Businessmirror april 30, 2018

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2015 environmental Media Award leadership award 2008

BusinessMirror A broader look at today’s business

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Monday, April 30, 2018 Vol. 13 No. 198

@akosistellaBM Special to the BusinessMirror

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number of resort owners on the now-shuttered Boracay Island point to the discrepancies in the government’s list of establishments said to be not connected to the main sewer line. T he bu si ness ow ners a nd representatives question why they are on the list of violators that the Department of Environment and Natural Resources (DENR) has released, when the sewer line hasn’t reached their area yet, or

they have already submitted the required documents and certifications to the agency. Shangri-La Resort and Spa Boracay, as well as its staff quarters, for instance, were issued notices of violation. (See “Severe penalities,

83 percent

We’re on a hill, so the sewer line has yet to reach us.”—Po

fines face 186 Boracay businesses not connected to sewer lines,” in the BusinessMirror, April 28, 2018.) The resort, however, is in Barangay Yapak, an area still unserviced by the Boracay Island Water Co. (BIWC). In a Viber message to the BusinessMirror, Shangri-La Boracay’s Spokesman Mica Cordero

Alberto C. Agra

ead

PPP L Alberto C. Agra Part One

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s an 83-percent rating good? If the passing grade is 75, yes, of course. For those who pursue excellence, it could be better. What is this 83 percent? This is the average mark of the Philippine public-private partnership regulatory framework per the recently published report of the World Bank. The Procuring Infrastructure PPP 2018 (2018 PPP Report) “assesses the regulatory frameworks and recognized good practices that govern PPP procurement across 135 economies.” The “aim of this publication is to help countries improve the governance and quality of PPP projects.” Continued on A15

Continued on A2

PCSO confident of hitting revenue target for 2018

BANNING‘BALIMBINGS’: PUNDITS BANK ON NEW CHARTER VS.TURNCOATS By Bernadette D. Nicolas @BNicolasBM

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NLY in the Philippines could a juicy fruit earn scorn. Locally-called balimbing, the fruit of the Averrhoa carambola has a double meaning in the country; the political definition of which refers to the derogatory turncoat. The more severe meanings are traitor and two-faced Janus. Modern politics is the culprit for turning a vitamin-rich star fruit to represent political turncoats, according to Ramon C. Casiple, executive director at the Institute for Political and Electoral Reform. Casiple explained the use of balimbing to refer to turncoats first became popular in Philippine politics when former allies of the late dictator and former President Ferdinand E. Marcos switched to the party of then-opposition stalwart Corazon C. Aquino in the run up to the 1986 Snap Presidential Elections. The reference was also easily accepted by many because, just like the star fruit’s color when ripe, yellow was also the cam-

paign color of Aquino when she ran against Marcos, Casiple said. Yellow was the dominant color used during the 1986 Edsa People Power event that led to Marcos’s ouster and demise from power. Aside from its shape and color, the starfruit is also available for all seasons. “If you slice the fruit, you would see a star shape. When you look at it at any angle, it looks the same,” Casiple told the BusinessMirror. “ The term balimbing became a colloquial term to also refer to politicians who are always there despite changes in political environment because they have no principles.”

Constitutional birth JUST as old as the reference, political turncoatism or party switching has become rampant and evident in the country’s long history. Asked if it is already part of Filipino culture to be a balimbing or be a turncoat, Casiple disagreed, saying it’s just a form of survival, especially in politics. See “Banning,” A2

PESO exchange rates n US 52.2310

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Sewer-line ‘violators’ chide DENR for releasing ‘faulty’ list By Ma. Stella F. Arnaldo

2016 ejap journalism awards

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By Rea Cu

@ReaCuBM

he Philippine Charity Sweepstakes Office (PCSO) is optimistic of reaching its revenue target of P55 billion this year, as it expects to increase the number of its authorized agent corporations (AACs) of Small Town Lottery (STL) by as much as 16.

₧55 billion

pasay city fiesta Aliwan Festival, an annual event hosted by the city of Pasay in Metro Manila, is touted as among the country’s biggest festivals, bringing together multiple celebrations, including the diverse cultures of the local population, and attracting tourists from across the country and the globe. BERNARD TESTA

Taxpayers fund NFA’s cheap rice–Duterte

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resident Duterte ordered the National Food Authority (NFA) to ensure the availability of cheap rice at all times by filling its warehouses, whether through its

domestic procurement program or importation. The President made this pronouncement in a news briefing upon his arrival from Singapore where he attended the 32nd Association of

Sout heast A si a n Nat ions Summit in Singapore. “It’s better to sell cheap rice to Filipinos. It doesn’t matter if the government incurs See “Taxpayers,” A16

The revenue target of the Philippine Charity Sweepstakes Office for 2018

PCSO Assistant General Manager for Operations Remeliza J. Gabuyo told the BusinessMirror that the board of the government- owned and -controlled corporations has already approved the establishment of six AACs this month. “Actually [the revenue target for 2018] is not P60 billion but P55 billion. The [PCSO] Board recently approved, two weeks ago, another six AACs in different areas,” Gabuyo told the BusinessMirror at the sidelines of the PCSO road show event last Saturday at Lipa, Batangas. See “PCSO,” A16

n japan 0.4779 n UK 72.6951 n HK 6.6575 n CHINA 8.2494 n singapore 39.3394 n australia 39.4605 n EU 63.2256 n SAUDI arabia 13.9283

Source: BSP (27 April 2018 )


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Businessmirror april 30, 2018 by BusinessMirror - Issuu