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Chip maker Intel beats earnings expectations as it pursues rivals
US chip giant Intel on Thursday said it made more money than expected in the recently ended quarter as it continued to invest in a "geographically balanced" supply chain. Intel shares jumped more than 7 percent to $34.88 in after-market trades. "We delivered a standout third quarter, underscored by across-the-board progress on our process and product roadmaps; agreements with new foundry customers, and momentum as we bring AI everywhere," said Intel chief executive Pat Gelsinger. Intel reported revenue of $14.2 billion, which was 8 percent less than the amount seen in the same quarter a year earlier but ahead of forecasts. Net income tallied $300 million, compared with $1 billion profit in the same period in 2022, earnings figures showed. "Our results exceeded expectations," said Intel chief financial officer David Zinsner, who said earnings benefited from "expense discipline." Intel has been working to catch up with rivals, especially Nvidia, when it comes to powerful chips needed to handle the computing demands of artificial intelligence. Intel touted investments being made in chip production facilities with an aim of creating a "geographically balanced, secure, resilient supply chain." California-based Intel is seen as a key tool for the United States to reduce its dependence on major global producers, such as Taiwan's TSMC. Earlier this year, Intel announced it would spend $25 billion on a new plant in Israel, with Prime Minister Benjamin Netanyahu calling it the country's single largest foreign investment. The "agreement in principle" would see the semiconductor firm build the facility in the southern city of Kiryat Gat that would open by 2027 and operate at least until 2035, Israel's finance ministry said. Intel has been operating in Israel since the 1970s with development centers and a production site that employs some 12,000 people, the finance ministry said. In 2017, Intel acquired Israel-based Mobileye, which makes technology for automated driving systems in vehicles, for just over $15 billion. Gelsinger said Intel teams have kept operations going despite the war between Israel and Hamas. "Our utmost priority is the safety and welfare of our people in Israel and their families," Gelsinger said. "Despite all of these challenges, they're performing extremely well. I am praying for a swift return to peace." China Gelsinger said Intel was carefully studying updated rules in the United States that tighten curbs on exports of state-of-the-art AI chips to China. "We do believe that we'll have plenty of opportunity in China," Gelsinger said. "We are continuing to deploy our products there broadly, even as we comply and work with (the United States) around the regulations that they're putting in place." The new rules tighten measures from a year ago that banned the sale to China of microchips crucial to manufacturing powerful AI systems. Calls to further close the supply chain grew after the popularity of generative AI platform ChatGPT. When announcing the beefed-up curbs, US Commerce Secretary Gina Raimondo insisted they were intended to close loopholes and prevent China's development of AI for military use. "It's true that AI has the potential for huge societal benefit. But it also can do tremendous and profound harm if it's in the wrong hands and in the wrong militaries," she told US media. The rules will not affect chips used in consumer goods such as laptops, smartphones, and gaming consoles, though some will be subject to export licensing requirements. China has said it is "strongly dissatisfied" and "firmly opposes" the curbs. "The US continues to generalize the concept of national security, abuse export control measures, and implement unilateral bullying," the commerce ministry said in a statement. The post Chip maker Intel beats earnings expectations as it pursues rivals appeared first on Daily Tribune......»»
Bong Go reminds public to observe proper hygiene amid typhoid surge
Senator Christopher “Bong” Go has urged Filipinos to be more vigilant and prioritize their health by observing proper hygiene in the wake of an alarming increase in typhoid cases across the country. According to the Department of Health (DOH), at least 17,531 cases of typhoid have been recorded this year. Go, chairperson of the Senate Committee on Health and Demography, expressed his concern for the growing number of typhoid cases and called upon the Filipino people to take immediate action to protect their health and that of their loved ones. “Hinihikayat ko ang lahat na maging mapanuri sa ating kalusugan. Huwag tayong mag-atubiling magpatingin sa mga doktor kung may mga sintomas tulad ng lagnat o pagsusuka,” Go underscored. “Mahalaga ring magtulungan tayo para maiwasan ang pagkalat ng mga sakit na ito. Huwag nating kalimutan ang tamang kalinisan at sanitation sa ating mga tahanan. Siguruhing laging malinis ang ating mga paligid at inumin ang ligtas na tubig,” he added. Typhoid fever is a highly contagious bacterial infection that primarily spreads through contaminated food and water. Its symptoms, which include high fever, abdominal pain, and severe weakness, can be severe and even life-threatening if left untreated. Therefore, the recent increase in cases is a cause for significant concern, stressed Go. According to the most recent disease surveillance report from DOH, there has been a 38 percent increase in reported cases of the disease from 1 January to 30 September compared to the same period last year, with 12,693 cases. The Cordillera Administrative Region (CAR) reported the highest number of cases at 2,861 followed by Northern Mindanao with 1,932 cases, and Mimaropa Region (Mindoro Occidental, Mindoro Oriental, Marinduque, Romblon, and Palawan) with 1,413 cases. Cases in SOCCSKSARGEN (South Cotabato, Cotabato City, North Cotabato, Sultan Kudarat, Sarangani, and General Santos City) increased by 119 percent from 512 cases to 1,123. Central Luzon saw the most significant increase in cases, with a 192 percent increase from 334 cases last year to 975 cases this year. "Typhoid fever is a preventable disease, and it is disheartening to see the numbers continue to rise," Go said, adding "We cannot afford to be complacent when it comes to our health. It is our responsibility to stay informed and practice proper hygiene to prevent the spread of this disease." Go also urged the government and health agencies to intensify their efforts in raising awareness about typhoid prevention, enhancing healthcare services, and implementing strict measures to ensure food and water safety. Go then highlighted the importance of Malasakit Centers and Super Health Centers as crucial components of the country's healthcare system, saying, “As the nation battles the increasing number of typhoid cases, it is essential for Filipinos to be aware of the facilities designed to provide quick and efficient medical services and assistance.” The Malasakit Centers program, a brainchild of Go, serves as a one-stop shop for medical assistance programs. These centers bring together key government agencies to streamline the process of availing medical aid. “Ang Malasakit Center po ay one-stop shop, nasa loob na ho ng hospital ‘yung apat na ahensya ng gobyerno – ‘yung DOH, DSWD, PhilHealth, at PCSO. Tutulungan po kayo sa inyong billing,” said Go. The program was institutionalized through Republic Act No. 11463, which was principally sponsored and authored by Go. To date, there are 159 operational centers that have successfully helped more than seven million Filipinos nationwide. “Sa ating pag-iikot sa buong bansa kapag naghahatid tayo ng serbisyo sa mga komunidad, lagi nating ipinapaalala sa ating mga kababayan—lalo na ang mga mahihirap—na unahin ang kanilang kalusugan. Huwag dapat silang matakot magpagamot dahil kung kailangan nila ng tulong pang-medikal ay nandiyan ang Malasakit Center sa kanilang lugar na handang tumulong sa kanila. Para sa taumbayan iyan. Kahit sino ay maaaring lumapit dito. Basta Pilipino ka, qualified ka sa Malasakit Center,” Go explained. Moreover, the Super Health Centers offer a wide array of medical services, including consultations, and diagnostic tests, among others, ensuring that more Filipinos receive proper medical care close to their homes. “Malaking tulong po ito na ma-decongest ‘yung mga hospitals. Makakatulong rin sa early disease detection para maagapan ang sakit. Pwede na sa Super Health Centers ang primary care at pagkonsulta sa doktor,” he added. Super Health Centers offer database management, out-patient, birthing, isolation, diagnostic (laboratory: x-ray, ultrasound), pharmacy, and ambulatory surgical unit. Other available services are eye, ear, nose, and throat (EENT) service; oncology centers; physical therapy and rehabilitation centers; and telemedicine. Through the collective efforts of fellow lawmakers and local government units, sufficient funds have been allocated under the DOH for 307 Super Health Centers in 2022 and 322 in 2023. "In times like these, we must come together as a nation. Let us be vigilant, look out for one another, and ensure that proper hygiene practices are consistently followed. By working together, we can combat this outbreak and protect the health and well-being of our fellow Filipinos,“ stressed Go. The post Bong Go reminds public to observe proper hygiene amid typhoid surge appeared first on Daily Tribune......»»
First relief convoy enters Gaza devastated by ‘nightmare’ war
The first aid trucks arrived in war-torn Gaza from Egypt on Saturday, bringing urgent humanitarian relief to the Hamas-controlled Palestinian enclave suffering what the UN chief labelled a "godawful nightmare". Israel has vowed to destroy Hamas after the Islamist militant group carried out the deadliest attack in the country's history on October 7. Hamas militants killed at least 1,400 people, mostly civilians who were shot, mutilated or burnt to death, and took more than 200 hostages, according to Israeli officials. Israel has retaliated with a relentless bombing campaign on Gaza that has killed more than 4,300 Palestinians, mainly civilians, according to the Hamas-run health ministry. An Israeli siege has cut food, water, electricity and fuel supplies to the densely populated and long-blockaded territory of 2.4 million people, sparking fears of a humanitarian catastrophe. AFP journalists on Saturday saw 20 trucks from the Egyptian Red Crescent, which is responsible for delivering aid from various UN agencies, pass through the Rafah border crossing from Egypt into Gaza. The crossing -- the only one into Gaza not controlled by Israel -- closed again after the trucks passed. The lorries had been waiting for days on the Egyptian side after Israel agreed to a request from its main ally the United States to allow aid to enter. UN chief Antonio Guterres warned Friday that the relief supplies were "the difference between life and death" for many Gazans, more than one million of whom have been displaced. "Much more" aid needs to be sent, he told a peace summit in Egypt on Saturday. US Secretary of State Antony Blinken welcomed the aid and urged "all parties" to keep the Rafah crossing open. But a Hamas spokesman said "even dozens" of such convoys could not meet Gaza's needs, especially as no fuel was being allowed in to help distribute the supplies to those in need. 'Reeling in pain' Tens of thousands of Israeli troops have deployed to the Gaza border ahead of an expected ground offensive that officials have pledged will begin "soon". As international tensions soar, Egyptian President Abdel Fattah al-Sisi was hosting a peace summit in Cairo on Saturday attended by regional and some Western leaders. "The time has come for action to end this godawful nightmare," Guterres told the summit, calling for a "humanitarian ceasefire". The region "is reeling in pain and one step from the precipice", he said. Guterres said "the grievances of the Palestinian people are legitimate and long" after "56 years of occupation with no end in sight". But he stressed that "nothing can justify the reprehensible assault by Hamas that terrorised Israeli civilians". "Those abhorrent attacks can never justify the collective punishment of the Palestinian people," he added. Egypt, historically a key mediator between Hamas and Israel, has urged "restraint" and the relaunch of the long-frozen peace process. But diplomatic efforts to end the violence have made little headway, without the participation of Israel and its enemy Iran, a supporter of Hamas and other armed groups. 'Sliver of hope' A full-blown Israeli ground offensive carries many risks, including to the hostages Hamas took and whose fate is shrouded in uncertainty. So the release of two Americans among the hostages -- mother and daughter Judith and Natalie Raanan -- offered a rare "sliver of hope", said Mirjana Spoljaric, president of the International Committee of the Red Cross. US President Joe Biden thanked Qatar, which hosts Hamas's political bureau, for its mediation in securing the release. He said he was working "around the clock" to win the return of other Americans being held. Natalie Raanan's half-brother Ben told the BBC he felt an "overwhelming sense of joy" at the release after "the most horrible of ordeals". Hamas said Egypt and Qatar had negotiated the release and that it was "working with all mediators to implement the movement's decision to close the civilian (hostage) file if appropriate security conditions allow". Traumatised families with loved ones missing in Gaza demanded more action. "We ask humanity to interfere and bring back all those young boys, young girls, mothers, babies," Assaf Shem Tov, whose nephew was abducted from a music festival where Hamas killed hundreds, said Friday. Devastation Almost half of Gaza's residents have been displaced, and at least 30 percent of all housing in the territory has been destroyed or damaged, the United Nations says. Thousands have taken refuge in a camp set up in the city of Khan Yunis in southern Gaza. Fadwa al-Najjar said she and her seven children walked for 10 hours to reach the camp, at some points breaking into a run as missiles struck around them. "We saw bodies and limbs torn off and we just started praying, thinking we were going to die," she told AFP. In Al-Zahra in central Gaza, Rami Abu Wazna was struggling to take in the destruction wreaked by Israeli missile strikes. "Even in my worst nightmares, I never thought this could be possible," he said. Israel's operation will take not "a day, nor a week, nor a month" and will result in "the end of Israel's responsibilities in the Gaza Strip", Defence Minister Yoav Gallant warned on Friday. Regional tensions flare In Gaza, retired general Omar Ashour said the destruction was "part of a clear plan for people to have no place left to live". "This will cause a second Nakba," he added, referring to the 760,000 Palestinians who were expelled from or fled their homes when Israel was created in 1948. The United States has moved two aircraft carriers into the eastern Mediterranean to deter Iran or Lebanon's Hezbollah, both Hamas allies, amid fears of a wider conflagration. Fire across Israel's border with Lebanon continued overnight, with one Israeli soldier killed, Israeli public radio said. The military said it hit Hezbollah targets after rocket and missile fire. Violence has also flared in the West Bank, where 84 Palestinians have been killed since October 7, according to the Palestinian health ministry. The post First relief convoy enters Gaza devastated by ‘nightmare’ war appeared first on Daily Tribune......»»
2 American hostages freed
Gaza’s Hamas rulers freed two Americans among the 200 hostages they kidnapped in the deadly 7 October attacks in Israel. More hostages may be released, the group hinted. According to the Israeli government, Judith Tai Raanan and her daughter, Natalie Shoshana Raanan, were returned to Israel late Friday. There was no word on their condition, but US President Joe Biden was “overjoyed” by the news. Biden called the two women after they were released. Hamas also announced it was working with Qatar and Egypt to free its “civilian” hostages, implying that more could be released. An Israeli emissary met the couple at the Gaza border and took them to a military base in central Israel “where their families are waiting to meet them.” The Ranaan family, like many of the captives, had begun a worldwide campaign to pressure Hamas to release them. Hamas said the “al-Qassam Brigades released two American citizens for humanitarian reasons” after being approached by Qatar and Egypt. The Islamist rulers of Gaza said they were “working with all mediators to implement the movement’s decision to close the civilian (hostage) file if appropriate security conditions permit.” It provided no specifics about its demands. Israel claims that Hamas militants took 203 people during the bloodiest attacks in Israel’s 75-year history, including Israelis, dual nationals and foreigners. According to the authorities, at least 1,400 individuals were killed, mostly civilians. Relentless bombing Israel has retaliated with a continuous bombing campaign against Gaza, killing at least 4,137 people, mostly civilians. The hostages have become a massive problem in Israel, with Prime Minister Benjamin Netanyahu’s office stating that the government will use “any means available to locate all those missing and bring all those kidnapped home.” The International Committee of the Red Cross said it helped transport the freed Americans to Israel. US Secretary of State Antony Blinken called for more releases “immediately and unconditionally.” “Every single one of them should be released,” said Blinken, adding that a team from the US Embassy would visit the two freed women. Qatar is a major aid donor to Gaza, and two Hamas leaders are based in the Gulf state. A Qatari foreign ministry spokesperson said the country had mediated between Hamas and the United States and that the release followed “many days of continuous communication between all the parties involved.” The Israeli military said earlier Friday that most of those abducted to Gaza were still alive even though some dead bodies have been found on incursions into Gaza. The military said more than 20 hostages were minors, while between 10 and 20 were over the age of 60. Saudi factor Biden said Friday he believed Hamas’ brutal attack on Israel two weeks ago aimed to disrupt the warming ties between the country and Saudi Arabia. “One of the reasons they acted like they did... why Hamas moved on Israel... (was) because they knew I was about to sit down with the Saudis,” Biden told guests at a campaign fundraiser. “The Saudis want to recognize Israel... unite the Middle East,” he said. The momentum toward a landmark US-brokered deal to normalize relations between Israel and Saudi Arabia — the guardian of Islam’s two holiest sites — was shattered by the 7 October attack by Hamas militants on Israel. A bombing campaign launched in response by Israel has leveled entire city blocks in Gaza, so far killing 4,137 Palestinians, mostly civilians, according to the Hamas-run health ministry. Saudi officials announced on 14 October during a visit to Riyadh by US Secretary Blinken that the country had suspended talks with Israel on the normalization of relations. Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, had spoken of progress with Israel but also insisted on movement on the Palestinian cause. The Gulf kingdom has never recognized Israel and did not join the 2020 Abraham Accords, brokered by the United States, which led neighboring Bahrain and the United Arab Emirates, as well as Morocco, to establish diplomatic ties with Israel. With AFP The post 2 American hostages freed appeared first on Daily Tribune......»»
Oil prices jump as Hamas attack on Israel fuels supply fears
Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East. The crisis fanned concerns about supplies of crude from the region at a time when supply worries are already high owing to Saudi Arabia and Russia's output cuts. It has also renewed fears about the impact on inflation, with energy costs a key driver of spiking prices, giving a fresh headache to central banks as they try to ease up on interest rate hikes to avoid recessions. The surprise attack and Israel's declaration of war in response to it have left more than 1,000 dead and raised concerns that a potential broadening of the conflict could draw in the United States and Iran. "Key for markets is whether the conflict remains contained or spreads to involve other regions, particularly Saudi Arabia," said ANZ Group's Brian Martin and Daniel Hynes. "Initially at least, it seems markets will assume the situation will remain limited in scope, duration, and oil-price consequences. But higher volatility can be expected." Both main contracts surged more than five percent in early Asian business before easing back as the day wore on. However, SPI Asset Management's Stephen Innes warned: "Historical analysis suggests that oil prices tend to experience sustained gains after the Middle East crises. "Meanwhile, stocks tend to eventually recover and trend higher after an initial period of volatility. Safe-haven assets like gold and Treasurys, which initially see gains during such crises, tend to fade from their initial price spikes as the situation stabilizes. "But with Middle East analysts considering this to be a pivotal moment for Israel, the view looks incendiary in any current scenario." A decidedly risk-off mood also saw investors push into the safety of the dollar, which was up against the pound and euro, as well as the Australian and New Zealand dollars. The yen, considered one of the safest currencies, strengthened against the greenback, though it still remains locked around 11-month lows. Gold, another key haven, gained more than one percent. Equity markets were mixed, with Shanghai dropping on its first day back after a week-long holiday as investors continue to fret over the stuttering Chinese economy. There were also losses in Mumbai, Singapore, Manila, Bangkok and Wellington, though Hong Kong rose as it opened in the afternoon, having been closed in the morning owing to a typhoon. Sydney and Jakarta eked out gains. Tokyo was closed for a holiday. London edged up at the open while Paris and Frankfurt were lower. The tepid performance came despite a rally on Wall Street, where traders welcomed data showing a forecast-busting jump in new jobs but wage growth slowing. The "Goldilocks" figures -- neither too strong nor too weak -- lifted optimism the world's top economy can avoid a recession even as the Federal Reserve keeps rates elevated. Still, there are worries the bank will hike one more time before the end of the year, with officials determined to bring inflation to heel and keep it at their two percent target. Key figures around 0715 GMT West Texas Intermediate: UP 3.5 percent at $85.69 per barrel Brent North Sea crude: UP 3.1 percent at $87.23 per barrel Hong Kong - Hang Seng Index: UP 0.4 percent at 17,552.01 Shanghai - Composite: DOWN 0.4 percent at 3,096.92 (close) London - FTSE 100: UP 0.3 percent at 7,518.16 Tokyo - Nikkei 225: Closed for a holiday Euro/dollar: DOWN at $1.0540 from $1.0588 on Friday Pound/dollar: DOWN at $1.2195 from $1.2234 Dollar/yen: DOWN at 149.15 yen from 149.30 yen Euro/pound: DOWN at 86.49 pence from 86.52 pence New York - Dow: UP 0.9 percent at 33,407.58 (close) (Bloomberg News contributed to this story) The post Oil prices jump as Hamas attack on Israel fuels supply fears appeared first on Daily Tribune......»»
Phl economy still strongest this year — RCBC
The Philippine economy will remain among Asia’s strongest in the fourth quarter despite a possible higher interest rate because of strong consumer demand for certain products and services and more employed Filipinos, the chief economist of Rizal Commercial Banking Corporation said Saturday. “This growth forecast is still among the fastest in the region because our economy is doing well,” RCBC’s Michael Ricafort said. The World Bank recently downgraded this year’s Philippine economic growth to 5.6 percent from 6 percent due to inflation risks, apart from lower government spending and weaker demand for exports. However, it is still higher than China’s 5.1 percent, Indonesia’s 4.9 percent, and Malaysia’s 4.3 percent growth forecast. Ricafort said the Bangko Sentral ng Pilipinas (BSP) might raise its policy rate this year to slow inflation to 4 percent by year-end after it accelerated again to 6.1 percent last month. “The BSP is working to bring down prices of goods and services. As an unintended consequence, the economy could slow down. Borrowing costs for business owners also increase and consumer demand weakens,” he said. Ricafort said global oil prices have started falling which could discourage the central bank from raising its rate drastically. “Global oil prices have declined to $82 to $83 per barrel from a peak of $95 per barrel last month or since the war between oil-rich countries Russia and Ukraine began,” the economist said. He also expected a downtrend in rice prices starting this month as he said local farmers have begun collecting fresh harvests. “Inflation quickened last month mainly from higher prices of rice which accounted for nearly 9 percent of the inflation basket and grew 17 percent year-on-year,” Ricafort said. While a higher interest rate aims to slow consumption, Ricafort said the continued flow of remittances from overseas Filipino workers, or at least 3 percent growth yearly will still support substantial levels of consumer spending, especially during the Christmas season. “That is more than $40 billion a year. That’s the fourth largest in the world after India, China and Mexico,” the economist said. He added more Filipinos or 800,000 could earn from business process outsourcing or BPO this year as the industry’s revenue could rise from $32.5 billion to $59 billion based on data from the Contact Center Association of the Philippines. Another growth area is tourism, which Ricafort said saw 4 million foreign visitors last month, nearing the 4.8 million full-year target of the government. He added higher productivity among Filipinos is also expected as the country’s unemployment rate declined to 4.4 percent in August from 4.8 percent in July, based on data from the Philippine Statistics Authority. Moving forward, Ricafort said the government must improve science and technology education for higher quality jobs and increase spending on infrastructure amid the full reopening of most economies. “We are now fully reopened. Students are also back in schools which encourages putting up food businesses. Labor market in the US also improved which will affect export trade,” he said. Ricafort added the government could continue distributing financial and other assistance to farmers to control inflation. He believed the inflation rate will approach 3 percent next year, close to the ideal 2 percent for healthier economic growth. The post Phl economy still strongest this year — RCBC appeared first on Daily Tribune......»»
LNG a vital transition fuel, says Aboitiz Power
Industry players and government regulators should harness cost-effective liquefied natural gas or LNG as the so-called "transition fuel" in the near term to gradually displace coal and complement the variability of renewable energy. Speaking at a recent energy forum, Aboitiz Power Corp. Chief Finance Officer Liza Montelibano reiterated that the transition to clean energy should be gradual and well thought out. Otherwise, it will result in higher power prices. Montelibano pointed out that utilizing the present supply of natural gas, which is relatively cleaner than burning coal, to buy time and keep the grid stable while renewable and low-carbon technologies are being developed. “The realistic pace to do transition is underscored by the available technology that allows you to do it reliably and affordably. Given what is available today, we believe what is realistic is a practical and gradual approach that will allow for technology development,” Montelibano said. Locally, the Malampaya project is the only local facility that uses indigenous natural gas to reduce the country's oil imports. It has been powering up to 20 percent of Luzon’s total electricity requirements. It supplies natural gas to power four power generation plants in Batangas with a combined capacity of 2,011 megawatts or MW. Meanwhile, several projects, including First Gen Corp.'s integrated LNG and regasification terminal in Batangas province, are underway to easily bring in low-cost LNG from abroad into the country. The LNG facilities are a significant source of fuel diversification to complement the efforts of the Malampaya consortium to optimize the sustainability of the remaining indigenous gas in the Malampaya-Camago reservoir. The government set the target of a 35 percent share of renewable energy in the country’s energy mix by 2035 and increased it further to 50 percent by 2040. However, it is still notable that despite an aggressive stance on clean energy utilization, the Philippines still heavily relies on coal. AboitizPower, which presently has the largest and most diversified local renewable energy platform in terms of installed capacity under its operational control, aims to support the government's goal by investing P190 billion until 2030 to have a portfolio of 9,200 MW evenly split between renewable energy and thermal sources. Close to 1,000 MW of renewable energy projects — including wind and solar farms and more geothermal capacities — are currently in the company's pipeline. The post LNG a vital transition fuel, says Aboitiz Power appeared first on Daily Tribune......»»
LPA enters PAR, develops into tropical depression ‘Jenny’
The low-pressure area tracked over the east of Central Luzon has entered the Philippine area of responsibility (PAR) and developed into Tropical Depression Jenny, the state weather bureau said Friday. In its latest weather bulletin, the Philippine Atmospheric, Geophysical and Astronomical Services Administration reported that the LPA entered the country and developed into a tropical depression around 2 p.m. on Friday. PAGASA said TD Jenny is not directly affecting the country. However, it is expected to bring heavy rains over Batanes and Babuyan Islands in the next five days. PAGASA said TD Jenny may enhance the Southwest Monsoon or ‘habagat’ beginning on Sunday, resulting in possible occasional rains over the western portions of Central and Southern Luzon. The tropical depression is forecast to track generally westward or west-northwestward until Saturday before turning further north over the Philippine Sea east of Northern and Central Luzon. It will then be expected to have a close approach over the Batanes area by Wednesday. PAGASA sees the TD may landfall over Batanes-Babuyan or northeastern mainland Cagayan. Jenny is also expected to steadily intensify throughout the forecast period and may reach the tropical storm category tomorrow afternoon. It may be upgraded into a typhoon category by Wednesday during its close approach over the Batanes area. Jenny is currently moving westward at 20 kilometers per hour with maximum sustained winds of 45 kph near the center and gustiness of up to 55 kph. No tropical cyclone wind signal is currently hoisted. The post LPA enters PAR, develops into tropical depression ‘Jenny’ appeared first on Daily Tribune......»»
ARI in troika to build Visayas wind project
Aboitiz Renewables Inc. or ARI, the renewable energy arm of Aboitiz Power Corp., Singapore-headquartered Vena Energy, and Cebu-based Vivant Energy Corp., have teamed up to develop, build, and operate a 200-megawatt or MW wind project in the Visayas. The project, dubbed as San Isidro Wind Power Project, will be built in San Isidro, a fourth-class coastal municipality in the Province of Northern Samar. It will be undertaken by the joint venture company that the parties formed called Lihangin Wind Energy Corp. Construction starts Q4 2023 As disclosed in the separate stock reports of ARI and Vivant Energy on Wednesday, which are both publicly listed companies, the wind plant will begin construction within the last quarter of the year. It is scheduled to be completed by early 2025. “We are excited to partner with Vena Energy and Vivant Energy so that together, we can contribute to the Philippines’ clean energy aspirations. This undertaking demonstrates ARI’s progress in growing its renewable energy capacity to 4,600 MW,” ARI president and chief operating officer James Arnold Villaroman. “Each of these investments is an important step to achieving a 50:50 balance in our renewable and thermal portfolios. We are very excited about these opportunities to contribute to the country’s energy transition journey,” he added. Meanwhile, Emil Andre Garcia, president and COO of Vivant Energy, reiterated that their undertaking will “bring us closer to the goal to expand our RE portfolio to 30 percent by 2030.” “We welcome this opportunity to partner with two leaders in renewable energy development who share our vision of helping the country attain energy security while promoting renewable energy and contributing to countrywide development,” Garcia said. Most diversified AboitizPower presently has the largest and most diversified local renewable energy platform in terms of installed capacity under its operational control. Currently, close to 1,000 MW of renewable energy projects — including wind and solar farms and more geothermal capacities — are in its pipeline. The post ARI in troika to build Visayas wind project appeared first on Daily Tribune......»»
From Niño Muhlach to today’s child wonders: The kids are all right
This is not a tribute piece to my favorite Annette Bening and Julianne Moore movie. But the movie title is the most appropriate description for all the Filipino child stars that have been amazing and wonderful on the silver screen and television, and that have made a lasting impact on the Generation X demographic (that includes me, a proud Gen Xer). This also serves as a warm welcome and mabuhay to the latest set of kids who are set to spread joy and bring their own kind of magic to our entertainment scene. The most important child actor in Philippine movie history, bar none, is Niño Muhlach. The nephew of movie queen Amalia Fuentes and cousin of Aga Muhlach had the charisma, confidence, talent and star quality that was never before seen in any child actor this side of Hollywood. Adjectives such as precocious, innocent and lovable captured perfectly the child wonder like no other. His stellar reign during the mid-‘70s to to the mid-‘80s was solid and supreme, with box office hits, endorsements and epic collaborations, with, among others, the late great King of Philippine movies, Fernando Poe Jr. in Ang Leon at Ang Kuting, movie queen Vilma Santos in Darna at Ding, and the one and only Comedy King, Dolphy, in the movie that is now considered a pink motion picture classic, Ang Tatay Kong Nanay. Muhlach became the standard by which all Filipino child stars have since been measured. The after-Niño child wonders include Aiza Seguerra, Eat Bulaga’s biggest child discovery from the show’s Little Miss Philippines contest, who achieved almost the same footing and popularity as the original; Matet de Leon, Seguerra’s closest rival; the other EB boy finds Steven Claude Goyong and BJ Forbes; and last but not least, everybody’s lovable one-time Aling Maliit, Ryza Mae Dizon. Credit must be given to the parents, guardians and support system of the kids mentioned here because their popularity did not spoil them. They were never branded as juvenile delinquents, becoming responsible adults who found what made them truly happy and content. A handful of them are still in show business, now working as competent and respected artists, while others are living private and fruitful lives. Interesting kiddie show Following in the footsteps of these league of extraordinary child wonders are Sebreenika Santos, Honey Love Johnson, Cheska Maranan and Tom Leaño. These clever kids are the hosts of Kids: Toy Kingdom Show, an online program with a second season airing by end-September. What makes this kiddie show interesting, according to its resident uya Tom, is that “All of us are given the opportunity to play with different toys, whether they are the latest finds or vintage collections. I like the fact that our show, ginigising ‘yung imagination and creativity ng mga bata. We hope as they see us play with the toys, ‘yung audience namin, sila rin, they will close whatever gadgets they have and play, use their imagination and interact with other kids.” Leaño also looks forward to doing Filipino games. “From what I know, aside from playing with toys, we will also be doing and participating in Filipino games like the patintero, luksong baka, luksong lubid, piko, tumbang preso and many more. I believe that these games build character, discipline, diskarte and genuine friendships. Gusto namin na ‘yung mga bata will discover the fun in these games at hindi lang sila laging nakaharap at nakababad sa computers at gadgets nila.” The girls’ unanimous toy of choice is Barbie. They like dressing up their dolls and pretend that Barbie converses with her friends. They are also fond of toys that allows them to build, create and think, and giggle and laugh with friends. The kids in the show are appreciative of the fact that aside from all the playing and toys, their hosting talents are also being honed, and that they learn plenty from listening and observing during the tapings and being surrounded by the community of artistic and creative people that bring the show to life. We can safely say that these child actors are all right, and that in time, we will witness their own blossoming — a welcome addition to the adorable roster of Filipino showbiz child sensations through the years. The post From Niño Muhlach to today’s child wonders: The kids are all right appeared first on Daily Tribune......»»
‘Regulate them’: Hard-up Indonesia traders urge TikTok sales ban
As clothing seller Hendri Tanjung struggles to hawk his tunics to Indonesian buyers outside his market shop, he says customers are turning to cheaper versions on TikTok, pummeling his income. The 35-year-old sells his wares at Tanah Abang, Southeast Asia's largest textile market, where sellers are desperately calling out to passersby. The market in the capital Jakarta is less crowded than usual, with some outlets shuttered, as many of its thousands of merchants selling products made in factories or by tailors and weavers complain about the impact of TikTok's booming e-commerce arm on their business. "We want the government to close TikTok Shop, or at least regulate them. I feel bad for my employees," said Tanjung. Indonesians spent more money on the Chinese-owned app than anywhere else in the region over the past year, as TikTok Shop rapidly gained a substantial regional market share and millions of sellers since its 2021 launch. But government ministers in Southeast Asia's biggest economy have threatened to ban the app outright because of its impact on local sellers, including those at Tanah Abang who rely on offline buyers. Tanjung said a tunic he sells at 60,000 rupiah ($3.90), can be found for 40,000 rupiah on TikTok Shop, undercutting his business. "I don't know where they source their products to sell at such low prices. Ours are our own products and we cannot sell them at that price," he said. After a daily revenue drop of more than 80 percent from 30 million rupiah ($1,948) to five million ($324) in recent months, he was forced to lay off five of his 30 employees. Laws in the archipelago nation do not cover transactions through social media platforms such as TikTok, Facebook or Instagram. But President Joko Widodo said new regulation on social media transactions could come as early as Tuesday. The draft regulation, expected to be presented soon after Widodo said Monday it was "being finalized in the trade ministry", will aim to curb what Jakarta says are monopolistic practices. Level playing field Experts say such regulation would create a level playing field for local businesses. "The key is to regulate social commerce to be on par with e-commerce and traditional offline retailers," said Nailul Huda, a researcher at the Institute for Development of Economics and Finance. "The government should enhance protection for local products by tightening regulations on imported goods and offering disincentives for imports." TikTok has criticized calls for a ban, saying it would harm Indonesian merchants and consumers. "Close to two million local businesses in Indonesia use TikTok to grow and thrive through social commerce," Anggini Setiawan, TikTok Indonesia's head of communications, told AFP earlier this month. Indonesia is TikTok's second-largest market, with 125 million users, according to company figures. It is owned by Chinese tech giant ByteDance. The country represented 42 percent of TikTok's $4.4 billion regional gross merchandise value last year, according to Singapore-based consultancy Momentum Works. TikTok's chief executive Shou Zi Chew visited Jakarta in June, pledging to pour billions of dollars into Southeast Asia in the coming years. But the market sellers want TikTok's rise restricted. Atinah, a 21-year-old who sells clothing, said she could no longer hope for high weekend sales at her shop at Tanah Abang, which used to bring in around 10 million rupiah per day. "We are happy if the government can regulate TikTok Shop since now we can only make around three million rupiah on weekends," said Atinah, who like many Indonesians goes by one name. "Buyers always compare the prices here with what they see on TikTok Shop." The post ‘Regulate them’: Hard-up Indonesia traders urge TikTok sales ban appeared first on Daily Tribune......»»
Franco’s Spain: a long and haunting dictatorship
What was one of Europe's longest-running dictatorships comes under scrutiny on Friday as a victim of alleged torture by the forces of General Francisco Franco testifies for the first time in a Spanish court. AFP looks back at the dictator's repressive 36-year legacy, which continues to divide Spain nearly half a century after his death in 1975. Civil War Franco rose to power during the Spanish Civil War, which began in 1936 when he led a coup against the country's left-wing Republican government. A three-year battle for control of Spain ensued, pitting Franco's Nationalist rebels, backed by fascist Italy and Nazi Germany, against the Soviet-backed Republicans. The Nationalists won the conflict, which ended in 1939 with hundreds of thousands of dead. Among the killing sites was the Basque town of Guernica, which was bombed by German war planes -- an atrocity immortalised in a haunting painting of the same name by Spanish artist Pablo Picasso. In his book "The Spanish Holocaust", historian Paul Preston estimated that 200,000 people died in combat during the conflict, and another 200,000 were murdered or executed -- 150,000 at the hands of the Nationalists. Atrocities were also committed by the Republican side. After WWII broke out, Franco held talks with Hitler on joining the Axis Powers but ultimately decided against direct military involvement. Executions and stolen babies Franco ruled for another three decades with the backing of the military and the Catholic Church. During his first five years in power, he executed tens of thousands of Republican prisoners and dumped their bodies in mass graves. Spain's prison population shot up, and half a million people fled the country as their property was seized. Newborns were snatched from opponents and poor families to be passed on to couples unable to have children, many of them close to Franco's regime. Campaigners estimate there were thousands of "stolen babies" over the decades. Reckoning with the past After Franco's death on November 20, 1975, King Juan Carlos succeeded him as head of state and led the transition from dictatorship to democracy. The authorities opted for a "pact of forgetting" over the dictatorship's crimes, to avoid a spiral of score-settling between Franco supporters and opponents. For decades, all attempts to bring Franco-era officials to justice were blocked. A major shift took place under Socialist Prime Minister Pedro Sanchez, who has driven efforts to commemorate those who died or suffered violence or repression during the civil war and dictatorship. One of his most controversial moves was to remove Franco's remains from a vast hillside mausoleum north of Madrid that drew a steady stream of right-wing sympathizers and move them to a more discreet family tomb. Right-wing parties have accused Sanchez of needlessly dredging up the past and vowed to reverse a new law that commits the state to searching for victims of the dictatorship buried in unmarked graves. The post Franco’s Spain: a long and haunting dictatorship appeared first on Daily Tribune......»»
Armenia holds drills with US amid rift with Russia
The United States and Armenia opened military drills on Monday, the latest sign of Yerevan drifting from Moscow's orbit as Russia's invasion of Ukraine reshapes post-Soviet relations. The exercises come amid mounting frustration in Armenia over what it sees as Russia's failure to act as a security guarantor amid mounting tensions with its historic rival Azerbaijan. Exercise Eagle Partner opened with some 85 US soldiers to train around 175 Armenian soldiers through September 20, according to the US Army Europe and Africa Command. Armenia's defense ministry said the exercises aimed to "increase the level of interoperability" with US forces in international peacekeeping missions. The US military said the drills would help Armenia's 12th Peacekeeping Brigade meet NATO standards ahead of an evaluation later this year. Kremlin spokesman Dmitry Peskov said Armenia's decision not to conduct drills with the Moscow-led Collective Security Treaty Organization (CSTO) alliance and instead work with the United States required "very deep analysis". "Of course, we will try to comprehend and understand all this. But in any case we will do so in close partnership dialogue with the Armenian side," he said. The United States brushed off the Kremlin critique and pointed to Russia's wars with both Ukraine and Georgia. "I think that given Russia has invaded two of its neighbors in recent years, it should refrain from lecturing countries in the region about security arrangements," State Department spokesman Matthew Miller told reporters. He said that the United States has had security cooperation with Armenia since 2003 and called the latest drill "a routine exercise that is in no way tied to any other events." But Moscow last week summoned Armenia's ambassador to complain about "unfriendly steps" the country was taking. The ministry said Armenia's envoy was given a "tough" rebuke but insisted that the countries "remain allies." "It sounded more like a threat to Yerevan than a description of reality," said Gela Vasadze, an independent political analyst. "In fact, Russian-Armenian relations have reached a strategic impasse," he told AFP. 'Weakened Russia' In Yerevan, residents expressed frustration over Russia's lack of military and political support as tensions with Azerbaijan flared again. Mariam Anahamyan, 27, told AFP that Armenia had made a mistake by "pinning its hopes on the Russians". "So now let's try with the Americans. The consequences may be bad but not trying would be even worse," she said. For Arthur Khachaduryan, a 51-year-old security guard, "Russia failed to keep its commitments during the war and has even made our situation worse." He was referring to a brief but bloody conflict in 2020 for control of Nagorno-Karabakh, a separatist region in Azerbaijan. Russia brokered a ceasefire and deployed 2,000 peacekeepers to the Lachin corridor, which connects Armenia to Nagorno-Karabakh. But Armenian Prime Minister Nikol Pashinyan recently said Moscow was either "unable or unwilling" to control the passage. His government has accused Azerbaijan of closing the road and blockaded the mountainous region, spurring a humanitarian crisis in Armenian-populated towns. Pashinyan also recently claimed that Armenia's historic security reliance on Russia was a "strategic mistake". Bogged down in its invasion and isolated on the world stage, "weakened Russia is rapidly losing influence in its Soviet-era backyard", said independent analyst Arkady Dubnov. "Armenians are frustrated with Russia, which failed to help them during the Karabakh war and its aftermath," he said, adding that Moscow "also seems to be lacking a clear plan, strategy in the Caucasus". 'New allies' Nagorno-Karabakh was at the centre of two wars between Azerbaijan and Armenia. In the 1990s, Armenia defeated Azerbaijan and took control of the region, along with seven adjacent districts of Azerbaijan. Thirty years later, energy-rich Azerbaijan, which built a strong military and secured the backing from Turkey, took revenge. After the 2020 war, Yerevan was forced to cede several territories it had controlled for decades. The situation in Nagorno-Karabakh remains volatile and Armenia has accused Azerbaijan of moving troops near the region recently, raising the spectre of a fresh large-scale conflict. The European Union and United States have taken a lead role in mediating peace talks but have so far failed to bring about a breakthrough. "The Kremlin has no resources -- neither the will -- to help Armenia and is letting Azerbaijan and Turkey to pursue their objectives," Dubnov said. "In that situation, Armenia is trying to forge strong new alliances." The post Armenia holds drills with US amid rift with Russia appeared first on Daily Tribune......»»
US and Vietnam set to expand ties as China worries grow
US President Joe Biden arrives in Vietnam on Sunday set to deepen cooperation between the two nations, in the face of China's growing ambitions in the region. Biden -- who is flying from the G20 summit in New Delhi -- will meet the leader of Vietnam's ruling Communist Party, Nguyen Phu Trong, on Sunday, and is expected to sign off on a "comprehensive strategic partnership", Hanoi's highest level of diplomatic ties. The underlying goal of the short visit will be much the same as during Biden's time at the G20 gathering -- to shore up support against China's increasing influence. For Vietnam, the upgrading of diplomatic ties is significant. It only has top-level ties with Russia, India, South Korea and China. Although it will be careful to be seen as not taking sides between the United States and China, Vietnam shares American concerns about its neighbor's growing assertiveness in the contested South China Sea. The United States and Vietnam -- a key manufacturing hub -- also have increasingly close trade ties, and Washington sees Hanoi as an important partner as it looks to source less from China after supply chain shocks rocked the global economy in recent years. In Hanoi on Sunday, there will be a welcome ceremony, speeches by the two leaders and a press conference by the US president -- who on Tuesday awarded the top US military honor to a helicopter pilot who rescued four soldiers during the Vietnam War. Biden will meet President Vo Van Thuong and Prime Minister Pham Minh Chinh the following day. Ahead of the 80-year-old US president's arrival, Hanoi's central Hoan Kiem Lake area, packed with families out for a weekend stroll, was adorned with American and Vietnamese flags. Nearby in the city's old quarter, a souvenir shop sold T-shirts with Biden's face emblazoned across the front. "I think the US is a good friend to Vietnam," said the shop's 61-year-old owner Truong Thanh Duc. "With this visit of President Joe Biden, I think he will bring more business contracts and jobs to Vietnamese people." - Human rights - In Vietnam, Biden will be juggling strategic interests with the defense of human rights. The Southeast Asian country has a dire human rights record. Government critics face intimidation, harassment and imprisonment after unfair trials, and there are reports of police torture to extract confessions, Human Rights Watch says. While the president has often criticized China's human rights record, he has largely stayed quiet on Vietnam and campaigners are fearful he may not press the subject. National Security Advisor Jake Sullivan said prior to the trip that Biden would raise issues related "to freedom of expression, freedom of religion, and other basic human rights". His visit comes days after a US government commission on religious freedom harshly criticized Vietnam for "egregious, ongoing, and systematic violations". On Saturday, Nguyen Bac Truyen, a legal expert and religious freedom advocate who was sentenced in 2018 to 11 years in prison for subversion, said on Facebook he had been released and allowed to travel to Germany with his wife. Vietnam often releases political prisoners prior to US presidential visits. Biden's visit to Hanoi will mean he leaves early from the G20 summit, where leaders agreed on a joint declaration that papered over deep divisions on the war in Ukraine and tackling climate change, avoiding direct criticism of Moscow and any concrete pledge to phase out polluting fossil fuels. His Vietnam trip will also include a poignant visit to the memorial to his friend John McCain, the former US senator shot down and held captive during the Vietnam War who in later years helped rebuild ties between the two countries. burs-aph/sco © Agence France-Presse The post US and Vietnam set to expand ties as China worries grow appeared first on Daily Tribune......»»
UK report exposes high number of anonymous property owners
Over two-thirds of properties in the UK held by overseas shell companies still do not publish information about the identity of their owners, according to new research. The report by researchers at the LSE, the University of Warwick and the Centre for Public Data found that law enforcement agencies did not even know the true identities of the owners of 35 percent of the properties. The UK government has previously committed itself to cracking down on anonymous ownership of UK property. Parliament was on Monday due to consider amendments to the Economic Crime Bill, aimed at closing some loopholes, but the LSE said Prime Minister Rishi Sunak's Conservative government was opposing this. "We still don't know who really owns tens of thousands of properties in the UK. The government should act to close these loopholes," said Anna Powell-Smith, director of the Centre for Public Data. The report said the identity of owners was hidden in the cases of 109,000 out of 152,000 properties (over 70 percent) held via overseas companies. The main reason for "missing or inaccessible information" was the use of trusts, accounting for 63 percent, it said. The report also highlighted how shortcomings in the register of owners of UK companies -– known as the PSC register -– could also be allowing corrupt practices. At present, nominees and trustees owning shares are not required to tell UK authorities who they are acting for. The government is opposing an amendment that would bring transparency to these arrangements, the LSE added. "The striking thing is that most of the problems with the register are self-inflicted," said Cesar Poux, research officer at LSE's International Inequalities Institute. "There certainly is some rule-breaking, but most of the problems are because the legislation is flawed." The post UK report exposes high number of anonymous property owners appeared first on Daily Tribune......»»
Cooking is in his Spanish blood
Sometime in 2017, a veterinarian from the province of Valencia in Spain went on vacation with three of his best friends to the island of Siargao in the Philippines. They enjoyed surfing a lot and fell in love with the place so hard that by the end of their 15-day holiday, they promised to return and even considered relocating. [caption id="attachment_178310" align="aligncenter" width="1707"] CHEF Luis Martinez | PHOTOGRAPH COURTESY OF DOñA ELENA[/caption] A year later, the four amigos made their “final decision.” They made the big move to Siargao and “luckily” found work. The veterinarian, though, ended up becoming a chef and opened a restaurant he called Alma. Then the pandemic struck and, soon, a super typhoon hit the island. The newbie chef had to close down his first culinary venture. Fast-forward to 2023: Chef Luis Martinez is coolly directing his staff at Terraza Martinez restaurant in Bonifacio Global City this late morning of 30 August for an event in collaboration with Doña Elena brand of olive oil. He then introduces the menu he’s specially prepared for the media representatives covering the event. Martinez maintains his coolness as he sits down for an interview with DAILY TRIBUNE and another publication. He says his three friends of 35 years who came with him to Siargao six years ago are still on the island. “We’ve known each other for 35 years. I have my little family from Spain here.” Back in Spain, he has his parents, four siblings and other relatives that make up his “core family” of 25 members who can all cook. He fondly remembers growing up bonding with his family around the kitchen “cooking, eating, drinking wine” particularly every Sunday and on Christmas. He mentions a couple of his comfort food, such as paella, which traces some of its origins in Valencia, and cocido, a beef soup that he likens to the Pinoy bulalo. That’s how Martinez learned how to cook around age nine. “I never studied culinary arts. I never worked in a kitchen before. My first kitchen was Siargao three years ago. Now, this one,” he says of Terraza Martinez, which he set up in 2022 with the Nikkei Group that runs several restaurants. He also admits to making a lot of mistakes along the way of his trial-and-error ways while trying a lot of flavors. [gallery size="full" columns="2" ids="178311,178312"] In terms of culinary, he says he brings “almost everything” of the Spain he grew up into Terraza Martinez. “My idea is I want to make our guests to feel like having lunch or dinner in Spain,” he explains, “with the same kind of ambience, with the same kind of essence where you have a little of tapas, paella, where you can enjoy not only the food but the company of your friends and the comfort of the food. So I’m trying to bring some Spanish culture here as we eat there.” Martinez turns candid when asked about his observations of Filipino cuisine: “The flavors are a little bit sweet than we’re used to. Also, I need to put a little bit less of what I’ll put in Spain. I use a little bit of sugar to make it a little sweet. “I need to adjust, yes. When I opened my first place, I got a lot of complaints because they were saying my food was little bit salty. They were expecting a little bit of sweetness. So I need to adjust, yes. Even here in Terraza Martinez. It has a little bit of Filipino taste.” The chef, for instance, had to take out gazpacho, a cold soup, from the menu because Filipinos tend to prefer hot soups. Overall, though, the reception to Terraza Martinez has been overwhelmingly positive by diners who are made up of “90 percent Filipinos and 10 percent foreigners.” This makes Martinez truly “surprised and happy,” saying, “I wasn’t expecting this a lot of people. All our customers really like the place. They like the food. For me, because I’m the chef, wow!” Next on the chef’s plate is a new restaurant in Siargao he hopes to open soon. That means he’ll be dividing his time, about 15 days each, in Siargao and in Manila. Spain can wait in the meantime. “I try to visit my family and friends every two months, maximum three… I spend summer here because right now I’m opening a restaurant, so I cannot go.” Meantime, Martinez continues to learn more about the Philippines with some help from his Filipina girlfriend, who’s teaching him a bit of the national language. He also picks up words here and there from conversations. He also looks forward to surfing in Siargao, but, when he’s in Manila, just swims and has recently taken up boxing to burn the calories he consumes eating. The post Cooking is in his Spanish blood appeared first on Daily Tribune......»»
Typhoon ‘Hanna’ may reach peak intensity by Sunday
Typhoon "Hanna" maintains strength as it decelerates westward but is “less likely to directly” bring heavy rains, rough seas conditions, and severe winds over the country throughout the forecast period, the Philippine Atmospheric, Geophysical and Astronomical Services Administration said Friday. However, PAGASA said the southwest monsoon or "habagat" currently enhanced by “Hanna” and Typhoon "Saola" (formerly "Goring"), and Severe Tropical Storm “Kirogi” will bring occasional monsoon rains over the western portion of Luzon in the next three days. It will also cause gusty conditions over the following areas not under any Wind Signal, especially in coastal and upland/mountainous areas exposed to winds in Batanes, Ilocos Region, Abra, Benguet, Zambales, Bataan, Bulacan, Aurora, Metro Manila, CALABARZON, MIMAROPA, Bicol Region, Western Visayas, and the northern portion of Eastern Visayas until Saturday. PAGASA said similar weather conditions will be experienced over the Batanes, Ilocos Norte, Ilocos Sur, Zambales, Bataan, Bulacan, Aurora, Metro Manila, CALABARZON, MIMAROPA, Bicol Region, and Western Visayas on Sunday. Also, Typhoon “Hanna” is less likely to bring rough sea conditions over any seaboard of the country through the forecast period. However, due to the southwest monsoon that is slightly enhancing, a Gale Warning is in effect for most seaboard of Luzon and Western Visayas, and the seaboard of Northern Samar. “Hanna” is forecast to move generally west-northwestward throughout the forecast period. It may pass close to or make landfall in the vicinity of the Yaeyama Islands in the Ryukyu archipelago between tomorrow evening and Sunday morning. Then make landfall on Sunday morning and traverse over Taiwan. “Hanna” is forecast to exit the Philippine Area of Responsibility on Sunday afternoon or evening. PAGASA said the tropical cyclone will turn more westward as it passes over the Taiwan Strait before making another landfall over mainland China on Monday morning or afternoon when outside PAR. Meanwhile, “Hanna” may reach its peak intensity on Sunday morning prior to its landfall over Taiwan while its rapid weakening will then ensue following its landfall over mainland China on Monday. “Hanna” was last tracked over 710 kilometers East Northeast of Itbayat, Batanes, packing maximum sustained winds of 120 kilometers per hour near the center and gustiness of up to 150 kph while moving westward at 15 kph. The post Typhoon ‘Hanna’ may reach peak intensity by Sunday appeared first on Daily Tribune......»»
Sell no casino
As a take-off point, let us quote Abraham Lincoln’s words on the legitimate object of government, viz., “It is to do for a community of people whatever they need to have done, but cannot do in their separate and individual capacities.” In the case of privatizing Pagcor down to some 45 casinos, it would appear that the “bargain of government spending” is framed along Adam Smith’s theory — “Give me this which I want and you shall have this which you want.” Privatization simply means removal of responsibilities, activities, or assets from the collective realm, but are there not “risks and rewards when we put public tasks into private hands?” All of a sudden — from out of the blue — this government plan to auction off Pagcor is quite disconcerting unless national survival has become a central concern. Rep. Rufus Rodriguez rightly questions, thus, “Why do we sell the goose that lays the golden egg?” Specially so since the agency’s forthcoming net gains are on the uptrend (i.e., P59 billion in 2022 and an estimated P75 billion by the end of this year). So far, the alibi of government is that by selling its casinos — lock, stock, and barrel — Pagcor’s role as “gaming regulator-cum-operator” becomes purely as regulator. In other words, there is that “revolving door problem” which should be avoided. Even granting that this could be a tenable argument for privatization — though never heard of — what would the backlash be? As far as the role of the Governance Commission for GOCCs is concerned, a public enterprise like Pagcor should only be privatized, if and only if, there’s a “government failure;” when it fails to generate revenues for the state; when it becomes reduced to a “non-performing asset;” when it shows “poor grades” in its Corporate Governance Scorecard. Thus, to privatize Pagcor absent these parameters should be interpreted as “implied contempt for government bureaucracy,” albeit misplaced. The sale of the casinos would fetch about P60 to P80 billion — practically within the same threshold of profit intake for any given year, give or take. In recent weeks, it’s as though the Senate’s over-fixated concerns with Pagcor were the POGOs (Philippine offshore gaming operators) alleged as fronts for human trafficking, kidnapping, other sorts of lawlessness. After privatizing the Pagcor casinos, will all these problems then go away? Bottom line, who in his right mind can say that Pagcor isn’t doing any better given that it contributes half of its revenues to the national coffers (i.e., in taxes) and mandated beneficiaries. It is said to be one of the government’s “staunch allies in nation building” and one of the biggest revenue generators. With the casinos out, who will shoulder the fiscal void created when “funded mandates” shift back to becoming unfunded? As a consequence of privatizing the casinos, there will be a number of national government agencies, local government units, non-government organizations, peoples’ organizations, a number of taxes, duties, licenses, fringe benefits — that taken together would no longer bring a “bundle of joy” to mandated beneficiaries who were allocated such subsidies over the years. The next thing that will ensue is the stark truth that Pagcor would cease to be a “responsible partner of the Filipino” — once privatization cuts the umbilical cord of subsidy dependence. In the next cycle, Pagcor would slide down from third place among GOCCS that remit the highest government contribution. As a rule, no GOCC belonging to so-called “billionaires club” should close shop without more justifiable grounds. In short, it should come last in privatization’s pecking order. There’s clearly no compelling reason to sell off the Pagcor casinos by public auction if the projected proceeds to be generated thereof are practically equivalent to the profit intake of any given year. Again, it escapes comprehension why only a handful of policy makers are against this self-inflicted move. The new pack of most-favored operators will quickly recoup their money without needing to gild the lily. What luck! The post Sell no casino appeared first on Daily Tribune......»»
Nothing can drag a Boholana down
No pandemic, nor deadly natural catastrophe can bring down a Boholana: this is the living faith by which Lourdes Sultan, managing director of Travel Village Tours and Travel and owner of several vessels which comprise the Loboc River Cruise in Bohol, lives by. Sultan, a tour operator in Loboc for the past 35 years, is a perfect epitome of a resilient Filipina who did not falter while going through such major upheavals as typhoon “Odette” in 2021 that wrecked her vessels; the magnitude 7.2 earthquake in Bohol in 2013 and the perennial flooding in Loboc, and the global pandemic that shut down international borders, barring the arrival of tourists in the country. “The floating restaurant business here in Loboc started 30 years ago but in 2000, we decided to dwell in the floating restaurant operation. We used to have eight vessels, but after typhoon “Odette” hit us in December 2021, we are now left with four,” said Sultan in an interview. She said that pre-pandemic, there were 26 vessels plying the Loboc River serving foreign and local tourists, but the number was diminished because of the unfortunate wrath of natural catastrophes. Pandemic, ‘Odette’ challenge She said the strong earthquake in 2013, the declaration of the Covid-19 pandemic in 2020, and the pummeling of the province by typhoon “Odette” in 2021 were the worst challenges that her enterprise has endured. “The pandemic made us totally close operations. During that time, we tried to maintain and improve our vessels in preparation for the reopening of borders. Indeed, losses with Odette and the pandemic were in the millions,” she told the Daily Tribune. Aside from that, Sultan said operators of floating restaurants were also required by the local government to update their vessels, making them shell out additional costs. In 2021, Sultan said tourist arrivals trickled, as some restrictions were modified and eased by the Inter-Agency Task Force of the national government. “Even if we only cater to domestic customers, we were more hopeful back then. But amid the high hopes, typhoon “Odette” hit us on 16 December 2021—a strong typhoon during an enduring contagion. We decided to let go of some workers. But luckily, we hired them back when things got better in March 2022,” she shared. Typhoon “Odette,” that pummeled Bohol before Christmas Day, was considered by the Provincial Disaster Risk Reduction and Management Office as the worst ever to hit the province, prompting the Provincial Capitol to declare a state of calamity after incurring massive devastation on agriculture and infrastructure and inundated swaths to the island. Not yet pre-pandemic She said, however, that the tourism industry in Loboc is not yet in the pre-pandemic state, saying that foot traffic is only at 70 percent to date, even if they are fully booked during daily operations, especially weekends. “Revenge travel is real. The influx of domestic travelers is greater now compared to pre-pandemic. Aside from local tourists, European and Asian tourists are now coming back,” she said. As of July 2023, the Department of Tourism logged a total of 3,000,079 international visitor arrivals. On the other hand, the country’s inbound tourism receipts from 1 January to 30 June 2023 climbed to P212 billion or 502.02 percent higher than the P35-billion tourism revenue generated from the same period last year. Support for DoT program Sultan, also the president of the Bohol Federation of Travel and Tour Operators and an officer of the Bohol Provincial Tourism Council, said she is backing the DoT program Faith-based Tourism Circuits, as part of the department’s thrust to develop new tourism circuits and multi-dimensional tourism products. Last 14 to 17 August, the DoT Central Visayas, in partnership with the Provincial Government of Bohol, organized a familiarization tour of Bohol’s Faith-based Tourism Circuits, with the aim to promote and showcase Bohol’s historical and cultural assets specifically its century-old churches, heritage houses, religious landmarks and living cultural traditions. Through Bohol’s Faith-based Tourism Circuits, participants, including members of the media, visited some of Bohol’s heritage churches declared as National Historical Landmarks or cultural treasures and experienced a few of their inherent traditions such as Asin Tibuok, among others. The main highlight of the tour was the canonical crowning of the image of the Virgen de la Asunción of the Municipality of Dauis, officiated by Papal Nuncio Charles Brown last 15 August. “The direction is we do not want the churches to be just tourist spots, but for tourists to have a glimpse of the spiritual component,” according to Sultan. The post Nothing can drag a Boholana down appeared first on Daily Tribune......»»
Hurricane Hilary weakens but still threatens northwest Mexico, California
Hilary continued on a steady path toward Mexico's Baja California peninsula on Saturday as a powerful hurricane that officials warned could bring "potentially catastrophic" flooding there and to parts of the US Southwest. The storm weakened Saturday from a powerful Category 4 to Category 3 on the five-step Saffir-Simpson scale -- still deemed capable of "devastating damage" -- with hurricane conditions expected to continue along the Baja California coast through Sunday morning, the US National Hurricane Center said. Mexican authorities predicted intense rainfall and electrical storms with a risk of flooding along the Pacific Coast and warned residents to take necessary precautions. By late morning, maximum sustained winds of 125 miles per hour (205 kilometers per hour) were being reported, with higher gusts, the NHC said. "The center of Hilary will move close to the west-central coast of the Baja California peninsula tonight and Sunday morning then move across southern California Sunday afternoon and Sunday night," the hurricane center said. The storm is expected to weaken to a tropical storm before reaching southern California and southern Nevada, with heavy rainfalls and flooding still possible. Residents and workers in the Mexican tourist resort of Cabo San Lucas have put up protective boarding and laid thousands of sandbags as large waves began crashing ashore. Military personnel were seen patrolling the beach in the city, a popular destination for both Mexican and foreign tourists. "We took all the precautionary measures last night," Omar Olvera told AFP on Saturday at the Cabo San Lucas beachfront restaurant where he works. With sandbags piled protectively around the restaurant, he said, "We're just looking out for the workers and waiting for the weather to come." The federal electric utility has deployed 800 workers and hundreds of vehicles to deal with eventual electric outages, it said. In the United States, "rainfall amounts of three to six inches, with isolated amounts of 10 inches, are expected across portions of southern California and southern Nevada," the NHC said. "Dangerous to locally catastrophic flooding will be possible." Major League Baseball and Major League Soccer have rescheduled games planned for Sunday in the US region. Hurricanes hit Mexico every year on both its Pacific and Atlantic coasts. Although their remnants sometimes affect California, it is rare for cyclones to strike the state with tropical storm intensity. The post Hurricane Hilary weakens but still threatens northwest Mexico, California appeared first on Daily Tribune......»»