BusinessMirror October 05, 2021

Peso seen to strengthen toward year-end

By Bianca Cuaresma

@BcuaresmaBM

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HE local currency is poised to gain value against the dollar toward the end of the year on hopes of higher remittances during the holiday season.

Economists at the University of Asia and the Pacific (UA&P) and at First Metro Investments Corp. (FMIC) said in their monthly publication, the Market Call, that the peso will likely benefit from increased dollar inflow toward the country in the latter part of the year.

“We think the peso will trade in a range in October but may have a slight strengthening bias come November and December as overseas Filipino workers [OFWs] pour remittances

into the economy for the Christmas holidays,” economists said.

Data from the Bankers Association of the Philippines (BAP) showed that the peso closed trade at P50.7 to a dollar, appreciating from the P50.79 to a dollar in the previous trading day.

The Market Call also noted that the peso-dollar exchange rate weakened further by 0.6 percent in August to an average P50.23 from P49.94 a month earlier. “ T his is amidst the renewed strength of the US dollar and the rise of local cases, accompanied by the tightest quarantine restriction regime,” economists said.

Except for the Indonesian rupiah, all the currencies in Asean and East Asia also weakened against the greenback, with the Australian dollar depre-

ciating the most in August.

Earlier this year, Fitch Solutions— the research arm of the Fitch Group.— said the local currency is expected to weaken against the US dollar in the near term, as the country’s pandemic situation affects investor confidence.

“We at Fitch Solutions believe the Philippine peso will trade in a wide range over the near term, given continued uncertainty around the country’s handling of Covid-19, the central bank’s loose monetary policy stance and weakening fundamentals,” Fitch Solutions said.

“The risks in the near term are that the Philippines faces another surge in cases which sets the economy back further and requires policy to remain accommodative for longer, weakening the investors’ appetite for the peso fur-

ther and seeing the unit test support at P52 to a dollar,” it added.

The peso has largely been relatively strong against the dollar for most of the pandemic. In 2020, the peso ended the year at an average of P49.62 to a dollar, appreciating by about 4.38 percent from the previous year’s P51.8 average.

However, the peso started to depreciate against the dollar in the second half of 2021, with its latest trade value hitting the P50 territory.

The Bangko Sentral ng Pilipinas earlier this year shrugged off worries on the depreciation trend, with BSP chief Benjamin Diokno saying while the local currency is displaying weakness against the dollar, the long-term value of the peso remains stable as per their monitoring.

TYPHOONS, SUPPLY WOES SEEN PUSHING UP PRICES

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Tuesday, October 5, 2021 Vol. 16 No. 356

P25.00 nationwide | 2 sections 24 pages |

Senate prods GCG on pace of reforms in GOCCs

By Cai U. Ordinario

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@caiordinario

HE typhoon season and existing supply disruptions may lead to higher commodity prices in the Philippines, according to local think tank First Metro Investment Corp.-University of Asia and the Pacific (FMIC-UA&P) Capital Markets.

FMIC-UA&P Capital Markets said in their latest Market Call report that year-to-date inflation may hover above the target range of the Bangko Sentral ng Pilipinas (BSP).

However, the local think tank said the recent decision of the Organization of Petroleum Exporting Countries (Opec) to increase oil supply may cushion the impact of high costs on domestic commodity prices.

“We might see continued price upticks in the coming months, especially that the typhoon might cause another supply disruption—not to mention the supply and logistical restrictions arising from the lockdown which further adds to the production cost. On a positive note, Opec’s decision to increase crude oil supply might help soften future price acceleration,” the group said.

The think tank said despite the possible uptick in inflation, the BSP may not change its policy settings and reserve requirements until yearon-year inflation goes below 4 percent, which is expected in November.

Meanwhile, FMIC-UA&P Capital Markets said the Philippine economy is still expected to post decent growth by year-end, even with the less optimistic outlook of the National Economic and Development Authority (Neda).

The group noted that Neda revised its growth outlook to 4 to 5 percent this year due to Covid-19.

However, some sectors are expected to buoy the country’s economic performance. This includes the manufacturing sector, which in July posted a triple digit growth with 537 percent due to petroleum products.

By Butch Fernandez @butchfBM

S

A GAS attendant is seen at a fuel station in Makati City. Motorists are bracing for higher retail prices of petroleum products this week as oil firms are expected to impose big-time price hikes. Story on page A3, Economy. NONIE REYES

TOURISM SECTOR SEEKS STAYCATION BAN LIFTING

By Ma. Stella F. Arnaldo

@akosistellaBM Special to the BusinessMirror

H

OTELIERS are seeking permission to offer staycations soon to boost their revenues amid the continuing international travel restrictions on inbound tourists due to the Covid-19 pandemic.

In a Viber message, Philippine Hotel Owners Association (PHOA) Executive Director Benito C. Bengzon Jr. told the BusinessMirror, “We are hoping that the authorities will allow staycations in Metro Manila. The vaccination rate of workers in our hotels is around 90 percent to 95 percent.”

He added, “Our hotels strictly implement the required health and safety protocols to ensure the convenient and pleasurable stay of our guests. The staycation market will provide the much-needed revenue to sus-

tain our operations.”

Per updated guidelines of the Inter-Agency Task Force on the Management of Emerging Infectious Diseases (IATF) on the Alert Level System dated September 30, 2021, hotel staycations continue to be prohibited in the National Capital Region (NCR), which continues to be under Alert Level 4 until October 15, 2021.

Also banned from operating are indoor visitor or tourist attractions; indoor venues for meetings, incentives, conferences, events (MICE); as well as outdoor and indoor amusement parks or theme parks. Social events such as parties, wedding receptions, family reunions, etc., are also not permitted.

A bubble of fully vaxxed persons

HOTEL Sales and Marketing Association Inc. (HSMA) President Benjamin Martinez added, hotel

revenues are not just affected by the staycation ban, “but also for socials and events, as we can’t cater to them as well until we are on Alert Level 3.”

He expressed hope that staycations already be allowed in the NCR, at least for “vaccinated guests...and since tourism frontliners/stakeholders are already 98-percent vaccinated too, it’s almost like a bubble of fully vaccinated individuals. This should at least jumpstart our business and the economy.” Vaccinated guests only need to present their vaccination cards, he added, the same way restaurants do for indoor dining. “So why can’t we do the same regardless of Alert Level?”

The IATF has increased the dining capacities for food establishments for both indoor and outdoor dining. (See, “Turn down music, stop virus from spreading,” in the BusinessMirror, October 4, 2021.)

HSMA estimated their industry losses grew by 60-70 percent since Covid-19 cut international tourism arrivals.

Allow MICE, too

TOURISM Congress of the Philippines President Jose C. Clemente III also supported allowing staycations in Metro Manila for vaccinated individuals, “provided they are not mixed with quarantine guests.” He added that MICE events should also be permitted for the vaccinated, “provided the capacity for in-person attendance is still limited for the meantime.

This can be adjusted depending on how [reported Covid] cases progress.”

As of June 2021, the Department of Tourism approved multiple-use hotels—or quarantine hotels that are allowed to take in staycation guests but under strict regulations such as separate entrances, elevators, among others.

See “Tourism sector,” A12

IGNALING impatience over the slow pace of long-delayed reforms in the governmentowned and -controlled corporations (GOCC) sector, senators pressed officials of the Governance Commission for GOCCs (GCG), which has oversight powers on the state firms, to step up their efforts.

“Some see GOCCs as [just an] added layer, they need to be more relevant,” Sen. Sherwin Gatchalian stressed, conveying an emerging consensus in the chamber.

According to the GCG presentation, only one of 29 GOCCs targetted for abolition has been completely abolished and fully liquidated from 2016 to present.

One out of two mergers were completed: the merger of UCPB with LandBank, which the President approved in 2021 but is awaiting Central Bank approval.

The annual cost savings of three GOCCs approved for abolition— Quedan and Rural Credit Guarantee Corp., Partido Development Administration and the Philippine Sufgar Corp. or Philsucor—is estimated at P731.16 million.

The potential overall cost savings on operating expenses of all GOCCs approved for abolition between 2016 and 2020 was estimated at P1.9 billion from 2016 to 2020, according to COA Audit Reports on GOCCs.

PITC case

PRESIDING over the Senate Finance Sub-committee hearing on the proposed 2022 budget of GOCCs, Gatchalian zeroed in on the case of the Philippine International Trading Corp. (PITC), the controversial attached agency of the Department of Trade and Industry (DTI).

The senator noted that PITC, which has been tagged as a “megaparking lot of idle funds” of government agencies that should have been used to procure urgent services and equipment, has outlived its original usefulness and in recent months has been subject of mounting calls from lawmakers for its abolition.

Earlier congressional inquiries

Continued on A2

PESO EXCHANGE RATES n US 50.8910

Continued on A2

n JAPAN 0.4588 n UK 68.9522 n HK 6.5373 n CHINA 7.8639 n SINGAPORE 37.5164 n AUSTRALIA 36.9316 n EU 59.0183 n SAUDI ARABIA 13.5695

Source: BSP (October 4, 2021)

News

BusinessMirror

A2 Tuesday, October 5, 2021

Mago’s new tune: Pharmally didn’t deliver expired items

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By Jovee Marie N. dela Cruz

@joveemarie

HARMALLY Pharmaceutical Corporation executive Krizle Grace Mago said she is ready to face perjury cases for changing her testimonies on alleged tampering with medical supplies and equipment for the Covid-19 response.

During a hearing on Monday, House Committee on Good Government and Public Accountability Chairman Michael Aglipay noted the changes between Mago’s September 24 testimony at the Senate and her responses before the House.

“Ms. Mago, I’ve listened to your opening statement it’s different from some of the statement you made last September 24, are you ready to be charged with perjury?

Are you ready to defend yourself?

Just in case somebody charges you with perjury?” said Aglipay. Mago replied, “yes, Mr. chair.”

“Magiging comfortable lang ako magsabi ng totoo [I will only be comfortable in telling the truth] in an environment without pressure,” said Mago.

In her opening statement, Mago withdrew her statement at the Sen-

ate hearing, saying “it was a pressured response.”

“Regarding my previous statement that I believed we swindled the government, it was a pressured response. Given the level of pressure I was under and the rush of emotions associated with the allegations and my subsequent admission, I was not in the best frame of mind to think clearly,” she said.

“At the time, I considered the fact that we had already delivered a portion [28 percent to be precise] of the face shields to DOH [Department of Health], which prompted my response, “I believe that is the case,” she added.

However, after the Senate hearing, Mago said she realized that the delivered items had not been inspected yet and, as a result, had not been allocated and distributed

to the end-users.

After being incommunicado for several days since the September 24 Senate hearing—prompting Blue Ribbon Chairman Richard Gordon to worry about her safety —Mago arrived at the premises of the House of Representatives last October 1 after seeking protective custody from the lower chamber.

“I apologize for going off the radar for a few days. I simply needed time to breathe and to process everything that had just transpired.

I extend my gratitude to those who expressed concern for my safety and well-being,” she said.

“The past two months have been particularly difficult for me, which has been exacerbated by my involvement in the ongoing investigations,” she added.

Mago denied allegations made by the unidentified person who appeared in a video presented by Sen. Risa Hontiveros at the September 24 Senate hearing.

“Pharmally Pharmaceutical Corporation, or PPC, has never delivered damaged items to the government, nor does it intend to. PPC conducts routine quality inspection of its inventory prior to making deliveries. It is in the conduct of this quality control that PPC was able to identify damaged items such as, but not limited to, dented, folded, torn or broken, and discolored face shields,” she said.

“Contrary to the allegations

made, these damaged items are immediately segregated subject to proper disposal, and therefore excluded from delivery. Moreover, when we received the inventory, the face shields were already inconsistently packed to begin with, meaning that there were face shields packed individually and face shields packed in groups. And these face shields packed in groups had only one product certificate included inside the packaging,” Mago added.

Mago denied allegations that Pharmally delivered expired, substandard and tampered Covid-19 supplies to the government.

Mago said she only instructed her staff to repack the stocks uniformly in groups of 10 face shields per pack for an easier and more efficient inventory management and accounting.

“In the conduct of the repacking, different packs with broken quantities were merged to produce uniform packs of 10 face shields. And as a result of the merging, some certificates got mixed up while others were subsequently discarded as the staff only needed to choose one product certificate to include in the pack,” she added.

Mago earlier admitted before the Senate that the company had tampered with face shields supplied to the government by changing the expiry date from 2020 to 2021.

Typhoons, supply woes seen pushing up prices Continued from A1

FMIC-UA&P Capital Markets said the country’s external trade performance is also expected to boost the economy. They said exports have kept their double-digit growth at 12.6 percent in July.

“Investors, however, kept a more sanguine outlook as Japan Credit Rating Agency [JCR] maintained it’s A- stable rating for the country’s debt, while foreign investors have begun to boost the equities market. We remain confident that the economy will overcome the current obstacles—especially with faster vaccination rollouts and better weather conditions in the last four months of the year,” the think tank said.

Earlier, the World Bank’s East Asia and the Pacific Update cut 2021 GDP growth estimates for the Philippines by 1.2 percentage point to 4.3 percent from the 5.5-percent forecast made in April.

The World Bank also cut its projection for 2022 GDP growth to 5.8 percent in September from the 6.3-percent forecast made in April. Growth is still projected to reach 5.5 percent in 2023.

The World Bank estimates that the Philippines and Indonesia will only be able to achieve more than a 60-percent vaccine coverage by June 2022.

This, amid the challenges posed by “limited global production capacity and the decision to provide booster vaccines in industrial countries.”

This year, China, Mongolia, Fiji, Cambodia, Malaysia, Tuvalu and Thailand will be able to reach vaccine coverage of over 60 percent while Samoa, Tonga, Lao PDR, Timor-Leste, Vietnam, and Kiribati will get there by the first quarter of next year.

Countries such as Vanuatu, Solomon Islands, Myanmar and Papua New Guinea are expected to reach 60-percent coverage by the third quarter of next year or beyond.

www.businessmirror.com.ph

DOH HOPEFUL OF ACCESS TO DRUG CUTTING COVID HOSPITALIZATION RISK

By Claudeth Mocon-Ciriaco

Correspondent

A

FTER Merck reported that its new drug reduced the risk of hospitalization or death by around 50 percent in Covid-19 patients, an official of the Department of Health (DOH) on Monday expressed optimism the country could “negotiate” and try to have that kind of “position where we can access this kind of drugs.”

Health Undersecretary Maria Rosario Vergeire said that clinical trials of molnupiravir are being conducted in the Lung Center of the Philippines (LCP). Molnupiravir is being developed in collaboration with Ridgeback Biotherapeutics.

“If this is a game changer and is really going to be of benefit to the population, our country, [then] the national government will try to position to have better access to this drug,” Vergeire said in an online forum.

Earlier, MSD in the Philippines announced the initiation of the Phase 3 portion of the trial for molnupiravir, an investigational twice-daily oral antiviral pill being evaluated for the treatment of Covid-19.

The global MOVe-OUT clinical trial, evaluating the 800-mg dose of molnupiravir twice daily for five days in non-hospitalized patients with confirmed Covid-19 or early symptoms, has begun enrolling patients.

“Phase 3 of the MOVe-OUT study has begun. Data from the Phase 2 trial has been encouraging showing clinical benefit for mild to moderate infection. As an oral treatment administered on an

VERGEIRE

out-patient basis, molnupiravir has the potential to help patients with Covid-19 early in their course of disease.

We look forward to completing enrollment and receiving the data in this next phase of the study,” said Dr. Mary Ann Galang-Escalona, Country Medical Lead, MSD in the Philippines.

The decision to proceed with enrollment was based on an interim analysis of data from the Phase 2 portion of the study in non-hospitalized participants which showed that the percentage of patients who were hospitalized and/or died was lower in the combined molnupiravir-treated groups versus the placebo arm.

Pending favorable results from MOVe-OUT, the earliest possible submission for an Emergency Use Authorization for molnupiravir, in the United States, would be in the second half of 2021.

MSD and Ridgeback Biotherapeutics plan to share further findings from the ongoing molnupiravir development program with regulatory agencies as they become available.

Senate prods GCG on pace of reforms in GOCCs Continued from A1

on PITC’s questionable engagements with other agencies outsourcing their procurement chores to it had elicited revelations that billions of funds were parked with PITC to make it look like they were “obligated funds” and thus avert the legal requirement to revert these to the National Treasury.

Gatchalian wondered aloud why the GCG had given the PITC a good rating on its scorecard—82.59 percent—despite its questioned practices. “How come, under the GCG system, they’re [PITC] getting high grades, but under the Commission on Audit,” the agency is being flagged for deficiencies and questionable practices, such as keeping billions of other agency funds for several years without the intended procurement happening.

At Monday’s Finance subcommittee hearing, Sen. Nancy Binay noted that PITC has in recent years strayed from its mandate—updated in 1977 with a decree by then President Ferdinand Marcos—to be in charge of the country’s trade transactions worldwide. Its original mandate in 1937 was to manage the country’s transactions with Socialist and Other Centrally Planned Economy Countries (SOCPEC).

In recent years, it was noted to have become a “parking lot” for billions in procurement budgets of other state agencies, becoming simply an avenue for transferring funds without actually doing the work it was cut out for.

“We transferred funds [to PITC] to look good,” but this came at the taxpayers’ expense, Binay said, and

she expressed concern that “what PITC does might be copied by other GOCCs” in order to improve their fiscal standing on paper.

Gatchalian griped that PITC has “not been performing its mandate, despite billions in unliquidated funds,” even as the senator suggested the situation “can still be improved.”

At a recent Senate hearing, Officer in charge Tina Rose Canda of the Department of Budget and Management said the PITC was set to return to the Treasury some P10 billion in idle funds by year-end, or the early part of 2022.

Only 1 GOCC abolished

“REGUL ATING 121 GOCCs is not easy,” Gatchalian said, noting “there are a lot of self interests but conflict of interests should not prevail. They just need to work faster, be aggressive and strengthen the law.”

The senator admitted he was “not so satisfied under the administration as only one was abolished,” and suggested to the concerned officials: “you propose [to us] legislative action or legislative measure to improve the process.”

He acknowledged finding “problems in liquidation,” noting it has been 10 years since the law was passed to trim GOCCs. “We can help the Asset Disposal Office,” Gatchalian assured the GCG officials, adding: “Suggest to us what can be done...tell us what needs to be done by remedial legislation.”

Economy BusinessMirror

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PCC exec says telco sector ‘not a natural monopoly’

By Tyrone Jasper C. Piad @TyronePiad

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PHILIPPINE Competition Commission (PCC) official agreed with business groups that the telecommunication sector should be excluded from services with foreign equity restriction as it is not a natural monopoly.

PCC Commissioner Johannes Bernabe, in an interview with the BusinessMirror, said that telco services can be fully liberalized in terms of ownership as it is possible for many players to exist in the market.

“This limitation [40 percent equity restriction] is based on a factual determination that a service is a natural monopoly; and as such, that it does not make economic, commercial or technical sense to have two entities providing a service in the same territory. Telco services clearly do not fall into this category,” he explained.

For mobile telco services, for example, Bernabe said that many entities may provide services given their frequency allocation.

He said that it “does not make sense for a certain bandwidth” be assigned to few players only, explaining that about four providers can be given this.

“Even fixed line telecommunications is not a natural monopoly as the existing incumbents in the Philippines show that parallel infrastructure can be laid down and commercially and profitably utilized,” he said. “The third telco recently granted [Dito] and other expanding regional telcos [Converge] show that there can be further overlaps and that the market can accommodate these redundancies.”

His statements came after the opposition of the foreign and local business chambers to tag telco as a public utility—which is subject to 40 percent foreign ownership restriction—under the amendments of the Public Services Act (PSA).

The bill identifies the distribution of electricity; transmission of electricity; and water pipeline distribution systems and sewerage pipeline systems as public utility.

But other public services may be considered as public utility given

certain criteria, including them being a natural monopoly.

The business chambers said that fully liberalizing the telco sector will allow further foreign direct investments, which are key to improve Internet connectivity in the shift to digitization amid the pandemic.

As such, business groups cautioned against placing foreign ownership restrictions on many services sectors as it may deter investments, defeating the purpose of PSA amendments. The bill amending PSA seeks to limit the definition of public utility, which effectively removes foreign ownership for sectors outside the scope.

“The national security concerns often cited to maintain the equity limitation are adequately addressed by the safeguards,” Bernabe said. For example, public services in critical infrastructure with foreign ownership are subject to vetting by the National Security Council and foreign state-owned firms are not allowed to have a stake in same infrastructure.

CDA bares plan to hasten co-op’s digitization shift

By Jasper Emmanuel Y. Arcalas @jearcalas

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HE Cooperat ive De ve lopment Authority (CDA) has bared plans to create a special ty pe of cooperative federation that would offer ecommerce-related products to accelerate digitization of cooperative operations nationwide.

In a news statement, CDA said that it intends to create a special type of secondary cooperative called Technology Service Cooperative (TSC) that would be composed of at least 15 registered cooperatives.

The CDA added that the TSC will offer technology services to its cooperative-members.

“The organized cooperatives are expected to pool their resources so as to introduce technological innovations, particularly in supporting cooperatives across the country through e-commerce, portals and innovative ways of bridging the gap in market access,” CDA Acting Ad-

ministrator and Assistant Secretary Mryla B. Paradillo said.

CDA Assistant Secretary Vidal Villanueva III said the TSC is “a response to the changing needs” of the country’s cooperative industry.

Villanueva added that the new special type of cooperative will provide an opportunity “to build the digital infrastructure” of the cooperative movement nationwide.

“This is also a clear demonstration that CDA is receptive and flexible to what is beneficial to the sector and community in general,” Villanueva, head of the CDA’s Credit and Financial Services, Banking, Insurance, and Credit Surety Fund Cooperatives Cluster, said.

“One of the dreams of Philippine cooperatives is to be part of the national payment management system. To be able to do that, the special type of cooperative needs to comply with the requirements of other regulatory bodies—in particular, the Bangko Sentral ng Pilipinas,” he added.

Under the draft guidelines for TSCs, the area of operation of the new special type of secondary cooperative could be city/municipality, provincial, regional, inter-regional or national level.

The draft guidelines also stipulated that 25 percent of TSCs authorized share capital shall be subscribed by its members and at least 25 percent of the subscribed share capital shall be paid by the members before registration.

“The minimum paid-up share capital shall be P50,000,000.00 or the amount required in the feasibility study, whichever is higher,” the draft guidelines read.

The registration fee for a new TSC shall be one-tenth of 1 percent of its total paid-up share capital or P5,000, whichever is higher, according to the draft guidelines.

“An additional legal research fee equivalent to 1 percent of the fee imposed shall be collected, but in no case shall the amount be lower than P10.00,” it added.

‘Big-time’ hike in fuel pump prices today

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IL firms are implementing a hefty price increase effective Tuesday.

They said in separate announcements that gasoline prices will increase by P1.45 per liter, diesel by P2.05 per liter and kerosene by P2.05 per liter.

Seaoil, Total, Caltex, Pilipinas Shell, PTT Philippines, Phoenix Petroleum will implement the price adjustment at 6 a.m. of October 5.

This is the sixth consecutive week of oil price increase. Oil firms adjust

their prices weekly to reflect movements in the world oil market.

The latest price increase resulted to the year-to-date adjustments to stand at a total net increase of P16.55 per liter for gasoline, P15 per liter for diesel, and P12.7 per liter for kerosene.

The Department of Energy (DOE) said the supply in the world market would not be able to serve demand in the months to come. “Aggressive demand in the fourth quarter is seen to reach as much as 103 million bar-

rels of crude oil per day while supply is only about 100.32 million barrels per day. Clearly,this Platts projection shows a supply deficit of around 2.91 million barrels per day,” it said.

It also monitored that there is no expected additional supply from Opec, which will enforce only the 400 thousand barrels increase per month from August to December 2021.

Also, the higher economic activity has been adding pressure to the supply. Lenie Lectura

Editor: Vittorio V. Vitug • Tuesday, October 5, 2021 A3

Data Protection Trustmark–existing in Singapore and coming to the Philippines

By Henry J. Schumacher

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HE National Privacy Commission (NPC) is finalizing its work on creating the Philippine Privacy Trustmark (PPT).

This is in line with NPC’s endeavor to protect private and sensitive data and avoid data breaches. In my view, the PPT will to quite some extent follow Singapore’s trustmark which has been in existence for some time. The Singapore model as a guide would also make it possible that Singapore and the Philippines will drive an Asean trustmark eventually.

As Philippines based data processing companies will have to eventually get the local data privacy trustmark, it will make sense for companies to already familiarize themselves with the basics to the Singapore trustmark.

I am therefore taking the liberty to highlight the Data Protection Trustmark (DPTM) Certification of Singapore. I am thankful for Straits Interactive to provide us with the detailed information.

And why is Straits Interactive discussing standards? Simply because they are seeing it appear more and more in tender specifications. In Singapore, the Information and Media Development Authority (IMDA) developed the DPTM certification as part of the country’s digital economy strategy to develop Singapore as a trusted hub for data sharing and transborder communication.

As regulators across the region move to validate certifications and best practices, those in data protection will need to constantly update their skillsets in order to remain

relevant. There is no doubt that the Philippines wants to be seen as a trusted hub for data sharing and transborder communication also, as the Philippines already clearly indicated to the APEC Cross Border Protection Rules authorities.

Trustmark certifications demonstrate that you have the right processes in place, are compliant with data protection laws, and are dedicated to continuously improving business processes and establishing best practices. There is a good chance it will help determine whether a tender is won or lost, or whether a data protection authority trusts you or not.

Here are the details the three key reasons why organizations in Singapore should strive for IMDA’s Data Protection Trustmark:

Business opportunities

FROM a business perspective, the DPTM is increasingly mentioned in government tenders and contracts as a requirement to demonstrate accountability and compliance with Singapore’s Personal Data Protection Act (PDPA). This is aligned with Singapore’s efforts in building a digital economy and trusted data hub simultaneously.

Businesses that use DPTM when bidding for government tenders or business contracts stand out from the crowd because it shows external due diligence has been performed on their business operations. In fact, if the DPTM certification is a requirement, organizations may not even be able to enter the bidding round, which can in turn severely affect business viability.

As data protection laws continue to develop and with new ones being rapidly implemented, this is an essential evaluation consideration, especially for business activities involving cross-border transfers. In fact, China is the latest to have announced its own Personal Information Protection Law slated to go live in November 2021. While the convergence will likely take time, it is without a doubt that compliance with a framework administered by a national regulator would place organizations in a much more advantageous position when bidding for projects.

@reneacostaBM

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HE Philippine National PoliceCriminal Investigation and Detection Group (PNP-CIDG) seized more than P32 million worth of fake cigarettes during an operation in Balagtas, Bulacan, on Sunday night.

In his report to PNP chief General Guillermo Eleazar, CIDG chief Major Gen. Albert Ignatius Ferro said that four suspects, two of them Chinese, were also arrested during the raid at Barangay Borol, Balagtas.

The four suspects were identified

ASIDE from that, the DPTM is a good base to adopt for internal audit objectives. As part of the DPTM certification process, an external assessment body is appointed to review an organization’s data protection practices to ensure the organization fulfils the DPTM requirements by demonstrating with evidence that its data protection policies and processes are documented, implemented and practiced. It is expected that such an external assessment body would be appointed also in the Philippines once the trustmark rules are implemented.

Symbol of trust

LASTLY, the DPTM is a good indicator and symbol of trust recognizable to regulators in instances of investigations, corporate clients for due diligence and auditing purposes and consumers to demonstrate the reliability of the organization.

In investigations by regulators i.e., the Personal Data Protection Commission (PDPC), the DPTM can potentially assist an organization to demonstrate that it has validated data protection management practices. This could facilitate the investigation and possibly empower an organization to apply for the expedited route.

For corporate clients, the DPTM is the most recognized third-party certification that helps to provide validation of an organization’s data protection practices. If your organization is a third-party vendor or a service provider, the DPTM positions you as a trusted vendor and would surely hasten the due diligence process. Surveys show that four in five companies would choose to partner with organizations that manage personal data appropriately.

Stay tuned for more upcoming trustmark content in the Philippines. If you want more information on the DPTM, I will gladly link you up with my friends and experts in Straits Interactive.

Feedback and requests for support can be directed to hjschumacher59@ gmail.com

Nat gas output reaches 79,054 MMcf from January to July this year–DOE

By Lenie Lectura @llectura

T

HE country’s natural gas output from January 1 to July 31 this year stood at 79,054 million standard cubic feet (MMcf), bringing to 2,376,230 billion cubic feet (Bcf) the total production since 1994.

“The 2021 actual consumption and production data covers January to July 31, 2021,” data from the Department of Energy (DOE) showed. The agency did not provide comparative figures. It only released on October 4 an updated

CIDG raid in Bulacan yields ₧32M worth of fake cigarettes

By Rene Acosta

Credible review of the organization’s data protection capability

data for the said period.

Further, it said, data from 19942008 includes production from San Antonio gas field.

Currently, the country’s main source of natural gas is the Malampaya gas field offshore Palawan.

However, supply from the gas field is projected to be depleted as early as next year or latest by 2027.

In 2020, gas production declined to 141,732 MMcf from 155,495 MMcf in 2019. This year, the DOE recorded gas restriction incidents as gas nomination surged for more demand of electricity. Gas produc-

as Zeng Qiangjian, 42; Lin Shanxiong, 48; John Bejay Agujar, 25; and Rodolfo Brosas, 25.

The operating team seized 27 cartons of Marlboro Lights cigarettes; six cartons of red Marlboro brand; 41 cartons of Marvel red; 26 cartons of Jackpot cigarettes; and 41 cartons of Union cigarettes.

Ferro said they also seized 15 cartons of Cambo cigarettes; 167 cartons of Fortune blue brand; 49 cartons of Mighty Green; 637 cartons of Two Moon cigarettes; 95 cartons of Fortune Green; and 244 cartons of D & AMP cigarettes.

tion peaked in 2019.

The output of the Malampaya gas field is seen to further decline this year due to the ongoing preventive maintenance from October 2 to 22.

Also, the operation of the Gas Export Pipeline (GEP) from the platform to the onshore gas processing plant will meet some challenges in view of its capacity limitation and distance.

“These events are perceived to impact in the nomination on the volume of natural gas from the Malampaya gas field by the identified customers and/or users,” DOE said.

A4 Tuesday, October 5, 2021 • Editor: Vittorio V. Vitug

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DA urged to lift ban on Polish poultry imports

By Jasper Emmanuel Y. Arcalas @jearcalas

T

HE Polish government is urging the Department of Agriculture (DA) to fast-track the lifting of the temporary import ban on its poultry products,

as well as the accreditation of more meat establishments to increase its meat items to the Philippines.

Polish Minister of Agriculture and Rural Development Grzegorz Puda wrote to Agriculture Secretary William D. Dar concerning the Polish poultry processing plants’

export rights to the Philippines.

In his letter to Dar that was coursed through the Department of Foreign Affairs, Puda recognized the results of the bilateral talks between Poland and the Philippines that have resolved trade issues, particularly on meat products, between

the two countries.

“The Polish and Philippine food safety authorities have been working intensively to grant export rights to Polish plants producing poultry meat [including mechanically separated meat] and poultry meat products destined for the Philippine market,” Puda said in his letter, dated September 30, a copy of which was obtained by the BusinessMirror.

Puda asked Dar for his support on the “arrangements” to apply the principle of regionalization on Poland in order for the European country to resume exporting poultry products from areas free from highly pathogenic avian influenza (HPAI).

Poland has been banned from exporting poultry products to the Philippines since December 21 of last year after the European country confirmed outbreaks of H5N8 HPAI. The Philippines usually slaps a temporary blanket ban on countries that have confirmed bird flu outbreaks in order to protect domestic poultry population.

This also usually leads to European countries appealing or asking the Philippines to rescind the blanket ban and instead implement regionalized ones, or barring entry of poultry products from the specific regions or provinces that have confirmed bird flu outbreaks.

Puda also told Dar that the 26 poultry processing plants and six cold storages that are vying to export poultry products to the Philippines are “prepared to be audited by the Philippine experts.”

Puda even committed that the Polish government will make all the necessary arrangements to make the physical audit of their meat establishments possible “under full security conditions in the face of the Covid-19 risk.”

Puda also told Dar that they are also ready for a remote audit of their meat establishments should the Covid-19 situation in Poland “proves to be unfavorable.”

“As the experience of the Polish veterinary service has shown so far, a remote examination enables a reliable assessment of a plant’s compliance with the requirements of the importing country to the same extent as an on-site

audit,” he said.

Puda assured Dar that the Polish poultry farms that were affected by bird flu have undergone “all legally required procedures” to eradicate the disease.

Puda also noted that Poland has been allowed to regain its HPAI-free country status last September 25 following the amendment of World Organisation for Animal Health (OIE) rules on regaining HPAI-free status from 90 to 28 days after completing eradication procedures.

In its latest report to the OIE dated September 28, Poland said it has resolved all its recent bird flu outbreaks last September 25.

The recurring bird flu outbreaks in Poland, which started last November 24, 2020 and lasted for about 10 months, resulted in the culling of 4.6 million birds to eradicate and control the disease.

“We also took steps to provide as much information as possible concerning the measures implemented by the Polish authorities to contain the spread of the virus,” he said.

“At present Poland is perceived as a partner with considerable experience in combating HPAI and a stable epizootic situation with regard to this disease,” he added.

Puda pointed out that the “Polish veterinary services are willing to conduct further extensive dialogue” with its Philippine counterparts for future actions, particularly the resumption of exports of Polish poultry meat products to the country.

“Our cooperation will be beneficial in particular to Polish and Philippine entrepreneurs but most importantly to consumers. The Covid-19 pandemic affected our countries impacting various sectors of the economy,” he said.

“We have realized how vital the agricultural sector and stable food supply chains are for ensuring food security. I am convinced that the Polish offer of poultry meat products has the potential to successfully meet the needs identified in this area by the Republic of the Philippines,” he added.

In June, the BusinessMirror broke the story that Poland was seeking “urgent accreditation” of its poultry exporters to the Philippines, emphasizing that it is capable of meeting the country’s meat supply requirement particularly of mechanically deboned meat (MDM) of chicken. (Related story: https:// businessmirror.com.ph/2021/06/16/ poland-seeks-das-urgent-ok-to-exportpoultry-to-phl/)

PNP chief orders tally of policemen with kin running in ’22 elections

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HILIPPINE National Police (PNP) chief General Guillermo Eleazar ordered on Monday the accounting of policemen whose relatives and family members are running for local positions in the May 2022 elections.

The PNP chief issued the directive in order to ensure that policemen will not engage in partisan politics.

“As part of our commitment to continuously isolate the PNP from partisan politics, I have already instructed all chiefs of police to start the accounting of their respective personnel whose relatives have already filed their COCs or would certainly run for public office in the May elections,” Eleazar said.

“The purpose is to possibly reassign them eventually in other areas outside the cities, municipalities and provinces

where relatives of our personnel would seek elective posts,” he added.

Citing cases in the past, Eleazar explained that the PNP received complaints and reports about some policemen who actively campaigned for their relatives and intervened on their behalf.

He said that while most of the allegations are not true, reassigning police officers would shield them from harassments and from being victims of false allegations.

“This is to ensure that any of our personnel would not be given the opportunity to intervene and likewise prevent speculations and allegations in the future that the PNP is engaging in partisan politics, especially at the local level,” Eleazar said.

He vowed the police organization will remain apolitical and will ensure no one will violate the commitment.

Meanwhile, Eleazar said the filing of the COCs and Certificate of Nomination and Acceptancehas remained peaceful and orderly, and hopes it will remain until October 8, its last day.

Rene Acosta

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Tuesday, October 5, 2021 A5

DOH lists priority in vaccination of minors aged 12 to 17 years old

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By Claudeth Mocon-Ciriaco

@claudethmc3

HE Department of Health (DOH) has identified 11 comorbidities that will be prioritized as the government targets the rollout of minors between 12 and 17 years old with comorbidities this month.

In an online media forum, Health Undersecretary Maria Rosario Vergeire said that minors with the following comorbidities would be prioritized: 1. Medical Complexity 2. Genetic conditions 3. Neurologic conditions 4. Metabolic/endocrine 5. Cardiovascular disease 6. Obesity 7. HIV infection 8. Tuberculosis 9. Chronic respiratory disease 10. Renal disorders 11. Hepatobiliary Over the weekend, DOH Undersecretary Myrna Cabotaje announced that the vaccination will be pilot tested at Philippine General Hospital (PGH), Philippine Heart

Center (PHC), and National Children’s Hospital (NCH), adding that “Children with comorbidities, who are regularly attended to by the said hospitals, will be prioritized.”

Meanwhile, Vergeire said that there are other hospitals that will also join the pilot test but refused to divulge these hospitals during the forum since the list is still being finalized.

The DOH, earlier said that pediatric vaccination will start once adequate coverage of the A2 priority group or senior citizens has been achieved nationwide and vaccine supply becomes sufficient to include children.

“For the initial run, we recommend that children with comorbidities will be vaccinated in selected sites with clearance from their pediatricians or trained doctors,

BOXES containing 1,813,500 doses of the Pfizer Covid-19 vaccine are sprayed with disinfectant at the Ninoy Aquino International Airport Terminal 1 in Parañaque City before dawn on Sunday (October 3, 2021). National Airlines Flight N8 523 transported the US-donated jabs.

PNA/ROBERT OSWALD P. ALFILER

or for far-flung or Geographically Isolated and Disadvantaged Areas [GIDA], with clearance from onsite trained physicians guided by a checklist from the Pediatric Infectious Disease Society of the Philippines [PIDSP],” Vergeire said.

The DOH noted that considering that the risks of contracting severe Covid-19 infection or dying from Covid-19 is significantly lower for healthy children, it follows that the benefits from vaccination relative to the risk of

a healthy child is also lower compared to a sick child, adult or senior citizen.

“Like what our DOH All Expert Group has always emphasized, even if we have approved the recommendation to vaccinate children with comorbidities, we still have to increase our vaccination coverage among other priority groups, especially our senior citizens,” Vergeire said.

In finalizing the guidelines, the DOH is ensuring that (1) informed consent by the parent/guardian

and child prior to vaccination will be obtained; (2) supply availability of Pfizer and Moderna, the only vaccines with emergency use authorization for 12 to 17 years old issued by the Philippine Food and Drug Administration; and more importantly, (3) equitable access to medical clearance by a physician for children with comorbidities.

“We have to ensure that children have equitable access to vaccines.

Eventually, as we get more local experience, we will be able to retool our current vaccinators on the additional precautionary steps on screening and vaccine administration,” Vergeire said.

The DOH further called on all those eligible among the adult population to get vaccinated and get the additional protection that vaccines offer to also protect children who cannot be vaccinated as of this time.

“Covid-19 vaccines continue to offer the protection they promised against severe Covid-19 and deaths, but we have to remember to still adhere to the minimum public health standards as we may still get infected or infect others,” Vergeire said.

In an online press briefing also on Monday, National Task Force Against Covid-19 (NTF) chief implementer Carlito Galvez Jr. said the participating hospitals are the Philippine

Children’s Medical Center, National Children’s Hospital, Philippine Heart Center, Pasig City Children’s Hospital, Fe del Mundo Medical Center and the Philippine General Hospital.

He said they already coordinated with the concerned local government units (LGU) for the implementation of the pilot of the pediatric vaccination.

“This will be done in phases. We will start with those 15 to 17 years old and then those 12 to 14. Then after 14 days, we will expand to select LGUs [local government units] in NCR [National Capital Region],” Galvez said.

Among the said age groups, Health Secretary Francisco Duque III said they will prioritize the administration of Covid-19 jabs to those with comorbidities set by the Philippine Pediatrics Society and the Philippine Pediatric Infectious Disease Society of the Philippines.

After the 30-day pilot, Galvez disclosed the pediatric vaccination will be rolled out in the entire NCR and in areas where more than 50 percent of those in the A2 priority category (senior citizens) are already fully vaccinated.

The vaccine czar said the government allocated 60 million Covid-19 vaccines doses for the inoculation of children. With Samuel P. Medenilla

A6 Tuesday, October 5, 2021

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Tuesday, October 5, 2021

NBI summons billionaire’s son to shed light on girlfriend’s death

By Joel R. San Juan

@jrsanjuan1573

T

HE National Bureau of Investigation (NBI) has summoned Julian Roberto Ongpin, a son of billionaire and former trade minister Roberto Ongpin, to shed light on the death of his girlfriend Bree Jonson while they were together in a La Union resort on September 18, 2021.

This was disclosed by Justice Secretary Menardo Guevarra who said Ongpin would have to give his statement with regard to the circumstances of Jonson’s death.

“Julian Ongpin himself was subpoenaed by the NBI to appear on October 6 and give his own statement regarding the death of Bree Jonson,” Guevarra said.

Based on initial evidence, Ongpin was reportedly the last person seen with his girlfriend while she was still alive.

Ongpin allegedly found Jonson hanging from the bathroom of the Flotsam and Jetsam Resort in La Union, prompting him to seek assistance in bringing the latter to a hospital but was declared dead on arrival.

The police also allegedly found 12.6 grams of cocaine from Ongpin and filed possession of illegal drugs charges against him.

The drug case is now under preliminary investigation at the Department of Justice (DOJ) main office in Manila.

This developed as Jonson’s legal team announced that it has settled the issue with the Philippine National Police (PNP) with regard to the turn over of the victim’s organs to the NBI. The Sunga, Salandanan and Ampuan Law Offices recounted that on September 20, the PNP-Region 1 Crime Laboratory conducted

the first autopsy of Jonson and some organs from the body including her trachea.

On September 23, the law firm said the NBI started its parallel investigation and conducted the second autopsy of the victim where it was declared that some of her major organs were missing, specifically the trachea, heart and stomach.

Accordingly, the law firm sent a request to the PNP Region 1 Crime Lab and PNP National Crime Lab for the release of the organs and to turnover the same to the NBI. On October 1, the law firm said they received a letter through e-mail from Police Brigadier Gen. Pascual Muñoz Jr., the director of the PNP Crime Lab, denying their request.

The law firm claimed that Muñoz told them that Jonson’s organs would not be released without a court order.

“Clearly, Bree’s family was well aware of the situation. It was because of PNP’s initial stance not to release the organs without a court order that made Bree’s grieving family publicly seek for help. It was only after Mrs. Jonson urged [PNP chief] General [Guillermo] Eleazar on the propriety of turning over the organs, and after public pressure was apparent that the instructions to release them were made. When Police General Eleazar instructed on releasing the organs, no other statement on the issue was made by the family,” Jonson’s camp said.

But the law firm added that despite this incident, the family of Jonson “genuinely thanks” Eleazar for his intervention and granting the request of the victim’s family.

“Amidst all the noise, we do not doubt his sincere desire to ferret out the truth and attain justice for Bree Jonson,” it said.

PSA: 14 Pinoys die everyday from water-borne diseases

By Cai U. Ordinario

A

@caiordinario

T least 14 Filipinos die everyday in the past 10 years from water-borne diseases, according to data from the Philippine Statistics Authority (PSA).

Based on PSA data, water-borne diseases such as typhoid and paratyphoid fever; bloody diarrhea; cholera; viral hepatitis; and leptospirosis killed a total of 53,066 Filipinos between 2010 and 2019.

The estimate did not include rotavirus, which killed 226 Filipinos between 2015 and 2019. The data for rotavirus was only collected starting in 2015. “[Water borne] diseases [are] transmitted through water contaminated with human or animal waste,” PSA said in the technical notes for the Compendium of Philippine Environment Statistics (CPES) containing the data.

Based on PSA data, bloody diarrhea killed the most number of Filipinos with a total of 37,622 deaths in the past 10 years.

The PSA said there was an average of 50,058 annual averages of reported cases of waterborne diseases from 2010 to 2019.

Among these diseases, acute bloody diarrhea contributed 71,774 cases or 85 percent in 2019.

Meanwhile, an average of at least three Filipinos die everyday from vector-borne diseases in the past decade.

The PSA, citing World Health Organization data, said that vector-borne diseases are caused by parasites, viruses and bacteria that are transmitted by vectors. Vectors are living organisms that transmit infectious pathogens between humans or from animals to humans.

“Many of these vectors are bloodsucking insects, which ingest disease-producing microorganisms during a blood meal from an infected host [human or animal] and later transmit it into a new host, after the pathogen has replicated. Often, once a vector becomes infectious, they are capable of transmitting

the pathogen for the rest of their life during each subsequent bite/blood meal,” PSA said.

Vector-borne diseases between 2010 and 2019 killed a total of 12,062 Filipinos. This only includes data for Dengue and Malaria.

Of the two vector-borne diseases, Dengue killed the most at 11,832 Filipinos in the past 10 years. Malaria killed 230 Filipinos during the period.

“Dengue and Malaria are vector-borne diseases with 208,170 and 2,308 annual average number of cases recorded from 2010 to 2019, respectively. In 2019, 22.5 percent of reported dengue cases were children between 5 to 9 years old,” PSA said.

Another vector-borne disease, Chikungunya disease killed five Filipinos between 2016 and 2019. However, there were 1,138 cases per 100,000 population.

PSA said based on the WHO, the disease is also transmitted to humans through infected mosquitoes. It is caused by the chikungunya virus, an RNA virus that causes infected persons to suffer fever and severe joint pain.

In some cases, infected persons experience muscle pain, joint swelling, headache, nausea, fatigue and rashes. It is considered a debilitating disease that can vary in duration.

The CPES-Human Settlements and Environmental Health compiles statistics on the environment where people live and work, especially those that detail their living conditions and environmental health.

This component has two subcomponents: human settlements and environmental health. Human settlements cover statistics describing the basic services and infrastructure put up where humans live and work.

The data deals with the totality of the human community where people reside, may it be large cities, towns, or villages.

The subcomponent on environmental health focuses on how the environmental factors and processes affect and alter the health of an individual.

A10 Tuesday, October 5, 2021 • Editor: Angel R. Calso

Opinion BusinessMirror

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editorial

We can help stop vegetable smuggling

V

egetable smuggling has been going on in the country since 2007, according to Benguet vegetable traders. Smuggled Chinese vegetables are reportedly being sold in Divisoria, Balintawak, Cagayan de Oro, Cebu, Iloilo, and Bicol. In 2019, the Bureau of Customs (BOC) seized P53 million worth of smuggled carrots and onions from China.

The Kilusang Magbubukid ng Pilipinas said in a statement that for many years now, Filipino farmers have been competing against smuggled agricultural produce, like carrots and onions, from China and other countries, although the surge in smuggled vegetables was only highlighted recently. “Whether these smuggled vegetables entered the country via technical smuggling at ports or open seas, the government must remain vigilant and decisive in stopping smuggling that affects local farmers and traders,” the KMP said.

Senator Imee Marcos last week asked the Senate to open a deeper inquiry into the suspected economic sabotage involving “excessive” importation of vegetables from China, resulting in “rotting local produce” harvested from Benguet and other farms in Cordillera. As chairperson of the Senate Committee on Economic Affairs, Marcos is paving the way for a Senate scrutiny to ferret out vegetable importers and officials in the Department of Agriculture (DA) and BOC suspected to be involved in agricultural smuggling (See, “Imee seeks Senate probe into ‘massive’ veggie importation, calls it economic sabotage,” in the BusinessMirror, October 1, 2021).

“We don’t learn; vegetable smuggling happened before,” Marcos said, recalling that “the same thing occurred in 2020 and the DA was provided with Kadiwa trucks,” as well as personnel and funds to buy the vegetable and pork supply from local traders. Marcos wondered aloud: “Why does the DA still refuse to buy Filipino? Why do they favor imported goods? Is it true they’ve already changed their name to Department of Importation, instead of Agriculture?”

The senator reminded concerned authorities that “smuggling of agricultural products is a form of economic sabotage and is punishable under the Anti-Agricultural Smuggling Act of 2016, or Republic Act 10845.” She lamented that local farmers have been battered by the pandemic and crippled by debt while their harvests have been left unsold. “Their vegetables would not have been left to rot and discarded and could have benefited Metro Manila, if only the DA were more proactive,” she added.

In an earlier story in BusinessMirror, however, the DA explained that the dumping of 6,000 kilos of tomatoes in Ifugao was not the result of oversupply but by the non-arrival of buyers, who were barred from entering the area due to a “no vaccination, no entry” policy enforced by local government units.

At the House of Representatives, Bayan Muna Rep. Eufemia Cullamat last week filed House Resolution 2263 requesting an investigation by the House Committee on Agriculture and Food. “The rampant smuggling of carrots since August is disturbing. Farmers and traders have called the attention of the DA secretary but he has not acted on it,” she said.

The DA confirmed it received reports that cheap imported carrots and other vegetables were being sold in wet markets nationwide. Agriculture Secretary William Dar vowed to go after smugglers and confiscate the smuggled vegetables that are currently flooding the local markets. “We will confiscate all smuggled vegetables. That’s the direction,” Dar told the media in a virtual briefing last week. He said the DA has launched an investigation to locate all smuggled vegetables, which will also be examined to ensure food safety. Based on initial reports, Dar said the vegetable shipments, originating from China, entered the country via Subic port, and were misdeclared.

The growth of agriculture is key to our food security. Agriculture creates employment and contributes to poverty alleviation. As Senator Marcos maintained, “protecting our local farmers is the solution to long-term national food security, not the importation of agricultural produce, legal as that may be.” We urge concerned agencies to curb vegetable smuggling, identify and make public the importers responsible for these vegetable shipments. We can also help our farmers if we stop buying cheap vegetables from China and other countries.

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THE Entrepreneur

E

verybody agrees that vaccination is the solution to the pandemic and the key to reopening further the economy. With more vaccinated people, the nation should reopen safely and start generating jobs with reduced risks.

The vaccination rate in the Philippines is far from ideal, but more and more people are getting jabs with the arrival of contracted vaccine supplies, especially in Metro Manila. The health authorities and the country’s policymakers, in my opinion, should now look at the expanding number of vaccinated Filipinos and use this data as major criteria for further reopening the economy.

Major private sector companies, like my Villar Group, have procured vaccines for all their employees as their contribution to the pandemic solution. They invested in this health-care solution and shared their resources to the government in the hope of speeding up the economic recovery. Now that both the private sector and the government have vaccinated more workers and consumers, it is high time that we reward them by reopening more sectors of the economy.

Their accommodation in more dine-in outlets, gyms and recreation centers, and even in hotels, among others (on proof of vaccination), is a compliment to their efforts in help-

ing the state overcome the pandemic. In the same manner, a shorter quarantine period for vaccinated returning overseas Filipino workers should be accorded. The reward or incentive to the vaccinated is also one way of convincing the unvaccinated population to get their dose and change their perception of the Covid vaccine.

We can expect the number of vaccinated Filipinos to increase in the coming months. And I see no reason why they should remain cooped up in their homes or be prevented from engaging in economic activities once they get the dose.

The Philippines has already administered a total of over 45 million doses of Covid-19 vaccines as of Thursday last week, or roughly 40 percent of the total Philippine population. According to the National Covid-19 vaccination dashboard, over 21.1 million have already acquired full protection against the virus, while over 24 million are waiting for their second dose.

I am confident that the government will accelerate and expand the

Another cycle is coming

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Rewarding the vaccinated

John Mangun

OUTSIDE THE BOX

I

N mid-2015, I started writing about the cyclical turning point that would lead to “political chaos” in 2016. That turning point occurred on September 30-October 2015.

When a cycle turning point happens, the evidence of that turning can come suddenly like a car crash or be prolonged like the gestation period of an African elephant. It does not matter because the results play out over time. The other thing to consider is that the turning point is one piece in the process going forward. And it is all connected.

The traffic accident—often depending on the severity—has long-term effects. The birth of the elephant will probably affect the herd for decades to come. German philosopher Johann Gottlieb Fich-

te wrote in 1800 that “you could not remove a single grain of sand from its place without thereby... changing something throughout all parts of the immeasurable whole.”

One thing leads to another. Fichte’s statement is the foundation of the concept of the butterfly effect that says “a butterfly flapping its wings in Tokyo leads to a storm in Manhattan.”

The political “chaos” came, found in two words: Brexit and Trump.

Note also that the September 28, 2015 Pulse Asia presidential survey had Duterte with 16 percent of

Reopening further the economy with fewer restrictions is our obligation to the millions of workers who lost their jobs in August. The unemployment rate in August increased to a four-month high of 8.1 percent from 6.9 percent in July after the enhanced community quarantine in Metro Manila restricted mobility, shut down many commercial establishments and laid off a great number of Filipino workers. coverage of the vaccination rollout in the next few months. It is allotting 29 million doses for the vaccination of minors aged 12 to 17 years old, starting with the pilot inoculation of adolescents in five hospitals in Metro Manila.

In the meantime, I personally believe that health authorities should have eased the restrictions further in Metro Manila, instead of extending the pilot implementation of the Alert Level System in the national capital region by two weeks to October 15.

The Inter-Agency Task Force on Covid-19, perhaps as a compromise to the clamor of businessmen, agreed to expand the allowable indoor capacities of dine-in services, in-person religious services, and personal care services in areas under Alert Level 4 for fully vaccinated individuals by an additional 10 percent. The task force also approved the reopening of fitness studios and gyms at a limited 20-percent capacity for fully vaccinated individuals, as long as all gym workers are fully vaccinated.

However, as it appears that the localized spread of Covid is diminishing, there is light at the end of the tunnel. There is a chance that even as the cycle turning forecasts another round of both political and economic trouble, I see the Philippines doing better than the rest. But it all depends on how soon do we get this economy opened up. the vote, trailing Poe at 26 percent, Roxas at 20 percent, and Binay at 19 percent. By the end of February 2016, Duterte and Roxas were tied at 21 percent, with Poe in the lead at 26 percent.

As of April 26th, Duterte was surveyed with 35 percent, leading Poe by 12 percent and double the percentage of Roxas. On September 28, 2015, 55 percent intended to vote “Remain.” In April 2016, Actor Tom Hanks said, “Donald Trump will be president when spaceships come down filled with dinosaurs in red capes.”

But I personally do not see any logic in putting a cap on dine-in capacity or the number of people allowed in studios and gyms for fully vaccinated people. Vaccinated customers, including the restaurant crew and gym trainers, pose very minimal risks to each other.

And with the increasing number of vaccinated people, Metro Manila should have been placed at least under Alert Level 3 with less quarantine restrictions starting this fourth quarter. Minimum health standards, of course, should be maintained to contain the virus infection.

Reopening further the economy with fewer restrictions is our obligation to the millions of workers who lost their jobs in August. The unemployment rate in August increased to a four-month high of 8.1 percent from 6.9 percent in July after the enhanced community quarantine in Metro Manila restricted mobility, shut down many commercial establishments and laid off a great number of Filipino workers.

Current Covid-related data, however, strongly supports economic reopening. The number of Covid-19 and active cases in the Philippines is declining. Daily infections have stabilized between 13,000 and 15,000 last week, while active cases are down to 130,268 as of last Friday. The decreasing trend and the rising number of vaccinated Filipinos should serve as cue to recalibrate our Covid response once again.

For comments, send e-mail to mbv_secretariat@vistaland.com.ph or visit www.mannyvillar. com.ph

As part of the cycle, political upheaval is always followed by economic “chaos.” As late as Thursday, September 26, 2019 (2020: Be Prepared For Anything), I wrote, “The period of Political Chaos began in October 2015. The period of Economic Chaos will begin in January 2020.” The turning point date was January 18, 2020.

Two Philippine newspaper headlines from that day: “Agri losses from Taal blast reach P3.06B” and “Coronavirus: new disease spreading in Asia revives SARS fears.”

We have another turning point coming on March 14, 2022. Are you ready?

The cycle that began in January 2020 will not end until the middle of the second quarter of 2024, therefore the one on March 14, 2022 is a minor cycle period. I can give you a long list of reasons to be distressed, including that it is a mid-term election in the US. With the recent elections in Canada and Germany, we are going to have a minor Panic Cycle in politics for 2022.

See “Mangun,” A11

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Tuesday, October 5, 2021 A11

Politics at the dinner table The words of the President Manny F. Dooc

Lyca Balita

TELLTALES

Onwards

O

ur teachers tell us that Filipino politics is rooted in what people say at the dinner table. However, most families now forbid talks of politics because of the presumption that it will be uncomfortable. However, political discussions are necessary, especially today. And contrary to popular belief, they don’t always have to be heated.

First, most political discussions only become hostile because of the manner of discussion, not the content. We go in with furrowed eyebrows, heated chests, and the firm aim of disproving the other party.

But we should remember that this isn’t a formal debate—it should be a respectful discussion with our family and friends, where we go in with the intent of educating and learning.

Even if you don’t finish this piece, I hope you leave with this: join political discussions with respect and an open mind. Others may not initially be as respectful as you are, but stay respectful and open-minded anyway.

It’s tempting to participate in discussions with unregulated passion.

But when we join political discussions with an open mind and without the unwavering intent to disprove everything the other party is saying, conversations become educational and ideas actually develop. It’s really all about tone, word choice, and a genuinely open mind. Who wouldn’t be frustrated talking to people who raise their voice all the time when new ideas are presented? Don’t be that guy. Respect.

Second, most of the time, facts just need to be verified to develop political stands. This doesn’t need to be emphasized further: fake news is everywhere, especially in the comments sections.

To illustrate, I recently read one comment where someone confidently proclaimed to the public that this person authored several great laws, so the latter deserves to be elected to his aspired office. This commenter appeared certain with his statement.

But a researcher replied and respectfully disputed each allegation with facts. He replied with screenshots and links to the laws proving that the aspirant did not actually author the enumerated laws. The researcher was able to change the commenter’s mind, and the minds of other persons who saw his reply. That’s a more fruitful discussion than pure ad hominem.

Fact-checking can be done at the dinner table, too. When another alleges a fact, we can always respectfully verify this. “Oh, thank you, I didn’t know that. Let me verify.”

If the allegation is true, the debate on that sub-issue ends. Otherwise, minds change, and ideas grow.

Lastly, in case of debates where both sides are backed by facts, there’s one effective way to have fruitful discussions that don’t go in circles: issue-spotting.

Before I entered law school, I thought cases just involved one question: who’s the winner? So the parties just throw facts at each other, and the most persuasive wins. But it turns out, effective resolutions are deeper than that. There is always a real and more specific main issue which is the key to correctly answering the question.

For instance, here’s a controversial question: was XYZ a good president?

Obviously, this question is pretty general. Today, we tend to spend most of our time discussing questions such as: How was the economy? Were there human-rights violations? What are the long-term effects of the policies?

But there was never really much dispute on these questions. These questions can be answered by data and cold, hard facts. We can’t keep throwing these facts at each other and expect to arrive at a conclusion both parties believe in.

It really boils down to the most important issue which should be

Let’s be real. Aspirants are beginning to file Certificates of Candidacy. These people will potentially run our country for the next three to six years. With the future of our country at stake, it’s time that we start respectfully talking about politics at the dinner table, especially when there are registered voters present. It’s time we discuss different perspectives and form educated opinions. As I emphasized in my previous column, echo chambers are dangerous. Sometimes, they kill. answered before anything: what is the definition of a good president anyway?

This is where the disconnect lies. The issue has always been on the definition. For instance, some focus solely on the economy during the President’s term, so they’re on one side; others focus on human rights, so they’re on another. Thus, it’s useless throwing human-rights violations at the former, and the economy at the latter.

This is where we realize the root of why the debates haven’t been resolved in so long: we have different definitions of what we’ve been debating about all along. If we go on like this, the debate will just go in circles, and we form the pros and the antis who just throw undisputed facts at one another.

Hence, before anything, establish definitions. So we ask: what are the elements of a “good” president? Which factors are indispensable? Should the “goodness” be determined based on the full tenure, or the first 6 years to be fair when compared to other Presidents? The list goes on. This is where we should have focused first.

Once we figure this out and agree on a solid definition, we can apply the facts and all else will follow smoothly. We could finally agree on an answer that takes into account all perspectives.

This should apply to other debates, too—figure out the real issue where the disconnect lies, and start there.

Let’s be real. Aspirants are beginning to file Certificates of Candidacy.

These people will potentially run our country for the next three to six years. With the future of our country at stake, it’s time that we start respectfully talking about politics at the dinner table, especially when there are registered voters present.

It’s time we discuss different perspectives and form educated opinions. As I emphasized in my previous column, echo chambers are dangerous. Sometimes, they kill.

It’s true that some don’t believe in facts. We can’t change everyone’s minds. But at least we can open the discussion and let everyone express their sides, and we can all form educated opinions based on all the different perspectives.

When we stop talking about politics at the dinner table, the future suffers. The youth don’t learn from the past, the older ones don’t learn from the present, and we lose the chance to educate and to learn from our own families and friends.

Besides, is your opinion really educated if you’ve been listening to just one side the entire time and blocking everyone else?

For feedback, send an e-mail to lyca.balita@ gmail.com

T

he people’s deep distrust of our government mirrors the bankrupt moral state of our country. Something is gravely wrong when our people cannot even take the words of our own President at their face value. The big news that erupted on Friday last week and splashed on the front pages of every newspaper was President Duterte’s surprise announcement regarding his withdrawal from seeking the vice presidency in the 2022 elections.

In carefully couched words, the President vowed that he is yielding to the clamor of the people. He categorically stated that he would shelve his dream of sliding down to the position of the vice president after his term ends on June 30, 2022. “The overwhelming sentiment of the Filipinos is that I am not qualified, and if it would be a violation of the Constitution to circumvent the law, the spirit of the Constitution. And so in obedience to the will of the people, who after all placed me in the presidency many years ago, I now say sa mga kababayan ko na sundin ko ang gusto ninyo. Today, I announce my retirement from politics.” Unfortunately, the President’s words were cautiously, if not unbelievably, received by many people. Social media were peppered with incredible comments from all sectors doubting the announcement of the President. One was so uncharitable by saying: “I will only believe he is retired from politics when he is taking his last breath on his deathbed.” Another one chided: “Paawa effect lang iyan.” A blogger joined in by claiming that “a snake is dangerous, even long after its head is severed.” And one sober comment reads: “This sudden change of heart is not only an admission of

his total failure as the President but also another instance of his utter incompetence and unstable mind. Will he withdraw this announcement the moment the survey change[s] to his favor by some meandering of the Filipino voters’ fickle mind?” These are mostly unkind words directed at the highest public official of our land.

Who will you believe if you cannot even rely on the word of a king?

Despite his past records, I would be inclined to give the President the benefit of the doubt. Once upon a time, he was a young, idealistic and crime-busting prosecutor and mayor of Davao City whose reputation for political will and good government preceded him far and wide. It would not be hard to pick up the pieces and go back to one’s principles as he wraps up his service to our people. This is now the legacy moment for him. In the final stretch of his term, he should keep his words. Retiring from politics means removing oneself from the rough-and-tumble game. It is rising above partisanship and behaving like a statesman. It is thinking what is best for the people and the country, and not what is good for oneself and his party. Anointing a protégé for a successor to shield him from

Digital tax bill is wanting Atty. Irwin C. Nidea Jr.

Tax law for business

T

he digital economy presented new challenges as the current tax rules were contemplated to apply only on brick-and-mortar establishments and not on new disruptive business models. To address this, the House of Representatives recently approved the bill (House Bill 7425) amending the value-added tax (VAT) law to expressly include in its coverage goods that are electronic in nature and services rendered electronically as well as digital services.

As an added measure to fuel the economy, the bill further clarified which digital goods and services traded through digital service providers will be subject to VAT. These include: n Electronic market place (e.g., Lazada, Shopee, Facebook Marketplace). n Online auctions. n Supplier of digital/streaming services in exchange for a regular subscription fee (e.g., Netflix, Spotify). n Online licensing of software, updates and add-ons, website filters and firewalls. n Mobile applications, video games and online games. n Webcast and webinars. n Digital content such as music, files, images, text and information. n Online advertising spaces, search engine services, social networks, database and hosting, online training. n Payment processing services (e.g., GCash, PayMaya).

Mangun. . .

Continued from A10

We are a year away from the broken global supply chain being repaired. The energy crisis—and it is a crisis—in China and Europe has just

Among many of our current government leaders, there is an absence of dedication to serve the public interest; rather, what is easily palpable is that selfinterest is the primordial consideration in holding their public office. Every action is motivated by self-aggrandizement, selfpreservation and with an eye for reelection.

criminal prosecution at home and abroad is a huge misstep. Instead, the President should help install a president whose vision and platform will promote the people’s welfare. As President, he should respect and enforce the rule of law. People will love him if he allows the ongoing Senate Blue Ribbon hearings to run its full course unimpeded by threats and obstructions. Finally, he must ensure honest and peaceful elections next year and renounce the use of the military, the police, and political goons to thwart the people’s will. A leader goes down in history as a hero or a heel. It’s your call, Mr. President. nnn

Certainly there is a lack of nobility and character among our so-called government leaders, particularly in the current Congress where the two Houses do not even see eye-to-eye on the ongoing legislative investigation of the alleged anomaly in the procurement of medical supplies by the DOH and the PS-DBM. Looking at the same questions covering the same subjects and actors, the investigating committees in the two chambers seem to arrive at completely incompatible answers as if they were investigating totally different matters. It is a threat to democracy when one House of Congress is pitted against the other to skew the truth and subvert justice.

When one House allows itself to be

Our country must participate in international discussions on the income taxation scheme that must be applied on cross-border digital services transactions. We must be proactive in protecting our share as a consumer-driven economy on the allocation of income tax.

The bill also provisioned exempt transactions, which include: n Books and other printed materials sold electronically or online. n Online courses and webinars rendered by private educational institutions, duly accredited by the DepEd, CHED and Tesda, among others.

Nonresident Digital Service Providers (nonresident DSP), which include Amazon and Netflix, are liable to register for VAT if: a. Gross sales/receipts for past 12 months before date of filing for VAT return, other than those considered as exempt, exceeded P3 million; or b. Reasonable grounds to believe that gross sales/receipts for next 12 months from date of filing VAT return, other than those considered as exempt, will exceed P3 million.

The registration requirement for a nonresident DSP is conditioned on the establishment by the BIR of a simplified automated registration system. The implementing rules and regulations are still being developed

and will be issued by the Department of Finance upon the recommendation of the BIR and in coordination with the Department of Information and Communications Technology.

Amazon, for example, may be required to register as a VAT entity if it reaches the threshold enumerated above. It has international sellers generating income from Filipino consumers through its digital platform.

The services are essentially rendered in the Philippines by non-resident foreign proprietors. Will they be subject to tax?

They will be subject to VAT. To capture these sales, the bill proposes to widen the coverage of current administrative tax issuances dealing with the taxation of online businesses and transactions by specifically requiring nonresident digital service providers to register for VAT. Amazon, for example, is now responsible for assessing, collecting, and remitting the VAT on the transactions that go through its platforms.

What is glaringly missing though is a provision on income tax. The bill only addressed the liability of nonresident DSPs as far as VAT is concerned, but it is erringly silent on the income tax liability of a nonresident

begun. Global “Transitory Inflation” is about as temporary as my shiny bald head. Secretary Karl Kendrick Chua, head of National Economic and Development Authority, says it will take a decade to return to pre-Covid growth levels. I think he is being a bit pessimistic, but it will take the

world longer than that.

However, as it appears that the localized spread of Covid is diminishing, there is light at the end of the tunnel. There is a chance that even as the cycle turning forecasts another round of both political and economic trouble, I see the Philip-

used to undermine the work of the other House of Congress, the institution will be irreparably damaged.

They cannot both be right, so one of them must have forsaken their oath of fealty to the people, and serve their best interests. n n n Among many of our current government leaders, there is an absence of dedication to serve the public interest; rather, what is easily palpable is that self-interest is the primordial consideration in holding their public office. Every action is motivated by self-aggrandizement, self-preservation and with an eye for reelection. One easily suspects crass motive in many political moves they undertake. The public should be more skeptical and perspicacious, lest they’ll fall for their guise and wiles. The ABS-CBN franchise hearings demonstrated how a legislative power can be misused and abused. In the ongoing Senate Blue Ribbon Committee investigation, the deafening silence of a notable number of legislators who were once a voice of prudence and truth to avoid offending power is disheartening. People will remember who answers the clarion call. The search for truth and justice is not just the business of the opposition; it is the concern of everyone who proudly calls himself a public servant and a tribune of the people. The legislature’s lack of independence and fawning attitude to the Executive department, which can make or break one’s political career, bespeak of the abysmal state of politics we have plunged into. Former US President Harry S. Truman had aptly described them as “the Do-Nothing Congress.” Now, they have the temerity to seek our vote and re-elect them to their legislative seats. Voters will be wiser this time. As one blogger widely protested: “Let’s reject them and throw them under the bus.”

DSP like Amazon and Netflix.

Our country must participate in international discussions on the income taxation scheme that must be applied on cross-border digital services transactions. We must be proactive in protecting our share as a consumer-driven economy on the allocation of income tax.

Understandably, the home country of the non-resident DSPs wants more share of the income tax pie. But we must make sure that our country secures its fair share of the pie. The consumer as well as the actual sale of the goods and services are performed in the country. We should not only be content on imposing VAT to these nonresident DSPs. We must also make sure that they pay the proportionate income tax that is due for our country.

Digital taxation is an unchartered territory with several issues and factors to consider. Enforcement will be critical but equally challenging due to the volume of transactions. It is a welcome development that the bill is trying to address the VAT liability of the players of the digital economy.

But it must also not shy away in pushing for an equitable income tax share for our country.

The author is a senior partner of Du-Baladad and Associates Law Offices, a member-firm of WTS Global.

The article is for general information only and is not intended, nor should be construed as a substitute for tax, legal or financial advice on any specific matter. Applicability of this article to any actual or particular tax or legal issue should be supported therefore by a professional study or advice. If you have any comments or questions concerning the article, you may e-mail the author at irwin.c.nideajr@ bdblaw.com.ph or call 8403-2001 local 330.

pines doing better than the rest. But it all depends on how soon do we get this economy opened up.

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.

A12 Tuesday, October 5, 2021

NEW UK-PHL PACT SEEN TO PROTECT PINOY HCWs

By Samuel P. Medenilla @sam_medenilla

F

ILIPINO hea lt h- c a re workers (HCWs) bound for the United Kingdom (UK) will soon get better protection under a new bilateral agreement to be signed by the Department of Labor and Employment (DOLE).

Labor and Employ ment Secretary Silvestre H. Bello III will meet with British Minister for Asia Amanda Milling on Friday to sign a new Memorandum of Understanding (MOU).

“Generally, this w ill of course cover the benefits to provide further protection of our health-care workers, especially nurses and other health-care professionals that the Philippines have been deploying and will deploy to the United Kingdom of Great Britain,” Labor spokesperson Rolly Francia said in an online press briefing last Monday.

The MOU was supposed to be signed last month with Bello going to the UK, but was postponed when some labor officials were exposed to Covid-19

infection.

The accord will be signed after the government earlier exempted the UK from the deployment cap for HCWs. The Philippine Overseas Employment Administration (POEA) imposed the deployment cap to ensure the country will have a sufficient pool of HCWs for the country’s Covid-19 response.

As of Monday, POEA Administrator Bernard P. Olalia said less than 500 of the 6,500 slots in the deployment cap remain available.

In another matter, Francia said Bello is no longer considering imposing a temporary deployment cap to the Kingdom of Saudi Arabia (KSA).

This, after the two remaining OFWs employed by an allegedly abusive former Saudi general were finally turned over to the Philippine Overseas Labor Office (POLO).

He said the two OFWs will soon be repatriated to be with their families.

Bello threatened last week to stop the deployment of OFWs due to the delayed turnover of the two domestic workers.

Business groups want mobility curbs on unvaxxed population

By Tyrone Jasper C. Piad @Tyronepiad

S

EVER AL business groups have reached a consensus that the unvaccinated population’s activities should be limited “for the common good,” urging the companies and government to further the Covid-19 vaccination rollout.

In a joint statement on Monday, the private sector organizations stressed the need for safe reopening of the economy in a bid to recover amid the pandemic.

“While we also steadfastly believe that everyone has the right to decide on vaccination, we do believe that the state and the private sector should be able to restrict the activities of unvaccinated persons for the common good,” they said.

The groups said, citing experts, that unvaccinated are more likely to get infected by Covid-19, which would hurt the health-care system.

In addition, the private sector representatives said, “there is evidence that unvaccinated persons may be more dangerous carriers of the virus.”

“We believe the state should help companies reopen safely to protect and create jobs by allowing them to impose stricter requirements on unvaccinated employees and patrons, and to decline unvaccinated job applicants, in the interest of the health

and safety of both the vaccinated and the unvaccinated,” the statement read.

They suggested that the government do the same with their employees.

As such, the business groups said this will require a review on the guidelines for vaccination in the workplace.

“We encourage companies to exert every effort to provide opportunities for unvaccinated employees to get vaccinated, and do what they can to accommodate them [and others who cannot be vaccinated for valid medical reasons] in the interim, in a way that does not compromise their health and safety and that of other employees,” they said.

They also urged the government to continue procuring Covid-19 vaccines to further roll out the inoculation program.

The statement was signed by the Bankers Association of the Philippines, Cebu Business Club, Financial Executives Institute of the Philippines, GoNegosyo, Investment House Association of the Philippines, Makati Business Club and Philippine Business for Education.

Other signatories include the Philippine Ecozones Association, Philippine Institute of Certified Public Accountants, Philippine Retailers Association, Subdivision and Housing Developers Association, US-Asean Business Council and WomenBizPH.

Tourism sector…

As of August 5, the Department of Tourism has approved 14 staycation hotels in NCR. These hotels include Aruga by Rockwell, Edsa Shangri-La Manila, Grand Hyatt Manila, Hilton Manila, Hyatt Regency-City of Dreams, Joy Nostalg Hotel & Suites, Nobu Hotel, Nuwa Hotel-COD, Okada Manila, Shangri-la at the Fort, Sheraton Manila,

Continued from A1

Solaire Resort and Casino, Peninsula Manila, and Hotel Okura.

The DOT has also approved 35 multiple-use hotels, which are quarantine hotels that are also allowed to accept business guests and participants in essential meetings and social meetings and social events, but under strict regulations such as separate entrances, elevators, among others.

Investment in residential construction a ‘win-win-win’

E

By Cai U. Ordinario

@caiordinario

VERY $1 million worth of investment in housing construction creates 165 jobs in the Philippines, according to a study commissioned by Habitat for Humanity’s Terwilliger Center for Innovation in Shelter.

The report, titled, “A Ladder UP: The construction sector’s role in creating jobs and rebuilding emerging market economies,” found that an investment of $1 million in housing construction creates an average of 97 jobs in emerging markets.

The study was done by economists at the University of Pennsylvania, the University of Southern California, and the University of Washington. The report focused on 9 countries: the Philippines, Brazil, Colombia, India, Indonesia, Mexico, Peru, South Africa and Uganda.

“Investment in residential construction represents a potential win-win-win in emerging markets because it creates such a large number of jobs locally, helps close stubborn gaps in affordable housing and stimulates the larger economy,” Patrick Kelley, vice president of Habitat’s Terwilliger Center, said.

“These findings are critically important for low- and middle-income countries deciding what areas to prioritize as they work to build back economies weakened by the

Covid-19 pandemic, particularly in a world where 1.6 billion people still lack adequate shelter,” he added.

The report stated that housing construction’s output multiplier in the Philippines is 2.2 while its employment multiplier is 1.4.

The direct employment effect of the housing construction is 119 jobs for every million-dollar investment, while indirect employment effect is 45 jobs per million-dollar investment. Data showed that nearly half or 43.9 percent of workers in the construction sector completed secondary schooling; 26.5 percent completed primary education; and 15 percent’s education is less than primary school level. Only 14.1 percent had degrees.

Majority of workers at 62.2 percent are wage/salary workers while 33.6 percent were self-employed.

Around 4.2 percent, however, were unpaid workers.

In the Philippines, the report said, there are 2.579 million construction workers who represent 6.6 percent of the country’s workforce.

Almost all or 97.6 percent of these workers are male and the average age is 37.1 years old. There are only 62,000 females working in the construction sector.

“Overall, the evidence points to strong economic spillovers from the construction industry through backward and forward linkages with other industries and large employment effects both directly and indirectly,” the report stated.

“In addition, available estimates for the residential building construction sector are similar, and often somewhat higher than those for non-residential building or other construction sectors,” it added.

Habitat said the report provides evidence that many of those jobs

go to workers with lower levels of formal education. These are relatively well-paying jobs compared to other employment options for workers with limited educational attainment, the researchers found.

Residential construction dominates the sector, the report found.

In Brazil, Colombia, and Mexico, for example, residential construction accounts for more than 80 percent of total building construction.

The researchers also concluded that measures to improve the working conditions and on-the-job training of construction workers can help urban areas—including those hit hard by the pandemic— develop in a more sustainable, equitable way.

THE Quezon City Public School Teachers Association and the Manila Public School Teachers Association conduct a joint community pantry activity in Tondo, Manila, ahead of World Teachers’ Day, which is celebrated on October 5. They also asked for a salary increase and tax-free honorarium for teachers serving as members of the Board of Election Inspectors, among others. ROY DOMINGO

Bongbong seeks help for struggling transport workers

T

HE national government must provide more assistance to transport workers who are still reeling from the impact of the Covid-19 pandemic on their livelihood, having been the first hit by strict mobility restrictions.

The call comes from former Sen. Ferdinand “Bongbong” Marcos Jr. as he noted the disappointment aired by some transport groups who claim that none of the 800,000 operators, drivers, and transport workers received the allotted funds meant to support them.

“Let’s give enough attention and assistance to our countrymen in the transport sector. They are the drivers of jeepneys, taxis and pedicabs who daily must ply their routes to support their families,” Marcos said, speaking partly in Filipino.

A spokesperson from the Pagkakaisa ng mga Samahan ng Tsuper at Operator Nationwide (Piston) said recently that they were surprised to hear that P5 billion was earmarked for transport workers, because the latter received only a pittance.

Piston lamented that it should have been distributed to the workers in all modes of transportation, including buses, taxis, tricycles, and UV Express vans, who were among the hardest hit by the pandemic.

According to a 2020 Commission on Audit (COA) report, only P59 million of the P5.58-billion fund allocated to the LTFRB was used for the service contracting program to subsidize operators and drivers to ply their routes to serve those allowed to report for work.

Marcos said the service con-

tracting program should continue to supplant the reduced income of PUV drivers. Some drivers reported only earning P250 after a hard day’s work.

“This program has a good intention, and it’s only right that the government pursue this because there are drivers who say their daily income plunged to just P250 when they ply their routes,” Marcos added.

Marcos also appealed to the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to increase the seating capacity of PUJs. This would allow drivers and operators to recoup their losses since passenger numbers are still weak even as the economy slowly reopens and businesses gradually resumes operation.

“We hope the IATF considers

increasing the capacity of PUVs. Per information we received, they need to load at least 10 passengers per trip in order to cover just the fuel and other basic costs. But right now, only six to eight passengers are allowed because of the restrictions,” Marcos pointed out, by way of explaining why the transport workers are operating in deficit and continue to be mired in poverty.

Marcos also urged the government to ease restrictions among transport workers as they will play an essential role as the country’s economic reopening picks up steam.

“Let us ease the restrictions on our transport workers because with the steady reopening of the economy, we will increasingly need their services,” Marcos added.

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION 19 OKF ASIAN HOLDINGS CORP. Unit 1506-b Antel Seaview Tower, Roxas Blvd., Brgy. 076, Pasay City

No.

LEE, HANNA Marketing Consultant 1.

Brief Job Description: Geographical survey machine & medical machine, equipment promotion & contract activities.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: College graduate, fluent in English/Hangul (Korean language), with good communication, and strong leadership skills and fluent in Tagalog speaking, has no criminal record, good health clearance

No.

15.

16.

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

24/7 BUSINESS PROCESSING INC. 7/f Capella Bldg., L-3&4 B2, Asean Drive Filinvest, Alabang, City Of Muntinlupa Basic Qualification: ny nationality who can speak and write Chinese fluently.

CHENG, XIAOYAN Preferably 6 months to 1 year Customer Service Representative (Chinese Accounts) customer service experience.

2.

Detail-oriented and has the Brief Job Description: ability to multi-task.

Assists clients will all their concerns A

3.

4.

KE, HONGWEI Customer Service Representative (Chinese Accounts) Brief Job Description: Assists clients will all their concerns.

LIEU THI LIEN Customer Service Representative (Chinese Accounts) Brief Job Description: Assists clients will all their concerns

8 STONE BUSINESS OUTSOURCING OPC 5-10/f Tower 1, Pitx Kennedy Road, Tambo, City Of Parañaque HAN, YANWU Customer Service Representative Mandarin Speaking 5.

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

HO TRIEU DINH Customer Service Representative Mandarin Speaking 6.

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

LI, TENGFEI Customer Service Representative Mandarin Speaking 7.

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

WANG, GONG Customer Service Representative Mandarin Speaking 8.

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

WANG, ZHEN Customer Service Representative Mandarin Speaking 9.

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

XU, YANLEI Customer Service Representative Mandarin Speaking 10.

11.

Brief Job Description: Build sustainable relationship of trust through open and interactive communication in Mandarin Speaking DUAN, MENGKANG Mandarin Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

AMUSETECH BUSINESS OUTSOURCING 6, 7, 8th Flr. (np), Moa Arena, J.w. Diokno Blvd., Brgy. 076, Pasay City

NGO LINH PHUNG Customer Service Representative Mandarin Speaking 12.

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: *Any nationality who can speak and write Chinese fluently. *Preferably 6 months to 1 year customer service experience. *Detail-oriented and has the ability to multi-task.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Any nationality who can speak and write Chinese fluently. Preferably 6 months to 1 year customer service experience. Detail-oriented and has the ability to multitask.

13.

14.

Brief Job Description: Managing incoming calls and customer service inquires CHEN, SHUICHENG Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires

18.

19.

20.

21.

22.

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

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

ANOC99 CORPORATION 5/f To 10/f Ayala Malls Manila Bay Building D., Macapagal Blvd. Cor. Aseana Street, Tambo, City Of Parañaque CAO, XIHUA Chinese Customer Service

17.

23.

24.

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

DUAN, XINGWEI Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires LI, XIAOQIANG Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires PENG, HAIBO Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires SU, KAISHI Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires SU, XIANGSHENG Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires TRAN VAN HA Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires TRAN VAN KHANH Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires WEI, HAIZHOU Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires ZHANG, XINGXING Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires WANG, JINGSHENG Chinese Customer Specialist Brief Job Description: Managing incoming calls and customer service inquires

AVANTICE CORPORATION 19/f Pbcom Tower, Ayala Ave., Bel-air, City Of Makati GOH SWEE ANN, STANLEY a.k.a. WU RUI AN Operations Assistant Manager 25.

Brief Job Description: Coordinating with upper management to find ways to enhance their customer service objectives among executives

YAMAMOTO, JINYON Operations Senior Executive 26.

Brief Job Description: Assist in responding to customer inquiries and resolving issues or complaints

YOON, ILNOH Operations Senior Executive 27.

Brief Job Description: Assist in responding to customer inquiries and resolving issues or complaints

BOSKALIS PHILIPPINES INC. R-5008-b12/f A-place Bldg., Cbp Coral Way Drive, Brgy. 076, Pasay City VAN DER STELT, TIM Hr Manager 28.

Brief Job Description: Responsible and coordinates everything around the employment of local and expatriated personnel on the large and complex dredging project.

XU, WENLIANG Mandarin Project Supervisor 31.

Brief Job Description: Monitor and maintain rigging equipment to ensure safety. Report all safety concerns/issues to management immediately. Set up and breakdown necessary equipment

A13

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

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: Diploma/certificate, college degree in any field; Must be native Singaporean, fluent in English and Mandarin; With atleast 5 years experience in customer service or similar function Salary Range: Php 150,000 - Php 499,999 Basic Qualification: Must be native Cambodian/ Vietnamese/Chinese/ Thai/Indonesian/ Korean/ Japanese/Taiwanese/ Fluent in English and respective native language; With atleast a year experience in similar field Salary Range: Php 90,000 - Php 149,999 Basic Qualification: Must be native Cambodian/ Vietnamese/Chinese/ Thai/Indonesian/ Korean/ Japanese/Taiwanese/ Fluent in English and respective native language; With atleast a year experience in similar field Salary Range: Php 90,000 - Php 149,999 Basic Qualification: Extensive HR experience in the international Dredging industry; Proven successful relevant experience of at least 5 years with an international project environment.

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

Basic Qualification: With good oral and communication skills, specifically in english and mandarin language familiarity in field and construction works Salary Range: Php 30,000 - Php 59,999

COGNIZANT TECHNOLOGY SOLUTIONS PHILIPPINES, INC. 2nd, 3rd, And 4th Floors, Science Hub Tower 4 Bldg., Mckinley Hill Cyberpark, Fort Bonifacio, City Of Taguig

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION SHARMA, SWATI Deputy General Manager

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

CHINA ROAD AND BRIDGE CORPORATION Unit 2605, 2607, 2608, & 2609, High St. South Corporate Plaza, Tower 1, 9th Avenue Corner 26th St., Bonfacio Global City, Fort Bonifacio, City Of Taguig Basic Qualification: HOU, JING Experience in compliance Compliance Officer management 29.

Brief Job Description: Salary Range: Develop and review company policies Php 30,000 - Php 59,999 Basic Qualification: HE, MAOSHENG Experience in general Deputy General Manager management 30.

Brief Job Description: Salary Range: In charge of the project management in construction site Php 60,000 - Php 89,999 CHN-PHL HUAIYUAN INTERNATIONAL CONSTRUCTION CORPORATION Unit A&b 20/f Rufino Pacific Tower, 6784 Ayala Avenue, San Lorenzo, City Of Makati

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Tuesday, October 5, 2021

32.

Brief Job Description: Conduct skill planning and budgeting initiatives in alignment with business needs/Administer training needs identification and other relevant diagnostics (e.g. Focus Group Discussions) to conduct detailed needs assessment RAMASUBBU, SARAVANAN Sr. Product Specialist-tech

QUALIFICATION AND SALARY RANGE Basic Qualification: 12-15 years of experience in Training Need analysis & human performance improvement Salary Range: Php 90,000 - Php 149,999 Basic Qualification: Bachelor of Engineering in Computer Science; 14 years’ work experience in client specific and business needs

Brief Job Description: Expert level knowledge on Progress 4GL; Business Knowledge on VPAS, Annulties and the domain specific things; Expert level knowledge on web speed, Unix and Salary Range: oracle technology; Php 30,000 - Php 59,999 COLDSTREAM MARKETING SOLUTION INC. 603-4 Eastfield Ctr., Moa Comp. Macapagal Ave., Brgy. 076, Pasay City Basic Qualification: CHEN, YUMING Must be fluent in Mandarin, Customer Service Representative Cantonese, and Fukien 34. language Brief Job Description: Responsible for a variety of customer service functions for Salary Range: the company’s Chinese clientele.

Php 30,000 - Php 59,999 Basic Qualification: CHENG, MINHAO Must be fluent in Mandarin, Customer Service Representative Cantonese, and Fukien 35. language Brief Job Description: Responsible for a variety of customer service functions for Salary Range: the company’s Chinese clientele.

Php 30,000 - Php 59,999 Basic Qualification: CHRISTINA YEO Must be fluent in Mandarin, Customer Service Representative Cantonese, and Fukien 36. language Brief Job Description: Responsible for a variety of customer service functions for Salary Range: the company’s Chinese clientele.

Php 30,000 - Php 59,999 Basic Qualification: DU LEY, KUNLONG Must be fluent in Mandarin, Customer Service Representative Cantonese, and Fukien 37. language Brief Job Description: Responsible for a variety of customer service functions for Salary Range: the company’s Chinese clientele.

Php 30,000 - Php 59,999 Basic Qualification: LI, CHANG Must be fluent in Mandarin, Customer Service Representative Cantonese, and Fukien language 38.

Brief Job Description: Responsible for a variety of customer service functions for Salary Range: the company’s Chinese clientele.

Php 30,000 - Php 59,999 CONCENTRIX CVG PHILIPPINES, INC. 25/f Ayala North Exchange, Tower 2, 6796, Ayala Ave. Cor. Salcedo & Amorsolo Streets, City Of Makati AMADI, WISDOM ANAYOR Team Leader, Operations Basic Qualification: Highschool diploma and one Brief Job Description: year of relevant experience 39.

Responsible for day-to-day supervision of a call center associates. This position ensures performance metrics are Salary Range: achieved by providing adequate coaching, motivation and Php 30,000 - Php 59,999 accountability CRONYX INC. No. 4th-10th Flr. Yinhope Bldg., Dela Rama Cor. Zoili Hilario St., Seascape Village, Ccp Complex Subd.

Zone 10, Barangay 076, District 1, Pasay City Basic Qualification: BENNY STEPEN With Atleast 6 Months Chinese Speaking Data Entry Clerk Customer Service Experience/ Good in Oral and 40.

Brief Job Description: Written Communication Assist/Help Customers, Give Customers Information about Products and Services Salary Range: Php 30,000 - Php 59,999 Basic Qualification: CAI, FULIN With Atleast 6 Months Chinese Speaking Data Entry Clerk Customer Service Experience/ Good in Oral and 41.

Brief Job Description: Written Communication Assist/Help Customers, Give Customers Information about Products and Services Salary Range: Php 30,000 - Php 59,999 Basic Qualification: CAO, WEISHENG With atleast 6 months Chinese Speaking Data Entry Clerk customer service experience/ good in oral communication 42.

Brief Job Description: and written Assist/help customers, give customers information about product and services Salary Range: Php 30,000 - Php 59,999 Basic Qualification: CHEN, QI With Atleast 6 Months Chinese Speaking Data Entry Clerk Customer Service Experience/ Good in Oral and 43.

Brief Job Description: Written Communication Assist/Help Customers, Give Customers Information about Products and Services Salary Range: Php 30,000 - Php 59,999 Basic Qualification: CHENG, YUN With atleast 6 months Chinese Speaking Data Entry Clerk customer service experience/ good in oral communication 44.

Brief Job Description: and written Assist/help customers, give customers information about product and services Salary Range: Php 30,000 - Php 59,999 Basic Qualification: CHEW CHOON XIAN With Atleast 6 Months Chinese Speaking Data Entry Clerk Customer Service Experience/ Good in Oral and 45.

Brief Job Description: Written Communication Assist/Help Customers, Give Customers Information about Products and Services Salary Range: Php 30,000 - Php 59,999 33.

DWI DELIYANTO Chinese Speaking Data Entry Clerk 46.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services

FU, RENJIE Chinese Speaking Data Entry Clerk 47.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services

GOH CHAN KUAN Chinese Speaking Data Entry Clerk 48.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services

Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999

BusinessMirror

A14 Tuesday, October 5, 2021

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION HU, BIN Chinese Speaking Data Entry Clerk

49.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services JOHNY WONG YIUNG SOON Chinese Speaking Data Entry Clerk

50.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services LE TUYET NGOC Chinese Speaking Data Entry Clerk

51.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services LEI, CHENGXIN Chinese Speaking Data Entry Clerk

52.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services LI, KEHAN Chinese Speaking Data Entry Clerk

53.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services WANG, XUANBO Chinese Speaking Data Entry Clerk

54.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services WU, ZHAOLONG Chinese Speaking Data Entry Clerk

55.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services XU, JILONG Chinese Speaking Data Entry Clerk

56.

Brief Job Description: Assist/help customers, give customers information about product and services XUAN, BINLING Chinese Speaking Data Entry Clerk

57.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services TANG, YUHUI Chinese Speaking Graphic Designer

58.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services XU, ZIRAN Chinese Speaking Graphic Designer

59.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services YU, TING Chinese Speaking Graphic Designer

60.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services ADE GUSRIANTO Chinese Speaking Program Designer

61.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services JIN, LEI Chinese Speaking Program Designer

62.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services LAN, YUANZHONG Chinese Speaking Program Designer

63.

Brief Job Description: Assist customers, give customers information about product and services PI, YUAN Chinese Speaking Program Designer

64.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services TANG, PANKE Chinese Speaking Program Designer

65.

Brief Job Description: Assist/Help Customers, Give Customers Information about Products and Services

DATACLICK INTERNATIONAL CORP. E. Rodriguez St., Roxas Blvd. St., Barangay 003, Pasay City 66.

67.

68.

HE, ZHIWEN Chinese Customer Service Officer Brief Job Description: Converse and interact with the customer HU, HAIFENG Chinese Customer Service Officer Brief Job Description: Converse and interact with the customer KE, SHENGWANG Chinese Customer Service Officer Brief Job Description: Converse and interact with the customer BUI DINH VUONG Customer Service Officer

69.

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

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With atleast 6 months customer service experience/ good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With atleast 6 Months customer service experience / Good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With Atleast 6 Months Customer Service Experience/ Good in Oral and Written Communication Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Chinese writing and speaking language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Chinese writing and speaking language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Chinese writing and speaking language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Chinese writing and speaking language Salary Range: Php 30,000 - Php 59,999

No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION GOH DIK WAI Customer Service Officer

70.

71.

Brief Job Description: The Customer Service Officer is a first point of contact for the company’s Chinese clients. The primary role of Chinese Customer Service Officer within the team is to respond to a variety Chinese client’s requests and inquiries via telephone or via live chat HA MINH NHAT Customer Service Officer Brief Job Description: Converse and interact with the customer HO LUU HOANG GIANG Customer Service Officer

72.

73.

74.

75.

76.

77.

78.

79.

80.

81.

82.

83.

84.

Brief Job Description: The Customer Service Officer is a first point of contact for the company’s Chinese clients. The primary role of Chinese Customer Service Officer within the team is to respond to a variety Chinese client’s requests and inquiries via telephone or via live chat KELVIN KUA MENG HEE Customer Service Officer Brief Job Description: The Customer Service Officer is a first point of contact for the company’s Chinese clients. The primary role of Chinese Customer Service Officer within the team is to respond to a variety Chinese client’s requests and inquiries via telephone or via live chat MAI THI THU NGAN Customer Service Officer Brief Job Description: The Customer Service Officer is a first point of contact for the company’s Chinese clients. The primary role of Chinese Customer Service Officer within the team is to respond to a variety Chinese client’s requests and inquiries via telephone or via live chat NG LI FEN Customer Service Officer Brief Job Description: The Customer Service Officer is a first point of contact for the company’s Chinese clients. The primary role of Chinese Customer Service Officer within the team is to respond to a variety Chinese client’s requests and inquiries via telephone or via live chat NGO CAO NGUYEN Customer Service Officer Brief Job Description: Converse and interact with the customer NGUYEN TIEN THANG Customer Service Officer Brief Job Description: Converse and interact with the customer NGUYEN VAN CHI Customer Service Officer Brief Job Description: Converse and interact with the customer NHIN VONG MUI Customer Service Officer Brief Job Description: Converse and interact with the customer QUACH THI HOAI VAN Customer Service Officer Brief Job Description: Converse and interact with the customer TRAN MANH HUNG Customer Service Officer Brief Job Description: Converse and interact with the customer TRAN VAN HOAN Customer Service Officer Brief Job Description: Converse and interact with the customer VAN HAI LUAN Customer Service Officer Brief Job Description: Converse and interact with the customer WEE JEN JYE Customer Service Officer Brief Job Description: Converse and interact with the customer

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ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

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

O’SULLIVAN, JOHN NOEL Telecoms Principal Consultant 90.

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

91.

92.

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

Brief Job Description: Define, design and implement technology and process changes needed to enable our customers to implement and improve technical services.

FAREAST OUTSOURCE PROCESSING INC. 7th, 8th, 9th Flr. Nu Tower, Moa Coral Way, Brgy. 076, Pasay City

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

93.

HE, PAOJI Customer Service Representative Brief Job Description: Customer Service Representative

HU, FEI Customer Service Representative Brief Job Description: Customer Service Representative

HUANG, GEQIANG Customer Service Representative Brief Job Description: Customer Service Representative

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

94.

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

95.

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

96.

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

97.

98.

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

99.

HUANG, LIANG Customer Service Representative Brief Job Description: Customer Service Representative

LAI, BAIYUN Customer Service Representative Brief Job Description: Customer Service Representative

LI, DAWEI Customer Service Representative Brief Job Description: Customer Service Representative

LIANG, KE Customer Service Representative Brief Job Description: Customer Service Representative

QIANG, ERLONG Customer Service Representative Brief Job Description: Customer Service Representative

RAO, GUILIN Customer Service Representative Brief Job Description: Customer Service Representative

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

DOCQUITY PHILIPPINES CORP. U 2005 20/f West Tower, Psec Exchange Road West Tower Exchange Rd., San Antonio, City Of Pasig Basic Qualification: Proven experience BINDRA, SHIREEN in accounts/project Head Of Accounts Management - Southeast Asia management roles with 85. experienced handling Asian Brief Job Description: countries accounts Project manage internal (regional & local office) resources for project development and on-time delivery Salary Range: Php 150,000 - Php 499,999 EASTERN GOLD CORPORATION 503, Nueva St, , Binondo, City Of Manila Basic Qualification: Can contributes information, LI, HONGYING ideas, and research to help Marketing And Sales Agent develop marketing strategies; can help to detail, design, 86.

Brief Job Description: and implement marketing Researches and develops various marketing strategies for plans for each product or products and services and implements marketing plans service being offered. and works to meet sales quotas Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Can contributes information, MU, LIXIN ideas, and research to help Marketing And Sales Agent develop marketing strategies; can help to detail, design, 87.

Brief Job Description: and implement marketing Researches and develops various marketing strategies for plans for each product or products and services and implements marketing plans service being offered. and works to meet sales quotas Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Can contributes information, SHA, WEIJIAN ideas, and research to help Marketing And Sales Agent develop marketing strategies; can help to detail, design, 88.

Brief Job Description: and implement marketing Researches and develops various marketing strategies for plans for each product or products and services and implements marketing plans service being offered. and works to meet sales quotas Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Can contributes information, ZHOU, YING ideas, and research to help Marketing And Sales Agent develop marketing strategies; can help to detail, design, 89.

Brief Job Description: and implement marketing Researches and develops various marketing strategies for plans for each product or products and services and implements marketing plans service being offered. and works to meet sales quotas Salary Range: Php 30,000 - Php 59,999 ERICSSON TELECOMMUNICATIONS, INC. 22/f Two/neo Bldg., 3rd Ave. Cor. 28th St. Crescent Parkwest, Fort Bonifacio, City Of Taguig

100.

101.

102.

103.

104.

105.

TANG, SHIHONG Customer Service Representative Brief Job Description: Customer Service Representative

WANG, XINGYUN Customer Service Representative Brief Job Description: Customer Service Representative

WEI, YONGZHUAN Customer Service Representative Brief Job Description: Customer Service Representative

WEI, YUNLONG Customer Service Representative Brief Job Description: Customer Service Representative

YANG, TIANFENG Customer Service Representative Brief Job Description: Customer Service Representative

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

QUALIFICATION AND SALARY RANGE Basic Qualification: Bachelor’s degree. 12 to 15 work experience as consultant in telecom or management level. Ability in technical management, process development and business process. Excellent communications skills, business acumen and etc.

Salary Range: Php 60,000 - Php 89,999 Basic Qualification: High school graduate in Chinese curriculum, can speak and write fluent in Chinese mandarin, can operate computer mandarin characters Salary Range: Php 30,000 - Php 59,999 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 Basic Qualification: High school graduate in Chinese curriculum, can speak and write fluent in Chinese mandarin, can operate computer mandarin characters Salary Range: Php 30,000 - Php 59,999 Basic Qualification: High school graduate in Chinese curriculum, can speak and write fluent in Chinese mandarin, can operate computer mandarin characters Salary Range: Php 30,000 - Php 59,999 Basic Qualification: High school graduate in Chinese curriculum, can speak and write fluent in Chinese mandarin, can operate computer mandarin characters Salary Range: Php 30,000 - Php 59,999 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 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 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 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 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 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 Basic Qualification: High school graduate in Chinese curriculum, can speak and write fluent in Chinese mandarin, can operate computer mandarin characters Salary Range: Php 30,000 - Php 59,999 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 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 Basic Qualification: High school graduate in Chinese curriculum, can speak and write fluent in Chinese mandarin, can operate computer mandarin characters Salary Range: Php 30,000 - Php 59,999

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

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

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

106.

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

CUI, DONGBIN Customer Service Representative 107.

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

HAN, HAOJIE Customer Service Representative 108.

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

WU, GUOQING Customer Service Representative 109.

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

XIA, YUNTIAN Customer Service Representative 110.

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

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Must be a College graduate; Can Prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can Manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be a College graduate; Can Prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can Manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be a College graduate; Can Prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can Manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be a College graduate; Can Prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can Manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be a College graduate; Can Prepare product or service reports by collecting and analyzing customer information; Can contribute to team effort by accomplishing related results as needed; Can Manage large amounts of incoming calls Salary Range: Php 30,000 - Php 59,999

GLENMARK PHILIPPINES INC. Unit 901 & 902 9/f, 11th Corporate Ctr. Bldg., 11th Ave., Cor. Triangle Dr. Bgc, Fort Bonifacio, City Of Taguig Basic Qualification: HASAN, SYED ADEEL Minimum of 15years of Country Manager leadership background, with a strong background of India 111.

Brief Job Description: pharmaceutical companies Responsible in overall business of Glenmark Philippines Inc., marketing strategy and business development Salary Range: Php 150,000 - Php 499,999 HAMMERTIME CONSTRUCTION INC. Unit 203-s3 2nd Flr., Fbr Arcade Bldg., #317 Katipunan Ave. Loyola Heights 3, Quezon City Basic Qualification: WANG, ZHONGZHEN At least three (3) years Senior Site Coordinator of experience as a site coordinator; fluent in 112.

Brief Job Description: mandarin/basic English Plan and coordinate all management aspects of the project at site Salary Range: Php 30,000 - Php 59,999 HUA NAN COMMERCIAL BANK, LTD. MANILA BRANCH 26/f Tower 6789, 6789 Ayala Ave., Bel-air, City Of Makati WANG, WEN-TANG Basic Qualification: Vice President & General Manager More than 10 years of banking experience 113.

Brief Job Description: Branch administration of the branch and achieving the Salary Range: business goal set by the head office in Taiwan Php 30,000 - Php 59,999 ITECHNO SPECIALIST INC. 24/f Yuchengco Tower I, Rcbc Plaza, Bel-air, City Of Makati LI, ZHIMING Chinese IT Support Specialist Basic Qualification: A Chinese and fluent in Brief Job Description: Chinese writing and speaking 114.

The Chinese IT Support Specialist (CITSS) is an integral language member of the company infrastructure, Application Support, and of the IT Division and is responsible for Salary Range: providing quality IT support of enterprise systems Php 30,000 - Php 59,999 throughout the Chinese clientele.

YU, JIHANG Chinese IT Support Specialist Basic Qualification: A Chinese and fluent in Brief Job Description: Chinese writing and speaking 115.

The Chinese IT Support Specialist (CITSS) is an integral language member of the company infrastructure, Application Support, and of the IT Division and is responsible for Salary Range: providing quality IT support of enterprise systems Php 30,000 - Php 59,999 throughout the Chinese clientele.

THAI GIA VINH IT Support Specialist Basic Qualification: A Chinese and fluent in Brief Job Description: Chinese writing and speaking 116.

The Chinese IT Support Specialist (CITSS) is an integral language member of the company infrastructure, Application Support, and of the IT Division and is responsible for Salary Range: providing quality IT support of enterprise systems Php 30,000 - Php 59,999 throughout the Chinese clientele.

KDDI PHILIPPINES CORPORATION Units A, B, C, & D, 25/f Rufino Pacific Tower, 6784 Ayala Ave., San Lorenzo, City Of Makati Basic Qualification: NISHIWAKI, TAKASHI Responsible for the sales and Account Manager marketing operations of the 117. company.

Brief Job Description: Responsible for the sales and marketing operations of the Salary Range: company.

Php 90,000 - Php 149,999 KEB HANA BANK - MANILA BRANCH U-1, 2 & 3 33 21/f Zuellig Bldg., Makati Ave. Cor. Paseo De Roxas, Urdaneta, City Of Makati JOO, YOUNG JOON Senior Manager 118.

Brief Job Description: Have overall management of accounting matter, IT department, and HR department

Basic Qualification: Bachelor’s degree holder Salary Range: Php 90,000 - Php 149,999

LOVE TRAVEL AGENCY, INC. 2f-9 Gateway Bldg., Cartimar, Taft Ave., Brgy. 039, Pasay City

119.

HUANG, CIAO-WEI Chinese Speaking-customer Service Brief Job Description: Answer incoming calls and respond to customer’s emails

Basic Qualification: Excellent in written and verbal communication skills in mandarin and with at least 6 months customer service experience Salary Range: Php 30,000 - Php 59,999

MAIDEHAO TRADING, CORP. Level 10-1 Fort Legend Tower, 3rd Ave. And 31st St., Bgc, Fort Bonifacio, City Of Taguig CHEN, SHENGYANG Admin Manager 120.

Brief Job Description: Responsible for providing administrative support to an organization. Their duties include organizing company records, overseeing department budgets and maintaining inventory of office supplies.

Basic Qualification: Fluent in Mandarin preferably graduate in China, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999

No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION WU, YUBING Chief Operation Officer

121.

Brief Job Description: Oversee company’s operational processes, and to ensure a superb customer experience. Optimize our company’s operating capabilities, employ strategies to maximize customer satisfaction, and manage marketing initiatives.

JI, HENGBIN Sales Manager

144.

145.

Brief Job Description: Managing incoming calls and customer service inquiries TRAN THI THUY TRANG Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires

A15

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Fluent in Mandarin, preferably graduate in China, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin, preferably graduate in china, knowledgeable in Chinese corporation

Brief Job Description: 122.

Lead a sales team by providing guidance, training and mentorship, setting sales quotas and goals, creating sales plans, analyzing data, assigning sales territories and Salary Range: building their team.

Php 30,000 - Php 59,999 MARKETROLE ASIA PACIFIC SERVICES, INC. 26/f, 27/f, 28/f The Enterprise Center Tower 1, 6766 Ayala Ave. Cor. Paseo De Roxas, San Lorenzo, City Of Makati Basic Qualification: VOONG SY MUI can speak Chinese/Mandarin Chinese Speaking Customer Service Staff Fluently 123.

Brief Job Description: Salary Range: provide outstanding and exceptional customer service Php 30,000 - Php 59,999 MHI POWER TECHNICAL SERVICES CORPORATION 27/f Robinsons Cybergate Center, Tower 3, Pioneer St., City Of Mandaluyong Basic Qualification: At least 10 years experience, FUJINO, HIROMI must be Bachelor Degree; Technical Supervisor (Japanese National) Strong ability to solve 124. problems etc.

Brief Job Description: Supervisor of 3D design work for layout & piping Division Salary Range: Php 90,000 - Php 149,999 MOA CLOUDZONE CORP. 4th-11th Flr. Nexgen Tower, C4 Rd. Edsa Ext., Brgy. 076, Pasay City Basic Qualification: BIAN, YINGXIANG Able to speak, read and write Chinese Customer Service Chinese language 125.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: FABIAN WEE YIH SHYONG Able to speak, read, and Chinese Customer Service write Chinese language 126.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquires Php 30,000 - Php 59,999 Basic Qualification: HE, ZHUOFAN Able to speak, read and write Chinese Customer Service Chinese language 127.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: HU, HANDONG Able to speak, Read, and Chinese Customer Service Write Chinese language 128.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: HUANG, JIAN Able to speak, Read, and Chinese Customer Service Write Chinese language 129.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: JIN, YAJIN Able to speak, read and write Chinese Customer Service Chinese language 130.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: KYAW ZIN LAT Able to speak, Read, and Chinese Customer Service Write Chinese language 131.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: LE THAI NHU Able to speak, read, and Chinese Customer Service write Chinese language 132.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquires Php 30,000 - Php 59,999 Basic Qualification: LI, CHENGXIANG Able to speak, read, and Chinese Customer Service write Chinese language 133.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquires Php 30,000 - Php 59,999 Basic Qualification: LI, XIAOLING Able to speak, read and write Chinese Customer Service Chinese language 134.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: LI, YUNLONG Able to speak, read and write Chinese Customer Service Chinese language 135.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: LIN, TIANFU Able to speak, read and write Chinese Customer Service Chinese language 136.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: LIU, WU Able to speak, Read, and Chinese Customer Service Write Chinese language 137.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: LUO, JIEXIN Able to speak, read and write Chinese Customer Service Chinese language 138.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: NGUYEN THI THUY NHAN Able to speak, read, and Chinese Customer Service write Chinese language 139.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquires Php 30,000 - Php 59,999 Basic Qualification: NGUYEN VIET ANH Able to speak, read, and Chinese Customer Service write Chinese language 140.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquires Php 30,000 - Php 59,999 Basic Qualification: NONG THI HOP Able to speak, read, and Chinese Customer Service write Chinese language 141.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquires Php 30,000 - Php 59,999 Basic Qualification: PHAM THI THU LANH Able to speak, read, and Chinese Customer Service write Chinese language 142.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquires Php 30,000 - Php 59,999 Basic Qualification: TINI Able to speak, read and write Chinese Customer Service Chinese language 143.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 TONG, XIN Chinese Customer Service

Tuesday, October 5, 2021

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

No.

146.

147.

148.

149.

150.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION WANG, FEI Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquires WANG, SUE Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquiries YANG, WENJIE Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquiries ZHENG, CAIWEI Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquiries ZHONG, HONGHUI Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquiries

QUALIFICATION AND SALARY RANGE 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

NEW ORIENTAL CLUB88 CORPORATION 3rd, 5th, 6th, 7th, 8th, 9th & 10th/f, Pearl Marina Building Pacific Drive, Don Galo, City Of Parañaque Basic Qualification: CHEN, HUA Able to speak, read and write Chinese Customer Service Chinese language 151.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: CHEN, HUANNING Able to speak, read and write Chinese Customer Service Chinese language 152.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: CHEN, SIKAI Able to speak, read and write Chinese Customer Service Chinese language 153.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: CHEN, WENBAO Able to speak, read and write Chinese Customer Service Chinese language 154.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: DENG, YIWEI Able to speak, read and write Chinese Customer Service Chinese language 155.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: FENG, YINLE Able to speak, read and write Chinese Customer Service Chinese language 156.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: JIANG, YUCHEN College graduate, preferably Chinese Customer Service 1yr experience in the similar field, speak and write Brief Job Description: fluently (native language and 157.

Manage incoming calls and inquiries, handling complaints, English) provide solutions, process customer accounts and file the documents.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: JIANG, YUNXIANG College graduate, preferably Chinese Customer Service 1yr experience in the similar field, speak and write 158.

Brief Job Description: fluently (native language and Manage incoming calls and inquiries, handling complaints, English) provide solutions, process customer accounts and file the documents.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: LIANG, SHICHANG College graduate, preferably Chinese Customer Service 1yr experience in the similar field, speak and write fluently 159.

Brief Job Description: (native language and English) Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file the Salary Range: documents.

Php 30,000 - Php 59,999 Basic Qualification: AUNG SAN NAING Able to speak, read and write Myanmari Customer Service Chinese language 160.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: DINH VAN LINH Able to speak, read and write Vietnamese Customer Service Chinese language 161.

Brief Job Description: Salary Range: Managing incoming calls and customer service inquiries Php 30,000 - Php 59,999 Basic Qualification: LAI VAN NAM College graduate, preferably Vietnamese Customer Service 1yr experience in the similar field, speak and write fluently 162.

Brief Job Description: (native language and english) Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file the Salary Range: documents.

Php 30,000 - Php 59,999 OCEAN AIRE HOTEL CORPORATION Oceanaire Bldg., Ltd. Cbp. D. Macapagal Blvd., Brgy. 076, Pasay City Basic Qualification: YANG, BIN Analyze the Company’s Budget Analyst budget and find ways to allocate resources more Brief Job Description: efficiently to maximize 163.

Analyze the Company’s budget and find ways to allocate profits, With highly resources more efficiently to maximize profits. Duties developed analytical skills. include organizing finances, preparing budget reports in English and Mandarin.

Salary Range: Php 30,000 - Php 59,999 PAYMAYA LENDING CORPORATION 7th Flr. Launchpad Reliance, Cor. Sheridan, Brgy. Highway Hills, City Of Mandaluyong Basic Qualification: Experience in developing MANBHANJAN PANDA digital, seamlessly integrated, Chief Operating Officer Of Financial Services ultraconvenient financial 164. software services for Brief Job Description: consumers Manages, controls, and orchestrates the build and growth for the adjacent businesses of Paymaya Salary Range: Php 150,000 - Php 499,999 PH GLOBAL JET EXPRESS INC. 11th Floor, The Marajo Tower, 26th Street Cor. 4th Avenue Bgc, Fort Bonifacio, City Of Taguig WANG, HAILONG Basic Qualification: Mandarin Customer Service Representative Bachelor degree in Information Technology , 165.

Brief Job Description: Mandarin Speaking Serves customers by providing product and service information and resolving product and engaged to provide Salary Range: significant support Php 30,000 - Php 59,999 SHUAI, FENG Basic Qualification: Mandarin Marketing Specialist Bachelor degree in Marketing Management, Mandarin 166.

Brief Job Description: Speaking Monitor the day-to-day marketing operations within the company, such as market data on a local, regional or Salary Range: national level, through the use of Mandarin native language Php 60,000 - Php 89,999 PIC ASIA-PACIFIC SDN. BHD (PHILIPPINE BRANCH OFFICE) 8/f L.v. Locsin Bldg., Ayala Cor. Makati Ave., San Lorenzo, City Of Makati Basic Qualification: JONES, IAN ROBERT Should have at least 15 years Facility Management Consultant in lead/managerial role in 167. power plant EPC Brief Job Description: Manages and directs all on-site activities to ensure that all Salary Range: site target accomplishments are met Php 150,000 - Php 499,999 POWERCHINA PHILIPPINES CORPORATION Unit 2101 21/f Bdo Equitable Tower, 8751 Paseo De Roxas, Bel-air, City Of Makati

BusinessMirror

A16 Tuesday, October 5, 2021

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION LI, TIANTENG Chinese Business Manager

168.

Brief Job Description: Lead the planning and implementation of project.

Facilitate the definition of project scope, goals and deliverables XIAO, ZHENGGUO Chinese Business Manager

169.

Brief Job Description: Design business strategies and plans to meet the company goals. Make sure that the company has sufficient resources such as personnel, material and equipment.

HU, YUEHENG Chinese Marketing Manager

170.

Brief Job Description: Chinese marketing manager develop the firms marketing strategy in details. With the help of the subordinates, including project managers and operations managers.

They estimated the demand for products and services.

XIE, HAINING Chinese Marketing Manager

171.

Brief Job Description: Chinese marketing manager develop the firms marketing strategy in details. With the help of the subordinates, including project managers and operations managers.

They estimated the demand for products and services.

LI, CHANGYI Mandarin Project Supervisor

172.

Brief Job Description: Must implement and manage project changes and interaction to achieve projects changes and interventions to achieve projects output WU, TENGTAO Mandarin Assistant Project Supervisor

173.

Brief Job Description: Inspecting construction site regularly to identify and eliminate potential safety hazards supervising and instructing the construction team as well as subcontractors XU, MENGYANG Mandarin Assistant Project Supervisor

174.

Brief Job Description: Inspecting construction site regularly to identify and eliminate potential safety hazards supervising and instructing the construction team as well as subcontractors

LI, JIETAO Mandarin Construction Supervisor 175.

Brief Job Description: Mandarin construction supervisors help develop contracts, liaise with subcontractors and vendors, and perform other administrative tasks.

YANG, CHANG Project Manager 176.

ESTABLISHMENT / ADDRESS

Brief Job Description: Plans all construction operations and schedule intermediate phases to ensure deadlines will be met.

QUALIFICATION AND SALARY RANGE Basic Qualification: Fluent in mandarin and English language both in written and verbal. With working knowledge in construction Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin and English language both in written and verbal. With working knowledge of the latest business policies and regulations.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be detailed oriented and able to provide input on strategy and marketing materials, exceptional fluency in Chinese/mandarin and basic English.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Must be detailed oriented and able to provide input on strategy and marketing materials, exceptional fluency in Chinese/mandarin and basic English.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin and English language both in written and verbal. Must be familiar in expert in site inspection, installation and repair, troubleshooting Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin and English language both written and verbal, must be familiar in expert scheduling planning and site supervisory reporting skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin and english language both written and verbal, must be familiar in expert scheduling planning and site supervisory reporting skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Excellent organizational and planning skills and ability to manage multiple projects, ability to meet tight deadlines and schedules.

Able to speak and write both mandarin and basic English.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Ability to multi-task and high degree of familiarity with contract and subcontract documents, terms, and conditions also with good negotiation skills, fluent in mandarin and basic English

Salary Range: Php 30,000 - Php 59,999 SHANGHAI ELECTRIC POWER CONSTRUCTION PHILIPPINE CORPORATION Unit 2703-d, 27/f West Tower, Psec Exchange Road, Ortigas Ctr., City Of Pasig Basic Qualification: ZHANG, YUYAO Fluent in mandarin and Project Manager english language both in written and verbal, must 177.

Brief Job Description: have college level, good in Lead the planning and implementation of project facilitate math and science the definition of project scope goals and deliverables develop full scale project plans manage project budget Salary Range: Php 30,000 - Php 59,999 SHANXI HYDRAULIC ENGINEERING CONSTRUCTION BUREAU CO., LTD. Suite 1401 Ermita Center Bldg., 1350 Roxas Blvd., 072, Bgy. 668, Ermita, City Of Manila FU, GUIYUAN Basic Qualification: Resident Agent Fluent in mandarin language and college graduate 178.

Brief Job Description: Regularly communicate the board of directors for any Salary Range: updates on corporate compliance and other related Php 30,000 - Php 59,999 concerns SKY DRAGON GLOBAL TECHNOLOGIES CORP. 2f-5f, Unit 710 Shaw Blvd., Global Link Center, Brgy. Wack Wack, City Of Mandaluyong Basic Qualification: PAN, YUN Fluent in mandarin, both oral Customer Service Representative and written 179.

Brief Job Description: Salary Range: Customer relations service provider Php 30,000 - Php 59,999

No.

HOANG CAM LIEN Project Consultant 185.

180.

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

Develop and implement quality control programs.

Basic Qualification: University Graduate.

Preferably with minimum of 15 years experience under the same capacity. At least with N2 level in Nihongo

Brief Job Description: Coordinate Project Management activities, resources equipment and information provide analytical support to management in executing assigned projects

NGUYEN THI LAN Project Consultant 186.

Brief Job Description: Coordinate Project Management activities, resources equipment and information provide analytical support to management in executing assigned projects

LE THI HA PHUONG Project Coordinator 187.

Brief Job Description: Coordinate Project Management activities, resources equipment and information provide analytical support to management in executing assigned projects

LIN, MEIHUA Project Coordinator 188.

Brief Job Description: Coordinate project management activities, resources equipment and information provide analytical support to manager in executing assigned projects

PHAM KIEU TRANG Project Coordinator 189.

Brief Job Description: Coordinate Project Management activities, resources equipment and information provide analytical support to management in executing assigned projects

181.

182.

183.

184.

Brief Job Description: Customer Service HU, JING Mandarin Customer Service Specialist Brief Job Description: Customer Service HUANG, XIN Mandarin Customer Service Specialist Brief Job Description: Customer Service ZHANG, XINGYANG Mandarin Customer Service Specialist Brief Job Description: Customer Service

ZENG, KAI Brand Marketing Consultant 194.

Brief Job Description: Brand Marketing Consultants help organizations forge an identity and promote it effectively.

SUN, YUNHAO Business Project Associate 195.

Brief Job Description: Business Project Associate ensures specific projects are implemented efficiently within the agreed terms.

HE, ZHUOPENG Digital Marketing Associate 196.

Brief Job Description: Digital Marketing Associates oversees the digital marketing campaigns and programs of an organization.

STONE ASIA AND SPECIALTY PRODUCTS, INC. 350, J.p. Rizal, Brgy. Namayan, City Of Mandaluyong

LIU, LU Executive Assistant 197.

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

Brief Job Description: Executive Assistant is commonly found answering phones, screening, visitors, making travel arrangements, etc.

ZHU, SIYUAN Finance Associate 198.

Brief Job Description: Finance Associate prepare and review financial information. Fluent in Mandarin Speaking,

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in English, Mandarin and Vietnamese both Language in written and verbal, must familiar in expert planning and administrative writing and reporting skills.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in English, Mandarin and Vietnamese both Language in written and verbal, must familiar in expert planning and administrative writing and reporting skills.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin and English language both in written and verbal must familiar in expert planning and administrative writing and reporting skills

CHEN, CHU Finance Consultant 199.

Brief Job Description: Financial Consultant provide advice to clients on taxes, retirement, planning, etc to help clients achieve their financial objectives

No.

Basic Qualification: Fluent in English, Mandarin and Vietnamese both Language in written and verbal, must familiar in expert planning and administrative writing and reporting skills.

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

Basic Qualification: Fluent in Mandarin Speaking, Preferably Graduate in China or at least graduate in prestigious school in the Philippines is an advantage, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin Speaking, Preferably Graduate in China or at least graduate in prestigious school in the Philippines is an advantage, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin Speaking, Preferably Graduate in China or at least graduate in prestigious school in the Philippines is an advantage, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin Speaking, Preferably Graduate in China or at least graduate in prestigious school in the Philippines is an advantage, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Preferably Graduate in China or at least graduate in prestigious school in the Philippines is an advantage, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin Speaking, Preferably Graduate in China or at least graduate in prestigious school in the Philippines is an advantage, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

MU, PENGTAO Integrated Project Management Department Head 200.

Brief Job Description: Integrated Project Manager are responsible for planning and overseeing projects to ensure they are completed.

LIU, JIAZHEN Management Associate 201.

Brief Job Description: Management Associate evaluates business operations to identify trends and opportunities for improvements

WANG, LINJIA Management Trainee 202.

Brief Job Description: Management Trainee work closely with senior personell, learning techniques, etc. to run a company smoothly.

WU, CHONG Sales Executive 203.

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

TOP ACCESS INFINITY INC. 27th Floor The Curve Building, 32nd Street Bgc, Fort Bonifacio, City Of Taguig

Basic Qualification: Fluent in Mandarin both oral and written

Basic Qualification: Fluent in Mandarin both oral and written

Basic Qualification: Fluent in English, Mandarin and Vietnamese both Language in written and verbal, must familiar in expert planning and administrative writing and reporting skills.

TENMAN PROJECT MANAGEMENT INC. Unit 805-808 The One Executive Office Bldg., #5 West Ave., Nayong Kanluran 1, Quezon City O’CONNELL, JULIAN Basic Qualification: Project Director University degree holder, must have handled 191.

Brief Job Description: international projects Overall responsibility for the successful implementation of construction managements projects up to its successful Salary Range: completion Php 150,000 - Php 499,999 WHITE, JESSICA LAUREN Basic Qualification: Project Director University degree holder, must have handled 192.

Brief Job Description: international projects Overall responsibility for the successful implementation of construction managements projects up to its successful Salary Range: completion Php 150,000 - Php 499,999 TIGER RESORT, LEISURE AND ENTERTAINMENT, INC. Okada Manila, New Seaside Drive, Entertainment City, Barangay Tambo, City Of Parañaque Basic Qualification: SEO, DAHEE Must have lived, studied and Executive Host, Premium Marketing Business worked in Korea for at least Development 10 years and is accustomed to its culture; must naturally 193.

Brief Job Description: speak and write Korean Responsibly maintain and enhance relationship with language premium players, monitor sales performance and handle guest’s claims and issues Salary Range: Php 30,000 - Php 59,999

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

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

QUALIFICATION AND SALARY RANGE

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

SPEED QUALITY TECH INC. 20/f Techzone Bldg., 213 Sen. Gil Puyat Ave., San Antonio, City Of Makati CHANG, CHING-I Mandarin Customer Service Specialist

ESTABLISHMENT / ADDRESS

SUPREME CHENGHAO MANAGEMENT OPC Level 26-a Rufino Pacific Tower, 6784 Ayala Ave., San Lorenzo, City Of Makati Basic Qualification: Bachelor’s degree in a computer-related field or CAI, QIULAN business; minimum of 3 Computer System Analyst years of working experience 190. as a computer system Brief Job Description: analyst; fluent in mandarin/ Analyze and evaluate present computer business systems, basic english procedures and processes

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

www.businessmirror.com.ph

Brief Job Description: Sales Executive drive a company’s product and/or service sales by actively seeking out the prospects and pursuing sales.

QUALIFICATION AND SALARY RANGE Basic Qualification: Fluent in Mandarin Speaking, Preferably Graduate in China or at least graduate in prestigious school in the Philippines is an advantage, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin Speaking, Preferably Graduate in China or at least graduate in prestigious school in the Philippines is an advantage, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin Speaking, Preferably Graduate in China or at least graduate in prestigious school in the Philippines is an advantage, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin Speaking, Preferably Graduate in China or at least graduate in prestigious school in the Philippines is an advantage, knowledgeable in Chinese corporation Salary Range: Php 30,000 - Php 59,999

TRIVES TECHNOLOGY CORPORATION Tower 4 Bayport West, Naia Garden Residence, Naia Road, Tambo, City Of Parañaque Basic Qualification: HOU, CHUNWEI Able to speak and write in Mandarin Customer Support Representative MANDARIN/FUKIEN and at least college level with 204.

Brief Job Description: related BPO experience.

Supports customers by providing helpful information, answering questions, and responding to complaints.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: WANG, BO Able to speak and write in Mandarin Customer Support Representative MANDARIN/FUKIEN and at least college level with 205.

Brief Job Description: related BPO experience.

Supports customers by providing helpful information, answering questions, and responding to complaints.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: XU, WANLI Able to speak and write in Mandarin Customer Support Representative MANDARIN/FUKIEN and at least college level with 206.

Brief Job Description: related BPO experience.

Supports customers by providing helpful information, answering questions, and responding to complaints.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: YANG, KE Able to speak and write in Mandarin Customer Support Representative MANDARIN/FUKIEN and at least college level with 207.

Brief Job Description: related BPO experience.

Supports customers by providing helpful information, answering questions, and responding to complaints.

Salary Range: Php 30,000 - Php 59,999 URBANDIDEAS INC. Unit 17-m Burgundy Corporate Tower, 252 Sen. Gil Puyat Ave., Pio Del Pilar, City Of Makati WANG, YUSHENG Basic Qualification: Mandarin Technical Support Can speak mandarin 208.

Brief Job Description: Salary Range: Monitoring and maintaining computer system and Php 30,000 - Php 59,999 network WARNER MUSIC PHILIPPINES INC. Unit 1 11th Floor Ore Central, Cor. 9th Ave., Bgc, Fort Bonifacio, City Of Taguig Basic Qualification: University graduate in mass SITI SARAH BINTE ISMAIL communications with Managing Director certificate in business music; 10 years international 209.

Brief Job Description: experience; speaks fluent Conduct and manage the affairs of warner music English and Malay Philippines Inc. And report its performance to the president of warner Asia Salary Range: Php 500,000 and above WNS GLOBAL SERVICES PHILIPPINES, INC. 9/f 1880 Bldg., Eastwood City Cyberpark, Bagumbayan, Quezon City Basic Qualification: TQM Qualifications via SWAMY, SANJAY registered training provider Senior Group Manager-quality will be beneficial certified six sigma belt ( Yellow to 210.

Brief Job Description: black ) is preferred 5+ years Delivers the required number of QA assessments per experience in quality campaign/ agent per month as agreed in the contract or the QA framework Salary Range: Php 150,000 - Php 499,999 ZEEHANS TECHNOLOGY INC. 9/f Bpi-philam Life Bldg., 6811 Ayala Ave., Bel-air, City Of Makati Basic Qualification: Multilingual (English+Thai/ SOONTAROT, ANGSUMALIN Japanese/Chinese/Bahasa), Customer Support Specialist with five years digital marketing experience, and 211.

Brief Job Description: solid SEO/SEM/Lifecycle Manage all affiliate programs through all phases, including marketing skills. brainstorming, launch, maintaining, trafficking, marketing, reporting, optimization, and analysis.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Multilingual (English+Thai/ TUANGTHANASET, NATTAPHAT Japanese/Chinese/Bahasa), Marketing Coordinator with five years digital marketing experience, and 212.

Brief Job Description: solid SEO/SEM/Lifecycle Manage all affiliate programs through all phases, including marketing skills. brainstorming, launch, maintaining, trafficking, marketing, reporting, optimization, and analysis.

Salary Range: Php 150,000 - Php 499,999 ZHONGTONG GUOMAI COMMUNICATION PHILIPPINES INC. U-18a Trafalgar Plaza, 105 H.v. Dela Costa St., Bel-air, City Of Makati ZHANG, CHENGLONG Chinese Marketing Specialist 213.

Brief Job Description: Ensuring ongoing communication with managers and other department leads. Leveraging analytics and competitive analysis to help create new campaigns

Basic Qualification: Must have strong time management skills and ability to meet deadlines Salary Range: Php 60,000 - Php 89,999 *Date Generated: Oct 4, 2021

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

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

ATTY. SARAH BUENA S. MIRASOL REGIONAL DIRECTOR

Companies BusinessMirror

Editor: Jennifer A. Ng

Tuesday, October 5, 2021

B1

‘Mobility curbs fuel demand for secondhand cars in PHL’

T

By VG Cabuag

@villygc

he market for secondhand cars in the country is expanding and is even outpacing the growth of brand-new vehicles, partly as a result of policies that limited the movement of people, particularly those using public transportation.

“Based on conservative estimates, the scale of the used car market is estimated at more than half a million units annually. This volume is far larger than the market for new vehicles and represents a very significant demand for our services,” said Vince Socco, chairman of GT Capital Auto Dealership Holdings Inc. (GTCAD),

a unit of publicly-listed GT Capital Holdings Inc. Last year, auto sales reached 248,171 units, based on figures from three major car associations.

“In the Philippines, acquiring pre-owned vehicles is usually on an ‘as is, where is’ basis, leaving buyers fending for themselves.

Our goal at PWSPI [Premium Warranty Services Philippines Inc.] is to help create a more transparent secondary car market that elevates Filipino car owners’ experience when buying and selling preowned cars,” Socco said.

Socco, who is also the chairman of PWSPI, said the company is partnering with a network of service shops across the country to ensure timely and convenient warranty repairs. It is also introducing a proprietary app that will provide customers with a practical platform for claims and other services.

Initially, PWSPI will work through select online auto portals, used car dealers and financial institutions.

It plans to eventually handle direct customer-to-customer transactions and expand its footprint throughout the Philippines.

PWSPI is a joint venture between GT Mobility Ventures Inc., a partner-

ship between GTCAD and Mitsui and Co. Japan, and Premium Group Co. Ltd., Japan’s number one automotive warranty provider.

GTCAD said the Premium Group saw how Filipino car buyers are seeking new solutions to their car purchasing and ownership experience, particularly in the used car segment.

Seeking to transform the purchasing and selling experience for pre-owned cars, PWSPI will work with a wide range of car brands. Its suite of services includes an extensive 188-point inspection on any used car, and also with a detailed report on the existing state of the inspected vehicle.

Premium Group is among the latest partners of GTCAD in its growing suite of ventures. The largest automotive warranty provider in Japan has more than 1 million total warranty contracts and 23,500 partner dealers.

Axelum expects better performance in H2

A

on average has been processing 21 percent more coconuts daily, to meet growing requirements for its products.

“To date, Axelum is producing at record output for its main product categories, translating to a busy manufacturing pipeline well into 2022,” the company said.

The company recently has been granted fresh tax benefits by the Board of Investments as a qualified entity under the Corporate Income Tax and Incentives Reform Act for organic/non-organic plant-based infused coconut drinks/juices and agglomerated coconut milk powder and other plant-based infused coconut milk powder products.

For the first half, its income grew more than half to P318.41 million from last year’s P202.93 million.

Revenues for the period rose 30 percent to P3.1 billion from last year’s P2.38 billion, primarily driven by robust volume growth across all core product segments.

In terms of volumes, desiccated coconut grew 24 percent, while sweetened coconut rose 34 percent, coconut milk powder at 11 percent and coconut water at 23 percent This year, the company said it has produced record monthly output for its desiccated coconut, coconut water and coconut milk powder segments. It is on track to exceed last year’s total volume. VG Cabuag

xelum Resources Corp., a manufacturer and exporter of coconut products, said it expects better performance in the second half as the holiday season is fast approaching.

“Despite for mid able headwinds, our business continues to generate momentum as we usher into our traditional peak season.

With renewed optimism, we are confident of delivering even better results in the last semester of 2021,” said Henry J. Raperoga, president and COO of Axelum.

Since last year, Axelum has faced escalating shipping fees, delayed container turnover, limited cargo space and internation-

al port congestion. Due to rising global demand, enabled by global widespread economic recovery, the company said it continues to service increasing orders from major customers in key export markets.

For the domestic market, the company is gaining traction in the e-commerce space following the launch of its digital stores via leading e-marketplaces Lazada and Shopee. Since April, online monthly sales have nearly-tripled, while continuing to garner mainstream popularity among local consumers.

For 2021, Axelum’s nut opening plant, the largest standalone facility of its kind in the country,

‘PSE not selling digital currency’

Eternal Chapels Cabuyao marks first anniversary

T

he Philippine Stock Exchange on Monday said it does not sell cryptocurrencies and warned the public against dealing with individuals selling blockchain digital currency products using the bourse’s name.

In an advisory, the PSE said it received reports that a certain individual who claims that she is a member of a new trading project team the exchange created to sell blockchain digital currency, and that the PSE has allegedly worked with several banks around the world for the product.

It offers a “stable income” of 20 percent to 30 percent per day, promising a monthly income of between $1,000 to $2,000.

After convincing the would-be victim, the individual will direct them to a link to register their own account, after which they will assign a “professional tutor” to show them the succeeding steps.

“The PSE reiterates that it does not sell cryptocurrencies and that its employees or agents do not promote, for purposes of investment any specific stock, investment instrument or cryptocurrency,” PSE President Ramon S. Monzon said.

“The PSE reminds the investing public to exercise prudence and due diligence in dealing with social media accounts that purportedly offer investments and represent themselves as employees or agents of the exchange.” VG Cabuag

O

ne year after it opened, Eternal Chapels Mortuary and Chapel Services Cabuyao continues to help Cabuyeños give the perfect sendoff for their departed loved ones with its premium offerings and convenient amenities.

Located inside Eternal Gardens in Barangay Mamatid, Cabuyao City, Eternal Chapels features two premier chapels and three deluxe chapels, each with its own family room with pantry, clean toilet and bath, and free Wi-Fi connection. The viewing chapels can also be combined to

form a bigger venue for holding more people in a single wake.

In addition to its elegant viewing chapels and homey family rooms, Eternal Chapels Cabuyao is also equipped with state-of-the-art mortuary facilities. And to ensure excellent service, the company employs only licensed professional embalmers who are highly-skilled and have knowledge in the latest and best embalming techniques.

Another convenient and practical feature of Eternal Chapels Cabuyao is unlimited parking space, which sets it apart from other standalone

memorial chapels that usually lack enough parking space. And since it is located inside the memorial park, clients of Eternal Gardens have the advantage of a hassle-free funeral procession on the day of the interment, as it eliminates the need to pass through busy thoroughfares and narrow side streets.

To know more about Eternal Chapels Cabuyao, you may send them a message through their Official Facebook Page at www.facebook.com/ eternalgardens.cabuyaobranch, or call them at mobile numbers 0933-2706742 or 0917-704-9674.

Globe fast-tracks 5G initiatives to boost PHL competitiveness

G

lobe Telecom Inc. said on Monday it is accelerating its 5G initiatives to increase adoption rates in the Philippines, as it aims to help the country become more competitive in the region.

Globe Chief Commercial Officer Issa Guevarra-Cabreira said 5G will enable to the Philippines to become more competitive in Asia Pacific given its potential in powering up various industries through digital transformation, aside from providing consumers faster Internet speeds.

“We are beginning to see the full potential of 5G technology and its impact in our everyday lives. More of our customers are seeing the benefits of 5G and are upgrading their SIM cards and handsets. We need to accelerate 5G adoption and use in the country so we can catch up and compete with our regional peers,” she said.

Cabreira cited a YouGov report titled International Telco Report 2021: Consumer Adoption of 5G which indicated that Asia-Pacific countries lead the way in 5G adop-

tion and use. The report covered 18,803 respondents in 17 countries in North America, Europe and Asia.

Globally, 61 countries—the Philippines included, now have access to commercial 5G. “5G connectivity is the great equalizer since it will make businesses, big and small, more efficient. It also allows Filipinos to access information, do transactions, learn and enrich their digital lifestyle at lightning speeds.

With 5G, technology applications that were once in the realm of make believe—are now a reality,” Cabreira said.

5G enables frontier technologies, such as Virtual Reality, Augmented Reality, Edge Computing and Artificial Intelligence, Industrial IoT, immersive learning, among many others.

5G is also expected to positively impact many sectors including manufacturing, transportation, logistics, healthcare, agriculture, and education.

Globe, Cabreira said, aims to enable these innovations as it expands its 5G network. Lorenz S. Marasigan

B2

Companies BusinessMirror

Tuesday, October 5, 2021

ACEN’s $155-M wind farm in Vietnam starts operations

T

By Lenie Lectura

@llectura

he 88-megawatt (MW) wind farm project of AC Energy Corp.

(ACEN) and the BIM Group in Vietnam started commercial operations on Monday.

The $155-million wind farm in South Central Vietnam is expected to produce 327 GWH per year, enough to power around 50,000 homes per year with renewable energy that can help avoid 298,551 tons of CO2 annually.

The 88MW Ninh Thuan wind farm project brings ACEN’s renewable energy capacity in the country to about 1,000 MW in operation and

under construction, making Vietnam the company’s second largest market to date after the Philippines.

“We are very excited to bring this new project into commercial operations ahead of the Feed-InTariff deadline, notwithstanding the many challenges brought about by the COVID-19 pandemic,” said Patrice Clausse, COO of AC Energy International.

This is the second joint project of ACEN and the BIM Group following the 405 MW Ninh Thuan solar farm, one of the largest solar farms in Southeast Asia. Inaugurated in 2019, the solar farm reached a significant milestone with one billion kilowatt hour (kWh) output.

Ninh Thuan Solar and Ninh Thuan Wind are expected to generate around 900 million kWh of renewable energy per year, establishing the joint venture’s strong support of Vietnam’s energy transition.

“ACEN is at the forefront of energy transition and has identified Vietnam as one of its priority markets.

The company currently has 2,100 MW of renewables capacity, and is on track to attain its goal of 5,000 MW of renewables capacity by 2025, and become the largest renewables platform in Southeast Asia,” said Eric Francia, ACEN President.

Huy Quoc Doan, Deputy Chairman, CEO of BIM Group, lauded the partnership with ACEN. “The 88 MW Ninh Thuan wind farm has proven our experience, determination and execution capability during the uncertainty of the pandemic. This is yet another successful partnership, following the cluster of 405 MW Ninh Thuan Solar Farm projects, which transformed the region into Vietnam’s largest salt and renewable energy economic zone, while contributing to the country’s sustainable economic development, environmental protection and clean energy production for the future.”

ACEN has 2,600 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India and Australia.

It aims to become the largest listed renewables platform in Southeast Asia, with a goal of reaching 5,000 MW of renewables capacity by 2025.

‘Petromobil has no certificate of compliance’

T

HE Department of Energy (DOE) said Monday that Petromobil Corp., which was allegedly involved in fuel smuggling, has no certificate of compliance (COC).

“We certified to the SEC [Securities and Exchange Commission] that it has no COC with us,” said DOE Director for Oil Industry Management Bureau Rino Abad in a Viber message.

Under DOE circular 2017-110011, oil firms operating without a COC constitutes illegal trading. A penalty of P10,000 is imposed on the violator. The DOE may also recommend to the local government unit (LGU) the revocation of Petromobil’s business permit.

Abad said the DOE will immediately inspect the service stations of Petromobil following the field testing operation conducted by the Bureau of Customs (BOC) and the Bureau of Internal Revenue last September 3.

The BOC seized 6,357 liters of unmarked diesel at Petromobil’s service station in Arayat, Pampanga. The follow-up field testing operations resulted in BOC ordering the closure of another Petromobil retail station in Angeles City in Pampanga, while

other stations of the oil company in Rizal and Bulacan were also found with deficient fuel marker levels of 20 percent and below.

Abad said he is already coordinating with the BOC, which is in on top of oil smuggling activities.

“We will also inspect and the results of which will be the basis of our recommendation to the LGU to cancel the business permit and to close the stations. We need information from the BOC since there are no Petromobil gasoline stations registered with us. That is why we are coordinating with BOC so that it can give us details for us to proceed with our inspection,” said Abad.

Oil companies have made it a priority to comply with the government’s fuel marking program, which aims to plug revenue leakages from oil smuggling by placing a molecular marker on imported, manufactured and refined fuel products.

According to estimates by the Department of Finance and the Asian Development Bank, the loss of national revenue due to oil smuggling and misdeclaration can reach as high as P40 billion. The government’s fuel marking program establishes a system for identifying fuel that has paid

the correct import and excise duties.

The oil firms are optimistic that the fuel marking program will significantly address fuel smuggling, which has been a con-

stant deterrent to the continued growth of economy. Consumers also stand to gain as all fuel products in the market will be legitimately sourced. Lenie Lectura

mutual funds

October 4, 2021 NAV

One Year Three Year Five Year

per share

Return*

Y-T-D Return

Stock Funds ALFM Growth Fund, Inc. -a

221.26

13.12%

-3.34%

-3.72%

-2.61%

ATRAM Alpha Opportunity Fund, Inc. -a

1.5933

47.71%

5.09%

2.57%

21.35%

ATRAM Philippine Equity Opportunity Fund, Inc. -a 3.047

15.76%

-7.19%

-6.63%

-2.74%

-5.46% n.a.

-8.75%

Climbs Share Capital Equity Investment Fund Corp. -a 0.7417 10.59% First Metro Consumer Fund on MSCI Phils. IMI, Inc. -a 0.7758 14.07%

-1.25% n.a.

4.61%

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

19.71%

-0.37%

-1.42%

1.66%

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

0.7433

13.55%

-2.88%

-5.43%

MBG Equity Investment Fund, Inc. -a

14.71%

-5.95% n.a.

-5.38%

5.0234

96.39

PAMI Equity Index Fund, Inc. -a

45.5284

16.16%

-1.56%

-2.33%

-2.8%

Philam Strategic Growth Fund, Inc. -a

475.67

12.96%

-1.36%

-2.8%

-2.71% -0.45%

1.0924

23.94% n.a. n.a.

Philequity Dividend Yield Fund, Inc. -a

Philequity Alpha One Fund, Inc. -a,d

1.2448

24.63%

0.57%

-0.75%

6.56%

Philequity Fund, Inc. -a

34.7994

18.74%

-0.79%

-1.23%

0.09% -3.04%

Philequity MSCI Philippine Index Fund, Inc. -a

0.8852

14.63% n.a. n.a.

Philequity PSE Index Fund Inc. -a

4.6764

16.84%

-0.85%

-1.69%

-2.4%

Philippine Stock Index Fund Corp. -a

782.47

16.94%

-0.77%

-1.71%

-2.39%

Soldivo Strategic Growth Fund, Inc. -a

0.7068

16.48%

-5.03%

-4.87%

-1.68%

Sun Life Prosperity Philippine Equity Fund, Inc. -a 3.6267

17.67%

-2.81%

-2.75%

0.08%

Sun Life Prosperity Philippine Stock Index Fund, Inc. -a 0.893 16.5%

-1.12%

-1.88%

-2.69%

United Fund, Inc. -a

-1.17%

-1.05%

-1.51%

-0.62%

-1.23%

3.2686

16.67%

-4.26%

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

105.0979

16.95%

-2.28%

Primarily invested in foreign currency securities 9.29%

4.59%

4.69%

-4.71%

Sun Life Prosperity World Voyager Fund, Inc. -a $1.7689

ATRAM AsiaPlus Equity Fund, Inc. -b $1.1463

17.52%

10.81%

11.1%

5.74%

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

1.6692

7.99%

0.92%

-1.51%

0.04%

ATRAM Philippine Balanced Fund, Inc. -a

2.2092

8.4%

0.57%

-1.36%

-3.33%

First Metro Save and Learn Balanced Fund Inc. -a 2.6413

10.62%

2.12%

0.19%

0.55%

First Metro Save and Learn F.O.C.C.U.S. Dynamic Fund, Inc. -a 0.1973 NCM Mutual Fund of the Phils., Inc. -a

14.64% n.a. n.a.

1.963

7.25%

2.79%

0.61%

-0.21%

PAMI Horizon Fund, Inc. -a

3.6684

6.43%

Philam Fund, Inc. -a

16.4309

6.65%

2.26%

-0.73%

-3.21%

2.15%

-0.69%

Solidaritas Fund, Inc. -a

2.0562

-3.01%

7.92%

0.51%

-0.64%

-1.67%

Sun Life of Canada Prosperity Balanced Fund, Inc. -a 3.5715 10.17%

-0.16%

-1.25%

-0.05%

Sun Life Prosperity Achiever Fund 2028, Inc. -a,d 0.9829

5.51% n.a. n.a.

-3.88%

Sun Life Prosperity Achiever Fund 2038, Inc. -a,d 0.9038

9.47% n.a. n.a.

-4.78%

11.3% n.a. n.a.

-4.35%

Sun Life Prosperity Achiever Fund 2048, Inc. -a,d 0.8925 Sun Life Prosperity Dynamic Fund, Inc. -a

0.9085

14.42%

-0.19%

-1.45%

-0.4%

2.34%

Primarily invested in foreign currency securities Cocolife Dollar Fund Builder, Inc. -a $0.03785

-2.82%

2.66%

1.01%

-3.2%

PAMI Asia Balanced Fund, Inc. -b

3.28%

3.15%

2.6%

-5.56%

13.22%

8.28%

7.74%

3.51%

Sun Life Prosperity Dollar Wellspring Fund, Inc. -a $1.2031 5.79%

4.72%

4.03%

0.07%

0.52%

$1.0672

Sun Life Prosperity Dollar Advantage Fund, Inc. -a $4.671

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

373.06

1.28%

2.99%

2.39%

ATRAM Corporate Bond Fund, Inc. -a

1.9278

-1.2%

1.27%

0.17%

1.45%

Cocolife Fixed Income Fund, Inc. -a

3.2419

1.25%

3.34%

4.16%

0.82%

Ekklesia Mutual Fund Inc. -a

2.2523

-1.77%

2.04%

1.21%

-2%

First Metro Save and Learn Fixed Income Fund,Inc. -a 2.4308 -0.83%

3.16%

1.71%

-0.91%

Philam Bond Fund, Inc. -a

4.4464

-3.96%

5.17%

1.19%

-3.97%

Philam Managed Income Fund, Inc. -a

1.3169

0.37%

3.95%

2.62%

-0.33% -0.66%

Philequity Peso Bond Fund, Inc. -a

3.9747

0.54%

4.67%

2.12%

Soldivo Bond Fund, Inc. -a

1.0305

-0.71%

5.38%

1.58%

-1.25%

Sun Life of Canada Prosperity Bond Fund, Inc. -a 3.1976

0.43%

5.02%

2.55%

-0.27%

Sun Life Prosperity GS Fund, Inc. -a

-0.4%

4.32%

1.84%

-0.91%

1.7391

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

$487.89

1.98%

3.07%

2.07%

0.8%

ALFM Euro Bond Fund, Inc. -a

Є220.21

1.46%

1.07%

0.75%

0.45%

ATRAM Total Return Dollar Bond Fund, Inc. -b

$1.1933

-3.49%

2.1%

1.15%

-6.76%

First Metro Save and Learn Dollar Bond Fund, Inc. -a $0.026 -1.52%

1.59%

0.71%

-2.26%

PAMI Global Bond Fund, Inc -b

$1.0298

-5.23%

-0.01%

-1.44%

-5.52%

Philam Dollar Bond Fund, Inc. -a

$2.4877

-0.13%

4.69%

1.69%

-2.06%

Philequity Dollar Income Fund Inc. -a $0.0628318 2.38%

3.38%

2.04%

0.85%

Sun Life Prosperity Dollar Abundance Fund, Inc. -a $3.1404 -1.26%

2.77%

0.47%

-2.58%

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

2.55%

0.74%

First Metro Save and Learn Money Market Fund, Inc. -a 1.0555 0.98% n.a. n.a.

130.78

0.71%

Sun Life Prosperity Peso Starter Fund, Inc. -a,1 1.3107

1.25% 1.54%

2.96% 2.73%

2.55%

1.06%

Primarily invested in foreign currency securities Sun Life Prosperity Dollar Starter Fund, Inc. -a $1.0588

0.9%

1.56% n.a.

0.49%

Feeder Funds Primarily invested in Peso securities Sun Life Prosperity World Equity Index Feeder Fund, Inc. -a,d 1.315

30.04% n.a. n.a.

16.41%

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

$0.97

3.19% n.a. n.a.

www.businessmirror.com.ph

PSE STOCK QUOTATIONS

October 4, 2021

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

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

44.5 112.5 81 23.95 9.02 44.8 9.33 17.32 20.95 55.65 18.36 106.5 84.95 0.89 4.28 3.21 1.1 0.32 0.64 221 0.83

44.75 113 81.1 24 9.04 44.9 9.98 18 21 56.4 18.7 107 85 0.97 4.32 3.28 1.18 0.335 0.66 228.8 0.89

44.5 112.5 81.05 24 8.96 44.05 9.99 18 20.4 55.55 18.4 107 84.8 0.88 4.29 3.21 1.11 0.32 0.65 229 0.9

44.5 113.1 81.15 24 9.04 44.95 9.99 18 21.25 55.55 18.4 108 85.15 0.95 4.32 3.22 1.11 0.32 0.65 229 0.9

44.5 112.1 80.4 23.9 8.96 44.05 9.33 18 20.35 55.55 18.22 106.2 84.8 0.88 4.27 3.21 1.1 0.32 0.64 220 0.89

44.5 113 81 24 9.02 44.9 9.33 18 21 55.55 18.36 106.5 85 0.95 4.32 3.21 1.1 0.32 0.64 228.8 0.89

2,900 1,169,410 1,456,050 36,100 136,900 2,026,000 7,300 100 539,100 30 6,000 292,800 12,700 636,000 127,000 40,000 63,000 40,000 61,000 1,510 13,000

129,050 131,994,102 117,665,065.50 864,495 1,234,455 90,601,450 68,275 1,800 11,306,030 1,666.50 110,066 31,190,414 1,079,452 570,150 543,000 128,420 69,410 12,800 39,340 332,656 11,680

57,850 -8,530,999 -59,324,321 -287,400 -23,444 16,733,145 1,528,065.00 9,150 -20,423,134 -413,167 47,040 -1,780

INDUSTRIAL AC ENERGY 11.92 12 11.76 12.1 11.68 11.92 34,581,200 413,832,366 ALSONS CONS 1.15 1.17 1.16 1.17 1.15 1.17 192,000 222,640 30.55 30.65 31.65 31.65 30.55 30.55 4,907,100 151,353,690 ABOITIZ POWER 0.52 0.53 0.53 0.54 0.52 0.53 4,692,000 2,486,250 BASIC ENERGY FIRST GEN 32.35 32.4 33 33.5 32.4 32.4 822,000 26,794,415 FIRST PHIL HLDG 74.5 74.55 74.4 74.8 74.35 74.55 20,160 1,502,052.50 292 293.2 297 297 292 292 112,380 32,976,468 MERALCO 19.8 19.9 18.5 19.9 18.5 19.8 5,241,600 102,099,272 MANILA WATER PETRON 3.13 3.14 3.13 3.14 3.1 3.14 1,655,000 5,182,470 PHX PETROLEUM 11.8 11.94 11.64 11.94 11.62 11.94 128,500 1,522,728 19.4 19.42 19.12 19.4 19.12 19.4 191,500 3,696,466 PILIPINAS SHELL 14.66 14.7 14.7 14.78 14.6 14.7 252,600 3,706,700 SPC POWER VIVANT 15.02 16.54 16.54 16.54 16.54 16.54 100 1,654 4.95 5.04 5.03 5.07 4.95 4.95 19,300 95,896 AGRINURTURE AXELUM 2.8 2.81 2.76 2.8 2.75 2.8 590,000 1,642,890 CNTRL AZUCARERA 13.84 14.3 14.28 14.28 13.84 13.84 3,600 50,264 CENTURY FOOD 27.05 27.1 27.7 27.7 26.85 27.05 734,300 19,851,735 14.64 14.7 14.64 14.78 14.62 14.64 121,200 1,775,702 DEL MONTE 7.57 7.58 7.8 7.8 7.53 7.57 1,764,300 13,388,518 DNL INDUS EMPERADOR 18.08 18.16 18.3 18.3 17.82 18.08 2,950,200 53,373,106 SMC FOODANDBEV 75.15 75.25 76 76.45 75.05 75.25 91,200 6,868,211 0.63 0.65 0.65 0.65 0.63 0.63 36,000 23,160 ALLIANCE SELECT FRUITAS HLDG 1.35 1.37 1.32 1.37 1.29 1.37 23,787,000 31,680,810 GINEBRA 113 113.5 116 116.5 112.6 113 22,030 2,519,042 JOLLIBEE 198.4 199.6 202 202 198.4 198.4 300,620 59,977,921 27.85 29.85 29.95 29.95 27.85 27.85 2,300 65,960 LIBERTY FLOUR MAXS GROUP 6.25 6.43 6.35 6.43 6.2 6.43 40,800 258,899 MG HLDG 0.187 0.194 0.194 0.194 0.194 0.194 10,000 1,940 19.06 19.08 19 19.14 18.76 19.06 14,026,600 265,693,942 MONDE NISSIN 7.8 7.99 7.65 7.99 7.65 7.99 57,100 445,892 SHAKEYS PIZZA ROXAS AND CO 0.73 0.74 0.74 0.75 0.73 0.74 1,753,000 1,286,350 RFM CORP 4.54 4.64 4.6 4.6 4.6 4.6 4,000 18,400 0.111 0.114 0.112 0.114 0.112 0.114 1,820,000 204,500 SWIFT FOODS UNIV ROBINA 136 136.5 136.2 137 133.1 136.5 447,420 60,963,685 VITARICH 0.77 0.78 0.79 0.79 0.77 0.78 312,000 242,700 CEMEX HLDG 1.31 1.32 1.27 1.31 1.27 1.31 4,430,000 5,741,210 15.22 15.26 14.8 15.4 14.7 15.26 678,300 10,333,964 EAGLE CEMENT EEI CORP 6.7 6.75 7 7.04 6.75 6.75 1,578,900 10,774,988 HOLCIM 6.34 6.35 6.18 6.37 6.18 6.34 339,400 2,144,891 6.29 6.3 6.21 6.35 6.21 6.29 595,000 3,752,050 MEGAWIDE 14.34 14.5 14.32 14.5 14.32 14.5 12,300 178,224 PHINMA TKC METALS 0.89 0.93 0.9 0.9 0.89 0.89 236,000 210,380 VULCAN INDL 1.18 1.19 1.19 1.2 1.16 1.19 1,418,000 1,674,680 1.68 1.69 1.68 1.7 1.68 1.68 210,000 353,300 CROWN ASIA 1.66 1.68 1.69 1.69 1.62 1.68 745,000 1,229,260 EUROMED PRYCE CORP 5.4 5.45 5.4 5.45 5.4 5.45 49,100 265,150 GREENERGY 2.24 2.25 2.26 2.28 2.2 2.25 1,140,000 2,550,270 7.5 7.53 7.51 7.59 7.3 7.5 737,000 5,494,007 INTEGRATED MICR 0.86 0.88 0.86 0.87 0.86 0.87 260,000 224,150 IONICS PANASONIC 5.88 5.97 5.96 5.98 5.88 5.98 5,300 31,607 SFA SEMICON 1.13 1.14 1.14 1.14 1.13 1.14 267,000 303,070 4.26 4.27 4.35 4.35 4.24 4.26 1,403,000 5,976,220 CIRTEK HLDG

-26,075,130 -138,040.00 -5,904,720 -28,620 958,525 -513,985.00 -13,030,128 -3,522,736 209,710 -1,668,878 -204,330 -8,745,835 284,254 -8,088,439 6,914,890 -1,375,870.50 -130,520 117,323 -7,878,254 -35,334,150 352,560 -747,710 22,355,448.00 -8,580 37,800 -9,157,024 -1,770,560 287,115 -133,760 2,360 25,200 8,300 -167,240 -243,042 35,030.00 12,750

HOLDING & FRIMS

ABACORE CAPITAL ASIABEST GROUP AYALA CORP ABOITIZ EQUITY ALLIANCE GLOBAL AYALA LAND LOG ANSCOR ANGLO PHIL HLDG ATN HLDG A COSCO CAPITAL DMCI HLDG FILINVEST DEV GT CAPITAL JG SUMMIT LODESTAR LOPEZ HLDG LT GROUP MABUHAY HLDG MJC INVESTMENTS METRO PAC INV PACIFICA HLDG PRIME MEDIA SOLID GROUP SM INVESTMENTS SAN MIGUEL CORP SOC RESOURCES TOP FRONTIER WELLEX INDUS ZEUS HLDG

1.15 5.5 824.5 49 10.34 5.74 6.93 0.93 0.51 4.99 7.7 7.62 523 62.5 0.67 3.16 9.99 0.435 1.28 3.71 3.23 1.62 1.15 982 114.5 0.67 130 0.26 0.183

1.16 5.55 828 49.95 10.38 5.75 7.1 0.94 0.52 5 7.75 7.75 525 63.5 0.69 3.26 10 0.455 1.38 3.72 3.28 1.67 1.2 990 114.9 0.71 134 0.275 0.19

1.17 5.4 817 49 10.32 5.4 6.95 0.93 0.52 5.02 7.35 7.61 520 63 0.69 3.11 9.92 0.44 1.31 3.64 3.23 1.85 1.16 975 114.5 0.7 131 0.255 0.183

1.17 5.55 828 51 10.42 5.78 6.97 0.93 0.52 5.02 7.79 7.75 527 63.5 0.7 3.24 10.14 0.44 1.31 3.75 3.25 1.86 1.16 990 114.9 0.7 131 0.26 0.183

1.13 5.4 815 48.8 10.24 5.38 6.93 0.92 0.51 4.98 7.35 7.61 519.5 62 0.67 3.11 9.92 0.43 1.31 3.64 3.1 1.61 1.15 972.5 113.6 0.67 130 0.255 0.183

1.16 5.55 828 49 10.38 5.75 6.93 0.93 0.52 5 7.7 7.75 525 63.5 0.69 3.24 10 0.43 1.31 3.72 3.25 1.67 1.15 990 114.9 0.67 130 0.26 0.183

37,667,000 123,000 249,220 2,017,400 2,085,400 5,386,800 43,500 791,000 299,000 808,700 36,582,400 22,100 104,100 1,253,240 331,000 83,000 3,757,900 50,000 16,000 7,387,000 86,000 903,000 101,000 94,930 72,290 13,000 700 140,000 500,000

43,398,900 676,550 205,496,620 100,308,410 21,618,978 30,383,814 301,921 729,100 153,430 4,037,288 276,393,654 171,005 54,571,210 78,822,678 222,400 265,830 37,748,524 21,800 20,960 27,434,280 277,520 1,536,420 117,150 93,552,570 8,281,079 9,070 91,050 35,900 91,500

PROPERTY ARTHALAND CORP 0.63 0.64 0.63 0.64 0.63 0.63 34,000 21,510 AYALA LAND 32.7 32.75 32.75 33.15 32.7 32.75 4,438,800 145,628,910 1.03 1.1 1.05 1.08 1.04 1.04 29,000 30,300 ARANETA PROP AREIT RT 39.85 39.95 39.2 40 39.2 39.85 699,400 27,896,730 BELLE CORP 1.34 1.35 1.36 1.36 1.32 1.34 109,000 146,790 A BROWN 0.89 0.9 0.92 0.94 0.9 0.9 490,000 451,580 0.76 0.77 0.78 0.78 0.76 0.76 619,000 479,160 CITYLAND DEVT 0.117 0.118 0.119 0.121 0.118 0.118 5,900,000 696,240 CROWN EQUITIES CEBU HLDG 6.11 6.2 6.2 6.2 6.11 6.2 3,000 18,474 CEB LANDMASTERS 2.95 2.96 2.98 2.98 2.9 2.96 941,000 2,765,270 0.435 0.44 0.445 0.445 0.435 0.44 2,880,000 1,267,800 CENTURY PROP 10.4 10.48 10.48 10.48 10.28 10.48 452,500 4,693,042 DOUBLEDRAGON DDMP RT 1.9 1.91 1.81 1.91 1.8 1.9 20,921,000 38,940,350 6.98 7 6.9 7 6.9 7 49,100 343,235 DM WENCESLAO 0.37 0.375 0.36 0.375 0.36 0.37 11,380,000 4,206,500 EVER GOTESCO FILINVEST RT 7.44 7.46 7.42 7.49 7.39 7.46 5,760,800 42,874,551 FILINVEST LAND 1.09 1.1 1.09 1.11 1.09 1.1 6,105,000 6,720,460 0.95 0.96 0.98 0.98 0.94 0.96 983,000 939,390 GLOBAL ESTATE 8990 HLDG 10.7 10.76 9.92 10.84 9.56 10.76 20,987,000 204,415,884 PHIL INFRADEV 1.19 1.2 1.18 1.19 1.15 1.19 408,000 484,360 KEPPEL PROP 3.15 3.76 3.15 3.15 3.15 3.15 7,000 22,050 1.03 1.04 1.07 1.07 1.02 1.04 173,000 179,800 CITY AND LAND MEGAWORLD 2.92 2.93 2.9 2.94 2.86 2.92 9,528,000 27,758,280 MRC ALLIED 0.285 0.29 0.29 0.29 0.285 0.285 3,630,000 1,036,350 MREIT RT 17.38 17.4 16.94 17.54 16.82 17.4 13,305,500 230,319,004 0.485 0.495 0.485 0.495 0.485 0.485 1,330,000 645,250 PHIL ESTATES PRIMEX CORP 1.73 1.75 1.71 1.73 1.71 1.73 157,000 270,170 RL COMM RT 6.98 7 7.05 7.14 6.97 6.98 9,912,300 69,702,089 16.02 16.1 16.2 16.2 15.98 16.02 1,762,300 28,242,544 ROBINSONS LAND 0.242 0.248 0.242 0.244 0.242 0.242 280,000 67,860 PHIL REALTY ROCKWELL 1.53 1.55 1.54 1.55 1.5 1.55 94,000 144,540 SHANG PROP 2.6 2.63 2.63 2.63 2.63 2.63 73,000 191,990 2.81 2.88 2.9 2.9 2.88 2.9 57,000 165,240 STA LUCIA LAND SM PRIME HLDG 32.75 32.8 32.6 33 32.55 32.8 3,133,100 102,531,015 VISTAMALLS 3.66 3.75 3.65 3.76 3.65 3.75 15,000 55,980 SUNTRUST HOME 1.51 1.55 1.5 1.55 1.5 1.55 113,000 173,040 3.51 3.53 3.55 3.55 3.5 3.51 796,000 2,798,440 VISTA LAND

SERVICES ABS CBN 14.7 14.74 14.5 15 14.5 14.7 1,721,300 25,385,734 GMA NETWORK 16.06 16.14 16.02 16.66 16.02 16.06 4,841,800 79,031,780 8.52 10.5 8.51 8.51 8.51 8.51 500 4,255 MLA BRDCASTING GLOBE TELECOM 3,000 3,016 3,050 3,050 2,992 3,000 53,365 160,421,710 PLDT 1,691 1,692 1,640 1,698 1,638 1,692 132,680 223,664,150 APOLLO GLOBAL 0.107 0.108 0.109 0.114 0.106 0.107 279,300,000 30,428,450 39.95 40 40 40.65 39.4 40 11,384,100 454,866,995 CONVERGE 3.5 3.54 3.59 3.59 3.47 3.54 241,000 841,400 DFNN INC DITO CME HLDG 7.3 7.31 7.37 7.55 7.28 7.3 6,842,900 50,295,458 IMPERIAL 1.43 1.48 1.42 1.43 1.42 1.43 40,000 56,910 2 2.1 2 2 2 2 10,000 20,000 JACKSTONES NOW CORP 1.83 1.84 1.82 1.84 1.81 1.83 457,000 833,230 TRANSPACIFIC BR 0.345 0.35 0.345 0.35 0.34 0.345 1,810,000 620,150 2.21 2.24 2.24 2.24 2.2 2.24 243,000 537,940 PHILWEB 2GO GROUP 8.05 8.07 8.02 8.07 8.02 8.07 27,300 219,021 ASIAN TERMINALS 13.7 13.9 14 14 13.5 13.9 52,700 731,300 CHELSEA 2.14 2.18 2.21 2.24 2.11 2.18 397,000 861,690 39.95 40 40 40.25 39.65 40 296,000 11,830,845 CEBU AIR 195.4 195.5 198 198.7 194.1 195.4 919,170 179,824,471 INTL CONTAINER LBC EXPRESS 16.06 16.78 17 17 16.02 17 1,000 16,902 MACROASIA 4.54 4.55 4.36 4.58 4.36 4.54 1,675,000 7,471,400 1.44 1.5 1.43 1.5 1.43 1.5 15,000 22,290 METROALLIANCE A METROALLIANCE B 1.62 1.74 1.65 1.65 1.65 1.65 2,000 3,300 HARBOR STAR 1.05 1.06 1.05 1.07 1.03 1.06 338,000 352,870 ACESITE HOTEL 1.47 1.52 1.51 1.52 1.47 1.52 114,000 169,500 0.078 0.079 0.077 0.082 0.077 0.079 39,930,000 3,159,640 BOULEVARD HLDG DISCOVERY WORLD 2.1 2.2 2.13 2.2 2.1 2.2 520,000 1,095,800 WATERFRONT 0.51 0.52 0.51 0.52 0.51 0.51 1,046,000 533,480 6.63 6.99 6.69 6.69 6.69 6.69 1,800 12,042 CENTRO ESCOLAR FAR EASTERN U 538 555 555 555 555 555 20 11,100 IPEOPLE 6.84 6.99 6.82 6.82 6.82 6.82 113,000 770,660 STI HLDG 0.36 0.365 0.36 0.365 0.36 0.365 1,830,000 659,850 5.8 5.82 5.45 5.8 5.45 5.8 218,300 1,247,949 BERJAYA BLOOMBERRY 5.83 5.88 5.95 6.05 5.83 5.83 4,560,100 27,012,559 PACIFIC ONLINE 1.93 2 1.95 2 1.94 2 37,000 72,400 LEISURE AND RES 1.69 1.73 1.76 1.76 1.68 1.74 77,000 130,800 1.15 1.16 1.2 1.21 1.13 1.16 4,563,000 5,239,040 PH RESORTS GRP 0.41 0.415 0.42 0.425 0.41 0.415 3,380,000 1,396,150 PREMIUM LEISURE ALLHOME 9.37 9.38 9.69 9.69 9.33 9.37 1,326,400 12,543,883 1.3 1.31 1.3 1.32 1.29 1.32 467,000 607,050 METRO RETAIL 43.7 44 44.5 44.5 43.6 43.7 550,400 24,142,865 PUREGOLD ROBINSONS RTL 55.25 55.3 52.6 56 52.5 55.25 3,938,580 214,667,458 PHIL SEVEN CORP 85.2 88.4 87 88.6 87 88.35 1,510 132,761 1.14 1.15 1.12 1.16 1.11 1.15 3,357,000 3,794,690 SSI GROUP 29 29.05 28.15 29.05 27.55 29 2,099,500 59,957,165 WILCON DEPOT APC GROUP 0.245 0.25 0.27 0.27 0.25 0.25 5,290,000 1,351,050 EASYCALL 5.01 5.25 5.23 5.25 5.01 5.01 10,800 55,468 525 533.5 520.5 533.5 520.5 533.5 820 434,790 GOLDEN MV 7.02 7.06 7.03 7.08 7.03 7.06 22,500 158,280 IPM HLDG PAXYS 2.25 2.39 2.25 2.25 2.25 2.25 2,000 4,500 PRMIERE HORIZON 0.93 0.94 0.98 0.98 0.93 0.93 17,486,000 16,475,800

MINING & OIL ATOK 7.02 7.03 7.08 7.08 7.01 7.02 51,500 361,529 1.4 1.41 1.42 1.42 1.39 1.41 523,000 728,680 APEX MINING 5.93 5.94 5.91 5.93 5.9 5.93 680,100 4,027,599 ATLAS MINING BENGUET A 4.9 5.1 4.9 5.1 4.9 5.1 48,500 237,720 COAL ASIA HLDG 0.28 0.29 0.295 0.295 0.295 0.295 10,000 2,950 2.65 2.7 2.7 2.7 2.65 2.7 48,000 127,800 CENTURY PEAK 6 6.14 6 6.19 6 6 7,500 45,038 DIZON MINES FERRONICKEL 2.11 2.12 2.15 2.15 2.11 2.11 832,000 1,766,590 GEOGRACE 0.232 0.243 0.24 0.243 0.232 0.243 1,070,000 251,020 0.129 0.13 0.13 0.13 0.128 0.13 15,550,000 2,001,050 LEPANTO A LEPANTO B 0.131 0.132 0.134 0.134 0.13 0.131 5,000,000 658,600 MANILA MINING A 0.0096 0.0098 0.0096 0.0098 0.0096 0.0098 68,000,000 663,000 0.0096 0.01 0.0089 0.0096 0.0089 0.0096 2,000,000 18,500 MANILA MINING B MARCVENTURES 0.92 0.93 0.91 0.93 0.9 0.92 1,170,000 1,059,910 NIHAO 1.05 1.1 1.06 1.06 1.06 1.06 117,000 124,020 NICKEL ASIA 5.25 5.26 5.2 5.33 5.18 5.26 6,016,100 31,574,089 0.34 0.375 0.35 0.35 0.34 0.35 160,000 55,900 OMICO CORP ORNTL PENINSULA 0.84 0.85 0.85 0.86 0.84 0.84 354,000 299,990 PX MINING 4.99 5 5.09 5.09 4.96 4.99 1,241,000 6,196,930 SEMIRARA MINING 23.9 23.95 22.7 24.6 22.7 23.95 10,376,500 247,825,840 0.0067 0.007 0.0067 0.007 0.0067 0.007 33,000,000 222,700 UNITED PARAGON 17.3 17.36 15.48 17.46 15.48 17.3 860,900 14,573,570 ACE ENEXOR ORNTL PETROL A 0.01 0.011 0.011 0.011 0.01 0.01 30,700,000 320,200 ORNTL PETROL B 0.011 0.012 0.011 0.011 0.011 0.011 900,000 9,900 6.09 6.19 6.2 6.35 6.08 6.09 850,800 5,203,904 PXP ENERGY

PREFFERED AC PREF B1 520 525 522 522 520 520 70 36,440 AC PREF B2R 520.5 522 525 525 522 522 60 31,380 39.5 40.6 39.6 40.9 39.1 40.6 97,700 3,880,475 CEB PREF 100.9 101.3 100.9 100.9 100.9 100.9 1,000 100,900 DD PREF FGEN PREF G 105.4 105.6 105.6 105.6 105.6 105.6 3,830 404,448 GTCAP PREF B 1,030 1,040 1,030 1,030 1,030 1,030 10 10,300 100.3 101.5 101.5 101.5 101.4 101.5 2,220 225,287 MWIDE PREF MWIDE PREF 2B 101 102 101 101 101 101 220 22,220 PNX PREF 3B 106.1 107.5 106.1 107.5 106 107.5 7,850 832,575 PNX PREF 4 1,008 1,013 1,008 1,012 1,004 1,012 2,505 2,520,695 1,124 1,128 1,102 1,124 1,102 1,124 1,125 1,253,500 PCOR PREF 3A PCOR PREF 3B 1,165 1,168 1,165 1,168 1,165 1,168 105 122,340 SMC PREF 2F 79.4 79.7 79 79.8 79 79.8 590 46,682 76.15 77.5 76.95 77.5 76.15 76.15 61,300 4,714,485 SMC PREF 2H SMC PREF 2I 79.15 79.2 79 79.2 79 79.2 21,600 1,706,500 SMC PREF 2J 76.4 77 76.25 76.5 76.25 76.5 6,550 500,887.50 SMC PREF 2K 76.2 76.95 76.95 76.95 76.9 76.95 1,650 126,937.50

PHIL. DEPOSITARY RECEIPTS ABS HLDG PDR 14 14.2 14.08 14.5 14 14.2 167,100 2,344,796 GMA HLDG PDR 14.94 15 15 15.4 14.94 14.94 198,000 2,998,754

WARRANTS TECH WARRANT 1.45 1.46 1.47 1.47 1.42 1.45 2,226,000 3,215,000

-568,630.00 -39,212,190 1,799,455 -1,966,378 -320,419 -576,332 56,804,550 -28,569,645 19,213,069 -3,319,666 -4,392,030 17,954,070 -412,276 630 -59,849,140 -9,158,400 82,520 -101,200 270,280 -8,554 246,160 -229,500 1,573,288 8,899,780 -64,969 3,900 3,255,330 921,800 -32,220 -1,568,030 -8,700 -56,748,794 -15,460 -15,101,317 -11,117,518.00 16,980 -80,060 86,790 -41,120,565.00 -3,750 -1,479,550 56,469,680 24,214,275 -150,090 -35,582,325 66,530 2,624,674 -90,500 10,350 5,614 -61,270 -1,860 -6,158,865 -63,945,119 148,670 8,000 26,350 -57,550 -7,380,490 17,000 -1,679,550 53,500 -147,445 260,000 -3,866,105 35,771,772.50 -79,886 -298,180 -18,420,925 88,500 -210,800 -347,490 -1,190.00 58,900 -100 -60,520 15,563,993 24,880 -944,740 33,500 -44,290 274,850 -2,118,110 20,080 2,292 - -2,199,410

-1.02% SMALL & MEDIUM ENTERPRISES

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.).

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

ALTUS PROP ITALPINAS MERRYMART

17.38 1.92 3.84

FIRST METRO ETF

105.6

17.4 1.93 3.85

EXHANGE TRADE FUNDS

105.7

17.06 1.91 3.87

17.38 1.94 3.92

17.06 1.9 3.85

17.38 1.92 3.85

38,400 89,000 4,483,000

664,642 170,600 17,403,310

256,540 40,330

105.5 105.8 105.5 105.6 6,940 732,731 33,768

www.businessmirror.com.ph

Banking&Finance BusinessMirror

Five strategies for diversifying your financial portfolio

A

RE you currently experiencing fluctuations in your investments? Are you a trader or an investor?

These are the usual questions that we ask fellow investors this season. Because of the changes in the economic landscape, we are always emphasizing the importance of a diversified portfolio.

We always hear the phrase: “Do not put all your eggs in one basket” to manage risks and maximize profit.

Diversification is about having variety of investments. If we invest in vehicles that are not directly correlated, we can be more comfortable because if one asset class is not performing well, there’s a chance that the other assets will perform better.

We should remember that investing is about discipline and strategic thinking, this concept will help you become wise in deciding where to invest.

Here are five steps that can help you achieve a diversified portfolio.

1. Know the risks of asset classes.

Each type of an investment has an inherent risks-and-reward ratio.

For example, investing in the stock market or crypto-currencies brings more reward but, at the same time, it can also fluctuate high compared to other investment types such as money market funds, bonds or real estate.

Understanding the potential movements can help you decide if how many percent you will allocate in a risky type of asset. A classic example is dividing your portfolio into three asset type, let’s say you allocate 33 percent each for conservative, moderately aggressive and aggressive type of fund. This will bring in more security for you.

2. Consider Peso-cost averaging.

Add to your investments on a regular basis. If you have P10,000 to invest and consistently add the same amount on a monthly basis, you’ll buy more shares when price are low and fewer when prices are high.

Steady investing can help you build your investment volume over time.

3. Set your entry and exit point.

In every type of investment, setting parameters will help guide us when to capitalize profits and mitigate losses. If you’re new to investing, setting sell or buy signal through fundamental and technical analysis can help you make a sound decision.

You may also get insights from seasoned investor but having your own conviction can help you grow in timing the market and aligning it with your goals and timeline.

4. Rebalancing allocation after five years.

Every time our life season changes, we may also consider rebalancing our portfolio allocation. For example, if you are single and have minimal responsibilities, you may take a more

Karlo Biglang-Awa

personal finance aggressive allocation to maximize returns. For someone who has a family and kids going to college, consider a moderate aggressive and conservative type of investments allocation to maintain the value of investments.

Always check your season and goals to avoid losing your hard-earned money.

5. Study your options.

Choosing which platform suites you will entail additional time to study the pros and cons of asset types. Here are quick summary of asset classes.

1. Stock market Investing in the stock market can be direct or indirect. Direct investing means that you will be the one to buy and sell your stock pick through online or traditional brokerage firms.

If you are investing in stocks, it is considered a high risk, high return type of investment.

2. Real estate Real estate is a type of asset that is lesser aggressive than the stock market. The value of properties increases over time and the demand is consistent depending on the location and development type. If you are planning to create passive income in the future, this can be a suitable type of investment for you.

3. Real Estate Investment Trust (REIT) A REIT is a company that has income-generating real estate through rental properties. It is like mutual funds; REITs pool the capital of numerous investors. This makes it possible for individual investors to earn dividends from real estate investments without having to buy, manage, or finance any properties themselves.

Here in the Philippines, REITs are becoming famous because of the numerous launching since last year of major developers such as Ayala Land, Megaworld, Double Dragon and Robinsons Land. This can be accessed through online brokerage platforms.

4. Life insurance Getting an insurance plan is one of the cheapest asset. Once you are covered with life, accident or health benefits, the company will shoulder the risks related expenses to avoid depletion of your savings and investments in other asset types. An adequate coverage can help you achieve a protection for your family in case of unforeseen life events.

Karlo Biglang-Awa is a registered financial planner of RFP Philippines. To learn more about personal-financial planning, attend the 92nd RFP program this October 2021. To inquire, e-mail info@ rfp.ph or text at 0917-6248110.

Editor: Dennis D. Estopace • Tuesday, October 5, 2021

Treasury fully awards ₧15B in T-bills despite high rates

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By Bernadette D. Nicolas

@BNicolasBM

IGHER inflation expectations pushed rates up across the board on Monday’s auction of Treasury Bills (T-bills).

Despite the uptick, the Bureau of the Treasury still fully awarded P15 billion in T-bills.

The auction ended up nearly four times oversubscribed as it attracted P56.36 billion in total submitted bids.

National Treasurer Rosalia V. De Leon told reporters that upward movement in rates can be attributed to the expected rise in inflation.

However, De Leon pointed out that the rates fetched by debt papers with longer tenors, especially the 182-day and 364-day T-bills, did not move that much.

The Bangko Sentral ng Pilipinas (BSP) earlier said inflation is expected to average 4.4 percent this year, an upward adjustment from the 4.1 percent in August.

The inflation accelerated to 4.9

percent in August from 4 percent in July. This is the highest inflation recorded since January 2019. With the August inflation, the country’s average 8-month inflation rate stood at 4.4 percent.

The BSP revised upwards its inflation forecast from 3.1 percent to 3.3 percent for 2022. For 2023, inflation is expected to average at 3.2 percent from the earlier 3.1 percent the BSP projected.

The 91-day T-bills’ average rate was capped at 1.085 percent, rising by 2.5 basis points from the previous auction’s 1.06 percent. Tenders for the tenor reached P13 billion.

Meanwhile, the 182-day T-bills fetched an average rate of 1.391 percent, higher by 0.6 basis points from 1.385 percent. Bids for the security amounted to P22.42 billion.

As for the 364-day T-bills, the average rate stood at 1.584 percent.

This was a slight increase from 1.582 percent. The debt paper registered P20.93 billion in bids.

For this month, the Treasury is aiming to raise P200 billion from the local debt market.

This year, the national government programmed to borrow a total of P3.1-trillion, most of which is expected to be raised from the local debt market.

The government borrows to meet its spending requirements as well as to finance its budget deficit.

As of end-August this year, the national government’s outstanding debt has hit a new record-high of P11.64 trillion, up by more than a fifth from P9.62 trillion a year ago.

Govt lender approves ₧5.6-B borrowing for MSMEs

By Tyrone Jasper C. Piad @Tyronepiad

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HE Small Business Corp. (SB Corp.) announced it has approved P5.634-billion worth of borrowings for local micro-scale, small and medium enterprises (MSMEs) adversely affected by lockdown measures the Duterte administration used as response to the Covid-19 pandemic.

In a briefing last Monday, SB Corp.

Board Director Voltaire Magpayo said these approved borrowings benefited 56,421 applicants. The figures are as of September 27.

According to Magpayo, the loans extended were under the government financial institution’s microfinancing program.

He said the lending window caters

to MSMEs across the country who need financial assistance amid the pandemic. Magpayo added that the program allows businesses to borrow funding without interest and collateral; they are also provided grace period.

The program originally drew P1 billion in funds from the 2021 General Appropriations Act and P4 billion through Republic Act 11494.

But as the loan facility is getting maxed out, Trade Secretary Ramon M. Lopez previously said they have secured additional funding to continue lending to MSMEs. As such, Lopez encouraged the small businesses to still apply for loans to plug budget leaks and keep operations running.

Meanwhile, Magpayo said that SB Corp. and parent agency the Department of Trade and Industry (DTI) are

still ironing out some details of the shipping-loan facility for exporters.

Previously, Lopez told the BusinessMirror that SB Corp. will soon start accepting applications for the shipping loans, which is payable up to 90 days from shipment date.

The trade chief said the Export Development Council requested for the financing program, eyeing borrowers from exporters who are ready to ship their products.

The SB Corp. official said the lending window will allow exporters in financing the demurrage fees— charged by the port authority to a shipping line when the loaded containers are not transported within the given laytime—and other costs.

In June, SB Corp. and the Alliance of Concerned Truck Owners and Organizations (ACTOO) inked

a memorandum of agreement, extending a loan program to qualified truck owners as aid to the logistics sector’s recovery.

Over 2,000 ACTOO members may apply for loans which are not subject to interest and collateral. Those who can submit financial statements may secure loans amounting to P600,000 to P5 million, while those without may apply for borrowings between P10,000 to P200,000.

Last month, Deputy Speaker for Trade and Industry Rep. Weslie Gatchalian filed a resolution to hike the budget of the DTI by P1.6 billion to further assist MSMEs amid the closures due to mobility restrictions. The Trade department and its attached agencies have been allocated P23.7 billion for next year’s budget.

Customs to donate seized face shields, masks to DOH

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HE Bureau of Customs (BOC) is set to donate seized face shields and face masks to the Department of Health (DOH).

Customs Commissioner Rey Leonardo B. Guerrero said they are already in the process of turning over about 11,500 face shields, 7,000 pieces of surgical face masks, 19,000 pieces of children’s disposable face masks and 12,000 pieces of disposable adult face masks. These goods were seized in the Port of Manila.

Aside from these, a forfeited 40foot container of various medical supplies and equipment stored in the Port of Davao would also be donated to the Southern Philippines Medical Center in Davao City, according to the BOC official.

Guerrero also said they have already donated cellular phones, laptops, educa-

tional materials and other seized goods to the Department of Education (DepEd) and other government agencies.

The cellular phones and laptops from the Pork of Clark in Pampanga were turned over by the BOC to the Deped last January while learning packets from the port of Ninoy Aquino International Airport were donated last March.

From March 2020 to August this year, the BOC said in a report it has also turned over abandoned or confiscated broadcasting equipment, food items, temporary shelters, face shields and various medical supplies and equipment to government agencies.

“Rest assured that the process of donation and turnover of the items for donation are being expedited in compliance with existing laws, rules and regulations,” Guerrero said.

The BOC also donated to the Presi-

dential Communications Operations Office (PCOO) in October last year abandoned broadcast equipment from the Port of Davao. Guerrero said the agency also donated 17 packages of live broadcasting room equipment with FM broadcast transmitter last July.

The BOC is also set to turn over to the PCOO a separate set of live broadcast room equipment and medium wave transmitter abandoned in the Port of Cebu.

Nine 40-foot containers and one 20-foot container of steel beams and accessories, 487 pieces of coated pipes and uncoated pipe tubes, 35 40-foot containers and a 20-foot container of steel parts seized in the Port of Subic were initially turned over by the BOC to the Department of Transportation.

Guerrero said these are now in the process of being transferred to the

Philippine Navy.

The official said the BOC will also turn over to the Navy three 20-foot empty containers located in the Port of Batangas.

The agency also turned over 40 boxes of face shields to the Department of Social Welfare and Development (DSWD) on July this year while a 40-foot container of Libby’s Vienna Sausage was also donated to the department on May 1, 2020.

Other seized goods turned over to the DSWD include ten boxes of assorted apparel from the Port of Iloilo last March and ten packages of canvas tents, with accessories and 2 units of stretch tents from the NAIA last August.

Eight drums of oil seized in the Port of Surigao will also be turned over to the Surigao city government, he said.

Bernadette D. Nicolas

Japan’s longest-serving finance chief bows out as officials seek post-Covid reboot

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aro Aso on Monday leaves his post as Japan’s longest serving finance minister in modern times.

He exits as the ruling party attempts to reboot with a new cabinet amid public dissatisfaction over its handling of the pandemic. Aso’s departure marks another step away from the Abenomics experiment that helped spur periods of economic growth, but couldn’t deliver sustained income gains or cut the aging nation’s massive debt pile.

After nearly nine years on the job, Aso is replaced by his 68-year-old brother-in-law, Shunichi Suzuki, a former Olympics minister and ruling party lawmaker who helped install Japan’s new premier, Fumio Kishida.

Kishida, after winning a party leadership vote last week, said he wanted to appoint younger lawmakers to key positions, in an attempt to freshen up the government before national elections this fall. After

being made prime minister on Monday, Kishida formed his cabinet and replaced the 81-year-old Aso. In his final news conference as finance chief earlier Monday, Aso said his successor was an experienced policy maker who might do a better job of explaining things to the public than he had.

Aso himself had a short stint as premier between 2008 and 2009, but will be remembered more for his years as finance minister and deputy prime minister, first under former premier Shinzo Abe and then under Yoshihide Suga.

In that role, he coordinated the “Abenomics” policy with the Bank of Japan, which bought record amounts of government bonds as part of a stimulus program that drove down the currency and temporarily lifted inflation.

“You could say that he provided steady support for the Abe administration, by providing consistency

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it done. To pay for rising social security costs as Japan’s population aged, Aso oversaw two hikes in the sales tax that doubled the levy to 10%.

The increases helped boost revenue, but also triggered recessions in 2014 and 2019.

Higher revenues also didn’t stop Japan’s budget deficit from widening even in years when the economy was expanding as the inevitable growth in social security costs drove up spending.

Japan’s mountain Japan Finance Minister Taro Aso speaks before the Diet last July. Bloomberg News

within a long-term policy approach,” said economist Harumi Taguchi at IHS Markit.

The policy, however, didn’t succeed in getting the economy out of its slow growth or generating the sustained price gains promised.

Aso often criticized Japan Inc. for

hoarding cash rather than boosting investment and wages, but failed to get much change to happen.

Kishida, for his part, has dangled the idea of a “new type of Japanese capitalism,” favoring redistribution and pay increases, but has only sketched the outline of how he’ll get

OVER the near-decade that Aso has been in charge of Japan’s finances, government debt has risen to above 250 percent of gross domestic product. Even with central bank bond purchases keeping interest rates near zero, debt payments consume almost a quarter of the budget.

In his final year, Aso oversaw record borrowing as the world was hit

by Covid-19. Three extra budgets

meant an additional 80 trillion yen ($720 billion) of new bonds issued, adding to Japan’s already enormous debt pile. While it’s unclear whether Suzuki or Kishida might bring fundamental changes to economic policy, they will be left with the task of dealing with the country’s fiscal imbalances. The government has a goal of balancing its budget by the year ending March 2026. The target excludes the costs of paying for debt, but is still seen as unreachable this decade even by the government’s own projections.

The first order of business for Kishida’s new administration will be preparing for the upcoming election, and that likely means additional stimulus. Kishida has said that tens of trillions of yen must be spent in the near term to support the recovery. Economists including Masaki Kuwahara at Nomura Securities expect a stimulus package of about 30 trillion yen. Bloomberg News

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Tuesday, October 5, 2021 • Editor: Gerard S. Ramos

Art

BusinessMirror

www.businessmirror.com.ph

‘Pamana para sa mga susunod na henerasyon’ Celebrating its 52nd anniversary, the Cultural Center of the Philippines launched last week the Gawad CCP Para sa Sining Folio, which will be available in print and digital formats. The digital version can be downloaded for free at collections. culturalcenter.gov. ph/.

Today’s Horoscope

By Eugenia Last

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CELEBRITIES BORN ON THIS DAY: Kara Royster, 28; Jesse Eisenberg, 38; Scott Weinger, 46; Kate Winslet, 46.

Happy Birthday: A compassionate approach to life, love and how you treat others will offer peace of mind and help you resolve matters that have been standing in your way. You may not please everyone with the decisions you make, but being true to yourself will be the passage to what’s best for you. Embrace the future with courage and an open mind. Your numbers are 6, 18, 24, 27, 31, 35, 48.

a

ARIES (March 21-April 19): Put everything in its place, and carry on until you reach your destination. Focus on your relationships with people who can help you get ahead. An unexpected opportunity will tweak your imagination. Consider the pros and cons before making a move. HHH

T

HE Cultural Center of the Philippines (CCP) introduced last week the Gawad CCP Para sa Sining Folio, the official publication of the highest award given by the premier art institution to deserving Filipino artists and cultural workers.

Set to be released in printed and digital formats, the folio contains citations, essays, photos, and notable works of the recipients of the 2020 Gawad CCP Para sa Sining for their outstanding achievements and contributions to Philippine arts and culture.

“This folio honors the impact these artists made to Philippine society,” said CCP chairperson Maria Margarita Moran-Floirendo during the virtual launch. “I salute the artists and organizations featured in this folio who deserve to be recognized for a job well done. This folio will greatly benefit the Filipino people, especially the young generation and the academe.”

The awardees of the 2020 Gawad CCP Para sa Sining featured in the folio were announced in July.

The 14 recipients of the highest award bestowed by the Cultural Center of the Philippines include 12 individuals, a performing group and a publication.

The awardees are Rafael Catalino “Nonoy” Froilan for Dance, Raul M. Sunico for Music, Felix “Nonon” Padilla for Theater, Luis “Junyee” Yee Jr. for Visual Arts, Lualhati Bautista for Literature, Clodualdo “Doy” del Mundo Jr. for Film and Broadcast Arts, Cristina Turalba for Architecture, Kenneth Cobonpue for Design, Nestor Horfilla for Cultural Work and Research, the late Antonio Fabella for Dance, and the late Alice Guillermo for Cultural Research.

Meanwhile, Danilo Dolor will receive the Tanging Parangal for the development and support of the arts.

The distinction was likewise conferred on the Integrated Performing Arts Guild (IPAG) for Culture of its Region, and Liwayway Magazine for Development of Philippine Culture.

“For the Gawad CCP 2020 awardees, we recognize Filipino artists who have remained loyal to their Filipino roots, drawing from tradition and the rich cultural experiences of the Filipino people,” said Chris Millado, CCP vice president and artistic director. “The

b

TAURUS (April 20-May 20): Getting along with others will be necessary. Be a good listener, and show support for those who share your beliefs. Don’t feel you need to change to fit in; be yourself, and you’ll attract like-minded people.

HHH

c

GEMINI (May 21-June 20): Be objective, open and honest. Present the best point of view you can concisely, and people will listen. Mix business with pleasure, and friendships will sprout that will encourage a bright future, along with plenty of opportunities. HHHHH

d

CANCER (June 21-July 22): Problems will develop if you are possessive or moody. Pay attention to how you look, and consider what you want to do before sharing with others. Be sure your plan is doable before you make promises. HH

e

LEO (July 23-Aug. 22): Think about the message you want to send. Consider how someone you care about will feel or react if you are abrupt or pushy. A kind word will help you gain support; a demand will cause friction. Choose the path of least resistance. HHH

f

VIRGO (Aug. 23-Sept. 22): Use your imagination, and you will come up with a plan that will help you achieve your goal. Run your ideas by those who may be affected by the decisions you make. Deal with matters upfront. HHH

g

LIBRA (Sept. 23-Oct. 22): Express your thoughts and feelings, and follow through with your plans. Offer what you can to those in need, and participate in events that are similar in goals to your own. Keep your life and what’s going on around you in perspective. Don’t overreact. HHH

solid commitment to Filipino artistry surely inspires the next generation of Filipino artists and audiences.”

The Gawad CCP Para sa Sining 2020 Folio contains 340 pages that narrate the life and present the works of the 14 awardees. The publication features original articles written by artist-scholars in English, except for one, and were then translated into Filipino by veteran teachers of Filipino language and literature.

For instance, architect-writer-editor Paolo Alcazaren penned the piece on Kenneth Cobonpue, titled “How Rattan Conquered the Art World,” which

was then translated by Michael Coroza of the Ateneo de Manila University. Meanwhile, Luna Sicat-Cleto wrote the article about Lualhati Bautista, which was then translated by Eileen Narvaez of the University of the Philippines.

According to Kiko del Rosario, art director of the Gawad CCP Para sa Sining 2020 Folio, the publication also features QR codes that readers can scan to access videos about the awardees.

Continued on B5

Maria Taniguchi’s new work on view Seriality tempts us to fixate on the most obvious deviations in Maria Taniguchi’s new work. In a suite of square canvases painted checkered, a portion stripped of paint or a section wherein color does not take, may mean disengaging from the illusion of symmetry or the body reaching its limit.

In both cases, pattern asks us to reckon with its gesture and technology of iteration. In Taniguchi’s work, each canvas is created using silkscreen, using a thin layer of paint. Labor and resource in these works persistently insist themselves in the attempts at repetition. The abstraction assured by the grid and achieved by the gradation is cultivated against

considerations material and bodily.

It is within this framework that Taniguchi, in developing a set of paintings that comprise a singular work, articulates a method of engaging with space.

The sequence of checkered canvases and the ambient purples of the unembellished paintings structure the main gallery space of Silverlens. For the artist, the paintings draw out the psychic character of materials: the checkered pattern foregrounds expectation and regularity, the atmospheric swatches play out variations of intensity and tempers mood, the color creates the experience of warm interiors.

The artist inhabits this space by way of pigment: a

rich reddish violet used for landscapes and botanical illustrations and that makes for vivid shadows.

Taniguchi’s practice is built on these fixations—these painstakingly careful considerations that allow the material, gesture, disposition to craft a method to abstraction that is conceptual as it is affective. The room’s scheme mimics the alternating pattern of the paintings, and with it, a spatial experience of seriality, something only palpable at a certain scale, a certain measure.

Maria Taniguchi’s new work will be shown from October 14 to November 13 at Silverlens Galleries, 2263 Don Chino Roces Avenue Extension, Makati City.

h

SCORPIO (Oct. 23-Nov. 21): Keep things simple and under control. Too much of anything will lead to trouble. Curb bad habits and enforce a routine, diet and lifestyle that will keep you in shape and healthy. Follow the path that leads to personal growth. HHH

i

SAGITTARIUS (Nov. 22-Dec. 21): Be demonstrative, express your thoughts and feelings, and do your best to care for matters that can determine your fate professionally. Take the initiative, and believe in your ability to outmaneuver any competition that comes your way. HHHH

j

CAPRICORN (Dec. 22-Jan. 19): Be cautious when dealing with a friend, relative or colleague.

Don’t share personal information or make promises that might put you in a tight spot. Make a change at home that will ease stress. Avoid indulgent behavior. HH

k

AQUARIUS (Jan. 20-Feb. 18): Concentrate on what’s important to you. A financial deal looks promising. Look for an investment that is solid and doesn’t require you to go into debt.

Moderation and intelligence will lead to prosperity. Be honest about how you feel. HHHHH

l

PISCES (Feb. 19-March 20): Pay attention to the way you present yourself to others. Update your image, and take a unique approach to friendship, life and romance. Say what’s on your mind, and stick to the rules and regulations. Live frugally and avoid overindulgence. HHH Birthday Baby: You are expressive, persistent and compassionate.

You are original and thoughtful.

‘double cross’ by don gagliardo The Universal Crossword/Edited by David Steinberg

ACROSS 1 Bypass 5 Ships that were measured in cubits 9 Warnings from Fido 13 Initial poker contributions 15 Emmy-winning comedian Love 16 Stir up 17 2-Down + 5-Down?

19 Name that anagrams to “Mary” 20 Pigpen 21 “Here’s the deal...”

22 Short-long metrical foot 23 Walk heavily 24 Fashion imprint 26 Respond to a job ad 29 Thing in the plus column 32 Pro shop pegs 33 Grassland 38 Actress Thurman 39 Eco-friendly org.

40 34-Down + 25-Down?

41 Debt letters 42 Trojans’ sch.

43 Abandon 44 Abbr. before a recipient’s name

45 Musical composition 47 ___ tooth (love of sugar) 48 Some online product services 51 Smoke duct 53 ___ gin 55 “Asteroids” consoles 57 Babysitter’s challenge 60 Middle of a planet 61 They sound more similar than they look...and are central to this puzzle’s theme 63 Austrian mountains 64 “It slipped!”

65 Greek I’s 66 Bottom of a statue 67 “What ___ is new?”

68 Letter format?

DOWN 1 French for “without” 2 Tree protuberance 3 ___-bitty 4 Princess’s annoyance 5 Audibly 6 Spreadsheet divisions 7 Prepare to pop the question

8 Better half?

9 They clash in battle 10 16-Across + 47-Across?

11 Unwavering 12 Chunk of bacon 14 In a cunning manner 18 Bloke’s bathroom 23 Start of a texter’s request, maybe 25 Cry loudly 26 Wolfed down 27 Cola wars side 28 45-Across + 60-Across?

30 Act theatrically 31 Jeer at 33 Cambridge sch.

34 Miss the mark 35 Org. that accredits law schools 36 Castellaneta who voices Homer 37 Like antiques 40 Crossing the Caribbean, say 44 Admiration 46 “Big” or “blue” follower 47 Dish served with wasabi 49 Lake partially in Nevada 50 Piano accompaniment?

1 Cold, pink cocktail 5 52 ChapStick target 53 Worker during a strike 54 “Whatever ___ Wants” (“Damn Yankees” song) 56 Rock concert blasters 57 Fanatical about 58 Spiteful 59 (Over here!)

62 “I didn’t see that wall!”

Solution to today’s puzzle:

Show BusinessMirror

www.businessmirror.com.ph

Editor: Gerard S. Ramos

• Tuesday, October 5, 2021

Inside the happy heart of Ai-Ai de las Alas SANYA LOPEZ and Alfred Vargas

ALDEN RICHARDS, SYLVIA SANCHEZ LEAD WINNERS IN 36TH STAR AWARDS FOR MOVIES

BY LEONY R. GARCIA IN its 36th year, the Philippine Movie Press Club (PMPC) successfully crossed to a virtual awarding ceremony in line with physical restrictions due to the Covid-19 pandemic.

Recognized were the best of films, actors, directors and other creatives of the movies shown in 2019.

Alden Richards bagged the Movie Actor of the Year award for his portrayal of an OFW bartender in Hello, Love, Goodbye.

Sylvia Sanchez bested other actresses in the Best Actress category for her powerful portrayal as Jesusa in the movie of the same title.

This year’s recipient of the Nora Aunor Ulirang Artista Lifetime Achievement Award is veteran theater, film and television actress Angie Ferro, while the Ulirang Alagad ng Pelikula sa Likod ng Kamera Lifetime Achievement Award was presented to seasoned master director Elwood Perez who is celebrating his 50th year in the movie industry.

A joint production by the PMPC and the Film Development Council of the Philippines, the awards ceremony was made possible by the tandem of Winnie Magcalen Mariano and director Pete Mariano.

First-time awards hosts, actor-turned-politician Alfred Vargas and prized GMA actress Sanya Lopez, did their best hosting remotely from the compounds of MowelFund in Quezon City. Top-tier music talent added glitter to the show, led by Regine Velasquez-Alcasid, Jed Madela and Luke Mejares. The event was aired on September 26 at 6 pm via STV (Social TV) and the RAD streaming platform.

Here are the winners in the 2021 PMPC Star Awards for Movies: ■ MOVIE OF THE YEAR: Hello, Love, Goodbye (Star Cinema); Director of the Year: Cathy Garcia-Molina (Hello, Love, Goodbye); Indie Movie of the Year: Mindanao (Center Stage Productions); Indie Movie Director of the Year: Brillante Mendoza (Mindanao); ■ MOVIE ACTOR OF THE YEAR: Alden Richards; Movie Actress of the Year: Sylvia Sanchez; Supporting Actor of the Year: Ricky Davao (Fuccbois); Supporting Actress of the Year: Maricel Laxa (Hello, Love, Goodbye); New Movie Actor of the Year: David Licauco (Because I Love You), tied with Paolo Marcoleta (Guerrero Dos, Tuloy Ang Laban); ■ NEW MOVIE ACTRESS OF THE YEAR: Michelle Dee (Because I Love You); Movie Child Performer of the Year: Xia Vigor (Miracle In Cell No. 7); Movie Ensemble of the Year: the cast of Miracle In Cell No. 7, headed by Aga Muhlach; Indie Movie Ensemble of the Year: the cast of John Denver Trending, headed by Jansen Magpusao; ■ SHORT MOVIE OF THE YEAR: Forever (Adlibs Entertainment Corp., Institute of the Moving Image, Bandido Media Productions); Short Movie Director of the Year: Domingo Molina (Forever); ■ SPECIAL AWARDS—DARLING OF THE PRESS: Joed Serrano; Movie Loveteam of the Year: Kathryn Bernardo and Alden Richards (Hello, Love, Goodbye).

SPECIAL CHRISTMAS PROMO FOR POPULAR DIGITAL TV RECEIVER

THE gift of a brighter, more vibrant and even more affordable digital TV experience awaits viewers this holiday season.

Media giant GMA Network unveils a special Christmas promo as it offers GMA Affordabox (www.GMAaffordabox. com), with an SRP of P888, at a discounted price of only P799 from October 1 to December 31, 2021.

The network’s sought-after digital TV receiver allows viewers to enjoy superior quality viewing of their favorite shows and movies in GMA’s six digital channels—GMA, GTV, Heart of Asia, Hallypop, I Heart Movies, and DepEd TV—as well as other available free-to-air channels in digital broadcast, depending on their areas.

For an elevated entertainment experience, GMA Affordabox also offers great features that suit every user’s viewing habits. The Personal Video Recorder feature lets users record programs so that they can watch and re-watch highlights of their favorite GMA shows. With the multimedia player, users can watch videos, listen to music, and view photos. GMA Affordabox also has a functional auto-on alert feature and a nationwide Emergency Warning Broadcast System that receives alerts from the NDRRMC about calamity warnings.

For the discounted price, with no monthly fees, GMA Affordabox is clearly the perfect gift idea this Christmas. It may be purchased in appliance stores and malls, or online via the official GMA Store web site as well as on Shopee and Lazada.

DINGDONG DANTES promotes GMA Affordabox.

E

VERYBODY’S favorite funny woman Ai-Ai de las Alas has her hands full at this time, especially given that a new season of The Clash has just commenced.

It is the singing search program’s fourth season, and Ai-Ai reunites with her two other jury colleagues Lani Misalucha and Christian Bautista in the demanding duty to find the new singing discovery of GMA Network.

“Actually, it is not easy because our country never runs out of amazing singers, and every new season I am really surprised that the level of brilliance of those who wish to be discovered gets higher and higher,” she said, adding, “And this early I can tell you that those who made the cut do not only have wonderful singing voices but they are also lookers.”

The comedienne also told us that she believes that destiny plays a big role for whoever wins in any starsearch contest. “Of course, the journey of each and every contestant is valuable, and every performance determines who makes it to the next round, but come finals night, the one who is destined to win will win because he or she will sing the perfect song, wear the perfect outfit, be in his or her best elements to give the greatest performance of his or her life.”

Fate and destiny have also led Ai-Ai to decide to move to the United States in December, right after she finishes her commitments for The Clash. “I am firm in my decision, something that I have been pushing back for many years now,“ she said. Ai-Ai, who has been a green card holder since 2015, will have to stay put in the United States in order for her to start the petition process of her husband Gerald Sibayan, now a licensed pilot.

Gerald married Ai-Ai in a star-studded church wedding in December of 2017, three years after their May-December love story blossomed. After almost four years of being husband and wife, the comedienne admitted that her pilot husband has become sweeter, more mature and a true anchor. “He is my strength, and he continues to surprise me with his many ways of showing his love for me,” she gushed.

Ai-Ai added that her decision to focus on her husband has been well considered and planned. “It is just now that I am making time to be a wife to Gerald, to make him my priority. He has sacrificed a lot for me over the years, quietly supporting me in the sidelines, accepting my career decisions wholeheartedly. It’s

about time that I reciprocate. That is why I am staying in the US for a few years to fix our papers.”

In the meantime, aside from working on the new episodes of The Clash, Ai-Ai has also set her sights on strengthening and expanding her online pastry business, which she has named Martina’s Pastries.

She started taking baking classes at the Philippine Academy of Pastry and Culinary Arts, a high-profile learning center for would-be bakers and pastry chefs, elevating her passion for baking to another level. “I’m also in the process of training people who will oversee the business while I am overseas.”

She added, “I am enjoying being a student. I have turned to baking during the start of the pandemic

as an outlet, an an expression of whatever creativity I have, and it has turned into a passion. Part of whatever I earn from what I produce, I save, and the rest I put it back in business,” she shared, adding that her ube pandesal remains a best-seller more than a year after it became a hit on the Internet.

Life has been good to the 56-year-old comedienne, host, live performance artist, mother and wife.

Martina Eileen de las Alas-Sibayan credits her heart to everything good that is happening to her. “I always listen to my heart, and even if it has some scars from the past, it never lies. There are times it clashes with my mind but I always trust my instincts, and my inner voice emanates from my heart.” ■

SCARLETT JOHANSSON, DISNEY SETTLE ‘Pamana para LAWSUIT OVER ‘BLACK WIDOW’ sa mga susunod na henerasyon’

BY ANDREW DALTON The Associated Press

LOS ANGELES—Scarlett Johansson and the Walt Disney Co. on Thursday settled her lawsuit over the streaming release of Black Widow, bringing a swift end to what had begun as the first major fight between a studio and star over recent changes in rollout plans for films.

Johansson filed the lawsuit in Los Angeles Superior Court two months ago, saying the streaming release of the Marvel movie breached her contract and deprived her of potential earnings.

Terms of the deal were not disclosed, but the two sides released a joint statement in which they pledged to continue working together.

“I am happy to have resolved our differences with Disney,” said Johansson, who has played Natasha Romanoff a.k.a. Black Widow, in nine movies going back to 2010’s Iron Man 2. “I’m incredibly proud of the work we’ve done together over the years and have greatly enjoyed my creative relationship with the team. I look forward to continuing our collaboration.”

Alan Bergman, chairman of Disney Studios Content, said he is “pleased that we have been able to come to a mutual agreement.”

“We appreciate her contributions to the Marvel Cinematic Universe and look forward to working together on a number of upcoming projects,” Bergman said. The lawsuit said Johansson’s contract guaranteed an exclusive theatrical release, with her potential earnings tied to the box office

performance of the film.

But as it has with other recent releases since the coronavirus pandemic began, Disney released the film simultaneously in theaters and through its streaming service Disney+ for a $30 rental.

The rhetoric of the lawsuit and Disney’s response suggested a long and ugly battle was ahead.

“In the months leading up to this lawsuit, Ms. Johansson gave Disney and Marvel every opportunity to right their wrong and make good on Marvel’s promise,” the lawsuit said.

“Disney intentionally induced Marvel’s breach of the Agreement, without justification, in order to prevent Ms. Johansson from realizing the full benefit of her bargain with Marvel.”

Disney at the time said the lawsuit had “no merit whatsoever,” adding that it was “especially sad and distressing in its callous disregard for the horrific and prolonged global effects of the Covid-19 pandemic.”

Disney said the changed release plan “significantly enhanced her ability to earn additional compensation on top of the $20 million she has received to date.”

Delayed more than a year because of Covid-19, Black Widow debuted to a what was then a pandemicbest of $80 million in North America and $78 million from international theaters on July 9. But theatrical grosses declined sharply after that. In its second weekend in release, the National Association of Theatre Owners issued a rare statement criticizing the strategy.

Revised hybrid release strategies have occasionally led to public spats between stars, filmmakers and financiers who are unhappy with potential lost revenues and their lack of say in such strategies.

But none were as big or as public as Johansson’s lawsuit.

CONTINUED FROM B4 “Sana po ay magustuhan ninyo ang Gawad CCP Para Sa Sining 2020 Folio,” said Dr. Nicanor Tiongson, editor of the publication. “Sana’y makapagbigay ito ng inspirasyon sa mga estudyante sa elementary, high school at kolehiyo, at sa lahat ng makababasa sa parangal na ito, Pilipino man o banyaga.”

Featured in the launch was a representative of the education sector, Maricel Padua Lopez, a senior high-school teacher of humanities and social sciences, or HUMSS. She said that the folio showcases the cultural richness of the country that should be promoted, especially among the younger generation.

“Kung kilala nila ang K-pop groups at American artists katulad ng BTS at ni Taylor Swift, dapat ay kilala rin nila ang sariling atin,” Lopez said. “Ako, bilang guro, ay ipamumulat ko sa mga kabataan na kilalanin din ang sariling atin upang mapayabong at mapalago ang kultura ng ating bansa.”

The folio’s potential impact on the Filipino youth was the same message underscored by CCP president Arsenio Lizaso in his closing remarks for the launch.

“Ang Gawad CCP Para sa Sining 2020 Folio ay nagsisilbing patunay sa pag-usbong at pag-unlad ng iba’t-ibang larangan ng sining at kultura sa Pilipinas,” he said. “Ito ay pamana para sa mga susunod na henerasyon upang mas makilala at mas mapalago pa ang sining at kultura natin.” ■

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B6 Tuesday, October 5, 2021

Negros dive haven to go ‘zero waste’

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AUIN town, the scuba diving and resort capital of Negros Oriental province, envisions of being a "zero waste" municipality in keeping with its thrust of being a sustainable tourist destination in Central Visayas.

This after its municipal government led by Mayor Galicano Truita recently held a coastal cleanup which involved local officials, employees, security personnel, barangay volunteers, and tourism stakeholders under the Dauin Resorts Association and the Negros Oriental Dive Association.

The event, which had some 150 participants in 8 barangays, also had a simultaneous underwater cleanup by volunteer scuba divers from the Philippine National Police and Bureau

of Fire Protection.

The cleanup is part of the observance of the International Coastal Cleanup Day, and included an educational component which consolidated the environmental, waste management and upcycling initiatives within the town.

The coastal municipality takes pride in its rich ridge to reef ecosystem because of its forested uplands and lush marine life.

Dauin's new environmental direction is inspired by the citation received by its main tourism spot, Apo Island, which was recently awarded as the country's first “zero waste” island barangay by the Zero Waste Cities Project because of its communitybased upcycling livelihood projects.

The ZWCP is an initiative of

GAIA Asia Pacific and 10 member collaborators from India, Indonesia, and the Philippines, and is funded by the Plastic Solutions Fund.

The project encourages grassroots solid waste management, enabling waste reduction policies, and creating income opportunities in the handling and processing of recyclable materials in the island's four material recovery facilities which integrate solid wastes into construction aggregates, furnishings and decorative items.

One of the country’s sought-after scuba diving sites, Apo boasts of a lush marine biodiversity with lush coral gardens, sea turtles, school of jacks, and other aquatic resources. The 74-hectare island is also recognized by the Department of Environment and Natural Resources as a Protected Seascape and Landscape.

The island village is taking its earth-friendly lifestyle by pilot testing the use of organic shampoos and body wash, lime soap bars, organic liquid laundry and dishwashing solutions to gradually eliminate plastic waste sachets.

The social enterprise is a partnership with Silver Reef Dive Resort (SRDR) and Plastic Life Sucks (PLS) which will supply refillable pump bottles and biodegradable bathroom and washing essentials. SRDR, a prime mover of the Dauin Resorts Association and the Dauin Tourism Board, is a boutique dive resort and restaurant which is advocating for sustainable tourism practices and coral propagation in the municipality.

Bare to Declare: Avon urges women to celebrate their own version of beauty

MERALCO ENERGIZES NEW COVID-19 VACCINATION CENTER IN PATEROS. In its continuing support to the Government and Private Sector’s fight against COVID-19, Meralco energizes a new vaccination center at the AMC Gym, Barangay San Roque, Pateros. The project involves the installation of six (6) 15-meter concrete poles, two (2) 50-kVA distribution transformers, ten (10) spans of insulated primary wires, service drop wires and metering facility. This new vaccination center is one of the many vital COVID-19 facilities in the Meralco franchise area that are given the highest priority in terms of providing safe, adequate, and reliable supply of electricity, in line with the company’s thrust to assist the government during the pandemic. To date, more than 140 vital COVID-19 facilities have already been energized

by Meralco which include government offices, hospitals, testing laboratories, quarantine and vaccination centers, and vaccine storage facilities.

Spotify celebrates new sounds this season in PH

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S we get into the exciting spirit of Ber Months, the Spotify team is happy to share local artists and creators’ fresh releases on its platform. Enjoy this month’s selection as you sit back and tune in.

Ben&Ben has released their highly anticipated album, Pebble House, Vol. 1: Kuwaderno on Spotify. This 13-track album marks an important chapter in Ben&Ben’s history, capturing their stories and experiences that had accompanied them through their journey. From October, check out Spotify’s “Tatak Pinoy” playlist where you can look forward to exclusive Spotify Clips that give you an intimate glimpse into “Pebble House”, a visual diary that reveals corners of the house where their songs were written.

Here are two Spotify playlists to immerse yourself and your loved ones in fuzzy, festive feels.

Paskong Pinoy. Check out hit songs such as Christmas in Our Hearts, Sana Ngayong Pasko, Christmas Bonus, and Star ng Pasko.

Maligayang Pasko! A holiday hosting musthave, check out this playlist that houses the best of international tunes. From traditional tunes like Mariah Carey’s All I Want is You to the latest acoustics by Taylor Swift, it’s time to dream up the perfect gathering this season.

Trending Podcasts and Shows

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HERE’S no better time to celebrate every kind of beauty, be comfortable and confident to show ‘em what you got!

Most women will have heard or read someone make an unsolicited remark about how they look whether at home, outside, or online. Social media is especially widespread not just with comments, but also with unrealistic beauty standards from brands and celebrities. Some get the notion that it’s “normal,” but that shouldn’t be the case.

It’s best to remember that there’s no definite standard of what it means to be beautiful, so there should be nothing or no one to hold you back from owning your version of it! When you acknowledge every part of yourself and use it to your advantage, nobody will be able to put it against you.

Beauty might be skin-deep, but selflove runs deeper. That’s why it’s time you Bare to Declare your beauty standard— after all, Avon’s got you covered with products that nourish your own beauty.

Skin So Soft and So You

EVERY Filipina can feel sexy with radiantly soft skin with the new and improved Skin So Soft Hand and Body Lotions by Avon, now formulated with Deep Absorb TechnologyTM that can penetrate up to 10 layers of skin which means that all the nourishing and protecting ingredients are deeply absorbed, making skin look and feel amazing from within.

Don’t be afraid to enjoy the sunshine when you put on Skin So Soft Radiance

+ SPF15 Hand and Body Lotion which protects you from UV rays, while also improving dull skin in just 3 days with active Glutathione formula.

Go from uneven to flawless skin with Skin So Soft Perfectly Even Hand and Body Lotion with 99% Kojic concentrate and SPF6, which is powered with 5A complex that will make any skin tone naturally even, sun-protected, and nourished.

Dry and sagging skin? That’s no problem with Skin So Soft Firm Bright Hand and Body Lotion, infused with Vitafirm complex and Carrot root extract that keeps skin look and feel firmer in just 3 days.

Keep your skin silky-smooth throughout the day with Skin So Soft Silky Moisture Hand and Body Lotion that’s infused with Argan Oil and Vitamin E for long-lasting moisture.

Last but not the least, you can achieve radiant skin faster and brighter than ever before with Skin so Soft Ultra Radiance Hand and Body Lotion, now with 4x more Glutathione. Combined with Gluta Booster Technology, you can increase your natural Gluta in the skin by up to 27%. Furthermore, this formula is 99% enforced with pure Vitamin C, Vitamin B3 (Niacinamide), and Amino Acids.

Go Nude with an Attitude

AVON has recently strengthened their position to be more inclusive for every size, skin tone, gender, and identity through Intimate Apparel.

Last May, the brand encouraged women to “Own Your Stage” with the

Invisicool collection that can support you at whatever stage in life you are – be it a striving mom, a plus-sized queen, or even an experienced boss. By July, the brand invited every body and everybody to “Come As You Are” with the first gender-free Limitless underwear collection in the country.

This time, women are encouraged to take on the world with a nude attitude with Avon Intimate Apparel. It has additional shades that can complement morena, medium-tone, and fair skin tones. It also offers a variety of designs to choose from: signature lace bras, nude printed bras, and innovative and moulded bras.

Whether you’re working from home or running a quick errand, you can still take it light and easy with the 3-piece loungewear collection that you can wear from day to night. A true level-up from your usual house clothes, this selection is made with innovative, lightweight fabric, and moves sweat from your body so you can be comfortable throughout the day. It comes in a versatile nude that pairs well with your skin, regardless of complexion.

Find the perfect support for your body and don’t let anyone dim your glow!

As long as you feel good, you’re already on your way to being the best version of yourself. There’s no pressure to give in to what other people might say. Because whichever you choose, Avon encourages you to #BareToDeclare your version of beauty.

Check the whole collection now at avonshop.ph or contact your local Avon representative!

PLUGGING into a good podcast has the ability to inspire your day. With podcasts spanning across multiple genres, tune in to these trending picks filled with light-hearted stories and conversations.

Figure It Out with Gabbi and Khalil.

Maneuvering life’s highway of twists and turns, Gabbi and Khalil discover more about

themselves through conversations about their untold stories and adventures.

The Karen Davila Podcast spotlights topics Filipinos care about. Karen discusses life, lessons, and everything in between. Every episode is a candid conversation between Karen and famous personalities, movers and shakers, and friends.

Makinig Ka Muna with Jim & Saab is Spotify’s latest Music + Talk show that combines music and spoken commentary in one harmonious listening experience. The couple quips that they now have a platform to merge their love for giving advice and providing a soundtrack to life.

Blend: Discover your “Taste Match Score” with your Friends

HOW in sync are you and your bestie?

With Blend, friends can put their music compatibility to the test with the personalized, shared playlist.

Two users who create a Blend will now get a taste match score that shows how similar or unique their listening preferences are.

They’ll also be able to see the specific song that brings you together, and shareable across social channels.

Simply Create, Invite, Blend, and Share.

Tap ‘Create Blend’ in the Made for You hub on mobile. Next, tap ‘Invite’ to select a friend to join your Blend via messaging. Once your friend accepts, Spotify will generate custom cover art and tracklist for the two of you, filled with songs that combine your listening preferences and tastes. Share your Blend results across your social channels by tapping “Share this story” at the bottom of your data story screen.

FPG Insurance wins at 2021 Insurance Asia awards

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PG Insurance, a major player in the non-life insurance industry, bagged the Insurtech Initiative of the Year award for the Philippines at the 2021 Insurance Asia Awards for its organic and in-house Software-Defined WideArea Network or SD-WAN. The event was held virtually via digital presentations throughout the month of August.

The prestigious event, organized by Insurance Asia and the Charlton Media Group, recognizes the most outstanding insurance companies all over the region. The Insurance Asia Awards has since awarded over 130 companies from 24 countries from its foundation in 2016 and has received the most number of nominations this year since its inception.

SD-WAN is an IT architecture that provides enhanced connectivity, higher bandwidth capacity, centralized network management, and better security and encryption. It also allows businesses and organizations to utilize more affordable connection types other than the traditional Multiprotocol Label Switching or MPLS. “Implementing SD-WAN was a challenge but we were able to do so in a span of five months which greatly helped prepare our operations for the global business interruptions in 2020. The company would have only been able to send off 20% of its staff to work remotely owing it to retail licensing limitations. Currently, the capability of the company can enable close to 100% of the workforce to a work-fromhome arrangement if needed,” said Gabriel

Mohan, FPG Insurance Chief Information Officer and Head of IT. By utilizing SD-WAN, FPG Insurance receives faster service and improved data center management across its branches nationwide.

“It has been a very challenging time not only for the Philippines but for every industry globally. Implementing SD-WAN proved to be a very reliable undertaking.

This reinforces our stronger commitment to our customers and business partners as we look for new ways to upgrade the way we deliver our products and services,” said FPG Insurance President and CEO Gigi Pio de Roda.

FPG Insurance’s SD-WAN was implemented in-house which now serves as the backbone for the company’s ongoing digital transformation initiatives.

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

TheWorld

Taiwan says peace crucial to chip supply as China pressure grows

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eace in the Taiwan Strait is key to the island’s ability to ensure continuous supply of the chips needed to power a wide range of products from cars to smartphones, a senior Taiwanese official said.

Taipei is seeking to rally political support as China ramps up its aggression toward the island that it considers part of its territory. Warplanes sent by Beijing made a record 93 flights close to Taiwan over a three-day period starting Friday, prompting the US State Department to express concern and urge China to cease its “provocative” actions.

“Taiwan has helped foster a great chip manufacturing ecosystem with three decades of efforts against the backdrop of globalization,” Taiwan’s Minister of Economic Affairs Wang Mei-hua told Bloomberg News in an interview on Friday. “The global community should take Taiwan’s security more seriously so Taiwan can continue to provide stable service to everyone and be a very good partner to everyone.”

Wang’s comments highlight the increasingly politicized nature of semiconductors as governments around the world scramble to secure sufficient chips from Taiwan to accelerate a post-Covid economic rebound. Taiwan Semiconductor Manufacturing Co. boasts a 53-percent share of the contract chipmaking market, fueling concern that any instability in the Taiwan Strait could cut off supply of key silicon used by hundreds of companies including Apple Inc. for its iPhones. Chairman Mark Liu in July also called for peace in the region, in order to prevent disruptions to the supply chain.

The heavy reliance on TSMC and its local peers has already spurred governments in the US, EU, Japan and China to mull bolstering their own domestic chip industries. The Biden administration last month stepped up its pressure on companies to disclose details on their supply-and-demand structures, as the global chip shortage continued to wreak havoc on many industries, including automaking. Intel Corp.’s Chief Executive Officer Pat Gelsinger has exhorted the US government to prioritize support to domestic chipmakers rather than non-American ones, characterizing foreign supply chains as “insecure.”

Wang dismissed concerns that companies around the world are too dependent on Taiwan, saying that the island focuses mostly on chip fabrication within the complex global semiconductor supply chain. It still needs equipment and materials from other countries, such as gear from US-based Applied Materials Inc. and the Netherland’s ASML Holding NV,

which has a monopoly on extreme ultraviolet lithography systems required for manufacturing the most cutting-edge chips.

“We can buy EUV machines only from ASML. Are we going to say that it is too risky for us to be so dependent on ASML?” Wang said.

“Taiwan has built a professional and reliable ecosystem over a long period of time, so many chip designers end up getting Taiwan to make the chips. It is really because Taiw a n h a s a ve r y e f f ic ie nt p r o d u c t i o n s y s t e m . Ta i w a n act u a l ly g rows a nd t hr ives to get her w it h globa l equ ipment a nd mater i a l suppl iers.”

The island’s chipmakers are already doing their part to alleviate shortages plaguing the global automotive industry, she said, with TSMC boosting output of automotive microcontrollers by 60 percent from 2020. It’s also spending $100 billion to expand manufacturing over three years.

But chip packaging and testing services in Malaysia have been affected by lockdowns, and that is what’s causing the current bottleneck in supply, she said.

The chip crunch is now expected to cost global automakers $210 billion in sales this year.

They will build 7.7 million fewer vehicles in 2021, according to the latest estimates from AlixPartners issued in September, almost double a previous forecast of 3.9 million. TSMC produces a significant portion of the semiconductors needed by major auto chip suppliers like Infineon Technologies AG, NXP Semiconductors NV and Japan’s Renesas Electronics Corp., companies that carmakers around the world depend on for essential electronic components for their vehicles.

To mitigate US national security concerns, TSMC is building a $12-billion plant in Arizona with the goal of starting to produce chips by 2024. The Taiwanese company is also considering building a fab in Japan and studying the feasibility of a creating plant in Germany.

It’s also adding capacity in a fab in the eastern Chinese city of Nanjing.

At home, the Taiwanese government is making efforts to provide TSMC with adequate water and electricity supply in anticipation of the chipmaker’s future needs, Wang said. TSMC has pledged to using 100% renewable energy and producing zero indirect carbon emissions from electricity consumption by 2025.

“The chip industry has propped up Taiwan’s economy. It is a key pillar to Taiwan’s economic security and overall security,” Wang said.

“We are working hard to ensure that Taiwan will continue to be a reliable partner for everyone to collaborate with.” Bloomberg News

BusinessMirror

Tuesday, October 5, 2021

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Japan’s parliament elects former diplomat as new PM

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OKYO—Fumio Kishida was elected Japan’s prime minister in a parliamentary vote Monday and will be tasked with quickly tackling the pandemic and other domestic and global challenges and leading a national election within weeks.

With his party and its coalition partner holding a majority in both houses, Kishida won by a comfortable margin against Yukio Edano, head of the largest opposition Constitutional Democratic Party of Japan. Kishida and his new Cabinet will be sworn in at a palace ceremony later in the day.

He replaces Yoshihide Suga, who resigned after only one year in office as his support plunged over his government’s handling of the pandemic and insistence on holding the Tokyo Olympics as the virus spread.

A former foreign minister, Kishida, 64, used to be known as a dovish moderate but turned hawkish apparently to win over

influential conservatives in the Liberal Democratic Party. He is firmly entrenched in the conservative establishment, and his victory in last week’s vote to replace Suga as the party’s leader was a choice for continuity and stability over change.

Kishida will replace all but two of 20 Cabinet posts under Suga and 13 are being appointed to ministerial posts for the first time, Japanese media reported. Most of the posts went to powerful factions that voted for Kishida in the party election. Only three women are reportedly included, up from two in Suga’s government.

Foreign Minister Toshimitsu Motegi and Defense Minister No-

buo Kishi are to be retained, ensuring continuity of Japan’s diplomacy and security policies as the country seeks to closely work with Washington under the bilateral security pact in the face of China’s rise and growing tensions in the region, including around Taiwan.

K ishid a suppor ts stronger Japan-US security ties and partnerships with other like-minded democracies in Asia, Europe and Britain, in part to counter China and nuclear-armed North Korea.

Kishida is to create a new Cabinet post aimed at tackling economic dimensions of Japan’s national security, appointing 46-year-old Takayuki Kobayashi, who is relatively new to parliament.

Japan faces growing nuclear and missile threats from North Korea, which last month testfired ballistic missiles capable of h it t i ng t a rget s i n Japa n.

K ishida also faces worsening ties with fellow US ally South Korea over histor y issues even after he struck a 2015 agreement with Seoul to resolve a row over the issue of women who were sexually abused by Japan’s militar y during World War II. An urgent task at home will be

turning around his party’s sagging popularity, hurt by Suga’s perceived high-handedness on the pandemic and other issues. Kishida is expected to make a policy speech later this week before dissolving the lower house of Parliament ahead of the general election expected by mid-November.

He’ll also have to ensure Japan’s health-care systems, vaccination campaign and other virus measures are ready for a possible resurgence of Covid-19 in winter, while gradually normalizing social and economic activity.

Kishida said last week that his top priority would be the economy.

Kishida’s “new capitalism” is largely a continuation of Abe’s economic policies. He aims to raise income of more people and create a cycle of growth and distribution.

A third-generation politician, Kishida was first elected to Parliament in 1993 representing Hiroshima and is an advocate for nuclear disarmament. He escorted former President Barack Obama during his 2016 visit to the city that, along with Nagasaki, was destroyed in US atomic bombings in the closing days of World War II. AP

New Zealand admits it can no longer get rid of coronavirus

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ELLINGTON, New Zealand—New Zealand ’s government acknowledged Monday what most other countries did long ago: It can no longer completely get rid of the coronavirus.

P r i m e M i n i s t e r Ja c i n d a Ardern announced a cautious plan to ease lockdown restrictions in Auckland, despite an outbreak there that continues to simmer.

Since early in the pandemic, New Zealand had pursued an u nu su a l zero -tolera nce ap proach to the virus through strict lockdowns and aggressive contact tracing.

Until recently, that elimination strateg y had worked remarkably well for the countr y of 5 million, which has reported just 27 virus deaths.

W hile other nations faced rising death tolls and disrupted lives, New Zealanders went bac k to work pl aces, sc hool yards and sports stadiums safe from any community spread.

But that all changed when

t he more cont ag iou s De lt a va r i a nt somehow esc aped from a quarantine facility in August after it was brought into the countr y from a traveler returning from Australia.

Despite New Zealand going into the strictest form of lockdown after just a single local case was detected, it ultimately wasn’t enough to crush the outbreak entirely.

One factor may have been that the disease spread among some g roups that are t y pically more war y of authorities, including gang members and homeless people living in transitional housing.

The outbreak has grown to more than 1,300 cases, with 29 more detected on Monday.

A few cases have been found outside of Auckland.

A rder n sa id t hat seven week s of loc kdow n rest r ictions in Auck land had helped keep the outbrea k under cont rol.

“For this outbreak, it’s clear that long periods of heav y re-

strictions has not got us to zero cases,” Ardern said. “But that is OK. Elimination was important because we didn’t have vaccines. Now we do, so we can begin to change the way we do things.”

New Zea l a nd bega n its vaccination campaign slowly compared to most other developed nations. R ates rocketed in August after the outbreak began but have dropped off significantly again since then.

About 65 percent of New Zealanders have had at least one dose and 40 percent are fully vaccinated. Among people age 12 and older, about 79 percent have had at least a single jab.

Under A rdern’s plan that starts Tuesday, Auck landers will be able to meet outdoors with loved ones from one other household, early childhood centers will reopen and people will be able to go to the beach.

The dates for a phased reopening of retail stores and l ater ba rs a nd rest au r a nt s have yet to be decided.

A rder n said the elimination strateg y had ser ved the country incredibly well but the government always intended to event u a l ly t ra nsit ion to the protection of vaccines, a change hastened by the Delta variant “game changer.”

The government’s elimination approach had been broadly supported by New Zealanders but was facing increasing criticism. Over the weekend, hu nd red s of people t u r ned out to rallies protesting the lockdown.

Opposition lawmaker Chris Bishop said the government had no clear strateg y to deal with the outbreak other than total surrender.

But Ardern said that most mea su res wou ld rem a i n i n place to keep the outbreak under control, including exhaustive contact tracing and isolating those who got infected. “ There’s good cause for us to feel optimistic about the future,” Ardern said. “But we cannot rush.” AP

Trading of China’s Evergrande shares in Hong Kong suspended

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ONG KONG—Shares in troubled real-estate developer China Evergrande Group and its property management unit Evergrande Property Services were suspended from trading in Hong Kong on Monday as investors awaited the next steps in the saga of its debt crisis.

C a i l i a n, a C h i nese on l i ne news service affiliated with the state-run newspaper Securities Times, said another developer, Hopson Development Holdings, was planning to acquire a majority share in Evergrande Property Services Group.

Hopson suspended trading of its shares in Hong Kong on Monday. The suspension was “pending the release of announcement[s] in

relation to a major transaction of the company under which the company agreed to acquire the shares of a company...listed on the stock exchange,” it said in a filing.

Hopson’s public relations department said the company would not comment on “market rumors.”

Evergrande Property Services said in its announcement to the Hong Kong exchange that its shares were suspended from trading pending an announcement related to a merger or takeover.

Phone calls to Evergrande’s PR office in Hong Kong rang unanswered and the company’s offices elsewhere in China were closed for a holiday.

Evergrande has been struggl ing to avoid defau lt ing on

billions of dollars of debt. The company owes billions to banks, customers and contractors and has been selling off assets to resolve its cash crunch.

Analysts say the Chinese government was reluctant to be seen as bailing Evergrande out at a time when authorities are pushing companies to reduce debt levels. A takeover of the company’s property management arm would be one step in restructuring it by splitting it into smaller entities, said Francis Lun, CEO of Geo Securities in Hong Kong.

The central government might ask local governments in turn to provide funding for Evergrande to finish its many incomplete projects so that they can be delivered

or sold to buyers, enabling the developer to pay its contractors, he said.

“As far as the Chinese government is concerned, this is the best way forward. And of course, in doing so, I think some creditors will be hurt, mostly overseas creditors,” Lun said.

Evergrande is one of China’s biggest private sector conglomerates, with more than 200,000 employees, 1,300 projects in 280 cities and assets of 2.3 trillion yuan ($350 billion). It owes creditors some 2 trillion yuan ($310 billion).

The company ran up billions of dollars in debt building apartment complexes, malls and office towers over the years. Its situation worsened after August 2020,

when Beijing tightened controls on financing for China’s 12 biggest developers, forcing them to reduce corporate debt loads that are seen as a threat to the economy.

Evergrande has been selling off various assets to try to alleviate the problem. Last week, it sold its $1.5-billion stake in Shengjing Bank to cover its debt to the state-owned lender based in northeastern China.

C hina Everg ra nde Group’s shares have lost more than 80 percent of their value this year and ratings agencies say it is at risk of defaulting on its debts.

Like Evergrande, Hopson, based in Guangdong adjacent to Hong Kong, is one of China’s biggest

property companies. Reports show it has a much lower debt to equity ratio than its larger rivals.

Jitters over a slowdown in China’s economy and potential turmoil in its vital property industry have rattled world markets in the past few weeks.

The fear is that a default by Evergrande could cascade throughout the Chinese economy and even world financial markets.

“I think the government is really close to a resolution over the Evergrande problem because it cannot drag on forever, it will hurt everybody involved,” Lum said.

Hong Kong’s benchmark Hang Seng index dropped 2.3 percent Monday on heavy selling of realestate companies and banks. AP

Sports

Italian wins muddy Paris-Roubaix

BusinessMirror

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| Tuesday, October 5, 2021 mirror_sports@yahoo.com.ph Editor: Jun Lomibao

PBA eyes return to Metro venue

By Josef Ramos

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HE Philippine Basketball Association (PBA) hopes to bring the Philippine Cup Finals back to Metro Manila, MARCIAL according to league commissioner Willie Marcial on Monday.

“We have a chance to return to Metro Manila so I am hoping at least in the finals. But I am still asking proper authority for the status of Metro Manila, but there’s a possibility,” Marcial told BusinessMirror. “And yes, it’s still at the Ynares Sports Arena in Pasig City.”

Marcial said the league has been in close coordination with the Inter-Agency Task Force for the Management of Emerging Infectious Diseases after Metro Manila went under Alert Level 4 protocols for the first two weeks of October.

The best-of-seven semifinals series between TNT Tropang Giga (1-0) and San Miguel Beer, and Magnolia (1-0) and Meralco that started last Sunday will remain at the Don Honorio Ventura State University gym in Bacolor, Pampanga.

The PBA suspended play last August 3 because of the rising Covid-19 cases in Metro Manila and moved to the bubble venue in Pampanga.

Marcial also said that they are eyeing to hold the second conference in mid-November but didn’t confirm if imports will be invited to beef up the teams.

“For now, let’s see if we can allow the import conference to happen. I am still talking to other agencies,” Marcial said. “

Lacsina, Nisperos shine as Rebisco targets 5th place in Thai tourney

ITALY’S Sonny Colbrelli (second from left) tows Belgium’s Florian Vermeersch (right), The Netherlands’s Mathieu van der Poel (left) and Italy’s Gianni Moscon (rear) in a muddy Paris Roubaix finish. AP

CALVIN WAXING HOT ALL WEEK

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NERGY, hustle, and toughness, qualities which Magnolia are looking for it decided to bring on board Calvin Abueva.

And so far, the Hotshots are reaping the fruits of their offseason gamble.

Abueva is living up to his moniker “The Beast” in the Philippine Basketball Association (PBA) Philippine Cup playoffs, steering Magnolia to a sweep of Rain or Shine in its best-of-three quarterfinals series, and then taking over down the stretch in Game 1 of its semifinals matchup with Meralco despite nursing foul trouble to prevail, 88-79.

Abueva’s heroic made him the hands down choice as Cignal PlayPBA Press Corps’ Player of the Week for the period September 29 to October 3.

During that stretch, the 33-year-old forward averaged 16.5 points and 13.0 rebounds, while shooting 52 percent from the floor.

Abueva was a dominant force in the Hotshots’

96-86 closeout win against the Elasto Painters in Game 2 of their series as he finished with 20 points and pulled down 19 rebounds.

Three days after, the leading candidate for the Best Player of the Conference award bucked foul trouble and engineered a 20-3 run going home as the Hotshots erased a six-point deficit to take an 83-72 lead with about three minutes left in their series opener against the Bolts. Abueva capped the telling run with a slam dunk as he scored seven of his total 13 output in the fourth quarter.

“Calvin adds toughness. The team’s system fits him right, that’s why he adjusted easily with the team,” said Coach Chito Victolero, who acquired Abueva in an offseason trade with Phoenix for guard Chris Banchero.

Besides Abueva, also considered for the weekly honor handed out by reporters regularly covering the PBA beat are Magnolia’s Paul Lee and Ian Sangalang and TnT Tropang Giga’s Roger Pogoy, Troy Rosario, and Jayson Castro.

DESPITE winning by a point, 89-88, over long-time rival San Miguel Beer last Sunday to take the semifinal opener, TNT Tropang Giga coach Chot Reyes remained wary of Game Two of their bestof-seven semifinals showdown especially with the absence of big man Kelly Williams.

“We are no match to San Miguel Beer’s depth, talent and experience.

You have to be in your superhuman effort to take down this powerhouse team,” Reyes told BusinessMirror.

“And maybe without Kelly for another week, we will have to find ways to compete.”

Williams, the 2007 Season Most Valuable Player, will be out because for days because of health and safety protocols.

Reyes and the Tropang Giga knew how tough and difficult facing the Beermen would be after losing to them, 67-83, in the eliminations last September 8.

But in the semifinals, TNT took a comfortable lead before San Miguel Beer made it a close game

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FAITH NISPEROS celebrates a point with her teammates.

Danbury Trashers A THEN 17-year-old AJ Galante becoming the president and general manager of his own hockey team— something out of a Disney movie but it ain’t no Disney film and AJ ain’t no Disney character.

It’s neither the fourth installment nor a reboot of Mighty Ducks. AJ Galante is a real person and his team’s story is both unique and incredible. Galante is the breakout star of the Netflix sports documentary Untold: Crime and Penalties.

That AJ let his creative juices flow and was out of the box with the team is an understatement. We had

OKYO Olympian Yuka Saso wound up tied for 19th place in the ShopRite Ladies Professional Golfers Association Classic which Celine Boutier won after she birdied two of her last three holes for a final round-under 63.

Saso closed out with a 69 and together with her 67 and 70 in the first two rounds, ended her campaign at seven under 206, the same score submitted by seven other golfers.

Saso started with an eagle in the third hole and birdied Nos. 8 and 14, but bogeyed the sixtth

rain and the weather.”

The race had been scheduled for April 11 but was postponed until October because of the coronavirus pandemic.

It is one of cycling’s five high-profile classics, along with the Tour of Flanders, Milan-San Remo, Liege-Bastogne-Liege and the Giro di Lombardia.

But it is known as the Queen of the Classics because it is the most prestigious of the five. The grueling and dangerous 258-kilometer trek is also known as the “Hell of the North,” because of its treacherous profile including more than 50 kilometers of cobblestones spread out over 29 sectors.

Three-time world road race champion Peter Sagan—who won the race in 2018—and Mads Pedersen were among the riders to crash in particularly bad conditions following heavy rainfall for several days in the Paris region.

“I was at the limit in the final,” Colbrelli said. “It was super difficult because I had to pay attention for the crashes from the first sectors and then there’s always the stress to be in position in the cobbles.” AP

Malditas guests in PSA Forum

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MAGNOLIA’S Calvin Abueva is named the week’s best player.

with Marcio Lassiter missing the winning shot.

TNT, armed with a twice-to-beat advantage as the No. 1 team with a 10-1 win-loss record, booted out No. 8 Barangay Ginebra San Miguel in the quarterfinals, 84-71.

With Josef Ramos

Saso 19th in ShopRite LPGA

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EAM Rebisco now looks forward to a modest fifth-place finish in the consolation phase following an 1125, 19-25, 18-25 loss on Monday to four-time Thailand League winner Nakhon Ratchasima Qminc VC where Ivy Lacsina and Faith Nisperos pulled off potent performances.

“We may have had some ups and downs, but we have a lot to improve on,” Nisperos said after the one-hour and 28-minute match.

“But I am so happy spiritually seeing how my teammates and I are really trying to fight.”

That was the third loss in as many matches for Rebisco, who refused to be bullied to the sides by an opponent that has played much longer together than the Filipinas’ two- to three-month training, no thanks to more rigid health protocols back home.

The consolation round is meant for teams who do not make the semifinals of the 21st Asian Women’s Club Volleyball Championship that the Thailand federation is hosting in Nakhon Ratchasima, which has since become one of the host’s sports hub since it hosted the 2007 Southeast Asian Games.

“We are really trying to apply what we have learned from Coach Jorge [Edson Souza de Brito],” said Nisperos, who rifled in eight of 11 spikes, made five blocks and a team-best nine points to compliment the six kills from Nisperos who entered match as a substitute in the second set.

“This is a learning experience for us, and for sure we can take all the lessons from here moving forward,” added Nisperos, who made 14 points on attacks at the Terminal 1 competition hall bubble.

Despite the defeat, Brito praised his wards for showing nigh fighting hearts.

“Even when they didn’t play well in the first set, they picked their game up in the second and third set,” Brito said. “This is really important...inside the match, you are always going for improvement.”

“For sure, we will be really preparing for the next match and do our best always,” added Brito, a member of the Brazilian team that won the men’s gold medal in the Barcelona 1992 Olympics.

Rebisco will play in Wednesday’s classification round against the loser of the quarterfinals duel between Choco Mucho and Supreme Chonburi of Thailand.

Rebisco’s participation, as well as that of Choco Mucho, in the championships are supported by the Philippine Sports Commission, Rebisco, Taguig City and Asics.

COACH CHOT WARY OF SMB

OUBAIX, France—Italian rider Sonny Colbrelli won a rainy and mud-soaked Paris-Roubaix cycling race on his debut Sunday.

The 31-year-old Bahrain Victorious rider crossed the finish line ahead of Florian Vermeersch of Belgium (Lotto Soudal) and Dutchman Mathieu van der Poel (Alpecin-Fenix).

He caught them in a threeway sprint at the Roubaix velodrome and all the riders were caked in dirt from head to toe.

Colbrelli collapsed to the ground and was in tears after his victory.

“Unbelievable, my first Parigi [Paris]Roubaix and I win. I’m very happy,” Colbrelli said. “Today is a legendary Roubaix with the

and 15th holes.

The other Filipinos—Bianca Pagdanganan and Dottie Ardina— finished in a tie for 27th and 44th, respectively. Pagdanganan had a 68 for 207 and Ardina also carded a 68 for 209.

Saso banked $18,615 (P945,000), Pagdanganan earned $13,930 (P707,000) and Ardina $7,123 (P361,000).

Boutier prevailed when South Korea’s best two players faltered down the stretch at Seaview in Galloway, New Jersey.

Starting the final round five

a conversation with the former Trashers chief last weekend where he narrated how he signed up the players, the lessons and takeaways from the two seasons with the Trashers, the other gimmicks he should’ve tried and to create a “family” atmosphere at the games.

The Trashers were a “physical” team and that’s putting it mildly. They made the Philadelphia Flyers of the 70s and the Detroit Pistons Bad Boys of late 80s look like choir boys.

Every game was like either a WWF match or an episode of UFC’s “The Ultimate Fighter.” I was surprised there were no extra-curricular activities among the players during practices.

AJ wouldn’t change a thing if he had to do it all over again. Would things have been different if he were a little bit older when he got the team? Maybe, but I guess we’ll never know.

The Trashers got to the playoffs in their two years of existence, reaching the finals in their second and last year, losing to the Kalamazoo Wings. They would’ve won the title in their third season if it happened.

We brought up a few gimmick suggestions for Mr. Galante, one was to have one of the fans from Section 102 lace ‘em up then put on some Trasher threads then start a few fights once the puck falls on the ice.

Another one was to have a WWF professional wrestler put on some skates and the uniform then away he goes with his hands landing on an opposing player’s face.

HE Philippine women’s football team that qualified for next year’s Asian Football Confederation Women’s Asian Cup headlines the online edition of the Philippine Sportswriters Association Forum on Tuesday.

Head Coach Marlon Maro, Assistant Coach Rose Ton Barinan and team captain Inna Palacios are appearing in the 11 a.m. session to talk about their preparation for the January 20 to February 6 event to be held in India—where the top five teams will advance to the 2023 Fifa Women’s World Cup. The Malditas clinched a berth in the Asian Cup for the second straight year after topping Group F of the recent qualifiers held in Tashkent, Uzbekistan.

The weekly public sports program is presented by San Miguel Corp., Milo, Amelie Hotel Manila, Braska Restaurant and the Philippine Amusement and Gaming Corp.

PSA President Rey Lachica of Tempo enjoins members to attend the Forum through the PSA Facebook page fb.com/PhilippineSportswritersAssociation which is livestreaming the session, and also being shared by Radyo Pilipinas 2 facebook page.

shots behind, Boutier ran off six birdies on the front nine of the windy Bayside Course at Seaview to join a growing list of contenders.

The 27-year-old from France holed a 12-foot birdie putt on No. 16 and then birdied the par-five 18th from five feet to set the target at 14-under 199.

Jin Young Ko and Inbee Park, who shared the lead going into the final round, couldn’t catch her.

Ko, going for her third win in her last five starts on the LPGA Tour, appeared to be in control until she started missing putts from the 10-foot range.

Boutier won $262,500 for the victory. With AP

A brilliant marketing and public relations ploy by the youthful former team executive was to hire Brent Gretzky. If the last name sounds familiar, it is because Brent is the brother of arguably the greatest National Hockey League player ever, Wayne Gretzky.

AJ never got to talk to the “Great One” but if working with his brother is the closest you’ll ever get to an ice hockey icon, I’ll take it.

These days, AJ manages and promotes his boxers, most of whom are contenders in their respective weight divisions. He’s been in boxing since 2011, we obviously saw his passion, enthusiasm and fervor for the sweet science and I don’t see it wane anytime soon.

Before the interview, my impression and sense of the man was that he is street-smart and will work his hardest to where he wants to be in life. He won’t let his kids get into boxing unless for either exercise or recreation but, he will allow them to take up hockey.

As proof of how passionate and down to earth this guy is about his sport and his Trashers then, even as president and GM, the former high school hockey player would wear those threads and put the skates on and start throwing punches to get things started.

If you’re an opposing team then, the movie Remember the Titans would have a sequel and that would be, “Remember the Trashers,” the bad boys of hockey.