BusinessMirror August 15, 2020

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BusinessMirror War’s legacy: The unfound ROTARY CLUB OF MANILA JOURNALISM AWARDS

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www.businessmirror.com.ph

A broader look at today’s business n

Saturday, August 15, 2020 Vol. 15 No. 310

P25.00 nationwide | 12 pages | 7 DAYS A WEEK

75 YEARS LATER, THE REMAINS OF 1 MILLION JAPANESE WAR DEAD SCATTERED ACROSS ASIA HAVE NOT BEEN FOUND

PEOPLE gather for the cremation ceremony for Japanese war dead in World War II, in Papua province, Indonesia, in March 2013. KYODO NEWS VIA AP

T

By Mari Yamaguchi | The Associated Press

OKYO—Seventy-five years after the end of World War II, more than 1 million Japanese war dead are scattered throughout Asia, where the legacy of Japanese aggression still hampers recovery efforts.

The missing Japanese make up about half of the 2.4 million soldiers who died overseas during Japan’s military rampage across Asia in the early 20th century. They are on remote islands in the South Pacific. They are in northern China and Mongolia. They are in Russia. As the anniversary for the end of the Pacific War arrives on Saturday, there is little hope these

remains will ever be recovered, let alone identified and returned to grieving family members.

Hindrances to recovery

ONLY about half a million are considered retrievable. The rest are lost in the sea, or buried in areas that can’t be reached because of fighting, or security, or political reasons, according to Japan’s Ministry of Health, Labor and Welfare,

which is in charge of support measures for bereaved families. Locating, identifying and finding places to store the decades-old remains have been complicated as memories fade, artifacts and documents get lost and families and relatives age. In 2016, Japan’s parliament passed a law launching an eightyear remains recovery initiative through 2024. It promotes more

DNA matching and cooperation with the US Department of Defense in case remains are found at US military facilities on islands in the southern Pacific that were former battlegrounds.

Honored as gods

IT was not until 2003 that the Japanese government started DNA matching, but only at the request Continued on A2

Is DOE at the tip of the energy transition spear?

I

By Sara Jane Ahmed & Alberto Dalusung III

N recent days, the country’s energy sector has been abuzz with talk from the energy managers of a drive to accelerate indigenous energy development. This is driven by the experience of the real fears of imported fuel supply insecurity for the whole energy sector at the onset of the pandemic,especially for the power sector. In private and public fora, Energy Secretary Alfonso Cusi has encouraged bolder development of renewable energy. This drive is both patriotic and scientific. Rapid technological development driving the transition to a low-carbon economy means that electricity should no longer be

expensive. Variable renewable energy can now meet or undercut the price of power from the electricity grid while cannibalizing the market for more expensive coal-based generation. This realization has led Meralco, the country’s largest utility company, to acknowledge the risk of nonperforming stranded assets through a carve-out clause in their power purchase agreements that permits curtailment. It means Meralco can opt to buy less power

PESO EXCHANGE RATES n US 48.8900

POWER pylons and high-voltage lines passing through the Cordilleras. ALEXEY KORNYLYEV | DREAMSTIME.COM

from coal-fired generators under certain conditions. Accordingly, coal generators are no longer able to pass on unmanaged coal price risk to Meralco and its end-users. Meralco confirmed at a conference last month that should it decide to buy less power, as seen in its 30-percent cut during the Covid-19 lockdown, coal generators would have to sell their electricity elsewhere. Coal-fired plants only operate efficiently in a narrow capacity band and if they run at below a certain threshold, the cost of fuel and maintenance rises. Unlike some fossil gas and diesel generators, coal power plants have a minimum stable operating point requirement of 40 percent to 50 percent of capacity, resulting in significant risk of breakdowns at lower operating levels. With mounting competition from low-priced renewable energy and Continued on A2

n JAPAN 0.4573 n UK 63.8943 n HK 6.3081 n CHINA 7.0386 n SINGAPORE 35.6367 n AUSTRALIA 35.6367 n EU 57.7684 n SAUDI ARABIA 13.0377

Source: BSP (August 14, 2020)


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