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Living near green space makes you 2.5 years younger — study
City parks and green spaces help counter the heat, boost biodiversity, and instill a sense of calm in the urban jungle. They also help slow biological aging, with people who have access to green spaces found to be on average 2.5 years biologically younger than those who do not, according to a new study published Wednesday in Science Advances. "Living near more greenness can help you be younger than your actual age," Kyeezu Kim, the study's lead author and a postdoctoral scholar at Northwestern University's Feinberg School of Medicine, told AFP. "We believe our findings have significant implications for urban planning in terms of expanding green infrastructure to promote public health and reduce health disparities." Exposure to green spaces has previously been linked with better cardiovascular health and lower rates of mortality. It's thought that more physical activity and social interactions are at play, but whether parks actually slowed down aging on a cellular level has been unclear. To investigate, the team behind the study examined DNA chemical modifications known as "methylation." Prior work has shown that so-called "epigenetic clocks" based on DNA methylation can be a good predictor of health conditions such as cardiovascular disease, cancer, cognitive function, and a more accurate way of measuring age than calendar years. Kim and colleagues followed more than 900 white and Black people from four American cities -- Birmingham, Chicago, Minneapolis, and Oakland -- over a period of 20 years, from 1986-2006. Using satellite imaging, the team assessed how close the participants' residential addresses were to surrounding vegetation and parks, and paired this data with blood samples taken in years 15 and years 20 of the study, to determine their biological age. The team constructed statistical models to evaluate the results, and control for other variables, such as education, income, and behavioral factors like smoking, that might have affected the results. They found that people whose homes were surrounded by 30 percent green cover within a five-kilometer (three-mile) radius were on average 2.5 years younger biologically compared to those whose homes were surrounded by 20 percent green cover. The benefits were not evenly shared. Black people with more access to green space were only one year biologically younger, while white people were three years younger. "Other factors, such as stress, qualities of the surrounding green space, and other social support, can affect the degree of benefits of green spaces in terms of biological aging," said Kim, explaining the disparities required further study. For example, parks in deprived neighborhoods used for illicit activities might be less frequented, negating the benefits. Next steps might involve investigating the link between green spaces and specific health outcomes, she added. It's also not yet clear how exactly greenery reduces aging -- only that it does, added Kim. Epidemiologist Manuel Franco, of the University of Alcala and Johns Hopkins, called the research a "well-designed study." "We have more and better scientific evidence to increase and promote the use of urban green spaces," added Franco, who was not involved in the study. The post Living near green space makes you 2.5 years younger — study appeared first on Daily Tribune......»»
Following These 8 Steps for Heart Health May Slow Biological Aging by 6 Years, Research Shows
New Research Shows Link between Strong Heart Health and Slower Biological Aging A groundbreaking study has revealed a direct correlation between cardiovascular health and the.....»»
Delightful discovery: Wilbert Rossas a sensitive singer-songwriter
If you need (or want) to balance off JK Labajo’s roaring, moaning, shrieking, cussing singing in his latest blockbuster single “Ere”, go for Wilbert Ross’ EP album Lampara, recently released by Viva Music on major music platforms. An actor just like Labajo, Ross emotes pain, loss and acceptance of one’s dire straits with restrained anger and without cursing. Ross wrote four of the six songs in the album — none of which, by the way, is titled Lampara. The album’s title is really an announcement of Ross’ intention for his music and lyrics to be a guiding light for the multitude, so to speak. The album’s lead song is “Handa Ako,” which he performs serenely with indie singer Mika Salamanca. “Byahe Ng Buhay”, meanwhile, takes listeners on a lyrical journey through life’s ups and downs. “Dramatic Actor” combines melodious vocals with a touch of drama. “Benteng Ukit” could have been rendered in a frenetic, howling style, but, sorry, that’s not Ross’ style of singing. The song is about self-inflicted wounds, and Ross wrote it during a bout with clinical depression at the height of the pandemic. The two other cuts in the album are “Nakangiti” and “Andito Lang Ako.” It was as a contestant at ABS-CBN’s singing contests Tawag ng Tanghalan of It’s Showtime and Pinoy Boyband Superstar that Ross took his first steps into showbiz. He was in his teens, fresh from Davao, and still using the surname “Rosalyn,” which seems to be the surname of his stepfather. Ups and downs At the recent media launch for Lampara, Ross shared that his Chinese biological dad left the family during Ross’ childhood. His mom is Indonesian. His biological dad passed on two years ago, but Ross got to meet him as a grown-up once or twice. The tall, soft-spoken, very articulate (in Tagalog) Wilbert began to use “Ross” as a showbiz surname when he was recruited to join the second batch of the singing and dancing boy group Hashtags for It’s Showtime. Ross said he has been writing songs for years now and recording them as a soundtrack for some of his acting assignments, such as the Puregold supermarket chain’s web series Ang Lalake sa Likod ng Profile which ended last July. He has no love life at this point, he said, which seems to be a requirement in Pinoy showbiz to sustain interest in an actor’s career. And the stars have to write about the ups and downs of their romances on their social media accounts. Labajo’s shrieking songs of pain would have sounded senseless if he and ex-girlfriend beauty queen Maureen Wroblewitz did not publicly hint about the agonies wrought by their soured relationship on their social media accounts. Ross the actor also wants to be known as a singer-songwriter. He has a marked supporting role in Viva Films’ Nokturno, topbilled by Nadine Lustre. Viva submitted the movie for this year’s Metro Manila Film Festival but it failed to make the cut. There’s another singer-songwriter who roars and howls about her angst: Cool Cat Ash, whose real name is Ashley Aunor. She’s the daughter of Lala Aunor, a member of the “Apat na Sikat” group of teen idols in the ‘70s. Perfect timing It’s perfect timing that the QCinema International Film Festival is being held in November. The festival screens a good number of foreign films that were released to critical acclaim sometime this year or last year. The next big showbiz event that comes after it is the Metro Manila Film Festival, during which only Filipino movies are shown all over the country. The MMFF usually presents only eight films, but this year there are 10 official entries. Those who love foreign films can have their fill of world cinema (60 films this year!) before the MMFF fills the theaters with all-Filipino fare for 10 days during the holiday season. The QCinema International Film Festival, now on its 11th year, runs 17-29 November. The opening film is the Golden Lion winner in this year’s Venice Film Festival, Poor Things. The post Delightful discovery: Wilbert Rossas a sensitive singer-songwriter appeared first on Daily Tribune......»»
New Candaba Viaduct to make travel faster, safer
Motorists can expect a much faster and safer journey to Central and Northern Luzon once the third Candaba Viaduct is completed. The third viaduct will be constructed by NLEX Corp., a subsidiary of Metro Pacific Tollways Corp. or MPTC, the tollways unit of Metro Pacific Investments Corp. The first 5-kilometer Candaba Viaduct connects Bulacan and Pampanga along the North Luzon Expressway. It has been an important bridge for motorists traveling from Metro Manila to Central and Northern Luzon for over 50 years. The viaduct has withstood natural disasters such as typhoons and earthquakes. The current project was recently inaugurated in a groundbreaking ceremony led by House Speaker Ferdinand Martin Romualdez, Senior Deputy Speaker Aurelio Gonzales, Toll Regulatory Board Executive Director Alvin Carullo, Pampanga Governor Dennis Pineda, Department of Public Works and Highways Region 3 Director Roseller Tolentino, MPTC president Rogelio L. Singson, and NLEX president and general manager Jose Luigi L. Bautista. Targeted for completion in November 2024, the P7.89-billion third viaduct requires the construction of a new bridge between the two existing viaducts. Once completed, the road capacity of the new viaduct will increase from three lanes without shoulders to three lanes with inner and outer shoulders in each direction. These lanes and shoulders will be wide, boosting safety and convenience for travelers. According to MPTC president and CEO Singson, who is a former Public Works and Highways secretary, “This project will not only increase the capacity of the 5-km Candaba Viaduct but will ultimately improve safety and convenience of the motorists and will aid in the acceleration and growth of trade and commerce in Central Luzon.” Speaker Romualdez emphasized the importance of the new bridge which is expected to decongest traffic and reduce travel time for motorists. “This project will not only enhance the efficiency of our transportation network but also contribute to the overall socioeconomic development of the region. It will create jobs, attract investments, and stimulate economic growth,” Romualdez said. The third Candaba Viaduct will be built using green and sustainable engineering practices and comply with the country’s latest bridge design requirements. It will have piers every 20 meters, with each pier supported by two columns and two bored piles, strengthening the structure amid the swampy condition of the natural ground beneath it. NLEX president and general manager Bautista assured motorists the construction of the new bridge would not affect the operation and traffic flow on the two existing viaducts. Based on the studies, constructing the third viaduct is necessary because the existing structures are aging and operating at a lower capacity. Competent engineers and management teams will manage the construction site to ensure efficiency and safety. “This new mobility project will offer easy journeys and make travel safer for the public traveling between Metro Manila and Central and Northern Luzon as there will be a new structure to augment the existing ones and that will safely allow the speed limit to be increased to 60 to 80 kilometers per hour from the current 40 to 60 kilometers per hour,” said Bautista, adding that upon completion, Class 3 vehicles or large trucks will be directed to the new bridge so that the old structures will be relieved of heavy loads. Since 2005, MPTC has been upgrading the viaduct. Among the upgrades were pavement resurfacing, bridge link slab, girder, and deck replacement; girder and column strengthening; and construction of lay-bys or emergency bays in the northbound and southbound directions of the bridge. Since 2020, stricter anti-overloading policies, such as the 33-ton gross vehicle weight limit for the southbound viaduct, were implemented to ensure the safety and stability of the bridge. With projects like the third Candaba Viaduct underway, motorists can expect even more improvements in the quality of the road infrastructure and service along the NLEX. These projects aim to ensure the utmost comfort and safety of motorists traveling to Central and Northern Luzon through the expressway. With the BBM administration’s vision of taking the country into the golden age of infrastructure, this project will certainly add to the many programs in the pipeline that in the end will benefit millions of Filipinos. The post New Candaba Viaduct to make travel faster, safer appeared first on Daily Tribune......»»
Emotional Angge in Father’s Day post to fiancèe Greg Homan
Actor Angelica Panganiban looked back to her early childhood of looking for a father figure and penned an emotional message to Gregg Homann, her fiancèe and the father of her child Amila Sabine, who they call "Bean". Panganiban only learned she was adopted when she was 23 years old back in 2010. She revealed this in the talk show "The Buzz" that same year. She said her biological mother had died two years earlier. Her adoptive family was hesitant to reveal her true parentage because they thought it would be detrimental to her career. She grew up without a father but learned he was a Navy man named Mark Charlson and was able to trace him that year. She got in touch and successfully reconnected with him. Panganiban and Homann have a YouTube channel called The Homans with 629,000 subscribers. The post Emotional Angge in Father’s Day post to fiancèe Greg Homan appeared first on Daily Tribune......»»
BSP cuts 2-year BOP forecasts
The Bangko Sentral ng Pilipinas on Friday lowered its forecasts for the country’s balance of payments for this year and 2024 due to weaker global growth prospects and the downside risks of the trade outlook. The BSP expects the BoP to be in deficit this year, with a shortfall of $1.2 billion, down from the $1.6 billion deficit that the BSP forecasted in March. “The overall BoP position is expected to post lower deficit levels in 2023 and 2024 than previously anticipated due to revisions made in the forecasts for both the current account and financial account,” the BSP said. In a briefing, BSP Director Sittie Hannisha Butocan of the Department of Economic Research explained that domestic and external risks affect the country’s BOP. She added that these risks come from inflation, less pent-up demand because of higher interest rates, and tighter fiscal space. China risks Butocan noted that China poses risks and opportunities for global trade, especially for regional trade that affects BOP. Even though China’s economy is reopening and getting back to normal after supply-side problems, especially with oil, it is growing more slowly than projected. The BSP said that weak external demand is likely to continue, which will “weigh on the trade and investment prospects in emerging market economies, including the Philippines. Even as the domestic economy continued to recover strongly from the pandemic, the spillover effects from the global economic slowdown can be a major drag.” The BOP shortfall is $3.3 billion as of the end of April this year. The BSP only gives information about the current account, which is a big part of the BOP, every three months. Monetary Policy Subsector officer-in-charge Paolo M. Alegre Jr., for his part, said the latest current account showed a deficit of $4.3 billion as of the first quarter of this year. He said that this was because of the growing trade-in goods deficit and lower net receipts in the main income account. The increase in net receipts in the trade-in services account helped to lessen the effect of these factors. The BSP now thinks that this year’s current account deficit will be $15.1 billion, which is less than its earlier prediction of $17.1 billion. Butocan said that the current account will be helped by a steady recovery in the BPO and tourist industries and by remittances that keep coming in. 2024 expectations Next year, the Central Bank expects the country’s BOP to have a $0.5 billion deficit, which is -0.1 percent of GDP. “For 2024, the overall BOP position is projected to post a slightly lower deficit relative to the previous forecast. This is hinged mainly on the foreseen normalization and return to pre-pandemic levels of global and domestic economic activity,” the BSP said. The central bank predicts a $15.4 billion current account deficit next year as the trade-in goods gap narrows. The BSP also predicted 6 percent export growth and 8 percent import growth for next year.The Central Bank also expects the services exports to rise by 16 percent and imports by 10 percent in 2024. Next year, BPO receipts may climb by 9 percent and travel receipts by 50 percent. Growth prospects “Growth prospects for BPO and travel sectors remain on a steady course. The latter is forecasted to exceed its pre-pandemic level by 2024 buoyed by much-improved international mobility and supported by government-led tourism promotion programs to regain market losses from the pandemic,” the BSP said. The central bank also expects 3 percent cash remittance growth in 2024 as Filipino workers fill in for the labor shortage resulting from pandemic-induced job losses and aging populations in host economies. Meanwhile, BSP reduced its financial account prediction to $14.4 billion from $15.7 billion next year. It also expects the Foreign Direct Investments net inflows to reach $11 billion and foreign portfolio investments net inflows at $3.5 billion. The central bank said its forecasts are limited due to persistent external concerns. The BSP assured that it would regularly monitor external sector developments and risks affecting its pricing and financial stability objectives. The post BSP cuts 2-year BOP forecasts appeared first on Daily Tribune......»»
Wellness center celebrates a decade of healing
A certain demographic of women who need support, healing, self-improvement or with fitness goals is drawn to ONELIFE, a center for Pilates and physical therapy. This year, ONELIFE has turned 10 years old, and to celebrate, the studio’s clientele made up of mostly women gathered together last 23 May at the studio’s Estancia Mall branch to look back at how their journey began. “Ten years ago, we started something small. We wanted a place for people to come and work on themselves without feeling intimidated, without feeling judged, without feeling insecure,” said an emotional Tanya Maria Aguila, founder of ONELIFE, during her speech at the company’s 10th-anniversary party. [caption id="attachment_137170" align="aligncenter" width="525"] Tanya Maria Aguila, founder of ONELIFE.[/caption] The party was packed with women in athleisure chic attire, sporting ONELIFE’s colors of blue, ecru, white and grey. It’s a community of glowing women, whose lives have changed and have become one in their sustainable goal: To feel good, become better and healthier—and support fellow women to achieve the same. ONELIFE is clearly driven by the need to help a Filipino woman with her unique needs. It understands that a woman’s body is ever-changing, coupled with various experiences, such as the transition to motherhood, aging and juggling parenthood and career, and how these factors affect her body. Not to mention how women look at other women on social media. “As a woman, it’s so difficult to really—with social media nowadays, right? It’s so difficult to keep up. And so we really wanted this place to become an even safer place for women,” mused Tanya. Tanya described how ONELIFE through the years has shaped into a place for a variety of programs or “care tracks”—be it weight loss, strengthening, toning, posture correction or general fitness. According to Tanya, they have the best licensed physical therapists in the country and internationally trained fitness coaches and consultants. ONELIFE also introduced a care track that focuses on pregnant women, which Tanya says is the first in the country. With studios scattered in major cities in the Metro — San Juan, Pasig and Makati — Tanya even plans to expand ONELIFE to reach and support more women. “What we want to do, really, is to expand here more and abroad. We really want to be a Filipino company that expands abroad. So we are hoping to expand where our physical therapists go to: Australia, the US, Canada and hopefully, later on, Asia,” she shared. If a woman has a physical injury or condition, ONELIFE designs a program to address these needs. “What we do here is actually very bespoke,” added Tanya. “It’s personalized every single time. So in terms of program, we really customize it each time. What people can expect is that when they come here, it’s always like a new program for them, depending on what they need at the moment.” “When you have a special condition, we ask for your doctor’s diagnosis and recommendation, and our PTs read that and they execute the program with a bit of a customized program for us as well,” she said. ONELIFE’s community of its women clientele, who had forged friendships over the years, advocate women empowerment and support. Tanya, the women’s leader and friend, on her company’s 10th year, still carries that fervent passion in her crusade for women’s well-being and betterment. “…We realized, to serve the people best, people like us who have special needs, who have special — you know, who need a little bit of support — we needed to specialize more and more. So we’re here. ONELIFE has evolved into a place that’s really for women. I dare say that we know women best,” Tanya concluded. The post Wellness center celebrates a decade of healing appeared first on Daily Tribune......»»
Katrina Ponce Enrile: A woman worthy of her name
Anyone who had come of age in the late 1970s and the 1980s would surely know about the most famous names and faces of the younger set of the era known for the coming of age of feminism and women’s lib. The 1960s may have ushered in a cultural revolution but it was in the succeeding decades that the cataclysmic events of the decade that was, in the Philippines, would manifest in the ways and attitudes of Filipino women. I mention this phase in our history because I am sharing my thoughts on one woman whom many consider as one of the country’s most powerful, influential and successful. She is Katrina Ponce Enrile. I may not privy to the growing-up years of Katrina Ponce Enrile, and I would not have the advantage of seeing her from the point of view of someone old enough to observe the growth of a child, but as a teenager, I would occasionally read about her and see her on photographs published in newspapers and magazines, although not too frequent. I just knew she was not only well-bred and beautiful in the mestiza sense being the daughter of a striking beauty of a mother (and the granddaughter of a handsome playboy of a paternal grandfather), but that, she too was brilliant. I would assume that she got her brains from her father, one of the wonder boys of the Marcos administration. Katrina would, in time, be mentioned in juicy gossip now and then, but it was her smarts in enterprise and management that she would eventually be recognized, this notwithstanding the controversial stories that one occasionally heard of her family members. [caption id="attachment_134172" align="aligncenter" width="525"] KATRINA Ponce Enrile has always lived up to her parents ‘ expectations.[/caption] ‘Treat everybody with respect’ But to imagine her childhood and teenage years, one would suppose that for all the comforts that she might have enjoyed while living first in Urdaneta and then Dasmarinas Village, she had had to assert herself, she had once been overheard to say: “At 10, I had to fight a little bit harder to be heard” -- which was expected if one were the only daughter of a famous lawyer of a father and a lovely talented mother, herself a respected stage actress. But no matter that she had to deal with being the daughter of awe-inspiring parents, what she had been showered with, aside from her parents’ affection, was well-meaning advice. For one, it was from her dad and mom that she first heard the word of wisdom. “Treat everybody with respect — everybody. Because you don’t know what fate will bring you or them. People that you meet when you are going up, you also meet when you are going down.” No wonder that years later, as a businesswoman, she was very thoughtful in making decisions whether she was dealing with other top businessmen, her executives or the employees who served the family company at her beck and call. “I always think of how my actions and decisions would affect others,” she said in an interview with the Daily Tribune Lifestyle. No, for all the feisty woman that we know her to be, Katrina, was not advised to be aggressively pro-active when facing a conflict. The legendary Juan Ponce Enrile, instead, cautioned his daughter: “Never throw the first punch. But if they throw the first punch, then…” This, she would take to heart whenever she had had to face corporate, social or emotional bullies, not that she is one to attract people prone to violating her rights. [caption id="attachment_134173" align="aligncenter" width="525"] As the only daughter of Juan Ponce Enrile, the most famous native son of Cagayan, Katrina brings to her new job an affection for the province and Cagayanos and the whole Cagayan Valley.[/caption] One imagines her father might have preferred her to be a boy, JPE being a man’s man, but to which she would have retorted: “Dad, I don’t have to be a boy to be what I am now… Girls can do it too.” Call it outright confidence, or chutzpah, or maybe it’s Pinay pride, but Katrina is not one to be cowed. And yes, she could lead and fight and attack, but as her father would most likely say: “Only if they attack first.” Self-assured executive What I have heard of Katrina, especially from my dear friend, Carol Mercado, who was her classmate at St. Paul College, is her signature confidence. “From our youth, when she could be stubborn, she has matured steadily into a self-assured executive no wonder that she has accomplish much as an entrepreneur. “It’s a paradox that while she may have been underestimated at times and even flat out rejected, she knows how to overcome these challenges because she is one creative person and she is not one to easily bow down or to say no. But then, she is not even outright assertive. She could be very charming and before any nemesis would know it, she has gotten what she wants without lifting a finger.” It would seem that the lady would have aimed for political eminence, being the daughter of the powerful JPE, but to everyone’s surprise, she had chosen to create a name outside of her inherited box (or confines), so to speak. While she takes pride in being an Enrile, she has not taken advantage of her family name as though an amulet that would do wonders for her. Instead, she has chosen to rely on the old-fashioned values of industry, respect for others, commitment and determination. She might as well be girl scout, except more courageous, daring and trailblazing. Flexing her risk-taking muscles In her 20s, when her friends were disco dancing, she was, to use another friend’s words, “flexing her risk-taking muscle and sharpening her foresight for the first time — pivotal experiences that would shape her business sense now admired by many.” She surprised everyone when, at 26, she bought properties in Palawan. “It was a big joke to many,” she recalled. “They could not see any reason I should take the risk and invest in a place where no one dared go. It was then no man’s country and perceived to be mosquito-infested.” Today, Palawan is a safe haven from the pandemic, and, of course, an investors’ paradise. On the other hand, her parents saw a promise in her, someone who would play a key role in the family enterprises. They appointed her as Group Treasurer even before her 30th birthday, and with it the added role of overseeing the many concerns of the JAKA Group of Companies. It is quite a daunting responsibility given its extensive industrial reach –- food manufacturing and product distribution to marketing and logistics; forest plantation management; safety match manufacturing, property management and development; as well as IT, security and financial services. It would seem that, for a “beginner” in the big league, it was beyond Katrina’s grasp, and yet she lived up to her parents’ expectations. [caption id="attachment_134175" align="aligncenter" width="525"] SOME of Delimondo’s best products.[/caption] In time she would qualify as the firm’s COO and eventually CEO. Not one used to trumpeting her achievements, Katrina candidly shared: “I was able to turn around the company, helping navigate it through the debilitating Asian Financial Crisis in the mid-1990s. And when the peso devalued in 2008 to 2009, when we had [a] one dollar denominated loan which I had to quickly deal with, I was able to restructure our company and keep it afloat.” Soon, she would be trusted to manage JAKA’s investments, which “allowed me to dream of bigger things, this in the midst of an economic crisis and the pressure to survive it.” Her baby Delimondo When shopping in a supermarket or a grocery, the Filipino consumers, especially those who take their corned beef seriously, would pick the Delimondo brand. They would also put the brand’s Bolognese Pasta, Luncheon Meat, Yellowfin Tuna spreads and aromatic oils in their cart or shopping bags. Katrina confides, “Delimondo was my baby and was purely our family’s venture.” Her was a one-woman team that managed the brand’s marketing, sales and R&D. To introduce it to the market, she gave away cans of their initial recipes for free. “I wanted to offer something deliciously different, one that I enjoyed from my travels abroad.” [caption id="attachment_134174" align="aligncenter" width="525"] SHE is most proud of her baby, Delimondo.[/caption] It wasn’t long before investors would come in too aware that Delimondo operates its own plants that produce and package its own products. The company would soon expand and offers its manufacturing services to other products all the way to exporting them. In time and with Katrina at the helm, JAKA shifted to investing in other companies. But if her JAKA performance is impressive, anyone should take a look at her other achievements. To cite one, as the Philippines Overseas Telecommunications Operations director and CEO/president. She led the efforts to renew the company’s franchise that would allow it to provide the Philippines satellite services. For another, as director and president, she has brought into the Montemar Resorts Development Corporation and Montemar Beach Club Inc. not only her management expertise, but her exposure to top international resorts as a frequent guest. No wonder that Manila’s well-heeled consider these resorts as standard-bearers of local luxury travel. [caption id="attachment_134171" align="aligncenter" width="525"] ‘Delimondo was my baby and was purely our family’s venture,’ said Katrina.[/caption] Transforming the upper east corner of Luzon Katrina also sits as the Cagayan Economic Zone Authority’s vice chairperson. In this role, she envisions making the province a model destination that easily rivals the country’s capital. “They’re considering appointing me as administrator. Once that post is confirmed, I will be fully committed to transforming the upper east corner of Luzon into another business area that the Philippines will be proud of.” As part of her vision, she plans to build a stronger point of economy with the available freeport and expand its potential by constructing an airport. To attract investors, she plans to boost incentives to encourage more players to relocate. “We plan to make smart cities there. I plan to make it very green. I plan to protect the lush forests. It’s really also known as the rice granary of the Philippines. I plan to push the transition from GMOs (genetically modified organism) to non-GMOs. I know that that will be a hard task but I plan to do it. I want to give the Filipinos healthy food for the next generations to come,” she states. Worthy and deserving As the only daughter of the most famous native son of Cagayan, Katrina brings to her new job an affection for the province and Cagayanos and the whole Cagayan Valley. She may have grown up in Manila, travelled the whole world, but her heart has always remained in the home of her father, Juan Ponce Enrile, and it is among his people, relatives and townsmen that she intends to pursue her next dream. There is no stopping this feisty Cagayanon. For her home province, she is out to conquer the world. But then, I must insist that this is not about being her father’s daughter, although there is no denying the great influence of JPE on Katrina becoming the woman that she has become -- strong-willed, passionate, forward-thinking. Still, Katrina could only thank herself most for being herself. That she accepted the challenges that came her way and faced them head on using her own gifts and advantages – which undoubtedly brought her to her destiny, one that she has arrived at and one that she has yet to fulfill. Indeed, if the women’s movement has reached this far, and women today now enjoy key positions in government, private sector and civil society, this may be attributed to the generations of women who have looked toward the future and embraced their destinies as key players in the affairs of humanity. Katrina is one of these women and we wish her all the best. No one could be more worthy of the challenge and deserving of the honor. The post Katrina Ponce Enrile: A woman worthy of her name appeared first on Daily Tribune......»»
Implementing the amendments to the Public Service Act (4)
National Security Review The Public Service Act was amended by Republic Act 11659 (the “Amendment”) to allow full foreign ownership for public services that are not classified as public utilities. Nonetheless, if foreign investment in public service would be a threat to national security, the president may suspend or prohibit such transactions. For this purpose, the relevant government department or Administrative Agency is required to conduct a national security review and evaluation, which shall serve as a basis to recommend the prohibition or suspension of the investment transaction to the President. The Implementing Rules and Regulations of the Amendment prescribes the factors and processes that should be complied in the conduct of the national security review. Section 36 of PSA IRR provides that investment transactions that satisfies both conditions shall be subject to national security review: Any proposed merger or acquisition transaction, or investment in a public service entity that will effectively result in the grant of control, whether direct or indirect, to a foreigner or a foreign corporation, or a foreign government; and The proposed merger or acquisition transaction, or investment in a public service has national security implications, which include, among others, public services which (i) have performed top secret, secret or confidential contracts, (ii) are critical infrastructure or public service that utilizes military or defense-related items, chemical and biological weapons, nuclear or missile technology or similar items, or has access to personal information of defense, security and intelligence personnel, (iii) located in geographical areas critical to national security. PSA IRR furthermore laid down the following criteria that must be taken into consideration when reviewing investments: Impact on national security; Applicability of other Philippine laws and policies; Implication of any national security risk arising from the investment on the Philippine economy and community; Whether the investment will affect the ability of the Philippines to protect its strategic and security threats; and Nature, history and previous business transactions of the investor and any filed cases against the same, in their country of origin, or in any other country or state that the investor is involved in. The relevant government department or Administrative Agency may conduct the national security review motu proprio or upon voluntary declaration of the parties to the proposed investment transaction. The relevant government department or Administrative Agency will conduct an initial risk assessment within 30 calendar days from the acceptance of the voluntary declaration or upon receipt of the relevant documents in case of a motu proprio review. In the absence of any finding of national threat, the parties shall be informed to proceed with the transaction. Within 60 days from the issuance determining the presence of national security threat, the relevant government department or Administrative Agency shall conduct a comprehensive national security review and submit the recommendation to the president. The Philippine Competition Commission shall be informed and consulted on all matters relating to mergers and acquisitions. Other relevant agencies may also be consulted during the review. Based on the recommendation of the relevant government department or Administrative Agency from the comprehensive national security review, the President may, within 60 calendar days from receipt of such recommendation, suspend or prohibit the investment transaction. The conduct of the national security review, together with the foreign investment restrictions on public service and other powers granted to the President, are safeguards built into the Amendment to countercheck the country’s efforts to boost market competitiveness and innovation with the country’s need to protect public safety and national security. It is hoped that the issuance of the PSA IRR has clarified the implementation of the Amendment and would prompt the infusion of the needed global capital, ideas, and technology to our public service. For more of Dean Nilo Divina’s legal tidbits, please visit www.divinalaw.com. For comments and questions, please send an email to cabdo@divinalaw.com. The post Implementing the amendments to the Public Service Act (4) appeared first on Daily Tribune......»»
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