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Crypto crackdown intensifies on Hamas finance
Cryptocurrency has become the latest front in the conflict between Israel and Hamas, analysts say. Israeli and US authorities have intensified their financial hunt into Hamas in recent days as they track illicit funds via digital currencies. Ari Redbord, global policy head at crypto tracking specialist TRM Labs, said there is now less crypto transfer activity on pro-Hamas support networks as a result. "We are seeing a lot less activity in some respects since the war began," Redbord told AFP. This is "primarily because Israel has been very aggressive and successful in taking down these fundraising efforts", he added. Israel has bombed Gaza in response to an unprecedented cross-border attack by Hamas militants who, while firing a massive rocket barrage, killed more than 1,400 people and took 222 hostages on 7 October, according to Israeli authorities. Israeli strikes have now killed more than 6,500 people in Gaza, according to the Hamas-run health ministry. Shadowy world Cryptocurrency is regarded as a speedy way to move cash that is unregulated by any central bank and is less traceable than a traditional bank transfer. The shadowy world of digital units, based on decentralized blockchain technology, has gained notoriety for illicit transactions due to its under-the-radar appeal. Two weeks ago, Israeli police revealed they had located and frozen accounts linked to Hamas that sought "to solicit donations on social networks" via Binance, the world's biggest cryptocurrency exchange. A Binance spokeswoman said it "follows internationally recognized sanctions rules, blocking the small number of accounts linked to illicit funds". Redbord, formerly a senior US government adviser, said Hamas had adopted crypto from 2019 at the latest, to seek funding via the Telegram messaging network and even on its own website. Hamas decided in April that it would no longer accept cash via Bitcoin due to increased global surveillance of the world's biggest digital unit. Crypto fundraising is now operated via a network of Hamas-linked support groups. TRM Labs has closely monitored virtual crypto wallets linked to such support groups since the start of the war. And it has concluded that much smaller amounts of cash than usual are being moved. Two weeks after the attacks, support group Gaza Now received less than $6,000 in one of its crypto wallets, Redbord noted. That compared with $800,000 in total since the wallet's creation in August 2021. Meanwhile, authorities are well aware that digital assets are a minor part of a complex funding picture. The US State Department estimates that Iran funnels $100 million per year to Palestinian groups including Hamas. 'Small piece of puzzle' "Cryptocurrency is a very small piece of a larger financing puzzle for Hamas," said Redbord. "They are looking to Iran; they're... imposing taxes on the Palestinians; they have a network of charities and a diaspora of supporters who are sending donations not in cryptocurrencies." "But crypto does play a role," he said. Digital currencies still represent a significant revenue stream for Hamas and other allied groups. Crypto addresses identified by Israel as being linked to Hamas received about $41 million between August 2020 and July 2023, according to Israeli analytics and software firm BitOK. Other crypto addresses linked to Islamic Jihad received in excess of $154 million between October 2022 and September 2023, with some still active, it adds. Some players in the sector simply turn a blind eye. "Some cryptoasset businesses are intentionally or unwittingly allowing misuse of the crypto ecosystem," said Joby Carpenter, an expert on the industry. "This trend is magnified where exchanges are based in lightly or unregulated jurisdictions," he told AFP. The post Crypto crackdown intensifies on Hamas finance appeared first on Daily Tribune......»»
Converge’s 2-M reach mirrors strong demand for cheap internet plans
Converge ICT Solutions Inc.'s low-cost plans have reached more than two million homes, which signifies the strong mass market demand for efficient and affordable internet services. Converge CEO and Co-Founder Dennis Anthony Uy said on Monday that the company will beef up its product portfolio to better serve customers from different income groups. “We are proud to mark this milestone in our mission to leave no one behind as we empower Filipinos with world-class fiber connectivity. This is a result of our effort to expand growth opportunities through providing more affordable connectivity solutions,” Uy said. Converge finished the first half of the year with a total of 1.97 million residential subscribers, including 1.92 million postpaid and 54,000 prepaid customers. It gained over 92,000 net additional subscribers from January to June. Citing internal data, Converge said August has been its best-performing month in terms of sales. As such, analysts expect an upsurge in sales in the second half of the year. “We are encouraged by the continued growth of our residential subscriber base in the first half of 2023. This is further proof of the superiority of our broadband product, coupled with our people’s laser focus on meeting customers’ needs,” said Converge COO Jesus C. Romero. Converge has launched a prepaid product called Surf2Sawa or S2S, which is gaining traction among budget-conscious customers. The market's positive reception of the product was reflected in the 77 percent growth, with over 25,000 net additions in the second quarter compared to the previous quarter. Its postpaid subscribers sustained its steady growth as the newly-introduced low-cost postpaid plan BIDA Fiber complemented the company’s core product, FiberX, which starts at P1,500 a month with a speed of 200 Mbps. Meanwhile, BIDA Fiber costs P888 per month with a speed of 35 Mbps to connect a maximum of six devices. All three products (FiberX, BIDA, and S2S) offer unlimited data consumption. Converge presently operates the biggest fiber-to-the-home network in the country with more than 7.8 million ports nationwide, as of the first half of the year, as well as one of the country's most extensive cable systems with 670,000-kilometer fiber backbone. As of the end of June 2023, its network infrastructure has passed over 16.6 million Filipino homes, equivalent to 62.3 percent of household coverage nationwide. The post Converge’s 2-M reach mirrors strong demand for cheap internet plans appeared first on Daily Tribune......»»
Vietnam economy grows 5.3% in third quarter
Vietnam's economy grew 5.3 percent on-year in the third quarter, official data showed Friday, though experts warned it was on course to miss an ambitious year-end target. Loan interest rate reductions, an extension of tax payments and increased public investment had a positive impact, the General Statistics Office said. But analysts warn it will be an uphill battle for the clothing, shoes and electronics manufacturing hub to reach a year-end target of 6.5 percent expansion for 2023. "Vietnam would only reach a year-end economic growth of between 4.5 percent and 4.7 percent, much lower than the government's set target," Rong Viet Stocks Company chief economist Tran Thi Ha My told AFP. "Growth for the fourth quarter is expected to be at around six percent... largely thanks to improved industrial production and exports." According to GSO, a slump in demand hit the country's exports. One of Vietnam's largest shoemakers for brands such as Nike, Adidas and Reebok announced in August it would cut jobs for the third time this year. Vietnam earned nearly $260 billion in the first nine months from exports. The communist state has long been a success story among Asian economies and in 2022, its economy grew eight percent. The Asian Development Bank predicts 5.8 percent growth for Vietnam's year-end figure, "mainly due to weak external demand". "Weak external environment, including from a subdued recovery in the People's Republic of China, has hampered export-led manufacturing, thus shrinking industrial production in Vietnam," the bank’s Vietnam country director Shantanu Chakraborty said this week. "The economy remains resilient, and recovery is expected to pick up in the near term, driven by strong domestic consumption, which is supported by moderate inflation, an acceleration of public investment and improved trade activities." The GSO reported that 776,000 more laborers in Vietnam have found jobs since the beginning of the year, compared with the same period last year. Average monthly income was around $288, nearly seven percent higher, GSO said. The post Vietnam economy grows 5.3% in third quarter appeared first on Daily Tribune......»»
French diplomats, troops leaving Niger
France’s diplomats in Niger are returning home soon while 1,500 French troops are pulling out before the year ends. French President Emmanuel Macron announced the withdrawal of the ambassador and other diplomats from Niger in an interview with a French television on Sunday. Macron also said the military cooperation with the African country is over. Niger’s military leaders, which ousted the pro-Paris president two months ago, welcomed the announcement. “This Sunday, we celebrate a new step towards the sovereignty of Niger,” military rulers who overthrew President Mohamed Bazoum on 26 July said in a statement. In August, the junta had told French ambassador Sylvain Itte to leave the country in 48 hours after they overthrew Bazoum. The French government refused to comply, or to recognize the military regime as legitimate. Earlier this month, Macron said the ambassador and his staff were “literally being held hostage” in the mission, eating military rations with no food deliveries. He regularly speaks by phone to Bazoum, who remains under house arrest in the presidential residence. Meanwhile, the junta had banned “French aircraft” from flying over the country’s airspace and it was not clear how the French diplomats will fly out of Niger. The French president has repeatedly spoken of making a historic change to France’s post-colonial imprint in Africa but analysts say Paris is losing influence across the continent especially in the face of a growing Chinese, Turkish and Russian presence. The Economic Community of West African States threatened military action to restore Bazoum but so far its threats, which were strongly supported by France, have not transferred into action. WITH AFP The post French diplomats, troops leaving Niger appeared first on Daily Tribune......»»
France to withdraw ambassador, troops from Niger after coup
President Emmanuel Macron on Sunday announced that France would withdraw its ambassador from Niger, followed by the French military contingent in the coming months, a move welcomed by Niger's military leaders as a "step towards sovereignty". Macron's announcement comes two months after a coup in the West African country that ousted the pro-Paris president. "France has decided to withdraw its ambassador. In the next hours our ambassador and several diplomats will return to France," Macron told French television in an interview, without giving details about how this would be organized. Macron added that military cooperation was "over" and French troops would withdraw in "the months and weeks to come" with a full pullout "by the end of the year". Niger's military rulers responded swiftly in a statement read out on national television, "This Sunday, we celebrate a new step towards the sovereignty of Niger," said the statement from the military rulers, who seized power by overthrowing President Mohamed Bazoum on July 26. "This is a historic moment, which speaks to the determination and will of the Nigerien people," the Niger statement added. Ban on French aircraft Earlier Sunday the Agency for the Safety of Air Navigation in Africa and Madagascar (ASECNA) said on its website that the military rulers had banned "French aircraft" from flying over the country's airspace. It was not clear if this would affect the ambassador being flown out. In his comments, Macron said, "In the weeks and months to come, we will consult with the putschists, because we want this to be done peacefully," he added. France keeps about 1,500 soldiers in Niger as part of an anti-jihadist deployment in the Sahel region. Macron said the post-coup authorities "no longer wanted to fight against terrorism". Niger's military leaders had told French ambassador Sylvain Itte to leave the country after they overthrew Bazoum in July. But a 48-hour ultimatum for him to leave, issued in August, passed with him still in place as the French government refused to comply, or to recognize the military regime as legitimate. Earlier this month, Macron said the ambassador and his staff were "literally being held hostage" in the mission eating military rations with no food deliveries taking place. In Sunday's interview, Macron in the interview reaffirmed France's position that Bazoum was being held "hostage" and remained the "sole legitimate authority" in the country. "He was targeted by this coup d'etat because he was carrying out courageous reforms and because there was a largely ethnic settling of scores and a lot of political cowardice," he argued. 'Very worried about region' The coup against Bazoum was the third such putsch in the region in as many years, following similar actions in Mali and Burkina Faso in 2021 and 2022 that also forced the pullouts of French troops. But the Niger coup is particularly bruising for Macron after he sought to make a special ally of Niamey and a hub for France's presence in the region following the Mali coup. The US also has over 1,000 troops in the country. Macron regularly speaks by phone to Bazoum who remains under house arrest in the presidential residence. The French president has repeatedly spoken of making a historic change to France's post-colonial imprint in Africa but analysts say Paris is losing influence across the continent, especially in the face of a growing Chinese, Turkish, and Russian presence. The Economic Community of West African States (ECOWAS) threatened military action to restore Bazoum but so far its threats, which were strongly supported by France, have not transferred into action. "We are not here to be hostages of the putschists," said Macron. "The putschists are the allies of disorder," he added. Macron said that jihadist attacks were causing "dozens of deaths every day in Mali" after its coup and that now such assaults had resumed in Niger. "I am very worried about this region," he said. "France, sometimes alone, has taken all its responsibilities and I am proud of our military. But we are not responsible for the political life of these countries and we draw all the consequences." The post France to withdraw ambassador, troops from Niger after coup appeared first on Daily Tribune......»»
Taiwan detects 103 Chinese warplanes around island
Taiwan told China on Monday to stop its "destructive unilateral actions" after more than 100 Chinese warplanes and nine navy ships were detected in areas around the self-ruled island. Beijing claims Taiwan as its own territory to be seized one day, by force if necessary, and has ramped up diplomatic and military pressure on Taipei in recent years. Taiwan's defence ministry described the number of warplanes detected in 24 hours as a "recent high", while Beijing has so far refrained from issuing any official comment on the sorties. "Between the morning of September 17th to 18th, the Ministry of National Defence had detected a total of 103 Chinese aircraft which was a recent high and has posed severe challenges to the security across the Taiwan Strait and in the region," it said in a statement. Beijing's "continued military harassment can easily lead to a sharp escalation in tension and worsen regional security," the ministry said, as it called on China to "immediately stop such destructive unilateral actions." Of the total number of warplanes detected, 40 crossed the so-called median line of the Taiwan Strait that separates the island from China, and entered its southwest and southeast air defence identification zone (ADIZ), the statement said. 'High alert' Last week, Taipei also reported an increased number of incursions by Chinese warplanes and ships. The uptick came as Beijing said its troops were on "high alert" after two ships belonging to the United States and Canada sailed through the Taiwan Strait. Taiwan's defence ministry said 68 Chinese aircraft and 10 naval vessels were detected around the island between Wednesday morning and Thursday morning. Some of those planes and warships were heading to an unspecified area of the Western Pacific to "conduct joint sea and air training" with China's Shandong aircraft carrier, the ministry said. The Shandong, one of two operational aircraft carriers in the Chinese fleet, was detected last week around 60 nautical miles (110 kilometers) southeast of Taiwan heading into the Western Pacific, Taipei authorities said. Japan's defence ministry also said last week its navy had detected six ships -- including frigates, destroyers, one fast combat support ship and the Shandong -- sailing through waters some 650 kilometers (400 miles) south of Miyakojima island, east of Taiwan. It confirmed that jets and helicopters had been detected taking off and landing from the Shandong, though China has not commented officially on any drills being conducted in the Western Pacific. 'The same China' Analysts said China could be flexing its muscles to counter US influence in the Asia-Pacific, as it leads multiple rounds of military drills with allies across the region. "Politically, China aims to counter the military containment of democratic allies led by the United States," Su Tzu-yun, an analyst at Taiwan's Institute for National Defence and Security Research told AFP. Following last August's visit to Taipei by Nancy Pelosi, then-speaker of the US House of Representatives, China staged its largest-ever war games around Taiwan. Then in April this year, Beijing conducted a three-day "Joint Sword" military exercise to simulate the encirclement of the island, after Taiwan's President Tsai Ing-wen met US House Speaker Kevin McCarthy in California. While Beijing has yet to issue any statements on its latest sorties, China's Global Times state tabloid posted a comment on the Weibo social media platform. "The mainland and Taiwan belong to the same China, and Taiwan is a sacred and inalienable part of China," the post said, reiterating Beijing's long-standing policy. "The People's Liberation Army's relevant combat training activities are necessary actions to safeguard national sovereignty and territorial integrity," it added, referring to China's military. The post Taiwan detects 103 Chinese warplanes around island appeared first on Daily Tribune......»»
Pause or hike? ECB rate decision on a knife edge
The European Central Bank is walking a tightrope between still-high inflation and a darkening eurozone outlook as it decides whether to lift interest rates again or finally pause its historic hiking cycle. Whether to raise borrowing costs for a 10th straight time when they meet Thursday is shaping up to be rate-setters trickiest decision since the tightening campaign began. The central bank for the 20 countries that use the euro has already lifted rates by 4.25 percentage points since July last year to combat runaway consumer prices. But the Frankfurt institution now finds itself in a "difficult spot," HSBC said in a note, as officials struggle to digest competing data. On one hand prospects for the single currency area are looking bleaker, particularly due to a poor performance in its biggest economy, Germany, which sank into a recession over the winter and is struggling to climb out of it. Latest data showed eurozone second-quarter growth reached just 0.1 percent, lower than previously estimated, while a recent survey pointed to the economy contracting at its fastest rate in three years as a manufacturing slowdown spread to services. The weak data has fuelled calls for the ECB to pause the aggressive hiking cycle for fear it could deepen a downturn, and President Christine Lagarde finally opened the door to doing so at the bank's last meeting in July. Eye-watering inflation But consumer prices, which began surging after Russia's invasion of Ukraine due to galloping energy costs, continue to rise strongly. This would support arguments for another hike to borrowing costs, with the aim of further depressing demand and slowing inflation. Consumer price rises came in unchanged at 5.3 percent in August, way above the ECB's two percent target, although closely-watched core inflation -- excluding volatile energy and food prices -- eased a little. While inflation has slowed since last year as energy costs fall, officials are now worried that other factors, particularly wage increases in a tight labor market, are keeping it elevated. The data makes for a "very complicated mixed bag," said ING economist Carsten Brzeski. "We expect a very heated debate with a close outcome." Brzeski said he expected the 26-member governing council to opt for one final increase, which would take the closely-watched deposit rate to a record high. Other analysts, however, are betting on a pause on Thursday, although they also think the ECB might then impose one final hike at a later meeting. This would be similar to what the US Federal Reserve has done -- taking a break in June before resuming lifting rates again in July. The Fed and the Bank of England are due to hold their next meetings the week after the ECB. Hawks versus doves ECB officials have insisted their decision will depend on incoming data, which has put the focus on updated forecasts the central bank is also due to release on Thursday. In the run-up to the meeting, they have mostly been cagey about what will happen, a contrast to other recent meetings where the decision was usually well-telegraphed in advance. And mixed signals have emerged in recent days. Governing council member Peter Kazimir called for another 25-basis-point hike, with the Slovak central bank chief writing in an op-ed it is "better to be safe than sorry". But another member, Italian central bank boss Ignazio Visco, disagreed with those who think it is better to overdo it, rather than undershoot, while ECB chief economist Philip Lane welcomed signs inflation was easing in some areas. Analysts stressed it was far from clear whether the "hawks", backers of further tightening, or "doves" -- proponents of a pause -- would prevail on Thursday. But if they do choose to lift rates, it will likely be "the final hike in this cycle, with the ECB on hold until at least mid-2024," said Frederik Ducrozet, chief economist at Pictet Wealth Management. The post Pause or hike? ECB rate decision on a knife edge appeared first on Daily Tribune......»»
GSIS buys up 12% MPIC stake
State pension fund Government Service Insurance System, or GSIS, has accumulated shares in diversified Metro Pacific Investments Corp,, or MPIC, the flagship company of tycoon Manny V. Pangilinan which is up for bourse delisting. The state financial institution led by veteran investment banker Wick Veloso has amassed the MPI shares the past two weeks, buying a total of 2.5 billion shares from 23 August to 4 September. In a report to the stock market, MPIC said it received a letter from GSIS dated 4 September informing the company that from 23 August to 4 September, GSIS purchased 2,490,509,574 common shares of MPIC. GSIS also mentioned that as a result of these purchases, GSIS now owns 3,438,549,038 common shares which represents approximately 11.98 percent of the total outstanding common shares of MPIC. Strong challenge Analysts said the GSIS move poses a challenge to the MPIC proposal to leave the stock exchange. COL Financial research head April Lynn Tan said that with the purchases, MPIC share owners may not attain its target to acquire 95 percent of the company which is pivotal to the delisting plan. MPIC chairman and chief executive Manuel Pangilinan on Monday expressed hope the consortium would secure enough shares to push through with the plan. “The tender period will expire on 7 September, so let’s wait. We are hopeful that the amount of shares will translate to qualification for delisting,” Pangilinan said. In a social media post, Tan said the delisting option can still pull thorugh. “According to industry peers, there is still a chance that the delisting will push through. Since GSIS now owns 12 percent (more or less) it might not be counted in the public float based on PSE proposed amendments. This means that the tender offer might proceed if over 14.58 percent of share owners tender their shares,” she added. The post GSIS buys up 12% MPIC stake appeared first on Daily Tribune......»»
Higher inflation to restrain stock upswing
There’s not much to expect from the market this week as low volume continues to prevent the bulls from making a strong comeback and with inflation expected to go up again in August or at least a slight uptick from July, analysts said......»»
Analysts predict inflation rate at around 5.0% for August
The country's inflation rate will remain above the government's 2 to 4 percent target band, said private sector economists who slightly upgraded their price-rise forecasts for August. A DAILY TRIBUNE poll of analysts over the weekend yielded a median estimate of 5.0 percent for August inflation, within the 4.8 to 5.6 percent forecast given by the Bangko Sentral ng Pilipinas (BSP) last Thursday. If the August number matches the poll consensus, the median estimate will be higher than the 4.6 percent print in July 2023 but lower than the 5.4 percent inflation rate in June 2023. The Philippine Statistics Authority is expected to release the August inflation data on Tuesday, 5 September. Bank of the Philippine Islands's lead economist Emilio "Jun" Neri Jr. said higher prices of liquefied petroleum gas (LPG), kerosene, diesel and vegetables likely drove the Consumer Price Index much higher month-on-month. "Lower electricity (and) other food items may offset some of this," Neri said in an email to Daily Tribune. Rizal Commercial Banking Corp. chief economist Michael Ricafort said that the country's higher local palay and rice prices are one of the "main catalysts" for the August inflation print due to weather disturbances in most Southeast Asian countries affecting rice exports. He added that the agriculture damages caused by tropical storms in Northern and Central Luzon likewise affected the prices in the country. Ricafort likewise attributed the higher fuel prices and depreciating Philippine Peso against the US Dollar to the slightly higher inflation rate for August. "However, these are offset by mostly softer economic data in China and other countries, as partly weighed by higher inflation that reduced household spending and higher interest rates that led to higher borrowing costs," Ricafort said in a Viber message. Security Bank's senior assistant vice president and chief economist Robert Dan Roces also shared the same insights with other economists, saying that the primary factors contributing to the slight increase in the August inflation print are fuel and food prices. "Although the current diesel pump price is significantly lower than the P75 per liter average recorded in June of the previous year, food and fuel prices remain the main drivers of inflation. Notably, farm gate prices of other food items decreased in August compared to July," Roces said in an email. Despite these factors, Roces said the retailers may either be reluctant to reduce current prices or the price reduction price may be taking some time. Roces also underscored that the current inflation increase is mainly driven by the price of rice, which has recently surged by up to P10 per kilo. "Looking ahead, we still see that inflation will fall into the Bangko Sentral ng Pilipinas (BSP) target range of 2 percent to 4 percent by the fourth quarter of this year, barring sustained spikes in rice and fuel in the remaining months of 2023," Roces said. China Banking Corp. chief economist Domini Velasquez said core inflation is expected to continue its downtrend to around 6.0 percent in August despite the projected higher headline rate. "If realized, we do not expect BSP to react immediately to the expected inflation print with higher policy rates. Shocks for August were largely supply-side but have not, so far, detailed the inflation path toward the target range in (the fourth quarter). We still expect inflation to fall within the BSP's target by November," Velasquez said. The post Analysts predict inflation rate at around 5.0% for August appeared first on Daily Tribune......»»
China hallucinating — University professors
China has “many collective hallucinations.” This was the assessment made by three political analysts and university professors at the weekly News Forum in Quezon City, Saturday. University of Santo Tomas Political Science Department professor Dr. Froilan Calilung said the problem with China is it has “many collective hallucinations.” Calilung seconded the views shared by the University of the Philippines Institute for Maritime Affairs and Law of the Sea, Director Jay Batongbacal, who said China’s latest move is an attempt to manipulate the Philippines through strategies that would be advantageous to Beijing. The two university professors believed that Beijing is attempting to make other “dangerous maneuvers” to test the current administration. "Every time there is a new administration, China is instigating a potential crisis. It is testing what kind of leader we have and what kind of people are surrounding him,” Batongbacal said. On Wednesday, President Ferdinand R. Marcos Jr. said he is repealing any commitment, should there be an existing agreement between the Philippines and China, on the supposed removal of the BRP Sierra Madre from Ayungin Shoal. Political analyst and De La Salle University professor Renato de Castro on the other hand lauded President Marcos for standing firm that the BRP Sierra Madre would not be removed from Ayungin Shoal. “It boils down to the national determination. And I think the President has already implicated we will not abandon the BRP Sierra Madre. That’s the most important thing, the political decision to ensure that we maintain our presence over Ayungin Shoal,” De Castro said. He added that the 5 August incident where the Chinese Coast Guard blocked and used water cannon against the Philippine Coast Guard (PCG) in a resupply mission to Ayungin Shoal, is "part of (China’s) tactic” to pressure the Philippines and create a “crisis situation to put the other side on the defensive.” “The Chinese do not do it on a basis of good faith. They always deal with crises from the position of that faith. The crisis is not meant to resolve. The crisis is meant to put the other side on the defensive, to put pressure on you,” De Castro explained. China’s claim that the Philippines has made a promise to remove the grounded BRP Sierra Madre from Ayungin Shoal is a “lie and gaslighting,” according to Batongbacal. "We don't believe that. We've been hearing that for a long time, but we haven't been able to find anyone with authority who might have said that," Batongbacal said. “Definitely, it’s a lie, it’s gaslighting na tinatawag. Mapapansin niyo, madalas nangyayari iyan. Pinapaduda ka sa sarili mong posisyon by saying things," he added. Larger vessels for resupply mission to Ayungin Shoal For their part, the Philippine Coast Guard (PCG) said they are ready and willing, should the Armed Forces of the Philippines (AFP) request for more vessels that will escort boats for resupply missions to BRP Sierra Madre at the Ayungin Shoal, following China’s water cannon blasting incident last week. “If the Armed Forces of the Philippines would request the Philippine Coast Guard to provide escort, we will deploy vessels that will support the supply mission," PCG spokesperson for the West Philippine Sea Commodore Jay Tarriela said. Tarriela said PCG Commandant Admiral Artemio Abu “is willing to deploy additional vessels to support the resupply mission and if it needs be to deploy a 97-meter vessel that would also be an option.” The PCG is also willing to deploy the offshore patrol vessel, “which is bigger than the 44-meter that we deployed before,” he added. The post China hallucinating — University professors appeared first on Daily Tribune......»»
China faces international criticism after its vessel fired water cannon on Philippine boats
Beijing [China], August 8 (ANI): China is facing international backlash after one of its coast guard vessels used a water cannon against a Philippine boat in the South China Sea on Saturday, CNN reported. Analysts say the incident escalated an already tense situation and could lead the United States and its allies to accelerate plans for joint patrols in the waterway. A smaller Philippine boat was cannon sprayed by a larg.....»»
More fuel price spikes loom— IPPCA
Soaring oil prices is an aberration and will not likely reverse softening inflation for the remainder of the third quarter, according to an industry expert. Fernando Martinez, chairperson of the Independent Philippine Petroleum Companies Association, or IPPCA, said the rather substantial oil price hike implemented on Tuesday was the direct result of production cuts jointly announced by Russia and the Organization of Petroleum Exporting Countries. “The market is highly speculative. An announcement like that (oil production cuts) will surely trigger a reaction like that (price increase),” he said. Martinez also disclosed that another substantial increase in local pump prices is expected by the second week of August. “It (oil price increase) will probably range somewhere between P3 to P4 per liter. But I doubt if further increases will take place after that,” he added. On 1 August, local oil firms raised the prices of diesel by some P3.50 per liter, gasoline by P2.10 per liter and kerosene by P3.25 per liter. Likewise, the price of liquefied petroleum gas increased by P4.55 per kilo. However, Martinez said oil market analysts are predicting that international prices of petroleum will tumble downward later this month, due to lower demand from China, which is the world’s second largest consumer of oil. Confluence of weather, sentiment “The destruction brought about by the typhoon (‘Egay’) and unfavorable investor sentiment are expected to cause a slowdown in China’s demand (for oil),” Martinez said. He also explained that aside from fuel costs, the price of food contributes heavily to the country’s inflation numbers. The post More fuel price spikes loom— IPPCA appeared first on Daily Tribune......»»
Private sector analysts predict inflation rate to dip below 5 percent
Private economists expect the country's inflation rate to ease further for the sixth consecutive month in July from the 5.4 percent inflation rate last June. A Daily Tribune poll of six (6) private sector analysts yielded a median estimate of 4.8 percent for July inflation. The Philippine Statistics Authority (PSA) is expected to unveil inflation data in the first week of August. Economists expect inflation to dip below five percent, marking the first time since April 2022, when the average headline inflation was 4.9 percent. Security Bank chief economist Robert Dan Roces and China Banking Corp. chief economist Domini Velasquez said inflation likely softened to 4.7. In an emailed commentary, Roces elaborated that the deceleration in the consumer price index (CPI) suggests a moderate level of inflation. "The favorable base effects that helped offset the increase in food prices may continue to play a role in keeping inflation in check in the short term," Roces said. For her part, Velasquez said lower utility rates offset higher food and fuel prices. She mentioned that electricity rates in all regions fell substantially from the previous month, especially in Mindanao and Batangas. Velasquez added that a stronger peso in July could have also led to the "muted" monthly inflation rate. ING Bank lead economist Nicolas Mapa, who said that headline inflation averaged 4.8 percent in July, mentioned that Bangko Sentral ng Pilipinas (BSP) would consider the data point alongside the path of inflation against developments such as the recent US Federal Reserve's hike in its subsequent decision. Philippine National Bank economist Alvin Arogo said inflation would likely to 4.9 percent in July amid the month-on-month increase due to the minimum wage hike in Metro Manila and the rise in pump prices due to Dubai crude. Arogo said the favorable base effects will continue to be the main driver for the monthly print of year-on-year price growth to be lower than four percent in the fourth quarter amid the "persistence of second-round effects." Bank of the Philippine Islands (BPI) lead economist June Neri, who said that inflation in July likely eased to 4.9 percent in July, mentioned it would fall within the two to four percent target range of the BSP by the fourth quarter. "Such a print suggests that a sub-four percent monthly print by October or November is possible and increases the chances that the BSP can keep policy rates steady for the balance of 2023," Neri said. Meanwhile, Rizal Commercial Banking Corp. chief economist Michael Ricafort said that the inflation rate for July likely slowed at 5.1 percent as the recent increase in local rice prices would also slow down the easing trend of "disinflation" at the very least. He said that the possible reduction of rice imports by the Philippines would also coincide with the adverse effects of the El Niño drought, especially from the fourth quarter of 2023 to the first quarter of 2024, potentially reducing local rice production. Ricafort added that the weather phenomenon would also lead to some uptick in local rice prices and overall inflation. However, the country's new central bank said it is still too early to declare victory in the battle to curb consumer price pressures as upside pressures on expenses remain high amid downtrend data, the country's new Speaking at a recent banking community event, BSP governor Eli Remolona said the persisting upside risks to inflation indicate the monetary authority remains open to further tightening. The country's core inflation, which primarily excludes food and fuel expenses, hit 7.4 percent in June. Last month's data declined from May's 7.7 percent to April's 7.9 percent. "Nonetheless, it's too soon to declare victory. Core inflation remains high. There are still upside risks to inflation – for example, risks in the form of El Niño and further supply shocks," Remolona said. Remolona stated that the inflation figures will factor into the analysis conducted by the Monetary Board. He added that data will play a crucial role in influencing their policy rate decision. "We will wait and see. We will analyze the data as they arrive, and that analysis will decide monetary policy down the road," the Central Bank chief mentioned. On the sidelines of the same banking event, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said he expects inflation to continue easing in the coming months but warned that there are still risks to the outlook. Balisacan said that the current downward trend in inflation is expected to continue, but some factors could worsen it. These include rising oil prices and the impact of Typhoons Egay and Falcon on agricultural production. "We are still monitoring the situation, but we hope that the impact of the typhoon will not be too serious," Balisacan said. The post Private sector analysts predict inflation rate to dip below 5 percent appeared first on Daily Tribune......»»
Phl cinema in the first year of BBM
Here, we look back at the state of the Philippine film industry since he took the seat of power 13 months ago. When President Marcos Jr. became the 17th leader of the nation, the country was on the brink of the “new normal.” The campaign elections even saw multitudes of crowds in the streets, the Filipinos’ political passion overpowering the fear of a Covid-19 infection. Covid-pandemic viewing By May 2022, the month of the presidential campaigns, the Department of Health said the country was at “minimal-risk case classification” with an average of only 159 cases per day. By June 2022, when the President took his oath, 69.4 million Filipinos had been fully vaccinated. Along with the country, the Philippine film industry started healing. On the same month, the country went under Covid-19 Alert Level 2, with 50-percent allowed capacity in indoor cinemas. Live film festivals The Marcos administration saw the return of Filipino film festivals in theaters. On Marcos’ fifth month as president, the QCinema International Film Festival, with the theme “in10City,” held hybdrid screenings — in-person and online. The Metro Manila Film Festival in December 2022, six months into the new presidency, went full force in cinemas for the second time during the pandemic. Earlier, in 2020, during the Duterte administration, the festival was held online for the first time, and the following year, in December 2021, after level alert measures in the Philippines were relaxed, the MMFF finally went back to the cinemas. However, only around 300 cinemas (down from the usual 900) were allowed to screen the MMFF entries. Meanwhile, the 18th edition of the Cinemalaya Philippine Independent Film Festival was held from 5 August to 31 October 2022 at the Cultural Center of the Philippines, in select mall cinemas and online. But what made a mark during the Marcos administration’s first year was the inaugural edition of the 2023 Summer Metro Manila Film Festival. The SMMFF was held in Metro Manila and throughout the Philippines. Organized by the Metropolitan Manila Development Authority in partnership with the Cinema Exhibitors Association of the Philippines, the first MMFF was supposed to be held in 2020, but was canceled due to the Covid-19 pandemic. In 2023, held from 8 to 18 April 2023 with the theme “Tuloy-tuloy ang Saya,” the summer festival featured eight entries and, like its December counterpart, even held a Parade of Stars. About Us But Not About Us by Jun Lana, produced by The IdeaFirst Company, Octobertrain Films and Quantum Films, emerged as the first Best Picture of the summer festival. [caption id="attachment_161372" align="aligncenter" width="1200"] About Us But Not About Us by Jun Lana[/caption] The Film Development Council of the Philippines’ sixth edition of its own mini-film festival, held during the Marcos administration’s third month, headed back to cinemas, offering free access to award-winning classic films of the new National Artists for Film and Broadcast Arts at TriNoma Cinema in Quezon City and in all Cinematheque centers nationwide (Manila, Iloilo, Negros, Davao and Nabunturan). CCP closes for renovations On 1 September 2022, CCP president Margarita Moran-Floirendo announced during a hearing of the Senate committee on cultural communities, that The Cultural Center of the Philippines — home to the Cinemalaya festival — will close its doors starting January 2023 for renovation and structural retrofitting works, and will reopen in March 2025. This marks the first time that Cinemalaya, on its 19th year, which has the theme “ilumiNasyon,” will be held at various venues inside the adjacent Philippine International Convention Center, from 4 to 13 August 2023. The rise of political films With the country deeply driven by polarized political views, the Marcos administration saw a war between political commercial films. [caption id="attachment_161370" align="aligncenter" width="1800"] ‘MAID in Malacanang’ stars Cristine Reyes, Diego Loyzaga and Ella Cruz. | Photograph courtesy of viva[/caption] On 29 July 2022, Darryl Yap’s period drama Maid in Malacañang, touted as “the most controversial film of the year,” was released to packed cinemas. The movie, about the Marcos family’s last three days in Malacañang Palace before they were forced into exile, premiered at SM North EDSA and was released nationwide on 3 August 2022. Yap, who passionately campaigned for Marcos, became a controversial filmmaker with the release of his Marcos film. Leni Robredo supporters tried to boycott the film, with some Filipino movie critics exposing themselves as heavily political and non-neutral with their reviews, accusing the film of propaganda and historical revisionism. The attempt to quash the movie’s release failed and it became a box-office hit, with producer Viva Films releasing a statement that it earned a whopping P21 million on its opening day and P63 million three days after its release. It was the first time in Philippine cinema history that local theaters nationwide saw a deluge of moviegoers lining up to watch a movie on the big screen, mostly driven by political affiliation. Another unsuccessful political attempt to diminish the film’s release was Vince Tañada’s re-release of his Martial Law film Katips to counter Maid in Malacañang. Tañada’s film eventually won Best Picture at the Famas Awards. MIM actress Ella Cruz’s remark during a press conference, that “history is like tsismis,” further fanned the flames of political debate online. Eight months later, in March 2022, Viva released Yap’s second installment in his Marcos trilogy, Martyr or Murderer, which now focused on Ferdinand Marcos and the assassination of Ninoy Aquino. Two anti-Marcos movies rose to combat the film — Joel Lamangan’s Oras de Peligro, released on the same day, and Tañada’s movie adaptation of his musical play Ako Si Ninoy, released one week earlier. Movie buffs, political analysts, film critics, the press and social media influencers dove into feverish commentaries on the three films, and Philippine cinemas were ignited and, for a while, became alive with social discourse. New FDCP head On 21 July 2022, Tirso S. Cruz III officially assumed his position as the head of the country’s national film agency, the Film Development Council of the Philippines. He replaced Liza Diño, who was appointed by President Rodrigo Duterte as FDCP chairperson on 12 August 2016. [caption id="attachment_161368" align="aligncenter" width="736"] FDCP chair Tirso Cruz III. | PHOTOGRAPH COURTESY OF FDCP[/caption] Cruz, a veteran actor, said that the target of the FDCP under the Marcos administration was to support local films, not just in Metro Manila, but also from regional filmmakers. He also professed support for film students and highlighted archiving as part of the FDCP’s agenda, with 42,000 materials in its archives to be salvaged. MTRCB In September 2022, the Movie and Television Review and Classification Board released a statement addressing the controversy about its proposal to expand its jurisdiction to online streaming services like Netflix, Vivamax, Amazon Prime and other streaming platforms. The MTRCB said it was responding to multitudes of complaints from parents and other concerned groups demanding that the agency regulate movie and TV online platforms to protect children from harmful viewing. The Marcos administration has seen a continuous boom in streamers, which began during the pandemic, with Vivamax becoming one of the leading local streamers due to the popularity of Filipino sexploitation films. On 23 February 2023, MTRCB chairperson Lala Sotto-Antonio expressed her gratitude to Senators Francis “Tol” Tolentino, Grace Poe and Sherwin Gatchalian for the separate bills they filed that would amend and expand the board’s mandate. “We welcome the move to amend the charter of the MTRCB as it will allow the agency to adequately adapt to changes in technology and the ever-evolving needs of the viewing public and our other stakeholders,” Sotto-Antonio said before the Senate Committee on Public Information and Mass Media chaired by Senator Robinhood C. Padilla. Eddie Garcia Act In January 2023, the chamber passed through voice voting House Bill 1270, or the proposed Eddie Garcia Act, at the House plenary session. [caption id="attachment_161367" align="aligncenter" width="1000"] HOUSE Bill 1270 has been proposed in honor of the late actor Eddie Garcia. | Photograph courtesy of gma-7[/caption] Camarines Sur Rep. Luis Raymund Villafuerte authored the bill, which aims to provide workers in the movie, television and radio entertainment industry opportunities for well-paid employment and protect them from economic exploitation, abuse and harassment, as well as hazardous working conditions. The bill was named after the late veteran actor Eddie Garcia, who died in 2019 after suffering a neck injury while shooting the television series Rosang Agimat, produced by GMA Network. According to Villafuerte, productions would go from 16 to 24 continuous work hours per set and would rush productions to save costs. The proposed law mandates that normal work hours of the worker or talent shall be eight hours a day; overtime work should not exceed more than 12 hours in a 24-hour period; and the total number of work hours shall not exceed 60 hours in a week. Paul Soriano Relatively unknown to most Pinoy moviegoers, filmmaker Paul Soriano was put on the limelight as the man behind the President’s advertisements — way back from campaigns since Marcos started out as vice governor, and then, governor of Ilocos Norte, up until his senatorial campaign, and eventually his campaign for the vice presidency and presidency. [caption id="attachment_161371" align="aligncenter" width="781"] PRESIDENTIAL Adviser on Creative Communications Paul Soriano. | PHOTOGRAPH COURTESY OF ig/PAUL SORIANO[/caption] Of course, the opposition in the film industry predictably canceled Soriano, the blood nephew of First Lady Liza Cacho Araneta-Marcos. Dolly de Leon It was also during the BBM era that Filipina actress Dolly de Leon gained international fame for her performance in the 2022 Cannes Palme d’Or winner Triangle of Sadness. [caption id="attachment_161366" align="aligncenter" width="705"] Dolly de Leon gained international fame for her performance in the 2022 Cannes Palme d’Or winner ‘Triangle of Sadness.’ | Photograph courtesy ofig/dolly de leon[/caption] The 54-year old film, television and theater actress made history by becoming the first Filipino actor to be nominated at the British Academy Film Awards and Golden Globe Awards. Filipino movie fans and critics, having been exposed to global content since the rise of the streamers, plus the proliferation of self-published movie reviews, are generally still disappointed with the output and system of the Philippine film industry, but filled with hope that, with full support from the government, Philippine cinema will finally become truly internationally competitive, sustainable and recognized. The post Phl cinema in the first year of BBM appeared first on Daily Tribune......»»
‘Vigilance is key’: Al Shabaab threat rising in Kenya’s northeast
In Kenya's rural northeast, roadside bombs and beheadings that killed two dozen people last month appear to be part of a troubling escalation of violence by Al-Qaeda-linked Islamists, analysts say. A regional economic powerhouse and a popular tourist draw, Kenya has not suffered a high-profile jihadist attack since 2019, when 21 people lost their lives at a hotel and surrounding offices in Nairobi. The recent attacks have been small-scale and focused on minor targets, but have raised fears that Al-Shabaab jihadists, who have been blamed for the assaults, are turning their attention to Kenya as they suffer losses in their native Somalia. Estimated to have between 7,000 and 12,000 fighters, Al-Shabaab has in recent months faced a multi-pronged counterterrorism offensive by the Somali National Army and US-trained "lightning" commandos supported by clan militias known as "macawisley". The militants, who have waged war against the fragile government in Mogadishu for over 15 years, have recently carried out several attacks along Kenya's long and porous frontier with Somalia. Twenty-four people, including 15 security officers, were killed in six separate attacks last month alone. In one of the most grisly assaults claimed by the group, about 30 militants descended on two sparsely-populated villages in Kenya's coastal Lamu county on June 24 and killed five civilians, beheading some of them. One resident, Hassan Abdul, said that "women were locked in the houses and the men ordered out, where they were tied with ropes and butchered". The remote forested mainland is not normally a stopover for tourists visiting the nearby popular Indian Ocean island of Lamu, but the gruesome killings are a signal to Kenya, analysts say. The attacks are a way for "Al-Shabaab to say that despite being under pressure, they still have the firepower and are a force to be reckoned with," said Nicolas Delaunay, International Crisis Group director for East and Southern Africa. "It could also be a way of warning Kenya who has pledged to participate in the Somali government's offensive against the Al-Shabaab," he told AFP. Risk of regional spillover Kenya is no stranger to the long-running Islamist insurgency in Somalia and has been repeatedly targeted by Al-Shabaab since it sent troops into the country in 2011 as part of an African Union force. The militants appear to have been emboldened by the changes in Kenya's security leadership following the election of President William Ruto last August, said Roland Marchal, an Africa specialist at Sciences Po university in Paris. "There is relative disorganisation at the border," Marchal said, adding that Al-Shabaab was seizing the chance to take "revenge" against Kenya for deploying troops in rural central and southern Somalia where the militants remain entrenched. The violence has also threatened to spill into Ethiopia, as the militants try to make their presence felt in Africa's second most populous country. Addis Ababa said last month that it had foiled an attack by the jihadists in the border town of Dollo. Al-Shabaab fighters were chased out of Mogadishu in 2011 by an African Union mission which has been in Somalia since 2007. The militants have also lost some ground in the countryside after Somalia's President Hassan Sheikh Mohamud last year launched an "all-out war" against the group, describing the jihadists as "bedbugs". But while the gains of the Somali offensive have been significant, the "situation still remains very fragile," African Union Commission chair Moussa Faki Mahamat warned last weekend. Hassan Khannenje, director of The Horn International Institute for Strategic Studies in Nairobi, told AFP that Al-Shabaab was "on the back foot in Somalia". "There is a desire on their part to demonstrate continued relevance and resilience." 'Manifestation of desperation' A US official last month told AFP the recent cross-border attacks by Al-Shabaab were a "manifestation of desperation". But Kenya is taking no chances. A string of major attacks on the Westgate shopping centre in 2013, Garissa University two years later, and the Dusit hotel complex in 2019 left hundreds of Kenyans and foreigners dead. The East African nation earlier this month said it was delaying the planned reopening of its long-closed border with Somalia over the deadly attacks. The phased reopening would not go ahead as announced "until we conclusively deal with the recent spate of terror attacks and cross-border crime," Interior Minister Kithure Kindiki said. Analyst Khannenje said the wave of attacks "should serve as a warning" to Kenya. The post ‘Vigilance is key’: Al Shabaab threat rising in Kenya’s northeast appeared first on Daily Tribune......»»
Policy rate hike possible by Aug
BSP could match any Fed rate decision to maintain healthy interest rate differentials to support the stability of the peso exchange rate, import prices and overall inflation Economists see a possibility the Bangko Sentral ng Pilipinas or BSP will increase rates next month to match a US Federal Reserve’s move to maintain a healthy currency exchange rate and rein in inflation. Dan Roces, chief economist at Security Bank, forecasted an increase of 25 basis points or bps which would bring the current guidance to 6.5 percent. “This may likely occur in August at 25 bps, following an anticipated similar-sized hike by the US Federal Reserve on 26 July,” Roces told the Daily Tribune last Friday. “BSP could match any Fed rate decision to maintain healthy interest rate differentials to support the stability of the peso exchange rate, import prices, and overall inflation,” Michael Ricafort, chief economist of Rizal Commercial Banking Corp., added. Effect on peso stength A higher BSP rate tends to strengthen the peso value against the dollar, making prices of imported goods and services cheaper while discouraging some consumers from borrowing from banks. BSP aims to bring down inflation further from the latest figure of 5.4 percent in June to 2 percent to 4 percent this year. Meanwhile, Roces said the likely higher BSP rate should impact Philippine banks only minimally and enable them to still fulfill their loan, deposit and savings obligations to customers. “The Philippines is in a good position to withstand another rate hike though, with a well-capitalized and liquid banking system and robust private consumption.” Roces said the inflation rate might accelerate again as businesses increase prices to meet even stronger consumer demand for goods and services to be likely driven by higher salaries. “Considering the June inflation print, wage and fare hikes, and the upside risks to the inflation outlook especially in the core, the data suggests that the BSP may consider further policy rate adjustments.” The Regional Tripartite Wages and Productivity Board in the National Capital Region last month approved an additional P40 to the minimum daily wage of workers in this area which will be effective starting 16 July. This came also amid a downtrend in the unemployment rate in the country. Employment situation improves Jobless rate further improved to 4.3 percent in May from 4.5 percent in April, according to the Philippine Statistics Authority. It was the second lowest jobless rate since April 2005. Considering the June inflation print, wage and fare hikes, and the upside risks to the inflation outlook especially in the core, the data suggests that the BSP may consider further policy rate adjustments. Similarly, the US had 497,000 more workers in the private sector last month which was double the forecast among market analysts. Global analysts said this tempts the Federal Reserve to resume raising its rate on 26 July to prevent inflation from rising again as an effect of higher consumer demand for goods and services. The local economists said BSP would consider this and the other aforementioned factors in deciding its own rate on 17 August. The post Policy rate hike possible by Aug appeared first on Daily Tribune......»»
Key events in the war in Ukraine
From the Russian invasion of Ukraine on 24 February last year to the armed rebellion Saturday of the pro-Kremlin Wagner paramilitary group, here is a timeline of the main events. The biggest attack on a European country since World War II has killed or wounded over 150,000 people, according to Western estimates. February 2022: invasion Russian President Vladimir Putin announces a "special military operation" in Ukraine on 24 February, saying he wants to demilitarise and "de-Nazify" the country as well as protect the predominantly Russian-speaking east from "genocide". A full-scale invasion starts, with missile strikes on several Ukrainian cities that sparks a refugee crisis. Ukrainian President Volodymyr Zelensky stays in the capital Kyiv to lead the resistance. The West imposes unprecedented sanctions on Russia and the European Union and United States send Ukraine weapons and aid. March: Russian advances Russian forces make gains in the south, seizing the city of Kherson, close to the Moscow-annexed Crimea peninsula. Russian forces also attempt to surround Kyiv and take Ukraine's second city of Kharkiv in the northeast but meet fierce resistance. A month into the fighting, Russia withdraws from the north to focus on the eastern industrial Donbas region, partly held by Moscow-backed separatists, along with the south. April: war crimes revealed In early April, AFP discovers the bodies of at least 20 civilians lying on a single street in the Kyiv suburb of Bucha -- the first of several grisly discoveries in towns that Russian forces had occupied which spark an international outcry and war crimes investigations. May: Mariupol falls On 21 May, Russia announces the fall of the southeastern port city of Mariupol, which had been relentlessly bombed, after the last Ukrainian troops holding out at a steelworks surrender. Sweden and Finland request membership of NATO, fearing they could be future targets of Russian aggression. June: Donbas battle rages In June, Russia takes the Donbas city of Severodonetsk after one of the bloodiest battles of the war, followed soon after by the neighbouring city of Lysychansk. July: gas supplies cut On 22 July, Kyiv and Moscow sign a deal to resume grain exports from Ukraine, in a bid to relieve a food crisis aggravated by Russia's blockade of the country's ports. Russian gas giant Gazprom slashes its supply to Europe through the Nord Stream pipeline, fuelling fears of gas shortages in Europe. August: battle for Bakhmut Kyiv launches a major offensive to retake Kherson as a bitter battle begins for the eastern town of Bakhmut, spearheaded on the Russian side by the Wagner mercenary group. Wagner claims to have wrested total control of Bakhmut in May. September: annexation Ukraine retakes hundreds of towns and villages in a lightning counter-offensive around Kharkiv. Putin launches a partial draft of 300,000 reservists, sparking an exodus of young Russian men of military age. On 30 September, he formally annexes the Ukrainian regions of Lugansk, Donetsk, Kherson and Zaporizhzhia. October: power supply hit On 8 October, an explosion causes major damage to a bridge linking Crimea to the Russian mainland -- a symbol of Moscow's annexation of the peninsula. Putin blames Ukrainian secret services for the attack. Russian forces retaliate with a barrage of strikes on energy infrastructure in Kyiv and other cities, leaving millions without power in what becomes its new modus operandi throughout the winter. November: retreat from Kherson On 9 November, Moscow orders its troops to retreat from Kherson in the face of advancing Ukrainian forces, marking a stunning defeat in one of the regions it annexed. Jubilant residents hail Ukrainian forces as liberators. December: Zelensky goes to Washington On 22 December, Zelensky visits Washington on his first overseas trip since the war began. He meets President Joe Biden and addresses Congress. January 2023: tanks on the way Russia suffers its biggest single loss of life since the invasion in a Ukrainian attack on a temporary base in the eastern town of Makiivka on 1 January. Moscow says 89 soldiers were killed in the hit. On 25 January, Germany finally agrees to send Ukraine some of its powerful Leopard tanks. The United States follows, announcing that it will provide 31 Abrams tanks. On 19 May, Biden authorises the delivery of F-16 fighter jets to Kyiv. In April, Ukraine also receives anti-missile Patriot defence systems from Washington. 6 June: dam destroyed A blast at the Kakhovka dam in Russian-annexed Crimea inundates vast areas of the Kherson region, forcing thousands to flee and sparking fears of an environmental disaster. Kyiv accuses Moscow of blowing up the dam on the Dnipro River, while Russia blames Ukraine. June: Ukraine counter-offensive A long-awaited Ukrainian counter-offensive begins, aided by the supply of Western arms, according to analysts. Russia brands it a failure but Kyiv says it has retaken several areas. 24 June: Wagner rebellion Wagner chief Yevgeny Prigozhin, leading a mutiny to bring down Moscow's top brass, says his fighters have captured the army HQ in Russia's Rostov-on-Don "without firing a single shot" and claims to have the support of locals. Putin warns that treason against his rule threatens Russia with civil war and accuses the Wagner boss of a "stab in the back". The post Key events in the war in Ukraine appeared first on Daily Tribune......»»
Behind the Scenes: The Heroes of ABS-CBN Sports
While the general public sees or hears the finished product on-air or online, most do not witness or appreciate those who worked tirelessly behind the scenes at ABS-CBN Sports. There’s an African proverb that says it takes a village to raise a child. Well, it took almost exactly that to make ABS-CBN Sports work. As we commemorate National Heroes Day in the country on the final day of ABS-CBN Sports, it is only fitting to acknowledge and thank those behind-the-scenes heroes who have been part of the amazing journey (DISCLAIMER: I may have left out some names, but it is purely unintentional so my apologies). Thank you, first and foremost, to our Chairman Emeritus Gabby Lopez, whose passion and love for sports led to the initiative that is ABS-CBN Sports. Thank you to our former President and CEO, Charo Santos-Concio, our current President and CEO, Carlo Katigbak, a true tennis fan, and our Chairman Mark Lopez, who showed us composure, class and grace as leaders. Thank you to our beloved COO, Cory Vidanes, who allowed ABS-CBN Sports to reach a broader audience when it aired special events on Channel 2 as well as feature athletes and sports personalities on entertainment programs. Thank you to the voice of ABS-CBN and former ABS-CBN Sports head, Peter Musngi, for leading the division during its early years. Thank you to Narrowcast head, Antonio “March” Ventosa, as well as his executive assistant, Trina Magallanes, for helping us navigate during the transtition period of ABS-CBN Sports. Thank you to the captain of our ship, ABS-CBN Integrated Sports head, Dino Laurena, who inspired us to work harder and better to serve our audience. Thank you to Sir Dino’s gatekeeper, his executive assistant, Donna Seat, who was our bridge whenever we needed to reach out to the boss. Thank you to S+A channel head and production head, Vince Rodriguez, LIGA channel head, Jojo Neri-Estacio and Business Unit Head, Jun Martinez. They were our constant guides who enabled us to provide quality content on broadcast despite immense internal and external pressure. Thank you to the people who made sure we never went beyond our budget and reached our targets – our Finance team made up of Berg Capiz, Jem Castro and Lorna Gendrano. Thank you to our S+A On-Air team of Rommel Noviza, Janice Rulloda, Princess Basye, Biboy Diga, Mark Marinay, Arnold Saclolo, Borge Raval and Hans Espiritu as well as our Liga Channel team of Anna Santos, Francis Patawaran, Aprille Signo and Joramie Roque, for ensuring everything airs on time. Thank you to our Digital Head, Mico Halili, for his innovative and fresh ideas on the digitial space. Thank you to the men and women who made our broadcast coverage as close to flawless – our Production Manager, Jennifer Jimenez, our directors, which include THE Abet Ramos, Al Neri, Raul de Ocampo and Rommel Pedrealba, and our technical directors made up of Elmond Salvahan, Jhonnald Garcia, Marvin Chavez, Bingbong Pangan, Arnold Bulaong and Joseph Vega. Thank you to the men and women who made sure our partner properties were happy with our coverage, and that everything was in place for each and every game or show we put out there – our Executive and Associate Producers Vic Caridad, Malou Neri, Ada Bayuga, Diana Sayson, Oxy del Rosario, Mae Mañalac, Aries Galot, Apples Dela Vega, Kristina Manzana, Roy Briones, Ledz Cahinhinan, JC Gonzales, Gab Gonzales and Manny Gabutina. Thank you to those who crafted and produced memorable segments – our segment producers Eva Evangelista, Carlo Grajo, Cha Lucero, Mark Morados, Jeff Sta. Maria, Jet Montebon, Sharon Muli, Alex Brocoy, Mika Barrios, Bill Barrinuevo and Volta delos Santos as well as our video editors Pido Cruz and Fonz Fajatin. Thank you to those who put the right words into play – our writers Monica Magpantay, Paul Loyola, Jigs Guardiano, Adrian Dy, Sheiden Dela Cruz, Ken Natividad, Syjin Reyes and Migs Gomez. Thank you to those who gave the right cues to our anchors, analysts and courtside reporters – our panel director Larry "Care Mo Naman" Deang, our floor directors Miky "Gandara" Mirabueno, Lyanne Ocampo-Tan and Fritz Dizon. Thank you to the people who made sure that the right moments were captured – our Camera Control Unit made up of George Austria, Joel Supremo and Edgar Guarte, our Cameramen Lloyd Villamor, Rovic Pacis, Gerald "Superman" Fermin, Ron Fermin, Ronald Mangcoy, Michael Pico, Emman Andes, Butch Pineda and Mark Nicolas. Thank you to those who made sure we heard the sounds and voices loud and clear – our audio engineers Elias Javier, Ramil Ciruano, Albert Agbay, Jancel Abobo as well as our audiomen Joseph Nicolas and Ameng Atienza. Thank you to the guys who allowed us to get another look at the action – our EVS/Slomo Operators Joejay Abarquez, Raymond Biojon and Dido Batallion and VTR men Christian Abarquez, Kenneth Abarquez and Oliver Sañez. Thank you to the people responsible for making things more visible on our screens –our Electrician/Lighting Directors Alvin Saavedra and Jorge Paraon and our lightman Calvin Liong. Thank you to those who create those cool graphics and effects that catch our attention during games and shows - our Graphic Artists/Operators Jam Memdoza, Denice Ylagan, Erol Corpuz, Sara Concepcion, Jeff Jugueta and Kevin Camero. Thank you to the team who put the little things in order – our set-up assistants Jerald Testor, Ivan Castillo, Ferdie Mangaong, Remus Taniengra, Daniel Dimaculangan, Eduardo Dacumos, Ryan Ancheta, Allan Porsioncula, Laurence Sosa, Illac Alvarez, Benjo Asiatico, Manny Cajayon, Lepoldo Bofill, Victor Taniegra, Caleb Bautista, Jeremiah Mallari and Bennett Cabus. Thank you to the guys who provided the correct statistics and graphics – our panel scorers/GFX feeders Rico Bayuga, Ronaldo Serrano, Arvin Estabillo and Gilbert Serrano. Thank you to those who made our on-cam talents look good – our makeup artists Mylyn Concepcion, Nina Concepcion, Estrella Besabe, Norma Calubaquib and Nizel Reduta and our stylist Lyle Foz. Thank you to those who were always ready to lend a helping hand – our production assistants, Lian Salango, Pau Hiwatig, Helen Trinidad, Riri Gayoma, Jade Asuncion and Lovely Dela Cruz. Thank you for the imagination and artistry of our Creative Communications Management (CCM) team composed of Elirose Borja, Jerome Clavio, Djoanna San Jose, Lara Mae Allardo, Robin Lorete, Cristy Linga, Christopher Eli Sabat, Archimedes Asis (the voice of S+A), Jan Dormyl Espinosa, Aila Onagan and Nyro Mendoza. They say that advertising is the lifeblood of media and that we wouldn’t be able to deliver high-quality content if not for advertisers brought in our by our Sports Sales team, so thank you to our Sports Sales Heads Jojo Garcia, Nicole Moro and Ken Ti, along with our account executives Tin Saw, Annalyn Herrera, Trina Vallarta, Joey Tang, Karlo Miguel, Paul Sembrana, Mike Tan, Ray Del Castillo, and Jason Gaffud. Thank you to those who constantly pitched ideas and presented to clients on our behalf, our Business Development Executive, Tonyo Silva, and our Sports Marketing team made up of Thirdy Aquino, Maui Tang, Jason Roberto, Danica Jose, Lala Cruz and Hanz Trajano. Thank you to the people who looked out for the wellfare and concerns of our division members – our Human Resources squad made up of Arvin Crisol, James Lee, Anika Gregorio and Donna Yabut. Social media has been a game changer and enabled people to relive key moments in sports events, so thank you to our social media team made up of Jon Rodriguez, Alvin Laqui, Danine Cruz, Aia del Mundo, Melvin Rodas, Clev Mayuga, Migs Flores and Lloydie Moreno. We would also like to give special thanks to our former bosses and colleagues who have moved on from this world, Rolly V. Cruz, Danilo A. Bernardo, George G. Padolina, Marco Franco, Gerald Gicana, Rhodora "Dhanda" Panganiban, Vernie Calimlim and Erwin Evangelista. Lastly, I personally want to thank the website content team made up of sub-section editors Santino Honasan, Mark “Mr. Volleyball” Escarlote, Norman Benjamin Lee Riego (Yes, it has to be his complete name) and Paul Lintag, former sub-section editor Milan Ordonez, former writer Philip Matel, videographers Nigel Velasquez, Rocio Avelino and Steph Toben, photographers Arvin Lim, Richard Esguerra and Joshua Albelda, former NBA Philippines website managing editor Adrian Dy, contributing writers Anton Roxas, Marco Benitez, “Doc Volleyball” AJ Pareja, Migs Bustos, Mikee “Diliman Legend” Reyes and Ceej Tantengco. While our journey in telling these stories with ABS-CBN Sports will abruptly come to a halt, it has been an honor and a pleasure serving the Filipino sports fans worldwide. We may no longer be around as an organization, but the great athletes will keep playing and inspiring and the games will continue. And so, with a sense of immense gratitude, we say: Maraming Salamat Kapamilya! Hanggang sa muli! --- Lorenzo Z. Manguiat has been the Editor-in-Chief of sports.abs-cbn.com since 2014 and Sports News Desk Head since 2015. He started as game writer for ABS-CBN Sports in 2000 and served in various other capacities within ABS-CBN. He is among the thousands of employees who will be retrenched on August 31, 2020. .....»»
ULAT AT MUNGKAHI Ukol sa Pambansang Ekonomiya at Mensahe Para Sa Pamumuno at Pagkakaisa
(Official transcript of Vice President Leni Robredo’s Report and Suggestions 24 August 2020. Translation to English included here) Nitong mga nakaraang linggo, nakasama natin sa ilang pagpupulong ang mga researchers, analysts, propesor, at iba pang eksperto sa ekonomiya. Gaya ng napakarami sa atin, nababahala din sila. Humaharap ako sa inyo ngayon para ibahagi ang kanilang […].....»»