New Napocor chief to bring technical know-how in RE
Department of Energy Undersecretary Donato Marcos, the newly installed head of the National Power Corp. (Napocor), eyes to bring in technical know-how in renewables and nuclear to build impactful projects in off-grid areas......»»
Three times the funin Eastwood City township
The country’s friendliest global indoor multi-activity park from Finland opens in Megaworld’s 18.5-hectare Eastwood City township in Quezon City. The new SuperPark Philippines brings a plethora of fun from three themed zones and wows visitors with 21 high-energy activities that people of all ages will enjoy. Megaworld Corporation, through its subsidiary MegaPark Philippines, Inc., has collaborated with SuperPark for the exclusive license of two global multi-activity establishments in Metro Manila. “We are thrilled to open the doors of SuperPark Philippines and share the joy and adventure that SuperPark is known for worldwide. Megaworld Lifestyle Malls has been instrumental in bringing this vision to life, representing our commitment to creating a world where everyone can experience the joy of movement and play,” shared Juha Tanskanen, chief executive officer of SuperPark LTD. An unparalleled experience for thrill-seekers, sports enthusiasts and families looking for a day of fun and adventure awaits at the fourth level of Eastwood Mall in Quezon City and soon in McKinley Hills in Taguig City. Known as the world’s friendliest activity park, this dynamic facility will present a diverse range of synergetic world-class activities tailored to individuals of all ages and fitness. “We are excited to introduce a new dimension of entertainment to our valued patrons at Megaworld Lifestyle Malls. SuperPark Philippines is set to be a flagship attraction at Eastwood City, providing a dynamic space for Filipinos to bond, play and create unforgettable memories,” Graham Coates, head of Megaworld Lifestyle Malls shared. Thematic zones The ADVENTURE AREA provides a play haven for kids and their parents, featuring a multi-story playground — with climbing structures and obstacles, a toddler’s ball game and a digital wall. The zone promotes an active playstyle with visitors having the option to go for TapWall, FunBall or Sliding Mountain. Participants will be tested on their reaction speed, memory power and coordination in TapWall. For free-spirited fun, the FREESTYLE HALL awaits, sharing a mission of promoting health, happiness and a vibrant fitness culture. Guests can run around, jump into trampolines complete with a giant airbag, immerse themselves in mixed-reality games and scale digital climbing walls. The professional-grade trampoline airbag is safer and more hygienic than the usual foam pit. Try the Valo Jump, which comes complete with digital sensors and allows guests to bounce with plenty of missions and never-ending fun. Enjoy the Bagjump and Augmented wall climbing for some Augmented Reality fun. Patrons can engage in sports-themed activities and unique freeform mixed-reality games with digital twist parkour experiences in the GAME ARENA. The themed activities are fully augmented to focus on enhancing motor skills, improving balance and agility, and boosting stamina. The zone with the most number of activities and attractions boasts exciting stations that include: Iwall, Superball, Sub Soccer, Hot Stepper, Street Soccer, Skill Hoop, Table Soccer, Air Hockey, Cyclobeat, Super Dash, Valo Arena and Sissy Fox, Super Pinball and Street Game Court, among others. Since 2012, it has captivated audiences from Finland and became globally acclaimed in 2017. With Finnish roots influencing its approach, SuperPark values delivering joy through active play, fostering social interaction, prioritizing inclusivity, blending digital with physical movement, investing in research, embracing their Finnish heritage and believing in the power of joyful play. Creating safe, high-quality venues brimming with fun and activity across Asia and Europe, has made SuperPark a sought-after destination for corporate team-building events, recreational activities and celebrations. It’s not just any global indoor multi-activity park, SuperPark strives to bring endless smiles, laughter and “all-you-can-play” activities to all birthday heroes and their guests. A minimum of 15 people are needed for such bookings with the friendliest indoor park. SuperPark is one with the world to celebrate the most exciting season of the year — Christmas! SuperPark is ready to provide a perfect venue for super Christmas parties, super valuable bonding and get-together experiences. The park is uniquely facilitated for a SuperTeam Building. The activities also come with a SuperSquad Challenge where teams can decide the sequence of the tasks they wish to complete. Guests can book tickets and prepare for all-out fun via the SuperPark website or pay over the counter upon arrival at the park’s reception area. Tickets come in affordable packages with Junior Tickets available for P200 all days of the week. Adults who wish to partake in the fun activities have a weekday rate of P650 from Monday to Thursday, and a “Superday” rate of P750 from Friday to Sunday. Special grip socks that are needed inside the venue are sold at P75 per pair. The friendliest indoor activity park is also open daily during mall hours. Customers can also follow SuperPark on Facebook or Instagram for more information and to avail of special promos. The post Three times the funin Eastwood City township appeared first on Daily Tribune......»»
LTO innovates responses to backlogs
The Land Transportation Office, or LTO, now under the leadership of Atty. Vigor Mendoza II, has committed to implementing innovative solutions to immediately address the piles of problems “inherited” from the previous leaderships. Mendoza, whom Transportation Secretary Jaime J. Bautista tasked to help the agency improve its current state, expressed confidence that he could turn the LTO around and make it more efficient and effective. He said this aligns with the Marcos administration’s marching orders to digitalize and bring government services closer to the people seamlessly. Mendoza has already begun to execute some changes, such as streamlining the driver’s license application process, implementing a new online vehicle registration system, and reducing the number of fixers at LTO offices, among others. Speaking in a recent interview on DAILY TRIBUNE’s Straight Talk, Mendoza disclosed that his agency is studying cost-effective ways to produce license plates. Presently, the LTO has a manufacturing plant with eight machines working to produce license plates, but as recently directed by Bautista, the agency is looking at outsourcing them instead of producing them. “We make the plates ourselves, although we are studying if maybe it is high time to review whether the LTO should produce or outsource the plates. I told Secretary Bautista that in terms of efficiency, it might be less costly and faster if we outsource it,” Mendoza said. “We are thoroughly studying those options to weigh which will be less costly to the government. Thus, finally, we could resolve all the backlogs,” he added. Million plates a month Mendoza added that the agency’s plate-making plant could produce a million monthly plates to replace all the backlogs — from the old green plates to the new white ones. He said before the end of November, the license plate backlog will hopefully be fully addressed. With production in full swing, a motorist with a newly acquired four-wheel vehicle can claim his license plates within 10 days. In the meantime, new motorcycle owners can now get their plates immediately. This significantly improved from the previous year when motorists took years to get their plates. To recall, in March, ex-LTO chief Jay Art Tugade issued a memo suspending the production of license plates due to a shortage of materials. Online portal needs full utilization Mendoza said the LTO is also working on finally utilizing the Land Transportation Management System, or LTMS, a P3.14-billion portal created to address Filipinos’ motoring concerns. He lamented that the underutilization of the online portal, which he described as just one of the many inherited problems of the agency, was a misuse of government funds. “The system design is incomplete, and you know that as much as possible, we want to be fully digital as instructed by the President. We want motorists to be able to apply for a license and register their vehicles through that platform,” Mendoza said. “We supposedly have all the facilities. There will be no need to go to LTO offices as it will also address the issues of fixers. However, we cannot do all these until we fully resolve the website’s functionalities,” he said, adding that the LTO would need the developers to provide them with some missing source and application codes. The LTMS was jointly developed by German technology firm Dermalog and its local partners, Holy Family Printing Corp., Microgenesis, and Verzontal Builders Inc. The project went through competitive bidding in May 2018. The LTO’s online portal is a one-stop shop that will integrate all LTO services in a single contactless database system and digital platform. “We are waiting for their reply. I have been open since my first day in office, and I’ve been very open to them. There is a problem, let us talk about it. However, they have not replied to my letters on the source code and application code issue. We have to protect the government’s interest, and the government’s interest is to get the source and application codes so we can do the enhancements ourselves,” Mendoza said. According to the new LTO chief, hiring another third-party team to resolve the LTMS issues might cost the government at least another billion pesos. Mendoza asked why the government does not just find another software developer, saying: “We already paid for the contract.” “If we do it, maybe they will spend another billion just to complete everything, so the government will save a lot if we do it ourselves. We have DICT with us, and LTO is also hiring technical people for us to be able to do it ourselves. So, we can do it, we don’t need foreigners to teach us.” The post LTO innovates responses to backlogs appeared first on Daily Tribune......»»
Economists: 25-bps rate hike likely if inflation rises anew
Economists believe the Bangko Sentral ng Pilipinas might further raise its policy rate by 25 basis points to 6.75 percent next month if food supply issues and high global oil prices persist. Dan Roces, chief economist of Security Bank, said the BSP might make this decision at its meeting on 16 November to help temper inflation faster. “The higher policy interest rate is driven by mounting local inflation risks, attributed to supply chain disruptions and increasing global commodity prices, including the threat of crude price spikes brought about by tensions in the Middle East,” he told the Daily Tribune in a Viber message. Last Thursday, the central bank hiked its rate by 25 bps to 6.25 percent on an off-cycle period to arrest further inflation uptrend due to the aforementioned factors. Risks might linger Jun Neri, chief economist of Bank of the Philippine Islands, said these inflationary risks might linger until the government finds solutions to increase supply of rice, the main driver of re-accelerated inflation at 6.1 percent last month. While Neri said managing food supply is not the BSP’s responsibility, he agreed with the central bank that rate hikes can help slow inflation by restraining consumer spending. “The rate hike is a statement from the BSP that it is determined to bring inflation back to its target. Inflation expectations may shoot up further if the market doesn’t see any action from the BSP,” the economist said. Exacerbated by Israel-Hamas war “The risk of El Niño, as well as higher global crude oil prices recently among 11-month highs led to higher local fuel pump prices especially since July 2023. This could be exacerbated by the Israel-Hamas war that is still uncertain” Michael Ricafort, chief economist of Rizal Commercial Banking Corp., added. The post Economists: 25-bps rate hike likely if inflation rises anew appeared first on Daily Tribune......»»
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......»»
Tech titan Amazon sees profit climb as cloud promises boon
Online retail colossus Amazon on Thursday said profit surged in the recently ended quarter on growing sales and more efficient deliveries, with its cloud business promising even better days ahead. The e-commerce colossus said it made a profit of $9.9 billion on sales that tallied $143.1 billion in the recently ended quarter, with more than half its operating income made from Amazon Web Services (AWS) cloud unit. Google parent Alphabet and computing colossus Microsoft this week reported rising quarterly profits, playing up demand for cloud computing enhanced with artificial intelligence. Investors, though, had hoped for better performance from Google Cloud causing the company's shares to slip. While Amazon Web Services (AWS) grew 12 percent when compared to the same quarter a year earlier, the unit's growth lagged that of rival cloud businesses operated by Microsoft and Google. "I remain very optimistic about AWS," Amazon chief executive Andy Jassy said on an earnings call. "There's a lot more there for us; then you look at the very substantial, gigantic new generative AI opportunity, which I believe will be tens of billions of dollars in revenue for AWS over the next several years." Amazon just weeks ago said it would invest up to $4 billion in AI firm Anthropic. The success of OpenAI's ChatGPT, a chatbot released last year that can generate poems, essays, and other works with just a short prompt, has led to billions being invested in the field. Anthropic agreed to use Amazon's chips to develop its next models and to use AWS for "mission-critical workloads." Amazon has already announced it aimed to soup up its Alexa voice assistant with generative AI, which the firm said would allow users to have smoother conversations. Retail rebound Amazon earnings "soared past expectations" in the quarter, according to Insider Intelligence analyst Zak Stambor. "We had a strong third quarter as our cost to serve and speed of delivery in our stores business took another step forward," Jassy said, adding its ad business grew "robustly" and AWS cloud computing business "continued to stabilize." "The retail giant's slowdown last year appears to be in the rearview mirror as it has embarked on significant cost-cutting throughout this year and sharpened its focus on key growth areas, such as its high-margin online marketplace and advertising," Stambor said. A top US antitrust regulator sued Amazon in September, accusing the online retail behemoth of running an illegal monopoly by strong-arming sellers and stifling potential rivals. "Our complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies," said Federal Trade Commission Chair Lina Khan. Robots and drones Amazon said Thursday it will hire 250,000 full-time, part-time, and seasonal employees in the United States to handle shopping demand in the months ahead. Amazon said last week that it will expand drone delivery of certain purchases to a third US state as well as to Britain and Italy by the end of 2024. The US firm has installed a new robotics system in one of its Texas logistics centers, featuring technology like automated vehicles, mechanical arms, and computer vision technology. Amazon already uses 750,000 robots in its warehouses to speed up deliveries. "The better they get at delivery, the more it continues to grow the e-commerce market overall and Amazon's place within that market," said Insider Intelligence analyst Andrew Lipsman. But increased productivity via robots won't fix underlying Amazon worker issues, critics say. Amazon early this year eliminated some 27,000 jobs in a move it said at the time was necessary, after years of sustained hiring. Ads shine Advertising continues to be "a major bright spot" for Amazon and it has started using generative artificial intelligence to help sellers create "eye-catching" ads in its online marketplace, analyst Stambor said. Insider Intelligence expects Amazon's US advertising business to bring in nearly $34 billion this year a major leap from before the COVID-19 pandemic. The post Tech titan Amazon sees profit climb as cloud promises boon appeared first on Daily Tribune......»»
Siarganons urged to adopt eco-friendly practices to preserve island
President Ferdinand Marcos Jr. urged the people in Siargao to adopt eco-friendly practices to protect and conserve the environment as he expressed his commitment to fortify the island's position as a prime global surfing destination. In a speech delivered by the President's son, William Vincent Marcos, the Chief Executive underscored the significance of this annual event as a catalyst for economic recovery and sustainable development in the region. "Apart from showcasing the exceptional talents and skills of surfers, this Cup aims to fortify the position of Siargao Island as a prime surfing destination on the global map," said Marcos Jr. The International Surfing Cup, a prominent event on the island's calendar, not only celebrates the sport of surfing but also serves as a platform for fostering cultural exchanges and nurturing respect and solidarity amidst differences. It is an opportunity for locals and tourists to come together and experience the rich culture and values of surfing. "This competition reinforces the indomitable spirit of the people of Siargao," the President noted, acknowledging the resilience of the island's residents in the face of challenges like the Covid-19 pandemic and Super Typhoon Odette, which caused significant damage to the island. He stressed the importance of supporting responsible fishing practices, buying sustainable seafood, and choosing eco-friendly cleaning and personal care products. The President also called on tourists and locals alike to support government initiatives aimed at the development of Siargao. He highlighted programs such as the Training on Homestay Pilipinas, which educates residential owners about accommodating tourists systematically and responsibly. In addition to these efforts, the government is actively pursuing projects to enhance tourism and trade on the island, including the New Siargao Airport Development Project. The Department of Environment and Natural Resources is also working on programs to strengthen Odette-hit towns' adaptive capacities and resilience to climate-related hazards and natural disasters. President Marcos Jr. concluded his speech by expressing his optimism for the continued growth and prosperity of the International Surfing Cup and Siargao's legacy in the global surfing community. He reiterated the government's staunch commitment to supporting the island's efforts for economic recovery and sustainable development. "Let us, therefore, unite as one to bring forth a greener, more secure, and more progressive Philippines for all," the President declared, inspiring hope and unity among the people of Siargao. The post Siarganons urged to adopt eco-friendly practices to preserve island appeared first on Daily Tribune......»»
Brawner: Phl has right to repair BRP Sierra Madre, China can’t tell us otherwise
The Philippines has the right to repair its commissioned navy warship, BRP Sierra Madre grounded in Ayungin in the West Philippine Sea and China cannot tell no, Armed Forces of the Philippines chief Gen. Romeo Brawner Jr. said Wednesday. In an interview during the Kapihan sa Manila Bay forum, Brawner stressed that the Philippines has the sovereign rights and jurisdiction over the waters around Ayungin shoal and so the repair of BRP Sierra Madre must be fitting. “I really believe that we have the right to repair the ship because that is a Philippine-commissioned Navy ship. Kahit andoon siya sa Ayungin Shoal, karapatan natin na ayusin (Even if it was stuck in Ayungin Shoal, it’s our right to repair that),” he said. Brawner lamented that the Philippines did not even bother China when it had gone as far as installing a missile system and even building artificial islands in the WPS. “So, for me, China has no right to tell us not to repair that while they themselves have created these artificial islands,” he said. Brawner criticized China’s audacity to block the Philippines’ legitimate actions in its territorial waters in WPS. “Hindi naman tayo nakialam. Hindi naman natin sinabi, 'Don't do that.' Hindi naman natin sinabi, 'Don't bring missile systems into these artificial islands.' Sila ngayon kinalampag. Napakalaking imbalance (We did not interfere. We didn’t say ‘don’t do that’. We didn’t tell them ‘don't bring missile systems into these artificial islands’. Now they’re being shaken. A huge imbalance),” he said. The AFP chief believes that China is persistent in harassing and blocking the country’s rotation and resupply mission in the BRP Sierra Madre because it wants to insist their claims over Ayungin Shoal, which was invalidated by the Arbitral Tribunal ruling of the Hague-based Court on 12 July 2016. China has repeatedly ignored the ruling as it constantly insists that Ren’ai Jiao (Ayungin shoal) is part of China’s Nansha Qundao and is under China’s territory. The National Security Council spokesperson Jonathan Malaya has also noted that China “has no legal authority or basis” to enforce anything in Ayungin Shoal because it is constituted “well within” the Philippines’ 200-nautical mile exclusive economic zone and continental shelf under the United Nations Convention on the Law of the Sea or UNCLOS. The shoal is located 105.77 nautical miles from the nearest Philippine province of Palawan. The post Brawner: Phl has right to repair BRP Sierra Madre, China can’t tell us otherwise appeared first on Daily Tribune......»»
FL, DSWD chief spread ‘LAB 4 All’
First Lady Marie Louise “Liza” Araneta-Marcos was in Pangasinan on 24 October to bring free medical consultations, medicines and other health services to provincial residents as part of her “LAB For All” Project. She was again accompanied by Social Welfare Secretary Rex Gatchalian in the nationwide drive. The LAB for All Project, which stands for “Laboratoryo, Konsulta at Gamot Para sa Lahat,” was initiated by the First Lady in partnership with government agencies, local government units, and private partners to provide health care services to the vulnerable and disadvantaged members of the population. Towards full UHC implementation The initiative is part of the Marcos administration’s efforts toward fully implementing Republic Act 11223, also known as the Universal Health Care Act, which guarantees all Filipinos equitable access to quality and affordable healthcare goods and services. Aside from Gatchalian, joining the First Lady were Technical Education and Skills Development Authority Director General Suharto Mangudadatu, Commission on Higher Education chairperson J. Prospero de Vera III, Public Attorney’s Office chief Persida Acosta, Food and Drug Administration Director General Samuel Zacate, as well as Pangasinan Governor Ramon Guico III, Representative Ramon “Monching” Guico Jr., and Pampanga Vice Governor Lilia “Nanay” Pineda. The post FL, DSWD chief spread ‘LAB 4 All’ appeared first on Daily Tribune......»»
FL, DSWDchief spread‘LAB 4 All’
First Lady Marie Louise “Liza” Araneta-Marcos was in Pangasinan on 24 October to bring free medical consultations, medicines and other health services to provincial residents as part of her “LAB For All” Project. She was again accompanied by Social Welfare Secretary Rex Gatchalian in the nationwide drive. The LAB for All Project, which stands for “Laboratoryo, Konsulta at Gamot Para sa Lahat,” was initiated by the First Lady in partnership with government agencies, local government units, and private partners to provide health care services to the vulnerable and disadvantaged members of the population. Towards full UHC implementation The initiative is part of the Marcos administration’s efforts toward fully implementing Republic Act 11223, also known as the Universal Health Care Act, which guarantees all Filipinos equitable access to quality and affordable healthcare goods and services. Aside from Gatchalian, joining the First Lady were Technical Education and Skills Development Authority Director General Suharto Mangudadatu, Commission on Higher Education chairperson J. Prospero de Vera III, Public Attorney’s Office chief Persida Acosta, Food and Drug Administration Director General Samuel Zacate, as well as Pangasinan Governor Ramon Guico III, Representative Ramon “Monching” Guico Jr., and Pampanga Vice Governor Lilia “Nanay” Pineda. The post FL, DSWDchief spread‘LAB 4 All’ appeared first on Daily Tribune......»»
BI inaugurates its new office in Cabanatuan City
The Bureau of Immigration inaugurated its new field offices in Cabanatuan City on Tuesday, October 24. BI Commissioner Norman Tansingco said that the opening of the new office is part of their ongoing efforts to make immigration services more easily accessible. This new BI field office is located on the 2nd floor of Robinsons Townville Cabanatuan, along Maharlika Highway, in Cabanatuan City, Nueva Ecija. The BI chief added that it was relocated from its previous location in Palayan City, Nueva Ecija. Tansingco also said that the strategic relocation aims to improve accessibility and convenience for the local community. Their field office will cater to immigration needs in the area. Within the year, the Bureau will set up new offices. He added that the move is in line with his administration’s drive to open up BI offices in malls for the convenience of the public. They are committed to offering everyone affordable and effective immigration services, and by opening this new office in Cabanatuan City, they hope to bring their offerings closer to the community and make it simpler for locals to get the help they require......»»
BFP snubs Belmonte’s fire marshal pick
The controversy continues on the ranks of the Bureau of Fire Protection as reports that the leadership of the BFP is snubbing the order of Quezon City Mayor Joy Belmonte of appointing a fire marshal in the Quezon City Fire Department. This comes as Daily Tribune discovered that most of fire safety inspectors and firefighters at the QCFD are saying that there exist the alleged “bata-bata” system and a “quota system” in the agency. Just recently, the QCFD held a turnover ceremony at the BFP National Capital Region office where Sr. Supt. Florian Guerrero was named as the next District Fire Marshal of Quezon City, replacing Sr. Supt. Aristotle Bañaga. Bañaga, was relieved because of unfortunate fire incident a couple of months ago where a fire gutted a residential house converted into a warehouse located at Barangay Tandang Sora which resulted to 15 deaths — which included retired General George Ancheta. Ancheta was an uncle of Quezon City Council Majority Leader Dorothy Delarmente, who is also the chairperson of the Committee on Laws, Rules and Internal Government. During the council’s investigation, it was discovered that there were indeed lapses committed by QCFD for their failure to conduct the required yearly inspection based on the provision of the Fire Code of the Philippines and its Revised IRR. Though records showed that there were inspections undertaken in the year 2021, it failed to notice an unauthorized business activities at the address where the blaze killed 15 people. Because no inspection was conducted in 2022 and 2023. The incident prompted Belmonte to recommend to Department of the Interior and Local Government Secretary Benjamin Abalos Jr. — who has jurisdiction over BFP — the relief of Bañaga and his Fire Safety Enforcement Section head Chief Inspector Dominic Salvacion. Abalos then ordered another thorough investigation and let BFP chief director Louie Puracan handle the situation. Puracan instructed Bañaga to take a leave and passed the judgement to BFP-NCR chief Region head Chief Supt. Nahum Tarroza who immediately issue an order dated 18 September 2023, appointing Bañaga’s deputy, Supt. Gilbert Arellano as “caretaker” of the Office of the Quezon City Fire Marshal. However, Tarroza has also appointed Supt. Rowena Gollod, an “under rank” official, who was in “floating status” for being assigned at the Personnel Holding and Accounting Unit as the Deputy Fire Marshal, replacing Arellano. BFP sources disclosed that Tarroza is allegedly trying to prevent the city government from appointing its own choice for fire marshal because the BFP leadership allegedly benefits from the “bata-bata” and “quota system” in which fire marshals are required to “remit” certain amount of money to the BFP for every Fire Safety Inspection Certificate that they issue. This quota system allegedly could bring in as much as P100,000 per month for BFP higher-ups. In Quezon City, the fire marshal should allegedly accumulate and “remit” P300,000 monthly. P100,000 each for BFP national and metropolis office, and for two DILG padrinos who are holding an Undersecretary positions, a former Quezon City official and the other, a retired firefighter, who could influence Abalos on every BFP issue. Appreciating the BFP gesture of relieving Bañaga and Salvacion without any administrative orders, Belmonte wrote Puracan on 2 October 2023, expressing her thanks to the BFP and recommended that she preferred to have Sr. Supt. Dennis Molo — a former QCFD Deputy — as the Chief of the QCFD and Arellano as his deputy. “As a seasoned Fire Officer, F/SSupt. Molo has generously shared extensive knowledge, experience and expertise with the City Goverment. His contributions in the crafting of public safety policies, formulating and recommending fire safety plans, executing on-the- ground operations and proposing engagement with potential national and international partners-stakeholders have been highly appreciated. For his part, F/Supt. Arellano, as lawyer, has been instrumental in his knowledge of the Fire Code, DILG directives and other relevant laws.” Belmonte wrote in her recommendation letter to Puracan. Puracan then responded to Belmonte by rationalizing his decision in designating Guerrero and brushed aside the Mayor’s recommendation to assign Molo as QCFD Marshal by saying the latter should process first his transfer to the BFP-NCR, as Molo was already assigned at BFP-Region 4A office. The post BFP snubs Belmonte’s fire marshal pick 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......»»
Global stocks weak as ME fears persist
Global stock markets slid Friday on worries that an expected ground invasion of Gaza by Israel would spark a wider conflict in the Middle East. Wall Street stocks declined Friday, as investors looked to lower their risk going into the weekend. The Dow Jones Industrial Average lost 0.9 percent, while the S&P and Nasdaq indexes fell over one percent. The yield on the 10-year US Treasury, which briefly rose this week to levels not seen since 2007 amid concerns the Fed is entering a long period of high-interest rates, slipped slightly. Regina Capital Development Corp. managing director Luis Limlingan added the Federal Reserve has been raising its benchmark lending rate to cool demand and bring down stubborn inflation, with some success. Nevertheless, rates remain stuck above their long-term target of two percent. Local shares ended the week in the red as investors turned more cautious following Fitch Group’s statement that inflation will likely stay elevated for an extended period, Limlingan added. Additionally, the recent statement by Fed Chairperson Jerome Powell “weighed on the local and global markets,” the RCDC executive said. He quoted Powell as saying inflation remains too high and lower economic growth will likely be needed to bring it down. Powell also said he doesn’t think rates are too high now. At the same time, markets are warily eyeing ongoing conflict in the Middle East, for signs it could spread to other countries. “Going into the weekend there is a downward trend as short-term investors try to square positions,” Jack Ablin, Cresset Capital’s chief investment officer, said. “There is an unwillingness from certain investors (to) hold risk positions over the weekend,” he added. Major stock markets in Europe closed down more than one percent, while those in Asia also saw declines. Double geopolitical whammy The US Federal Reserve warned that the recent attack on Israel and the ongoing Ukraine conflict could cause harm to the world economy and boost global inflation. Hamas carried out a deadly attack on Israel from the Gaza Strip on 7 October and killed at least 1,400 people, mostly civilians who were shot, mutilated, or burned to death, according to Israeli officials. “The attack on Israel, in conjunction with Russia’s ongoing war against Ukraine, has ratcheted up geopolitical tensions,” the Fed said in its semi-annual report on financial stability. with AFP The post Global stocks weak as ME fears persist appeared first on Daily Tribune......»»
DoT’s Philippine Experience Program to help LGUs develop, enhance tourist spots
Albay — The Department of Tourism on Monday maintained that the Philippine Experience Program, which brings hundreds of delegates to various tourist attractions in the country, is its way to make local government units, especially those with underdeveloped tourist spots, to be at par with other known local destinations. During her speech in Albay for the third leg of the DoT’s Philippine Experience Program on Sunday night, Tourism Secretary Christina Garcia Frasco said the program is in line with Ferdinand Marcos Jr.'s order to bring countryside development through tourism. “Recognizing how strong as a social economic tool tourism can be given the right tool to succeed in making the countryside grow, PEP gives opportunities to local government units, provinces, cities and municipalities all over the Philippines to be equally developed and promoted,” she said. The program seeks to reintroduce the Philippines to the world, “not only our natural resources, our stunning landscapes, our beautiful coastlines, our majestic mountainscapes, but also, our heart and soul as Filipinos.” Albay Governor Edcel Greco Lagman expressed support for the Philippine Experience Program and its swing through Bicol. “Parading the call to experience Bicol, a tapestry of history, tradition, and arts, this program embodies the essence of what makes a region unique and exceptional. Albay, with its enchanting landscape, rich cultural heritage and untapped potential plays a pivotal role in the national tourism industry,” Lagman said. In a video message, Albay 1st District Representative Edcel Lagman also expressed his confidence that the visit from the DOT chief will “inspire” the tourism industry in Albay. “Thank you for your visit, Secretary Frasco, and we are certain that your visit will be both memorable and productive,” the congressman said. The third leg of the Philippine Experience Program started with the official opening of the Kasanggayahan Festival in the Provincial Capitol of Sorsogon, followed by a visit to the pristine sceneries of Bulusan and Barcelona Ruins in Sorsogon. On Day 2, delegates of the Philippine Experience Program Bicol on Monday revved up for an adrenaline-fueled all-terrain vehicle adventure in Legazpi City, the booming capital of Albay dubbed as the "City of Fun and Adventure," followed by a visit to Daraga Church or the Nuestra Señora dela Porteria, then a visit to the famous Cagsawa Ruins and Sumlang Lake in Camalig. The Philippine Experience Program highlights the Filipino brand and identity in all aspects of the travel and tourism experience, focused on heritage, culture and arts to enhance current tour and domestic circuit offerings with thematic experiences on Food and Gastronomy, Pilgrimage and Wellness, Festivals, Living Cultures and Heritage, and the Arts. It also aims to link key destinations to lesser-known destinations, as well as expand the country’s tourism portfolio, which includes sun and beach offerings, nature-based tourism, diving, food, education, health, MICE and farm tourism. The post DoT’s Philippine Experience Program to help LGUs develop, enhance tourist spots appeared first on Daily Tribune......»»
PEZA chief lures potential Rotarian investors with ecozone perks
Members — particularly those in such business enterprises as manufacturing — of the Rotary Club of Manila, Asia’s oldest and biggest Rotary organization, were personally enticed by Philippine Economic Zone Authority director-general Tereso Panga of the benefits, particularly tax perks if they expand operations in the country or poured in investments in the ecozone. Panga, who served as guest speaker at RC Manila’s 14th General Membership Meeting at the Manila Polo Club, Makati City, on 5 October 2023, relayed to the prospective ecozone investors the various fiscal and non-fiscal Incentives offered by PEZA. He said the investment promotion agency offers income tax holidays or ITH of four to seven years depending on the industry tier and location, once onboard PEZA-run ecozones. For the National Capital Region, locators are entitled to four years of ITH for those that are in Tier 1; five years of ITH for Tier 2, and six years for those belonging to Tier 3. For locators in Metropolitan areas or areas contiguous and adjacent to NCR, a five-year ITH is given to Tier 1; six years for Tier 2, and seven years for Tier 3. “A five percent Special Corporate Income Tax holiday is also provided for 10 years for export-oriented projects, while enhanced deductions for five years are given to locators involved in domestic-oriented project activities,” Panga said. Other notable benefits awaiting interested PEZA locators include Customs duty exemption on importation of capital equipment, raw materials, spare parts, or accessories directly and exclusively used in the registered project/activity for a maximum period of 17 years unless otherwise extended under the Strategic Investment Priority Plan of the Philippine government; domestic sales allowance of up to 30 percent of total sales for export-oriented companies; value-added tax exemption on importation and VAT-zero rating on local purchases of goods and services directly and exclusively used in the registered project or activity for a maximum period of 17 years, unless otherwise extended under the SIPP; and exemption from payment of national and local government taxes and fees for the period of availment of the 5 percent special corporate income tax incentive Also, PEZA locators are entitled to employ foreign nationals; can enjoy long-term land leases of up to 75 years, and are entitled to the PEZA 2-year special non-immigrant visa issued to expatriates and their dependents as well as foreign workers. [caption id="attachment_194752" align="aligncenter" width="525"] Philippine Economic Zone Authority Director General Tereso O. Panga[/caption] PEZA performance Panga earlier reported that the investment promotion agency had reaped an overwhelming 114 percent increase in investments in the second quarter of the year, following the approval of 61 new and expansion projects for the period of April to June 2022. PEZA records showed that total investments are expected to bring in a total of P14.347 billion, 114.93 percent higher than the P6.675 billion approved investments for the second quarter of 2022. Of the 61 approved new and expansion projects, 16 are for the Information Technology industry, 15 for export/manufacturing, 13 for facilities, 13 for ecozone development, and two for IT Facilities and Logistics. Meanwhile, expected jobs to be created by those projects total 11,186, which is 29.06 percent higher compared to the 8,667 projected jobs in the 2nd quarter of 2022. For the January to June period of 2023, a total of 90 new and expansion projects have been approved and are expected to bring in P22.488 billion in investments, $747.093 million in exports, and 14,354 jobs. Japan remains PEZA’s top country investor in the first half with P8.007 billion in investments followed by Singapore with P2.169 billion. Also, Panga said that Japan topped the countries with the highest approved foreign investments at 27.34 percent, followed by Filipino companies at 23.19 percent, and American companies in the third spot at 14.82 percent. “PEZA accounted for 60.5 percent of the total foreign investment commitments in Q2 2023 with P35.75 billion,” he told the Rotary Club of Manila members. From 1995 to 2022, PEZA’s total dividends turned in to the National Treasury was a total of P26,889,567,738.07. Ecozones on the rise To date, Panga said PEZA hosts 422 ecozones and 4,352 locator companies/projects throughout the country. Of said number of ecozones, 299 are dedicated to IT Parks and Centers, 79 to manufacturing firms, 24 to agro-industrial parks, 17 are to tourism and three are to medical tourism ventures. Based on the Philippine Development Plan 2023-2028, President Ferdinand Marcos Jr. has projected that “the creation of ecozones will…maximize investments and promote industrial dispersion, especially outside metropolitan areas. Further, the ecozones will be integrated into the local economy by relaxing the requirements, facilitating the free flow of parts, components, and other inputs, and increasing open trade between zone locators and firms outside the zones.” In the coming years, various ecozones will be sprouting, while the ecozones that have already been officially proclaimed by the Office of the President include Robinsons Cyberpark Bacolod, Lima Technology Center (Expansion), Hermosa Ecozone Industrial Park (Expansion), Philtai Central Luzon Industrial Park, Felcris Centrale IT Park, ECCO 4 Building, Lopue’s Mandalagan IT Center, Marina Town Dumaguete, Naga City Industrial Park and Kamanga Agro-Industrial Economic Zone (Expansion), altogether with investments totaling P3.418 billion. Ecozones pending approval are MetroCas Industrial Estates-Special Economic Zone, Suyo Economic Zone and the expansions of Kamanga Agro-Industrial Economic Zone and Lima Technology Center, with a total investment amount of P773.962 million. As of September 2023, the governing board of PEZA has approved big-ticket investments with a total committed investment of P193.200 billion, and these are the First Pangasinan Property Development Corp., Raedang International Builders and Development Corp., Green Energy with Torrefaction Technology Inc., Dyson Electronics PTE, Ltd. Philippine Branch, Sunpower Philippines Manufacturing Ltd., Isla Import Terminals Inc., MJ Landtrade Development Corp., YCO Cloud Malvar Inc., Savya Land Development Corporation, RLGB Land Corporation, Robinsons Land Corporation, TDK Philippines, P. Imes Corp., Best-one Ever Luck Realty Corp., Knowles Electronics (Phil) Corporation, WIPRO Phils. Inc., Glensworth Development Inc., ACI Inc., Megaworld Corporation and Kyungshin Pampanga Philippines Inc. Currently, Panga said PEZA is focused on seven priority sectors, that is, advanced manufacturing, extractives (green ores processing), agriculture and blue industries, IT services and frontier technologies, eco-industrial park development (renewable energy and alternative energy, clean water and wastewater treatment, circular economy, sustainable development goals, green buildings, smart systems integration), Science, Technology and Innovation and the integration of small and medium enterprises into the ecozone value chain. Cannot be done alone by PEZA Panga, in conclusion during his speech at the Rotary Club of Manila meeting remarked that attracting foreign direct investments cannot be done by PEZA alone or by any other investment promotion agency left to its own devices. He emphasized that what is needed to make things work is a whole government, industry and society approach to lessen the cost and improve ease of doing business in the country. “Through our collaborations and strategic alliances, PEZA, together with the Rotary Club of Manila, other ecozone industries, and stakeholders, will strive for success in attaining our country’s goals and objectives, and continue to push for eco-zoning the Philippines towards inclusive and sustainable development,” Panga said. The post PEZA chief lures potential Rotarian investors with ecozone perks 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......»»
Over 13K delivery riders now have Pag-IBIG
In a span of only three months after Pag-IBIG Fund entered partnerships with the country’s top transport networks to provide better access to its membership, 13,128 delivery drivers and riders have registered as Pag-IBIG members and now enjoy the agency’s benefits. “We are very happy that a growing number of delivery riders are now part of the more than 15.6 million active members of Pag-IBIG Fund. As members of Pag-IBIG Fund, they now have secure savings and shall gain access to our affordable home loans. This is in line with our efforts to provide inclusive housing to all Filipino workers under the Pambansang Pabahay para sa Pilipino Housing or 4PH Program of President Ferdinand R. Marcos, Jr.,” said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees. Earlier this year, Pag-IBIG Fund partnered with transport network and app-based courier companies Angkas, Foodpanda, Grab, Lalamove and Pick-A-Roo. With the partnerships, delivery riders are provided better access to Pag-IBIG Fund membership to allow them to enjoy the agency’s benefits that include its Regular and MP2 Savings, short-term cash loans, affordable home loans and the Pag-IBIG Loyalty Card Plus. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, expects that the number of delivery riders who shall become Pag-IBIG Fund members will continue to rise, especially with the agency’s ongoing Pag-IBIG Asenso Rider Raffle Promo, a special raffle promo for delivery riders. “We remain committed to our mandate of bringing the benefits of Pag-IBIG Fund membership to more Filipino workers. This includes our delivery riders, whose service have become vital in our daily lives. That is why in addition to bringing them better access to Pag-IBIG Fund membership, we are also providing our delivery riders the opportunity to win special prizes to help them with their livelihood with the Pag-IBIG Asenso Rider Raffle Promo. All these are among the many ways how we bring our Lingkod Pag-IBIG Brand of Service -- "Tapat na Serbisyo, Mula sa Puso" -- to our members,” Acosta added. The post Over 13K delivery riders now have Pag-IBIG appeared first on Daily Tribune......»»
Children getting second malaria vaccine
The World Health Organization on Monday recommended a second malaria vaccine for children raising hopes of saving hundreds of thousands of lives by plugging a huge serum supply and demand gap. The new R21/Matrix-M vaccine, developed by Britain’s Oxford University and manufactured by the Serum Institute of India, has already been approved for use in Burkina Faso, Ghana and Nigeria. “Demand for the RTS,S vaccine far exceeds supply, so this second vaccine is a vital additional tool to protect more children faster, and to bring us closer to our vision of a malaria-free future,” WHO chief Tedros Adhanom Ghebreyesus said on Monday. In 2021, the RTS,S vaccine, produced by British pharmaceutical giant GSK, became the first to be recommended by the WHO to prevent malaria in children in areas with moderate to high malaria transmission. “Delivered to scale and rolled out widely, the two vaccines can help bolster malaria prevention and control efforts and save hundreds of thousands of young lives in Africa from this deadly disease,” WHO regional director for Africa, Dr. Matshidiso Moeti, said. Pilot programs to introduce the RTS,S vaccine in three countries — Ghana, Kenya and Malawi — have enabled 1.7 million children to receive at least one dose since 2019. These programs have led to a substantial reduction in severe and fatal forms of malaria, and a drop in child mortality. At least 28 African countries plan to introduce a WHO-recommended malaria vaccine as part of their national immunization programs, the WHO said. Nearly half a million children in the African region die every year from the disease, which is caused by a parasite carried by mosquitoes. WITH AFP The post Children getting second malaria vaccine 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......»»
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......»»