We are sorry, the requested page does not exist
Most Filipinos reject Charter change, lifting foreign ownership restrictions
An overwhelming majority of Filipinos oppose changing the 1987 Constitution at this time, according to a new Pulse Asia Survey, with results showing Filipinos in all regions and all socio-economic classes did not support the lifting of foreign ownership restrictions in key industries......»»
Gilas women off to great start in FIBA 3x3 Asia Cup
The Gilas Pilipinas women had a strong start in the 2024 FIBA 3x3 Asia Cup after coming up unscathed in the first day of the competition Wednesday at the Singapore Sports Hub......»»
Xinhua Asia-Pacific news summary at 1600 GMT, March 25
JAKARTA -- One was killed and nine others, including children, went missing after a landslide struck a village in the Indonesian province of West Java on Sunday, a local official said Monday. The disaster took place in Cibenda village in West Bandung regency on Sunday after torrential rain reportedly poured over the area for around two hours. (Indonesia-Landslide) - - - - SYDNEY -- Local media repo.....»»
Philippine women s ice hockey back with a bang, trounces Kyrgyzstan in IIHF tiff
The Philippine women’s ice hockey reintroduced itself to the international stage Sunday night with a convincing 7-4 victory against hosts Kyrgyzstan at the 2024 IIHF Women’s Asia and Oceania Cup at the Bishkek Arena......»»
Xinhua Asia-Pacific news summary at 1600 GMT, March 25
JAKARTA -- One was killed and nine others, including children, went missing after a landslide struck a village in the Indonesian province of West Java on Sunday, a local official said Monday. The disaster took place in Cibenda village in West Bandung regency on Sunday after torrential rain reportedly poured over the area for around two hours. (Indonesia-Landslide) - - - - SYDNEY -- Local media repo.....»»
Regine hugot na hugot: Mahirap kapag tumatanda ka na sa industriya!
INISA-ISA ng Asia’s Songbird na si Regine Velasquez-Alcasid ang ilang mga pagbabago na nararanasan ng isang babae habang nagkakaedad. Diretsahang inamin ng singer-actress at TV host na napakaraming challenges ang kailangang harapin ng mga kababaihan, kabilang na silang mga nasa entertainment industry. Sa naging speech ni Regine sa naganap na kauna-unahang Billboard Philippines’ Women in.....»»
Regine bet na bet gawing National Artist For Music, aprub kayo?
MGA ka-BANDERA, payag ba kayo sa panawagan ng mga fans na gawin nang National Artist for Music ang Asia’s Songbird na si Regine Velasquez? Ito ang isinusulong ngayon ng mga supporters at social media followers ng OPM legend at TV icon matapos niyang tanggapin ang kanyang award sa Billboard Philippines’ Women in Music. Talagang naging.....»»
Top 10 e-commerce sites in the Philippines 2019 - ASEAN UP
With a dynamic economy and a large population proficient with digital technologies, the Philippines is a fast-growing market for e-commerce in Southeast Asia. Several websites and digital applications are already fighting for market share, with global, regional and national players. The growing connectivity of the Philippines, rapidly overcoming the countrys infrastructure difficulties, enable more and Continue reading &q.....»»
A positive difference
“The best way to find yourself is to lose yourself in the service of others,” Mahatma Gandhi once said. Marian Wright Edelman states, “Service is the rent we pay for being. It is the very purpose of life, and not something you do in your spare time.” Two memorable statements capture the essence of Attorney Kelvin Lester Lee, hailed by Dean Antonio La Viña of Ateneo School of Government as “one of the finest and most visionary individuals to have emerged from Ateneo Law School.” It’s no surprise that Atty. Lee became a Commissioner at the Securities and Exchange Commission in 2019. While his position may be formidable, those who have met him in person can attest to his kind-hearted nature and willingness to devote his time generously. When expressing his views, he displays a remarkable level of candor, always taking the time to carefully consider his words before speaking. Aside from his sense of humor, Lee possesses a remarkable ability to engage in meaningful conversations. When he speaks, he has a way of looking directly into your eyes, underscoring the significance of his words. Even in intense situations, he maintains a calm demeanor and is known to offer a comforting smile, lightening the atmosphere. In his role as Commissioner at the SEC, Atty. Lee assumes the responsibility of overseeing various crucial departments and divisions. These include the markets and securities regulation department, the information and communications technology department, the PhiliFintech innovation office dedicated to Philippine financial technology, and the international affairs and protocol division. Moreover, he holds authority over capital markets, sustainable finance, Fintech and information technology, and international affairs, ensuring their effective management and implementation. While the enormity of those tasks might induce vertigo in most individuals, Atty. Lee remains unfazed. “It is perhaps the best job I have ever had,” he admitted. “I enjoy making a positive change in the sector I am handling. I enjoy pushing innovations and encouraging improvements in the financial sector and capital markets.” With great responsibility, Lee adopts a heightened level of caution. Recognizing the potential impact of his words, he expressed the need to exercise carefulness in his public statements, as any statement he makes can influence the stock market. This awareness underscores his commitment to acting with prudence and considering the far-reaching implications of his words. Let’s delve into the life of Lee, who began his journey in the humble city of Davao, his birthplace. He embarked on his educational path at the Ateneo de Davao University for his grade school education, followed by his enrollment at Davao Central High School, then called Davao Chinese High School. After completing his schooling in Davao, he ventured to Beijing, China, where he pursued studies in the Chinese language and gained work experience with a foreign company. However, after two years, he returned to the Philippines and enrolled in Ateneo de Manila University to pursue a law degree. This journey showcases his diverse experiences and the foundation of his educational and cultural background. “The Ateneo de Manila entrance exam was the only one I could take that year when I came back from China,” he said, adding that he never dreamed of becoming a lawyer. “I just wanted to give it a try. And found I was a surprisingly good fit for it.” As a lawyer, he has five ideal lawyers. Only one is a foreigner: Sir Thomas Moore, an English lawyer, social philosopher, author, and statesman whom Roman Catholics venerated as Saint Thomas More. “He stood by his faith and principles,” he said. Fresh from hurdling the Bar exam, he worked at the Siguion-Reyna Montecillo and Ongsiako law firm, where he learned the importance of being enterprising and putting in a diligent effort to succeed. However, despite his professional growth, he decided to quit and return to his hometown of Davao, placing the deeply rooted value on family and prioritizing personal and familial responsibilities above career pursuits. As a father to two daughters, Atty. Lee expressed that fatherhood has had a profound impact on him, bringing about significant changes. He considers it one of the greatest blessings he could ever receive. According to him, the love that his children show him is genuine and unmatched. He believes that the love of young children is unparalleled. Experiencing this level of love is indescribable, knowing someone loves you unconditionally. This extraordinary bond makes fatherhood one of the most precious and fulfilling aspects of his life. “The love your kids show you is real,” he said. “You will never be as loved as you are by your young children. There is no feeling quite like it to know that someone loves you as much as that. That’s what makes it one of the best things.” Working in government “It is an honor to serve. Very few people get an opportunity to help the country and serve the president and the people,” said Lee, who is a former assistant secretary at the Office of the Executive Secretary in Malacañang, where he was also designated to sit on the Board of the Subic Bay Metropolitan Authority. Atty. Lee’s dedication to public service earned him well-deserved recognition in his field. In March this year, he received two international accolades for his role in driving the advancement of financial technology in the Philippine business sector, highlighting his visionary thinking and influential impact solidifying his reputation as a trailblazer in the field. In the 10th annual Asia-Pacific Stevie Awards, Lee was bestowed the Gold Stevie award for his outstanding contributions as a Thought Leader of the Year. These awards celebrate workplace innovation across all 29 countries in the Asia-Pacific region. From a vast pool of over 800 regional nominations, winners were selected in various categories, including the Award for Excellence in Innovation in Products & Services, the Award for Innovative Management, and the Award for Innovation in Corporate Websites, among others. “It feels great. It’s always wonderful to be recognized for all the hard work and changes you pursue at a government agency. And I was quite surprised to get the Gold Stevie Award, the highest level of the award for thought leadership. I feel so honored!” In the next decade, Atty. Lee, now 44, envisions continuing his career in law, possibly incorporating elements of technology, and hopes to stay actively involved in government work and make a significant impact by fostering meaningful transformation. “Working in government can be quite fulfilling. I encourage young lawyers and professionals to enter the arena and work in government to try and make a positive difference.” The post A positive difference appeared first on Daily Tribune......»»
Nicole Borromeo moves up to 2nd spot in Miss International poll
MANILA, Philippines — Nicole Borromeo of the Philippines jumped to the No. 2 spot in the Asia-Pacific region, in the latest Miss International pageant’s online poll. On Oct. 15, the Cebu-based Borromeo ranked third in her region, following Vietnam’s Nguyen Phuong Nhi and Bangladesh’s Farzana Yasmin Ananna. The Vietnamese beauty maintained her lead in the latest partial count on Oct. 17. READ: Cebu City’s Nicole Borromeo is Bb. Pilipinas International 2022 But Ananna was dislodged of her spot in the Top 3, with a new delegate moving up, former Miss Philippines Australia and Charity Queen Australia Jazel Mae Alarca, who is representing the Land Down Under in the 2023 Miss International pageant. The votes were taken from an online poll on the Miss International mobile app, powered by Choicely, and available for free on the Google Play Store and Apple App Store. The top delegates from three geographic regions will earn automatic spots in the Top 15. For the Americas, Itzia Garcia from Mexico maintained her lead, while Yamilex Hernandez from the Dominican Republic moved up to the second spot. Andrea Rubio from Venezuela who was second in the initial partial count has left the Top 3 in the latest tabulation, with Vanessa Hayes from Bolivia placing third. Europe and Africa, lumped in one geographic region for the poll, has a new leader. Nassita Diako from Cote D’Ivoire who was not even among the top vote-getters in the initial partial count now tops the group, dislodging Lilene Vieira Sarrao from Portugal who is now out of the Top 3. Lysia Allaire from France and Zoi Asoumanaki from Greece are still in second and third places, respectively. “Keep on voting for your favorite delegates by downloading our Miss International App” the pageant reminded the public on social media. READ: Nicole Borromeo is not just a pretty face Nicole Borromeo is not new to pageants. She was crowned Sinulog Festival Queen in 2019 and took home the Millenial Queen title that year. Last year, first runner-up Stephany Amado from Cape Verde and second runner-up Tatiana Calmell from Peru topped the voting for Europe, Africa, and the Americas, respectively. Savanna Delos Santos from the Northern Mariana Islands, who topped the poll for Asia-Pacific, finished in the Top 15. The results of the online voting will be announced during the coronation show at the Yoyogi Gymnasium No. 2 in Tokyo’s Shibuya ward on Oct......»»
S. Korean migrant’s tale to open Asia’s biggest film festival
The world premiere of Jang Kun-jae's "Because I Hate Korea" will open Asia's largest film festival Wednesday night as it looks to rally from a year marked by scandal and budget cutbacks. The South Korean director's tale of a disillusioned young woman who relocates to New Zealand is among 209 official entries from 69 countries set to unspool at the Busan International Film Festival, which runs until 13 October. Eighty will be making their world premieres in the southern port city. This year's edition comes as organizers grapple with the fallout from former festival director Huh Moon-yung's resignation in May amid accusations of sexual misconduct. The scandal saw BIFF's 2023 budget reduced by about 10 percent as sponsors withdrew in the wake of the allegations, according to organizers. Kang Seung-ah, now serving as acting deputy director, acknowledged they had endured a "difficult phase" before assembling a lineup she said was "more substantial than ever before". Opening night director Jang, who noted he'd attended BIFF far more as an audience member than a filmmaker, told a late afternoon news conference he had sought to address serious questions with his film. "I believe it's necessary to pay attention to the fact that many young people are finding it difficult to navigate through Korean society. I started questioning whether our society is providing a fair and equitable foundation for young people to pursue their dreams," he told reporters after a preview screening. Based on the best-selling Chang Kang-myoung novel, "Because I Hate Korea" received support from BIFF's Asia Project Market back in 2016. South Korea has transformed itself into a cultural powerhouse since then thanks to the explosive success of the Oscar-winning "Parasite" and the Netflix series "Squid Game". "Many people are now showing great interest in Korean content such as K-pop, K-movies, and K-dramas. Living in such an era, they might develop a certain fantasy about South Korea, I think," Nam Dong-chul, the festival's acting interim director, told reporters. But "I thought it might be good to consider these views from the perspective of people living in Korea and especially the youth in South Korea", he said of the opening night choice. "They might have different thoughts and experiences." Frequent Bong Joon-ho collaborator Go Ah-sung, who delivered a memorable performance as the protagonist of "Because I Hate Korea", was unable to attend the festival due to a back injury. 'Dear Jinri' Despite Go's absence, the festival will still feature serious star power, with acclaimed Hong Kong actor Chow Yun Fat scheduled to receive the Asian Filmmaker of the Year award. Three of Chow's films -- "A Better Tomorrow" (1986), "Crouching Tiger, Hidden Dragon" (2000) and 2023's "One More Chance" -- will be screened in his honour. Other highly anticipated screenings include "Dear Jinri", a documentary that features late K-pop star Sulli's last and incomplete project. Sulli, born Choi Jin-ri, took her own life in 2019 after a long struggle with online bullying. The film includes her final media interview, which has not been disclosed previously. Korea's filmmaking diaspora will also be showcased with a special series of screenings that includes "Searching" (2018), starring John Cho, and director Celine Song's Sundance favorite "Past Lives". Netflix's highly anticipated "Yellow Door: 90s Lo-fi Film Club" will also have its world premiere at BIFF. The documentary spotlights South Korea's renowned cinephile generation of the 1990s, acclaimed "Parasite" director Bong among them. "The Movie Emperor", director Ning Hao's satirical take on the Chinese film industry starring Hong Kong actor Andy Lau, is set to close the festival. Ning's comedy "deftly captures the fine line between the film industries in Hong Kong and mainland China", as well as the "delicate relationship between Western film festivals and Asian filmmakers", according to the program notes. The post S. Korean migrant’s tale to open Asia’s biggest film festival appeared first on Daily Tribune......»»
Domestic aviation rebounds this year
The local aviation industry, which was badly hit by the global health crisis, is seen to achieve full recovery this year. This was according to the International Air Transport Association in a recent forum organized by the European Chamber of Commerce of the Philippines. During the Aviation Forum last week, Yuli Thompson, area manager for the IATA in Southeast Asia, said the Philippines and the rest of the Asia Pacific region’s aviation market is swiftly recovering and seeing a consistent rise in terms of growth in international and domestic travel. Thompson said passenger traffic trends for international flights in the Philippines were logged at 75 percent of 2019 levels as of June 2023. As for the Asia Pacific passenger forecast, Yuli maintained that domestic travel will fully recover in 2023, while international travel will occur sometime in 2026. Further, Asia Pacific will be seen to lead in traffic growth in the next 20 years. “However, overcoming current challenges riding on the current momentum, and meeting full recovery will require strong interventions from all players in the aviation sector,” he said. Infra investments For his part, Cebu Pacific Air chief executive officer Michael Szucs emphasized the need to invest in infrastructure, citing that “Philippine carriers will need to quadruple in size to cater to growing demand.” In her keynote speech, Secretary Grace Poe urged stakeholders to support necessary infrastructure investments, especially following the air system glitch incident earlier this year. The senator called for the acquisition of a new Communication, Navigation, and Surveillance/Air Traffic Management. Poe also recommended the hiring of a third-party maintenance provider for the CNS/ATM system. “It is my hope that the government, the private sector, and other stakeholders can work together and collaborate on air transport projects which will not only generate economic growth but also provide our people with excellent and affordable public services that can improve the quality of life for all,” she said. Also filed by Poe is Senate Bill 1121 which proposes the creation of a Philippine Transportation Safety Board. Under the directive of the current Marcos administration, Department of Transportation Undersecretary for Aviation and Airports Roberto Lim highlighted the government’s key priorities, including aviation safety and strengthening of learning institutions. Lim further noted the agency’s priority of strengthening the Civil Aviation Training Center and engaging with the private sector as close partners for Air Transport Skills Training and Development. “If we are able to train our air traffic controllers, we would not only meet our own requirements, but the requirements of other countries. We can develop this on an institutional basis,” said Lim. Open up the industry Kurt Edwards, director general of the International Business Aviation Council, also raised the fact that much could be gained “by opening the industry and making it more known to people.” In terms of managing safety risks, Captain Manuel Antonio Tamayo, director general of the Civil Aviation Authority of the Philippines, shared initiatives to advance safety capabilities in the aviation sector through the State Safety Program. The program employs a risk-based approach to regulations, capacity building and integration of a new organizational structure for monitoring and evaluation. Meanwhile, Transportation Secretary Jaime Bautista stressed that the DOTr’s goal to rehabilitate the Ninoy Aquino International Airport through a public-private partnership agreement, which he said, will present a “landmark opportunity for economic growth, improved infrastructure, and a world-class travel experience.” Added Bautista, “We are also developing regional airports, such as the unsolicited proposals for the operations and maintenance of the Bicol International Airport, Bohol-Panglao International Airport and Laguindingan Airport.” The post Domestic aviation rebounds this year appeared first on Daily Tribune......»»
‘Sinag’ and ‘Lupa’: Light that guides and land that nourishes
In late September 2019, the Cultural Center of the Philippines mounted the son et lumiere titled “Sinag: Festival of Radiance,” accompanied by a video projected on the façade of its iconic Brutalist Main Building, dancing fountain, performances and installations, as part of the celebration of the 50th anniversary of the establishment of one of the Philippines’ revered cultural institutions. The light show was staged again in the following years with different themes even during the imposed lockdowns in the first years of the coronavirus pandemic in 2020 and 2021, serving as beacon of hope during one of the most challenging times for the arts and culture sector. The “Sinag” light-and-sound show continued to be mounted this year, fast becoming a tradition for CCP, as it commemorated its 54th founding anniversary and signaled the sector’s embarking on the road to recovery. It also recognized the sector’s perseverance and determination to continue creating and healing with its theme, “Tuloy Ang Palabas”(The Show Continues).” This year, the Main Building has remained dark and silent as it closed down in January for a three-year rehabilitation and renovation, but it came alive again from 28 September to 1 October for “Sinag 2023: Tuloy Ang Palabas.” A short video was projected on the façade, showing snippets of productions, projects and performances in the past nine months, all held in different venues outside the Main Building. The main part was a spectacle of colors and moving patterns, conceptualized by CCP light designers Camille Balistoy, Danilo Villanueva, Louie Alcoran and Shantie De Roca. This was accompanied by music by Soundridemusic and Makai-symphony, spliced by Jerry Tria. Capping the show was a video showing CCP’s reach in the country, through a map created by Reily Villaruz, as well as glimpses of performances and projects in the planning, accompanied by Jed Balsamo’s “Rurok.” As the CCP Main Building highlighted art’s role as light giver, the park beside it, CCP Liwasang KaLIKHAsan, is venue for an exhibit of installations depicting popular creatures of Philippine folklore. [caption id="attachment_191675" align="aligncenter" width="525"] Kapre. | PhotoGRAPHS by Roel Hoang Manipon FOR THE DAILY TRIBUNE[/caption] The kapre, aswang and tikbalang often figure in horror stories told to children, but acclaimed artist Abdulmari “Toym” de Leon Imao, son of the late National Artist for visual arts Abdulmari Asia Imao, regarded them as nature guardians, thus the title “Tanod-Lupa.” “Tanod-Lupa” was first mounted in celebration of Earth Day on 22 April, but was brought back for the anniversary celebration, and it seems fitting for the Halloween and Christmas seasons. Imao was inspired by stories about these creatures, many of which most likely can be traced from pre-colonial times, during his childhood. “My mom is Kapampangan, and they have wonderful stories of mythology such as Apo Mallari god of Mount Pinatubo. My dad came from the South. He was a Tausug. Mindanao is also rich in stories. The Sarimanok itself is a mythical creature. My appreciation comes from a fascination from childhood and growing up with these stories and narratives from my parents,” he said. “I am very fascinated with tikbalang. There are some stories that tell that it is actually a friend. The tikbalang also has a masculine appearance, very heroic,” he added. Working together with lantern makers from San Fernando City, Pampanga, headed by Arvin Bondoc Quiwa, and using materials such welded steel, fiberglass, ropes and lanterns with LED lights, Imao reimagined the creatures to be cartoonish but still retaining some scary and mysterious qualities. [caption id="attachment_191676" align="aligncenter" width="525"] Manananggal.[/caption] [caption id="attachment_191674" align="aligncenter" width="525"] Duwende.[/caption] The bright installations of kapre, duwende, manananggal, aswang, nuno sa punso and tikbalang are scattered around the park — under a balete, in between coconut trees, among overgrown weeds and unkempt bushes — and accompanied by eerie sounds designed by TJ Ramos. The most prominent among Imao’s works is his large installation in the shape of the panolong, a decorative detail of the traditional house of the Meranaw people, and the sarimanok, a popular design motif of several Moro ethnic groups, frequently used by his father in his works. [caption id="attachment_191677" align="aligncenter" width="525"] Nuno sa punso.[/caption] “Tanod-Lupa” is a work in progress, and more installations are being planned to be added to the collection. “With themes like climate change and cultural promotion, it’s perfect for us to bring these creatures from folklore and mythologies to the forefront. We are not the only inhabitants of our environment. We share it with other beings and creatures. Our ancestors remind us that we take good care of our environment lest these ‘tanod-lupa’ come out to remind us of our shortcomings,” Imao said. The post ‘Sinag’ and ‘Lupa’: Light that guides and land that nourishes appeared first on Daily Tribune......»»
Biggest franchise expo rides on growth
Franchising is expected to earn an unprecedented P30 billion by the end of the year, based on industry projections. During the Franchise Asia Philippines 2023 International Expo briefing on Monday, Philippine Franchise Association chairperson Sherill Quintana said that franchising revenues has reached P27 billion in the year to date, already surpassing the pre-pandemic 2019 revenues of P25 billion. With the growing local market, Quintana said global franchise brands should consider the Philippines as their “launching pad” in Asia. “The future is Asia, and the Philippines will be the launch pad for what the Asian economy will be able to seize for the global market,” Quintana said in a press conference in Quezon City. In the next five years, she said her group is expecting to reap 10 to 13 percent revenues for the industry over the next five years. PFA president Chris Lim said the exposition will be the biggest franchise show that the country hosted in the past 10 years. Franchise Asia Philippines 2023 International Franchise Expo will run from 27 to 29 October and the meetings of the World Franchise Council and the Asia Pacific Franchise Confederation from 24 to 30 October 2023. “More than a decade ago was the last time that a similar event was held in the Philippines, so it is really a very momentous occasion. And what a great way to really celebrate and to really show that we’re back in business, that the franchise industry in the Philippines is as vibrant as ever,” Lim added. SMX Convention Center taken up Franchise Asia Philippines 2023 overall co-chair Richard Sanz said this will be the first time for a franchise event to occupy the entire SMX Convention Center in Pasay City to showcase 1,000 local and global franchise brands from 26 countries. Further, he said 39 percent of the expo participants are new exhibitors with new concepts such as breastfeeding center, agriculture supplies, automated retail and convenience store, vape store and kickboxing gym. “This speaks of the vibrancy of the franchise sector with new players joining the market,” he said. Sanz mentioned that also 20 percent of the participants are international brands from Australia, China, Japan, Korea, Malaysia, Sinapore, Taiwan, Thailand and the United States. More than 50,000 exhibitors are expected to attend the expo. “This highlights the continued interest among Filipinos in franchising as an investment option,” Sanz said. The post Biggest franchise expo rides on growth appeared first on Daily Tribune......»»
Regional economies slowing down — WB
The World Bank expects East Asia and Pacific economies, excluding China, to grow by 4.6 percent this year as the Philippines catches up with digitalization. The WB prediction is slower than the previous 4.9 percent estimate announced by the multinational financial institution in April. If China is included, economic growth in the region is projected to settle at five percent, the World Bank’s report from Washington said last Sunday. “This is higher than average growth projected for all other emerging market and developing economies but lower than previously projected,” the World Bank said. “The East Asia and Pacific region remains one of the fastest growing and most dynamic regions in the world, even if growth is moderating,” World Bank East Asia and Pacific vice president Manuela Ferro said. The multinational financial institution said the region might continue to face challenges in supplies of goods as more typhoons hit the region in the fourth quarter this year and climate change persists. Geopolitical tensions The World Bank added geopolitical tensions aside from the Russia-Ukraine war threatens to further hamper trade. China, the world’s second largest economy, and the US have been exchanging export bans, especially on electronic and technology products. Meanwhile, the Philippines and other Southeast Asian states are protesting against China’s aggression in the West Philippine Sea. For these reasons, the World Bank said prices of goods and services might rise, forcing central banks in the region’s developing countries to raise interest rates to prevent inflation from accelerating further. However, this means consumers might cut back spending on certain goods and services, while businesses slow operations. Borrowing costs to remain high “Therefore, borrowing costs will likely remain high, constraining room for spending and raising the risk of debt distress in some countries. Furthermore, high indebtedness, combined with rising costs of servicing debt, will weigh on private investments,” the World Bank said. For its 2024 forecast, the bank is more optimistic that the region’s economy excluding China’s will expand from 4.6 percent to 4.7 percent. “Growth in the rest of the region is expected to edge up, as recovery in global growth and easing of financial conditions offsets the impact of slowing growth in China and trade policy measures in other countries,” the World Bank said. Philippine economic growth is seen to improve to 5.9 percent next year from a 5.6 percent forecast for this year. Meanwhile, China’s economy could shrink by 4.4 percent next year from a 4.8 percent estimate for 2023 due to persisting elevated debt, tamer demand for real estate, and aging population. Sustaining high growth to require reforms “Over the medium term, sustaining high growth will require reforms to maintain industrial competitiveness, diversify trading partners, and unleash the productivity-enhancing and job-creating potential of the services sector,” Ferro said. The World Bank reported digitalization and other reforms in government services in the Philippines increased productivity of firms by 1.5 percent from 2010 to 2019. Digital technologies, for example, can spread education and health services in the provinces to ensure a bigger pool of high-skilled and energetic workers. The post Regional economies slowing down — WB appeared first on Daily Tribune......»»
Indonesia launches Southeast Asia’s first high-speed rail
Indonesia launched Southeast Asia's first high-speed railway on Monday, a delayed, multibillion-dollar project backed by China that President Joko Widodo hailed as "a symbol of our modernization". With a top speed of 350 kilometers (220 miles) per hour, the bullet train "Whoosh" can get between the capital Jakarta and Bandung in 45 minutes. The 140 km journey would previously have taken about three hours by train. "The Jakarta-Bandung high-speed train marks our efficient, friendly, and integrated mass transportation system," Widodo said during a ceremony at the capital's central station. "It is a symbol of our modernization in the public transport, seamlessly connecting with other modes of transportation." Widodo said the 600-capacity train was the first high-speed rail transportation in Southeast Asia. It is part of Beijing's Belt and Road initiative -- a decade-old program of China-backed infrastructure projects. The president said the name was actually an acronym, standing for a tagline of "Waktu Hemat, Operasi Optimal, Sistem Handal" -- which in Bahasa Indonesia means "Saving time, optimal operation, reliable system". It was built by PT KCIC, which is made up of four Indonesian state companies and Beijing's China Railway International Co. The project was initially set to cost less than $5 billion and be completed by 2019. However, delays caused by construction challenges and the Covid-19 pandemic led to a surge in costs. In preparation for its opening, officials have conducted public trials for the new high-speed route. Last week, Transportation Minister Budi Karya Sumadi confirmed that the government would extend the high-speed train route from Bandung to the country's second-biggest city Surabaya. Last month, Chinese Premier Li Qiang joined Senior Minister Luhut Pandjaitan on a ride aboard the train during his Jakarta visit for summits with Southeast Asian leaders. Pandjaitan told reporters on Thursday that Widodo plans to welcome Chinese President Xi Jinping in the future to ride the train, but did not give more specifics. agn/ebe/sn/leg © Agence France-Presse The post Indonesia launches Southeast Asia’s first high-speed rail appeared first on Daily Tribune......»»
Int’l acclaim illuminates Meralco’s sustainability agenda
The Manila Electric Company continues to shine a spotlight on its unwavering commitment to sustainability with the recent accolade awarded to First Vice President and Chief Sustainability Officer Raymond B. Ravelo, who was named the "Sustainability Thought Leader of the Year for the Asia Pacific Region." The recognition was conferred during the Sustainable Company Awards 2023 by Environmental Finance. Ravelo was commended for his exceptional leadership in spearheading Meralco's sustainability agenda called "Powering the Good Life", which is marked by a distinctive focus on four pillars: Power, People, Planet, and Prosperity. Ravelo's achievement was the result of a rigorous selection process overseen by a distinguished panel of over 30 independent industry experts. The Sustainable Company Awards celebrates organizations and individuals who are at the forefront of reshaping corporate practices to ensure a sustainable future. “This recognition brings great pride to us in Meralco as it reflects our earnest commitment to sustainability. As we move towards building a sustainable energy future, we will continue placing sustainability at the core of our strategy and operations as a Company to bring forth a brighter future for all,” Ravelo said. Meralco, a recognized leader in the Philippine energy sector, has deeply rooted its sustainability agenda in the United Nations Sustainable Development Goals, with emphasis on clean energy, responsible consumption and production, and climate action. At the center of Meralco's sustainability thrust is its commitment to a just, orderly, and affordable transition to clean energy. This commitment involves securing at least 1,500 MW of its power supply from Earth-friendly sources and actively developing 1,500 MW in renewable energy power generation projects. Additionally, Meralco has been at the forefront of adopting alternative and sustainable transportation solutions, with the deployment of 156 electric vehicles to date, constituting 7 percent of the company’s fleet and surpassing the government's 5 percent vehicle electrification rate mandate. To advance gender diversity and inclusion in the workplace, Meralco has launched its D&I program “#Mbrace”, which significantly increased female representation in its workforce to 23%, over and above the global energy sector's average of 13 percent. Moreover, Meralco recently achieved its highest-ever environmental, social, and governance (ESG) ratings from global companies. Notably, MSCI Inc. upgraded Meralco's ESG rating to BBB in 2022 and maintained it in 2023, a remarkable progression from its BB rating from 2019 to 2021. MSCI evaluates over 8,500 companies worldwide based on general and industry-specific sustainability criteria. Likewise, Meralco attained a record high on its FTSE Russell ESG Rating, with a score of 3.2 in 2023. Meralco thus ranked higher than both the Philippine global energy sector ESG rating averages, with strong performance in risk management, labor standards, corporate governance, and anti-corruption practices. Furthermore, Meralco is now the first and only electric utility in the Philippines to be included in the Bloomberg Gender Equality Index, the only ESG assessment in the world focused on gender equality in the workplace. Meralco was recognized for distinctive performance in anti-sexual harassment policies, gender pay parity, and building an inclusive culture. “We are resolute in our commitment to powering the good life. Guided by the UN SDGs, we, in Meralco, will continue energizing cities and communities while preserving our planet, empowering our people, and creating prosperity for all,” Ravelo affirmed. The post Int’l acclaim illuminates Meralco’s sustainability agenda appeared first on Daily Tribune......»»
Scientists uncover a scaly surprise with new pangolin species
The small, scaly, and highly endangered pangolin has been keeping a secret: it comprises not eight species but nine, with a new one discovered through analysis of confiscated scales. Scientists previously believed there were four Asian and four African varieties of the shy, nocturnal creature, which is often described as the world's most trafficked mammal. However, even as the species was discovered, there are signs it may be disappearing, according to research published Tuesday in the journal Proceedings of the National Academy of Sciences. Pangolin scales are coveted for use in traditional medicine, despite being made of keratin, just like fingernails, and the diminutive creature is also hunted for its meat. More than a million are believed to have been poached from the wild in the decade to 2014, according to conservationists, and all international trade has been banned since 2016. Despite its elusive nature, there have been suggestions before that the pangolin family might be bigger than believed. Analysis of 27 scales confiscated in Hong Kong in 2012 and 2013 suggested a lineage unrelated to the eight known species. But only limited gene fragments were available, and no definitive conclusion could be reached. Picking up that trail, researchers analyzed scales from two confiscations in China's Yunnan province in 2015 and 2019 and compared them against whole genome data from all previously known species. They found a lineage "distinct from all eight currently known pangolin species", with signs it belonged to the Asian or "Manis" branch of the pangolin family. They assigned the new species the tentative name "Manis mysteria" in a nod to its enigmatic nature and found it likely diverged from the Philippine and Malayan pangolin species about five million years ago. The newly described animal's existence only came to light through samples seized from traffickers, and the research suggests the new species is already under pressure. Analysis "showed genomic signatures of a declining population, including the relatively low genetic diversity when compared to other pangolins... (and) high levels of inbreeding and genetic load". Just where Manis mysteria roams remains... something of a mystery. Asian pangolins arriving in Hong Kong and Yunnan are believed to mostly originate in Southeast Asia. But because the new species does not look very different from its Asian cousins, it may well have been overlooked in the wild. It could also have escaped notice because it lives in an understudied region, or simply because pangolins tend to be hard to find. Regardless, the findings suggest the "urgent need" for more research, as well as "effective strategies for this mysterious species", the study said. The post Scientists uncover a scaly surprise with new pangolin species appeared first on Daily Tribune......»»
NAIA rises in rankings of world’s most internationally connected airports
The Ninoy Aquino International Airport (NAIA) has established itself as one of the most internationally connected airports in the world. Known by its International Air Transport Association (IATA) code, MNL, it ranked 15th in the top 50 global airport mega hubs and secured the third spot in the top 25 low-cost carrier airport mega hubs. According to the 2023 Megahubs Index by OAG, a leading provider of digital flight information, intelligence, and analytics for airports, MNL has climbed from 29th place in 2019 to 15th place this year in terms of international connectivity. The flag carrier, Philippine Airlines, emerged as the dominant air carrier with a 32% share of flights. In this list, led by the United Kingdom's London Heathrow Airport, MNL also ranks 6th among the top international mega hubs in the Asia Pacific region, following KUL (Malaysia), HND (Japan), ICN (Republic of Korea), BKK (Thailand), and SIN (Singapore). OAG noted, “The presence of seven Asian airport hubs in the Global Top 20 is significant considering the region is still on the path towards a full recovery.” Currently, MNL hosts 40 international carriers serving 58 international destinations. The latest addition to NAIA’s roster in 2023 is ZIPAIR, which launched its first flight between Manila and Narita last July. Additionally, Philippine Airlines has introduced nonstop flights to Perth, and Air China now directly connects Tianfu Chengdu to NAIA. Among the top 25 mega hubs for low-cost international connections this year, MNL stands out in third place, trailing only KUL (Malaysia) and ICN (Republic of Korea). MNL is the home of Cebu Pacific Air, the Philippines’ leading low-cost carrier (LCC), which will be launching flights to Da Nang, a new destination from Manila, beginning December 7th. Thirteen Asia Pacific airports, including MNL, dominate the rankings, reflecting the high level of LCC penetration in South Asia and Southeast Asia. “We are pleased that MNL is able to ride the momentum brought about by the strong and consistent travel rebound from the COVID-19 pandemic, as well as the LCC penetration in our region. We are likewise grateful for the confidence the international carriers have extended to us. Testament to this is the growing number of applications from various international carriers who wish to operate flights in NAIA,” Manila International Airport Authority (MIAA) Officer-in-Charge Bryan Co said. “NAIA being the country’s main gateway makes it incumbent upon us, as the airport authority, to expand the destinations Filipinos, as well as our guests, can fly to and from MNL,” added Co. HK Express is set to launch its inaugural flight between Manila and Hong Kong on 13 October, while United Airlines is scheduled to launch nonstop flights connecting Manila with San Francisco starting 30 October. The post NAIA rises in rankings of world’s most internationally connected airports appeared first on Daily Tribune......»»
IPOPHL launches site-blocking mechanism vs piracy
The Intellectual Property of the Philippines has announced the release of rules on site blocking, the measure that disrupts access to pirated sites, seen to delist the Philippines from being third in East and Southeast Asia in having the highest piracy rate. The release of Memorandum Circular 23-025 or the Rules on Voluntary Administrative Site Blocking, signed by IPOPHL director general Atty. Rommel Barba, signals the celebration of the Philippine Creative Industries Month this September. Barba said Memorandum Circular 23-025 was signed last 20 September 2023, effective two months from publication Result of years-long work “The rules are a result of years-long work with the National Telecommunications Commission and several internet service providers who refuse to sit down and watch while our creative industry suffers. With the site blocking mechanism soon up and running, IPOPHL, as an ex-officio member of the Philippine Creative Industries Development Council, is ecstatic to say the Philippines now has an essential tool to protect the creativity that drives our economy and defines our cultural landscape,” Barba said. With site blocking to be soon in place, Barba hopes to replicate the success of Indonesia where more than 50 percent of consumers have stopped or now rarely access pirate services because of its government’s blocking measures which started in 2019. “We encourage rights holders to optimize this tool and protect the value of your creative assets,” Barba said. Under the rules, the process is initiated once a rights holder or a duly authorized representative files a written request with the IP Rights Enforcement Office or IEO followed by the payment of filing fees. The application will immediately be evaluated by an officer from the IEO who is given ten working days to submit an Evaluation Report. The report carries a recommendation on the issuance or non-issuance of a site-blocking order and is elevated to the Supervising Director or Deputy Director General for approval within five working days. Collaboration vs piracy To effectively implement the rules, IPOPHL signed on Wednesday partnership agreements with the NTC and ISPs, namely Globe Telecom Inc., Smart Communications Inc., PLDT Inc., Sky Cable Corp. and DITO Telecommunity Corp. Under the Memorandum of Understanding, ISPs commit to willingly block sites directly upon IPOPHL’s request issued after a determination of violation, thereby streamlining the current process which requires the involvement of the NTC, the agency being the primary regulator of ISPs. Meanwhile, the memorandum of agreement with the NTC widens IPOPHL’s oversight to over 300 ISPs who are not part of IPOPHL’s site blocking MOU with ISPs, obligating them to disable access to piracy sites. Also at the event were the Motion Picture Association, Asia Video Industry Association and the GMA Network Inc. as observers and partners. IPOPHL launched the new rules at a time when site blocking is gaining traction around the world as an effective anti-piracy tool. That same year, AVIA’s Coalition Against Piracy released a YouGov survey showing that 49 percent of Filipinos admit to using streaming piracy websites or torrent sites, placing the Philippines third among East and Southeast Asian countries in terms of visiting piracy streaming sites. The post IPOPHL launches site-blocking mechanism vs piracy appeared first on Daily Tribune......»»