We are sorry, the requested page does not exist
PEZA secures P10.8B investments from Japan, signs MOU for automation of ICT systems
In conjunction with the visit of the members of the President’s Cabinet to improve economic ties with Japan, PEZA pursued a five-day outbound mission to Tokyo resulting in P10.8 billion in solid investment expansion commitments from PEZA-registered Japanese enterprises. Held from 28 August to 2 September 2023, PEZA participated in an investment forum organized by junca Global Holdings and a series of business-to-business meetings that capitalized on investment leads sought by PEZA, and those from Sumitomo Corporation and the First Philippines Industrial Park, Inc., one of PEZA’s leading developer-operators. PEZA also explored new strategic areas of collaboration with Kiraboshi Bank, one of the leading regional banks in Tokyo, and with the Organization for Small & Medium Enterprises and Regional Innovation JAPAN, a government agency under the Ministry of Economy, Trade and Industry in charge of supporting the needs of Japanese SMEs. Further, PEZA entered into a Memorandum of Understanding with NEOJAPAN that will allow PEZA to use NEOJAPAN’s desknet’s NEO and Appsuite, free of charge to PEZA until the end of 2023. In an investment promotion forum organized by junca Global Holdings on 29 August, Director General Tereso O. Panga highlighted Japan’s contribution to the Philippine economy, stating “Our top country investor, Japan, has a total of P766.550 billion investments from 1995 to June 2023 making up for the 27.37 percent of PEZA’s overall investments by country. This investment comes from 877 Japanese locators with 339,751 direct employments as of May 2023 and exports of $ 6.370 billion from January to May this year.” The said forum was attended by representatives from various industries, specifically from renewable energy/alternative fuel to water recycling, real estate, financial services, food processing, cosmetics manufacturing and distribution including research and development on sprayed stem cell therapy, and human resource training and management. Panga also reported that “2023 is proving to mark the significant rise of the semiconductor industry with several industry leaders proceeding with their expansion plans to address the projected demand in their products due to the rise of the electronic vehicle industry and steady technological advancements in the downsizing of gadgets and their parts.” “PEZA will make sure that the country will be poised to receive these investments as we have a small window to get the manufacturing of new high-tech products into the Philippines given the competitiveness of the industry,” he added. The mission allowed PEZA to secure P10.8 billion in investment commitments from Japanese companies, namely the Terumo Corporation (P1 billion), Taiyo Yuden (P1.6 billion), TDK Corporation (P7.2 billion) and Almex Technologies (P1 billion). Panga’s statement is further solidified by the P111.207 billion in investments already approved by the PEZA Board for the first nine months of 2023, and expansion announcements by some of PEZA’s biggest locators such as Knowles (Philippines) Electronics Corporation, Terumo, Wipro Philippines, Inc., and Isla Import Terminals, Inc. According to Panga, “Taiyo Yuden CO., LTD. has an investment plan to operate their business in Taiyo Yuden (Philippines), Inc. We are proud to have locators such as Taiyo Yuden grow inside PEZA’s ecosystem since 1989. The ongoing investment plan covers the calendar year 2023-2024, with the total investment amounting to P1.6 billion. This signifies a continued era of trust and confidence in the country’s investment facilitation climate.” The Metal Power Inductor is Taiyo Yuden’s newly patented product with cutting-edge technology. The Philippine facility is the first manufacturing site aside from the facilities in Japan. The new product is the world’s first multilayer-type metal power inductor with the latest multilayer technology and its unique metal material characteristics. On the other hand, the TDK Corporation, an electronics manufacturing company that uses leading magnetic technology will have its first expansion from 2023 to 2026 while its second expansion will begin in 2024. TDK’s new product is a bio-magnetic sensor for monitoring heartbeats. Promising investment leads are also in the pipeline such as the partnership with Kiraboshi Bank, LTD., As one of the largest regional banks in Tokyo, Japan, Kiraboshi Bank caters to a large network of enterprise clients including PEZA registration-eligible business enterprises. Meanwhile, talks with the SME Support JAPAN led to the possible inclusion of the Philippines in the conduct of CEO Business Meetings that will allow direct linkage between Japanese SMEs and PEZA RBEs. PEZA also considers the partnership as a promising prospect since the Philippines is in a position to address the human resource needs of Japanese SMEs that are looking to expand operations. According to SME Support Senior Director General Soma Hirohisa they are “looking forward to the possible partnership with PEZA to produce more success stories for Japanese SMEs, similar to those who setup manufacturing facility in the ecozones to export these products to Japan and other global markets.” On the other hand, Kaneko Cord Co., LTD. is a company engaged in various industries such as the production of electrical wires, cables, and the manufacture of medical tubes and caviar productions is interested in transferring its Japan-based operations to the Philippines. Kaneko representatives later lauded the productive meeting with PEZA, stating that the meeting “surely expedited the beginning of [their] business in the Philippines.” Meltec Corporation also have plans to expand their operations in the Philippines due to the country’s strategic location to its clients and the presence Filipinos workers with high-quality skills and positive attitude. On 1 September 2023, PEZA entered into an MOU with NEOJAPAN that will allow PEZA to use NEOJAPAN’s desknet’s NEO and Appsuite, free of charge to PEZA for a limited period. The use of these groupware solutions will allow PEZA to digitize, automate, and centralize most of its internal documents and processes under a secure IT environment. With this partnership, PEZA will be taking the lead in government administration, being one of the first Philippine government agencies to use the product as a standard operating office system. In Japan, desknet’s NEO is used by 40 percent of all Japanese LGUs, ministries such as the Ministry of Internal Affairs and Communication, universities such as The University of Tokyo, and large enterprises such as Toyota, Mitsubishi Motors, Mizuho, Pilot and Fujifilm. Represented by Panga and Corporate Center Senior Director Tsuneko Aoki, PEZA and NEOJAPAN inked the engagement geared toward exploring areas of collaboration and cooperation in developing, improving and automating the administrative processes of PEZA through the adoption of appropriate ICT systems. In Japan, desknet’s NEO is used by 40 percent of all Japanese LGUs, ministries such as the Ministry of Internal Affairs and Communication, universities such as The University of Tokyo, and large enterprises such as Toyota, Mitsubishi Motors, Mizuho, Pilot and Fujifilm. The MOU is also in compliance with Republic Act No. 10173 or the Data Privacy Act of 2012 and Confidentiality of Information. This is part of PEZA’s initiatives towards contributing to the goal of the Department of Trade and Industry of promoting digital transformation in the Philippines that is science, technology, and innovation-driven. The post PEZA secures P10.8B investments from Japan, signs MOU for automation of ICT systems appeared first on Daily Tribune......»»
Approvals drop
Double-digit drops were seen in the trust and approval ratings of President Ferdinand R. Marcos Jr. and Vice President Sara Duterte, as published by Pulse Asia. These numbers may have been normal for certain officials of past administrations, but for Marcos and Duterte, these figures could be unsettling. We must be reminded that our top officials were elected by the majority of the voting public in a virtual landslide against their competition. Further, this steep decline was not realized by our previous populist president. Thus, this should be taken seriously by our leaders. President Marcos Jr. downplayed the decline, saying he was “not surprised” by it. He correctly pointed out that among the reasons for the drop would be the government’s failure to lower the price of rice — a campaign promise often repeated. Another reason could be his concurrent holding of the Agriculture Secretary position, which is a delicate Cabinet post since it relates directly to bringing food to the table of every Filipino. Rice matters in the Filipino household. The United States Department of Agriculture reported that the Philippines is now the world’s top rice importer, overtaking China. According to its report titled “Grain: World Markets and Trade,” the USDA projected that the Philippines would reach 3.8 million metric tons of rice imports for the marketing year 2023-2024, compared to China’s decreased projection of 3.5 million MT. This is a sad statistic, considering the Philippines used to be known as a leading rice producer, even the go-to country for our neighbors to learn about rice production. Our Banaue Rice Terraces is a heritage and tourist site that may very well belong in a museum since rice irrigation may be a thing of the past. Food security was a campaign promise that should be endeavored to be achieved. There is no rice crisis because of the incessant importation of rice by prominent businessmen, but it has become difficult to encourage other investors to put their capital into rice farming. The government should provide the answer by incentivizing farmers and businesses to invest in rice farming, but all this is easier said than done. As for our Vice President, her ratings drop should be related to the controversial confidential and intelligence funds she defended heavily in the budget hearings. I cannot fathom a worthy explanation for why the Office of the Vice President and the Department of Education should have P650 million in these funds without proper accounting and explanation. As for the reported realignment of these funds by the House of Representatives to agencies tasked with the protection of our national sovereignty in the West Philippine Sea, we are still waiting to see if this will happen after it hurdles the Senate and is later signed by the President. The ratings drop may be ignored, but it’s continuing cannot be risked. The ratings can be expected to rise, especially if the surveys are taken during the Christmas season when the Filipino nation becomes forgiving. The leadership should take concrete action on how to cause an uptick, such as by providing concrete solutions to the promises made during the campaign. If something can be learned from former President Rodrigo Duterte, it would help to be very visible locally to show your genuine and sincere compassion and empathy for your countrymen. But as I have written before, it is unfair to compare two leaders with varying styles. Let’s trust our President, and he has the privilege of time to make a huge turnaround. For comments, email him at darren.dejesus@gmail.com. The post Approvals drop appeared first on Daily Tribune......»»
Domestic aviation rebounds this year
The local aviation industry, which was badly hit by the global health crisis, is seen to achieve full recovery this year. This was according to the International Air Transport Association in a recent forum organized by the European Chamber of Commerce of the Philippines. During the Aviation Forum last week, Yuli Thompson, area manager for the IATA in Southeast Asia, said the Philippines and the rest of the Asia Pacific region’s aviation market is swiftly recovering and seeing a consistent rise in terms of growth in international and domestic travel. Thompson said passenger traffic trends for international flights in the Philippines were logged at 75 percent of 2019 levels as of June 2023. As for the Asia Pacific passenger forecast, Yuli maintained that domestic travel will fully recover in 2023, while international travel will occur sometime in 2026. Further, Asia Pacific will be seen to lead in traffic growth in the next 20 years. “However, overcoming current challenges riding on the current momentum, and meeting full recovery will require strong interventions from all players in the aviation sector,” he said. Infra investments For his part, Cebu Pacific Air chief executive officer Michael Szucs emphasized the need to invest in infrastructure, citing that “Philippine carriers will need to quadruple in size to cater to growing demand.” In her keynote speech, Secretary Grace Poe urged stakeholders to support necessary infrastructure investments, especially following the air system glitch incident earlier this year. The senator called for the acquisition of a new Communication, Navigation, and Surveillance/Air Traffic Management. Poe also recommended the hiring of a third-party maintenance provider for the CNS/ATM system. “It is my hope that the government, the private sector, and other stakeholders can work together and collaborate on air transport projects which will not only generate economic growth but also provide our people with excellent and affordable public services that can improve the quality of life for all,” she said. Also filed by Poe is Senate Bill 1121 which proposes the creation of a Philippine Transportation Safety Board. Under the directive of the current Marcos administration, Department of Transportation Undersecretary for Aviation and Airports Roberto Lim highlighted the government’s key priorities, including aviation safety and strengthening of learning institutions. Lim further noted the agency’s priority of strengthening the Civil Aviation Training Center and engaging with the private sector as close partners for Air Transport Skills Training and Development. “If we are able to train our air traffic controllers, we would not only meet our own requirements, but the requirements of other countries. We can develop this on an institutional basis,” said Lim. Open up the industry Kurt Edwards, director general of the International Business Aviation Council, also raised the fact that much could be gained “by opening the industry and making it more known to people.” In terms of managing safety risks, Captain Manuel Antonio Tamayo, director general of the Civil Aviation Authority of the Philippines, shared initiatives to advance safety capabilities in the aviation sector through the State Safety Program. The program employs a risk-based approach to regulations, capacity building and integration of a new organizational structure for monitoring and evaluation. Meanwhile, Transportation Secretary Jaime Bautista stressed that the DOTr’s goal to rehabilitate the Ninoy Aquino International Airport through a public-private partnership agreement, which he said, will present a “landmark opportunity for economic growth, improved infrastructure, and a world-class travel experience.” Added Bautista, “We are also developing regional airports, such as the unsolicited proposals for the operations and maintenance of the Bicol International Airport, Bohol-Panglao International Airport and Laguindingan Airport.” The post Domestic aviation rebounds this year appeared first on Daily Tribune......»»
No idle hours at franchise-less but booming ABS-CBN
Content supplier ABS-CBN seems to be amply rewarding the stars and talents who have chosen to stay put with the company after it lost its broadcast franchise. The loyal ones are hardly without a project that keeps them busy and (hopefully) well-compensated for what they do best. These stars include Maricel Soriano, Angel Aquino, Kathryn Bernardo, Andrea Brillantes, JM Guzman, Belle Mariano and screen sweetheart Donnie Pangilinan, Chie Filomeno, Kaori Ozuma and Anthony Jennings. Actors, hosts, singers, record producers and comic talents who have stayed with the network remain “well-oiled” cogs in the ABS-CBN entertainment machine. With Cory Vidanes and Lauren Dyogi as the media company’s top honchos, as well as production divisions that conceptualize and execute projects from beginning to end (such as Dreamscape, JRB Creative Production, Project 8 and Rise), there are no idle hours in the ABS-CBN corporate offices and studios. There are also directors (such as FM Reyes, Emmanuel Palo, Richard Arellano and Jojo Saguin), creative managers (such as Carmi Raymundo and Jay Fernando) and musical scorers who get projects one after the other even if only on a contractual basis. Romantic leading men A change of mindset and attitude has occurred among the big stars. They have become really professional entertainment artists who have realized they don’t have to play lead roles all time. They remain adored and respected even when they portray vicious personalities who make life hard for the lead characters. They can then reemerge in their next projects as virtuous lead characters. Romantic leading men Ian Veneracion and JM de Guzman did contemptuous characters in the action series Iron Heart, topbilled by Richard Gutierrez, Jake Cuenca and Albert Martinez. The show is slated to end in two weeks (with major scenes shot in Japan though the series’ main setting is Cebu). De Guzman has just attended the media conference for the series Linlang (Deception), which he headlines along with Paulo Avelino and Kim Chiu. A major supporting actor in the new series that begins airing on 5 October is Maricel Soriano, whose “special participation” in the afternoon series Pira-pirasong Paraiso started only a few weeks ago. Soriano portrays a well-off grandmother in Pira-piraso and Linlang. Linlang is helmed by FM Reyes, who directed the ongoing ABS-CBN and TV 5 co-produced afternoon series Nag-aapoy na Damdamin. The new series is a suspense-thriller that will stream exclusively on Prime Video, available in the Philippines and in more than 240 countries and territories worldwide. Linlang has only 14 episodes, and new episodes drop every Thursday at midnight. Surely favorable to the finances of stars and talents is the invariably large cast of ABS-CBN series these days. For instance, Iron Heart features in major roles Albert Martinez, Dimples Romana, Christian Vasquez, Sofia Andres, and young actors Enzo Pineda, Louise Abuel (who is male) and Iggy Boy Flores. It has had as guest actors Maja Salvador, Sue Ramirez, Meryl Soriano, Maricel Laxa, Joem Bascon, Pepe Herrera, Roi Vinzon, Carmen Soo, Fabio Ide, Richard Quan, Ruby Ruiz, Anna Luna, Ruben Soriquez, Krystal Brimner, Cris Villanueva, Alex Medina, Anna Marin, child star Althea Ruedas, Al Tantay, Diether Ocampo, Karina Bautista, Victor Silayan, Kyle Echarri and Lou Yanong. The show also has four directors: Richard Arellano, Lester Pimentel Ong, Wang Yan Bin and Ian Loreños. As for Linlang, its support cast includes Karla Estrada, Jaime Fabregas, Raymond Bagatsing, Albie Casiño, Jake Ejercito, Heaven Peralejo, Adrian Lindayag, Race Matias, Benj Manalo, Lovely Abella, Frenchie Dy, Ross Pesigan, Hanna Lexie, Juno Advincula, Connie Virtucio, Lotlot Bustamante, Meann Espinosa, Danny Ramos, Bart Guingona, Vance Larena and Marc McMahon. Whew! Who said ABS-CBN was a goner with the loss of its franchise? The post No idle hours at franchise-less but booming ABS-CBN appeared first on Daily Tribune......»»
Regional economies slowing down — WB
The World Bank expects East Asia and Pacific economies, excluding China, to grow by 4.6 percent this year as the Philippines catches up with digitalization. The WB prediction is slower than the previous 4.9 percent estimate announced by the multinational financial institution in April. If China is included, economic growth in the region is projected to settle at five percent, the World Bank’s report from Washington said last Sunday. “This is higher than average growth projected for all other emerging market and developing economies but lower than previously projected,” the World Bank said. “The East Asia and Pacific region remains one of the fastest growing and most dynamic regions in the world, even if growth is moderating,” World Bank East Asia and Pacific vice president Manuela Ferro said. The multinational financial institution said the region might continue to face challenges in supplies of goods as more typhoons hit the region in the fourth quarter this year and climate change persists. Geopolitical tensions The World Bank added geopolitical tensions aside from the Russia-Ukraine war threatens to further hamper trade. China, the world’s second largest economy, and the US have been exchanging export bans, especially on electronic and technology products. Meanwhile, the Philippines and other Southeast Asian states are protesting against China’s aggression in the West Philippine Sea. For these reasons, the World Bank said prices of goods and services might rise, forcing central banks in the region’s developing countries to raise interest rates to prevent inflation from accelerating further. However, this means consumers might cut back spending on certain goods and services, while businesses slow operations. Borrowing costs to remain high “Therefore, borrowing costs will likely remain high, constraining room for spending and raising the risk of debt distress in some countries. Furthermore, high indebtedness, combined with rising costs of servicing debt, will weigh on private investments,” the World Bank said. For its 2024 forecast, the bank is more optimistic that the region’s economy excluding China’s will expand from 4.6 percent to 4.7 percent. “Growth in the rest of the region is expected to edge up, as recovery in global growth and easing of financial conditions offsets the impact of slowing growth in China and trade policy measures in other countries,” the World Bank said. Philippine economic growth is seen to improve to 5.9 percent next year from a 5.6 percent forecast for this year. Meanwhile, China’s economy could shrink by 4.4 percent next year from a 4.8 percent estimate for 2023 due to persisting elevated debt, tamer demand for real estate, and aging population. Sustaining high growth to require reforms “Over the medium term, sustaining high growth will require reforms to maintain industrial competitiveness, diversify trading partners, and unleash the productivity-enhancing and job-creating potential of the services sector,” Ferro said. The World Bank reported digitalization and other reforms in government services in the Philippines increased productivity of firms by 1.5 percent from 2010 to 2019. Digital technologies, for example, can spread education and health services in the provinces to ensure a bigger pool of high-skilled and energetic workers. The post Regional economies slowing down — WB appeared first on Daily Tribune......»»
Int’l acclaim illuminates Meralco’s sustainability agenda
The Manila Electric Company continues to shine a spotlight on its unwavering commitment to sustainability with the recent accolade awarded to First Vice President and Chief Sustainability Officer Raymond B. Ravelo, who was named the "Sustainability Thought Leader of the Year for the Asia Pacific Region." The recognition was conferred during the Sustainable Company Awards 2023 by Environmental Finance. Ravelo was commended for his exceptional leadership in spearheading Meralco's sustainability agenda called "Powering the Good Life", which is marked by a distinctive focus on four pillars: Power, People, Planet, and Prosperity. Ravelo's achievement was the result of a rigorous selection process overseen by a distinguished panel of over 30 independent industry experts. The Sustainable Company Awards celebrates organizations and individuals who are at the forefront of reshaping corporate practices to ensure a sustainable future. “This recognition brings great pride to us in Meralco as it reflects our earnest commitment to sustainability. As we move towards building a sustainable energy future, we will continue placing sustainability at the core of our strategy and operations as a Company to bring forth a brighter future for all,” Ravelo said. Meralco, a recognized leader in the Philippine energy sector, has deeply rooted its sustainability agenda in the United Nations Sustainable Development Goals, with emphasis on clean energy, responsible consumption and production, and climate action. At the center of Meralco's sustainability thrust is its commitment to a just, orderly, and affordable transition to clean energy. This commitment involves securing at least 1,500 MW of its power supply from Earth-friendly sources and actively developing 1,500 MW in renewable energy power generation projects. Additionally, Meralco has been at the forefront of adopting alternative and sustainable transportation solutions, with the deployment of 156 electric vehicles to date, constituting 7 percent of the company’s fleet and surpassing the government's 5 percent vehicle electrification rate mandate. To advance gender diversity and inclusion in the workplace, Meralco has launched its D&I program “#Mbrace”, which significantly increased female representation in its workforce to 23%, over and above the global energy sector's average of 13 percent. Moreover, Meralco recently achieved its highest-ever environmental, social, and governance (ESG) ratings from global companies. Notably, MSCI Inc. upgraded Meralco's ESG rating to BBB in 2022 and maintained it in 2023, a remarkable progression from its BB rating from 2019 to 2021. MSCI evaluates over 8,500 companies worldwide based on general and industry-specific sustainability criteria. Likewise, Meralco attained a record high on its FTSE Russell ESG Rating, with a score of 3.2 in 2023. Meralco thus ranked higher than both the Philippine global energy sector ESG rating averages, with strong performance in risk management, labor standards, corporate governance, and anti-corruption practices. Furthermore, Meralco is now the first and only electric utility in the Philippines to be included in the Bloomberg Gender Equality Index, the only ESG assessment in the world focused on gender equality in the workplace. Meralco was recognized for distinctive performance in anti-sexual harassment policies, gender pay parity, and building an inclusive culture. “We are resolute in our commitment to powering the good life. Guided by the UN SDGs, we, in Meralco, will continue energizing cities and communities while preserving our planet, empowering our people, and creating prosperity for all,” Ravelo affirmed. The post Int’l acclaim illuminates Meralco’s sustainability agenda appeared first on Daily Tribune......»»
It’s imperative to rise in the Life Sciences and Global Innovation Index
Increasing and improving the quality of life sciences innovation in the country is mission-critical if we want our people to thrive and achieve a successful way of life. However, the life sciences, which include pharmaceuticals and medical technologies, is a complex sector heavily dependent on large capital due to the intensity of the research needed and the cost of development. The entire process, from research to commercialization, could take more than a decade, if not decades. Moreover, manufacturers are exposed to high risks, such as if field trials do not yield favorable results or if a product fails to meet regulatory standards. How then can we boost innovation outputs in this high risk and capital intensive sector? This was the question hanging over everyone’s head at the Asian Regional Conference in Support of Accelerated Life Sciences Innovation which IPOPHL and the World Intellectual Property Organization held earlier this September. In the Philippines, what we want is to sustain the momentum as patenting in life sciences has been growing over the years. Our data show that patent filings in the pharmaceutical sector have been growing by over 4 percent annually since 2020. Success in boosting life sciences innovation, as shown by the experiences of various countries, depends on robust incentives for research and development, a strong and balanced patent system and an effective rule of law. Another important factor is the establishment of trust among crucial players in the life sciences value chain, allowing them to collaborate and co-create. In fact, it was collaboration that paved the way for the world’s new and brave story of survival and recovery from the Covid-19 pandemic. In his opening remarks, Alejandro Campaña, senior director at WIPO’s IP for Innovators Department, highlighted collaboration as making possible the development and launch of vaccines in one and a half years, a far cry from the average 10 to 15 years. This was supported by WIPO’s patent applications data in which almost a quarter named more than one inventor as the patent holder. Rising in the GII In the Philippines, collaboration takes center stage in our innovation efforts with the creation of the National Innovation Council, created by the Philippine Innovation Act of 2019. The 25-member NIC, which IPOPHL is a member of, aims to transform Philippine innovation with more and better quality outputs. It also aims to elevate the country’s ranking in the Global Innovation Index from 59th to the top third of economies. The 16th edition of WIPO’s GII will be released on Wednesday, 27 September, during a hybrid event from 13:30 to 15:30 p.m. CEST (Geneva time). Centered on a very timely theme, “Innovation in the face of uncertainty,” the report will be discussed in greater detail in a panel discussion which will also talk about the way forward for global innovation. Aside from driving innovation in an imperative sector like the life sciences, the Philippines has been relentless in making the country’s overall innovation ecosystem more vibrant and productive. Our efforts must be reflected and justified in this next GII report where we hope to see the Philippines rise up and soar. The post It’s imperative to rise in the Life Sciences and Global Innovation Index appeared first on Daily Tribune......»»
BoI endorses P19-B SteelAsia steel mill
The Board of Investments has endorsed the P19.3-billion Batangas steel mill project of SteelAsia Lemery Works Inc. in Lemery, Batangas to the green lane to expedite the processing and issuance of permits and licenses as a strategic investment. In a statement on Thursday, the BoI said it endorsed the 500,000 metric tons, or MT, section mill project, through Executive Order 18 for green lane priority. The project is scheduled to start its operation in July 2024, employing 600 personnel and workers from the local town and nearby areas. BoI Governor Marjorie Ramos-Samaniego with Executive Director Bobby Fondevilla and Director Ernesto delos Reyes Jr. led the awarding of the Green Lane Certificate of Endorsement to the officials of SteelAsia on 15 September 2023. Ramos-Samaniego added that through the faster process, BoI, in collaboration with the Department of Information and Communications Technology, will come up with an online portal for Green Lane’s facilitation of strategic investments. The project is the greenfield design, erection, and commissioning of the Philippines’ first sections of production, a state-of-the-art hot-rolling production line with an upstream integrated recycling-based steelmaking. The Philippines ranked 20th among top steel importers globally, due to the lack of steel manufacturers. Imports from China In 2022 alone, the Philippines imported about $5.23 billion worth of steel, $2.18 billion of which was imported from China. Local steel manufacturing is deemed insufficient to address the growing demand for the product, especially with the increasing consumption of sections from both infrastructure projects and private developments. “Green Lane will be very helpful to the company. We consider it as a “win” for the country and we will convert this privilege into action,” said Benjamin Yao, chairperson and CEO of SteelAsia, noting that his company commits to supporting the goals of the nation of developing more infrastructure projects. SteelAsia’s project has an import-substitution strategy targeting the large and fast-growing domestic market for the sale of the mills’ output. The plant will manufacture using electric arc furnace technology to refine steel which will be used to hot-roll steel sections such as H-beams, I-beams, I-channels, and unequal leg angle bars. The presence of local manufacturers aims to lower the cost of construction, shorten construction periods, and further spur growth in domestic construction. It will also give rise to ancillary industries, such as structural steel services including design, engineering, and built-up steel structures. The post BoI endorses P19-B SteelAsia steel mill appeared first on Daily Tribune......»»
BSP maintains policy rate at 6.25%
The Bangko Sentral ng Pilipinas maintained its policy rate at 6.25 percent on Thursday to control the rise in inflation due to the looming higher food and transportation costs. Consequently, BSP retained interest rates on the overnight deposit and lending facilities at 5.75 percent and 6.75 percent, respectively. BSP said overall inflation might accelerate to 5.8 percent this year, up from its previous estimate of 5.6 percent and official level of 5.3 percent in August. The central bank also adjusted its inflation forecast upward to 3.5 percent from 3.3 percent for next year, while it kept initial projection of 3.4 percent for 2025. “The upward adjustments in the 2023 and 2024 projections reflect the spillovers from weather disturbances, rising global crude oil prices, and the recent depreciation of the peso” BSP Governor Eli Remolona Jr. said. He said drought from El Niño might reduce agricultural supply which would force businesses to increase food prices to sustain their operations and fulfill customer orders. The weather bureau said El Niño might persist until the first quarter next year. Food as a major inflation growth driver comprises over 30 percent of all the items in the consumer price index. Rice prices recently rose to P60 per kilo, forcing the government to impose price caps for regular and well-milled rice. “No fireworks were seen from the BSP with the central bank simply maintaining its current policy stance. The BSP opted for another “hawkish hold” by keeping policy rates at 6.25 percent while maintaining readiness to hike should data conditions warrant further tightening,” according to Nicholas Mapa, ING senior economist for the Philippines. High global oil prices Remolona added transportation fares and electricity charges will also likely increase as the commodities’ providers aim to recoup losses from higher global oil prices. These have increased by 15 percent over 11 weeks and amid the persisting war between oil exporting countries Russia and Ukraine. With its previous rate hikes of up to 425 basis points post-pandemic, BSP said consumption of certain goods and services has tempered, resulting in lower inflation rates in recent months from a peak of 8.7 percent in January. “At the same time, the BSP Monetary Board noted that recent indicators of domestic economic activity pointed to waning pent-up demand, even as the impact of prior monetary policy tightening continues to weigh on credit,” Remolona said. BSP said inflation would decelerate to government target of 2 percent to 4 percent in the last quarter of this year as long as supply issues do not surface. However, Remolona said the central bank’s Monetary Board is ready to increase its policy rate when supply shocks occur, especially of rice. To prevent rice supply issues, Remolona said the board supports the reduction of 35 percent tariff on rice imported from the members of the Association of Southeast Asian Nations. The Department of Finance suggests lowering the tariff to 0 percent to 10 percent depending on local rice production data. “The Monetary Board also reiterated the need for non-monetary interventions, including the temporary reduction of import tariffs with calibrated volumes and timely arrival of import commodities,” he said. The post BSP maintains policy rate at 6.25% appeared first on Daily Tribune......»»
A tribute to people working behind the scenes
Audiences always see the work that the actors, and rest of the cast — the so-called front-liners of a production — put into a successful performance, but they seldom are aware of the “backliners” — the backstage and production crew — who also spent time and energy on the production. As the cast receives applause and adulation, the behind-the-scenes crew often goes unnoticed — the costume designer who works on the fittings and alterations, the technical staff who makes sure that the lighting and sound system works, the production people who make the artistic vision come alive with their hammers, paint brushes, etc. Some take great pride in their backstage work such as Annie Ignacio and Amado Bonifacio III, who are in production design for the Cultural Center of the Philippines. A theater arts graduate of the Polytechnic University of the Philippines, Ignacio first encountered CCP when she was invited as a performer for Pasinaya: The CCP Open House Festival, the country’s largest multi-arts festival happening every February. After hearing great things about CCP from her friends who have been working at the premier cultural institution, she decided to try her luck and inquired about a job opening. Weeks later, she started her new job as part of the theater crew at the Production Design Center. Later on, she was promoted as a draftsman. [caption id="attachment_185925" align="aligncenter" width="525"] Amado Bonifacio III prepares a production’s scale model with his mentor Manong Junior.[/caption] Bonifacio, meanwhile, recalled undergoing an on-the-job training at CCP in 2016, a requirement to finish his engineering degree at the University of Manila. Two years later, in 2018, he became a reliever for one of the theater crewmembers. He was later tasked to supervise the layout of the CCP’s Christmas decorations. Ignacio and Bonifacio both trained under Francisco M. Galvero Jr., or “Manong Junior” to people he worked with. For more than five decades until his retirement last year, Manong Junior remained the only scenic painter of the CCP. After watching him create huge sets for different CCP productions, the mentees started shadowing this master. They would always see Manong Junior doing the scale models and then bringing these miniatures into life-sized sets and sceneries. Curiosity led Ignacio to this path. She would ask questions, inquire about the process of producing sets, find out how to make things realistic and experiment with colors and textures to make the design come alive, among others. “While working with Manong Junior, I noticed his hands. I told him that his hands look like my father’s hands,” shared Ignacio in an interview. Bonifacio added that Manong Junior served as a father figure to him and his fellow workers. “As a mentor, he gave us artistic freedom to explore. He allowed us to express our creativity, but he would appraise our works and rectify what we’d done wrong in a very patient way,” he said. Being a backstage crewmember has its share of ups and downs. Sometimes, several productions are scheduled simultaneously, with everything happening all at once. When these happen, the workload could become overwhelming for the crew. “There was a time when work piled up. We didn’t know what we should do first. My mind went blank, and I just cried. But after that, I returned to work as if nothing happened,” said Ignacio. Bonifacio noted a similar experience. “Even if we don’t want to, the nature of the work forces us to be workaholics. Things could get stressful and tiring, but we love what we are doing. That’s why we are still here.” For them, work does not feel like work. They find fulfillment in seeing what they worked hard for and pour their hearts into it. Ignacio’s biggest achievement to date was creating the now-iconic eye balloon for the Cinemalaya Philippine Independent Film Festival 2019. The work was displayed at the CCP Main Building Grand Staircase and became an instant hit as an Instagrammable spot among film enthusiasts. She also did the realistic bibingka and puto bumbong props for Tuloy Ang Pasko. These involved trials and errors, and hearing the compliments and receiving recognition made it all worthwhile. She said, “Manong Junior always told us not to be afraid to keep trying and make mistakes.” [caption id="attachment_185927" align="aligncenter" width="525"] Francisco M. Galvero Jr., with his apprentice Annie Ignacio, preparing the set for a ballet production.[/caption] Bonifacio, who takes pride in his work with the Art House Cinema facade decor and Sinag: Festival of Lights, reveals that he doesn’t see himself as an artist. It was only when his mentor Manong Junior recognized him as an artist that he started pondering about his work. They know that backstage work is rarely recognized, but CCP is paying homage to these unsung heroes through a series of mini-documentaries by filmmaker Joseph Mangat, Backstage Pass. Launched during Cinemalaya 19, the second installment features Manong Junior, who had been working on sets for various CCP productions since the early 1980s. The first release featured the technical theater crew in the lights and flying sections. More Backstage Pass episodes will feature the CCP film technicians, sound crew and costume custodians, as well as venue booking and front-of-house operations. The series also gives viewers a glimpse of the lesser-known careers in cinema and theater work. The post A tribute to people working behind the scenes appeared first on Daily Tribune......»»
Mexico, Pampanga honors BCDA chief Joshua Bingcang
Bases Conversion and Development Authority President and Chief Executive Officer Engr. Joshua M. Bingcang was recently commended by his hometown Mexico, Pampanga for his dedication to public service and exemplary leadership, enabling him to rise from the ranks. The Sangguniang Bayan of Mexico on 11 September 2023 presented Bingcang a copy of Municipal Resolution No. 138-2023, which expresses the municipality’s “pride and honor” on the recent appointment of Bingcang to the top management position of BCDA. This comes on the heels of the Angeles City Council’s resolution last month commending Bingcang for bringing pride to the province of Pampanga. “Engr. Bingcang has performed vital tasks that prove his commitment and love for Pampanga and the Metro Clark areas through his roles in the planning and implementation of key projects,” a resolution issued by the Sangguniang Bayan of Mexico read. Bingcang led the completion of some of BCDA’s biggest projects, which serve as major social and economic growth drivers in Northern and Central Luzon. These are the completion of the Philippines’ longest toll road, the Subic-Clark-Tarlac Expressway; the development of Clark Freeport Zone and the first phase of the National Government Administrative Center in New Clark City; as well as the expansion and modernization of Clark International Airport. “We at BCDA will not be able to achieve all these accomplishments without the help of our public and private sector partners, like the Municipality Government of Mexico. A lot still needs to be done. We would like to get your continued support as we move forward with our One Clark vision, which will further put Pampanga and the rest of Northern and Central Luzon into the center of investment and development,” Bingcang said. Climbing the career ladder, Bingcang started working at BCDA as Project Development Officer III in 1996. He then held various positions on development and project management through the years until his promotion as Senior Vice President for Conversion and Development Group in 2019. In March 2023, he was appointed as President and CEO of the Clark International Airport Corporation, a subsidiary of the BCDA. President Ferdinand R. Marcos, Jr. then appointed Bingcang as BCDA President and CEO, taking his oath of office before Executive Secretary Lucas P. Bersamin on 6 June in Malacañang Palace. Born and raised in Mexico, Pampanga, Bingcang is a licensed electrical engineer and holds a Master’s degree in Business Administration from the University of the Philippines. He also attended an Urban Policy and Governance program at the Nanyang Technological University, and trained at the Harvard Kennedy School in Public-Private Partnerships in Infrastructure. -end- The post Mexico, Pampanga honors BCDA chief Joshua Bingcang appeared first on Daily Tribune......»»
Phl to rely on rice imports from Vietnam, Cambodia
JAKARTA, Indonesia – The Philippines and Vietnam are working on a 5-year agreement to improve rice output and food security in the two Southeast Asian nations, Vietnamese Prime Minister Pham Minh Chinh said on Thursday. During their meeting on the sidelines of the ASEAN Summit, the Vietnamese leader told Philippine President Ferdinand Marcos Jr. that his country is ready to help the Philippines obtain food security and boost rice production. "Our two countries will conclude an inter-government agreement on rice trade so that our rice export to the Philippines will ensure food security in the Philippines," he told Marcos Jr. "We look forward to having a stable framework of cooperation on rice trade for a long period of at least (five) years," the Vietnamese official added. Prime Minister Pham Minh Chinh then said that Vietnam "will ensure" its rice production and told Marcos that the Philippines can also ensure imports from its neighboring country. Marcos Jr. then noted that his Vietnamese counterpart was ready to let the Philippines import rice as the Philippine leader acknowledged that food supply is a "main issue" in the Philippines. "In Asia, food supply is very much determined by rice and the prices," Marcos said. The Philippine president then expressed his optimism that both his country and Vietnam would have "very fruitful" arrangements. Rice imports from Cambodia In a separate bilateral meeting with Prime Minister Hun Manet here in Jakarta, Marcos opened up the possibility of sourcing rice from Cambodia to the Philippines. Marcos then asked for Cambodia's support in making things easier for rice importers so that there would be a steady rice supply after typhoons hurt rice production in the Philippines. Initially, business-to-business sales deals between Cambodian-based firm Khmer Foods company and rice importers in the Philippines resulted in the export to the Philippines of about 2,500 tons of rice in May this year. This was the first time the Philippines is importing a significant tonnage of rice from Cambodia after the passage of the Rice Tariffication Law in 2019, which liberalized rice trade in the Philippines and allowed private entities, instead of the government, to import rice from any country, subject to compliance with sanitary and phytosanitary requirements and import duties. Cambodian officials say that by 2024, they want to have a 1 percent share of the imported rice market in the Philippines. They have urged stakeholders to keep exporting rice to the Philippines and even increase the amount Cambodians export. *Aviation* With regard to civil aviation cooperation, both countries agreed to expand the direct flights between the Philippines and Cambodia given the improvements in the COVID-19 situation and easing of restrictions. “…I shall, as my homework when I get back, look into the possibility of our airline increasing the number of flights to other destinations in Cambodia that we would like to go to. This is something that goes both ways,” the President also said. The President also mentioned the cultural, educational, and people-to-people exchanges between the Philippines and Cambodia that could be enhanced further. “I’m very proud of our overseas Filipino workers and the teachers who have gone abroad and places. Many who’ve come from my part of the country and we have been able to assist our allies and our partners in terms of exchange of culture and the like,” Marcos said. The post Phl to rely on rice imports from Vietnam, Cambodia appeared first on Daily Tribune......»»
Semiconductor industry having a renaissance — player
Even if unharmed by the onslaught of the Covid-19 pandemic three years ago, the semiconductor industry is fast regaining momentum, and even experiencing a renaissance as proven by a top executive of CIRTEK Electronics Corporation, an independent complete solution provider for subcontract manufacturing of semiconductor devices. In his guest appearance on the DAILY TRIBUNE’s digital show Business Sense, Brian Liu, managing director and CEO of Cirtek Electronics Corp., said the company’s full-year 2022 performance has breached its all-time high performance in 2019. “We reached an all-time high prior to the pandemic in 2019. But because of the effects of Covid-19, world economies closed. Supply chain problems occurred. So, we took a bit of a slowdown during that time frame; 2020 to 2021 was a bit of a slowdown for us,” he said. Renaissance “We do believe that the semiconductor industry is in a renaissance right now where a lot of the supply pool is shifting away from Greater Asia and making its way to Southeast Asia so this should serve as a good tailwind for the semiconductor industry,” he added. According to tradingeconomics.com, semiconductor exports from the Philippines climbed 0.8 percent year-on-year to a seven-month high of $6.70 billion in June 2023, following an upwardly revised 2.4 percent gain in the prior month. Sales grew for electronic products (12.0 percent), other manufactured goods (2.8 percent), ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (14.6 percent), machinery and transport equipment (11.2 percent), and cathodes and sections of cathodes of refined copper (38.5 percent). By destination, sales increased to China (15.0 percent), Hong Kong (15.9 percent), the US (6.9 percent), the Netherlands (59.4 percent), South Korea (4.4 percent), Malaysia (3.1 percent), and the European Union (23.0 percent). Benefiting from WFH Further, he said the work-from-home arrangements during the pandemic have even generated pent-up demand for chips that they manufacture. “So basically, it is a mix, we keep our portfolio as diversified as possible. But back in the height of the pandemic, radiofrequency and communication chip sets comprised a large volume of our production because of the demand for work-from-home hybrid spaces. This prompted a lot of demand for higher bandwidth and connectivity,” he said. “Some of these chipsets go to the laptops that we work on so as you know demand for laptops also surged during work-from-home setups, and right now we’re seeing an industrial revolution where a lot of traditionally mechanical devices are being electrified,” he added. AI’s help As contentions about artificial intelligence or AI grow in various parts of the world, Liu said AI is beneficial to his industry in terms of improving their production. “Now we are seeing a new need for a new sub-segment such as artificial intelligence to power new automation and new devices through this automated way of machines learning and doing things on their own. This has created new device families as well, especially in the processing space and the hybrid system and packages. We are talking about multi-function chip sets being consolidated into one system. Hence a new product family is being derived,” he explained. Liu maintained that the semiconductor industry will remain a very crucial part of everybody’s lives, seeing that semiconductors comprise the very impetus of technology itself. “So, any gadget, any device, or any equipment would not be able to function without the aid of semiconductors, and because of the continuous evolution of technology and new innovations being created, this catalyzes new semiconductor device families to be continuously created, and that’s why I do believe that semiconductors play a crucial role as the building block of technology itself,” according to Liu. The Cirtek Group harnesses more than 29 years of expertise in the assembly and testing segment of the semiconductor industry and has been accredited and certified by several international quality institutions for the latest quality system standards. Beginning with just three customers in 1984, the company through its subsidiaries has significantly grown its customer base to 42 at present. “We are an independent Filipino semiconductor company, located at the Heart of Laguna Techno Park. Basically, we maintain a very highly diversified portfolio, so we do semiconductors for RF and communications, industrials, aerospace, consumer, system, and packages, and automotive as well,” Liu stated. The post Semiconductor industry having a renaissance — player appeared first on Daily Tribune......»»
Family Matters’ wins big at 39th Luna Awards
Family Matters won big at the 39th Luna Awards held Saturday night, 26 August, at the Quezon City Sports Club. The family drama produced by Cineko Productions Inc. was named Best Picture by the award-giving body made up of the Film Academy of the Philippines and supported by the Movie Workers Welfare Foundation Inc. Its cast members Noel Trinidad and Mylene Dizon bagged the trophies for Best Actor and Best Supporting Actress, respectively, while production designer Elfren Vibar got his own award in his category. “Nakuha sa dasal, kaya thank you, Lord,” Trinidad said in his acceptance speech. “I want to share this award sa lahat na-involve sa pelikula. Para na rin kaming isang pamilya talaga. Nagmamahalan, may tampuhan.” He then thanked director Nuel Naval and screenplay writer Mel Mendoza-Del Rosario. The 82-year-old actor, who plays the patriarch of a family worried sick about him and his wife (Liza Lorena), added, “Shini-share ko ang award na ito sa lahat ng actors at actresses na nakaeksena ko na kasama sa pelikula dahil ang gagaling nilang lahat. Kaya bawat eksena na kasama sila, nagiging very challenging and exciting. So, hindi lang para sa ’kin ’to. Sa atin lahat ito.” He also thanked his real-life wife Lally “for supporting me all these years sa lahat ng projects ko. I love you.” Trinidad bested other lead actors Sid Lucero (Reroute), Cesar Montano (Maid in Malacañang), Christian Bables (Mahal Kita, Beksman) and Jerome Ponce (Katips). In the Best Actress category, Heaven Peralejo emerged as the winner for her impressive performance in the thriller Nanahimik ang Gabi. She won over Liza Lorena (Family Matters), Cristine Reyes (Maid in Malacañang), Cindy Miranda (Reroute) and Belle Mariano (An Inconvenient Love). “Thank you so much to FAP for making a kid’s dream come true,” Peralejo said while accepting her award. “Seven years ago, pangarap ko lang po ’to. Ngayon, this is a big thing for me. I love my job so much, and this means a lot. Thank you.” The 23-year-old actress expressed her gratitude to Lauren Dyogi, who heads the Star Magic talent management agency she was under contract with when the offer to do Nanahimik ang Gabi came. She’s now under the care of Viva Artists Agency. She also gave props to her mother Shirley Luanne, a.k.a. “my mommyger,” saying, “I hope I made you proud. Promise, I’ll keep making you proud.” For her part, Dizon bested in the supporting actress category her Family Matters costar Agot Isidro, as well as Beverly Salviejo (Maid in Malacañang), Elizabeth Oropesa (Maid in Malacañang) and Lara Morena (Relyebo). Dizon, who plays a daughter worried about her parents while also busy raising her own family, thanked her movie’s director and screenplay writer “for choosing me to play Fortune.” She then turned to the people behind the Luna Awards. “It’s such a privilege to work in a film like Family Matters po. Maraming salamat po ni-recognize n’yo ang pelikula namin, na akala namin inisip lang namin na maganda ang pelikula namin. Totoo pala.” Best Supporting Actor winner John Arcilla sent his two sisters to accept his award. The internationally acclaimed actor won against Nonie Buencamino (Family Matters), Keempee de Leon (Mahal Kita, Beksman), Vince Tañada (Katips) and Mon Confiado (Nanahimik ang Gabi). The award for Best Director went to Mikhail Red (Deleter), besting Nuel Naval (Family Matters), Perci Intalan (Mahal Kita, Beksman), Darryl Yap (Maid in Malacañang), Vince Tanada (Katips) and Shugo Praico (Nanahimik ang Gabi). For Best Screenplay, Martika Ramirez Escobar (Leonor Will Never Die) prevailed over Mel Mendoza-Del Rosario (Family Matters), Eric Ramos (Mamasapano), Darryl Yap (Maid in Malacañang) and Joaquin Enrico Santos (An Inconvenient Love). The technical awards went to Carlos Mauricio (Best Cinematography, Leonor Will Never Die), Elfren Vibar (Best Production Design, Family Matters), Lawrence Ang (Best Editing, Leonor Will Never Die), Jazz Nicolas and Mikey Amistoso (Best Musical Scoring, Blue Room) and Andrea Idioma (Best Sound Design, Nanahimik ang Gabi). Four special awards were given out in recognition of the outstanding contributions to the cinematic arts and the entertainment industry. Senator Imee Marcos received the Golden Reel Award through her representative, Elizabeth Marcos. Actor Leo Martinez, who also served as FAP director general from 2003 to 2019, accepted the FPJ Lifetime Achievement Award from Mowelfund chairperson and actress Boots Anson-Roa. National Artist for Film and Broadcast Arts Ricky Lee was given the Manuel de Leon Award for Exemplary Achievements as a writer and an educator. Cinematographer Conrado Baltazar was honored posthumously with the Lamberto Avellana Memorial Award for his timeless works, such as in the classic films Jaguar, Angela Markado, Tinimbang Ka Ngunit Kulang, Insiang and Gumising Ka, Maruja. The post Family Matters’ wins big at 39th Luna Awards appeared first on Daily Tribune......»»
Extra rice, please
If only it were possible to give up rice, perhaps Filipinos once again grappling with rising prices of the grain would prefer something else to go with their daing or adobo. Alas, kare-kare, caldereta, and most sauce-y Pinoy dishes are no good without steaming white rice. It’s not all about taste or eating habits either. Most Filipinos eat a lot of rice because it is filling. A movie starring the comedian Dolphy featured a family sharing a plateful of rice, taking turns sniffing at a piece of salted fish before gobbling down a mouthful of the kanin (cooked rice). It filled their bellies and certainly fired up their imaginations. In fact, jokes abound about the Pinoy getting by with unli (unlimited) rice, a little soup, or even that fried chicken gravy. It is no laughing matter, however, that many of our kababayans cannot afford a balanced meal containing proper amounts of carbohydrates, proteins, and vegetables regularly. Rice is supposed to be cheap and readily available. Yet here we are, still on the hunt for the P20 per kilo rice promised during the last State of the Nation Address. We sent someone out to buy that rice, but he came back empty-handed. The cheapest kilo of rice, he said, cost P50. And news lately of rice prices expected to continue rising until September leaves us wondering — once again — how in the world did the agricultural Philippines end up importing rice in the first place? Vietnam, which learned rice technology from us, currently pegs the price at “$540 per metric ton, (or) about P30 to P32 per kilo,” said Philippine Chamber of Agriculture and Food Inc. president Danilo Fausto in a dzBB Super Radyo interview, as reported in a news article. This, he added, is higher than its prices at other times of the year, at “$420 to $440, about P23 to P24 per kilo.” We need to import rice so that the country will have enough supply, he said, suggesting that government should “intervene” and discuss the supply issue with our ASEAN neighbors. Some sources blame the rise in rice prices on “the effects of price manipulation and price speculation,” pointing a finger at businessmen who use the supply and demand equation to make more profit. On the other hand, price watchdogs say it’s the government that has failed to keep a tight rein on prices, letting the fluctuations happen because of inaction. But, perhaps, it is more of slow action that is ailing our government. The Commission on Audit’s latest report released this month flagged the Department of Agriculture over one, “its failure to distribute a total of 855,493 bags of rice seeds meant for farmers under the P10-billion Rice Competitiveness Enhancement Fund;” and two, failure “to distribute 2,088 pieces of farm machinery, out of the total 22,520 procured equipment.” Also, some “14,192 bags of rice seeds were damaged” while the rest were either donated or kept for the next planting season. Whatever may have caused these incidents, the fact remains that our farmers were “deprived of their needed assistance,” said CoA, and state funds have been likely wasted over damaged goods and equipment rusting in their yards. A review of the Rice Tariffication Law is once more called for. Better prioritization is also demanded of the agencies concerned tasked to support our farmers and the local production of rice, as well as those tasked to protect consumers from price hikes. If the world supply is low, we could try to eat less rice and try other alternatives. There’s always a choice of bread or corn, or even the much-derided kamote, to eat with your Iberian roast chicken — but for bangus, bistek, and sinigang — extra rice, please. The post Extra rice, please appeared first on Daily Tribune......»»
Farmers urged: Enlist with RSBSA
Department of Agriculture Undersecretary Leo Sebastian over the weekend urged farmers to register for the Registry System for Basic Sectors in Agriculture as part of the minimum requirement to obtain certified seeds through the Rice Competitiveness Enhancement Fund. Sebastian — who also heads the Rice Industry Development — made the call following the release of a midterm evaluation report by the International Rice Research Institute which showed that many farmers who could be recipients of certified seeds are not yet registered in the RSBSA. The RCEF budget allocation was evaluated based on the results from the quantitative and qualitative assessments using four criteria — quantitative impact on yield, inclusivity of the component, budget utilization and efficiency in achieving stated targets. The seeds component received high marks on all four criteria, which suggests overall efficiency of the program in meeting its goals and relevance for individual farmers but many farmers who could be recipients of CS are not yet registered in the RSBSA during the period covered in the evaluation. Sebastian also said that despite the high utilization rate of certified seeds that farmers received from the RCEF seed component, the Philippine Rice Research Institute confirmed that 3 to 5 percent of farmers had experienced late delivery of certified seeds. The midterm evaluation also brought up the need to establish a mechanism to identify locations where delivery is late, followed by synchronization of the timing of seed delivery with the cropping calendar in areas where late seed delivery was experienced. RCEF was designed to improve the competitiveness of rice production in the Philippines to increase the income of farmers. Central to current efforts in promoting the competitiveness of rice farming is the creation of the RCEF made through the passage of the Rice Tariffication Law in March 2019. The four component programs of RCEF — seed, mechanization, extension and credit — aim to help attain the goal of improving the competitiveness of Filipino rice farmers, increase their income, and sustain the resilience and responsiveness of the industry. The post Farmers urged: Enlist with RSBSA appeared first on Daily Tribune......»»
Farmers encouraged to register with DFA program
Department of Agriculture Undersecretary Leo Sebastian, head of the Rice Industry Development, urges farmers to take advantage of registering with the Registry System for Basic Sectors in Agriculture as part of the minimum requirement to obtain certified seeds through the Rice Competitiveness Enhancement Fund (RCEF). Sebastian said the call was made through a midterm evaluation report conducted by the International Rice Research Institute, which noted that farmers should be encouraged to register to take advantage of the RCEF. The RCEF budget allocation was evaluated based on the results from the quantitative and qualitative assessments using four criteria: quantitative impact on yield, inclusivity of the component, budget utilization, and efficiency in achieving stated targets. "The seeds component has high marks on all four criteria, which suggests the program is meeting its goals and relevance for the individual farmers. However, many farmers who could be recipients of CS are not yet registered in the RSBSA during the period covered in the evaluation," Sebastian explained. He added that despite the 95 to 97 percent utilization rate of certified seeds that farmers receive from the RCEF seed component, the Philippine Rice Research Institute (PhilRice) confirmed that 3 to 5 percent of farmers had experienced late delivery of certified seeds based on surveys that were echoed by focused group discussions and key informant interviews. The midterm evaluation, which was up to July 2023, also brought up the need to establish a mechanism to identify locations where delivery is late, followed by synchronization of the timing of seed delivery with the cropping calendar in areas where late seed delivery was experienced. RCEF was designed to improve the competitiveness of rice production in the Philippines to increase the income of farmers, according to Sebastian. "Central to current efforts in promoting the competitiveness of rice farming is the creation of the RCEF made through the passage of the Rice Tariffication Law in March 2019," the DA official said. "Section 13b. of Republic Act 11203 creating RCEF provides that PhilRice use 30% of the RCEF (P3 billion) to implement the development, propagation and promotion of certified inbred rice seeds to rice farmers and the organization of rice farmers into seed grower associations/cooperatives engaged in seed production and trade," he farther explained. Specifically, the seed component aims to: 1. Increase utilization of certified inbred rice seeds in provinces with a high potential of improving competitiveness; 2. Improve quality, availability of, and access to certified inbred rice seeds; and 3. Increase the number of organized farmers engaged in seed production and trade. Since the RCEF implementation in 2019, rice supply has become more stable with record production of 19.96 million tons (palay terms) in 2021. Rice production slightly declined in 2022 with 19.76 million tons, but this level is still much higher than rice output in the first two years of the RCEF program. The midterm evaluation said rice yield also increased from 4.04 tons/ha in 2019 to 4.11 tons/ha in 2022. Domestic rice production is also complemented by imports with an average volume of 3 million tons (milled terms) over the period 2019-2022. Aside from improvements in national rice output, prices of milled rice decreased much more rapidly following the RTL. This enabled the country to compete with prices in its rice-producing neighbors like Thailand and Vietnam. "The evaluation noted that rice inflation declined with RCEF leading to stabilized prices of milled rice. Likewise, there was a pronounced decline in farmgate prices of palay between 2019 and 2021 but prices were relatively stable since 2022, enabling farmers to enjoy stable rice prices because they are shielded from periods of abnormally low prices and this enhances efficiency in the farm sector," Sebastian said. RCEF was designed to improve the competitiveness of rice production in the Philippines to increase the income of farmers. Central to current efforts in promoting the competitiveness of rice farming is the creation of the RCEF made through the passage of the Rice Tariffication Law in March 2019. The four component programs of RCEF – seed, mechanization, extension, and credit aim to help attain the goal of improving the competitiveness of Filipino rice farmers, increasing their income, and sustaining the resilience and responsiveness of the industry. To this end, the four programs collectively target to contribute to increasing yield up to 5t/ha in medium-yielding provinces and 6t/ha in high-yielding provinces. They also strive to contribute to reducing production costs by 30 percent, reduce postharvest losses to 12 percent and trim down marketing costs by P1/kg. The post Farmers encouraged to register with DFA program appeared first on Daily Tribune......»»
Spending beyond means
The proposed 2024 national budget amounting to P5.768 trillion translates to an average daily expenditure of P15.8 billion. What is disturbing is the P15.8 billion that will be spent every day will not come from government revenues. Explaining the daily computation to get a full grasp of the budget dimensions, House Deputy Speaker Ralph Recto said only P11.7 billion is supported by revenues from the Bureau of Internal Revenue and the Bureau of Customs which are estimated to collect a combined total of more than P11 billion daily. This means P4 billion will have to be borrowed daily. According to Budget Secretary Amenah Pangandaman, the national government intends to borrow P2.46 trillion in 2024 to support the P5.77 trillion spending program. What this means to an ordinary Juan is that the Philippines will be mired in debt with P2.46 trillion added to the P14.10-trillion outstanding debt as of 31 May — debt that will be passed on to future generations for repayment. Through the decades of defending proposed budgets before Congress, administrations had become highly skilled at emphasizing and promoting what will be spent; but never the significant amount of money needed to finance the budget. A government spending beyond its means is synonymous with expenditures exceeding available resources and revenue. It often leads to budget deficits, increasing debt levels, and potential economic instability. While the national government may have valid reasons to increase spending to stimulate economic growth or address critical social needs, sustained overspending without appropriate revenue sources can have severe consequences. Looking outside government for a simple analogy is household spending. When a household consistently spends more than it earns, it must borrow money to cover the shortfall. This borrowing through credit cards and cash loans to buy wants, not needs, adds to the family’s outstanding debt, and the interest payments on the debt can become a significant burden. In the case of the government, as debt levels rise, lenders may become hesitant to provide additional funds, leading to an increase in borrowing costs and reduced investor confidence. It creates a vicious cycle where the government must allocate a growing portion of its budget to debt servicing, limiting resources for essential services and investments. Experts say that when a government pumps a significant amount of money into the economy through increased expenditures, it can lead to an increase in prices. When the supply of money outpaces the production of goods and services, it erodes the purchasing power of individuals and businesses. Repeatedly, we are made to understand that the projected borrowings have been planned out by the government’s economic team to sustain the country’s economic growth, recovering from the Covid-19 pandemic. What we are kept in the dark about is how these debts are repaid. Why is it that only the interest payment is included in the national budget? How about the payment for the principal, amortization and real debt service expenditures? Addressing a situation where a government is spending beyond its means requires careful fiscal management and responsible decision-making. It pays to evaluate spending priorities and ensure that expenditures are aligned with the country’s long-term economic and social goals. Filipinos would love to see the implementation of spending cuts or to find ways to enhance revenue through measures like tax reform, increased efficiency in tax collection, and political will to eradicate smuggling. By striking a balance between spending and available resources, the government can ensure long-term economic stability and the well-being of its citizens. Let’s take the cue from American lecturer Henry Wheeler Shaw who said, “Debt is like any other trap, easy enough to get into, but hard enough to get out of.” The post Spending beyond means appeared first on Daily Tribune......»»
Time for the Philippines to go nuclear
With the scorching heat of the sun still going on and the looming dry spell as a result of the El Niño phenomenon, more Filipinos are using electricity to beat the soaring temperature. Unfortunately, the supply of power cannot cope with the demand, so power outages have also become common. [caption id="attachment_167841" align="aligncenter" width="2560"] Many Filipinos are increasingly unable to afford power costs, with the cost of electricity in the country among the highest in Southeast Asia. | Photographs Courtesy Of The Philippine Nuclear Research Institute.[/caption] Many Filipinos are also increasingly unable to afford power costs. The cost of electricity in the country is among the highest in Southeast Asia, according to a paper penned for the Ateneo Center for Economic Research and Development. In the Philippines, the kilowatt per hour is $0.16. Compare that to Thailand and Indonesia ($0.10/kWh) and Malaysia ($0.05/kWh). At $0.18/kWh, only Singapore surpasses the country’s Philippines rates. About 50 percent of the country’s power generation comes from coal, with natural gas and renewables accounting for just over 20 percent and the rest coming from oil-fired boilers. The country’s electricity consumption is expected to triple by 2040 — from the 90.2 TWh (Terawatt-hour) in 2018 — due to the rapidly growing economy. It’s time for the Philippines to transition away from its reliance on coal. The adoption of nuclear power is the fastest option and would make electricity costs more affordable, according to the Philippine Nuclear Research Institute. PNRI Director Carlo A. Arcilla said including nuclear power in the country’s energy mix would be beneficial to consumers as it would bring down expensive electricity rates and provide a stable source of power. Gayle Certeza, convenor of Alpas Pinas, a group that educates and advocates for nuclear energy, agrees. “We believe that nuclear energy will positively impact the lives of Filipinos because it will mean lower electricity rates that will better allow for more savings,” she said in a Daily Tribune feature. During the presidency of Rodrigo R. Duterte, Executive Order 164 was signed to include nuclear power in the country’s energy mix. Under the policy, the country “shall ensure the peaceful use of nuclear technology anchored on critical tenets of public safety, national security, energy self-sufficiency, and environmental sustainability.” Energy security The Department of Science and Technology supported EO 164, saying: “Nuclear power is envisioned to bring down the cost of electricity and to contribute to energy security considering the various limitations now being encountered in the other sources which includes natural gas, geothermal, hydro and coal.” The DoST is a member of the Nuclear Energy Program Interagency Committee, tasked to study the adoption of a national position on nuclear power. Nuclear power is one of two major alternatives to fossil fuels; the other is renewable energy (solar power, wind power, hydroelectric, geothermal energy and biomass energy). “Renewables and nuclear can complement each other,” said Arcilla in an interview. “Wind and solar depend on the status of the weather, and they only a 30-percent capacity factor unless you have an expensive battery.” Solar energy also requires one hectare of land to produce one megawatt. “This will become more challenging since the Philippines is an archipelagic country,” Arcilla said. Nuclear, on the other hand, “is more of a baseload energy, meaning it is more reliable due to its continuous production of energy. It could provide backup for wind and solar.” Threats and risks Groups such as the World Nuclear Association, the International Atomic Energy Agency and Environmentalists for Nuclear Energy contend that nuclear power is a sustainable energy source that reduces carbon emissions. But opponents, such as Greenpeace International and Nuclear Information and Resource Service, warn that nuclear power poses many threats to people and the environment, including the problems of processing, transport and storage of radioactive nuclear waste, the risk of nuclear weapons proliferation and terrorism, as well as health risks and environmental damage from uranium mining. Because of these risks, Dr. Art Romero, a geoscientist at Lawrence Berkeley National Laboratory Berkeley, California, emphasizes the need to conduct due diligence, technical hazard studies and engineering and safety reviews. If the Philippines went nuclear, where would it put nuclear waste? “It is very challenging to manage nuclear waste as it will last up to 10,000 years,” acknowledged Arcilla. “We need to isolate them from the human environment.” Arcilla suggests deep borehole disposal. “In the Philippines, we have the capability to drill up to three kilometers. So what we can do is to go to an isolated island, drill up to one kilometer, then we plug in bentonite.” It’s not the first time the Philippines will go nuclear. The Bataan Nuclear Power Plant was built by Westinghouse during the time of Ferdinand Marcos at a cost of $2.2 billion, but it was mothballed in 1986 due to safety concerns and allegations of corruption, even before it could begin operations. During the administration of Gloria Macapagal-Arroyo, proponents wanted the BNPP rehabilitated. But the project was projected to cost a hefty $1 billion. In 2019, a public perception survey indicated that 79 percent of Filipinos supported the rehabilitation of the shelved BNPP. In addition, 65 percent approved the building of new nuclear power plants. Nuclear power is the second largest source of low-carbon electricity today. With almost 500 operating reactors globally, it provides 10 percent of global electricity supply. It’s time for a rapidly developing country like the Philippines to take a second look at this critical power supply option. The post Time for the Philippines to go nuclear appeared first on Daily Tribune......»»
Phl tourism industry needs sustainable champions
Senator Christopher "Bong" Go emphasized the importance of sustainable tourism and environmental protection during the Philippine Councilor's League Occidental Mindoro General Assembly held on 3 August at Acacia Hotel in Davao City. A Davaoeño, Go began his speech by warmly welcoming the participants to his home city of Davao and expressing his gratitude for the trust and opportunity to serve the Filipino people. “Alam n’yo, parati naming naririnig kasi na pinapasalamatan kami ni dating pangulong (Rodrigo) Duterte sa mga tulong, sa mga proyekto, sa mga Malasakit (Center) o ano pa man,” said Go. “Huwag ho kayong magpasalamat sa akin. Sa totoo lang po, kami po ang dapat magpasalamat sa inyo dahil binigyan n’yo po kami ng pagkakataon na makapagserbisyo po sa inyo," he added. Go, known for his relentless work ethic, recounted his travels across the country and his efforts to provide assistance during natural disasters such as typhoons, earthquakes, and volcanic eruptions. "Kung trabaho naman po ang pinag-uusapan, wala akong pili. Twenty-four hours po, mula umaga, tanghali, hapunan, kahit sa panaginip, kahit sa kubeta, nagtatrabaho ako,” he said. The senator's speech took a focused turn toward the theme of the assembly, "Mobilizing Legislation and Governance through Sustainable Tourism and Environmental Protection," emphasizing the importance of sustainable tourism practices and the need to preserve the country's natural resources. "Tourism can be a powerful catalyst for economic growth, creating jobs and generating revenue. However, it must be done in a manner that respects our ecosystems and preserves the very attractions that draw visitors to our shores," Go stated. He also emphasized the importance of community-based tourism initiatives, saying, “Engaging in community-based tourism initiatives can empower our people, allowing them to actively participate in decision-making processes and benefit equitably from tourism-related activities.” In addition to tourism, Go talked about the critical importance of environmental protection. He called on the councilors to pass ordinances that safeguard natural heritage, regulate land use, and curb activities that degrade the environment. "Our biodiversity is a treasure that must be preserved for future generations. From our lush forests to our pristine beaches, every ecosystem plays a crucial role in maintaining ecological balance," he said. Go co-authored Senate Bill No. 1841, which seeks to enhance the preservation and safeguarding of the cultural heritage of the Philippines by means of cultural mapping. Meanwhile, Go also shared his priorities as chairperson of the Committee on Health, including the expansion of the Malasakit Center program and the establishment of Super Health Centers (SHCs). Malasakit Centers bring together representatives from the Department of Social Welfare and Development, Department of Health (DOH), Philippine Health Insurance Corporation, and Philippine Charity Sweepstakes Office. These one-stop shops aim to support impoverished patients in reducing their hospital costs to the least possible amount. Go is the principal author and sponsor of Republic Act No. 11463 or the Malasakit Centers Act of 2019, which institutionalized the Malasakit Centers program. To date, 158 operational centers have helped more than seven million Filipinos nationwide, according to DOH. He also reiterated his commitment to support the establishment of more SHCs across the country, considering how they can significantly help reduce hospital occupancy rates while bringing government medical services closer to the grassroots. Services offered in the SHCs include database management, out-patient, birthing, isolation, diagnostic (laboratory: x-ray and ultrasound), pharmacy, and ambulatory surgical unit. Other available services are eye, ear, nose, and throat (EENT) service, oncology centers, physical therapy and rehabilitation center, and telemedicine. "Nalulungkot po ako tuwing naririnig ko ‘yung mga kababayan nating mga mahihirap po na ayaw magpa-checkup, ayaw pumunta ng hospital dahil sa takot sa babayaran sa ospital... Tulungan po natin ang mga mahihirap po nating kababayan," he urged. Go then took the time to acknowledge all local officials present at the assembly, expressing his gratitude for their support and trust. He called for unity and collaboration across political affiliations and geographical boundaries. He likewise encouraged the councilors to learn from successful initiatives in other regions and adapt them to the unique needs of Occidental Mindoro. “Let us unite and rise to the occasion, embracing the theme of this assembly with determination and dedication. Together, we can create a legacy of responsible stewardship that will leave a lasting impact on future generations," he said. "Mahalin po natin ang ating kapwa Pilipino, hinding-hindi po tayo magkakamali. Iyan po ang natutunan ko kay dating pangulong Duterte,” concluded Go. The post Phl tourism industry needs sustainable champions appeared first on Daily Tribune......»»