Businessmirror August 18, 2018.pdf

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MEDIA PARTNER OF THE YEAR

UNITED NATIONS

2015ENVIRONMENTAL MEDIA AWARD LEADERSHIP AWARD 2008

BusinessMirror

www.businessmirror.com.ph

A broader look at today’s business n

Saturday, August 18, 2018 Vol. 13 No. 308

2016 EJAP JOURNALISM AWARDS

BUSINESS NEWS SOURCE OF THE YEAR

P25.00 nationwide | 2 sections 20 pages | 7 DAYS A WEEK

Can Manila get a good joint exploration deal with China in the West PHL Sea?

IN this April 21, 2017, file photo, Chinese structures and buildings on the man-made Subi Reef at the Spratlys group of islands are seen from the Thitu Island off the South China Sea. AP/BULLIT MARQUEZ

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By Bernadette D. Nicolas

OW that the ball has started rolling for the possible joint exploration by the Philippines and China in the West Philippine Sea, analysts are wary of the risks it will bring. At the same time, however, they see that this can be averted if the technical working group (TWG) entrusted with the hard task of crafting the nitty-gritty of such an initiative will do its job well.

Experts also believe that the TWG must ensure that any joint exploration deal will be in accord with the Philippine Constitution and will not imperil what the country has already won in the arbitral ruling by the Permanent Court of Arbitration in The Hague in July 2016. At the same time, they concede that allowing the status quo to continue—where there will be no progress in petroleum exploration and development—could be fatal to an economy with high growth projections. Meanwhile, both Victor Andres C. Manhit, president of Stratbase ADR Institute, and maritime law expert Jay Batongbacal did not discount the possibility that China may use the deal as a trap for the Philippines to later give in to what it wants. Batongbacal, director of the

University of the Philippines Institute for Maritime Affairs and Law of the Sea, said the TWG’s role is crucial since the group has to be the one to watch out for the Philippine interest. He added the TWG’s work is tough, since they need to do a lot of homework and research to ensure that this joint development “does not end up becoming a means for the Philippines to surrender some aspect of what it has already won in the arbitration.” More than two years since the historic victory of the Philippines when The Hague-based UN tribunal issued the landmark decision invalidating China’s massive claims of ownership under its nine-dash-line principle in the South China Sea, Beijing still does not recognize the arbitral ruling.

The arbitral decision had also underscored that the Asian superpower has no legal basis to claim historic rights within the sea areas falling within their “nine-dash line.”

TWG ‘approved in principle’

LAST week the President approved “in principle” the establishment of a TWG on the joint exploration, according to Foreign Secretary Alan Peter Cayetano. The secretary said the TWG will have representatives from the Departments of Environment and Natural Resources, Energy and of National Defense; National Security Council; National Intelligence Coordinating Agency; and the Department of the Interior and Local Government. To advise and help in the nego-

tiation stage, a legal team with representatives from the Department of Justice and the Office of the Solicitor General will be formed. Cayetano said China is also ready with its own TWG and is hoping that the framework agreement between the two countries could be signed in September. Batongbacal said the agreement with China could either be so simple that will not help at all, or be too detailed that the country might end up giving up more than it is supposed to. “The very important part there [that the TWG should watch out for] is the aspect of control and exclusive sovereign rights. They [TWG members] should not be placed in a position that because of See “China,” A2

Meralco: From just a utility to tech-savvy, transparent, empowering partner of people

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By Roderick L. Abad | Contributor

OMMUNICATION in the power industry used to be a restricted discipline in the Philippines, with the generation and transmission sectors controlled by government, and the distribution in the hands of companies with legislative franchise monopoly. But with deregulation in generation and other reforms in the past decade spurring a takeoff in the electricity market even as rapid advancements in technology took place, communication has proven to be crucial in reaching out to millions of electricity users in a timely and coherent fashion. For Manny V. Pangilinan (MVP)-led company Manila Electric Co. (Meralco), communication became the catalyst to set in motion its customer-centric thrust. It was, however, no easy journey, and one that was – and still is – fraught with challenges. Given its reputation as the Philippines’ biggest electricity dis-

tribution utility, the listed firm has had its fair share of criticism, especially since electricity is not only considered a consumer good, but also a political product. That said, generation and distribution of such requires a smooth, fast and reliable process at all times. Otherwise, expect a public outcry as soon as the first hitch happens. “It’s a high-profile political company,” Alfredo S. Panlilio, SVP and head of customer retail services and corporate communications at Meralco, told the BusinessMirror. “It’s so political externally that, for whatever reason, one can just take an issue against us to their benefit.”

PESO EXCHANGE RATES n US 53.4430

ALFREDO S. PANLILIO, SVP and head of customer retail services and corporate communications at Meralco

With its fourth ‘Company of the Year’ Quill accolade, power giant shows how good, sincere communications and technology can help people appreciate its work

Unfazed by criticism, however, the esteemed organization relentlessly addressed every concern that has come its way and eventually regained the people’s trust after each crisis. Thanks to the power of words, either spoken or written, it has successfully brought the right message across its target market, or the consuming public as a whole, in so far as its public relations and communication strategies are concerned. Proof of this: Meralco’s consistent triumph in the Philippine Quill Awards, where, at the just concluded 16th edition of the awards, it bagged anew the Company of the Year accolade. The utility firm has won this citation four times since 2012. “Winning awards like Quill is such a privilege,” Panlilio said of their four-peat record since the International Association of Business Communicators (IABC) Philippines introduced it as a special category in this most prestigious annual awards program in the field of business communication. As in previous Quill editions, Meralco brought home again the most number of awards this year among the participating companies: 14 Excellence and 13 Merit trophies, or a total of 27 campaign Continued on A2

n JAPAN 0.4820 n UK 67.9902 n HK 6.8085 n CHINA 7.7566 n SINGAPORE 38.8479 n AUSTRALIA 38.7943 n EU 60.8128 n SAUDI ARABIA 14.2499

Source: BSP (August 17, 2018 )


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