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Chip maker Intel beats earnings expectations as it pursues rivals
US chip giant Intel on Thursday said it made more money than expected in the recently ended quarter as it continued to invest in a "geographically balanced" supply chain. Intel shares jumped more than 7 percent to $34.88 in after-market trades. "We delivered a standout third quarter, underscored by across-the-board progress on our process and product roadmaps; agreements with new foundry customers, and momentum as we bring AI everywhere," said Intel chief executive Pat Gelsinger. Intel reported revenue of $14.2 billion, which was 8 percent less than the amount seen in the same quarter a year earlier but ahead of forecasts. Net income tallied $300 million, compared with $1 billion profit in the same period in 2022, earnings figures showed. "Our results exceeded expectations," said Intel chief financial officer David Zinsner, who said earnings benefited from "expense discipline." Intel has been working to catch up with rivals, especially Nvidia, when it comes to powerful chips needed to handle the computing demands of artificial intelligence. Intel touted investments being made in chip production facilities with an aim of creating a "geographically balanced, secure, resilient supply chain." California-based Intel is seen as a key tool for the United States to reduce its dependence on major global producers, such as Taiwan's TSMC. Earlier this year, Intel announced it would spend $25 billion on a new plant in Israel, with Prime Minister Benjamin Netanyahu calling it the country's single largest foreign investment. The "agreement in principle" would see the semiconductor firm build the facility in the southern city of Kiryat Gat that would open by 2027 and operate at least until 2035, Israel's finance ministry said. Intel has been operating in Israel since the 1970s with development centers and a production site that employs some 12,000 people, the finance ministry said. In 2017, Intel acquired Israel-based Mobileye, which makes technology for automated driving systems in vehicles, for just over $15 billion. Gelsinger said Intel teams have kept operations going despite the war between Israel and Hamas. "Our utmost priority is the safety and welfare of our people in Israel and their families," Gelsinger said. "Despite all of these challenges, they're performing extremely well. I am praying for a swift return to peace." China Gelsinger said Intel was carefully studying updated rules in the United States that tighten curbs on exports of state-of-the-art AI chips to China. "We do believe that we'll have plenty of opportunity in China," Gelsinger said. "We are continuing to deploy our products there broadly, even as we comply and work with (the United States) around the regulations that they're putting in place." The new rules tighten measures from a year ago that banned the sale to China of microchips crucial to manufacturing powerful AI systems. Calls to further close the supply chain grew after the popularity of generative AI platform ChatGPT. When announcing the beefed-up curbs, US Commerce Secretary Gina Raimondo insisted they were intended to close loopholes and prevent China's development of AI for military use. "It's true that AI has the potential for huge societal benefit. But it also can do tremendous and profound harm if it's in the wrong hands and in the wrong militaries," she told US media. The rules will not affect chips used in consumer goods such as laptops, smartphones, and gaming consoles, though some will be subject to export licensing requirements. China has said it is "strongly dissatisfied" and "firmly opposes" the curbs. "The US continues to generalize the concept of national security, abuse export control measures, and implement unilateral bullying," the commerce ministry said in a statement. The post Chip maker Intel beats earnings expectations as it pursues rivals appeared first on Daily Tribune......»»
Trump says his problem with Biden is competence, not age
Joe Biden, America's oldest president, received support from an unexpected ally over his age: Donald Trump said the Democrat was "not too old" to seek a second term, while quickly adding: "I think he's incompetent." The former president's comments, made in an interview with NBC's "Meet the Press" to be aired Sunday, come as America faces a profound debate over the aging of its political class, a major factor ahead of the 2024 elections -- when Biden will be just shy of 82 and Trump himself 78. Polls show that while the age gap between the two men is small, Americans worry more about Biden's age, with one survey finding that three in four people doubt his ability to last a second term. That Trump ended his own term in office as the second-oldest president ever (Ronald Reagan was 77 at the end of his term) presents the real estate magnate with a challenge, however, in repeatedly portraying Biden as too "sleepy" to do the job. But that hasn't stopped the Republican, who would be 82 at the end of a second term, from trying to thread that needle. "Some of the greatest world leaders have been in their 80s," he told NBC. "I'm not anywhere very near 80, by the way. "And Biden's not too old," Trump added. "But I think he's incompetent, and that's a bigger problem." Biden, who overcame a stuttering problem as a youth, has often been mocked for his verbal stumbles. But he remains trim, physically active, does not drink and is often seen riding his bicycle during weekends at his Delaware home. Democrats say he also fares well on the competency front, having overseen the passage of major legislation, including a massive infrastructure bill, the largest gun-safety bill in decades, and the Build Back Better social spending program. Biden has also been active on the global stage. Indeed, during his just-ended trip to Vietnam -- which analysts say was staged partly to highlight his vigor -- that country's 79-year-old Communist leader smilingly complimented Biden on his relative youth. Trump, for his part, has gotten mostly positive marks during annual physicals -- though he has been classed as overweight and does no exercise other than golf. Like Biden, he does not drink. Trump, too, has had his share of bizarre verbal moments, mangled pronunciations and physical stumbles. But in the NBC interview, he said his own age does not concern him, noting that his parents had long lives. "So genetically, that's a good thing." His insistence on his own competency was ridiculed during the 2020 presidential campaign when Trump said he had scored an "amazing" result on what he said was a test of mental acuity. He said he had to remember, in order, these words: "Person, woman, man, camera, TV." His proud and repeated recitation of those five words was ridiculed by political rivals and went viral on social media. Still, in an apparent reference to that test made in the NBC interview, Trump said, "I aced it. I got everything right." The post Trump says his problem with Biden is competence, not age appeared first on Daily Tribune......»»
Trump says his problem with Biden is competence, not age
Joe Biden, America's oldest president, received support from an unexpected ally over his age: Donald Trump said the Democrat was "not too old" to seek a second term, while quickly adding: "I think he's incompetent." The former president's comments, made in an interview with NBC's "Meet the Press" to be aired Sunday, come as America faces a profound debate over the aging of its political class, a major factor ahead of the 2024 elections -- when Biden will be just shy of 82 and Trump himself 78. Polls show that while the age gap between the two men is small, Americans worry more about Biden's age, with one survey finding that three in four people doubt his ability to last a second term. That Trump ended his own term in office as the second-oldest president ever (Ronald Reagan was 77 at the end of his term) presents the real estate magnate with a challenge, however, in repeatedly portraying Biden as too "sleepy" to do the job. But that hasn't stopped the Republican, who would be 82 at the end of a second term, from trying to thread that needle. "Some of the greatest world leaders have been in their 80s," he told NBC. "I'm not anywhere very near 80, by the way. "And Biden's not too old," Trump added. "But I think he's incompetent, and that's a bigger problem." Biden, who overcame a stuttering problem as a youth, has often been mocked for his verbal stumbles. But he remains trim, physically active, does not drink and is often seen riding his bicycle during weekends at his Delaware home. Democrats say he also fares well on the competency front, having overseen the passage of major legislation, including a massive infrastructure bill, the largest gun-safety bill in decades, and the Build Back Better social spending program. Biden has also been active on the global stage. Indeed, during his just-ended trip to Vietnam -- which analysts say was staged partly to highlight his vigor -- that country's 79-year-old Communist leader smilingly complimented Biden on his relative youth. Trump, for his part, has gotten mostly positive marks during annual physicals -- though he has been classed as overweight and does no exercise other than golf. Like Biden, he does not drink. Trump, too, has had his share of bizarre verbal moments, mangled pronunciations and physical stumbles. But in the NBC interview, he said his own age does not concern him, noting that his parents had long lives. "So genetically, that's a good thing." His insistence on his own competency was ridiculed during the 2020 presidential campaign when Trump said he had scored an "amazing" result on what he said was a test of mental acuity. He said he had to remember, in order, these words: "Person, woman, man, camera, TV." His proud and repeated recitation of those five words was ridiculed by political rivals and went viral on social media. Still, in an apparent reference to that test made in the NBC interview, Trump said, "I aced it. I got everything right." The post Trump says his problem with Biden is competence, not age appeared first on Daily Tribune......»»
R-II Builders marks 35 years of excellence
It was a night of memories, music, laughter, and optimism when Quadruple A and Platinum-accredited construction conglomerate R-II Builders, Inc. marked its 35th anniversary at the Obispado de Cubao in Quezon City on 8 September. Chairman of the Board Reghis M. Romero II led the celebration, looking back to the day he serendipitously founded the company on the Nativity of the Blessed Virgin Mary with a commitment to excellence. [caption id="attachment_182218" align="aligncenter" width="2560"] Engr./Retired MGen Gerardo P Catindoy outlined the big-ticket projects of RII Builders Inc. that ushers in its 35th year and beyond.[/caption] “To be part of this organization, we have to exceed our expectations,” he said in his speech, affirming the company’s commitment to build better lives for the nation. [caption id="attachment_182220" align="aligncenter" width="2560"] Dr. Reghis M. Romero II offered the toast for more productive years ahead for RII BUILDERS Inc.[/caption] “Ang Pilipino ay isang dakilang lahi. Kayo ang Pilipino, kayo ang dakilang lahi (Filipinos are a great race. You are the Filipinos, you are the great race).” [gallery columns="2" size="full" ids="182210,182211"] R-II Builders president, retired Major General and now Engineer Gerardo P. Catindoy, announced that the company would soon implement “mega infrastructure projects” worth P218 billion. “That’s ten times more than what we have implemented in 35 years,” he said. [gallery columns="2" size="full" ids="182214,182219"] These undertakings include a project with the Metro Rail Transit, the Canlubang-Bay bypass road and development project, and the Cebu agro-industrial and reclamation project. Romero was also recognized as among the company’s four pillars. Engineer Edmond Q. Sese, Engineer Victor S. Songco and Reghis “Red” Romero III were the three others. [caption id="attachment_182216" align="aligncenter" width="2560"] Mark Roy Boado, RII Builders Vice President for Business Development and Community Relations welcomed the guests, officials’ and guests of RII Builders Inc.[/caption] Sese served as president during the company’s birth-pain years, from 1990 to 1999, while Romero III took the leadership reins from 2005 to 2006. “Let us toast to signify our commitment to build better lives. Cheers to everybody!” Romero said. The post R-II Builders marks 35 years of excellence appeared first on Daily Tribune......»»
US, Chinese and Russian officials gather at Southeast Asia summit
US Vice President Kamala Harris, Chinese Premier Li Qiang, and Russian Foreign Minister Sergei Lavrov will attend an East Asia summit in Indonesia on Thursday, offering an opportunity for direct, high-level diplomacy between the rivals. The 18-nation meeting will bring Washington and Beijing into contact a day after Premier Li Qiang warned major powers must manage their differences to avoid a "new Cold War", ahead of the G20 summit in New Delhi this week where Chinese President Xi Jinping will be absent. Interactions between the officials from the world's top two economies will be closely watched as they seek to control tensions that risk flaring anew over issues ranging from Taiwan to ties with Moscow and the competition for influence in the Pacific. "To keep differences under control, what is essential now is to oppose picking sides, to oppose bloc confrontation, and to oppose a new Cold War," Li told regional leaders on Tuesday. Harris held her own talks with Southeast Asian leaders on "the importance of upholding international law in the South China Sea", according to a statement from her office, the disputed waterway where Chinese claims have angered several Southeast Asian nations. Thursday's summit will be the first time top US and Russian officials have sat around the same table in almost two months after US and European officials condemned Lavrov at a July ministerial meeting over Russia's invasion of Ukraine. It comes as US Secretary of State Antony Blinken announced $1 billion in new assistance to Ukraine in a surprise visit to Kyiv on Wednesday. Indian Prime Minister Narendra Modi, Japanese PM Fumio Kishida, South Korean President Yoon Suk Yeol, Canada's Justin Trudeau, and Australian PM Anthony Albanese will attend the summit, as well as leaders from the Association of Southeast Asian Nations. G20 host Modi addressed ASEAN leaders on Thursday morning, telling them it is essential to "build a post-Covid rules-based world order" and make collective efforts to ensure a "free and open Indo-Pacific", using another term for the Asia-Pacific region. Thursday's talks come several months after Blinken traveled to Beijing, the first visit by the top US diplomat in nearly five years, where he met Xi as well as former foreign minister Qin Gang. - 'Broken' - The meeting was not expected to be a fiery affair despite the differences between the major powers, according to a Southeast Asian diplomat who will attend. "They will state their positions, these meetings are not tense. Especially at the leaders' level where some degree of decorum will be observed." The group will issue a negotiated joint statement after the summit. While the gathering can bring major players together, its ability to help resolve a range of regional and global disputes is limited, experts say. "It's a sign of the ASEAN convening power but lately we can say that the East Asia summit is broken. It has been turned into a forum for talking points," said Aaron Connelly, senior fellow at Singapore-based think tank IISS. While Thursday's meeting will be more geopolitical in scope, big powers used earlier talks in Jakarta to shore up alliances and lobby the Southeast Asian bloc. Li traveled on a Chinese-funded high-speed train project between the capital Jakarta and the Javan city of Bandung with a senior Indonesian minister on Wednesday. Harris held separate meetings with Indonesian President Joko Widodo and Philippine President Ferdinand Marcos Jr. -- both ASEAN members -- on the sidelines of the summit. "The Vice President reaffirmed the United States' ironclad alliance commitment to the Philippines, and highlighted the role the US-Philippines alliance plays in ensuring a free, open, and prosperous Indo-Pacific," her office said in a statement. South Korea's Yoon reportedly pushed for the bloc to counter North Korea's nuclear threats, calling for any military cooperation with the country to stop. United Nations Secretary-General Antonio Guterres will also give an address on the sidelines of the summit later on Thursday. ASEAN members are holding bilateral meetings with India, Australia, and the UN on Thursday. The post US, Chinese and Russian officials gather at Southeast Asia summit appeared first on Daily Tribune......»»
Gov’t seeks Indon capital
Finance Secretary Benjamin Diokno presented to Indonesia’s business community the Philippine economic plans for securing investments in infrastructure, energy and technology. In a statement by the Department of Finance on Thursday, it said Diokno conducted the talk in Jakarta City on Wednesday ahead of the 10th ASEAN Finance Ministers and Central Bank Governors’ Meeting from 24 to 25 August. The listeners included members of the Indonesian Chamber of Commerce and Industry and the Philippine Business Club Indonesia, and officials of foreign embassies in Jakarta. Diokno said the Philippine lawmakers are now studying all measures for faster public-private partnerships or PPPs as the Marcos administration aims to build 197 infrastructure flagship projects, including railways, airports and water management, among others. PPP crucial “The PPP Act, which is currently pending in the Senate, consolidates all legal frameworks on PPP and creates a unified system for investors to refer to when engaging in PPP projects,” DoF said. To build more capital for Philippine infrastructure development and diversify investment channels, Diokno said government agencies are now crafting the rules and regulations of the Maharlika Investment Fund. “This is the Philippines’ first sovereign investment fund that will serve as a platform for investors to engage in direct equity investments in Philippine ventures,” he said. Diokno said both the legislative proposal and newly approved sovereign fund will support economic expansion from liberalized investment laws passed by the previous Duterte administration. Diokno shared amendments to the Public Service Act which now allows full foreign ownership from 40 percent previously of various businesses, such as airlines and telecommunications. Amid growing concerns with climate change, the finance chief said this applies also to renewable energy facilities, such as solar plants. Indonesia, along with China and India, is among the world’s largest exporter of coal, according to the International Energy Agency. However, Indonesia vowed to achieve net-zero carbon emissions by 2060, while it is 2050 for the Philippines. To ensure efficient management and profitability of infrastructure, Diokno said the government also eased processes for foreign investors under the Build-Operate-Transfer Law. “To help foster the development of high quality, modern, and sustainable infrastructure in the country, we wasted no time in building a fertile business and investment ecosystem for private players,” Diokno said. The post Gov’t seeks Indon capital appeared first on Daily Tribune......»»
Fancied Italians sweep tuneups in strong FIBA World Cup build-up
Italy further bolstered its status as the team to beat in Group A with host Gilas Pilipinas after a remarkable build-up marked by an unbeaten campaign in seven matches ahead of the FIBA Basketball World Cup......»»
‘We are afraid’: Violence-hit Ecuador votes under heavy security
Heavily-armed security officers kept watch Sunday as Ecuadorans voted in a presidential election marked by the murder of a top candidate and despair over the lawlessness that has engulfed the once-peaceful nation. Polls closed after a tense day, with soldiers and police searching voters at the entry to polling stations, while some of the eight presidential candidates wore helmets and bulletproof vests to cast their ballots. The small South American country has in recent years become a staging for foreign drug mafias seeking to export cocaine, stirring up a brutal war between local gangs. The murder of serious presidential contender Fernando Villavicencio on the campaign trail less than two weeks before the vote underscored the challenges facing the country. "The most serious problem is insecurity," said voter Eva Hurtado, 40, as she left a polling station north of the capital Quito on Sunday morning. "So many crimes, assassinations, disappearances. We are afraid." "Security, above all the security of our families, of our people, must be improved," said public worker Luis Veloso, 52. Villavicencio's killing has reshuffled the electoral cards, with none of the eight contenders expected to get an absolute majority -- likely forcing a runoff on October 15. Ecuadorans voted for a successor to conservative leader Guillermo Lasso, who called a snap election to avoid an impeachment trial just two years after coming to power. - Lawyer, reporter, sniper - Leading the polls before Villavicencio's murder was Luisa Gonzalez, 45, a lawyer from the leftist party of former president Rafael Correa. Villavicencio, who was polling second before his murder, was replaced at the last last minute by a close friend, another journalist, Christian Zurita, who witnessed his gunning down. Hours ahead of the vote, Zurita said he was receiving death threats on social media. "The threats against my life and my team will not stop us, but they are forcing us to take greater security protocols," he wrote on X, formerly Twitter, adding that his party had alerted authorities and election observers. Political analysts say the candidate who has seen the biggest boost to his popularity is 40-year-old right-wing businessman Jan Topic. Nicknamed "Rambo," the former paratrooper and sniper with the French Foreign Legion has vowed to wipe out criminal gangs and build more prisons, emulating El Salvador's Nayib Bukele. While casting his ballot, Topic urged voters to elect "the candidate who has the experience, the will, and the plan to eradicate violence in the country." Other leading candidates are right-wing former vice president Otto Sonnenholzner and leftist Indigenous attorney Yaku Perez. In one of the world's most biodiverse countries, two key referendums are taking place on Sunday alongside the election. One will ask voters to choose whether to continue oil drilling in an Amazon reserve that is home to home to three of the world's last uncontacted Indigenous populations. Another focuses on whether to forbid mining activities in the Choco Andino forest. "I feel bad voting in favor of oil exploitation, but Ecuador lives off this oil," said electrician Magdalena Maurisaca. - Brutal gang war - Ecuador was once seen as a haven of peace wedged between cocaine-producing nations Colombia and Peru. The small country straddles the Andes and the Amazon, and was best known as the world's top exporter of bananas and home to the biodiverse Galapagos Islands, where British scientist Charles Darwin developed his theory of evolution. However, in the past five years its large ports, lax security and corruption have lured foreign cartels that have come under increased pressure from the war on drugs in Mexico and Colombia. A struggle for power between local gangs has mostly played out in prisons, where 430 have been killed since 2021, leaving a trail of dismembered and burned bodies. "Ecuadorans are going to vote with three feelings: fear of insecurity... pessimism regarding the economic situation and distrust of the political class," political scientist Santiago Cahuasqui of the SEK International University told AFP. In 2022, the country hit a record of 26 murders per 100,000 inhabitants, higher than the rate in Colombia, Mexico or Brazil. Voters will also elect members of the 137-seat parliament. Initial results are expected to trickle in late Sunday, with a final tally expected in 10 days. To win in the first round a candidate must capture 40 percent of the vote or come 10 points ahead of their nearest competitor. The new president will take office on October 26 and will serve only the remainder of Lasso's term, a year and a half. bur-fb/dw © Agence France-Presse The post ‘We are afraid’: Violence-hit Ecuador votes under heavy security appeared first on Daily Tribune......»»
Mapúa leads health sciences studies in Mindanao
The Bureau of Labor and Statistics states that employment in the healthcare field is projected to grow by 13 percent from 2021 to 2031. [caption id="attachment_172840" align="aligncenter" width="777"] MAPÚA MCM College of Health Sciences boast of immersive simulation where students can work on 3D anatomical models.[/caption] This increase indicates the creation of two million jobs over a span of 10 years, a much higher than the average for all occupations. With this, students who wish to pursue a career in the medical field have a plethora of options waiting for them locally and abroad. Mapúa Malayan Colleges Mindanao establishes its mastery in the said field through its College of Health Sciences. Programs include BS Biology, BS Psychology, BS Pharmacy, and BS Physical Therapy. Opportunities provided to students encompass global learning, advanced research,and digital technology. Mapúa MCM’s College of Health Sciences has collaborated with Arizona State University to hone pre-med students to be globally ready, be proficient with advanced and immersive facilities and digital mastery. Arizona State University is ranked #1 in the US innovation ahead of MIT and Stanford for eight consecutive years by U.S. News and World Report. ASU is also among the top one percent of universities worldwide, ranked by the Center for World University Ranking 2022-2023 and among the top 150 universities worldwide by the Shanghai Ranking, 2022. MAPÚA MCM College of Health Sciences is one of the few schools in the region that boasts of immersive simulation rooms where students can work on 3D anatomical models, virtual dissection tables and human body projections via AI. But above and beyond technological innovations, MAPÚA MCM College of Health Sciences ensures that their students are anchored on solid ethics and human values through hands-on experience and real-world exposure. Its students undergo internships in hospitals, clinics and community centers where they learn about promotion, prevention, treatment and intervention as they get to interact with real patients. “The medical field is an ever-evolving industry, and the demand for healthcare workers is stronger now than ever. We build our capacity to address this gap through a collaboration with the Healthway network, wherein we streamline the career path of our students — from school to internships and hands-on clinical rotations, straight to career opportunities,” Dr. Adorico M. Aya-ay, dean of the MAPÚA MCM College of Health Sciences, said. MAPÚA MCM also substantiates its faculty members by sending them to train and seminars abroad to learn from experts worldwide. The post Mapúa leads health sciences studies in Mindanao appeared first on Daily Tribune......»»
One giant step: Moon race hots up
Russia's plan to launch its lunar lander on Friday is the latest in an international push to return to the Moon that includes the world's top powers but also new players. Technology, science and politics are all essential factors in the Moon race. Here is the latest: China's great leap China is pursuing plans to send a crewed mission to the Moon by 2030 and plans to build a base there. The world's second-largest economy has invested billions of dollars in its military-run space program in a push to catch up with the United States and Russia. China was the third country to put humans in orbit in 2003 and Tiangong is the crown jewel of its space program, which has also landed rovers on Mars and the Moon. The unmanned Chang'e-4 rocket landed on the far side of the Moon in 2019, with another robot mission to the near side raising the Chinese flag there in 2020. That moonshot brought rock and soil samples back to Earth, the first time that has been done in more than four decades. NASA's Artemis NASA's Artemis 3 mission is set to return humans to the Moon in 2025 including its first woman and first non-white astronaut. Under the Artemis program, NASA is planning a series of missions of increasing complexity to return to the Moon and build a sustained presence in order to develop and test technologies for an eventual journey to Mars. The first, Artemis 1, flew an uncrewed spacecraft around the Moon in 2022. Artemis 2, planned for November 2024, will do the same with crew on board. NASA sees the Moon as a pit stop for missions to Mars and has done a deal with Finnish mobile firm Nokia to set up a 4G network there. However, NASA said this week that the Artemis 3 mission may not land humans on the Moon, depending on whether certain key elements, including the landing system developed by SpaceX, were ready. Elon Musk's firm won the contract for a landing system based on a version of its prototype Starship rocket, which remains far from ready. An orbital test flight of the uncrewed Starship ended in a dramatic explosion in April. Russia's Luna Russia's launch of Luna-25 on Friday will be its first to the Moon since 1976 and marks the beginning of Moscow's new lunar project. President Vladimir Putin is looking to strengthen space cooperation with China after ties with the West broke down following the start of Moscow's invasion of Ukraine in 2022. New players Recent technological progress has reduced the cost of missions and opened the way for new players in the public and private sector to get involved. India's latest space mission Chandrayaan-3 entered the Moon's orbit in August ahead of the country's second attempted lunar landing later this month. But getting to the Moon is not an easy task. Israeli non-profit SpaceIL launched its Beresheet lunar lander in 2019, but it crashed. And in April this year Japan's ispace was the latest company to try, and fail, at the historic bid to put a private lunar lander on the Moon. Two other US companies, Astrobotic and Intuitive Machines, are set to try later in the year. The post One giant step: Moon race hots up appeared first on Daily Tribune......»»
Phl ‘promise’ to tow away BRP Sierra Madre in Ayungin, not under my Pa’s term – Ejercito
Senator Joseph Victor "JV" Ejercito on Thursday asserted that it was not his father, former President Joseph "Erap" Estrada, who allegedly promised China that the Philippines would remove the BRP Sierra Madre in the Ayungin Shoal. “It was former President Joseph Estrada who ordered that BRP Sierra Madre be placed in Ayungin Shoal in 1999 as a symbol of our sovereignty and to mark our territory,” Ejercito said in a statement. “I cannot recall such a commitment from the Philippine government to remove the Sierra Madre,” he added. Over the weekend, China claimed that the Philippines had promised to tow away the grounded BRP Sierra Madre at the Ayungin Shoal. "The Philippine side has repeatedly made clear promises to tow away the warship illegally 'stranded' on the reef," the Chinese Foreign Ministry said. Ayungin Shoal, also known as Second Thomas Shoal, is located 105 nautical miles west of Palawan and is part of the Philippines’ exclusive economic zone. In a separate statement, the Chinese Embassy in the Philippines further supports Beijing's claim that the Philippines promised to tow away the vessel several times. “For instance, in November 1999, the Chinese Ambassador to the Philippines met with Secretary of Foreign Affairs Domingo Siazon and Chief of the Presidential Management Staff Leonora de Jesus to make another round of representations. Many times the Philippines promised to tow away the vessel, but it has taken no action,” the embassy said. “In September 2003, upon the news that the Philippines was preparing to build facilities around that military vessel illegally run aground at Ren'ai Jiao, China lodged immediate representations. The Philippine Acting Secretary of Foreign Affairs Franklin Ebdalin responded that the Philippines had no intention to construct facilities on Ren'ai Jiao and that, as a signatory to the DOC, the Philippines had no desire to and would not be the first to violate the Declaration,” it added. On Wednesday, President Ferdinand Marcos Jr. denied that the Philippine government made such a promise to China. “I’m not aware of any such arrangement or agreement that the Philippines will remove from its own territory its ship, in this case, the BRP Sierra Madre from the Ayungin Shoal,” Marcos said in a video message. He also asserted that he is rescinding any commitment should there be an agreement between the two countries to remove the vessel. "And let me go further, if there does exist such an agreement, I rescind that agreement now,” Marcos said. According to the Department of Foreign Affairs, the Philippines decided in 1999 to deploy the BRP Sierra Madre as a permanent station on Ayungin Shoal in response to China’s illegal occupation of Panganiban Reef in 1995. “The deployment of a Philippine military station in its own areas of jurisdiction is an inherent right of the Philippines and does not violate any laws,” it added. The agency also explained that the Philippine station on Ayungin Shoal was deployed in 1999, years ahead of the conclusion in 2002 of the Declaration on the Conduct of Parties in the South China Sea. “[It] is therefore not a violation of the DOC,” it pointed out. The DFA also reiterated that China Coast Guard’s actions on 5 August which includes the use of water cannon and dangerous maneuvers against Philippine vessels were in violation of the relevant provisions of the 1982 UNCLOS, the Award on the 2016 South China Sea Arbitration, the 1972 COLREGS, and the 2002 ASEAN-China DOC. “The 2016 Arbitral Award is based on UNCLOS and affirms UNCLOS. It is final, legal and binding,” the agency said. The post Phl ‘promise’ to tow away BRP Sierra Madre in Ayungin, not under my Pa’s term – Ejercito appeared first on Daily Tribune......»»
Gov’t eyes MILF decommissioning completion ahead of 2025 BARMM parliament election
The government is targeting to complete the decommissioning of the remaining 1,301 Moro Islamic Liberation Front combatants ahead of the first-ever Bangsamoro Autonomous Region in Muslim Mindanao parliament election in 2025, with the third phase of the decommissioning process slated to begin on 3 August. This was announced by Presidential Adviser on Reconciliation, Peace, and Unity, Secretary Carlito Galvez Jr., during the 2023 post-State of the Nation Address or SoNA forum held in Pasay City on Wednesday late afternoon. “Actually it’s a way earlier because we are targeting to finish the decommissioning before the BARMM election 2025 along with parallel programs of the government for the former combatants,” Galvez told reporters in an interview. The peace adviser noted around 24,600 former MILF combatants have already been decommissioned since the Office of the Presidential Adviser on the Peace Reconciliation and Unity as well as Independent Decommissioning Body, began facilitating the first and second phases of the program. A total of 19,345 MILF combatants have availed of the first phase of decommissioning in 2015 and the second phase from 2019 to 2020. At least 5,500 MILF combatants underwent decommissioning until end-December of 2022. Galvez said the decommissioning program comes with the provision of emergency employment, social entrepreneurship projects, and skills development training to the former combatants. “It’s very critical that we build on the peace gains and ensure continuing progress in the BARMM,” he added. Under the decommissioning program, qualified family beneficiaries were also given a Bangsamoro Transitory Family Support Package amounting to P80,000 and P20,000 worth of Livelihood Settlement Grants. This program is part of the normalization track under the Bangsamoro Organic Law—which is designed for the peaceful reintegration of former combatants into their communities with several support packages provided by the concerned national agencies and local government units. The post Gov’t eyes MILF decommissioning completion ahead of 2025 BARMM parliament election appeared first on Daily Tribune......»»
Amazon invests $120 million in internet satellite facility
Amazon said Friday it will invest $120 million to build a satellite construction facility at NASA's Kennedy Space Center, as part of its plans to launch a space internet service to rival SpaceX's Starlink. The company founded by Jeff Bezos says its "Project Kuiper" will provide "fast, affordable broadband to unserved and underserved communities around the world," with a constellation of more than 3,200 satellites in low Earth orbit. "We have an ambitious plan to begin Project Kuiper's full-scale production launches and early customer pilots next year, and this new facility will play a critical role," said Steve Metayer, vice president of Kuiper Production Operations. The company has another production facility in Kirkland, Washington, where it will begin operations by the end of this year. The units will then be sent to Florida to carry out final preparations, and integrate them with rockets from Blue Origin -- also founded by Bezos -- and United Launch Alliance ahead of launch. Elon Musk's SpaceX launched the first batch of its more than 3,700 operational Starlink satellites in 2019 and is by far the biggest player. London-headquartered OneWeb is another early entrant in the emerging sector. But governments are also keen to join the rush. China plans to launch 13,000 satellites as part of its GuoWang constellation, while Canada's Telesat will add 300, and German start-up Rivada is eyeing 600. That will be in addition to the European Union's Iris project -- 170 satellites -- and the 300-500 satellites planned to be launched by the US military's Space Development Agency. The post Amazon invests $120 million in internet satellite facility appeared first on Daily Tribune......»»
Tens of millions sign up to Twitter rival Threads
More than 30 million people have downloaded Threads, Meta's rival to Twitter, within the first few hours of its launch, the company's CEO Mark Zuckerberg said Thursday. The app went live on Apple and Android app stores in 100 countries at 2300 GMT on Wednesday and will run with no ads for now, but its release in Europe has been delayed over data privacy concerns. Threads is the biggest challenger yet to Elon Musk-owned Twitter, which has seen a series of potential competitors emerge but not yet replace one of the world's biggest social media platforms, despite its struggles. "Feels like the beginning of something special, but we've got a lot of work ahead to build the app," Zuckerberg wrote on his official Threads account Thursday. Accounts were already active for celebrities such as Jennifer Lopez, Shakira, and Hugh Jackman, as well as media outlets including The Washington Post and The Economist. Zuckerberg also offered a shot across the bow at Musk -- the pair are known to be bitter rivals and have offered to wrestle it out in a cage fight. In his first tweet in over a decade, Zuckerberg posted a Spiderman pointing at Spiderman meme in an apparent reference to the similarities between Threads and Twitter. On Threads, he wrote: "It'll take some time, but I think there should be a public conversations app with 1 billion+ people on it." Twitter has said it has more than 200 million daily users. Be kind Threads was introduced as a clear spin-off of Instagram, which offers a built-in audience of more than two billion users, sparing the new platform the challenge of starting from scratch. Instagram chief Adam Mosseri told users that Threads was intended to build "an open and friendly platform for conversations." "The best thing you can do if you want that too is be kind," he said. Zuckerberg is taking advantage of Musk's chaotic ownership of Twitter to push out the new product, which Meta hopes will become the go-to platform for celebrities, companies, and politicians. "It's as simple as that: if an Instagram user with a large number of followers such as Kardashian or a Bieber or a Messi begins posting on Threads regularly, a new platform could quickly thrive," strategic financial analyst Brian Wieser said on Substack. Analyst Jasmine Engberg from Insider Intelligence said Threads only needs one out of four Instagram monthly users "to make it as big as Twitter." "Twitter users are desperate for an alternative, and Musk has given Zuckerberg an opening," she added. Under Musk, Twitter has seen content moderation reduced to a minimum with glitches and rash decisions scaring away celebrities and major advertisers. He has angered Twitter's most devoted aficionados by declaring that access to its TweetDeck product -- which allows users to view a fast flow of tweets at once -- would be for paying customers only. EU many months away Meta has its legion of critics too, especially in Europe, which could slow the growth of Threads. The company has been criticized for its handling of personal data, the essential ingredient for targeted ads that help it rake in billions of dollars in profits. Mosseri said he regretted that the launch was delayed in the European Union, but had Meta waited for regulatory clarity from Brussels, Threads would have been "many, many, many, months away." "I was worried that our window would close because timing is important," he told the tech news site Platformer. According to a source close to the matter, Meta was wary of a new law called the Digital Markets Act, which sets strict rules for the world's "gatekeeper" internet companies. One rule restricts platforms from moving user data between products, as would potentially be the case between Threads and Instagram. The EU Commission, which will oversee compliance with the DMA, declined to comment on what it said was a private business decision. Meta was caught doing just that after it bought WhatsApp, and European regulators will be on high alert to ensure it does not do so illegally with Threads. Globally, the Threads hashtag on Twitter has garnered three million tweets, with many users jokingly suggesting people will return to Musk's platform. "10 mins into threads app. Me coming back to Twitter," one user wrote, sharing a video of a man sprinting. Others expressed privacy concerns. "Meta loves to collect private information and I don't trust the way it treats private information," a Japanese user tweeted. "I also have the impression that this is a company hated by the EU, so I'm reluctant." But some said they would permanently move to Threads. One Threads user wrote: "Now I truly can say goodbye to Twitter forever." The post Tens of millions sign up to Twitter rival Threads appeared first on Daily Tribune......»»
UN talks aim to harness AI power and potential
The United Nations is convening this week a global gathering to try to map out the frontiers of artificial intelligence and to harness its potential for empowering humanity. The UN hopes to lay out a clear blueprint for the way forward for handling AI, as the development of the technology races ahead the capacity to set its boundaries. The "AI for Good Global Summit", being held in Geneva on Thursday and Friday, will bring together around 3,000 experts from companies like Microsoft and Amazon as well as from universities and international organizations to try to sculpt frameworks for handling AI. "This technology is moving fast," said Doreen Bogdan-Martin, head of the International Telecommunication Union, the UN's information and communications technology agency that convened the summit. "It's a real opportunity for the world's leading voices on AI to come together on the global stage and to address governance issues," she told reporters. "Doing nothing is not an option. Humanity is dependent upon it. So we have to engage and try and ensure a responsible future with AI." She said the summit would examine possible frameworks and guardrails to support safe AI use. Listed participants include Amazon's chief technology officer Werner Vogels, Google DeepMind chief operating officer Lila Ibrahim and former Spain football captain Iker Casillas -- who suffered a heart attack in 2019 and now advocates for AI use in heart attack prevention. They will be joined by dozens of robots, including several humanoids like Ai-Da, the first ultra-realistic robot artist; Ameca, the world's most advanced life-like robot; the humanoid rock singer Desdemona; and Grace, the most advanced healthcare robot. Benefiting humanity? The Geneva-based ITU feels it can bring its experience to bear on AI governance. Founded in 1865, the ITU is the oldest agency in the UN fold. It established "SOS" as the Morse code international maritime distress call in 1906, and coordinates everything from radio frequencies to satellites and 5G. The summit wants to identify ways of using AI to advance the UN's lagging sustainable development goals on issues such as health, the climate, poverty, hunger and clean water. Bogdan-Martin said AI must not exacerbate social inequalities or introduce biases on race, gender, politics, culture, religion or wealth. "This summit can help ensure that AI charts the course that benefits humanity," UN chief Antonio Guterres said. However, while AI proponents hail the technology for how it can transform society, including work, healthcare and creative pursuits, others are worried by its potential to undermine democracy. 'Perfect storm' "We're kind of in a perfect storm of suddenly having this powerful new technology -- I don't think it's super-intelligent -- being spread very widely and empowered in our lives, and we're really not prepared," said serial AI entrepreneur Gary Marcus. "We're at a critical moment in history when we can either get this right and build the global governance we need, or get it wrong and not succeed and wind up in a bad place where a few companies control the fates of many, many people without sufficient forethought," he said. Last month, EU lawmakers pushed the bloc closer to passing one of the world's first laws regulating systems like OpenAI's ChatGPT chatbot. There is also growing clamor to regulate AI in the United States. ChatGPT has become a global sensation since it was launched late last year for its ability to produce human-like content, including essays, poems and conversations from simple prompts. It has sparked a mushrooming of generative AI content, leaving lawmakers scrambling to try to figure out how to regulate such bots. Juan Lavista Ferres, chief data scientist of the Microsoft AI For Good Lab, gave an example of how AI could be used "to make our world a better place". He compared the more than 400 million people diagnosed with diabetes, a major cause of blindness, with the small number of ophthalmologists. "It's physically impossible to diagnose every patient. Yet we and others have built AI models that today can take this condition with an accuracy that matches a very good ophthalmologist. This is something can even be done from a smartphone. "Here AI is not just a solution, but it's the only solution." The post UN talks aim to harness AI power and potential appeared first on Daily Tribune......»»
Marcos admin adamant to improve Phl transportation
President Ferdinand R. Marcos Jr. on Saturday said that his administration is adamant to improve the country’s public transportation systems. Speaking at the ceremonial loan agreement signing for the Davao Public Transport Modernization Project in Davao City, Marcos said his administration is committed to addressing the pressing issues hounding the country’s transportation sector saying that they “will remain relentless in providing solutions to the pressing challenges that hinder our path towards prosperity and progress.” “I assure my fellow Filipinos that your government is working hard to improve the country’s transportation systems, operations, and management for the benefit of present and future generations,” Marcos said in a speech delivered at Acacia Hotel in Agdao, Davao City. Marcos expressed confidence that the government’s vision to effectively functional transportation system is possible and achievable. “As long as we are guided by the core of the whole-of-nation and whole-of-society approach, I am confident that our vision of a seamless, efficient, accessible, and highly connected transportation system will be well within reach,” he said. Marcos pressed the need to pursue the much-needed modernization of the country’s transport system “whether through better roads, highways, and even railways.” During the event, Marcos witnessed the Philippine government and the Asian Development Bank sign the loan agreement for the DPTMP, which aims to support the expanding economic activities of Davao City. Finance Secretary Benjamin Diokno and ADB country director Pavit Ramachandran inked the US$1 billion loan granting the establishment of a city-wide public transport project—the first project in the country to deploy electric bus fleets. This project serves in support of the Philippines’ efforts to reduce greenhouse gases and promote climate action. “It’s not only good for the economy, but also, ultimately, for the health and general well-being of the public,” the President said. Marcos said the event marks another milestone “that heralds a very large leap towards realizing our goal to modernize our country’s public transportation system.” “As it (DPTMP) opens its doors to visitors and investors, the city will be rewarded with increased business opportunities. Increased commercial activities necessarily bring more people which means more vehicles on the streets, busier roads, and hence, heavier traffic,” he said. Marcos said the DPTMP, envisioned as early as 2010, will have an integrated network of 29 routes that will connect major commercial centers in Davao City. It is expected to attract various socio-economic opportunities for Davaoeños. He thanked the ADB officials for their unwavering support of various government projects and initiatives. “As we further our partnership, I am optimistic that we will come up and forge even more projects in the years ahead, especially those that aim to improve the lives and lessen the burden to the Filipino public,” Marcos told ADB officials. Complete within timeline Meanwhile, Marcos ordered the Department of Transportation to work hard for the completion of the DPTMP within the set timeline. He also directed DoTr to promptly address various concerns such as funding requirements, traffic management issues, and the affected households. Despite acknowledging the positive developments that the DPTMP will bring to Davao City, Marcos stressed the need to provide assistance to those who will be affected by the implementation of the project. “Lest we forget, coupled with this grand vision of building an efficient mode of transportation are the unavoidable issues that also need our immediate attention, such as the families who will be displaced by the implementation of the program,” he said. However, Marcos assured that the project will social development interventions, such as financial and non-financial assistance for those who are displaced. “It will also ensure that the families affected by the construction are properly compensated and if need be, relocated,” he added. The DPTMP—covering 672 kilometers with nine routes that connect key areas in Davao City to Panabo City, Davao Del Norte.— is one of the big infrastructure projects under the “Build, Better, More” infrastructure program of the Marcos administration. A total of 1,105 buses are expected to operate along the routes. DPTMP is projected to start initial operations by 2024 and can serve around 800,000 passengers daily. The post Marcos admin adamant to improve Phl transportation appeared first on Daily Tribune......»»
Shipping industry must adapt to new technology, workforce training – PBBM
President Ferdinand Marcos Jr. has called for a sustainable future for the shipping and seafaring industries, as the sector undergoes a major transformation. Speaking at the International Chamber of Shipping and the Filipino Shipowners Association, Marcos said that the shipping industry must adapt to new technologies and fuels, and invest in a highly qualified workforce. "We must come together to envision and shape the future of the industry and global trade for the next 25 years," Marcos said. "We can do this by identifying the skills required for the new generation of ships, discussing education and training requirements, and committing to a fair and just transition to build a future-ready and resilient shipping industry,” he added. Marcos also highlighted the Philippines' maritime heritage and said that the government would continue to strengthen maritime-related policies and protect seafarers. "We are also grateful for the opportunities that our seafarers have created and are thankful for the wealth that they have brought home," Marcos said. "I thus ensure everyone that this government will continue strengthening maritime-related policies and protecting our seafarers and their loved ones." Marcos reiterated his directive to the Maritime Industry Authority and the Commission on Higher Education to work closely with the shipping industry on the upskilling and reskilling of Filipino seafarers to prepare them for the shift of ocean-going vessels from using conventional fuel sources to green ammonia between 2030 to 2040. However, Marcos is confident that the shipping industry can overcome these challenges and emerge stronger. "I am confident that, with all of us working together, we will navigate the turbulent tides ahead and chart a course towards a stronger and sustainable tomorrow for seafarers and the global community," Marcos said. He also enjoined all the national government agencies, multilateral organizers, and private stakeholders to work together in identifying strategies to ensure the availability of skilled workers to fulfill the requirements of the shipping industry. He concluded his speech by saying that he is confident that, with all of us working together, we will navigate the turbulent tides ahead and chart a course towards a stronger and sustainable tomorrow for seafarers and the global community. The post Shipping industry must adapt to new technology, workforce training – PBBM appeared first on Daily Tribune......»»
Jaime Ponce de Leon — Art world’s man of the hour
To say that Jaime de Leon gave us his most prized treasure by sharing his “Hymen, Oh Hymenee” by Juan Luna would be an understatement. Jaime has not only made legions of art lovers happy and ecstatic; what he has achieved, by allowing the exhibition of this missing masterpiece, the holy grail of Philippine art, is an earthshaking development — one that, as it were, had ignited an intense movement of the “tectonic plate” of Philippine cultural heritage. [caption id="attachment_145553" align="aligncenter" width="525"] Photographs courtesy of leon gallery | ‘Hymen, oh Hyménée,’ in its finest details, manifests Juan Lu-na’s genius as an artist.[/caption] What had been missing for more than a century finally found its way home, right at the renowned Ayala Museum, thanks to Jaime, the trailblazing founder of the game-changing Leon Gallery, which has been responsible for the change of hands of the most valuable masterpieces of our renowned artists from the Spanish times, through antebellum Philippines and the postwar years, all the way to the new millennium. [caption id="attachment_145552" align="aligncenter" width="525"] JAIME de Leon, NCCA chairman Ino Manalo and Ayala Museum’s senior director Mariles Gustilo.[/caption] His discovery of Luna’s most sought-after painting in a royal house in Europe is a story that will be told through the coming generations of art lovers, enthusiasts, collectors and scholars. Just a few days ago, I visited Jaime in Leon Gallery, and art gallery and auction house that he founded in 2013. He shared with me his life story and how he had stumbled upon a new epicenter around which would revolve the life that he had wanted for himself. Jaime was still pursuing his business management degree in Silliman University when he was elected as the chairman of the barangay located right along the main boulevard of Dumaguete City. Realizing that politics was “not cut for me, I thought that I had bigger dreams. It’s like a fish that you put on a pond. It would only grow up to that size. I wanted to go to the big city. I wanted to live in the ocean and allow myself to be bigger. So, I moved to Manila.” In the big city, he started out as a real estate salesman, one of those guys who gave away brochures at the mall. But he would not last long, as he explored other possibilities. He next spent a year in Malaysia where he worked at the office of a construction firm. “It was a time for discovering myself,” he says. “I also learned how to be truly independent, away from the support of one’s family and home. It was an eye opener for me. After a year, when I got back to the Philippines, I thought, ‘Oh my God. What would I make of my life? I didn’t know which direction to take.” He then decided on taking up interior design at the Philippine School of Interior Design. While he admitted to not being good at drawing, he grew up appreciating “the nice things and antiques in my grandmother’ home.” In time, he was designing for clients. “Of course, when you decorate houses, you put paintings on the walls and you advise your clients and tell them this doesn’t go here. And the client would tell you that since they did not need them anymore, could I find a buyer for them? I ended up selling for clients. From those initial transactions, I started my business. In 2010, I opened a small gallery in Corinthian Plaza. So, I put everything there that I was selling from the houses of people who didn’t want them anymore because they were transferring to smaller houses or they were leaving the country. And she asked me if I was interested to help them liquidate the collection of an insurance company. “So, I said, why don’t I just broker them if all they wanted was to liquidate the art works? That would be easier. I told myself I could probably just borrow money to buy everything and I could just sell them. “But she pointed out that the mandate of their corporation required an auction. And I had zero knowledge about auctions. So, I said, ‘What can I do? I cannot lose this.’ I mean, I had nothing to lose, so should just do it. I told them, ‘I’ll do it.’” Jaime next called Cid Reyes, the art expert and critic. “And he agreed. I had to call all my friends to help. I didn’t have the resources to hire, so it was all request. And so we did our first auction in January 2013. We auctioned everything, all 54 lots.” “The rest,” Jaime said, “is history. I started to acquire my knowledge by going to Christie’s in New York to study the courses they offered. I went to London and studied Art Law. I went to the University of Arts London (UAL). Just to get the feel and just to be able to learn as much as I can. At least I would have more knowledge because I didn’t have any background in art in school. It was his knowledge, along with his network of friends, that would lead him to more breaks. One friend who would make a big difference in his life was Dr. Teyet Pascual, in his time one of the foremost collectors of the country’s masters. It was also with this friendship that his quest for the holy grail of Philippine art would be inspired until it became a lifelong longing to find it. The following is a continuation of my interview with Jaime. Daily Tribune: What is the most important for someone to succeed in the auction business? Jaime Ponce de Leon (JPDL): You know, reputation is the most important in this business. When we were starting, it was difficult to get the trust of these old families. And you know how guarded these old families are. And here comes a new kid on the block, how can he be trusted with our most prized possessions. So, I had to build trust slowly and slowly, brick by brick. DT: Have there been issues and challenges? JPDL: Definitely. When you’re in this business, sometimes you also make mistakes. These happen when things are deemed to be not it was meant to be what it is. Any dealer who says he has not gotten through that is a liar. These things happen. But for as long as you don’t do things knowingly, you know what I mean? I mean, if you don’t do such things knowingly, the world excuses people who are honest. And I think that is essential. DT: How do you go about finding all these treasures? JPDL: You know what? It’s probably through my gut and my grit. And I tend to have the personality of someone with a thick face. Not that I would just knock at anybody’s house, but I am not shy to speak to people, to introduce myself to people. Biggest finds DT: What has been your biggest find? JPDL: Well, in terms of find, of course this Luna. DT: Well, aside from this, can you mention some names? JPDL: Well, of course, in 2015, I was able to find this cachet of Zobels that people never thought existed. I found it in Boston, somewhere in New England. I remember very well there was a party at one of the galleries and I saw Paulino Que and I saw Ken Esguerra and told them, ‘Guys, I have discovered 83 pieces of Fernando Zobel.’ Sabi nila, ‘No, impossible. How come we don’t know anything about it?’ DT: Where exactly did you find it? JPDL: In an attic. The Pfeufer collection. The collector was the guardian of Fernando Zobel in Harvard and in Rhode Island. And when I found this in the attic, I couldn’t believe what I saw. I was already two years in the business. So, I auctioned them one by one. So, it was another white glove sale. Because at that time we made the world record for the most expensive Zobel. At that time, it was just P30 to 35 million in 2015. [caption id="attachment_145551" align="aligncenter" width="525"] at Harvard Business School where Jaime is pursuing his graduate studies.[/caption] So, we were selling fantastic pieces that no one could believe it was found. I mean, how can you find in one attic 80-plus pieces of Fernando Zobel, right? So, we did that. And over the years, of course, this and that. That I would find. DT: Tell me about the Magsaysay-Hos and the others. JPDL: Almost the same. The best ones are also found abroad. The last one was a world record. We sold it for P84 to P85 million. The Jim and Reed Pfeufer collection. So, this is the one I found in New England. The Joya that we sold here, P112 million. The Joya of Josie Baldovino. I’ll tell you a story. Mrs. Baldovino, the sister of Jose Joya, and I were always close. In this business, it’s all about trust. Once you establish the trust with your client, I think you’re already one step ahead. So, Mrs. Baldovino comes to me and tells me that she was already old. She felt she was nearing her run. So, she said, “Jaime, I trust you.” So, she sent me her piece. Her beautiful piece. I went to India, I had a trip and I got a call from her, “Jaime, you know, this collector came to me and offered me P50 million for my Joya.” Of course, that amount was life-changing, It was P50 million. I told Mrs. Baldovino, “Ma’am you know, I truly respect your decision on this. It’s really up to you.” She said, “Jaime, what should I do? This is already P50 million right in front of me.” We already had it with us, so I said, “Ma’am, we will do all our best to make it sell well. But please, I will not hold you to it. I will not get in the way of your decision to sell it for P50 million. But we will do everything we can to make this sell well. Just trust us.” So, finally, she called me back, “Okay, I’ll leave my trust to you. I will leave the piece.” So, three weeks after, the auction happened. And it became the highest painting ever sold in the Philippines. It was P112 million. DT: She must have been very happy. JPDL She was able to build a building in Fairview. A beautiful building, and she was so thankful. Of course, the stars aligned, the blessings were there. DT: What is your advice to anyone who wants to invest in the arts? Which artists should they buy? JPDL: You know what, a lot of them. But, you know, my advice? First, it’s never a good thing when you buy something immediately for investment purposes. When you buy something, buy first something you like. (Enjoy it). If the price goes up, (that’s a) bonus. If it doesn’t, then you enjoy the piece. ‘Taste changes’ DT: Why are some artists expensive, and why do art works of the same artist vary in peso value? JPDL: You know, art has so many factors involved. So much variables involved. There is a conglomeration of things on why an artist becomes successful. They’re all good. But it’s dependent on certain factors. Like, mister something bought the work. People see it. People feel that he’s a good artist because mister something bought the work. He’s exhibited by the right gallery. He’s exhibited in a museum, in a fair. You know, all these, once all these variables conglomerate together, and then, viola. DT: Why do some collections sell fast and some stay with you up to the next auction? JPDL: Well, sometimes there are things that really don’t sell. I mean, probably because of the prices that we put are high. Taste changes. I’ll give you an example. Manansala was very popular in the 1980s. And everybody, all these women, they all wanted to undress themselves in front of Manansala and get themselves painted. But now, it’s no longer the taste of today. People don’t buy nudes. People don’t have themselves painted in the nude. Many people are born again. They’re not allowed to put nudes on their walls. All these reasons. So, taste changes. And it’s a cycle. Editor’s note: The Leon Gallery Spectacular Mid-Year Auction 2023 takes place today June 17, 2023 starting at 2:00 PM, featuring art works from the collections of Manila’s society doyens, Zita Fernandez Feliciano and Delly Tambunting Ongsiakio The post Jaime Ponce de Leon — Art world’s man of the hour appeared first on Daily Tribune......»»
Artificial intelligence and the legal practice
The Sony World Photography Awards of 2023 chose the entry of Boris Eldagsen to receive the first prize in its creative open category. Yet this German artist refused to accept the award. According to a CNN news article, this was because what he submitted was generated by an Artificial Intelligence or AI program. AI can be defined as the simulation of human intelligence by software-coded problem-solving shortcuts. The topic of AI has recently generated buzz. If before it was only a theme of futuristic movies, now the concept is materializing in present-day reality. AI has not only affected the industries of manufacturing, media, and transportation, it has now found its way into the field of law. OpenAI, a San Francisco-based AI research laboratory, launched ChatGPT in late 2022. This is a chatbot, which is an application that can imitate real-world and human-like functions. Some of these functions cover what comprises much of a lawyer’s work — drafting pleadings, reviewing contracts and writing memoranda, among others. Since the possibilities for the development of AI are endless, one cannot help but weigh the pros and cons of using it. In an interview with Reuters, Suffolk University Law School Dean Andrew Perlman thought that much like conducting research in Westlaw and LexisNexis, first-year law students should learn about using ChatGPT as a tool in their legal research and legal writing classes. However, just like any creation undergoing development, AI is far from being perfect. According to a recent national daily news article, an American lawyer is facing controversy when the court document he submitted cited six false cases generated by ChatGPT. He claimed that he was unaware that the AI program may produce fake content. As a result, he will be facing a sanctions hearing. This is not the first time that AI has generated misleading content. Fake photos of former US President Donald Trump being arrested, as well as fake photos of Pope Francis wearing a puffer jacket, went viral on the Internet. With the plethora of information accessible online, it is getting harder to detect what is true and it is getting easier to fabricate what is false. In an article published on the official website of the Supreme Court, Chief Justice Alexander G. Gesmundo revealed in a virtual meeting that the Court had proposed the use of AI for improving court operations. The proposal aims to build on the areas of preparation of transcripts of stenographic notes and digitalization of judgments that were already rendered. Since it has been established that AI can further progress as a powerful tool, it begs to answer the question, “What lies ahead for us in the legal practice?” As a new lawyer, I regularly use electronic legal research tools like CD Asia. Compared to the traditional way of going to the library, electronic tools greatly save time. How much more effort can be saved when one uses AI that can produce output by simply typing an instruction? It is my humble opinion, however, that while AI programs indeed promise cost-cutting benefits, there is nothing wrong with sticking to our old ways of diligently doing our legal work, especially when AI research programs are still problematic. We must err on the side of caution when using Artificial Intelligence because the stakes are high when we talk about what we represent before the courts. Putting myself in the shoes of clients, it would also be disconcerting if the lawyers they hired were charged for work that was only generated by an AI tool. Artificial Intelligence truly has its potential in legal practice. But pertaining to the core of what lawyering is and what the profession means, nothing beats our human touch. (Atty. Kristine Arlyce R. De Guzman just became a Member of the Philippine Bar in 2023. She received her Juris Doctor degree from the Ateneo de Manila University School of Law. She is currently an Associate at the Aranas Cruz Araneta Parker & Faustino Law Offices.) The post Artificial intelligence and the legal practice appeared first on Daily Tribune......»»
Disaster resiliency must be prioritized
Typhoons occur very often in our country. Located along the typhoon belt in the Pacific, the Philippines is visited by 20 typhoons on average yearly. Some have been more devastating than most — ravaging lands, destroying properties, and claiming the lives of our affected Filipinos. And because of climate change, in addition to our geographical location in the Pacific, the Philippines is exposed to natural calamities that are getting more often and more severe. While we can’t prevent the entry of typhoons, we could very well stay one step ahead to minimize the damage brought by these natural disasters and hopefully save more lives through a more prepared and proactive approach, better coordination among concerned government agencies, and stronger cooperation from the public. As super typhoon “Betty” entered the Philippine Area of Responsibility on Saturday, I pray for the safety of all our affected kababayans and hope for an efficient restoration of normalcy once the typhoon passes. I commend our frontline government agencies and local authorities who, days before the typhoon’s entry, so far have reportedly already made necessary preparations to deal with this and its aftermath. These preparations and more go a long way in securing the lives and property of our affected Filipinos. Nevertheless, considering our country’s vulnerability to natural calamities, we must continue instituting measures that will ensure more proactive and effective disaster preparedness and response. Thus, I continue advocating for several disaster resilience measures, including the establishment of the Department of Disaster Resilience through my proposed Senate Bill No. 188. If the bill is enacted into law, the DDR shall serve as an empowered and highly-specialized cabinet level-department with a clear unity of command, responsible for ensuring safe, adaptive, and disaster-resilient communities. It shall lead the crafting and implementation of programs and activities to reduce the risk of all types of natural hazards and effects of climate change and manage the impact of disasters. I have also filed SBN 193, or the proposed Mandatory Evacuation Centers Act, which seeks to require the establishment of evacuation centers in every province, city, and municipality throughout the country that shall provide basic needs and assistance to all evacuees. Also, I have introduced SBN 192, also known as the Rental Housing Subsidy Act, in a bid to provide disaster victims better and more affordable access to the formal housing market through the provision of rental subsidies by the government. Finally, SBN 1709 proposes to amend the provisions of the “Philippine Disaster Risk Reduction and Management Act of 2010” to mandate the grant of hazard pay to the personnel of respective Local Disaster Risk Reduction and Management Offices and Barangay Risk Reduction and Management Committees, as well as all accredited community disaster volunteers enlisted to their respective territorial jurisdictions during the State of Calamity declared by the President. Under the proposed measure, all personnel of the LDRRMOs in all provinces, cities, and municipalities and all accredited community disaster volunteers, regardless of their employment status, shall be granted a hazard pay of P3,000 every month if it is enacted into law. This is in recognition of their invaluable sacrifices and contributions in looking after the safety of our people in the face of disasters and even at the risk of their own lives. Similarly, our dedication to public service never ceases. From Monday to Sunday, our work inside and outside the hallowed halls of the Senate continues. On top of our Senate sessions, I led the distribution of aid to 1,663 indigents from Gapan City, municipalities of Cabiao and Peñaranda in Nueva Ecija; 1,000 in Pasig City, as well as 1,201 fire victims in Sta. Cruz, Manila last week. On 25 May, I also visited Davao de Oro for the groundbreaking of the Super Health Center, inspect a two-story multi-purpose building, and led a relief activity for 1,000 residents in Maco town. We attended the groundbreaking of Super Health Centers in Libertad town and Barangay Balubal, Cagayan de Oro City, and spearheaded three relief operations for 1,000 indigents in Libertad, and 2,000 in Barangay Balubal, and another 300 in the city on 26 May. Apart from the groundbreaking of the Escalante City Super Health Center in Negros Occidental on 27 May, I aided 2,000 residents of the city composed of fisherfolks, tricycle drivers, solo parents, persons with disabilities, and senior citizens. I joined the 25th Manlambus Festival where I was able to watch a carabao race and provided aid to 200 carabao owners. On 28 May, I inspected the Sariaya Super Health Center in Quezon province and helped 1,000 indigents in the town. In Lucena City, 1,500 residents received aid. I also joined the Pasayahan Festival and inspected the Lucena City Promenade, whose funding I supported. My outreach teams extended aid to 400 barangay health workers and nutritionists in Macalelon, Quezon; 373 Technical Education and Skills Development Authority graduates in Argao, Cebu; and 1,200 tricycle drivers in San Luis, Pampanga. Indigents, including 81 in Llanera, Nueva Ecija; 500 in Binuangan, Misamis Oriental; 250 in Dipaculao and 233 in San Luis, Aurora. Also, our office joined the dental and medical mission of 150 indigents in Pandan, Antique. In the face of inevitable natural hazards, we all must exert efforts to build a more disaster-resilient nation. Through effective measures, preparations, proper coordination, and widespread cooperation, we can all save lives, help each other recover, and rise again even stronger. The post Disaster resiliency must be prioritized appeared first on Daily Tribune......»»