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Confronting a paradox
Often perceived as a low-paying and demanding occupation, farming is crucial and should be a profitable job that provides us the food we consume. How about if our farmers get frustrated with intermediaries or middlemen whom they rely on to sell their produce, and decide to just leave their harvests to rot? A farmer in Cebu province ranted on Facebook about how middlemen exploited them by offering low prices, leaving him and other farmers with meager profits, while they reaped the higher margins themselves. An under 2-minute video that made the rounds last week showed the farmer chopping a squash to pieces against the backdrop of a large pile of the produce, as he raged about the hardships farmers go through only to be offered P3 per kilo. This was not even enough to offset the financial capital and labor used to grow the squash. He lamented how his family was expecting to feast on other food besides cassava that they regularly had on the dining table during the growing season. Stories of farmers throwing away their harvest evoke sympathetic emotions, highlighting the prevailing poverty and hardships they face. Their stories are prevalent in the rural areas, reinforcing reports that so many farmers have to endure poverty and suffering — that should inspire institutions to launch projects aimed at assisting them. Lucky are those who spend their retirement doing backyard farming, those who plant vegetables for personal consumption. In the case of the Cebu farmer in the video, commercial farming as a good source of income is a myth, neither is planting profitable vegetables like ampalaya, eggplant, string beans, squash, carrots, potatoes, onions and garlic, among others. With the grim reminder that there are still a lot of forsaken Filipino farmers and that we have to do more to achieve inclusive growth, there is more to raising awareness of their sad plight. We are confronted with a paradox. The agriculture sector, despite its crucial role in the Philippine economy, often goes unnoticed, possibly due to its slow growth compared to other sectors like construction. John Bae, in his research article titled “Beyond the Farmers’ Plight: A Closer Look at Philippine Agriculture,” said the paradox surrounding the unnoticed agriculture sector contributes to persistent rural poverty. Research indicates that poverty is primarily an agricultural issue, with a significant number of impoverished individuals residing in farming and fishing regions. This suggests that the poverty experienced by farmers is not only a matter of inequality or social injustice but a fundamental problem within the agriculture sector itself. The plight of vegetable farmers is a compelling issue that demands attention from policymakers and agricultural organizations. By addressing challenges such as market volatility and linkages, climate change, limited resources, and inadequate infrastructure, we can create an enabling environment for our vegetable farmers to thrive in. By investing in infrastructure, storage facilities, and irrigation systems, government can help mitigate losses due to post-harvest issues and weather-related risks. Most of all, promoting farmer cooperatives and empowering them to negotiate fair prices can reduce their dependence on middlemen who bury them further in the quagmire of poverty. Let us not lose sight of the fact that the farmers are the main reason there’s food on our tables. The post Confronting a paradox appeared first on Daily Tribune......»»
Branding governance
It was once observed that an archipelago like the Philippines would more likely find it difficult to be united as a nation. Compared to smaller countries like Singapore, for instance, whose progress has been undeniably immense, ours is harder to pull together. Is it our so-called “halo-halo” culture? Regionalism is either a bane or a boon depending on where you stand. Some say the rise of leaders from Mindanao brought up the issue of “Imperial Manila” where funds were more likely to be funneled. The general sentiment on this matter is that Manila’s limited use of its vast influence led to the provinces’ slow growth and development. On another significant note, it is believed that the term “Imperial Manila” was born sometime after the toppling of Ferdinand Marcos Sr. through the People Power Revolution. Some say the whole thing was done “without the participation of provincials,” as Amando Doronila once wrote in his column. This is, of course, highly debatable, as history is often interpreted in various ways. Strangely enough, the issues of unity and equality once again rise to the fore with the release of Memorandum Circular 24 issued on 3 July. In said memorandum, “Bagong Pilipinas” will serve as a “branding and communication strategy characterized by a principled, accountable and dependable government.” The concept is hinged on the government’s commitment “to assisting Filipinos in realizing their ‘goals and aspirations.’” Moreover, the logo would be “incorporated into the letterheads, websites, official social media accounts, and other documents of all state agencies and entities.” “Bagong Pilipinas” is to be our rallying cry, the reason for being, an end goal. The response was immediate, and why not? It has been one slogan and logo controversy after another lately, from the rebranding of the tourism campaign slogan and logo to the Philippine Amusement and Gaming Corp.’s new logo. Now “Bagong Pilipinas” is said to be just another unoriginal creation, in fact reminiscent of “Bagong Lipunan,” or New Society, during the regime of the President’s father from 1972 to 1986. In a couple of public speeches, President Bongbong Marcos has referred to a “New Philippines.” From his campaign call for unity, the messaging carried across by the jingle titled “Bagong Pilipinas, Bagong Mukha” composed by Filipino rapper Andrew E of “Humanap Ka Ng Panget” fame, to his choice of Cabinet members not all entirely allied with his party, BBM is clearly intent on forging the path to the Philippines he envisions to be better. There is a growing opinion that President Marcos Jr., having inherited a slew of ills from previous leaderships, would really like to begin again with a fresh slate, though that being impossible, at least with a fresh mindset for all. This, Bagong Pilipinas is a reminder made into policy for all of us, top to bottom, side to side, that we should really just simply “love the Philippines” first to make our dreams come true. The post Branding governance appeared first on Daily Tribune......»»
2023 National Food Fair fuses tradition, innovation
The 2023 National Food Fair, themed “Go Discover, Taste, Enjoy!”, opened on Wednesday, 12 July, in simple ceremonies headed by Department of Trade and Industry Secretary Alfredo E. Pascual as keynote speaker. Organized by the DTI-Bureau of Domestic Trade Promotion in coordination with the DTI Regional Operations Group, the 2023 National Food Fair runs 12-16 July at the Megatrade Halls of SM Megamall, Mandaluyong City. Over 250 MSMEs from the country’s 17 regions are exhibiting their products onsite at the event venue. Simultaneously, an online national food fair on the Lazada e-commerce platform is also offering the products of participating MSMEs, for a wider market reach nationwide. Showcasing the fusion of tradition and innovation, special settings, pavilions and MSME clusters draw attention to developments that elevate traditional Filipino products to meet stringent food industry standards and be competitive in the global market. These are: · Philippine Coconut Industry Pavilion and Coconut-Based MSME Cluster · Philippine Food Industry Innovations Lounge · Philippine Fruits and Nuts Pavilion · Innovative and Biotech Products Cluster · Rural Agro-Industrial Partnership for Inclusive Development and Growth (RAPID Growth) Project Pavilion · Farm Fresh Produce Pavilion · KAPEtirya or Philippine Coffee Pavilion · Philippine Island Wine, Beer, and Juice Bar For culinary enthusiasts, renowned Filipino chefs are part of the daily program of activities, with live cooking and food preparation demonstrations, among others. The lineup includes: · The Ultimate Filipino Adobo: Stories Through the Ages book launching and cooking demonstrations (Chef Claude Tayag) · Isang Dekada ng Guevarra’s: An Inspiring Story (Chef Laudico Guevarra) · Fiesta Recipes (Chef Boy Logro) · Halal Recipes and lavish feast during social occasions (Chef Yed Dimaporo and Mustapha Ala, Jr.) · SIMPOL Recipes Using Coconut (Chef Tatung Sarthou) · Culinary Kurobuta Masterpieces (Chef Donatello Montrone) · Changing the Food Mindset: Slow Food (Chef Jam Melchor) · Plant-based Desserts (Chef Aileen of Studio Plantmaed) · Benefits of a Plant-based Diet (Chef Mylene Dolonius of Studio Plantmaed) · Healthy Daily Recipes (Chef YLYT Frixiah Manaig) · Magsaysay Center for Hospitality and Culinary Arts (Chef Eric Gruba) · The Farm at San Benito (Rose Pagcaliwagan) · Philippine Wine Mixology (Bartender Nino Cruz) The culminating highlight of this celebration of the diversity and rich heritage of Filipino food is an interactive cultural presentation of the BARMM Pagana Maguindanao, led by Mustafa Ala and Chef Yed Dimaporo. Pagana is a traditional Maguindanaon celebration that holds great cultural significance in the Maguindanao province of the Philippines. It is a festive event that brings the community together to honor and celebrate important occasions such as weddings, religious holidays or community milestones. The Pagana celebration is characterized by lively music, colorful costumes and traditional dances that showcase the rich cultural heritage of the Maguindanaon people. The rhythmic beats of the kulintang ensemble, a musical ensemble composed of gongs, set the tone for the festivities, while traditional dances like the Singkil and Pangalay mesmerize the audience with their graceful movements. The event also offers a feast of traditional Maguindanaon cuisine, featuring flavorful dishes like Lininggil a Manok (chicken cooked in turmeric and coconut milk) and palapa (a spicy condiment made from chili and scallions). Pagana is not only a time of celebration but also an opportunity to strengthen community bonds, pass down cultural traditions to younger generations and showcase the rich artistic talents of the Maguindanaon people. Also part of the daily program are entrepreneurship talks and learning sessions that can offer food entrepreneurs with resources and ideas about how to strengthen and position their businesses for continued growth. The topics covered by various government agencies and partner-institutions participating in the daily program are: · Coconut-based Coffee and/or Cacao Enterprise Development Project (Department of Agriculture) · Geographical Indications and the Benefits of Registering One’s Trademark or Brand in IPOPHIL (Intellectual Property Office) · Sustainable Planting and Replanting of Local Cultivars; Natural and Healthy Coconut Vinegar; Health Benefits of Coconut (Philippine Coconut Authority) · Halal Culinary Tourism (Department of Tourism) · Bioplastic Derived from Pineapple Waste Packaging Technology; Coco-Based Food Technologies (Department of Science and Technology) · Kitchen Lab and Food Connect Plus (Philippine Trade Training Center) · Dairy and Coconut Farming, A Viable Integrated Farming Enterprise (National Dairy Authority) · Boosting Nutrition to Different MSMEs as Suppliers of Healthy Food Products (National Nutrition Council) · Healthy Food Consumption Trends and Research on Health Benefits of Philippine Herbs (Department of Health) · Franchising: A Way to Make Every Filipino Taste Your Lola’s Recipe (Philippine Franchising Association) · Accelerating Growth Through One Research and Extension in Action (UP Los Baños-Agora) · How MSMEs Can Thrive Online (Lazada) · Unilever’s Healthy and Sustainable Food Program (Unilever Philippines) · Maximizing Your Digital Marketing Potential with Analytics and Business Intelligence (Pamela Padilla) The daily program of activities is open to the public and free of charge. For the benefit of remote viewers, these are also being livestreamed on BDTP social media channels. To stay updated about the 2023 National Food Fair and other programs of the DTI-Bureau of Domestic Trade Promotion, please follow the social media accounts on Facebook (DTI.BDTP), Instagram (dti.bdtp), and Twitter (@DTI_BDTP). Or email BDTP Director Marievic M. Bononan at bdtp@dti.gov.ph. The post 2023 National Food Fair fuses tradition, innovation appeared first on Daily Tribune......»»
Public service without break
I am proud of the hard work that we have all put into advancing legislative measures with the common goal of providing a safer and better life for Filipinos While we are now on our session break, I believe that there can be no pause in our duties as public servants The Senate adjourned sine die last 31 May 31 its First Regular Session of the 19th Congress. Our first such session under the administration of President Ferdinand “Bongbong” Marcos, Jr., I am proud of the hard work that we have all put into advancing legislative measures with the common goal of providing a safer and better life for Filipinos. Six of the proposed measures that hurdled the Senate are now laws, including several of my co-authored and co-sponsored bills, such as the SIM Registration Act, postponement of the December 2022 Barangay and SK Elections, and naturalization of our national basketball team key player, Justin Brownlee. Senate Bill 1849, which I co-sponsored, has also been enacted, amending certain provisions of Republic Act No. 11709 to establish a fixed term and retirement age for some officials of the Armed Forces of the Philippines that would hopefully better promote their welfare. I likewise co-sponsored RA 11938, converting the municipality of Carmona, Cavite into a city. As Chair of the Senate Committee on Health, I am also particularly happy that the Bicameral Conference Report on our proposed Regional Specialty Centers Act has already been ratified, marking a significant milestone towards improving access to specialized healthcare across the country. As the principal sponsor of the measure, I cannot emphasize enough the importance of establishing more specialty centers in various regions to ensure that our Filipinos have better access to the specialized medical services they require. This measure is a steadfast commitment, and a collective vision to improve our healthcare system. It is our people’s experiences and stories that have driven us to aim for a healthcare system that is compassionate, accessible, and designed to meet the needs of Filipinos. Likewise approved on third and final reading in the Senate are several bills that I co-authored and co-sponsored, such as: (1) the proposed Walkable and Bikeable Communities Act which seeks to establish safe routes for cyclists, pedestrians, and slow vehicles across the entire country; (2) Kabalikat sa Pagtuturo Act which aims to institutionalize the grant of a teaching allowance for public school teachers; (3) No Permit, No Exam Prohibition Act which seeks to protect students from preventing them in taking exams due to outstanding financial obligations; (4) New Agrarian Emancipation Act which seeks to condone almost P58 billion worth of loans that agrarian reform beneficiaries incurred in owning lands under the government’s agrarian reform programs; (5) Trabaho Para sa Bayan Act which aims to stimulate economic growth for decent job generation; and (6) Senate Bill No. 2021 which aims to improve the competitiveness of MSMEs by granting them access to shared facilities and services, technology, and skills training. The proposed National Day for Awareness on the Hijab and Other Traditional Garments and Attire Act, and the Cultural Mapping Act, which I both co-authored, have also hurdled the Senate. Meanwhile, I likewise filed several other measures in a bid to bring services closer to our people, especially the needy, the hopeless, and the helpless. These include bills establishing Mental Health Offices in higher educational institutions, mandating financial literacy and entrepreneurship as core subjects in the junior and senior high school curricula, and institutionalizing a technical-vocational program specifically for rehabilitated drug dependents. To improve the resilience of the agricultural sector, I also filed a bill seeking to provide immediate financial assistance to ARBs in the event of natural calamities and another measure that proposes to expand the services of the Philippine Crop Insurance Corporation and encourage private sector participation in agricultural insurance. Among others, I also filed bills seeking to institutionalize the Pambansang Pabahay Para sa Pilipino Program (4PH), a flagship housing program of President Marcos, Jr.; establish a comprehensive framework to accelerate infrastructure flagship programs; strengthen our coast guard; better protect our kasambahays, freelance and media workers; and provide equitable incentives to our para-athletes. After a hectic yet fruitful legislative year, I continue to personally visit our kababayans in need to provide the necessary aid. On June 1, I was in Samal, Bataan with my team to witness the groundbreaking of the town’s Super Health Center and distribute aid to 500 of its struggling residents. We also visited Balanga City to provide similar assistance to 1,008 indigents. Batangas was our destination the following day where I inspected the Super Health Center and a multipurpose building which will be the new municipal hall in Ibaan. I also led relief operations for 1,000 of my fellow Batanguenos in Ibaan and 1,086 in Sta. Teresita. Meanwhile, I was in Naga City, Camarines Sur on June 3 where I attended the 1st Bicol Social Media Summit and assisted 1,500 indigent residents. I then conducted a monitoring visit to the Malasakit Center at the Bicol Medical Center in the city and likewise aided 824 patients and 2,702 frontliners. The DSWD also committed to providing financial assistance to qualified beneficiaries. Thereafter, I inspected a bypass road in the city, a project I also supported as Vice Chair of the Senate Committee on Finance. Across the country, my outreach teams aided 5,102 Typhoon Agaton victims in Banate, Iloilo; 170 fire-hit families in Parañaque City; five fire-hit families in Cotabato City and three more in Catbalogan City, Samar. Indigent families were also aided, including 420 in Cabanatuan City, Nueva Ecija; 598 in Socorro, Surigao del Norte; 1,000 in Marawi City, Lanao del Sur; 40 in Island Garden City of Samal, Davao del Norte; 520 in Vigan City, Ilocos Sur; 180 in Sibalom, Antique; 518 in Kalibo, Aklan; 83 TESDA graduates in Carcar City, Cebu; and 408 barangay health workers in Sariaya, Quezon. My staff likewise attended the groundbreaking of the Super Health Center in Socorro, Surigao del Norte. While we are now on our session break, I believe that there can be no pause in our duties as public servants. As we have always done and as we are mandated to do, we should continue spending the days ahead trying to help uplift the lives of our Filipino people. The post Public service without break appeared first on Daily Tribune......»»
A patriotic act
The Philippines is one of the countries in Southeast Asia that relies heavily on the travel and tourism industry to bolster the growth of its economy. Before the Covid-19 pandemic, the travel and tourism industry accounted for as much as 12.9 percent of the country’s gross domestic product. At the height of the outbreak in 2020, its share plunged to 5.1 percent after the lockdowns caused the closure of many businesses that resulted in massive job losses. When the situation began to normalize somehow, travel and tourism were again looked to revive the ailing economy. With the rebound, better facilities and services were needed to leave a long-lasting impression on visitors. With the recent electrical problem at the Ninoy Aquino International Airport Terminal 3, the need for a major upgrade once again became the talk of the town. Last 1 May, a power outage hit Terminal 3, affecting 9,000 passengers, following a “fault current” or an abnormal amount of electrical current flowing through a circuit. This may have caused the circuit to trip and the power outage. Technical personnel of the Manila Electric Company (Meralco) were quick to arrive and resolved the power outage. This was the second time this year that NAIA was in the news for all the wrong reasons. The first, on New Year’s Day, was when more than 200 flights were canceled, rerouted, and delayed after an equipment mishap triggered a breakdown in the airport’s Communications, Navigation and Surveillance/Air Traffic Management or CNS/ATM system. Following the twin incidents, Transportation Secretary Jaime Bautista vowed to conduct a full electrical audit of NAIA Terminal 3, as well as Terminals 1 and 2. Businessman and philanthropist Manuel V. Pangilinan or MVP, who currently chairs Meralco, patriotically offered to conduct a full electrical audit of the facility at no cost to the government. A full electrical audit will help the government find the problem, address it, and map out the projects needed to modernize and upgrade the terminal. “The good news is the group of Mr. Manny Pangilinan has offered to do a free electrical audit. I talked to them earlier. Maybe by Monday (8 May) we would have our first meeting,” Bautista said in English and Filipino in a radio interview on 2 May. Government support Even before the Covid-19 pandemic emerged, MVP had been supportive of the government, crafting initiatives geared toward nation-building. When Typhoon Odette hit the Visayas and Mindanao in December 2021, companies under the MVP Group extended assistance to the affected families, such as power restoration, relief packages, and financial assistance, among others. He has also supported the government’s goal of digitalization and achieving food security. Earlier this year, through Metro Pacific Investments Corp., the group acquired a 34.76-percent stake in Axelum Resources Corporation as well as a controlling stake in The Laguna Creamery Inc. The twin investments form part of MVP’s goal and priority “to feed our people first,” and support the United Nations Sustainable Development Goals, which aims to end hunger, achieve food security, improve nutrition, and promote sustainable agriculture. MPIC’s subsidiaries have also embraced the digitalization of their operations and initiatives that encapsulate the group’s overall goal to be a leader in sustaining the country’s expanding digital landscape. His support for the public through his various businesses is a clear definition of patriotism for the country as not only will it support the government’s initiatives and goals, but ultimately, will provide better services to the public it serves. The post A patriotic act appeared first on Daily Tribune......»»
Worker shortage, rising costs to slow healthcare growth
The expansion of the country’s healthcare industry may slow this year on rising costs and shortage of medical practitioners even as the demand for health services among Filipinos is on an uptrend......»»
High demand to feed growth in broiler output
Local broiler production could grow by at least two percent to as much as 1.943 million metric tons this year on the back of growing demand as chicken meat remains an affordable commodity for Filipino households......»»
UN forecasts slow growth of 2.4% in 2024
UN forecasts slow growth of 2.4% in 2024.....»»
PH an ideal investment destination for UAE firms
The Philippines has been highlighted as an ideal investment destination for UAE firms, according to the Department of Trade and Industry (DTI) Secretary Fred Pascual. Speaking at the Philippines and United Arab Emirates Forum and Networking event, Secretary Pascual emphasized the country's robust economic growth and investor-focused initiatives. He urged UAE businesses to consider the Philippines as a place to grow and thrive, stating that the country is moving towards robust economic expansion under President Ferdinand R. Marcos Jr.'s leadership. Secretary Pascual also highlighted the increase in Foreign Direct Investment (FDI) in the country, with projections indicating a surge in FDI from USD 9 billion in 2023 to approximately USD 11 billion by 2024. The DTI Secretary also announced the upcoming visit of President Marcos Jr. to the UAE in December, aiming to strengthen ties between the two nations. During the forum, two Memoranda of Understanding (MOU) were signed between the Federation of UAE Chambers of Commerce and Industry (FCCI) and the Philippine Chamber of Commerce and Industry (PCCI), further enhancing the partnership opportunities between Filipino and UAE companies. Secretary Pascual expressed optimism about the potential for collaboration and the positive impact it can have on both nations' growth, innovation, and prosperity......»»
Broken family: Young adult shares painful journey, lessons learned along the way
CEBU CITY, Philippines – Parents play a crucial role in molding a child’s growth within the family. Through their eyes, we learn to see even the intricacies and the vastness of the world. Yet, what happens when the familiar environment crumbles? When the lenses through which we’ve seen life blur? When the image of a.....»»
‘ Remittances still pillar of Philippines growth’
Remittances from overseas Filipino workers (OFWs) will continue to fuel consumption and boost the Philippines’ economic resilience, according to British banking giant HSBC......»»
LANDBANK, OFBank to offer financial education for Pinoys in Italy, Switzerland
Around 180,000 Filipinos living and working in Italy and Switzerland will have the opportunity to attend free financial education seminars organized by LANDBANK and OFBank. The state-run banks, in collaboration with Philippine embassies and consulates, aim to provide overseas Filipinos and overseas Filipino workers with basic knowledge on saving, digital banking, financial security, and investing. The seminars will also cover LANDBANK and OFBank's innovative banking solutions, such as safe savings options, real-time fund transfers, investment instruments, and loan products. LANDBANK President and CEO Lynette V. Ortiz emphasized that providing financial education to Filipinos abroad contributes to the economic growth and stability of the Philippines. In Italy, financial education seminars will be organized for approximately 167,000 Filipinos, while in Switzerland, the banks aim to benefit over 14,600 overseas Filipinos. The collaboration between LANDBANK, OFBank, and the Philippine Embassy in Rome was formalized in October 2023, and several seminars have already been conducted in Rome, Milan, Bologna, and Geneva. The state-run banks are committed to promoting financial inclusion and security among overseas Filipinos and their families by equipping them with the necessary financial knowledge and resources......»»
Steven Tan named Winshang’s International Influential Person in Shopping Centers
SM Supermalls president Steven Tan was recognized as one of Winshang’s Golden Censer Prize winners for being “The International Influential Person of the Year 2023 in Shopping Centers” at the 2023 China (International) Shopping Center Summit in Shanghai on 24 August. The Golden Censer Prize is a large-scale professional recognition of China’s commercial real estate and famous brands initiated by Winshang, in collaboration with mainstream industrial media, based on field research, data analysis, and media surveys among others. Tan, who assumed the role of president of SM Supermalls in 2020, has been a key figure in the growth and innovation of the mall chain in the Philippines and China. Retail legacy As President, he oversees mall operations in both countries, carrying forward SM’s 65-year legacy of retail innovation and outstanding customer service. Under his leadership, SM Supermalls withstood the challenges of the pandemic and rebounded as the economy slowly opened up amid the global health crisis. With the guidance of the Sy family, Tan made sure that SM responded with an agile, innovative, and proactive approach to cater to the needs of all stakeholders, from employees and tenants to shoppers. Mall’s strategies The mall’s strategies — adapting the tenancy mix, creating novel reasons to attract visitors to malls, targeting new customer segments through innovative marketing, and developing omnichannel services — enabled them to gain the trust and loyalty of modern shoppers during the pandemic. Because of this, SM managed to recover and exceed pre-pandemic revenues and income by 2023. In line with its latest expansion program, SM continues to open new malls in China and the Philippines. This brings the total number of shopping centers, locally and internationally, under Tan’s stewardship to 93, featuring a cumulative construction area of over 10.8 million square meters and a daily foot traffic of more than 4.2 million. The latest SM malls to open are SM City Yangzhou last 28 September 2023 (left) and SM City Sto. Tomas, Batangas last 27 October 2023 (right). The latest malls to open were SM City Yangzhou last 28 September 2023 and SM City Sto. Tomas, Batangas last 27 October 2023. Numerous accolades Tan’s exceptional efforts were also honored by various international organizations over the years. He received numerous accolades including the 2021 Asia’s Most Influential by Tatler Asia, the 2022 Asia Pacific Women’s Empowerment Principles Awards Leadership Commitment by United Nations Women, and the Global Filipino Executive of the Year at the Asian Chief Executive Officer Awards just to name a few. His dedication and visionary leadership continue to shape the landscape of shopping centers and commercial real estate, not just in Asia but across the globe. The post Steven Tan named Winshang’s International Influential Person in Shopping Centers appeared first on Daily Tribune......»»
SM’s Steven Tan named Winshang’s 2023 International Influential Person in Shopping Centers
SM Supermalls president Steven Tan was recognized as one of Winshang’s Golden Censer Prize winners for being "The International Influential Person of the Year 2023 in Shopping Centers" at the 2023 China (International) Shopping Center Summit in Shanghai on 24 August 2023. The Golden Censer Prize is a large-scale professional recognition of China's commercial real estate and famous brands initiated by Winshang, in collaboration with mainstream industrial media, based on field research, data analysis and media surveys, among others. Tan, who assumed the role of President of SM Supermalls in 2020, has been a key figure in the growth and innovation of the mall chain in the Philippines and China. As president, he oversees mall operations in both countries, carrying forward SM's 65-year legacy of retail innovation and outstanding customer service. SM Mall of Asia Complex Under his leadership, SM Supermalls withstood the challenges of the pandemic and rebounded as the economy slowly opened up amid the global health crisis. With the guidance of the Sy family, Tan made sure that SM responded with an agile, innovative and proactive approach to cater to the needs of all stakeholders, from employees and tenants to shoppers. SM City Yangzhou SM City Sto. Tomas The mall’s strategies -- adapting the tenancy mix, creating novel reasons to attract visitors to malls, targeting new customer segments through innovative marketing and developing omnichannel services -- enabled them to gain the trust and loyalty of modern shoppers during the pandemic. Because of this, SM managed to recover and exceed pre-pandemic revenues and income by 2023. In line with their latest expansion program, SM continues to open new malls in China and the Philippines. This brings the total number of shopping centers, locally and internationally, under Tan's stewardship to 93, featuring a cumulative construction area of over 10.8 million square meters and a daily foot traffic of more than 4.2 million. The latest malls to open were SM City Yangzhou last 28 September 2023 and SM City Sto Tomas, Batangas last 27 October 2023. Tan’s exceptional efforts were also honored by various international organizations over the years. He received numerous accolades including the 2021 Asia's Most Influential by Tatler Asia, the 2022 Asia Pacific Women's Empowerment Principles Awards Leadership Commitment by United Nations Women, and the Global Filipino Executive of the Year at the Asian Chief Executive Officer Awards, just to name a few. His dedication and visionary leadership continue to shape the landscape of shopping centers and commercial real estate, not just in Asia but also across the globe. Steven Tan receives the 2023 PeopleAsia People of the Year Award. Tan shared the Winshang Golden Censer Prize with his two co-awardees, namely Powerlong Real Estate Holding’s Co-president Chen Deli, and SCE Commercial Management Holdings' chairman of the board Huang Lun. SM Supermalls is a subsidiary of SM Prime Holdings Inc., with 85 malls in the Philippines and 8 in China. The post SM’s Steven Tan named Winshang’s 2023 International Influential Person in Shopping Centers appeared first on Daily Tribune......»»
Robinsons retail unit posts profit rise
Listed Gokongwei group’s Robinsons Retail Holdings Inc. proved its resilience in the first nine months as it reported a core profit of P3.8 billion, up 4 percent. Net sales during the period were at P138.2 billion, which rose by 8.7 percent year-on-year. The company was able to generate growth in net sales and core net earnings despite the impact of inflation on consumption and a challenging base last year which benefited from economic reopening and election-related spending. Core net earnings exclude foreign exchange gains and losses, interest income from bonds, equity in earnings from associates, interest expense related to the Bank of Philippine Islands acquisition financing, BPI cash dividends, and others. The growth in net sales was supported by blended same store sales growth of five percent and store expansions. The core businesses supermarkets and drugstores were the main revenue growth drivers in the first nine months. These two segments accounted for almost 75 percent of Robinsons Retail’s revenues for the period. Meanwhile, a bright spot in the discretionary portfolio was the department store segment, which was able to deliver double-digit topline growth due to back-to-school and continued out-of-home activities. The company’s consolidated gross profit continued to grow faster than revenues, increasing by 9.4 percent year-on-year to P32.9 billion in the first nine months. This was enabled by improvements in category mix and higher penetration of private label brands. Meanwhile, operating income grew by 3.7 percent year-on-year to P6.1 billion. Net income attributable to equity holders of the parent company fell by 41.4 percent year-on-year to P2.6 billion until September. The decline in net income to parent was weighed by equitized losses from minority startup investments which continue to ramp up, the derecognition of Robinsons Bank’s net income under equitized earnings following the ongoing merger with the Bank of the Philippine Islands, interest expense from the acquisition financing of the BPI shares that were purchased earlier this year, and the absence of cash dividends from BPI in the third quarter of 2023. Dividends set BPI has historically paid dividends in the second and fourth quarters of each year. The expected cash dividends from BPI in the fourth quarter should fully cover for the acquisition related financing interest expense for the purchase of the BPI shares. “Our defensible business model has enabled us to continue growing and remain relevant among Filipino consumers. This is notwithstanding near-term macroeconomic challenges, particularly the impact of inflation on consumer sentiment. These headwinds are temporary, in our view, and we thus remain positive on the long-term potential of the domestic retail industry given the Philippines’ attractive demographics. We will continue to invest with a long-term view and in a sustainable manner — core strategies that we firmly believe will translate to greater stakeholder value,” Robina Gokongwei-Pe, president and CEO of Robinsons Retail Holdings Inc., said. The post Robinsons retail unit posts profit rise appeared first on Daily Tribune......»»
Error-prone AI chatbot dog leads Japan’s elderly astray
A cartoon canine AI chatbot designed to cheer up and inform lonely older residents of western Japan is in the doghouse after providing error-laden responses. Powered by generative artificial intelligence, "Dai-chan" was this year launched by Osaka authorities who called it the first of its kind in a country where one in 10 people is age 80 or older. But the chatbot, which features a Shiba Inu cartoon dog and answers in the Osaka dialect, has shown itself far from faithful to the truth. When a user asked about the World Expo planned in Osaka in 2025, the dog incorrectly responded that the event was cancelled. That answer gained public attention, with Japanese newspapers and broadcasters reporting on the dog who got the wrong end of the stick. "Dai-chan, you're good," one social media user joked. Despite slow progress and budget challenges, the world fair is still scheduled to go ahead. Among other incorrect answers, Dai-chan said the "G7 foreign ministers' meeting will be held on November 4" rather than the slated November 7-8. Asked by an AFP reporter if the mooted Sapporo Olympic Games will be pushed back, the bot dog said: "The Sapporo Olympics is postponed! It's not cancelled so I look forward to it!" Earlier this month, the Japanese Olympic Committee said Sapporo had given up its bid for the 2030 Winter Olympics as public support for hosting the games waned after a string of corruption scandals over the 2020 Tokyo Games. Asked about the decision, Dai-chan responded: "The Olympic Committee decided to postpone! It is a decision considering safety! Good job, the Olympic Committee!" The government has defended the chatbot. Its purpose "is to broaden communication base for elderly people and not to give correct answer every time, and users seem to be enjoying Dai-chan with an understanding of the limits of what generative AI can do," an Osaka official in charge of the project told AFP. "Dai-chan is designed as a talking dog that is 10 years old (in terms of human intelligence) tasked with preventing elderly residents from becoming isolated," Osaka governor Hirofumi Yoshimura told Japanese media. Asked by AFP for his reaction, Dai-chan said: "Yes, yes, I often make mistakes, but it's a bit hard that people report about it. But making mistakes is part of growth, isn't it?" The post Error-prone AI chatbot dog leads Japan’s elderly astray appeared first on Daily Tribune......»»
Pag-IBIG collections up to P67B in Q3 as more members increase savings
Pag-IBIG Fund members collectively saved P66.73 billion during the first nine months of 2023, up by P6.3 billion or 10% year-on-year, as more members contributed more than the required Pag-IBIG monthly savings, agency officials announced Monday (23 Oct). "We are happy that more Filipino workers are saving with Pag-IBIG Fund. The trust and confidence in our savings programs continue to grow as proven by our record-high members’ savings collections in January to September 2023. This is good news because the increase in the savings collected shall allow us to finance the increasing demand for our home loans and short-term loans, and thus allow us to serve more members. This is in line with the directive of President Marcos to provide financial access to better the future of every Filipino,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the collections from the agency’s mandatory Regular Savings and voluntary MP2 Savings both increased during the period and have posted new record-highs. Collections from the Pag-IBIG Regular Savings amounted to P31.6 billion, an increase of 7% from the P29.6 billion from the same period last year. The amount includes P7.69 billion in upgraded savings from members, or savings which members have voluntarily entrusted with Pag-IBIG Fund on top of the required monthly savings. The agency’s MP2 Savings, on the other hand, sustained its popularity as collections reached P35.13 billion, a 14% increase from the P30.81 billion collected as of September last year. “The record-high in members’ savings we collected from January to September this year shows the wider appreciation of our members on the benefits of saving with Pag-IBIG Fund. We are grateful that the biggest growth areas in our savings collections come from our voluntary MP2 Savings and from members who save more than their mandated monthly savings,” Acosta said. “We recognize that our members’ trust in our programs stems from how we have gained competitive returns on their savings over the past many years. We highly value that trust and that is why we assure them that we shall continue to prudently manage their hard-earned savings. That is the Lingkod Pag-IBIG way,” Acosta added.....»»
Blueprint for a sustainable tomorrow
Through a combination of cutting-edge technology, data science and a culture of innovation, Aboitiz Land is making innovative strides in the real estate industry, establishing benchmarks for sustainability and community development. This commitment to adaptability and progress was underscored by Aboitiz Land CEO and president David Rafael during his presentation at the CEO Forum of the CREBA Golden Jubilee National Convention & Housing Expo on 28 September 2023, held at Conrad Manila. Aboitiz Land's dedication to environmental sustainability is evident in every facet of its residential real estate developments. The company's sustainable master plan features prioritize harmony with nature, respecting the natural topography of the land and integrating existing water and landforms like lagoons and hilly terrain seamlessly. This human-centric approach extends to the promotion of green open spaces across high-end and mid-market projects, fostering a connection between residents and the environment. A pinnacle of this commitment is its residential enclave, The Villages at Lipa, within the 800-hectare integrated LIMA Estate. LIMA Estate proudly holds a five-star BERDE certification, a testament to its eco-friendly practices including energy and water efficiency, waste management and community well-being. Poised to become a blueprint for smart cities, it leverages digital technologies for enhanced urban operations. Aboitiz Land also embraces innovation in construction technology, utilizing precast concrete panels to reduce greenhouse emissions associated with traditional concrete production. This approach not only contributes to a significant reduction in environmental impact but also translates into tangible benefits for homeowners, including reduced energy consumption. Aboitiz Land understands the urgent demand for accessible and quality housing in the Philippines. The company addresses this by strategically placing its projects near emerging growth centers and infrastructure. This not only eases congestion in central business districts but also creates job opportunities for thousands of Filipinos. Aboitiz Land’s notable developments include The Villages at Lipa in LIMA Estate, Foressa Mountain Town in the West Cebu Estate and Ajoya communities in key areas of Central Luzon, which is at the heart of the current infrastructure development and growth centers. To help address the critical issue of 6.5 million housing backlog and rising property costs, Aboitiz Land has introduced OneVecino, an innovative digital platform. This tool provides digitized solutions for property search, payments, customer support and property management. It's tailored to cater to the needs of overseas Filipino workers, making home buying more accessible and secure. Aboitiz Land's commitment to community well-being is likewise demonstrated through various CSR initiatives. Elevate AIDA, in partnership with Connected Women, provides digital skills training to women near our communities in Luzon, advances gender parity and promotes socio-economic development. Meanwhile, Project Banca, recognized as an Outstanding CSR Project in Disaster Resilience, supported 60 fisherfolks with motorized fishing boats in areas affected by typhoon “Odette,” showcasing Aboitiz Land's dedication to community well-being and resilience. Aboitiz Land's corporate governance framework is rooted in core values of Integrity, Teamwork, Innovation and Responsibility. The developer is the real estate arm of the Aboitiz Group, which has consistently been acknowledged as one of the best managed conglomerates in the ASEAN region, exemplified by the Golden Arrow Recognition awarded to Aboitiz Equity Ventures. The post Blueprint for a sustainable tomorrow appeared first on Daily Tribune......»»
20 years of championing tech and innovation among young Filipinos
The Smart Wireless Engineering Education Program or SWEEP, the first and longest-running industry-academe linkage in the Philippines, is now on its 20th year, a demonstration of PLDT and Smart’s commitment to championing technology and innovation among young Filipinos. SWEEP has become an avenue for long-term learning and discovery about technology as a catalyst for growth and development among the youth. “When we launched SWEEP or the Smart Wireless Engineering Education Program in 2003, our dream was to make bold changes in the industry, by promoting a culture of innovation in schools and by encouraging more Filipino students to get into STEM and ICT-related courses,” said Cathy Yap-Yang, FVP and head of Group Corporate Communications at PLDT and Smart. “We believe that continuous learning and exposure to emerging technologies, through SWEEP, can equip the youth toward finding innovative solutions that can help create positive impact for present and future generations,” added Stephanie V. Orlino, AVP and head of Stakeholder Management Team at PLDT and Smart. According to Roderick S. Santiago, head of Network at PLDT and Smart, “We continue to work closely with the country’s leading colleges and universities. We have likewise succeeded in producing industry-ready graduates to meet the increasingly digital demands of our customers, our communities and our country.” To celebrate two decades of SWEEP, the PLDT Group recently concluded a learning and networking summit called SWEEP@20 for its partner schools, where the PLDT Group discussed how 5G, AI or artificial intelligence, XR or extended reality, cloud computing and advanced networks can help create a sustainable and more inclusive world for all Filipinos and leave no one behind. Through the years, the PLDT Group has underscored the value of inclusive learning and industry-academe linkages like SWEEP, particularly in promoting STEM education in the country. This commitment also supports UN SDG #4: Quality Education and is aligned with the vision of the Philippine Government-mandated Private Sector Advisory Council. As one of the founding members under the Digital Infrastructure pillar of PSAC, PLDT aims to help narrow the digital divide by creating more STEM experts and upskilling more Filipinos toward jobs of the future. The post 20 years of championing tech and innovation among young Filipinos appeared first on Daily Tribune......»»
On leaving PDP Laban
On Friday, 20 October, I submitted my resignation as the Secretary-General and as a member of the PDP Laban Party. In my resignation letter, I expressed my utmost gratitude to former President Rodrigo Duterte, our party chairman, for the trust and confidence conferred during my incumbency as the PDP Laban Secretary-General. I served the party under him with loyalty and delivered on the duties and responsibilities assigned to me. As a contributing opinion writer in this newspaper, I want to express my opinion on matters concerning national issues affecting ordinary Filipinos without being tied to the political stand of PDP Laban. I was always for nation-building. I believe that after the political season, we can discuss political, economic, and social matters in a manner that is not corrosive but beneficial to our country’s economic well-being. I believe that the incumbent knows their pact with the Filipinos and that they will fulfill it in a manner befitting the proud Filipino class. All of these are written in our Constitution. It is very important for us to support the incumbent, especially when they have a clear political mandate. It is not about the personalities but about protecting our institutions of leadership, like the three branches of our government. This is the only way to have a truly strong republic and attain economic growth. There is this one hypothesis that institutional weaknesses caused by political instability may have been one of the huge reasons why we have left the boat to industrialization. (Jeffrey G. Williamson & Emmanuel S. de Dios, 2014. “Has the Philippines forever lost its chance at industrialization?” Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 51(2), pages 47-66, December.) The hypothesis is that perennial political instability and legitimacy crises hinder investment and growth. Between 1983 and 1986, the economy plunged. Then came the Edsa revolt. There was political instability, too, in the incumbency of President Cory Aquino, given the seven coup attempts. Further political instability in the 2000s because of the question of corruption led to another revolt to replace President Estrada. However, questions of PGMA’s legitimacy led to mass rallies and attempted coups- political instability. The political instability during the 1990s prompted investor services to grade the Philippines as a “high political risk” from 1984 to 1991. The timing of the political uncertainties was unfortunate, too. It coincided with the spillover and relocation of Japanese manufacturing to Southeast Asia; Malaysia, Thailand and Indonesia benefitted but not the Philippines. As a result, Foreign direct investments to Thailand from 1987 to 1991 were USD 24 billion, while the Philippines only had a measly USD 1.6 billion for the same period. It is clear to me that political stability is the path to economic growth. To not undermine the institutions created under our Constitution. Confidential Funds I wanted to elaborate on my stand regarding the issue of confidential funds in local government. I hope Congress will tackle this not to find fault or to blame anybody but to craft a law prohibiting the practice of it. Giving the discretion to local executives to appropriate confidential funds in their favor is inimical to the interests of the Filipinos. LGUs earn revenues from taxing landholders, however small. It will be similar to the Philippines in the 1800s, with small farmers paying tributes to their Spanish conquistadors without explaining where the money was going. This is why Filipino farmers refused to work on their lands, prompting the Spanish friars to wrongfully brand the Filipinos as indolent. The practice of confidential funds will create dynasties and tyrants at the local level, and soon, even the barangay captains will appropriate for themselves confidential funds. They will claim they have the same rights as their mayor since they maintain peace and order at the barangay level. It is absurd and unjust. It will plunge us into chaos. The elections will be dirty and bloody. Confidential funds in the LGUs will not bring us peace and order, only greater income inequality and poverty. Congress must act. Our nation’s well-being is at stake. The post On leaving PDP Laban appeared first on Daily Tribune......»»