BusinessMirror November 08, 2022

‘Close borders, cut Omicron exposure risk’ Moody’s Analytics: Slower PHL GDP growth in Q3

By Cai U. Ordinario

with their loved ones, while foreigners living in temperate regions economic “Weaker conditions in mausually want to relax in tropical growth is expected to slow jor developed markets such as LOSING the countries like the Philippines. incountry’s the thirdborders quarter comEurope, and to a lesserThis extent is one of the immediate year’s influx of OFWs is expectedimpact to pared to most the April to June period, the US, will increasingly courses of action the governbe heavier since many in of 2023,” them were according to Moody’s Analytics. manufacturers Moody’s ment must take to prevent the latunable to come home for the holidays In its Asia-Pacific Economic Analytics said. est Covid-19 variant, Omicron, from in December 2020.

Review, Moody’s Analytics said In the Philippines, industrial reaching Philippine shores, is to protect the country’s GDPaccordis expected to “My recommendation production is expected to slow to ing to localaverage economists. the borders.

Do not allow people withfrom 6.45 percent in the third 2.6 percent in September T he new var iant is a threat, a history of travel to countries with quarter. This is slower than the the 3.5 percent in August. e s p e c i a l l 7.4 y wpercent it h t he hol id positive cases posted in ay thes second Thistoisenter,” slowerOplas thansaid. the 13 coming upquarter and more foreigners “We should be more restrictive.

[We this year. percent expected for Malaysia’s being a llowed the thirdhave to industrial be] more protective in terms Thisto istravel highertothan production growth, Philippines, De La Sa lle Univerof our measures.” quarter GDP growth expectation but faster than India’s which is sit y economist Mar ia Ella said that this0.3 willpercent be for Indonesia at 6.1Oplas percent, but Oplas forecast to while contract told BusinessMirror. a setback to some industries, this slower than the forecast for Main September.

The holidays bring in is a fair measure considering that laysia atusually 12.8 percent.

T he Philippine Statistics Overseas Filipino Workers (OFWs) this could help prevent placing the who are eager to spend Christmas country in another strict lockdown,

T C

@caiordinario HE country’s

THE WORLD ›› A8

UN REPORT: CLIMATE WOES BAD, GETTING WORSE FASTER

Monday, November 29, 2021 Vol. 17 No.52 n Tuesday, November 8, 2022 Vol. 18 No. 27

which, she said, the economy can no longer afford. (PSA) is expected to Authority “It is better weMonthly do protective release thethat latest Intepreventive measures than exgrated Survey of Selectedget Indusposed again.

We have a lotIndex to lose,” tries or the Production and Oplas said.

“We should now so Net Sales Index datado onitTuesday, thatNovember we can open just before Christ8. mas. If it gets contained, we can open Third quarter economic perit again.” formance, meanwhile, will be Ateneo Center Economic Rereleased by thefor PSA on Thursday, search and Development (ACERD) November 10.

Associate Ser the Percival In itsDirector recent report, InterK. Peña-Reyes said closing the national Monetary Fund (IMF) country’s bordersthe would be effecsaid it expects country’s GDP tivegrowth but should adhere to the to be still slower this year and standards set by the World Health in 2024, in contrast to its July Organization forecast. (WHO).

What is needed, Peña-Reyes told Based on IMF’s latest projecthis newspaper, is for travel restrictions to be put in place swiftly and

for government to be proactive in imposing tions, thethem. country’s GDP is now Previous instances expected to average 6.5 when percentthe country had the opportunity to imin 2022; 5 percent in 2023; and pose travelinrestrictions did not pre6 percent 2024. ventThe the estimate spread of Covid-19. for 2022 That is 0.2was mainly because the decision was percentage points lower than thenot made immediately, he said.

July 2022 forecast in the IMF’s “Kung papatayOutlook patay (WEO) [If we’re World Economic slow] and we get caught flat-footbut the same as the April WEO. ed, The [that’s risky]for We2023 wereistoo forecast thereactive instead of proactive before. same as the July WEO but 1.3 We should learn Peñapercentage pointsfrom lowerthat,” than the Reyes a delicate balancing April said.

2022“It’s WEO estimates.

For act.

Wethe need to push 2024, forecast is 0.5testing percent-and tracing to be properly informed age points below the estimates of our decisions.

Blanket/shotgun made in the July and April WEO approaches have dire consereports. Cai U.could Ordinario quences on the economy.”

See “Omicron,” A2

NATL GOVT BORROWINGS GIR INCHES UP IN OCT, FOR 10 MOS DIP TO P2.75T BUT STILL BELOW $100B w w

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P25.00 nationwide nationwide || 22 sections sections 28 20 pages pages || P25.00

By Bernadette D. Nicolas

T T

Omicron risk spurs revival Senate chief of quarantine vows: NoPHL rules in

@BNicolasBM

By Cai U. Ordinario

HE national government’s HE level gross of the borrowings as of country’s end-October shrank dollar defenses by almost 6 percent against economic year-on-year to imbalances P2.75 trillion. @caiordinario

improved but remained Latest data frombelow the Bureau of the Treasury showed that the govern$100 billion ment’s gross borrowings during the 10-month period fell by 5.99 percent in October, from P2.92 trillion a year ago. according theleft for With only two to months this year, the latest figure is already Bangko equivalent to Sentral 89.6 percent ng of its P3.07-trillion borrowing program.

Pilipinas (BSP).

Broken down, gross domestic bor-

rowings from January to October settled P2.23 trillion, down by The at country’s gross interna5.08 percent from P2.35 tional reserves (GIR) level,trillion based in 2020. on preliminary data, rose to $94.1 Theasbulk of the amount was billion of end-October 2022 from sourced from Fixed Rate Treasury the end-September 2022 GIR level Bonds of $93 (P1.19 billion.trillion), followed by short-term borrowings from BangA year ago, BSP data showed, the ko SentralGIR ng Pilipinas orto BSP (P540 country’s amounted $107.89 billion),This Retail Treasury billion. means, the Bonds/PreGIR level of myo Bonds (P463.3 billion), the country in October 2022Retail conOnshore Dollar Bonds (P80.84 biltracted year on year by 12.8 percent. lion).

In the same period, there was “The latest GIR level represents a also athan net adequate redemption of Treasury more external liquidBills amounting to P43.94 billion. ity buffer equivalent to 7.5 months’ Netofdebt redemption means worth imports of goods and paythere were more debts comments of services and repaid primary inpared tothe theBSP amount come,” said, borrowed however. during“It theisperiod. also about 6.7 times the Meanwhile, gross external foreign debt borcountry’s short-term rowings in the same period also based on original maturity and 4 contracted by 9.7 percent to P518.7 times based on residual maturity,” billion from last year’s P574.4 billion. it added.

This raised On awas month onthrough month global basis, bonds (P146.17 billion), program BSP said, the GIR level improved loanspercent.

(P139.98This billion), euro-de1.15 improvement, nominated bonds (P121.97 billion), the BSP said, was attributed to the aNational project loan (P86.41 billion), Government’s (NG) and net yen-denominated samurai bonds foreign currency deposits with the (P24.19 billion).

BSP. Seedeposits “Borrowings,” A2 These included proceeds from its issuance of ROP Global Bonds, and upward valuation adjustments in foreign currency-denominated reserves or non-gold reserves.

“The level of GIR, as of a particular period, is considered adequate, if it provides at least 100-percent cover for the payment of the country’s foreign liabilities, public and private, falling due within the immediate 12-month period,” BSP explained.

PESO EXCHANGE RATES

reenacted budget in ‘23

By Samuel P. Medenilla @sam_medenilla

IS

NTER NATIONA L concerns over the possible spread ENATORS are keen on of the more infectious Omicron wrapping up the final Covid-19version variantofprompted next year’sthe government to reimpose P5.268-trillion nationalmandatory budget facility-based quarantine for all to avert government operating arriving passengers2022 in the country. under a reenacted budget on Acting JanuaryPresidential 1, 2023. spokesperson“We Karlo B. Nogralesto announced are planning sponsor on Sunday that the Inter-Agency the [new] budget tomorrow, Task Force 8, foratthe Management November 3 p.m.,” Senate of Emerging Infectious Diseases President Juan Miguel Zubiri (IATF) suspended the implemensaid Monday. tation of its partly Resolution No. 150Speaking in Filipino, A (s.2021), effectively imposing the Senate leader explained stricter protocols for we’ll all inbound to reporters, “What do travelers. is, there’ll be a sponsorship To note, IATFJuan Resolution 150speech

by Sen. Edgardo A had allowed fully vaccinated Angara as the chairman of the PEOPLE walk past the mural of Gat Andres Bonifacio at Manila City Hall Underpass. non-visa travelers from Green Committee on Finance, and List The country will celebrate the 158th birth anniversary of Filipino revolutionary areas to enter the country withthen we will proceed with the hero Gat Andres Bonifacio on Tuesday, November 30. ROY DOMINGO out the need for facility-based plenary debates on the 9th, quarantine 10th, 11th.”as long as they secure negative Senate Reverse PresidentTranscriptionZubiri said Polymerase Reaction the senators Chain will then suspend(RTPCR) test within 72 hours prior session on November 8, “which to their departure. is tradition every time there’s a “Except for countries Jasper Emmanuel Y.frantic Arcalas dating registry the to continuing them.the This allows everyone to seea wholeprograms as President Duterte VAX,By BABY, VAX Despite the calls for anti-Covid jabs,its there’s an evenfollowing greater urgency immunization program against slew of childhood diseases for which vaccines budget deliberation, and classified then, as ‘Red,’ the testing and quarantine @jearcalas enactment of the Coconut Farmwho are listed in the registry and if is expected to sign the industry we’ll come to work every 10 have been tested and used for decades. The Department of Health has tied up with local governments to encourage immunization against Vaccine-Preventable Diseases (VPDs) such as polio, measles, protocols for all inbound internaand Industry TrustImmunization Fund law. in Taguig farmer doesn’tVax-Baby-Vax, see his name then he development planinfants in early 2022. o’clock in the morning, until it’s mumps, rubella, diphtheria, and hepatitis B. The 10-dayers Intensive Routine Catch-up City, dubbed aims to immunize the remaining 137,048 ages 0-23 tional travelers in allweek, ports the of entry ORE 3 million Rosalescrippling, explained thatfatal, about shallwas coordinate with theMayor PCALani im-Cayetano; Dr. Rosales said the PCAHealth will Officer not finished, until next months old who are yet tothan get protection against these sometimes sometimes VPDs. The event witnessed by Taguig Robert Kezaala, Medical shall comply with the testing and coconut farmers andGloria Balboa 500,000 coconut and Development. mediately,” he explained at a recent stop updating its list of coconut NONIE REYES 18th.” of the World Health Organization; and Director of the Metro Manilafarmers Center for Health quarantine protocols for our ‘Yellow’ workers are now regisworkers were added to the PCA’s dialogue with coconut farmers. farmers and enjoined them to regHe added: “So, that’s list countries,” Nograles said, citing tered with the government’s reg2018 list that had about 2.5 million “On the other hand, if people ister in order to reap the benefits schedule natin. We start the the provision of IATF Resolution istry, which serves as the basis coconut farmers and farm workers. would see names on the list and of the decades-long idled coconut plenary sponsorship on the No. 151-A. for the number of people to be The PCA’s next step is to conthey think they are not coconut levy fund. “We will not stop at 3.1 8th, on the 9th we start the He noted Hong which has covered by the utilization of the duct an exclusion-inclusion profarmers or their details are incormillion. We hope that more indidebates.

Wala na Kong, po tayong confirmed a case of the P75-billion coconut levy fund. cedure by making the updated rect, they can report it to the PCA viduals will register in our coconut session ‘yan, it’s all goingOmicron to

By Ma. Stella F. Arnaldo to travel to Coronaction,” island as “a infarmers order to heal and including world’s largestprovidsolarvariant, will also fall underso the YelPhilippine Coconut Authority farmers’ the registry public, for immediate hewell, added. registry,” he rejuvenate; said. be budget deliberations, @akosistellaBM ferryThe ridePCA away…[and] to some cultural powered off-grid mall.” to lowa.m. list countries.

(PCA) Deputy Administrator Roel ing everyone theshopping opportunity officialhome noted that The hotspots updatingthat of are theplagued coconut 10 to sawa, every day, Special to the BusinessMirror But the it noted that thelist, provspectacular wreckof dives Asia.”list with overcrowding resource The suspension of the M. Rosales said about 3.11 million check veracity of the Rothe completion the in initial farmers registry isand mandated by from November 9 to 11, rules and for ince’s charms were away from depletion; and locations around the “Green List” countries will coconut farmers and farm worksales added. of coconut farmers registry would Republic Act (RA) 11524 or the then back again [on] 14, 15,be 16in HE popular Fodor’s Travel ‘No List’ the city sun as “dreamy powdery world immediately and dramatieffect from November 28, 2021 to ers have been registered with the “The list will be posted in public be just in time for the expected Coconut Industry Trust Fund Act. hanggang 18.”

Guide has put Palawan on its OTHER Asian sites on Fodor’s beaches, lagoons, and swathes cally impacted by water crises.”

December 15, 2021. government since it started upspaces where people can easily see rollout of coconut levy-funded See “3-M farmers,” A2 The target is to approve the “Go List” in Asia for 2023, deOn the list are: France’s Cliffs Go List include: Ayutthaya, Thaiof jungle. And underneath the on A2 budget onContinued second and third scribing the province as “The very and Calanques; Lake Tahoe; Antland; Bangladesh; Ho Chi Minh waves lie some of the best diving reading on November 21, or definition of eco-luxury, [and] one arctica; Venice and Amalfi Coast; City; Madhya Pradesh, India; and and snorkeling locations on the 23 BSP at(November the latest.

As the Philippines’ Cornwall, Phan Don, Laos.

Fodor’s is planet, where n USof50.4600 n JAPAN most 0.4374magical n UK 67.2329 n HK 6.4722underwater n CHINAcoral 7.9013 n SiSINGAPORE 36.8968 n Travel AUSTRALIA 36.2807 nEngland; EU 56.5758Amsterdam; n SAUDI ARABIANovember 13.4531 Source: 26, 2021) islands where underwater worlds soon as the Senate approves its Maya Bay, Phi Phi Leh, and Koh an 80-year-old travel guide based in cities teem with life.” meet lush jungles.”

Fodor also cites the Puerto Ta Island, in Thailand; Maui; along Los Angeles. It’s the first time since version of the budget, it will Fodor cited Palawan’s capital Princesa Subterranean River, a with the Southern European Wa2019 that the company published promptly form a bicameral panel Puerto Princesa as “the first carbonUnesco World Heritage Site “and tershed, where climate change an international Go List. tasked to reconcile differing neutral city in South East Asia and Fodor’s Travel also issued a “No the longest navigable underground has resulted in low water levels provisions in the Senate- and is still one of the only few in the reList” for 2023, “which encourages river on Earth at 8.2 kilometers,” affecting Malaga and Greece; and House-approved versions of the gion. Not only that, but it is, in fact, travelers to reexamine the impacts as a must-visit. “Small boats take the American West, where years of annual money measure. carbon-negative. Known as ‘The of tourism and reevaluate where to visitors along the river into the drought have brought down water “And then the week after, City in the Forest,’ Puerto Princspend valuable dollars and time…. heart of the mountain through the reservoirs affecting Arizona, Nebicam, and hopefully, we can esa is surrounded by dense trees, [These are categorized as] natural cathedral-like cave system.” vada, California, Utah. pass it and ratify it before the See “Fodor’s travel,” A2 and much of it is solar-powered, Likewise, it recommends visitors attractions that could use a break 30th.”

OVER 3-M FARMERS LISTED FOR P75-B COCO LEVY FUND

M

FODOR’S TRAVEL NAMES PALAWAN ON GO LIST FOR ‘23

T

See “GIR,” A2

PESO EXCHANGE RATES n US 58.6220

See “Senate,” A2

n JAPAN 0.3982 n UK 66.3015 n HK 7.4681 n CHINA 8.1502 n SINGAPORE 41.7744 n AUSTRALIA 37.6119 n EU 58.0827 n KOREA 0.0418 n SAUDI ARABIA 15.6013

Source: BSP (November 7, 2022)

News

BusinessMirror

A2 Tuesday, November 8, 2022

DTI chief to e-commerce bloc: Let’s cut poverty rate

T

RADE Secretary Alfredo E. Pascual is asking e-commerce players to help government achieve its target of cutting poverty rate to 9 percent.

“I hope that there will be productive dialogues in these areas because we urgently need to develop and improve our policies to create an enabling regulatory environment for e-commerce to grow.

With the brightest legal minds of the country gathered here today, let me make a humble request and professional challenge for all of us: Let these policy dialogues be united by one purpose—better lives for all Filipino families, with a target of a 9 percent poverty rate within six years,” Pascual said at the recent eCommerce Congress.

The Department of Trade and Industry (DTI), in partnership with the Philippine Bar Association, held the 1st eCommerce Congress at the Philippine International

Convention Center.

DTI gathered government officials, members of the business sector, civil society organizations, and other stakeholders to pursue the “overarching goal” of strengthening the e-commerce industry in the country.

Citing Google Temasek Bain’s e-Conomy SEA 2022 report, the DTI said the Philippines’s internet economy continues its upward trend at 20 percent year-over-year to reach $20 billion this year, with e-commerce propelling it to $35 billion by 2025.

According to DTI, the number of businesses on retail sales via the internet has increased, even as there has also been an increase in the number of consumer com-

plaints against online sellers.

In fact, DTI Assistant Secretary for Consumer Protection Group (CPG) Ann Claire C. Cabochan said in a televised interview in October that 2022 estimates show e-commerce enterprises already hitting 2 million in the country, surpassing DTI’s initial estimate of 750,000 for this year.

Cabochan stressed, however, that DTI received 21,406 complaints from consumers from January 1 to September 30,2022. The top three complaints it received involved: defective products, false advertising, and poor customer service.

With this, the DTI said, the time is “ripe” for a new, relevant and responsive eCommerce Law. “In this light, DTI deems the inputs of players in the internet economy as crucial to the efficient crafting of legislative policies that respond to the issues faced by the industry,” the DTI said in a statement.

For his part, Lazada Philippines CEO Carlos Barrera said his company will continue to support the e-commerce roadmap and the regulatory framework being established.

“We are grateful to the DTI for our long-term partnership, founded on common goals. We remain committed to supporting the eCommerce Road Map and regulatory framework being built,

and believe that together, we can help drive the growth of the digital economy in the Philippines,” Barrera said.

Trade Secretary Pascual stressed that the country has all the “economic assets” to boost e-commerce in the country.

“We have all the ingredients— the economic assets—to make this happen: a young and digital native population, a growing middle class, available and affordable technologies, and significant surpluses in the financial sector. E-commerce is one of the most potent tools and fastest routes in unlocking these economic assets toward sustained accelerated economic development,” Pascual said.

Meanwhile, the Philippine Exporters Confederation Inc. (PhilExport), in a statement, bared the prospects of the e-commerce market of Asia-Pacific.

“The Asia-Pacific e-commerce market is expected to grow with a compound annual growth rate [CAGR] of 10.24 percent during the forecast period of 2022-2027, fueled by increasing internet access, a growing middle class, and the efficient, effective, and quick distribution of goods, according to figures from Research and Markets,” the country’s umbrella organization of exporters said.

Andrea E. San Juan

Fodor’s travel...

Continued from A1

‘Resume London-Manila flights’

MEANWHILE, Filipinos in the UK appealed for the resumption of direct flights between Manila and London in their meeting with Tourism Secretary Christina Garcia Frasco over the weekend. Pioneering flag carrier Philippine Airlines stopped flying the unprofitable route in April 2022, but officially said it was due to the Ukraine-Russia conflict.

In a news statement, the Department of Tourism (DOT) said some 60 representatives of the Filipino community also urged the sustainability and security in Philippine destinations, requested for the easing the entry requirements into the Philippines, pointed out the need for clean restrooms, as well as cited scams and data privacy concerns. Frasco is in London to attend the World Travel Market from November 7 to 9.

She told the dialogue participants that the DOT is also advocating for more international flights, and has communicated this to Philippine carriers including PAL. “What I can assure you is that the effort will continue,” said Frasco, noting that PAL now has flights between Cebu and Bangkok, and between Cebu and Baguio, due to DOT’s push.

GIR...

Continued from A1

The BSP data also showed net international reserves, which refers to the difference between the BSP’s reserve assets and reserve liabilities, increased as of the end of October.

There was an increase of $1 billion to $94 billion as of end-October 2022 from the end-September 2022 level of $93 billion.

BSP reserve assets are the GIR while reserve liabilities include short-term foreign debt and credit and loans from the International Monetary Fund (IMF).

www.businessmirror.com.ph

Marcos to issue EO on reserving idle govt land for housing devt

P

RESIDENT Ferdinand “Bongbong” R. Marcos Jr. is eyeing the issuance of a new Executive Order (EO) for the implementation of the government mandate to reserve its idle lands for housing projects.

Marcos clarified that the new issuance “will not create a new regulation,” but only implement the provisions of Section 24 of Republic Act (RA) No. 11201 to identify the said idle lands.

A government land is deemed “idle” if it has been unutilized for at least 10 years and suitable for urban development.

Among the agencies which will be tasked to conduct the assessment are the Department of Human Settlements and Urban Development (DHSUD), Department of Agrarian Reform (DAR), Department of

Agriculture (DA), Department of Environment and Natural Resources (DENR), Department of the Interior and Local Government (DILG) and the Land Registration Authority (LRA).

Over 16,000 hectares of idle lands are expected to be covered by the inventory.

The issuance is expected to help DHSUD in achieving its target of building 6 million housing units by 2028.

Marcos w ill meet w ith private banks and financial institutions to secure their commitment to assist DHSUD in reaching its goal by providing financing to potential homeowners.

DHSUD proposed a P36 billion budget, which will be used as interest subsidy for its mass housing program.

Samuel P. Medenilla

LTO revokes license of truck driver in Katipunan multi-vehicle mishap

T

HE truck driver who caused a massive road accident involving several vehicles and resulted in a huge traffic jam along Katipunan Avenue in Quezon City has had his license revoked.

Aside from the revocation of his license, Land Transportation Office (LTO) has resolved to fine truck driver Franklin Caramihan to pay a P2,000-fine for Reckless Driving.

The LTO said Caramihan was found to be Driving Under the Influence of Dangerous Drugs and/or Similar Substances at the time of the incident and was also declared an Improper Person to Operate a Motor Vehicle.

Caramihan will be perpetually disqualified from securing a driver’s license and operate a motor vehicle. He is directed to surrender his driver’s license to the Intelligence and Investigation Division (IID) of the LTO. Subsequently, the registered owner and operator of the truck, Sky Dragon Steel Center Inc., was also found liable for Employing a Reckless Driver and was meted out a fine of P5,000.

To recall, Caramihan was cruising the Katipunan flyover on September 27, when he was said to have lost control of the truck he was driving.

This resulted in multiple vehicle collisions and caused physical injuries, property

damage and a traffic stoppage that lasted several hours.

LTO Chief Teofilo Guadiz III noted that while he understands the plight of truck drivers who work long hours on a daily basis, “the use of illegal drugs and similar dangerous substances in order to keep awake for the long drive is not and will never be an excuse.”

“Life is hard and earning money to support our family entails hard work where many of us are forced to spend sleepless nights, especially truck drivers who deliver goods at night or even drivers of public utility vehicles [PUVs]. However, using illegal drugs just to keep one’s self alert and awake to earn a living will never be an acceptable reason or excuse to be able to earn a living,” Guadiz said.

With the incident, the LTO chief said his office will intensify its anti-drunk and drugged driving campaign not just against delivery truck drivers, but also private and PUV drivers.

“There is clear and present danger against the driver, other drivers and pedestrians when driving under the influence of drugs and alcohol. We urge our drivers out there to take heed and stop this practice to keep our roads safe and prevent the further loss of lives and damage to property,” he added.

Lorenz S. Marasigan

Senate...

Continued from A1

Replying to questions, Zubiri said while the majority and minority have a consensus on the need for fiscal discipline—given the limited revenues and the huge requirements posed by the disaster response and continuing recovery from the pandemic—he still had to validate where Minority Leader Koko Pimentel III sourced his data about lump sums, a target for pruning as lawmakers tweak the money bill to make room for disaster response.

Asked about a P450-million lump sum allotment cited by Pimentel, Zubiri said, “I do not want to comment because I do not know where that lump sum is

found.”

He also said earlier that he will consult Angara, as Finance committee chairman, about such lump sums.

Zubiri expressed confidence the Senate-House panels tasked to wrap up a final version of the money measure can do it even by before the end of November.

At the same time, Zubiri confirmed that “under our rules, when session in ongoing, there can be no other committee hearings. That’s why [even the] Commission on Appointments [hearing] is postponed—let me get my calendar—is actually postponed up to November 22, 23, Tuesday and Wednesday.” Butch Fernandez

The Nation BusinessMirror

www.businessmirror.com.ph

PBBM to ink fertilizer import pact this week

By Samuel P. Medenilla @sam_medenilla

P

RESIDENT Ferdinand R. Marcos Jr. expected to sign a new memorandum of agreement (MOA) this week for the initial importation of 150,000 metric tons (MT) of fertilizer from China.

Malacañang said the procurement would be done through the Philippine Trade and Investment Center (PTIC), an attached agency of the Department of Trade and Industry (DTI).

PTIC President and Chief Executive Officer Emmie Liza Perez-Chiong said they would be able to reduce the price for the fertilizers from $650 per MT to $470 MT through a government-to-government arrangement.

PTIC and Department of Agriculture (DA) are now drafting the MOA for the said procurement.

In preparation for the purchase, the President ordered Finance Secretary Benjamin E. Diokno to provide the P1-billion credit line to PTIC through the Land Bank of the Philippines (LandBank).

“I will also ask LandBank to allow DA to use its idle warehouses for the stockpiling of fertilizers,” Marcos said.

The President gave the instructions during his meeting with officials of DA, DTI and PTIC on Monday to discuss how to support farmers and lower soaring food prices.

The rising price of urea, which is the commonly used fertilizers by farmers, has contributed to higher food prices.

To address this, DA, which is currently led by Marcos, has allocated another P4.1 billion to buy 2.277 million bags of fertilizers, which will be given to farmers for free.

Editor: Vittorio V. Vitug • Tuesday, November 8, 2022 A3

PNP, NBI file murder raps vs Bantag, Zulueta, others in Percy Lapid killing

By Joel R. San Juan @jrsanjuan1573

T

HE National Bureau of Investigation (NBI) and the Philippine National Police jointly on Monday filed two murder complaints before the Department of Justice (DOJ) against suspended Bureau of Corrections (BuCor) chief DirectorGeneral Gerald Bantag, his deputy security and operations officer (DSO) Ricardo Zulueta and several persons deprived of liberty (PDLs) in connection with the death of broadcaster Percival “Percy Lapid” Mabasa and middleman Jun Villamor.

Duringajoint news briefing, Justice Secretary Jesus Crispin Remulla and Department of the Interior and Local Government Secretary Benjamin “Benhur” Abalos Jr. immediately called on Bantag and Zulueta to surrender, even as the justice department assured that he would be given due process.

“So you think things over. Again, I plead to Zulueta to surrender right now,” Abalos said while asking the public to help in locating the whereabouts of the BuCor official who is believed to have gone into hiding.

“I’d like to ask Zulueta and DG Bantag to surrender and to face the charges. If they are innocent, the law will uphold them. If they’re guilty, then, they will have to face the consequences,” Remulla said.

The call for Bantag and Zulueta’s surrender also came even as the DOJ has yet to schedule a preliminary investigation on the murder complaints and no warrants of arrest have been issued against them.

“We will give him due process, he will have the right to counsel as all people are entitled to the right to

counsel,” Remulla assured.

Remulla also admitted that Bantag and Zulueta were not summoned by the investigating agencies to shed light on the two deaths, but assured that they would be given a chance to answer the charges filed against them during the preliminary investigation.

“It wasn’t necessary, all possible witnesses have been questioned and we consider this an exceptional case.

None of these people would have talked if Gen. Bantag remained as the head of the BuCor,” Remulla said.

“The fear of Gen. Bantag is just tremendous and unbelievable from the eyes of these PDLs so that we can say that we thought it best that in conducting the investigation that we let Gen. Bantag to answer the charges formally with the fiscal’s office,” Remulla said.

Major breakthrough

IN a joint statement, the NBI and the PNP said a major breakthrough in its investigation into the death of Mabasa and Villamor came after the latter’s sister surfaced and revealed his alleged dying declaration.

Villamor’s sister shared the messages she received from his brother through Facebook Messenger to investigators where he revealed the names of three prison gang leaders who should be held responsible in case of his death.

Authorities immediately secured Batang City Jail Commander Alvin Labra,HappyGo-LuckyCommanderAlfie Peñaredonda andSputnikCommander Aldrin Galicia who were mentioned by Villamor in his dying declaration.

Another suspect named by a confidential informant were also transferred to the NBI custody.

“There, they revealed all. The rel-

evant information is within the hands oftheNBIandPNP,”thestatementread.

The NBI and PNP said it was found through the investigation that both Bantag and Zulueta were behind the killing of both Mabasa and Villamor.

“The sworn statements of the PDLs show a clear and direct line of communication from the director-general [Bantag] and DSO Ricardo Zulueta to Denver Mayores who communicated with Alvin Labra who then coordinated with Aldrin Galicia who then orchestrated and executed the killing of Percy Lapid through his Gang members and his Gang members’ contacts on the outside ultimately ending with gunman Joel Escorial and his group,” the statement read.

Mayores, according to investigators, is a PDL at Ihawig Prison and Penal Farm in Palawan and is believed to be Bantag’s trusted aide.

The NBI and PNP said Bantag may have a clear motive to the murders.

In the case of Lapid, the two agencies pointed to Mabasa’s continued exposé of the issues against Bantag on his show “Lapid Fire” as the motive.

“This is evident from the video sent by DSO Zulueta to Denver Mayores which was later forwarded to both Alvin Labra and Aldrin Galicia,” the authorities noted.

For Jun Villamor, the NBI and PNP said the motive was to cover up the murder of Percy Lapid.

With respect to Jun Villamor, the same sworn statements of the PDLs, according to authorities, also showed “a similar clear and direct line of communication” from Bantag and Zulueta to Mayores who communicated with the gang leaders the plan to execute Villamor.

“This time, Jun Villamor was suffo-

cated to death by a plastic bag and held by his own gang members,” it added.

“This unique circumstance shows that the order came from a high official of the BuCor. One usually seeks refuge and protection from his own Gang members. The fact that they killed one of their own means and indicates that there were instructions from the top and the Gang simply had no choice but to execute,” it added.

Investigators also cited initial yet credible intelligence reports that indicate that the money trails described by the PDLs match the bank activity of those charged.

Escorial earlier revealed that the reward for the murder of Mabasa was P550,000, and based on the intelligence reports there were indeed cash deposits totaling the same amount deposited within the period of September 15, 2022 and October 7, 2022.

“In sum, all the statements given by the PDLs and gunman Joel Escorial, coupled with evidence, corroborate as to the material facts needed to prove the two counts of murder,” the statement read.

Aside from Bantag and Zulueta, who were charged as principals by inducement, also named as respondents in the murder complaint in connection with Lapid’s killing were Mayores, Labra, Galicia and Peñaredonda as principals by indispensable cooperation.

For Villamor’s murder, Bantag and Zulueta were charged as principals by inducement, while PDLs Labra, Galicia, Mario Germones Alvarez and Joseph Medel Georfo were charged as principals by indispensable cooperation and PDLs Christam Dizon Ramac, Ricky Lamigo Salgado, Ronnie Pabustan de la Cruz and Joel Alog Reyes were charged as principals by

direct participation.

House resolution on Lapid killing

THE House of Representatives on Monday condemned killing of Lapid Mabasa as it expressed grave concern for the safety and security of journalists in the country.

“Local and international journalists were outraged and deeply saddened by the killing of Mr. Percival ‘Percy Lapid’ C. Mabasa, and they considered this dastardly act as an attack to the freedom of speech and of the press that must be stopped in order to save and maintain democracy,” said House Resolution 489, which was adopted on Monday.

The House resolution was introducedbySpeakerMartinG.Romualdez, HouseMajorityLeaderandZamboanga City Rep. Manuel Jose “Mannix” M. Dalipe, House Minority Leader and 4Ps Party-list Rep. Marcelino Libanan.

Mabasa , who was known for his commentaries on his radio program Lapid fire, was gunned down in Las Piñas City on October 3.

He was born on March 14, 1959 in Tuguegarao to parents, Carmelita Lapid Carag and Marcelo “Mars” Mabasa Sr., a journalist and radio commentator who inspired Mabasa to venture into the broadcast industry.

According to the resolution, Mabasa served in the broadcast industry for four decades as a radio broadcaster and commentator; host of numerous programs in different radio channels such as DZME, DWBC, DZRM, DWIZ, DZRJ and DWBL; columnist for Hataw at JSY Publications; and one of the directors of the National Press Club of the Philippines from 2008-2010. With Jovee Marie N. Dela Cruz

A4 Tuesday, November 8, 2022 • Editor: Vittorio V. Vitug

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IRR on subsidy for poor electricity users signed

By Lorenz S. Marasigan @lorenzmarasigan

T

HE Energy Regulatory Commission (ERC), the Department of Energy (DOE), and the Department of Social Welfare and Development (DSWD) have

signed the Implementing Rules and Regulations (IRR) of Republic Act (RA) No. 11552 otherwise known as An Act Extending and Enhancing the Implementation of the Lifeline Rate.

The law ensures the fair and equitable implementation of the lifeline

subsidy among qualified marginalized electricity end-users.

“The IRR is the product of effective inter-agency collaboration to deliver better public service.

We are looking forward to its successful implementation,” ERC Chairman and CEO Monalisa Dimalanta said.

The ERC is entrusted to determine the new lifeline level, provide criteria for qualifications of a marginalized end-user to avail of lifeline discount rates and monitor compliance to the implementation of the program, among others.

DSWD Undersecretary for Spe-

cial Concerns Vilma B. Cabrera said the agency is committed to aid the energy sector in identifying the beneficiaries of the lifeline subsidy.

It shall provide the list of qualified household-beneficiaries nationwide using a standard targeting system in order to ensure a uniform and objective procedure of identifying potential beneficiaries.

The DSWD is also tasked to submit an annual list of qualified household-beneficiaries under the 4Ps Act to the DOE and ERC. “DSWD commits to assist in the implementation of the rules and regulations and identify qualified

Quezon farmers learn how to cultivate veggies amid climate change from DAR

By Jonathan L. Mayuga @jonlmayuga

T

HE Department of Agrarian Reform (DAR) continues to equip farmers with the right tool in fighting climate change.

In a news release, the DAR announced that a total of 30 agrarian reform beneficiaries from the Samahan ng Nag-iimpok na Magsasaka of Barangay Poctol (SNMP) in Pitogo, Quezon underwent training to strengthen the resilience of agrarian reform communities (ARCs) to climate change.

DAR Provincial Agrarian Reform Officer Cornelio P. Villapando said the training enabled the farmers to understand climate change impacts on their farms and how they can adapt to it.

“We also provided them with farm machines and introduced to them a sustainable vegetable production project to help them continue earning amidst the effects of climate change,” Villapando said.

The farmers were trained on Climate Change Awareness through Adaptation to Agriculture and Handson Technology Training on Vegetable Production through the Adoption of Organic Farming Technology.

Napocor seeks supplemental budget from Congress for 278 SPUG plants

The cooperative was also provided with farm machinery and equipment, a multi-tiller, a grass cutter, two power sprayers, four knapsack sprayers, water pump irrigation with a hose, and nine plastic drums.

Villapando said the farmers were oriented on the proper use and maintenance of the farm machines provided to them.

“We want them to take care of the machines so that they will benefit from it for a long time,” Villapando said.

The training was conducted under the DAR’s Climate Resiliency Farm Productivity Support (CRFPS) project.

To celebrate their graduation from the said project, the organization launched a Harvest Festival where the graduates simultaneously harvested their planted vegetables such as eggplant and chili on their demo farm.

“With the help of the DAR, the changing climate or weather is no longer an obstacle for us to grow vegetables and fruits,” said Perlinda Fombuena, one of the 30 beneficiaries of SNMP who completed the Sustainable Vegetable Production Project.

RA 11552 amended Sec 73 of Epira, extending it from a period of 20 years to 50 years, allowing marginalized electricity end-users to continue to benefit from the subsidy provided under the lifeline program.

Based on ERC records, for the first semester of this year, the lifeline program provided an average monthly subsidy of P541 million to almost 6 million marginalized electricity end-users in the entire country. The actual discounts to end-users will depend on the lifeline program per Distribution Utility approved by the ERC.

DBM chief assures devt support for Mindanao

By Manuel T. Cayon

@awimailbox Mindanao Bureau Chief

D

AVAO CITY—Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman has assured the inclusive development of Mindanao.

But the bigger aim of Pangandaman would be to promote and educate more Filipinos on financial inclusivity.

As the lone Muslim woman member in the Cabinet of President Ferdinand R. Marcos Jr.’s administration, Pangandaman said she would “champion development prog ra ms for t he Bangsamoro Autonomous Region in Muslim Mindanao [BARMM] and Mindanao in her capacity as Budget secretary.”

At the outset, she said, Pangandaman said, the DBM has extended assistance to the Bangsamoro government in its transition process.

“The DBM played a major role in helping them [BARMM] in their budgetary process because we want them to have their own government so we’re helping them in whatever way we can in terms of capacity building,” she said.

To recall, the Budget secretary attended the launch of the Public

Financial Management Competency Program or PFMCP for BARMM Middle Managers in Davao City last September, the DBM information office said.

She also spoke at the Public Financial Management Learning Session for the Bangsamoro Transition Authority Committee on Finance, Budget, and Management Parliament Members last month.

When she took office, Pangandaman vowed to modernize the budget system as one of her major goals and planned reforms in the DBM. “Aside from achieving great strides towards bureaucratic efficiency and transparency, the Budget Secretary likewise seeks to implement programs and initiatives that will educate more people about financial inclusivity that will ultimately result in uplifting the lives of the Filipino people,” the information office added.

“Many of us not [are] financially inclusive. That’s why during the time of BSP [Bangko Sentral ng Pilipinas] Governor Benjamin Diokno, we were promoting that financial inclusivity that we hoped most the people in our society would have at least a bank account or digital account,” Pangandaman said.

Do you remember the ‘purpose’ discussion?

T

HE National Power Corporation (Napocor) said on Monday it is seeking the aid of Congress to augment its 2023 budget “to ensure that it can sustain the operations” of its 278 Small Power Utilities Group (SPUG) plants across the country.

In a news statement, the stateowned power corporation said it has submitted a letter to the House Committee on Appropriations, emphasizing on its need for “supplemental budget to be included in the General Appropriations Act [GAA] for 2023 or that additional funding sources to cover the augmentation be approved this year.”

“Inclusionofourproposedspecialprovisions in the GAA would allow our Board to augment our budget if possible sources of funds become available without going backtoCongress,”saidNapocorPresident and CEO Fernando Martin Roxas.

Roxas explained that the budget request is driven largely by volatile fuel prices, which are currently priced twice asmuchthantheinitiallyavailablefunds.

Fuel accounts for almost 70 percent of the Napocor’s operational costs for both its SPUG plants and new power provider subsidies (NPPs).

He noted that there are contingency measures available for Napocor, including credit lines from Land Bank of the Philippines, immediate approval of tariff applications before the Energy Regulatory Commission (ERC) and reimbursements for the advances it made in the maintenance of the Bataan Nuclear Power Plant from 2011 to 2023 in the amount of P404 million. Lorenz Marasigan

beneficiaries,” she said.

The DOE is tasked to formulate and promulgate policy guidelines deemed necessary to ensure that the law and its IRR are being lawfully implemented.

For his part, DOE Secretary Raphael P.M. Lotilla recalled the principles behind the provision on lifeline rate subsidy under RA 9136 or the Electric Power Industry Reform Act (Epira) of 2001.

“The lifeline rate program in the Philippines is one of the best designed lifeline rate programs in the world; ours is better targeted,” he said.

B

EFORE corona and the Ukraine war, in the years that seem good to us today, it was the latest trend in management fads: companies should formulate a higher purpose for themselves.

Because employees who believe in the sense of their own actions are more motivated than those who only count down the days until retirement—an important competitive advantage.

At the moment, of course, more tangible competitive advantages are decisive for companies: Can I get cheap energy somehow? How quickly can I decarbonize my business model? And how do I get the missing parts from China to my factory?

The current crisis has also led

to interesting shifts in terms of purpose. This is shown by a yet unpublished study by the management consultancy Globeone, which specializes in the subject. More than 4,300 consumers were asked how they judge corporate brands in terms of sustainability, authenticity, honesty, profit orientation and future viability.

The result is a ranking based on the calculated “Purpose Readiness Index,” which reaches a maximum of 100 points. Above all, those companies that consumers regularly encounter in everyday life land in the top places. An example of this is the drugstore chain dm (76.5 points), which took first place—followed by the German Red Cross (75.1 points).

It is obvious that for many companies, it is no longer enough to earn money, they want a purpose.

About the power of purpose

PURPOSE is an active expression of our values and our compassion for others—it makes us want to get up in the morning and add value to the world. The Power of Purpose details a graceful, practical, and ultimately spiritual process for making it central to your life.

Why having a sense of purpose is important?

THE dictionary defines “purpose” as the reason for which something exists or is done, made or used.

Sounds pretty boring, huh? But when you break it down, it turns out, purpose is pretty important— to your physical, mental and emotional health. It’s that big.

So, what is your purpose? According to researcher William Damon, who wrote A Path to Purpose, it is “a stable and generalized intention to accomplish something that is at the same time meaningful to the self and consequential for the world beyond the self.”

In fact, that meaningful intention can help you stay focused on the things that matter most to you like family, friends, faith, career, integrity and more. It helps you prioritize your life—allowing you to walk away from certain people or activities that don’t serve your purpose. It’s a main driver to stay motivated when things get tough, so you can set and meet short- and long-term goals. And maybe most of all, it makes you feel like you are making a difference in the world.

The Purposeful: You have found something that is personally meaningful to you and that contributes to the greater good.

You’ve sustained interest over a long period of time, and you can clearly articulate your “why.”

There is no doubt in my mind that our “purpose” as businesspeople requires us to get ready for the future, including the future of wellness, the future of our digital strategy, the future of data partnerships, the future of integrity, among many other “futures.”

Let’s all contribute to be purposeful and commit to the creation of a great future!

If you have ideas regarding today’s subject, send it to me at hjschumacher59@gmail.com

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DILG chief assures due process for Bantag on Lapid murder case

By Glen Jacob Jose

I

NTERIOR and Local Government Secretary Benjamin “Benhur” Abalos Jr., on Monday assured that the rule of law shall take its course following the filing of a criminal complaint against suspended Bureau of Corrections (BuCor) chief Gerald Bantag in connection with the gunslaying of broadcaster Percival “Percy Lapid” Mabasa last month.

Abalos made remarks after Bantag reportedly declared he would rather die than rot in jail as he denied any involvement in the broadcaster’s fatal shooting.

Abalos pointed out that Bantag has all the right to answer all the accusations against him after the Philippine National Police (PNP) and the National Bureau of Investigation (NBI) filed murder raps against him for his supposed link to the murder case.

“We know that there is a process, one has the right to answer the accusation against him. Whatever the decision is, we must implement it and the NBI and PNP are there to implement the decision in this case,” Abalos told reporters when sought for a comment during a news briefing at the Department of Justice (DOJ) compound in Padre Faura, Manila.

BuCor Officer in Charge Gregorio Catapang Jr. took over as BuCor chief following President Ferdinand R. Marcos Jr.’s order to place Director General Bantag under indefinite preventive suspension following the death of Jun Villamor, an inmate who was allegedly a “middleman” contacted to hire the gunmen who killed Lapid last October 3.

Atty. Eugene Javier of the NBI said two murder charges were filed for the deaths of Mabasa and of alleged middleman Jun Villamor, a person deprived of liberty (PDL) inside the New Bilibid Prison (NBP).

Aside from Bantag, also named respondents in the complaint were Senior Superintendent Ricardo Zulueta, a BuCor official, and PDLs Denver Batungbakal Mayores, Alvin Cornista Labra, Aldrin Micosa Galicia, and Alfie Peñaredonda.

The NBI said in its timeline of events that the order to kill Lapid was coursed through six layers before it reached confessed gunman Joel Escorial.

Bantag and Zulueta were named principals by inducement while the others were principals by indispensable cooperation.

The filing of the cases came after the NBI and PNP secured persons of interests, who are mostly inmates, who provided vital information about the twin killings.

Abalos also called on Zulueta, who is now at large, turn himself to authorities.

“I’m calling out to you Zulueta.

Sumuko ka na. Just like nitong una, sumuko itong gunman because of the fear of his life. Hindi malayong mangyari sa’yo ‘to so you think things over. Again, I’m pleading to Zulueta to just surrender right now just like the gunman who surrendered. Napag isipan niya na endangered ang buhay niya and I’m asking each and every one who’s watching right now could give any information to the whereabouts of Zulueta,” said Abalos.

For his part, PNP Chief Gen. Rodolfo Azurin said Zulueta has been into hiding a few days ago while Bantag still can roam around as the arrest warrant is still in process.

“As mentioned earlier, si Mr. Zulueta he has been into hiding a few days ago pa. For Gen. Bantag naman, wala pa naman arrest warrant so I think he is still free to roam around. We just have to find his exact location po niya,” said Azurin.

The NBI and PNP are currently finding the exact of location of Zulueta and Bantag.

Red Cross provides food assistance to ‘Paeng’ victims across the country

By Claudeth Mocon-Ciriaco @claudethmc3

T

HE Philippine Red Cross’ food trucks fed more than 28,000 flood victims after the exit of severe tropical of “Paeng” from the country.

Paeng caused damage to livelihood and disrupted food and water supplies. PRC has been attending to vulnerable communities in hard-hit areas to alleviate hunger and reduce the food security concerns of affected families.

“The nutrition of people in areas hardest hit by Paeng could be affected because the access to food and safe water in typhoon-affected towns and cities is usually disrupted,” said PRC Chairman and CEO Richard J. Gordon.

“We at Philippine Red Cross [PRC] will continue boosting our efforts to address the nutrition needs of our kababayans in vulnerable situations,” Gordon added.

As of November 4, PRC has served hot meals to 28,029 individuals in cities and towns affected by Paeng: Maguindanao, Zamboanga, TawiTawi, Aklan, Negros Oriental, Negros Occidental, Iloilo, Northern Samar, Antique, Cebu, Masbate, Romblon, Palawan, Bataan, Cagayan, Camarines Norte, Camarines Sur, Batangas, Catanduanes, Laguna, Zambales, Aurora, Pangasinan, Kalinga, Quezon, Nueva Vizcaya, Marinduque, Isabela, Bulacan, Manila, Marikina, Rizal, Muntinlupa, Valenzuela, and PasigPateros. PRC also distributed 2,499 bottled water in Cagayan.

Meanwhile, Gardenia Bakeries, a long-time food donor of PRC, donated bread loaves distributed to 1,455 affected fami-

lies in Laguna and Pampanga.

During his first term as a senator in 2009, Chairman Gordon authored the Republic Act No. 9803 (RA9803) or the Food Donation Act of 2009, which aims to address the country’s growing hunger problem and bring dignity back to the most vulnerable simultaneously.

Since October 28, PRC has positioned relief assets and equipment, such as payloaders, water tankers, and food trucks to Paeng-affected communities.

PRC staff and volunteers are monitoring the affected families’ further needs for food, safe water, clothing, shelter, hygiene, sanitation, and medical and psychosocial care.

PRC in Maguindanao

THE PRC volunteers and staff also continue aid efforts in Datu Odin Sinuat (DOS), Maguindanao, which was among those hardest hit by Paeng.

Together with Australian Aid, PRC distributed sleeping kits and hygiene kits to 425 individuals in Barangay Awang.

Two plastic mats, two mosquito nets, and two blankets comprise each sleeping kit.

A hygiene kit is composed of 12 body soaps, five laundry soaps, 40 sanitary pads, five bath towels, toilet papers, toothbrushes, two toothpaste tubes, and razors.

“In every calamity, the Red Cross is there to help our fellow Filipinos for the long haul. We will be with our fellow Filipinos who have been severely affected by Tropical Cyclone Paeng until they fully recover from its effects. We are always ready to reach the farthest communities to bring them aid,” said Gordon.

Tuesday, November 8, 2022 A5

IBPAP lists ‘high trust’ workplaces in Philippine IT-BPM sector for ’23

By Andrea E. San Juan

T

HE IT and Business Process Association of the Philippines (IBPAP) said it has partnered with Great Place To Work Philippines to publish the inaugural list of Philippines’s best workplaces in the IT and Business Process Management (IT-BPM) industry for 2023.

This list, IBPAP noted, will recognize “high-trust” workplaces within the industry and “showcase why it is one of the country’s most vibrant and dynamic sectors.”

“This milestone collaboration with the global authority on workplace culture will highlight the reasons why the IT-BPM industry grew to become the Philippines’s biggest private-sector employer with 1.44 million full-time employees [FTEs] as of 2021,” the flag-

ship organization of the IT-BPM industry said in a news statement issued on Monday.

Further, it noted, the collaboration aims to bring awareness to the diverse and inclusive workplace culture within the sector, “making it a career option of choice and a source of pride and inspiration for many Filipinos.”

For its part, Antoinette Mendoza-Talosig, Managing Partner of Great Place To Work Philippines, said this partnership with IBPAP paves the way for the firm to advance its mission.

“Great Place To Work has the ambitious mission of building a better world by creating great places to work For AllTM. We are happy about this collaboration with IBPAP because it gives us the opportunity to advance our mission and to positively impact the industry that houses the biggest

number of Filipino talents, which plays a major role in the country’s growth and development,” said Mendoza-Talosig.

“We look forward to awarding the industry players and leaders who have built high-trust workplace cultures through our Best Workplaces List; an accolade acknowledged worldwide as the gold standard of recognition,” she added.

IBPAP President Jack Madrid recognized the Filipino talent, noting that it will remain as the “driving force” of expansion and growth of the sector in the Philippines.

“Together with our stakeholders, IBPAP is setting out to reinforce the IT-BPM industry’s role as an indispensable pillar of the economy through sustained job creation and foreign exchange inflows while striving towards making the Philippines a world capital in IT-BPM services,”

Filing of bill to boost tree planting lauded

By Cai U. Ordinario

@caiordinario

E

CONOMISTS have expressed their support for the tree-growing agreement bill filed in both houses of Congress to increase the country’s forest cover and mitigate disasters caused by floods and heavy rainfall.

The Foundation for Economic Freedom said the bills filed by Senators Imee Marcos and Cynthia Villar as well as Reps. Joey Salceda and Rufus Rodriguez could mitigate the negative effects of climate change.

“The proposed law will contribute to generating green jobs, providing a sustainable source of livelihood for the indigenous peoples such as the Lumads, and other rural poor upland dwellers, ensuring water and energy security, supporting the agriculture sector for food security,” the economists said. “[The bill will also contribute to] reviving the country’s forest and wood industry, boosting forest ecotourism, and effectively mitigating the adverse effects of climate change such as destructive typhoons, severe flooding, and landslides,” they added.

The core feature of the proposed bill is to treat planted trees as crops and personal property in forestlands under the law.

By treating planted trees as personal property, the state will encourage private sector investments in tree farming and plantation development on an estimated 5 million hectares of unmanaged and denuded forest lands.

If planted trees in farms and plantations are legally treated as personal property, they can be collaterized, securitized, and have agreements beyond the 50-year limitation on the exploration, development and utilization of natural resources under the Constitution.

Moreover, if planted trees are renewable, harvestable, and no longer considered part of the land, foreign funds can also be tapped for the sustainable development and management of tree farms and plantations.

“There is an urgent need, therefore, to boost the private sectors’ participation in tree farming and plantation development, and effective reforestation of the country’s degraded forest lands,” they added.

Based on Bulletin No. 7 of the Department of Agriculture, typhoon “Paeng” wrought damages amounting to P2.86 billionandaffected80,295farmersandfishers.

The typhoon caused a volume of production loss of 116,291 metric tons (MT) and 86,574 hectares of agricultural areas.

the IBPAP chief said.

“In parallel, we also want to celebrate everything that we’ve accomplished, elicit pride in those who’ve helped us reach this point, and encourage others to become part of the sector,” Madrid added.

Great Place To Work is the global authority on workplace culture. It noted that its mission is to help every place become a great place to work for all through their groundbreaking research, which it said is built on data from more than 100 million employees in 150 countries across the globe.

Based on its 2022 List, the best workplaces in the Philippines are DHL Express, Synchrony Global Services Philippines, Accenture, [24]7. ai, American Express International Philippines, Ingram Micro, RealPage, Coca-Cola Beverage Philippines, Teleperformance, and ADP.

Extortion eyed as motive in Tacurong bus bombing

T

HE Soccsksargen police has announced the creation of a special investigation task group (SITG) to fast track the investigation of an improvised explosive device (IED) attack at a passenger bus on Sunday that killed one and wounded 11 others in Tacurong City, Sultan Kudarat, the Philippine National Police (PNP) said on Monday.

PNP spokesperson Col. Jean Fajardo said Police Regional Office (PRO) 12 Director Brig. Gen. Jimili Macaraig has ordered to formation of the SITG as they already have a person of interest and the possible motive of extortion in the bombing of a Yellow Bus Line (YBL) unit in Barangay New Isabela, Tacurong.

Fajardo said that prior to the bombing incident two days ago, the management of the Yellow Bus Company received a call from an unidentified suspect extorting money from the bus company.

“According to the case conference, they already have a person of interest. They are looking at the possibility of this year’s bus bombing involving the Yellow Bus Line Company, they are looking at the possibility of extortion,” Fajardo told reporters in a news briefing on Monday at Camp Crame.

She added the SITG created for that purpose is also suspecting at least two groups operating in Mindanao area, particularly in the province of Cotabato and Sultan Kudarat.

“Because in the previous bombing incident recorded in that province, they identified that one group there, particularly the Bangsamoro Islamic Freedom Fighters whose members were involved in the previous bombings. And they are still looking at this group which is another group that might have collaborated and conspired with this group, to initiate this kind of atrocity in the region,” said Fajardo.

Glen Jacob Jose

Salceda vows to hike funding for water, sanitation to curb rise in cholera cases

By Jovee Marie N. Dela Cruz @joveemarie

A

MID reported cases of cholera in some regions of the country, the House of Representatives has vowed to increase funding for water and sanitation facilities.

House Committee on Ways and Means Chairman Joey Sarte Salceda said that the lower chamber is committed to increasing access to clean water and sanitation facilities through more water systems projects.

“We are committed to increasing funds for water and sanitation facilities. Right now, the 2023 budget has about P5.28 billion dedicated to water systems under the DPWH budget.

We will do more,” Salceda said.

On Sunday, Sen. Jinggoy Estrada pressed, through Senate Resolution 266, for a Senate inquiry into increasing reports of cholera outbreaks in various regions of the country, and cited Department of Health (DOH) data of a 282-percent rise in cases since January this year.

Salceda said the Department of Budget and Management is now considering the recommendations of members of Congress in funding programs from the Allocations to Local Government Units or ALGUs item.

“That’s P63 billion this year, and we will recommend that more water systems be funded,” the Albay lawmaker added.

Citing data from the DOH, Salce-

da said from 976 cholera cases were recorded in January to October last year, to 3,729 during the same period in 2022, saying most of the cases were from Eastern Visayas, Davao region and Caraga.

Likewise, Central Luzon, Western Visayas and Eastern Visayas have sur passed the epidemic threshold levels for cholera over the same period.

“Cholera cases are at an upsurge globally, in part due to floods caused by a changing climate. So, we are no exception. But cholera is totally avoidable—largely with clean water and proper sewage systems.

We are committed to funding more of that during the budget process,” Salceda said.

Disaster funds

SALCEDA said that water supply systems could also be funded with National Disaster Risk Reduction and Management Funds (NDRRMF).

“There is an empirical link between flooding and cholera cases.

The water supply can get adulterated by flooding,” he said.

“Water supply also tends to be quite difficult in disaster-affected areas. Certainly, access to clean water is also a disaster management measure, especially in evacuation centers,” he added.

With this, Salceda argued that a large chunk of the P31-billion NDRRMF in the 2023 budget should be spend for water systems in evacuation centers and relocation sites.

“These systems can also be used year-round by the communities around them,” he said.

“We will target having P20 billion spent for water systems from the national government’s share of the 2023 budget. From the DPWH [Department of Public Works and Highways], ALGUs, NDRRMF, and other allocations. That includes possibly increasing the P5.28 billion alloca-

tion in the DPWH for water systems.

This is an unfolding national crisis, and the budget needs to be responsive,” Salceda said.

The lawmaker also said the House Committee on Ways and Means will also work with the Committee on Appropriations to see whether “measures passed under my leadership of the committee can help fund more water facilities.”

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UN report: Climate woes bad, getting worse faster

By Seth Borenstein

S

AP Science Writer

HARM EL-SHEIKH, Egypt— Earth’s warming weather and rising seas are getting worse and doing so faster than before, the World Meteorological Organization warned Sunday in a somber note as world leaders started gathering for international climate negotiations.

“The latest State of the Global Climate report is a chronicle of climate chaos,” United Nations Secretary-General Antonio Guterres said. “We must answer the planet’s distress signal with action—ambitious, credible climate action.”

In its annual state of the climate report, the United Nations’ weather agency said that sea level rise in the past decade was double what it was in the 1990s and since January 2020 has jumped at a higher rate than that. Since the decade began, seas are rising at 5 millimeters a year (.2 inches) compared to 2.1 millimeters (.08 inches) in the 1990s.

The last eight years have been the warmest on record, the WMO said in a report that didn’t break new ground but was a collection of recent weather trends, data and impacts in one central place.

“The melting [of ice] game we have lost and also the sea level

rate,” WMO chief Petteri Taalas told The Associated Press. “There are no positive indicators so far.”

The only reason that the globe hasn’t broken annual temperature records in the past few years is a rare three-year La Niña weather phenomenon, he said.

The data on sea level and average temperatures are nothing compared to how climate change has hit people in extreme weather. The report highlights the summer’s incredible flood in Pakistan that killed more than 1,700 people and displaced 7.9 million, a crippling four-year drought in East Africa that has more than 18 million hungry, the Yangtze River drying to its lowest level in August, and record heat-waves broiling people in Europe and China.

“This latest report from the World Meteorological Organization reads like a lab report for a critically ill patient, but in this case

WOMEN carry belongings salvaged from their flooded home after monsoon rains, in the Qambar Shahdadkot district of Sindh Province, in Pakistan on September 6, 2022. Earth’s warming weather and rising seas are getting worse and doing so faster than before, the World Meteorological Organization warned Sunday, November 6, 2022, in a somber note as world leaders started gathering for international climate negotiations in the Egyptian resort of Sharm el-Sheikh. AP/FAREED KHAN

the patient is Earth,” said climate scientist Jennifer Francis of the Woodwell Climate Research Center in Cape Cod, who wasn’t part of the report.

Levels of heat-trapping carbon dioxide, methane and nitrous oxide all reached record high levels, with potent methane increasing at a record pace, the report said.

That means more than just warming temperatures on land.

Ice, both Greenland’s ice sheet and the world’s glaciers, are shrinking precipitously, the report said. For the 26th year in a row, Greenland lost ice when all types of ice are factored in. The volume of glacier snow in Switzerland dropped by more than one-third from 2001 to 2022, the report said.

But 90 percent of the heat trapped on Earth goes into the ocean

and the upper 2000 meters (6,561 feet) of the ocean is getting warmer faster. The rate of warming the last 15 years is 67 percent faster than since 1971, the report said.

That ocean heat “will continue to warm in the future—a change which is irreversible on centennial to millennial time scales,” the report said.

Outside experts weren’t surprised by the report and said no one should be.

“What climate scientists have warned about for decades is upon us. And will continue to worsen without action,’’ said University of Georgia meteorology professor Marshall Shepherd. “Two things must go away: Climate delayism and speaking about climate change impacts in the future tense. It’s here.”

At global summits, Biden aims to assert America’s leadership

By Zeke Miller & Seung Min Kim The Associated Press

W

ASHINGTON—President Joe Biden will aim to assert America’s global leadership during his upcoming trip to Southeast Asia that will be shadowed by a verdict on his presidency after Tuesday’s elections.

The foreign policy challenges that have helped define Biden’s first two years in office—Russia’s invasion of Ukraine and the increasing influence of China—will be on full display at a pair of summits in the region.

Biden is preparing for a potential one-on-one meeting with a newly empowered Xi Jinping, who last month won an custom-shattering third term as China’s Community Party leader.

Biden will also be confronted by global economic challenges at the Group of 20 summit, an annual gathering of leaders from the world’s largest economies. He also will try to assure the nearly dozen countries that are part of the Association of Southeast Asian Nations that the United States is invested in the region at a time when China is also stepping up its influence.

The Asean summit is in Phnom Penh, Cambodia. Bali, Indonesia, is the site of the G-20 summit.

Before that, Biden will stop in Sharm elSheikh, Egypt, at the U.N. climate conference, known as COP27. Unlike last year’s conference in Glasgow, Scotland, the president will arrive at this year’s gathering able to point to significant achievements at home, with the August signing of legislation that will deliver the biggest investment in US history to battle climate change.

A look at major themes that will dominate Biden’s seven-day trip. The first stop is in Egypt on Friday.

Keeping the pressure on Russia

MORE than eight months into Russia’s invasion of Ukraine, Biden is facing new challenges in his efforts to isolate Moscow.

Elevated energy and food prices, and concerns in Europe about supplies of those

vital commodities heading into the winter are testing global resolve to support Ukraine’s defense and punish Russia’s aggression.

At the G-20 summit, Biden will have his first opportunities to meet with two critical new partners in that effort: British Prime Minister Rishi Sunak and Italian Premier Giorgia Meloni.

Sunak, who took office last month after the disastrously short tenure of Liz Truss, has promised to continue his conservative predecessors’ steadfast support for Ukraine.

He and Biden are set to strategize on new ways to bolster Ukraine’s defenses for the long haul.

Meloni has pledged to continue to provide arms and aid for Ukraine, but questions remain over her far-right coalition’s commitment to stand up to Russia.

Russian President Vladimir Putin has not made public whether he plans to participate in the summit. Biden has said he has no plans to meet with Putin, but left the door open to a conversation if Putin wants to discuss a deal to free Americans imprisoned in Russia.

Biden administration officials have been coordinating with global counterparts to isolate Putin if he does decide to participate either in person, or virtually. They have discussed boycotts or other displays of condemnation.

Navigating the autocrats

BIDEN has spoken of a global struggle between autocracies and democracies. But increasingly he is having to rely on lessdemocratic leaders to further US interests, from Egypt’s Abdel Fattah El-Sisi, who is hosting the climate conference, to Indian Prime Minister Narendra Modi, who has resisted US pleas to curtail purchases of Russian oil.

Biden used his remarks at the United Nations in September to emphasize that the US was willing to work with all nations—no matter their systems of government—to effect change.

“The United Nations Charter was not only signed by democracies of the world,

it was negotiated among citizens of dozens of nations with vastly different histories and ideologies, united in their commitment to work for peace,” Biden said at the time.

The administration says Biden has no plans to meet with Saudi Arabia’s Crown Prince Mohammed bin Salman, after the Opec+ cartel embarrassed Biden by cutting production months after his July meeting with the crown prince. Biden has blasted the move as indicating that Saudi Arabia was siding with Russia.

Domestic politics

AMERICAN voters on Tuesday will deliver a verdict on Biden’s governance and two years of Democratic control of Washington. It’s not clear how quickly control of the House and Senate will be known after Election Day. The White House has persistently sought to frame the midterms as a choice between dueling visions for the nation, rather than a referendum on Biden’s time in office.

Democrats are privately bracing to lose control of at least the House. A slew of Senate races that could tip power in the 50-50 chamber are considered toss-ups.

Depending on the results, Biden could embark on his overseas trip significantly weakened politically.

The most acute impact abroad from Tuesday’s results in the United States could be the future of assistance to Ukraine.

Though backing for aid has been broadly bipartisan, conservatives have increasingly voiced skepticism about the wisdom of continued support, as has California Rep. Kevin McCarthy, the Republican leader who is poised to become House speaker should Republicans win that chamber.

Still, some observers believed the midterm outcome, no matter the judgment, would have no significant impact on Biden’s maneuvering overseas.

“These issues tend to transcend politics,” said Ash Jain of the Atlantic Council, pointing to congressional support for Ukraine and bolstering US competition with China.

“Biden’s discussions with leaders on these

issues will largely be unaffected by the outcome of the election.”

A meeting with Xi?

US and Chinese officials are working out the logistics of such a meeting between the two leaders, which would be the first such in person during Biden’s presidency. It could come at time when Biden may have been politically punished

by US voters while Xi consolidated his power during the Communist Party congress that concluded last month.

If a meeting happens, there will be no shortage of topics for Biden to raise with China, which the US government now says is its most potent military and economic rival.

Tensions have been rising between the two nations over Taiwan, particularly after House Speaker Nancy Pelosi’s visit in August to the self-governing island and Biden’s repeated remarks that the US would militarily defend Taiwan if attacked by China—comments his aides have repeatedly walked back.

The matter of Trump-era trade penalties on Chinese goods also remains on the table.

Biden is also likely to raise the issue of human rights abuses, particularly against the Uyghurs and other mostly Muslim minorities in the Xinjiang region. China has also refrained from publicly taking Russia to task over Ukraine, although Putin said Xi privately relayed “concern and questions” about the invasion when the two met in Uzbekistan in September.

John Kirby, a spokesman for the National Security Council, stressed on Friday that the US government has never asked other countries to effectively choose between it and China, acknowledging that every nation can build relationships based on its own interests.

But “it’s not going to change the fact that we continue to want to make sure we’re in the best position we can to compete strategically with China and to confront the threats and challenges that China very physically, very tangibly represents—particularly in the Indo-Pacific region,” Kirby added.

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Tuesday, November 8, 2022

A9

North Korea: Missile tests were practice to attack South and US

By Hyung-Jin Kim

A MAN sits in a caffe during a blackout in Kyiv, Ukraine, on Friday, November 4, 2022. AP/ANDREW KRAVCHENKO

Kyiv prepares for a winter with no heat, water or power

By Sam Mednick

The Associated Press

K

YIV, Ukraine—The mayor of Kyiv, Ukraine’s capital, is warning residents that they must prepare for the worst this winter if Russia keeps striking the country’s energy infrastructure—and that means having no electricity, water or heat in the freezing cold cannot be ruled out.

“We are doing everything to avoid this. But let’s be frank, our enemies are doing everything for the city to be without heat, without electricity, without water supply, in general, so we all die. And the future of the country and the future of each of us depends on how prepared we are for different situations,” Mayor Vitali Klitschko told state media.

Ukrainian President Volodymyr Zelenskyy said in his nightly video address to the nation Sunday that about 4.5 million people were without electricity.

He called on Ukrainians to endure the hardships and “we must get through this winter and be even stronger in the spring than now.”

Russia has focused on striking Ukraine’s energy infrastructure over the last month, causing power shortages and rolling outages across the country.

Kyiv was having hourly rotating blackouts Sunday in parts of the city and the surrounding region.

Rolling blackouts also were planned in the Chernihiv, Cherkasy, Zhytomyr, Sumy, Kharkiv and Poltava regions, Ukraine’s state-owned energy operator, Ukrenergo, said.

Kyiv plans to deploy about 1,000 heating points, but it’s unclear if that would be enough for a city of 3 million people.

As Russia intensifies its attacks on the capital, Ukrainian forces are pushing forward in the south. Residents of Ukraine’s Russian-occupied city of Kherson received warning messages on their phones urging them to evacuate as soon as possible, Ukraine’s military said Sunday. Russian soldiers warned civilians that Ukraine’s army was preparing for a massive attack and told people to leave for the city’s right bank immediately.

Russian forces are preparing for a Ukrainian counteroffensive to seize back the southern city of Kherson, which was captured during the early days of the invasion. In September, Russia illegally annexed Kherson as well as three other regions and subsequently declared martial law in the four provinces.

The Kremlin-installed administration in Kherson already has moved tens of thousands of civilians out of the city.

Russia has been “occupying and evacuating” Kherson simultaneously, trying to convince Ukrainians that they’re leaving when in fact they’re digging in, Nataliya Humenyuk, a spokeswoman for Ukraine’s Southern Forces, told state television.

“There are defense units that have dug in there quite powerfully, a certain amount of equipment has been left, firing positions have been set up,” she said.

Russian forces are also digging in in a fiercely contested region in the east, worsening the already tough conditions for residents and the defending Ukrainian army following Moscow’s illegal annexation and declaration of martial law in Donetsk province.

The attacks have almost completely destroyed the power plants that serve the city of Bakhmut and the nearby town of Soledar, said Pavlo Kyrylenko, the region’s Ukrainian governor, said. Shelling killed one civilian and wounded three, he reported late Saturday.

“The destruction is daily, if not hourly,” Kyrylenko told state television.

Moscow-backed separatists have controlled part of Donetsk for nearly eight years before Russia invaded Ukraine in late February. Protecting the separatists’ self-proclaimed republic there was one of Russian President Vladimir Putin’s justifications for the invasion, and his troops have spent months trying to capture the entire province.

Between Saturday and Sunday, Russia’s launched four missiles and 19 airstrikes hitting more than 35 villages in nine regions, from Chernihiv and Kharkiv in the northeast to Kherson and Mykolaiv in the south, according to Zelenskyy’s office. The strikes killed two people and wounded six.

In the Donetsk city of Bakhmut, 15,000 remaining residents were living under daily shelling and without water or power, according to local media. The city has been under attack for months, but the bombardment picked up after Russian forces experienced setbacks during Ukrainian counteroffensives in the Kharkiv and Kherson regions.

The front line is now on Bakhmut’s outskirts, where mercenaries from the Wagner Group, a shadowy Russian military company, are reported to be leading the charge.

Yevgeny Prigozhin, founder of the group who has typically remained under the radar, is taking a more visible role in the war. In a statement Sunday he announced the funding and creation of “militia training centers” in Russia’s Belgorod and Kursk regions in the southwest, saying that locals were best placed to “fight against sabotage” on Russian soil. The training centers are in addition to a military technology center the group said it was opening in St. Petersburg.

In Kharkiv, officials were working to identify bodies found in mass graves after the Russians withdrew, Dmytro Chubenko, a spokesperson for the regional prosecutor’s office, told local media.

DNA samples have been collected from 450 bodies discovered in a mass grave in the city of Izium, but the samples need to be matched with relatives and so far only 80 people have participated, he said.

In one sliver of good news, the Zaporizhzhia Nuclear Power Plant was reconnected to Ukraine’s power grid, local media reported Sunday. Europe’s largest nuclear plant needs electricity to maintain vital cooling systems, but it had been running on emergency diesel generators since Russian shelling severed its outside connections.

S

The Associated Press

EOUL, South Korea—North Korea’s military said Monday its recent barrage of missile tests were practices to “mercilessly” strike key South Korean and US targets such as air bases and operation command systems with a variety of missiles that are likely nuclear-capable.

The North ’s announcement underscored leader Kim Jong Un’s determination not to back down in the face of his rivals’ push to expand their military exercises. But some experts say Kim also eventually wants to use their drills as an excuse to modernize his nuclear arsenal and increase his leverage in future dealings with Washington and Seoul.

North Korea fired dozens of missiles and flew warplanes toward the sea last week—triggering evacuation alerts in some South Korean and Japanese areas—in protest of massive US-South Korean air force drills that the North views as an invasion rehearsal.

US and South Korean officials responded they would further enhance their joint training events and warned the North that the use of nuclear weapons would result in the end of Kim’s regime. “ T he recent corresponding military operations by the Korean People’s Army are a clear answer of [North Korea] that the more persistently the enemies’ provocative military moves continue, the more thoroughly and mercilessly the KPA will counter them,” the General Staff of North Korea’s military said in a statement carried by state media.

It said the weapons tests involved ballistic missiles loaded with dispersion warheads and underground infiltration warheads meant to launch strikes on enemy air bases; ground-to-air missiles designed to “annihilate” enemy aircraft at different altitudes and distances; and strategic cruise

missiles that fell in international waters about 80 kilometers (50 miles) off South Korea’s southeastern costal city of Ulsan.

The North’s military said it carried out an important test of a ballistic missile with a special functional warhead missioned with “paralyzing the operation command system of the enemy.” It said it also launched super-large, multiple-launch missiles and tactical ballistic missiles.

It didn’t explicitly mention a reported launch Thursday of an intercontinental ballistic missile aimed at hitting the US mainland.

Almost all other North Korean missiles launched last week were likely short-range, many of them nuclear-capable weapons. They place key military targets in South Korea, including US military bases there, within striking range.

“The KPA General Staff once again clarifies that it will continue to correspond with all the anti[North Korea] war drills of the enemy with the sustained, resolute and overwhelming practical military measures,” it said.

Later Monday, South Korea’s military disputed some of the North’s accounts of its missile tests. Spokesperson Kim Jun-rak said South Korea didn’t detect the North’s cruise missile launches and that it’s also notable that North Korea didn’t mention what Seoul assessed as an abnormal flight by an ICBM. This year’s “Vigilant Storm” air force drills between the United States and South Korea were the largest-ever for the annual fall

THIS combination of photos provided by the North Korean government shows what they say are military operations held from November 2 to 5, 2022, in North Korea. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified.

Korean language watermark on image as provided by source reads: “KCNA” which is the abbreviation for Korean Central News Agency. KOREAN CENTRAL NEWS AGENCY/KOREA NEWS SERVICE VIA AP

maneuvers. The drills involved 240 warplanes including advanced F-35 fighter jets from both countries. The allies were initially supposed to run the drills for five days ending on Friday, but extended the training by another day in reaction to the North’s missile tests.

On Saturday, the final day of the air force exercises, the United States flew two B-1B supersonic bombers over South Korea in a display of strength against North Korea, the aircraft’s first such flyover since December 2017.

South Korea’s Joint Chiefs of Staff said the participation of the B-1Bs in the joint drills demonstrated the allies’ readiness to “sternly respond” to North Korean provocations and the US commitment to defend its ally with the full range of its military capabilities, including nuclear.

After their annual meeting Thursday in Washington, US Defense Secretary Lloyd Austin and South Korean Defense Minister Lee Jong-Sup issued a joint statement strongly condemning the North’s launches and carrying Austin’s warning that any nuclear attacks against the United States or its allies and partners “is unacceptable and will result in the end of the Kim regime.” South Korea’s military has previously warned the North that using its nuclear weapons would put it on a “path of self-destruction.”

Dubai fire scorches high-rise near world’s tallest building

D

UBAI, United Arab Emirates—A fire broke out early Monday morning at a 35-story high-rise building in Dubai near the Burj Khalifa, the world’s tallest building.

It wasn’t immediately clear if there were any injuries in the blaze at the apartment building, which had been extinguished by the time an Associated Press journalist reached the site.

Black char marks from the blaze could be seen stretching up the building that’s part of a series of towers called 8 Boulevard Walk by Emaar, the statebacked developer in the emirate.

Dubai police and civil defense did not immediately acknowledge the blaze. Emaar did not immediately respond to a request for comment, nor did the city-state’s Dubai Media Office.

A series of fires in tall buildings in skyscraper-studded Dubai in recent years has re-

INVESTIGATORS examine fire damage at the high-rise 8 Boulevard Walk in Dubai, United Arab Emirates on Monday, November 7, 2022. A fire broke out early Monday morning at a 35-story high-rise building in Dubai near the Burj Khalifa, the world’s tallest building. AP/JON GAMBRELL

vived questions about the safety of cladding and other materials used in the country.

On New Year’s Eve in 2015, a

blaze raced through the Address Downtown, one of the most upscale hotels and residences in Dubai near the Burj Khalifa. AP

Both defense chiefs also agreed on the need to enhance combined exercises and training events to strengthen readiness against North Korean nuclear and missile threats.

Even before t he “ Vig i l a nt Storm” drills, North Korea testlaunched a slew of missiles in what it called simulated nuclear attacks on US and South Korean targets in protests of its rivals’ other sets of military exercises that involved a US aircraft for the first time in five years. In September, North Korea also adopted a new law authorizing the preemptive use of its nuclear weapons in a broad range of situations.

South Korean and US officials have steadfastly maintained their drills are defensive in nature and that they have no intentions of invading the North.

US and South Korean militaries have been expanding their regular military drills since the May inauguration of conservative South Korean President Yoon Suk Yeol, who has promised to take a tougher stance on North Korean provocations. Some of the allies’ drills had been previously downsized or canceled to support nowstalled diplomacy on North Korea’s nuclear program or to cope with the Covid-19 pandemic.

The Associated Press writer Kim Tong-hyung contributed to this report.

TWITTER FIRES MORE THAN 90% OF STAFF IN INDIA

By Sankalp Phartiyal

T

WITTER Inc. fired more than 90 percent of its staff in India over the weekend—part of global reductions by new owner Elon Musk—severely depleting its engineering and product staff in a potential growth market.

The company employed just over 200 people in India, and the cuts left it with just about a dozen staff, people familiar with the matter said, asking not to be named because of the sensitivity of the matter.

India is a key growth engine for global Internet companies such as Twitter, Meta Platforms Inc. and Alphabet Inc.’s Google, which are relying on its large potential pool of new online users. Yet the companies are also facing increasingly strict content regulations aimed at reining in big tech firms in the country.

About 70 percent of the jobs cut in India were from the product and engineering team that worked on a global mandate, one of the people said. Positions were also slashed across functions including marketing, public policy and corporate communications, the people said. Globally, San Francisco, California-based Twitter reduced its headcount by about half or roughly 3,700 workers. Bloomberg News

A10 Tuesday, November 8, 2022 • Editor: Angel R. Calso

Opinion BusinessMirror

www.news.businessmirror@gmail.com

editorial

How COP27 can help reverse climate chaos

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epresentatives from around the world gathered on Sunday in the Egyptian seaside resort of Sharm el-Sheikh for the 27th United Nations Climate Change Conference, more commonly referred to as Conference of the Parties of the United Nations Framework Convention on Climate Change or COP27. Egypt said over 120 world leaders confirmed attendance to the November 6 to 18 summit, which takes place under the presidency of Egyptian Minister of Foreign Affairs Sameh Shoukry.

Held annually since the first UN climate agreement in 1992, the conference serves as a forum for governments to agree on policies to limit global temperature rises and adapt to impacts associated with climate change. Apart from world leaders, more than 40,000 participants have registered for this year’s conference.

A major issue seen taking center stage in this year’s summit is the $100 billion-a-year promise made by developed nations that is already two years past its deadline. At the 2009 UN climate summit in Copenhagen, rich nations promised to channel $100 billion a year to less wealthy nations by 2020, to help them adapt to climate change and mitigate further rises in temperature.

Climate experts said the $100-billion pledge is a small amount compared with the investment required to avoid dangerous levels of climate change. They said trillions of dollars will be needed each year to meet the 2015 Paris agreement restricting global warming to “well below” 2°C, if not 1.5°C, above pre-industrial temperatures. And developing nations will need hundreds of billions of dollars annually to adapt to the warming that is already inevitable.

United Nations Secretary-General Antonio Guterres warned last week that the planet was heading toward irreversible “climate chaos” unless countries find a way to put the world back on track to cut emissions and help poor countries cope with the impacts of global warming. However, major world leaders like China’s President Xi Jinping and India’s Prime Minister Narendra Modi are reportedly not attending the summit, casting doubt on whether the talks in Egypt could result in any major deals to cut emissions without two of the world’s biggest polluters.

Headed by DENR Secretary Ma. Antonia “Toni” Yulo-Loyzaga, the Philippine delegation to COP27 include representatives and negotiators from the House of Representatives, Climate Change Commission, Department of Finance, Department of Foreign Affairs, Department of Agriculture and Department of Energy, as well as advisers from scientific and civil society organizations. Yulo-Loyzaga said the Philippines will reiterate our “call for bolder climate action and demand the delivery of what is due for the developing countries that hardly produce any greenhouse gas emissions, yet they suffer the most and continue to bear the brunt of the adverse impacts of climate change.”

“As developing countries need resources for climate adaptation, the Philippine delegation will call on developed countries to step up to these obligations and deliver without delay on their commitments on climate finance, technology transfer and capacity building,” Yulo-Loyzaga said.

As government leaders meet in Egypt for the 2022 UN Climate Change Conference, the phrase “loss and damage” is expected to be the main subject of discussion. This refers to the costs, both economic and physical, that developing countries are facing from climate change impacts that are getting worse. Many of the world’s most climate-vulnerable countries have done little to cause global warming, yet they are experiencing extreme heat waves, super typhoons, floods and other climate-related disasters. Developing countries want rich nations—historically the biggest sources of greenhouse gas emissions—to pay for the harm.

Countries that are most vulnerable to climate change, including the Philippines, are hoping that the ongoing COP27 in Egypt will finally develop an urgent plan to assist millions of people suffering the ravages of extreme weather.

Now is the time for rich countries to seriously start thinking about loss and damage in a meaningful way that does not get lost in political rhetoric.

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High interest rates and robust growth: A delicate balance

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Increased interest rates have the effect of discouraging people from borrowing and encouraging them to place their money in the bank in the hopes of accruing a bigger interest. So far, this is not happening based on the 13.4-percent bank loan growth in September. Consumer spending and business expansion continue to drive the general economy.

Our economic officials are capably managing rising inflation stemming from high food and oil prices, and now the depreciating peso. What we have is a team of competent and experienced managers who are on top of the situation and who have the means to put it under control, despite the impact of Russia’s invasion of Ukraine, the Covid-19 lockdown in China and the aggressive interest rate hikes in the United States.

While the challenges seem relentless in the past three years, our economy is actually on track to attain a gross domestic product growth of at least 6 percent this year, with the easing of mobility restrictions.

Inflation remains a concern, but it is largely due to global price pressures caused by the geopolitical tension in eastern Europe and the US Federal Reserve’s decision to dramatically bump up its interest rate from near zero at the outset of the pandemic to as much as 4 percent this month, which effectively pushed investors to seek the US dollar as a safe haven.

The inflation rate in October hit 7.7 percent, the highest in 14 years,

peso has been trading at 58 to 59 per dollar in recent weeks, and it seems the central bank will not allow it to breach the 60-to-a-dollar mark to show it is on top of the volatility.

BSP Governor Felipe M. Medalla himself underscored the need to smoothen FX movements and reduce the instability as he reiterated the bank’s unwavering commitment to use the tools at its disposal to stabilize the exchange rate. “This underscores the importance of a credible central bank,” he was quoted as saying last week.

The statement is a clear signal to the market that the BSP, which had more than $93 billion in gross international reserves as of September 2022, will do its mandate to achieve financial and price stability. The BSP could tap other financial resources such as remittances from overseas Filipino workers, business process outsourcing receipts and foreign direct investments to guide the foreign exchange rate.

Another tool at its disposal is the interest rate adjustment that it could decide during the next Monetary Board meeting this month. To communicate the BSP’s intention, Gov-

For comments, send e-mail to mbv_secretariat@vistaland.com.ph or visit www.mannyvillar.com.ph

tion, that makes one wonder if they were all looking at the same country.

The actual inflation number was 7.7 percent.

Also interesting is that nobody asked the “6.8 percent person” “How could you be so inaccurate?” At least when Mr. A is accused of having an affair with Ms. B, there is a follow up. The New York Times newspaper predicted the day before the 2016 US presidential election that Hillary Clinton had a 91 percent chance of being elected.

Even months after the results, and hundreds of thousands of words of analysis, the conclusion was that the polls were wrong because the respondents lied, people expected too much accuracy from the polls, and too many people changed their minds on whom to vote for as they entered the polling booth.

No one ever seemed to seriously question that maybe the polling groups were so biased in favor of

Clinton that the survey results reflected “data mining” to support that bias. Is the news about the supposedly illicit affair of Mr. A written because he plays the “male kontrabida” in his next film that needs promotion?

We live in a time of propaganda fueled by virtue signaling—publicly expressing opinions/sentiments intended to demonstrate good character and moral correctness.

During my interview on ANC Market Edge last week, I was asked about Philippine Airlines intent to invest in net-zero program with 2050 target. Every major company seems to have that magic “2050” target and there is one good reason for it. Everyone running these companies will be retired or dead by then, so it is easy to say whatever you want.

It is true that Airbus, and PAL is one of their important customers, is working on variations of a hydrogenSee “Mangun,” A11

Manny B. Villar

THE Entrepreneur

ising interest rates tend to be a precursor of an economic slowdown. A tool to curb surging inflation, higher interest rates in the long run may lead to stable prices, albeit at a cost of sacrificing growth in general. Economic managers, thus, must find the delicate balance between preserving the growth momentum and tempering rising inflation. due to increased food, transport and fuel prices, exacerbated by the peso depreciation against the US dollar. Generally, a weak peso makes prices of imported products like oil more expensive.

Despite external headwinds such as rising interest rates and higher commodity prices, no less than Fitch Ratings, one of the major international credit rating agencies, affirmed the Philippines’s investment grade score of ‘BBB’ last week, while predicting that the economy would grow 6.8 percent this year.

Fitch also acknowledged the credibility of the BSP’s inflationtargeting framework, after the central bank adjusted its policy rate by 225 basis points this year to 4.25 percent. Such policy adjustment, however, has not curbed economic activities so far. Per official BSP data, bank lending grew 13.4 percent year-on-year in September, the fastest pace in 27 months.

The BSP was also an active participant in the foreign exchange market to ensure that the peso would not slip further against the greenback. The

Symbolism and reality John Mangun

OUTSIDE THE BOX

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ften the conversation about the stock market/economy is more appropriate for the show business/entertainment section of the newspaper.

I say that because much of “showbiz balita” is unimportant, or more specifically, it is “news” that is made to seem important when it actually is not. The interpersonal relationships of stars and starlets have little if any impact on their talent or performances. That information is “just for fun.” In truth, it even demeans the performer. Actors in “action movies” work incredibly hard conditioning both mind and body to participate

even in small ways to do the stunts that are well beyond normal human capabilities.

The recent Philippine inflation data was way outside the estimates of the “best and the brightest” economists and experts who are paid to forecast how the economy is performing. The 14 analysts who gave a forecast had expectations ranging from a low of 6.8 percent to a high of 7.4 percent, a huge varia-

ernor Medalla said the bank would most likely increase the overnight borrowing rate by another 75 basis points on November 17 to match the same adjustment announced by the US Fed on November 3. This would bring the benchmark policy rate in the Philippines to 5 percent.

Increased interest rates have the effect of discouraging people from borrowing and encouraging them to place their money in the bank in the hopes of accruing a bigger interest. So far, this is not happening based on the 13.4-percent bank loan growth in September. Consumer spending and business expansion continue to drive the general economy.

The BSP seems intent on maintaining the 100-basis-point differential between local and US interest rates, because a narrower gap could encourage investors to dump the peso in favor of the dollar and exacerbate the problem.

It is a delicate path that the BSP has been treading carefully. An excessive interest adjustment could spook businesses and derail economic recovery.

I believe the BSP and the economic managers of President Ferdinand Marcos Jr. will masterly guide the Philippine economy toward the transition to a high-interest rate regime spawned by the Fed’s monetary tightening cycle.

The Philippine economy is well positioned to thrive in this period because of its rapidly growing middle-income population that will keep the demand for housing, goods and services robust for a very long time.

www.news.businessmirror@gmail.com

Opinion BusinessMirror

Tuesday, November 8, 2022 A11

Why insuring Philippine OECD’s Pillar Two and the tax incentives in the PHL agriculture holds key

By Atty. Arthur C. Yap

W

hen PBBM declared a state of calamity last week due to the devastation wrought by Typhoon Paeng, it was in reaction to one of the most destructive typhoons our people had to face this year. More than 110 people had been declared dead with hundreds more missing and injured. Tens of thousands have also been displaced. Damage to infrastructure has breached more than a billion pesos with damages to agriculture and fisheries now at more than P3 billion, affecting more than 50,000 farmers.

The fact that the Philippines is one of the world’s most climate change affected countries, with an average of more than 20 tropical cyclones annually, is one of the major challenges that we face as a people on our road to food security and sustainable rural livelihoods. With the destruction brought by these seasonal visitations a regular occurrence, what chance do we really have at increasing our food inventories?

At this point in the life of an affected farmer, our national aspirations of food security are furthest from his mind. As he surveys the devastation around him, what is top of mind is saving what little possession he has.

His roof may be partially or totally destroyed, along with the flimsy walls of his home. His assets, in the form of livestock, tools and beasts of burden may have perished or lost by now. What remains of his planted crops may be too meager to save if the crops can be saved at all. This is considering that his family has not had to relocate to an evacuation center. This is an all too familiar scene that is replayed many times annually.

At the scale and regularity of these calamities, what is appropriated by the National Government Agencies (NGAs) will simply not be enough due to the national debt and the deficit.

And even if funds are sufficient, the reality is that distribution is always marred by inefficiencies due to warring political sides on the ground. Farmers are usually at the crossfires. And the reality is, even with crop insurance, payouts go through a long and painful time of settlement.

After a typhoon, it is common knowledge that the local community goes through at least a month of just cleaning up and getting back to where they were. It takes time for crop insurance adjusters to go to a site and validate losses. Upon getting to an affected site, it is impossible to evaluate the state of planting, the seeds or inputs used and other attendant losses.

Almost always, the farmer just collects a small portion of what was insured.

Not to take anything away from the Philippine Crop Insurance Corporation, which is the only entity in the country giving any level or modicum of crop insurance, the PCIC must not measure its accomplishments just on the number of pay-outs given to the most number of farmers. It must be measured on “timely” and “accurate” compensation for losses suffered by our farmers.

Unfortunately, the tools at the disposal of the PCIC to do its job are just not there at this point in time. We are still issuing crop insurance policies on the basis of long-standing indemnity contracts. No payouts for non-verifiable losses. It is time for the PCIC to move away from traditional indemnity policies and into “Parametric Insurance” for farmers. Under a Parametric Insurance Policy, farmer-policyholders are insured against the occurrence of a specific event (like a typhoon or an earthquake), and paying a set amount based on the magnitude of that event.

Here the payout is not based on actual losses.

An example is paying out to a farmer P100,000 if a typhoon of signal number three parameters or an earthquake of certain parameters happens. In this case, when “parameters” regarding magnitude, level of tremor, wind speed, precipitation, water levels are breached: a payout happens. No arguments, no adjusters, no lengthy debates. The result is an earlier and faster settlement for losses for the farmer, which he can then use to restore his home and equipment, and gets him planting again. And that is what we want: more farmers getting back to planting again, instead of falling in line for “ayuda” or seeing the neighborhood 5/6 loan shark.

Of course the parameters are all

specified in the contract and to the extent that the parameters are breached, a corresponding amount of payout is issued. A third party, usually a government agency or a weather system monitoring entity, can be tasked with providing the information regarding each calamity so that a determination of whether or not parameters have been breached can be settled. PAGASA and the SARAI system of the DOSTPCAARRD are examples of third party agents that can give on-line decisionsupport tools for crop risk and crop insurance services. The SARAI system is capable of providing weather monitoring, advisories and even plant health assessments on the basis of satellite coverage services.

There are even foreign groups today that are just waiting to see whether or not the Philippines can roll out a national parametric insurance system, before financing entities and social impact groups pump in funds for crop production and agricultural modernization straight to farmers and farmers groups. Satellite services are now much more affordable and insurance companies all over the world are using these technologies and innovations to offer better products to stakeholders.

We cannot be said to be unaware of Parametric Insurance because in 2017, under the leadership of the Bureau of the Treasury, the national government started a trial program with the World Bank. This program, which included the GSIS, was meant to provide rapid liquidity to 25 provincial LGUs in the event of typhoons and earthquakes.

From 2017 to 2019, the combined coverage for damages was in excess of P30 billion on premiums paid for by the BTr at P3 billion and insured with the GSIS. The World Bank re-insured the policies and retroceeded them in turn, to international re-insurers.

According to the World Bank Report commissioned thereafter, the loss ratio was less than 50 percent proving that even should this rise, the system would be sustainable in the coming years. What was most impressive was the payouts, which were completed in 6 weeks. We are now ready to move to phase 2 of this program. Lessons learned have been documented and scaling up to insure critical government infrastructures, including school buildings, can now follow.

With Parametric Insurance, the national budget can be protected from unprogrammed allocations brought about by calamities that visit us regularly. This is possible because “risks” are distributed not only among local players, but can even be re-insured with international re-insurance companies, as we did during our trial run with the World Bank. Moreover, payouts can be done quickly, efficiently and painlessly, avoiding political hazards during funds distribution.

We must realize that the resources are just lying around us. The Agriculture and Credit Policy Council regularly dispenses close to P2 billion in loans per year, the PCIC about P4 billion in insurance coverage, and the Agriculture Guarantee Fund Pool, a program started in 2008 that saw GOCCs set aside funds for food production, now stands at P8 billion and is now managed by PHILGUARANTEE. If these funds are just structured properly with a Parametric Insurance component, we will now invite global finance and re-insurance into funding Philippine agriculture, not just in the hundreds of millions, but in the billions of pesos.

Impoverished African states are already on Parametric Insurance and there is no reason why the Philippines cannot scale this up. This may just open the door to greater direct farmer funding in the coming years and answer the challenge to greater farm productivity.

The author was Secretary of Agriculture from 2004 to 2010, Member of Congress from 2010 to 2019, and Bohol Governor from 2019 to 2022.

Atty. Jomel N. Manaig

Tax Law for Business

I

S the Philippines ready for a looming international tax shakedown? How will we be affected? Do we even have the slightest clue of what is to come?

Base Erosion and Profit Shifting practices have been in the radar of several tax jurisdictions for quite some time now. Simply put, BEPS practices enable multinational entities (MNEs) to exploit gaps and mismatches between countries’ tax systems. Tax havens and misaligned tax incentives immediately come to mind when BEPS practices are concerned. The concern is so prevalent that the Organisation for Economic Co-operation and Development (OECD) stepped in and proposed a landmark Two-Pillar approach to address these tax challenges.

Pillar One provides market jurisdictions (i.e. jurisdictions in which consumers and users are located) a new taxing right over a portion of the residual profits of the largest and most profitable MNEs. On the other hand, Pillar Two is designed to ensure large MNEs pay a global minimum corporate tax of 15 percent on the income arising in each jurisdiction they operate.

In this column, we’ll be focusing on Pillar Two and its potential effects to the tax incentive designs in the Philippines. To simplify, Pillar Two requires MNEs to compute the effective tax rate for each jurisdic-

tion it is operating or has subsidiaries in. Once that is determined, the tax authorities having jurisdiction over the ultimate parent entity of the MNE would impose a top-up tax which is the difference between the global minimum 15 percent corporate tax and the ETR for each of the other jurisdictions it is operating or has subsidiaries in. In other words, the ultimate parent entity would be paying additional top-up tax in its home jurisdiction should it be operating on other jurisdictions that have an ETR below the global minimum 15 percent tax rate. The lower the ETR is (relative to the global minimum 15 percent tax), the larger the top-up tax would be.

If the OECD’s Pillar Two is concerned about taxing the ultimate parent entities in their home jurisdictions, should we be concerned?

The answer is a veritable yes.

Tax incentives are offered by jurisdictions, like the Philippines, to attract investments from foreign investors. While not being a tax haven, the jurisdictions offering these tax incentives more often than not include a substantially reduced income tax rate. With reference to Pillar Two, these tax incentives may

affect the ETR. For the better part of the past few years, our policymakers and lawmakers have been rationalizing our various tax incentives as part of the comprehensive tax reform program.

The culmination of this effort is the CREATE Law. Our present tax incentives retained the income tax holiday and the 5 percent special corporate income tax (SCIT). Both of these incentives essentially decrease the ETR to well below the global minimum 15 percent tax.

If an MNE is operating or has subsidiaries in the Philippines enjoying these tax incentives, their ultimate parent entity would be forced to pay an additional top-up tax in its home jurisdiction. If the ultimate parent entity would be paying the top-up tax in its home jurisdiction, then why should we be concerned?

Well, imagine if you will, the factors that an MNE consider whenever investing in a foreign country. One of these factors is the tax perk it may receive should it invest. All things being equal, the lower the taxes in a particular jurisdiction, the more attractive it is. If an MNE is forced to pay an additional top-up tax because it availed of the tax incentives of a foreign jurisdiction, then why even avail of the tax incentives? Why invest in the foreign jurisdiction if it will pay additional taxes in its home jurisdiction?

Looking at the Philippine perspective and assuming an ETR of around 5 percent (based on the 5 percent SCIT), the ultimate parents of the local subsidiaries would be forced to pay a top-up tax of around 10 percent in their home jurisdiction! The topup tax greatly reduces the attractiveness of the SCIT, and by extension,

the attractiveness of investing in the Philippines.

Another concern is the foregone tax collections. Remember that the top-up tax is paid at the home jurisdiction of the ultimate parent entity.

Pillar Two of the OECD provides for mechanisms to have the top-up taxes collected by the jurisdiction where the subsidiaries are located.

However, at least here in the Philippines, it would require legislation to impose the top-up tax. If there is no legislation, the top-up tax would go to the home jurisdiction of the ultimate parent entity.

The way Pillar Two is designed, the Philippine tax authorities may not even be aware that foreign jurisdictions (i.e. those having jurisdiction over the ultimate parent entities of the local subsidiaries) may be collecting taxes on income generated in the Philippines. Such foregone taxes could help boost our already struggling country.

Other countries, particularly the members of the OECD, are already making preliminary steps to implement Pillar Two. Although the Philippines is not a member of the OECD, it would still feel the effects of Pillar Two. The question now is when will we act to adapt to it?

The author is a junior partner of Du-Baladad and Associates Law Offices (BDB Law), a memberfirm of WTS Global.

The article is for general information only and is not intended, nor should be construed as a substitute for tax, legal or financial advice on any specific matter. Applicability of this article to any actual or particular tax or legal issue should be supported therefore by a professional study or advice. If you have any comments or questions concerning the article, you may e-mail the author at jomel.manaig@ bdblaw.com.ph or call 8403-2001 local 380.

World in crisis a grim backdrop for UN climate talks

S

By Frank Jordans & Samy Magdy | The Associated Press

HARM EL-SHEIKH, Egypt—Envoys from around the globe gathered Sunday in the Egyptian seaside resort of Sharm elSheikh for talks on tackling climate change amid a multitude of competing crises, including the war in Ukraine, high inflation, food shortages and an energy crunch.

Notching up a first small victory, negotiators agreed after two frantic days of preliminary talks to formally discuss the question of vulnerable nations receiving money for the loss and damage they’ve suffered from climate change. The issue has weighed on the talks for years, with rich nations including the United States pushing back against the idea of climate reparations.

“The fact that it has been adopted as an agenda item demonstrates progress and parties taking a mature and constructive attitude towards this,” said the UN’s top climate official, Simon Stiell.

“This is a difficult subject area. It’s been floating for 30 plus years,” he said. “I believe it bodes well.”

The decision was also welcomed by civil society groups.

“At long last, providing funding to address losses and damages from climate impacts is on the agenda of the UN climate negotiations,” said Ani Dasgupta, president of the World Resources Institute.

But he cautioned that participants “still have a marathon ahead of us before countries iron out a formal decision on this central issue.”

German climate envoy Jennifer Morgan, who led negotiations on the issue together with Chile in the run-up to the talks, said the agreement could help negotiators also

Mangun. . .

Continued from A10

fueled airliner. It may eventually become feasible but while it is “net zero carbon,” the engine can produce Nitrogen Oxide (NOx), nitric oxide (NO) and nitrogen dioxide (NO₂), which contribute to the formation of smog and acid rain, as well as affecting tropospheric ozone. But to say “net-zero” feels good.

“At long last, providing funding to address losses and damages from climate impacts is on the agenda of the UN climate negotiations,” said Ani Dasgupta, president of the World Resources Institute.

make “serious progress” on the issue of reducing emissions.

The outgoing chair of the talks, British official Alok Sharma, said countries had made considerable progress at their last meeting in Glasgow in keeping alive the goal of limiting global warming to 1.5 degrees Celsius (2.7 Fahrenheit) by the end of the century.

Experts say that chances of meeting that target, agreed in the 2015 Paris climate accord, is fast slipping away though. Already, temperatures around the world have increased by about 1.2 C (2.2 F) since pre-industrial times Sharma warned that other global crises meant international efforts to curb climate change were being “buffeted by global headwinds.” “(Russian President Vladimir) Putin’s brutal and illegal war in Ukraine has precipitated multiple global crisis, energy and food insecurity, inflationary pressures and spiraling debt,” said Sharma. “These crises have compounded existing climate vulnerabilities and the scarring effects of the pandemic.”

“As challenging as our current moment is, inaction is myopic and can only defer climate catastrophe,” said Sharma. “We must find the ability to focus on more than one thing at once.”

“How many more wake up calls does the world to world leaders actually need,” he said, citing recent

devastating floods in Pakistan and Nigeria, and historic droughts in Europe, the United States and China.

His successor, Egyptian Foreign Minister Sameh Shoukry, said Egypt would “spare no effort” to make the meeting in Sharm el-Sheikh a success and achieve the goals of the Paris accord.

In an opening speech, the chair of the Intergovernmental Panel on Climate Change, Hoesung Lee, said countries have “a once in a generation opportunity to save our planet and our livelihoods.” Cutting emissions is only part of the task, however.

Scientists and campaigners say the world also needs to do more to adapt to those effects of global warming that can’t be avoided anymore.

The head of the UN migration agency urged the international community Sunday to mobilize human and financial resources to address growing climate migration.

António Vitorino told The Associated Press that millions of people across the world “are already suffering in their daily lives because of the impacts of natural disasters and climate change.”

“We are running short of time to act,” Vitorino said. “The international community needs to mobilize the expertise, human resources but also the financial resources to come in to support those who are already

German energy company RWE is removing a wind farm to expand its existing Garzweiler coal mine in and around the small town of Lutzerathan. The Ministry of Economy of North Rhine-Westphalia said the expansion will strengthen the energy supply, which is critical for now and in the future. “If Lutzerath (wind farm) were to be preserved, the production volume required to maintain the security of supply over the next eight years could not

be achieved.”

So in Germany they are replacing a wind farm with a coal mine. OMG! “Our region is being devastated, the climate is spiraling out of control— and now the wind turbines are being dismantled for more coal. We are seeing an energy transition rollback in the middle of the climate catastrophe, it’s absurd,” said a German environmental group. However, because the wind farm was constructed more than 20 years ago, the technology is

today seriously impacted by climate change.”

Vitorino, IOM’s director general, said the world needs to double the $100 billion current funding for adaption especially in regions and communities impacted by the fastchanging climate.

“If we don’t focus on solutions for the future,” he said. “We will leave a dramatic humanitarian crisis in the future (that) will eat millions and millions of people in the world,” he said.

More than 40,000 participants have been registered for this year’s talks, reflecting the sense of urgency as major weather events around the world impact many people and cost billions of dollars in repairs. Organizers say about 110 world leaders will attend, many of them speaking at a high-level event on Nov. 7-8, while US President Joe Biden was expected to arrive later in the week.

But many top figures including China’s President Xi Jinping and Prime Minister Narendra Modi of India were not planning to come, casting doubt on whether the talks in Egypt could result in any major deals to cut emissions without two of the world’s biggest polluters.

Rights groups again criticized Egypt for restricting protests and stepping up surveillance during the summit, and highlighted the case of Alaa Abdel-Fattah, a prominent imprisoned pro-democracy activist.

Abdel-Fattah’s aunt, award-winning novelist Ahdaf Soueif, said he went into a “full hunger strike” Sunday and stopped drinking water at 10 a.m. local time. Associated Press writers Kelvin Chan and Seth Borenstein contributed to this report.

obsolete, producing roughly a sixth of the output of a more efficient state of the art turbine. The environmentalists also said that it was “symbolic of the government reneging on its climate promises.”

2022: When symbolism is more important than reality.

E-mail me at mangun@gmail.com. Follow me on Twitter @mangunonmarkets. PSE stock-market information and technical analysis provided by AAA Southeast Equities Inc.

A12 Tuesday, November 8, 2022

EX-CNN BUREAU CHIEF FLORCRUZ NAMED NEW PHL ENVOY TO BEIJING

P

RESIDENT Ferdinand “Bongbong” R. Marcos, Jr. has designated former CNN Beijing bureau chief Jaime Florcruz as the new Philippine Ambassador to China.

In a document published last Thursday, the Commission on Appointments said Florcruz was given his new appointment last October 19.

He replaced former Philippine Ambassador to China, Jose Santiago “Chito” Sta. Romana, who died in a hotel room in China in April while undergoing routine quarantine after coming from a regional visit.

Florcruz and Sta. Romana

were known to be good friends for decades.

Aside from CNN, Florcruz also served as a reporter for Newsweek Magazine and was the Beijing bureau chief of TIME Magazine.

Among his notable coverages in China are the crackdown on Tiananmen protests in 1989, the death of Deng Xiaoping, and the 1997 Hong Kong handover.

He also became a two-term president of the Foreign Correspondents’ Club of China.

As of press time, Malacañang has yet to confirm Florcruz’s new appointment.

Samuel P. Medenilla

PBBM Apec pitch: Bigger role for local biz, seafarer welfare

10-mo PHL rice imports up 44%, new record high seen

T

By Jasper Emmanuel Y. Arcalas

@jearcalas

HE Philippines’s rice imports through October expanded by 44 percent on an annual basis to a new record high of over 3.2 million metric tons (MMT), in line with earlier market expectations.

Latest Bureau of Plant Industry (BPI) data showed that total rice imports as of end-October reached 3.234 MMT, nearly a million metric tons higher than the 2.242 MMT recorded volume in the same 10-month period last year.

The volume has already eclipsed the country’s previous record-high import volume of 3.122 MMT recorded in 2019.

The Philippines, the world’s second-largest buyer of rice, is projected to import a total volume of 3.4 MMT this year, according to latest estimates of the United States Department of Agriculture (USDA).

BPI data showed that 141 eligible rice importers—companies, corporations, traders—brought in the volume during the reference period. The rice importers used a

total of 3,600 sanitary and phytosanitary import clearances.

BPI data also showed that total rice imports until November 3 have reached 3.242 MMT, with the bulk of the volume or about 2.701 MMT coming from Vietnam.

Vietnam was followed by Myanmar at 210,119.28 MT and Thailand at 158,836.375 MT, based on BPI data.

BPI data also showed that Pakistan exported 151,935.675 MT of rice to the Philippines in the 10-month period.

The Philippines also imported 9,328.385 MT and 9,905.3 MT from China and India, respectively.

Per BPI data, the other countries of origin of the country’s rice imports were Japan, Singapore and Spain.

During the reference period, NAN STU Agri Traders was the top rice importer with a total volume of 185,280.35 MT, followed by

Manus Dei Resources Ent. Inc. at 142,881.28 MT, based on BPI data.

In September, the Department of Agriculture (DA) said the country’s total palay production this year would settle at 19.5 MMT or about 12.754 MMT of rice.

The DA was confident that the production forecast would be achieved despite “global challenges,” such as pricier fuel and fertilizer.

The DA noted that the expected total rice import arrival from January to September would only be at 2.751 MMT. “While all of the remaining issued import clearances by the Bureau of Plant Industry will only be valid until the third quarter and imports are yet to be estimated on the last quarter of this year, based on historical trend, import arrivals start to decline by fourth quarter in time for the peak harvest from October to November,” it said.

By Samuel P. Medenilla @sam_medenilla

P

RESIDENT Ferdinand “Bongbong” R. Marcos, Jr. will push for greater international participation of local businesses and safe passage for seafarers affected by the pandemic, when he attends the Asia-Pacific Economic Cooperation (Apec) Summit in Bangkok, Thailand next week.

In a press conference on Monday, Office of the Press Secretary (OPS) Officer-in-Charge Cheloy E. Velicaria-Garafil said Marcos will focus on economic-related matters during the Apec Economic Leaders’ Week on Nov. 16 to 19.

The Summit will be held face-toface for the first time since 2018.

“The Apec is an opportunity for us to push for our economic agenda and priorities. These include the empowerment of our MSMEs (micro, small, and medium enterprise) and their inclusion in global value chains, recognition of the essential role of our maritime crews and seafarers in ensuring stable and resilient supply chains,” Garafil said.

Likewise, she said, the President will reiterate his call for food and energy security and a more robust international response to climate change, issues he has consistently advocated in almost all of his international engagements.

Bilateral talks

THE Department of Foreign Affairs (DFA) said Marcos is also expected to hold bilateral talks with other state leaders at the summit sidelines.

“The President is having bilateral meetings with six counterparts.

The arrangements are still being finalized so I am not at liberty to disclose yet at this time which economies and leaders they are,” DFA Assistant Secretary Eric Gerardo E. Tamayo.

As of press time, Tamayo said the meeting will unlikely include Russian President Vladimir Putin and United States Vice President Kamala Harris in the APEC Summit. Both Putin and Kamala are expected to attend the event.

Harris will visit the country after the Apec summit.

“I can’t say that among the roster of bilateral meetings of the President that these meetings

MARCOS

have yet to be explored for the time being,” Tamayo said. DFA noted that the President will also defer commenting on Russia’s ongoing attacks in Ukraine during the Summit.

Marcos had been calling for the cessation of hostilities in Ukraine.

“The Philippines [has] made pronouncements in the appropriate forum on our stand in Ukraine, and we will focus our efforts in Apec on the economic issues that impact on the region,” Tamayo said.

Business leaders

DURING his trip in Thailand, Marcos will also participate in the Apec CEO Summit, where he will push for international efforts in facilitating economic growth by “ensuring the flow and the operations of the various supply chains around the globe.”

“The challenge before us is to facilitate the rapid recovery of economies from...the pandemic, and also to undertake the necessary measures to also counter disruptive forces that affect the current economic situation around the globe,” Tamayo said.

“So that is something that the President will push for, recalling the significant role played

by Apec in driving global growth and globalization in the world,” he added.

The President will meet with Thai business leaders to secure more potential investors in the country.

“The proposed slate business meetings are being arranged by our Department of Trade and Industry, and additional details will be forthcoming,” Tamayo said.

SANTA’S HOUSE A Santa Claus customer checks out different sizes of Santa Claus figurines at the House of Santa Claus store on Lacson Street in Manila as the world’s longest Christmas celebration is just around the corner. ROY DOMINGO

9 yrs since Yolanda, PHL reliving its lessons

By Jovee Marie N. dela Cruz @joveemarie

N

INE years after Super Typhoon Yolanda this Tuesday, November 8, Speaker Martin G. Romualdez said the lessons learned from this tragedy continue to guide the country’s response to calamities and highlight the Filipinos capacity to help one another during times of crises.

“As we commemorate the ninth anniversary of Yolanda that battered the country, most especially Eastern Visayas, we honor and offer prayers to those who perished during this unfortunate event, as we raise our glasses to the brave souls, our first responders, who put the lives of others above their own during the onslaught of the super typhoon,” Romualdez said in a statement on Monday.

“This resilience is borne in part by the sacrifices of our first responders, our unity in the face

ROMUALDEZ

of adversity, and our propensity for compassion toward our fellow citizens in times of calamities,” Romualdez added.

Yolanda, dubbed a Category 5 typhoon and is one of the most powerful tropical cyclones ever recorded, leveled most of whatever structure was standing in Eastern

Visayas in 2013. Romualdez, who represents Leyte, is from Tacloban, which has been hit hard by Yolanda.

“While it is very difficult to forget the horrors we faced during Yolanda, the important thing is we learned from this harrowing experience. And if we learned from this tragedy, we continue to honor those who perished and those who willingly sacrificed their lives for the benefit of others,” the Speaker said.

“We have recovered fully from Yolanda, and this is a testament to the Filipinos’ resiliency. Whatever calamity we will face—and surely there will be in the future—we can overcome because of this resiliency and our sincere compassion toward our fellow Filipinos,” Romualdez said.

The House of Representatives recently raised over P75 million in cash and in-kind donations both from lawmakers and private donors for families affected by the recent

Typhoon Paeng.

“But the real heroes behind our recovery from every calamity are really our first responders and rescue workers. They are the ones who risk their lives to save others.

They are the true heart and soul of our resilience,” Romualdez added, partly in Filipino.

The House also recently honored five rescue workers who all died in the performance of their sworn duties.

Narciso Calayag Jr., Jerson Resurreccion, Marby Bartolome, George Agustin, and Troy Justin Agustin, all perished while saving others during the onslaught of super typhoon “Karding” in Bulacan.

“They—our first responders and rescue workers—do not only put their lives on the line during calamities, but they also greatly help in the recovery and rehabilitation of calamity-affected areas.

They are our unsung heroes and they all deserve all the recognition,” the Speaker said.

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

ESTABLISHMENT / ADDRESS

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

QUALIFICATION AND SALARY RANGE

No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ACCENTURE, INC. 7f, Robinsons Cybergate Tower 1, Pioneer St, City Of Mandaluyong

KIM, YOU LEE Customer Service Senior Analyst 1.

Brief Job Description: Provides language translation support to the transition/transformation, invoice and all the related documents

Basic Qualification: College graduate has a minimum of 4yrs experience in telco procurement or telco proceure to pay process

NGUYEN NHAT XUAN PHUONG Seller Onboarding Associate 11.

Salary Range: Php 60,000 - Php 89,999

ADVANCE BEYOND INTERNATIONAL CONSULTING, INC. Unit 511 Campos Rueda Bldg., 101 Urban Ave., Pio Del Pilar, City Of Makati

2.

FANG, XIUHUI Chinese Customer Service Representative Basic Qualification: Can speak, write, type in Mandarin language.

Technical skills in software Salary Range: Php 30,000 - Php 59,999

ALTERA KARNA BUSINESS CORP. 5th, 6th, 7th & 8th Flrs. Eighty-one Newport Blvd., Newport City St., Barangay 183, Pasay City

3.

HAI, SHIMENG Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients

12.

FERY Indonesian Customer Service Representative 13.

4.

Brief Job Description: Provide customer service to clients

14.

Salary Range: Php 30,000 - Php 59,999

5.

HO PUI YAN Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients

Brief Job Description: Managing incoming calls and customer service inquires

HSIEH, TIEN-YU Country Product Manager

Salary Range: Php 30,000 - Php 59,999

HAN, ZIJIE Customer Service Representative (Chinese Speaking)

Brief Job Description: Responsible for country’s product introduction and portfolio management; Study and analyze the market competition, define the opportunity, and propose product positioning, pricing, marketing, and service strategy; Understand product portfolio and roadmap from Asus Headquarters to select the right product & SKU for the assigned market; Provide accurate sales forecast to headquarter; Monitor sell-in, sellout, final inventory status and modify the order and forecast and ensure smooth supply status in the market; Manage quarterly business simulations including revenue, costs, expenses, and profit; Work with sales team to expand the channel coverage and maximize the result; Work with marketing team to build up right product and brand position

Basic Qualification: Any Nationality Who Can Speak and Write Chinese Fluently; Preferably 6 Months to 1-year Customer Service Experience; Detailoriented and Has the Ability to Multi-task

6.

7.

Brief Job Description: Provide customer service to clients

LEE UNG NGIE Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients

8.

Brief Job Description: Provide customer service to clients

15.

Basic Qualification: Any Nationality Who Can Speak and Write Chinese Fluently; Preferably 6 Months to 1-year Customer Service Experience; Detailoriented and Has the Ability to Multi-task Salary Range: Php 30,000 - Php 59,999

LIM WEI CHAI Customer Service Representative (Chinese Speaking)

LIN, WEI-YU Country Product Manager

Basic Qualification: Any Nationality Who Can Speak and Write Chinese Fluently; Preferably 6 Months to 1-year Customer Service Experience; Detailoriented and Has the Ability to Multi-task Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Any Nationality Who Can Speak and Write Chinese Fluently; Preferably 6 Months to 1-year Customer Service Experience; Detailoriented and Has the Ability to Multi-task

9.

LIM XIN YI Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients

Brief Job Description: Responsible for country’s product introduction and portfolio management; Study and analyze the market competition, define the opportunity, and propose product positioning, pricing, marketing, and service strategy; Understand product portfolio and roadmap from Asus Headquarters to select the right product & SKU for the assigned market; Provide accurate sales forecast to headquarter; Monitor sell-in, sellout, final inventory status and modify the order and forecast and ensure smooth supply status in the market; Manage quarterly business simulations including revenue, costs, expenses, and profit; Work with sales team to expand the channel coverage and maximize the result; Work with marketing team to build up right product and brand position

10.

THAN WIN Customer Service Representative (Chinese Speaking) Brief Job Description: Provide customer service to clients

Salary Range: Php 30,000 - Php 59,999 AMAZON OPERATION SERVICES PHILIPPINES, INC. B21 Three E-com Moa Complex, Harbour Drive Cor. Bay Shore, Brgy. 076, Pasay City

Basic Qualification: Able to Speak, Read, and Write Chinese Language Salary Range: Php 30,000 - Php 59,999

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION SAEED, ASIM Country Head

19.

Brief Job Description: Responsible for managing overall operations, recruiting staff and creating budgets.

HABIMANA, OLIVIER Advisor I, Technical Support

20.

Basic Qualification: Able to Speak, Read, and Write Chinese Language

Brief Job Description: Solve problems that are generally unstructured and require extensive use of conceptual thinking skills; Ensure service delivered to our customers meets contractual Key Performance Indicator (‘KPIs’); Greet customers in a courteous, friendly, and professional manner using agreed upon procedures

Basic Qualification: Bachelor’s degree in business / marketing or other related course; At least 25 years old and above; With at least five (5) years sales and management experience in same or related business industry; Fluency in spoken and written Mandarin is preferred for smooth reporting and coordination with Asus Headquarters 5. Tech savvy and highly analytical 6. Key skills/ attributes – Organization and time management skills, adept in using excel and PowerPoint, can work well with a multi-cultural group different groups, excellent communication and presentation skills, excellent project management skills

LAM SAI YEE Business Development Manager 16.

Brief Job Description: Responsible for the output and development of the team.

WONG MEEI YING Business Development Senior Manager 17.

Brief Job Description: Responsible for the output and development of the team.

Basic Qualification: Experience in sales, marketing and lead generation.

NKWAIN, JOHN PAUL SAM Advisor I, Technical Support

21.

Brief Job Description: Solve problems that are generally unstructured and require extensive use of conceptual thinking skills; Ensure service delivered to our customers meets contractual Key Performance Indicator (‘KPIs’); Greet customers in a courteous, friendly, and professional manner using agreed upon procedures

ANDOH, ARSENE MOISE DIEKE Advisor Ii, Technical Support

22.

Brief Job Description: Solve problems that are generally unstructured and require extensive use of conceptual thinking skills.

Ensure service delivered to our customers meets contractual Key Performance. Indicator (‘KPIs’). Greet customers in a courteous, friendly, and professional manner using agreed upon procedures.

18.

Brief Job Description: The one responsible to “get the sale” using various customer sales methods.

LE VAN THONG Chinese Speaking Admin Associate 23.

Brief Job Description: Assist/help customers, give customers information about product and services.

PHAM VAN HUNG Chinese Speaking Business Development Associate 24.

Brief Job Description: Assist/help customers, give customers information about products and services

GIP KIM VINH Chinese Speaking Data Entry Clerk 25.

Brief Job Description: Assist/help customers, give customers information about products and services

LOC KHAI NAM Chinese Speaking Data Entry Clerk 26.

Brief Job Description: Assist/help customers, give customers information about products and services

LUONG TIEN NGHIA Chinese Speaking Data Entry Clerk 27.

Brief Job Description: Assist/help customers, give customers information about products and services

PHAM QUANG HA Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 28.

COMMUNICATION AND RENEWABLE ENERGY INFRASTRUCTURE CREI PHILS INC. Unit A, 7th Flr., Clipp Center 11th Ave. Cor. 39th St. Bonifacio Global City, Fort Bonifacio, City Of Taguig

Basic Qualification: Fluent and/or native speaker in English and/or French; Associate degree in related technical discipline with six years of related technical experience preferred; Relevant technical expertise related to program (i.e. hardware, software, networking, data storage, troubleshooting, repair); Skilled in multitasking; including the ability to be flexible and adapt to changes quickly

Basic Qualification: Fluent and/or native speaker in English and/ or French• Associate degree in related technical discipline with six years of related technical experience preferred.

Relevant technical expertise related to program (i.e. hardware, software, networking, data storage, troubleshooting, repair). Skilled in multitasking; including the ability to be flexible and adapt to changes quickly

CRONYX INC. Flr. No. 4th-10th, Yinhope Bldg., Dela Rama Cor. Zoili Hilario St., Seascape Village, Ccp Complex Subd., Zone 10, Barangay 76, Pasay City

C’EST LA VIE EVENT MANAGEMENT INC. 230, Narra Street, Marikina Heights, City Of Marikina

MO, YONGQIANG Field Sales Consultant

Basic Qualification: Fluent and/or native speaker in English and/or French; Associate degree in related technical discipline with six years of related technical experience preferred; Relevant technical expertise related to program (i.e. hardware, software, networking, data storage, troubleshooting, repair); Skilled in multitasking; including the ability to be flexible and adapt to changes quickly

Salary Range: Php 60,000 - Php 89,999

Salary Range: Php 90,000 - Php 149,999

Basic Qualification: Can research accounts and generate or follow through sales leads; can valuate customers skills, needs and build productive longlasting relationships; can meet personal and team sales targets

Salary Range: Php 150,000 - Php 499,999

Salary Range: Php 60,000 - Php 89,999

Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Experience in sales, marketing and lead generation.

Basic Qualification: Bachelor’s degree, 15 years work experience with PMP certification.

Salary Range: Php 60,000 - Php 89,999

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Bachelor’s degree in business / marketing or other related course; At least 25 years old and above; With at least five (5) years sales and management experience in same or related business industry; Fluency in spoken and written Mandarin is preferred for smooth reporting and coordination with Asus Headquarters 5. Tech savvy and highly analytical 6. Key skills/ attributes – Organization and time management skills, adept in using excel and PowerPoint, can work well with a multi-cultural group different groups, excellent communication and presentation skills, excellent project management skills

QUALIFICATION AND SALARY RANGE

CONCENTRIX CVG PHILIPPINES, INC. 25/f Ayala North Exchange, Tower 2, 6796, Ayala Ave. Cor. Salcedo & Amorsolo Streets, City Of Makati

BRIGHTLEISURE MANAGEMENT INC. 10/f Newport Entertainment & C Newport City, Manlunas, Barangay 183, Pasay City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Any nationality who can speak and write Chinese fluently.

Preferably 6 months to 1-year customer service experience. Detailoriented and has the ability to multi-task.

Salary Range: Php 30,000 - Php 59,999

No.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Any Nationality Who Can Speak and Write Chinese Fluently; Preferably 6 Months to 1-year Customer Service Experience; Detailoriented and Has the Ability to Multi-task

Basic Qualification: Proficient in Vietnamese and English (speaking, reading and writing) with an ability to compose grammatically correct, concise and accurate verbal and written responses.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999

JASON WONG KAH KEEN Customer Service Representative (Chinese Speaking)

QUALIFICATION AND SALARY RANGE

ASUS PHILIPPINES CORPORATION Unit 401-404 Hanston Bldg., F. Ortigas Jr. Road, Ortigas Center, San Antonio, City Of Pasig

Basic Qualification: Any Nationality Who Can Speak and Write Chinese Fluently; Preferably 6 Months to 1-year Customer Service Experience; Detailoriented and Has the Ability to Multi-task

Basic Qualification: Any Nationality Who Can Speak and Write Chinese Fluently; Preferably 6 Months to 1-year Customer Service Experience; Detailoriented and Has the Ability to Multi-task

Brief Job Description: Managing incoming calls and customer service inquires

A13

ESTABLISHMENT / ADDRESS

ANOC99 CORPORATION 5/f To 10/f Ayala Malls Manila Bay Building D., Macapagal Blvd. Cor. Aseana Street, Tambo, City Of Parañaque

YANG, ANLIANG Business Development Specialist Brief Job Description: Act as a specialist consultant, which entails identifying market landscape, business development, and securing partnership in a competitive environment. Advising clients on value-add solutions. Provide our customers with market advice & trends. Networking to build business information that can be converted into commercial opportunities.

Will handle the account for Chinese National Investors. Applicants is required to communicate in Mandarin Language.

Brief Job Description: Communicates effectively via live video call with our customer base – third party sellers who want to sell on Amazon in its various marketplaces.

Tuesday, November 8, 2022

Brief Job Description: Assist/help customers, give customers information about products and services

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience, good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience, good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience, good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience, good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience, good in oral communication and written Salary Range: Php 30,000 - Php 59,999

BusinessMirror

A14 A6 Tuesday, November 8, 2022

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

VONG MY LINH Chinese Speaking Data Entry Clerk 29.

Brief Job Description: Assist/help customers, give customers information about products and services

JIANG, HONGBO Chinese Speaking Program Designer 30.

Brief Job Description: Assist/help customers, give customers information about products and services

NGUYEN VAN HUY Chinese Speaking Program Designer 31.

Brief Job Description: Assist/help customers, give customers information about products and services

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With at least 6 months customer service experience, good in oral communication and written

Basic Qualification: With at least 6 months customer service experience, good in oral communication and written

32.

Brief Job Description: Being the voice of our players within our fastgrowing online/offshore gaming platform, stay on track with the game updates, implementing procedures to support players, work creatively across multiple projects and platforms at the same time.

KONG CHAK HOU Customer Support Specialist

33.

Brief Job Description: Being the voice of our players within our fastgrowing online/offshore gaming platform, stay on track with the game updates, implementing procedures to support players, work creatively across multiple projects and platforms at the same time.

34.

NGUYEN THI HUYEN Customer Support Specialist 35.

Brief Job Description: Being the voice of our players within our fastgrowing online/offshore gaming platform, stay on track with the game updates, implementing procedures to support players, work creatively across multiple projects and platforms at the same time.

NGUYEN VAN KHANH Customer Support Specialist

36.

Brief Job Description: Being the voice of our players within our fastgrowing online/offshore gaming platform, stay on track with the game updates, implementing procedures to support players, work creatively across multiple projects and platforms at the same time.

TIAN, HONGSHENG Customer Support Specialist

37.

Brief Job Description: Being the voice of our players within our fastgrowing online/offshore gaming platform, stay on track with the game updates, implementing procedures to support players, work creatively across multiple projects and platforms at the same time.

TRAN THI SANG Customer Support Specialist

38.

Brief Job Description: Being the voice of our players within our fastgrowing online/offshore gaming platform, stay on track with the game updates, implementing procedures to support players, work creatively across multiple projects and platforms at the same time.

Brief Job Description: Assist/help customers, give customers information about product and services.

DENG, BO Chinese Speaking Graphic Designer 44.

Brief Job Description: Assist/help customers, give customers information about product and services.

NI, TIANMING Chinese Speaking Graphic Designer 45.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services.

Basic Qualification: Excellent communication skills in Chinese, both spoken and written

AI, ANWEN Mandarin Speaking Customer Service Representative 46.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

CHEN, GUOMING Mandarin Speaking Customer Service Representative

Basic Qualification: Excellent communication skills in Chinese, both spoken and written

47.

Salary Range: Php 30,000 - Php 59,999

FENG, ZIQING Mandarin Speaking Customer Service Representative 48.

Basic Qualification: Excellent communication skills in Chinese, both spoken and written Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Excellent communication skills in Chinese, both spoken and written

49.

50.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs HUANG, WENMEI Mandarin Speaking Customer Service Representative

51.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

LI, ZHUANGZHUANG Mandarin Speaking Customer Service Representative

52.

Basic Qualification: Excellent communication skills in Chinese, both spoken and written

Basic Qualification: Excellent communication skills in Chinese, both spoken and written

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

HE, HONGKUN Mandarin Speaking Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

GU, DANDAN Mandarin Speaking Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Excellent communication skills in Chinese, both spoken and written

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

LIU, WEI Mandarin Speaking Customer Service Representative

53.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

LIU, XIN Mandarin Speaking Customer Service Representative

54.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

NING, QIYAN Mandarin Speaking Customer Service Representative

TRAN THI VAN Customer Support Specialist 39.

Brief Job Description: Being the voice of our players within our fastgrowing online/offshore gaming platform, stay on track with the game updates, implementing procedures to support players, work creatively across multiple projects and platforms at the same time.

Basic Qualification: Excellent communication skills in Chinese, both spoken and written

55.

Salary Range: Php 30,000 - Php 59,999

40.

Brief Job Description: Being the voice of our players within our fastgrowing online/offshore gaming platform, stay on track with the game updates, implementing procedures to support players, work creatively across multiple projects and platforms at the same time.

Basic Qualification: Excellent communication skills in Chinese, both spoken and written

57.

41.

Brief Job Description: Organize and optimize the operational planning and execution of works. Advise on improving project execution.

Basic Qualification: Graduate of a master/ bachelor degree. Minimum of 9 years of relevant working experience.

HUANG, YONGJUN Chinese Speaking Admin Associate 42.

Brief Job Description: Assist/help customers, give customers information about product and services.

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs SAM TUYET NHI Mandarin Speaking Customer Service Representative

58.

Salary Range: Php 150,000 - Php 499,999

DYNAMIC STUDIO TECHNOLOGY INC. 5th To 8th/f & 10th/f Platinum Tower Building, Aseana Ave. Cor. Fuentes Street, Baclaran, City Of Parañaque

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs

REN, LEI Mandarin Speaking Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

DREDGING INTERNATIONAL N.V. U-4048 40/f Pbcom Tower, 6795 Ayala Ave. Cor. V.a. Rufino St., Bel-air, City Of Makati

MOLLY, YONI JONATHAN Works Manager

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

PHUNG THI QUYNH Mandarin Speaking Customer Service Representative

56.

TRAN VAN CHINH Customer Support Specialist

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs VI THI YEN Mandarin Speaking Customer Service Representative

59.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs

VU THI THUONG Mandarin Speaking Customer Service Representative 60.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs

No.

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

61.

62.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999

63.

64.

Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin.

65.

66.

67.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in speaking, reading and writing in Mandarin

68.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in Mandarin

69.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

OOI YONG CHUEN Marketing Consultant (mandarin Speaking Clients) 70.

Brief Job Description: Studying company profile and operations to understand its marketing needs. Implementing a marketing strategy according to objectives and budget.

YONG JIA YING Marketing Consultant (mandarin Speaking Clients) 71.

Brief Job Description: Studying company profile and operations to understand its marketing needs. Implementing a marketing strategy according to objectives and budget.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in Mandarin Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Preferably 6 months experience with the above position. Can multi-task and keen to details. Any nationality who can speak and write chinese fluently.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Preferably 6 months experience with the above position. Can multi-task and keen to details. Any nationality who can speak and write chinese fluently.

Salary Range: Php 30,000 - Php 59,999

FLYING DRAGON NETWORK PHILIPPINES INC. Ri Rance Ii Bldg., Block 2 Lot 3 Aseana City, Tambo, City Of Parañaque

72.

73.

TRAN THI NOI Call Center Agent Brief Job Description: Customer service

VO MINH TUAN Call Center Agent Brief Job Description: Customer service

Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Salary Range: Php 30,000 - Php 59,999

FLYING FUTURE SERVICES INC. 3/f Salcedo One Center, 170 Salcedo St., San Lorenzo, City Of Makati WANG, MING Mandarin Technical Support 74.

Brief Job Description: Monitoring and maintaining computer systems and networks.

Basic Qualification: Can speak Mandarin.

Salary Range: Php 30,000 - Php 59,999

GAO SHOU TECHNOLOGY MANAGEMENT, INC. 52/f Pbcom Tower, 6795 Ayala Ave. Cor. V.a. Rufino St., Bel-air, City Of Makati

PHAM VAN TAM Vietnamese Customer Service Representative 75.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in speaking, reading and writing in Mandarin

QUALIFICATION AND SALARY RANGE

FLY ASIAN INTERNATIONAL CORPORATION Eighty One Bldg. Newport Blvd., Newport City Vab St., Barangay 183, Pasay City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in Mandarin

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

ZHU, CHANGWEI Mandarin Speaking Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in speaking, reading and writing in Mandarin

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

ZHOU, JIANSHAN Mandarin Speaking Customer Service Representative

Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

ZHONG, CHONGTUAN Mandarin Speaking Customer Service Representative

Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

YANG, CHENGLIN Mandarin Speaking Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

XIE, XINNI Mandarin Speaking Customer Service Representative

Basic Qualification: Proficient in speaking, reading and writing in Mandarin Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs WANG, WEN Mandarin Speaking Customer Service Representative

Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

WANG, PENG Mandarin Speaking Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in speaking, reading and writing in mandarin.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs.

WANG, CHAOYANG Mandarin Speaking Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION WANG, BO Mandarin Speaking Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

EASYTECH SUPPORT INC. 9-11/f, 14/f Capella Bldg., Asean Drive Filinvest, Alabang, City Of Muntinlupa

LIEW JIA LIANG Customer Support Specialist Brief Job Description: Being the voice of our players within our fastgrowing online/offshore gaming platform, stay on track with the game updates, implementing procedures to support players, work creatively across multiple projects and platforms at the same time.

43.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience, good in oral communication and written

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

YAP CHEE LEONG Chinese Speaking Admin Associate

Salary Range: Php 30,000 - Php 59,999

DATACLICK INTERNATIONAL CORP. E. Rodriguez St., Roxas Blvd. St., Barangay 3, Pasay City CAO TUAN ANH Customer Support Specialist

No.

www.businessmirror.com.ph

TRAN ANH LINH Vietnamese Customer Service Representative 76.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

ZHU, JINGFENG Account Manager 77.

Brief Job Description: Analyze customer requirements and pain points, provide business solutions, and achieve business goals.

ZHU, GE Senior Procurement Manager

78.

Brief Job Description: Performing risk assessments on potential contracts and agreements.

Basic Qualification: Proficient in speaking reading and writing mandarin

KHAN, ASHFI SAJID Customer Support Specialist 91.

Salary Range: Php 150,000 - Php 499,999 Basic Qualification: Proficient in speaking reading and writing mandarin Salary Range: Php 150,000 - Php 499,999

79.

Brief Job Description: Assist/help customers, give customers information about product and services

CHEN, XUESONG Chinese Speaking Business Development Associate 80.

Brief Job Description: Assist/help customers, give customers information about product and services.

LIU, JIA-XIN Chinese Speaking Business Development Associate 81.

Brief Job Description: Assist/help customers, give customers information about product and services

DANG XUAN TU Chinese Speaking Data Entry Clerk 82.

Brief Job Description: Assist/help customers, give customers information about product and services

SU, YI-HSIANG Chinese Speaking Data Entry Clerk 83.

Brief Job Description: Assist/help customers, give customers information about product and services

WU, WEIFENG Chinese Speaking Graphic Designer 84.

Brief Job Description: Assist/help customers, give customers information about product and services

DINH THI BAO LINH Chinese Speaking Program Designer 85.

Brief Job Description: Assist/help customers, give customers information about product and services.

KINGSTON KONG Chinese Speaking Program Designer 86.

Brief Job Description: Assist/help customers, give customers information about product and services.

WANG, XIN Chinese Speaking Program Designer 87.

Brief Job Description: Assist/help customers, give customers information about product and services

YU, XIONGFEI Chinese Speaking Program Designer 88.

Brief Job Description: Assist/help customers, give customers information about product and services

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written

89.

Brief Job Description: To work with a variety of customers and use your expert relationship-building skills to provide worldclass service.

90.

Brief Job Description: To work with a variety of customers and use your expert relationship-building skills to provide worldclass service.

Brief Job Description: To work with a variety of customers and use your expert relationship-building skills to provide worldclass service.

LIN, YU-HSUAN Customer Support Specialist 93.

Brief Job Description: To work with a variety of customers and use your expert relationship-building skills to provide worldclass service.

PALLAM MOHAMMEDBASHEER, ABDUL SAWAD Customer Support Specialist 94.

Brief Job Description: To work with a variety of customers and use your expert relationship-building skills to provide worldclass service.

Salary Range: Php 30,000 - Php 59,999

SHRESTHA, MANISHA Customer Support Specialist 95.

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written

Brief Job Description: To work with a variety of customers and use your expert relationship-building skills to provide worldclass service.

SHRESTHA, SAJAN Customer Support Specialist 96.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: To work with a variety of customers and use your expert relationship-building skills to provide worldclass service.

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

THAIVALAPPIL PRAKASAN, ATHUL Customer Support Specialist 97.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written

Brief Job Description: To work with a variety of customers and use your expert relationship-building skills to provide worldclass service.

98.

Salary Range: Php 30,000 - Php 59,999

101.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

YOU, CHENG-BANG Chinese Technical Support Representative 102.

Basic Qualification: Superior customer service skills, Nice to have experience working with online gaming/offshore gaming industry or less experience but a good attitude and motivation to learn, Excellent communication skills in Chinese, both spoken and written.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

RICHARD MULIAWAN Indonesian Customer Service Representative 103.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services

CHIN WEI SONG Malaysian Software Engineer 104.

Brief Job Description: Protects operations by keeping information confidential

Basic Qualification: Superior customer service skills, Nice to have experience working with online gaming/offshore gaming industry or less experience but a good attitude and motivation to learn, Excellent communication skills in Chinese, both spoken and written.

Basic Qualification: Superior customer service skills, Nice to have experience working with online gaming/offshore gaming industry or less experience but a good attitude and motivation to learn, Excellent communication skills in Chinese, both spoken and written.

Basic Qualification: Superior customer service skills, Nice to have experience working with online gaming/offshore gaming industry or less experience but a good attitude and motivation to learn, Excellent communication skills in Chinese, both spoken and written.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services

WANG, QIU-PING Chinese Customer Service Representative 99.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services

Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage

LIEW YU HUNG Malaysian Software Engineer 105.

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for. Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for. Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage

Brief Job Description: Protects operations by keeping information confidential

Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999

ONG KAI ZHI Malaysian Software Engineer 106.

Brief Job Description: Protects operations by keeping information confidential

ONG WEI XING Malaysian Software Engineer 107.

Brief Job Description: Protects operations by keeping information confidential

Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999

SEE WAI LUN Malaysian Software Engineer 108.

Brief Job Description: Protects operations by keeping information confidential

Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999

YAP WAI YONG Malaysian Software Engineer 109.

Brief Job Description: Protects operations by keeping information confidential

Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999

DANG THAI CHINH Vietnamese Customer Service Representative 110.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services

DANG VIET DUC Vietnamese Customer Service Representative 111.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in speaking, reading and writing in English and their respective Native Language for the position applied for; Fluent in Chinese Mandarin is an advantage

QUALIFICATION AND SALARY RANGE

Salary Range: Php 30,000 - Php 59,999

JIU ZHOU TECHNOLOGIES INTERNATIONAL, INC. 31/f Tower 6789, 6789 Ayala Avenue, San Lorenzo, City Of Makati

CHANG, CHIA-YU Chinese Customer Service Representative

Basic Qualification: Superior customer service skills, Nice to have experience working with online gaming/offshore gaming industry or less experience but a good attitude and motivation to learn, Excellent communication skills in Chinese, both spoken and written.

Basic Qualification: Superior customer service skills, Nice to have experience working with online gaming/offshore gaming industry or less experience but a good attitude and motivation to learn, Excellent communication skills in Chinese, both spoken and written.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Superior customer service skills, Nice to have experience working with online gaming/offshore gaming industry or less experience but a good attitude and motivation to learn, Excellent communication skills in Chinese, both spoken and written.

YEH, PO-WEN Chinese Technical Support Representative

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written

Basic Qualification: Superior customer service skills, Nice to have experience working with online gaming/offshore gaming industry or less experience but a good attitude and motivation to learn, Excellent communication skills in Chinese, both spoken and written.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999

No.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written

Basic Qualification: Superior customer service skills, Nice to have experience working with online gaming/offshore gaming industry or less experience but a good attitude and motivation to learn, Excellent communication skills in Chinese, both spoken and written.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written

Salary Range: Php 30,000 - Php 59,999

KARUTHEDATHU VEEDU, POOJITHA Customer Support Specialist

92.

Salary Range: Php 30,000 - Php 59,999

ITECHNO SPECIALIST INC. 24/f Yuchengco Tower I, Rcbc Plaza, Bel-air, City Of Makati

ABDUL KADER, MUBARAK Customer Support Specialist

LI, JIAN Customer Support Specialist

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

QUALIFICATION AND SALARY RANGE

Salary Range: Php 30,000 - Php 59,999

INFOVINE INC. 8th, 9th, 10th/f Aspire Corporate Plaza Bldg., Macapagal Blvd. St., Zone 10, Barangay 76, Pasay City

LAI, XU Chinese Speaking Admin Associate

Brief Job Description: To work with a variety of customers and use your expert relationship-building skills to provide worldclass service.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services

VI THI AN Vietnamese Customer Service Representative 112.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in speaking, reading, and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading, and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading, and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999

KING-MERCHANT BUSINESS TRADING INCORPORATED Unit 2505-f, The Finance Centre 26th St., Fort Bonifacio, City Of Taguig

HUANG, SHENG-HUA Chinese Technical Support Representative 100.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

A15

ESTABLISHMENT / ADDRESS

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

HUAWEI TECHNOLOGIES PHILS. INC. U-5302, 53/f Pbcom Tower, 6795 Ayala Ave., Cor., V.a. Rufino St., Bel-air, City Of Makati

Tuesday, November 8, 2022

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for. Fluent in Chinese Mandarin is an advantage Salary Range: Php 30,000 - Php 59,999

MA, XIAOYING Chinese Speaking Trade Marketing Specialist 113.

Brief Job Description: Assist/help customers, give customers information about product and services

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999

BusinessMirror

A16 A6 Tuesday, November 8, 2022

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

KNIGHT AUTO PRECISION ENGINEERING (PHILIPPINES), INC. B3 L17-19, President Ave., B. F. Homes, City Of Parañaque WONGSAENG, PRACHYA Field Service & Application Manager 114.

Brief Job Description: To support semo-con business projects and activities of the company.

WANG, HUIBIN Chinese Customer Service Representative Basic Qualification: Good communication skills preferably fluent in English and Thai Salary Range: Php 30,000 - Php 59,999

133.

115.

Brief Job Description: Oversee all the financial operations of the organization, including accounting, financial reporting, tax, business control, treasury, supply chain, and corporate services.

Basic Qualification: Previous experience of setting up or leading a team in a financial/ technology industry, especially in the Philippines Salary Range: Php 150,000 - Php 499,999

134.

116.

Brief Job Description: Managing incoming calls and customer service inquiries HTWE HTWE HLAING Burmese Customer Service Representative

117.

118.

Brief Job Description: Managing incoming calls and customer service inquires

135.

136.

Brief Job Description: Managing incoming calls and customer service inquiries

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Managing incoming calls and customer service inquires

121.

122.

123.

124.

125.

126.

127.

128.

129.

130.

131.

Brief Job Description: Managing incoming calls and customer service inquiries HOANG KIM XUYEN Call Center Agent Brief Job Description: Customer Service.

HOANG VAN DUY Call Center Agent Brief Job Description: Customer Service.

LE THI DUYEN Call Center Agent Brief Job Description: Customer Service.

LOC THI NHUNG Call Center Agent Brief Job Description: Customer Service.

LOW CHON CHU Call Center Agent Brief Job Description: Customer Service.

NGUYEN KHAC HOAN Call Center Agent Brief Job Description: Customer Service.

NGUYEN MONG TRUC Call Center Agent Brief Job Description: Customer Service.

PHAN THI HOAI PHUONG Call Center Agent Brief Job Description: Customer Service.

TRUONG VAN HOAI Call Center Agent Brief Job Description: Customer Service.

VONG YEN NHI Call Center Agent Brief Job Description: Customer Service.

VU NGOC UYEN Call Center Agent Brief Job Description: Customer Service.

WANG, BAIQIANG Chinese Customer Service Representative 132.

Brief Job Description: Managing incoming calls and customer service inquiries

Basic Qualification: Able to Speak, Read, and Write Chinese Language

Brief Job Description: Managing incoming calls and customer service inquiries LUONG DIEM THANH Vietnamese Customer Service Representative

137.

Brief Job Description: Managing incoming calls and customer service inquires NGUYEN VAN NGOC Vietnamese Customer Service Representative

138.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language

ZAW WIN Burmese Customer Service Representative 120.

Basic Qualification: Able to Speak, Read, and Write Chinese Language

Brief Job Description: Managing incoming calls and customer service inquires HA THI DIEP Vietnamese Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

NANG SAY THU MAY PHYO Burmese Customer Service Representative

WIN THEIN Burmese Customer Service Representative 119.

Basic Qualification: Able to speak, Read, and Write Chinese language

Brief Job Description: Managing incoming calls and customer service inquires BUI VAN DUC Vietnamese Customer Service Representative

MOA CLOUDZONE CORP. 4th-11th Flr. Nexgen Tower, C4 Rd. Edsa Ext., Barangay 76, Pasay City HTIN HTIN MYINT Burmese Customer Service Representative

Brief Job Description: Managing incoming calls and customer service inquiries XIA, YU Chinese Customer Service Representative

MAYA PHILIPPINES, INC. 6/f Launchpad, Reliance Cor. Sheridan, Highway Hills, City Of Mandaluyong FERNANDEZ, MIGUEL ANGEL Group Chief Financial Officer

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Managing incoming calls and customer service inquires

139.

Brief Job Description: Assist/help customers, give customers information about product and services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language Salary Range: Php 30,000 - Php 59,999

DIEP VAN HUNG Chinese Speaking Admin Associate 140.

Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services

DO THI MINH THU Chinese Speaking Admin Associate 141.

Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Brief Job Description: Assist/help customers, give customers information about product and services.

LANG THUY LY Chinese Speaking Admin Associate 142.

Brief Job Description: Assist/help customers, give customers information about product and services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

NGUYEN KHAC THANH Chinese Speaking Admin Associate 143.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services.

PHAN NGOC TUONG VY Chinese Speaking Admin Associate 144.

Brief Job Description: Assist/help customers, give customers information about product and services

Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Salary Range: Php 30,000 - Php 59,999

PHUNG NGUYET HOAN Chinese Speaking Admin Associate 145.

Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Brief Job Description: Assist/help customers, give customers information about product and services.

SUHEDI Chinese Speaking Admin Associate 146.

Brief Job Description: Assist/help customers, give customers information about product and services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Salary Range: Php 30,000 - Php 59,999

TO MY NGOC Chinese Speaking Admin Associate 147.

Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Salary Range: Php 30,000 - Php 59,999

148.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services

TRAM AN HOA Chinese Speaking Admin Associate

Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Basic Qualification: Able to speak, Read, and Write Chinese language

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

Brief Job Description: Assist/help customers, give customers information about product and services.

TRAN THI THUY TRINH Chinese Speaking Admin Associate 149.

Brief Job Description: Assist/help customers, give customers information about product and services

No.

Basic Qualification: Able to speak, Read, and Write Chinese language Salary Range: Php 30,000 - Php 59,999

150.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to Speak, Read, and Write Chinese Language

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ZHANG, YALING Chinese Speaking Admin Associate

Basic Qualification: Able to Speak, Read, and Write Chinese Language

Brief Job Description: Assist/help customers, give customers information about product and services

HUANG, CHENG Chinese Speaking Business Development Associate 151.

Brief Job Description: Assist/help customers, give customers information about product and services.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, Read, and Write Chinese language

LAM CHI TRUNG Chinese Speaking Business Development Associate 152.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services.

Basic Qualification: Able to Speak, Read, and Write Chinese Language Salary Range: Php 30,000 - Php 59,999

NGUYEN NGOC THAO Chinese Speaking Business Development Associate 153.

Basic Qualification: Able to Speak, Read and Write Chinese Language

Brief Job Description: Assist/help customers, give customers information about product and services.

Salary Range: Php 30,000 - Php 59,999

NEO INCORPORATED North Tower Centrum Bldg., Aseana Avenue, Entertainment City, Baclaran, City Of Parañaque

BAO, LIUSHA Chinese Speaking Admin Associate

www.businessmirror.com.ph

NGUYEN THUY NGUYEN Chinese Speaking Business Development Associate 154.

Basic Qualification: with at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999

TRAN THI HUONG Chinese Speaking Business Development Associate 155.

Basic Qualification: with at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999

156.

157.

158.

159.

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written

160.

161.

162.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services

LU, BAOZHONG Chinese Speaking Graphic Designer 163.

Brief Job Description: Assist/help customers, give customers information about product and services

MACH VI HAO Chinese Speaking Graphic Designer 164.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: with at least 6 months customer service experience/good in oral communication and written

Brief Job Description: Assist/help customers, give customers information about product and services

JUSTIN BEH KOK PUEY Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Brief Job Description: Assist/help customers, give customers information about product and services

DO MY LINH Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: with at least 6 months customer service experience/good in oral communication and written

Brief Job Description: Assist/help customers, give customers information about product and services.

CHIU, HSIEN-TE Chinese Speaking Graphic Designer

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services.

BUI THI THU Chinese Speaking Graphic Designer

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services

BUI LE HANG Chinese Speaking Graphic Designer

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services.

ZHANG, YU Chinese Speaking Data Entry Clerk

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services

VY THI HA Chinese Speaking Business Development Associate

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Assist/help customers, give customers information about product and services.

Brief Job Description: Assist/help customers, give customers information about product and services.

NGUYEN XUAN AN Chinese Speaking Graphic Designer 165.

Brief Job Description: Assist/help customers, give customers information about product and services.

QUALIFICATION AND SALARY RANGE Basic Qualification: with at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: with at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

TIAN, LEI Chinese Speaking Graphic Designer 166.

Brief Job Description: Assist/help customers, give customers information about product and services

WANG, ZHAOKUI Chinese Speaking Graphic Designer 167.

Brief Job Description: Assist/help customers, give customers information about product and services.

XIE, HONGYAN Chinese Speaking Graphic Designer 168.

Brief Job Description: Assist/help customers, give customers information about product and services.

YIN, HANG Chinese Speaking Graphic Designer 169.

Brief Job Description: Assist/help customers, give customers information about product and services.

ZHANG, JITAO Chinese Speaking Graphic Designer 170.

Brief Job Description: Assist/help customers, give customers information about product and services.

CHEN, JIE Chinese Speaking Program Designer 171.

Brief Job Description: Assist/help customers, give customers information about product and services

DANG XUAN TRUONG Chinese Speaking Program Designer 172.

Brief Job Description: Assist/help customers, give customers information about product and services.

JIA, QIRUN Chinese Speaking Program Designer 173.

Brief Job Description: Assist/help customers, give customers information about product and services

XIE, LIXIN Chinese Speaking Program Designer 174.

Brief Job Description: Assist/help customers, give customers information about product and services

ZHANG, WEI Chinese Speaking Program Designer 175.

Brief Job Description: Assist/help customers, give customers information about product and services.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With at least 6 months customer service experience/good in oral communication and written Salary Range: Php 30,000 - Php 59,999

176.

Brief Job Description: Define and embed the right operating model, facilitation of systems and infrastructure. Establish and manage the optimum ratio of outsourced and in-house resources

181.

GONG, CAIZHI Mandarin Quality Control Officer 182.

177.

178.

179.

Brief Job Description: Managing calls and customer services

LIU, TIAN Chinese Customer Service Representative Brief Job Description: Customer Service.

YANG, BO Chinese Customer Service Representative Brief Job Description: Managing calls and customer services

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

ESPINOZA LAFUENTE, PABLO CESAR Senior Esg Research Analyst 183.

180.

Brief Job Description: The Mandarin Project Planner is responsible for planning and scheduling various workloads. Gathers and analyzes information to prepare status report.

Evaluate current procedures and recommends changes to improve the efficiency of planning and scheduling of projects.

Brief Job Description: To analyze and enter risk incidents documents in foreign languages to RepRisk database.

THAI MINH HIEU Mandarin Admin Support 184.

Brief Job Description: Performs administrative and office support for activities for multiple supervisors.

PHAN VAN THUAN Mandarin Business Consultant 185.

Brief Job Description: Helps a business owner to improve his or her business operations. The overall goal of a small business consultant is to help make the company better through addressing problems and recommending solutions.

TRAN THIEN QUANG Mandarin Customer Service Representative 186.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 90,000 - Php 149,999

Basic Qualification: College graduate. Fluent in Cantonese, Taiwanese and Mandarin language.

Excellent communication skills. At least 1 year experience relevant to the position.

Brief Job Description: Provide customer service support to the organization by obtaining, analyzing and verifying the accuracy of order information promptly.

Basic Qualification: College graduate. Fluent in Cantonese, Taiwanese and Mandarin language.

Excellent communication skills. At least 1 year experience relevant to the position.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate. Fluent in Cantonese, Taiwanese and mandarin language.

Excellent communication skills. At least 1 year experience relevant to the position.

Salary Range: Php 30,000 - Php 59,999

187.

188.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 500,000 and above

189.

Basic Qualification: Fluent in Mandarin and English

MA, YUANFENG Customer Service Representative Brief Job Description: Customer support services TRUNG THI ANH TUYET Customer Service Representative Brief Job Description: Customer support services ZHOU, JUN Customer Service Representative Brief Job Description: Customer support services

190.

191.

192.

CAI, DINGYU Customer Service Representative Brief Job Description: Customer support and data base services

CHANG NHOC SIN Customer Service Representative Brief Job Description: Customer Support and Data Base Services.

CHEN, HAO Customer Service Representative Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: In-depth understanding of construction procedures, materials and project management principles. Must have understanding in cost planning and contracts administration. Familiarity with construction/project management in Mainland China and the Philippines.

Salary Range: Php 30,000 - Php 59,999

199.

200.

201.

202.

203.

Basic Qualification: Ability to Multi-task and Manage Time Effectively

204.

CHEN, RONGHUA Customer Service Representative Brief Job Description: Customer support and data base services

CHEW ZHI LIN Customer Service Representative Brief Job Description: Customer support and data base services

CYNTHIANI TAN Customer Service Representative Brief Job Description: Customer Support and Data Base Services.

GAO, YAHONG Customer Service Representative Brief Job Description: Customer support and data base services

GU, WEI Customer Service Representative Brief Job Description: Customer support and data base services

193.

194.

CHEN, HAO Customer Service Representative Brief Job Description: Customer support and data base services

CHEN, KELIN Customer Service Representative Brief Job Description: Customer support and data base services

HUI, ANPENG Customer Service Representative Brief Job Description: Customer support and data base services

HUYNH NHAT LIEM Customer Service Representative Brief Job Description: Customer support and data base services

KHOR GUAN KEH Customer Service Representative Brief Job Description: Customer support and data base services

LAN, YANG Customer Service Representative Brief Job Description: Customer support and data base services

LI, BINGYIN Customer Service Representative Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Ability to Multi-task and Manage Time Effectively

205.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Ability to Multi-task and Manage Time Effectively

LI, JIAHUANG Customer Service Representative Brief Job Description: Customer support and data base services

LIANG, YONGJIN Customer Service Representative 206.

Salary Range: Php 30,000 - Php 59,999

207.

Basic Qualification: College Graduate/Level and Fluent in Mandarin/ Basic English.

Salary Range: Php 30,000 - Php 59,999

198.

SA RIVENDELL GLOBAL SUPPORT, INC. 2741, P. Zamora St., Barangay 97, Pasay City 9-11 Flr., The Biopolis Bldg., Macapagal Blvd., Barangay 76, Pasay City

Basic Qualification: Fluent in Mandarin and English Salary Range: Php 30,000 - Php 59,999

197.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Salary Range: Php 30,000 - Php 59,999

RIDGE OUTSOURCING SERVICES INC. Ub-111 Paseo De Roxas Bldg, Paseo De Roxas,, San Lorenzo, City Of Makati

Basic Qualification: A strong understanding of regulatory compliance for banking products, commercial loan operations loan processing, quality assurance and loan servicing

196.

Basic Qualification: Bachelor’s Degree, fluency in 2 or 3 foreign languages, excellent English writing skills

Basic Qualification: with at least 6 months customer service experience/good in oral communication and written

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

195.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written

Basic Qualification: Must be knowledgeable in developing and reviewing project quality plans, contract documents and project specifications.

Must have Knowledge to a wide range of construction materials, methods, and techniques.

No.

REVON MOTION BUSINESS CONSULTANCY INC. G/f Pmj Bldg., Evangelista Cor. Cuangco Sts., Pio Del Pilar, City Of Makati

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

Basic Qualification: In-depth understanding of construction procedures, materials and project management principles. Must have understanding in cost planning and contracts administration. Familiarity with construction/project management in Mainland China and the Philippines.

REPRISK PHILIPPINES, INC. Unit 20-02, 20th Floor Accralaw Tower, 2nd Ave. Cor. 30th St. Crescent Park West Bgc, Fort Bonifacio, City Of Taguig

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: with at least 6 months customer service experience/good in oral communication and written

QUALIFICATION AND SALARY RANGE

Salary Range: Php 30,000 - Php 59,999

POWERCHINA PHILIPPINES CORPORATION Unit 2101 21/f Bdo Equitable Tower, 8751 Paseo De Roxas, Bel-air, City Of Makati

CHEN, KAIYAO Mandarin Project Planner

Brief Job Description: The Mandarin Quality Control Officer ensures that the quality of product from plans to actual construction is strictly implemented.

Salary Range: Php 30,000 - Php 59,999

NOCMAKATI, INC. 8,9,10,11,12,14,15,16,17,18 & 19 Floors, Century Diamond Center, Poblacion, City Of Makati LI, HU Chinese Customer Service Representative

Brief Job Description: The Mandarin Project Planner is responsible for planning and scheduling various workloads. Gathers and analyzes information to prepare status report.

Evaluate current procedures and recommends changes to improve the efficiency of planning and scheduling of projects.

A17

ESTABLISHMENT / ADDRESS

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

FENG, QI Mandarin Project Planner

Basic Qualification: With at least 6 months customer service experience/good in oral communication and written.

NEURONCREDIT FINANCING COMPANY INC. Unit 1005,1605 Centerpoint Bldg., Julia Vargas Corner Garnet Road, Ortigas Center, San Antonio, City Of Pasig

PEARLY YEOW MEI LING a.k.a. ANGELINE Chief Operations Officer

No.

Tuesday, November 8, 2022

Brief Job Description: Knowledgeable in computer application with good oral and written communication skills

LIU, CHUNHUI Customer Service Representative

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999

LIU, WEI Customer Service Representative

208.

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Salary Range: Php 30,000 - Php 59,999

209.

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999

210.

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999

211.

212.

Brief Job Description: Customer support and data base services

LIU, XIANGFENG Customer Service Representative Brief Job Description: Customer support and data base services

LIU, XIAOYA Customer Service Representative Brief Job Description: Customer support and data base services

LIU, XINGYANG Customer Service Representative Brief Job Description: Customer support and data base services

LU, FUYANG Customer Service Representative Brief Job Description: Customer support and data base services

QUALIFICATION AND SALARY RANGE Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Customer support and data base services Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999

BusinessMirror

A18 A6 Tuesday, November 8, 2022

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION LUO, ANSHENG Customer Service Representative

213.

Brief Job Description: Knowledgeable in computer application with good oral and written communication skills MAO, XINYU Customer Service Representative

214.

Brief Job Description: Knowledgeable in computer application with good oral and written communication skills NING, DARONG Customer Service Representative

215.

216.

217.

218.

219.

220.

221.

222.

223.

224.

225.

226.

227.

228.

229.

230.

Brief Job Description: Knowledgeable in computer application with good oral and written communication skills

PRICELIA CHRISTINA KHIALDAS Customer Service Representative Brief Job Description: Customer Support and Data Base Services.

SHI, GUANGHUI Customer Service Representative Brief Job Description: Customer support and data base services

SOMKHAO, SUKKHANA Customer Service Representative Brief Job Description: Customer support and data base services

SU, JIEWEI Customer Service Representative Brief Job Description: Customer support and data base services

SUSANTI Customer Service Representative Brief Job Description: Customer support and data base services

TRAN DUNG Customer Service Representative Brief Job Description: Customer Support and Data Base Services.

TRAN THI NGOC HA Customer Service Representative Brief Job Description: Customer support and data base services

TSAN SAM MUI Customer Service Representative Brief Job Description: Customer support and data base services

VONG CHI KENG Customer Service Representative Brief Job Description: Customer support and data base services

WANG, GUANGMING Customer Service Representative Brief Job Description: Customer support and data base services

WEI, SHANGRONG Customer Service Representative Brief Job Description: Customer support and data base services

WU, PINGSHUN Customer Service Representative Brief Job Description: Customer support and data base services

XANH KY LIEM Customer Service Representative Brief Job Description: Customer support and data base services

XU, MINGSHUN Customer Service Representative Brief Job Description: Customer Support and Data Base Services.

YU, QINXI Customer Service Representative Brief Job Description: Customer support and data base services

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Customer support and data base services

No.

YU, YUEYING Customer Service Representative 231.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Customer support and data base services

232.

Brief Job Description: Knowledgeable in computer application with good oral and written communication skills ZHAN, SHUQIONG Customer Service Representative

233.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Brief Job Description: Knowledgeable in computer application with good oral and written communication skills ZENG, HAIBO Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Customer support and data base services

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

234.

Brief Job Description: Knowledgeable in computer application with good oral and written communication skills

ZHANG, HONGLIANG Customer Service Representative Brief Job Description: Customer support and data base services

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

ZHENG, MAOHUA Customer Service Representative 235.

Brief Job Description: Knowledgeable in computer application with good oral and written communication skills

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

236.

237.

238.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Salary Range: Php 30,000 - Php 59,999

239.

240.

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999

241.

242.

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999

243.

Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

244.

245.

FENG, ZIQUAN Customer Service Representative Brief Job Description: Customer relations service provider NGUYEN DUY TUNG Customer Service Representative Brief Job Description: Customer relations service provider PAN, QINGBIAO Customer Service Representative Brief Job Description: Customer relations service provider QI, JINGUO Customer Service Representative Brief Job Description: Customer relations service provider

TANG, YATING Customer Service Representative Brief Job Description: Customer relations service provider

WANG, BO Customer Service Representative Brief Job Description: Customer relations service provider

WANG, DUIJIN Customer Service Representative Brief Job Description: Customer relations service provider

WANG, QIAN Customer Service Representative Brief Job Description: Customer relations service provider

YAN, DEHUI Customer Service Representative Brief Job Description: Customer relations service provider

TRAN HANH THY It Officer 246.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills.

Brief Job Description: Assesses infrastructure on a regular basis to ensure it continues to meet necessary demands

AINKHONG, WORATHAT Thai Customer Service Representative 247.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999

No.

Basic Qualification: Customer support and data base services Salary Range: Php 30,000 - Php 59,999

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

POOSANGSRI, HATHAITIP Thai Customer Service Representative 249.

Basic Qualification: Customer support and data base services

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Customer support and data base services Salary Range: Php 30,000 - Php 59,999

PRAPANKIT, PRATTANA Thai Customer Service Representative 250.

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

Basic Qualification: Customer support and data base services

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

RAIRAYAB, WANNISA Thai Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 251.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in Computer Application With Good Oral and Written Communication Skills

SEEDAKOT, MAKAWAT Thai Customer Service Representative 252.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Fluent in Mandarin, both oral and written Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

SRIMAN, SUREEPORN Thai Customer Service Representative 253.

Basic Qualification: Fluent in mandarin, both oral and written Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in Mandarin, both oral and written

PEAMJAMROEN, KITTI Thai Customer Service Representative 248.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

SUMATRAT, PISIT Thai Customer Service Representative 254.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

Basic Qualification: Fluent in Mandarin, both oral and written TOOPPONTHAP, TEERASORN Thai Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in mandarin, both oral and written

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Fluent in Mandarin, both oral and written

YOTRUEANG, TIDARAT Thai Customer Service Representative 256.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Fluent in Mandarin, both oral and written

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

Basic Qualification: Fluent in mandarin, both oral and written

DEB, SUMANTA Lead - Organizational Change Management 257.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Leads and directs organizational change management and related work streams in business consulting and large transformation engagements aligns stakeholder expectations, typically works within a larger program and manages client delivery for OCM.

Salary Range: Php 30,000 - Php 59,999

KUMAR, AMITABH Technical Lead 258.

Basic Qualification: Fluent in Vietnamese (verbal and written skills)

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: With at least 10 years of experience in management consulting and advisory services, program management and business research has expertise in organizational change management (OCM), HR transformation, organizational design (OD).

Brief Job Description: Responsible for taking care of development and deliverable of the channel’s application and website help client with the production issue resolution and development become a single point of contract for the development team and provide technical support

Basic Qualification: With at least 8 years of experience in information technology with responsive web development, native and hybrid mobile, application which consists of analysis, design for the following fields banking, life science, retail, energy telecom and manufacturing Salary Range: Php 150,000 - Php 499,999

TECHMAVE SERVICES INC. 11/f Liberty Plaza Bldg., 102 H.v. Dela Costa St., Bel-air, City Of Makati LI, XINGMIN Mandarin System And Support Specialist 259.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for, Fluent in Chinese Mandarin is an advantage.

Salary Range: Php 150,000 - Php 499,999

Basic Qualification: Fluent in Mandarin, both oral and written

Salary Range: Php 30,000 - Php 59,999

QUALIFICATION AND SALARY RANGE

TATA CONSULTANCY SERVICES (PHILIPPINES) INC. 8th-12th, 14th & 15th Floor, Panorama Tower, 34th Street Corner Lane A, Bonifacio Global City, Fort Bonifacio, City Of Taguig

Salary Range: Php 30,000 - Php 59,999

SOMI UNLIMITED SOLUTIONS, INC. 10/f Tower 2 Double Dragon Plaza Bldg., Edsa Corner Macapagal Ave. St. Zone 10, District 1, Barangay 76, Pasay City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

QUALIFICATION AND SALARY RANGE

255.

Basic Qualification: Knowledgeable in computer application with good oral and written communication skills Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Customer support and data base services

ESTABLISHMENT / ADDRESS

SKY DRAGON GLOBAL TECHNOLOGIES CORP. 2f-5f, Unit 710 Shaw Blvd., Global Link Center, Wack-wack Greenhills, City Of Mandaluyong

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knowledgeable in computer application with good oral and written communication skills

ZHENG, XIAOWEI Customer Service Representative

www.businessmirror.com.ph

Brief Job Description: Handles service support calls, emails and chats from inquiry of a client

LIU, JIABAO Mandarin System And Support Specialist 260.

Brief Job Description: Handles service support calls, emails and chats from inquiry of a client XU, JIAJUN Mandarin System And Support Specialist

261.

Brief Job Description: Handles service support calls, emails and chats from inquiry of a client

Basic Qualification: Fluency in English, Mandarin and any multilingual language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluency in English, Mandarin and any multilingual language Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluency in English, Mandarin and any multilingual language Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION YONG, XIANGYU Mandarin System And Support Specialist

262.

Brief Job Description: Handles service support calls, emails and chats from inquiry of a client

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

Basic Qualification: Fluency in English, Mandarin and any multilingual language Salary Range: Php 30,000 - Php 59,999

278.

TENERITY PHILIPPINES CORP. 12th Floor, W Fifth Building, 32nd St. Cor. 5th Avenue, Bonifacio Global City, Fort Bonifacio, City Of Taguig MBELENGE, OLIVIER MITELEZI Customer Care Specialist I, Bilingual French 263.

Brief Job Description: Respond professionally, accurately and in a timely manner to customer contacts (primarily inbound calls and may also encompass outbound calls, email, etc.).

Basic Qualification: Excellent interpersonal, listening, written and verbal communication skills, Ability to work collaboratively in a team environment

DOAN VAN UAN Vietnamese Customer Service Representative 279.

264.

Brief Job Description: Assesses infrastructure on a regular basis to ensure it continues to meet necessary demands

Basic Qualification: - At least 19y/old - Ability to speak and write in their respective language

265.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

WONG KIONG KOK Malaysian Customer Support Representative 266.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

ANN CHEE JIET Malaysian Customer Support Specialist 267.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

CHEN, YIWEI Mandarin Customer Support Representative 268.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

CHEN, XIAONA Mandarin Customer Support Specialist 269.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

LI, ZIQI Mandarin Customer Support Specialist 270.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

LIN, JICAI Mandarin Customer Support Specialist 271.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

LIU, CHENGKUN Mandarin Customer Support Specialist 272.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

LUO, QIN Mandarin Customer Support Specialist 273.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

WANG, XIANHAI Mandarin Customer Support Specialist 274.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

MOE MYINT NAING Myanmari Customer Support Representative 275.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

PYAE PHYO AUNG Myanmari Customer Support Representative 276.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

CHAWN YI FAIN Myanmari Customer Support Specialist 277.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

LE DINH TUAN Vietnamese Customer Service Representative 280.

Salary Range: Php 30,000 - Php 59,999

TRIVES TECHNOLOGY CORPORATION Tower 4 Bayport West, Naia Garden Residence, Naia Road, Tambo, City Of Parañaque CHONG CHEONG CHING Malaysian Customer Support Representative

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

Salary Range: Php 30,000 - Php 59,999

TIAN XIA TECHNOLOGIES INTERNATIONAL, INC. 6/f Filinvest Cyberzone Bldg. B, Superblock A Central Business Park 1 Bay City St., Barangay 76, Pasay City TEYU LIANG PENG Malaysian It Specialist

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

NGO THI HA Vietnamese Customer Service Representative 281.

Basic Qualification: Able to speak and write in MALAY and at least college level with related BPO experience.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in MALAY and at least college level with related BPO experience.

282.

283.

284.

Basic Qualification: Able to speak and write in MANDARIN and at least college level with related BPO experience.

Basic Qualification: Able to speak and write in MANDARIN and at least college level with related BPO experience.

285.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in MANDARIN and at least college level with related BPO experience.

GADKARI, AADITYA LAXMAN Group Manager - Finance 286.

287.

Salary Range: Php 30,000 - Php 59,999

288.

WANFANG TECHNOLOGY MANAGEMENT, INC. 6-9/f Tower 2 Double Dragon Plaza, Edsa Cor. Macapagal Ave., Barangay 76, Pasay City

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

ADITYA RAMADHAN Bahasa Language Customer Service Representative 289.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

AGUNG SEPTIAN Bahasa Language Customer Service Representative 290.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

AQMAL SYAHWAL ADI GUNARSA Bahasa Language Customer Service Representative 291.

Basic Qualification: Able to speak and write in Burmese and at least college level with related BPO experience.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Customer and client facing and strive to deliver excellent customer experience drive continuous improvement

OKTAVIA PANGESTU Bahasa Language Customer Service Representative

Basic Qualification: Able to speak and write in BURMESE and at least college level with related BPO experience.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for.

No.

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for.

293.

Salary Range: Php 30,000 - Php 59,999

294.

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for.

295.

296.

297.

Salary Range: Php 30,000 - Php 59,999

298.

299.

300.

301.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly.

ARIP PRIYATNA Bahasa Language Customer Service Representative 292.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in writing, reading and speaking in both english and korean/ bahasa/chinese/malay.

Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly.

RANGGA DARMAWANTARA Bahasa Language Customer Service Representative

302.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly.

ROBY LEEFIN Bahasa Language Customer Service Representative 303.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

STEPPHIN TANUJAYA Bahasa Language Customer Service Representative 304.

Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly.

MUHAMAD MIFTA FARID Bahasa Language Customer Service Representative

Salary Range: Php 150,000 - Php 499,999

Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly MAYA ANGELINA SUSANTO Bahasa Language Customer Service Representative

Basic Qualification: Experience of 2 years and above

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly.

IMMANUEL NOVAL LUCKY HERMAN Bahasa Language Customer Service Representative

Basic Qualification: Overall 18+ of experience with 2-3 of working experience in same role Salary Range: Php 90,000 - Php 149,999

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly.

ICHRAM MAULANA Bahasa Language Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

FERDIAN CHANDRA Bahasa Language Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly.

FELICIA CUACA Bahasa Language Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly.

EVAN FEBRIYANTO Bahasa Language Customer Service Representative

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for.

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly.

DANNES MARVEL LAIS Bahasa Language Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION BAGAS PUTRA TRIDERMAWAN Bahasa Language Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

ZIMI TECH, INC. 29th/f Burgundy Corporate Tower 252, Sen. Gil Puyat Ave., Pio Del Pilar, City Of Makati

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in BURMESE and at least college level with related BPO experience.

Brief Job Description: Candidate should be willing to work across 24/7.

Should have exposure/ worked in customer service based process NALAVADE, DEEPAK MANOHAR Senior Group Manager - Operations

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Mandarin and at least college level with related BPO experience.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

QUALIFICATION AND SALARY RANGE

WNS GLOBAL SERVICES PHILIPPINES, INC. 9/f 1880 Bldg., Eastwood City Cyberpark, Bagumbayan, Quezon City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Mandarin and at least college level with related BPO experience.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

PHAN THI GIAU Vietnamese Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Mandarin and at least college level with related BPO experience.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

PHAM VAN HIEP Vietnamese Customer Service Representative

Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

NGUYEN THI CHAM Vietnamese Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in MANDARIN and at least college level with related BPO experience.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

NGUYEN KHAC DUONG Vietnamese Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in Malay and at least college level with related BPO experience.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about other products and services.

A19

ESTABLISHMENT / ADDRESS

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

CAO VAN HOAN Vietnamese Customer Service Representative

Tuesday, November 8, 2022

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly.

STEVANUS ANDHIKA PUTRA Bahasa Language Customer Service Representative 305.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

VERY ARIANTO Bahasa Language Customer Service Representative 306.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

QUALIFICATION AND SALARY RANGE Basic Qualification: Proficient in writing, reading and speaking in both english and korean/ bahasa/chinese/malay.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both english and korean/ bahasa/chinese/malay.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both english and korean/ bahasa/chinese/malay.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both english and korean/ bahasa/chinese/malay.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both english and korean/ bahasa/chinese/malay.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both english and korean/ bahasa/chinese/malay.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both english and korean/ bahasa/chinese/malay.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both english and korean/ bahasa/chinese/malay.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both english and korean/ bahasa/chinese/malay.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay Salary Range: Php 30,000 - Php 59,999

ZTE PHILIPPINES INC. Unit 29 Fort Legend Towers, 3rd Ave. Corner 31st St., Fort Bonifacio, City Of Taguig SHI, ZUCHUN Project Manager 307.

Brief Job Description: Plan and develop the project idea. HADLE ZTE bidding backbone project.

Basic Qualification: Can speak, write, type in Mandarin language Salary Range: Php 30,000 - Php 59,999 *Date Generated: Nov 7, 2022

Any person in the Philippines who is competent, able and willing to perform the services for which the foreign national is desired may file an objection at DOLE National Capital Region located at DOLE-NCR Building, 967 Maligaya St., Malate Manila, within 30 days after this publication.

Please inform DOLE National Capital Region if you have any information on criminal offense committed by the foreign nationals.

Companies BusinessMirror

Editor: Jennifer A. Ng

Tuesday, November 8, 2022 B1

ICTSI’s income in Jan-Sept surges on global recovery

By Lorenz S. Marasigan @lorenzmarasigan

P

ort giant International Container Terminal Services Inc. (ICTSI) saw profits widening by almost half in January to September, thanks to the global economic recovery.

In absolute terms, ICTSI booked a net income attributable to equity holders of $465.1 million, a 47-percent increase from $316.4 million the year prior “primarily due to higher operating income, net foreign exchange gain, equity share in net profit of joint ventures, and interest income; partially tapered by increase in interest on loans, lease liabilities and concession rights payable, and depreciation and amortization charges.”

Gross revenues from port operations for the nine-month period was 20 percent higher at $1.64 billion com-

pared to the $1.37 billion reported in the same period in 2021 mainly due to volume growth and market recovery from the impact of the pandemic; favorable container mix; tariff adjustments at certain terminals; new contracts with shipping lines and services; and higher revenues from ancillary services; among others.

ICTSI handled a consolidated volume of 8,856,303 twenty-foot equivalent units (TEUs) in the January to September, 7 percent more than the 8,266,621 TEUs handled in the same period in 2021.

“We have delivered seven consecutive quarters of double-digit consolidated revenue growth which has helped offset inflationary pressure with our excellent performance being driven by volume growth, cost control and operating discipline,” ICTSI Chairman Enrique K. R azon said.

Consolidated cash operating expenses during the period was 14 percent higher at $438.1 million compared to $383.2 million in the same period in 2021, while consolidated f i na nc i ng c h a rges a nd other expenses went up by 24 percent to $130.8 million from $105.5 million the year prior.

Capital expenditures (capex) for the nine months amounted to $281.3 million. These were used to expand ports in the Phil-

ippines, Austra lia, the Democratic Republic of the Congo, Mexico, and the acquisition of land in the Philippines and in Brazil for new projects.

ICTSI has set a $330 -million capex for 2022.

“We remain mindful of the macro-economic environment and the potential impact this may have on our business but remain confident that we are wellpositioned to navigate the se headwinds through our agility, diversified portfolio and strong balance sheet. Our highly disciplined and talented team continues to work resolutely for the benefit of our stakeholders—all the time guided by our purpose, to make ports around the world a driver for positive and sustainable growth,” Razon said.

NMIA construction in full swing—DOTr

T

he Department of Transportation (DOTr) said on Monday the construction of the P735billion New Manila International Airport (NMIA) in Bulacan is now “in full swing,” committing to “work together” with San Miguel Corp. (SMC) to see the project completed within five years.

Transportation Secretary Jaime Bautista assured stakeholders that the “gateway will soon be open for business,” noting that the operations at the new airport are “targeted to start in 2027.”

He said his office is closely working with San Miguel Aerocity Inc. (SMAI), a unit of SMC, to ensure that the project is in complete compliance with con-

struction work requirements, including environmental protection conditions.

Once operational, the new gateway will help decongest the Ninoy Aquino International Airport and will help spur economic growth in Central Luzon.

To be built on a 2,400-hectare property in Bulakan, Bulacan, just north of Metro Manila, the $15-billion airport complex will have four runways, eight taxiways, and three passenger terminals. It also has provisions for future expansion to sport six runways and to accommodate 200 million passengers per year.

It is expected to raise tourist arrivals to 30 million visitors annually, generate over a million direct and in-

direct jobs, and contribute roughly P900 billion annually to the Philippine GDP by 2025.

Once built, the new international airport will be fully owned by the government under a “build-operate-transfer” program.

Under the 50-year concession agreement, SMAI will undertake the financing, design, construction, supply, completion, testing, commissioning, and operation and maintenance of the new international gateway.

SMC released in May a conceptual master plan for an “aerocity” in Bulacan, which is seen to complement its NMIA project.

Designed by Palafox Associates, the designs “ref lect the vision of a modern Philippine city that provides built-in solutions to various socioeconomic, environmental, and climate issues, and corrects the mistakes seen in many urban developments of Metro Manila,” SMC President Ramon S. Ang said. Lorenz S. Marasigan

Razon is one of most influential people in Asia’s gaming sector

By VG Cabuag @villygc

wo es i s Me lco R esor t s and Entertainment chairman and CEO Lawrence Ho, while his sister, MGM China co-chairperson and executive director Pansy Ho maintained her previous ranking.

B

illionaire Enrique K. Razon Jr. became the top ranked Filipino businessman in the list of 50 most influential people in the Asian gaming industry released by an industry magazine.

Razon, chairman of Bloomberry Resorts Corp., was ranked sixth in Asian Gaming Power 50 list. The said ranking is Inside Asian Gaming’s annual list of the 50 most influential individuals in the industry across the Asia-Pacific region. The ranking was made by a panel of judges that have decades of industry experience.

This was Razon’s highest ranking as he ranked 10th last year and 7th in 2020. The list was dominated by Macau’s players.

“Continuing to lead the way for the rapidly growing Philippines gaming industry, Razon’s latest jump is on the strength of his Entertainment City flagship Solaire, with a second IR [integrated resort] due to open in Quezon City in 2023 and a third planned for future development in Cavite,” it said.

Kingson Sian of Travellers International Hotel Group Inc. was ranked 27th; Daesik Han of Hann Philippines Inc., 34th; Thomas Arasi of Solaire, 38th; Alex Tengco of Philippine Amusement and Gaming Corp., 45th; Byron Yip of Okada Manila, 46th; and Alfredo Abelardo Bantug Benitez of Leisure and Resorts World Corp., 48th.

Nine people have fallen off this year’s list, with eight of the nine moving in to replace them and are appearing for the first time, including the chairman and CEO of Hann Philippines, Daesik Han.

Enrique K. Razon Jr.

Also included for the first time are Wynn Resorts CEO Craig Billings, Crown Resorts CEO Ciarán Carruthers and newly appointed PAGCOR chairman Alex Tengco.

The said announcement was made at a gala dinner in the City of Dreams Manila.

This was the first time that the event was held outside of Macau.

Galaxy Entertainment Group vice chairman Francis Lui has been named the most influential person in the Asian gaming industry for the fourth year in a row.

Moving into second spot in 2022 is Genting Group Chairman and CEO Lim Kok Thay, whose company has benefited from the global Covid-19 recovery given its strong position in Malaysia through Resorts World Genting and Singapore through Resorts World Sentosa.

“Despite the collapse of his cruise ship entity Genting Hong Kong, Lim has benefited from his lack of a presence in Macau—albeit a presence he is currently trying to establish—to climb one spot higher than a year ago,” the magazine said.

Dropping back to third on Macau’s

Rounding up the list of top five is Las Vegas Sands Chairman and CEO Rob Goldstein, buoyed by results in the second and third quarters of the company’s Singapore Marina Bay Sands.

PAL expands network of inter-island flights

L

egacy carrier Philippine Airlines (PAL) said it is expanding its domestic operations with the introduction of direct flights between Cebu and Cotabato City.

The latest addition to PAL’s network of inter-island flights from Cebu, Cebu-Cotabato route will start operations on December 1.

“We hope to contribute positively to the economic development of Cotabato City and the Bangsamoro region by launching this new link to progressive Cotabato City,” said PAL Vice President for Sales Bud Britanico.

PAL will operate the route twice per week.

Britanico said with the introduction of the new route, travelers can now travel more conveniently between Cotabato City and Boracay, Coron, Bacolod, Cagayan de Oro, Clark, Iloilo, Puerto Princesa, Tacloban, Siargao and Baguio by connecting through PAL’s Cebu hub, rather than connecting via Manila.

Likewise, travelers from Cebu may also opt to take the new route to connect to Tawi-Tawi.

The Cebu-Cotabato flights will be operated with De Havilland Dash 8 Series 400 Next Generation aircraft, an 86-seater highperformance turboprop offering faster speed and jet-like comfort in a quieter cabin.

“Philippine Airlines is also gearing up for the December peak holiday season by offering more flights out of Cebu to serve travelers living in the Central Visayas and Southern Mindanao regions. We want to do our part to connect families, encourage healthy business growth and spur holiday travel between these vital regions of the country,” Britanico said.

PAL announced last week that it is investing in a carbon reduction program that will enable it to attain net zero carbon emissions by 2050.

Lorenz S. Marasigan

The quick brown fox jump

B2

Tuesday, November 8, 2022

Companies BusinessMirror

SM Prime 9-month income rises as economy recovers

S

By VG Cabuag @villygc

hopping mall operator SM Prime Holdings Inc. on Monday s a id it s i ncome i n January to September rose by 41 percent to P22 billion from last year’s P15.6 billion.

Consolidated revenues came in at P73.7 billion, a 30-percent growth from last year’s P56.8 billion. Consolidated operating income went up by 61 percent to P34.6 billion in from P21.6 billion last year.

For the third quarter alone, the company said its net income reached P7.9 billion, almost double from P4 billion the previous year. Consolidated revenues in the third quarter have reached P27.3 billion, 74 percent higher

than last year’s P15.7 billion, while consolidated operating income rose to P13.3 billion from the previous P5.5 billion.

“We are happy to report very encouraging results of our third quarter operations, which is aligned with the improvement in the local economy. With this, we are ready to proceed with our business plans to continually deliver value for our stakeholders,” SM Prime president Jeffrey Lim said.

Revenues of SM Prime, which now account for 46 percent of the company’s consolidated revenues, surged to P33.9 billion in the three quarters of the year from P15.8 billion last year.

In July, SM Supermalls annou nced t he resu mpt ion of charging full rental fees across its Philippines malls after more

SMC begins tender offer for ECC shares

A

unit of conglomerate San Miguel Corp. (SMC) on Monday has started the tender offer for the shares held by minority owners of Eagle Cement Corp. (ECC).

In its disclosure, San Miguel advised regulators that San Miguel Equity Investments Inc. (SMEII) has launched its tender offer for the 11.5 percent stake of the minority owners of Eagle Cement. The tender offer period will run until December 5 and will be crossed through the Philippine Stock Exchange on December 14.

San Miguel is already acquiring the 88.5 percent of Eagle Cement for P97.32 billion.

The transaction involves the purchase of a total of 4.42 billion common shares, for P22.02 per share, of the total outstanding and issued capital stock of Eagle Cement by SMEII. The acquired shares will come from the Ang family, including those from Far East Holdings Inc. and the company’s president and CEO Ramon S. Ang, Eagle Cement’s president John Paul L. Ang and his sister Monica L. Ang, who is also Eagle’s CFO. “The acquisition of ECC offers a com-

plementary approach to the current investment strategy of SMC in the cement industry, will increase its foothold in the cement business and provide the opportunity to implement its plan to expand its cement business,” San Miguel said in its previous disclosure.

“The transaction shall be by way of acquisition by the purchaser of the sale shares from the selling shareholders. The closing of the transaction is subject to the approval by the Philippine Competition Commission.”

Ramon Ang is also San Miguel’s president and CEO, while son John Paul is also a director at the conglomerate. The company said the two did not participate in the approval of the board of the said acquisition.

“The consideration was the result of negotiations between the purchaser and the sellers, and the basis for the negotiation and determination of the sale price was the valuation undertaken by an independent firm using global valuation standards,” San Miguel said.

Eagle’s main products are cement bags and in bulk sold under its own brands. It owns a cement production facility located in Barangay Akle in San Ildefonso, Bulacan and a grinding and packaging facility in Limay, Bataan. The company currently distributes its products only in the Luzon region through its distribution centers in Metro Manila, Region 4-A and Region I. It currently has three subsidiaries—South Western Cement Corp., KB Space Holdings Inc. and Solid North Mineral Corp. VG Cabuag

than two years of providing rent concessions to its tenants.

SM Prime’s local malls reported P30.4 billion in rental income, double from last year’s P15.2 billion. SM Prime’s cinemas, event ticket sales and other revenues surged to P3.5 billion from P600 million in the same period last year. SM Prime’s China mall business recorded RMB0.55 billion for the period, 7 percent lower than last year’s RMB0.59 billion.

SM Prime’s residential business group, led by SM Development Corp. (SMDC), reported P10.1 billion in revenues in the third quarter, 32 percent higher than last year’s P7.6 billion. This made up the residential business segment’s revenues of P28.3 billion in the nine months, 12 percent lower than last year’s P32.1 billion.

mutual funds

SMDC’s reservation sales increased by 15 percent to P24.5 billion in July to September from the previous year’s P21.2 billion. This increase has brought SMDC ’s reser vat ion sa les to P83.9 billion in the three quarters, 10 percent higher than the P76.3 billion in the previous year.

SM Prime’s other key businesses, which include offices, hotels and convention centers, generated P7.2 billion in revenues in January to September, a 56-percent increase from P4.6 billion last year.

The company’s office business segment posted P4.4 billion in revenues, 17 percent higher from P3.8 billion last year, while the hotels and convention centers business seg ment ’s revenues reached P2.8 billion, triple from the previous year’s P900 million.

November 7, 2022

www.businessmirror.com.ph

PSE STOCK QUOTATIONS

November 7, 2022

Net Foreign Stocks Bid Ask Open High Low Close Volume Value Trade (Peso) Buy (Sell) FINANCIALs

ASIA UNITED 41 41.5 41.45 41.45 41.05 41.05 8,400 345,740 (20,525) 130 130.1 127 130 126.8 130 3,815,710 491,224,275 254,285,176 BDO UNIBANK 8.1 8.15 8.18 8.18 8.17 8.18 11,300 92,410 BANK COMMERCE 96.7 96.95 96.85 97.5 96.2 96.95 2,162,910 209,745,008.5 (11,512,398) BANK PH ISLANDS 26.5 26.6 26.55 26.6 26.45 26.5 66,000 1,749,175 13,250 CHINABANK EAST WEST BANK 5.81 5.9 5.9 5.9 5.8 5.9 64,000 377,080 (100,984) METROBANK 52 52.2 52 52.2 51.65 52.2 1,202,050 62,544,670 8,105,473 PB BANK 7.54 8.09 8.09 8.09 8.09 8.09 300 2,427 (2,427) PHIL NATL BANK 19.5 19.56 19.4 19.7 19.32 19.56 261,500 5,088,562 (2,374,056) 55.5 57 58.9 58.9 56 56 770 43,206 1,120 PSBANK 25 25.55 25.7 25.8 24 25.55 211,300 5,360,810 25,550 RCBC 87.6 88 87.5 88.35 86.2 88 618,430 54,424,791 (4,436,978.5) SECURITY BANK 77.9 77.95 79.95 79.95 77.5 77.9 101,790 7,930,981.5 5,287,095 UNION BANK 1.27 1.32 1.28 1.28 1.27 1.27 27,000 34,390 BRIGHT KINDLE COL FINANCIAL 3.1 3.11 3.12 3.12 3.11 3.11 93,000 289,910 885 900 880.5 880.5 880 880 120 105,605 96,800 MANULIFE NTL REINSURANCE 0.63 0.67 0.61 0.61 0.61 0.61 2,000 1,220 160.1 162 160 162 160 162 1,260 203,420 16,000 PHIL STOCK EXCH 2,310 2,350 2350 2,350 2,350 2,350 25 58,750 SUN LIFE

INDUSTRIAL ACEN CORP 6.03 6.05 6.12 6.14 5.99 6.05 5,760,400 34,824,903 (6,954,753) 0.79 0.83 0.79 0.79 0.79 0.79 31,000 24,490 ALSONS CONS 33.5 33.6 32.5 33.75 32.5 33.5 1,500,700 49,838,770 (1,805,935) ABOITIZ POWER 1.68 1.7 1.68 1.7 1.68 1.68 108,000 181,730 RASLAG BASIC ENERGY 0.295 0.31 0.31 0.31 0.295 0.295 1,030,000 309,750 15.36 15.4 15.4 15.8 15.32 15.36 1,186,700 18,245,476 (497,842) FIRST GEN FIRST PHIL HLDG 60.4 61.5 60.4 61.9 60.4 60.4 7,760 475,159.5 215,509.5 MERALCO 305 308.6 308.8 308.8 302.2 308.6 315,950 97,007,476 (9,616,232) 16.3 16.36 15.6 16.38 15.6 16.36 1,437,800 23,020,548 1,363,026 MANILA WATER 2.41 2.42 2.42 2.45 2.4 2.41 252,000 609,180 (244,220) PETRON 8.1 8.48 7.8 8.48 7.8 8.48 6,300 52,452 PHX PETROLEUM 11.46 11.48 11.38 11.5 11.36 11.46 571,900 6,532,998 (1,418,064) SYNERGY GRID 17.6 17.7 17.6 17.7 17.52 17.7 61,600 1,089,078 47,720 PILIPINAS SHELL SPC POWER 9.8 9.85 9.95 10 9.8 9.8 57,300 568,185 (29,245) SOLAR PH 1.15 1.17 1.15 1.17 1.14 1.17 7,420,000 8,587,860 579,900 AGRINURTURE 7.3 7.35 7 7.37 6.98 7.35 2,922,100 21,060,838 4,251,610 AXELUM 2.52 2.56 2.58 2.58 2.51 2.52 771,000 1,943,310 (934,820) 24 24.2 24 24.25 24 24.2 428,500 10,320,770 (131,085) CENTURY FOOD 7.4 7.42 7.22 7.43 7.2 7.4 2,053,700 15,148,230 (9,396,916) DNL INDUS 19.9 19.92 19.8 19.9 19.72 19.9 4,958,600 98,592,074 (91,240,990) EMPERADOR 35 35.5 35.1 35.5 34.5 35 164,000 5,733,895 (3,564,235) SMC FOODANDBEV 0.6 0.61 0.59 0.62 0.59 0.61 2,679,000 1,628,970 105,430 FIGARO COFFEE ALLIANCE SELECT 0.52 0.54 0.52 0.54 0.52 0.54 35,000 18,220 0.98 0.99 0.97 1 0.95 0.97 3,989,000 3,874,240 (19,600) FRUITAS HLDG GINEBRA 105.8 106.4 105.8 106 105.8 106 12,470 1,321,326 1,000,600 JOLLIBEE 229 230 228 230.6 224.2 229 732,880 167,320,214 21,459,456 1.08 1.1 1.1 1.1 1.08 1.1 71,000 77,580 KEEPERS HLDG 4.45 4.48 4.4 4.45 4.4 4.45 29,000 128,850 MAXS GROUP 0.106 0.11 0.107 0.113 0.106 0.113 700,000 76,580 MG HLDG 11.64 11.92 11.5 11.92 11.5 11.92 2,437,400 28,673,642 150,721.9996 MONDE NISSIN 7.4 7.43 7.4 7.43 7.4 7.43 8,600 63,880 SHAKEYS PIZZA ROXAS AND CO 0.46 0.47 0.455 0.46 0.455 0.46 1,270,000 577,900 (250,250) RFM CORP 3.78 3.8 3.8 3.8 3.8 3.8 16,000 60,800 (60,800) ROXAS HLDG 0.81 0.9 0.9 0.9 0.9 0.9 2,000 1,800 0.082 0.088 0.082 0.082 0.082 0.082 150,000 12,300 SWIFT FOODS 127.8 128.5 126.4 128.5 124.5 128.5 1,312,260 166,503,921 58,226,474 UNIV ROBINA 0.56 0.58 0.59 0.59 0.56 0.58 44,000 25,190 VITARICH 36.5 38 36.5 38 36.5 38 200 7,450 CONCRETE A 0.66 0.67 0.67 0.67 0.65 0.66 301,000 198,750 (26,960) CEMEX HLDG 21.5 21.6 21.1 21.6 20.8 21.5 1,462,100 31,148,990 (420,700) EAGLE CEMENT EEI CORP 3.21 3.24 3.24 3.24 3.24 3.24 5,000 16,200 3.81 3.93 3.94 3.94 3.94 3.94 33,000 130,020 3,940 HOLCIM MEGAWIDE 3.35 3.42 3.47 3.47 3.3 3.42 258,000 874,280 (327,730) PHINMA 19.5 19.8 19.6 19.84 19.4 19.84 9,100 177,838 0.55 0.58 0.59 0.59 0.55 0.55 2,000 1,140 TKC METALS 0.85 0.86 0.81 0.85 0.8 0.85 865,000 720,290 VULCAN INDL 1.46 1.52 1.52 1.53 1.49 1.49 34,000 51,180 (1,520) CROWN ASIA 6.2 6.31 6.31 6.31 6.2 6.31 2,700 16,907 (7,442) MABUHAY VINYL 15.38 15.94 15.18 15.94 15.18 15.94 400 6,300 CONCEPCION GREENERGY 1.65 1.66 1.65 1.66 1.63 1.66 1,465,000 2,415,850 1,146,760 INTEGRATED MICR 5 5.2 4.9 5.2 4.9 5.01 57,000 285,500 (15,150) IONICS 0.49 0.51 0.5 0.5 0.5 0.5 50,000 25,000 5.05 5.4 5.39 5.39 5.39 5.39 600 3,234 PANASONIC 1.51 1.54 1.48 1.54 1.46 1.51 349,000 520,610 99,890 SFA SEMICON 2.5 2.52 2.54 2.54 2.48 2.5 382,000 956,980 12,580 CIRTEK HLDG

HOLDING & FRIMS

NAV One Year Three Year Five Year Y-T-D per share Return* Return Stock Funds Primarily invested in Peso securities (shares) ALFM Growth Fund, Inc. -a 198.76 -13.12% -8.33% -7.44% -14.73% ATRAM Alpha Opportunity Fund, Inc. -a 1.2709 -23.86% -5.8% -4.67% -23.63% ATRAM Philippine Equity Opportunity Fund, Inc. -a 2.7289 -14.58% -11.44% -9.79% -15.72% Climbs Share Capital Equity Investment Fund Corp. -a 0.6645 -11.83% -10.96% -8.07% First Metro Consumer Fund, Inc -a,4 0.6292 -20.6% -10.27% n.a. -18.38% First Metro Save and Learn Equity Fund,Inc. -a 4.4134 -14.14% -6.87% -5.88% -14.84% First Metro Save and Learn Philippine Index Fund, Inc. -a,3 0.6638 -13.97% n.a. n.a.

-15.26% MBG Equity Investment Fund, Inc. -a 76.44 -22.87% -12.39% n.a.

-19.05% PAMI Equity Index Fund, Inc. -a 40.6941 -13.96% -8.26% -6.18% -15.45% Philam Strategic Growth Fund, Inc. -a 423.25 -13.9% -8.2% -6.31% -15.47% Philequity Dividend Yield Fund, Inc. -a 1.1552 -10.53% -4.45% -3.86% -14.83% Philequity Fund, Inc. -a 31.6602 -11.87% -6.69% -5.01% -13.49% Philequity MSCI Philippine Index Fund, Inc. -a 0.7998 -13.54% -8.53% n.a. -15.04% Philequity PSE Index Fund Inc. -a 4.2353 -13.08% -7.55% -5.62% -14.62% Philippine Stock Index Fund Corp. -a 705.48 -13.27% -7.62% -5.64% -14.85% Soldivo Strategic Growth Fund, Inc. -a 0.6274 -15.92% -11.54% -8.24% -16.64% Sun Life Prosperity Philippine Equity Fund, Inc. -a 3.1826 -14.22% -9.75% -6.97% -15.7% Sun Life Prosperity Philippine Stock Index Fund, Inc. -a 0.8029 -13.48% -7.9% -5.93% -14.99% United Fund, Inc. -a 2.9513 -13.46% -7.61% -5.17% -14.14% Primarily invested in Peso securities (units) COL Equity Index Unitized Mutual Fund, Inc. -a,5 0.998 n.a. n.a. n.a. n.a.

Philequity Alpha One Fund, Inc. -a 0.974 -15.67% n.a. n.a. -16.23% Philippine Stock Index Fund Corp. -a 857.61 n.a. n.a. n.a. n.a.

Exchange Traded Fund (shares) First Metro Phil. Equity Exchange Traded Fund, Inc. -a,c 95.1795 -12.99% -7.44% -5.38% -14.62% Primarily invested in foreign currency securities (shares) ATRAM AsiaPlus Equity Fund, Inc. -b $0.7615 -34.68% -8.84% -7.04% -32.4% Sun Life Prosperity World Voyager Fund, Inc. -a $1.3654 -26.79% 1.07% 2.04% -26.05% Balanced Funds Primarily invested in Peso securities (shares) ATRAM Dynamic Allocation Fund, Inc. -a 1.485 -12.09% -2.45% -4.39% -12.23% ATRAM Philippine Balanced Fund, Inc. -a 2.0131 -10.17% -4.1% -3.87% -11.76% First Metro Save and Learn Balanced Fund Inc. -a 2.4163 -9.88% -3.25% -2.67% -10.21% First Metro Save and Learn F.O.C.C.U.S. Dynamic Fund, Inc. -a 0.1879 -6.1% -7.46% n.a.

NCM Mutual Fund of the Phils., Inc. -a 1.8341 -8.21% -2.47% -1.56% -9.05% PAMI Horizon Fund, Inc. -a 3.3353 -10.55% -4.55% -3.18% -11.42% Philam Fund, Inc. -a 14.8102 -11.28% -4.8% -3.37% -12.08% Solidaritas Fund, Inc. -a 1.9328 -7.84% -3.72% -2.95% -8.89% Sun Life of Canada Prosperity Balanced Fund, Inc. -a 3.2101 -11.19% -6.5% -4.25% Sun Life Prosperity Dynamic Fund, Inc. -a 0.8428 -9.81% -5.4% -3.62% -11.67% Primarily invested in Peso securities (units) Sun Life Prosperity Achiever Fund 2028, Inc. -a 0.881 -10.57% -5.1% n.a. -10.99% Sun Life Prosperity Achiever Fund 2038, Inc. -a 0.7903 -15.22% -8.15% n.a. -16.33% Sun Life Prosperity Achiever Fund 2048, Inc. -a 0.7764 -15.83% -8.61% n.a. -16.86% Primarily invested in foreign currency securities (shares) Cocolife Dollar Fund Builder, Inc. -a $0.03124 -17.55% -6.37% -2.87% -17.66% PAMI Asia Balanced Fund, Inc. -b $0.7899 -26.17% -8.1% -5.46% -25.98% Sun Life Prosperity Dollar Advantage Fund, Inc. -a $3.6991 -23.45% -0.95% 0.64% -22.97% Sun Life Prosperity Dollar Wellspring Fund, Inc. -a,2 $0.9494 -21.11% -4.01% -1.79% Bond Funds Primarily invested in Peso securities (shares) ALFM Peso Bond Fund, Inc. -a 375.63 0.73% 1.82% 2.23% 0.36% ATRAM Corporate Bond Fund, Inc. -a 1.8631 -3.2% -1.07% -0.41% -1.15% Cocolife Fixed Income Fund, Inc. -a 3.2075 -1.07% 1.19% 2.77% -1.13% Ekklesia Mutual Fund Inc. -a 2.1494 -4.14% -1.03% 0.33% -4.53% First Metro Save and Learn Fixed Income Fund,Inc. -a 2.3832 -1.55% 0.51% 1.46% Philam Bond Fund, Inc. -a 4.1181 -6.48% -1.74% 0.2% -6.31% Philam Managed Income Fund, Inc. -a 1.3139 -0.3% 1.75% 2.61% -0.39% Philequity Peso Bond Fund, Inc. -a 3.8255 -3.38% 0.62% 1.81% -3.54% Soldivo Bond Fund, Inc. -a 1.0059 -0.78% 1.72% 1.59% -2.17% Sun Life of Canada Prosperity Bond Fund, Inc. -a 3.1014 -2.66% 0.5% 2.21% -2.7% Sun Life Prosperity GS Fund, Inc. -a 1.6773 -2.92% -0.2% 1.56% -3.08% Primarily invested in foreign currency securities (shares) ALFM Dollar Bond Fund, Inc. -a $476.55 -2.42% 0.74% 1.38% -2.66% ALFM Euro Bond Fund, Inc. -a Є207.69 -5.53% -1.85% -0.55% -5.6% ATRAM Total Return Dollar Bond Fund, Inc. -b $0.9825 -17.95% -6.53% -2.83% -18.39% First Metro Save and Learn Dollar Bond Fund, Inc. -a $0.0237 -8.85% -2.79% -1.06% PAMI Global Bond Fund, Inc -b $0.8348 -18.26% -8.6% -5.06% -18.38% Philam Dollar Bond Fund, Inc. -a $2.0707 -16.81% -4.69% -1.61% -17.36% Philequity Dollar Income Fund Inc. -a $0.0594427 -4.83% -0.44% 0.66% -4.57% Sun Life Prosperity Dollar Abundance Fund, Inc. -a $2.5698 -18.55% -6.6% -3.13% -19.6% Money Market Funds Primarily invested in Peso securities (shares) ALFM Money Market Fund, Inc. -a 132.97 1.57% 2.04% 2.53% 1.36% First Metro Save and Learn Money Market Fund, Inc. -a 1.0695 1.24% 1.34% n.a.

Sun Life Prosperity Peso Starter Fund, Inc. -a,1 1.3336 1.6% 1.94% 2.42% 1.37% Primarily invested in Peso securities (units) ALFM Money Market Fund, Inc. -a 100 n.a. n.a. n.a. n.a.

Primarily invested in foreign currency securities (shares) Sun Life Prosperity Dollar Starter Fund, Inc. -a $1.0676 0.74% 1.05% 1.31% 0.66% Feeder Funds Primarily invested in Peso securities (units) ALFM Global Multi-Asset Income Fund Inc. -a 44.2347 n.a. n.a. n.a. n.a.

Sun Life Prosperity World Equity Index Feeder Fund, Inc. -a 1.223 -10.87% n.a. n.a.

-11.56% Primarily invested in foreign currency securities (units) ALFM Global Multi-Asset Income Fund Inc. -a $0.7778 -20.63% n.a. n.a. -19.81%

-12.16%

-10.1%

-11.98%

-20.79%

-1.76%

-8.85%

1.12%

1 - Renaming was approved by the SEC last July 8, 2021 (formerly, Sun Life Prosperity Money Market Fund, Inc.).

2 - Adjusted due to stock dividend issuance last November 25, 2021. 3 - Re-classified into a Index Fund starting December 5, 2019 (formerly an Equity Fund) 4 - Renaming was approved by the SEC last October 14, 2021 (formerly, First Metro Consumer Fund on MSCI Phils. IMI, Inc.).

5 - Launch date is October 4, 2022.

"While we endeavor to keep the information accurate, the Philippine Investment Funds Association (PIFA) and its members make no warranties as to the correctness of the newspaper’s publication and assume no liability or responsibility for any error or omissions. You may visit http://www.pifa.com.ph to see the latest NAVPS/NAVPU."

ABACORE CAPITAL 2.39 2.4 2.35 2.43 2.34 2.4 7,104,000 17,015,390 1,707,600 648 657 635 659.5 635 657 269,020 175,226,205 12,218,735 AYALA CORP 57.15 57.2 56 57.3 56 57.2 1,472,050 84,158,571.5 (8,283,283) ABOITIZ EQUITY 8.95 8.97 8.94 9 8.88 8.97 1,210,500 10,857,034 (2,719,310) ALLIANCE GLOBAL 8.5 8.7 8.7 8.7 8.7 8.7 1,200 10,440 ANSCOR ATN HLDG A 0.355 0.36 0.355 0.355 0.355 0.355 260,000 92,300 3.93 3.94 4 4 3.92 3.94 290,000 1,143,570 (204,350) COSCO CAPITAL DMCI HLDG 9.59 9.61 9.67 9.67 9.5 9.59 2,019,800 19,368,218 (3,068,892) FILINVEST DEV 6.4 6.64 6.4 6.4 6.4 6.4 68,100 435,840 45.8 45.85 44.5 45.9 44 45.8 2,320,000 105,236,405 2,043,885 JG SUMMIT 0.51 0.54 0.51 0.59 0.51 0.59 59,000 30,210 LODESTAR 2.95 2.99 2.95 2.95 2.95 2.95 594,000 1,752,300 (1,752,300) LOPEZ HLDG 8.73 8.74 8.5 8.73 8.5 8.73 3,328,700 28,840,579 5,992,235 LT GROUP 3.63 3.64 3.67 3.67 3.55 3.63 16,561,000 59,677,290 (19,997,360) METRO PAC INV PACIFICA HLDG 1.9 1.98 1.93 1.99 1.93 1.99 50,000 99,110 1.66 1.69 1.65 1.7 1.65 1.7 93,000 154,200 PRIME MEDIA 0.81 0.82 0.81 0.82 0.81 0.82 109,000 88,390 (8,100) SOLID GROUP SM INVESTMENTS 835 836.5 830 839.5 820.5 835 214,730 178,839,685 42,998,530 98.8 99.1 99 99.1 98.5 99.1 31,910 3,158,247 2,029,992.5 SAN MIGUEL CORP 0.235 0.27 0.235 0.27 0.235 0.27 460,000 108,450 WELLEX INDUS

PROPERTY ARTHALAND CORP 0.48 0.51 0.48 0.48 0.48 0.48 108,000 51,840 25.7 25.75 25.8 26.1 25.7 25.7 5,469,300 141,016,125 (15,797,475) AYALA LAND 3.24 3.25 3.26 3.26 3.22 3.25 661,000 2,147,230 (1,589,250) AYALA LAND LOG 11.8 12.86 11.7 12.86 11.7 12.86 200 2,456 ALTUS PROP ARANETA PROP 1.09 1.1 1.06 1.11 1.06 1.11 32,000 35,140 14,300 AREIT RT 31.3 31.5 31.45 31.6 31.1 31.5 433,400 13,591,630 (10,404,570) A BROWN 0.72 0.75 0.75 0.75 0.75 0.75 2,000 1,500 0.64 0.66 0.66 0.66 0.66 0.66 26,000 17,160 CITYLAND DEVT 0.077 0.078 0.077 0.077 0.077 0.077 830,000 63,910 CROWN EQUITIES 2.62 2.67 2.59 2.7 2.59 2.67 581,000 1,534,010 (59,570) CEB LANDMASTERS 0.335 0.345 0.335 0.35 0.335 0.34 1,520,000 518,900 51,849.9998 CENTURY PROP 2.08 2.09 2.05 2.1 2.05 2.1 1,297,000 2,695,260 373,899.9999 CITICORE RT 6.28 6.3 6.06 6.28 6 6.28 207,500 1,261,283 117,026 DOUBLEDRAGON DDMP RT 1.23 1.24 1.2 1.24 1.2 1.23 1,366,000 1,680,850 (227,050) DM WENCESLAO 6.59 6.6 6.58 6.59 6.58 6.59 36,900 243,102 0.183 0.19 0.182 0.183 0.182 0.183 50,000 9,110 EMPIRE EAST 0.246 0.255 0.247 0.255 0.247 0.25 550,000 136,080 EVER GOTESCO 5.62 5.7 5.74 5.75 5.6 5.62 151,700 857,984 (51,732) FILINVEST RT 0.8 0.83 0.8 0.83 0.79 0.83 1,257,000 1,018,070 155,610 FILINVEST LAND 0.83 0.85 0.85 0.85 0.85 0.85 50,000 42,500 GLOBAL ESTATE 9.8 9.89 9.79 9.89 9.79 9.89 19,200 188,462 8990 HLDG 0.88 0.91 0.91 0.91 0.91 0.91 57,000 51,870 PHIL INFRADEV CITY AND LAND 0.71 0.74 0.71 0.71 0.71 0.71 41,000 29,110 4,260 MEGAWORLD 2.05 2.08 2.06 2.08 2.04 2.05 18,122,000 37,291,610(26 ,186,630.0003) MRC ALLIED 0.174 0.176 0.174 0.176 0.174 0.176 670,000 116,940 12.48 12.5 12.68 12.68 12.5 12.5 279,200 3,499,598 (1,006,080) MREIT RT 0.315 0.34 0.315 0.335 0.315 0.32 230,000 73,500 450 OMICO CORP 0.405 0.415 0.405 0.405 0.405 0.405 450,000 182,250 PHIL ESTATES 2.27 2.46 2.46 2.46 2.46 2.46 1,000 2,460 PRIMEX CORP 5.04 5.05 5.05 5.09 5.03 5.05 1,283,500 6,479,371 (5,700,081) RL COMM RT 15.2 15.28 14.82 15.38 14.82 15.28 1,022,400 15,530,128 (1,611,068) ROBINSONS LAND ROCKWELL 1.31 1.32 1.32 1.32 1.3 1.3 11,000 14,400 6,600 SHANG PROP 2.52 2.57 2.57 2.57 2.57 2.57 1,000 2,570 2.97 3.01 3 3.01 2.92 3.01 31,000 92,490 STA LUCIA LAND 33.35 34 32.3 34 32.1 34 7,211,800 240,707,135 80,862,655 SM PRIME HLDG 0.93 0.96 0.93 0.97 0.93 0.96 6,000 5,680 SUNTRUST RESORT 1.68 1.71 1.63 1.71 1.63 1.71 411,000 697,850 354,580 VISTA LAND 1.49 1.5 1.47 1.51 1.47 1.49 387,000 577,510 163,50 VISTAREIT RT

SERVICES ABS CBN 7.81 7.9 7.61 7.99 7.61 7.9 84,400 665,536 10.3 10.34 10.36 10.42 10.3 10.34 113,700 1,175,158 GMA NETWORK 6.12 7.38 7.44 7.44 7.44 7.44 500 3,720 MLA BRDCASTING 2,304 2,308 2300 2,316 2,258 2,304 46,440 106,966,240 26,960,220 GLOBE TELECOM PLDT 1,595 1,599 1614 1,621 1,576 1,599 74,680 119,016,830 14,404,600 APOLLO GLOBAL 0.026 0.027 0.027 0.028 0.026 0.027 83,400,000 2,221,400 11.9 11.94 11.98 12.2 11.8 11.9 10,050,700 119,635,974 (14,433,806) CONVERGE DFNN INC 3.05 3.26 3.19 3.29 3.01 3.29 93,000 296,810 (12,760) 2.77 2.78 2.8 2.84 2.75 2.77 931,000 2,600,380 (1,214,750) DITO CME HLDG 0.88 0.89 0.88 0.89 0.87 0.88 479,000 420,280 NOW CORP 0.215 0.218 0.219 0.219 0.215 0.215 400,000 86,680 (0) TRANSPACIFIC BR 6.23 6.5 6.5 6.5 6.5 6.5 200 1,300 2GO GROUP 1.11 1.13 1.13 1.13 1.13 1.13 91,000 102,830 CHELSEA CEBU AIR 35.6 35.65 36 36 35.5 35.65 84,900 3,025,650 (2,536,975) INTL CONTAINER 189.5 190 177.8 191 174 190 3,465,610 645,291,432 39,946,940 LBC EXPRESS 16.2 21.2 16.1 16.1 16.1 16.1 100 1,610 4.7 4.75 4.6 4.76 4.6 4.71 797,000 3,749,320 (1,585,310) MACROASIA 5.9 5.93 5.7 5.93 5.7 5.93 4,900 27,976 PAL HLDG 1.16 1.17 1.14 1.18 1.14 1.17 140,000 162,870 HARBOR STAR 1.4 1.62 1.62 1.62 1.62 1.62 3,000 4,860 ACESITE HOTEL 530 595 530.5 530.5 530.5 530.5 710 376,655 FAR EASTERN U 5.61 6.85 6.5 6.85 6.5 6.85 20,000 130,070 IPEOPLE STI HLDG 0.315 0.325 0.32 0.32 0.32 0.32 160,000 51,200 1.15 1.18 1.17 1.18 1.14 1.18 642,000 741,240 BELLE CORP 7.14 7.15 7.18 7.18 7.04 7.15 2,135,200 15,213,011 900,847 BLOOMBERRY PACIFIC ONLINE 1.43 1.47 1.44 1.47 1.44 1.47 27,000 39,030 3 3.02 2.95 3.04 2.9 3 4,243,000 12,690,800 (899,990) LEISURE AND RES 0.82 0.84 0.8 0.84 0.8 0.82 421,000 348,480 (8,570) PH RESORTS GRP 0.465 0.47 0.45 0.475 0.45 0.47 23,450,000 10,925,500 (582,800) PREMIUM LEISURE 2.82 2.83 2.77 2.84 2.76 2.82 747,000 2,102,120 101,130 PHILWEB 0.246 0.249 0.247 0.255 0.245 0.249 5,770,000 1,425,220 17,100 ALLDAY ALLHOME 2.64 2.65 2.65 2.65 2.61 2.64 178,000 469,110 (217,380) METRO RETAIL 1.36 1.4 1.32 1.39 1.32 1.39 191,000 262,630 30.65 30.8 30.7 30.8 30.1 30.8 463,700 14,200,600 5,963,890 PUREGOLD ROBINSONS RTL 53.55 53.9 54.65 54.75 53.1 53.55 2,990 161,119 (8,012.5) 66.05 68.95 69 69 66.05 66.05 286,700 18,954,714.5 1,321 PHIL SEVEN CORP 1.38 1.39 1.35 1.38 1.34 1.38 350,000 478,800 231,530 SSI GROUP 29.95 30.1 30.05 30.1 29.95 30.1 715,400 21,505,765 3,813,700 WILCON DEPOT 0.19 0.205 0.18 0.208 0.18 0.205 390,000 80,210 APC GROUP 3.41 3.93 4.1 4.1 3.94 3.94 2,000 8,040 EASYCALL IPM HLDG 6.3 6.5 6.3 6.3 6.3 6.3 300 1,890 0.76 0.77 0.86 0.86 0.77 0.77 8,947,000 7,124,950 29,550 MEDILINES PRMIERE HORIZON 0.26 0.275 0.27 0.285 0.26 0.26 5,070,000 1,389,400 (40,100) SBS PHIL CORP 3.55 3.58 3.58 3.58 3.58 3.58 1,000 3,580

MINING & OIL ATOK 7.55 7.82 7.8 7.86 7.75 7.83 4,300 33,414 1.53 1.54 1.51 1.56 1.51 1.54 1,557,000 2,407,290 (18,960) APEX MINING 3.34 3.35 3.3 3.38 3.3 3.35 601,000 2,006,760 121,180 ATLAS MINING 4.19 4.23 4.22 4.22 4.22 4.22 4,000 16,880 BENGUET A BENGUET B 4.08 4.2 4.07 4.19 4.07 4.19 27,000 111,030 2.57 2.65 2.68 2.68 2.68 2.68 20,000 53,600 53,600 CENTURY PEAK FERRONICKEL 2.2 2.24 2.21 2.27 2.2 2.24 368,000 822,970 55,400 GEOGRACE 0.18 0.182 0.18 0.182 0.18 0.181 900,000 162,800 0.104 0.106 0.104 0.105 0.104 0.104 160,000 16,690 LEPANTO A 0.106 0.12 0.106 0.106 0.106 0.106 200,000 21,200 LEPANTO B 0.0091 0.0096 0 0.0094 0.0095 0.0094 0.0095 7,000,000 66,300 MANILA MINING A 1.29 1.32 1.33 1.33 1.29 1.32 469,000 616,030 3,960 MARCVENTURES 0.81 0.86 0.81 0.81 0.8 0.81 27,000 21,800 (18,560) NIHAO NICKEL ASIA 5.19 5.2 5.28 5.32 5.2 5.2 4,233,500 22,208,570 2,549,198 ORNTL PENINSULA 0.68 0.7 0.7 0.7 0.67 0.7 171,000 116,830 2.36 2.37 2.29 2.38 2.29 2.36 1,965,000 4,596,560 ( 174,510.0003) PX MINING SEMIRARA MINING 33.05 33.15 34.15 35 33.05 33.05 4,622,100 155,529,225 6,906,235 12.78 12.8 12.7 12.78 12.6 12.78 8,900 113,066 ACE ENEXOR 0.01 0.011 0.01 0.01 0.01 0.01 600,000 6,000 ORNTL PETROL A 0.0091 0.0093 0 0.0091 0.0093 0.0091 0.0091 6,000,000 54,800 PHILODRILL 6.1 6.12 6 6.15 6 6.1 240,200 1,456,093 (12,200) PXP ENERGY

PREFFERED

HOUSE PREF A 96.75 101.1 101.1 101.1 101.1 101.1 90 9,099 479 499 479 479 479 479 120 57,480 ALCO PREF D 494 498 499 499 498 498 240 119,720 AC PREF B2R 35.1 35.9 36 36 35.8 35.95 10,200 366,510 359,330 CEB PREF DD PREF 94.1 94.9 94 95 94 95 9,560 906,929 100 100.8 100.8 100.8 100.8 100.8 1,700 171,360 EEI PREF A 102.2 103 103 103 103 103 20 2,060 EEI PREF B 960 994.5 990 990 990 990 300 297,000 GTCAP PREF B 927 959 927 927 927 927 10 9,270 JFC PREF A 896 898 898 898 898 898 14,320 12,859,360 JFC PREF B 95 97.2 97.2 97.2 97.2 97.2 10 972 MWIDE PREF 2A 96 99.8 99.8 99.8 99.8 99.8 100 9,980 MWIDE PREF 2B 645 697 690 697 690 697 1,980 1,368,715 PNX PREF 4 SMC PREF 2F 74.75 75 75 75 75 75 69,340 5,200,500 74.5 75.5 74.5 74.5 74.5 74.5 7,740 576,630 SMC PREF 2H 69.6 72.35 70 70 70 70 27,000 1,890,000 SMC PREF 2J 69.5 71.3 71.7 71.9 69.75 69.75 1,400 99,510 SMC PREF 2K 52 53 53 53 53 53 300 15,900 TECH PREF B2D

PHIL. DEPOSITARY RECEIPTS

ABS HLDG PDR 8 8.6 8.01 8.6 8 8.6 12,600 100,906 64,802 10.18 10.6 10.2 10.6 10.2 10.6 72,100 744,140 627,778 GMA HLDG PDR

WARRANTS TECH WARRANT 0.53 0.56 0.54 0.56 0.54 0.56 13,000 7,220

SMALL & MEDIUM ENTERPRISES

BALAI FRUITAS CTS GLOBAL HAUS TALK ITALPINAS MAKATI FINANCE MERRYMART XURPAS

0.66 0.85 0.86 0.74 1.8 1.15 0.255

0.67 0.86 0.91 0.78 2.4 1.16 0.27

0.67 0.83 0.91 0.78 1.8 1.19 0.255

0.67 0.86 0.91 0.78 1.8 1.19 0.255

0.65 0.83 0.91 0.76 1.8 1.16 0.255

0.67 0.85 0.91 0.76 1.8 1.16 0.255

4,239,000 279,000 1,000 141,000 1,000 393,000 10,000

2,812,450 238,720 910 108,820 1,800 460,850 2,550

(64,520) 2,380 -

EXHANGE TRADE FUNDS FIRST METRO ETF

95.3

95.95

94.5

95.95

94

95.95

21,570

2,050,194

-

134,695

www.news.businessmirror@gmail.com

Banking&Finance BusinessMirror

Editor: Dennis D. Estopace • Tuesday, November 8, 2022

B3

BTr raises less than half of T-bill sales offer

T

By Jasper Emmanuel Y. Arcalas

@jearcalas

HE national government on Monday borrowed P6.7 billion through the sale of Treasury Bills (T-bills), less than half of the P15 billion that the Bureau of the Treasury (BTr) intended to raise.

The Monday tender marked the third consecutive month that the

Treasury was unable to fully award their intended T-bill sale.

Putting numbers in context

L

ATELY, you may have noticed that some posts of financial advisors in social media platforms contain simulations that show how much the investment value would be after some time, say, 30 years, assuming a certain market return. Seeing millions in the computations is motivating and encourages people to invest.

While the computations are correct—based on the assumptions provided by financial advisors—we should not forget that we need to factor in inflation into account for us to put the numbers in the correct perspective. Inflation is defined as the “decline of purchasing power of a given currency over time” (Investopedia, 17 June 2021) and we most likely experience this in our daily lives as the gradual increases in the price of goods and services that we are buying.

In relation to the social media posts that I have mentioned earlier, inflation has an impact on the actual value of the investment fund—the millions that we see in the posts will actually buy less in the future than what it can buy now.

Does it mean that the posts of financial advisors wrong? No; the simulations are correct. However, there should be an additional information that should be included for such posts and that should be the present value of the investment fund.

Including such information will align the expectations of the people seeing such posts and will make much more meaning since the values are pegged to a reference that people know well—the value of expenses today. The following table provides the numbers to be used when converting future value to present value based on time horizon and assumed inflation rates:

John Hero Salvador

personal finance For example, P1.00 10 years from now at an assumed annual inflation rate of 4.0 percent will only correspond to P0.68 today (P1.00/1.48). As another example, the projected fund value of P3 million 30 years from now at an average inflation rate of 5.0 percent will translate to P694,444 in today’s value (P3,000,000/4.32). Knowing the present value of a projected fund value will provide insight to the investor how long will the fund last and it avoids the risk of being caught in paradigm that they have more fund than what is available by then.

A financial advisor should be able to provide this computation to a client when it comes to financial planning especially retirement and education planning since these are long-term plans that need careful thought and commitment from both client and financial planner.

It also ensures that the plan will be more holistic, minimizes the risk of client being blindsided in the future and facilitates more effective utilization of available resources of client.

Another benefit of having this computation is that it allows us to refine what investment vehicles can be explored to meet the client’s needs in the future.

So, next time that we see a post regarding future fund value of a certain financial product, we need to ask the question: “How will that fund be worth in today’s value?”

And knowing that, the second question will be: “How long will that fund last based on my assessed needs?”

John Hero Salvador is a registered financial planner of RFP Philippines. To learn more about investment planning, attend the 99th batch of RFP program this January 2023. To register, e-mail info@rfp.ph or text at 0917-6248110.

The Treasury has been rejecting offers as investors continued to demand for rates higher than the benchmark—at some point have become “untenable” for the national government. (Related story: https://businessmirror. com.ph/2022/10/04/high-bidrates-for-t-bills-untenable-fortreasury/) Investors have been aggressive in their asking rates amid the hawkish stance of both the US Federal Reserve and the Philippine Central Bank.

Nonetheless, National Treasurer Rosalia V. De Leon expressed optimism that the Treasury would soon

be able to make a full award of the T-bill offering.

“Hopefully we’ll be able to make [a] full award in succeeding bills auctions,” De Leon told reporters.

“More and clearer information will better guide [the] market in submission of bids.”

The partial award on Monday came on the heels of full rejection made by the Treasury last week after investors sought yields higher by as much as 141.2 basis points than benchmark rates. (Related story: https://businessmirror.com. ph/2022/11/03/btr-rejects-allbids-for-p50b-of-debt-papers/)

Monday’s auction was oversubscribed as the total amount tendered reached P21.507 billion, surpassing the P15 billion offer of the Treasury (P5 billion each of 90-day, 181-day and 362-day tenors).

The Treasury received P9.35billion worth of bid for the 91-day T-Bill and P7.457 billion for the 182day tenor. The auction of 364-day T-bill was slightly undersubscribed at P4.7 billion.

The average yield for the 91-day T-bill was at 4.35 percent while the 182-day tenor had an average yield of 4.8 percent. The average yield for the 364-day T-bill was 5 percent.

All the average yields were higher than the secondary benchmark rates for the government securities based on Bloomberg Valuation: 3.856 percent (90-day), 4.55 percent (182-day) and 4.868 percent (364-day).

This month alone, the national government aims to raise P215 billion from the sale of debt papers. The amount covers P75 billion worth of T-bills and P140 billion in treasury bonds.

For the whole year, the government is set to borrow a total of P2.21 trillion, of which 75 percent will be sourced locally while the remaining 25 percent will come from foreign sources.

Can QR cards let MSMEs sell more? AUB believes so

By Cai U. Ordinario

@caiordinario

T

HE Asia United Bank (AUB) is confident its new application will allow micro-sized, small-scale and medium-sized enterprises (MSMEs) to sell more goods and services; and faster, too.

In a news briefing last Monday, AUB Senior Vice President and Cards and Acquiring Business Group head Maria Magdalena Vasquez-Surtida said higher interest rates and inflation have posed a challenge to small business owners.

Vasquez-Surtida said AUB PayMate merchants can now accept both Mastercard and Visa prepaid, debit and credit card payments from their customers at much less cost than a point-of-sale (POS) terminal.

“I think everyone across the world will be affected by all of the rate hikes happening. But what we’re saying is that if we have this, there’s more opportunity to sell.

Because if we don’t have the card QR terminals today, well it limits the ability of the merchant to generate more transactions,” she said.

“So this innovation actually allows us to help them navigate through

these most difficult times by helping them sell more, more frequently, anywhere, anytime, through the technology that we’re providing to them.”

AUB said its PayMate Unified Card QR link enables over 30,000 merchants to accept Mastercard and Visa payments using only one QR code and tap the underserved micro and small enterprises.

The bank unveiled the Unified Card QR Link as the latest feature of AUB PayMate, its all-in-one digital payment acceptance product that enables all types of merchants to accept digital payments— whether local or foreign e-wallets, bank payments, and cards—from their customers.

Surtida said depending on the model, the PayMate Unified Card QR link ranges from P20,000 to P30,000, which is more affordable than POS terminals.

POS terminals, Surtida said citing information from one of their users, require transactions worth P300,000 monthly. At an average of P5,000, that would be 100 transactions per month or four transactions a day.

“We want to address the pain points of the MSMEs. We know

there’re a lot of opportunities for Visa and Mastercard acceptance; except that there’s a hurdle. They need to meet the required transaction volume of the acquirers to have those costly POS terminals.

That prompted us to address that pain point and this is now our card QR payment link,” Surtida said.

Credit cap

SURTIDA said in light of the higher interest rates, increasing credit card rate caps which are currently at 2 percent, “are always on the table.”

But, she said, AUB has been collaborating with the Bangko Sentral ng Pilipinas (BSP) and trusts their judgment. Surtida said the BSP regularly reviews macroeconomic indicators to back its decisions.

In terms of credit card growth, Surtida said, AUB is optimistic.

She said the country has recovered from the pandemic and this is fueling credit card consumption.

“All we’re waiting for is really the comeback of travel and everything will be okay. But I think the online transactions made a good hit in terms of the transaction volumes so we are happy about that,” Surtida said.

With AUB’s latest innovation, customers can simply use their smartphone camera with internet connection to scan the Card QR code displayed on the AUB PayMate merchants’ stores.

They will be directed to a secure AUB PayMate checkout site and receive an OTP to complete and secure the transaction. Merchants can then view the payment status in real time using the same PayMate app they use when processing e-wallet QR transactions.

AUB is one of the fastest-growing publicly listed universal banks in the country. Established at the height of the 1997 Asian financial crisis, AUB is one of only two local commercial banks licensed at the time which has since thrived and expanded its operations.

It is known for its digital innovations, which started years prior to the Covid-19 global pandemic which spurred many of its competitors to embark on digital transformation. Among its digital innovations are e-wallet HelloMoney, pioneering payments via QR and the early adoption of the national QR PH code, and AUB PayMate, its all-in-one digital payment acceptance product.

Housing, auto loans boost 9-mo income of PSBank

P

HILIPPINE Savings Bank (PSBank) income soared 126 percent on the increase of housing and auto loans in the January-toSeptember period.

In a disclosure to the local bourse, the thrift banking arm of the Metrobank Group registered a net income of P2.85 billion for the first nine months of 2022, more than double its P1.26 billion income in the same period in 2021.

“With the improving levels of consumer spending, we have managed to book higher loan volumes specifically for auto and home during the first 9 months of 2022,” PSBank President Jose Vicente L. Alde was quoted in the lender’s statement as saying.

“We hope to see this momentum

to carry through till year-end even as market conditions remain volatile,” Alde said. “We will keep our digital service channels robust, reliable and secure, dedicated to consistently provide exceptional customer experience at every touch-point.”

The lender disclosed net interest income reached P8.21 billion while revenues from net service fees, commissions and asset recoveries rose by 52 percent to P3.11 billion.

Operating expenses remained in check; growing only by 1 percent year-on-year.

PSBank said it continues to implement productivity and operational efficiency improvements to manage costs even as investments are continuous to support digital initiatives.

Gross Non-Performing loans ratio went down significantly by almost half to 3.6 percent from 6.6 percent a year ago.

The bank said with improving asset quality, it reduced credit provisions to P969 million from P2.77 billion last year.

Net Non-Performing loans ratio was at 1.6 percent by end-September 2022, an improvement from last quarter’s two percent and far lower than 3.9 percent of the same period in 2021.

PSBank’s total assets reached P252.96 billion as of September 30, 2022. Deposits were at P203.19 billion with low-cost deposits growing by 6 percent year-on-year.

Total Capital funds grew 6 percent

to P36.80 billion. Capital Adequacy and Equity Tier 1 Ratios improved further to 24.9 percent and 23.9 percent respectively, both of which are well above the regulatory requirement of the Bangko Sentral ng Pilipinas (BSP).

PSBank said with the industry move to shift to digital payments, PSBank recently enabled scanning of QRph (“Scan to Pay”) as payment mode to retail stores and merchants via the PSBank Mobile.

QRph is the National QR Code Standard which unifies different domestic QR- based cashless payment schemes into one standard thereby allowing interoperability among participating institutions.

Cai U. Ordinario

GSIS subscribes to ACEN-backed 8.98% redeemable preferred shares of SLTEC

S

TATE pension fund Government Service Insurance System (GSIS) revealed it has invested in Energy Transition Mechanism (ETM) initiative of the AC Energy Corp. (ACEN) for the South Luzon Thermal Energy Corp. (SLTEC) amounting to P2.2 billion. This is in line with the call of the government to support infrastructure programs and initiatives to promote clean energy.

This partnership was sealed after GSIS and Ayala-led ACEN signed a memorandum of agreement last November 7 at the ACEN headquarters in Makati City.

The GSIS subscribed to the ACEN-backed 8.98 percent redeemable preferred shares of SLTEC. The proceeds will allow ACEN to transition the current

state of SLTEC to a fully renewable energy supplier.

“We will fully support investments that prioritize optimal environmental, social and governance [ESG] factors or outcomes consistent with our corporate social responsibility,” GSIS President and General Manager Jose Arnulfo A. Veloso said.

GSIS’s investment will, in effect, provide bridge financing to support ACEN’s transition to reach Net Zero greenhouse gas emissions by 2050, transition its generation portfolio to 100 percent renewable energy by 2025 and divest away from coal plants by 2040.

“As the listed energy platform of the Ayala Group, we aspire to be the largest listed platform in Southeast Asia, with a goal reaching 20GW of renewables capac-

ity by 2030,” ACEN President and CEO John Eric T. Francia said.

“We thank the GSIS for providing us the funding that would help us achieve our commitment to achieve Net Zero greenhouse gas emissions by 2050.”

“Our priority is to find ways to grow and sustain our funds to ensure that we are able to provide our over 2.5 million members and pensioners their benefits when they fall due,” Veloso said. “In particular, this investment will yield high dividends that will help us further strengthen our actuarial life and provide opportunities to further diversify our funds. Furthermore, the partnership with ACEN will help improve our programs and services that will ultimately redound to greater members’ experience.”

SSS, RCBC DEAL

Social Security System President and CEO Michael G. Regino (third from left) and Rizal Commercial Banking Corp. President and Chief Executive Officer Eugene S. Acevedo (fourth from left) led the signing ceremonies of the Memorandum of Agreement that will authorize RCBC to issue UMID Pay Cards to SSS members. Also present during the MOA signing are SSS Identity Management Department Head Jose Antonio L. Salazar (leftmost side), SSS Senior Vice President for Member Services and Support Group Normita M. Doctor (second from left), RCBC Executive Vice President and Chief Innovation and Inclusion Officer Angelito M. Villanueva (third from right), RCBC Vice President for Go-to-Market and Scale Division Digital Enterprise and Innovations Group Robert Alexander O. Campos (second from right) and RCBC Senior Manager for Customer Activations and Strategic Partnerships Department Kirsten B. Nagrampa (rightmost side). Photo courtesy Social Security System

B4

Art

BusinessMirror

Tuesday, November 8, 2022 • Editor: Gerard S. Ramos

www.businessmirror.com.ph

Today’s Horoscope

By Eugenia Last

z

CELEBRITIES BORN ON THIS DAY: Jack Osbourne, 37; Dania Ramirez, 43; Parker Posey, 54; Courtney Thorne-Smith, 55.

Happy Birthday: Uncertainty and confusion will slow you down, but preparation will get you in the zone and on the road to victory. Plan your actions, organize and consider all your options. Let your creative imagination help you develop a unique, doable plan that encourages you to use your skills, experience and knowledge to do the best job possible. Live life your way. Your numbers are 5, 12, 20, 26, 31, 38, 43.

❶ ❶

Conversing with the Other 1, Ferd Failano, acrylic on canvas, 30”x48”

❷ How Deep is

Your Love, Reynold Yabut Dela Cruz, oil on sliced canvas, 72”x66”

❸ Distraction,

❷

a

ARIES (March 21-April 19): Be quiet about your expenses, earnings and contractual matters. Don’t give anyone the upper hand or private information that might influence your reputation.

Put your energy into closing any gaps that can cause disruption, loss or ill health. Self-control will pay off.

HHH

❸

Examining silence, showcasing versatility

Sal Ponce Enrile, acrylic on canvas, 36”x36”

W

HAT happens when one finds shelter in the isolation during a pandemic, but is demanded to rejoin a reopening world? What of the fine line between tranquility and tumult? And does having diverse interests attenuate the legitimacy of practice?

These questions are explored in exhibition lineup this month of Art Elaan (@ArtElaanGallery).

Comprised of solo showcases of Ferd Failano and Sal Ponce Enrile, along with a three-artist exhibition of Reynold Yabut dela Cruz, Dave Lock, Raymond Cruz, the presentations open tomorrow, November 8, and will be on view until November 28.

To be presented at the space’s Gallery White is Failano’s Lost in Small Talk. The artist offers his latest solo as an “ode to those who struggle with connecting and communicating with others,” whether from failing to convey what they really feel, or growing accustomed to being alone these past few years.

Failano relates to those who retreat to silence. The artist grew up in Kidapawan City, North Cotabato, in the middle of a fruit farm without neighbors and

electricity, relying only on his imagination for color.

He created worlds in his head, instilling in him a sense of creativity that would later push him to pursue a Bachelor of Fine Arts degree at the University of the Philippines-Diliman, right after completing the university’s Civil Engineering program.

As an artist, Failano has developed a style defined by a superb play on light. He follows through on his daring, surrealist concepts on the strength of an impeccable depiction of his subjects. In one of the featured pieces in his show, titled Conversing with the Other 1, we see a boy turning away from a conversation, wearing a shadow for a mask, his hands deflecting connection. A house sprouts behind him, suggesting his desired location at that exact moment, while crows signify the death of socialization.

Silence likewise figures as the central theme in the three-man showcase at the space’s Gallery Red, vis-à-vis with noise as contrasting concepts. Silence Out of Chaos offers the latest works of Dela Cruz, Lock, and Cruz—artists who have each established their own styles that, as seen in this show, play perfectly alongside each other.

This group showcase settles in the collision point between the static and the kinetic, as the trio harness that tension which covers minimalist stillness to the hyper-charged stimulation of the senses.

Dela Cruz’s works register on the loud side with his rich brand of eerie surrealism. In How Deep is Your Love, for instance, the self-taught painter from Laguna sets up a romance that transcends realms, starring a woman and a skull who are about to kiss, with flowers blooming and rays shining around them.

On the other end of the spectrum are the more

b

TAURUS (April 20-May 20): A last-minute change will leave you questioning what to do next. Separate yourself from your emotions regarding work responsibilities, and you’ll find it easier to do what others expect. HHH

c

muted pieces of Cruz. One of the pioneers of Landscape Photography in the country, and owner of a highly specialized print studio, the artist anchors his style on the photography-inspired aesthetic principles of negative space and imperfection. This is seen in one of his artworks for the show, titled Yang, a mixed media creation that shows a provocative abstraction of textured grayscale.

Then, positioned somewhere in between the two of them are Lock’s jarring pieces in black and white.

While his artworks are mostly sapped of colors, the meat of his art comes in the decaying, grotesque forms of his subjects. One shows a portrait of man, alluded to be skinless and portrayed to be bloodied, his face and body conquered by eyes while a bone protrudes from his neck.

Rounding out the gallery’s November showcase is the fourth solo exhibition in the Philippines of Sal Ponce Enrile. Titled Facets, the show will take up Gallery White and present the multihyphenate’s life. The visual artist is as much a businesswoman as she is a tech entrepreneur, blockchain expert, public servant, and self-professed lifelong student.

The concept of the presentation is to feature her sum by way of highlighting her parts. Featured in the exhibit are Enrile’s abstract paintings that allude to clustered precious gemstones. After all, Facet also touches on the word’s alternate meaning, referring to one side of something many-sided, especially of a cut gem.

Enrile hopes that in spite of her being a multifaceted person, she will be viewed as a true

Continued on B5

‘Freedom and Love Philippines’ art exhibition MAN Without Voice, Abu Jalal Sarimon, Singaporean artist, acrylic on canvas

THE Freedom and Love International Art Group, in cooperation with Filipinas Institute for the Advancement of Arts and Culture Inc. (FILARTS) and under the auspices of the National Commission for Culture and the Arts (NCCA), presents the second edition of Freedom and Love Philippines art exhibition.

Fourteen visual artists from the Philippines, Singapore, India, Nepal, Vietnam, Taiwan and Brunei bring to Manila their own artistic concepts, styles and techniques showcasing the uniqueness of their culture as they represent their nation. As the title of

the exhibition suggests, each of these accomplished individuals demonstrated the freedom in expressing ideas that propel them to create exceptional works of art with outmost dedication to their craft.

Participating visual artists from the Philippines, include Pancho Piano, Roy Espinosa, Franklin Caña, Des Inosanto, Khristina Manansala, Angelie Banaag, Art Lozano, Lloyd Lusica and Vanessa J. Tan Gana. International visual artists include Abu Jalal Sarimon from Singapore, Rajesh K. Yadav from India, Roshan Pradhan from Nepal, Dang Tuan from Vietnam, Hsiao Chua-Sheng from Taiwan, and Yam

GEMINI (May 21-June 20): Don’t be fooled by someone trying to take advantage of you.

A disciplined approach to your responsibilities will bring the best results. Put your energy and effort in high gear and rely on your ability to get things done by yourself. HHH

d

CANCER (June 21-July 22): Experience is the best education for something you’ve never done. Take a hands-on approach and see what happens. Gravitate toward what comes naturally; you will thrive. Self-improvement, socializing, spirituality and romance are on the rise. HHHH

e

LEO (July 23-Aug. 22): You may desire change, but before you adopt a new path, consider the cost and time involved. Do your research before you set out to conquer the world.

Baby steps will help you maintain a steady pace and affordable budget. HH

f

VIRGO (Aug. 23-Sept. 22): You’ll learn plenty if you participate in conferences, events or group projects. Consider who does what best, then delegate jobs accordingly, and you will find it easier to succeed at what you set out to achieve. HHH

g

LIBRA (Sept. 23-Oct. 22): Make your mind up and follow through with your decisions.

Dedicate time and energy to learning and preparing to pursue and achieve your goal. Keep an eye on those you live and work alongside, and you’ll recognize your role in ensuring success. HHH

h

SCORPIO (Oct. 23-Nov. 21): Don’t limit what you can do because of complaints or someone trying to monopolize your time and services. Stay focused on what’s important to you.

Budget wisely and change only what’s necessary. HHH

i

SAGITTARIUS (Nov. 22-Dec. 21): Don’t start something you cannot finish. Put your effort into something that has meaning and reflects what you care about most. Be secretive regarding your plans to deter others from interfering in your business. HHH

j

CAPRICORN (Dec. 22-Jan. 19): The sky’s the limit. Look at the possibilities and make your move. Tuning in to what’s flowing will help you get things done with ease and win favors from those who have something you want. HHHHH

k

AQUARIUS (Jan. 20-Feb. 18): Step back and distance yourself from disagreeable people. Move toward groups and projects that are akin to your way of thinking and will help you line up comrades just as eager to achieve the same goal as you. HH

Pengiran Anak Hamlatul from Brunei.

They are all united in promoting to the audience the universal language of art through this exhibit of collaboration and intercultural exchange.

The Freedom and Love Philippines art exhibition will be held from November 8 to 30, 2022 at the NCCA Gallery, NCCA Building, 633 General Luna Street, Intramuros, Manila. The opening reception is on November 8 at 3 pm.

More information is available via 85272205, gallery@ncca.gov.ph, or www.ncca. gov.ph. Gallery hours are from 9 am to 6 pm, Monday to Saturday.

l

PISCES (Feb. 19-March 20): Have faith in your ability to persuade others to see and do things your way. A financial gain looks promising and will prompt you to donate to something that matters to you. A commitment will transcend into you being able to execute personal plans. HHHH Birthday Baby: You are dedicated, ambitious and unusual.

You are impulsive and extravagant.

H: Avoid conflicts; work behind the scenes. HH: You can accomplish, but don’t rely on others. HHH: Focus and you’ll reach your goals. HHHH: Aim high; start new projects. HHHHH: Nothing can stop you; go for gold.

‘on the rise’ by daniel bodily The Universal Crossword/Edited by David Steinberg

ACROSS 1 They have 36 black keys 7 Pepper’s partner 11 The Amazing Race network 14 Lead by the arm, say 15 ___ vera juice 16 Chop (off) 17 Kind of sauce with a repetitive name 18 Yaks 19 Water quality org.

20 Mister Rogers’ cozy garment 22 Bottom-line profit 24 Drying cloth 26 Word before “coat” or “car” 27 Childbirth process 30 Prefix for “favor” 32 Cereal box stat 33 Friend in battle 34 Decision 36 Doe or sow 39 Dec. 2020 debut for Airbnb 40 Honest course, or a hint to reading as well as interpreting each starred clue’s answer 41 Game dev’s alteration, or ‘60s slang for “chic”

42 ___ Jones 43 Muscle attached to the humerus, informally 44 Cougar 45 Cage fighting inits.

47 ___ the day 48 Cable or DSL device 49 Show to the door 52 Association rule 54 Ticked away 56 Have humble pie 60 What a coxswain doesn’t do 61 Sine’s math class 63 Emotional shock 64 Hoppy drink: Abbr.

65 Dot in the ocean 66 Lumberjack’s warning 67 Bossypants author Tina 68 Name within “Prunella” 69 Use, as energy DOWN 1 Meet a challenge 2 “No need to describe that” 3 Land measure 4 Plastic bag warning 5 Big talker?

6 7 8 9 10 11 12 13 21 23 25 27 28 29 31 34 35 37 38 40 44 46 48 49

Scatter around Fill the tank Moonwalker Shepard Piercings’ places Use for flash cards, study guides, etc.

Simile for opaqueness Hasbro toy you can hit Grabs immediately Colorful trait for roughly 10 percent of Ireland’s population Zeus or Thor Source of pride for the pride?

Like an outdated Internet connection Dog treat brand “I’m waiting to be impressed!”

Judgmental glance EMT’s specialty Trophy shape Plate that’s hard to steal Imaginary Longhorns’s Lone Star State sch.

Louie is freed from one in Unbroken Perform a floor routine?

Array of numbers Makes energized

50 51 53 55 57 58 59 62

Run off to wed To the point Foamy coffee order Pickle variety ___ Goldberg machine It’s a sign!

Draft, as a contract Slight advantage

Solution to today’s puzzle:

www.businessmirror.com.ph

Show BusinessMirror

Editor: Gerard S. Ramos

• Tuesday, November 8, 2022

B5

Formidable films about women in QCinema’s lineup

I

T is perhaps the best lineup of films to be featured in the 10 years that QCinema International Film Festival has existed.

Dubbed as “IN10CITY,” the festival’s 10th edition not only includes films sourced from the most prestigious festivals from all around the world, but this year also showcases films with the most formidable female forms.

The festival’s main competition section is also back this year. Called the Asian Next Wave, this section focuses on emerging filmmakers from Southeast Asia and East Asia with less than three features.

Five out of the seven competing entries focus on solid female characters, and the actors that play them are all in contention for the top female acting plum.

Singapore has Ajoomma, directed by He Shuming and produced by acclaimed filmmaker Anthony Chen. The movie tells a heartwarming story of a

Korean drama-obsessed Singaporean widow who travels to South Korea by herself, and is accidentally left behind by her tour guide. Her adventures navigating the streets of a foreign country through the help of a security guard she meets, help unravel a lot of discoveries about people, herself and life in general.

Sixty-one-year-old Hong Hui Fang, who has been playing supporting roles for almost four decades, finally takes the spotlight and she is also in the running for best lead actress at the prestigious Golden Horse Awards in Taipei scheduled in mid November, a first for any Singaporean actress.

Korean actress Ji Min Park leads the stellar cast of Return to Seoul, Davy Chou’s second full feature, and an entry to the main competition section of QCinema this year. She plays an stern, mercurial twentysomething lass adopted by French parents who takes on a journey back to her motherland in search for answers to her many troubling personal questions.

Chieko Baisho gives a quiet heartbreaking performance in the movie Plan 75, about a clinical solution in Japan where citizens who are 75 years and older can choose voluntary euthanization for the good of the country with one of the lowest birth rates in the world, and where more than a third of the population are senior citizens. Baisho gives heart, soul and an amazing sense of exquisite fragility to Michi, a 78-year-old independent woman who lives a solitary life working as a hotel chambermaid, slowly being

sucked into the voluntary euthanasia program.

Perhaps the sentimental favorite to win the lead actress award in the main competition category is Cherie Gil, who passed in last August from complications brought about by endometrial cancer. Gil stars in Elehiya, about a woman who goes through emotionally dark phases of her life trying to piece together the shattered remains of a childless marriage.

It’s a movie Gil worked on in 2018, from the script of Raquel Villavicenco. Director Loy Arcenas describes the movie as Gil’s exquisite swan song.

Then there is Gil’s beautiful niece, Max Eigenmann, who continues to push her boundaries with every new role she takes on. In Anna Isabelle Matutina’s first full length film 12 Weeks, Eigenmann’s portrayal encompasses all the qualities that have drawn us to her passion, vulnerability, internal chaos and extraordinary depth as her character moves through the difficult first trimester of an unexpected pregnancy. She has won the Cinemalaya best actress plum for this performance that is far too exceptional to be ignored.

The most distinguishing feature of these leading ladies in the diverse roles they play is their intensity of purpose. In the case of the 58 films that have been meticulously chosen for the 10th year of the QCinema International Film Festival, which runs from November 17 to 26, intensity is indeed the price of excellence. n

Miss Puerto Rico, Miss Argentina announce they are married

HAVANA—Two former beauty queens, Fabiola Valentín of Puerto Rico and Mariana Valera of Argentina, announced this week that they had secretly married. The joint Instagram post spurred celebration in LGBTQ communities across Latin America, a region that has historically lagged on gay rights but has made small steps in recent years.

“After deciding to keep our relationship private, we’re opening the doors on this special day, 28/10/22,” Valentín and Valera said in their announcement posted on Sunday. The post includes a video montage of their relationship, including the two on vacations, at bars and on the beach at sunset.

There is a view of gold and silver balloons reading “Marry me?” and the two together after the proposal.

The video ends with Valentín and Valera dressed in white kissing outside the courthouse in San Juan, Puerto Rico.

Once barred in the US territory, same-sex marriage became legal in Puerto Rico in 2015 after the US Supreme Court ruled such bans unconstitutional. In 2020, new codes came into place on the island adding additional LGBTQ protections.

The two women met at the Miss Grand International competition in Thailand in 2020, where they represented their countries. They continued to post on social media together since.

The marriage announcement was met with a swell of celebration on social media, which the couple responded to with enthusiam.

“Thank you for all the love! We’re very happy and joyful,” wrote Valera. “I am sending you all back the love you are giving us.” AP

THE stars of GMA on the 2022 Christmas Station ID: Jessica Soho, Alden Richards, Marian Rivera, Dingdong Dantes, Sanya Lopez, Dennis Trillo, Barbie Forteza, Bea Alonzo; Khalil Ramos, Gabbi Garcia, Mavy Legaspi and Kyline Alcantara; Michael V., and Mel Tiangco.

Angeline Quinto marks 10 years of music in concert A DECADE of dominating the music scene with her powerhouse vocals, Angeline Quinto comes full circle with the concert 10Q, a grand celebration of her iconic hits. The power diva is taking center stage on November 12, 2022, 8 pm, at the Newport Performing Arts Theater (www.newportworldresorts.com). R&B trio BuDaKhel—composed of Bugoy Drilon, Daryl Ong, and Michael Pangilinan—is joining her in celebrating this milestone.

From being the next female pop superstar in Star Power, to becoming one of the most sought-after divas in the country, Quinto cemented herself as an undisputed singer of her generation.

She ultimately became popular for her iconic renditions of theme songs from the biggest Philippine dramas. Among her hits are “Kunin Mo na ang Lahat sa Akin,” “Pangarap na Bituin” and “Hanggang Kailan Kita Mamahalin.”

Quinto kickstarted the celebration by filming a 10part series for the 10Q concert in 2021. She eventually brought her tour to different cities across Canada and the US. This year, the concert series returns to Manila for fans to witness show-stopping performances and more.

Tickets are now available at all TicketWorld and SM Tickets outlets: P7,800 (platinum), P6,800 (SVIP), P5,800 (VIP), P4,800 (Gold), P3300 (silver), and P1,800 (bronze). Inquiries can be made at TicketWorld 88919999, or SM Tickets 8470-2222.

Examining silence, showcasing versatility Continued from B4 artist, not just a mere dabbler. One painting, for example, speaks about her many travels across the globe that enrich her personal, professional and artistic life. There’s another that taps into her emotions as a wife, mother, daughter and friend.

More information about the three exhibitions is available on www.artelaan.com. n

GMA Network spotlights true meaning of love in Christmas Station ID MEDIA giant GMA Network officially launches Love is Us This Christmas—a simple yet powerful 2022 Christmas Station ID (CSID) theme—as the true essence of this season is God’s great love for mankind, and people being the living embodiment of His love.

The much-awaited holiday video was first seen last November 6 on All-Out Sundays which showcased the colorful ensemble of GMA artists and personalities bannered by Jessica Soho, Dingdong Dantes, Michael V., Heart Evangelista, Dennis Trillo, Alden Richards, Bea Alonzo, and Marian Rivera.

“It’s been two years of celebrating Christmas apart.

We celebrated the happiest day of the year in our respective homes. Although the past holiday seasons were likewise joyful, remembering His birth while being together still hits different. We’ll make up for it

this year. We’ll make you feel our love and gratitude because we missed you all so much,” said the GMA celebrities as they open the station ID. In the six-minute video, the faces of the network are seen setting up a Christmas party and opening their homes for merrymakers to celebrate the most joyous time of the year with their family, friends, and fans—something they were not able to do at the height of the pandemic.

Christmas station IDs have become an annual tradition for both GMA and viewers. It encapsulates the network’s message of gratitude to viewers for making GMA the Philippines’s leading broadcast network reaching millions of Filipinos through its growing list of 95 TV stations located nationwide.

Prior to the launch of the full-length 2022 GMA

CSID, GMA gave viewers and netizens a musical treat when it initially released the lyric video of this year’s newest holiday theme song. Love is Us This Christmas was performed by the powerhouse vocals of GMA singers led by Julie Anne San Jose, Christian Bautista, Aicelle Santos, Mark Bautista, Maricris Garcia, Garrett Bolden, Jeremiah Tiangco, Anthony Rosaldo, Thea Astley, Mariane Osabel, XOXO, Zephanie, and Vilmark Viray. The jingle was composed and arranged

by Ann Margaret Figueroa with lyrics by Emman Rivera and Jann Fayel Lopez.

The year 2022 has given Filipinos hope to celebrate Christmas once again with family and friends.

GMA’s 2022 Christmas station ID can be seen on the network’s YouTube and Facebook pages, or at www. gmanetwork.com.

B6 Tuesday, November 8, 2022

Art group to showcase work of 14 visual artists in Freedom and Love Philippines Art Exhibition

Philippine Postal Corporation partners with SM for postal service

T

HE Philippine Postal Corporation (Post Office) and SM Mart Inc. will bring the post office closer to shoppers when SM Makati’s newly renovated Servicio opens this November. With this, shoppers will be able to conveniently and quickly mail letters and express packages, buy stamps and other philatelic products, apply for Postal ID, send electronic Postal Money

Orders, postal cards and so much more.

At the Memorandum of Agreement signing were Post Office Postmaster General and CEO Norman Fulgencio and SM Mart, Inc. Executive Vice President, Head of SBU Operations and Sales Support Dhinno Tiu (third and second from left ) with SM Mart Inc. Senior Assistant Vice President Dennis Albano and Assistant Postmaster General for

Management Support Services Atty.

Benjie Yotoko.

SM’s Servicio is one of the largest and most extensive over the counter one-stop shop offering customer convenience for bills payments, foreign exchange and remittances, government services, and more in the country. SM Makati Servicio will be the Post Office’s 18th site inside SM.

T

HE Freedom and Love International Art Group, in cooperation with Filipinas Institute for the Advancement of Arts and Culture, Incorporated, (FILARTS) and under the auspices of the National Commission for Culture and the Arts (NCCA), presents the Freedom and Love Philippines Art Exhibition (second edition).

Fourteen visual artists from the Philippines, Singapore, India, Nepal, Vietnam, Taiwan, and Brunei bring to Manila their own brand of artistic concepts, styles and techniques showcasing the uniqueness of their culture as they represent their nation. As the title of the exhibition suggests, each of these accomplished individuals demonstrated the freedom in expressing ideas that propel them to create exceptional works of art with outmost dedication to their craft.

Participating visual artists from the Philippines include Pancho Piano, Roy Espinosa, Franklin Caña, Des Inosanto, Khristina Manansala, Angelie Banaag, Art Lozano, Lloyd Lusica,and Vanessa J. Tan Gana. International visual artists include Abu Jalal Sarimon from Singapore, Rajesh K. Yadav from India, Roshan Padhan from Nepal, Dang Tuan from Vietnam, Hsiao Chua-Sheng from Taiwan, and Yam Pengiran Anak Hamlatul from Brunei.

They are all united in promoting to the audience the universal language of art through this art exhibit collaboration and

Two organizations conduct policy dialogue at SMX to push development of electric vehicles market

Aboitiz Data Innovation encourages key sector partners to start their DSAI journeys with them

ABOITIZ Data Innovation CEO Dr. David R. Hardoon addresses the guests of the company’s official launch event. ADI is poised to help businesses and governments build their own journeys through tried and tested Data Science and AI frameworks and solutions.

A

BOITIZ Data Innovation (ADI), the Data Science and Artificial Intelligence (DSAI) arm of the Aboitiz Group, kicked off their “ADI: Let’s Press Start” event at the ArtScience Museum in Singapore on October 27. ADI showcased the possibilities DSAI can contribute to accelerate transformation in its key sectors – financial services, power, and smart cities – to help build a data-driven future and advance businesses and communities in the region.

It was a successful launch attended by over a hundred valued partners and stakeholders from both Singapore and the Philippines. Among the key Aboitiz executives in attendance were Aboitiz Group President and CEO Sabin Aboitiz, AboitizPower President and CEO Emmanuel Rubio, Aboitiz InfraCapital President and CEO Cosette Canilao, UnionBank President and CEO Edwin Bautista, Aboitiz Food Group Business CEO Eric Nojac, and ADI CEO Dr. David R. Hardoon.

In their company were key members of the business community in Singapore, alongside Singaporean government officials, members of the academe, and top officials from the Embassy of the Republic of the Philippines in Singapore led by Charge d’Affaires, a.i. and Consul General Dr. Emmanuel R. Fernandez.

Integral to the Aboitiz Group’s Great Transformation plans in making the company more resilient and future-ready, ADIaimstosimplifythecomplexworldofdata and drive the Group’s journey in becoming the Philippines’ first techglomorate through

the operationalization of DSAI across all business units.

“Data is the new oil or gold. Its value and currency are firmly and permanently established, and strengthening by the minute. To seize it would be imperative, which is exactly what we are doing here today with the launch of Aboitiz Data Innovation, and with our ongoing Great Transformation into a fully data-driven Techglomerate — the first of its kind in the Philippines. Companies around the world are embarking on this journey themselves, and the ones that are able to create the most value from data-supported capabilities will progress the fastest,” said Aboitiz.

Through the event, ADI promoted opportunities for its partners and industry leaders to create a meaningful and positive impact on society, offering innovative and sustainable DSAI-enabled products and services to solve business, environmental, social, and governance challenges.

“ADI is revolutionizing how data is used across industries, sectors, and borders,” said Hardoon. “Through tried and tested DSAI frameworks, ADI brings together the science and domain knowledge to enable companies to focus obsessively on its operationalization. We’re excited to see the business- and people-centric, quantifiable impact the activation of DSAI will have on customer services, operational efficiency, and risk management.”

As businesses and governments continue to recognize digital innovation as the engine of economic growth, ADI

is leveraging Singapore’s position as a leading technology hub to strengthen its commitment and foothold in the region over the next five years through increased investment and working with strategic local partners. With the support of the Singapore Economic Development Board (EDB), ADI will drive the company’s push in hiring more talent in Singapore and establish its DSAI advisory services and products offered in the region.

EDB Executive Vice President Tan Kong Hwee said, “The Aboitiz Group’s expansion of its DSAI arm, ADI, as part of the Group’s Great Transformation plans, is testament to Singapore’s hub status in Asia for innovation and technology. EDB will continue to catalyze and support companies’ growth and transformation strategies in the region.

We warmly welcome ADI’s plans, which will provide desirable job opportunities for Singaporeans and contribute to the growth of Singapore’s diverse DSAI talent pool.”

ADI also announced its official partnerships with the National University of Singapore (NUS), Synfindo, and JERA at “ADI: Let’s Press Start” to help accelerate operationalization of data-driven AI models across financial services, power, and smart cities in the region.

The joint collaboration between ADI and NUS aims to encourage more research and development activities in AI-enabled sustainable systems, to help develop strong use cases in areas such as urban design, power utilities, manufacturing, and finance sectors.

In addition, ADI has partnered with Synfindo to embed its data exchange platform Parlay into the Synfindo framework to further accelerate ADI’s “always share unless” approach to data.

The partnership will allow Synfindo financial institutions and FinTech members to interact with data seamlessly and securely, so members can accelerate FinTech and RegTech innovation more efficiently.

ADI will also be working with JERA to explore the DSAI solutions within the energy and power sector to address power generation challenges. Through this collaboration, ADI and JERA can work to attain and maintain power generation reliability, efficiency, and environmental sustainability.

intercultural exchange.

The Freedom and Love Philippines Art Exhibition will be held from November 8 to 30, 2022 at the NCCA Gallery, NCCA Building 633 General Luna Street, Intramuros, Manila. Opening reception is on November 8, 2022 at 3:00 pm.

For inquiries, the NCCA contact number is (02)85272205. Their email address is gallery@ncca.gov.ph, with website www.ncca. gov.ph. Gallery hours are from 9:00am to 6:00pm, Monday to Saturday.

EDMUND Araga, President of Asian Federation EV Associations (AFEVA)

T

HE ASEAN Center for Energy (ACE) and the Asian Federation of Electric Vehicles Associations (AFEVA) conducted a policy dialogue at the recent 10th Philippine EV (electric vehicle) Summit at the SMX Convention Center Mall of Asia in Pasay City.

The purpose of the policy dialogue was to accelerate the development of the EV market and industry in the ASEAN by addressing issues affecting individual member states as well the region. Two major issues that are of interest in the region were discussed – the absence of policies on electric two/three wheelers and retrofitting / conversion of ICE (internal combustion engine) vehicles to electric.

In his welcome remarks, Edmund Araga, President of Asian Federation EV Associations, underscored the very important role that two and three wheelers play in e-mobility in the ASEAN. They provide the greatest potential for EV adoption as well as the opportunity to grow the EV industry in the region.

June Yeonju Jeong, Program Officer of the Sustainable Mobility Unit UN Environment Program presented UNEP’s Global Electric Mobility Program that supports more than 50 low-and-middleincome countries with the shift from fossil fuel to electric vehicles. In the Philippines, a demonstration project on electric two and three-wheeler for freight deliveries was implemented with Pasig City and the Philippine Postal Office as project recipients.

Septia Buntara Supendi, Manager for Sustainable Energy, Renewable Energy, Energy Efficiency and Conservation (EE&C) of the ASEAN Center Energy (ACE) presented the ASEAN Plan of Action for Energy Cooperation (APAEC) Phase II: 2021- 2025, Program Area No 4: Energy Efficiency & Conservation.

The aim of this program is to reduce energy intensity by 32 percent by 2025 and encourage EE&C efforts, especially in the transport industry. ACE sees potential collaboration with AEFVA in EV integration in five key areas: cooperation on the promotion of harmonized EV standards and technologies; networking within the region/member associations to promote joint ventures/collaboration of business entities; sharing of best practices and information about the industry; extending support and active participation in member associations’ initiatives and projects and facilitating student exchanges and university cooperation within the region.

Two sessions were allotted to discuss the two major issues. Joining the panel discussions were Septia Buntara Supendi, Manager for Sustainable Energy, Renewable Energy, Energy Efficiency and Conservation ASEAN Center for Energy; Dr Yossapong Laoonual, Honorary Chairman Electric Vehicle Association of Thailand; Krisda Utamote, President of Electric Vehicle Association of Thailand; Dato Dennis Chuah, President of Electric Vehicle Association of Malaysia; and Edmund Araga, President of Asian Federation EV Associations (AFEVA).

The first session discussed the situation of electric two and three wheelers in ASEAN with respect to market and policy. Dr. Manny Biona, Executive Director of the Electric Vehicle Association of the Philippines presented an overview on the of electric two and three-wheeler in the ASEAN. The panel discussed the need to craft a policy on technical regulations and standards with the respective ASEAN member countries as well as their harmonization at the regional level.

The second session on the conversion of ICE powered vehicles into e-vehicles saw Krisda Utamote, President of Electric Vehicle Association of Thailand, present the challenges and opportunities for conversion in the case of Thailand.

Thailand’s national target to achieve 30 percent ZEV (zero emission vehicle) usage or around 225,000 units/year in 2025 is challenging. Despite the market needs, many ZEV models are not yet available, especially for pickup trucks.

There are 40 million registered vehicles in Thailand. The target vehicle models for EV conversion are the millions pick-up trucks and roughly 3.5 million 10-year-old vehicles. The Thailand government through the state-run Electricity Generating Authority of Thailand (Egat) plans to develop electric vehicles (EVs) by modifying used cars. Thai authorities are also in the process of allowing electric converted vehicle to be registered. EVAP is also advocating for a policy on EV conversion to accelerate the adoption of electromobility in the Philippines.

World Features BusinessMirror

www.businessmirror.com.ph • Editor: Angel R. Calso

Loss and damage: The fight over human harm, huge climate costs

By Seth Borenstein AP Science Writer

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HARM EL-SHEIKH, Egypt—It was a total loss—the type that is usually glossed over in big impersonal statistics like $40 billion in damage from this summer’s Pakistan floods that put one-third of the nation underwater.

“We lost everything, our home and our possessions,” said Taj Mai, a mother of seven who is four months pregnant and in a flood relief camp in Pakistan’s Punjab province. “At least in a camp our children will get food and milk.”

This is the human side of a contentious issue that will likely dominate climate negotiations in Egypt this month. It’s about big bucks, justice, blame and taking responsibility. Extreme weather is worsening as the world warms, with a study calculating that human-caused climate change increased Pakistan’s flood-causing rain by up to 50 percent.

While Pakistan was flooding, six energy companies—ExxonMobil, Chevron, Shell, BP, Saudi Aramco and Total Energies—made $97.49 billion in profits from July to September. Poorer nations, United Nations SecretaryGeneral Antonio Guterres, Europe’s leaders and US President Joe Biden are calling for fossil fuel firms to pay a windfall profits tax. Many want some of that money, along with additional aid from rich nations that spewed the lion’s share of heat-trapping gases, to be used to pay countries victimized by past pollution, like Pakistan.

The issue of polluters paying for their climate messes is called loss and damage in international climate negotiations. It is all about reparations.

“Loss and damage is going to be the priority and the defining factor of whether or not COP27 succeeds,” said Kenyan climate activist Elizabeth Wathuti, referring to the climate talks in Egypt. United Nations top officials say they are looking for “something meaningful in loss and damage” and were “certainly encouraged” by negotiations Friday, Saturday and Sunday that put the issue on the meeting agenda.

Money for loss and damage is different from two other financial aid systems already in place to help poorer nations develop carbon-free energy and adapt to future warming.

Since 2009, the rich nations of the world have promised to spend $100 billion in climate aid for poor nations, with most of it going toward helping wean them off coal, oil and natural gas and build greener energy systems. Officials now want as much as half of that to go to building up systems to help adapt to future climate disasters.

Neither financial pledge has been fulfilled yet, but both don’t address the issue of paying for current and past climate disasters, such as heat waves in India, floods in Pakistan and droughts in Africa.

“Our current levels of global warming at 1.1 degrees Celsius (2 degrees Fahrenheit) have already caused dangerous and widespread losses and damages to nature and to billions of people,” said Climate Analytics scientist Adelle Thomas of the Bahamas.

“Losses and damages are unavoidable and unequally distributed” with poorer nations, the elderly, the poor and vulnerable hit harder, she said.

After years of not wanting to talk about reparations in climate talks, US and European officials say they are willing to have loss and damage discussions. But the US—the No. 1 historic carbon polluter—won’t agree to anything that sounds like liability, special envoy John Kerry said.

US emissions that created warmer temperatures caused at least $32 billion in damage to Pakistan’s gross domestic product between 1990 and 2014, according to calculations by Dartmouth climate researchers Christopher Callahan and Justin Mankin based on past emissions. And that’s only based on temperature-oriented damage, not rainfall.

“Loss and damage is a way of both recognizing past harm and compensating for that past harm,” Mankin said. “These harms are scientifically identifiable. And now it’s up to the politics to either defend that harm or remunerate for that harm.”

The United States in 16 days puts more carbon dioxide into the air from burning fossil fuel than Pakistan does in a year, according to figures by the Global Carbon Project.

American Gas Association CEO Karen Harbert said Americans won’t go for such payments to faraway nations and that’s not the way to think of the issue.

“It’s not just Pakistan. Let’s talk about Puerto Rico. Let’s talk about Louisiana. Other things that are happening here at home that we also need to pay attention to and help our fellow Americans,” Harbert said in an interview with The Associated Press.

“If there was an opportunity to talk to people in Pakistan, I’d say ... the solution is first of all, you have the opportunity with natural gas to have a much cleaner electric system than you have today,” she said.

But for Aaisa Bibi, a pregnant mother of four from Punjab province, cheaper cleaner energy doesn’t mean much when her family has no place to live except a refugee camp.

“With less than 1 percent of the global emissions, Pakistan is certainly not a part of the problem of climate change,” said Shabnam Baloch, the International Red Cross Pakistan director, adding that people like Bibi are just trying to survive floods, heat waves, droughts, low crop yields, water shortages and inflation.

In semi-arid Makueni County in Kenya, where a devastating drought has stretched more than three years, 47-year old goat and sheep farmer John Gichuki said: “It is traumatizing to watch your livestock die of thirst and hunger.”

Gichuki’s maize and legumes crops have failed four consecutive seasons.

“The farm is solely on the mercies of climate,” he said.

In India, it’s record heat connected to climate change that caused deaths and ruined crops. Elsewhere it’s devastation from tropical cyclones that are wetter and stronger because of the burning of fossil fuels.

This global issue has a parallel inside the United States in at times contentious discussions about paying for damages caused by slavery.

“In many ways we’re talking about reparations,” said University of Maryland environmental health and justice professor Sacoby Wilson. “It’s an appropriate term to use,” he said, because the rich northern countries got the benefits of fossil fuels, while the poorer global south gets the damage in floods, droughts, climate refugees and hunger.

The government of Barbados has suggested changes in how the multinational development banks loan to poorer nations to take into account climate vulnerability and disasters. Pakistan and others have called for debt relief.

It’s “about putting ourselves in everybody else’s shoes,” said Avinash Persaud, special envoy to Barbados Prime Minister Mia Mottley.

Persaud suggests a long-term levy on high oil, coal and natural gas prices, but one done in reverse. At current high energy prices there would be no tax, so no increase in inflation. But once fossil fuel prices decline 10 percent, 1 percent of the price drop would go to a fund to pay victims of climate loss and damage, without adding to the cost of living.

Climate data journalists Mary Katherine Wildeman in Hartford, Connecticut, and Camille Fassett in Seattle; Wanjohi Kabukuru in Mombasa, Kenya; Frank Jordans in Berlin; Ellen Knickmeyer in Washington; Shazia Bhatti in Rajanpur, Pakistan; Aniruddha Ghosal in New Delhi, and Megan Janetsky in Havana, Cuba, contributed.

Tuesday, November 8, 2022

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World leaders gather to talk climate, but don’t expect much

By Seth Borenstein

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The Associated Press

HARM EL-SHEIKH, Egypt— More than 100 world leaders are about to discuss a worsening problem that scientists call Earth’s biggest challenge, yet observers don’t expect much from it, maybe not even a lot of attention.

Nearly 50 heads of states or governments on Monday will take the stage in the first day of “highlevel” international climate talks in Egypt with more to come in the following days. Much of the focus will be on national leaders telling their stories of being devastated by climate disasters, culminating on Tuesday with a speech by Pakistan Prime Minister Muhammad Sharif, whose country’s summer flood caused at least $40 billion in damage and displaced millions of people.

But it may not quite have the drama or headlines that past such meetings have had.

Why? Because of bad timing and who isn’t showing up, is coming late or are dithering about it.

Most of the leaders are meeting Monday and Tuesday, just as the United States has a potentially policy-shifting midterm election. Then the leaders of the world ’s 20 wealthiest nations will have their powerful-only club confab in Bali in Indonesia days later. Add to that, “there are big climate summits and little climate summits and this was never expected to be a big one,” said Climate Advisers CEO Nigel Purvis, a former US negotiator.

Leaders of two of the three big gest carbon pol luting nations—China and India—appear to be skipping the climate talks, although underlings are here negotiating. The leader of the other top polluting country—US President Joe Biden—is coming days later than most of the other presidents and prime ministers on his way to Bali.

United Kingdom Prime Minister Rishi Sunak was initially going to avoid the negotiations, but public pressure and predecessor Boris Johnson’s plans to come changed his mind. New King Charles III, a longtime environment advocate, won’t attend because of his new role. And Russia’s leader Vladimir Putin, whose invasion of Ukraine created energy chaos that reverberates in the world of climate negotiations, won’t be here.

“We always want more” leaders, United Nations climate chief Simon Stiell said in a Sunday news conference. “But I believe there is sufficient (leadership) right now for us to have a very productive outcome.”

In addition to speeches given by the leaders, the negotiations include “innovative’’ roundtable discussions that “we are confident,

SAMEH SHOUKRY, president of the COP27 climate summit, left, speaks during an opening session at the COP27 UN Climate Summit on Sunday, November 6, 2022, in Sharm el-Sheikh, Egypt. Nearly 50 heads of states or governments on Monday will take the stage in the first day of “high-level” international climate talks in Egypt with more to come in following days. AP/PETER DEJONG

will generate some very powerful insights,” Stiell said.

The leaders showing up in droves are from the host continent Africa.

“The historical polluters who caused climate change are not showing up,’’ said Mohammed Adow of Power Shift Africa. “Africa is the least responsible, the most vulnerable to the issue of climate change and it is a continent that is stepping up and providing leadership.”

“The South is actually stepping up,” Adow told The Associated Press. “The North that historically caused the problem is failing.’’

Monday will be heavily dominated by leaders of nations victimized by climate change—not those that have created the problem of heat-trapping gases warming up the atmosphere from the burning of fossil fuel. It will be mostly African nations and small island nations and other vulnerable nations that will be telling their stories.

And they are dramatic ones, droughts in Africa and floods in Pakistan, in places that could least afford it. For the first time in 30 years of climate negotiations, the summit “should focus its attention on the severe climate impacts

we’re already seeing,” said World Resources International’s David Waskow.

“We can’t discount an entire continent that has over a billion people living here and has some of the most severe impacts,’’ Waskow said. “It’s pretty clear that Africa will be at risk in a very severe way.’’

Host leader, Egyptian President Abdel Fattah El-Sisi, and United Nations Secretary-General Antonio Guterres will kick off the leaders’ speeches. Guterres keeps ratcheting up his rhetoric about how little time is left with each public talk.

Leaders come “to share the progress they’ve made at home and to accelerate action,’’ Purvis said. In this case, with the passage of the first major climate legislation and $375 billion in spending, Biden has a lot to share, he said.

While it’s impressive that so many leaders are coming to the summit, “my expectations for ambitious climate targets in these two days are very low,” said Climate Analytics’ scientist Niklas Hohne. That’s because of Putin’s invasion of Ukraine, which caused energy and food crises that took away from climate action, he said.

Ship refuses to leave Italy port until all migrants disembark

By Colleen Barry & Salvatore Cavalli The Associated Press

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ATANIA, Sicily—The captain of a charity-run migrant rescue ship refused Italian orders to leave a Sicilian port Sunday after authorities refused to let 35 of the migrants on his ship disembark—part of directives by Italy’s new far-right-led government targeting foreignflagged rescue ships.

Italian Premier Giorgia Meloni’s two-week-old government is refusing safe port to four ships operating in the central Mediterranean that have rescued migrants at sea in distress, some as many as 16 days ago, and is allowing only those identified as vulnerable to disembark.

On Sunday, Italy ordered the Humanity 1 to vacate the port of Catania after disembarking 144 rescued migrants, including with children, more than 100 unaccompanied minors and people with medical emergencies.

But its captain refused to comply “until all survivors rescued from distress at sea have been disembarked,” said SOS Humanity, the German charity that operates the ship. The vessel remained moored at the port with 35 migrants on board.

Later Sunday, a second charity ship arrived in Catania, and the vetting process was being repeated with the 572 migrants aboard the Geo Barents ship operated by Doctors Without Borders. The selection was completed by late evening, with 357 allowed off but 215

people blocked on board.

Families were the first to leave the ship. One man cradling a baby expressed his gratitude, saying “Thank you, Geo Barents, thank you,” as he left. Another man in a wheelchair was carried down by Red Cross workers.

Yet two other boats run by nongovernmental organizations remained stuck at sea with no port willing to accept the people they rescued.

Humanitarian groups, human rights activists and two Italian lawmakers who traveled to Sicily protested the selection process as illegal and inhumane. Italy’s new Interior Minister Matteo Piantedosi is targeting non-governmental organizations, which Italy has long accused of encouraging people trafficking in the central Mediterranean Sea. The groups deny the claim.

“Free all the people, free them,’’ Ita l ia n l aw ma ker A bouba k a r Soumahoro said in an emotional appeal directed at Meloni from the Humanity 1 rescue ship.

T he passengers have faced “trauma, they have faced everything that we can define as prolonged suffering,” said Soumahoro, who spent the night on the ship.

Later at the port, he accused Meloni of playing politics at the expense of “newborns, of women, of people who have suffered traumas of all kinds,” including torture in Libyan prisons.

He said neither translators nor psychologists were on hand during Italy’s selection process and many of the migrants were from Gambia, unable to speak French,

English or Italian.

“Their fault is to speak another language. Their fault is to have another color,’’ Soumahoro said, accusing the Italian government of using the migrants to distract from other issues, including high energy prices.

Aboard the Humanity 1, doctors in Italy identified people needing urgent medical care after the ship’s doctor refused to make a selection, said SOS Humanity spokesman Wasil Schauseil. Thirty-six people were declared non-vulnerable and were not permitted to disembark, prompting one to collapse and be taken away by an ambulance.

“You can imagine the condition of the people. It is very devastating,” he said.

Both SOS Humanity and Doctors Without Borders issued statements declaring that all of their passengers were vulnerable after being rescued at sea, and deserving of a safe port under international law. SOS Humanity said it plans to file a civil case in Catania to ensure that all 35 survivors on board have access to formal asylum procedures on land.

Doctors Without Borders emphasized that “a rescue operation is considered complete only when all of the survivors have been disembarked in a safe place.”

Two other charity ships carrying rescued migrants remained stuck at sea, with people sleeping on floors and decks and spreading respiratory infections and scabies as food and medical supplies drew low.

The German-run Rise Above, carrying 93 rescued at sea, sought

a more protected position in the waters east of Sicily due to the weather, but spokeswoman Hermine Poschmann said Sunday that the crew had not received any communications from Italian authorities.

Poschmann described cramped conditions on the relatively small 25-meter (82-foot) ship.

The Ocean Viking, operated by the European charity SOS Mediteranee, with 234 migrants on board, remained in international waters, south of the Strait of Messina, and got no instructions to proceed to an Italian port, a spokesman said Sunday. Its first rescue was 16 days ago.

“Agitation is evident among the survivors,’’ a charity worker named Morgane told The Associated Press on Sunday. Cases of seasickness were soaring after high waves tossed the ship through the night.

“Today, the weather considerably deteriorated, bringing strong winds, rough seas and rain on deck. ...these extreme conditions added suffering,” she said.

The confrontational stance taken by Meloni’s government is reminiscent of the standoffs orchestrated by Matteo Salvini, now Meloni’s infrastructure minister in charge of ports, during his brief 2018-2019 stint as interior minister. Italy’s new government is insisting the countries whose flags the charity-run ships fly must take in the migrants.

Colleen Barry reported from Milan.

Emily Schultheis contributed from Berlin and Angela Charlton from Paris.

Sports

UST completes all-UAAP semis with 5-set win against State U

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NIVERSITY of Santo Tomas (UST) banked on its young guns to outlast University of the Philippines (UP) in a five-set marathon, 27-25, 2628, 25-18, 22-25, 17-15, to advance to the semifinals of the Shakey’s Super League Collegiate Pre-season Championship at the Rizal Memorial Coliseum late Sunday.

UST completed an all-University Athletic Association of the Philippines (UAAP) semifinals cast joining unbeaten National University (NU), Adamson University and De La Salle University.

The Tigresses set up a semifinals showdown with reigning UAAP champions Lady Bulldogs who have yet to lose after six matches.

The knockout semifinals of the tournament organized by Athletic Events and Sports Management Inc. is set Friday, while the winner-takeall championship is on November 19.

NU booked the first semifinals ticket after sweeping Far Eastern University (FEU), 25-10, 25-17, 25-15; Adamson University booted out University of Perpetual Help System Dalta, 25-14, 25-16, 25-16; and De La Salle decimated Ateneo, 25-17, 25-23, 25-10.

UST freshmen Xyza Gula and Regina Jurado stepped up in the absence of veteran Eya Laure. They delivered 20 points apiece.

The duo scored back-to-back hits that wrapped up the grueling twohour, 50-minute encounter.

“We just held on, did our best and refused to give up,” said Gula, who pounded 17 attack points including a down the line kill that pushed UST to its third match point advantage.

“We just want to prove that we’re not just rookies but super rookies.

That we won’t back down from any challenge,” she added.

Angeli Abellana put the Tigresses at first matchpoint advantage, 14-12, but a catch-and-throw violation of UST in the next play followed by a kill block by Fighting Maroon Ethan Arce on Gula forced a deuce.

Gula answered with a down the line hit but UP captain Jewel Encarnacion knotted the score at 15 with a through the block smash.

Gula again hammered a kill from the left side before Jurado nailed the piercing crosscourt hit from the right corner for the finishing blow.

Abellana posted 16 points while Athena Abbu had 10 markers for the Tigresses.

Alyssa Bertolano led the UP with 18 points including 14 attacks, Joan Monares had 14 markers while Encarnacion finished with 10.

The Fighting Maroons slid to the classification round joining Perpetual Help, Ateneo and FEU.

Paalam in semis in Asian boxfest

BusinessMirror

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| Tuesday, November 8, 2022 mirror_sports@yahoo.com.ph Editor: Jun Lomibao

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ARLO PA ALAM was way too tactical and quicker than his South Korean foe to easily barge to the medal round of the Asian Boxing Confederation (ASBC) Asian Elite Men and Women Championships Sunday night in Amman, Jordan.

Paalam, 24, scored a 5-0 unanimous victory over Joosung Yoon in the men’s quarterfinals in bantamweight—a national team decision to move him to a heavier weight class next to flyweight where he clinched silver at last year’s Tokyo Olympics.

He beat Turkmenistan’s Muhanov Dovlet also by unanimous decision in his first fight as a bantamweight where he gave way to compatriot Roger Ladon in the flyweight division. Ladon, however, was eliminated last Saturday.

“Carlo [Paalam] dominated that fight throughout. He was landing clear punches and just too fast for the Korean,” Association of Boxing Alliances in the Philippines secretary general Marcus Jarwin Manalo told BusinessMirror on Monday.

Paalam faces Kyrgyzstan’s Sanzhai Seidekmatov in the semifinals.

James Palicte, however, lost, 0-5, to Uzbekistan’s Ruslan Abdulaev in the men’s light welterweight class. Josef Ramos

CALOY IN LIVERPOOL: ...NOTHING TO GET HUNG ABOUT C

By Josef Ramos

ARLOS “CALOY” YULO didn’t win gold at the Liverpool World Artistic Gymnastics World Championships and settled for a silver in vault and bronze in parallel bars.

A bitter sweet result?

“I was beaten by myself,” the 22-year-old Yulo told Filipino reporters in an online interview on Monday morning. “I didn’t notice those things around my surroundings.

It took a toll on me.”

“It’s painful but it’s a good experience. I really need to practice every movement,” he said. “I guess this is part of the journey.”

He didn’t podium in his pet floor exercise—no thanks to an unpeculiar

slip a gymnast of his level shouldn’t have committed—on Sunday morning and was seventh among eight participants.

He didn’t do well, too, in the all-around where he wound up eighth.

In vault, he was a tad short of retaining the gold he won at last year’s worlds in Kitakyushu. He also missed retaining silver in the bars.

“It’s a mental battle and I was really mentally drained that’s why I couldn’t focus very well. My body was tired but no excuse,” Yulo said.

“It’s very disappointing but I learned so many lessons here.”

Yulo scored 14.950 in vault using a revised routine and finished behind Armenia’s Arthur Davtyan (15.050) and ahead of Ukraine’s Igor Radivilov (14.733).

Radivilov later told a wires interview that the Kyiv-based Ukrainian team were forced to train during daylight hours because of “difficulties” over the availability of electricity in the evening because of Russia’s ongoing conflict with his country.

“Ukrainian gymnastics is always going to flourish,” Radivilov said. “We’re doing everything we can to bring the Ukrainian flag as high as we can on the international stage....

Everybody

in the world knows what is happening, and what kind of difficulties we have.”

Yulo was judged 15.366 in the bars to join in the podium Tokyo Olympics gold winner Zou Jingyuan (16.166) of China and Lukas Dauser (15.500) of Germany.

“I wasn’t expecting anything from the parallel bars because my score was really low,” Yulo said. “I was really happy in vault despite finishing second because my routine was really new and I managed to pull it off.”

With his performance at the M&S Bank Arena now a thing of the past, it’s time to focus on the next September’s world championships in Antwerp where berths to the Paris 2024 Olympics are at stake.

“Nothing to be disappointed about, it happens,” Yulo’s Japanese Coach Munehiro Kugimiya said. “We focus on next year where we cannot

HD Spikers go unbeaten in women’s action of PNVF Champions League FRESHMAN Regina Jurado steps up for the Tigresses.

Veteran Arcilla tops San Carlos Open

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OHNNY ARCILLA hoisted another men’s singles open trophy as Jose Maria Pague was forced to retire with a groin injury in the Palawan Pawnshop-Palawan Express Pera Padala San Carlos City National Tennis Championships in Negros Occidental recently.

Arcilla used his veteran smarts to fashion out a 6-3 romp in the opening set marked by long baseline rallies and booked another championship following a 6-4, 6-4 victory over doubles partner Ronard Joven in the Puerto Princesa Open last September.

While the top-seeded Davis Cup campaigner advanced to the finals with a 6-4, 6-0 win over Jelic Amazona, the No. 2

Pague went through a wringer before subduing seventh ranked Nilo Ledama, 6-2, 5-7, 13-11, in the semis of the annual event sponsored by Mayor Rene Gustilo and held in conjunction with the city’s Pintaflores Festival celebrations.

Arcilla, a nine-time Philippine Columbian Association Open champion, broke Pague right in the opener and kept the cushion by trading serves with the recent Buglasan Open winner in the next seven games. He then rallied from 0-30 in the ninth and swept the next four points to win the set and the highlight match of the week-long event held side-by-side with the juniors division put up by Palawan Pawnshop president and CEO Bobby Castro.

NIL Management BEING in sports media for almost 20 years, spontaneity becomes a way of life as what transpired when I sent a text message to NIL Management’s Founder Zach Beebe asking if he’s available for what more looked like a

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IGNAL recovered from a second set loss to repulse Basilan, 25-18, 21-25, 25-11, 25-12, and remain unbeaten in the Philippine National Volleyball Federation (PNVF) Champions League Monday at the PhilSports Arena.

Ysay Marasigan led the HD Spikers with 18 points, including three blocks and two service aces, Wendel Miguel had two blocks for a 10-point showing while Marck Espejo

also tallied 10 points.

The HD Spikers went 2-0 wonlost in Pool A with coach Dexter Clamor looking forward for a better effort heading into in their last two pool assignments of the event supported by the Philippine Sports Commission, Rebisco, PLDT, Philippine Olympic Committee, Cignal HD, One Sports, Cignal Play, F2 Logistics and Amigo Segurado.

JOHNNY ARCILLA (center) poses with his trophy with Vice Mayor Criston Carmona (left) and SACATA Tennis Club president Atty. Martin Carmona.

conversation than an interview.

NIL Management is one of the biggest, if not the biggest NIL organizations in the US. According to their website, “NIL Management is a full service management and consulting company located in Columbus, Ohio. Specializing in Name, Image and Likeness (NIL) & brand identity for athletes at the collegiate and professional levels.”

A bit of a brief background on NIL according to nyweekly.com: “Historically, college athletes were highly restricted from profiting off their Name, Image and Likeness (NIL). However, this changed in June 2021 when the National Collegiate Athletic Association (NCAA) reviewed the bill and now allows elite studentathletes to monetize their careers through sponsorship agreements and endorsement deals with commercial brands before they go professional.

“However, finding the right brands to collaborate with and make the most of NIL is no easy feat. For this reason, NIL Management takes the lead in helping

WITH the Liverpool world championships a part of history, Carlos Yulo needs to focus on 2023 where Paris Olympics slots are at stake. AP make mistakes because of Olympic qualification.”

It would be a busy year for Yulo who’s facing at least four tournaments where he could also pile up points to get to Paris—Cottbus (Germany) from February 23 to 26, Doha (Qatar) from March 1 to 4, Baku (Azerbaijan) from March 9 to 12 and Cairo (Egypt) from April 27 to 30.

“The team is getting complacent if they feel that they can win easily,” Clamor said. “We have a lot of unforced errors during the first game and the second game. We are working out for those unforced errors.

Hopefully in our next game, we could minimize our unforced errors so we can get good results.”

The Tennun Spikers, with Al-Nasi Amilbahar leading the charge with eight points, fell to 1-1.

PGJC-Navy later joined Cignal on top of the Pool A standings following a 25-15, 25-14, 25-20 conquest of VNS Quezon City.

KYLIE MACATANGAY is all focused but her team, University of Batangas yields to Quezon City, 25-20, 25-15, 25-20.

these elite athletes make the most of their careers and adequately monetize their brands.”

When you say full service, you’re talking about a holistic service management of student athletes but NIL Management doesn’t serve just student athletes but also professional athletes but for now, let’s focus on student athletes.

A product of the University of Toledo, Zach established the business not to make money or profit but to advise, guide and mentor student athletes as they navigate through the endless and infinite opportunities and possibilities of the enormous financial abundance created by NIL. When you say holistic service management and consultancy in the NIL realm, you’re talking about financial literacy, content creation, public relations, media relations, brand matching, image building, sports marketing and philanthropy.

Beebe, who was a music executive before he got into NIL, immediately saw the symbiotic relationship between music and sports and has positively used his

Pinuno Senator Lapid hails Ochoa, Custodio

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INUNO Senator Manuel “Lito” Lapid on Monday commended Meggie Ochoa and Kimberly Anne Custodio for their impressive performances in the recent Jiu-jitsu International Federation World Championships in Abu Dhabi.

In filing Senate Resolution No. 277, Lapid congratulated Ochoa and Custodio for bagging gold medals in the women’s adult 48 kgs and -45 kgs categories, respectively.

“Three-time world champion Meggie Ochoa, Kimberly Anne Custodio and the entire team again showed a world-class performance of Filipino athletes,” Lapid said.

According to Lapid, the two athletes exhibited their mastery of the grappling sport and deserve the recognition and commendation from the Philippine Senate.

“Their triumph continues to be an inspiration for all of us in government who are doing their best to help develop Philippine sports through our athletes,” Lapid added.

The two martial artists were part of an eight-man team in Abu Dhabi. With them were Jenna Kaila Napolis, Ashley Villaret, Myron Mangubat, Jan Cortez, Brendo Pudan and Philip Alegre.

Ochoa and Custodio led the Philippines to a fourth place finish in the team competition behind host United Arab Emirates, Canada and Germany.

“Team Philippines’s momentous win yet again brings honor and pride to our country, reaffirming our presence in the world of Jiu-Jitsu, the outstanding performance of Meggie Ochoa showcases the relentless desire of our countrymen to achieve excellence in sports,” Lapid said.

network in the music industry as part and parcel of NIL Management’s core competencies.

According to the website nyweekly.com, “In only a year and a half since opening its doors, the talent agency has negotiated $2 million worth of deals for its clients with reputable brands such as Adidas, Lovesac, American Eagle Outfitters, Reebok, Hisense and many more. Additionally, the agency recently announced a significant partnership that will help transcend the NIL marketplace for athletes and their fans while also playing a part in Ohio State being the #1 NIL school in the nation. With over 50 Top NCAA NIL Clients such as Heisman hopeful CJ Stroud, TreVeyon Henderson, Jaxon Smith-Njigba, Cade Stover, and Tommy Eichenberg, NIL Management is leading the industry in the country.”

Zach works with longtime business partner and lawyer Ed Brown who has been a lawyer for over a decade, he says “none of this would have been possible without him.”

NIL Management’s approach, just like in the film Jerry Maguire, is a personal, informal, and non-transactional relationship. It’s working together not working for.