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Meralco taps US firm to study nuclear energy
The Manila Electric Co plans to sign a collaboration agreement with US-based Ultra Safe Nuclear Corp.during President Marcos’ upcoming visit for the Asia Pacific Economic Cooperation leaders meeting in San Francisco......»»
DOLE, CHR reach agreement to safeguard workers’ rights
The Department of Labor and Employment partnered with the Commission on Human Rights to facilitate the investigation of violations of workers’ freedom of association and right to organize. DOLE Secretary Bienvenido E. Laguesma and CHR Chairperson Richard P. Palpal-Latoc signed a Memorandum of Agreement at the CHR Central Office in Diliman, Quezon City on 20 October which directs both agencies to cooperate on cases referrals, investigations, and monitoring; witness protection and psychosocial support; labor education and human rights promotion; and policy development. Laguesma said that the DOLE-CHR collaboration is vital in addressing the labor issues raised during the International Labor Organization High-Level Tripartite Mission visit in January 2023. “This collaboration underscores the need for our sustained partnership, ensuring that the principles of both labor and human rights are consistently upheld in every initiative and policy we undertake. We need the support of the labor groups and the employer sector as well as the ILO so that our common goal of ensuring that the Conventions, especially Conventions 87 and 98, will be respected,” Laguesma said. Following the MOA signing, a streamlined case referral mechanism will be promptly established. The DOLE’s Bureau of Labor Relations and CHR Protection cluster will be responsible for correspondence and referrals. The CHR will promptly inform DOLE upon receiving reports or complaints about alleged violations of labor rights. Afterward, DOLE will verify the reports, conduct case build-up, and gather evidence. To ensure the effective implementation of MOA, DOLE, and CHR will employ monitoring and feedback mechanisms. The mechanisms will assess the level of implementation guidelines, policies, and programs, measure progress, and identify challenges. The post DOLE, CHR reach agreement to safeguard workers’ rights appeared first on Daily Tribune......»»
PNP, Comelec sharing polls data
The Philippine National Police sealed a data sharing agreement, or DSA, with the Commission on Elections to ensure the integrity and transparency of the upcoming Barangay and Sangguniang Kabataan Elections, or BSKE, on 30 October. In accordance with the provisions of Republic Act 10173, the agreement grants Comelec access to the PNP’s Election Monitoring Systems andsub-systems. The Data Sharing Agreement outlines specific areas of collaboration aimed at bolstering the electoral process. Key components include access to the PNP Personnel Deployment, Surrendered Firearms, Voting Center Assistance, Election Status, Candidates, Partylists, Voting Center, Treasurer’s Office, Unlawful Election Materials, Gun Ban Details, Violations thereof, and other critical data related to the elections. Additionally, the agreement allows access to various sub-systems within the PNP Election Monitoring System, including geo-tagging for vote-buying, a separate sub-system forvote-buying, and another for Task Force Kontra Fake News, following the Comelec’s specifications. By working together, the PNP and the Comelec can take better and more appropriate steps to ensure safe, fair, and orderly elections. “We will make a difference in ensuring that the upcoming Barangay and Sangguniang Kabataan Elections of 2023 serve as a shining example of democracy in action,” PNP Chief Gen. Benjamin Acorda Jr. said in a statement at the signing ceremony on Monday. The post PNP, Comelec sharing polls data appeared first on Daily Tribune......»»
More protection for GCash users
Digital money transfers are now an integral part of daily transactions. However, scammers, fraudsters and cybercriminals have devised various strategies to take advantage of users and exploit the cashless economy. In addition to utilizing topnotch cybersecurity systems, the Philippines’ number-one finance super app, GCash, has added another layer of protection with the introduction of “Send Money Protect” on its in-app feature, GInsure. SMP provides users confidence and peace of mind when sending money digitally for as little as P30 per month. SMP provides users comprehensive protection from the most common scams such as online shopping fraud, account takeovers and social engineering, for transactions done via “Express Send” in the app. SMP, offered in partnership with Chubb, the world’s largest publicly traded property and casualty insurance company, can easily be availed once every 30 days. Studies show that 45 percent of Filipino adults have been targeted by scams, with 11 percent falling victim to such activities. This has led to uncertainties toward digital payment methods among some users, hampering milestones already achieved in financial inclusion. “We at GCash believe in building partnerships that amplify the value we provide to our users. That's why we've teamed up with Chubb, a global insurance leader and our partner in consumer protection, to bring you an added layer of protection. This collaboration ensures that you have added financial protection from the unexpected when transacting online, giving you the confidence that your hard-earned money is in safe hands,” said GCash vice president for New Businesses Winsley Bangit. Chubb Philippines’ country president Mari Rachelle Canta also emphasized that, “Our partnership with GCash further strengthens our mission to serve millions of customers by providing a safety net through embedding insurance in everyday transactions. Now, GCash users have enhanced protection from cybercrimes with ‘Send Money Protect.’” The partnership between GCash and its consumer insurance partner Chubb was solidified through a memorandum of agreement signing on 13 September 2023. Signatories from Gcash included VP for New Businesses Winsley Bangit and GInsure head Joseph Nino Young, while those from Chubb in the Philippines included country president Mari Rachelle Canta and VP and head of Consumer Lines Maurice Hilario. While the feature is currently in its beta version and available exclusively to GCash and Chubb employees for now, GCash has announced that it will be fully rolled out by 13 November 2023, promising a safer, worry-free online transaction experience for all. The post More protection for GCash users appeared first on Daily Tribune......»»
SM advances P131M for Bacolod’s super city redevelopment
SM Prime Holdings, Inc. yesterday turned over Php131.89 million to Bacolod City Mayor Albee B. Benitez for the redevelopment of the iconic Manokan Country, signaling the start of its transformation into a future-ready tourist destination that honors Ilonggo food culture and tradition. The amount turned over by SM Supermalls President Steven Tan to Mayor Benitez represents seven years of advance rental payments for Manokan Country, under the 40-year lease agreement with the city at an annual rental fee of Php21.26 million, subject to a 5% escalation rate every three years. SM Prime, one of Asia’s leading real estate developers, will redevelop the Manokan Country into a tech-ready, more spacious food hall, with a kitchen that will assure customers of the sanitary preparations and quality cooking of the Chicken Inasal and options for airconditioned spaces for more comfortable dining. “We treasure the relationship we have built with the community of Bacolod City and we remain committed to further enhancing their shopping and dining experience, particularly at their well-loved Manokan Country,” Lim said. “The design of the new Manokan was greatly influenced by our passion to provide customers, including our Chicken Inasal entrepreneurs, with a world-class facility they can be really proud of.” Lim explained that the modernization of Manokan Country is essential to cater to the evolving needs and expectations of both locals and tourists. “Upgrading the infrastructure and facilities within Manokan Country will not only enhance the overall dining experience but also improve safety, hygiene standards, and operational efficiency that customers are prioritizing nowadays,” he added. By modernizing Manokan Country, SM Prime, and the city government aim to create a more appealing and comfortable environment for visitors, ensuring a positive impression of Bacolod City. Upgraded facilities, such as modern seating arrangements, proper ventilation, improved sanitation systems, and expanded parking spaces will contribute to a more enjoyable dining experience. Modernization efforts also include incorporating technology-driven solutions, such as digital payment methods, online ordering platforms, and efficient waste management systems. These advancements will streamline operations, provide convenience to customers, and promote sustainability practices. “Furthermore, the modernization of Manokan Country will support the local economy by attracting more visitors and generating increased revenue for the vendors and surrounding businesses,” Lim said. “This development project aligns with the vision of Bacolod City as a progressive and forward-thinking destination that excels in providing exceptional experiences to its residents and guests.” “Through collaboration and investment, we firmly believe that the modernization of Manokan Country will elevate the overall dining scene in Bacolod City, enhancing its appeal and contributing to the growth and prosperity of the local community,” Lim concluded. The post SM advances P131M for Bacolod’s super city redevelopment appeared first on Daily Tribune......»»
PSAC paves way for health deal
The Private Sector Advisory Council from the Healthcare Sector, or PSAC-Health, with the Department of Health, the Commission on Higher Education, and the Private Hospitals Association of the Philippines Inc., signed a memorandum of agreement with President Bongbong Marcos as a witness to facilitate employment for underboard BS Nursing students. During their degree, these students will become CHED-certified and work as Clinical Care Associates in healthcare industries. “The Clinical Care Associates Upskilling Program, formalized through the Joint Administrative Order 2023-0001, is a groundbreaking endeavor, and I am confident that it’s a program that will help address the lives of healthcare workers in the country today,” President Marcos said. PSAC-Health has worked with DOH, 55 private hospitals, seven public hospitals, and CHED, along with 19 Higher Education Institutions, to implement the Joint Administrative Order in response to the country’s critical shortage of qualified nurses. “To the underboard nurses out there who are contemplating what to do next: I call on you to apply for this program and embrace the support being wholeheartedly given to you by the government and the institutions we represent,” Marcos added. Strategic interventions implementor “The Commission commits to working with other government agencies and PSAC to implement all the strategic interventions that President Bongbong Marcos approved in a whole-of-government and whole-of-the-nation approach,” said CHED Chairman Julian Prospero de Vera III. “I am confident that this policy would be extremely impactful as it addresses the problems and obstacles and allows our current registered nurses to focus more on high-value-added roles and functions,” PSAC Healthcare Sector Lead Paolo Borromeo said. On 19 July 2023, Chairman Prospero de Vera III of CHED and Secretary of Health Teodoro Herbosa ceremonially signed and launched JAO 2023-0001, also known as the “Implementing Guidelines for the Nurse Workforce Complementation and Upskilling Program for Clinical Care Associates. “This landmark initiative resulted from a collaborative effort between the government and the Private Sector Advisory Council Healthcare Sector Group.” Implementing the JAO showcases the power of government and private sector collaboration. The PSAC-Health has played a vital role in shaping the Nurse Workforce Complementation and Upskilling Program, ensuring its alignment with the vision of President Ferdinand Marcos Jr.’s administration. Leading hospitals and higher education institutions, including Healthway Medical Network, Metro Pacific Hospitals Inc., Mt. Grace Hospitals Inc. and the Philippine Private Hospitals Association Inc. have pledged their commitment to the Clinical Care Associates program by participating in the MOU signing event. Higher education institutions such as Our Lady of Fatima University, Far Eastern University, St. Paul University Philippines, Trinity University of Asia, National Teachers College and National University are also pivotal partners in shaping the future of healthcare in the Philippines through this program. The post PSAC paves way for health deal appeared first on Daily Tribune......»»
PSAC paves way for agreement with DOH, CHED, and PHAPi with PBBM
The Private Sector Advisory Council from the Healthcare Sector (PSAC-Health), together with the Department of Health (DOH), the Commission on Higher Education (CHED), and the Private Hospitals Association of the Philippines Inc. (PHAPi), signed a memorandum of agreement with President Ferdinand Marcos Jr. as a witness to facilitate employment for underboard BS Nursing students. During their degree, these students will become CHED-certified and work as Clinical Care Associates in healthcare industries. “The Clinical Care Associates Upskilling Program, formalized through the Joint Administrative Order [2023-0001], is a groundbreaking endeavor, and I am confident that it’s a program that will help address the lives of healthcare workers in the country today,” President Marcos said. PSAC-Health has worked with DOH, 55 private hospitals, seven public hospitals, and CHED, along with 19 Higher Education Institutions (HEIs), to implement the Joint Administrative Order (JAO) in response to the country's critical shortage of qualified nurses. “To the underboard nurses out there who are contemplating what to do next: I call on you to apply for this program and embrace the support being wholeheartedly given to you by the government and the institutions we represent,” Marcos added. "The Commission commits to working with other government agencies and PSAC to implement all the strategic interventions that President Bongbong Marcos approved in a whole-of-government and whole-of-the-nation approach," said CHED Chairman Julian Prospero De Vera III. “I am confident that this policy would be extremely impactful as it addresses the problems and obstacles and allows our current registered nurses to focus more on high-value-added roles and functions,” said PSAC Healthcare Sector Lead Paolo Borromeo. On 19 July 2023, Chairman Prospero De Vera III of CHED and Secretary of Health Dr. Teodoro Herbosa ceremonially signed and launched JAO No. 2023-0001, also known as the "Implementing Guidelines for the Nurse Workforce Complementation and Upskilling Program for Clinical Care Associates (CCAs)." This landmark initiative results from a collaborative effort between the government and the Private Sector Advisory Council (PSAC) Healthcare Sector Group. Implementing the JAO showcases the power of government and private sector collaboration. The PSAC-Health has played a vital role in shaping the Nurse Workforce Complementation and Upskilling Program, ensuring its alignment with the vision of President Ferdinand Marcos, Jr.'s administration. Leading hospitals and higher education institutions, including Healthway Medical Network (HMN), Metro Pacific Hospitals Inc. (MPHI), Mt. Grace Hospitals Inc., and the Philippine Private Hospitals Association Inc. (PPHAPI), have pledged their commitment to the Clinical Care Associates program by participating in the MOU signing event. Higher education institutions such as Our Lady of Fatima University, Far Eastern University, St. Paul University Philippines, Trinity University of Asia, National Teachers College, and National University are also pivotal partners in shaping the future of healthcare in the Philippines through this program. [caption id="attachment_191577" align="aligncenter" width="525"] Private Sector Advisory Council Lead Convenor Sabin Aboitiz (left) with President Marcos and PSAC Healthcare Sector leads[/caption] The post PSAC paves way for agreement with DOH, CHED, and PHAPi with PBBM appeared first on Daily Tribune......»»
DICT partners with BCDA, JHMC to put up North Luzon Data Center
The Department of Information and Communications Technology has forged a partnership with the Bases Conversion and Development Authority and the John Hay Management Corporation for the establishment of the North Luzon Data Center. The agreement was signed on Monday, 18 September 2023 by Information and Communications Technology Secretary Ivan John E. Uy, BCDA President and Chief Executive Officer Joshua M. Bingcang, and JHMC President and CEO Allan R. Garcia. The DICT will lead the development of the North Luzon Data Center, which will be an integral part of the Department’s National Government Data Center Project. “The collaboration between DICT and BCDA to establish the North Luzon Data Center is a quantum leap toward a digitally-empowered Philippines. This cutting-edge facility is a symbol of our unwavering commitment to innovative, efficient and exceptional public service. With this data center, we shall drive digital transformation in the region and the country, ensuring that every Filipino can seize the opportunities of the digital economy,” said Uy. The planned North Luzon Data Center will mainly cater to government entities situated in the area of the country, promoting the utilization of e-governance systems and facilitating public transactions. A portion of the data center shall also be allocated for BCDA and JHMC’s use. “As the country’s digital economy and the demand for cloud-based services continue to grow exponentially, the Philippines needs to strengthen its digital infrastructure and build up its data center capacity. Being stewards of national development, the BCDA is ready to support the DICT in this endeavor, and we are willing to extend our efforts so that all Filipinos have access to fast and reliable digital services,” said Bingcang. Garcia added: “Celebrating this groundbreaking and unprecedented partnership, DICT, BCDA and JHMC unite to usher in a state-of-the-art government data center. Together, we aspire to elevate our digital infrastructure, empower efficient public services and ignite a new era of technological progress, all for the benefit of every Filipino.” The DICT has been aggressively pushing for e-governance initiatives, in compliance with the marching order of President Ferdinand R. Marcos Jr. to facilitate the full digitalization of the country’s bureaucracy. Through forging partnerships with various government agencies and local government units, the department promotes the efficient delivery of public services and the interoperability of government systems and applications. The post DICT partners with BCDA, JHMC to put up North Luzon Data Center appeared first on Daily Tribune......»»
DTI slates Cashless Expo 2023
To promote the benefits of micro, small and medium enterprises to be onboarded to digitization, particularly in adopting digital payments, the Department of Trade and Industry is kicking off Cashless Expo 2023 in November. On Thursday, Trade and Industry Secretary Fred Pascual signed a memorandum of agreement with GoDigital Pilipinas Movement Inc., for the upcoming exposition. “This multifaceted approach in encouraging small businesses to adopt digital payments is aligned with the goal of the government to promote digital inclusivity through innovation to ensure that local enterprises remain globally competitive. Through a whole-of-government approach, the DTI will partner with both public and private stakeholders to foster digital transformation and wider accessibility for our enterprises,” according to Pascual. The objectives of the MoA are to increase digital payment adoption by merchants and encourage cashless transactions among consumers. Following the e-Commerce Philippines 2022 Roadmap launched earlier last year, the agreement further strengthens the aim of the DTI in promoting digitalization and financial inclusion among merchants and consumers. The Cashless Expo 2023, scheduled on 17 to 19 November 2023, is a collaboration between the DTI Digital Philippines E-Commerce Division and the GoDigital Pilipinas Movement. Further, it aims to ramp up efforts to increase digital payments across the nation. The event is supported by other government agencies such as the Department of Tourism, the Department of Agriculture and the Bangko Sentral ng Pilipinas, along with the private sector and digital payment enablers. The Cashless Expo 2023, the first cashless expo in the Philippines, will be a three-day trade show that will feature MSMEs that pioneer entirely cashless transactions. It will also showcase businesses using digital payment methods like e-wallets, debit/credit cards, online bank transfers, and QR codes or Near Field Communication technology to enable contactless transactions. The DTI Chief stressed the significance of digital transformation to enable MSMEs to be globally competitive, saying, “This event takes us one step closer to our goal of encouraging the adoption of digital payments across all industries. As the DTI works on science, technology and innovation driven approaches, we encouraged both public and private sectors to work with us in ensuring that digital transformation will happen in the Philippines.” The post DTI slates Cashless Expo 2023 appeared first on Daily Tribune......»»
IPOPHL launches site-blocking mechanism vs piracy
The Intellectual Property of the Philippines has announced the release of rules on site blocking, the measure that disrupts access to pirated sites, seen to delist the Philippines from being third in East and Southeast Asia in having the highest piracy rate. The release of Memorandum Circular 23-025 or the Rules on Voluntary Administrative Site Blocking, signed by IPOPHL director general Atty. Rommel Barba, signals the celebration of the Philippine Creative Industries Month this September. Barba said Memorandum Circular 23-025 was signed last 20 September 2023, effective two months from publication Result of years-long work “The rules are a result of years-long work with the National Telecommunications Commission and several internet service providers who refuse to sit down and watch while our creative industry suffers. With the site blocking mechanism soon up and running, IPOPHL, as an ex-officio member of the Philippine Creative Industries Development Council, is ecstatic to say the Philippines now has an essential tool to protect the creativity that drives our economy and defines our cultural landscape,” Barba said. With site blocking to be soon in place, Barba hopes to replicate the success of Indonesia where more than 50 percent of consumers have stopped or now rarely access pirate services because of its government’s blocking measures which started in 2019. “We encourage rights holders to optimize this tool and protect the value of your creative assets,” Barba said. Under the rules, the process is initiated once a rights holder or a duly authorized representative files a written request with the IP Rights Enforcement Office or IEO followed by the payment of filing fees. The application will immediately be evaluated by an officer from the IEO who is given ten working days to submit an Evaluation Report. The report carries a recommendation on the issuance or non-issuance of a site-blocking order and is elevated to the Supervising Director or Deputy Director General for approval within five working days. Collaboration vs piracy To effectively implement the rules, IPOPHL signed on Wednesday partnership agreements with the NTC and ISPs, namely Globe Telecom Inc., Smart Communications Inc., PLDT Inc., Sky Cable Corp. and DITO Telecommunity Corp. Under the Memorandum of Understanding, ISPs commit to willingly block sites directly upon IPOPHL’s request issued after a determination of violation, thereby streamlining the current process which requires the involvement of the NTC, the agency being the primary regulator of ISPs. Meanwhile, the memorandum of agreement with the NTC widens IPOPHL’s oversight to over 300 ISPs who are not part of IPOPHL’s site blocking MOU with ISPs, obligating them to disable access to piracy sites. Also at the event were the Motion Picture Association, Asia Video Industry Association and the GMA Network Inc. as observers and partners. IPOPHL launched the new rules at a time when site blocking is gaining traction around the world as an effective anti-piracy tool. That same year, AVIA’s Coalition Against Piracy released a YouGov survey showing that 49 percent of Filipinos admit to using streaming piracy websites or torrent sites, placing the Philippines third among East and Southeast Asian countries in terms of visiting piracy streaming sites. The post IPOPHL launches site-blocking mechanism vs piracy appeared first on Daily Tribune......»»
Post-pandemic scenario presents great opportunities for trade, says Swiss envoy
Europe should consider the "exciting" opportunities Asia has to offer due to exciting developments in the region, President Ferdinand Marcos Jr. recently said. In a statement from Malacañang released on Thursday, Marcos made the remark last Wednesday after the new Swiss Ambassador to the Philippines, Nicolas Brühl, presented his credentials in a ceremony at Malacañan Palace in Manila. "I think it is actually wise in terms of European countries, Switzerland included, to look to ASEAN, to look to Asia. Although there are other geopolitical disturbances, shall we say, but the opportunities are quite exciting," President Marcos said in welcoming in Brühl. "ASEAN leaders have come together to really strengthen the economic systems that we have in place, the weaknesses that have shown up during the pandemic. We're all trying to learn the lessons that the pandemic brought with it," he added. The President, who accepted the credentials of the Swiss envoy, said that he thinks the post-pandemic scenario presents a great opportunity for greater collaboration with the Philippines now understanding how the world works. The world doesn't work the same way that it did in 2019 and it is faring differently, Marcos said. "And so that's why I always value partnerships and alliances and agreements between countries. And I think (with) Switzerland, that has always gone very smoothly. Let's hope that it continues in that direction," Marcos told the Swiss ambassador. The Swiss ambassador said that the Swiss Foreign Ministry's Southeast Asia strategy proves that the region is of utmost importance and vowed to partner with it in the future. Last year's 65th-year celebration of the bilateral relations between the Philippines and Switzerland is already a good start, he said. The two countries celebrated 65 years of diplomatic relations in January 2022. The Philippines and Switzerland continue to maximize the benefits of the Philippines–European Free Trade Association Free Trade Agreement (PH-EFTA-FTA). The EFTA States, Iceland, Liechtenstein, Norway, and Switzerland, signed a Free Trade Agreement (FTA) with the Philippines in Bern, Switzerland on April 28, 2016. The EFTA-Philippines FTA entered into force on 1 June 2018, for the Philippines, Norway, Liechtenstein, and Switzerland and on 1 January 2020 for Iceland. The FTA covers trade in goods, trade in services, investment, competition, the protection of intellectual property rights, government procurement, and trade and sustainable development. The post Post-pandemic scenario presents great opportunities for trade, says Swiss envoy appeared first on Daily Tribune......»»
PEZA cheers signing of PH-FTA deal as investment approvals increase 180% in September
Pasay City – Philippine Economic Zone Authority (PEZA) Director General Tereso O. Panga said on Thursday that it is optimistic to receive more investors from South Korea with the signing of the Philippines-South Korea Free Trade Agreement (FTA) on the sidelines of the 43rd Association of Southeast Asian Nations (ASEAN) Summit and Related Summits in Jakarta, Indonesia. According to President Ferdinand R. Marcos Jr., “The signing of the FTA is a testament to the realization of many opportunities for complementation and collaboration between the Philippines and South Korea, and an even greater milestone for our economic friendship.” Trade Secretary Alfredo Pascual also noted that “for the Philippines, this FTA serves as a clear demonstration of the intent to elevate the current bilateral relations with South Korea to a stronger strategic partnership. The Philippines’ engagement with South Korea is built on trade through market access, economic cooperation, and investments through collaboration in targeted sectors such as critical minerals and supply chains.” Echoing these, Panga stated that “With South Korea’s status as the 10th largest GDP in the world and 2nd most technologically advanced nation (next to Germany), the Philippines stands to benefit from this FTA which opens more opportunities for investors, increased market access, FDI inflows, higher value-added production and export diversification combined with deeper economic cooperation and innovation partnership.” PEZA is also seeing an influx of FDIs coming from South Korea for the year. Panga said, “We are seeing an increasing trend with more South Korean investments coming in the country. Last year, we have approved a total of Php 1.019 Billion investments from South Korean projects and for our performance this year, we already generated a total of Php 1.413 Billion investments from South Korea. We are looking forward to welcoming more investments from them, especially from industries unique to the country.” As of June 2023, PEZA has a total of 246 registered projects from South Korea which generate Php 92.190 Billion investments, US$ 736.454 Million exports, and 40,688 employments. The post PEZA cheers signing of PH-FTA deal as investment approvals increase 180% in September appeared first on Daily Tribune......»»
UAE agri, energy, banking deals eyed
The Department of Finance, or DoF, on Wednesday said United Arab Emirates or UAE-based firms are keen on exploring investments in a range of industries in the Philippines, including food, water management, renewable energy, and Islamic banking. DoF said the economic team talked to executives of Brevan Howard, a technology-driven investment management platform; Arqaam Capital, a financial firm for emerging markets; and Investment Corporation of Dubai, the Dubai Government’s principal investment arm for the possible foreign investments. “The companies expressed interest in the Philippines’ renewable energy projects, port operations, water and wastewater management, waste-to-energy projects, upcoming Sukuk bond issuances, Islamic banking, and the Maharlika Investment Fund,” DoF said in a statement to the media. Middle East roadshow Investment and trade discussions surfaced during the Philippine economic team’s investor briefing in the UAE, a seven-state federation, from 11 to 12 September. The finance department said the possible foreign investments affirm the need for the Comprehensive Economic Partnership Agreement or CEPA with the UAE aimed at easing and expanding trade between the two countries. DoF said the UAE Government and the Philippines have already signed an agreement for investment protection and collaboration as part of the ongoing negotiations over CEPA. It added the UAE will soon submit to the Philippines its template for the final document on CEPA. President Ferdinand Marcos Jr. said he aims to adopt foreign water technologies, such as hydroelectric power plants, irrigation canals, and diversion dams to store and distribute more water for households, commercial establishments, and farm irrigation amid the threats of climate change. Food exports to Dubai usually include pineapples, bananas, and fresh and processed fish amounting to over $30 million. For renewable energy, the Department of Energy aims to generate power capacity of at least 20,000 megawatts through a mix of sources, such as the sun, wind and geothermal. Meanwhile, National Treasurer Rosalia de Leon said the Philippines is entering the Islamic debt market by issuing Sukuk bonds, or Islamic bonds, in the fourth quarter this year or early next year to raise $1 billion. “Sukuk bonds will diversify the Philippines’ sources of financing, widen its investor base to reach the untapped Islamic finance market, and boost investments in physical and digital connectivity,” she said. The Islamic bonds offer investors a share of profits from projects financed by the debt instrument instead of interest payments from traditional bonds. The government aims to raise $5 billion from commercial borrowing and already acquired $3 billion in January. The post UAE agri, energy, banking deals eyed appeared first on Daily Tribune......»»
Brawner, US envoy, USAF chief to visit EDCA sites in Cagayan, Pampanga
Armed Forces of the Philippines chief Gen. Romeo Brawner Jr., United States Ambassador to the Philippines Marykay Carlson and US Indo-Pacific Commander Admiral John Aquilino will be visiting facilities within the Enhanced Defense Cooperation Agreement sites located in Lal-lo Airport and Naval Base Camilo Osias in Sta. Ana, Cagayan and in Basa Air Base, Pampanga tomorrow, Wednesday. AFP Public Affairs chief Lt.Col. Enrico Gil Ileto said Brawner, Carlson and Aquilino will conduct an “extensive tour” at the completed EDCA projects in Basa Air Base, along with other high-ranking AFP and U.S. Armed Forces officers. “The tour will also provide an opportunity for the senior military officials to gain firsthand knowledge of the bases' potential for the development of key facilities to support HADR operations and modernization priorities of the AFP,” Ileto told reporters on Tuesday. After the visit, the Philippines and US delegations will attend the Mutual Defense Board-Security Engagement Board meeting at the Camp Emilio Aguinaldo in Quezon City on Thursday, 14 September. Ileto said: “These underscore the continued partnership and collaboration between the Philippines and United States militaries in enhancing national defense capabilities, as well as the shared commitment to regional security and disaster response efforts,” while Brawner and Aquilino’s visit to EDCA sites “signifies the commitment of both AFP and US Armed Forces to further strengthen its mutual cooperation.” This also ensures that both militaries are “prepared and well-equipped to respond to evolving security challenges and humanitarian crises,” he added. “The AFP looks forward to sharing insights from this visit and the MDB-SEB meeting, which together contribute to the enduring partnership between the two nations,” Ileto said. The post Brawner, US envoy, USAF chief to visit EDCA sites in Cagayan, Pampanga appeared first on Daily Tribune......»»
Sweden leads the way in a sustainable fashion revolution
A beacon of hope, Sweden is pioneering a future-friendly approach to the fashion industry. The “Fashion Forever” exhibition, ongoing at SM Aura from 8 to 14 September, sheds light on said country’s innovative strides in sustainable fashion design, production and distribution. Because of the combined efforts of designers, business people and academics who are dedicated to developing a circular fashion sector, the Swedish fashion scene has experienced a remarkable transition. “Fashion Forever” demonstrates Sweden’s commitment to sustainable development by showcasing the cutting edge of eco-friendly materials and clothing. The Swedish government’s steadfast commitment to sustainability is at the core of this transition. In line with the global Sustainable Development Goals of Agenda 2030 and the Paris Climate Agreement, Sweden wants to set the standard for sustainable fashion production and consumption around the globe. [caption id="attachment_182675" align="aligncenter" width="2560"] Bags by Zarah Juan[/caption] A standout example from the exhibition is “Textile & Fashion 2030,” a government-supported initiative spearheaded by the University of Borås, in collaboration with the Swedish School of Textiles, SmartTextiles, Science Park Borås and the Research Institute of Sweden. This initiative focuses on researching sustainable fashion techniques in small-scale settings and how brands can scale these innovations globally. The circular economy, which prioritizes resource efficiency and looks for creative ways to maximize the value of products, residues, dead-stock and textile waste, is the central theme of “Fashion Forever.” The display showcases ground-breaking circularity initiatives undertaken by Siptex and Renewcell. A ground-breaking facility called Siptex sorts textiles by color and fiber content using near-infrared light, enabling extensive textile recycling. Circulose® is a dissolving pulp with a high cellulose content that is produced by the textile-to-textile recycling business Renewcell. After that, Circulose® is turned into high-quality textiles including modal, viscose and lyocell fabrics. The collaboration efforts among Swedish fashion stores, design institutes and scientific parks—all backed by the government—are highlighted by Swedish Ambassador Annika Thunborg. She claims that by making these efforts, the fashion industry is able to maintain its creative, thrilling, and financial viability while still being environmentally responsible and consumer-friendly. At the exhibition, H&M, a well-known Swedish fashion store dedicated to attaining 100 percent circularity by 2030, presents its “Innovation Stories” program. This effort, which focuses on sustainability, investigates forward-thinking concepts and creative fabrications and designs. [caption id="attachment_182676" align="aligncenter" width="2560"] (FROM left) Dan Mejia, H&M South Asia’s Regional head of Communications and PR, Swedish Ambassador Annika Thunborg and Jonjon San Agustin, SM Supermalls senior vice president for Marketing at the launch of Fashion Forever in SM Aura. | PHOTOGRAPHS COURTESY OF FASHION FOREVER EXHIBIT[/caption] The event also features local companies and creators from the Philippines who support ecological methods, such as Zarah Juan and Lily of the Valley. To reduce superfluous production and create long-lasting clothing and accessories, they work with local resources, handcrafted techniques and made-to-order procedures. Prioritizing ethically sourced materials and small-scale, community-based production, Zarah Juan is known for its vibrant and uniquely Filipino designs. Lily of the Valley is a pioneer in a take-back program to recycle used and outdated undergarments and offers 100 percent made-to-measure innerwear items to cut down on overproduction. “Fashion Forever” was started by the Swedish Embassy in Manila with help from the Swedish Institute and collaborations with SM Aura and H&M. The post Sweden leads the way in a sustainable fashion revolution appeared first on Daily Tribune......»»
Converge, Caritas Manila partner to uplift underprivileged communities
Leading fiber broadband provider Converge ICT Solutions Inc. and the lead social service and development ministry of the Catholic Church in the Philippines, Caritas Manila, recently signed a partnership agreement to help improve the quality of life of communities, provide children with better education, and give the underprivileged access to livelihood opportunities. Converge president and co-founder Grace Uy and Caritas Manila Executive Director Rev. Fr. Anton B. Pascual led the signing of the memorandum of agreement, which officially signified the start of their partnership to assist and uplift the most vulnerable sectors of society. Not just providing technology “Converge is not just vested with the mission of providing technology to enrich the lives of Filipinos; it also has the mission of extending the benefits and opportunities of technology to underserved communities. Apart from being a connectivity provider, we hope that this partnership with Caritas Manila could be a springboard for more meaningful programs that will provide livelihood and social development to people needing those the most,” Uy said. For his part, Fr. Pascual said, “It is our pleasure to conclude this MoA with a fast-growing technology provider like Converge, which puts people at the heart of its business. May this agreement be the start of deeper collaboration in projects that will help alleviate the plight of the marginalized and vulnerable members of society.” The MoA signing was marked with the turnover of charity cans which will be deployed to over 150 business centers, branches, and offices of Converge. The charity cans are intended to support children and the youth in their journey to finish college. Unang Yakap Earlier, Converge also embraced Caritas Manila’s Unang Yakap program aimed at helping impoverished expectant and lactating mothers. The program provides nutrition to mothers and their newborn for their first 1,000 days, to ensure their critical health needs are met. As part of its Mothers’ Day celebration, Converge launched the “Mula sa Nanay, Para sa Nanay” program that aimed to raise funds for Unang Yakap mother beneficiaries by selling recycled bags made from old tarpaulin materials sewn by mothers of its partner women-led social enterprise KReations. The post Converge, Caritas Manila partner to uplift underprivileged communities appeared first on Daily Tribune......»»
Phl education gets aid
On 7 September, the US government signed a memorandum of understanding with the Second Congressional Commission on Education at the Senate of the Philippines to enhance the Philippine government’s capacity to deliver quality education and improve learning outcomes. The agreement solidifies US-Philippines collaboration on policy research, capacity-building, and technical assistance in support of EDCOM II’s objective of assessing, evaluating, and recommending reforms to improve the Philippine education sector. USAID Mission Director Washburn signed the MOU with EDCOM II co-chairpersons Senator Sherwin Gatchalian and Pasig City Representative Roman Romulo. Senator Gatchalian serves as Chairman of the Senate Committee on Basic Education and Vice Chairman of the Senate Committee on Higher, Technical and Vocational Education, while Romulo is the chairperson of the House Committee on Basic Education. “The memorandum of understanding underscores the mutual commitment of our two countries to work together to shape the future of Philippine education to make it a key driver of prosperity for all Filipinos,” said USAID Philippines Mission Director Ryan Washburn. Composed of 10 commissioners from the Senate and the House of Representatives, EDCOM II is a national commission that looks at priority areas such as early childhood care and development, basic education, higher education, technical-vocational education and training, and lifelong learning, as well as cross-cutting issues in governance and finance. “Reforming the Philippine education sector is no easy task that requires the inputs and expertise of advocates and partners. We are grateful to the USAID for steadfastly supporting education programs in the country, and we look forward to their contributions in reviewing and reforming the state of education in the country,” said EDCOM II co-chairperson Sen. Sherwin Gatchalian. “This MoU demonstrates the depth of our countries’ friendship with one another. Access to quality education will unleash the full potential of Filipinos. Thank you to the USAID for its support to enhancing our Philippine education system,” Romulo said. USAID shares the Philippines’ goal of making the country competitive in global education and labor markets. Over the past decade, the US government, through USAID, has invested nearly $200 million to strengthen the capacity of Philippine education partners to drive inclusive and sustainable growth. The post Phl education gets aid appeared first on Daily Tribune......»»
PEZA, BoC inks data-sharing pact
To improve trade and economic zone efficiency, PEZA and BoC signed a data-sharing agreement. The Philippine Economic Zone Authority, or PEZA, and the Bureau of Customs, or BoC, announced on Wednesday that their historic collaboration had been formalized. This monumental partnership culminated in the ceremonial signing of the Data Sharing Agreement for access to the Electronic Tracking of Containerized Cargo System. The effectiveness and security of trade and economic zone operations in the Philippines are expected to be revolutionised by this historic agreement. Revolutionary power Under their leadership, Director General Tereso O. Panga and Commissioner Bienvenido Y. Rubio has recognized the revolutionary power of efficient data sharing and collaboration. This ground-breaking collaboration has been made possible by their unwavering dedication to modernizing customs and economic zone operations. In order to protect the interests of the country, the BOC, which is tasked with overseeing the handling, possession, and delivery of products at all ports of entry, plays a crucial role. Real-time tracking of inland movements of containerized products has been made possible by the E-TRACC System, which was adopted by Customs Memorandum Order 04-2020. Meanwhile, PEZA, operating under Republic Act 7916 (as amended by Republic Act 8748), looks after regulating, overseeing, and facilitating business operations within economic zones. Both agencies’ contributions to the growth and prosperity of the country are obvious through the thriving economic activity within these zones. Data sharing agreement The Data Sharing Agreement formalizes the collaboration between these two vital agencies. PEZA will gain access to BOC’s E-TRACC System data, enabling real-time monitoring of containerized goods and individuals within and outside economic zones. This partnership promises to enhance efficiency, transparency, and security in cargo transportation to and from these zones. The key provisions of the agreement focus on data privacy, security, storage and retention of confidential information. The BoC and PEZA highlight their commitment to maintaining data privacy regulations and protecting sensitive information. To make sure that sensitive information is only used for those purposes, strict controls will be put in place. The Data-Sharing Agreement’s signature represents an agreement among the agencies to work together to promote innovation, effectiveness, and compliance in their own fields as well as wanting to work together to improve trade and the economic climate in the Philippines. The post PEZA, BoC inks data-sharing pact appeared first on Daily Tribune......»»
MPIC, Hartasuma target transport deals
The recently signed strategic partnership between infrastructure investment firm Metro Pacific Investments Corp. or MPIC and Malaysian firm Hartasuma Sdn Bhd is anticipated to introduce new transportation modes including cable cars and monorails that would help ease gridlock conditions in the country. Hartasuma Group executive director Tan Sri Ravindran Menon and MPIC’s chairman and CEO Manuel V. Pangilinan signed an agreement on Monday, with the two parties formalizing their interest in fostering economic growth through joint ventures and cooperation. Among others, the strategic partnership paves the way for various initiatives, including rolling stock refurbishment and development projects as well as exploration of a cable car system for tourism and urban transport. “If we look at other modes of transportation, cable cars and monorails can be good. The country should be open to more efficient modes of transportation, to ease the traffic situation in the Philippines like in Manila and other urban cities,” Pangilinan told reporters. Not just a supplier “What we are looking at is that they will not just be a supplier to us for transportation projects. They (are building) new modes of transportation like monorails and cable cars in Malaysia and we’d like to explore that also to upgrade our overall transport network in the country. We would like to see whether we can invest in this company,” he said. Pangilinan, however, did not disclose how much MPIC is willing to invest in Hartasuma, adding that the plan is still in the initial stage. MPIC, through its subsidiary Light Rail Manila Corp., which operates and maintains 20 stations, is expanding its business with the construction of five new stations for the Cavite Extension Project. It assumed operations and maintenance of LRT-1 in September 2015 through a P65-billion 32-year concession agreement with the Department of Transportation and the Light Rail Transit Authority. For his part, Menon noted that Hartasuma can leverage its expertise to help build and introduce new modes of transportation in the local market. “We also build cable cars and we are going to operate one in Malaysia very soon. I think it is an area that we should look at. It’s cheaper than the rail and it can carry a lot of people so you don’t start acquiring land in the middle of the city, especially in places like Baguio where there is terrain issue. In cities like Manila, we need to look at different places. It is just a possibility,” Menon conveyed. Rail excellence center “The city of Paris has a cable car being built now. And the other thing that we want to do in the Philippines is to put up a rail excellence center. We have great talents in Malaysia and we want to replicate that in the Philippines,” he added. Citing the projected growth of the local construction market, Menon also noted that MPIC and Hartasuma collaboration will cater to the growing demand and interest in rail infrastructure projects as the government looks to improve regional connectivity through the development of transport infrastructure. The partnership will likewise support the Marcos administration’s renewed commitment to Public-Private Partnerships. Hartasuma, a leading local integrated rolling stock and rail services company, was the first Malaysian rail company to deliver fully locally assembled passenger coaches to Keretapi Tanah Melayu Bhd. To date, it has delivered more than 500 LRT cars and passenger coaches and is currently supplying 27 new LRT trains to Prasarana Malaysia, which will service the Kelana Jaya Light Rail Transit. The post MPIC, Hartasuma target transport deals appeared first on Daily Tribune......»»
Phl, Vietnam tie-up spurs tech growth
Financial technology firm E-commerce Thrive Asia-Philippines seeks a self-regulatory body that will ensure ethical business practices and lead in countering digital scams plaguing the industry — a move that will also prompt economic growth. In a statement over the weekend, it announced its collaboration with CTO Network Vietnam, the largest financial technology and E-commerce organization in Vietnam, to implement its targets. The agreement includes stringent checks and monitoring of each member’s online business practices. “The collective effort seeks to create a robust foundation for secure and ethical digital commerce while stimulating economic growth through technological advancements and cooperative initiatives,” according to the company. Ecom Thrive Asia-Philippines is a movement to empower the micro, small, and medium enterprises and the country’s economy through digital commerce and continue education of its members and stakeholders on current technology and best practices. There are around 30 million e-commerce users nationwide but only less than one percent are formally registered, while the rest are on underground operations. According to ECom Thrive Founders Nani Razon, Raffy Canare and Charlie Gengos, all players need to take part in nation-building by registering their business with the government. While this may be a challenge, at least adding companies will increase the number of companies who are willing to support the government. 8,000 members vs digital scam Meanwhile, CTO Network Vietnam boasts an impressive membership base, with over 8,000 individual and corporate members. Recognizing the need for industry-wide vigilance against digital scams, the two organizations have united to safeguard the interests of industry stakeholders. In a recent six-day visit to Hanoi, the Philippine delegation conducted a series of coaching and mentoring sessions with Vietnam’s ECommerce tycoon, Hai Dang Nguyen of SEA International and BB Capital Vietnam and Branding Guru and Philanthropist, Hung Vu of CES Talk. President Ferdinand “Bongbong” Marcos Jr. had mentioned during his recent State of the Nation Address that a stronger E-Commerce industry will help propel economic growth. He said a roadmap firmly in place ensures that the government will deliver a robust economy driven by active digitalization of both the commercial sector, the government and consumers. The post Phl, Vietnam tie-up spurs tech growth appeared first on Daily Tribune......»»