Businessmirror july 04, 2016

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“Never gonna give EU up, never gonna let EU down.”—Sign at the celebritypeppered 3-kilometer “March for Europe,” as tens of thousands of European Union (EU) supporters sang, danced and marched their way down the streets of London on Saturday to protest the United Kingdom’s vote to leave the EU. AP

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“Whenever and wherever human beings endure suffering and humiliation, take sides. Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented.”—Nobel laureate Elie Wiesel, the Romanian-born Holocaust survivor whose classic Night became a landmark testament to the Nazis’ crimes. Wiesel has died at age 87, it was announced on Saturday by Israel’s Yad Vashem Holocaust Memorial. AP

“Israel is coming back to Africa; Africa is coming back to Israel. It’s happening in a big way.”—Prime Minister Benjamin Netanyahu, speaking to African ambassadors at the launch of the Israeli parliament’s caucus for Israel-Africa relations. He heads to Africa this week, where Israel has found much-needed partners in the battle against Islamic militants and allies in countering the rising Palestinian influence at the United Nations. AP

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Monday, July 4, 2016 Vol. 11 No. 268

No VAT hike sans review of exemptions–Angara

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By Butch Fernandez

@butchfBM

he head honcho at the Senate Ways and Means Committee is proposing for a more thorough review of the exemptions from the value-added tax (VAT) prior to tackling the proposed hike in VAT rate from 12 percent to 15 percent. See “VAT,” A2

We should take note that the country’s 12-percent VAT is already the highest rate in the region.” —Angara

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mindanao’s fashion inauguration

Digital technology and the new agriculture

P25.00 nationwide | 5 sections 36 pages | 7 days a week

PPP is ‘bayanihan’ PPP Lead

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Alberto C. Agra

s bayanihan relevant to public-private partnerships (PPPs)? Are the objectives of bayanihan and PPPs the same? For PPPs to succeed, what in the spirit and practice of bayanihan can be used? What can we learn from examples of bayanihan? Who is the bayan (country) and bayani (hero) in PPPs? Typical images of bayanihan show neighbors carrying a nipa (thatched roof) hut, a chain of people passing on buckets of water to douse a fire, or passengers pushing a jeepney out of a flooded street. Bayanihan “Filipinizes” and localizes PPP. It is a Filipino word that means “cooperative undertaking” and “collective participation.” Bayanihan encapsulates PPP in two respects, i.e., as bayanihan and bayani-han. Both depict a story, a journey and a purpose, and demonstrate participative leadership. Continued on A14

PPP as ‘bayanihan’ life

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djokovic’s 30-match slam streak ends at wimby

By Psyche Roxas-Mendoza

@PsycheRoxas Exclusive to the BusinessMirror

T sports

c1

First of three parts

his 70-ish grandmother and retired school teacher attests that farmers, like his late father, could tell the weather by observing nature. The lack of stars, a moon enveloped by a cloud in the night sky, the blooming of the fire tree—any one of these could mean rain or drought, or a perfect planting day. Until the

PESO exchange rates n US 47.0070

A selfie for every pest is just one of the latest smart technologies available to the modern-day Pinoy farmer. earth’s climate changed. “Now, it’s difficult to correctly discern when it is time to plant,” Felicidad Antes said. Antes, who resides in Sorsogon province in the Bicol region, said the signs can mislead one these days. Before, when it rained heavily after

a long, hot summer, you can take it to mean that summer is over, and that it was time to prepare the land for planting. “ Now, it ’s not a lways t he case. And a mistake can cost you P3,000, the amount one pays

Citizen

Private Sector Regulator

Government

Author: Alberto C. Agra

bm Graphics: Job Ruzgal

Continued on A2

n japan 0.4553 n UK 62.5945 n HK 6.0584 n CHINA 7.0708 n singapore 34.9027 n australia 35.0202 n EU 52.2107 n SAUDI arabia 12.5389

Source: BSP (1 July 2016 )


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