Businessmirror april 28, 2017

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BusinessMirror A broader look at today’s business

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Friday, April 28, 2017 Vol. 12 No. 197

Missing rights for the poorest and most numerous

Lopez to ban open-pit mining for select ores E @jonlmayuga

nvironment Secretary Regina Paz L. Lopez announced on Thursday a new policy banning the open-pit mining method for gold, copper, silver and complex ores, taking advantage of the “limited time” she has in office, as she sees another rejection at the Commission on Appointments (CA).

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NEW REGULATION TO AFFECT 3 MULTIBILLION-DOLLAR PROJECTS

By Jonathan L. Mayuga

2016 ejap journalism awards

Rene E. Ofreneo

laborem exercens

LOPEZ: “Politics is unpredictable. I want to put in place these policies while I am still here.”

Sought for reaction, Chamber of Mines of the Philippines (COMP) Vice President for Legal and Policy Ronald S. Recidoro said the plan to ban the open-pit mining method is “absurd” and, again, “biased” against large-scale mines. Continued on A2

Conclusion

F

rom the foregoing, one can immediately conclude that the IS/IE is not homogenous, occupation-wise. But one area of commonality is that the IS/IE workers and families are people living on the margin. The exceptions are a few; those with special skills who render unique, but unregistered, business services to different homes, such as expert electricians and plumbers, are compensated well. However, the overwhelming majority of the informals—self-employed, unpaid family workers and non-formal wage workers—are poor. The poorest among them end up as “informal settlers”, who build makeshift houses (around 2x2-meter) made of light materials on vacant private and government lands and dangerous spaces, such as river embankments, canals, etc., such as the homeless members of Kadamay, who took over the government’s housing project in Pandi, Bulacan.

Piñol: Duterte OK’d mandatory TIME TO START TALKS inspection of rice warehouses ON ‘E.U. OF THE EAST’ Continued on A10

By Jasper Emmanuel Y. Arcalas @jearcalas

& Elijah Felice E. Rosales

P

@alyasjah

resident Duterte has approved the proposal of the Department of Agriculture (DA) to set up a task force that would conduct mandatory inspection of all rice warehouses in the country, according to the DA chief. Agriculture Secretary Emmanuel F. Piñol said on his Facebook post the green light for the creation of the Task Force Bigas was given by the President in a meeting in Malacañang on Wednesday. “The task force will conduct actual rice-stock inventory in the country and establish accurate

5 MT The current rice inventory of the Philippines, according to Agriculture Secretary Emmanuel F. Piñol, who cited IRRI data

baseline information on the country’s rice supply,” Piñol said. “President Duterte said Task Force Bigas should be led by the DA and supported by other agencies, like the bureaus of Customs and Internal Revenue, and the Philippine Statistics Office [sic],” he added.

PESO exchange rates n US 49.6990

Piñol said the Office of the President will soon release a memorandum order to operationalize the interagency task force. The memo will be signed by Executive Secretary Salvador C. Medialdea. He said one of the objectives of Task Force Bigas is “to avert any attempt at hoarding rice to create an artificial shortage” following the pronouncement of the President that the country will not import rice while harvest is ongoing. “The new policy declared by the President is aimed at protecting Filipino rice farmers from price manipulation. Historically, paddy rice-buying prices would fall from a high of P18 per kilogram [before the start of harvest] to only about P10 to P12 per kg

during peak harvest, a result of the inshipment of imported rice,” Piñol said. “The task force will conduct a nationwide inventory of all rice stocks, including those that entered the country through the backdoor by a well-organized rice-smuggling syndicate, which receives the rice from other countries in the waters off Malaysia and transferred to small boats that bring the stocks to Zamboanga City and other small ports in the peninsula,” he added. Earlier Piñol said he proposed the setup of Task Force Bigas to Duterte, as the Philippine Statistics Authority’s (PSA) data on rice were “not accurate”. Continued on A2

By Cai U. Ordinario

@cuo_bm

CASIPLE: “The end goal, of course, was to deal with the rest of the world as a political bloc.”

S

outheast Asian leaders should seriously consider jump-starting discussions on transforming Asean into the “European Union [EU] of the East” when they converge for the summit in Manila, according to experts. Political analyst Ramon C. Casiple of the Institute for Political and Electoral Reform said the plan to turn the Asean into a single base market was already “long overdue”. “The end goal, of course, was to deal with the rest of the world as a political bloc,” Casiple told the BusinessMirror, adding

the Philippines would benefit from a single base market. Ateneo de Manila University EagleWatch Senior Fellow Leonardo A. Lanzona Jr. said if Asean can trade as a single economic bloc like the EU, this will further boost efforts tTo attain food security in the region. “Trading as a bloc may be Continued on A2

n japan 0.4474 n UK 63.8384 n HK 6.3881 n CHINA 7.2104 n singapore 35.6112 n australia 37.1450 n EU 54.2117 n SAUDI arabia 13.2534

Source: BSP (27 April 2017 )


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