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Fruits for New Year: Vendors say sales still slow but expected to pick up by Dec. 28
CEBU CITY, Philippines — In welcoming the New Year, it has been part of the tradition to prepare 12 to 13 fruits for Media Noche. CDN Digital visited and checked the situation at the Carbon Public Market in Cebu City on Dec. 27, just five days before the year 2024. READ: Presyo Merkado: Current prices.....»»
‘Consumer spending to pick up next year’
Consumer spending in the Philippines is expected to pick up further next year on the back of easing inflationary pressures and healthy employment, according to BMI Country Risk & Industry Research......»»
Republicans pick ‘novice’ as 4th speaker nominee
Republicans have named a fourth candidate for speaker of the United States House of Representatives and hope to end two weeks of party division and a leaderless lower chamber. Louisiana’s Mike Johnson won an internal party vote just hours after previous nominee, Majority Whip Tom Emmer, buckled under a backlash led by former President Donald Trump and announced his withdrawal. Johnson — the vice chairman of the conference but a relative novice in politics — lost out to Emmer earlier in the day but quickly threw his hat back in the ring after his leadership colleague bowed out. Only 128 of Johnson’s colleagues voted for him in the final round of balloting, according to US media — with 29 preferring his rival, Florida lawmaker Byron Donalds, and another 44 casting their votes for someone else entirely. Like Johnson, Emmer had baselessly sown doubt over the validity of Biden’s 2020 election win over Trump, but supporters of the former president were angered by the majority whip voting to certify the result. Trump took to his Truth social website to brand Emmer a “globalist RINO” — short for “Republican in name only.” If Johnson were to succeed where his colleagues have failed, he would be the least experienced speaker in more than a century, having never chaired a committee or held a top leadership role. Moving up to the House from state-level politics only in 2017, Johnson could find himself presiding over a government shutdown in three weeks unless he can cut a 2024 budget deal with much more seasoned negotiators in the White House that is acceptable to his party. He would also be expected to lead the deeply fractured conference through upcoming fights over funding for Ukraine and Israel in their conflicts with Russia and Hamas. Tuesday’s disarray marked two weeks since the party’s first nominee to replace Kevin McCarthy, House Majority Leader Steve Scalise, withdrew as it became clear he was nowhere near the 217 votes needed to be elected. Hard-line Trump ally Jim Jordan, the next nominee, flopped three times on the House floor as successively larger tallies of Republican opponents joined the Democrats to reject him. The post Republicans pick ‘novice’ as 4th speaker nominee appeared first on Daily Tribune......»»
‘Mind-blowing’: Astronomers spot most distant radio burst yet
Eight billion years ago, something happened in a distant galaxy that sent an incredibly powerful blast of radio waves hurtling through the universe. It finally arrived at Earth on June 10 last year and -- though it lasted less than a thousandth of a second -- a radio telescope in Australia managed to pick up the signal. This flash from the cosmos was a fast radio burst (FRB), a little-understood phenomenon first discovered in 2007. Astronomers revealed on Thursday that this particular FRB was more powerful and came from much farther away than any previously recorded, having travelled eight billion light years from when the universe was less than half its current age. Exactly what causes FRBs has become one of astronomy's great mysteries. There was early speculation that they could be radio communication beamed from some kind of extraterrestrial, particularly because some of the signals repeat. However scientists believe the prime suspects are distant dead stars called magnetars, which are the most magnetic objects in the universe. Ryan Shannon, an astrophysicist at Australia's Swinburne University, told AFP it was "mind-blowing" that the ASKAP radio telescope in Western Australia had spotted the radio burst last year. 'Lucky' "We were lucky to be looking at that little spot in the sky for that one millisecond after the eight billion years the pulse had travelled to catch it," said Shannon, co-author of a study describing the find in the journal Science. The FRB easily beat the previous record holder, which was from around five billion light years away, he added. The pulse was so powerful that -- in under a millisecond -- it released as much energy as the Sun emits over 30 years. Shannon said that there could be hundreds of thousands of FRBs flashing in the sky every day. But around a thousand have been detected so far, and scientists have only been able to work out where just 50 came from -- which is crucial to understanding them. To find out where the latest radio burst -- dubbed FRB 20220610A -- came from, the researchers turned to the Very Large Telescope in Chile. It found that the signal originated from a particularly clumpy galaxy that may have been merging with one or two other galaxies, which could in turn have created the bizarre magnetar. Shannon emphasised that this was just the team's "best hunch". FRBs have been detected coming from unexpected places, including from within our own Milky Way galaxy, so "the jury's still out" on what causes them, he said. Aside from trying to uncover the secrets of FRBs, scientists hope to use them as a tool to shed light on another of the universe's mysteries. Where's the matter? Just five percent of the universe is made up of normal matter -- what everything you can see is made out of -- while the rest is thought to be composed of the little understood dark matter and dark energy. But when astronomers count up all the stars and galaxies in the universe, more than half of that five percent of normal matter is "missing", Shannon said. Scientists believe this missing matter is spread out in thin filaments connecting galaxies called the cosmic web, however it is so diffuse current telescopes cannot see it. That's where fast radio bursts come in. They are "imprinted with the signature of all the gas they travel through", Shannon said. Some FRB wavelengths are slightly slowed down when travelling through this matter, giving scientists a way to measure it. This could allow them work out how much matter is in the cosmic web -- and therefore, the total weight of the universe. For the record-breaking FRB, Shannon said the team had noticed signals of "extra materials" the burst had passed through on its journey through the universe. But to use this information to get a proper measurement of the universe's weight, hundreds more FRBs will likely need to be observed, he added. With much more advanced radio telescopes expected to go online soon, astronomers hope that will happen relatively quickly. Liam Connor, an astrophysicist at the California Institute of Technology not involved in the research, told AFP that future radio telescopes will find tens of thousands of FRBs, allowing scientists to weigh all the matter "across cosmic epochs". The post ‘Mind-blowing’: Astronomers spot most distant radio burst yet appeared first on Daily Tribune......»»
Vietnam economy grows 5.3% in third quarter
Vietnam's economy grew 5.3 percent on-year in the third quarter, official data showed Friday, though experts warned it was on course to miss an ambitious year-end target. Loan interest rate reductions, an extension of tax payments and increased public investment had a positive impact, the General Statistics Office said. But analysts warn it will be an uphill battle for the clothing, shoes and electronics manufacturing hub to reach a year-end target of 6.5 percent expansion for 2023. "Vietnam would only reach a year-end economic growth of between 4.5 percent and 4.7 percent, much lower than the government's set target," Rong Viet Stocks Company chief economist Tran Thi Ha My told AFP. "Growth for the fourth quarter is expected to be at around six percent... largely thanks to improved industrial production and exports." According to GSO, a slump in demand hit the country's exports. One of Vietnam's largest shoemakers for brands such as Nike, Adidas and Reebok announced in August it would cut jobs for the third time this year. Vietnam earned nearly $260 billion in the first nine months from exports. The communist state has long been a success story among Asian economies and in 2022, its economy grew eight percent. The Asian Development Bank predicts 5.8 percent growth for Vietnam's year-end figure, "mainly due to weak external demand". "Weak external environment, including from a subdued recovery in the People's Republic of China, has hampered export-led manufacturing, thus shrinking industrial production in Vietnam," the bank’s Vietnam country director Shantanu Chakraborty said this week. "The economy remains resilient, and recovery is expected to pick up in the near term, driven by strong domestic consumption, which is supported by moderate inflation, an acceleration of public investment and improved trade activities." The GSO reported that 776,000 more laborers in Vietnam have found jobs since the beginning of the year, compared with the same period last year. Average monthly income was around $288, nearly seven percent higher, GSO said. The post Vietnam economy grows 5.3% in third quarter appeared first on Daily Tribune......»»
Terrafirma makes Holt top PBA Draft pick
As expected, Stephen Holt is the No. 1 pick of this year’s PBA Draft......»»
Super Typhoon Saola sweeps towards southern China megacities
Tens of millions of people across southern China hunkered down Friday as Super Typhoon Saola swept toward the megacities of Hong Kong and Shenzhen, forcing the cancellations of hundreds of flights, shutting businesses, and closing schools. Packing sustained wind speeds at 210 kilometers (130 miles) per hour as it moved toward Hong Kong, Saola could be one of the most powerful typhoons to hit Guangdong if it makes landfall in the province. By 11 am (0300 GMT), it was 180 km east-southeast of Hong Kong, where the stock market canceled trading because of the T8 signal -- the city's third-highest typhoon warning level. By late morning, neighboring Shenzhen in Guangdong announced the suspension of work, businesses, and market activity from 4 p.m., while transportation will be halted in the evening. "Apart from emergency response personnel and livelihood protection personnel, people are advised not to go out," said the emergency response department of Shenzhen, a city of 17.7 million. "The city will open all shelters for the public to take refuge." Authorities had already issued the highest typhoon warning for the storm, which Chinese state media said would make landfall "in the coastal areas stretching from Huilai to Hong Kong" on Friday afternoon or evening. Across the mainland border in Hong Kong, the city's weather observatory warned that Saola could skirt within 100 kilometers south of the territory, causing a storm surge around Victoria Harbour. "There may be serious flooding," it said, adding that the eastern coastal areas could see water levels reach the heights of 2018 when Typhoon Mangkhut hit Hong Kong and injured more than 300 people. Streets were deserted as a drizzle blanketed Hong Kong Island, with wind and rain expected to pick up later. Businesses and homes around Hong Kong duct-taped glass displays and windows, while office buildings near the harbor barricaded their entrances to prevent water damage. Surfers took advantage of the high winds -- expected to reach 63 kilometers per hour -- and tackled the huge waves generated by the coming typhoon at a Hong Kong beach. Flights mostly normal A direct hit on Hong Kong is rare, but the observatory said it would "assess the need to issue higher tropical cyclone warning signals" in the evening -- with the possibility of raising the threat level to the highest "T10". Hong Kong's airport authority said the morning departing flights were "mostly normal" but from 2 pm, arriving and departing flights have "basically been canceled". "As of now, we have had 366 flights canceled and 40 flights delayed... Thanks to the support of airlines and our various service providers, we could ensure that 600 flights today operated normally," Wing Yeung, general manager of Airport Authority terminal operations, told reporters. Hong Kong's flagship airline Cathay Pacific had already canceled all flights in and out of Hong Kong between 0600 GMT Friday and 0200 GMT Saturday. Its subsidiary, budget airline HK Express, announced it was canceling 70 Friday and Saturday flights in and out of Hong Kong. Saola displaced thousands earlier this week as it passed the northern Philippines, but no direct casualties have been reported so far. Southern China is frequently hit in summer and autumn by typhoons that form in the warm oceans east of the Philippines and then travel west. While they can cause temporary disruption to cities like Hong Kong and Macau, fatalities have become much less common thanks to stronger building codes and better flood management systems. The post Super Typhoon Saola sweeps towards southern China megacities appeared first on Daily Tribune......»»
Hong Kong grounds flights, closes stock market as Typhoon Saola nears
Hong Kong grounded flights, shut down its stock market, and closed schools on Friday as Super Typhoon Saola barrelled towards China's southern coast. The finance hub issued a T8 threat warning -- the city's third-highest -- around 2:40 am, and the city's bourse said the" morning trading sessions for all markets will be canceled". Saola's wind speeds topped 205 kilometers (127 miles) per hour as it came within 230 kilometers east-southeast of the financial hub around 8:00 am local time (0000 GMT), Hong Kong's observatory said. It will bring "heavy squally showers and violent winds", the observatory said, adding weather would "deteriorate rapidly" throughout the day. Streets were deserted Friday morning as a light drizzle blanketed Hong Kong island, with wind and rain expected to pick up later. A direct hit on Hong Kong is rare, but the observatory said it would "assess the need to issue higher tropical cyclone warning signals" in the evening. Airline Cathay Pacific said it canceled all flights in and out of Hong Kong between 0600 GMT Friday and 0200 GMT Saturday. Its subsidiary, budget airline HK Express, announced it was canceling 70 Friday and Saturday flights in and out of Hong Kong. On China's mainland, authorities issued the highest typhoon warning for the storm, which state media said would make landfall "in the coastal areas stretching from Huilai to Hong Kong" on Friday afternoon or evening. Guangdong province also declared a windstorm emergency level I -- the highest level of emergency response. Several cities delayed the start of the school year as a precaution. China's transport ministry has deployed 16 rescue-and-salvage ships and nine rescue helicopters to areas set to be hit by the storm, state news agency Xinhua said. Saola displaced thousands earlier this week as it passed the northern Philippines, but no direct casualties have been reported so far. Authorities in Hong Kong's neighboring casino hub of Macau said they were eyeing the possibility of issuing the city's third-highest typhoon warning on Saturday. Southern China is frequently hit in summer and autumn by typhoons that form in the warm oceans east of the Philippines and then travel west. While they can cause temporary disruption to cities like Hong Kong and Macau, fatalities have become much less common thanks to stronger building codes and better flood management systems. The post Hong Kong grounds flights, closes stock market as Typhoon Saola nears appeared first on Daily Tribune......»»
Chinese carmakers confront European industry at Munich show
Chinese manufacturers will be out in force at next week's IAA auto show, one of the industry's biggest, revving their new electric models on the turf of German carmakers, which have been lagging in the e-mobility race. Elon Musk's Tesla, usually a hold-out from such events, will also make an appearance at the show in Munich, joining the jostle to steal the spotlight from Europe's biggest brands. The industry fair, which opens Tuesday with a speech from Chancellor Olaf Scholz, comes with clouds gathering for the automotive sector in Europe and in particular, Germany. While suffocating supply chain problems have eased from the pandemic years, European auto giants are struggling to cope with increased energy costs in the wake of the Russian invasion of Ukraine last year. Although sales in the European Union have steadily improved over the last 12 months, they remain around 20 percent below their pre-coronavirus levels as inflation and higher interest rates dampen appetite for new vehicles. At the same time, European manufacturers are facing increasingly stiff competition from Chinese carmakers which are touting their vehicles at far lower prices. Local upstarts have captured an increasingly large part of the prized Chinese market and are threatening to dominate the growing trade in electric vehicles. Chinese groups were starting "their assault on Europe with the IAA", said industry analyst Ferdinand Dudenhoeffer from the Center Automotive Research in Germany. "The IAA 2023 maps out a new automobile world in Europe. Competition will be tougher. After the Chinese battery factories, their automobile makers are coming," he said, calling it a "turning point" for the industry. In all, 41 percent of exhibitors at the industry fair have their headquarters in China, including brands such as BYD and Leapmotor which will hope to steal the spotlight from German giants Volkswagen, BMW, and Mercedes-Benz. Contrary to the Asian onslaught, participation from other European makers is muted. Opel will be US-European conglomerate Stellantis's lone ambassador in Munich, while Renault is showcasing only its eponymous marque at the show. In contrast, Musk's Tesla was slowly falling in line with traditional manufacturers as "the brand that doesn't do marketing begins to do exactly that" with its first appearance at the IAA, said independent analyst Matthias Schmidt. - Petrol protest - Over the week, around 700,000 visitors are expected to attend the show, split between exhibition halls and the city center. The move away from combustion engines to electric vehicles -- and the bigger climate question -- will take center stage inside and outside the exhibition halls. As carmakers roll out their latest offerings, climate groups have vowed protests at the fair, including "civil disobedience" aimed at disrupting the IAA. The last edition of the show in 2021 was already troubled by small-scale protests. This time around, some 1,500 people are expected at a camp in a suburban Munich park promoting a "revolution in mobility". Car manufacturers were "destroying the lives of countless people worldwide with their growth imperative", one of the climate groups said ahead of the fair. Automotive groups have not helped their case recently by recording massive profits on the back of strong inflation. Manufacturers -- particularly those at the high end of the market -- have been able to benefit from rising prices to boost their margins. A growing climate consciousness movement is increasingly pitting environmental activists against carmakers. Mindful of society's changing views on automobiles, the IAA upped sticks from Frankfurt to Munich in 2021 and restyled itself as a festival for all forms of "mobility" -- bringing bikes and scooters into the fold. As well as cleaning up its image, the move was an attempt to reinvigorate traditional motor shows. The marquee events have struggled to attract manufacturers, who are doubtful that they create enough publicity to be worth the bother. In 2022, the Paris Motor Show saw visitor numbers dwindle, as it was cut in length from two weeks to one. Many big European names, such as Volkswagen, BMW, and Ferrari were absent from the French fair, to which Chinese carmakers like BYD by contrast turned up. The post Chinese carmakers confront European industry at Munich show appeared first on Daily Tribune......»»
Taylor Swift announces film of massive ‘Eras’ tour
Didn't score tickets for Taylor Swift's "Eras" tour? Never fear -- the culturally defining juggernaut will hit movie theaters with a concert film released on 13 October. "The Eras Tour has been the most meaningful, electric experience of my life so far and I'm overjoyed to tell you that it'll be coming to the big screen soon," Swift said on social media Thursday. "Eras attire, friendship bracelets, singing, and dancing encouraged." The giant AMC movie chain is vowing that each of its theaters across the United States will play the film at least four times a day on Thursdays, Fridays, Saturdays, and Sundays. Tickets are on sale now. The company said it had upgraded its website and ticketing services to "handle more than five times the largest influx of ticket-buying traffic the Company has ever experienced before." "But AMC is also aware that no ticketing system in history seems to have been able to accommodate the soaring demand from Taylor Swift fans," the statement added, warning that customers may experience delays and outages. Earlier this year botched sales for Swift's wildly popular tour wreaked havoc, prompting a congressional hearing over Ticketmaster's purported anti-competitive practices. And while "Eras" tickets reached thousands of dollars, fans will be able to nab movie viewings at $19.89 for adults, $13.13 for children and seniors, plus tax. As of Thursday morning, the website for AMC showed that opening weekend tickets in the New York area was already close to selling out. A few hours after Swift's announcement, the release of Universal's sequel to the horror classic "The Exorcist" was pushed up a week to avoid clashing with the concert film. "Look what you made me do. The Exorcist: Believer moves to 10/6/23 #TaylorWins," producer Jason Blum posted on X, the platform formerly known as Twitter. The 33-year-old Swift wrapped the North American leg of her global tour with four shows in Mexico and will pick back up in Argentina in November, with plans to tour into the end of 2024. With 146 total stadium dates, it is expected she will set the record for the first billion-dollar tour, with trade publication Pollstar estimating she's selling some $14 million in tickets per show. Swift's team does not report box office numbers. The current record-holder is Elton John, whose "Farewell Yellow Brick Road" tour, which began in 2018, ultimately made $939 million. The post Taylor Swift announces film of massive ‘Eras’ tour appeared first on Daily Tribune......»»
Managers: Phl remains on track
Despite the lackluster 4.3 percent in the second quarter, growth this year is expected to reach the target range of 6 percent to 7 percent gross domestic product expansion, according to Finance Secretary Benjamin Diokno. “To do this, we will expedite the implementation of government programs and projects, to provide fiscal stimulus to increase the productive capacity of the public and private sectors and address the adverse recent impacts of typhoons.” Diokno added. Economic managers gathered in Fort Ilocandia in Laoag City to hold the Post-State of the Nation Economic Briefing that discussed the country’s economic situation and plans on 14 August. Diokno said in 2022, GDP increased 7.6 percent from 5.7 a year ago and a 9.5 percent contraction in 2020. Diokno said the economic team is determined to pick up government expenditure in the third and fourth quarters. Revenue collections remain robust from January to June as these totaled P1.9 trillion up 7.7 percent or P132.6 billion year-on-year which is also higher than the mid-year program by 2.7 percent. Hence, Diokno said they have already pipelined 194 infrastructure flagship projects worth P8.3 trillion of which 132 are located in Luzon that will address irrigation, water supply, flood management, agriculture, digital connectivity, physical connectivity, health, and power and energy. Diokno also highlighted some of the projects like the Laoag International Airport Development Project, the EDSA Greenways, the TPLEX Expressway Expansion Project, the Laguna Lakeshore Road Network Project, the Ilocos Norte-Sur-Abra Irrigation Project, and the Naga Airport Development Project. “The Philippines is determined to be a world leader in the race to net zero and the Ilocos Region will be a strategic partner in this mission. Dubbed to be the renewable energy capital of South East Asia, Ilocos Norte is emerging to be a promising player in the clean energy arena. Being home to the first and largest wind farms in the country,” Diokno stressed. In his address, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr., said from a peak of 8.7 percent in January, headline inflation slowed to 4.7 percent in July due to improving domestic food supply conditions and lower global oil prices. However, he also admitted that core inflation remains high at 6.7 percent although it has already started to decline due to the monetary tightening. The BSP has responded to inflation by aggressively raising its policy rate, as of today, the BSP has raised policy rates by 425 basis points. Prices reined in “The good news is that inflation expectations are still well anchored. The markets continue to believe that we will hit our target range by 2024 and stay there in 2025,” Remolona said. Budget Secretary Amenah Pangandaman also gave an update on the use pf the budget for 2023. Pangandaman said at the end of July, the total amount of the national budget that has been released already is around 93 percent. “And we expect all our government agencies including all the cabinet members present here, to spend your budget so we can help grow the economy,” Pangandaman said. While for next year, the government budget will amount to 5.768 trillion and it is 21.7 percent of the GDP it has already been submitted to Congress last August 2 and the budget is expected to be passed earlier than expected. The National Economic Development Authority said it wanted to lower the poverty level to single digit. For Socioeconomic Planning Undersecretary Carlos Bernardo Abad Santos, the government has effective regional development plans. In the Ilocos Regional Development Plan from 2023-2028, the NEDA expects the Ilocos region to have a 7 percent to 7.5 percent growth while lowering the poverty incidence by 7.3 percent. ‘Build, Better, More’ under BBM;s watch Public Works Secretary Manuel Bonoan said the “Build, Better, More” program of President Ferdinand “Bongbong” Marcos Jr. is very much aligned with the medium-term development plan for 2023 to 2028 and is consistent with the 8-point economic agenda of the president. Bonoan said that from July 2022 to May 2023, the DPWH has built, maintained, rehabilitated, widened, and upgraded 4,082 kilometer of roads, 497 bridges, built 2,103 flood control projects, 55 evacuation centers, 216 kms farm to market roads, 8 kilometers of farm to mill roads, 138 kilometers tourism roads, 18 kilometers of roads to seaports, railway stations, and airports, 4,038 classrooms, and 6,002 rainwater collector system. “Because of climate change, we have to address and be building and developing resilient and sustainable communities in the 18 major river basins in the country,” Bonoan said. Some of the major projects that the department would like to continue are converting the Daang Maharlika which is actually now Asian Highway 26 which starts in Laoag City and will go around Cagayan Valley and has extended all the way to Zamboanga City. Bonoan says that they want to convert this backbone of the national highway into seamless travel. “In other words, there should be no major stops along the way, along this Maharlika highway,” Bonoan said. Bonoan said they’re going to build 12 major bridges, and the first bridge is the Cavite-Bataan Interlink bridge with a span of more than 32 km. Should it be completed, this will be the second-longest bay bridge in the world. The department also plans to start the Luzon Spine Expressway which will run from Laoag City to Bicol, Bonoan says that this will be 1,073 kms more. As for Transportation Secretary Jaime Bautista, major Department of Transportation projects like the New Manila International Airport in Bulacan, Metro Manila Subway, EDSA Greenway Projects, EDSA Busway, MRT-3 Rehabilitation, LRT-1 Cavite, LRT-2 West Extension, MRT-7, and the modernization and capacity expansion of the Ninoy Aquino International Airport are proceeding. For the Department of Information and Communications Technology Ivan John Uy, there is already a cybersecurity plan for 2023 to 2028 which is a consolidated output of all the stakeholders in designing which includes the best practices all over the world. “We’ve ramped up in our cybercrime detection, we are busting cybercrime syndicates all over the country especially those that are dealing with scammers,” Uy said. Uy said agency is also enhancing cybersecurity status by designing courses to upgrade cybersecurity professionals. He admits that worldwide, there is a 3 million job vacancies on cyber security. DICT said by the end of the year, the department will have Two Terabits of capacity from Ilocos Norte, Ilocos Sur, La Union, Pangasinan, Tarlac, Nueva Ecija, Bulacan all the way to Manila and we should expect very good Internet connectivity by the start of next year especially on the Luzon area. These structures also open opportunities to data centers and BPOs along the places mentioned which produces employment. DICT expects that foreign investment opportunities and interest in those areas will boom. The post Managers: Phl remains on track appeared first on Daily Tribune......»»
Hawaii fire death toll nears 100, anger grows
The death toll in Hawaii from the deadliest US wildfire in more than a century was expected to cross the 100-mark Sunday, fueling criticism that an inadequate official response contributed to the heavy loss of life. Officials updated the toll to 93 late Saturday but warned the figure was likely to rise as recovery crews with cadaver dogs continued the grim task of searching burned-out homes and vehicles in the epicenter of Lahaina. The historic coastal town on the island of Maui was almost completely destroyed by the fast-moving inferno early Wednesday morning, with survivors saying there had been no warnings. When asked Sunday why none of the island's sirens had been activated, Hawaii Senator Mazie Hirono said she would wait for the results of an investigation announced by the state's attorney general. "I'm not going to make any excuses for this tragedy," Hirono, a Democrat, told CNN's "State of the Union." "We are really focused, as far as I'm concerned, on the need for rescue, and, sadly, the location of more bodies." More than 2,200 structures were damaged or destroyed as the fire tore through Lahaina, according to official estimates, wreaking $5.5 billion in damage and leaving thousands homeless. "The remains we're finding are from a fire that melted metal," said Maui Police Chief John Pelletier. "When we pick up the remains... they fall apart." Among the ruins in Lahaina, a town of more than 12,000 and the former home of the Hawaiian royal family, an iconic, 150-year-old banyan tree remained standing but severely burned, AFP journalists saw. President Joe Biden said on Sunday he was "looking at" the possibility of visiting the island. Questions over alert system The wildfire is the deadliest in the United States since 1918, when 453 people died in Minnesota and Wisconsin, according to the non-profit research group the National Fire Protection Association. The death toll surpassed 2018's Camp Fire in California, which virtually wiped the small town of Paradise off the map and killed 86 people. Maui suffered numerous power outages during the crisis, preventing many residents from receiving emergency alerts on their cell phones. No emergency sirens were sounded, and many Lahaina residents have spoken of learning about the blaze because of neighbors running down the street. "The mountain behind us caught on fire and nobody told us jack," resident Vilma Reed, 63, told AFP. "You know when we found that there was a fire? When it was across the street from us." Reed, whose house was destroyed by the blaze, said she was depending on handouts and the kindness of strangers while sleeping in a car with her daughter, grandson, and two cats. In its emergency management plan last year, the State of Hawaii described the risk wildfires posed to people as being "low". Some residents who fled the flames have also expressed anger at a roadblock put up preventing them from returning to their homes. Maui police said members of the public would not be allowed into Lahaina while safety assessments and searches were ongoing -- even some of those who could prove they lived there. Some residents waited for hours hoping to be allowed in to comb through the ashes or look for missing pets or loved ones. When asked about growing anger at the response, Hirono told CNN she understood the frustration because "we are in a period of shock and loss." Maui's fires follow other extreme weather events in North America this summer, with record-breaking wildfires still burning across Canada and a major heat wave baking the US southwest. Europe and parts of Asia have also endured soaring temperatures, with major fires and floods wreaking havoc. Scientists say human-caused global warming is exacerbating natural hazards, making them both more likely and more deadly. The post Hawaii fire death toll nears 100, anger grows appeared first on Daily Tribune......»»
Idolizing Danny Dolor (The man I might have been if I had at least P500 million)
Here’s sharing with you Cyber Proust’s (now Proust Redux) winning piece when he joined the 2010 Philippine Star Lifestyle Journalism Contest sponsored by Rustan Commercial Corporation and the Stores Specialists, Inc. The announcement called for feature articles, as many as one could submit, about heroes, dead or alive. Cyber Proust submitted three — one about his mother; another about a blogger who tells stories about his clan and people like them, making for a good read for people interested in Philippine upper class but not necessarily high society; and this one, about Danny Dolor, Cyber Proust’s patron and benefactor when Cyber Proust had not yet declared himself rich. Here goes: My hero, my icon, the man I’d rather be When people are asked who they want to be if they ever get the chance to live their lives all over again, they almost always say they want to be the same person. If you ask me the same question, I’d have the same answer, only because I want to keep the same set of parents. But if I could keep my Dad and Mom, and still be someone else, I’d look at you straight in the eye, and declare, I want to be Danny Dolor. I can think of a hackneyed thousand and one reasons why I prefer to breathe and eat and live like Sir Danny, but let me stick to the quintessential five. First, he is rich which we all want to be. He is an art lover which I profess to be. He is a trailblazer even if he is a Libran who prefers balance, while I am an Arian who always wants to be the first. He was a good son who took care of his mother in her old age, which every good son should do especially if he were single. I am single, but I was always away from home, too busy changing and finding writing jobs. The closest I got to emulating Sir Danny was spending endless nights conversing with my mother whenever I was home during Christmas breaks. Sir Danny, on the other hand, never travelled abroad because he wanted to be by his mother’s side every night of the year. When he visited Lipa, their hometown, he would pick up his mobile phone to check on his mother and sister Fe in their Makati home, rattling off his orders to their yaya — check their temperature, don’t forget the medicine after their merienda, and so on. Finally, Danny Dolor is a good Catholic who hears Sunday Mass, fingers his beads when in the car, and joins the procession on Good Friday beside his own Mater Dolorosa. How I wish I could give away lands on which to build churches, donate thousands of portfolio bags for priests attending their annual convention, and build a museum in honor of a townsman, Alfredo Maria Obviar, who may yet be the first Filipino bishop to be beatified and, in God’s time, canonized. First conversation I am lucky to have an icon whom I have seen up close. I have seen Danny Dolor when he goes into a trance as he describes his first conversation with National Artist Atang de la Rama, to whom he became a friend and confidante, or fits of laughter as he recalls the usually funny repartee between his friends Sylvia La Torre and Oscar Obligacion when the latter was still alive. For all the secrets and fun times we have shared, I stick to calling him Sir as I did the first time I interviewed him in his thickly-carpeted, air-conditioned and perfume-smelling den. I had known about the man before I ever met him. I knew about his Tribung Pinoy which concertized all over the country in the late 1970s all the way to the mid 1980’s. I never saw them perform in person, but I read about Danny Dolor and his gang of sopranos, tenors and baritones who rendered their harana, danza, balitaw and, of course, kundiman, in schools and churches, and quixotic venues like the Culion Leper Colony in Palawan, the mental hospital and the women’s correctional where the patients and inmates cried, sang, danced and thanked him because no one ever came to sing for them. The path-breaking Danny Dolor also produced the first ever concert at the Cultural Center of the Philippines featuring an all-Filipino-traditional-music repertoire. Danny Dolor’s house, at that time when I interviewed him, was along Tamarind corner Banaba in uppity Forbes Park. In the den, paintings, sculptures, plaques, and trophies vied for the attention of first-time guests. I immediately liked a Zalameda portrait of a basketball player, but what impressed me was a plaque with Latin inscriptions which, my host explained to me, was his papal award. He next brought me to the lanai, thrice as large as the den, where beside the lacquered opium bed stood a gigantic St. Joseph. He showed me a life-size oil portrait of Charito Solis, Ramon Valera ternos worn by Gloria Romero and his sister Fe, and original drawings of Darna by Mars Ravelo. The man, who knows his art, takes pride in his penchant for everything Filipino. It is an interest that goes a long way back to his childhood during the Japanese occupation. In the family hacienda where they evacuated, he listened to the farmers sing native songs. In grade one a year or two later, the young Danny sang Bayan Ko before his classmates, to the shock of the teacher who probably expected Jack and Jill. When Sir Danny was in grade school, he watched Filipino films in the movie houses along Rizal Avenue. As a high school student, he listened to the Mabuhay singers over the radio. In college, he watched Tawag ng Tanghalan on television. Is it any wonder that he should mount a best-selling exhibit of movie ads from the golden years of Philippine cinema? Or that he has maintained, for more than ten years, a column in the Philippine Star, “Remember When?” featuring the movie stars and great musical talents of yesteryears? Danny Dolor is unique in that he straddles the worlds of show business and high society, which many find incompatible. Not with him who has produced movies, including Indie films, and concert tributes honoring luminaries of the silver screen like Director Hermogenes Ilagan and movie queen Carmen Rosales. His involvement in the upper strata, on the other hand, is never without a good reason. For example, he collaborated with the socialite businesswoman Nedy Tantoco in organizing the best-selling Ramon Valera retrospective exhibit. If he is chummy with the grand dame Imelda Cojuangco that’s because he is a loyal and trusted officer the Cofradia de la Inmaculada Concepcion, of which she is the chair. Every year, come Feast of the Immaculate Conception, they gather hundreds of children from depressed areas to receive their first holy communion. Imagine the mix For all of these, he takes a break from his duties as chairman of various companies that include a hospital, hotel, educational institution, bank and subdivisions. Imagine the mix — movies, music, church, business and high society. And he dances the Rigodon too. How can one not desire such completeness? There’s something though he’d rather not be said about him. In my times of need, he does not hide under his canopied bed, and in the milestones of my life, he gives me a thick red envelope. Once I ran out of cash to pay my rent, I called him up and told him that if only I could touch the tip of his pants, I was sure to have what I needed. Scolding me first for being such a cheap copy of the woman in the bible, he said Yes to my pleadings, while reminding me to help him prepare another souvenir program for yet another concert tribute for another forgotten gem of Philippine music. The man does not believe in outright charity. Not to me, anyway. And while he is patient with me, he insists that I “fix” my life for “all these things you delight in will soon come to pass” and “if you do not take care of yourself, who will?” and so on. From his mother, he passes on a classic gem, “Never do anything that people will notice from afar,” a rough translation of “Huwag kang gagawa ng kahit anong matatanaw mula sa malayo.” In short, don’t be a show-off. My hero and icon, Danny Dolor, is not only a model for living the successful and well-lived life that I dream about. He is also a saviour, a mentor and an angel who, despite the “professional distance” we keep between us as a “client” and as a “talent,” if the relationship must breed results, has come closest to being my “Tito” and best friend. Sir Danny will not be pleased with this article. He will think that I need to borrow money from him again. The post Idolizing Danny Dolor (The man I might have been if I had at least P500 million) appeared first on Daily Tribune......»»
EU presses free trade agreement with Phl
The European Union and the Philippines will cooperate to provide the "right conditions" for the free trade deal, President of the European Commission Ursula von der Leyen said on Monday. In a joint statement following a meeting with President Ferdinand Marcos Jr. at the Malacañang Palace, von der Leyen pressed for adopting a bilateral FTA as the EU and the Philippines "can do so much more" in terms of trade. "So I'm very glad that we have decided to relaunch negotiations for free trade agreement," von der Leyen said. "Our teams will get to work right now on setting the right conditions so that we can get back to the negotiations. A free trade agreement has huge potential for both of us in terms of growth and in terms of jobs," she added. Von der Leyen also said that the FTA could be a "springboard for a new technology cooperation to modernize the broader economy." She mentioned that the EU wants to accelerate such cooperation with the Philippines to “derisk its trade relations” with other countries such as China and Russia. “We have all learned the hard way the cost of economic dependencies. We need to diversify our supply lines and make them resilient,” Von der Leyen said. Trade Secretary Alfredo Pascual said that talks on a free trade deal between the Philippines and the EU are expected to pick back up before the year is through. The Philippines and the EU initiated preliminary FTA discussions in 2013, and formal negotiations officially commenced in December 2015. In 2016, the first round of FTA discussions were held in Brussels, Belgium, while 2017 saw the second round in Cebu, Philippines. The FTA negotiations have subsequently ceased. Pascual said in March that FTA negotiations with the EU might be resumed. The post EU presses free trade agreement with Phl appeared first on Daily Tribune......»»
Malnutrition, hunger shade Phl growth
The Asian Development Bank’s outlook for the Philippines remains unchanged since April, maintaining that the country’s economy would expand by 6.0 percent for the remainder of the year and grow by 6.2 percent in 2024. In April, Kelly Bird, ADB country director for the Philippines, noted that the economy was in expansion mode after the gross domestic product grew 7.6 percent throughout 2022. “It (Philippine economic growth) is expected to moderate this year (2023) from the previous year’s forecast-beating outturn, but will remain on a healthy expansion mode underpinned by rising domestic demand and a recovery in services, particularly tourism,” he said. In the latest update of its quarterly Asian Development Outlook 2023 report, the ADB said domestic demand and services continue to drive growth in Southeast Asia, with many economies in the region, including the Philippines’, benefiting from strong tourism recovery. It said robust investment and private consumption, along with rising employment, growth in production and retail sales, and upbeat activity in private and public construction, is propelling the Philippine economy forward, making the country a strong candidate for the fastest-growing economy in the region in 2023, even surpassing Singapore’s and Vietnam’s. Filipinos look forward to ADB’s forecast that growth will remain strong, albeit slowed by global headwinds, high inflation, and tighter monetary policy. GDP growth should pick up even more as the external environment improves. Hopes are pinned on private consumption and investment to continue to expand, though easing from 2022’s brisk pace while household spending will be buoyed by rising employment and steady remittances from Philippine workers overseas. The bank’s outlook on the Philippine economy should get President Marcos into a pumped-up mood as he gets ready to address the country in his 2nd State of the Nation address on Monday. But ADB’s sobering notes on hunger and malnutrition threaten to dim whatever bright disposition he may have at the moment. In its report, the ADB notes that despite rapid economic growth in recent years, these “impressive gains” along with whatever efforts to reduce poverty have not lowered hunger, particularly among people in lower income levels. The ADB cites data from the UN Food and Agriculture Organization indicating the prevalence of food insecurity in the Philippines, averaging 43.8 percent of the total population from 2019 to 2021 with 5.2 percent of the people undernourished. An Expanded National Nutrition Survey in 2021 revealed that under-nutrition rates were “very high,” with 26.7 percent of children under five years old stunted. Among school-age children (5-10 years old), the stunting rate was 19.7 percent and much higher among the poorest quintile at 32.7 percent. Alarming figures indicate that chronic malnutrition and stunting are strongly linked to disease and premature death; they adversely affect crucial stages of development (of children), causing cognitive and behavioral deficits, learning disabilities and ultimately a sub-optimal and uncompetitive labor force. The government’s response, the ADB observed, was short-term measures providing social support to vulnerable groups and temporarily easing import restrictions on some agricultural products. And this note should be of particular concern to the President, who remains unmoved by calls to designate a full-time, hands-on expert thoroughly steeped in agriculture at the agency. These data are also alarming: Agriculture growth in the Philippines has underperformed for the past two decades; it grew 3.5 percent on average annually from 2000 to 2010, then by 1.5 percent from 2011 to 2022; Agriculture’s share of GDP has declined from over 15 percent in early 2000 to an average of 9 percent in the past five years, with one-fifth of employment remaining in agriculture; and today’s Philippine agriculture labor productivity continues to lag behind its peers in the Southeast region. The ADB recommended that government strengthens food security and nutrition through social protection responses. Data on poverty incidence showed it declined from 23.5 percent of the population in 2015 to 16.7 percent in 2018 but rose again to 18.1 percent in 2021 because of the pandemic. As the President prepares to take on another year in office, we hope that the President is aware of the urgencies that need to be effectively tackled in the sector he insists on overseeing and of the sociopolitical costs and the not-so-flattering image the country — and the world — would have of his leadership if he leaves these issues substantially unresolved. The post Malnutrition, hunger shade Phl growth appeared first on Daily Tribune......»»
Asian markets struggle to match Wall Street as inflation data looms
Markets were mixed in Asia on Tuesday, with investors awaiting the release of key US inflation data later in the day that could play a big role in the Federal Reserve's keenly anticipated interest rate decision. Expectations are for the US central bank to hold fire at the end of its meeting Wednesday -- after 10 straight hikes -- as data suggested the economy remained healthy but was showing signs that the tightening measures are kicking in. Analysts said bets are on a pause for another increase next month, though they warned that a forecast-busting reading on the consumer price index could force officials to keep lifting. Optimism that borrowing costs will be held -- traders have priced in a 20 percent chance of a hike -- has helped push stocks higher this month, with the S&P 500 now in a bull market, having risen 20 percent from its October lows. "The committee is expected to skip the June meeting but still pair that with hawkish communications to counter any sense that a June pause trumpets the end of their hiking campaign," said SPI Asset Management's Stephen Innes. "However, a big upside surprise in today's CPI could move the rate hike needle for June up to and above 50-50." After a strong performance on Wall Street, Asia struggled to pick up the baton. Tokyo, Seoul, Wellington and Taipei rose but Hong Kong, Shanghai, Sydney, Singapore, Manila and Jakarta were in negative territory. The Fed decision comes as central banks around the world continue to struggle in their battle against inflation, which remains well above their two percent targets. The European Central Bank is expected to unveil another increase Thursday despite the eurozone dipping into recession, while the Bank of Japan is tipped to stand pat when it meets Friday. Canada and Australia announced increases last week. But China on Tuesday announced a small cut in its short-term lending rates as authorities try to kickstart a recovery in the economy, which has run out of steam after an initial burst seen after the lifting of zero-Covid restrictions. The move comes after figures showed inflation remained subdued and saw the yuan drop against the dollar. China's ongoing problems remained a weight on the crude market as investors fret over the impact on demand, even after Saudi Arabia's surprise decision to slash output by a million barrels a day next month. WTI is down about 15 percent this year Brent has lost around 13 percent. Both contracts edged up Tuesday but made little headway into the four percent losses suffered the day before as Goldman Sachs slashed its price forecast for the third time in six months. - Key figures around 0230 GMT - Tokyo - Nikkei 225: UP 1.6 percent at 32,946.49 (break) Hong Kong - Hang Seng Index: DOWN 0.6 percent at 19,296.53 Shanghai - Composite: DOWN 0.4 percent at 3,217.54 Euro/dollar: UP at $1.0772 from $1.0762 on Monday Pound/dollar: UP at $1.2522 from $1.2510 Dollar/yen: DOWN at 139.49 yen from 139.56 yen Euro/pound: UP at 86.04 percent from 86.00 pence West Texas Intermediate: UP 0.2 percent at $67.26 per barrel Brent North Sea crude: UP 0.4 percent at $72.11 per barrel New York - Dow: UP 0.6 percent at 34,066.33 (close) London - FTSE 100: UP 0.1 percent at 7,570.69 (close) dan/dva © Agence France-Presse The post Asian markets struggle to match Wall Street as inflation data looms appeared first on Daily Tribune......»»
Next BSP chief known ‘in next few days’ – Diokno
Finance Secretary Benjamin Diokno has listed three qualifications the new head of the central bank should possess as President Marcos is expected to take his pick in the “next few days.”.....»»
Over 36,000 people displaced by Italy floods
More than 36,000 people have now been forced from their homes by deadly floods in northeast Italy, regional officials said Saturday, as rising waters swallowed more houses and fresh landslides isolated hamlets. Violent downpours earlier this week killed 14 people, transforming streets in the cities and towns of the Emilia Romagna region into rivers. And as more rain fell, regional authorities extended the red weather alert to Sunday. Italian Prime Minister Giorgia Meloni said Saturday she was leaving the G7 summit in Japan early to deal with the emergency. "Frankly I cannot remain so far from Italy in such a complex moment," she told reporters, thanking the 5,000 people -- from rescue workers to volunteers -- mobilized to help those hit by the floods. She also thanked her fellow G7 leaders for their offers of aid. Meloni was expected to visit some of the worst-hit areas on Sunday. The authorities in Ravenna on Saturday ordered the immediate evacuation of more at-risk hamlets. A helicopter involved in attempts to restore electricity crashed Saturday near Lugo, injuring one of the four people on board, the fire service said. The floods have caused over 305 landslides and damaged or closed over 500 roads in the region. "The water began to rise at 2:00 p.m. (on Friday), coming from across the fields," after nearby canals were swollen by flooded rivers, electrician Mauro Lodola told AFP. "It's difficult. I want it to be over quickly, to be able to go forwards... to pick ourselves up," the 54-year-old said, standing thigh-high in the dirty water surrounding his house. Lodola choked up as he showed his ruined house, the water lapping around the fridge in the kitchen and against the mattress on his bed, which was piled high with salvaged furniture. Outside, a white door floated past a shed, where chickens who had been moved to safety clucked nervously. Bologna's mayor Matteo Lepore said Saturday it would take "months, and in some places maybe years" for roads and infrastructure to be repaired. The post Over 36,000 people displaced by Italy floods appeared first on Daily Tribune......»»
Katrina Ponce Enrile: A woman worthy of her name
Anyone who had come of age in the late 1970s and the 1980s would surely know about the most famous names and faces of the younger set of the era known for the coming of age of feminism and women’s lib. The 1960s may have ushered in a cultural revolution but it was in the succeeding decades that the cataclysmic events of the decade that was, in the Philippines, would manifest in the ways and attitudes of Filipino women. I mention this phase in our history because I am sharing my thoughts on one woman whom many consider as one of the country’s most powerful, influential and successful. She is Katrina Ponce Enrile. I may not privy to the growing-up years of Katrina Ponce Enrile, and I would not have the advantage of seeing her from the point of view of someone old enough to observe the growth of a child, but as a teenager, I would occasionally read about her and see her on photographs published in newspapers and magazines, although not too frequent. I just knew she was not only well-bred and beautiful in the mestiza sense being the daughter of a striking beauty of a mother (and the granddaughter of a handsome playboy of a paternal grandfather), but that, she too was brilliant. I would assume that she got her brains from her father, one of the wonder boys of the Marcos administration. Katrina would, in time, be mentioned in juicy gossip now and then, but it was her smarts in enterprise and management that she would eventually be recognized, this notwithstanding the controversial stories that one occasionally heard of her family members. [caption id="attachment_134172" align="aligncenter" width="525"] KATRINA Ponce Enrile has always lived up to her parents ‘ expectations.[/caption] ‘Treat everybody with respect’ But to imagine her childhood and teenage years, one would suppose that for all the comforts that she might have enjoyed while living first in Urdaneta and then Dasmarinas Village, she had had to assert herself, she had once been overheard to say: “At 10, I had to fight a little bit harder to be heard” -- which was expected if one were the only daughter of a famous lawyer of a father and a lovely talented mother, herself a respected stage actress. But no matter that she had to deal with being the daughter of awe-inspiring parents, what she had been showered with, aside from her parents’ affection, was well-meaning advice. For one, it was from her dad and mom that she first heard the word of wisdom. “Treat everybody with respect — everybody. Because you don’t know what fate will bring you or them. People that you meet when you are going up, you also meet when you are going down.” No wonder that years later, as a businesswoman, she was very thoughtful in making decisions whether she was dealing with other top businessmen, her executives or the employees who served the family company at her beck and call. “I always think of how my actions and decisions would affect others,” she said in an interview with the Daily Tribune Lifestyle. No, for all the feisty woman that we know her to be, Katrina, was not advised to be aggressively pro-active when facing a conflict. The legendary Juan Ponce Enrile, instead, cautioned his daughter: “Never throw the first punch. But if they throw the first punch, then…” This, she would take to heart whenever she had had to face corporate, social or emotional bullies, not that she is one to attract people prone to violating her rights. [caption id="attachment_134173" align="aligncenter" width="525"] As the only daughter of Juan Ponce Enrile, the most famous native son of Cagayan, Katrina brings to her new job an affection for the province and Cagayanos and the whole Cagayan Valley.[/caption] One imagines her father might have preferred her to be a boy, JPE being a man’s man, but to which she would have retorted: “Dad, I don’t have to be a boy to be what I am now… Girls can do it too.” Call it outright confidence, or chutzpah, or maybe it’s Pinay pride, but Katrina is not one to be cowed. And yes, she could lead and fight and attack, but as her father would most likely say: “Only if they attack first.” Self-assured executive What I have heard of Katrina, especially from my dear friend, Carol Mercado, who was her classmate at St. Paul College, is her signature confidence. “From our youth, when she could be stubborn, she has matured steadily into a self-assured executive no wonder that she has accomplish much as an entrepreneur. “It’s a paradox that while she may have been underestimated at times and even flat out rejected, she knows how to overcome these challenges because she is one creative person and she is not one to easily bow down or to say no. But then, she is not even outright assertive. She could be very charming and before any nemesis would know it, she has gotten what she wants without lifting a finger.” It would seem that the lady would have aimed for political eminence, being the daughter of the powerful JPE, but to everyone’s surprise, she had chosen to create a name outside of her inherited box (or confines), so to speak. While she takes pride in being an Enrile, she has not taken advantage of her family name as though an amulet that would do wonders for her. Instead, she has chosen to rely on the old-fashioned values of industry, respect for others, commitment and determination. She might as well be girl scout, except more courageous, daring and trailblazing. Flexing her risk-taking muscles In her 20s, when her friends were disco dancing, she was, to use another friend’s words, “flexing her risk-taking muscle and sharpening her foresight for the first time — pivotal experiences that would shape her business sense now admired by many.” She surprised everyone when, at 26, she bought properties in Palawan. “It was a big joke to many,” she recalled. “They could not see any reason I should take the risk and invest in a place where no one dared go. It was then no man’s country and perceived to be mosquito-infested.” Today, Palawan is a safe haven from the pandemic, and, of course, an investors’ paradise. On the other hand, her parents saw a promise in her, someone who would play a key role in the family enterprises. They appointed her as Group Treasurer even before her 30th birthday, and with it the added role of overseeing the many concerns of the JAKA Group of Companies. It is quite a daunting responsibility given its extensive industrial reach –- food manufacturing and product distribution to marketing and logistics; forest plantation management; safety match manufacturing, property management and development; as well as IT, security and financial services. It would seem that, for a “beginner” in the big league, it was beyond Katrina’s grasp, and yet she lived up to her parents’ expectations. [caption id="attachment_134175" align="aligncenter" width="525"] SOME of Delimondo’s best products.[/caption] In time she would qualify as the firm’s COO and eventually CEO. Not one used to trumpeting her achievements, Katrina candidly shared: “I was able to turn around the company, helping navigate it through the debilitating Asian Financial Crisis in the mid-1990s. And when the peso devalued in 2008 to 2009, when we had [a] one dollar denominated loan which I had to quickly deal with, I was able to restructure our company and keep it afloat.” Soon, she would be trusted to manage JAKA’s investments, which “allowed me to dream of bigger things, this in the midst of an economic crisis and the pressure to survive it.” Her baby Delimondo When shopping in a supermarket or a grocery, the Filipino consumers, especially those who take their corned beef seriously, would pick the Delimondo brand. They would also put the brand’s Bolognese Pasta, Luncheon Meat, Yellowfin Tuna spreads and aromatic oils in their cart or shopping bags. Katrina confides, “Delimondo was my baby and was purely our family’s venture.” Her was a one-woman team that managed the brand’s marketing, sales and R&D. To introduce it to the market, she gave away cans of their initial recipes for free. “I wanted to offer something deliciously different, one that I enjoyed from my travels abroad.” [caption id="attachment_134174" align="aligncenter" width="525"] SHE is most proud of her baby, Delimondo.[/caption] It wasn’t long before investors would come in too aware that Delimondo operates its own plants that produce and package its own products. The company would soon expand and offers its manufacturing services to other products all the way to exporting them. In time and with Katrina at the helm, JAKA shifted to investing in other companies. But if her JAKA performance is impressive, anyone should take a look at her other achievements. To cite one, as the Philippines Overseas Telecommunications Operations director and CEO/president. She led the efforts to renew the company’s franchise that would allow it to provide the Philippines satellite services. For another, as director and president, she has brought into the Montemar Resorts Development Corporation and Montemar Beach Club Inc. not only her management expertise, but her exposure to top international resorts as a frequent guest. No wonder that Manila’s well-heeled consider these resorts as standard-bearers of local luxury travel. [caption id="attachment_134171" align="aligncenter" width="525"] ‘Delimondo was my baby and was purely our family’s venture,’ said Katrina.[/caption] Transforming the upper east corner of Luzon Katrina also sits as the Cagayan Economic Zone Authority’s vice chairperson. In this role, she envisions making the province a model destination that easily rivals the country’s capital. “They’re considering appointing me as administrator. Once that post is confirmed, I will be fully committed to transforming the upper east corner of Luzon into another business area that the Philippines will be proud of.” As part of her vision, she plans to build a stronger point of economy with the available freeport and expand its potential by constructing an airport. To attract investors, she plans to boost incentives to encourage more players to relocate. “We plan to make smart cities there. I plan to make it very green. I plan to protect the lush forests. It’s really also known as the rice granary of the Philippines. I plan to push the transition from GMOs (genetically modified organism) to non-GMOs. I know that that will be a hard task but I plan to do it. I want to give the Filipinos healthy food for the next generations to come,” she states. Worthy and deserving As the only daughter of the most famous native son of Cagayan, Katrina brings to her new job an affection for the province and Cagayanos and the whole Cagayan Valley. She may have grown up in Manila, travelled the whole world, but her heart has always remained in the home of her father, Juan Ponce Enrile, and it is among his people, relatives and townsmen that she intends to pursue her next dream. There is no stopping this feisty Cagayanon. For her home province, she is out to conquer the world. But then, I must insist that this is not about being her father’s daughter, although there is no denying the great influence of JPE on Katrina becoming the woman that she has become -- strong-willed, passionate, forward-thinking. Still, Katrina could only thank herself most for being herself. That she accepted the challenges that came her way and faced them head on using her own gifts and advantages – which undoubtedly brought her to her destiny, one that she has arrived at and one that she has yet to fulfill. Indeed, if the women’s movement has reached this far, and women today now enjoy key positions in government, private sector and civil society, this may be attributed to the generations of women who have looked toward the future and embraced their destinies as key players in the affairs of humanity. Katrina is one of these women and we wish her all the best. No one could be more worthy of the challenge and deserving of the honor. The post Katrina Ponce Enrile: A woman worthy of her name appeared first on Daily Tribune......»»
The long wait is over: Nintendo’s new ‘Zelda’ hits shelves
A six-year wait came to an end for "Zelda" fans across the world on Friday as Nintendo released the long-awaited next instalment of its 40-year-old gaming saga. Gamers began lining up outside a shop in Paris well before midnight, determined to get their hands on "Tears of the Kingdom" the minute it became available. "I'm going crazy actually, because it's been six years that we've been waiting for this game," 19-year-old Taylor Meguira told AFP as he waited in line. "When 'Breath of the Wild' came out, it was a real revolution in the world of games," he added, referring to the 2017 instalment of the saga. "Knowing that there is a sequel, which is coming out in an hour or a little less, it's just incredible, it just makes me so happy." The game featuring the exploits of Princess Zelda and the elf-like warrior Link has sold 125 million copies worldwide since its first edition in 1986. It helped forge "open world" games where the player is free to roam in virtual landscapes -- an idea later taken up by games ranging from "Grand Theft Auto" to "Skyrim". But its main challenge this year will be to boost earnings for the Japanese gaming giant and prolong the life of its Switch console, which experts say is in its dotage after seven years on the shelves. Clips circulating on the internet racked up millions of views before the release and the game is expected to be "by far the biggest contributor to Nintendo's sales this year", said Serkan Toto, an analyst at Kantan Games. Yet the franchise's 1980's launch was something of a gamble for a company then best known for "Donkey Kong" and "Super Mario Bros." 'A pioneer' The first edition, "The Legend of Zelda", plunged gamers into an unknown universe largely without instructions. "The scale of the game was huge at a time when most games were finished in an hour or two," said Kiyoshi Tane, an author specialising in the history of video games. "It was something of a pioneer of what open-world games would become." Zelda hit the market a few months after "Super Mario Bros". But while Mario runs from left to right through various platforms, Zelda "encouraged the player to explore, discover and map its world and take on its challenges", said Mark Brown, who analyses game design on his YouTube channel. It was a smash hit and pushed the boundaries of game design for the next two decades. By the turn of the 2010s, however, the franchise was struggling. Nintendo wanted to expand the game's appeal but only managed to create editions that satisfied nobody. Hardcore fans drifted away and its popularity waned. The designers rethought the basics of the game, eventually creating 2017's "Breath of the Wild", which launched alongside the Switch and has since become the best-selling edition of Zelda. "This game set a high bar for the open-world action-adventure genre, and Zelda is still at the top," Katsuhiko Hayashi, representative for Famitsu Group, which publishes industry magazine Famitsu, told AFP. 'So excited' Nintendo has issued a gloomy forecast for the year ahead, but Charles-Louis Planade, an analyst at Midcap Partners, reckons "Tears of the Kingdom" could become "the best-selling game in history," potentially approaching $1 billion in revenue. In Tokyo, Yutaka Hirai said the seemingly endless scale of previous Zelda games helped draw him in. "The world was so big, much bigger than I imagined... I played it for over 100 hours," the 30-year-old told AFP Daniel Olivo, a tourist from Mexico, even took time out from sightseeing to pick up the game in Tokyo. "I'm so excited, because since I was about five years old, I know this game," the 33-year-old told AFP. "In the end, I got the collector's edition, so it was amazing," he added with a broad smile. The post The long wait is over: Nintendo’s new ‘Zelda’ hits shelves appeared first on Daily Tribune......»»