Businessmirror june 19, 2016

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Sunday, June 19, 2016 Vol. 11 No. 253

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EARTHQUAKE DRILL To prepare students once deadly earthquakes hit the upland campus of Eastern Nueva Vizcaya National High School in Didipio, Kasibu, Nueva Vizcaya, an OceanaGold (Philippines) Emergency Response Team and faculty members train students on how to execute the right move when confronted with real disaster. The province has recently experienced a series of alarming tremors. LEONARDO PERANTE II

Smartphone use rose by 20% in Q1 By Lorenz S. Marasigan @lorenzmarasigan

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M A R T PHO N E use in the country rose by a fifth in the first quarter of 2016, making the Philippines the fastestgrowing smartphone market in Southeast Asia to date. There were 3.5 million smartphones shipped to the Philippines during the last quarter, data from the International Data Corp. (IDC) showed. IDC Philippines Market Analyst for Mobile Devices Jerome Dominguez attributed this growth to the stronger support from Smart Communications Inc. and Globe Telecom Inc., both of which are pushing for higher smartphoneadoption rates, as they are banking on data to drive up their revenues. “While many of the more mature smartphone markets of the world already displayed signs of saturation, the Philippine smartphone market continues to enjoy robust growth owing to a relatively low smartphone-penetration rate at 30 percent in 2015, active local brand presence and healthy consumer spending,” Dominguez said. The market is mainly saturated by local smartphone vendors, who offer cheaper phones for as low as P888 per unit. This was a promo launched by Smart during that quarter. “Smartphones priced below P3,500 still make up the majority of smartphones shipped to the Philippines. MyPhone’s successful See “Smartphone,” A2

Q1 exports down 33%; BSP remains optimistic By Bianca Cuaresma

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@BcuaresmaBM

HE poor export performance of the country caused a sharp decline in its current-account surplus, the core component of the balance of payments (BoP), in the first quarter of the year.

The Bangko Sentral ng Pilipinas (BSP) reported that while the country’s current account remained in surplus at $2.2 billion in the first three months of 2016, it is significantly lower than the $3.3 billion recorded in the first quarter of 2015. The current account is the biggest and most stable component of the country’s BoP, or the summary of the Philippines’s transactions with the rest of the world. This component is usually buoyed by the strong inflows from overseas See “Exports,” A2

Washington honors Filipino women suffragists from 1920s By Recto R. Mercene @rectomercene

‘I

T is worth noting that Philippine society has always been blessed with strong and powerful women who shape the course of our history. Filipinas are active in diverse fields, pouring their talents, skill and passion into many areas of human endeavor. It is, therefore, no wonder that the Philippine Suffrage Movement in the early-1900s was composed mainly of Filipinas who were able to carve an identity and a mission that were separate from those of the influential men in their lives.” Thus said Minister Patrick Chua­soto, deputy chief of mission of the Philippine Embassy, as he formally opened the exhibit The Washington Home of the Philippine Suffrage Movement on June 16 at

PESO exchange rates n US 46.3510

U.S. First Lady Florence Harding (center, foreground) receives a group of women from the Philippines, led by Sofia de Veyra, wife of the Philippine resident commissioner, at the South Lawn of the White House on June 19, 1922. The women visitors were the wives and daughters of the Philippine delegation that went to Washington, D.C., to lay before President Harding the plea for Philippine Independence. WHITE HOUSE photo

the embassy’s Romulo Hall. The Washington Home of the Philippine Suffrage Movement stems from the research of husband-andwife team Erwin Tiongson and

Titchie Carandang-Tiongson, who also spearheaded the ongoing project Philippines on the Potomac, or POPDC. It was an initiative of See “Women Suffragists,” A2

MVP reaffirms vow to develop Clark International Airport By Joey Pavia Correspondent

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AK ATI C I T Y— Business tycoon Manuel V. Pangilinan reaffirmed his commitment to fully develop the Clark International Airport (CRK) in Pampanga, saying it’s a “better option” compared to planned airports in Cavite and Bulacan. Pangilinan, in an interview with Pampanga-based journalists shortly after the PLDTSmart stockholders’ meeting here on June 14, said, “We must retain the Naia [Ninoy Aquino International Airport], but go for it [CRK].” He was referring to the Naia in Pasay City being plagued by flight delays and passenger congestion. Pangilinan said he had tried to develop five regional airports, including the CRK, which sits on a 2,000-hectare land, but failed during the rule of outgoing President Aquino. “It’s up to the incoming President [Rodrigo R. Duterte] what they want to do with Clark. We will support if they want,” Pangilinan said. He said Duterte and his people should make a study on the viability of the other airports in the country, in-

cluding the one pushed by outgoing Transportation Secretary Joseph Emilio A. Abaya in Sangley Point in Cavite. Earlier, Ramon S. Ang of the San Miguel Corp. also proposed the construction of the airport in Bulacan. “We have lots of reclaiming of lands to do at Sangley,” he said. Pangilinan said the study should be immediately made to complement the flights at the Naia. The chairman of the PLDT and Smart said a railway train should be constructed to connect Clark to Makati City and the Naia. “The airlines and their passengers just want to be brought via train to Metro Manila after landing at Clark,” he said. “It’s doesn’t have to be a fast train, because Manila is not too far from Pampanga.” Last month the Clark International Airport Corp. (CIAC) noted an 8-percent increase in the volume of passengers at the CRK in the first four months of 2016. CIAC President and CEO Emigdio P. Tanjuatco III cited figures indicating that a total of 316,656 passengers used Clark from January to April this year, compared to 292,659 passengers over the same period last year.

n japan 0.4446 n UK 65.8370 n HK 5.9741 n CHINA 7.0317 n singapore 34.3799 n australia 34.1097 n EU 52.0475 n SAUDI arabia 12.3636

Source: BSP (17 June 2016 )


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