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Philvolcs raises Mt. Bulusan alert status
The Philippine Institute of Volcanology and Seismology has raised the unrest status of Bulusan Volcano in Sorsogon province from Alert Level 0 (normal) to Alert Level 1 (low-level unrest) following a series of volcanic earthquakes. In its volcanic bulletin, Phivolcs said the Bulusan Volcano Network has recorded 121 volcanic earthquakes since 14 October, 37 of which were volcano-tectonic tremors that are associated with rock fracturing processes at depths of 1-9 kilometers beneath the northwestern and southern slopes of the volcano edifice. Phivolcs has also observed ground deformation and inflation or swelling of the Bulusan’s southern flank since February, and the northeastern flank has been swelling since September. Bulusan also logged an increase in the volcanic carbon dioxide concentration from June to August, and the spring temperature also increased since February. Phivolcs said these volcanic activities indicate that hydrothermal activity driven by deep-seated magma degassing may be occurring beneath the volcano and may lead to steam-driven eruptions at any of its summit vents. It said that Mt. Bulusan is currently in a state of low-level unrest. Hence, Phivolcs warned the public that entering int 4-km radius permanent danger zone should be prohibited and vigilance in the 2-km extended danger zone in the southeast sector must be exercised due to the increased possibility of sudden and hazardous phreatic eruptions from the summit crater and/or lateral vents. Flying close to the volcano’s summit is not allowed as ash from sudden phreatic eruptions can be hazardous to aircraft. People living within valleys and along river or stream channels, especially on the southeast, southwest and northwest sectors of the volcano, should be vigilant against sediment-laden stream flows and lahar in the event of heavy and prolonged rainfall should a phreatic eruption occur. The post Philvolcs raises Mt. Bulusan alert status appeared first on Daily Tribune......»»
SC justices join CACJ meet
Supreme Court Chief Justice Alexander G. Gesmundo and the Associate Justices of the Supreme Court of the Philippines led a delegation from the Philippine Judiciary who took part in the Council of ASeAN Chief Justices Retreat Meeting 2023 and the 14th ASEAN Law Association General Assembly in Kuala Lumpur, Malaysia. With Gesmundo were Supreme Court Associate Justices Henri Jean Paul B. Inting, Rodil V. Zalameda, Mario V. Lopez, Samuel H. Gaerlan, Jhosep Y. Lopez, Antonio T. Kho Jr. and Maria Filomena D. Singh. The CACJ traces its origins to the inaugural ASEAN Chief Justices Meeting held on 23 August 2013 where it provided a regular forum for the Chief Justices to discuss and exchange views on common issues facing the ASEAN Judiciaries. It also serves as a platform to promote close relations and build mutual understanding among the ASEAN Judiciaries. In addition, the CACJ facilitates judicial cooperation and collaboration to enhance economic growth and development of the ASEAN region. The ALA General Assembly, on the other hand, involves representatives from all 10 ASEAN countries — the Philippines, Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand and Vietnam. Held once every three years, the general assembly aims to promote regional cooperation among lawyers’ organizations, law faculties, legal research centers, and similar institutions within the ASEAN region. The CACJ Retreat Meeting 2023 and the 14th ALA General Assembly were held from 18 to 21 October 2023. At the Convening of the ALA 14th General Assembly on 19 October 2023, retired chief Justice and ALA Philippines President Artemio V. Panganiban announced that Gesmundo will be the incoming President of ALA Philippines in 2024 and conveyed that the Philippines is willing to host the 45th ALA Governing Council Meeting next year. During the CACJ Retreat Discussion on 20 October 2023, it was agreed among the ASEAN Chief Justices that the Philippines shall host the 11th CACJ Meeting in 2024. The post SC justices join CACJ meet appeared first on Daily Tribune......»»
Phivolcs: Bulusan logs increased seismic activity
The Philippine Institute of Volcanology and Seismology has observed increased seismic activity in Bulusan Volcano in Sorsogon province. Phivols has recorded 87 volcanic earthquakes in the Bulusan Volcano Network since 5 a.m. on 14 October. Of the number, 29 were volcano-tectonic or VT earthquakes—associated with rock fracturing processes occurring 1 to 8 kilometers beneath the southern and western sectors of Bulusan Volcano. The degassing at the active summit crater and vents has been weak to moderate this week. Bulusan emitted an average of 241 tons of volcanic sulfur dioxide (SO2) gas daily on 19 October. Phivolcs also noted an increase in volcanic carbon dioxide concentrations from June to August 2023. The volcanic spring temperature has likewise increased since February. It was detected in a monitored spring on the southwestern sector of the edifice. Phivolcs said these parameters indicate that hydrothermal activity driven by deep magma degassing may be occurring beneath the volcano and may lead to steam-driven eruptions at any of the summit vents. Bulusan remains under Alert Level 0 (normal). However, increased chances of steam-driven or phreatic eruptions occurring at the crater or summit area is still expected. Entering into the 4-kilometer radius Permanent Danger Zone, particularly near the vents on the south-southeastern slopes, should be avoided due to the possibility of sudden and hazardous steam-driven or phreatic eruption, rockfall, and landslide. Flying close to the volcano’s summit should also be avoided as ash from any sudden phreatic eruption can be hazardous to aircraft. Phivolcs also warned people living within valleys and along river or stream channels should be vigilant against sediment-laden stream flows and lahars in the event of heavy and prolonged rainfall. The post Phivolcs: Bulusan logs increased seismic activity appeared first on Daily Tribune......»»
Bulusan acting up anew — Phivolcs
The Philippine Institute of Volcanology and Seismology, or Phivolcs, on Monday warned of increased chances of steam-driven or phreatic eruptions occurring at the crater or summit of Bulusan Volcano in Sorsogon province. Phivolcs said it has recorded 87 volcanic earthquakes in the Bulusan Volcano Network since 5 a.m. on 14 October, of which 29 were volcano-tectonic earthquakes. The agency also observed weak to moderate degassing at the active summit crater and vents this week. Bulusan has emitted an average of 241 tons of volcanic sulfur dioxide (SO2) gas daily since 19 October. Phivolcs also noted an increase in volcanic carbon dioxide concentrations from June to August 2023, and an increase in volcanic spring temperatures since February. Phivolcs said these parameters indicate that hydrothermal activity driven by deep magma degassing may be occurring beneath the volcano and may lead to steam-driven eruptions at any of the summit vents. However, Bulusan remains under Alert Level 0 (normal) although Phivolcs reminded the public that increased chances of steam-driven or phreatic eruptions occurring at the crater or summit area are still expected. Phivolcs has warned the public against entering the four-kilometer-radius permanent danger zone, particularly near the vents on the south-southeastern slopes due to the possibility of sudden and hazardous steam-driven or phreatic eruptions, rockfalls and landslides. Flying close to the volcano’s summit should also be avoided as ash from a sudden phreatic eruption can be hazardous to aircraft. Phivolcs also warned people living in the valleys and along the river or stream channels to be vigilant against sediment-laden stream flows and lahar in the event of heavy and prolonged rainfall. The post Bulusan acting up anew — Phivolcs appeared first on Daily Tribune......»»
House monitoring spikes in agri prices
The House of Representatives’ Committee on Agriculture has vowed to keep a close eye on the prices of basic staples such as rice and onions to stop them from skyrocketing due to supply shortages. The panel’s chair, Quezon Rep. Mark Enverga, said Sunday the commitment was in response to the directives of President Ferdinand Marcos Jr. and Speaker Martin Romualdez to prevent unjustifiable price increases on agricultural products. The Philippines has experienced shortages of agricultural products since last year, including onions, which saw prices reaching as high as P700 per kilo. “To make food products affordable, we will observe and address food inflation,” Enverga said, adding that the committee will conduct public hearings, inquiries, and consultations with stakeholders. The panel spearheaded a months-long probe on the sudden scarcity of agricultural commodities blamed on hoarding and price manipulation by supply cartels. The congressional inquiry led to a drastic drop in onion prices, from P700 to P160 per kilo. It also paved the way for the filing of charges by the National Bureau of Investigation against three officials of the Department of Agriculture, namely, Assistant Secretary Kristine Evangelista, Agribusiness and Marketing Assistance Service officer-in-charge Junibert de Sagun, and Bureau of Plant Industry Director Gerald Panganiban. The three were allegedly involved in the agency’s P140 million procurement of onions last year from the Bonena Multipurpose Cooperative at P537 per kilo, which triggered the price increase last year. Bonena officials Israel Reguyal, Mary Ann dela Rosa, and Victor dela Rosa Jimenez were also charged. According to Enverga, the panel will continue conducting inquiries if necessary and “will not be intimidated by pressure from any source.” Pursuant to Mr. Marcos’ and the Speaker’s directives, the panel reopened its motu proprio (probe) in August in the wake of the reported inadequacy of the country’s rice supply and the impending rice crisis. Executive Order 39, which capped the price of regularly milled rice at P41 and well-milled rice at P45 per kilo, was imposed to immediately reduce the cost of the staple grain and consequently discourage hoarding, further decreasing its price. However, Mr. Marcos lifted the price cap a day before the imposition marked its first month. The post House monitoring spikes in agri prices appeared first on Daily Tribune......»»
England, Wales grapple with growing teen knife violence
Elianne Andam was headed to school like any other teenager in London last month when she was stabbed to death, becoming the latest victim of rising knife crime in England and Wales. The 15-year-old suffered a "brutal attack" in Croydon, south London, shortly after she and her friends had stepped off a public bus on a Wednesday morning, prosecutors have said. A 17-year-old boy arrested nearby just over an hour later will stand trial for her murder next April. One of the latest tragic cases of teen-on-teen violence in the British capital, it has become an increasingly common problem nationwide over recent decades. A few days after Andam's death, 16-year-old Taye Faik died in Edmonton, north London, following another knife attack. He was the 14th teenager to be killed with a blade in the city this year. The UK government, and mayors in some of its biggest cities and regions, have repeatedly vowed to tackle the persistent scourge of youth violence, but appear to be failing. Between 2012 and 2022, the number of knife and offensive weapon offences amongst children aged 10-17 increased by 19 percent across England and Wales, according to the Ministry of Justice. That compared with an eight percent increase among adults. 'Social issue' With the sale of guns strictly controlled in Britain, teenagers intent on violence typically turn to blades, including machetes and so-called "zombie" knives. Inspired by horror films, they often have one smooth blade and one serrated edge, and feature graphics or text on the blade or handle glorifying violence. Possessing them has been illegal since 2016, but some manufacturers have managed to evade this quasi-ban by altering their design. The government unveiled plans in August to outlaw them entirely and give police more powers to seize the weapons, which it said "seem to be designed to look menacing with no practical purpose". The new legislation will also increase the maximum penalty for their "importation, manufacturing, possession and sale" from six months to two years. However, machetes and zombie-style knives can be bought with relative ease for less than £50 ($60) on social media platforms like TikTok or Snapchat, circumventing online age restrictions, according to anti-knife crime campaigners. They urge more focus on the roots of the problem. "Knife crime isn't just a law-and-order issue, it's a social issue," Patrick Green, president of the Ben Kinsella Trust, told AFP. The anti-knife crime charity is named after a London teenager murdered in 2008. "When you start to unpick knife crime, you start to look at social deprivation, poverty, the lack of social mobility, mental health probation for young people," Green said. 'Awful weapons' Youth knife violence is more prevalent in Britain than many other European countries, he noted. "It's difficult to determine why exactly," Green added. London mayor Sadiq Khan's office blamed the austerity policies of successive Tory governments in power since 2010, which it argued have "decimated youth services" in the capital and beyond. As many as 130 centers offering sports and arts activities in the city have closed over that period, its statement noted. The pandemic and the country's worst cost-of-living crisis in a generation, driven by decades-high inflation, are also seen as contributing to the problem. Following the recent knife crime deaths in the capital, the Labour mayor urged the Conservative government in a letter "to speed up the legislation so we can ban these awful weapons as soon as possible". "The proposals also need to be toughened up to close the loopholes that could still allow the sale of these weapons," Khan added. He also wrote this month to London's 500 secondary schools reiterating that wand metal detectors to screen pupils for weapons were available, as well as police officers to deliver knife crime prevention talks. His opposition Labour party -- well ahead in polls for over a year -- has pledged to spend up to £100 million if it wins power in an election expected next year on a "Young Futures" program. It would fund new youth mentors and mental health hubs in every community, youth workers in schools set up for troubled students and hospitals, alongside wide-ranging public sector reforms. The post England, Wales grapple with growing teen knife violence appeared first on Daily Tribune......»»
Rate hike to weigh on stocks
The Philippine stock market fell by 0.97 percent week-on-week to close at 6,259 last Friday, dragged by the higher-than-expected inflation in September which came in at 6.1 percent or higher than the August print of 5.3 percent......»»
Phl economy still strongest this year — RCBC
The Philippine economy will remain among Asia’s strongest in the fourth quarter despite a possible higher interest rate because of strong consumer demand for certain products and services and more employed Filipinos, the chief economist of Rizal Commercial Banking Corporation said Saturday. “This growth forecast is still among the fastest in the region because our economy is doing well,” RCBC’s Michael Ricafort said. The World Bank recently downgraded this year’s Philippine economic growth to 5.6 percent from 6 percent due to inflation risks, apart from lower government spending and weaker demand for exports. However, it is still higher than China’s 5.1 percent, Indonesia’s 4.9 percent, and Malaysia’s 4.3 percent growth forecast. Ricafort said the Bangko Sentral ng Pilipinas (BSP) might raise its policy rate this year to slow inflation to 4 percent by year-end after it accelerated again to 6.1 percent last month. “The BSP is working to bring down prices of goods and services. As an unintended consequence, the economy could slow down. Borrowing costs for business owners also increase and consumer demand weakens,” he said. Ricafort said global oil prices have started falling which could discourage the central bank from raising its rate drastically. “Global oil prices have declined to $82 to $83 per barrel from a peak of $95 per barrel last month or since the war between oil-rich countries Russia and Ukraine began,” the economist said. He also expected a downtrend in rice prices starting this month as he said local farmers have begun collecting fresh harvests. “Inflation quickened last month mainly from higher prices of rice which accounted for nearly 9 percent of the inflation basket and grew 17 percent year-on-year,” Ricafort said. While a higher interest rate aims to slow consumption, Ricafort said the continued flow of remittances from overseas Filipino workers, or at least 3 percent growth yearly will still support substantial levels of consumer spending, especially during the Christmas season. “That is more than $40 billion a year. That’s the fourth largest in the world after India, China and Mexico,” the economist said. He added more Filipinos or 800,000 could earn from business process outsourcing or BPO this year as the industry’s revenue could rise from $32.5 billion to $59 billion based on data from the Contact Center Association of the Philippines. Another growth area is tourism, which Ricafort said saw 4 million foreign visitors last month, nearing the 4.8 million full-year target of the government. He added higher productivity among Filipinos is also expected as the country’s unemployment rate declined to 4.4 percent in August from 4.8 percent in July, based on data from the Philippine Statistics Authority. Moving forward, Ricafort said the government must improve science and technology education for higher quality jobs and increase spending on infrastructure amid the full reopening of most economies. “We are now fully reopened. Students are also back in schools which encourages putting up food businesses. Labor market in the US also improved which will affect export trade,” he said. Ricafort added the government could continue distributing financial and other assistance to farmers to control inflation. He believed the inflation rate will approach 3 percent next year, close to the ideal 2 percent for healthier economic growth. The post Phl economy still strongest this year — RCBC appeared first on Daily Tribune......»»
Bourse, peso fall amid elevated inflation
The stock market ended yesterday in the negative territory after the release of the September 6.1 percent headline inflation data, while the peso moved sideways on Thursday. The Philippine Stock Exchange index lost 119.6 points to close at 6,178.60, while the broader All Shares also dropped 49.81 points to 3,348.75. “Philippine shares fell towards closing as the latest inflation print came below expectations,” Regina Capital Development Corp. head of sales Luis Limlingan said. Red hot prices Headline inflation accelerated to 6.1 percent last month from 5.3 percent in August. All sectors dropped, led by Mining and Oil, which shed 184.98 points. Volume reached 676.7 million shares with a total value of P5.4 billion. Decliners led advancers at 119 to 67, while 45 shares were unchanged. The peso, meanwhile, closed at 56.67 to the dollar, slightly higher than the 56.71 finish on Wednesday. It opened the day at 56.6 from the previous day’s kick-off at 56.82. The currency pair traded between 56.59 and 56.69, bringing the day’s average to 56.63. The total volume of trade amounted to $1.23 billion, lower than the previous day’s $1.52 billion. The post Bourse, peso fall amid elevated inflation appeared first on Daily Tribune......»»
Wildfire on Spain’s Tenerife forces 3,000 people to evacuate
A wildfire raging on Spain's holiday island of Tenerife amid unseasonably hot temperatures forced the evacuation on Wednesday of around 3,000 people from their homes, local officials said. Firefighters backed by six water-dropping helicopters were battling the blaze which broke out on Wednesday afternoon in an area of steep ravines in the northeast of the island that was badly ravaged by a huge wildfire in August, the regional government of Tenerife said. Some 2,400 people were evacuated from the town of Santa Ursula, and another 600 from La Orotava, as a precaution, Lope Afonso, the vice president of the regional government of Tenerife wrote on Facebook. Television images and videos posted on social media showed smoke rising from a hill close to houses in a remote neighborhood and helicopters dropping water on flames. Popular tourist areas on Tenerife, part of the Canaries archipelago in the Atlantic Ocean, have so far been unaffected and its two airports have been operating normally. The seat of the fire "has been stabilized, we are seeing how it evolves to determine if in a few hours residents can return to their homes," Blanca Perez, the island's councilor in charge of emergencies, told local radio. The outbreak of the fire comes as Tenerife and the neighboring island of Gran Canaria are under a heat alert, with temperatures soaring above 30 degrees Celsius (86 degrees Fahrenheit) across much of the island, levels normally seen during the height of summer. The seven-island archipelago is located off the northwest coast of Africa and southwest of mainland Spain. At their nearest point, the islands are 100 kilometers (60 miles) from Morocco. As global temperatures rise due to climate change, scientists have warned that heatwaves will become more frequent and more intense. The post Wildfire on Spain’s Tenerife forces 3,000 people to evacuate appeared first on Daily Tribune......»»
How secret are CIFs?
Confidential and intelligence funds have been the buzzword since the budget season started in late August. It snowballed after Vice President Sara Z. Duterte was pressed to explain how the Office of the Vice President spent the P125-million Confidential and Intelligence Fund (transferred from the Office of the President contingent fund). As it became a highly debated topic — legislators like Senator Risa Hontiveros and Makabayan bloc members in the Lower House sought disclosure on the use of confidential funds to the public. Close to wrapping up the budget deliberations last week, the OVP and the Department of Education may lose their CIF requests in the 2024 budget as several solons agreed to realign them to the security operations of agencies that need them most. In a nutshell, arguments were in favor of transparency and against it. The decision will ultimately depend on the specific circumstances and the policies in practice. CIFs typically refer to discretionary funds allocated for specific purposes within an organization or government agency. Usually intended for confidential or sensitive activities requiring secrecy or discretion, the purpose of secret funds varies widely depending on the organization. Still, some common examples include intelligence gathering, covert operations, paying confidential informants, and other clandestine activities. Regarding national security, using CIFs may be related to sensitive national security matters. Disclosing details about these activities could compromise ongoing operations or endanger the individuals involved. Former National Security Advisor Hermogenes Esperon Jr.’s explanation of where CIFs are used is clear enough. CIFs are not exclusive to the Armed Forces of the Philippines and the Philippine National Police. Civilian agencies also use them for counter-intelligence — protection of personal documents and communications; and intelligence operations — use of human intelligence, technical intelligence, and other ways of collecting information. The CIFs, the former AFP chief said, are significant in maintaining the people’s allegiance to the government and safeguarding against potential espionage and threats from within the state. Equally appalling as the laxity of some government agencies in recruiting people who are supposed to be fit for the job, whose loyalty is to the people and not to overthrow the government, is the recruitment of young students and out-of-school youth to the communist cause. It, therefore, coheres that teachers’ loyalty to the Department of Education and their commitment to enhancing learning capabilities and development of the youth should be beyond doubt. Who needs teachers who lead in recruiting young minds to be radicalized? Imposing a mandatory disclosure on the use of CIFs is synonymous with informing enemies of the state of the government’s plans against them, which could potentially impede the efficacy of specific operations. It pays to understand that some security endeavors necessitate a certain degree of secrecy to accomplish goals. As long as the allocation, management, and purposes of CIFs are subject to specific laws, regulations, and internal policies, there should be no fear of misuse, corruption, or unethical behavior by those entrusted with managing the funds. The last time we checked, the dictionary had not made revisions to the definition of confidential. It still is an adjective that means “intended to be kept secret or restricted to the use of a particular person, group, or class.” The post How secret are CIFs? appeared first on Daily Tribune......»»
BSKE 2023 still a go, says PNP
The Philippine National Police on Monday stressed that it is not seeing any postponement of the 2023 Barangay and Sangguniang Kabataan Elections scheduled on 30 October amid the reported 2,594 areas of concern. PNP chief Police General Benjamin Acorda Jr. said that the PNP has recorded 246 “areas of grave concern” or under the red category while 1,248 villages are under the orange category and 1,100 are under the yellow category. “So far, we are not seeing any areas that may postpone the polls. All areas will be simultaneously doing or conducting the BSKE as scheduled. There are some areas that we think that needs additional troops like the Bangsamoro Autonomous Region in Muslim Mindanao,” Acorda said. “We have to send additional forces there and our deputy chief for operations are also preparing in coordination with the other agencies. If some areas will be challenging, we will render the appropriate measures,” he added. Areas listed under the red category would be under the Commission on Elections’ control and the poll body has the authority to augment security forces in the said areas. “With regards to the preparations for the barangay elections to our assessment and after the presentation of all the regional directors and after their meeting with the different Regional Joint Security Control Center, provincial JSCCs and of course on the national level, it’s a go for all of us,” said Acorda. The PNP chief revealed that the 246 “areas of grave concern” for the BSKE are mostly from Bicol, Eastern visayas and BARMM. “In BARMM alone we have 151, in Region 8 we have 60 and in Region 5 we have 21 this list is fluid, it may change anytime depending on the political climate in the area and these are being constantly monitored through our coordination with the Comelec, Philippine Coast Guard and the Armed Forces of the Philippines,” said Acorda. He also said that the PNP keeping a close watch on 38 potential PAGs and four active PAGs ahead of the BSKE this year. The election period for the BSKE started on 28 August and will end on 29 November 2023. During this period, the Comelec mandates the suspension of activities involving the carrying of firearms or other deadly weapons and the employment of security personnel or bodyguards by incumbent public officials, whether elected or appointed, as well as private individuals. The post BSKE 2023 still a go, says PNP appeared first on Daily Tribune......»»
Governor’s fight vs EDCA
Despite political pressure, Cagayan Governor Manuel Mamba continues to oppose the Enhanced Defense Cooperative Agreement or EDCA sites in his province. Since April this year, he has been announcing publicly his opposition. Mamba also urged Cagayanos to make a united stand and voice their opposition following the announcement by the Presidential Communications Office that EDCA sites were to be established at Naval Base Camilo Osias in Santa Ana and the Lal-lo Airport in the province. I had a chance to meet Mamba last 25 August, and he said he is against any form of neo-colonialism, which is perhaps why he is not in favor of having American military personnel, facilities, and structures in the country, particularly in his province. During the occasion, he was also commended by a retired Philippine National Police general. I suppose we are aware that Governor Mamba is under heavy political oppression due to his opposition to PH-US military relations and new EDCA sites. To Cagayanos, Governor Mamba is undoubtedly the national hero of the new century because his courage and determination are worthy of admiration. Observers said his opposition to the military ties with the US and the new EDCA sites had alienated him from President Ferdinand Romualdez Marcos Jr., to whom he was once close. In early May, in reaction to Governor Mamba’s opposition to the new EDCA sites, House Speaker Martin Romualdez reiterated that the President’s determination to strengthen cooperation with the US with new EDCA sites was “unshakable.” There were rumors the Speaker asked the Governor to keep quiet on the matter. To Governor Mamba’s supporters, this was a severe warning and a humiliation from the President and the US. On 9 February this year, US embassy personnel met with an assistant of Cagayan Vice Governor Melvin Vargas, named Agatep, mainly to get an update on Governor Mamba’s alleged “irregular vote buying” in the last election. During the meeting, dissatisfaction was expressed with the Governor’s public opposition to the new EDCA sites in Cagayan. Well, should the vote-buying case push through, what could we expect? Should Governor Mamba’s election be overturned, Vice Governor Vargas, who supports the PH-US alliance, would be the likely successor. A friend from the north told me that Katrina Enrile, like her father Juan Ponce Enrile, the Presidential Chief Legal Adviser, is pro-EDCA. To eliminate the local opposition to EDCA, Katrina Enrile allied with Governor Mamba’s political rivals — Vice Governor Vargas and the Lara family. Vice Governor Vargas met with Katrina Enrile on 19 April and stated that he had garnered the support of a majority of the provincial officials regarding the establishment of the two EDCA sites in Cagayan. The new EDCA sites were the President’s decision, and they should not speculate on this. Katrina Enrile’s efforts paid off, as the President appointed her Administrator and Chief Executive Officer of CEZA, the office that manages the Cagayan Special Economic Zone. Interestingly, the Cagayan Special Economic Zone Act of 1995 was proposed and drafted by Juan Ponce Enrile. On 7 April, representatives of the US government met with Mayor Florant Pascual of Lal-lo and president of the League of Municipalities of the Philippines-Cagayan Chapter. During the meeting, the American government promised to carry out energy projects through USAID and provide local assistance in exchange for Pascual’s support of the new EDCA sites. On 20 April, Pascual and 18 other mayors publicly announced their support for the new EDCA sites in Cagayan. Soon after, on 15 June, USAID representatives visited the Philippines and announced a $65-million fund for Cagayan and Isabela to support local energy planning and introduce renewable energy technologies, such as solar roofs. The US embassy said the communities near the new EDCA sites in Santa Ana and Lal-lo would also benefit from the grant. The post Governor’s fight vs EDCA appeared first on Daily Tribune......»»
Pope to appoint 21 new cardinals, looking past the West
Pope Francis will on Saturday elevate 21 clergymen from all corners of the world to the rank of cardinal -- most of whom may one day cast ballots to elect his successor. The choice of the new "Princes of the Church", who include diplomats, close advisers, and administrators, is closely watched as an indication of the future direction of the Catholic Church. One of them could also one day become the successor to 86-year-old Francis, who has left the door open to resigning -- although he says he is not there yet. Saturday's ceremony, known as a consistory, is the ninth since Francis was elected pope by his peers in 2013. He has since sought to create a more inclusive, universal Church, looking past Europe to clergy in Africa, Asia, and Latin America to fill the Church's highest ranks. Beginning at 10:00 am (0800 GMT) in St Peter's Square in Vatican City, the new cardinals will kneel before the pope to receive the two symbols of their high office: a scarlet four-cornered cap known as a biretta, and a cardinal's ring. Eighteen of the 21 new cardinals are under the age of 80 and thus currently eligible to vote as "cardinal electors" in the next conclave, when Francis' successor will be decided. They are among 99 cardinal electors created by the Argentine pontiff, representing about three-quarters of the total. That has given rise to speculation that the future spiritual leader of the world's 1.3 billion Catholics will be cast in the same mold as Francis, preaching a more tolerant Church with a greater focus on the poor and marginalized. Bishops taking action With his latest roster of cardinals, Francis has again looked to the world's "peripheries" -- where Catholicism is growing -- while also breaking with the practice of promoting archbishops of large, powerful dioceses. "He is looking for cardinals who correspond to the times. These are people who have all taken a step away from the Church of the past, who positively ensure a break," an informed observer of the Holy See who asked to remain nameless told AFP. "He likes bishops who take action." There are three new cardinals from South America, including two Argentinians, and three from Africa, with the promotion of the archbishops of Juba in South Sudan, South Africa's Cape Town, and Tabora in Tanzania. Asia is represented by the Bishop of Penang in Malaysia and the Bishop of Hong Kong, Stephen Chow, who is seen as playing a key role in seeking to improve tense relations between the Vatican and Beijing. "Traditionally, (the Church) was focused on Europe or the United States, but now we need to hear from Africa and Asia," Chow told reporters Thursday. Diplomats and managers Some cardinals-to-be, like Chow, have experience in sensitive zones of the world where the Holy See hopes to play an important diplomatic role. The list includes the Holy Land's top Catholic authority, Italian Archbishop Pierbattista Pizzaballa, the first serving Latin Patriarch of Jerusalem to be made cardinal. "Jerusalem is the center of the world, but it is also the periphery. We know that Pope Francis pays attention to the periphery," Pizzaballa told AFP. "Jerusalem is a small laboratory, interreligious and intercultural, and that's a challenge that the whole world is facing at this point," he said. Also to be promoted is the apostolic nuncio, or ambassador, to the United States, France's Christophe Pierre, whose decades-long diplomatic career includes posts in countries including Haiti, Uganda, and Mexico. Top administrators in the Curia, the government of the Holy See, who are considered close to Francis are also being recognized. There is Italy's Claudio Gugerotti, prefect of the Dicastery for the Eastern Churches; Argentina's Victor Manuel Fernandez, whom the pope recently named head of the powerful Dicastery for the Doctrine of the Faith; and Chicago-born Robert Prevost, a former missionary in Peru who leads the Dicastery for Bishops. The last consistory was held in August 2022. The post Pope to appoint 21 new cardinals, looking past the West appeared first on Daily Tribune......»»
Second round of Fukushima wastewater release to start next week
Japan will begin releasing a second batch of wastewater from the crippled Fukushima nuclear plant from next week, its operator has said, an exercise that angered China and others when it began in August. On 24 August, Japan began discharging into the Pacific some of the 1.34 million tons of wastewater that has collected since a tsunami crippled the facility in 2011. "The inspections following the first release have been completed... The (second) discharge will start on 5 October," TEPCO said on Thursday. China banned all Japanese seafood imports after the first release, which ended on September 11, despite Tokyo's insistence that the operation poses no risk. Russia, whose relations with Japan are also frosty, is reportedly considering following suit on a seafood ban. In the first phase around 7,800 tons of water were released into the Pacific out of a planned total of 1.34 million tons, equivalent to more than 500 Olympic swimming pools. TEPCO says that the water has been filtered of all radioactive elements except tritium, which is within safe levels. That view is backed by the UN atomic agency. China has accused Japan of using the ocean like a "sewer", accusations echoed at the United Nations last week by Prime Minister Manasseh Sogavare of the Solomon Islands, who has developed close relations with Beijing. The release, which is expected to take decades to complete, is aimed at making space to eventually begin removing the highly dangerous radioactive fuel and rubble from the wrecked reactors. "As was the case for the first discharge, we will continue to monitor the tritium levels. We will continue to inform the public in ways that are easy to understand based on scientific evidence," TEPCO official Akira Ono told reporters Thursday. Despite China's ban on Japanese seafood imports, Chinese boats are reportedly continuing to catch fish off Japan in the same areas that Japanese vessels operate. Rahm Emanuel, the US ambassador to Japan, last week posted photos of what he said were Chinese fishing boats off Japan on 15 September. "They say a picture is worth a thousand words. Chinese vessels fishing off Japan's coast on September 15th, post China's seafood embargo from the same waters," Emanuel said on social media platform X. The post Second round of Fukushima wastewater release to start next week appeared first on Daily Tribune......»»
Japan will continue transparency about ALPS treated water release
The Daily Tribune recently published the opinion entitled “Releasing Fukushima water amid protests?” by Mr. Bernie V. Lopez, which worsens the misperception of Japan’s discharge plan. Therefore, I would like to provide explanations based on scientific evidence and facts as well as Japan’s efforts to take the measure in the most accountable and transparent manner. First of all, the water to be discharged is NOT “nuclear wastewater”.” It is “ALPS (advanced liquid processing system) treated water,” which has been sufficiently purified until the concentration of radioactive materials other than tritium is below the regulatory standard and then is further diluted before it is discharged. Tritium is a radioactive material that exists in nature, and can be found in rainwater and also in our bodies, but does not accumulate in the body. The reason for the discharge of ALPS-treated water is not a fear of the dangers of storing large amounts of nuclear wastewater but to restore life in Fukushima and achieve reconstruction. The Subcommittee on Handling ALPS Treated Water considered five options: geosphere injection, discharge into the sea, vapor release, hydrogen release, and underground burial. Of those methods, discharge into the sea was determined to be the best from a risk management perspective, because it has a proven track record in domestic and international nuclear facilities and is easy to monitor. Discharge of ALPS-treated water is an issue that cannot be postponed to construct new facilities to safely proceed with the decommissioning work, which will be more fully underway in the future. On 4 July 2023, The International Atomic Energy Agency or IAEA, the world’s authority on nuclear-related issues, published the Comprehensive Report on the Safety Review of the ALPS Treated Water at TEPCO’s Fukushima Daiichi Nuclear Power Station, which presents the findings of a nearly two-year review conducted by the IAEA and independent international experts based on scientific evidence. The report states that Japan’s plans to discharge the ALPS-treated water into the sea and associated activities are consistent with relevant international safety standards, and the discharge will have a negligible radiological impact on people and the environment. On 24 August 2023, the Fukushima Daiichi Nuclear Power Station, or FDNPS, initiated the discharge of ALPS-treated water to promote the reconstruction of Fukushima. Since the start of the discharge, it has been confirmed that the concentration of nuclides including tritium in seawater and marine products is far below the standards, which indicates that the discharge is safe as planned. Specifically, Japan is implementing three types of monitoring (monitoring of treated water in tanks, real-time monitoring of a wide range of nuclides, mainly tritium) with the involvement of the IAEA. If a problem is detected during this monitoring process such as detecting radioactivity levels exceeding standards, appropriate measures will be taken, including immediate suspension of the discharge. In more detail, we will manage the annual discharge volume of tritium so it will not exceed 22 trillion Bq, which is equivalent to the target discharge management value for the Fukushima Daiichi Nuclear Power Station before the accident. It is worth noting that other countries also discharge tritium into the sea in compliance with their domestic laws and regulations; for instance, according to the China Nuclear Energy Association website, China, discharging 112 trillion Bequerel, or Bq, from Yangjiang Nuclear Power Plant , 102 trillion Bq from Ningde NPP, 90 trillion Bq from Hongyanhe NPP in 2021. The amount of tritium in the ALPS-treated water is far smaller than the amount of tritium discharged from many nuclear power plants and other facilities in other countries. Consultations with stakeholders Furthermore, the aforementioned article states that “Japan planned the release unilaterally — no transparency, no consensus. They never made an effort for international awareness and inspection.” However, the fact is that Japan has provided information and has engaged in consultations with the interested parties including both international and domestic ones in a transparent manner based on scientific evidence, with an emphasis on providing sufficient data. In addition, Prime Minister Fumio Kishida has emphasized that every possible measure would be taken to ensure the safety of discharge and that any emission that would harm the health of citizens or the marine environment would not occur. He also explained Japan’s efforts regarding the discharge of ALPS-treated water at ASEAN-related Summit Meetings in Jakarta on September 6 and 7 and the G20 New Delhi Summit on September 9 and 10, which led to a wider and deeper understanding of our approach. The positive recognition and support in the international community for Japan’s efforts and its commitments are currently spreading. Many countries including the U.S., Australia, and NZ officially welcomed the IAEA’s Comprehensive Report, and also Prime Minister of the Cook Islands, as Chair of the Pacific Islands Forum (PIF) acknowledged Japan’s efforts. Recently, on the margin of the Japan-ASEAN Summit Meetings, H.E. Mr. Joko Widodo, President of the Republic of Indonesia expressed his understanding of Japan’s position. In addition, on the margin of the G20 New Delhi Summit, H.E. Mr. Recep Tayyip ERDOGAN, President of the Republic of Türkiye said that he is aware of Japan’s sincere efforts, and H.E. Mr. Mark RUTTE, Prime Minister and Minister of General Affairs of the Kingdom of the Netherlands expressed his full support to Japan’s approach. Therefore, the author’s claim that Japan had “no transparency, no consensus” is inaccurate. As the author correctly stated, “Secrecy will be Japan’s enemy” and Japan has been and will prioritize our transparency. At the end of the day, all the questions should be left to scientists and experts on nuclear issues, to draw a conclusion that can stand the test of scientific evidence and facts. Having gone through unprecedented hardships since the Great East Japan Earthquake, we remain committed to facing the most difficult challenges with complete transparency in close collaboration with the IAEA. After the start of discharge into the sea, Japan will continue to conduct three types of monitoring in a multilayered manner with the involvement of the IAEA. We hope to gain the understanding and support of the international community. The government of Japan will continue to provide the necessary information transparently based on the conclusion of the comprehensive report and will continue efforts to gain further understanding from the international community, while scientifically refuting politically motivated opinions. 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Central banks in no rush to cut interest rates
Investors were hoping to hear central banks finally signal this week that they were close to being done raising interest rates in their battle against inflation. Instead, policymakers indicated that high rates are here for a while yet, with more hikes on the cards and few, if any, cuts in the near future. The US Federal Reserve set the tone on Wednesday when it paused its rate-hike campaign but caused a stir by leaving the door open to another increase before the end of the year. The central bank also unsettled investors by saying that only two cuts were expected next year instead of four as anticipated. The Fed has more room to keep its "hawkish" stance as the US economy has performed better than feared despite the rate increases. This firm position is shared by other central banks. Norway's rate hike Thursday was anticipated, but it also warned further tightening was "likely" in December, while ruling out any easing before next year. Growth or inflation This firm tone came "as a surprise to the markets," which have "decided that the peak" of rate hikes is "happening right now," HSBC economist Fabio Balboni told AFP, even though "central banks' communications leave the door open to the possibility to further hikes". It leaves "real uncertainty about the level of inflation next year", he said. Their decision "reflects a compromise between growth and inflation", he added. The rate hikes raise the cost of credit for businesses and consumers, which theoretically in turn reduces demand and inflationary pressures. But if demand slows too much, it runs the risk of triggering a recession. Faced with this dilemma, the European Central Bank (ECB) chose inflation-limiting measures, with a 10th consecutive rate hike. That took its benchmark rate to 4.0 percent, the highest since 1999. "We can't say we have peaked," ECB president Christine Lagarde said, although other officials indicated that the cycle of raising rates might be coming to a close. "Our future decisions will ensure that the key ECB interest rates will be set at sufficiently restrictive levels for as long as necessary," the bank's chief economist Philip Lane said Thursday in New York. Return to lower rates There are other signs, however, that rates are reaching their peak. The Bank of England on Thursday announced its first pause on raising rates since December 2021, following a slight decline in UK inflation in August. Switzerland and Japan -- like half of all central banks -- have also chosen to halt raising rates in the past 10 days. "We expect no more rate hikes in the future" for the US, England and Europe central banks, said Balboni. Jennifer McKeown of Capital Economics said she expected the last hikes to come in the fourth quarter, and that the easing cycle would take hold as 2024 approaches. "By this time next year, we anticipate that 21 out of the world's 30 major central banks will be cutting interest rates," she wrote. Although Balboni, taking a more measured stance, said "in the context of weak growth, it will be very complicated to reduce rates" while inflation remains "too high". Instead, he believes reductions to US rates won't be seen until the third quarter of 2024, while the rest of the world will have to wait until 2025 for rate relief. The post Central banks in no rush to cut interest rates appeared first on Daily Tribune......»»
Economy humming under PBBM — AMRO
Despite the challenges of spiraling prices resulting to a 5.3 percent inflation in August from the 4.7 percent recorded in the previous month, economic experts maintained that the economy is on strong footing under the charge of President Ferdinand “Bongbong” Marcos Jr. Growth was supported by resilient domestic demand with a strong recovery in the labor market despite weaker external demand, according to the ASEAN+3 Macroeconomic Research Office, or AMRO. AMRO held its Annual Consultation Visit to the Philippines from 29 August to 8 September. According to the report, the economy maintained its robust momentum in the first half following a multi-decade high growth rate of 7.6 percent in 2022. It added that notwithstanding a widening current account deficit, the external position remains sound with sufficient international reserve buffer and low external debt. Despite some moderation in 2023, inflation remained high, at a level above the 2 percent to 4 percent target, driven by buoyant demand, the report indicated. Favorable outlook “Economic growth is projected to moderate to 5.9 percent in 2023 due to high base effects and weaker external demand, before edging up to 6.5 percent in 2024 as external demand recovers,” AMRO group head and principal economist Runchana Pongsaparn said. “Meanwhile, domestic demand is expected to remain robust supported by continued improvement in labor market conditions, lower inflation, robust overseas remittances, and higher government infrastructure spending.” Headline inflation is projected to moderate to 5.5 percent in 2023 from 5.8 percent in 2022, and slow further to 3.8 percent in 2024. Despite some moderation, inflationary pressure will likely remain elevated as reflected in the high level of core inflation, due to a positive output gap and the second-round effects induced by increases in the minimum wages and expectations of persistently high inflation. Favorable indicators Other positive factors cited in the report include: On the external front, a widening current account deficit was partly offset by net capital inflows; External debt remained low and international reserve buffer was adequate; The banking sector has improved profitability, ample liquidity, and sufficient capital buffer; and Fiscal position continues to improve in 2023, attributed to robust revenue collection and moderate spending. Scar effects linger AMRO, however, warned that the outlook is clouded by risk factors and challenges. In the short term, the economy could be adversely affected by high inflation, especially due to local supply shocks in the food sector, the report added. An economic slowdown in major trading partners and volatility in the global financial market, along with tighter financial conditions, also pose risks. The long-term growth potential is largely affected by the scarring effects of the pandemic, the pace of infrastructure development, geopolitical risks, and the economic losses from natural disasters, which are being exacerbated by climate change. The Bangko Sentral ng Pilipinas, or BSP, tightened monetary policy aggressively to address rising inflation. Policy interest rate was raised by a cumulative 425 basis points, or bps, between May 2022 and March 2023. The 2024 budget aims to continue to reduce the budget shortfall, guided by the medium-term fiscal framework. Complementary tacks Tightened monetary policy and contractionary fiscal stance is an appropriate policy mix amid a positive output gap and persistent inflationary pressure. The “all-of-government approach” against inflation is welcomed as it addresses the supply side problems. Macroprudential tools can be used actively to address potential financial stability issues. The report added in the medium to long term, budget policy should balance between restoring fiscal buffer and supporting sustainable growth and development. Based on the report, fiscal consolidation is supported by strong commitment and well-defined targets and measures, anchored by fiscal rules and discipline. On the financial system side, close coordination between regulators is crucial in identifying, monitoring and mitigating financial stability risks. Meanwhile, the authorities should continue to improve the liquidity management framework, develop the bond and repo markets, and continue to expand financial inclusion, to enhance the system’s resilience to shocks and promote market activities. To do list The report said a comprehensive strategy is warranted to bolster the medium- to long-term economic growth potential. Overcoming the scarring effects of the pandemic mandates a sustained focus on upgrading and upskilling the workforce to embrace a more technology-driven economy, it added. Implementation of policies and measures to attract investments, particularly foreign investments, and promote exports of both goods and services are the underpinnings of long-term economic development, the report added. Furthermore, the government can enhance the country’s competitiveness through infrastructure investment, digitalization, and developing a green economy. The post Economy humming under PBBM — AMRO 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......»»
‘Go to authorities, not to social media’ — Valenzuela mayor on latest road rage incident
Valenzuela City Mayor Wes Gatchalian on Monday called on the public not to resort to social media when getting involved in road rage incidents. He also advised motorists who are also gun owners to be "responsible enough" as having a license to carry a gun is just a "privilege" to have protection and not to use it like a "street toughie." "Huwag kayong matakot lumapit sa authorities (police or LGU), paalala sa mga gun owner, license is a privilege for protection. Huwag niyong abusuhin," Gatchalian said at a press briefing he called to present the victim on another road rage incident that happened in his jurisdiction. "I don't see the reason why (the motorist who is a gun owner) would be in a rage. Madaling araw nangyari, maluwag ang daan," Gatchalian said, referring to Marlon Malabute a businessman from Tondo, Manila who cut and hit at the cab driven by Henry Ong Jr., a resident of Valenzuela. "Wala pang sinasabi (victim) binunutan na ng baril," the Mayor added. Gatchalian was referring to the latest road rage incident that happened on 19 August, a couple of weeks after the controversial road rage incident in Quezon City involving a dismissed policeman and bicycle rider. Gatchalian said the incident only reached them on 6 September, but their police were able to track the suspect through the vehicle he used which probers found to have been registered thrice because of different transfers of ownership. P/Col. Salvador Destura Jr., Valenzuela police chief on the other end said they have already filed charges of "alarm and scandal" as well as "grave threats" charges against the road rager. He added that they also moved to have Malabute's gun license revoked. "He will answer that at the Prosecutors' Office. If he doesn't show up, he will have a warrant. That's the time we will hunt him if he still would not present himself," Destura explained. He added that they also reached out to the suspect's uncle and brother who promised them their cooperation. Ong for his part, said he came into the open because of his fear and fear for his family's safety. The incident, he added was a traumatic experience to him, affecting his health and work as a taxi driver. He urged the suspect to surrender. Gatchalian, meanwhile, noted the incident will be treated as a "lesson learned" that will make his local government push for the planned installation of 1,500 LED streetlights with close circuit cameras and would serve as a deterrent to similar incidents. He also ordered Destura to conduct checkpoints. The post ‘Go to authorities, not to social media’ — Valenzuela mayor on latest road rage incident appeared first on Daily Tribune......»»