Businessmirror march 29 - april 01, 2018

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Thursday-Sunday, March 29-April 1, 2018 Vol. 13 No. 169

CA clears installation of GPS on public buses T

By Joel R. San Juan

@jrsanjuan1573

he Land Transportation Franchising and Regulatory Board (LTFRB) can now enforce its memorandum circulars compelling all public-utility buses (PUBs) in the country to install Global Positioning System (GPS) to promote road safety after the project was cleared by the Court of Appeals (CA). In a 23-page decision penned by Associate Justice Rafael Antonio M. Santos, the Court’s Twelfth

Division affirmed the decision issued by the Regional Trial Court (RTC) in Quezon City issued on

“[The] petitionerappellant failed to overcome the presumption of constitutionality and validity in favor of the memorandum circulars.” —Court of Appeals

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Trump’s trade war: An opportunity to reshape Philippine economy Rene E. Ofreneo

laborem exercens

B

January 17, 2017, which declared as constitutional the LTFRB’s Memorandum Circulars 2015-021 and 2015026 issued on June 26, 2015, and

y imposing punitive tariffs on Chinese steel and aluminum exports and threatening to apply similar sanctions on 100 or so Chinese products, US President Donald J. Trump has literally unleashed a trade war with the United States mercantilist rival. The response of the stock market of the Philippines and the world was immediate: plunging price indices. There are worries everywhere on how the war is going to develop and affect the global economy. There are even fears that the war can trigger a bigger nontrade war. For those who remember, World War I and World War II were partly fueled by the trade rivalries among the European and Asian powers.

Continued on A2

Continued on A2

PHL, Indonesian businesses unable to provide volume to Roro shipping By Manuel T. Cayon @awimailbox Mindanao Bureau Chief

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paradise for off-roaders A group of off-roaders take a break at Barong Tagalong, on top of a mountain in Zambales, while taking

AVAO CITY—Businesses from both the Philippines and Indonesia could still hardly provide the volume to sustain the recently opened and the only roll-on, roll-off (Roro) cargo shipping in the Celebes Sea, the sea-lane that once saw a regular barter trading between Filipino, Muslims and Indonesian traders for centuries. The first trip from here in April last year, with a stopover in General

Santos City and on to the international port of Bitung in the western group of islands of Indonesia, carried only five 20-footer container vans from one flour and animal feeds company. K i m P a n c h o, D a v a o C it y branch manager of the Super Shuttle Roro 2, said there were two other ships that succeeded the launch, witnessed by Philippine President Duterte and Indonesian President Joko Widodo. It was stopped for failure to get more shippers. “We would be mounting another one this year,” Pancho

told the BusinessMirror, as he promised to provide the details of the three shipping ventures done last year and to talk further on the planned shipping this year. He did not reply to succeeding follow-up inquiries, though.

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THE Indonesian consu late here disclosed late last year that a Manado City, Indonesia-based shipping company dispatched a 256-TEU KM Gloria 28 boat to pick up from where the Super Shuttle Roro 2 has taken a rest. Continued on A4

advantage of the holidays. ALYSA SALEN

‘Townships should have socialized Fight for women’s rights alive in pending bills to high-end residential components’ By Jovee Marie N. dela Cruz @joveemarie

T

he Philippine government, through the years, has advanced the protection of women’s rights and role in nation-building, as mandated by the 1987 Constitution. Article II, Section 14, states: “The State recognizes the role of women in nation-building, and shall ensure the fundamental equality before the law of women and men.” This is why the Philippine government considers women as important partners in the achievement of national goals, and must be treated equally with their male partners in the eyes of the law. Over the past century, government

On this month, National Women’s Month, we celebrate the invaluable contributions of women in our society. We honor all the advocates of women’s rights and the vital role they play in our unrelenting quest for gender equality in all aspects of life.”—Aragones

efforts have led to many developments for the greater protection of women’s rights in the country, such as recognition of women’s movements; increased numbers of educated women; increased number of women in politics; and more laws on enhanced protection of women in the workplace, domestic violence, sexual harassment and human trafficking, among others. These efforts, thus, led to the

PESO exchange rates n US 52.2070

Philippines being recognized as having the smallest rates of gender disparity in the world, where the country ranked seventh out of 145 countries for gender equality in the 2015 Global Gender Gap Index. Through the years, Filipino women have become more multifaceted that they have assumed a plethora of roles in the community, and even in the whole world. Continued on A4

By VG Cabuag

A

@villygc

couple walked past Saint Mary’s Academy, a school in Pampanga that can accommodate some 3,000 students at any given time, and many residents in the area once studied there. “That’s where my kindergarten school teacher lives,” said the woman, who also studied at Saint Mary’s and also lives a few blocks away, as she points to a low-rise building right across the street. Many of the older towns in the Philippines—even in many bustling cities in Metro Manila—were built this way: schools and places

I’m a firm believer of not putting your socialized housing outside or separate. Put it inside. Make it in such a way that your socialized housing blends with your low cost, blends with your midcost, blends with your high end. It is okay.”—Atencio of work, worship or entertainment were placed right in the middle of a residential community. As the Philippine economy expands, and with many of the infrastructure built during the Marcos era, more and more people are being forced to live outside of city centers, as land prices become more expensive.

But with the heavy traffic jams and low infrastructure support to move people in and out of the city, property developers, such as Megaworld Corp., a company led by businessman Andrew Tan, coined the word “township development, ”a place where people can live, work and play. Continued on A2

n japan 0.4957 n UK 73.9251 n HK 6.6535 n CHINA 8.3165 n singapore 39.8648 n australia 40.0793 n EU 64.7628 n SAUDI arabia 13.9226

Source: BSP (28 March 2018 )


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Businessmirror march 29 - april 01, 2018 by BusinessMirror - Issuu