Businessmirror july 30, 2016

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“A man you can bait with a tweet is not a man we can trust with nuclear weapons.”—Democratic presidential candidate Hillary Clinton. AP

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“I will not leave. I will be the last man in the city.”—Mohammed Zein Khandakani, a 28-year-old resident of Aleppo who volunteers with the city’s medical council, expressing skepticism about the Syrian government’s offer of safe corridors for residents and rebels. AP

“Go look at the graves of brave Americans who died defending United States of America. You will see all faiths, genders and ethnicities. You have sacrificed nothing.”—Khizr Khan, father of a fallen Muslim soldier, addressing Republican presidential candidate Donald Trump at the Democratic convention. AP

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2015 environmental Media Award leadership award 2008

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A broader look at today’s business n

Saturday, July 30, 2016 Vol. 11 No. 294

LAWYER SAYS EXEMPTION PRIVILEGE SHOULD BE WITHOUT CONDITIONS

Dulay praised, hit over tax order for schools

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Philippines Graphic in BM in BM

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Cover Story

The Rock and the PNP by Editha Caduaya

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erving the people as a police officer is a journey, enjoy, do your job, follow the law.” This was the first order issued given by Davao City Police Director Ronald “Bato” Dela Rosa to his men four years ago, when he assumed his post as Davao City Police Director in 2012 to 2013. This man is now the chief of the Philippine National Police (PNP).

fiCtion

Aninipot by Errol A. Merquita

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ulati ko Eng, syagit ni Irna samtang iyang gisulob ang tsinelas sa isig ka bukton, gitanggal niya ang lunhaw nga sayal, gipilo ug gisuksok sulods sako-bag unya gipagonitan kang Rading. Alsaha kining bata, syagit sa tawng nagtapok kilid sa suba. Miambak siya sa gatuwangtuwang nga gakit, nanghawid iyang gamatoy nga tiil sa salog unya misuksok kauban sa ubang bata. Hinayhinay gituklod ang gakit nga nag utaw-utaw sa dakong kayab sa suba. Panggonit Irna, panggonit kay Rading, walay punay sa pagsyagit ang inahang nagtakin sa iyang mga anak nga morag bugang miturok sa iyang hawak ug dughan. Gikuptan ni Rading ang bagon sa iyang atubangan aron makapanimbang samtang nanghawid sa iyang abaga ang mga batang nagtindog sa likod. Ingon ani ang kahimtang sa mga batang Talaingod Manobo, kada adlaw gapanimbang, pirmi galabang sa mga anka sa suba, kalakawon-dili, katabukon-balik. Panggonit og tarong Na, hunghong ni Rading samtang nangayo siyag katahoran sa dakong bul-og sa tubig gikan sa kalasangan sa Talaingod.

@davecaga

espite the new memorandum circular issued by Internal Revenue Commissioner Caesar R. Dulay restoring the tax-exemption privilege of nonstock, nonprofit educational institutions, there are still some who are questioning his imposition of a onetime requirement for the exemption to apply. Continued on A2

INSIDE

he Philippines Graphic magazine offers its readers excellent literary, news analysis and feature story content each week. With August marking the nation’s annual Buwan ng Wika (Language Month) celebration, the Graphic is carrying poetry in Iluko by herminio S. Beltran Jr. of the Cultural Center of the Philippines (CCP) and short fiction written in the Cebuano unique to Mindanao by errol A. Merquita of the Davao Writers Guild. All throughout Buwan ng Wika, the magazine’s literary section will carry literary work written in the various languages spoken in the Philippine archipelago—not just in english or Filipino. here is your sneak peek into the pages of next week’s issue of the Philippines Graphic, with some excerpts:

By David Cagahastian

RMO 44-2016

The revenue memorandum order issued by Dulay restoring the taxexemption privilege of some educational institutions

HiStory Luxe Life

Cooking, according to Chef Jesse Factor by Vernon Velasco

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ometimes, it’s more than just good food. Sometimes it is all about the stories of the people with whom you share memorable meals—and there is always something to learn from Richmonde hotel’s executive Chef Jesse Factor. Factor sat and swapped tales with the Philippines Graphic over lunch at the hotel’s namesake café. From working at the coalface in the kitchens of some of Canada’s best restaurants and in Asia’s premier hotels to backpacking across the breadth and length of the Philippines to discover its culinary wonders, Jesse has constantly learned something about cooking: It’s a continuous learning process.

SportS

Filipino to compete in Spartathlon by Fil V. Elefante

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his year, a Filipino is joining the Spartathlon. he is Rolando “Jun Jun” espina. espina told the Philippines Graphic that he was the first Filipino to join the Spartathlon, which will take place this year on September 30. “Other Filipinos have qualified but they didn’t join,” he said. “I will represent the Philippines.” It’s not easy to join the Spartathlon. One must qualify for the race first.

That Misquote from Rizal (and Why the Youth Need to be Reminded) by prize-winning poet Joel M. Toledo

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ince we just commemorated our national hero’s birth month, this might be a good time to talk about a famous adage that we’ve always associated with Rizal: the one which goes, “Ang hindi magmahal sa kanyang salita mahigit sa hayop at malansang isda.”

Aside from the most-likely paraphrased version that we remember, where “salita” is replaced with “wika” and where certain words get omitted in the second verse, it is of note to mention that our memory of the adage came from our parents, history teachers, and partly from a song titled “Ako’y Pinoy” (often mistaken to be titled “Ako’y Isang Pinoy”). The song is written and sung by the folk singer Florante (whom some of the younger generation may not remember so much as the song’s catchy hook as sung by a suddenly patriotic uncle).

Also in this week’s Graphic:

Essay

Open Season by Marie Yuvienco

BlogBox

Digong’s First SONA: Flying out to neverwhere by Joel Pablo Salud

Special Report

Part II of Joel Pablo Salud’s Children on the Run: Will the lowering of the age of criminal liability solve child crime?

Culture

Graphic

Premeditated contradictions: Two articles in a pod by J. Sedfrey S. Santiago

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drinks on walker

CHINA, RUSSIA PLAN JOINT EXERCISES IN SOUTH CHINA SEA

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hina’s military said on Thursday it will hold joint exercises with Russian forces in the South China Sea, following a recent arbitration ruling that rejected Beijing’s claim to almost the entire strategic body of water. The air and sea drills will be held sometime in September, and were aimed at deepening relations between the two militaries and boosting their capacity to respond to maritime threats, ministry spokesman Col. Yang Yujun said at a monthly news briefing. Yang said the exercises weren’t targeted at any third parties. He didn’t disclose the specific location, and some areas of the South China Sea are not disputed. Chinese ships have challenged vessels from the US, the Philippines and other nations in disputed waters, and China considers the tribunal’s ruling earlier this month to be invalid. Russia and China have held numerous joint drills in recent years, united in a desire to stem American power in the Asia-Pacific region, despite their own lingering mistrust over territory and influence in Central Asia. Russia has also spoken in support of China’s rejection of the move by the Philippines to bring the South China Sea case before the international arbitration body in The Hague, the Netherlands, and argued that countries without a direct claim to territory should stay impartial, in a reference to the US, which has called on China to accept the ruling as binding. US State Department Spokesman John Kirby urged China to be transparent about its military capabilities and intentions. He said military exercises by China and Russia should comply with international law. “There’s no need for it to raise tensions. Exercises and operations are meant to hone capabilities,” Kirby told reporters in Washington. “It really depends on the way Continued on A2

MUSCLE-FLEXING In this July 8 photo released by Xinhua News Agency, Chinese missile frigate Yuncheng launches an antiship missile during a military exercise in the waters near south China’s Hainan Island and Paracel Islands, which are controlled by Beijing, but also claimed by Vietnam and Taiwan. China’s navy held military drills around the disputed islands ahead of a ruling by an international tribunal in a case filed by the Philippines challenging China’s claim to most of the South China Sea. Zha Chunming/Xinhua via AP

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il headed for the biggest monthly decline in a year, as brimming crude and fuel inventories force a retreat toward $40 a barrel. Futures were little changed in New York, down 15 percent for the month. US crude inventories rose for the first time since May, while gasoline stockpiles expanded through July 22, swelling a surplus of supplies that are at the highest seasonal level in at least two decades. Libya’s biggest oil ports are reopening, after a dispute with guards at the facilities was settled.

PESO exchange rates n US 47.0850

Oil has slipped about 20 percent since early June, after almost doubling from a 12-year low in February, as supply disruptions from Nigeria to Canada trimmed a worldwide surplus. Producers, including BP Plc., Royal Dutch Shell Plc. and Total SA, reported sharp declines in second-quarter earnings, as lower prices continued to take their toll. “There is too much oil in the market, there’s an incredible amount,” said Jonathan Barratt, the chief investment officer at Ayers Alliance Securities in Sydney. “Oil is in

DICT, PPP Center should prioritize NBN–experts

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By Lorenz S. Marasigan

@lorenzmarasigan

a range of $40 to $50 a barrel, and prices below $40 a barrel are going to be a problem.” West Texas Intermediate for September delivery was 1 cent lower at $41.13 a barrel on the New

xperts in the telecommunications space all agreed that the establishment of a National Broadband Network (NBN) should be a priority of the newly formed Department of Information and Communications Technology (DICT) and, possibly, the Public-Private Partnership (PPP) Center. “A national broadband network is critical, as it frees the government from dependence upon the telcos, and it opens the possibility of government as a third player,” Winthrop Yu, who chairs the Internet Society of the Philippines, told the BusinessMirror. Currently, the Philippine telecommunications market is lorded over by two players—PLDT Inc. and Globe Telecom Inc. While the duo has poured in billions of pesos in infrastructure, the government has yet to issue a single check to fund the building of its own network. Governments of neighboring countries, such as South Korea and Singapore, are supportive of the development of their digital economies, having their own national broadband backbones. The current state of the country’s Internet connection is comparable to a network of roads and highways built over the long period of agricultural and industrial era.

Continued on A2

See “DICT, PPP Center,” A2

Oil set for biggest monthly loss in a year

Sports

P25.00 nationwide | 3 sections 16 pages | 7 days a week

20% The drop in oil prices since early June

n japan 0.4474 n UK 61.9968 n HK 6.0708 n CHINA 7.0858 n singapore 34.7824 n australia 35.3138 n EU 52.1561 n SAUDI arabia 12.5557

Source: BSP (29 July 2016 )


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Businessmirror july 30, 2016 by BusinessMirror - Issuu