BusinessMirror January 25, 2020

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ROTARY CLUB OF MANILA JOURNALISM AWARDS

2006 National Newspaper of the Year 2011 National Newspaper of the Year 2013 Business Newspaper of the Year 2017 Business Newspaper of the Year 2019 Business Newspaper of the Year

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A broader look at today’s business

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Saturday, January 25, 2020 Vol. 15 No. 107

EJAP JOURNALISM AWARDS

BUSINESS NEWS SOURCE OF THE YEAR (2017, 2018)

DEPARTMENT OF SCIENCE AND TECHNOLOGY

2018 BANTOG MEDIA AWARDS PHILIPPINE STATISTICS AUTHORITY

DATA CHAMPION

P25.00 nationwide | 2 sections 40 pages | 7 DAYS A WEEK

UNTYING METRO MANILA’S

TRAFFIC GORDIAN KNOT

ROLAND NAGY | DREAMSTIME.COM

BBB COMMITTEE LISTS P383B WORTH OF INFRA PROJECTS TO EASE CITY TRAFFIC, NOTABLY AT EDSA, FOR COMPLETION WITHIN PRESIDENT DUTERTE’S TERM By Lorenz S. Marasigan

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DSA has become a source of frustration for many drivers, commuters and passengers within its entire stretch—a length of 23.8 kilometers running between the cities of Pasay and Caloocan—turning into a huge parking lot not only during critical rush hours but also during supposed off-peak periods.

BUILD, Build, Build Committee chairman Anna Mae Y. Lamentillo NONIE REYES

When it was constructed and extended between the 1930s and 1960s, plying the Edsa route would only take about half an hour. But now, on good days, the whole stretch may be traversed in just over an hour, but during bad days, end-to-end travel time by public transport could reach as much as three hours, or almost half an average working day in the Philippines. This too long a ride not only consumes a huge amount of time for an average Filipino worker, but also poses health risks. Traffic and transport experts have told the BusinessMirror previously that the traffic congestion on Edsa during the holiday rush has “inevita-

bly” become the “new normal.”

The root

NEGLECT, the experts have said, is the root cause of the monstrous bottlenecks in Metro Manila’s main and secondary highways. This was exacerbated by the fact that more and more Filipinos have more spending power to own a car. Today, Edsa is 39-percent overcapacitated, according to Build, Build, Build (BBB) Committee chairman Anna Mae Y. Lamentillo, with over 402,000 vehicles using the road daily. Edsa has a maximum capacity of 288,000 vehicles per day. “Edsa’s maximum capacity

when it was built was at 288,000 vehicles per day, but the actual figures reach 402,000 vehicles daily. Edsa has already exceeded its capacity by 39 percent, and we want to bring it back to its original capacity,” Lamentillo said in a mix of Filipino and English at a recent BusinessMirror Coffee Club Forum, where she fielded questions from journalists from the ALC Media Group. This means that the government intends to significantly cut the current travel time on Edsa and bring it back to its glory days, when one only needs 30 minutes to complete the whole route. Continued on a2

A waste-free economy catches on at Davos By Jill Ward and Suzy Waite

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and re-manufactured. In practical terms, for a company such as Apple Inc., that means making new iPhones with parts from older models.

Bloomberg News

HEN British yachtswoman Ellen MacArthur was promoting the idea of the circular economy on the sidelines of Davos in 2012, the big attraction was curiosity about what she was up to after her sailing career. Eight years on, MacArthur’s vision is taking hold at the World Economic Forum’s (WEF) annual gathering, and firms such as Adidas and Unilever, as well as asset management giant BlackRock Inc., are embracing it. “We had our own event in one of the hotels, and to be honest most people came because they were intrigued about what I might

be doing,” said MacArthur, who once held the world record for the fastest solo circumnavigation of the globe. “Things have changed enormously since then.” Her foundation is pushing an economic system where product lifespans are extended and components used repeatedly. Waste is eliminated by designing products that can be reclaimed, re-used

PESO EXCHANGE RATES n US 50.9630

Circular business

ELLEN MCARTHUR speaks on stage during #BoFVOICES on November 30, 2017, in Oxfordshire, England. SAMIR HUSSEIN/GETTY IMAGES FOR THE BUSINESS OF FASHION

THE idea is about replacing the “linear” model of growth—extraction, production and disposal —and reducing the strain on the planet’s limited resources. “We need to move to a circular business,” Marc Engel, chief supply chain officer at Unilever, told a Bloomberg Live panel in Davos. “We’ve got a long way to go, but I’m very positive we’ll get there. If we set our minds to it we will achieve it.” BlackRock started a fund focused on the circular economy in October alongside the Ellen Mac­ Arthur Foundation. At $23 million, it’s a drop in the ocean for the $7.4-trillion asset manager, though still a meaningful development as chief executive officer Continued on a2

n JAPAN 0.4654 n UK 66.8736 n HK 6.5579 n CHINA 7.3767 n SINGAPORE 37.7057 n AUSTRALIA 34.8689 n EU 56.3549 n SAUDI ARABIA 13.5861

Source: BSP (January 24, 2020)


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