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A broader look at today’s business n
Monday, March 19, 2018 Vol. 13 No. 159
T
Neda checkpoints in PPPs
@BNicolasBM
he word “exclusively” in the 1987 Charter’s provision on national patrimony could be excluded in the proposed federal constitution, in the process removing obstacles to deals like the joint Manila-Beijing exploration in the West Philippine Sea (WPS) currently being hatched by the two countries.
Alberto C. Agra
AGUILAR: “It says ‘exclusively,’ so any president who does that [joint exploration] could be violating the Constitution, if interpreted strictly.”
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Continued on A2
Continued on A15
Want to get the picture of China controlling sea routes, see what’s already happening in the sky By Recto Mercene
By Joel R. San Juan @jrsanjuan1573
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The number of cyber-libel cases filed in 2017, up almost 300 percent
See “Cyber libel,” A2
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COMENDADOR: “There is grave congestion and sometimes flights are held on the ground one to two hours, because we can’t pass through gate.”
C
ITH the proliferation of online platforms, the Department of Justice (DOJ) has to deal with the increasing number of cyber-libel cases being filed with the agency, often with people familiar with each other as opposing parties.
Records obtained by the Businessmiror from the DOJ-Office of Cybercrime showed that there are a total of 127 cyber-libel cases filed before the agency last year.
ead
PPPC.LAgra Alberto
or public-private partnerships (PPPs) or arrangements between government/ implementing agencies (IAs)—national government agencies, government-owned and -controlled corporations (GOCCs), government instrumentalities (GIs) and local government units (LGUs)—and private-sector proponents (PSPs), the role of the National Economic and Development Authority (Neda) depends on the modality, and governing law and regulation.
Arthur N. Aguilar, chairman of the Subcommittee on Economic Reforms of President Duterte’s consultative committee (Concom), told the BusinessMirror they are studying “very carefully” various options for possible
Cyber-libel cases rising, as friends turn into foes via online platforms
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New Charter could pave way for joint exploration in WPS By Bernadette D. Nicolas
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fundador café Tycoon Andrew Tan’s sons, Kendrick and Kevin Tan of Emperador Inc., lead the ceremonial toast to mark the opening of the brand’s first-ever concept store—the Fundador Cafe—at the Venice Grand Canal Mall in McKinley Hill, Taguig City. The Fundador Café was conceptualized with millennial Filipinos in mind, offering a variety of cupcakes, gelatos and beverage concoctions spiked with flavors from the brand’s finest liquor line.
PESO exchange rates n US 52.0730
oncerns over the prospects of Beijing controlling South China Sea routes aren’t unfounded after all, especially with what is happening now in particular paths in the sky that is being regulated by Beijing. All flights emanating from the Philippines going to some parts of China have to pass through a waypoint called Noman, thus, creating a funnel effect, leading to air congestion. Flights from the Ninoy Aquino International Airport (Naia), Clark International Airport and Mactan-Cebu International Airport have to wait on the tarmac until China gives the go signal. “There is grave congestion and sometimes flights are held on the ground one to two hours, because we can’t pass through gate,” said Capt. Dexter Comendador, Philippine Air Asia CEO. He added that flights going to Hongkong, Shanghai, Macau and Shenzhen have to go through that
designated waypoint, also referred to as the “Southern Gate.” “There’s another route that passes through Taiwan and South Korea [from the Philippines] called the Northern Gate, but that’s too far; [consumes] too much fuel,” he added. In aviation, a waypoint is a point or place on aerial maps, most often referred to in coordinates to specify position on the globe. Today’s pilots find the waypoint’s location with a computer. But in the early days of aviation, a navigator onboard does the computation through physical devices. Continued on A2
n japan 0.4897 n UK 72.5846 n HK 6.6407 n CHINA 8.2400 n singapore 39.6535 n australia 40.6065 n EU 64.0758 n SAUDI arabia 13.8854
Source: BSP (16 March 2018 )