BusinessMirror
GOVT DEBT PAYMENTS
TBy Reine Juvierre Alberto
T he bulk of the settlements for loan principal went to domestic
billion from January to July 2024 from P346.008 billion.
O f this, P323.360 billion in interest payments went to domestic creditors. Majority of this was allocated to
PHL TOLD TO CRAFT PLAN FOR DECARBONIZING STEEL SECTOR
By Andrea E. San Juan @andreasanjuan
THE International Finance Corp. (IFC) is urging the Philippines, a major importer of steel, to put in place a “comprehensive action plan” across the value chain amid plans to decarbonize the steel sector.
At a recent forum, Jean-Marc Arbogast, IFC’s Country Manager for the Philippines, said that as steel is an essential input for various sectors and a “major” greenhouse gas emitter, there should be comprehensive action across the value chain.
DBy Cai U. Ordinario @caiordinario
EBTS incurred by the national government and banks led to a double-digit increase in the country’s total external debt in January to June, according to the Bangko Sentral ng Pilipinas (BSP).
T he data showed the country’s external debt rose by 10.4 percent to $130.182 billion in the sixmonth period, from last year’s $117.918 billion.
B SP said the increase was mainly
driven by net availments of $10.36 billion, of which $5.83 billion were borrowings by private sector entities, largely by banks. The net acquisition of Philippine debt securities by non-residents of $2.04 billion and prior years’ adjustments of $1.22 billion further contributed to the increase in debt stock,” the BSP added. The BSP also said the end-June external debt data was also higher than by $1.49 billion or 1.2 percent
C orazon Halili-Dichosa, BOI Executive Director for Industry Development Services, said the BOI is working closely with the local steel industry to come up with measures that would convince firms to decarbonize their processes.
“ It is essential to understand the ecosystem that will motivate decarbonization. Aside from incentives, we need to know
“Opportunities lie in strategic partnerships and investments in new technology,” Arbogast said in his remarks, adding that he expects the steel sector to expand in the coming decades in response to the increasing demands of urbanization and development.
See “PHL,” A2
IBy Ada Pelonia
MPORTED rice that arrived in the Philippines reached nearly 3 million metric tons (MMT) as of September 5, data from the Bureau of Plant Industry (BPI) showed.
F igures from the attached agency of the Department of Agriculture indicated that total imports from January 1 to September 5 reached 2.9 MMT. O ver 2.26 MMT of rice
shipments came from Vietnam, which maintained the top spot as the country’s source of imported rice. This was followed by Thailand which accounted for 383,230.74 metric tons (MT).
B PI data showed that the Philippines also imported rice from other countries like Pakistan (156,244.48 MT), Myanmar (67,315 MT), and India (21,910.54 MT).
D. EDGARD A. CABANGON, Chairman of the ALC Group of Companies, was honored at the 3rd Impact Awards, organized by the OFW Party List in partnership with the Buhay-OFW Foundation Inc. The ceremony, held on September 5, 2024 at the Marriott Hotel in Pasay City recognized individuals and organizations that have made significant contributions to the welfare of Overseas Filipino Workers (OFWs) and their families.
C abangon was acknowledged with Impact Award for Pioneer in Media Excellence for his efforts in supporting the OFW community, particularly through the ALC Media Group, which includes Aliw Channel 23, DWIZ 882AM, 97.9 Home Radio, BusinessMirror , PilipinoMirror, and the Philippines Graphic. Through these media platforms, the ALC Media Group has helped raise awareness on
critical OFW issues and provided valuable information to support the sector.
I n an interview, Cabangon expressed his gratitude to OFW Party List Representative Marissa “Del Mar” Magsino and the award-giving committee for recognizing the contributions of the ALC Group of Companies. “I am deeply honored and thankful for this recognition. I offer this award to the entire ALC Group, our employees, whose dedication and commitment made this possible. I would like to share that I was once an OFW myself. I worked as a gasoline boy and managed two Arco Gasoline Stations with convenience stores located in West Covina and San Gabriel, California, in United States for 4 years, from 1986 to 1990. Inspired from this significant experience, rest assured that we will continue to serve and champion the welfare of the Filipino people, especially our OFWs who sacrifice so much for our country,” Cabangon remarked.
A longside Cabangon were other awardees, including Department of Information and Communications Technology (DICT) Secretary Ivan John Uy, Public Attorney’s Office (PAO) Chief Persida Rueda Acosta, Chief Operating Officer of the Tourism Infrastructure and Enterprise Zone Authority Mark Lapid, OWWA Administrator Arnel Ignacio, Department of Migrant Workers (DMW) Secretary Hans Leo Cacdac, and COMELEC Chairman George Garcia, among others.
Senate begs off from commenting on PhilHealth unused funds issue
By Joel R. San Juan @jrsanjuan1573
THE Senate has distanced itself on the legal controversies involving the constitutionality of Malacañang’s directive to transfer the unutilized funds the Philippine Health Insurance Corporation (PhilHealth) back to the national treasury amounting to P89.9 billion.
I n a manifestation submitted to the Supreme Court (SC), Senate President Francis “Chiz” Escudero through the Office of the Solicitor General (OSG), begged off from complying with the order to submit a comment on the consoli -
dated petitions questioning the constitutionality of Department of Finance (DOF) Circular 003204 and Section 1(d) of XLIII of Republic Act 11975 or the 2024 General Appropriations Act on Unprogrammed Appropriations.
The assailed DOF Circular directs the transfer of unused subsidies from government-owned andcontrolled corporations (GOCCs), specifically PhilHealth amounting to P89.9 billion, to the national treasury to bolster the government’s unprogrammed appropriations.
I t was issued in line with Section 1(d) of XLIII of the GAA 2024, which the petitioners said was an “inserted” provision on unprogrammed appropriations.
The Senate explained that the issues raised in the petitions fall under the jurisdiction of judicial and executive branches.
T hus, it submitted the manifestation in lieu of the comment being required by the SC.
“ Hence, it is the humble submission of the Senate that the crux of the matter involves the interpretation and implementation of the questioned provision that falls under the jurisdiction of the Judicial and Executive branches of the government, respectively,” the Senate said.
The Senate, along with the House of Representatives represented Speaker Martin Romualdez, Finance Secretary Ralph Recto, Executive
and issued 6,637 sanitary and phytosanitary import clearances (SPSICs) which covered the importation of 6.83 MMT of rice.
Secretary Lucas Bersamin and PhilHealth president Emmanuel Ledesma Jr., have been named as respondents in the petitions filed by Senator Aquilino Pimentel III et al and Bayan Muna et al.
T he two petitions have been consolidated by the SC and were set for oral arguments on January 14, 2025.
Finally, the undersigned counsel most respectfully manifests the position of respondent Senate as represented by the Senate President, Hon. Francis “Chiz” Escudero, to submit to the Honorable Court’s discretion to decide on the instant petition in accordance with law and prevailing jurisprudence,” the manifestation read.
government is still expecting a reduction in the price of rice. He noted that retail prices of the price are declining.
R ice imports started to pick up after shipments in July slowed to 167,403.84 MT following the implementation of Executive Order (EO) 62 which lowered the tariffs to 15 percent and took effect on July 7.
R ice arrivals in August reached 361,724.20 MT. This was lower than the average shipments from the first semester at 390,065.93 MT.
Me anwhile, BPI data showed that BLY Agri Venture Trading led the 154 rice importers with a total volume of 200,946.99 MT.
O rison Free Enterprise Inc. trailed behind at 166,095.45 MT followed by Macman Rice and Corn Trading at 135,163.30 MT.
Data from the attached agency of the DA also showed that it approved
R ice importers should secure an SPSIC from the BPI before bringing in foreign rice stocks.
A n SPSIC would certify that an inbound shipment is safe for human and animal consumption and would not bring in any pests that could be detrimental to the local agriculture sector.
E arlier, Agriculture Assistant Secretary Arnel de Mesa said the
from the $128.69 billion level as of end-March 2024.
The central bank said the increase was mainly driven by the $2.61 billion raised by the national government from the $2 billion Dual Tranche Fixed Rate Global Bonds under its Sustainable Finance Framework and the $611.81 million borrowings from official creditors.
Prior periods’ adjustments of $493.28 million due to late reporting/ registration by borrowers as well as net acquisitions of Philippine debt securities by non-residents from residents aggregating $238.8 million also contributed to the rise in the debt level,” BSP said.
Despite the increase in the debt stock, the external debt ratio—EDT expressed as a percentage of gross domestic product—remains at a prudent level, slightly improving to 28.9 percent from 29 percent last quarter,” it also said.
The BSP said the increase in debt stock was dampened by foreign exchange revaluation of borrowings denominated in other currencies. This was largely due to the US dollar appreciation.
O n a year-on-year basis, the
The prevailing price of imported well-milled rice in selected Metro Manila markets reached P48.5 per kilogram while regular milled stood at P42 per kg as of September 13, based on the DA’s price monitoring.
For local well-milled rice, the DA’s monitoring showed that the prevailing price was P50 per kilogram while regular milled reached P48 per kg.
negative foreign exchange revaluation of borrowings denominated in other currencies amounted to $1.36 billion and tempered the rise in the debt level over the 12-month period.
M eanwhile, majority of the country’s debt stock consisted of medium to long term (MLT) debts accounting for 79 percent or $102.79 billion of the total while short-term (ST) debts comprised 21 percent or only $27.39 billion.
Of the MLT accounts, BSP said some $61.73 billion or 55 percent of the total have fixed interest rates while $49.11 billion or 43.7 percent carry variable rates and $1.44 billion or 1.3 percent are non-interest bearing.
Fu rther, the data showed the country’s public sector external debt grew by $922.95 million or 1.2 percent to $79.83 billion in the second quarter of 2024 from the $78.9 billion level in the first quarter of 2024. Private sector debt, BSP said, rose to $50.36 billion at the end of the second quarter of 2024.
P ublic sector debt accounted for 61.3 percent of the country’s external debt while the private sector debt accounted for 38.7 percent of the total during the period.
M ajor creditor countries were
debt instruments. For this year, the government will borrow P2.570 trillion, following a 75:25 borrowing mix in favor of domestic sources. Borrowings from the domestic debt market are pegged at P1.927 trillion while P642 billion will be loaned from foreign sources. The state’s debt servicing program for the year is set at P1.911 trillion, with P1.241 trillion allocated to amortization and P670.471 billion to interest payments.
Japan which accounted for $14.25 billion followed by the Netherlands at $4.31 billion; and the United Kingdom, $4.17 billion. L oans from official sources had the largest share at $50.14 billion or 38.5 percent of the total. This included loans from multilateral development banks worth $34.73 billion and bilateral creditors at $15.41 billion. T his followed by borrowings in the form of bonds/notes amounting to $43.38 billion or 33.3 percent of the total external debt and obligations to foreign banks and other financial institutions at $29.11 billion or 22.4 percent.
B SP data showed that the rest $7.56 billion or 5.8 percent were owed to other creditors composed mainly of suppliers and exporters. Meanwhile, in terms of currency mix, BSP said the country’s debt stock remained largely denominated in United States dollars amounting $100.19 billion or 77 percent of total and Japanese yen, $10.02 billion or 7.7 percent of total. T he rest amounting to $19.97 billion or 15.3 percent pertained to 17 other currencies, including the Philippine peso at $9.81 billion or 7.5 percent of the total; the Euro, $5.57 billion or 4.3 percent; and Special Drawing Rights, $3.74 billion or 2.9 percent.
the policies and other measures that would encourage companies to decarbonize their processes while their operations remain competitive and viable,” Halili-Dichosa said.
S he also said there is a need to adopt a “comprehensive approach” and to focus on the entire supply chain.
We need to consider the whole system rather than examining each component of the steel industry,” she added.
I n a statement issued over the weekend, the investment promotion agency attached to the Department of Trade and Industry said technical experts at the forum provided insights on decarbonizing the sector. The agency said low-carbon products open up new business and market opportunities.
“A holistic approach, including legislative action and financing, was highlighted as essential for advancing decarbonization efforts in the Philippines,” the BOI noted.
For his part, Sagar Siva Shankar, IFC Operations Officer, said the discussion on decarbonization strategies for the steel industry is just the “first of many engagements” that IFC will have with the Philippine private sector and government to advance decarbonization in the country.
D eemed as the world’s largest development institution focused on private sector growth in emerging markets, the BOI noted that IFC spearheaded the said forum to encourage collaboration between government and industry stakeholders.
The event provided a platform for discussing decarbonization strategies and unlocking new business opportunities, with special attention to the critical role of government in this transition—through regulations, green procurement policies, and carbon markets,” the BOI said.
For his part, BOI Managing Head and Trade Undersecretary Ceferino
S. Rodolfo said decarbonization is a “critical element” in the country’s sustainability goals. I n line with this, Rodolfo highlighted the “success” of the BOI’s Green Lane initiative, a measure that aims to streamline, simplify and automate the permit and license application processes for strategic investments, such as energy projects. T his was established through Executive Order No. 18 which was approved by the Office of the President on February 24, 2023. R odolfo pointed out that this initiative has “actively supported” renewable energy projects since the measure’s inception.
A s of August 2024, there are now 115 projects approved under the Green Lane, amounting to P3.204 trillion, of which 103 are renewable energy (RE) projects. Further, the investment promotion agency said it is on track to securing a “record amount” of investment pledges for 2024, with the RE sector leading the way.
“ This sector is playing a transformative role in addressing competitive challenges, such as those related to power supply,” BOI noted.
In celebration of the 75th anniversary of the founding of the People’s Republic of China
SPOTLIGHT ON CHINA’S CULTURAL TAPESTRY
AS all eyes were riveted on Olympians vying for medals in Paris on July 27, jubilation and applause rippled through the meeting hall in New Dehli, where UNESCO World Heritage Committee proclaimed new inscribed properties at its ongoing 46th session, the Beijing Central Axis included. To China, whose world heritages now reach 59 though, this adoption actually means more. It represents not just a popular recognition of traditional Chinese culture worldwide but also another milestone on the path towards building national cultural confidence and strength. Under the leadership of President Xi Jinping, China has been making
cording to the China Internet Development Report 2023. Informatively, official figures suggest that China’s cultural industries experienced a gradual recovery and significant pickup over the two years to 2023, generating a stable gain in terms of overall industry revenue, roughly reaching 13 trillion yuan from 11.9 trillion yuan in 2021. Among them, digital cultural industries saw a slightly higher share in the overall industry revenue, up from 33.3% to 40.5%, because their annual revenue climbed to 5.2 trillion yuan from 3.9 trillion yuan previously, with a considerable contribution of about 70.9% to the growth rate of the overall industry revenue. More importantly, it
solid headway in becoming a powerhouse of culture, with a rich tapestry of accomplishments noteworthy. From invigorating cultural industries and establishments at home, and raising awareness of Chinese culture abroad, to bolstering people-to-people ties with countries including the Philippines, China ratchets up efforts from across the cultural spectrum to promote soft power. Here follows a screen grab of them in this regard.
MORE DIGITAL
Challenged by today’s revolutionary digital world, China has navigated its course in a proactive and strategic manner, and through leveraging the potential of its leading IT and policy incentives, is pushing on the fast track the implementation of the country’s national digital strategies across the cultural sector. Under the circumstance, digital cultural industries, referred to as “New Cultural Format” in China, are growing rapidly and profitably. They have claimed their share in creating a robust digital economy, and are now arguably a “new engine” of growth for China’s consumer spending, ac-
is expected that digital cultural industries will likely provide fresh impetus to the development of China’s cultural industries, judging from the latest data that their revenue have just hit about 2.7 trillion yuan as of the first half of this year 2024, accounting for 41.6% and contributing 60.5% to the growth rate of the overall industry revenue now yielding about 6.5 trillion yuan.
MORE PRODIGIOUS
There have been a profusion of influential and outstanding literary and artistic creations in China over the years, whose topics relate to the vibrancy of Chinese culture and social changes in contemporary China, which are demonstrated in the forms of TV series, movie, theater, etc. Among these include A Lifelong Journey, Minning Town, To the Wonder; The Battle at Lake Changjin, The Wandering Earth, Chang An; and The Journey of a Legendary Landscape Painting, The Radio Wave that Never Dies. In 2023, China saw about 156 new TV dramas produced and released altogether, totaling over 4,600 episodes, and about 210,000 TV dramas aired
as well; a total of 971 films were produced nationwide, among them 792 feature films, and the mainland’s box office reached roughly 55 billion yuan, with admissions of 1.3 billion; about 1993 original repertoires and 3805 original programs were premiered respectively, and domestic performing arts troupes amounted to 18,000 in quantity, totaling 2.54 million shows, with admissions of about 900 million and a revenue topping 20.7 billion yuan.
cultural spaces. Likewise, China has enabled nearly 200,000 rural bookstores to have access to digital reading services, and put into operation wellfunctioning cultural stations in villages and communities as sub-centers for public cultural services. Notably, all public libraries, art galleries and cultural centers, as well as about 90% of public museums in China are accessible for free; bookstores and cultural stations dotted around the country-
MORE ACCESSIBLE
China continues ameliorating cultural service facilities for the public, with a focus on key cultural projects, so as to help not only benefit more people but also narrow the gap between urban and rural areas. At present, a modern, nationwide system of public cultural service facilities covering both urban and rural areas while ensuring fairness and efficiency in services are taking shape. Until now, China has already set up 3,300 public libraries, 10,000 cultural centers & museums across the country, along with 12,000 cinemas based in townships and villages, and 33,500 new public
side and the towns are now playing a critical role in the implementation of cultural programs for public benefits; and by setting up the online platforms of cultural services, such as national public culture cloud platform, digital libraries, and the “Museum in the Cloud”, China has made it possible for people both in urban and rural areas to share the beauty of culture.
MORE POPULAR
Online literature, video games, and film & TV works have developed into the “troika” of Chinese culture going overseas, increasingly attracting attention from lovers around the world. Back in 2022, there were 16 Chinese
online novels added to the collection of the British Library the first time, including My Heroic Husband, Up in the Heaven, The Era of the Earth; then, amid the wave of Chinese TV dramas going abroad, a string of smash hits at home has also gained popularity overseas, such as Joy of Life, The Longest Day in Chang’an and Empresses in the Palace, which can now be aired with English subtitles on streaming platform YouTube and Viu, etc.; and Chinese video games continue causing a stir at the international arena. For instance, Black Myth: Wukong, a newly-launched video game inspired by the story of the Monkey King, has topped PC gaming platform Steam’s chart by a large margin, sparking widespread discussions on its cultural implications. According to the latest data, the overseas market value of Chinese online literature has surpassed 4 billion yuan, with about 620,000 original works created on its international platforms, where active subscribers hit about 230 million; the export value of Chinese TV dramas was as high as 82.74 million US dollars; and the overseas revenue of China’s independently-developed games had risen to 16.4 billion US dollars in 2023, exceeding 100 billion yuan for 4 consecutive years.
MORE CONNECTED
Since President Xi Jinping proposed the Global Civilization Initiative in March 2023, China has urged efforts to promote inter-civilization exchanges and mutual learning, and advance the progress of human civilizations. The country has been expanding its visafree “circles of friends”, and also implemented the policy of 72/144 hours of visa-free transit, triggering a greater flow of people between China and the outside world, and a “China Travel” boom globally. Particularly, recent years have witnessed more cultural exchanges between China and the Philippines. The Chinese Cultural Courier @ the Philippines, a brand platform initiated by the Chinese Embassy, has gained ground in the Philippines, and until now successfully organized about 10 amazing activities, which showcased the attractiveness of traditional Chinese culture, while receiving much attention from local mainstream media and governmental bodies including NCCA; China Film Festival, held for two consecutive years, has expanded its presence from the NCR, and Laguna Province to Pampanga Province, enabling more locals to be exposed to the image of modern China. Among others, the China-Philippines Dragon Boat Competition, the China-Philippine Traditional Cultural Festival, and the World Minnan Cultural Festival, both influential and engaging, all help Filipinos get a different perspective of looking at China.
Scenes from Chinese dance drama, Poetic Dance: The Journey of a Legendary Landscape Painting.
Chinese Ambassador HUANG Xilian handing over the Erhu, traditional Chinese instrument, to NCCA Executive Director
Oscar Casaysay at the Chinese Cultural Courier @ the Philippines (Philippines-China Cultural Festival) in October, 2023.
Two women having a chat while doing physical exercises at a senior care center in Xuhui district of Shanghai, East China, Oct 13, 2021.
People attend the 20th China (Shenzhen) International Cultural Industries Fair (ICIF) in Shenzhen, Guangdong Province, May 23, China.
A bird’s-eye view of the Beijing Central Axis.
A4
Monday, September 16, 2024
‘Guo’s Pogo caper exposed serious breach to institutions, natl security’
By Butch Fernandez @butchfBM
FORMER senator on Sun -
Aday said serious risks to the country’s institutions and security, notably the prostituted segments of the Philippine official documents system, that in turn can allow aliens or criminal syndicates to control key positions through elections were exposed in the Alice Guo Pogo (Philippine Overseas Gaming Operations) case.
Former Sen. Panfilo Lacson shared this insight at the weekend in an interview with Cely Ortega Bueno on dwIZ’s “Usapang Senado.”
Asked about dismissed Bamban, Tarlac, mayor Alice Guo, whose claimed Filipino citizenship was unravelled by an NBI report showing she shared the same fingerprints as Chinese national Guo
Hua Ping, Lacson noted that as this case showed, “it’s hard for just one person to pull that off.”
He meant getting a fake Filipino birth certificate through a sham process of “late birth registration,” and then setting up businesses while laundering money for wanted criminal figures from other countries, and eventually seeking and winning elections as a pseudo Filipino.
“Try going to China or any foreign country and start investing in business and politics—not even for mayor, but for, say, village chairman, and let’s see if we can pull it off. That’s hard to carry out without the help of people who are in influential positions or are good at faking documents,” Lacson said, partly in Filipino. He said this is the classic network needed for a spy, because “you can pull off something that an ordinary person cannot.”
He conceded that it has become easy to pull off documents fraud because many locals are easy to corrupt.
“That’s another major concern. It exposed the weakness or vulnerabilities of our agencies tasked to. safeguard the integrity of records,” he added.
It means, he said that if this were a test case for embedding a spy or a criminal, “it showed how easy it is to manipulate our key agencies tasked to safeguard records. We all know that many Chinese nationals were able to secure passports, and investigation showed at least 200 were able to do so.”
Besides the passport system, the Pogo-Alice Guo case showed the Philippine Statistics Authority has a problem with its national ID system. “It may very well be that our PhilSys, national ID, has also been compromised, as identity theft has been reported.”
He noted with concern that the contractor for the National ID was also
Another Coast Guard vessel to watch over Escoda Shoal
EBy Samuel P. Medenilla
@sam_medenilla
SCODA Shoal will be guard -
ed by another Coast Guard (PCG) ship after BRP Teresa Magbanua returned to its homeport for repairs during the weekend after being damaged by the Chinese Coast Guard (CCG) vessel last month, the National Maritime Council (NMC) said.
“The PCG ship was directed to be within the vicinity of the shoal since yesterday [September 14], weather permitting,”NMC spokesman Alexander Lopez told reporters in a Viber message.
He did not disclose the name of the new PCG ship, which replaced BRP Teresa Magbunua in monitoring and documenting Chinese activities, which could lead to the degradation of Escoda Shoal.
“Our presence will be sustained and we will keep on monitoring and documenting any illegal activities from the other side for our strategic purpose,” Lopez said.
He also stressed the unilateral move is based on “operational factors” and is not in compliance with China’s demand.
China has been calling for the removal of BRP Teresa Magbanua near Escoda Shoal, which it claims to be part of its territory.
Lesson learned THE measure, he said, aims to prevent a similar incident in 2012, wherein China erected barriers in Scarborough Shoal after the country withdrew its forces from the area. The incident has led to the harassment of Filipino fishermen, who attempted to access the area.
“Scarborough Shoal is a lesson learned for us, so again our... the government, resolved we will maintain our presence in whatever way, and we will continue to monitor and enforce our rights, exercise our rights, sovereign rights, sovereignty and jurisdiction over the area,” Lopez said.
The Hague-based Permanent Court of Arbitration (PCA) has classified Scarborough Shoal as a traditional fishing area, which can be accessed by fishermen from the Philippines, China, Taiwan, and Vietnam.
Last Sunday, NMC Chairman and Executive Secretary Lucas P. Bersamin confirmed BRP Teresa Magbanua left Escoda Shoal to undergo repairs and to allow its crew to rest and receive medical attention.
Bersamin lauded the crew of BRP Teresa Magbanua for successfully fulfilling its more than five months of sentinel duties in Escoda Shoal.
“During her deployment at Escoda Shoal, she challenged an encirclement by a larger flotilla of intruders, battled inclement weather, with her crew surviving on diminished daily provisions,” he said.
Lopez said BRP Teresa Magbanua left its position near Escoda Shoal on Saturday afternoon.
Timeline BRP Teresa Magbanua was deployed to Escoda Shoal, a coral reef formation located only 70 nautical miles from Palawan, last April in response to reports that China may be attempting to initiate reclamation in the area.
On August 31, a CCG vessel intentionally rammed BRP Teresa Magbanua three times.
No one was hurt from the incident, but it prompted the Department of Foreign Affairs (DFA) to consider filing another arbitral case against China.
China continues to assert its control over Escoda Shoal, which is located within the Philippine Exclusive Economic Zone citing its historical claims on the said area.
The 2016 Arbitral Ruling, however, has invalidated the historical claims of China in the South China Sea through its nine-dash line map.
recently fired by the central bank for failure to comply with deliverables.
Lacson, a retired four-star general and former chief of the National Police before getting elected senator, had championed the bill mandating a National ID system, so his disappointment was palpable.
Meanwhile, he said the latest Senate hearings after Guo was arrested in Indonesia and returned to Manila showed “she is very smart, you can hardly squeeze anything from her.”
He watched the replay of the hearing and observed that “she was so adamant and consistent in her replies even though senators repeatedly confronted her with evidence of her fake nationality and identity.”
He noted, “that is the trait of a trained and smart spy.” He qualified this by saying he is not concluding yet that Guo is a spy, but urged senators to check deeper into her identity. “Who is
her father. Does he have a connection with the Chinese Communist Party or how high up is that connection?”
He continued: “All of that is part of what we call a complete background investigation. I’m assuming our intelligence agencies are doing that and perhaps they are not announcing anything yet.”
Meanwhile, Lacson could not commit on whether the well-connected trader-acquaintance he reported on recently would be willing to attend a Senate hearing to elaborate on his claim that Guo offered P1 billion for help to resolve all her legal problems.
The offer was apparently made sometime in July, or just before Guo was reported to have fled to Malaysia, and eventually Indonesia. “The offer was P1 billion for help to remove all her legal problems.”
Lacson said his trader-friend is out of the country right now.
PCG fetes ‘Magbanua’
By Rex Anthony Naval
AS it pulled out from Escoda Shoal after more than five months of deployment, the Coast Guard (PCG) on Sunday commended the officers and crew of the BRP Teresa Magbanua (MRRV-9701) for their efforts in countering illegal activities that threaten the maritime environment in that part of the West Philippine Sea (WPS).
“Their steadfast presence has played a crucial role in countering illegal activities that threaten our marine environment and thwarting attempts by other state actors to engage in surreptitious reclamation in the area,” the PCG’s spokesman for the WPS, Commo. Jay Tarriela, said in a statement.
He added that the ship was “compelled to return to port” owing to unfavorable weather conditions and depleted supplies of daily necessities.
This was highlighted by the need to evacuate PCG personnel requiring medical care.
“This has been further complicated by the structural damage to the vessel resulting from the deliberate ramming by the China Coast Guard on August 31, 2024,” Tarriela said.
Despite this development, Tarriela said the PCG acknowledges the unwavering patriotism, unshakeable bravery, dedication, and unparalleled professionalism of the personnel aboard BRP Teresa
Villanueva told: Observe
TWO lawmakers have urged Senator Joel Villanueva to respect interparliamentary boundaries and avoid interfering in matters exclusively within the jurisdiction of the House of Representatives, particularly its decision to cut nearly P1.3 billion from the 2025 proposed budget of the Office of the Vice President (OVP).
Deputy Majority Leader Jude Acidre and Assistant Majority Leader Jil Bongalon both expressed disapproval of Villanueva’s public criticism of the House Committee on Appropriations’ move to reduce Vice President Sara Duterte’s budget to P733 million after concerns raised by lawmakers were left unaddressed.
Acidre underscored the need for maintaining proper focus during the ongoing budget debates, saying Villanueva should just “concentrate on fortifying his arguments on the Senate floor, where the real discussions on the national budget will take place.”
“Rather than casting aspersions on the House for fulfilling its sworn duty, Senator
Villanueva should just allow us to craft the budget on our own terms and in the way we see fit. This will eventually reach the Senate, where he can express his opinions,” Acidre said.
He further cautioned Villanueva that making early public statements against the House’s decision could be perceived as an inability to defend his stance before his fellow senators. “It doesn’t look good, and we ask the senator to refrain from making media statements,” he added.
Acidre noted that budget deliberations are central to the responsibilities of both chambers of Congress, stressing that the House has always exercised diligence in scrutinizing every aspect of the budget.
“It’s ironic that Senator Villanueva criticizes the House for its handling of the OVP budget while failing to acknowledge that the Senate is also reviewing the same budget, including sensitive items,” Acidre added.
Villanueva recently criticized the House of Representatives for cutting the OVP’s
Problems may await Dutertes, dela Rosa for statements on Quiboloy–solons
By Jovee Marie N. dela Cruz @joveemarie
THREE more lawmakers have expressed their belief that former President Rodrigo Duterte, Vice President Sara Duterte, and Sen. Ronald dela Rosa, among others, could face legal consequences for allegedly protecting and obstructing the arrest of Apollo Quiboloy when he was still in hiding.
In a statement, 1Rider Rep. Rodge Gutierrez, House Deputy Majority Leader Jude Acidre, and House Assistant Majority Leader Paolo Ortega V suggested that the trio played a significant role in hiding the leader of the Kingdom of Jesus Christ (KOJC) from authorities for several months.
“The way that we see it, if indeed it is true that they have prior knowledge on his whereabouts, and then they intentionally hid him, there will be criminal liabilities for that,” said Gutierrez, a lawyer, specifically mentioning harboring a fugitive and obstruction of justice.
crew
Magbanua, as they carried out and performed their mission in Escoda Shoal even in dangerous and adverse operational conditions.
“The PCG is firmly committed and determined in protecting the Philippines’ sovereignty, sovereign rights, and jurisdiction in the WPS, including in Escoda Shoal that lies well within the Philippines’ Exclusive Economic Zone, in accordance with the United Nations Convention on the Law of the Sea and the 2016 Arbitral Award,” the PCG official said
Senate Majority Leader Francis Tolentino meanwhile on Saturday urged the 107,000-strong military reservists of the different services of the military to play an active role in defending and safeguarding the Philippines’ sovereignty amid political tensions and challenges in the West Philippine Sea.
Addressing reservists during the celebration of the 45th Reservist Week at Camp General Emilio Aguinaldo, Quezon City, Tolentino emphasized the “importance of a robust and ready reserve that cannot be overstated” as the country’s role in the Indo-Pacific becomes “strategic” in the “complex security environment.”
Tolentino, an active member of the country’s military reserve force—with the rank of brigadier general—lauded the reservists’ roles as professionals building the nation, as well as defenders and humanitarian responders.
With Butch Fernandez
proposed budget for 2025 from over P2 billion to just P733 million, raising concerns about the implications of the move, suggesting that the OVP should be shielded from political motivations.
However, House members have responded strongly, defending their actions as part of their constitutional mandate to review and adjust budget allocations to ensure accountability and proper use of public funds.
Bongalon, meanwhile, highlighted the violation of inter-parliamentary courtesy that Villanueva’s public comments represent.
“Senator Villanueva’s remarks about the House’s treatment of the OVP budget blatantly disregard the long-standing tradition of inter-parliamentary courtesy. Each chamber has its autonomy, and we expect the Senator to respect the House’s jurisdiction in the same way that we respect the Senate’s role,” Bongalon asserted.
He also emphasized the importance of maintaining decorum in interchamber
“Whether or not they are liable, we leave it to the Department of Justice to determine if there is indeed probable cause, and the proper cases would be filed,” he explained further.
Acidre reminded the public to focus on the case’s victims rather than the perpetrators.
“It’s about the people who were trafficked, those minors who were sent abroad and who were forced to marry to those who committed the crime. If Quiboloy is liable, then it is up to the court to decide so that we can say that finally, justice can prevail,” Acidre said. Ortega, on the other hand, raised questions about the involvement of KOJC members.
He asked if they were defending Quiboloy or merely holding public hearings, questioning whether they were officially representing the organization.
“Were they defending [Quiboloy] or were they just conducting the public hearing? It is because they conducted a public hearing, that is my immediate question. Were they adopted members of KOJC? So, were they representing or were they adopted members?” Ortega asked.
Last week, Reps. Joel Chua of Manila’s third district and Raul Angelo Bongalon of Ako Bicol hinted that former President Duterte can be sued for harboring a fugitive and for obstruction of justice, on the basis that he feigned innocence on the preacher’s specific whereabouts.
“Duterte, serving as the administrator of the Kingdom of Jesus Christ compound where Quiboloy was apprehended, cannot simply distance himself from this troubling situation,” remarked Chua, chairman of the House Committee on Good Government and Public Accountability.
“His [Duterte’s] role in the KOJC compound places him at the center of this unfolding scandal, and the public deserves clear answers about his involvement,” Chua added, noting that Quiboloy’s own TV network, Sonshine Media Network International, designated Duterte as “caretaker.”
relations, noting that Villanueva’s frustrations should be addressed within his own chamber.
“Instead of questioning the competence of the House, perhaps Senator Villanueva should direct his concerns toward his fellow senators in their upcoming deliberations. Could it be that he anticipates difficulty defending his stance against more experienced and well-versed senators?” Bongalon questioned.
Last week, Marikina Rep. Stella Luz Quimbo, senior committee vice chairperson, of the Committee on Appropriations announced that the panel recommended slashing the proposed budget from P2.037 billion to P733 million, a reduction of about P1.3 billion. Quimbo explained that the cuts primarily targeted allocations for financial assistance, professional services (including consultants), utilities, supplies, materials, and rental costs. However, Quimbo assured that funding for “personal services,” which covers salaries, would remain untouched to preserve jobs within the OVP. Jovee Marie N. dela Cruz
Proposed 2025 natl govt budget aimed at sustaining economic growth at 6%
By Jovee Marie N. dela Cruz @joveemarie
AS the House of Representa -
tives begins its plenary de -
bates on the proposed P6.352 trillion national budget for 2025 this Monday, the Lower House said the proposed 2025 national budget will serve as a key instrument in sustaining the country’s economic growth, which the government aims to maintain at 6 percent or higher.
Ahead of the debates, Speaker Ferdinand Martin G. Romualdez assured allocations for various medical, financial assistance, and social protection programs in addition to helping to stabilize food prices in the country.
“It will be our tool for sustaining our country’s economic growth, which we hope to keep at 6 percent or higher in line with the forecasts of international lending institutions,” he added.
Romualdez said that the budget is designed to advance President Marcos’s Agenda for Prosperity and Bagong Pilipinas programs.
The government has set key economic assumptions for the formulation of the 2025 national budget,
DOE
Eemphasizing targets that will promote fiscal sustainability and economic stability.
One of the primary drivers behind the 2025 budget formulation is the projected gross domestic product (GDP) growth rate, which is targeted to range between 6.5 percent and 7.5 percent.
The government also expects inflation to remain manageable, projecting a rate between 2.0 percent and 4.0 percent in 2025.
“It will be our instrument in directly helping the poor through various social protection, financial aid, and medical programs and in keeping food prices down, particularly the price of rice, which has fallen to P42 a kilo,” Romualdez said.
Romualdez said that the budget aims to support farmers and fishermen by increasing their productivity, which will contribute to a more stable food supply and lower prices benefiting all Filipinos. He also pointed out that the budget will be pivotal in expanding infrastructure and supporting education by funding the construction of additional road networks and classrooms, especially in underserved areas.
Eight days to complete ROMUALDEZ, meanwhile, expressed gratitude to House Committee on Appropriations Chairman Zaldy Co and Senior Vice Chairperson Stella Quimbo for their efficient handling of the budget hearings and timely endorsement of the same for plenary debates.
The House’s budget deliberation schedule allocates eight days for plenary debates, starting at 10 a.m. each day until the agenda is completed.
The proposed budget is targetted for third and final reading on September 25, following discussions on funding for the Department of Public Works and Highways, the Office of the President, and the Congress. Remarks against the budget and the period for amendments will also be conducted on that day.
Debates will begin with a sponsorship speech by Co, followed by discussions on the general principles and the budgets of the Department of Finance, Department of Justice, and National Economic and Development Authority, along with their attached agencies, the judiciary, and lump sum appropriations.
Tuesday’s agenda will cover the budgets of the Office of the Ombudsman, Commission on Human Rights, Human Rights Violations’ Memorial Commission, Department of Human Settlements and Urban Development, Department of the Interior and Local Government, Department of Tourism, and the Department of Labor and Employment, among others.
Wednesday will focus on the Commission on Elections, Department of Agrarian Reform, Department of Foreign Affairs, Department of Trade and Industry, and several executive offices and state colleges and universities.
Thursday’s discussions will address the budgets of the Department of National Defense, the Department of Migrant Workers, the Department of Environment and Natural Resources, and budgetary support for various government corporations.
On Friday, the budget deliberations will include the Presidential Communications Office, Department of Science and Technology, Metro Manila Development Authority, and additional executive offices and government corporations.
From September 23 to 25, remaining departments, agencies, and executive offices will have their budgets reviewed, including those for the Departments of Agriculture, Health, Energy, Education, Social Welfare and Development, and Transportation, as well as the Civil Service Commission and Commission on Audit.
Quimbo will alternate in sponsoring and defending agency budgets, with the budget for the Office of the Vice President scheduled for review on September 23.
Once both chambers of Congress approve their respective versions of the budget, a bicameral conference committee will convene to reconcile any differences between the two versions. After the bicameral meeting, the reconciled budget will be subject to ratification by both the House of Representatives and the Senate before it is forwarded to the President for final approval.
The total budget proposal is P6.352 trillion, or 22.1 percent of the gross domestic revenue, with P4.247 trillion for new appropriations and P2.105 trillion for automatic appropriations.
For sectoral allocations, social
exec: ‘We need the ERC on board’
By Lenie Lectura @llectura
NERGY secretary Raphael Lotilla could not stress enough the critical role of the Energy Regulatory Commission (ERC) in the power sector which has always been beset by challenges.
“The concern of course is there. As you know, we have worked hard with Mona Dimalanta to introduce changes that would facilitate the approvals of projects,” said Lotilla.
“I’m hopeful that this can be addressed and resolved so that we’ll be able to continue to move forward,” he said referring to the preventive suspension order by the Office of the Ombudsman against ERC Chairperson Monalisa Dimalanta.
The projects that Lotilla was referring to include “the new projects that the President has envisioned for the country. So whether they’re conventional or renewable or new forms of, or new sources of energy, we need the Energy Regulatory Commission on board.”
The ERC is a collegial body composed of a chairperson and four commissioners—namely Alexis Lumbatan, Catherine Maceda, Florensinda Digal, and Mark Romeo Fuentes. With the suspension order, the day-to-day operations continue but matters that require commission meetings are stalled because only the ERC chairperson can convene a meeting. In her absence, no one can resolve a tied vote among the remaining four commissioners thereby delaying the regulatory process.
“Right now, we are facing a number of decisions that have to be made by the Energy Regulatory Commission,” Lotilla added.
No rates, no auction FOR one, the setting of rates for the Green Energy Auctions (GEA) could be delayed. The auction was designed to stimulate the expan -
sion of the country’s renewable energy (RE) capacity to support the government’s target of 35 percent RE share in the energy mix by 2030 and 50 percent by 2040.
The DOE wanted the third and fourth GEA rounds to take place this year as this involves 12,599 megawatts (MW) of RE capacity. However, the ERC must determine the GEA Reserve (GEAR) prices first ahead of the auction. This takes time as public consultations, among others, must be conducted.
“We’re supposed to conduct one this quarter and another early next year. We’re supposed to set the parameters for auction that one I’m worried about because we have huge investors that we have invited to participate in those auctions and we want to assure investors that these things will continue and that we have stable investment climate in the Philippines that they can rely on,” said Dimalanta in an interview at ANC “Headstart.”
Aside from GEA, another pressing matter that urgently needs to be acted upon are the pending power supply agreement (PSA) applications filed before the commission. “Also, there are PSAs pending that are needed by distribution utilities so that they will not be exposed to WESM [Wholesale Electricity Spot Market]. Approvals of those PSAs are stalled,” added Dimalanta.
From 2001 to 2023, there were only 381 PSA cases resolved out of the 828 filed.
The commission also needs to act on the delayed rest of distribution utilities and electric cooperatives, over and under recoveries pending cases, and other cases carried over since the creation of ERC.
‘Why suspend me now?’
THE Ombudsman’s order stemmed from a 2023 complaint filed by the National Association of Electric Consumers for Reforms Inc. (Nasecore) alleging dilatory action by Dimalanta on Ma -
nila Electric Company’s (Meralco) application for approval of the annual revenue requirement and performance incentive scheme filed with the ERC in March 2022.
Dimalanta’s actuations, according to the complaint, amount to grave misconduct, grave abuse of authority, gross neglect of duty and conduct prejudicial to the best interest of the service.”
The cases cited by Nasecore in its complaint include motions for an audit of Meralco’s capital expenditures (Capex), the conduct of quasi-judicial and regulatory audit of Meralco, immediate resolution of the motion for an audit of Meralco’s capex, and to issue a directive for Meralco to produce documents, among others.
These were filed between the months of March and April last year and, according to Dimalanta, these have all been resolved in approximately 18 months.
So, if all these motions have been resolved why was the suspension order still issued?
“That’s exactly the question that we post in the motion for reconsideration,” she said.
This was the second case that Nasecore filed against Dimalanta. “The commission is a collegial body. There is no one person that can decide for the entirety of the commission so that’s why I’m surprised in this commission I’ve been leading I am the only one charged by Nasecore.”
Dimalanta is confident the Ombudsman will reconsider her motion because “maybe, they did not know yet this development that all motions have been resolved.”
“I am very confident because the purpose of the preventive suspension will no longer be served given that the case has already been resolved by the Commission,” she said via Viber.
Dimalanta assumed her post at the ERC in August 2022, inheriting “almost 10 years’ worth of backlog cases.”
“Even in this rate eset of Meralco, this should have been concluded before July 1, 2022 before I came in because the 5th regulatory period of Meralco should have started July 1, 2022. That’s why my first question when the pre-trial draft was given to me, what is this about? Isn’t this supposed to have been done?”
Outpouring of support
A NUMBER of business groups, power companies, and colleagues have already expressed their full support for Dimalanta.
Adding to the list is Sen. Sherwin Gatchalian, vice chairman of the Senate Committee on Energy. “I have worked with her for a long time and I know that she is a government official with integrity and that she always puts the welfare of consumers in her heart and mind.
The ERC plays a vital role in ensuring that any increase in electricity rates is justified. It is unfortunate that this is happening now that the ERC Chairperson has been suspended because the ERC is expected to defend any increase in electricity charges,” he said.
The lawmaker was referring to the recent power rate hike announced by Meralco. “This highlights the critical role of the ERC in finding a balance between consumer protection and taking into account the interests of industry players. We can never overemphasize that any rate increase must be reviewed thoroughly and exhaustively to ensure it is just and warranted,” Gatchalian stressed.
The Developers of Renewable Energy for AdvanceMent, Inc. (DREAM) also expressed grave concern regarding Dimalanta’s suspension. “This action once again disrupts the work of the ERC, which further exacerbates the already-delayed numerous unresolved pending administrative matters and quasijudicial cases resulting from past ERC internal conflicts,” said DREAM, which is led by former Energy Undersecretary Jay Layug.
Million Trees Foundation backs DENR reforestation plan for Marikina Watershed
By Jonathan L. Mayuga @jonlmayuga
services receive P2.121 trillion (33.38 percent of the budget) for health and education; economic services get P1.853 trillion (29.16 percent) for food security, natural resources, and infrastructure; general public services are allocated P1.083 trillion (17.05 percent), and defense receives P419.3 billion (6.60 percent). Under the Gneral Appropriations bill, P876.73 billion (13.80 percent of the budget) is allocated for debt payments. The GAB shows that education receives the largest share at P977.6 billion, the Department of Public Works and Highways follows with P900 billion for infrastructure projects, the Department of Health is allocated P297.6 billion for healthcare programs, the Department of the Interior and Local Government with P278.4 billion, the Department of National Defense with P256.1 billion, the Department of Social Welfare and Development with P230 billion, the agriculture sector with P211.3 billion, transportation with P180 bil
Indigent seniors to continue getting ₧1k/month from govt
MORE than 4 million indigent senior citizens will continue to receive a monthly pension of P1,000 in 2025, as the proposed national budget of the administration included a nearly P50-billion allocation for this social protection program.
Camarines Sur Rep. Luis Raymund F. Villafuerte, in a statement, announced the inclusion of this funding in the proposed General Appropriations Act (GAA) for next year.
In addition, a P3 billion allocation has been set aside to provide cash gifts mandated by law: P100,000 to centenarians and P10,000 to those who turn 80, 85, 90, or 95. Villafuerte co-authored the laws governing these benefits.
The Department of Budget and Management (DBM) recently informed Congress that the P49.8 billion for the Social Pension for Indigent Senior Citizens (SPISC) and P3 billion for the centenarians’ cash gifts are included in the 2025 National Expenditure Program (NEP) submitted to lawmakers.
Villafuerte emphasized the importance of these funds, encouraging local governments to help ensure that the National Commission of Senior Citizens (NCSC), the Department of Social Welfare and Development (DSWD), and the Philippine Statistics Authority (PSA) complete the national database of senior citizens to ensure all qualified individuals receive these benefits.
Villafuerte, meanwhile, reiterated his appeal for local government support in helping the NCSC and other agencies establish an Elderly Data Management System. He noted that this system is crucial to identifying who qualifies for the increased SPISC benefits, which rose from P500 to P1,000 this year under Republic Act 11916.
Budget Secretary Amenah Pangandaman confirmed the Marcos administration’s commitment to support the elderly, allocating P49.8 billion in the 2025 NEP for the social pension program.
In his 2025 budget message, President Marcos emphasized the importance of caring for the elderly, noting that the P1,000 monthly pension aims to supplement the daily living and medical expenses of 4,085,066 indigent seniors. The DBM stated that eligible beneficiaries began receiving the higher pension this year under RA 11916.
Villafuerte explained that RA 11916, passed in 2022, doubled the monthly pension of indigent seniors, amending RA 7432. Meanwhile, RA 11982, or the “Act Granting Benefits to Filipino Octogenarians and Nonagenarians,” amended the Centenarians Act of 2016, granting cash gifts to seniors when they reach 80 and every five years until they turn 95.
and Mapua University in doing various “greening activities.” During the event, 855 saplings of indigenous trees were rebagged, and 605 including Narra, Bitaog, Palawan Cherry Blossom, Guimaras, Ipil, and Kupang were planted. Also planted were 60 fruit-bearing trees comprising dayap, chico, langka or jackfruit, guyabano, dalandan and rambutan.
The MTFI tree nursery is located within the La Mesa Watershed area. The activity is part of MTFI President Velasco’s pre-birthday celebration. A civil leader, book
author, and publisher, Velasco is committed to sustaining the gains of the Annual Million Trees Challenge (AMTC) and the goals of the MTFI to plant and nurture trees in critical watersheds like the Angat Dam, La Mesa Dam, and the Laguna de Bay area.
“MTFI along with its partners conduct tree-planting and tree-growing activities and ensure the planted saplings are nurtured so that these will grow to enhance forest cover. Its reforestation activities are focused on some of the country’s critical watersheds, including the Marikina Watershed,” said Velasco.
As of September 12, the NCSC’s database had registered over 6.5 million elderly Filipinos, representing about half of the PSA’s estimated 12.3 million seniors as of March 2020. Villafuerte emphasized that a complete database is vital for ensuring all senior citizens can access the benefits they deserve.
“Seldom do Filipinos reach the age of 100, so what better way for the national government and the Congress to show our country’s appreciation for the significant contributions of our grandparents and other seniors to society during their relatively more productive years than to give them a cash windfall not only when they become centenarians but even when they turn 80, 85, 90, and 95 years old?” Villafuerte said.
NATO military chief says Ukraine has legal right to strike deep inside Russia
By Lolita C. Baldor The Associated Press
PRAGUE—The head of NATO’s military committee said Saturday that Ukraine has the solid legal and military right to strike deep inside Russia to gain combat advantage—reflecting the beliefs of a number of US allies—even as the Biden administration balks at allowing Kyiv to do so using American-made weapons.
“Every nation that is attacked has the right to defend itself. And that right doesn’t stop at the border of your own nation,” said Adm. Rob Bauer, speaking at the close of the committee’s annual meeting, also attended by US Gen. CQ Brown, chairman of the Joint Chiefs of Staff.
Bauer, of Netherlands, also added that nations have the sovereign right to put limits on the weapons they send to Ukraine. But, standing next to him at a press briefing, Lt. Gen. Karel Řehka, chief of the General Staff of the Czech Armed Forces, made it clear his nation places no such weapons restrictions on Kyiv.
“We believe that the Ukrainians should decide themselves how to use it,” Řehka said. Their comments came as US President Joe Biden is weighing whether to allow Ukraine to use Americanprovided long-range weapons to hit deep into Russia. And they hint at the divisions over the issue.
Biden met with British Prime Minister Keir Starmer on Friday, after
this week’s visit to Kyiv by their top diplomats, who came under fresh pressure to loosen weapons restrictions. US officials familiar with discussions said they believed Starmer was seeking Biden’s approval to allow Ukraine to use British Storm Shadow missiles for expanded strikes in Russia. Biden’s approval may be needed because Storm Shadow components are made in the US. The officials, who spoke on condition of anonymity to share the status of private conversations, said they believed Biden would be amenable, but there has been no decision announced yet.
Providing additional support and training for Ukraine was a key topic at the NATO chiefs’ meeting, but it wasn’t clear Saturday if the debate over the US restrictions was discussed. Many of the European nations have been vigorously supportive of Ukraine in part because they worry about being the next victim of an empowered Russia.
At the opening of the meeting, Czech Republic President Petr Pavel
broadly urged the military chiefs gathered in the room to be “bold and open in articulating your assessments and recommendations. The rounder and the softer they are, the less they will be understood by the political level.”
The allies, he said, must “take the right steps and the right decisions to protect our countries and our way of life.”
The military leaders routinely develop plans and recommendations that are then sent to the civilian NATO defense secretaries for discussion and then on to the nations’ leaders in the alliance.
The US allows Ukraine to use American-provided weapons in crossborder strikes to counter attacks by Russian forces. But it doesn’t allow Kyiv to fire long-range missiles, such as the ATACMS, deep into Russia. The US has argued that Ukraine has drones that can strike far and should use ATACMS judiciously because they only have a limited number.
Ukraine has increased its pleas with Washington to lift the restrictions, particularly as winter looms
DeATh TOll iN MYANMAR fROM T YphOON YAGi ReACheS 74; DOzeNS Of peOple STill MiSSiNG
BANGKOK—The death toll in Myanmar from flooding and landslides caused by Typhoon Yagi has reached at least 74, with 89 people missing, Myanmar’s state television said Saturday.
Difficulties in compiling information have raised fears that the number of casualties may be higher.
The new official death toll announced by the country’s military government was more than double the 33 reported on Friday. Typhoon Yagi earlier hit Vietnam, northern Thailand and Laos, killing more than 260 people and causing major damage.
The new totals were announced after state media reported that Senior Gen. Min Aung Hlaing, the head of the ruling military council, said that Myanmar was requesting relief aid from foreign countries.
Nearly 240,000 people have been displaced, according to the reports. There were already 3.4 million displaced people in Myanmar at the beginning of September, according to the U.N. refugee agency, mostly because of war and unrest in recent years.
lO CA l r esidents wade through water with their cows in Naypyitaw, Myanmar on Saturday, September 14, 2024. AP Photo/Aung Shine
and Kyiv worries about Russian gains during the colder months.
“You want to weaken the enemy that attacks you in order to not only fight the arrows that come your way, but also attack the archer that is, as we see, very often operating from Russia proper into Ukraine,” said Bauer. “So militarily, there’s a good reason to do that, to weaken the enemy, to weaken its logistic lines, fuel, ammunition that comes to the front. That is what you want to stop, if at all possible.”
Brown, for his part, told reporters traveling with him to the meeting that the US policy on long-range weapons remains in place.
But, he added, “by the same token, what we want to do is—regardless of that policy—we want to continue to make Ukraine successful with the capabilities that have been provided” by the US and other nations in the coalition, as well as the weapons Kyiv has been able to build itself.
“They’ve proven themselves fairly effective in building out uncrewed aerial vehicles, in building out drones,” Brown told reporters traveling with him to meetings in Europe.
Defense Secretary Lloyd Austin has made similar points, arguing that one weapons system won’t determine success in the war.
“There are a number of things that go into the overall equation as to whether or not you know you want to provide one capability or another,” Austin said Friday. “There is no silver bullet when it comes to things like this.”
He also noted that Ukraine has already been able to strike inside Russia with its own internally produced systems, including drones.
age and provide relief are complicated. Myanmar is in a state of civil war that began in 2021, after the army seized power from the elected government of Aung San Suu Kyi. Independent analysts believe the military controls much less than half of the country’s territory.
Myanmar experiences extreme weather virtually every year during the monsoon season. In 2008, Cyclone Nargis killed more than 138,000 people. In that case, the military government then in power delayed accepting international assistance, and when it finally relented, tightly controlled its distribution, with little or no oversight by aid donors.
Missile from Yemen strikes israel, raising tensions amid Gaza conflict
By Natalie Melzer & Ohad Zwigenberg The Associated Press
JERUSALEM—A missile fired from Yemen landed in an open area in central Israel early Sunday, the Israeli military said, in the latest reverberation from the nearly yearlong war in Gaza.
The early morning attack triggered air raid sirens, including at Israel’s international airport, where local media aired footage of people racing to shelters. There were no reports of casualties or damage, and the airport authority said operations resumed as normal shortly thereafter.
A fire could be seen in a rural area of central Israel, and local media showed images of what appeared to be a fragment from a missile or interceptor that landed on an escalator in a train station in the central town of Modiin. The military said the sound of explosions in the area came from interceptors.
Yemen’s Iran-backed Houthi rebels have repeatedly fired drones and missiles toward Israel since the start of the war in Gaza between Israel and the Palestinian militant group Hamas, but nearly all of them have been intercepted over the Red Sea.
The Houthis did not claim Sunday’s attack directly, but rebel officials appeared to boast about it. Hashim Sharaf al-Din, a spokesperson for the Houthi-run government, said Yemenis will celebrate the birthday of Islam’s Prophet Muhammad while “the Israelis will have to be in shelters.”
Another senior Houthi official, Hezam al-Asad, posted a taunting message in Hebrew on the social platform X.
and counterstrikes have threatened to trigger a wider conflict. International carriers have canceled fights into and out of Israel on a number of occasions since the start of the war, adding to the war’s economic toll on the country. Iran supports militant groups across the region, including Hamas, the Houthis and Lebanon’s Hezbollah, its most powerful ally, which has traded fired with Israel on a near-daily basis since the war in Gaza began. Iran and its allies say they are acting in solidarity with the Palestinians.
The military said around 40 projectiles were fired from Lebanon early Sunday, with most intercepted or falling in open areas. The strikes along the Israel-Lebanon border have displaced tens of thousands of people on both sides. Israel has repeatedly threatened to launch a wider military operation against Hezbollah to ensure its citizens can return to their homes.
Hezbollah has said it would halt its attacks if there is a cease-fire in Gaza.
The United States and Arab mediators Egypt and Qatar have spent much of this year trying to broker a truce and the release of scores of hostages held by Hamas, but the talks have repeatedly bogged down.
In recent weeks, Prime Minister Benjamin Netanyahu has insisted on lasting Israeli control over the Gaza side of the border with Egypt, which Israeli forces captured in May. He has said Hamas used a network of tunnels beneath the border to import arms, allegations denied by Egypt, which along with Hamas is opposed to any lasting Israeli presence there.
In July, an Iranian-made drone launched by the Houthis struck Tel Aviv, killing one person and wounding 10 others. Israel responded with a wave of airstrikes on Houthi-held areas of Yemen.
In Myanmar, low-lying areas in the central regions of Mandalay and Bago, as well as eastern Shan state and the country’s capital, Naypyitaw, have been inundated by water since Wednesday.
foreign countries, as other countries affected by the storm did, to receive rescue and relief aid for the victims.
Min Aung Hlaing and other military officials inspected flooded areas and reviewed rescue, relief and rehabilitation efforts in Naypyitaw on Friday, the state-run Myanma Alinn newspaper reported. Its report said that he instructed officials to contact
“It is necessary to manage rescue, relief and rehabilitation measures as quickly as possible,” he was quoted as saying. The exact extent of the damage still wasn’t clear, but there were fears that the death toll may rise sharply.
Local news outlets reported more than 100 people missing.
Efforts to tally casualties and dam -
Saturday evening’s state television news said that 24 bridges, 375 school buildings, one Buddhist monastery, five dams, four pagodas, 14 electrical transformers, 456 lampposts and more than 65,000 houses were damaged by floods in central and eastern parts of the country.
Naypyitaw is one of the areas that was hit hardest by the floods. Myanmar’s Eleven Media group reported on Friday that record rainfall had damaged several pagodas in Bagan, the country’s ancient capital that is a UNESCO World Heritage site. The rain, said to be the heaviest in 60 years, collapsed walls at several centuriesold old temples, it said.
The Houthis have also repeatedly attacked commercial shipping in the Red Sea, in what the rebels portray as a blockade on Israel in support of the Palestinians. Most of the targeted ships have no connection to Israel.
The war in Gaza, which began with Hamas’ October 7 attack into southern Israel, has rippled across the region, with Iran and allied militant groups attacking Israeli and US targets and drawing retaliatory strikes from Israel and its Western allies.
On several occasions, the strikes
Iran launches satellite with Revolutionary Guard rocket, defying Western concerns
By Nasser Karimi & Jon Gambrell
The Associated Press
sr ael. m e anwhile, ran continues to enrich uranium to nearly weapons-grade levels, raising concerns among nonproliferation experts about te hran’s program. i ran identified the satellite-carrying rocket as the Qaem-100, which the g ua rd used in January for another successful launch. Qaem means “upright” in i ran’s Farsi language.
t he solid-fuel, three-stage rocket put the Chamran-1 satellite, weighing 60 kilograms (132 pounds), into a 550-kilometer (340mile) orbit, state media reported. t h e rocket bore a Quranic verse: “ t hat w hich is left by Allah is better for you, if you are believers.”
A state-owned subsidiary of i ran’s d ef ense m i nistry and experts at the Aerospace r e search i nstitute built the satellite with others to “test hardware and software systems for orbital maneuver technology validation,” state media said, without elaborating.
g e n. h o ssein Salami, the head of the g ua rd, praised the launch in a statement and said scientists successfully overcame “the atmosphere of extensive and oppressive international sanctions.”
r e sponding to questions from t h e Associated Press, the u S S tate d e partment said it has “long made clear our concern that i ran’s space launch vehicle programs provide a pathway to expand its longerrange missile systems.”
An Israeli military official said late Saturday that of the dozens of tunnels discovered along the border, only nine entered Egypt, and all were found to have been sealed off. The official, who spoke on condition of anonymity to discuss sensitive intelligence, said it was not clear when the tunnels were sealed.
The discovery appeared to weaken Netanyahu’s argument that Israel needs to keep open-ended control of the corridor to prevent cross-border smuggling.Egypt has said it sealed off the tunnels on its side of the border years ago, in part by creating its own military buffer zone along the frontier. Melzer reported from Nahariya, Israel. Associated Press writers Samy Magdy in Cairo and Josef Federman in Jerusalem contributed.
International tensions rise as Americans and Europeans accused of plotting to assassinate Venezuelan president
By Manuel Rueda The Associated Press
BOGOTA, Colombia—Three Americans, two Spaniards and a Czech citizen were arrested Saturday after Venezuelan officials accused them of coming to the South American country to assassinate President Nicolas Maduro.
The arrests were announced on state television by Diosdado Cabello, the nation’s
powerful interior minister. Cabello said the foreign citizens were part of a CIA-led plot to overthrow the Venezuelan government and kill several members of its leadership. In the television program, Cabello showed images of rifles that he said were confiscated from some of the plotters of the alleged plan.
The arrest of the American citizens included a member of the Navy, who Cabello identified as Wilbert Joseph Castañeda Gomez. Cabello said that Gomez was a navy
seal who had served in Afghanistan, Iraq and Colombia. Spain’s embassy in Venezuela did not reply to a request for comment on the arrests of its citizens.
The US State Department late Saturday confirmed the detention of a US military member and said it was aware of “unconfirmed reports of two additional US citizens detained in Venezuela.”
“Any claims of US involvement in a plot to overthrow Maduro are categorically false.
The United States continues to support a democratic solution to the political crisis in Venezuela,” the statement said.
The announcement of the arrests comes just two days after the US Treasury imposed sanctions on 16 allies of Maduro who were accused by the US government of obstructing voting during the disputed July 28 Venezuelan presidential election, and carrying out human rights abuses.
Earlier this week, Spain’s parliament
recognized opposition candidate Edmundo Gonzalez as the winner of the election, angering Maduro allies who called on the Venezuelan government to suspend commercial and diplomatic relations with Spain.
Tensions between Venezuela’s government and the US have increased as well following the election, whose result sparked protests within Venezuela in which hundreds of opposition activists were arrested.
Venezuela’s Electoral Council, which is closely aligned with the Maduro administration, said Maduro won the election with 52 percent of the vote, but did not provide a detailed breakdown of the results.
Opposition activists, however, surprised the government by collecting tally sheets from 80 percent of the nation’s voting machines. The tally sheets collected by the opposition were published online, and they indicate that Gonzalez won the election with twice as many votes as Maduro.
September 16, 2024 | www.businessmirror.com.ph
China’s economy slows in August amid lagging demand and industrial decline
BEIJING—China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand.
Data published by the National Bureau of Statistics Saturday showed weakening activity across industrial production, retail sales and real estate this month compared to July.
“We should be aware that the adverse impacts arising from the changes in the external environment are increasing,” said Liu Aihua, the bureau’s chief economist in a news conference.
Liu said that demand remained insufficient at home, and the sustained economic recovery still confronts multiple difficulties and challenges.
China has been grappling with a lagging economy post-Covid, with weak consumer demand, persistent deflationary pressures and a contraction in factory activity.
Chinese leaders have ramped up investment in manufacturing to rev up an economy that stalled during the pandemic and is still growing slower than hoped.
Beijing also has to deal with increasing pressure to implement large-scale stimulus measures to boost economic growth.
While industrial production rose by 4.5 percent in August compared to a year ago, it declined from July’s 5.1 percent growth, according to the bureau’s data released.
Retail sales grew 2.1 percent from the same time last year, slower than the 2.7 percent increase last month.
Fixed asset investment rose by 3.4 percent from January to August, down from 3.6 percent in the first seven months. Meanwhile, investment in real estate declined by 10.2 percent from January to August, compared to last year.
The figures released Saturday come after trade data for August saw imports grow just 0.5 percent compared to a year ago.
The consumer price index rose 0.6 percent in August, missing forecasts according to data released Monday. Officials attributed the higher CPI to an increase in food prices due to bad weather.
But the core CPI, which excludes food and energy prices, rose by just 0.3 percent in August, the slowest in over three years. AP
Tech billionaire, crew return to Earth after historic first private spacewalk
By Marcia Dunn | AP Aerospace Writer
C(740
the 265th. Until now, all spacewalks were done by
astronauts. d u ring t h ursday’s commercial spacewalk, the d r agon capsule’s hatch was open barely a half-hour. Isaacman emerged only up to his waist to briefly test SpaceX’s brand new spacesuit followed by g i llis, who was knee high as she flexed her arms and legs for several minutes. g i llis, a classically trained violinist, also held a performance in orbit earlier in the week. t h e spacewalk lasted less than two hours, considerably shorter than those at the International Space Station. Most of that time was needed to depressurize the entire capsule and then restore the cabin air. Even SpaceX’s Anna Menon and Scott “Kidd” Poteet, who remained strapped in, wore spacesuits. SpaceX considers the brief exercise a starting point to test spacesuit technology for future, longer missions to Mars. t h is was Isaacman’s second chartered flight with SpaceX, with two more still ahead under his personally financed space exploration program named Polaris after the n o rth Star. h e p aid an undisclosed sum for his first spaceflight in 2021, taking along contest winners and a pediatric cancer survivor while raising more than $250 million for St. Jude Children’s Research h o spital. For the just completed so-called Polaris d awn mission, the founder and CE o of the Shift4 credit card-processing company shared the cost with SpaceX. Isaacman won’t divulge how much he spent.
Editor: Jennifer A. Ng
PHL seen buying more imported corn, wheat
TBy Ada Pelonia @adapelonia
HE United States Department of Agriculture (USDA) adjusted upwards its corn imports forecast for the Philippines this year.
The Philippines, which was struck by El Niño and continues to grapple with fall armyworms, could import 1.3 million metric tons (MMT) in 2024, according to the USDA. The figure is higher than the initial estimate of 1.1 MMT.
“Global imports are forecast up on increases for China, India, Mexico, the Philippines, Saudi Arabia, Turkey, and Venezuela,” the USDA report read.
For next year, the USDA said the Philippines will also import more
corn, estimated at 1.35 MMT, due to lower carryover stock.
However, global imports for next year will decline due to the reduced forecasts for Canada, China and Iran.
“Global imports are forecast down as reduced forecasts for Canada, China, and Iran more than offset a raise to the European Union, India, Mexico, and the Philippines.”
Meanwhile, the USDA increased the country’s forecast for wheat imports next year to 7 MMT driven
by stronger demand for milling and feed quality wheat.
“Global consumption is raised this month on increased feed and residual use in the Philippines, Vietnam, Australia, Canada, and the United Kingdom, outweighing lower feed and residual use in the
European Union,” the report read. “Global trade is adjusted upward due to increased imports for the Philippines, the European Union, and Vietnam.”
The USDA-Foreign Agricultural Service in Manila (USDA-FAS Manila) said in its recent report that
Japan’s Aeon keen on importing local avocados, coconuts
By Andrea E. San Juan @andreasanjuan
AEON Retail Co. Ltd., a
Japanese importer of local bananas and pineapples, plans to buy other food products from the Philippines, such as coconuts, avocados, and pili nuts, according to the Department of Trade and Industry (DTI).
In a message sent to reporters over the weekend, the Trade department said DTI Acting Secretary Cristina A. Roque met with executives of Japan’s largest retailer last September 12 to discuss the expansion of Philippine product sourcing and potential
investments in country.
DTI said Roque encouraged Aeon to consider further investing in the Philippines as she underscored the country’s “growing economy and its potential as a key player in the global food industry.”
“Aeon has also expressed interest in diversifying its import portfolio to include a wider range of food and non-food products from the Philippines.”
Currently, DTI said Aeon imports bananas and pineapples from local suppliers.
“Aeon Retail Co. seeks to expand its sourcing to include other food products, such as coconuts and its by-products, avocados,
chocolates, and pili nuts.”
DTI said Aeon is also keen on sourcing “Tatak Pinoy” and One Town, One Product-compliant goods to feature in their retail stores, as the firm wants to promote authentic Filipino craftsmanship and support local industries.
DTI said it is committed to facilitating Aeon’s sourcing activities and that it will ensure that the Philippine products will be able to meet the quality standards of Japan.
“Both parties also discussed potential collaboration in trade shows and exhibition, further strengthening the trade ties between the two nations.”
The Philippines has a bilateral free trade agreement with Japan.
The Philippines-Japan Economic Partnership Agreement (PJEPA) was signed in September 2006 and the agreement entered into force in December 2008.
The PJEPA covers, among others, trade in goods, trade in services, investments, movement of natural persons, intellectual property, government procurement, competition, and improvement of business environment.
Data from Tradeline Philippines showed that Philippine exports to Japan amounted to $10.46 billion while imports from Japan reached $10.3 billion in 2023.
SRA on alert for possible lahar flows from Mt. Kanlaon
THE Sugar Regulatory Administration (SRA) is on alert due to possible lahar flows which could threaten sugar plantations near the restive Kanlaon Volcano.
The volcano, which recently spewed ash, has been under close watch after it exhibited increasing unrest since last week. Kanlaon straddles the provinces of Negros Oriental and Negros Occidental— the country’s top sugar producer.
According to SRA Administrator Pablo Luis Azcona, the fields in its research station La Granja Agricultural Research and Extension Center (LGAREC) in Negros
Occidental were clear of ash owing to heavy rainfall.
“There is little to no sulfur smell as well. We believe this is due to the rainfall which prevented the ash from spreading,” Azcona told the BusinessMirror
However, the SRA chief said heavy rains brought by tropical storm Bebinca prompted the agency to remain vigilant due to the possibility of lahar—the volcanic mudflow spurred by incessant rains.
“The LGAREC station saw very minimal ashfall but because of the heavy rainfall, we are wary of the lahar flows.”
Despite this, Azcona made an assurance that the agency is prepared to deal with the lahar flows.
“We are monitoring Kanlaon’s activities so we can inform our farmers in case there is a need to evacuate; we are assisting the local government,” he said. “In case LGAREC will be considered as part of the safe zone, plans are in place to use the facility as shelter for affected farmers.”
The SRA said the volcanic ash from Mt. Kanlaon’s eruption last June increased acidity in sugarcane leaves and ground soil in affected areas.
About 23,000 hectares in four
sugar mill districts might have been affected by the volcanic eruption, SRA said.
The agency noted the pH level which would indicate the level of acidity revealed a 4.14 pH on sugar cane leaves and 5.06 pH in the soil the morning after the ash fall.
This showed acidity as compared to the 6.48 pH from the ground testing last week.
“With the current results after the ash fall, if this will not be washed out by rains, we will need soil rejuvenation in affected sugar lands to bring it back to the ideal state and that is long term,” Azcona said in a statement. Ada Pelonia
India scraps floor price for basmati rice exports to boost appeal
INDIA , the world’s biggest exporter of rice, removed the floor price for basmati shipments to boost the premium variety’s competitiveness in the global market.
The current minimum export price of $950 a ton for issuing registration-cum-allocation certificates for the grain has been scrapped, the country’s Commerce Minister Piyush Goyal said in a post on X on Friday. The decision will help increase basmati rice exports and farmers’ income, he said.
The move is expected to soften global prices of the variety, which is generally grown in the Indian subcontinent and commands a healthy premium because of its longer grain size and unique aroma.
The country continues to curb non-basmati rice exports to keep a lid on local prices. Food inflation
climbed 5.66 percent in August, according to the statistics ministry. However, prices could ease in the coming months as domestic grain reserves are ample and harvesting of rice crops will begin in few weeks.
India started prohibiting or adding taxes on key rice varieties in 2022 in an effort to shore up supplies and quell food inflation ahead of national elections. The moves sent the Asian benchmark price to the highest since 2008 last year and prompted panicked consumers to seek supplies from other nations.
The latest decision comes ahead of elections in October in the northern state of Haryana, a key producer of basmati rice and other agricultural commodities. About two-thirds of India’s 1.4 billion population live in rural areas, making farmers an important voting bloc.
Separately, the nation removed the floor price of $550 a ton for exports of onions with immediate effect, according to a commerce ministry notification.
The government also reduced wheat stockpile limits to prevent hoarding and lower prices of the food grain in the local market, according to a statement from the food ministry.
Wheat supplies
WHEAT futures traded in Chicago were set for a third week of gains as India’s decision to limit stockpiles underscored the tightness in global wheat supplies.
Wheat for December delivery rose as much as 3.5 percent, the biggest intraday gain in more than a month.
The Indian government cut the size of wheat stockpiles traders and big retailers are allowed to maintain by 33 percent to 2,000
the country’s corn production in the marketing year (MY) 20242025 may decline due to fall armyworms infesting local farms.
“FAS Manila forecasts lower MY 2024/25 corn production as multiple producers and industry contacts report reduced area planted and ongoing issues with Fall Army Worm,” the report read. (See: https://businessmirror.com. ph/2024/07/12/phl-corn-production-seen-declining-on-fallarmyworm-damage-report/)
The USDA-FAS Manila projected that local corn production in MY 2024-2025 would decline by 2.38 percent to 8.2 MMT from 8.4 MMT in the previous MY.
In June, BusinessMirror reported that fall armyworms devastated corn fields in the Caraga region. The infestation was attributed by a crop protection specialist to temperature changes.
Figures from the Philippine Statistics Authority (PSA) showed
that corn production in April to June fell by 20.3 percent to 1.174 MMT, from last year’s 1.473 MMT.
“The adverse weather condition is the biggest factor behind the decline along with the delay in planting,” PhilMaize President Romualdo Elvira Jr. told the BusinessMirror last month.
Figures from the PSA showed that the country’s farm output contracted by 3.3 percent in the second quarter due to the weather phenomenon.
Crop production, which amounted to P220.04 billion, declined annually by 8.6 percent, with the value of corn production posting a 20.3-percent decline. Despite this, Elvira said the development is not yet alarming. “We will have to wait for the harvest because some farmers planted in July. Maybe in the third quarter we can see the picture and by then we will know the actual situation.”
FAO: Global hunger targets remain out of reach
THE chief of the Food and Agriculture Organization of the United Nations (FAO) called for greater cooperation within the G20 family of nations as global targets remain “worryingly out of reach.”
In his opening address to G20 Agriculture Working Group (AWG) Ministerial Meeting in Chapada dos Guimarães, Brazil, FAO Director-General Qu Dongyu reminded the audience that 733 million people globally continue to face hunger. This means that the world is still far off track from achieving Sustainable Development Goal 2 (Zero Hunger).
While notable progress has been made in the Latin American and Caribbean region, Qu noted that hunger is still on the rise in Africa and remains relatively unchanged in Asia.
“Climate change, economic shocks, and conflict are significant drivers of global hunger, and are causing food crises of a scale not seen in many years.”
In Sudan, for instance, over 25 million people were estimated to face high levels of acute food insecurity between June and September. In Gaza, the entire population of 2.2 million people continues to need urgent food and livelihood assistance. Meanwhile, in Afghanistan, the Democratic Republic of Congo, Myanmar, South Sudan, Pakistan, Haiti, and Nigeria, over 1 million people in each country face a food emergency.
“We cannot fail them,” he said.
“We need to step up food assistance while developing and implementing strategies that protect the environment and generate fair incomes for farmers.”
Family farmers, in particular, play a central role in ensuring global food
tons to prevent hoarding, according to a statement from food ministry on Friday.
“That is an indication that supplies are tight and that they want to try to bring domestic prices down by making more supplies available,” said Angie Setzer, cofounder of farm advisory Consus Ag Consulting LLC.
The move adds to concerns that dry weather will hurt crops in key producing European countries as Russia and Ukraine, even as the United States Department of Agriculture raised its estimate for global wheat stockpiles at the end of the 2024-2025 crop season.
Yet, the escalation of the conflict between Russia and Ukraine—with a Ukrainian ship carrying wheat to Egypt struck by Russia this week— also is
for
security, as they account for more than 90 percent of the world’s farms, occupy 70-80 percent of farmland, and produce more than 80 percent of the world’s food in value terms.
“To transform our agrifood systems to become more efficient, more inclusive, more resilient, and more sustainable requires a stronger political commitment, social agenda, and overall inputs, which should strengthen the role of family farmers, small producers, gIndigenous Peoples, and traditional communities.”
G20 cooperation IN his address, Qu said one of the key values of the G20 is to serve as venue for policy coordination among the largest economies oin the world. A great example of this is the Agricultural Market Information System (AMIS), hosted at FAO, and now a consolidated pillar of the global agricultural market. Qu also noted the progress made in reducing hunger in Latin America, especially in the hosting nation of Brazil, and the G20’s unanimous support for its proposal to launch a Global Alliance Against Hunger and Poverty.
“The world needs more cooperation within the G20. For this reason, I would like to commend the Government of Brazil for bringing food security back to the center of the G20 discussions and for promoting and ensuring support beyond the G20 to end hunger through the Global Alliance against Hunger and Poverty.” He added that FAO is supporting the Global Alliance by hosting its Support Mechanism in Rome, curating its Policy Basket, and contributing to its three pillars.
bullish
wheat futures, Setzer said.
A CROP of corn cobs damaged in a storm in Italy. BLOOMBERG WORKERS gather rice at the New Foodgrain Market in Karnal, Haryana, India, on November 28, 2023. KANISHKA SONTHALIA/BLOOMBERG
Urgent action needed to address hazardous waste crisis in PHL
THe proper disposal and recycling of hazardous waste is a critical environmental issue that requires urgent attention from the government. The Federation of Philippine Industries (FPI) has rightly called on the Department of environment and Natural Resources (DeNR) to implement the extended Producer Responsibility (ePR) scheme to include used lead acid batteries (ULABs) and other hazardous waste. (Read the BusinessMirror story: “Federation of Philippine Industries to DENR: Extended Producer Responsibility law must cover hazardous waste,” September 13, 2024).
Dr. Jesus L. Arranza, FPI chairman, emphasized the urgent need for the implementation of the EPR scheme on dangerous waste materials, as mandated by the EPR Act of 2022 (Republic Act 11898). The delay in executing the EPR regulations, specifically concerning ULABs, is a cause for serious worry. While the DENR’s current focus on plastic waste recovery by major corporations is crucial, neglecting the pressing issue of ULABs is a significant oversight. These hazardous materials demand specialized handling due to their immediate and severe environmental and health impacts.
The EPR Act of 2022, while a significant step forward, has unfortunately been slow to address the pressing need for responsible management of ULABs. The current focus on plastic waste, particularly single-use plastic, is commendable, but it fails to recognize the immediate and severe threat posed by dangerous waste materials.
The FPI’s concerns are well founded. The Philippines, with its vast number of vehicles, generates a massive volume of ULABs, creating a lucrative market for illegal smelters and recyclers. These operations, lacking proper permits and regulations, are wreaking havoc on the environment and public health. The case of Global Aseana Business Park in Pampanga serves as a stark reminder of the devastating consequences of unregulated ULAB recycling. The river beside the park has been heavily contaminated with toxic chemicals and heavy metals, threatening the health of the local community and the ecosystem.
The recent findings of environmental non-government organization SEEDS PH in Pampanga, which revealed alarming levels of water pollution and contamination in the river, serve as a stark reminder of the urgency of this issue. The significant presence of cadmium and nickel in the river can cause cancer and liver failure. The presence of lead in the water has already gone up to an alarming level and this could cause diseases in the kidney, heart, and blood.
“These are clear signs of water pollution and could trigger fish kills,” SEEDS PH said.
The FPI’s proposed solution is a comprehensive EPR scheme for ULABs, mirroring the successful models employed in other countries. This scheme would hold producers accountable for the entire lifecycle of their products, from production to end-of-life management. The key elements of this scheme include: n Mandatory collection and recycling: Producers of lead acid batteries would be required to collect and recycle their products, ensuring that ULABs do not end up in landfills or illegal recycling facilities.
n Strict regulations for recyclers: The DENR should establish clear regulations for accredited recyclers, ensuring that they operate in a safe and environmentally responsible manner.
The FPI’s call for a phased implementation, starting with a 20 percent collection target in the first year, is a pragmatic approach that allows producers to gradually adjust to the new requirements. This phased implementation, combined with robust enforcement mechanisms, will ensure the success of the EPR scheme.
The DENR must act decisively to address this urgent issue. Failure to do so will have dire consequences for the environment, public health, and the economy. The FPI’s call for a robust EPR scheme for ULABs is a timely reminder that environmental protection cannot wait. It is time for the government and the private sector to work together to ensure a sustainable future for the Philippines.
BusinessMirror
When compassion falls short
SRISING SUN
omeoNe I know shared a heartbreaking story that took place in the exclusive subdivision where she lives in Cavite. A pregnant stray dog wandered into the gated community and found refuge in an empty house. She soon gave birth to three puppies. Not long after, the security guards discovered them and forced them out of the property. Desperate to protect her newborns, the mother dog found another hidden spot in the clubhouse. It could have been a safe haven for her and her puppies, as a few kind-hearted residents regularly fed the strays. Sadly, an officer from the homeowners’ association instructed the guards to remove the dog and her puppies, citing concerns over potential biting incidents.
The situation took a troubling turn when it became clear that the subdivision and its security agency had inadequate policies for handling strays. According to the account, a senior security official ordered the dog to be thrown over the perimeter wall. On the other side of the wall lies a dense, undeveloped area of the property—an area with a long creek, steep slopes, thick vegetation, snakes, and al-
most no food sources. This raises a serious question: Is it their standard procedure to toss strays and abandoned animals over the wall to avoid potential biting incidents, which could tarnish their record? If so, how many stray dogs and cats have they discarded in this manner over the years?
This incident highlights the urgent need for subdivisions and security agencies to ensure their animal
Every day, we encounter stray animals on the streets, and it has almost become routine to see cats and dogs left injured or dead by passing vehicles. Our social media feeds are filled with posts pleading for donations to animal welfare groups or seeking kindhearted individuals to adopt or foster strays. We often come across graphic images of abused, deformed, or sick animals in desperate need of medical care. While these images evoke sympathy, many of us choose to look away, overwhelmed by the responsibility and our busy lives.
handling protocols align with Republic Act 8485, also known as the Animal Welfare Act of 1998. This law is designed to protect animals from abuse, neglect, and cruelty and mandates proper care and treatment.
In the case described, there may be grounds to file a complaint against those responsible for the mistreatment of the female dog that had just given birth. Fortunately, some concerned individuals stepped in and
Megawide’s innovative solar farm model
ILITO GAGNI
T warms the heart to know that megawide’s energy subsidiary, Citicore Renewable, is proving to be a disruptor insofar as solar farms are concerned. It has allowed solar farms to co-exist with high-value crops, presenting additional income benefits for farmers.
The solar farm model is one for the books and it is one lesson in business and entrepreneurship that shows how looking at a problem from a different perspective provides the aha! moment to come up with a new focus on an old idea. That is what Amazon’s Jeff Bezos had done for its book business and what the late Steve Jobs had unveiled in its iPhone models. And sadly, the refusal to embrace the new technology pushed Blackberry to oblivion.
When the solar panels that allow the sun’s rays to provide a backdrop to energy systems were first marketed, the costs were prohibitive. Later, as new ways of producing the panels were discovered, the costs became competitive. And now, the solar farms can match the cost of
fossil fuels that are used to drive power plants.
Now that Megawide has provided the innovative way of having solar farms co-exist with high-value crops, the idea of farmers losing their income when the panels cover their farms will now be cast aside. Megawide’s energy subsidiary, Citicore, now has 10 solar farms, and with its rooftop solar systems produce 285 megawatts.
The company seeks to produce 5 gigawatts in five years and that includes other renewable energy sources. It is possible that the new ways of looking at old ideas from an Amazon or iPhone perspective that Megawide practices can come up with disruptions that will deliver more benefits for the nation.
Now that Megawide has provided the innovative way of having solar farms co-exist with highvalue crops, the idea of farmers losing their income when the panels cover their farms will now be cast aside. Megawide’s energy subsidiary, Citicore, now has 10 solar farms, and with its rooftop solar systems produce 285 megawatts.
It is worth noting that Megawide Chairman Edgar Saavedra approaches business opportunities from a different angle. He is unafraid to try new systems and craft new ways of pursuing novel ideas for businesses that the group wants to engage in. The solar farm model is one. The PITX as a commercial hub is another. And there is Mactan-Cebu, a short-lived one, though and the property push where his company added a loft to a condo unit without charging for it.
Saavedra’s mantra is very visible. He said, “sometimes inexperience can be good. It forced us to come up with new ideas that set us apart from the rest.” That is the buzz that possibly makes Megawide try new business pursuits. And it is what business coaches advice to their mentees: Throw out the old concepts; try new
adopted the puppies. Every day, we encounter stray animals on the streets, and it has almost become routine to see cats and dogs left injured or dead by passing vehicles. Our social media feeds are filled with posts pleading for donations to animal welfare groups or seeking kind-hearted individuals to adopt or foster strays. We often come across graphic images of abused, deformed, or sick animals in desperate need of medical care. While these images evoke sympathy, many of us choose to look away, overwhelmed by the responsibility and our busy lives. There are too few animal welfare organizations and even fewer individuals who actively go out of their way to feed strays or care for animals in need. Budget constraints severely limit these efforts. While we may feel upset about aspins being barred from entering restaurants, there is a much larger issue affecting animal welfare in our society. We need to recognize that there is a greater problem at hand. Addressing this requires more than just boycotting restaurants over unclear pet policies; it demands a broader and more committed effort from all of us.
ways of looking at a problem. The government, through the Department of Agriculture, should try to partner with Megawide subsidiary Citicore Renewable Energy Corporation in its push to ensure food security. Also, the Energy Regulatory Commission (ERC) can use its persuasive powers so that the solar panels will have spaces where highvalue crops can be planted. This will result in an additional income for the farmers who may lose their farming income with the loss of the farms they till to solar panels. Surely, many agricultural plots that become solar farms will mean the loss of income for the farmers who use to derive income from them, which as per the Megawide narrative is unnecessary. Megawide is now building the largest solar power plant in Batangas —the biggest in its portfolio, which will be constructed in two phases over two years. The solar plant is expected to provide a much-needed boost to the Luzon Grid after its completion. We understand that the solar panels will co-exist with farm produce. The solar farm-cum-agri project has already gotten notice from the United Kingdom where the new buzzword on
Atty. Jose Ferdinand M. Rojas II
Forthcoming evolution of the CPA licensure examination
TSelfie mentality: Alice’s return in not-so-wonderland
Joel L. Tan-Torres
DEBIT CREDIT
Part one
here are recent developments in the accountancy world, particularly in the learning and professional licensure certification areas. In the learning area, accounting schools throughout the world are reviewing their education offerings and marketing efforts to reinvigorate the interest of ever-declining numbers who decide to pursue accounting studies. regulators of the accounting profession who provide certification and licensure examinations are also redesigning the framework of the tests to improve the assessment and qualification process for professional accountants.
It is crucial that these building blocks of the profession undergo evolution, if not transformation. The ills arising from the present set-up cannot be ignored. There is growing dissatisfaction among the employers of the accountants they hire due to their inability to meet corporate and industry expectations, locally and globally. Furthermore, government regulators are becoming wary of relying on the outputs of accountants due to their lapses in their preparation of such reports that have resulted in various irregularities in business transactions and compliance with laws and regulations in the past years.
The responses of the key decision-makers and stakeholders of the accounting profession are noteworthy. In the United States of America (USA), the American Institute of Certified Public Accountants (AICPA) Evolution Examinations was launched this year. This AICPA Evolution Examination transforms the previous CPA licensure model to equip the new CPAs with the skills and competencies that are required today and in the future. This Evolution examination marks the most significant change to the Uniform CPA Examination in many years. The AICPA Evolution Examination consists of two modules, called core and discipline. The core module contains three compulsory sections or subjects, to include, Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR) and Regulation (REG). The discipline module has three options, namely Business Analysis and Reporting (BAR), Information Systems and Control (ISC) and Tax Compliance and Planning (TCP).
The AICPA Evolution Examination candidate has to pass all three mandatory sections and select one of the three core subjects to take and pass the examination.
The candidate has to complete and pass all of the four sections within a certain period as prescribed by the various State Board of Accountancy in the 50 states in the USA, which administers the Examination. Presently, the period for most State Boards is 18 months with some reportedly up to 36 months for completion.
The Technical Committee for Accountancy of the Commission on Higher Education (CHED) has been reviewing, for the past years, the curriculum of the Bachelor of Science in Accountancy as prescribed under CHED Memorandum Order (CMO) No. 27 Series of 2017.
It was during my time as chairman of the BOA when this CMO was issued, together with three other CMOs for the curriculum of other specialized accounting courses. After more than seven years, the curriculum and practices for these accounting programs should be re-assessed and amended accordingly.
The Professional Regulatory Board of Accountancy (BOA) is
It is crucial that these building blocks of the profession undergo evolution, if not transformation. The ills arising from the present set-up cannot be ignored. There is growing dissatisfaction among the employers of the accountants they hire due to their inability to meet corporate and industry expectations, locally and globally. Furthermore, government regulators are becoming wary of relying on the outputs of accountants due to their lapses in their preparation of such reports that have resulted in various irregularities in business transactions and compliance with laws and regulations in the past years.
also responding commendably and appropriately. In December 2023, the BOA designated six Technical Working Groups (TWG) to formulate the syllabi for the Certified Public Accountants Licensure Examination (CPALE) Enhancement Project.
This project is intended to reformulate the existing CPALE to align with the AICPA Evolution Examination. The objectives and outcomes are similar to those of the US model. This is not surprising since the Philippines’ educational system and accounting framework are greatly patterned and influenced by the US.
The TWGs consisted of members from the academe and industry. BOA members participated in the deliberations of the six TWGs. I was able to participate in several of these discussions, including a Commissions on Higher Education Workshop on the Policies, Standards, and Guidelines on the Accountancy Undergraduate Program in August 2023, and the public consultations on the proposed LECPA syllabi completed by the TWGs in May 2024.
The public consultation meeting presented the recommendations of all six TWGs of the syllabi for six courses under the Enhanced CPALE. The results indicate that the prospects for an evolution of the Philippine CPA examinations are exciting but daunting. I support these directions for change. However, there are strategic and key issues and actions to make this evolution successful.
To be continued
TSiegfred Bueno Mison, Esq.
THE PATRIOT
he arrest of dismissed Bamban, Tarlac Mayor Alice Guo can be considered a milestone in the world of law enforcement. It took several “good guys” in government agencies, including foreign ones, to bring the fugitive back to the Philippines after some “bad guys” in some agencies presumably helped her escape. Unfortunately, the highlight (or lowlight) of the apprehension, in social media circles, appears to be the inappropriate behavior of government officials when the lady fugitive was in their custody. In fact, the Internet was pulsating with photographs and video footage/s visibly showing the apprehended mayor in cutesy poses along with agents of the National Bureau of Investigation (NBI) and Bureau of Immigration (BI), who were busy taking selfies. From Indonesia to Manila, photographs and videos abound, showing how these law enforcement officials secured snapshots every chance they could get with Alice Guo as if a K-pop celebrity has landed in our territory!
Curiously, one officer may have stood out. As can be gleaned from news reports of the press briefing, NBI’s Special Task Force Atty. Joselito Valle could be seen busy attending to the needs of the dismissed mayor, as if the agent was Guo’s personal assistant. He was seen offering Guo with what appears as an alcohol and patiently waiting to get one selfie shot after another – as in many times over. If such conduct is the NBI standard operating procedure of handling an apprehended fugitive, then Atty. Valle, with all due respect, should have demonstrated the same behavior and took on the same amount of selfie snapshots when he was the agent-on-case in the entrapment operation pertaining to the stolen Amorsolo painting from the Hofilena Museum in Silay, Negros Occidental in July. Maybe he did a similar procedure then, but, fortunately or unfortunately, such selfie documentation, if ever, did not reach social media.
Clearly bothered by the seeming impropriety, NBI Director Jaime Santiago clarified, with humility, that such behavior can be attributed to the sheer elation from an otherwise tedious yet fruitful manhunt. After days of intense surveillance and processing tips/leads from informants, the exhilarated and re-
lieved operatives celebrated in such manner. Apology must have been accepted even inasmuch as President Marcos practically justified such conduct by saying that taking selfies has been part of the “new culture” at this day and age in the Philippines. In separate radio interviews, Dr. Naval, a professor of Language, Literature, and Pop Culture at the University of the Philippines found nothing alarming at the fact of arresting agents taking selfie photos with a fugitive. For him, he can relate to the ecstatic relief of these agents who scored a win amid difficult conditions. In contrast, the so-called Father of Modern Philippine Selfie, Dr. Xiao Chua explained that the fact of taking selfies in that particular context ultimately depends on the purpose of taking or documenting such event. There appears nothing objectionable in taking a selfie with a known fugitive, for one’s personal archives, but the moment such selfie becomes public, as in this instant case, then everything becomes objectionable.
With the elevation of technology and the influence of social media, there could be a thin line now in ascertaining whether taking selfies with fugitives from justice infringes on professional decorum. Most dictionaries define decorum as a behav-
With the elevation of technology and the influence of social media, there could be a thin line now in ascertaining whether taking selfies with fugitives from justice infringes on professional decorum. Most dictionaries define decorum as a behavior that people consider to be correct, polite, and respectable.
ior that people consider to be correct, polite, and respectable. Decorum is synonymous with propriety, decency, etiquette, and breeding. Taking a selfie for one’s personal record appears to be within bounds of decency. But the fact of taking numerous photographs with an apprehended person, while in public, apart from giving “special treatment,” may be difficult to categorize, depending on the circumstances behind said action.
Law enforcement officers (NBI, PNP, BI) are expected to observe ethical acts such as morality, judicious use of authority, integrity, justice, humility, orderliness and perseverance. Section 5, Article IV of its Ethical Standards, the National Police Commission (NAPOLCOM) prescribes norms to be observed in seemingly mundane areas of conduct like social graces, attire and table manners. If these standards are imposed on haircut and manner of walking, with all the more reason that the same standards ought to be imposed during arrests. Recalling the manhunt (and killing) of Al-Qaeda leader Osama Bin Laden in the year 2011, and if only to bring home a point, I can only imagine how the public will violently react in case US Navy SEALs, who were involved in the raid, smilingly and eagerly took their turns in taking selfies with the slain Bin Laden. Perhaps some of them did, for posterity purposes. But if such personal documentation found their way on the Internet, there would be an outcry from the American public for sure.
Whether the arrest involves an Alice Guo or Osama Bin Laden or Apollo Quiboloy, under no circumstance should a law enforcement officer fail to observe proper decorum. All law enforcement officers are mandated
to observe the strict rules on proper decorum, which necessarily include a degree of restraint in posing for photographs, especially selfies, in the arrests of fugitives. No excuses, from my point of view. Whether uniformed men or civilians alike, proper behavior has been encouraged by, if not taught to us. The Holy Bible sets an enduring set of instructions on decency and propriety in our day-to-day activities. As found in 1 Corinthians 14:40, the apostle Paul tells us, “Let all things be done decently and in order.” The word “decently” is sourced from the Greek word “euschemonos,” or to do something honestly, which carries the notion of something that is done properly. Whereas the word “order” is the Greek word taksis, which carries the idea of something done in a fitting way. As such, the proper decorum directive for all believers is to do everything “in a fitting and proper manner that is organized, well-planned, respectful, well-mannered, and polite.”
With emphasis on the last three adjectives (respectful, wellmannered, polite), the act of taking incessant selfie photos with a fugitive, in front of the media and onlookers, falls short of this prescribed decorum, both as per the law of the land and of the law of the Lord. I say this, and most believers hopefully agree, not to condemn the past but to rectify and prevent others from doing the same in the future. After all, believers should share that “selfie mentality”, literally and figuratively speaking, wherein one takes selfies to commemorate milestone events while understanding that one should look at “self” first before putting blame or condemnation to others. Both of these actions comply with the proper decorum directive.
A former infantry and intelligence officer in the Army, Siegfred Mison showcased his servant leadership philosophy in organizations such as the Integrated Bar of the Philippines, Malcolm Law Offices, Infogix Inc., University of the East, Bureau of Immigration, and Philippine Airlines. He is a graduate of West Point in New York, Ateneo Law School, and University of Southern California. A corporate lawyer by profession, he is an inspirational teacher and a Spirit-filled writer with a mission. For questions and comments, please e-mail me at sbmison@gmail.com.
Germany sails warship in Taiwan Strait, first in 22 years
By Yian Lee & Arne Delfs
GerMAN y sent its first warship through the Taiwan Strait in 22 years, defying China’s warnings as relations between the two sides fray over trade and russia’s war in Ukraine.
The Baden-Württemberg frigate and a support vessel sailed through the strait on Friday, Defense Minister Boris Pistorius said at a news conference in Berlin.
“International waters are international waters,” Pistorius told reporters. “It is the shortest and, given the weather conditions, also the safest route,” he added. Asked about the ship’s voyage later on Friday, Chancellor Olaf Scholz said: “There’s not much to say about the passage of ships. It’s an international waterway.”
China said in a statement posted on the Eastern Theater Command’s Wechat account on Saturday that the move posed a “security risk” along the Taiwan Strait and sent “incorrect signals.” China’s Eastern Theater is always on high alert and will resolutely counter all threats and provocations, spokesperson Colonel Li Xi said.
The Chinese People’s Liberation Army has organized sea and air forces in the area to follow and guard the whole process, according to the statement.
Joel L. Tan-Torres was a former Commissioner of the Bureau of Internal Revenue. He has also held the various positions of Dean of the University of the Philippines Virata School of Business, Chairman of the Professional Regulatory Board of Accountancy, Tax partner of Reyes Tacandong & Co. and the SyCip Gorres and Velayo & Co., and director of various corporate boards. He is a Certified Public Accountant who garnered No. 1 in the CPA Board Examination of May 1979. He is now back to his tax and consultancy practice and can be contacted at joeltantorress@yahoo.com and his firm JL2T Consulting. climate change is atop all business ventures. The rush to venture into clean energy systems arose from
Berlin’s decision to go ahead with the rare voyage risks angering Beijing, which has ramped up military, economic and diplomatic pressure on Taiwanese President Lai Chingte, who refuses to endorse the claim that his democratically run island is part of China. Beijing hasn’t ruled out taking the territory by force.
Chinese Foreign Ministry spokeswoman Mao Ning called any transit an “act of provocation under the pretext of freedom of navigation” this month, when asked about Berlin’s plans. Such actions “harm China’s sovereignty and security,” she said.
Germany’s move highlights a growing willingness by US partners to defy President Xi Jinping and send vessels through one of the world’s busiest shipping lanes. China doesn’t c laim sovereignty over the strait, but wants to regulate the waterway and protests transits by foreign powers.
European Union countries have been increasing their presence in the Indo-Pacific region more broadly this year, according to Hsu Chih-hsiang, assistant analyst at Taiwan’s Insti-
the disruptions caused by super typhoons and
tute for National Defense and Security Research.
“EU nations are not likely to send over vessels or troops if China invades Taiwan,” he said. “But they’re still able to send warship in peacetime to show their concerns.”
Germany mulled sending a frigate through the Taiwan Strait several years ago but canceled the plan as then-Chancellor Angela Merkel didn’t want to irritate China, he said. The US conducts regular transits through the strait, and France, the United Kingdom and Canada have all sent vessels in recent years.
China’s military has become more assertive toward Taipei, earlier this year sending a record swarm of warplanes across a US-drawn boundary in the Taiwan Strait. That comes as Beijing increasingly clashes with US ally the Philippines in the nearby South China Sea, where Xi also has territorial claims.
Pistorius sounded the alarm earlier this year over China’s growing military ambitions in the Indo-Pacific. “Fear is growing over Beijing’s military buildup,” he said, also citing “its aggressive economic policies and its open quest for geopolitical dominance.”
Berlin is trying to balance those security concerns with its important economic relationship with China. Scholz lined up with Spanish Prime
wind projects, in various stages of advanced development and readyto-build/under-construction
Minister Pedro Sanchez this week, calling for the EU to reconsider imposing tariffs on Chinese-made electric cars amid concerns the move could backfire on their domestic industries.
Relations between Berlin and Beijing have cooled under Scholz, who has criticized the world’s No. 2 economy for flooding his market with cheap products. The Chinese leader’s support for Russia despite its war in Ukraine has become another thorny issue in bilateral ties.
Michael Roth, chairman of the German parliament’s foreign affairs committee, earlier this month defended his nation’s actions.
“A transit is not a provocation,” Roth, a member of Scholz’s Social Democratic Party and a former deputy foreign minister, wrote on X. “We stand for peace and security in the Taiwan Strait and oppose any unilateral and violent changes to the status quo by China.”
Germany’s latest move was likely aimed at warning China against military adventurism, said Lin Po-Chou, an assistant research fellow at the Institute for National Defense and Security Research in Taipei.
“It’s becoming important for Western countries to deter China’s potential invasion of Taiwan in peacetime,” he said. With assistance from Jing Li, Iain Rogers and Tian Ying /Bloomberg
PHL urged to tweak rules to expand trade with Australia
By Andrea E. San Juan @andreasanjuan
MANILA should implement policy reforms and remove hurdles to trade and investments, such as stringent import licensing rules, if it intends to become one of the 10 major trading partners of Australia.
“ One of the things they talked about is government’s need to remove (obstacles) to trade and investments. So, both the Philippines and Australia have to carefully look at regulation and rules to see whether there are unnecessary blockages,” Australian Ambassador the Philippines Hae Kyong Yu told the BusinessMirror on the sidelines of the Australian Business Briefing last Friday.
“ So, for our Australian exporters that actually export stuff to here, they are only allowed 20 days to import something based on the import license. But some of the products by the time they ship it across, it takes longer than 20 days so some of them are in the process of having to reapply for that license so we had a good discussion with the Department
of Agriculture,” Yu added.
T he Australian ambassador said the Australian government is hoping that this “one small barrier” will eventually be removed.
Th is was among the issues raised by Yun when she was asked how the Philippines can step up to enhance its trade with Australia. Yu noted that bilateral between the two countries is “not good enough.”
“ Despite this huge economic growth that you’re going through, despite your wonderful asset—the people and despite being endowed with natural resources, the Australia-Philippine bilateral trade relationship is only Australia’s 15th largest.
T hat’s not good enough. You shouldn’t be 15th, you should be at least in the top 10. That’s what we’ll work for,” said Yu in her remarks at the Australian Business Briefing.
A part from addressing barriers to trade, Yu is encouraging the Philippines to “act on missions” to Australia to “build relationships, find out what their strengths are, actively explore what they’re interested in.”
F or instance, the Australian envoy said they touched base with agricultural stakeholders in the Philippines.
“ They could see straight away how they could partner with some of their Philippine counterparts to grow high-value fruit and vegetables here and look at how we can make more trade on grains for your poultry market and for the Philippines to go and learn about some of the technology so they can actually bring it back here to adopt that in their agrifood business,” she said.
Y u also said Canberra is committed to helping the Philippines achieve its dream of attaining upper middle income status.
We want to be a significant partner to you in achieving that objective,” she said.
Just last week, Canberra said it aims to launch a AU$45-million economic growth development plan for the Philippines by early 2025.
We are in the final stages of finalizing our $45 million worth economic growth development plan for you from the embassy. So that’s how committed we are to
work with the Philippines to help you trade and invest better,” Yu said during the Australian Business Mission to the Philippines held Friday in Makati City.
Yu told reporters that “a big chunk” of this is about helping the Philippines achieve “good economic reforms.” She said this program has a five-year timeframe.
T he Australian envoy noted that this program is being “codesigned” with the Philippine government.
“ We’re actually engaging with all the relevant departments in the Philippine system to work out what it is that they actually need the most.”
A t least 14 Australian businesses flocked to the Philippines to explore trade and investment opportunities from September 5 to 6. (See: https://businessmirror.com.ph/2024/09/06/ canberra-eyes-au45-m-phleconomic-development-plan/)
A s of 2023, trade between the Philippines and Australia was valued at P378 billion which, P229 billion comprise of goods while services account for P149 billion.
Editor: Jennifer A. Ng
Ang asks for a little patience for Naia modernization tack
By Lorenz S. Marasigan @lorenzmarasigan
THE New Naia Infra Corp. (NNIC), the consortium now managing the Ninoy Aquino International Airport (Naia), is urging the public to remain patient as it embarks on an ambitious P170-billion modernization project aimed at transforming the 76-year-old airport into a worldclass facility.
NNIC President Ramon S. Ang
said that the company has taken over the operations of the decadesold Naia and will now start working on the multibillion-peso initiative to rehabilitate and modernize the airport. “We ask the public for their patience. This [modernization] will take time; but we will work hard to make quick improvements within the first three [months] to six
months,” he said.
Led by San Miguel Corp. (SMC) and the Incheon International Airport Corp., the NNIC announced it has laid out a phased plan to improve the airport’s infrastructure, increase passenger capacity from 43 million to 62 million annually and boost air traffic movements from 42 to 48 per hour.
According to the company, the plans include making immediate improvements to Naia’s facilities in the short term. Within the next three to six months, travelers can expect to see functional escalators and toilets, stable power and water supplies, better air conditioning, upgraded baggage handling systems, faster passenger processing, more seating and enhanced WiFi connectivity, the company revealed.
Looking ahead, the NNIC has outlined a comprehensive 3-year
plan that includes runway improvements, expanded terminal capacity, enhanced commercial spaces and a direct link from Naia Terminal 3 to the Skyway system.
Long-term goals include building a new terminal to accommodate an additional 35 million passengers annually, improving flood mitigation in surrounding areas, and linking Naia to the Metro Manila Subway.
The government stands to gain approximately P1 trillion in revenues over the 25-year public-private partnership (PPP) concession period. This includes an 82.16-percent revenue share that will be remitted yearly.
“With continued support and cooperation from the government, airlines, passengers, and airport staff, we can achieve all our targets and transform NAIA into an airport every Filipino can be proud of,” Ang said.
AGI to put up casino in Boracay
By VG Cabuag @villygc
BuSINeSSMAN Andrew Tan’s Alliance Global Group Inc.
(PSe: AGI) is pouring some $300 million in investments to put up an integrated resort and casino in Boracay island.
AGI President and CeO Kevin Andrew L. Tan said the project will be carried out by the Travellers International Hotel Group Inc. and will start operating by end of next year as the company has been planning for the project for too long.
“It’s not going to be very big. It’s like a boutique style; a boutique ca-
sino, because we don’t want a big structure in Boracay. We want it to be just right for the island,” Tan told reporters. “We’re having a more sustainable design so it will be right for the island.”
The Boracay World Resorts, the name of the property, will elevate the island’s appeal to tourists from all over the globe even more, Tan said.
AGI currently owns the 80-hectare Fairways and Bluewater Boracay, which has the island’s only golf course, a 6,524-yard, 18-hole, par 72 Graham Marsh-designed fairway that has served as a venue to international golf events.
“Our group currently owns
150-hectare called the Boracay New Coast (which includes Fairways). And in this area, we have an 18-hole golf course and our own one-kilometer pilot beach and also close to 2,000 hotel room keys,” Tan said.
Travellers, he said, also built a private resort with its own two standing villas and hotel suites.
“This unique feature will elevate Boracay World Resorts to an elite league of destinations and abilities, posing the rare distinction of having its own golf course, pilot beach, redefining luxury by seamlessly combining the natural beauty of Boracay with the excitement and sophistication of a modern integrated
resort,” Tan added. Tan earlier said the company is pouring some $400 million for an integrated resort and casino in Cebu, which it will call the Mactan World Resort.
“It will be the latest integrated resort to rise in our Cebu Township and will be located just 20 minutes away from the Mactan Cebu International Airport, the country’s second busiest international gateway,” he said.
The firm expects the integrated resort completed by 2026.
Once completed, this gaming and leisure hub is expected to provide more than 5,000 new jobs to the residents of nearby city’s community, according to Tan.
Malaysia’s casino on poll plate
AN Islamic party said it was prepared to shut down Malaysia’s only casino if it wins control of the state where it is located, as the group looks to build its influence in the Southeast Asian nation.
A senior official from Parti Islam Se-Malaysia said if voters in central Pahang state—home to Genting Bhd.’s casino—want gambling to end, they should choose the Islamic party. The party is tapping into concerns by the country’s Muslim majority over gambling, which is forbidden in the Koran.
The PAS has been growing its influence since the 2022 elections
made it the biggest party in federal parliament. It already controls four of Malaysia’s 13 states and is looking to capture Pahang in the next national election that must be held by early 2028.
“Gambling is harmful, so we have to close it,” Andansura Rabu, PAS’ deputy commissioner for Pahang, said at the party’s annual gathering. “But it must be in accordance with the laws and constitution.”
The federal government decides on casino and gaming permits in Malaysia and gaming is one of the most regulated sectors in the country. Prime Minister Anwar Ibrahim earlier this year ruled out the possi-
bility of opening a second casino resort after a Bloomberg News report. Genting’s casino contributed as much as 5 billion ringgit ($1.16 billion) annually to government coffers before the pandemic, according to a report by uOB Kay Hian, a Singapore-based brokerage. When PAS emerged as the biggest party after 2022 elections, Genting shares slid but recovered as Anwar formed a unity government made up of liberals, a Chinese-dominant party and regional groups.
Still, the growing influence of the Islamic party in national politics has pushed Anwar to turn more conservative to burnish his own credentials
with voters. Last year his government canceled a concert after two members of a British band The 1975 shared a same-sex kiss on stage, and banned Swatch watches that showcase Pride colors.
At the annual gathering held this weekend in Pahang, PAS has ruled out working with Anwar’s coalition and pledged to champion Islamic issues. Banning alcohol and gambling in Malaysia would be key, the party has said.
“Anything that can harm society, we must together support its destruction,” Andasura said of gambling. “This isn’t a matter of religion, it’s a social issue.” Bloomberg News
ATOP executive of Semirara Mining and Power Corp. (PSe: SCC) is banking on an improved performance of the firm’s power business, possibly resulting in a “better income” in the second half of the year.
“We’re looking at a better income; better than the first half this year,” SCC President and COO Maria Cristina C. Gotianun said citing that the 300 megawatts (MW) from a subsidiary “will hopefully cover the outage incidents of the other power plants.”
Gotianun was referring to SemCalaca Power Corp. (SCPC) unit 2, which resumed operations in June this year after it underwent a 77day planned maintenance outage.
She said the plant’s contribution to SCC’s income would be recognized in the second half.
When asked how much revenue will the power business contribute in SCC’s full-year financial performance, Gotianun said “it really depends on the W eSM (Wholesale elec-
tricity Spot Market Prices) prices.”
SCC’s first half income declined by 34 percent to P12.6 billion from P19.2 billion in the same period a year ago mainly on account of weakened coal prices. In the second quarter alone, SCC saw its net income plunge by 41 percent to P6 billion, as coal and electricity prices continued to subside from historic levels.
From April to June, the average Newcastle Index (NeWC) and Indonesian Coal Index 4 (ICI4) both declined by 16 percent. The Average NeWC fell from $160.7 to $135.6 while the ICI4 dropped from $65 to $55. Overall average selling price (ASP) of electricity decreased by 10 percent, from P6.22 per kilowatt hour (kWh) to P5.58/kWh, due to lower spot market prices and fuel costs for baseload plants.
Quarter-over-quarter, SCC net income contracted by eight percent from P6.5 billion owing to lower coal and electricity sales volume and average selling prices. Lenie Lectura
Firm interested in developing Davao Airport, DOTr reveals
By Lorenz S. Marasigan @lorenzmarasigan
THE government has received an informal interest from a conglomerate regarding the development of Francisco Bangoy International Airport in Davao, the chief of the Department of Transportation (DOTr) said.
Bautista later confirmed that the airport in question is Davao International Airport, although no formal documents have been presented yet.
“It should be submitted this year because if they don’t, I am planning to make it a solicited project,” he said, explaining that the government now has a template in the form of the Ninoy Aquino International Airport (Naia) redevelopment publicprivate partnership (PPP) deal.
in redeveloping the Davao International Airport. During the previous administration, Davao businessman Dennis A. Uy, a known ally of former President Rodrigo R. Duterte, submitted a P49-billion proposal to modernize Mindanao’s main gateway. The proposal was rejected due to deficiencies in the submission.
While the agency is open to receiving the unsolicited proposal, Bautista noted that the government has already engaged the Asian Development Bank (ADB) as the transaction advisor for the solicited route.
Transportation Secretary Jaime J. Bautista revealed the interest at the sidelines of the inaugural aviation forum sponsored by the Economic Journalists Association of the Philippines (Ejap) and San Miguel Corp. (SMC). Bautista said that while no formal proposal has been submitted, discussions are underway.
Bautista said last week that he received a call “from one conglomerate informing me of their interest to submit an unsolicited proposal for a major airport.” He didn’t name the conglomerate, though.
“With a solicited proposal, it only takes one year,” Bautista explained, highlighting the efficiency of solicited tenders over unsolicited ones. “Look at the unsolicited proposal for Laguindingan; it started in 2017, and we’re only implementing it now.”
It is not the first time that a private group expressed interest
The Francisco Bangoy International Airport, the third largest airport in the Philippines, serves as a critical hub in Mindanao and is seen as a key infrastructure project for boosting regional growth.
said that chartwise, if the market holds ground at 7,000, its trading range is seen from 7,000 points to 7,150 points.
stock picks
BROKER Regina Capital Development Corp. gave a “buy” rating on VistaREIT Inc. (PSE: VREIT) despite seeing the bottom line of the real estate investment trust of the Villar group taking a big hit: dropping by 97 percent to P377 million in the second quarter. The broker said the drop was mostly due to the P13 billion fair value adjustment from last year, linked to investment property appraisals.
“If you take that out, VREIT actually saw a 23 percent year-on-year jump, thanks to stronger rental income,” the broker said.
“It is a good thing that the mall segment continues to thrive, powered by strong consumer spending. With
San Leonardo rural bank braved ’23 lending risks
DESPITE the risks associated with lending to vulnerable sectors, the New Rural Bank of San Leonardo (NRBSL) increased its lending to farmers and fisherfolk in 2023.
In a report to its stockholders, the NRBSL said it extended loans to an addition of 2,506 farmers, fisherfolk, and livestock raisers increasing its credit exposure by P123 million in favor of the agriculture sector.
In total, the rural bank has extended pro-poor loans to a toatl of 10,317 individuals for an outstanding credit of P623.49 million as of 2023 for vulnerable individuals.
“The support in favor of this key segment will continue and will not waver despite the relaxation of the mandatory credit allocation for agriagra projects which ironically favored the non-compliant banks instead of giving incentives and protection to practitioners of small agri-lending like your Bank,” NRBSL said in its report.
The NRBSL’s pro-poor loans accounted for 85.07 percent of individuals and 55.04 percent of the amount of loans extended by the bank in 2023.
The total loan portfolio (TLP) of the bank extended loans to 12,127 individuals and covered a total of P1.13 billion worth of loans.
“The statistics only show that while your Bank was not mindfully on a growth-targeting mode in 2023 it clearly remained missionconscious in its stance,” NRBSL said.
“Although it may be true that the economic situation had generally improved, its positive impact was unevenly felt and it was talking a longer time for sectors in the margins to recover,” it added.
Nonetheless, the NRBSL said, there was still a need to balance these
efforts to ensure sound financial management of the bank. In 2023, the rural bank said it focused on reducing its delinquency rates which stood at 19.58 percent or P221.8 million of its TLP.
The NRBSL admitted that reducing its delinquency ratio to below 20 percent in 2023 from 22.2 percent of its TLP in 2022 was a challenge due to the failure of borrowers to sustain on-time loan repayments.
It also required the constitution of a collections department with a full staff complement composed by a Department Head, two supervisors and four collection personnel.
The rural bank also crafted an improved framework in delinquency management to address various loan products, from mortgagedsecured loans, small agricultural loans, to written off accounts, among others.
“This time the difficulty of borrowers to meet loan payment obligations is traced not only on pandemicrelated recovery woes but to weather disturbances and supply-driven inflation,” the NRBSL said.
“Also, the newly-constituted Collections Department both its leadership and composition need time to mature and their coordination with marketing group requires deeper definition,” it added.
For 2024, the NBRSL said it is ready to revive its forward looking approach. Taking its cue from the efforts of the Bangko Sentral ng Pilipinas to provide risk-adjusted inflation forecasts, the bank will also adopt a similar approach for its objectives.
The bank will continue to focus on the small agricultural sector but it will pursue “creative approaches” to prevent credit risks such as partnerships. Cai U. Ordinario
Chinabank to grow credit card instant issuance plan
CHINA Banking Corp. (PSE: CBC) announced expanding its instant-issuance process program, the first and only type of credit card issuance in the Philippines where one can secure the activated card in 30 minutes.
“We understand that with today’s times, everyone moves at a fast pace and convenience matters,” CBC Consumer Banking Segment Head Aloysius C. Alday Jr. said adding the lender “is committed to making credit easily accessible for everyone. “ Alday added that through their “credit card instant issuance” program, one can get credit decision and physical credit card within 30 minutes.”
“This will allow everyone to use
the card instantly,” he said.
According to the lender, applicants should have their existing principal credit card from another bank, held for at least one year, and a valid government-issued ID. They should complete an interview with a Chinabank sales personnel, who will collect your information for the application process. The applicant can select the preferred credit card product, albeit the final issuance is subject to credit evaluation.
“Wait for an SMS update on the application status and, when approved, pick up the Chinabank Credit Card at the booth and activate the card,” the lender explained.
The lender piloted the program last July at a mall in Manila.
Online dating caused rise in US income inequality
ONLINE dating may be partially to blame for an increase in income inequality in the US in recent decades, according to a research paper.
Since the emergence of dating apps that allow people to look for a partner based on criteria including education, Americans have increasingly been marrying someone more like themselves. That accounts for about half of the rise in income inequality among households between 1980 and 2020, researchers from the Federal Reserve Banks of Dallas and St. Louis and Haverford College found.
Using data from the Census Bureau’s American Community Survey from 2008 to 2021, when online dating quickly became prevalent, the economists found that women became slightly more selective when choosing partners based on age, while men became slightly more selective based on education.
But when the researchers compared
Income from mixed sources boosts BSP’s H1 bottomline
By Cai U. Ordinario @caiordinario
THE net income of the Bangko Setral ng Pilipinas (BSP) nearly quintupled in the January to June period this year compared to the same period last year.
The data showed the central bank’s net income after tax and capital reserves reached P85.5 billion in January to June 2024, a 331.82 percent increase from the P19.86 billion posted in the same period last year.
The BSP’s net income after tax and capital reserves was the highest since the P89.7 billion recorded in January
TBy VG Cabuag @villygc
HE Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has launched a payment solution that allows RCBC Mastercard credit cardholders to make secure, contactless payments using their NFC-compatible Android smartphones.
Called “RCBC Pay,” the platform uses advanced “Near Field Communication” (NFC) technology, which allows credit cardholders to pay by tapping their Android smart phones and enjoy the benefits of their Mastercard, without needing to carry the physical card.
This innovation is set to transform the payment experience by offering a fast, convenient and secure
CAGAYAN DE ORO CITY—
The Region 10 office of the Department of Science and Technology (DOST-10) announced training 72 people in crafting effective proposals for innovation projects in Northern Mindanao.
In a statement, the DOST-10 said this was accomplished through a 2-day writeshop on September 3 by the office’s Regional Research, Development and Innovation CommitteeX (RRDIC-X) at the N Hotel here.
“The goal of the workshop is to increase the number of project proposals from Region 10 that will receive grants from the National Innovation Fund,” read the statement.
“The RRDIC-X invited seasoned innovators to train the participants from the state universities and colleges, national government agencies and local government units.”
that with data on married couples from 1960 and 1980, they found that people in the recent period increasingly went for partners with the same wage and education levels. And while many people married someone of the same ethnicity, people became less and less selective on race over time. Who people marry has a major impact on household income. The research shows that the two main contributors to inequality through the selection of a future spouse are education and skills. They are followed, to a much lesser extent, by income and age, while race plays a relatively inconsequential role, co-author Paulina Restrepo-Echavarría, an economic policy advisor at the St. Louis Fed, said in a blog post describing the paper. Overall, the predominance of online apps to find a future partner has led to a 3-percentage-point increase in the Gini coefficient—a widely used measure of income inequality, the research shows. Bloomberg News
In the past, Northern Mindanao has only secured one innovation project every year, explained the DOST10. The funded projects include establishing the Farmers Information and Technology Services Center Innovation Program in Camiguin in 2022 and the Fabrication Laboratory
ABOUT two thirds of Australian baby boomers leaving the workforce don’t have enough pension savings to retire comfortably, according to research from the industry’s peak body. Slightly more than 30 percent of Australians are able to afford a comfortable lifestyle in retirement, the Association of Superannuation Funds of Australia said. The median pension account balance for men aged 60-64 sat at A$205,385 ($137,690) as of June 2022 and A$153,685 for women the same age, a ways off the industry’s accepted comfortable re-
to November 2022. According to the BSP, miscellaneous income includes trading gains/ losses, fees, penalties and other operating income, among others. Factors that contributed to the growth in income included record performances in miscellaneous income, which nearly quadrupled or
method of transaction, according to the country’s sixth-largest lender in terms of assets.
According to RCBC, the platform was developed and deployed by Singapore-based payment technology and security provider Thales Solutions Asia Pte Ltd.
“RCBC Pay represents our commitment to embracing digital transformation and enhancing the convenience for our customers. By collaborating with Mastercard and Thales, we are able to provide a secure and efficient payment solution that meets the evolving needs of today’s consumers,” RCBC Bankard Services Corp. President and CEO Arniel Vincent B. Ong said.
Mastercard Transaction Ser-
vices (Philippines) Inc. Head Simon Javie A. Calasanz said the NFC infrastructure in the country is more prevalent now, compared with prepandemic.
“In the Philippines, pre-pandemic, if you take a look at the numbers, I would say contactless was about single-digit in terms of number of transactions using contactless,” added Calasanz, a former executive of RCBC Bankard. “But now, 40 percent of transactions are already done on contactless technology.
He added that they are “in discussion with other banks.”
“So you’ll see this becoming a more common payment method in the future,” Calasanz said adding that demand for the service is high.
“In fact, if you take a look at Asia-
for Hull Research at the University of Science and Technology of Southern Philippines in 2023, it added.
“Innovation is the cornerstone of progress. The Philippine Innovation Act recognizes innovation as ‘the creation, development, and commercialization of new or improved products, processes, or services that
tirement standard of A$690,000 for couples and A$595,000 for singles.
As the nation’s pension pool nears A$4 trillion, an estimated 2.5 million Australians are expected to retire in the next decade. The pension industry—known locally as superannuation—was made compulsory for all workers in 1992, with contributions equal to 3 percent of wages. The amount employers contribute has grown to 11.5 percent and will rise to 12 percent next year. Still, as the pension system matures and balances increase, the portion of people retiring with enough
significantly benefit the economy and society,’,” DOST-10 Regional Director Romela N. Ratilla said in her opening message.
Oro Chamber of Commerce Executive Director Queritess Q. Queja emphasized user-centric design (UCD) as a template for developing effective innovations. UCD means
money to fund a comfortable lifestyle will rise to 50 percent or more by 2050, ASFA Chief Executive Officer Mary Delahunty said in an interview.
“The people retiring now have not had a full benefit for their working life,” Delahunty said. “So they will still require a good level of government help, or help from the rest of us, to be able to retire with dignity.” Anxiety around retirement savings persists even as Australia regularly ranks among the world’s top pension systems. Some 40 percent of Australians say they’ll never have enough money to retire
Pacific averages, pre-pandemic, probably 1 in 3 transactions were being done on contactless. But now, Asia-Pacific, 2 out of 3 transactions are already on contactless technology,” he said. “Now specific to mobile contactless, using the mobile phone to tap, 1 out of 4 transactions were done on mobile.”
“Thales is delighted to support RCBC and Mastercard in delivering RCBC Pay. Our advanced security technologies ensure that users can make contactless payments with confidence, knowing their transactions are protected by the highest standards of security,” said Nassir Ghrous, Thales Solutions vice president for banking and payment services in Asia, Middle East and Africa.
that designers set out to create a product that reflects the user’s needs and preferences.
A winning proposal is an innovation that solves the market gaps.
“We have to make sure that our innovations that we intend to propose should have a market. It should be market-driven, meaning to say, that at the end of the day, someone is going to use the output of our proposal,” said Ruel B. Paclipan, Regional Director the Department of Trade and Industry.
Jinky B. Bornales, project leader at the Mindanao State UniversityIligan Institute of Technology (MSUIIT), was invited as the guest trainer for the second day of the write shop, emphasizing the technical writing guidelines for writing a proposal.
National Economic and Development Authority10 Regional Director Mylah Faye Aurora B. Cariño emphasized the importance of the write-shop.
“What we really wanted out of this training is that we would be able to come up with proposals that would drive regional development,” Cariño said.
despite the country boasting one of the world’s most envied pensions systems, according to a Natixis Investment Managers survey released last week.
“Lots of people are concerned about the comfort and ability of retirees at the moment because of the cost of living rises,” Delahunty said. Balances were down slightly in the 12 months to June 2022 compared to the previous year due to poor investment returns, but have since averaged an annual return of more than 9 percent, Delahunty said. Bloomberg News
Department of trade and Industry regional Director (OIC) ruel B. paclipan gives a recap and a message to the writeshop participants. CREDIT: DEpaRTmEnT of SCIEnCE anD TEChnology
Google’s ad auctions explained: The centerpiece of a landmark monopoly trial
By Matthew Barakat AP Business Writer
ALEXANDRIA, Virginia—
It happens in milliseconds, ideally, as you browse the web. Networks of computers and software analyze who you are, what you are looking at and buy and sell the advertisements you see on web pages.
The company that most likely determines which ads you get, and how much an advertiser paid to get on your screen, is Google.
In fact, the Justice Department and a coalition of states say Google’s dominance over the technology that controls the sale of billions of Internet display ads every day is so thorough that it constitutes an illegal monopoly that should be broken up.
A trial under way in federal court in Alexandria, Virginia, will determine if Google’s ad tech stack constitutes an illegal monopoly. The first week has included a deep dive into exactly how Google’s products
work together to conduct behindthe-scenes electronic auctions that place ads in front of consumers in the blink of an eye.
Online advertising has rapidly evolved. Fifteen or so years ago, if you saw an internet display ad, there was a pretty good chance it featured people dancing over their enthusiasm for low mortgage rates, and those ads were foisted on you whether you were looking at real estate or searching for baseball scores.
Now, the algorithms that match ads to your interests are carefully calibrated, sometimes to an almost creepy extent.
Google, for its part, says it has invested billions of dollars to improve the quality of ads that consumers see, and ensure that advertisers can reach the consumers they’re seeking.
The Justice Department contends that what Google has also done over the years is rig the automated auctions of ad sales to favor itself over other would-be players in the industry, and also deprived the publishing industry of hundreds of millions of dollars it would have received if the auctions were truly competitive.
Government witnesses have explained the auction process and how it has evolved over the years in detail at the Virginia trial.
In the government’s depiction, there are three distinct tools that interact to sell an ad and place it in front of a consumer. There’s the ad servers used by publishers to sell space on their websites, particularly the rectangular ads that appear on the top and right-hand side of a web page. Ad networks are used by advertisers to buy ad space across an array of relevant websites.
And in between is the ad exchange, which matches the website publisher to the would-be advertiser by hosting an instant auction.
Publishers naturally want to re -
ceive as high a price as possible for their ad space, but testimony at trial has shown that didn’t always happen due to the rules Google imposed.
For years, Google gave its ad exchange, called AdX, the first chance to match a publisher’s proposed floor price. For instance, if a publisher wanted to sell a specific ad impression for a minimum of 50 cents, Google’s software would give its own ad exchange the first chance to purchase. If Google’s ad exchange bid 50 cents, it would win the auction, even if competing ad exchanges down the line were willing to pay more.
Google said the system was necessary to ensure ads loaded quickly. If the computers entertained bids from every ad exchange, it would take too long.
Publishers, dissatisfied with this system, found a workaround to conduct the auctions outside of Google’s purview, a process that became known as “header bidding.” Internal Google documents introduced at trial described header bidding as an “existential threat” to Google’s market share.
Google’s response relied on its control of all three components of the process. If publishers conducted an auction outside Google’s purview
but they still used Google’s publisher ad server, called DoubleClick For Publishers, that software forced the winning bid back into Google’s Ad Exchange. If Google was willing to match the price that publishers had received under the headerbidding auction, Google would win the auction.
Professor Ramamoorthi Ravi, an expert at Carnegie Mellon University, said rules imposed by Google failed to maximize value for publishers and “seem to have been designed to advantage Google’s own products.”
Publishers could stop using Google’s ad exchange entirely, but at trial said they were reluctant to do so because then they would also lose access to Google’s huge, exclusive cache of advertisers in its Google Ads network, which was only available through Google’s ad exchange.
Google, for its part, says it hasn’t run auctions this way since 2019, and that in the last five years Google’s share of the display ad market has begun to erode. It says that tying its buy side, sell side and middleman products together helps them run seamlessly and quickly, and minimizes fraudulent ads or malware risks.
Google also says its innovations
over the last 15 years fueled the improvements in matching online ads to consumer interests. Google says it was at the forefront of introducing “real-time bidding,” which allowed an advertiser selling shoes, for instance, to be paired up with a consumer whose online profile indicated an interest in purchasing shoes.
Those innovations, according to Google, allowed publishers to sell their available ad space at a premium because the advertiser would know that the ad was going to the eyeballs of someone interested in their product or service.
The Justice Department says that even though Google no longer runs its auctions in the ways described, it helped Google maintain its monopoly in the ad tech market in the years leading up to 2019, and that its existing monopoly allows Google to keep up to 36 cents on the dollar of every ad purchase it brokers when the transaction runs through all of its various products.
The Virginia trial comes just a month after a judge in Washington ruling that Google’s search engine also constitutes an illegal monopoly. No decision in that case has been made on what, if any, remedies the judge will impose.
Google faces a new antitrust trial after ruling declaring search engine a monopoly
one month after a judge declared Google’s search engine an illegal monopoly, the tech giant faces another antitrust lawsuit that threatens to break up the company, this time over its advertising technology.
t he Justice d ep artment, joined by a coalition of states, and Google each made opening statements m onday to a federal judge in a exandria, v i rginia, who will decide whether Google holds a monopoly over online advertising technology.
t h e regulators contend that Google built, acquired and maintains a monopoly over the technology that matches online publishers to advertisers. d o minance over the software on both the buy side and the sell side of the transaction enables Google to keep as much as 36 cents on the dollar when it brokers sales between publishers and advertisers, the government contends.
t h ey allege that Google also controls the ad exchange market, which matches the buy side to the sell side.
“ o n e monopoly is bad enough. But a trifecta of monopolies is what we have here,” Justice d ep artment lawyer Julia
ta rver Wood said during her opening statement. Google says the government’s case is based on an internet of yesteryear, when desktop computers ruled and internet users carefully typed precise World Wide Web addresses into ur L fields. a d vertisers now are more likely to turn to social media companies like t kto k or streaming tv services like Peacock.
i n her opening statement, Google lawyer Karen d un n likened the government’s case to a “time capsule with a Blackberry, an iPod and a Blockbuster video card.”
d u nn said s u preme Court precedents warn judges about “the serious risk of error or unintended consequences” when dealing with rapidly emerging technology and considering whether antitrust law requires intervention. s h e also warned that any action taken against Google won’t benefit small businesses but will simply allow other tech behemoths like a m azon, m i crosoft and t i kto k to fill the void. ac cording to Google’s annual reports, revenue has actually declined in recent years for Google n e tworks, the division of the m ountain v iew, California-based tech
giant that includes such services as a ds e nse and Google a d m ana ger that are at the heart of the case, from $31.7 billion in 2021 to $31.3 billion in 2023.
t h e case will now be decided by us d i strict Judge Leonie Brinkema, who is best known for high-profile terrorism trials including that of s e pt. 11 defendant Zacarias m oussaoui. Brinkema, though, also has experience with highly technical civil trials, working in a courthouse that sees an outsize number of patent infringement cases.
t h e v i rginia case comes on the heels of a major defeat for Google over its search engine. a judge in the d i strict of Columbia declared the search engine a monopoly, maintained in part by tens of billions of dollars Google pays each year to companies like a p ple to lock in Google as the default search engine presented to consumers when they buy iPhones and other gadgets.
a n d in d e cember, a judge declared Google’s a n droid app store a monopoly in a case brought by a private gaming company.
i n the search engine case, the judge has not yet imposed any remedies. t h e government hasn’t offered its proposed sanctions, though there could be close scrutiny over
whether Google should be allowed to continue to make exclusivity deals that ensure its search engine is consumers’ default option.
Peter Cohan, a professor of management practice at Babson College, said the v rginia case could potentially be more harmful to Google because the obvious remedy would be requiring it to sell off parts of its ad tech business that generate billions of dollars in annual revenue. d vestitures are definitely a possible remedy for this second case,” Cohan said “ t could be potentially more significant than initially meets the eye.”
Google is also facing intensifying pressure over its ad tech business across the at lantic. British competition regulators last week accused the company of abusing its dominance in the country’s digital ad market and giving preference to its own services. e u ropean u n ion antitrust enforcers carrying out their own investigation suggested last year that breaking up the company was the only way to satisfy competition concerns about its digital ad business i n the v i rginia trial, the government’s
witnesses will include executives from newspaper publishers that the government contends have faced particular harm from Google’s practices.
“Google extracted extraordinary fees at the expense of the website publishers who make the open internet vibrant and valuable,” government lawyers wrote in court papers.
t he government’s first witness was t im Wolfe, an executive with Gannett Co., a newspaper chain that publishes usa to day as its flagship. Wolfe said Gannett feels like it has no choice but to continue to use Google’s ad tech products, even though the company keeps 20 cents on the dollar from every ad purchase, not even accounting for what it takes from the advertisers. h e said Gannett simply can’t give up access to the huge stable of advertisers that Google brings to the ad exchange.
o n c ross-examination, Wolfe acknowledged that despite Google’s supposed monopoly, Gannett was able to work with other competitors to sell its available inventory to advertisers.
t he government’s case also attempts to use the words of Google’s own employ -
The Googleplex, the corporate headquarters of Google
Clarins: Fighting epi-aging
M&S Beauty launches new own-brand bodycare collection
BRITISH global powerhouse M&S Beauty has launched its new own-brand range Burst Bodycare, a high in naturality body care range made with up to 98 percent natural ingredients that’s out to bring some zing into your daily routine.
Burst Bodycare’s body butters are the highlight of the range, clinically proven to provide 96 hours of moisturization.
In addition to body butters, Burst Bodycare offers a body scrub, body wash, hand wash, and hand lotion in five punchy fragrances: Shea, Orange, Mango, Melon and Cherry. These moodboosting formulas featuring Shea are created with fruit extracts which are kind to the skin, and customers can elevate and invigorate their daily routine with a tropical burst of goodness. The range is dermatologically-tested, cleansing and clinically-tested.
Burst Bodycare is available in selected M&S stores: Glorietta 4, Greenbelt 5, Shangri-La Plaza Mall, Mall of Asia, SM Aura Premier, Alabang Town Center, Ayala Malls TriNoma, and SM City North Edsa.
Consumers can earn points when they shop.
Download the My SSI Life Loyalty App for free to earn points and get membership benefits from over 80 brands including Marks & Spencer.
Shop in-store through the M&S Philippines Viber Community at bit.ly/MSPH-VC, and selected lines are available online on www.marksandspencer. com.ph.
WHEN it comes to beauty, the French seem to have it all figured out. One of its revolutionary brands, Clarins, which is currently No. 1 in premium skincare in Europe, continues to make its presence felt in the Philippines by introducing the Double Serum.
Clarins, founded by Jacques Courtin-Clarins 70 years ago, is a French family-owned company. So it was appropriate that its newest innovative offering was launched at Rustan’s Makati, the upscale department store which is also proudly familyowned, on August 29. The Double Serum, now on its Generation 9, pushes the boundaries of anti-aging innovation while reinventing itself with increased power as compared to Double Serum Generation 8. The dual formula is made up of 95 percent naturally sourced ingredients. It combines 22 powerful plant extracts, including the iconic turmeric extract, with five new pure active molecules to stimulate the skin’s vital functions.
For normal, dry, combination, and oily skin, the serum promises that “fine lines are visibly smoothed; firmer, plumper, more radiant, youthful-looking skin; and refined skin texture, reduced pores.”
At the launch, Pam Aguirre, the brand’s education manager, enlightened us more about the (r)evolutionary product:
DOUBLE VIALS
“SO we’re here today to present the 9th generation Double Serum. What does it mean? It’s the 9th version. Yes, it was resurrected 9 times. The first one was in 1985. And the latest development here is that it now contains 27 anti-aging ingredients. Some of them are water-soluble, some of them are oil-soluble. So that’s why they’re housed in two separate vials. You can see there’s another bottle inside. So that’s why it’s called Double Serum.
“Particularly for Generation 9, the new development is that it now contains 27 plant ingredients. And there’s like a selected duo with molecules and plant extracts that solve chronological aging, which is birth-related aging. But the advancement now [inspired by the science of epigenetics, its unique Epi-aging Defence] is that it also aims to solve epi-aging, which is lifestyle-induced aging. So not anymore connected to age.”
TWIN STUDIES
“THE studies that we base, this on is made on sets of identical twins, mostly French. Because identical twins have the same chronological aging, as female
Sofia Andres wears her heart on her sleeve
AT the event to announce Sofia Andres as the first celebrity endorser of wellness and beauty brand Luna Aura’s Hope Glow Super Glutathione capsules, it was apparent that the actress would cry even at the slightest mention of family.
“The greatest gift na binigay ni God, and I’ll always be grateful, is naging nanay ako,” said Sofia. “At the end of the day, family is all you have.”
She has been working since she was three years old as a commercial model. Eventually, she became an actress and was one of ABS-CBN’s most promising stars until motherhood cut short her career.
But she never really left the limelight. Brands would contact Sofia for collaborations. Still, motherhood remains her priority.
“Even though hindi tuloy-tuloy ang projects, I am very blessed. I think the best feeling on earth is being a mom,” said Sofia.
As an endorser for Luna Aura, Sofia hopes to change the perception that glutathione is just for whitening.
“As you can see, I love the sun and the sea and I am very tanned,” she said.
On social media, Sofia’s feed is filled with her photos with her daughter Zoe and partner Daniel Miranda.
“The love for my family is always there, and I think
my followers see that. They know I fight for what I have and what I believe in, and I think that’s my strength.”
JC Alelis, Luna Aura’s co-founder, said he and cofounder Nica Alelis chose Sofia for her “realness.”
“It’s rare to find people who wear their hearts on their sleeves. It takes a special person to stay true to themselves,” said JC.
He explained that what makes Hope Glow Super special is the proprietary blend of S-Acetyl and reduced L-glutathione, a formula that ensures maximum effectiveness and supporting overall wellness.
“Glutathione in the Philippines has been typecast as a ‘pampaputi’ supplement. As a PCOS warrior, I’ve experienced firsthand the benefits of glutathione beyond whitening and with Hope Glow Super, we’re aiming to shift the conversation. Glutathione is a multi-dimensional supplement that supports overall health and wellbeing,” said Nica.
Sofia shared how the product has become an essential part of her beauty regimen, enhancing her skin and overall health.
AVEENO’S FACIAL SKINCARE LINE IS HERE
AVEENO is known for its superior body care line for those with sensitive skin. Now, the brand brings its oat-powered expertise to facial care with the Aveeno Calm + Restore collection.
These four products seek to nourish and address sensitive skin issues.
Each product in this collection offers deep hydration through prebiotic oat and feverfew.
Prebiotic oat rebalances the skin’s natural microbiome and strengthens its protective barrier with a mix of antioxidants, proteins, and polysaccharides. Prebiotic oat also contains avenantheramides and Vitamin E known for their soothing and antioxidant properties. Feverfew has 10
twins have the same genetic makeup. So same genes and also same chronological aging. But none of them age exactly the same. So meaning 100 percent of the changes between identical twins is linked more on epiaging, or what we call the lifestyle-induced aging.
epi-aging, which
Because it’s two
“It’s epigenetics that will produce epi-aging, which is aging beyond chronological. It’s what you do with your lifestyle. Because it’s two sets of twins, it’s like factory settings. But the others look older. So why? Because of the lifestyle. So what are the lifestyle factors? Most have to do with physical activity and exercise. Emotions, energy, social interactions, and environment.
“Sleeping habits is also a factor.
toward Asians and Filipinos.
But the Double Serum, since it’s from France, it’s really
“Since it’s the No. 1 serum, actually everything from Clarins is complementary. But one that is more aligned with it, or a range that’s more aligned with it, is everything that falls under the anti-aging
“Sleeping habits is also a factor. All habits, because all habits are related to stress and emotions. So it’s basically what you choose to do with your life will affect the quality of aging. Because you have twins who have the same factory settings but one looks older. So those are the factors.”
of aging. Because you have twins who
CUSTOMER RESPONSE AND PRICE POINTS
“THEY love it. In fact, when you think about Clarins, it’s the top-of-mind product that we have. So a big percentage of our performance, of our delivery, of our services is linked toward the double serum. It’s our No. 1 product. In terms of customer satisfaction, it’s one of the best anti-aging services in the Philippines.
“It’s available in three sizes. We have a 75 ml at P10,000. There’s a 50 ml, at P7,600. And then 30 ml, at P5,600. The serum is for all genders. It is also multiethnic and multi-skin type.”
STARTING AGE AND COMPLEMENTARY RANGE
“ONE should start using the serum at 25 and above. It’s a preventive plan. There are actually some products, not just for Clarins, but some of them that are geared towards a specific ethnicity. Like, let’s say, tanning products. So it’s more available in countries where there are a lot of Caucasians. While brightening and whitening products are more catered
times more antioxidant power than Vitamin C, which blocks inflammation and protects the skin. It also tames irritation and reduces the effects of oxidative stress.
Discover your new skincare must-haves:
■ Aveeno Calm+Restore Oat Gel Moisturizer (50 mL) P899. This lightweight, fast-absorbing formula, which promises 24-hour hydration, is enriched with prebiotic oat and calming feverfew.
■ Aveeno Calm+Restore Nourishing Daily Moisturizer with SPF 30 (50 mL) P999. This moisturizer provides broad-spectrum SPF 30
“So we have three ranges for anti-aging alone. We have Multiactive, which is geared towards 30-plus. Extra Firming, for age 40-plus. And then for 50-plus, the Super Restorative.
“Apply all over your face. Except the eyes. Since serums are very potent, most of them are discouraged or not made for the eyes. There’s always a separate eye care that would be aligned with it. For double serum, we have a double serum eye. Because our eyes are a bit different. They’re sensitive. The lines that we have there are not the same as what we have for the rest of the face.”
PRIDE AND OPTIMISM
“I’M quite optimistic with it because it’s a proven 9th generation. So all over the world, it won’t die. As long as Clarins is still here, I believe that the Double Serum will be here. And it just keeps getting better and better.
“Clarins is actually one of the top brands in Europe. In the Philippines, we’re getting to be quite known. But we still don’t enjoy the popularity that we have in the European countries. But then we do have a lot of customers who are very satisfied. We’re quite proud of it. So more opportunities for growth. Even more opportunities for brand awareness.”
More information can be found at Rustan’s The Beauty Source via www.rustans-thebeautysource.com. ■
protection and a sheer tint. It has 100 percent mineral UV filters, nourishing oat, and calming feverfew to protect skin from sun damage and hydrate it.
■ Aveeno Calm+Restore Oat Gel Re-Hydrating Night Cream (50 mL) P999. This cream has a rich, velvety texture to help intensely moisturize, strengthen, and hydrate your skin’s moisture barrier overnight. It is enhanced with shea butter and mineral complex, and ensures up to 48-hour moisture retention.
■ Aveeno Calm+Restore Triple Oat Serum (30 mL) P1,299. The Triple Oat Complex in this potent serum includes oat flour, oat extract, and oat oil. Alongside calming feverfew, it soothes and helps strengthen the skin’s moisture barrier. This fastabsorbing serum claims to moisturize for up to 24 hours.
Aveeno Calm + Restore backs its claims with trials on Asian skin. Out of 300 users, 92 percent agreed that their skin felt soothed, while 70 percent agreed that the skincare line helped relieve itchiness. About 85 percent said it made skin feel hydrated and refreshed, plus 78 percent said it helped improve skin’s resilience after two weeks of use. All users (100 percent) found the Aveeno Face Calm + Restore line made their skin feel comfortable the whole day. Aveeno Face Calm + Restore is dermatologicallytested, non-comedogenic, fragrance-free and best for normal to dry skin.
“We’re absolutely delighted to introduce the Aveeno Face Calm + Restore collection. This new line is the culmination of our expertise in oat science, formulated to bring the utmost care to sensitive skin. Each product is designed with precision to help soothe, nourish and protect, helping you achieve a truly radiant complexion,” said Ira
Mondelēz International Enters HR Asia Awards Hall of Fame
MONDELĒZ International in the Philippines has been awarded the prestigious Gold Harmonia Award at the HR Asia Awards 2024. This solidifies its position in the Hall of Fame as one of the Best Companies to Work for in Asia, under the Philippines Chapter.
This marks the fifth consecutive year that Mondelēz International in the Philippines has received this honor and is a significant milestone that reflects the company’s ongoing commitment to fostering an exceptional workplace environment.
The HR Asia Awards recognized Mondelēz International for its steadfast dedication to cultivating an environment that not only drives business success but also prioritizes the growth and well-being of its employees and partners. Central to this success are initiatives that focus on three key pillars: Growing the business, Growing its partners, and Growing its people. These pillars serve as the foundation for Mondelēz International’s everyday goals, ensuring that every aspect of the organization is aligned with its vision to empower people to snack right.
A cornerstone of this achievement has been the implementation of robust leadership programs, such as the Leadership Council which plays a crucial role in shaping the company’s culture.
This council has been instrumental in promoting a culture of inclusivity, collaboration, and high performance, empowering employee leaders to contribute meaningfully to the organization’s goals.
Mondelēz International also prides itself as a company that takes a stand in creating a diverse, equitable, and inclusive (DEI) workplace. For both current and potential employees, aspects of culture and employment have been evaluated to ensure that people are viewed and recognized for their skill and talent, and not discriminated on based on gender, race, or religion. Recent initiatives in support of these include the launch of an updated sexual harassment policy with sensitivities on LGBTQIA colleagues, a gender-neutral restroom in its 61-yearold facility, and a local DEI policy that safeguards employees’ right to a chosen name, right to dress, and right to safe spaces.
In addition to its focus on leadership development, the snacks company has
embraced cutting-edge innovations in its HR practices. The company has made significant strides in digitization and automation, revolutionizing its operations and enhancing the employee experience. One initiative is the groundbreaking use of Virtual Reality (VR) in its onboarding for new employees. This program provides a virtual tour of the company’s office, very useful for those who are deployed in farther regions in the Philippines. These advancements have streamlined processes, increased efficiency, and allowed the company to maintain its competitive edge in the market. By staying at the forefront of HR innovation, Mondelēz International has reinforced its reputation as a top employer in the region.
Awarded on the same night, Mondelēz International also received recognition from the HR Excellence Awards for the following: Gold for Excellence in Workplace Culture, Gold for Excellence in Employee Advocacy and Brand Ambassadorship, and Bronze for Women Empowerment Strategy. Established in 2022, the award event aims to provide an incubator platform for HR teams to showcase their strategies and initiatives. Over the years, it has evolved to a benchmarking stalwart across industries. These awards were achieved by Mondelēz International through its purpose-driven initiatives and its engaging culture-building programs, which resulted in a stronger engagement, as reflected in its latest employee survey.
The success of Mondelēz International at the HR Asia Awards and HR Excellence Awards would not have been possible without the dedication and hard work of its employees. In recognition of this accomplishment, April Valencia, Country People Lead for the Philippines, shared sentiments on the recognition, “This award is a testament to the unwavering commitment of our entire team to creating a workplace that truly values and empowers every individual,” she stated. “At Mondelēz International, we believe that our people are our greatest asset, and this recognition reflects the collective efforts we’ve made to foster a culture of growth, innovation, and inclusivity. We are incredibly proud to be recognized among the best companies to work for in Asia, and we will continue to strive for excellence in all that we do.”
Discover the Soulful Flavors of the Philippines at Kiapo
OKADA Manila’s renowned restaurant, Kiapo, now takes center stage in the “Beyond Flavors, A Feast for the Soul” campaign, offering guests an immersive culinary experience that celebrates the rich and diverse flavors of the Philippines.
Inspired by the vibrant Quiapo district, Kiapo presents a modern interpretation of Filipino staples, bringing together the best of regional cuisines in a setting that feels both familiar and refreshingly new.
At the helm of Kiapo is Chef Jaime Reyes, Senior Sous Chef, whose culinary journey is deeply tied to his Filipino roots. With over 20 years of experience in various kitchens worldwide, Chef Jaime has developed a passion for promoting Filipino cuisine, believing that food is a universal language that connects people. He continuously pushes the boundaries of Philippine cuisine, crafting dishes that narrate stories and evoke emotions.
Chef Jaime’s signature dish, Sizzling Tofu, harmoniously blends traditional flavors with modern presentation, appealing to both local and international diners. Reflecting on his approach, Chef Jaime shares, “Every dish I create at Kiapo is a love letter to my homeland. I want our guests to not just taste the food but to feel the stories and emotions behind each recipe.”
At Kiapo, diners can indulge in
specialties like Bagnet Kare-kare and Sisig, each dish thoughtfully prepared to showcase the authentic tastes of Filipino cuisine. A standout offering is the Salosalo Group Meal (PHP 4,388), perfect for family gatherings and celebrations. This meal features an array of dishes, including Salt and Pepper Squid, Blue Marlin Inasal, Sinigang na Tadyang ng Baboy sa Gabi, and the signature Kiapo Fried Chicken, all complemented by refreshing drinks such as Ripe Papaya Shake, Sago’t Gulaman, Green Mango Shake, and Coco de Leche.
Adding to the excitement, Kiapo introduces its All You Can Eat Merienda Buffet, running until October 15, 2024. This special offering invites guests to enjoy unlimited servings of their favorite Filipino merienda classics. Priced at P898 nett for adults and P498 nett for kids, the Merienda Buffet is a delightful way to experience the comfort and nostalgia of traditional Filipino afternoon snacks, with a modern twist.
Located on the upper ground floor of the Coral Wing, Kiapo offers a relaxed and engaging dining experience that makes it the perfect spot for any time of the day. Whether enjoying a hearty meal or indulging in the All You Can Eat Merienda Buffet, guests are immersed in a casual yet inviting atmosphere that embodies the essence of Filipino hospitality.
The “Beyond Flavors, A Feast for the Soul” campaign at Okada Manila highlights
SM Store Celebrates Civil Service Anniversary with Exclusive Offer for Government Employees
the emotional and transformative power of food, providing guests with experiences that satisfy deeper emotional and spiritual needs. With over 40 dining options, Okada Manila continues to set the standard for culinary excellence in Entertainment City. For more information and reservations, please visit https://www. okadamanila.com/beyond-flavors-a-feastfor-the-soul.
the tradition on its 124th anniversary, all civil servants are qualified to enjoy an exclusive discount in all participating SM Store branches nationwide! From September 20 to 22, 2024 government employees can enjoy P300 off with a minimum P3,000 single-receipt purchase at SM Store. To avail, customers must present their government employee ID and SMAC. This promo is SM Store’s way of recognizing the efforts of all government employees nationwide, a simple gesture to make their shopping experience more rewarding and enjoyable. Aside from this special offer, stay tuned for more exciting promos at your nearest SM Store branch. For more details about the promo, visit SM Store’s website. Stay updated with our upcoming promos by following @SMStore on Facebook, Instagram, and TikTok.
Mitsubishi Motors Philippines to give a glimpse
of future mobility at the 9th PIMS
MITSUBISHI Motors Philippines Corporation (MMPC) aims to highlight Mitsubishi Motors-ness and surprise the public with its product lineup, along with something unexpected, at the 9th Philippine International Motor Show (PIMS), happening from October 24 to 27, 2024, at the World Trade Center, Pasay City. MMPC will be among the 17 brands showcasing their take on this year’s theme, “Dare. Drive. The Future Redefined.”
As a pioneer in the automotive industry with a legacy spanning over six decades, MMPC will be showcasing its latest cuttingedge technologies and diverse lineup of vehicles designed to meet the evolving needs of Filipinos. Visitors to the Mitsubishi Motors Philippines’ booth will be treated to an immersive experience and opportunity to explore the brand’s full range of vehicles, offering something for every type of driver. The highlight will be its newest models, the All-New XFORCE and All-New Triton, which were launched this year. These bold and dynamic models are specifically engineered to appeal to the younger generation and young-at-heart drivers who are looking for an ultimate adventure buddy and reliable companion for everyday journey. MMPC aims to showcase its vision for the future of mobility through Mitsubishi Motors-ness which means offering an allin-one vehicle that combines unmatched capability, advanced safety, and exceptional comfort—ensuring a superior car experience. It has been Mitsubishi Motors’ commitment to create reliable vehicles that will give peace of mind to its owners all throughout its life span, so this goes far beyond the product itself and includes aftersales service as well.
“The fact that this year is by far the biggest PIMS with 17 participating automotive brands makes us very excited to join the motor show” said Ritsu Imaeda, President and CEO of MMPC. He also added, “Our display lineup this year reflects our commitment to meeting the ever-changing needs of the Filipino market. We’re looking forward to demonstrating Mitsubishi Motors-ness through our display and giving the public a glimpse of future mobility.”
KIAPO’S Family Salo-Salo Meal and Green Mango and Ripe Papaya smoothies.
Finding your ‘why’
IAM my husband’s worst nightmare.
Not as a wife (I hope), but as a coachee. As a life coach, he has helped so many people achieve short- and medium-term goals, address anger issues, figure out their reasons for waking up each day, and determine the best balance of passion and viable livelihood. He has long-term clients who refuse to “graduate,” with whom he still meets regularly.
Having direct and constant access to such an expert is a blessing. I should not be having too much trouble figuring things out, especially in my career, where I am now at a crossroads (refer to my column “Taking the Plunge,” published August 19). But I am stubborn—and my husband has known this since forever. Being the rational—and
Beholden to Sunl I G h t: t h IS Re S o R t IS a Po S tca R d I n Mot I o n PALAWAN, PHILIPPINES—Approaching the island of Naglayan, a 45-minute boat ride from C oron Palawan, one of our attendants, Mikoy, pointed to the i nterspersed villas of Sirakan, erected atop stilts over waters that were seemingly lined with crushed aventurine at the bottom. A t a glance, Sunlight Ecotourism Island Resort is a living a nd breathing postcard both in sight and sound. The island was fringed by sand the color of white daisies and swept by the sea whose shades of green shift throughout the day as its surface is kissed by the sunlight. W ho could take their eyes off the iridescent waters? We’ve set foot on paradise’s doorstep. There were six of us in the bunch that were set for this stay. Since the start of the year,
Sunlight has been highlighting its new Salepan villas through media trips and adobo Magazine along with five other media o utlets were invited to indulge our senses.
We did not arrive on a sunny day. In fact, it was during the onslaught of Typhoon Enteng when we went to these shores; cruised through bumpy seas with overcast skies and wet from more than a little drizzle. That little trepidation might have dampened our skin but not our spirits. If anything, it added to the effect of the thin haze light that permeated our welcome. The boat docked a stone’s t hrow away from the pavilion where performers enlivened the afternoon and we went to meet our hosts.
As Mikoy and another attendant drove us to our villa, h e took the opportunity to sketch out the resort for us: an 18-hectare sprawl of fertile flora with villas designed to be on the outskirts and closest as possible to the sea. Each v illa has an oceanfront balcony where the sky can be observed dawn-to-dark. We passed by the Poolside Patio, Sunlight Fitness,
loving - guy that he is, he has never imposed anything on me.
After all, a coach does not solve people’s problems for them, he says. Simplistically, a coach helps clients solve their problems on their own, by asking the right questions and challenging ideas, for their coachees to figure out what to do. Coaches help their clients plot out a strategy so they can achieve their goals, whatever those are at the moment.
Sometimes, all we need is a little help with sifting through the clutter and organizing our thoughts into a clear framework. And usually, we just need a bit of guidance in going back to the basics—what we value the most—so we can get unstuck and move forward. Coaches also hold people accountable for what they say they will do.
Luna Bar, and they kept light chatter while mentioning the available activities dependent on the guest: biking, snorkeling, diving, kayak, island hop tours and yacht charter.
The tourist trap of Maldivesinspired destinations has become such a cliché it borderlines o n gimmickry, but Sunlight puts a premium on hospitality and the surrounding waters that is its thrust. Sequestered places are promising of undisturbed resources and the life-teeming sea surrounding the private island can easily bring you to your knees; Mikoy briefly noted on the speedboat ride how the caduceus was etched on the hills of Cullion. Unspoiled in its beauty—the visible marine life, the thick of the foliage, and the relatively small manmade intervention to make way for the accommodations therefore indicated a resort that is serene in its quiet pleasure. Come night time, a tablescape with overhead string lights w as set by the beach only to be drenched by the rain. We took cover inside Ric’s Place where we feasted on our four-course menu (composed of prawn
Ikigai and life’s realities
My husband’s life coaching practice is centered on ikigai, or finding and understanding what one values the most, or one’s purpose. In one of his recent workshops, which I co-facilitated, he started the session by asking people to think about what they valued the most, and write it down together with their names on their name tags. This way, each participant will know each other’s greatest “why.”
This did not just make for a good icebreaker, but it also led to a lot of introspection. For whom or what are we doing the things that we are doing? Why do we get up in the morning? Why do we work so hard, even to the point of exhaustion sometimes? What’s the point of all the difficulties we need to power through?
People wrote words like self, health, wealth, hobbies, nature, and, surprisingly (or not?), work. The majority of participants, however, came up with this one word: family. When asked to further expound on their answers, many said they worked hard every day to give their families a better future.
This is the reality for a lot of people: if you want to live a comfortable life, you have to put in the hours, give your 110 percent, and, for some, contend with unneces -
bisque soup, watermelon salad, dripping coffee tiramisu, and king fish cartoccio for the main) and intimated new acquaintances. Another writer quipped how t he private dining concept in the film The Menu could be replicated in the island, sans the murder. We laughed it off and toasted to the warm welcome dinner before meeting the Food & Beverage team of the entire resort juggling 10 food concepts for variety. Later on, we would partake in the menus of Xiang Hotpot and KBBQ, Hikari’s Teppanyaki, and Mangrove’s Filipino food.
A f ull day was dedicated to the Sunlight’s newest villas. For a resort where luxury is a way of life, a bespoke stay at the Salepan Villas is its allure. These villas, quickly becoming a signature choice for Sunlight’s upscale clientele, are furnished with hard wood interiors and glass bottom floors as the focal point of the sun deck, making it an effective viewing platform not just of the horizon but of the open waters below.
This resort is not for those with modest means. One for the influence mavens and business
sary office politics. After all, not all of us can just go on an Eat, Pray, Love expedition, leaving our lives behind (husband included) to do some soul-searching in Italy, India, and Bali. What I like most about the way my husband explains ikigai to his coachees is that he gives emphasis not just on finding purpose and focusing on what we value the most, but also reminds his clients that before they can thrive, they first have to survive—which means that they do have to secure their livelihood while pursuing their purpose and taking care of the things and people they value the most.
Getting your priorities straight
I T i s about both balance and life seasons. This should be common sense, but we often seem to forget that we need to be healthyboth physically and mentally - to be able to do our best work. Sure, we can run on a near-empty tank, but that will not take us very far. It is easier said than done, but we do need to strike more balance in our lives if we really want to pursue our purpose. It is ironic that we work so hard for our families, but we end up neglecting them most times.
Our current life stage should also be considered. I worked
executives, Salepan peaks its extravagance with the personal butler service, dishes from a private chef, and round-the-clock b uggy car transfers. To top that, the villa has a plunge pool and direct access to the sea, a roof deck for day lounging or night sky gazing. No time is wasted unless, of course, you choose to sleep off your vacation. Still, you do not have to go out of your way to enjoy everything.
To while the time, meandering on the esplanade where the Sun Café and Sanctuary Spa are situated is also an option. The sanctuary spa has a menu of treatments and wellness options for unwinding before any more leisurely activities. Not all sunsets are romantic but it’s worth w atching from the resort’s many spots for dramatic flair. As it is quite the picture for a destination wedding, perhaps a future v isit is on the books.
The perfect vacation may not need to open your balcony to the oceanfront, underwater interactions, and different restaurants, but luckily, Sunlight has all of these and more. While it is the escapist rendezvous from everything that’s every -
non-stop for more than 20 years. Leaving my job without a new one waiting was what I needed to do so I can spend more time and give more quality energy to my family. I do not have a sizable nest egg, but I can afford to take a short break before immersing myself in grueling work again. This is my current life season, and I believe in my heart that this will help me recharge and bounce back stronger and wiser. This is not something that everybody can do, and I am grateful for the privilege of being able to do this for myself and my loved ones.
Remember these three things (I need to remind myself of these every day, too):
1. Find your purpose, or don’t find your purpose—do not be pressured to do the former. Just never lose sight of the things and the people you value the most.
2. yo u need to survive before you can thrive—but please strike a balance as much as you possibly can.
3. Honor your current life season. Life is short and time is fleeting. The most precious of moments may pass you by without you noticing. Ecclesiastes 3:1 reads: “There is a time for everything, and a season for every activity under the heavens.”
PR Matters is a roundtable column by members of the local chapter of the United Kingdom-based International Public Relations Association (Ipra), the world’s premier organization for PR professionals around the world. Abigail L. Ho-Torres is an independent consultant and trainer, with more than a decade of experience in public relations, marketing, and customer experience. She spent 11 years as a business journalist before making the leap to the corporate world.
We are devoting a special column each month to answer our readers’ questions about public relations. Please send your questions or comments to askipraphil@gmail.com.
where else, Sunlight warrants m ore than a sneak away. At the resort, life’s pace is slow yet it’s the stay that you’d want to prolong.
O n the final day, the sun shone bright to send us home. Much like the star it was named after, Sunlight is incandescent in getting its vision right. The stay was gratifying not just because of the island’s unapologetic and enchanting beauty, b ut because of the service and the attachment-inducing quality in the air. W hat is exceptional is that which is unfamiliar. For most travelers, the flimsy and the rugged are the thrill for any journey and this is clearly not the case for Sunlight. ye t I’ve heard more than once that there’s something about that place akin to a siren song; I know from our encounter that it was the consortium and the sum of all parts that make it so. Not long after leaving, we found ourselves wistful from the separation from the resort and its indelible impression — a hospitality Cockaigne that has the zest and bite for those who chase a dose of Sunlight.
Alas Pilipinas unfazed by tough task in worlds
Quizon grabs GM title in 4-0 rout of Monaco
NTERNATIONAL Master (IM)
IDaniel Quizon helped the Philippines rout Monaco, 4-0, to finally achieve his other goal—a grandmaster (GM) title—in the fourth round of the 45th FIDE Chess Olympiad at the BOK Sports Hall in Budapest in Saturday.
The 20-year-old from Dasmariñas City in Cavite beat GM Igor Efimov, a 64-year-old Georgian émigré, in 37 moves of a King’s Indian duel to earn the two rating points he needed to breach the 2500 plateau and claim the GM title that he has longed for. “ I’m so very happy,” said Quizon, who will receive P1 million from Dasmariñas City Mayor Jenny Barzaga through the initiative of the late Dasmariñas Rep. Pidi Barzaga for his accomplishment.
GM Julio Catalino Sadorra and IMs Pau Bersamina and Jan Emmanuel Garcia were also on top of the game for the Filipinos, whose participation in the Olympiad is bankrolled by the Philippine Sports Commission through chair Richard Bachmann and commissioner Ed Hayco and backed by National Chess Federation of the Philippines president Prospero “Butch” Pichay.
The 51st-seeded Filipinos in the record 197-team Olympiad are tied with 24 other nations in 13th place on 6.0 points apiece and will play the 26th seed Slovenia in the fifth round of the 11-round tournament.
Giant-slayer Shania Mae Mendoza and the Filipinas also rolled past El Salvador, 4-0, to leapfrog to a 30-nation tie at No. 13. Janelle Mae Frayna, Jan Jodilyn Fronda and Bernadette Galas were as merciless in disposing of their respective foes in the lower boards.
W hile her teammates played almost trouble-free, the 26-year-old from Santa Rosa City in Laguna had to survive Andrea Cortez, who blundered away her winning and drawing chances in 60 moves of a Sicilian.
I didn’t expect to win, all I did was to do my best,” said Mendoza as she and her teammates prepare for No. 24 Italy in the next round.
I ndia continued to hold sway as it clobbered France, 3.5-.5 to share the lead with seven others with 8.0 points, including Southeast Asian powerhouse Vietnam, which shocked defending champion Uzbekistan, 3-0.
A lso in that group were the Ukrainians, who stunned top seed United States in a 2.5-1.5 result that was sealed by old guard Vasyl Ivanchuk’s earthshaking win over Philippine-born Wesley So on second board.
By Aldrin Quinto
OR Alas Pilipinas team captain Kim Malabunga to get a shot at facing his dream rivals—he dreams playing against Poland, France, Italy or the United States—Alas Pilipinas needs to get past the African champion, an 11-time titlist of that continent and the 2024 Asian championship runner-up when they play in the FIVB Volleyball Men’s World Championship 2025.
M alabunga, all smiles as usual, seemed unfazed, so were Buds Buddin and the rest of the national men’s team after getting bunched with Egypt, Tunisia and Iran during the Drawing of Lots Saturday at the Solaire Resort.
A las Pilipinas is determined to prove its worth—hoping to close the gap on volleyball’s elite as it vaulted to No. 64 from well beyond the top 100 three years ago—in the prestigious competition set at the Smart Araneta Coliseum and Mall of Asia Arena from September 12 to 28, 2025.
“ We are very excited. It doesn’t matter really who we face, we will be ready for battle,” Malabunga said. “We will prepare very hard for this.”
The top two teams from each group march on to the Round of 16.
No-pressure on us,” added Buddin, noting that pressure is on their rivals.
“We’ll do everything to perform well, prove our worth.”
Philippine National Volleyball Federation president Ramon “Tats” Suzara stressed that everyone in the organization faces more challenges to make the team even more competitive and the hosting of the world championships hitch-free.
Tougher tasks lie ahead,” Suzara told the BusinessMirror
“ We are on a great start and now we have less than a year to prepare for a
strong finish,” added Suzara, recentlyelected Asian Volleyball Confederation president. “We have a lot of work to do. The players, the officials, everyone.”
Worlds for Filipinos, Asia - Suzara
THE year-long countdown to the worlds got off to a rousing and scintillating start in a glitzy Drawing of Lots ceremony that had the makings of a Grammy or an Oscar at the Solaire Resort Grand Ballroom.
“ This is for the Philippines and Filipino fans,” Philippine National Volleyball Federation president Ramon “Tats” Suzara told a big audience of FIVB and Philippine sports officials, representatives from the embassies of the 32-nation world championships, stakeholders, athletes and coaches.
This is for Asia,” added Suzara, who made special mention on the women’s world championship Thailand is hosting in August—ahead of the September 12 to 28 men’s worlds—and the world beach championships in Australia all in 2025.
It’s big year for Asia, and me as president of AVC,” said Suzara, who was elected president of the Asian Volleyball Confederation only two weeks ago in Bangkok. “We like to work hard on this, that Asia can do it for a world championship next year.”
Let’s work hard and I’m very proud for the Filipinos to host this first-ever world championship for the first time,” he added.
The world championship trophy was
Lee targets second straight victory as LPGT holds P1M Forest Hills leg
JIWON LEE is in harness to a strong return from a two-month break from her sensational victory at the Splendido Taal Golf Club as the 16-year-old Korean competes in the P1 million International Container Terminal Services Inc. (ICTSI) Forest Hills Classic starting Wednesday at the Nicklaus course of the Forest Hills Golf and Country Club in Antipolo City.
L ee cemented her reputation as a rising star on the Ladies Philippine Golf Tour and her Splendido triumph was no stroke of luck as she continues her transition from the junior ranks to the pros with impressive strides.
L ee was already expected to headline the ICTSI Junior PGT Match Play at The Country Club after winning the first two legs of the series by an
general director Fabio Azevedo (left) turns over the world championship trophy to Local Organizing Committee co-chairpersons William Vincent Araneta Marcos (center) and Senator Alan Peter Cayetano as Asian and Philippine volleyball chief Ramon “Tats” Suzara addresses the Drawing of Lots ceremony on Saturday night.
Sen. Alan Peter Cayetano.
OPM legend Gary “Mr. Pure Energy” Valenciano wowed the crowd with a medley of his greatest hits, with “Hataw Na” which seemed like a perfect pick me up song for the national men’s and women’s team members and their supporters in the audience.
playoff prompted her team to push her directly into the pros. She hasn’t looked back since.
Standing in her way is a field full of talent including Mikha Fortuna, who narrowly missed out on the Splendido crown, along with proven winners like Harmie Constantino, Mafy Singson, Florence Bisera, Sarah Ababa, Laurea Duque and Seoyun Kim.
Fortuna, a former Oklahoma University standout, will be hungry for redemption after her runner-up finish at Splendido. As the defending champion of last year’s PGT Match Play
JIWON LEE is a rising star on the Ladies Philippine Golf Tour.
Championship, where she outclassed Kim with a 5&4 victory in the finals, she’s looking to add another title to her impressive resume.
The 54-hole ICTSI Forest Hills Classic, organized by Pilipinas Golf Tournaments, Inc., marks the seventh leg of this year’s LPGT circuit and serves as the final stop in Luzon before the tour heads to the three-leg Visaya swing next month.
Bolick, Fajardo get PBA press corps’ nod for season awards
ROBERT BOLICK, June Mar Fajardo and the thrilling Game
6 of the Philippine Cup Finals between Meralco and San Miguel Beer are among those to be recognized in the 30th Philippine Basketball Association (PBA) Press Corps Awards Night on September 24 at the Novotel Manila Araneta City. N LEX’s prolific shooting guard Bolick will be honored as the Season 48 Scoring Champion, while Fajardo will hoist the Order of Merit trophy and the Beermen and Bolts will share the Game of the Season award.
The 32-year-old Bolick averaged 25.3 points to lead the league in scoring in his first season with the Road Warriors after he was traded from
To adjust or not to adjust
Northport for Don Trollano.
His average was the highest among locals over the last 11 seasons since Gary David posted 25.8 points per game for Powerade during the 2011-12 season, according to PBA chief statistician Fidel Mangonon III.
The 6-foot-10 Fajardo, on the other hand, will receive his third Order of Merit honor from the group that regularly covers the PBA beat after 2018 and 2019.
T he San Miguel Beer big man twice emerged as the PBAPC-Pilipinas Live Player of the Week in a tie with Arvin Tolentino of Northport and Jason Perkins of Phoenix.
audacious question. “No. We are sticking to our offense.”
They went on to lose a third consecutive match.
I c an understand about not straying from the system but as we say in the vernacular, “ huli na laro mo, eh.” Watching UFC 306 last Sunday, I knew that the bantamweight title fight between Sean O’Malley and Merab Dvalishvili presented match-up problems for the former who entered the fight as the defending champion.
D valishvili’s cardio has always been superb. His ring activity is incredible as he never seems to tire out. Furthermore, his style is to frustrate an opponent that is designed to take them off their game plans. Then he patiently looks for an opening for a takedown and goes for the submission.
I f O’Malley took any of the five rounds, it was one round. Then again, maybe not even. He stood there patiently waiting to land that knockout.
It never came.
Th at is poor strategy. I am sure they prepared for the takedowns but he sure didn’t look like he was ready for Merab.
I g uess they missed that match between Conor McGregor
EBy Josef Ramos
RNEST JOHN “EJ” OBIENA was at his meet-and-greet activity at the Ayala Malls at the Bay in Pasay City on Sunday but it wasn’t the two-time Olympian alone who was there to post for pictures and sign autographs.
W ith Obiena by his side was Sergey Bubka—the legendary Ukranian pole vaulter, now 60, owns one Olympic gold medal from Seoul in 1988, six world championships and four world indoor titles in an illustrious career that only ended when he was 38.
A nd he had promising words for the 28-year-old Obiena, who has yet to clinch an Olympic medal after his stints in Tokyo and Paris.
Age has never been a factor in pole vaulting. It is not a problem, not an issue,” Bubka told BusinessMirror in an exclusive interview. “I retired at 37 and EJ has plenty of time to improve and work hard to achieve his goal.”
It is now up to him and coach Vitaly [Petrov] on how they plan for it, but now they are building their plans and programs for the 2028 LA Olympics,” Bubka said. “He [Obiena]
and Khabib Nurmagomedov who thoroughly dominated the former and forced him to tap out. That shocked many, many people.
W hen a striker goes up against a grappler, if you do not have any crossover knowledge of other fight styles, then you are mincemeat. It will not be every day where you knock out your foe. By the same token, it isn’t every day that a grappler will beat a striker. There is a huge probability though the grappler will go out with a win.
S o at the end of UFC 306, Dvalishvili took home O’Malley’s belt.
is very motivated to return. He’s determined to win a medal or a gold medal in the Olympics.”
B ubka was the first to breach 6.0 meters in 1985 but for almost 40 years, only 29 pole vaulters, Obiena included, were able to join the elite club that the Ukranian established. They wanted somebody to coach him [Obiena] 10 years ago and we referred coach Vitaly,” he said. “I’m incredibly happy with what I am seeing right now. He is now a twotime Olympian, Asian champion, and the World’s No. 2.”
B ubka, a World Athletics Hall of Famer and the Olympic committee president of his country from 2005 to 2022, said he’s staying in Manila for a while to join Obiena in his pole vault clinics at the PhilSports Arena in Pasig City that began Sunday. Volleyball star Alyssa Valdez, karate sensation Jamie Lim and football player Hali Long were also with Obiena, Bubka and Petrov in the activity.
I n the co-main event, Valentina Shevchenko regained her UFC women’s flyweight title from her recent tormentor in Alexa Grasso. In that match, Shevchenko looked to go on the offensive in order to dictate the rhythm of the fight. When the opportunity presented itself, go for the take down and wear out Grasso. Shevchenko won all five rounds and was given back her belt. Watching Grasso—who I was rooting for—I was stunned to see that did she accept that she was going to be taken down instead of trying to win via submission while on her back? One of her coaches was telling her to move forward and to stay on her feet. But
INTERNATIONAL Master Daniel Quizon (center) with (from left) Jan Jodilyn Fronda, Pau Bersamina and Janelle Mae Frayna.
SAN MIGUEL Beer’s June Mar Fajardo and NLEX’s Robert Bolick in action during their recent game that the Beermen won, 119-114.
BUBKA
FIVB
NONIE REYES