.2 0.94 0.445 0.47 4.7 8.5 2.6 523 3.75 54.9 0.5 3.17 8.39 0.36 3.8 2.79 1.86 3.23 870 104.8 114 0.3 0.16

1.21 3.57 686.5 48 11.24 9.11 0.9 0.435 0.425 4.68 8.35 2.25 514.5 3.36 53 0.51 3.19 8.37 0.345 3.79 2.56 1.77 3.24 832 103.1 114 0.3 0.16

44 128.2 11.74 97.45 27.2 7.99 7.37 52.65 8.02 18.88 96 75.2 2.21 3.65 2.2 7 0.69 0.6 200 2,400

1.27 3.62 698.5 48.6 11.4 9.2 0.94 0.445 0.425 4.7 8.52 2.25 523 3.36 54.9 0.51 3.19 8.43 0.36 3.8 2.81 1.87 3.24 870 104.8 114 0.3 0.16

43.7 125.6 11.6 91.05 26.5 7.99 7.15 50.45 8.01 18.6 92.75 72.8 2.13 3.41 2.11 6.5 0.69 0.6 199.9 2,302

1.21 3.57 678 47.6 11.12 9.1 0.9 0.43 0.425 4.64 8.3 2.25 512.5 3.36 53 0.51 3.18 8.32 0.345 3.76 2.56 1.7 3.23 820 103 114 0.275 0.16

43.8 127 11.7 97 27.05 7.99 7.29 52.25 8.01 18.86 95 75.1 2.19 3.48 2.11 7 0.69 0.6 200 2,302

1.26 3.61 678 48.1 11.24 9.2 0.94 0.445 0.425 4.7 8.5 2.25 523 3.36 54.9 0.51 3.18 8.39 0.36 3.78 2.81 1.86 3.23 870 104.8 114 0.28 0.16

1,000 2,502,140 79,900 3,916,690 196,700 100 414,700 2,469,600 2,400 70,300 2,706,070 98,220 347,000 110,000 9,000 700 1,000 1,000 470 25

63,207,000 10,000 386,760 1,685,900 3,152,600 10,700 106,000 310,000 20,000 125,000 7,133,700 1,000 126,710 5,000 1,070,520 30,000 11,000 6,957,300 50,000 13,935,000 10,000 946,000 50,000 659,720 62,390 100 2,600,000 200,000

78,494,220 35,980 265,547,375 81,160,405 35,415,082 98,362 98,930 135,650 8,500 585,230 60,462,868 2,250 65,592,925 16,800 58,155,760.50 15,300 35,070 58,321,796 17,550 52,716,060 26,850 1,698,680 161,700 561,669,825 6,490,758 11,400 775,500 32,000

MINING & OIL ATOK 6.82 7.1 7.58 7.58 6.8 7.1 273,800 1,959,055 APEX MINING 1.62 1.63 1.62 1.62 1.57 1.62 1,630,000 2,611,780 5.87 5.92 5.9 5.91 5.82 5.86 33,000 193,171 ATLAS MINING 7.11 7.22 7.4 7.4 7.2 7.33 13,300 97,599 BENGUET A BENGUET B 7.12 7.2 6.92 7.2 6.92 7.2 3,300 22,892 0.209 0.249 0.209 0.249 0.209 0.249 1,800,000 378,000 COAL ASIA HLDG 2.57 2.65 2.58 2.68 2.57 2.57 63,000 163,460 CENTURY PEAK FERRONICKEL 2.46 2.5 2.48 2.5 2.46 2.5 2,526,000 6,292,290 0.185 0.189 0.176 0.189 0.173 0.189 2,330,000 409,010 GEOGRACE LEPANTO A 0.138 0.14 0.139 0.14 0.139 0.14 14,150,000 1,969,650 0.0098 0.01 0.01 0.01 0.01 0.01 2,000,000 20,000 MANILA MINING B 1.63 1.67 1.64 1.68 1.62 1.67 1,137,000 1,873,530 MARCVENTURES NIHAO 0.93 0.96 0.94 0.97 0.91 0.96 58,000 54,460 6.55 6.57 6.43 6.67 6.43 6.55 9,289,600 61,278,801 NICKEL ASIA 0.76 0.77 0.73 0.77 0.73 0.77 788,000 595,090 ORNTL PENINSULA PX MINING 4.28 4.29 4.25 4.35 4.22 4.28 593,000 2,532,610 31.2 31.25 30.2 31.65 30.2 31.25 6,900,200 215,283,690 SEMIRARA MINING 0.0061 0.0064 0.0061 0.0064 0.0061 0.0064 4,000,000 25,300 UNITED PARAGON ACE ENEXOR 12.88 13.16 13.46 13.96 12.6 12.88 434,400 5,666,040 0.011 0.012 0.011 0.011 0.011 0.011 8,700,000 95,700 ORNTL PETROL A 0.0092 0.0094 0.0092 0.0092 0.0092 0.0092 1,000,000 9,200 PHILODRILL PXP ENERGY 4.4 4.49 4.5 4.5 4.37 4.49 89,000 392,590 PREFFERED HOUSE PREF B 100.1 100.5 100.1 100.1 100.1 100.1 120 12,012 500 510 502 502 502 502 260 130,520 ALCO PREF D CEB PREF 44.75 45 43.95 44.75 43.95 44.75 6,100 269,975 100 102.3 100 102.3 100 102.3 10,460 1,046,115 CPG PREF A 99.6 100 99.6 99.6 99.6 99.6 20,320 2,023,872 DD PREF EEI PREF B 108.9 109.8 108.9 109 108.9 109 4,090 445,723 102.8 105.5 105.5 105.5 105.5 105.5 200 21,100 FGEN PREF G 1,000 1,010 1,010 1,010 1,010 1,010 6,895 6,963,950 GTCAP PREF A GTCAP PREF B 1,010 1,019 1,019 1,019 1,019 1,019 40 40,760 966 998 998 998 998 998 350 349,300 JFC PREF B MWIDE PREF 2B 100 101 99.5 101 99.5 101 1,090 108,740 96.5 99.9 98.7 99.9 98.7 99.9 5,060 502,398 MWIDE PREF 4 99 100.1 100.1 100.1 100.1 100.1 70 7,007 PNX PREF 3B PNX PREF 4 968.5 985 989 989 988 988 270 266,860 1,085 1,100 1,100 1,100 1,095 1,095 90 98,900 PCOR PREF 3B 77 78.1 77.6 77.9 77.6 77.9 82,340 6,410,284 SMC PREF 2F SMC PREF 2H 75.3 75.5 75.6 75.6 75.6 75.6 10 756 78.2 78.9 78.8 78.8 78.8 78.8 26,520 2,089,776 SMC PREF 2I 74.2 74.5 75 75 74.5 74.5 14,000 1,049,500 SMC PREF 2J SMC PREF 2K 74.1 74.85 74 74.1 73.95 74.1 1,500 111,052.50 55.25 55.5 55.5 55.5 55.5 55.5 7,270 403,485 TECH PREF B2D PHIL. DEPOSITARY RECEIPTS GMA HLDG PDR 10.7 11.2 10.68 11 10.5 11 38,900 411,124 WARRANTS TECH WARRANT 0.51 0.53 0.53 0.53 0.51 0.53 23,000 11,890

25,395,880 -46,136,475 -49,223,975 -5,142,008 230,570 5,731,213 20,704,265 4,347,389.50 -560,603.00 -4,943,690 81,677,220 863,067 -264,000 -32,000 -110,339,585 -379,270 6,120.00 -11,725,245.00 -140,400 -717,980 -12,650 -10,820,930 87,545.00 -403,920 -247,000 5,624,933 -643,360 -82,352,830 164,780 13,102,114 -2,695,320 8,962,112 5,534,626 205,602,900 -2,340 68,329,740 55,107,140 733,800 36,485,980 -10,001,650 -233,370 -880,438 1,402,570 62,992,022 8,302 -250,870 -51,870 -34,645,931 -114,400 -1,230,110 -8,400 -292,810 -12,150 -22,497,798 -53,200 -21,009,995.00 -19,720,215.50 -4,579,517.50 6,196,110 4,661,060 22,300 -98,640 48,100 -135,480 -466,970 -4,137 116,840 4,233,850 87,500 3,260 -15,363,648 107,130 17,757,540 -299,102 -157,810 5,922 17,020 8,492 -

SMALL & MEDIUM ENTERPRISES

2 - Adjusted due to stock dividend issuance last November 25, 2021.

"While we endeavor to keep the information accurate, the Philippine Investment Funds Association (PIFA) and its members make no warranties as to the correctness of the

EXHANGE TRADE FUNDS

newspaper’s publication and assume no liability or responsibility for any error or omissions. You may visit http://www. pifa.com.ph to see the latest NAVPS/NAVPU."

43.7 126.1 11.72 92.8 26.5 7.99 7.25 51.5 8.02 18.6 92.8 72.8 2.2 3.65 2.2 6.5 0.69 0.6 200 2,400

PROPERTY ARTHALAND CORP 0.55 0.56 0.56 0.56 0.56 0.56 1,000 560 4.01 6.89 6.89 6.89 6.89 6.89 600 4,134 ANCHOR LAND AYALA LAND 28.8 29 30 30 28.8 28.8 13,220,800 386,838,710 3.97 3.99 3.88 4.04 3.88 3.99 1,138,000 4,546,710 AYALA LAND LOG 16.5 16.9 16.92 16.92 16.92 16.92 300 5,076 ALTUS PROP ARANETA PROP 1.78 1.79 1.68 1.8 1.61 1.78 1,299,000 2,239,540 37.35 37.4 38.55 38.75 37.4 37.4 1,171,600 44,067,015 AREIT RT 0.77 0.8 0.78 0.8 0.78 0.8 236,000 184,820 A BROWN CITYLAND DEVT 0.7 0.72 0.72 0.72 0.72 0.72 13,000 9,360 0.091 0.093 0.091 0.093 0.091 0.093 590,000 53,710 CROWN EQUITIES CEB LANDMASTERS 2.78 2.84 2.69 2.84 2.68 2.84 1,153,000 3,226,320 CENTURY PROP 0.42 0.425 0.42 0.425 0.42 0.42 1,950,000 820,650 2.44 2.45 2.47 2.47 2.43 2.45 8,046,000 19,734,280 CITICORE RT DOUBLEDRAGON 7.94 8.24 7.53 8.3 7.53 8.24 235,000 1,876,258 DDMP RT 1.56 1.57 1.57 1.6 1.55 1.57 2,137,000 3,367,070 6.88 6.9 6.88 6.9 6.86 6.9 24,800 170,971 DM WENCESLAO EVER GOTESCO 0.248 0.249 0.25 0.25 0.243 0.249 1,580,000 390,410 7.33 7.35 7.3 7.37 7.25 7.33 1,157,800 8,482,162 FILINVEST RT 1 1.01 1 1.02 0.99 1.01 2,844,000 2,849,200 FILINVEST LAND GLOBAL ESTATE 0.88 0.89 0.89 0.89 0.88 0.88 544,000 478,760 10.26 10.52 10.24 10.6 10.24 10.52 25,200 262,418 8990 HLDG 0.9 0.91 0.91 0.91 0.91 0.91 26,000 23,660 PHIL INFRADEV KEPPEL PROP 2.8 3.49 2.85 2.85 2.85 2.85 2,000 5,700 0.78 0.81 0.77 0.77 0.77 0.77 15,000 11,550 CITY AND LAND 2.8 2.81 2.71 2.8 2.69 2.8 87,036,000 240,277,890 MEGAWORLD MRC ALLIED 0.213 0.214 0.215 0.217 0.212 0.214 3,610,000 771,770 16.82 16.86 16.8 17 16.42 16.82 3,024,000 50,837,030 MREIT RT PHIL ESTATES 0.39 0.395 0.395 0.395 0.395 0.395 20,000 7,900 2.5 2.59 2.52 2.6 2.4 2.59 1,170,000 3,008,510 PRIMEX CORP 7.14 7.15 7.2 7.34 7.15 7.15 5,891,000 42,632,416 RL COMM RT ROBINSONS LAND 18.4 18.48 18.18 18.94 18.1 18.48 1,336,300 24,555,514 PHIL REALTY 0.224 0.243 0.23 0.242 0.224 0.224 220,000 51,910 1.36 1.37 1.37 1.37 1.35 1.36 10,000 13,640 ROCKWELL SHANG PROP 2.48 2.57 2.59 2.59 2.48 2.58 5,000 12,610 2.79 2.93 2.92 2.93 2.92 2.93 10,000 29,250 STA LUCIA LAND 36.5 36.7 37.25 37.65 36.5 36.7 13,893,700 512,599,850 SM PRIME HLDG VISTAMALLS 3.21 3.41 3.21 3.21 3.2 3.2 7,000 22,430 0.92 1.02 0.9 1.03 0.9 1.02 13,000 12,710 SUNTRUST HOME 2.53 2.55 2.48 2.55 2.48 2.55 685,000 1,739,620 VISTA LAND SERVICES ABS CBN 9.5 9.6 9.7 9.79 9.5 9.5 180,400 1,726,535 11.3 11.36 10.52 11.3 10.52 11.3 2,051,800 22,672,884 GMA NETWORK MANILA BULLETIN 0.345 0.385 0.39 0.39 0.39 0.39 10,000 3,900 2,458 2,460 2,414 2,460 2,410 2,458 102,530 250,725,030 GLOBE TELECOM 1,971 1,982 1,964 1,984 1,950 1,971 183,585 361,499,480 PLDT APOLLO GLOBAL 0.045 0.047 0.046 0.047 0.045 0.045 561,800,000 26,094,000 28 28.4 28.2 28.45 28 28 15,892,900 448,921,035 CONVERGE 3.04 3.07 3.1 3.18 3.01 3.07 319,000 984,370 DFNN INC DITO CME HLDG 4.86 4.91 4.96 4.96 4.8 4.86 7,266,000 35,379,440 1.32 1.34 1.37 1.37 1.32 1.32 1,163,000 1,554,660 NOW CORP TRANSPACIFIC BR 0.29 0.295 0.295 0.3 0.29 0.295 1,860,000 546,100 6.85 6.9 6.9 6.9 6.9 6.9 16,000 110,400 2GO GROUP 13.96 14.18 13.98 14.2 13.96 13.98 74,400 1,041,946 ASIAN TERMINALS CHELSEA 1.57 1.6 1.54 1.6 1.52 1.6 146,000 225,730 45.75 45.8 45.3 45.8 45.3 45.75 71,000 3,240,220 CEBU AIR 217.6 217.8 204.4 217.8 204.4 217.8 2,164,690 461,958,272 INTL CONTAINER MACROASIA 5.01 5.02 5 5.05 4.9 5.01 527,000 2,642,020 0.92 0.94 0.94 0.94 0.92 0.92 20,000 18,700 METROALLIANCE A 6 6.1 5.93 6.1 5.93 6.1 17,300 103,610 PAL HLDG HARBOR STAR 0.69 0.72 0.72 0.73 0.71 0.71 135,000 97,010 0.103 0.104 0.082 0.104 0.081 0.103 459,620,000 42,749,570 BOULEVARD HLDG 10.46 14.72 14.74 14.76 14.74 14.76 3,200 47,230 GRAND PLAZA STI HLDG 0.345 0.35 0.35 0.35 0.35 0.35 100,000 35,000 1.23 1.27 1.24 1.27 1.2 1.27 932,000 1,132,640 BELLE CORP 6.44 6.49 6.55 6.56 6.38 6.44 14,376,300 93,153,440 BLOOMBERRY PACIFIC ONLINE 1.28 1.3 1.3 1.3 1.2 1.3 133,000 168,850 1.36 1.39 1.39 1.4 1.35 1.39 3,426,000 4,700,330 LEISURE AND RES PH RESORTS GRP 1.31 1.33 1.32 1.37 1.27 1.31 6,987,000 9,127,400 PREMIUM LEISURE 0.415 0.42 0.41 0.42 0.41 0.42 440,000 183,800 3.79 3.8 3.49 3.79 3.37 3.79 5,006,000 18,511,390 PHILWEB ALLDAY 0.4 0.41 0.405 0.41 0.4 0.405 4,460,000 1,805,150 ALLHOME 5.97 6 6.85 6.85 5.9 5.97 6,027,900 37,255,139 1.4 1.41 1.4 1.41 1.4 1.4 724,000 1,014,060 METRO RETAIL PUREGOLD 33.8 34.25 32.8 34.45 32.8 34.25 2,683,200 91,308,715 52.1 52.2 53 53.6 52.05 52.1 579,950 30,284,184 ROBINSONS RTL 54.2 54.95 54.95 55 50 54.2 109,900 5,941,913.50 PHIL SEVEN CORP SSI GROUP 1.27 1.28 1.29 1.3 1.26 1.27 6,979,000 8,896,040 27.6 28.1 28.2 28.65 27.5 27.6 505,800 14,152,660 WILCON DEPOT 0.217 0.225 0.22 0.223 0.216 0.216 2,000,000 436,530 APC GROUP EASYCALL 3.01 3.99 3.6 3.6 3.6 3.6 12,000 43,200 6.8 7 7 7 7 7 600 4,200 IPM HLDG MEDILINES 0.72 0.73 0.69 0.73 0.69 0.73 292,000 208,830 PRMIERE HORIZON 0.43 0.435 0.42 0.44 0.415 0.43 1,870,000 803,550

CTS GLOBAL HAUS TALK ITALPINAS MERRYMART XURPAS

a - NAVPS as of the previous banking day. b - NAVPS as of two banking days ago. c - Listed in the PSE. d - in Net Asset Value per Unit (NAVPU). 1 - Renaming was approved by the SEC last July 8, 2021 (formerly, Sun Life Prosperity Money Market Fund, Inc.).

May 18, 2022

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

HOLDING & FRIMS

Megaworld says it has no tax liabilities

www.businessmirror.com.ph

FIRST METRO ETF

0.86 0.96 0.8 1.59 0.28

102.9

0.87 1.06 0.81 1.6 0.3 103

0.86 0.97 0.8 1.56 0.29

0.89 1.06 0.82 1.62 0.29

0.86 0.96 0.8 1.56 0.28

0.87 1.06 0.81 1.6 0.28

7,273,000 243,000 133,000 4,428,000 140,000

6,329,140 245,490 107,830 7,074,900 39,500

-6,160 -21,000 -1,373,420 -

101.2 103 101.2 103 20,080 2,060,057 169,376

www.businessmirror.com.ph

Banking&Finance BusinessMirror

BSP eyes easing policy on state banks’ credit exposures to NG By Bianca Cuaresma @BcuaresmaBM

HE Bangko Sentral ng Pilipinas is working on new guidelines to strengthen state-owned banks’ “capacity to serve” government’s financing needs, according to BSP Governor Benjamin E. Diokno. In a virtual news briefing, Diokno said the enhanced policy will provide for unsecured peso-denominated credit exposures to the National Government (NG) to be excluded from the deductible items for the purposes of computing the minimum required capital. “The policy enhancement will also enable government banks to free up and reallocate capital to aid priority sectors affected by the Covid-19 pandemic, in support of the NG’s broader economic recovery efforts,” Diokno said. Government banks’ credit accommodations to the NG are considered directors, officers, stockholders and

their related interests (Dosri) transactions. Under existing BSP regulations, these credit accommodations are ordinarily unsecured and deducted from capital. The new guidelines will “align” these regulations by clarifying that the exposures to the NG are “nonrisk assets” of government banks and should not be charged to their capital. Diokno said the enhancements are expected to have a positive impact on the adjusted capital and capital adequacy ratio of government banks, even with their current low loan exposure to the NG. The BSP implements minimum capital ratios of 6 percent Common Equity Tier 1 (CET1) ratio, 7.5 percent Tier 1 ratio and 10 percent Total Capital Adequacy Ratio (CAR). The BSP’s required minimum capital is more stringent than the 8-percent minimum capital required as a rule of thumb by the Bank of International Settlements.

Pag-IBIG released ₧2.35B for socialized-home loans

TATE-run Home Development Mutual (Pag-IBIG) Fund released P2.35 billion in loans in the first four months of the year to finance over 5,400 socialized homes for low-wage earners. According to a statement it issued last Wednesday, Pag-IBIG Fund said these 5,411 socialized homes make up 18 percent of the total 29,310 units that the agency funded from January to April. As of April, socialized home loans represent 7 percent of the record-high P31.97 billion total home loans released by the agency for the period. “Socialized housing is designed especially for minimum and lowwage workers. With Pag-IBIG Fund’s Affordable Housing Program (AHP), we make sure that all our members, particularly those from the low-income sector, are given the opportunity to own a home,” said Housing Secretary Eduardo D. del Rosario, who is also chairman of the 11-member Pag-IBIG Fund Board of Trustees. “This is the essence of the ‘Balai’ (Building Adequate, Livable, Affordable and Inclusive) Filipino communities program of the government’s housing sector towards providing decent shelter for every Filipino family.” Eligible borrowers under PagIBIG Fund’s AHP are low-income and minimum-wage sectors who earn up to P15,000 a month in the National Capital Region (NCR), and up to P12,000 per month outside the NCR. Under the AHP, borrowers en-

joy a subsidized rate of 3 percent per annum for home loans of up to P580,000 for socialized subdivision projects, and up to P750,000 socialized condominium projects. In 2021, Pag-IBIG released P9.71 billion in socialized housing loans, a 37-percent surge from P7.1 billion in the previous year despite the COVID-19 pandemic. The amount financed 22,028 socialized homes, up by 30 percent from 16,975 in 2020. Pag-IBIG Fund CEO Acmad Rizaldy P. Moti said that the AHP’s 3-percent rate remains as the lowest in the market. This is the rate that the agency has provided for lowincome members since May 2017. The HDMF can afford to offer this rate due to its tax-exempt status as prescribed under Republic Act 9679 or the HDMF (Pag-IBIG Fund) Law of 2009. Aside from keeping the interest rates low, Moti said they have also kept the insurance premiums at a minimum so that borrowers would only need to pay a low monthly amortization of P2,445.30 for a socialized home loan of up to P580,000. “Because of our Charter, PagIBIG Fund is able to provide the lowest rates for the home loans of minimum and low-wage workers,” Moti said. “And what’s more, qualified borrowers will never have to put out cash for equity under our [AHP]. All of these are part of our efforts to provide the best home financing program for our members who earn minimum wage.” Bernadette D. Nicolas

@butchfBM

DMINISTRATION Senator Christopher Lawrence “Bong” T. Go vowed to push timely passage of an enabling law to institutionalize digital payments for government disbursements and collections, even as he hailed President Duterte’s issuance of Executive Order 170 mandating this. Go reaffirmed this commitment as he stressed the importance of financial transaction digitalization in the country, while crediting the Chief Executive’s timely directive ordering the adoption of digital payments for government disbursements and collections. In signing EO 170 last May 12, Duterte directed all departments, agencies and instrumentalities of the government, including state universities and colleges and government-owned or -controlled corporations, to “adopt digital payments for their respective disbursements and collections,” enjoining local government units to do the same. At the outset, Go recalled he was already pushing for the digitalization of the financial management operations in the government to improve transparency and efficiency in the use of public funds. The administration lawmaker is convinced adopting digitalization is “the way to go to improve transparency and efficiency in government

BIR to probe IT-BPM sector on order to operate on-site

By Bernadette D. Nicolas

@BNicolasBM

HE Bureau of Internal Revenue (BIR) will place under the microscope registered business enterprises (RBEs) in the information technology-business process management (IT-BPM) sector on their compliance with the order to return to physical offices.

According to a report to the Department of Finance (DOF) by Internal Revenue Deputy Commissioner Arnel SD. Guballa, the BIR has issued mission orders to undertake ocular inspections of RBEs’ place of business. These personnel would determine whether the RBE is following the on-site work rules, which were part of the conditions for the grant of their incentives under the Corporate Recovery and Tax Incentives for Enterprises (Create) law (Republic

Act 11534). Interestingly, the DOF issued the statement a week after the Philippine Economic Zone Authority (Peza) said it received reports that registered IT-BPM companies are losing their employees to “underground” entities in the same sector operating in a work-from-home (WFH) setup. Many workers have resigned from their jobs following government’s order for RBEs in the IT-BPM

sector to return to their respective workplaces, Peza Director General Charito B. Plaza earlier said. The Peza has appealed to the Finance Secretary and Fiscal Incentives Review Board (FIRB) to extend the 100-percent WFH arrangement for RBEs in the IT-BPM sector until September 12. The Cabinet-level FIRB, which temporarily allowed the WFH scheme only up to March 31, denied Peza’s appeal. The FIRB said it would only be up to this day that IT-BPM firms can use such scheme without losing incentives granted to them as eco-zone locators. Under Section 309 of the National Internal Revenue Code (NIRC) of 1997, as amended by RA 11534, operation of RBEs and/or registered activities must be conducted within the geographical boundaries of the ecozone or freeport where they are located to be entitled to fiscal incentives. FIRB Chairman Carlos G. Dominguez III has said RBEs are free to adopt WFH arrangements beyond the March 31 deadline. However, Dominguez said, these entities must

give up the tax incentives they currently enjoy. Finance Assistant Secretary and FIRB Secretariat Head Juvy C. Danofrata said tax incentives are granted to priority projects or activities located in these economic zones and freeports since these were established to promote export activities and allow the free flow of goods and services within the boundaries of the said zones or freeports. Danofrata argued the government can now undertake safety measures for the physical reporting of employees given the increasing vaccination rate of Filipinos in the country. “The government has exercised significant caution in balancing the economy’s needs and the health requirements to address concerns the pandemic caused. However, we believe that the current situation already allows us to direct our policies towards fully reopening the economy,” Danofrata said. “In fact, the President has ordered all government agencies and instrumentalities to adhere to the one hundred percent on-site workforce under Alert Level 1,” she added.

BSP: FCPA to strengthen role of financial regulators

HE Bangko Sentral ng Pilipinas (BSP) issued a statement on Wednesday, commending the enactment of the Financial Products and Services Consumer Protection Act (FCPA). The BSP said the new law is expected to “further strengthen public trust and confidence in the financial system.” “The FCPA, as one of the legislative priorities of the BSP, is geared toward the effective regulation of the financial industry by strengthening the role of financial regulators in consumer protection,” BSP Governor

Benjamin Diokno said. The FCPA allows financial regulators to take necessary steps against financial service providers from performing acts that are disadvantageous to consumer welfare. The measure is also expected to provide consumers with a redress mechanism, while ensuring equitable treatment, transparency and data privacy. The FCPA covers all financial products and services offered by any financial service provider, including those accessed and delivered through digital channels. “The new law institutionalizes

consumer protection, enables adjudication of complaints, promotes transparent and reasonable pricing, authorizes financial regulators to carry out enforcement actions, and fosters fair treatment of consumers while protecting their data. FCPA also has penal provisions for violations of the Act,” the BSP said. Earlier this week, the BSP also expressed its support for the issuance of the executive order on electronic payment for government transactions, saying this would help generate savings and reduce corruption in public transactions.

In a separate statement, the central bank also lauded the issuance by President Rodrigo Roa Duterte of Executive Order (EO) 170 on the “Adoption of Digital Payments for Government Disbursements and Collections.” The EO mandates all departments, agencies, and instrumentalities of the government, including state universities and colleges and government-owned or -controlled corporations, and enjoins local government units to utilize digital channels in the disbursement and collection of payments. Bianca Cuaresma

CIC, NPC to host webinar on privacy for borrowers

HE Credit Information Corp. (CIC) announced last May 18 it will host a webinar series in partnership with the National Privacy Commission (NPC) on credit registry and data privacy. The CIC said that in celebration of the upcoming Privacy Awareness Week, the sessions will discuss the rights of Filipino borrowers as well as how they can protect their personal information online pursuant to Republic Act (RA) 9510 also known as the Credit Information System Act and RA 10173 or the Data Privacy Act of 2012.

“Through these sessions, we look forward to sharing with Filipino borrowers that access to their CIC Credit Reports can help them stay informed of their credit standing and guide them towards making sound credit decisions,” CIC President and CEO Ben Joshua A. Baltazar was quoted in a statement as saying. The webinar will feature as resource speakers CIC Paralegal Hans Antoni Lazaro and NPC Information Technology Officer II Cleo R. Martinez. “The CIC is one with NPC in its campaign to further strengthen the

Go to work on digital payments bill despite EO By Butch Fernandez

Editor: Dennis D. Estopace • Thursday, May 19, 2022

transactions and utilization of public funds using digital platforms.” As provided in EO 170, “all agencies are mandated to utilize safe and efficient digital disbursement in the payment of goods, services and other disbursements, including in the distribution of financial assistance, as well as in the payment of salaries, wages, allowances and other compensation to employees.” Government agencies are directed to offer a digital mode of collecting payments for taxes, fees, tolls and other charges and impositions. The EO allows agencies to disburse funds directly into the transaction accounts of recipients or beneficiaries without need of a special arrangement from the financial institution concerned. The EO noted that the pandemic highlighted the benefits of utilizing digital payment services across various sectors, “as it enabled a fast, convenient, secure and transparent mode of delivering government services and transacting business.” Go similarly observed that the pandemic “underscored gaps, both foreseen and unforeseen, in the delivery of government services in the country.” Stressing the crucial role that the government must play in the digital era transition, Go recalled this was what prompted him to file Senate Bill 1738, to be known as the E-Governance Act, in 2020. “In an age where almost everything can be

done online and through other digital platforms, the government must harness the power of information and communications technology to better serve its purpose and bring the government closer to the people,” Go added. He reaffirmed that “we need e-governance to provide our people with the services they need from the comfort of their homes or workplaces. Not only shall it enable our bureaucracy to better transition into the ‘new normal’ but it will also cut or minimize red tape and corruption.” The senator assured that soon as SB 1738 is enacted into law, it will provide for the establishment of an integrated, interconnected and interoperable information and resource-sharing and communications network spanning the entirety of the national and local government, an internal records management information system, an information database and digital portals for the delivery of public services. Go projects that once enacted into law , the remedial legislation will “accelerate the digital transformation by removing the delays and other issues that come with traditional governance in communications, resource sharing and information sharing.” The administration lawmaker, likewise, projects that through e-governance law, “the public will feel that the government is actually and truly at their fingertips.”

data privacy awareness and knowledge among the general public. This is in line with our efforts to also combat predatory lending from illegal online lending platforms [OLPs]. The CIC continues to receive numerous complaints and concerns regarding violations of data privacy,” Baltazar said. “Unfortunately, these were facilitated by apps employing surreptitious means of securing borrowers’ permission without their full consent.” In a recent survey commissioned by the NPC, while Filipinos with Internet access have increased awareness and knowledge on inter-

net security, most still lack enough knowhow to protect themselves from cyber threats. “The CIC hopes that through this webinar and future CIC Academy webinars, participants will be better informed and more vigilant in sharing their data and personal information online,” Baltazar added. The CIC Academy is the educational flagship program of the CIC, which aims to raise awareness on the rights of the Filipino borrowers and to promote the benefits of the credit information system to the Philippine economy.

ING Manila names head of wholesale banking unit

UTCH financial institution ING Bank NV Philippines has named veteran banker Jun Palanca as head of wholesale banking at its Manila Branch effective May 16, subject to regulatory confirmation. In a statement, ING said Palanca will report to Anju Abrol, ING’s head of Wholesale Banking Asia Pacific and Hans B. Sicat, PALANCA country head of ING in the Philippines. “With a solid history in the Philippines that goes back to 1990, ING has a strong position in the country’s M&A [mergers and acquisitions], corporate advisory and capital markets,” Abrol was quoted in the statement as saying. “As head of wholesale banking [in the] Philippines, Palanca will be responsible for continuing our business

momentum by executing the pillars of our Asia Pacific strategy to leverage ING’s global network, deepen our client relationships and strengthen our position as the ‘go-to bank’ for sustainable finance.” Palanca was quoted in the statement as saying he is “looking forward to working with the strong team that we have at ING. “The economic recovery in the Philippines presents a huge potential for our clients and we are committed to work handin-hand with them to tap into the market opportunities,” he added. ING offers both retail and wholesale banking services in Australia. The bank started its digital banking platform in the Philippines in 2018.

Envoys&Expats BusinessMirror

Thursday, May 19, 2022

www.businessmirror.com.ph

With amended laws, fast ruling on cases of foreign-owned firms, FDIs surge seen

By Roderick L. Abad

OLLOWING enactments of the Foreign Investments Act (FIA), the Public Service Act (PSA) and the Retail Trade Liberalization Act (RTLA), the Securities and Exchange Commission (SEC) now has more authority to hasten the ruling of pending cases pertaining to companies with foreign ownership. “Instituting these game-changing reforms is a step in the right direction,” former SEC commission secretary Gerard Lukban said. “Now more than ever, it is imperative to further liberalize the Philippine economy and open its doors to for-

eign investments to spur economic growth amid the lingering impact of the…pandemic.” The regulatory body addresses these concerns via a special unit under the Corporate and Partnership Registration Division established in 2021.

The favorable decision on pending cases complements the reformed laws, and will further boost the country’s image as a new “haven for foreign investments,” according to Lukban. Based on data from the Bangko Sentral ng Pilipinas (BSP), the Philippines posted an all-time high foreign-direct investment (FDI) amounting to $10.3 billion in 2021, as it exceeded its full-year target of P7 billion, and the 2017 record of $10.3 billion. This was also 54-percent higher than the $6.8 billion registered in 2020. Lukban sees a surge in FDIs with the passage of the amended laws, enabling the country to bounce back from the negative effects of the ensuing health crisis. “Foreign investors were previously cautious of the implications of their foray into the Philippines because of the old and antiquated laws, which made it hard for us to attract larger investments in the country,”

he said. “Resolving pending cases swiftly will allow us to show investors that the Philippines is now a haven for foreign investments.” Enacted by President Duterte, the three measures streamline and relax restrictions for foreign retailers to open and operate a shop in the Philippines, while making the country more competitive than its Southeast Asian neighbors. Most recent of which was Republic Act (RA) 11659 signed by the Chief Executive on March 21, which lists the amendments to the 85-year-old PSA. It allows 100-percent foreign ownership across economic sectors such as telecommunications, railways, expressways, airports, and shipping industries, except for entities engaged in the transmission and distribution of electricity, water pipeline and sewerage, seaports, petroleum pipeline, and public-utility vehicles. On the other hand, RA 11647, which amended the RA 7042 or the

FIA of 1991, was enacted on March 2. It states that, except as otherwise provided under RA 8762, micro and small domestic market enterprises with paid-up equity capital of $200,000 are still reserved for Philippine nationals. Foreign nationals are allowed a minimum paid-up capital of $100,000 under certain conditions: if they use advanced technology as determined by the Department of Science and Technology; are endorsed as start-up or start-up enablers by the lead host agencies in accordance to RA 11337; and the majority of direct employees are Filipinos, the number of which shall be at least 15. Meanwhile, RA 11595, which amended the RTLA of 2000, was inked on December 10, 2021. It lowers the minimum paid-up capital of foreign retailers to P25 million, and the needed funding of no less than P10 million per store. With the removal of the cat-

egorization of enterprises, foreign retailers are mandated to keep the minimum paid-up capital. The SEC, Department of Trade and Industry, as well as the National Economic and Development Authority, are tasked to review the compliance of foreign entities every three years. Likewise, they are required to submit a certification from the BSP of the inward remittance of the capital investment, or other proof certifying their capital investment is deposited and maintained in a Philippine bank. “Allowing more players to jumpstart their business in our country, as evidenced by the record-high improvement in investor sentiment, can help drive economic recovery. The implementation of loose restrictions on foreign entrants will lead to the creation of more jobs and unlock more opportunities, ultimately leading to higher income and spending power of households,” Lukban said.

PHL hails UN contribution A force for good: Inviting Taiwan to BARMM Peace Process to the 75th World Health Assembly T By Representative Peiyung Hsu Taipei Economic and Cultural Office in the Philippines

HILE the Covid-19 pandemic has wreaked havoc across the globe since 2020, it is very encouraging to learn that the Philippines’s economic recovery is in full swing, as nearly all indicators point to higher growth for the country this year and in 2023. The number of new infections also continues to decline nationwide, and we sincerely hope this trend can sustain its stability. The health emergency has reminded the world that disease knows no borders. Having been left isolated and unsupported during previous epidemics, the Republic of China (Taiwan) deeply understands the

Visa-free access for Israelis still on

T’S more fun in the Philippines anew, as the country reopens its shores to Israelis who can enjoy visa-free stay for up to 59 days, which is currently in effect. Entry requirements to the country have likewise been restored to prepandemic guidelines. Beginning April, Israelis may again come to the Philippines without a visa, and only need to (1) be fully vaccinated, (2) undergo an RT-PCR test within 48 hours, or a laboratory-based antigen test within 24 hours preflight, and (3) have a travel insurance, with a minimum coverage of $35,000, which covers treatment for Covid-19 infection. Ambassador of the Philippines to Israel Macairog S. Alberto shared his excitement over the development: “We are delighted to once again welcome our Israeli friends to our country, just in time for the summer! Aside from its breathtaking natural beauty, colorful culture, and endless adventures that await Israelis…it is the warm hospitality and genuine friendship of Filipinos that truly make the trip meaningful and unforgettable.” Visitors will also feel extra safe, as almost all local tourism workers are fully vaccinated, and tourism establishments fully compliant with local health guidelines. Aside from islands such as Boracay, El Nido and Cebu, which are constantly listed as among the world’s top beach destinations, the Philippines also boast of destinations that appeal to the adventure-loving Israeli traveler.

importance of mutual assistance and strengthening resilience to creatively meet challenges. It emerges as an indispensable partner toward the path to global postpandemic recovery, as it hopes to work with the World Health Organization (WHO) and nations worldwide to jointly overcome this crisis. In line with this, Taiwan has been standing with the Philippines since the onset of the pandemic. In July 2021 the former donated 200

oxygen concentrators to help local hospitals enhance their capacity to treat Covid-19-infected patients. In March 2022 both agreed to recognize each other’s vaccination certificates, which will certainly stimulate economic growth in the postpandemic era. These efforts exemplify Taiwan’s unwavering commitment to working with international partners in addressing public health threats, while safeguarding our shared values of freedom, democracy, and rulesbased international order. However, due to political considerations, the WHO has been unable to uphold professionalism and neutrality. By continuing to exclude Taiwan, WHO is severely jeopardizing global health. Taiwan stands firm in its commitment to

engage in international healthcare cooperation, as it calls on the WHO to maintain a professional and neutral stance, while repudiating inappropriate political interference. Only the popularly elected government of Taiwan can represent its 23.5 million people at WHO and protect their right to health. While we congratulate them on successfully holding their 2022 general elections, we sincerely hope that our Filipino brothers and sisters could also voice out their support for a beacon of democracy; that is, for Taiwan to be invited to the 75th World Health Assembly—including institutionalized as well as regular participation in all WHO meetings, mechanisms, and activities.

HE deputy permanent representative of the Philippines to the United Nations (UN) cited the way the Philippines has benefitted from the Peacebuilding Fund (PBF) for programs in Mindanao. Ambassador Ariel Rodelas Peñaranda highlighted during the high-level meeting on Peacebuilding Financing on April 27 how the pooled resources by the UN were instrumental in helping build the capacities in the area of the Bangsamoro Autonomous Region in Muslim Mindanao, in close coordination with the Office of the Presidential Adviser on the Peace Process. These are in line with the inclusive peace and development roadmap for the Bangsamoro Peace Process of the Duterte Administration. “Through adequate and sustained financing, peacebuilding’s raison d’être is to provide support to countries in their efforts to sustain peace, and build inclusive and prosperous societies,”

PERMANENT Representative Evan P. Garcia and United Nations Office for Disaster-Risk Reduction Head Mami Mizutori GENEVA PM

donors, but also developing and middle-income countries.” Garcia stated that the Philippines is willing to cooperate in moving forward projects and programs on addressing the impact of climate change, building resilient infrastructure, scaling up stakeholder engagement, build-

ing capacities through technical cooperation, and responding to displacement as a result of unfortunate events. “ The Philippines’s disasterrisk reduction policies give priority to people’s welfare and security,” the Filipino ambassador shared. He also highlighted the country’s science-based and innovation-driven approaches, then cited GeoRisk Philippines as one of the models of impactful and people-centered innovations. The permanent representative noted that national initiatives are complemented at the regional level, through the Asean Coordinating Center for Humanitarian Assistance on disaster management and the Asean Vision 2025 on disaster management. Finally, the ambassador assured that the Philippines is continuously working toward achieving goals of the Sendai Framework for Disaster-Risk Reduction 2015-2030, and stated that the country is ready to actively participate in the upcoming Global Platform in Disaster-Risk Reduction in Bali, Indonesia from May 23 to 27.

Peñaranda said. The deputy permanent representative also emphasized the importance of the expansion “beyond the peace table” of women’s political participation and leadership, encouraged fellow UN delegates to address the financing gap in peacebuilding and the Philippine contribution amounting to $50,000, which will benefit the PBF for 2022. UN General Assembly President Abdulla Shahid convened the meeting to promote adequate, predictable, and sustained financing for peacebuilding.

‘The Final Pitch’ launches Asean edition, seeks investor-judges

Envoy: People-centered approach to disaster-risk reduction bolstered S ENEVA—The Philippines reiterated its determination in ensuring that people and vulnerable communities are at the heart of its programs and policies on disaster-risk reduction with the implementation of the National Disaster-Risk Reduction Management Plan, as well as its regional and international pacts. In a meeting on May 6 with Special Representative of the United Nations Secretary-General for Disaster-Risk Reduction and Head of the United Nations Office for Disaster Risk Reduction (UNDDR) Mami Mizutori, Permanent Representative Evan P. Garcia expressed the Philippines’s recognition of the role of the global organization in coordinating international efforts on disaster-risk reduction. The Philippines is a consistent donor of the UNDDR, and has actively advocated for broadening the base of support for the organization’s agenda. Garcia said: “W hile the Philippines’s voluntary contribution is modest, we believe in shoring up the support of the whole international community; not just traditional

PEÑARANDA NEW YORK PM/DFA

OUTHEAST Asia’s first businessreality TV show designed to back and scale the region’s next unicorns, The Final Pitch-Asean (TFPA) is searching for tycoons and business leaders from select member-countries as investorjudges in the show. After seven successful season runs in the Philippines, TFPA expands to the rest of the region, and features its highgrowth start-ups and strategic investors. TFPA is looking for investor-judges who can finance in scale-up start-ups primed for expansion to their home countries. The business show is now on the lookout for representatives from Singapore, the Philippines, Malaysia, Indonesia, Thailand and Vietnam to be the face of their country in the regionally aired show. Regarding the criteria, John Aguilar, the show’s creator-host, specified: “They have to be in a position to be able to invest in high-growth companies, but at the same time will serve as strategic partners for the expansion of any scaleup that wants to enter their respective countries. They have to be successful diversified family conglomerates or seasoned investors looking at investing in mostly Series A and [higher-class] start-ups.” Aguilar also mentioned the benefits of the investor-judges who will be selected for TFPA. Apart from gaining access to a pipeline of the best start-ups across the region, they will also have the opportunity to showcase their countries and respective businesses through the show. “TFPA will serve as a platform for the investor-judges to be business ambassadors, and we will be bringing the start-

ups…they are looking [at to invest in their respective countries, so the latter] and the viewers see for themselves what they do, and what their mission is,” the host explained. “The show will allow…startups and investor-judges to reach out to a global audience, [while encouraging] cross-border investments and collaboration with their Asean neighbors.” The show will initially be selecting investor-judge candidates from each country within the next two months through a regional roadshow. To be considered as a TFPA investor-judge, interested parties may write admin@dragonsnest.co, or contact the show at (+639)17-656-9215. Aguilar said the Asean version will follow the same format as the highly successful Philippine edition—the show’s proof of concept that has helped more than 100 start-ups, and funded millions of dollars into the local start-up ecosystem. “The world is looking at Southeast Asia as an emerging tech region. There are many challenges here, but there are also opportunities. And there are a growing number of future unicorns that are being born as we speak,” he further said. “We are looking at expediting their exponential growth across [the bloc] with TFPA.” Principal filming of the show is scheduled to commence by the fourth quarter of 2022. Apart from the investor-judges and scale-up companies, TFPA is also looking for brand and broadcast partners in the aforementioned countries. Aguilar also bared plans of introducing the show’s format in the region as a stepping stone to a long-term goal to license it across the different countries.

www.businessmirror.com.ph

Parentlife BusinessMirror

Editor: Gerard S. Ramos

• Thursday, May 19, 2022

BJÖRN ANDERSSON, regional director of UNFPA Asia and the Pacific; community health worker in Southern Leyte in the Philippines provides much-needed medical assistance to residents in the typhoon-ravaged area. PHOTO BY EZRA ACAYAN FOR UNFPA PHILIPPINES

FAMILIES were all smiles at the Gift Box event

THERE’S NO BETTER DAY TO GIVE LOVE THAN TODAY

FROM little gestures to life-changing moments, happiness can be found in the things and relationships we encounter every day. With so many things happening all around us, it’s clear that what the world needs now is more love. It’s also the little things that make someone’s day brighter and complete. Known for their delicious celebration cakes and pastries, Red Ribbon enabled people from all walks of life to express their sweetest feelings of love with the Give Love Today “Gift Box” event held on April 23 at 5th Avenue, Bonifacio Global City, Taguig. This was an initiative that encouraged people to share love not only to those close to them but also to the rest of the world. “Red Ribbon has a 43-year-old love story with Filipinos, where we are present at their special celebrations. The Gift Box event was our way of encouraging people to share their love not just on special occasions but every day. We want families to be able to express their love more openly to each other, and friends to let each other know how special they are. This is our way of sharing love and happiness, especially as we are emerging from the pandemic,” says Red Ribbon Marketing Head Cathleen Capati. The brand’s delicious treats include its best-selling Black Forest Cake, Chocolate Dedication Cake, Triple Chocolate Roll, Cheesy Ensaimada, and Butter Mamon. More information is available at www.redribbondelivery.com.ph.

THE Artherapy Artist Bundle includes a canvas panel, tabletop easel, artist brush set, art caddy and apron

FORM squishy jelly slime with Elmer’s Rainbow Jelly Slime Kit

Imparting ‘humanity’ to our children M

Y daughter recently took her advance placement exam for Human Geography. I never had this subject in either high school or university. Meagan explained to me that she was studying about human relationships and interactions, and how culture, economy and the environment affect these. It made me curious about the subject. At the same time, I appreciated how my daughter voluntarily chose to immerse herself on this subject matter. Last weekend, I wanted to understand this interesting subject more. According to the Department of Human Geography at Lund University, “Human Geography is about the ways in which spaces, places and environments are both the condition for and the consequence of human activities. Within human geography, you study human interactions with their surrounding world. The subject has a focus on how people organize and make use of the Earth’s surface and its resources. “Particular emphasis is on people’s economic, social and cultural activities and processes as well as on the relationship to places and geographical areas: from urban spaces to landscapes, regions and countries. Human geography covers many topics and can be combined with other university disciplines.” With so many things going around the world, and the worry it brings in varying degrees to various age groups, I find it comforting when these issues are discussed in the safe and warm environment of our homes. That’s why I wanted to find concrete examples to impart to my children how “humanity” or “un-humanity” is happening beyond the confines of our immediate communities. According to UNFPA (United Nations Population Fund), “Research shows us humanitarian crises—whether caused by natural disaster and calamities or armed conflict—hurt women and girls the most. During humanitarian

settings, more than 50 percent of all maternal deaths and up to 70 percent of gender-based violence occur.” In line with their campaign to spread awareness about the agency’s transformative goals which include end unmet need, end maternal death, and end genderbased violence, Bjorn Andersson, the director of Asia Pacific Regional Office of UNFPA, wrote a piece to shed light on one of the world’s most devastating issues that we need to address: unintended pregnancies. Below are excerpts of it: “Mother and daughter Liza and Agnes, living in a small seaside community of St. Bernard in the Philippines, recalled the day Supertyphoon Rai made landfall. When I visited them, they told me that when the typhoon hit, the wind sounded like a thousand horses thundering through the community and ripping houses and families violently apart, destroying thousands of lives, and disrupting access to critical health services. “Liza and Agnes and millions of girls who found themselves pregnant while in the maelstrom of crises, from natural disasters to pandemics and conflicts, are the real victims.... This is particularly apparent in Asia and the Pacific, the world’s most disasterprone region, where women and girls are at high

risk and extremely vulnerable when they lose access to information and services on health, including contraception. “This is one of the world’s most devastating crises and it is right in front of our eyes. Yet somehow it remains unseen. In today’s modern age of space travel, many women and girls still do not have the basic human right to bodily autonomy—the ability to choose whether, when and with whom to become pregnant. In the peak of mankind’s technological evolution, half of all pregnancies are unplanned, and many of them unwanted. How is this possible in the age of modern and effective contraception? “What we don’t tend to realize is that this lack of individual choices cascades into monumental global costs. There are steep consequences associated with unintended pregnancy—costs to an individual’s health, education and future, impact to whole health systems, workforces and societies. The amount of girls who delay or discontinue their education and workforce participation due to unintended pregnancies is vast, with lifetime and intergenerational impacts on earnings and health. “At a granular level, costs on individuals are staggering. There are social, mental and physical health consequences including recourse to unsafe abortion and increased vulnerability to poverty. The toll of these pregnancies is—and has long been— unseen. Though we can estimate health-care costs and monitor school drop-out rates, these only scratch the surface.... “The solution to so many of the world’s biggest challenges is right in front of us—the realization of gender equality and the full rights and potential of women and girls. This can be done through listening, investing, building and advancing efforts from all spectrums to shift society’s priorities by allowing women and girls to achieve their bodily autonomy.” n

Save on family travel without stressing By Kelsey Sheehy NerdWallet ARTHERAPY Miniature Dollhouse woodcraft for doll collectors

ART TEACHES KIDS HOPE

THE annual SM Stationery ArtFest combines inspiration with modern technology—and great prizes—in its TikTok Artfest: Art is Hope contest. Art, after all, is said to be a source of healing and hope during difficult and uncertain times. During the pandemic, some found comfort in sketching and drawing; while others have unleashed their creativity with some DIY craft kits like miniature woodcraft, and slime-making. A joint project of SM Stationery, with brands Faber Castell, Sharpie, Elmer’s, Sakura, Artline and Artherapy, the contest encourages shoppers to share their art journey on TikTok to inspire others, and have a chance to win exciting prizes. Every P500 worth of sponsored brands Artherapy, Elmer’s, Artline, Maped, Sharpie and Faber Castell in-store at the SM Stationery section, or online at www.shopsm.com and at the www.smstationery.com.ph entitles one to join the contest. There are two categories: Adult (ages 18-50) and Kids (ages 12-17). Prizes include P10,000 worth of SM Stationery items and a realme mobile phone for two winners in the Adult Category and another two winners in the Kids Category. There will also be weekly prizes worth P5,000 for six winners in the Art is Hope raffle. Create an artwork, show the progress of your artwork on TikTok, and show why this signifies that Art is Hope. Upload the art TikTok and make sure to tag @smstationery and put these hashtags #SMStationeryArtFest2022 and #ArtIsHopeContest to qualify. The announcement of winners will be announced on May 31.

MY family didn’t travel much when I was a kid, but when we did, my parents jumped through hoops to cut costs. On a trip to Disney World, for example, our family of six switched hotels. Every. Night. My mom worked for a hotel chain and could get one free night per property. Did my parents save money? Yes. Did it add to the mental burden of traveling with four kids? Absolutely. As an adult now, planning a trip with my own child, I fully understand how expensive—and hard— it is to travel with kids. Planning and packing requires accounting for naps, snacks, tantrums and blowouts. And you’re budgeting for extra airfare, a bigger rental car and additional lodging. You can save money on family travel and still have peace of mind. To find out how, I consulted two experts. Here’s what they had to say. PAY WITH POINTS THE secret of savvy travelers? They don’t actually pay for airfare and lodging. Instead, they use rewards credit cards to turn everyday purchases into free flights and hotel rooms. “Make your money work for you,” says Preethi Harbuck, a San Francisco Bay Area-based travel writer behind the blog Local Passport Family. Harbuck’s family of seven (soon to be eight) travels almost exclusively on credit-card points. “There are more expenditures when you have kids but you can leverage those into greater benefits.”

Card-hopping can net you major points thanks to signup bonuses but can be hard to manage, says Jamie Harper, mother of four and author of the travel blog Fly by the Seat of Our Pants. To keep things manageable, stick to one or two primary cards. Harper and her husband rotate between Hyatt, Marriott and Hilton cards, which offer perks like free breakfast, Wi-Fi and anniversary nights. PACK LIGHT—AND SMART OvERPAckINg can be a disaster on multiple fronts. First, you have to lug all that stuff with you and keep track of it along the way. The odds of a lost blankie are high. Second, checked bags are expensive—around $30 to $35 per bag, each way. Harbuck and her family stick to either one checked bag or a few smaller carry-ons. Rather than a fresh outfit for each person, each day, they rewear outfits and typically do laundry on each trip. “Pack clothing that’s lightweight, packs up well and dries quickly,” she says, noting that wool items are great for colder weather. Having layers is crucial, too. Skimp on this and you may wind up spending $50 per kid on souvenir sweatshirts to keep them warm, Harper says. CHOOSE ACTIVITIES MINDFULLY PAck your itinerary with free things to do, like local parks, hikes, beaches or free museums. You can also tap into perks included with memberships you already have—to your local zoo or children’s museum—or invest in passes that you can use again and again.

When you do pay for experiences and excursions, consider your family’s life stage. Rather than taking your toddler to an art museum, for example, opt for an outdoor sculpture garden where they can run around or a museum tailored toward children with plenty of interactive features at their level. Your family’s travel priorities should also guide you, Harbuck says. Learning about a place’s culture and history is important for her family, so they spend money on activities that achieve that goal and skip more popular tourist attractions. “We’ve been to London several times but have never ridden the London Eye,” she says. “It doesn’t help me feel connected to the culture, and it’s super expensive.” PACK SNACKS, GROCERY SHOP THERE’S no rule that says you have to dine out for every meal when you’re on vacation. Instead, pick one meal a day to eat out. Lunch is a good option, as it’s typically cheaper than dinner (which in some countries starts later than most kids’ bedtimes). By packing your supper or eating at home, you avoid an overpriced meal where children are either melting down or asleep at the table. Harbuck’s family hits up local markets to stock up on food when they land in a new city. Taking a road trip? keep a cooler with food for rest-stop picnics. “If we don’t eat out twice, we’re saving $100 a day— and that’s the cheapest possible meal,” Harper says, noting her kids are picky eaters. “We spent $7 per kid on buttered pasta once. It was the worst experience ever. They didn’t even eat it.”

B6 Thursday, May 19, 2022

First Metro names Caparas as new chairwoman

Airbus presents Pléiades Neo, the next generation Earth observation constellation

LÉIADES Neo is a breakthrough in the Very High-Resolution (VHR) Earth observation domain, which will allow, once complete, to image any point of the globe, several times per day, at 30cm resolution. The constellation is made of four identical satellites, built using the latest Airbus’ innovations and technological developments. Highly agile and reactive, they can be tasked up to 15 minutes before acquisition, and send the images back to Earth within the following hour. The Pléiades Neo satellites have been entirely self-funded, designed and manufactured by Airbus. Smaller, lighter, more agile, accurate and reactive than the competition, they are the first of their class whose capacity will be fully commercially available. Thanks to an imaging swath of 14km, the widest in its category, and the satellites’ unmatched agility, Pléiades Neo constellation will be able to cover the entire Earth landmass five times per year. The orbital configuration of the satellites has been maximised to serve a vast panel of customers and applications, including but not limited to defence, and beyond the ± 40° latitudes. They will all be placed on a polar and sun-synchronous orbit, phased at 90°, to deliver consistent quality, both geometric and radiometric.

This will provide analysts with a high level of details, including more visibility of small objects, such as vehicles and road markings, and human counting. This level of accuracy offers more ground truth for image analysts and improves reliability for machine learning capabilities. The new constellation will also provide a higher geolocation accuracy and deeper spectral band information, allowing more insights to be derived for various applications (mapping, agriculture, environment, energy, infrastructure,...).The huge volume of data acquired every day, approaching 2 million km², will be ingested into innovative cloud-

based ground segment architecture to allow massive production. The highly innovative design of the Pléiades Neo spacecraft is equipped with the next generation silicon carbide optical instrument, building on the technology that Airbus first pioneered in the early 2000s. The Pléiades Neo constellation will also benefit from laser optical and Ka-band links with the Airbus SpaceDataHighway (EDRS) geostationary satellites to enable urgent acquisitions less than 40 minutes after tasking, to swiftly respond to the most critical situations.

SM City Grand Central welcomes 3rd branch of Skin by Ledeecia

VIP guests Cheska Garcia-Kramer and Caloocan Rep. Dean Assistio (center) are joined by Ledeecia owners Jhek Maierhofer, Aiko Climaco, and Maica Palo, together with Pastor Hans Pe during the ribbon-cutting ceremony on May 15 at SM City Grand Central.

ANT to feel effortlessly beautiful, confident and happy? There is Skin by Ledeecia which finally opens at SM City Grand Central. The leading wellness oasis born in Angeles City is known for its state-of-the-art skin care services ranging from facial treatments to cosmetic procedures. It's second branch opened at SM Pampanga in the midst of the pandemic last year. “Ledeecia means happy place. It was pandemic and we wanted people to be happy by enjoying our health and beauty services. We wanted to offer something to make them forget the stress and nuisance of the global crisis,” shared business partners-owners Jhek Maierhofer, Aiko Climaco, and Maica Palo during the grand launch held on May 15. Ledeecia's SM branches aim to further cater to the growing skin care demands of the local community and provide patients with better services in a more convenient location, the beautiful owners said. “We are really very happy that finally, we are now open here at SM City Grand Central. It is our vision to bring safe and effective skin care

solutions in a more convenient and accessible way,” said Maica who is the original owner of Ledeecia. Skin by Ledeecia takes pride of its extensive line-up of skin care indulgences like facial, warts removal, hair laser removal, whitening, and slimming treatments. One of its highly-raved skin care offerings include the Pentagon, which is effective in removing scars, stretchmarks, tattoos, and moles as it also rejuvenates and lightens face and body. Its latest skin innovations and personalized skin care programs, complemented by elegant and modern ambiance and team of highlytrained staff and well-reputed in-house surgeons and dermatologists, Ledeecia aims to elevate the customers’ skin care experience -- which is the signature of Ledeecia. The skin care clinic also boasts of their non-surgical slimming and contouring treatments like Supralift and pain-free V-Contour that is highly-recommended for those who want to tighten, firm, and lift saggy skin in no time. Meanwhile, for vibrant and youthful skin from within, Ledeecia also has premium beautifying concoctions like Neo-White and AntiAging Drip that are taken intravenously. Futrther, Ledeecia has its own formulated and FDA approved skin care regimens like soaps, toners, and creams that helps reveal and maintain the skin’s natural glow. The passionate entrepreneurs are long-time friends who have journeyed together in show business and modeling world. They saved up for the rainy days, pool their resources together to come up with a good business they can lean on. Mica has her own trucking business while Aiko has also ventured on food business via MySushi. Caloocan Cong. Dean Assistio formally welcomes the new business venture in Caloocan City by joining the owners during the store's dedication and ribbon-cutting ceremony. Skin by Ledeecia is located at the Wellness Zone, 5th Level, SM City Grand Central. For bookings and inquiries, call Mobile No.09531265682.

Happy Life celebrates 5th anniversary with exciting promos

T’S been five years since Happy Life Organics introduced its innovative and ecofriendly solutions for the home, pets and unwanted pests. Happy Life Organics provides all natural, sustainable eco-friendly solutions to homes across the country. The company promotes a healthier lifestyle based on a plant based organic view and by bringing home and pet product alternatives that are changing and improving lives for the better To celebrate its fifth anniversary this month, Happy Life Organics has come up with various promos where shoppers can enjoy free shipping and discounts of

IRST METRO Investment Corporation, the investment banking arm of Metrobank, announces the appointment of Mary Mylene Caparas as the new chairperson of its board of directors effective April 28, 2022. She is the second woman to be elected to handle the top post. Ms. Caparas will succeed Francisco Sebastian who now chairs GT Capital Holdings, Inc. He will also continue to be an active member of the advisory board of First Metro. Caparas held the position of vice chairman of First Metro since 2020. Concurrently, she heads the Institutional Banking Sector of Metrobank, where she is instrumental in the sustained growth of the Bank’s corporate banking, investment banking, commercial banking, SME lending, cash management, and trade services. Prior to joining Metrobank, she was with Citibank for three years as the managing director and country head of Citi Transaction Services of Citibank N.A. Manila Branch and subsequently, as managing director and regional head of Client Delivery, Treasury & Trade Solutions of Citibank N.A, in Hong Kong. She also held several executive positions at Deutsche Bank AG, Manila Branch for 15 years. She will chair First Metro as the company pursues growth with focus on building ONE FIRST METRO – promoting all the businesses of the First Metro Group (First Metro Investment, First Metro Securities Brokerage Corporation, First Metro Asset

MARY Mylene Caparas Management, Inc.), while capitalizing on the strength of the Metrobank franchise. First Metro president Jose Patricio Dumlao affirms, “Ms. Caparas’ appointment as our chairman could not have come at a better time. Her track record and vast experience in local and international banking coupled with her concurrent position as head of Institutional Banking Sector of Metrobank bode well for First Metro as we strengthen our investment banking business, deepen our synergies within the First Metro Group and further enhance our collaboration with Metrobank.”

Happy moms make cheerful babies as Makuku launches slim and comfort series diapers in PH

AY hello to your baby’s new best friend and say goodbye to the baby’s unwanted bum rashes, irritation, and diaper leakage. The MAKUKU Slim and Comfort series diapers are now available in the Philippines! Founded in China in 2020, Makuku easily gained the trust of mothers all over the world with its 28 branches all over China in less than a year. It is now expanding in other Asian countries, aside from the Philippines. With its naturally warm weather, the Philippines is known for high humidity and finding the right diaper which gives ultimate comfort comes as a struggle for many parents. As a result, Makuku created its Slim and Comfort series diapers to address this problem. Known for its high-quality and durable baby diapers, Makuku is soft, skin-friendly and infused with Vitamin C. According to research, the baby’s skin pH level is close to neutral but quickly changes to acidic when the diaper is left too long with urine. This is one of the main reasons why babies get diaper rash after peeing. The Makuku slim series diaper creates a new diaper environment of Vitamin C weak acid

which is incorporated into the inner surface of the diaper thereby protecting the baby’s skin even after peeing. Further, Makuku is made with silk peptide protein that has an improved longlasting, antibacterial formula to prevent the forming of micro bacteria and also to protect the baby’s skin. Lightweight and super absorbent, Makuku diaper is made out of 4th generation diaper core technology with dual-core super absorption polymers (SAP). It is as thin as 0.2mm—making it one of the lightest diapers in the market. On the other hand, the Makuku Slim and Comfort series diapers developed an ultra-thin suspension core and fully imported water-absorbing polymer structure product technology. The height of the leak-proof sides is up to 4 cm, which can effectively prevent side leakage and keep the baby dry and refreshed. It provides quick-absorption of liquid which avoids skin irritation leaving a healthier and more comfortable feeling for the baby. Mommies no longer need to check and monitor their babies for any leakage after a couple of hours. It also has a gentle fit with an easy-to-retract elastic waistband for the comfort of the baby. Makuku comes with comfortable and trendy designs. It has soft elastic Velcro that makes the baby’s waist feel more comfortable and itch-free. In addition, Makuku diapers’ baby fruit designs are made with Benzac and Ketone-free fat-soluble ink making the diapers look cute and more fun. Makuku is finally here, and will definitely stay to protect your baby's fragile skin and provide him utmost comfort with its slim and comfort series diapers. Available in different sizes to fit the needs of your little ones, order Makuku via LazMall and Shopee.

Manulife discusses its ESG initiatives with the IC

up to 40 percent on certain bundles. With Happy Life, gone are the days you have to worry about unwanted chemicals being found in cleaning products. Happy Life’s best seller is the Waterless Shampoo, the first product of its kind in the Philippines which is 100 percent natural and pet friendly. It’s an innovative and plant bath alternative to the chemicals that are usually found in shampoos for pets. The product provides less effort and

less time in every bath. About 70 percent of bath time is saved every time you use Happy Life Waterless Shampoo. The product is perfect for a quick bath and for those on the go. You can still groom your pets even if you are in a hurry. Happy Life’s other featured products include the 2-in-1 Shampoo and Conditioner, Pet Neem Soap. Pet Home Cleanser and B’Gone LC Disinfectant For more information, visit www. happylifeph.com.

OP executives of Manulife recently paid a visit to Insurance Commissioner Dennis Funa to talk about the Environmental, Social, and Governance (ESG) initiatives of Manulife across the Asian Region. Environmental concerns have become vital in decision making specifically on investments, in fact, Philippine insurance companies have become one of the largest investors in green bonds. The Philippines is a significant player in green finance in ASEAN and has issued a total of US$2 billion worth of green bonds. Also discussed were the proposed merger of the pre-need business of Manulife with its insurance business. But since the proposal was a novel initiative, the Company was informed that a new regulatory framework on the matter will have to be drafted first. Manulife also raised the concern for more agent's examinations across the regions of the country.

IN ATTENDANCE DURING THE COURTESY VISIT ARE, FROM LEFT: Richard Bates, Manulife Philippines President and CEO; Sachin N. Shah, Manulife Insurance Emerging Markets General Manager who flew in from their regional headquarters in Singapore; Insurance Comissioner Dennis B. Funa; and Deputy Insurance Commissioner Ferdinand George A. Florendo.

Editor: Anne Ruth Dela Cruz

Health&Fitness BusinessMirror

Thursday, May 19, 2022 B7

Address vaccine inequity first before giving 2nd booster—expert By Rory Visco

Contributor

HE country’s Health Technology Assessment Council (HTAC) has already recommended the administration of a fourth dose or Booster Shot Number Two to the immunocompromised population 18 years old and above. Immunocompromised are those receiving cancer treatment or immunosuppressants, and also those with advanced or untreated HIV infection, among others. Approved Covid-19 vaccines for the second booster were AstraZeneca, Sinovac, Pfizer-BioNTech, Moderna, and Sinopharm. A lot of noise was created to expand the second booster coverage to include health-care workers, the elderly, and overseas foreign workers. However, the recommendation was for the government to expand first the coverage of the primary series doses across the priority groups. So, is a second booster dose really needed? So far, a total of 148,383,339 Covid-19 vaccines have been ad-

ministered as of May 16, 2022, where 68,710,521 have completed their doses as of the same date, while 13,650,414 received their first booster dose also as of the same date. During one of the “Stop Covid Deaths” webinar by the University of the Philippines, in partnership with UP Manila NIH National Telehealth Center and in cooperation with UP Philippine General Hospital, titled “Isa pa nga: Kailangan ba talaga ang 2nd Covid-19 Booster?,” Dr. Marysia Recto, immediate Past President of the Philippine Society of Al-

lergy, Asthma and Immunology (PSA AI), Department of Pediatrics of the UP Philippine General Hospita l, pointed to the recommendation of World Health Organization (WHO) Director Genera l Dr. Tedros Adhanom Ghebreyesus regarding vaccines, who said that it is still one of the most important tools in preventing outbreaks and keeping the world safe. “But we have to realize that there is still a lot of vaccine inequity, either through hesitancy or lack of availability,” she said.

Fast-tracking vaccine development A s a ped i at r ic i a n, Dr. Recto knows how important vaccines are in controlling many diseases and vaccination has been around for many decades. She said that the conventional pathway to vaccine development takes years in order to establish efficacy, safety and immunogenicity. “The Covid-19 vaccines are unprecedented because of the need of the times, that we have to control a disease that is potentially deadly.” Vaccine development for Covid-19 was really fast tracked mainly on knowledge that has been done through years of technology that is now being applied. “Up to now, we are still observing the effects of Covid-19 vaccination.” Last year, Dr. Recto said the concern was more on efficacy of

the vaccines but as they are being used, the effectivity of the vaccines really showed as the number of severe and critical cases significantly dropped, which led to the opening of several economies in the world, including ours.

Waning immunity But now the concern is “waning immunity.” A study done in Israel, one of the first countries to achieve almost full vaccination of their population, noted that 10 weeks after the second shot, immunity really waned. But experts there have not yet determined what antibody level would say that there is no more protection or the “correlate of protection.” When the Delta surge came, about the time that Israel was done with their second shot, they had to administer the third, or the first “ booster” shot. “They found that indeed, the antibody levels have started to rise again. It may not have gone as high as during the second shot, but then, it started going down again, and they were faced now with the Omicron surge.” Because of Israel’s ability to vaccinate more, they embarked on the fourth shot or the second booster. Based on Israel’s experience, a lot of countries are looking at them, including the country’s own Department of Health, which gave its recommendation based on Israel’s studies. But is it applicable to the Philippine setting?

Vaccinology 101 The primary response, which can be one, two or three shots depending on organism being tried to control, helps provide a boost or generate a certain antibody level in the blood. But the antibody levels are known to wane because it is degraded by the body’s system, Dr. Recto explained. That means sometimes, there really is a need for a booster in order to provide a heightened and more sustained immune response. “Vaccines contain many elements that work together that generate a synergistic effect, the perfect team of antibody and T/B responses to generate vaccine immunity.” Going back to the principle of vaccine boosters, Dr. Recto said after the first vaccination comes the primary response, which can wane with time, while the second vaccination will induce a stronger and larger immune reaction, that’s why it’s called the “primary series.” But the second shot has been found to have waning antibody levels so is a booster needed? With the third shot, there was an increase again but there was still a dip in the antibody levels, so this brings the concern about the fourth shot or the second booster.

Is there really a need for a second booster? T her e a re severa l considerations but when making recommendations, Dr. Recto said evidence should be strong enough

to determine the objective which is—is it disease prevention or efficacy against severe disease? There’s also the issue of whether boosters can address and prevent new variants, proper boosting and timing, the need to look at “science over politics,” or the issue of pushing a vaccine agenda a nd f i n a l ly, he rd i m mu n it y, which cannot be achieved without vaccine equity. She said the decrease in vaccine protection over time appears to be real for all forms of infection starting from the 6th month after the second injection but does not appear to have a real impact on the risk of Covid-19related hospitalization or death. Also, lowering of protection is more evident in elderly people (65 years and above) and in those at higher risk of Covid-19. However, although the usefulness of a booster is still being debated, it is recommended in a number of countries for the elderly and those at higher risk of contracting severe disease. But Dr. Recto added that future data on vaccines’ duration of protection and real-life efficacy and safety of booster doses will add evidence on its hypothetical interest in the population. “However, the priority is to vaccinate all eligible individuals not yet vaccinated with the recommended dose regimen so we can go for herd immunity,” Dr. Recto concluded.

Asian Hospital celebrates its 20th anniversary

Serving as hosts for the morning program were Paul Bryan Bartolazo and Camille De Leon.

Albert Henoguin, Associate Director for Asian Cardiovascular Institute rendering a song number during the ACVI Musical.

AHMC President and CEO Andres M. Licaros Jr. addresses the audience during the anniversary celebration.

Kapuso Leading Man, Anjo Damiles and Breast Center Nurse, Dianne Meneses hosted the Employee Recognition Program

sia n H o s p i t a l and Medical Center (A HMC) was “ humbled and grateful ” as it celebrated its 20th anniversary last May 11. In his message to the Asian Hospita l communit y, A nd res M. Licaros Jr., AHMC President and CEO, said the past two decades had been littered w ith successes and challenges. The most challenging period, Licaros pointed out, was the last two years as they lived through the pandemic. “It has made all of us grow as human beings and as professionals as we tried to overcome our personal doubts and our fears.

This year’s anniversary theme ‘Humbled and Grateful at 20’ is truly meaningful and special because if we frame our successes around humility and gratitude, it humanizes the goals that we have set for ourselves,” he said. “And it sets the need for us to become better, to outdo ourselves constantly and to make every patient that comes into Asian Hospital truly feel the compassion, the caring and the excellent service that every staff at the Asian Hospital provides,” he added. He called on the Asian Hospita l communit y to continue working together in caring for the needs of the communities around the hospital who rely on

them “as being the most dependable and reliable hea lth-care provider in the south.” “ The expertise and dedication of our fine team of doctors, nurses and staff is a cut above the rest. We are known here in the south for being the most reliable, having the best quality of care, the best value health-care provider and we will continue to live up to that promise,” Licaros said.

Hopeful and positive For his part, Dr. Jose Acuin, AHMC Chief Medical Officer, said the hospital’s 20th anniversary “is especially meaningful coming from two years of trying times,” adding that he hoped to

strike a more hopeful and positive note until the end of the year. “We want you to look forward to the events that will happen after this and especially the events that will happen for the rest of the year. This is a year-long celebration and we hope that you will be one with us and that it will be the start of a turning point in our journey as a hospital,” Dr. Acuin said. The anniversary celebration, said Sharon Hernandez, AHMC Chief Strategy Office, is the best time to “re-commit our promise to provide the best experience to our patients.” “It’s been five years since we established our Patient Experience Office and since then we

have sealed our commitment to continuously find ways to ensure that we remain patientcentered in all our innovations and improvement plans,” Hernandez said. “We want to continue to improve and be efficient because we know they serve nothing less. And it is time to make everyone feel the Tatak Asian, Pusong Asian brand of care again,” she added. A HMC ’s 20t h a nn iversa r y celebration started the day long celebration with a Community Thanksgiving Mass at the hospital main lobby. The audience at the lobby were then entertained by the talents of the Asian Cardiovascular Institute Concert.

After lunch, there was a Patient Experience Rally which motivated Asian Hospital staff to always do their best to give patients the quality care they deserve. Capping off the day long activities was the Employee Recognition Program which recognized employees who have been with the hospital for the past five, 10, 15 and 20 years. “We are humbled by our success and we are truly grateful for having made it despite all adversities. Happy anniversary to everyone and let’s keep on making every patient that comes to Asian Hospital truly cared for and truly made to feel the most important person we have ever met,” Licaros said.

Sports BusinessMirror

By Jun Lomibao

ANOI—Johann Chua won an all-Filipino final with Carlos Biado in men’s 9-ball of billiards as eagle-eyed sisters Abby and Pia Bidaure and Phoebe Amistoso gave the country its first archery gold medal on Wednesday in the 31st Southeast Asian Games. Chua pounced on two improbable miscues by reigning US Open champion Biado to carve a 9-6 victory and crown himself the new 9-ball billiards champion of the Games that was postponed from November last year because of the Covid-19 pandemic. It was the second gold medal from billiards for Team Philippines whose grip of the No. 3 spot in the overall medals race was threatened by Indonesia as of late afternoon on Wednesday. Host Vietnam broke the 100-gold barrier and continued to widen the gap

By Josef Ramos

EALA IN CRUISE CONTROL B

ALEX EALA takes on an opponent from Thailand who stands many rungs higher in the world rankings. NONIE REYES

AC NINH, Vietnam—Alex Eala clobbered Malaysia’s Jo-Leen Saw, 6-2, 6-0, in a masterful display of top-level tennis on Wednesday to move into the women’s singles semifinals of tennis in the 31st Southeast Asian Games at the Hanaka Sports and Service Center. Eala, 16 and a SEA Games timer, was superior with her backhands that sent Saw groping for form most of the match. She arranged a semifinal match with fourth seed Luksika Kumkhum of Thailand, who easily disposed of Beatrice Gumulya also 2-0. “I’m very, very happy with my performance today,” said Eala, seeded No. 2 in the SEA Games. “I was able to stick to my game plan and that will be a good preparation for my next match tomorrow [Thursday].” Eala said she has to dig deep against her Thai opponent who’s No. 70 in the world. “She [Kumkhum] is well-experienced and plays very well,” she said. “I’ll take it one match at a time, but I’m here to win the gold,” said Eala, who shares the world No. 411 ranking with four other players. Eala’s teammate Janaila Rose Prulla, however, suffered -1-6, 2-6 defeat to top seed Chanelle Vang Nguyen of host Vietnam in the quarterfinals. In men’s singles, Eric “Jed” Olivarez Jr. scored a 6-3, 6-3 win over Tegar Wibowo of Indonesia to reach the quarterfinals, but Jeson Patrombon lost to No. 4 Yuttana Charoenphon in the first round. Eala said that the national team coached by Czarina Mae Arevalo (women) and Chris Cuarto (men) is inspired in its SEA Games campaign. “We’re doing very well and we have a lot of chances to win golds,” Eala said. “We are on track.” Josef Ramos

medal the country won for the first time in 2019 back home. Four consecutive threes from Filipino-American rookie Stefanie Berberabe, Chack Cabinbin, Janine Pontejos and Gabi Bade, another USbased player making her SEA Games debut, sparked a big run that turned a 27-25 lead into a 39-27 advantage in the second period. Berberabe, a product of Westmont College in the National Association of Intercollegiate Athletics, had 10 points, five rebounds, three assists and two steals while Katrina Guytingco chipped in 10 points. Cabinbin, Clare Castro and Bade each had nine markers. The Philippines tries to stay unbeaten

when it battles Vietnam Thursday at 6 p.m. (Manila time). “We always to it one game at a time and we’ll be ready against Vietnam,” Aquino said. “We’ll prepare harder. I know it’s going to be difficult against the host country, but we will do our very best.” The Thais, who used to dominate women’s basketball in the region, came to within two points in the second quarter but that was the closest they could get to. Josef Ramos

with 108 gold, 67 silver and 68 bronze medals for a commanding edge over second-running Thailand, which so far hauled 46 gold, 50 silver and 72 bronze medals. The Philippines was 36-42-55 gold-silver-bronze at No. 3 with Indonesia a gold behind at 35-36-40. Archery contributed its first gold to the Philippine coffers following a 26-25 nail-biter over Vietnam in a thrilling shoot-off for the women’s team recurve title at the Hanoi National Training Center. Abby Bidaure, 20, emerged as the heroine for Team Philippines, hitting the bullseye in the final arrow of the shoot-off for a 10 with just 10 seconds left on the clock. That drew loud cheers from the other Philippine team members watching Bidaure from behind in the thrilling showdown. The team included Bidaure’s sister, Pia, and Phoebe Amistoso. They battled back with a 57-49 win in the fourth frame after trailing 1-2 in the first three, forcing a shoot-off that came down to Abbu’s winning shot. “It’s my first time in the SEA Games and I was so nervous,” Chua, 29, said. “I couldn’t get over this one yet, it’s really different when you

compete for flag and country.” Chua fell on his knees after the winning shot and gave Biado, interestingly his roommate at the team hotel, a right bear hug. Biado was favored to rule the allFilipino finals but missed easy shots in the 12th and 15th racks, to the surprise of the big crowd at the Ha Dong District Sporting Hall. Trailing 5-6 in the 12th, Biado, 39, failed to pocket the 9-ball but still smiled after the error. He also failed to sink the 8-ball three racks later, with Chua gamely taking over both times to win his first SEA Games gold. Biado, who failed in his bid to reclaim the title he won in the 2017 Games, raised Chua’s hand after the match. “My hands trembled when Carlo made the error,” Chua said. “But I really wanted to win the gold medal…I told myself ‘God, You’re the Best.’” The 1-2 finishers had fun competing in the SEA Games and the night before the final, they shared happy moments together. “We had fun last night and I told Carlo, I’ll break his arm and if he snores loudly, I’ll cut his throat,” Chua said. “Me and Carlo are that close and we’re both happy that we guaranteed the gold for our country.”

PHL avoids Games shutout with Malixi’s bronze medal

ARCHERS Abby and Pia Bidaure and Phoebe Amistoso get emotional after their gold medal-winning performance while Philippine Olympic Committee President Rep. Abraham “Bambol” Tolentino awards the gold and silver medals to men’s 9-ball 1-2 finishers Johann Chua and Carlos Biado. PHOTOS BY NONIE REYES

Bernardino tows women’s squad to one-sided win ANOI—Afril Bernardino scattered 20 points and hauled down 16 rebounds as the Philippine women’s team routed Thailand, 97-81, in 31st Southeast Asian Games women’s basketball action at the Thanh Tri Gymnasium on Wednesday. “I’m just so happy again. They really worked hard and competed at the start,” said head coach Pat Aquino after the match where almost all of his wards contributed to the one-sided win. “I told the girls to just continue what they’re doing and that there’s no need for adjustments in every game.” The Gilas women are 2-0 wonlost in the Games and are well on their way to retaining the gold

| Thursday, May 19, 2022 mirror_sports@yahoo.com.ph Editor: Jun Lomibao

POOL ACE, ARCHERS DELIVER GOLDS

Marcial, Gabuco, Pasuit zero in on finals slots in SEAG boxing AC NINH City—Tokyo Olympics bronze medalist Eumir Felix Marcial and former world champion Josie Gabuco step into the ring seeking gold medal round berths in their respective weight divisions in the 31st Southeast Asian Games boxing competitions at the Bac Ninh Stadium. Marcial drew a bye in the sevenboxer middleweight class, while Gabuco had a quick entry into the women’s light flyweight division where there were only the minimum five entries. Risa Pasuit also had the luck of the draw in the women’s lightweight category where only five boxers were entered. The 26-year-old Marcial, already a pro boxer, is favored over 21-year-old Peerapat Yeasungnoen of Thailand, but the Zamboanga City pride said he won’t allow complacency to prevent him from winning a fourth consecutive SEA Games gold medal. “Overall, he has the advantages plus the experience” Marcial’s teammate featherweight pug Ian Clark Bautista said. Gabuco, 35 and the world champion in 2012, takes on Thailand’s Chuthamat Raksat, while Pasuit faces Vietnam’s Vuong Thi Vy. Defending f lyweight gold medalist Rogen Ladon, meanwhile, displayed immense power to eliminate Malaysian Muhammad Abdul Qaiyum Bin Ariffin via a 5-0 unanimous decision late Tuesday. The figher out of Bago City in Negros Occidental advanced to the men’s flyweight semifinals against Thai Thanarat Saengphet on Thursday. “It’s a great show of dominance,” Bautista said of Ladon. “He’s very scientific when he’s hitting his target accurately and his opponent can’t hit him.” Bautista, on the other hand, will face Cambodia’s Rangsey Sao in the semifinal round on Friday. Lightweight James Palicte scored a brutal first round knockout win over Cambodia’s Touch Davit also late Tuesday to arrange a semifinal showdown against Indonesia’s Farrand Papendang on Thursday. Tokyo Olympic silver medalist Nesthy Petecio battled Myanmar Kay Thwe Nyein in a women’s featherweight quarterfinals fight late Wednesday.

RIANNE MALIXI still stands up to the challenge in the final day.

MEDAL TABLE R

COUNTRY

SILVER

BRONZE

TOTAL

Vietnam

108

242

Thailand

166

Philippines

132

Singapore

105

GOLD

Indonesia

118

Malaysia

114

Myanmar

Cambodia

Brunei

Laos

Timor-Leste

Source: seagames2021.com

CLARE CASTRO tries to elude two Thai defenders. NONIE REYES

ANOI—Rianne Malixi beat Singapore’s Suanne Loh in a fourth playoff hole to give the country a bronze medal in women’s golf team match play event in the 31st Southeast Asian Games at the Heron Lake Golf course in Vinh Phuc Province on Wednesday. Malixi sank a spectacular chip-in birdie to offset a muffed a five-foot downhill birdie putt on No. 1, the third playoff hole, that gave Loh, whose own chip hit the cup but lipped out, and Team Singapore another crack at the hotly-disputed medal. Both players overshot the par-five No. 9 where they matched par twice in the playoff but the International Container Terminal Services Inc.backed Malixi hit a perfect chip shot, the ball landing before the green then rolling from left to right before dropping to the cup. Undaunted, Loh also hit a solid chipshot, the ball heading straight to the hole but swerved to the left, sending Malixi and Team PHL to jubilation and reducing the Singaporean lass to tears. That chip saved the week for the Filipino golfers, who could finish no higher than fourth in women’s individual play courtesy of Lois Kaye Go with Malixi ending up joint ninth behind eighth placer and ICTSI teammate Mafy Singson and 15th in the men’s side through Jed Dy. The men’s squad, which included Jet Hernandez, Gab Manotoc and Kristoffer Arevalo, also absorbed a 0-3 beating from Indonesia in the men’s team quarterfinal match play. Earlier, Malixi upstaged individual silver medalist Aloysa Mabutas, 3&2,

to force a playoff for the bronze after Go yielded a 4&3 result to Loh. Malixi took the first two holes against Mabutas, surrendered the next but held sway all throughout their tight duel, going 2-up again by taking No. 15. A solid tee-shot on the par-3 16th set up another birdie chance from six feet and the rising Filipina star delivered, draining in a downhill putt to clinch the victory. She pumped her fist then gave Mabutas, whose parents are Filipino migrants, the customary hug before celebrating with her team. It was a big windup for Malixi, who groped for form in individual competitions and in the first round of team match play, dropping a 2&1 setback to Thai gold medalist Natthakritta Vongtaveelap in their semis duel but came into the bronze medal match brimming with confidence, winning the first two holes against Mabutas. In contrast, Go struggled against Loh in their side of the match play. The member of the bronze medal team in the 2019 SEAG in Tarlac never recovered after trailing on No. 3, giving up another hole on the sixth. She took No. 8 but yielded the 10th and gave up three straight holes from No. 13. The Thai women’s squad swept the gold medals with Vongtaveelap running away with the individual honors and then teaming up with Eila Galitsky in their 1.5-0.5 victory over Malaysia in the gold medal match. Galitsky actually provided the clincher with a 1-up victory over individual bronze medalist Jeneath Wong with Vongtaveelap settling for an all-square match with Mirabel Ting. Jun Lomibao

Beach volleybelles remain spotless

ANOI—The Philippines shut out host Vietnam, 2-0, to stay in gold medal contention in the 31st Southeast Asian Games women’s beach volleyball tournament on Wednesday at the Tuan Chau Beach in Quang Ninh. The Filipinas improved to 3-1 won-lost unlike in their 2019 showdown where the Vietnamese forced a golden match. Jovelyn Gonzaga and Dij Rodriguez remained undefeated in four matches as the firsttime partners topped Truong Duong My Huyen and Nguyen Thi Thanh Tram, 21-13, 22-20. Rebounding from the two defeats in the Philippines’ 1-2 setback to

Indonesia Tuesday, Sisi Rondina and Bernadeth Pons made quick work of Vu Ngoc Lan Nguyen and Nguyen Le Thi Tuong Vy, 21-16, 21-12. The Indonesians, also sporting a 3-1 record, hold the tiebreaker against the Filipinas in case both teams end up locked in second place. Indonesia, the 2019 silver medalist, bested Malaysia, 2-0. The Philippines will wrap up its round robin assignments against 2019 gold medalists Thailand at 3:45 p.m. (Manila time) on Thursday. The Filipinas can advance to the gold medal match if they beat the Thais coupled by a loss by the Indonesians to the Vietnamese. Jun Lomibao