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Manufacturing output slows 2.4% in Sept–PSA

T THE WORLD ›› A10

UN CHIEF, GORE AND OTHERS GIVE HEATED WARNINGS IN CLIMATE TALKS

HE country’s manufacturing output slowed 2.4 percent in September, according to the latest data released by the Philippine Statistics Authority (PSA). The PSA said the September Volume of Production Index (VoPI) was the slowest since June 2022 when it posted growth of only 0.2 percent. The VoPI was at 4.4 percent in August and 124.3 percent in September 2021. The actual performance of the manufacturing industry was worse than what Moody’s Analytics

expected in its Asia Pacific Review. It initially expected industrial production to slow to 2.6 percent in September. “Out of the 22 industry divisions, 13 reported positive annual growth which was led by manufacture of machinery and equipment except electrical with 90 percent annual growth rate,” the PSA said. “On the contrary, nine industry divisions posted annual decreases with the manufacture of electrical equipment exhibiting the fastest annual drop of 54.7

percent,” it added. Other losers were the manufacture of basic metals which contracted 34.2 percent, furniture, 11.5 percent; manufacture of beverages, 6.8 percent; and printing and reproduction of recorded media, 6.5 percent. Top gainers included the manufacture of wood, bamboo, cane, rattan articles and related products which grew 77.6 percent; chemical and chemical products, 30.1 percent; and fabricated metal products except machinery and

equipment, 21.7 percent. Meanwhile, the Value of Production Index (VaPI) continued to register a two-digit year-onyear increment of 10 percent in September 2022, slower than the August 2022 annual growth of 11.8 percent. In September 2021, PSA said the VaPI accelerated with an annual growth rate of 124.6 percent. Contributing to the increase of VaPI were the annual growth rates See “Manufacturing,” A2

BusinessMirror A broader look at today’s business

www.businessmirror.com.ph

Wednesday, November 9, 2022 Vol. 18 No. 28

JOBLESS RATE DIPS, BUT MORE UNDEREMPLOYED n

P25.00 nationwide | 2 sections 24 pages | 7 DAYS A WEEK

EXTRACTIVE INDUSTRIES A MAJOR GROWTH DRIVER

BLOOD MOON The reddening of the moon, a phenomenon that happens with a total lunar eclipse, is seen Tuesday (November 8, 2022) night along C5 Road in Las Pinas City. In an eclipse, the earth casts its shadow comletely over a full moon, blocking reflection of all direct sunlight from the lunar orb; hence, leaving the moon’s color a reddish hue. NONIE REYES By Cai U. Ordinario

@caiordinario

VER a million Filipinos became underemployed in September, according to data released by the Philippine Statistics Authority (PSA), even as government economists touted the decline in the number of the jobless compared to August. The PSA data showed the number of jobless Filipinos reached 2.5 million in September 2022, a 1.78-million decline from the 4.28 million posted in September 2021. There was also a decline of

183,000 in the number of unemployed workers compared to August, when 2.68 million Filipinos were out of work. See “Jobless,” A2

ITH the extractive industries contributing billions to government coffers, the current administration is bent on turning it into a major growth driver of the economy in the medium term, Finance Secretary Benjamin Diokno said on Tuesday. According to him, the extractive industries posted a P363-billion contribution to government revenues from 2012 to 2019. In order to harness the potential of the industry, Diokno said the government intends to push for the subnational implementation of EITI, or the Extractive Industries Transparency Initiative. Local governments are tasked to govern extractive activities, specifically small-scale mining sectors. “With the Marcos administration banking on the potential of the extractive sector to drive

long-term economic expansion, the inclusive and data-informed governance of the extractive industries becomes more critical than ever,” Diokno said at the FORGE PH: Philippine Extractive Industries Transparency Initiative (PH-EITI) National Conference on Tuesday. Moreover, the EITI platform will be used to ensure equitable government revenue share from resource utilization, which is demonstrated in PH-EITI’s contribution to the crafting of a new fiscal regime for mining. EITI data will be utilized to inform the public and stakeholders of initiatives towards climate change mitigation and adaptation, and the transition to low-carbon energy. With this, Diokno urged stakeholders to continue using See “Extractive,” A2

ERC fines NGCP ₧5.1M over AS rules violations By Lenie Lectura @llectura

HE Energ y R eg u l ator y Commission (ERC) has directed the National Grid Corporation of the Philippines (NGCP) to pay a penalty of P5.1 million for not complying with the circular of the Department of Energy (DOE) requiring procurement of ancillary services (AS) or power reserves. In its decision, the ERC considered NGCP’s failure to submit to the DOE its terms of reference (TOR) and invitation to bid (ITB) as one violation; and its failure to publish and maintain on its

website without the prior DOE approval of the TOR and ITB, another violation. The NGCP, when sought for comment, said it was “sorely disappointed at the recent turn of events,” and that the grid operator is “still dealing with the same economically motivated political maneuvers.” “We were wary and defensive, given the overtly biased and intrusive political atmosphere prevailing at the time. The relentless attacks we suffered, and the fault finding where there was no fault to be found was a clear indication to See “Fines,” A2

PESO EXCHANGE RATES n US 58.5010 n JAPAN 0.3990 n UK 67.3756 n HK 7.4526 n CHINA 8.0914 n SINGAPORE 41.7745 n AUSTRALIA 37.8969 n EU 58.6356 n KOREA 0.0420 n SAUDI ARABIA 15.5691 Source:

BSP (8 November 2022)

Wednesday, November 9, 2022

BusinessMirror

Senate opens ’23 budget drive S

EN. Juan Edgardo Angara, chairman of the Senate Finance panel, on Tuesday sponsored in plenary the P5.268trillion national budget for 2023, which he sa id had considered t he u s u a l b u d ge t p r ior it i e s plus new r isk s f rom globa l and loc a l headw i nd s despite t he huge f isca l c ha l lenge. As in past years, said Angara, the general appropriations bill from the House, as initially vetted by the Senate committees, embodied priority allocations for the so-called “4 Ps” - population, presyo or the continuing challenge of inflation, proyekto or the vital government projects, and personnel services or the huge bureaucratic payroll. But in addition, he said, the 2023 budget wrestled with three more “Ps”-- or “pandemic, Putin and Paeng” -- referring to new fiscal requirements for continuing recovery from Covid’s impact on economic sectors, the fallout from Russia’s invasion of Ukraine, and the huge tabs for damage caused by tropical storm Paeng. After Angara’s sponsorship

Extractive. . . Continued from A1

PH-EITI data in their research work and policy advocacy. “As we close in on our first decade of being an EITI-implementing country, we commit to making implementation more inclusive, more meaningful, and responsive to the needs of our stakeholders,” he said. FORGE PH is the annual assembly

speech, Senate President Pro Tempore Loren Legarda delivered her cosponsorship, endorsing the proposed 2023 budgets of the Department of Foreign Affairs (DFA), the Department of Labor and Employment (DOLE), which includes Technical Education and Skills Development Authority (Tesda). “The past two years have been challenging for many of us. The Covid-19 pandemic brought the world to an unprecedented level of societal disruption,” she said, noting that the world “was faced with enforced lockdowns, restricted movements, and a prohibition on traveling. With the global economy at a standstill, industries were devastated, and millions of jobs were lost.” “As of November 7, 2022, the virus has affected more than 4 million individuals and claimed the lives of more than 64,000. The country’s poverty incidence also rose to 23.7 percent in the first half of 2021 from 21.1 percent in the same period of 2018. Gross Domestic Product (GDP) fell by the worst contraction of GDP since World War II, falling

of the extractive sector that updates stakeholders on progress in achieving greater transparency and accountability in the extractive industries. This year, the national conference focused on how the PH-EITI can respond to concerns on climate change and energy transition, which is in line with the initiative to incorporate sustainability concerns in the global reporting standard. The EITI International, chaired by former New Zealand Prime Minister

by 9.5” in 2020,” Legarda said. The subcommittee report, she explained, aims to promote security and build back better by assessing measures that focus on potential targets for stimulus spending that may offer nearterm benefits in terms of job creation and long-term outcomes for sustainability and resilience. For the DOLE, which includes the Tesda, the Legarda-led subcommittee recommended a 2023 budget of P49.223 billion. T he subcommittee submitted the 2023 budget of the DFA at P20.48 billion, an additional P181.48 million from the P20.30 billion proposed budget in the GAB. Senator Pia S. Cayetano, senior vice chairperson of the Finance committee, endorsed the budgets of the (a) Department of Health and its attached agencies and corporations; (b) Department of Education and its attached agencies; (c) Commission on Higher Education; (d) State Universities and Colleges; (e) Cultural Agencies; and (f) the Development Academy of the Philippines. Butch Fernandez Helen Clark, has been supporting the Philippines in maintaining a high level of transparency and stakeholder engagement in its extractive industries. The PH-EITI is a government-led, multi-stakeholder initiative implementing EITI, the global standard that promotes the open, accountable management, and good governance of oil, gas, and mineral resources. It was created on November 26, 2013 through EO No. 147, series of 2013. Cai U. Ordinario

Fines. . . Continued from A1

us that this, and other contemporaneous moves undertaken by certain players in the industry, were part of a larger, orchestrated plan to put their economic interests above ours, even at the expense of the consumers,” NGCP said. It did not elaborate. Under DOE Department Circular No. DC2021-10-0031, entitled “Prescribing the Policy for the Transparent and Efficient Procurement of Ancillary Services by the System Operator” (AS-CSP Policy), the said policy requires all AS to be procured pursuant to an open and competitive process under a firm contracting agreement. This aims to improve transparency, competitiveness, and wide dissemination of bid opportunities among qualified facilities. For energy security, it is crucial for NGCP to meet and maintain the required reserve levels, the ERC said. Section 7.4 of the policy requires NGCP, as System Operator (SO), prior to the publication of the ITB, to submit for DOE’s approval the TOR to determine if such is consistent with the CSP policy and the draft instruction to bidders. In its explanation filed with the ERC, NGCP admitted that it did not comply with Section 7.4 of the AS-CSP since the said provision is allegedly not valid. Given this admission and what it deemed as an unmeritorious defense, the ERC found the NGCP in violation of its obligations under Section 7.4. On the other hand, Section 7.5 of the AS-CSP policy requires the Third-Party Bids and Awards Committee (TPBAC) to publish and post the ITB in accordance with the periods specified in the DOE Circular. The ERC said it found that when NGCP proceeded to publish and post the ITB without prior DOE approval, it committed a violation of said provision of the AS-CSP policy. NGCP said it submitted to the DOE the appropriate submissions on AS-CSP. However, “as if timed to the hour, the ERC show-cause [order] was issued the very next day,” the NGCP recalled. “On the alleged willful disregard mentioned by the ERC, this has to be put in the proper context, and our acts shouldn’t be taken in isolation,” it added. The NGCP is willing to cooperate with the industry leadership “if vested interests are set aside, and fairness made to prevail,” hoping that “national economic recovery and energy stability will be prioritized above self interest.” The ERC decision further stated that no amount of monetary penalty can sufficiently equate to or compensate for the willful disregard by NGCP of validly issued regulations of the Philippine Government and its administrative agencies.

Manufacturing. . . Continued from A1

exhibited by 15 out of the 22 industry divisions. Among these, manufacturing of machinery and equipment except electrical posted the highest annual growth rate of 86.3 percent in September 2022. “On the other hand, the remaining seven industry divisions posted decreases in their production with the manufacture of electrical equipment registering the fastest annual decline of 53.5 percent,” PSA, however, said.

Capacity utilization

MEANWHILE, based on the responding establishments, the average capacity utilization rate for the manufacturing sector in September 2022 was reported at 71.5 percent, from 71.4 percent in the previous month. There were 20 out of 22 industry divisions with more than 60 percent average capacity utilization rate, led by manufacture of wearing apparel at 80.9 percent. This was followed by the average capacity utilization rate recorded by the manufacture of furniture at 80.3 percent, and manufacture of computer, electronic, and optical products at 80 percent. “The proportion of establishments that operated at full capacity [90 percent to 100 percent] was 22 percent of the total number of responding establishments. Meanwhile, 39.1 percent operated at 70 to 89 percent capacity, while 38.9 percent operated below 70 percent capacity,” PSA said. The Production Index and Net Sales Index is the new term used instead of the Monthly Integrated Survey of Selected Industries (Missi). The report continues to monitor the production, net sales, inventories, and capacity utilization of selected manufacturing establishments to provide flash indicators on the performance of the manufacturing sector. Cai U. Ordinario

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Jobless. . . Continued from A1

The National Economic and Development Authority (Neda) said the country’s unemployment rate significantly declined to 5 percent in September 2022 from 8.9 percent in the same period last year. This rate, Neda said, remained largely on a par with major Asian economies and is lower compared to that of India, Indonesia, and China. “The recent survey results show the gains of the full reopening of our economy. The government will leverage on this momentum by strengthening policy interventions and investing in innovation and technology systems geared toward generating higher-quality employment that provides adequate income for Filipino workers and their families,” Socioeconomic Planning Secretary Arsenio M. Balisacan said in a statement. “With the Philippine Development Plan 20232028 nearing its completion, we aim to strategize for a more efficient labor market by improving the quality of education, providing opportunities for life-long learning, skills development and options to obtain micro-credentials, enhancing job facilitation programs, and strengthening linkages among industry, business, and training institutions,” Balisacan said.

Visibly underemployed

OVERALL, there were a total of 7.326 million underemployed Filipinos, the majority of whom were visibly underemployed. There were 4.677 million visibly underemployed Filipinos and 2.649 million invisibly underemployed. Data showed 1.144 million Filipinos joined the ranks of the underemployed from the 6.183 million posted in September 2021. Of this number, those who were visibly underemployed increased 262,000 while 882,000 joined the ranks of the invisibly underemployed. “With the Philippine Development Plan 20232028 nearing its completion, we aim to strategize for a more efficient labor market by improving the quality of education, providing opportunities for life-long learning, skills development and options to obtain micro-credentials, enhancing job facilitation programs, and strengthening linkages among industry, business, and training institutions,” Balisacan said in a statement. Underemployed persons are people who expressed a desire to have additional hours of work in their present job or to have an additional job, or to have a new job with longer hours of work. Visible underemployment is experienced by underemployed persons working less than 40 hours in a week. Invisible underemployment is experienced by underemployed persons who are working at least 40 hours in a week. The PSA data also includes a number of underemployed persons but with unreported hours worked under invisibly underemployed. “Ensuring food security remains our top priority. In the immediate term, the government is providing targeted cash transfer as well as fuel and crop subsidies to help protect the purchasing power of Filipinos and reduce the incidence of invisible underemployment among low-income households,” Balisacan said. Filipinos in the labor force increased by 2.21 million to 50.08 million in September 2022 from 47.87 million in September 2021. However, compared to August 2022, almost half a million or 470,000 Filipinos dropped out of the labor from the 50.55 million in the previous month.

Female dropouts

IN a virtual press conference on Tuesday, National Statistician Claire Dennis S. Mapa said the majority or over 300,000 of those who dropped out of the labor force were female. According to Mapa, going back to school and staying at home to do household duties were cited as the main reason for dropping out of the labor force. Nonetheless, Neda said that with the vibrant resumption of economic activities, an additional 2.2 million Filipinos joined the workforce, raising the country’s labor force participation rate to 65.2 percent in September 2022 from 63.3 percent year-on-year. This accelerated the employment rate to 95 percent in September 2022, the highest recorded rate since January 2020. The significant de-escalation of community quarantine restrictions translates to an employment creation of 4 million year-on-year, bringing the total employment to 47.6 million in September 2022. In addition, Balisacan highlighted the need for effective implementation of emergency employment programs and other forms of assistance to immediately assist those who were hard-hit by the calamities. Neda also highlighted the crucial role of the timely passage of the FY 2023 budget and expediting the FY 2022 budget implementation in accelerating recovery and mitigating impact of external risks, particularly the job-generating infrastructure projects.

The Nation BusinessMirror

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NCRPO: Tight security in place for Bar exams

OLICE forces will implement tight security measures around the vicinity of five Metro Manila venues for the annual Bar examinations, which is set to start today, Wednesday, National Capital Region Police Office (NCRPO) chief Brig. Gen. Jonnel Estomo, said Tuesday. Estomo said the deployment of 500 uniformed police personnel is intended to deter any untoward incident that may occur on November 9, 13, 16, and 20, 2022, as well as to ensure order around the premises of five testingvenues,which are De La Salle University of Manila, San Beda University, Manila Adventist College, University of the Philippines-BGC and Ateneo De Manila University. A total of 9,821 are expected to take the Bar Examinations nationwide. The Metro Manila top cop added that security personnel will be deployed to provide area security, augmentation for civil disturbance management, traffic direction and control, and emergency preparedness and response when the need arises to ensure safety, security, peace, and order during the conduct of the Bar exams. “We are aiming for a peaceful and orderly conduct of the coming bar examination.Oursecurityanddeployment plans are all set and ready and we have also prepared contingency and emergency plans if anyone might try to disrupt the peace and order in the places of event. But we are optimistic that there’s no need for us to implement it,” Estomo said in a news statement. Glen Jacob Jose

Editor: Vittorio V. Vitug • Wednesday, November 9, 2022 A3

PBBM eyeing to transfer NDRRMC under OP By Samuel P. Medenilla @sam_medenilla

& Jovee Marie N. Dela Cruz @joveemarie

O further streamline government’s disaster response, President Ferdinand R. Marcos Jr. is inclined to transfer the National Disaster Risk Reduction and Management Council (NDRRMC) from the Department of National Defense-Office of Civil Defense (DND-OCD) to the Office of the President (OP). In an interview during the 9th commemoration ceremony of Supertyphoon Yolanda (international code name Haiyan) in Tacloban City, Leyte, on Tuesday, the President said he is considering the measure to empower NDRRMC to respond to the increasing number of extreme weather incidents caused by climate change. “There has been a suggestion that has been going around for many years now that we will put the disaster response team, the national response team, under the Office of the President,” Marcos said. “So that’s what we are planning to do in the near future,” he added. Marcos’s sister, Sen. Imelda “Imee” R. Marcos, had earlier proposed for the transfer as an alternative to pending bills, which will transform the NDRRMC to the Department on Disaster Resilience (DDR). The lawmaker expressed her res-

ervation over the creation of the new department since it will entail more operational cost to the government. The bills creating the DDR are still pending in Congress. The NDRRMC coordinates government agencies activities during calamities. Its operations remain limited since it relies on its member agencies for funds. The President said this will be addressed once the NDRRMC operates directly under the OP allowing it to better conduct its ground operations such as delivering relief aid, constructing infrastructures, coordinating with local government units (LGU) and restoring power and communication in calamity-hit areas. “We are continuing to refine the procedures, to refine the processes, the organization, so that we will do even better than we have so far,” the President said.

House support

THE leadership of the House of Representatives on Tuesday strongly backed the statement of the President transferring NDRRMC to OP. Speaker Martin Romualdez said the proposed transfer gives the President a direct hand in managing government responses to natural calamities and in mitigating the impact of climate change-related issues and problems. “It simplifies the flow of responsibility and directives to the more

than 30 departments, agencies and organizations sitting in the council,” Romualdez said. He said the President’s statement was announced on the day Yolanda made landfall in Eastern Visayas nine years ago. Yolanda was one of the most powerful tropical cyclones ever recorded, leaving more than 6,000 people dead, hundreds, perhaps thousands more missing, tens of thousands homeless and jobless, and countless communities flattened. The Speaker also noted that climate change-related issues and problems like extreme weather conditions are worsening. “Like many nations, we have no choice but to prepare for these eventualities. Our situation is even peculiar because we are visited by an average of 20 tropical storms every year. We have to streamline our disaster responses and the management of risks to natural calamities,” Romualdez said. He said the country “has to become climate change resilient.” Congress created the NDRRMC under Republic Act (RA) No. 10121 or the Philippine Disaster Risk Reduction and Management Act of 2010. The council is chaired by the secretary of the DND, with the secretary of the Department of the Interior and Local Government as vice chairperson for disaster preparedness, the secretary of the Department of Social Welfare and Development (DSWD) as vice chairperson for disaster re-

sponse, the secretary of the Department of Science and Technology as vice chairperson for disaster prevention and mitigation, and the director general of the National Economic and Development Authority (Neda) as vice chairperson for disaster rehabilitation and recovery. Council members include the secretaries of health, environment and natural resources, agriculture, education, energy, finance, trade and industry, transportation, budget and management, public works and highways, foreign affairs, justice, labor and employment, and tourism. Also sitting in the NDRRMC is the presidential adviser on the peace process, chairman of the Commission on Higher Education, chief of staff of the Armed Forces of the Philippines, chief of the Philippine National Police, press secretary, commissioner of the National Anti-Poverty Commission, chairperson of the National Commission on the Role of Filipino Women, head of the Housing and Urban Development Coordinating Council, executive director of the Climate Change Commission, the presidents of the Government Service Insurance System, Social Security System, PhilHealth, League of Provinces of the Philippines, League of Municipalities of the Philippines, Liga ng mga Barangay, four representatives from civil society groups, one representative from the private sector, and the OCD administrator. The OP is represented in the coun-

cil by the executive secretary.

‘Yolanda’

AS Filipinos commemorate the 9th year of one of the strongest typhoons ever to hit the Philippines, Romualdez said President Marcos was one of the first personalities who immediately responded after Yolanda. The President was the guest of honor during Tuesday’s Yolanda Memorial held at the mass grave for the victims of the super typhoon in Basper Village, Tacloban City, where 2,273 bodies of victims are buried. “And throughout the years, he [the President] has been with us, not only in remembrance of our loss but in keeping alive the lessons we learned in that tragic moment so we could ensure it won’t happen again,” he added. For her part, Tingog Party-list Rep. Yedda Marie K. Romualdez said, “We commemorate this day by honoring the many who perished and by remembering the heroes that bravely stepped in to take action, responding to the calls for help and extended their unwavering service during the aftermath of the storm.” A wreath laying was conducted to honor the memories of those who perished nine years ago, and to recognize the valiant efforts of rescue workers who helped rescue and rebuild areas battered by the typhoon. Speaker Romualdez said that although they are remembering the tragedy, it also brought out the best in people.

A4 Wednesday, November 9, 2022 • Editor: Vittorio V. Vitug

Economy BusinessMirror

Wage boards keep track on inflation for possible wage hike–DOLE chief

By Samuel P. Medenilla

@sam_medenilla

EGIONAL wage boards are studying the possibility of a new round of pay hike amid soaring inflation, according to the Department of Labor and Employment (DOLE).

In a television interview last Tuesday, Labor and Employment Secretary Bienvenido E. Laguesma disclosed the Regional Tripartite Wages and Productivity Board (RTWPB) will be conducting the review as rising cost of living “eroded” the value of wages. “Under the existing law, there should only be a wage adjustment once a year. But the RTWPBs are now monitoring factors which con-

tribute [to higher prices] to determine if there will be another [wage] adjustments again,” Laguesma said in Filipino. An exemption to the one-year ban is if the RTWPB determines there is a supervening condition in its jurisdiction, which includes “extraordinary increase in prices of petroleum products and basic goods and services.” Laguesma explained one of the major factors to be considered by the

RTWPBs for making determination is the capability of employers to afford such pay increase. The labor official made the remark after labor groups renewed their calls for a pay hike after state statisticians reported inflation accelerated to 7.7 percent last month from 6.9 percent last September. The Partido Manggagawa has called on Congress to pass the pending bill granting workers a P100 across-the-board salary increase to help them cope with rising prices of basic goods and services.

Root causes

FOR its part, the Trade Union Congress of the Philippines (TUCP) said it is not keen on demanding for pay increases since many companies, particularly micro, small and medium enterprises are still reeling from the business disruptions caused by the pandemic. “Until and unless we address

the basics [which cause inflation], a wage hike might also become inflationary,” said TUCP Vice President Luis Corral. Instead of a pay hike, the labor leader said they are demanding for new non-wage benefits, which will provide affordable food and energy to workers. He also urged the government to grant their proposed labor assistance subsidy fund. Under the scheme, the government will provide subsidies to employers and their workers who are struggling with high inflation. Laguesma said DOLE is coordinating with the other government agencies to study the proposed additional subsidies for workers. Last week, President Ferdinand R. Marcos Jr. assured the government will continue to provide cash transfers and fuel discounts to mitigate the effects of inflation to vulnerable sectors.

DOLE vows help to PCUP through GIP and TUPAD for urban poor

HE Department of Labor and Employment (DOLE) has pledged support to the initiative of Presidential Commission for the Urban Poor (PCUP) commissioner in-charge for the National Capital Region (NCR) Reynaldo Galupo that seeks to augment the PCUP’s work force in the fulfillment of its mandate of serving the country’s marginalized and underprivileged sectors, particularly the urban poor. Not leaving a single stone unturned in his quest to ensure success for the PCUP in its performance of serving the less fortunate members of the citizenry, the NCR commissioner met with DOLE’s Bureau of Workers with Special Concerns Executive Director Ahmma Charisma Lobrin-Satumba to discuss the pos-

sibility of availing the labor department’s Government Internship Program (GIP) and Special Program for the Employment of Students (SPES). Prior to the meeting, PCUP chairperson and chief executive officer Undersecretary Elpidio Jordan Jr. had already negotiated DOLE Workers’ Welfare and Protection Cluster Assistant Secretary Dominique Rubia-Tutay and labor employment officer Erickson Mag-isa pointers on how to expand the partnership between the two agencies and give broader access for urban poor groups to avail of livelihood and employment opportunities. Coinciding with the celebration of the annual Urban Poor Solidarity Week (UPSW) scheduled in December in Mandaluyong City and

Panel OKs green public W procurement program

By Jovee Marie N. Dela Cruz @joveemarie

ITH government spending constituting almost a quarter of the Philippine national economy and likely to increase in the coming years, the House Committee on Sustainable Development Goals approved on Tuesday a bill establishing a

Masbate, the PCUP and DOLE is set to sign a memorandum of agreement to strengthen its partnership in providing genuine service to the country’s marginalized and underprivileged sectors. Meanwhile, Dir. Lobrin-Satumba explained that under the DOLE’s GIP and SPES, three to six month’s internship opportunity is provided for high school, technical-vocational or college graduates who want to pursue a career in public service in either the local or national government. Aside from seeking availment of the GIP and SPES, Galupo likewise pushed for the implementation of TUPAD to beneficiaries who would be identified and accredited by the PCUP in order for them to be given much needed assistance in recover-

Green Public Procurement Program for all branches of government. House Committee on Sustainable Development Goals Chairman Eduardo “Bro. Eddie” C. Villanueva said members of his panel approved House Bill 1272 or the proposed Green Procurement Act. The authors of the bill are Camarines Sur Reps. Lray Villafuerte, Miguel Luis Villafuerte and Tsuyoshi

ing from the backlash of the economic downturn brought about by the coronavirus pandemic in the past three years. This was welcomed by Dir. Lobrin-Satumba who noted the PCUP’s capacity to identify those beneficiaries who can avail of DOLE’s community-based package of assistance that provides emergency employment for workers who have been displaced, are underemployed or under seasonal employment. The PCUP with its new administration under the chairmanship of Jordan and in pursuit of the fulfillment of its mandate to help the urban poor, the PCUP CEO has vowed to support the poverty alleviation program of President Ferdinand “Bongbong” Marcos Jr.

Anthony Horibata and Bicol Saro Rep. Nicolas Enciso VIII. During the hearing of the bill, Procurement Service-Department of Budget and Management Executive Director Dennis S. Santiago backed the passage of the measure as it will provide a legal framework on green public procurement. Over a short to medium-term period, Santiago said procuring green

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PPMA: Give us cheaper packaging alternative for lower priced meds By Andrea E. San Juan

HE Philippine Pharmaceutical Manufacturers Association (PPMA) said it expects ProPak Philippines to come up with new technologies on packaging that will help the pharmaceutical industry address its problems, particularly on the packaging cost, which it said is a “big component” of the cost of medicine. “Give us more efficient packaging materials that is up to what the size of industry right now, dun sa mga packaging materials na mas mura, yet mae-ensure ’yung integrity and safety and stability of the product,” PPMA President Higinio Porte Jr. said during a news briefing of ProPak Philippines in Makati City on Tuesday. “Kasi a big component of the cost of medicine is more on the packaging process and packaging material, mas mura pa nga minsan ‘yung raw materials eh lalo na dun sa liquids, karamihan nun tubig, so a big portion of the cost is on the packaging materials and packaging process,” Porte explained. Porte told reporters on the sidelines of the news briefing that of the total manufacturing cost of medicine, about 30 percent goes to the cost of the packaging material. With this, Porte told ProPak Philippines, “We expect new technologies that will address, give solutions to our problems, to become more efficient in the manufacturing and less cost.” Porte told the BusinessMirror in a text message, “Rising cost of packaging material is global in scale, which is affected by rising cost of fuel and the strengthening of dollar. Though some packaging materials are locally produced but the starting materials are imported, thus the rise in cost of producing them.” He added that this could be mitigated by “pooled ordering” or the higher quantity of orders covering several months so that there would will become the norm for an increasing number of commonly and non-commonly used supplies and equipment of the government. Green Public Procurement (GPP) is a process whereby public authorities seek to procure goods, services and works with a reduced environmental impact throughout their life cycle when compared to goods, services and works with

be a volume discount. On Tuesday, ProPak Philippines, as organized by Informa Markets, said in a news statement that it is making a comeback in February 2023, to gather industries engaged in the latest packaging and processing technologies and the business community. According to Informa Markets, ProPak Philippines will highlight innovations and advancements in processing, manufacturing, and packaging technology, connecting international suppliers to local and regional buyers in food, drink, and pharmaceutical industries. Informa markets said joining the event are companies engaged in processing machinery, technology, and materials in the sectors of filling, quality assurance, testing and measurement, maintenance, and their related fields of automation, instrumentation, transportation, refrigeration, storage, and pollution control. Also represented are businesses involved in labeling, printing, water treatment equipment, plastics processing, and wrapping machinery. The three-day exhibition will also feature training courses from the Australian Institute of Packaging (AIP); packaging consultations for MSMEs, talks and workshops in manufacturing and packaging, led by DTI, the Department of Science and Technology (DOST) with its Packaging Technology Division (PTD), PROMAP, and the Active and Intelligent Packaging Industry Association (AIPIA). Among the early-confirmed exhibitors are the Miura Singapore Co. Pte. Ltd.; Krirub Industrial Sales; Formway Trading & Services Inc.; Buhler Philippines Inc.; Rieckermann Machinery & Industrial Solutions; Aumpack Inc.; Conveying and Packaging Co. Inc.; Wolf Packaging Machines Co., Ltd.; Loopex Packaging Products Inc.; Elixir Industrial Equipment Inc.; Victorious Team Provider Corporation; and the VCP Trading International Corp. the same primary function that would otherwise be procured. GPP is a voluntary instrument. The government of the Philippines has decided to adopt this concept to develop the country in line with the Sustainable Development Goals agreed by the United Nations until 2030 and the UN 10-Years Framework Program on Sustainable Consumption and Production.

News BusinessMirror

www.businessmirror.com.ph

Wednesday, November 9, 2022 A5

Remulla: No other possible suspects in Percy Lapid murder case By Joel R. San Juan @jrsanjuan1573

UST ICE Secretar y Jesus Crispin Remulla has ruled out the possibility of the involvement of other masterminds in the killing of broadcaster Percival “Percy Lapid” Mabasa last October 3, aside from suspended Bureau of Corrections (BuCor) DirectorGeneral Gerald Bantag. In an interview with reporters, Remulla said evidence and the money trail that authorities have gathered so far would point to Bantag, his deputy security and operations officer (DSO) Ricardo Zulueta and several persons deprived of liberty (PDLs) were involved in Lapid’s killing. “None, we don’t see [other possible masterminds],” Remulla said. Remulla made the statement even as Lapid’s brother Roy Mabasa said that while they are glad on the filing of the case against Bantag and several others, the family remains unconvinced that the mastermind

behind the murder stops with the suspended BuCor chief. Mabasa even noted Justice Secretary Jesus Crispin Remulla has said that the case is still only 95 percent solved and that investigators are still working on the remaining 5 percent. “We are not convinced as of now that this case stops with Bantag. It is our hope that the investigation will continue until the real mastermind is unmasked,” Mabasa said. The National Bureau of Investigation (NBI) also said it is not discounting the possibility that there could be a more powerful or influential mastermind behind Lapid’s killing. NBI supervising agent lawyer Eugene Javier made the remarks a day after the NBI and the Philippine National Police jointly filed murder charges against Bantag, Zulueta and several PDLs for their alleged involvement in the killing of Lapid and Bilibid inmate Jun Villamor, the alleged middleman in the case, before the Department of Justice. Javier said they have received in-

telligence information about another supposed mastermind in Lapid’s killing other than Bantag. But Javier admitted that the information has yet to be verified. “We are not discounting the possibility that aside from Director General Bantag, there could be someone else who would be implicated in this case,” Javier said in a television interview. “We have to understand that Director General Bantag has the rank of undersecretary as BuCor chief. It is only logical na mas mataas pa sa kanya [that there is someone with a higher rank than him]. Then he should be very powerful,” he added. Reacting to Javier’s statement, Remulla said: “Let’s see. What I can say to you is everything is possible but from what we have it starts there, we don’t see other [masterminds]. We just follow the money [trail] and we just follow the evidence. It’s difficult to speculate,” Remulla explained. “When you enter the realm of speculation, we’re not doing the

country a favor. Let’s just stay true to ourselves,” he added. Remulla also dismissed insinuations that former President Rodrigo Duterte should be considered as one of the persons of interest in the Lapid murder case since the latter was also critical of the former. “None. That’s too far-fetched, This is different. We are talking about following the money [trail] and the conversations. We cannot bring it to that level. That is political. That is already the political level. We are not concerned about politics. We’re concerned about the crimes,” he pointed out. The DOJ chief said Bantag had a clear motive to kill Lapid due to the latter’s continued exposure of his activities in his radio program “Lapid Fire.” As to Villamor, he said he was killed to cover up Lapid’s murder. Earlier, Remulla called on Bantag and Zulueta to surrender and face the charges, saying they will be accorded due process and fair hearing to defend themselves.

But he admitted that Zulueta had gone into hiding four or five days ago. “I was hoping I could point to other groups, the drug lords, and not Bantag but what came out of the facts,” he pointed out. Remulla, however, noted that the case is only 95 percent as they are still waiting for the report from the Anti-Money Laundering Council to trace the money trail in the case. The AMLC earlier confirmed that the bank account of self-confessed gunman Joel Escorial received P550,000, the same amount allegedly offered to kill Lapid. “We are waiting for the AMLC report that’s why we are at 95 percent in the case. We are still completing all the evidence since there are other names coming out in connection with the money. We always follow the money when there is a criminal enterprise. We have suspects there already,” he said. “With the filing of these cases, the AMLC is now free to investigate because the cases are there already,” he added.

Remulla said it is the affidavits of the witnesses pointing to the commission of a crime and to Bantag as the alleged mastermind. “Let us look at the facts. Let us not look at the speculations of people,” he stressed. “We have no biases here. We are not here to oppress anybody. We are here to find out the truth. That’s our job,” the justice chief added. Remulla also said they have yet to finalize the team of prosecutors who will handle the case but said he hopes it will be done before Friday when he leaves for Geneva, Switzerland, to attend another human rights conference. The justice chief said the prosecutors are preparing for the filing of a motion before the court for the issuance of a hold departure order (HDO) against Bantag and Zulueta. Bantag previously denied involvement in Lapid’s murder, saying he has nothing to gain from it. He declared he would rather die than be jailed for a crime he did not commit.

CTRP Part 4, two other tax bills hurdle House 2nd reading By imposing this levy, she added, all stakeholders will be encouraged to explore and utilize environment-friendly alternatives to single-use plastic bags given its detrimental effects on the individual while generating additional revenue for the government. This proposal will help fund the government’s solid waste management programs under the Ecological Solid Waste Management Act of 2000. The bill defines the plastic bag as secondary level plastics made of synthetic or semisynthetic organic polymer, commonly known as “labo” or “sando” bags, with or without handle, used as packaging for goods or products. The Philippine Plastics Industry Association Inc. (PPIA) told lawmakers that the proposal will hurt and

eventually kill the industry. The group said members of the industry are currently facing the negative impact of local ordinances banning the use of plastic bags in their areas. Several local government units have already issued ordinances against the single-use plastic bags.

Package 4

SALCEDA said the proposed Package 4 of the CTRP seeks to make passive income and financial intermediary taxes simpler and more efficient. T his bil l was approved on third and final Reading during the 18th Congress. This measure will redesign the taxation of the financial sector by making it simpler, fairer, and more efficient, critical to its role in the long-term growth and development of the economy.

The bill covers the lifting of the exemption on pickup trucks, which, Salceda said, “merely corrects an unfair privilege on a vehicle that is mostly for the rich, occupies very large space on the road, and is by all accounts less fuel-efficient than most other vehicles.” In 2020, Salceda said the government’s total collection from bank deposits amounted to P58.84 billion while the percentage taxes on financial institutions was around P42.90 billion. “These significant contributions add to government coffers used to finance large-scale infrastructure, create more and better jobs, and boost economic growth,” he said. Currently, Salceda said there are several tax rates and tax bases on passive income, financial services, and transactions.

Popcom: F-to-F classes might reverse gains in controlling teenage pregnancy By Cai U. Ordinario @caiordinario

HE resumption of face-toface (F-to-F) classes and increased mobility among the youth could threaten the gains in preventing adolescent pregnancy during the pandemic, according to the Commission on Population and Development (Popcom). Popcom said the Philippines can’t afford to let its guard down in terms of arresting teenage pregnancy. Data from the University of the Philippines Population Institute (UPPI) showed the proportion of young women 15 to 19 years old who have begun

childbearing sharply declined to 6.8 percent in 2021 from 13.7 percent in 2013. This was based on the results of the 2021 Young Adult Fertility and Sexuality Study (YAFS5), considered as the most comprehensive research on sexual and fertility status as well as behaviors of young Filipinos. “We should not let our guards down, as they gradually return to their normal activities. It should give us more resolve to strengthen and sustain our efforts in providing age-appropriate comprehensive sexuality education and information, as well as access to reproductive health services among

adolescents, which we deem will sustain, or further accelerate, the decline in adolescent pregnancy percentages,” Popcom Officer-inCharge Executive Director Lolito R. Tacardon said. Popcom said despite the significant slide in teen pregnancy and childbearing figures across the Philippines, more than half of the regions posted higher rates than the national average. The Davao and Bangsamoro Regions, for instance, listed 13.6 percent and 10 percent, respectively. Further, among those who have ever been pregnant in Eastern Visayas, about half were currently expecting during the time of the survey.

Group protests rush in DA-BAI guidelines on PAP importations continued from a16 The new MC 34 said President Ferdinand Marcos Jr., concurrent secretary of the Agriculture department, issued to the BAI an instruction to prescribe the guidelines in the importation of PAP from countries still affected by the ASF for aquatic feed used, as alternative source of this commodity and to prevent further serious impact on the aquaculture sector. PAP is a high-value protein supplement derived from animal byproducts of slaughterhouses and is used in the manufacture of feed products. The MC said the sourcing of PAPs from countries affected with ASF was considered, with the associated risk relative to its importation

thoroughly evaluated in accordance with Section 2 of WOAH Terrestrial Animal Health Code of 2021. The appropriate mitigation processes were put in place, said the MC. With this, DA-BAI said it was assured that the risk of transmission of ASF virus through the inclusion of PAP in aquatic feed diet is low. According to DA-BAI, the Philippines is one of the largest producers in aquaculture at the global level, with significant access to the international market, and one of the main drivers of the country’s agriculture economy with more than 2 million registered fisherfolk nationwide. To sustain the local aquaculture industry, the DA-BAI said adequate supply of feed products such as PAP,

used as raw material in the aquaculture feed manufacture, is crucial.

Stable supply

MEANWHILE, the food security and livelihood advocacy group Tugon Kabuhayan said on Tuesday the renewed importation of processed animal proteins used as fish feeds would ensure the stable supply of fish in the low-stock season from November to January. The group said PAPs are vital ingredients in fish farming, especially after the devastating effects of Typhoon Paeng and the upcoming closed fishing season, which will reduce sea-catch supply by about 15,000 metric tons monthly from November 2022 to January 2023. Jovee Marie N. Dela Cruz

The tax on income, meanwhile, varies depending on the term of the instrument, the issuer, the currency involved, and the residency of the income recipient, he said. During hearings on the bill, Salceda said the Department of Finance had recommended that the number of combinations of tax bases and rates applicable to passive income, financial intermediaries, and financial transactions be reduced from 74 to 52. The committee adopted such recommendation. The measure aims to level the

playing field by harmonizing tax treatments for certain transactions of financial institutions. It seeks to simplify the complex structure of the financial sector, ensure neutrality in tax treatment across financial institutions, improve equity among investors and savers, minimize arbitrage opportunities, and promote capital market development and tax competitiveness within the context of financial globalization, increased capital mobility and financial inclusion.

continued from a16

Meanwhile, Salceda expects the three tax measures to be approved on third reading in the House by Monday or Tuesday next week. The lawmaker also envisions the measures being ready for discussion in the Senate, which is also expected to tackle the Ease of Paying Taxes (EOPT) Act. “I think we will have at least one tax law enacted over the next six months, very possibly EOPT. But I am hopeful that we will have at least one more, hopefully one of these three,” he said.

BusinessMirror

Wednesday, November 9, 2022

ESTABLISHMENT / ADDRESS

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

QUALIFICATION AND SALARY RANGE

No.

7 PRIME TECH, INC. 10/f Ewestpod, Eton Westend Square, Yakal St. Cor. Don Chino Roces Ave., San Antonio, City Of Makati CHRIS TANTO Indonesian Speaking Customer Service Officer 1.

Brief Job Description: Manage large amount of calls, handle customer concerns ERWIN ZAIN Indonesian Speaking Customer Service Officer

Brief Job Description: Manage large amount of calls, handle customer concerns KELVIN KOSIMDY Indonesian Speaking Customer Service Officer

Brief Job Description: Manage large amount of calls, handle customer concerns RONY LI Indonesian Speaking Customer Service Officer

Brief Job Description: Manage large amount of calls, handle customer concerns

Brief Job Description: Communicate with the client functional design incharge about the detail of requirement definition and function design; explain development status and issue with team leads of the client; understand the clients original develop/runtime architecture and develop standards (including deliverable flow, template, description level); perform knowledge transfer about business requirement/functional design written in required language to team lead and members.

12.

Basic Qualification: Foreign Language Speaking Salary Range: Php 30,000 - Php 59,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Foreign Language Speaking Salary Range: Php 30,000 - Php 59,999

LEE, JIHWAN Business Development Consultant 13.

VALENCIA ALFARO, VERONICA ALEJANDRA App/cloud Support Senior Analyst

GANGULA, THIRUPATHI Software Architect 7.

Brief Job Description: In charge if the architectural roadmap, provides architecture solutions during the software development lifecycle

15.

Brief Job Description: Responsible for the overall direction and control of Logistics Operations to attain market dominance in the global semiconductor sub-contracting industry

Basic Qualification: More than 10 years in same/related field, in a management capacity preferably with experience in a semi-con industry

Brief Job Description: Provides assistance to customers during emergency calls and informational calls

ALIF GALUH PERMATA DHESA Senior Process Executive 16.

Brief Job Description: Service Support Solutions includes diagnosis, resolution and reporting of customer issues and questions

GIZELLA CAECILLIA KARUNDENG Senior Process Executive 17.

Brief Job Description: Service Support Solutions includes diagnosis, resolution and reporting of customer issues and questions SEGOVIA RAMIREZ, DOUGLAS ERNESTO Senior Process Executive

18.

Brief Job Description: Service Support Solutions includes diagnosis, resolution and reporting of customer issues and questions

HO NHI TRANH Chinese Speaking Data Entry Clerk 19.

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

HOANG THI MAI Chinese Speaking Data Entry Clerk 20.

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

HONG PHI LONG Chinese Speaking Data Entry Clerk 21.

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

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

AMUSETECH BUSINESS OUTSOURCING, OPC 2/f Rivergreen Residences, 2217 Pedro Gil St., Barangay 880, Santa Ana, City Of Manila

STEPHEN PANG YING KWONG Customer Service Representative Mandarin Speaking 9.

Brief Job Description: Build a sustainable relationship of trust through open and interactive communication in Mandarin Speaking

YAO, JINXIN Customer Service Representative Mandarin Speaking 10.

Brief Job Description: Build a sustainable relationship of trust through open and interactive communication in Mandarin Speaking

Basic Qualification: Knows how to recommend potential products or services to management by collecting customer information and analyzing customer needs

11.

Brief Job Description: Managing incoming calls and customer service inquires

BARES AND ESTRELLAS WINE AND FOOD SERVICES CORPORATION #700, Unit B1 M. Lerma., Old Zañiga, City Of Mandaluyong

22.

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

KWAN POK MUN Chinese Speaking Data Entry Clerk 23.

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

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

ANOC99 CORPORATION 5/f To 10/f Ayala Malls Manila Bay Building D., Macapagal Blvd. Cor. Aseana Street, Tambo, City Of Parañaque BUI THI CHUYEN Vietnamese Customer Service Representative

KELVIN KUEK CHE ZING Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Knows how to recommend potential products or services to management by collecting customer information and analyzing customer needs

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

25.

LAM CHEEK HUI Chinese Speaking Data Entry Clerk 24.

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

Brief Job Description: Oversee all of the tactics used to develop and cultivate long-term customer relationships

HE, DEQING Marketing And Sales Agent 26.

Brief Job Description: Researches and develops various marketing strategies for products and services and implements marketing plans and works to meet sales quotas.

Basic Qualification: Job Relevant Degree/ 5-10 Years Supervisory or Managerial Experience/ Multilingual Salary Range: Php 150,000 - Php 499,999

Basic Qualification: Can contributes information, ideas, and research to help develop marketing strategies; can help to detail, design, and implement marketing plans for each product or service being offered. Salary Range: Php 30,000 - Php 59,999

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

Basic Qualification: 1-year customer service associate experience, basic to advance MS application skills

QUALIFICATION AND SALARY RANGE

EASTERN GOLD CORPORATION 503, Nueva St., Barangay 289, Binondo, City Of Manila

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

Basic Qualification: Fluent in both written and spoken English and Korean business languages.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION EL DIDI, YOSSEF SAMI Head Of Demand Generation

WAN, LINGQIANG Marketing And Sales Agent 27.

Brief Job Description: Researches and develops various marketing strategies for products and services and implements marketing plans and works to meet sales quotas.

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

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

Basic Qualification: 1-year customer service associate experience, basic to advance MS application skills

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

WANG, YINGEN Marketing And Sales Agent 28.

Basic Qualification: BA or BS Degree Holder; good in translating from English to Bahasa or vice versa without variation

ENERGY CHINA PHILIPPINES BRANCH OFFICE Unit 1718, High Street South Corporate Plaza Tower 1, Bonifacio Global, Fort Bonifacio, City Of Taguig

Salary Range: Php 60,000 - Php 89,999 Basic Qualification: BA or BS Degree Holder; good in translating from English to Bahasa or vice versa without variation

XU, ZAIKUN Chinese Construction Estimator 29.

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

LIU, QINGWEN Chinese Construction Project Planner 30.

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

31.

32.

33.

34.

DELIVERY HERO PHILIPPINES, INC. 16th / 17th Floors Milestone @ Fifth Avenue Building, 5th Avenue, Bonifacio Global City, Fort Bonifacio, City Of Taguig

Brief Job Description: Manage deadlines and workers to make sure projects conclude on time. Have excellent organizational and communication skills. Develops timetables for projects. Monitor progress on projects. Meet deadlines.

LIU, SHANYU Chinese Construction Scheduler 35.

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

LI, XIN Chinese Construction Scheduler

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

LI, HONGBO Chinese Construction Scheduler

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

LI, BAOLONG Chinese Construction Scheduler

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: Plan out a construction project from start to finish, including budgets, staffing, timings of each stage, measure success, and the various resources needed to make the project work.

HE, TINGYI Chinese Construction Scheduler

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: Draws up, estimates, and determines the overall costs of a new or existing construction project. They create a list with all the needed materials and write down an estimated amount necessary to complete the project.

Basic Qualification: Strong math skills including algebra, geometry, and basic arithmetic. Ability to navigate specifications and plans. Ability to handle multiple assignments at once. Excellent written and verbal communication skills. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: BA or BS Degree Holder; minimum 2 yrs. customer service support experience Salary Range: Php 60,000 - Php 89,999

Brief Job Description: Researches and develops various marketing strategies for products and services and implements marketing plans and works to meet sales quotas.

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

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

AMKOR TECHNOLOGY PHILIPPINES, INC. Km 22, East Service Rd Ssh, Cupang, City Of Muntinlupa WON, HAKJAE Senior Director / Logistics

Basic Qualification: Minimum of a Bachelor’s Degree in business administration or similar. Excellent verbal and written communication skills. Thorough understanding of the business process and management. Ability to coach others. Strong problem-solving abilities

No.

COGNIZANT TECHNOLOGY SOLUTIONS PHILIPPINES, INC. 2nd, 3rd, And 4th Floors, Science Hub Tower 4 Bldg., Mckinley Hill Cyberpark, Fort Bonifacio, City Of Taguig

Basic Qualification: Bachelor’s degree graduate with experience in building sophisticated applications or products. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Provides assistance to customers during emergency calls and informational calls

VU LE TUAN ANH Customer Service Associate

Salary Range: Php 30,000 - Php 59,999 AMDOCS PHILIPPINES INC. 23rd, 25th, And 26th Floors Eco Tower, 32nd St. Cor. 9th Ave. Bonifacio Global City, Fort Bonifacio, City Of Taguig

Brief Job Description: Adapts new business strategies in accordance with Korean clients already secured by the company.

LIU, MO Customer Service Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Bachelor’s degree in information technology, computer science or other relevant fields. Must be able to communicate effectively, verbally and written in both English and required language. Experienced in any of the following: o java (java EE, java se, spring, nodes) o JavaScript o sap o net o Cobol o angular; knowledgeable in back-end programming language/ framework; willing to work on holidays, weekends, shifting schedules and extended working hours.

QUALIFICATION AND SALARY RANGE

BOSCH SERVICE SOLUTIONS, INC. 23rd Flrw Fifth Ave.cor.32nd St., Bonifacio Global City, Fort Bonifacio, City Of Taguig

14. Basic Qualification: Bachelor’s degree in information technology, computer science or other relevant fields. Must be able to communicate effectively, verbally and written in both English and required language. Experienced in any of the following: o java (java EE, java se, spring, nodes) o JavaScript o sap o net o Cobol o angular; knowledgeable in back-end programming language/ framework; willing to work on holidays, weekends, shifting schedules and extended working hours.

Brief Job Description: Cooperating with the general manager and assisting with anything from project planning to staff management. Nurturing positive working relationship with staff. Delegating daily tasks. Addressing any issues in a timely fashion. Supervising staff and controlling merchandise. Ensuring company policies and procedures are followed. Setting a good example for staff. Liaison in between MP and all depts.

ESTABLISHMENT / ADDRESS

BEN LINE AGENCIES PHILIPPINES, INC. Flr. No.7/f Tower A, Two E-com Center Bldg., Bayshore Ave. St., Barangay 75, Pasay City

Basic Qualification: Foreign Language Speaking

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

CUTRERA, FACUNDO EMANUEL App/cloud Support Senior Analyst

LLUCH MORALES, RAFAEL Assistant General Manager

Basic Qualification: Foreign Language Speaking Salary Range: Php 30,000 - Php 59,999

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

www.businessmirror.com.ph

ZHANG, JIANYING Chinese Construction Scheduler 36.

Basic Qualification: Excellent planning. Organizational and time management abilities. Good communication skills. The ability to work well on your own and in a team. Logical thinking with keen. Attention to detail. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong collaborative and interpersonal skill. Timemanagement and analytical skills. Outstanding decision-making skills. Keen attention to detail. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong collaborative and interpersonal skill. Timemanagement and analytical skills. Outstanding decision-making skills. Keen attention to detail. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong collaborative and interpersonal skill. Timemanagement and analytical skills. Outstanding decision-making skills. Keen attention to detail. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong collaborative and interpersonal skill. Timemanagement and analytical skills. Outstanding decision-making skills. Keen attention to detail. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong collaborative and interpersonal skill. Timemanagement and analytical skills. Outstanding decision-making skills. Keen attention to detail. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong collaborative and interpersonal skill. Timemanagement and analytical skills. Outstanding decision-making skills. Keen attention to detail. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION ZHANG, KAI Chinese Construction Scheduler

37.

ZHANG, TIANLONG Chinese Construction Scheduler 38.

ZHAO, XIN Chinese Construction Scheduler 39.

ZHONG, SHUQIANG Chinese Construction Scheduler 40.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Strong collaborative and interpersonal skill. Timemanagement and analytical skills. Outstanding decision-making skills. Keen attention to detail. Salary Range: Php 30,000 - Php 59,999

41.

Brief Job Description: The mandarin site manager will be a strategist and a leader able to steer the company to the most profitable direction while also implementing its vision, mission and long term goals.

42.

Brief Job Description: Attracts potential customers by answering product and service questions; suggesting information about their products and services TANG, JINGYAN Mandarin Speaking Customer Service

43.

Brief Job Description: Attracts potential customers by answering product and service questions, suggesting information about other products and services WANG, YE Mandarin Speaking Customer Service

44.

Brief Job Description: Attracts potential customers by answering product and service questions, suggesting information about other products and services WU, XU Mandarin Speaking Customer Service

45.

Brief Job Description: Attracts potential customers by answering product and service questions, suggesting information about other products and services YANG, JIANGANG Mandarin Speaking Customer Service

46.

Brief Job Description: Attracts potential customers by answering product and service questions, suggesting information about other products and services LI, NING Mandarin Speaking Customer Service Representative

47.

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

48.

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

LIU, YANG Financial Planning & Analysis Manager 53.

49.

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

Basic Qualification: Strong collaborative and interpersonal skill. Timemanagement and analytical skills. Outstanding decision-making skills. Keen attention to detail. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proven experience as mandarin site manager, familiarity, knowledge and awareness on machinery and heavy equipment use by company. Demonstrable experience in developing strategic business plan. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Can speak Mandarin Salary Range: Php 30,000 - Php 59,999

LI, MIN Mandarin Project Manager 54.

50.

Brief Job Description: Analyze organizational practices, identify weaknesses and recommend solutions

55.

51.

Brief Job Description: The mandarin marketing manager will be a strategist and a leader able to steer the company to the most profitable direction while also implementing its vision, mission and long-term goals.

Brief Job Description: With knowledge of chiropractic equipment, effective time management skill

JAKSON Indonesian Customer Support Representative 56.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

KIM, JONGWOO Korean Customer Support Representative

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

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

ZHAO, WEIJIN Mandarin Customer Support Representative 58.

Brief Job Description: Supports customers by providing helpful information, answering questions, and responding to complaints.

Salary Range: Php 30,000 - Php 59,999 NAY LIN TUN Myanmari Customer Support Representative 59.

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

Basic Qualification: Can speak mandarin.

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: Supports customers by providing helpful information, answering questions, and responding to complaints.

BUI HUY HIN Vietnamese Customer Support Specialist 60.

Basic Qualification: Can speak Mandarin Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

DANG VAN SY Vietnamese Customer Support Specialist 61.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

DIEP VAN BINH Vietnamese Customer Support Specialist 62.

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

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

DO TIEN THANH Vietnamese Customer Support Specialist 63.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

Basic Qualification: Foreign Language Speaking Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Proven experience as mandarin marketing manager, familiarity, knowledge and awareness on machinery and heavy equipment use by company. Demonstrable experience in developing strategic business plan. Salary Range: Php 30,000 - Php 59,999

HUAWEI TECHNOLOGIES PHILS. INC. U-5302, 53/f Pbcom Tower, 6795 Ayala Ave., Cor., V.a. Rufino St., Bel-air, City Of Makati

Basic Qualification: Proven experience as mandarin project manager, familiarity, knowledge and awareness on machinery and heavy equipment use by company. Demonstrable experience in developing strategic business plan. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: At Least 2 Years International Work Experience in a Similar Capacity

67.

DUONG DINH DANH Vietnamese Customer Support Specialist 64.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

DUONG THE VINH Vietnamese Customer Support Specialist 65.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

NGUYEN DO MINH THONG Vietnamese Customer Support Specialist 66.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

Basic Qualification: Able to speak and write in Indonesian 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 Korean and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

NGUYEN VAN TUAN Vietnamese Customer Support Specialist 68.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

PHAM THI HONG Vietnamese Customer Support Specialist 69.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

PHAM THI LIEN Vietnamese Customer Support Specialist 70.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

TRAN VAN CHUNG Vietnamese Customer Support Specialist 71.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

TRUONG THI HANG Vietnamese Customer Support Specialist 72.

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

VU NGOC ANH Vietnamese Customer Support Specialist 73.

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

INVECH TREASURE PROCESSING CORPORATION 3rd Floor, E Six West Campus Le Grand Avenue, Mckinley West,, Fort Bonifacio, City Of Taguig

HECTECHURE CORP. Units A&b 20/f Rufino Pacific Tower, 6784 Ayala Ave. Cor. V.a. Rufino St., San Lorenzo, City Of Makati

WANG, MINGHUA Mandarin Marketing Manager

Brief Job Description: The mandarin project manager will be a strategist and a leader able to steer the company to the most profitable direction while also implementing its vision, mission and long-term goals.

WINSLOW, JOSHUA BRIAN Chiropractic Specialist

Basic Qualification: Can speak Mandarin

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

Basic Qualification: Must be familiar and with professional knowledge in the financial planning and analysis. Graduated with a bachelor’s degree in finance, accounting or other related courses. Ability to communicate well in written and verbal communication in Chinese and English languages.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION NGUYEN THI YEN Vietnamese Customer Support Specialist

INTERCARE CHIROPRATIC CENTER, INC. Unit Cg-1 Lower G/f Makati Ave., Cor. Sto. Tomas St., Urdaneta, City Of Makati

57.

Basic Qualification: Can speak Mandarin

Basic Qualification: Must have at least 3 years’ experience in project financial management. With project finance management skills. Bachelor’s degree in finance, accounting or other related courses. Ability to communicate well in written and verbal communication in Chinese and English languages.

No.

INSPIRINGPG INC. 3/f Filhome Builders Center, 68 Dona Soledad Avenue Better Living Subdivision, Don Bosco, City Of Parañaque

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

Basic Qualification: Can speak Mandarin

QUALIFICATION AND SALARY RANGE

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

Basic Qualification: Can speak Mandarin

HANMI MICRONICS INC. Unit 608 Global Telecom Plaza, Pioneer Cor. Madison, Barangka Ilaya, City Of Mandaluyong ROH, INHO Business Consultant

Brief Job Description: Evaluate the annual budgeting processes based on guidelines and budget baselines. To manage internal control and information security in accordance to the policy of headquarter. Must have at least 5 years’ experience as a financial manager from company.

ESTABLISHMENT / ADDRESS

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

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

TRAN THI VAN ANH Vietnamese Customer Service Representative

Brief Job Description: To provide periodic reports on core clients and competitor analysis. To analyses current business model with clients and provide trade pattern, design and modifications.

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

FUWEALTH SERVICES INC. 18/f Techzone Bldg., 213 Sen. Gil Puyat Ave., San Antonio, City Of Makati LIU, JIAN Mandarin Speaking Customer Service

52.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Strong collaborative and interpersonal skill. Timemanagement and analytical skills. Outstanding decision-making skills. Keen attention to detail.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

SHI, WENQING Finance Specialist For Philippines DITO Full Turn Key (FTK) Project

Basic Qualification: Strong collaborative and interpersonal skill. Timemanagement and analytical skills. Outstanding decision-making skills. Keen attention to detail.

EVERSTONE DEVELOPMENT AND CONSTRUCTION INC. 7/f Ba Lepanto Bldg., 8747 Paseo De Roxas, Bel-air, City Of Makati

GAO, LEI Mandarin Site Manager

No.

Wednesday, November 9, 2022

Brief Job Description: Experts at their product, and their primary duty is to resolve customer issues quickly and efficiently.

QUALIFICATION AND SALARY RANGE Basic Qualification: Able to speak and write in Vietnamese 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 VIETNAMESE 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 VIETNAMESE 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 VIETNAMESE 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 Vietnamese 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 Vietnamese 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 Vietnamese and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999

IQ EQ (PHILIPPINES) INC. Units A,b,c & D 16/ F, Robinsons Cyberscape Beta, Topaz & Ruby Roads, Ortigas Center, San Antonio, City Of Pasig DUPUIS, GILLES Senior Change Leader-workflow & Content Management 74.

Brief Job Description: Oversee workflow and document management platform development oversee new implementations across the group or upgrades ensure all project are assessed and managed with a global lens

Basic Qualification: 10+ years of experience in end-to-end change management and working with business stakeholder’s bachelor’s degree in an appropriate field of study or equivalent work experience Salary Range: Php 500,000 and above

J-NA ALLOUT TECHNOLOGY SOLUTIONS CORP. 3/f Lipams Bldg., #48 President Avenue, B. F. Homes, City Of Parañaque WILIANTI Indonesian Finance Manager

Basic Qualification: College graduate, speaks and write fluently (Indonesian and English)

Basic Qualification: Able to speak and write in Mandarin and at least college level with related BPO experience.

75.

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

JIANGSU DIBANG CONSTRUCTION PHILIPPINES CORPORATION Unit 2106-a West Tower, Psec Exchange Road, Ortigas Center, San Antonio, City Of Pasig

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: Able to speak and write in VIETNAMESE 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 VIETNAMESE 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 VIETNAMESE and at least college level with related BPO experience.

RUAN, BANSHENG Equipment Installation Specialist 76.

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

NGUYEN THANH TUNG Financial Analyst 77.

Basic Qualification: Able to speak and write in VIETNAMESE 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 Vietnamese and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Fluent in English language both written and verbal. With working knowledge in construction. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Developing written content for offering memorandums, BOVs and marketing flyers alongside the creation of financial analysis and summary

Basic Qualification: Strong knowledge of real estate valuation and assessment of risks affecting property values is required Salary Range: Php 30,000 - Php 59,999

MARKETROLE ASIA PACIFIC SERVICES, INC. 27/f & 28/f The Enterprise Center Tower 1, 6766 Ayala Ave. Cor. Paseo De Roxas, San Lorenzo, City Of Makati

78.

79.

80.

81.

Basic Qualification: Able to speak and write in VIETNAMESE and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Working as per the requirements of the clients and performing all kinds of general installation. Programming and setting up the machineries and equipment along with experimenting on the same.

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

JINXI PHILIPPINES REAL ESTATE DEVELOPMENT CORPORATION Unt No. U-705, Flr. No. 7/f Eastfield Center Bldg., Macapagal Ave. St., Barangay 76, Pasay City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak and write in VIETNAMESE and at least college level with related BPO experience.

Brief Job Description: Develop and coordinate forecast, monthly reconciliations, reporting and analysis of the organization.

82.

DO THI KIM ANH Chinese Speaking Customer Service Staff Brief Job Description: Provide outstanding and exceptional customer service. JUNAIDI Chinese Speaking Customer Service Staff Brief Job Description: Provide outstanding and exceptional customer service. NG CHEW YEE Chinese Speaking Customer Service Staff Brief Job Description: Provide outstanding and exceptional customer service. WONG WAN LI Chinese Speaking Customer Service Staff Brief Job Description: Provide outstanding and exceptional customer service. ZHANG, ZHINING Chinese Speaking Customer Service Staff Brief Job Description: Provide outstanding and exceptional customer service.

Basic Qualification: Can speak Chinese / mandarin fluently. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Can speak Chinese / mandarin fluently. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Can speak Chinese / mandarin fluently. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Can speak Chinese / mandarin fluently. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Can speak Chinese / mandarin fluently. Salary Range: Php 30,000 - Php 59,999

MOA CLOUDZONE CORP. 4th-11th Flr. Nexgen Tower, C4 Rd. Edsa Ext., Barangay 76, Pasay City

83.

84.

LEIN YONG Burmese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires MOUA, VA Chinese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires

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

BusinessMirror

Wednesday, November 9, 2022

A6 A8

ESTABLISHMENT / ADDRESS No.

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NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION ZHAO, GUOQING Chinese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires ZHOU, BINBIN Chinese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires ZOU, JIYONG Chinese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN THI TRANG Thai Customer Service Brief Job Description: Managing incoming calls and customer service inquiries CAO VAN DO Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries CHU THI THANH NGA Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries DUONG VAN TAI Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries HA KIEU DUNG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries HA THI THUAN Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries HA THI UYEN Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries HOANG CONG LINH Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries HOANG THI THU THUY Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries HOANG VAN TOAN Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries HOANG XUAN MANH Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries LE NHU NGUYEN Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries LE THI CHUNG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries LE VAN HAI Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries LUONG HUU NUI Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries MAI NGOC HOA Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN QUANG HUNG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

NGUYEN THI HUONG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

NGUYEN THI MINH Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

NGUYEN THI NA Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

NGUYEN THI PHUONG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Able to Speak, Read, and Write Chinese Language

No.

109.

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

110.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read and write Chinese language

111.

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

112.

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

113.

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

114.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language

115.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language

116.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language

117.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language

118.

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

119.

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

120.

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

121.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language

122.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language

123.

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

124.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language

125.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language

126.

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

127.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to speak, read, and write Chinese language

128.

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 Basic Qualification: Able to speak, read, and write Chinese language

129.

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

Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN TRUNG NGUYEN Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN VAN CHUNG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN VAN HAO Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN VAN HIEP Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN VAN TUNG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries NGUYEN VAN VINH Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires PHAM NGOC VUONG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries PHAM THI THUY VAN Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries SAM THUY LINH Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TRAN DINH CHUNG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TRAN MANH THANG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TRAN THI HONG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TRAN THI NGA Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TRAN THI VAN Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TRAN VAN CONG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TRAN VAN HOANG Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries TRINH HONG VINH Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries VO VAN TUAN Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquires VU THI NINH Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries VU TUAN ANH Vietnamese Customer Service Representative Brief Job Description: Managing incoming calls and customer service inquiries

MUHAMMAD AFTAH FAUZAN Indonesian Customer Service Representative 130.

Brief Job Description: Provide product/services, information, answer questions and resolve emerging problems CARWYLLO Indonesian Customer Service Representative

131.

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

NGUYEN THI THAM Vietnamese Customer Service Representative

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Able to speak, Read, and Write Chinese language Salary Range: Php 30,000 - Php 59,999

No.

133.

Basic Qualification: Able to speak, Read, and Write Chinese language 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 Basic Qualification: Able to speak, Read, and Write Chinese language

134.

Brief Job Description: Provide product/services, information, answer questions and resolve emerging problems TRISNO Indonesian Customer Service Representative

132.

Brief Job Description: Provide product/services, information, answer questions and resolve emerging problems

CHEN, GUOFENG Chinese Speaking Admin Associate 135.

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

LE THI THU HUYEN Chinese Speaking Admin Associate 136.

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

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

REN, WANXIAN Chinese Speaking Admin Associate 137.

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

XU, XIAOSHAN Chinese Speaking Admin Associate 138.

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

139.

140.

Basic Qualification: Able to speak, Read, and Write Chinese language 141.

Salary Range: Php 30,000 - Php 59,999 142.

Basic Qualification: Able to speak, Read, and Write Chinese language 143.

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

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

144.

Basic Qualification: Graduate 4 years bachelor degree with critical thinking and problem-solving skills

145.

146.

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

Brief Job Description: Performs onsite operational support including records management and facilitating onsite activities. MIAO, YUE Operation Support Officer - Mandarin Speaking

147.

Brief Job Description: Performs onsite operational support including records management and facilitating onsite activities MO, XINNING Operation Support Officer - Mandarin Speaking

148.

Brief Job Description: Performs onsite operational support including records management and facilitating onsite activities SUN, YUEMING Operation Support Officer - Mandarin Speaking

149.

Brief Job Description: Performs onsite operational support including records management and facilitating onsite activities WANG, TIAN Operation Support Officer - Mandarin Speaking

150.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Graduate 4 years bachelor degree with critical thinking and problem solving skills

Brief Job Description: Monitor daily transactions in the operation from time to time. KIM, SIHYEON Operation Support Officer - Korean Speaking

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Graduate 4 years bachelor degree with critical thinking and problem solving skills

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

CHUA KAI KEE a.k.a. CAI KAIQI Finance Manager - Multilingual Speaking

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

Basic Qualification: Graduate 4 years bachelor degree with critical thinking and problem solving skills Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Graduate 4 years bachelor degree with critical thinking and problem solving skills 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

NEU SOLUTIONS INC. 2/f Lepanto Bldg., 8747 Paseo De Roxas, Bel-air, City Of Makati

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

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

WOO HENG LU Chinese Speaking Program Designer

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

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

ZIN MYO TUN Chinese Speaking Graphic Designer

Basic Qualification: Able to speak, Read, and Write Chinese language

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

LY THI OANH Chinese Speaking Graphic Designer

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

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

NGUYEN THI THU THUY Chinese Speaking Data Entry Clerk

Basic Qualification: Able to speak, Read, and Write Chinese language

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

LANG THI UYEN Chinese Speaking Data Entry Clerk

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

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

CHANG, HSIN-HUI Chinese Speaking Business Development Associate

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

QUALIFICATION AND SALARY RANGE

NEO INCORPORATED North Tower Centrum Bldg., Aseana Avenue, Entertainment City, Baclaran, City Of Parañaque

Basic Qualification: Able to speak, Read, and Write Chinese language

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

Brief Job Description: Provide product/services, information, answer questions and resolve emerging problems YESI WULANDARI Indonesian Customer Service Representative

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION VERNANDO Indonesian Customer Service Representative

MPOTECH DIGITAL SYSTEM INC. 2/f 331 Bldg., Sen. Gil Puyat Ave., Bel-air, City Of Makati

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

www.businessmirror.com.ph

Brief Job Description: Performs onsite operational support including records management and facilitating onsite activities ZHONG, KE Operation Support Officer - Mandarin Speaking

151.

Brief Job Description: Performs onsite operational support including records management and facilitating onsite activities

Basic Qualification: Experience in monetary payments processing. Salary Range: Php 60,000 - Php 89,999 Basic Qualification: Do have knowledge of MS office. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Do have knowledge of MS office Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Do have knowledge of MS office Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Do have knowledge of MS office Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Do have knowledge of MS office Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Do have knowledge of MS office Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION ZHANG, LEI Operation Support Team Leader - Mandarin Speaking

152.

ESTABLISHMENT / ADDRESS

Brief Job Description: Performs onsite operational support including records management and facilitating onsite activities

QUALIFICATION AND SALARY RANGE Basic Qualification: Do have knowledge of MS office Salary Range: Php 30,000 - Php 59,999

NZH INTERNATIONAL VEHICLE AND MACHINERY, INC. Unit 302-a 3/f King Center Bldg., #57 Sgt. E. Rivera St., Manresa, Quezon City

JIANG, CHENGJUN Chinese Sales Manager

153.

Brief Job Description: Build and maintaining client relations. Monitor’s market trends, competitor’s activities and recommend strategies to counter competition. Train individual sales representatives to help improve sales performance. Proactively pursue new business and sales opportunities. Resolve escalated customer issues and customer complaints.

Basic Qualification: Able to display leadership abilities while being able to handle multiple responsibilities at once. Can work closely with other members of the organization to create an environment where their sales team can succeed. Has necessary computer skills to be able to tract and quantify sales statistics.

No.

WU, SONG Mandarin System And Support Specialist 168.

WANG, RUI Chinese Sales Manager

154.

CHAWLA, NIDHI AVP Gm Product Control

169.

NGUYEN HUYNH MINH CHINH Customer Support Staff-Vietnamese Language 155.

Brief Job Description: Serves as primary contact for problem resolution and information gathering regarding customer complaints and work assignment JAMES ANDERSON Indonesian-language Customer Support Staff

156.

Brief Job Description: Serves as primary contact for problem resolution and information gathering regarding customer complaints and work assignment JESICA SALIM Indonesian-language Customer Support Staff

157.

Brief Job Description: Serves as primary contact for problem resolution and information gathering regarding customer complaints and work assignment VINCENT Indonesian-language Customer Support Staff

158.

Brief Job Description: Serves as primary contact for problem resolution and information gathering regarding customer complaints and work assignment UTTASENA, WATTANA Thai-language Customer Support Staff

159.

Brief Job Description: Serves as primary contact for problem resolution and information gathering regarding customer complaints and work assignment

Basic Qualification: A Native Speaker of Vietnamese Language (Spoken and Written)

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

160.

Brief Job Description: Achieve regional sales operational objectives by contributing regional sales information JIA, LONG Regional Sales Head

161.

Brief Job Description: Achieve regional sales operational objectives by contributing regional sales information REN, FUHONG Regional Sales Head

162.

Brief Job Description: Achieve regional sales operational objectives by contributing regional sales information ZHENG, SHENGHUA Regional Sales Head

163.

Brief Job Description: Achieve regional sales operational objectives by contributing regional sales information

170.

164.

Brief Job Description: Provide technical advice

SEO, JEONGAH Bilingual Marketing Specialist 171.

165.

Brief Job Description: The Marketing Manager will coordinate and develop marketing campaigns and strategies, and services

172.

KOAY MIN HUI Malaysian Admin Support Specialist

Brief Job Description: Handles service support calls, emails and chats from inquiry of a client

HO, YU-TING Mandarin System And Support Specialist 167.

Brief Job Description: Handles service support calls, emails and chats from inquiry of a client

Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for.

174.

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Meeting the Regional Sales Financial Objectives by Forecasting Requirements

175.

176.

177.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Meeting the Regional Sales Financial Objectives by Forecasting Requirements Salary Range: Php 30,000 - Php 59,999

Basic Qualification: With expertise more on machine Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College Graduate/ Bachelor’s Degree, at Least 1-2 Years Working Experience in the Related Position, Flexible, Trustworthy, Proficient in Speaking And Writing in English & Korean Hangul

Basic Qualification: Fluency in English, Mandarin and any multilingual language

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

187.

Brief Job Description: Creates and revises systems and procedures

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

LIM SHING YIING Mandarin Operations Specialist

Basic Qualification: Can Speak Mandarin

Brief Job Description: Maintain accurate sales record

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

LUO, YOU-XIN a.k.a. FLORENCE Mandarin Operations Specialist

Basic Qualification: Can Speak Mandarin

Brief Job Description: Maintain accurate sales record

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

Brief Job Description: Monitoring and maintaining computer systems and network

188.

Brief Job Description: Monitoring and maintaining computer systems and network

ALVIERO RIVARDO WANG Indonesian-speaking Customer Service Officer

189.

179.

Brief Job Description: Indonesian written reports on a daily operation of call center activities performing customer oriented telephone activities and various background operation duties ANDIS FIRGIANSYAH Indonesian-speaking Customer Service Officer

190.

180.

Brief Job Description: Indonesian written reports on a daily operation of call center activities performing customer oriented telephone activities and various background operation duties CANDRA Indonesian-speaking Customer Service Officer

191.

181.

Brief Job Description: Indonesian written reports on a daily operation of call center activities performing customer oriented telephone activities and various background operation duties

192.

MUHAMMAD NUR FURQAAN Indonesian-speaking Customer Service Officer 182.

Brief Job Description: Indonesian written reports on a daily operation of call center activities performing customer oriented telephone activities and various background operation duties MULIA DIKY ANSHARI MENDROFA Indonesian-speaking Customer Service Officer

183.

Brief Job Description: Indonesian written reports on a daily operation of call center activities performing customer oriented telephone activities and various background operation duties SURYADI SALIM Indonesian-speaking Customer Service Officer

184.

Brief Job Description: Indonesian written reports on a daily operation of call center activities performing customer oriented telephone activities and various background operation duties

Basic Qualification: Indonesian speaking and written Salary Range: Php 30,000 - Php 59,999

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

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

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

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

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

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

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

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay

RYAN KEVIN SAMUEL SITOMPUL Bahasa Language Customer Service Representative 193.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

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

Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay

VALENTINE CHANDRA Bahasa Language Customer Service Representative 194.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay

VANDY TANOTO Bahasa Language Customer Service Representative 195.

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay

WILLIAM CHANDRA Bahasa Language Customer Service Representative 196.

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

OWEN Bahasa Language Customer Service Representative

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

Basic Qualification: Indonesian speaking and written

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

MARIO VAN DOREN Bahasa Language Customer Service Representative

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

Basic Qualification: Indonesian Speaking and Written

Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay

FELIX PRAYOGIE Bahasa Language Customer Service Representative

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

Basic Qualification: Indonesian Speaking and Written

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

FELIX FERNANDO Bahasa Language Customer Service Representative

Basic Qualification: Can Speak Mandarin

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

FAZRI SANTOSA Bahasa Language Customer Service Representative

ZAPPORT SERVICES, INC. 22/f & 36/f Burgundy Corporate Tower, 252 Sen. Gil J. Puyat Ave., Pio Del Pilar, City Of Makati

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

Basic Qualification: Fluency in English, Mandarin and any multilingual language

Basic Qualification: Can Speak Mandarin

ZHANG, HAOLIANG Mandarin Technical Support 178.

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

LIN, CHIH-AN Mandarin Administrative Specialist

HSU, YUNG-WEI Mandarin Technical Support

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Meeting the Regional Sales Financial Objectives by Forecasting Requirements

Brief Job Description: Handles administrative request and queries from senior managers/officers.

Basic Qualification: Indonesian speaking and written

Basic Qualification: Proficient in writing, reading and speaking in both English and Korean/ Bahasa/Chinese/Malay

CHRISTINE CAROLINE Bahasa Language Customer Service Representative

Basic Qualification: Foreign language speaking

WIKITECH SERVICES INC. 10/f Alphaland Corporate Tower, 7232 Ayala Avenue Ext. Corner Malugay St., Bel-air, City Of Makati

Basic Qualification: Meeting the Regional Sales Financial Objectives by Forecasting Requirements

186.

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

Brief Job Description: Indonesian written reports on a daily operation of call center activities performing customer oriented telephone activities and various background operation duties

ABELTINUS RUSLI Bahasa Language Customer Service Representative

WANFANG TECHNOLOGY MANAGEMENT, INC. 6-9/f Tower 2 Double Dragon Plaza, Edsa Cor. Macapagal Ave., Barangay 76, Pasay City

TECHMAVE SERVICES INC. 11/f Liberty Plaza Bldg., 102 H.v. Dela Costa St., Bel-air, City Of Makati

166.

Brief Job Description: Responsible for creating advertising campaigns, pricing strategies and targeting the demographic data of their target audience

Basic Qualification: Foreign language speaking

QUALIFICATION AND SALARY RANGE

ZIMI TECH, INC. 29th/f Burgundy Corporate Tower 252, Sen. Gil Puyat Ave., Pio Del Pilar, City Of Makati

Salary Range: Php 500,000 and above

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

HE, ZHIMING Mandarin System And Support Specialist

Brief Job Description: Responsible for creating advertising campaigns, pricing strategies and targeting the demographic data of their target audience YUN, MIRAN Bilingual Marketing Specialist

SNOWVIT SERVICES CORPORATION Unit 5d Rose Industries, Bldg. No. 11, Pioneer Street, Kapitolyo, City Of Pasig

JUNG, KABKEUN Marketing Manager

Brief Job Description: To lead the people strategy for an employee-focused organization and extensive talent acquisition experience across APAC region.

Basic Qualification: Bachelor’s Degree or similar qualifications, 15+ years of progressive human capital or human experience ideally from BPO or similar services across the APAC region.

173.

Basic Qualification: A Native Speaker of the Thai Language (Spoken and Written)

185.

VPC CORPORATE SOLUTIONS INCORPORATED 11/f 100 West, Sen Gil Puyat Ave. Cor., Washington St., Pio Del Pilar, City Of Makati

SHI PLASTICS MACHINERY (PHILS.) INC. G/f Lot 2-b, #14 Victoria St. Cor. Edsa, Magallanes, City Of Makati MOCHIZUKI, AKIYOSHI Technical Advisor Of Service Department

Basic Qualification: Preferably with background in financial, economic, accounting or mathematical subject; product control experience, preferably in fx, rates, equities, very good accounting and valuation knowledge; excellent analytical skills and a proactive approach to problem solving, professional qualification such as cpa, cfa, and frm will be an added advantage.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION TRISYA AULIA DWI IBRAHIM Indonesian-speaking Customer Service Officer

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

Basic Qualification: A Native Speaker of the Indonesian Language (Spoken and Written)

RUNTO TECHNOLOGY INC. Unit 902 & 903 9th Flr. One World Place, 32nd Street, Fort Bonifacio, City Of Taguig CONG, ZIMING Regional Sales Head

Brief Job Description: Primary responsibility includes financial accounting, control and analytical support to the markets business including one or more tasks of the following: p&l reporting, exception report monitoring and intersystem reconciliations, benchmark rate monitoring, book controls, balance sheet substantiation.

REDDY, CHANDANA Vice President, APAC Human Capital

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: A Native Speaker of the Indonesian Language (Spoken and Written)

Basic Qualification: Fluency in English, Mandarin and any multilingual language

No.

TTEC CUSTOMER CARE MANAGEMENT PHILIPPINES, INC. Five E-com, 10th Floor, Harbor Drive Corner Palm Coast Avenue, Barangay 76, Pasay City

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: A Native Speaker of the Indonesian Language (Spoken and Written)

QUALIFICATION AND SALARY RANGE

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

Salary Range: Php 30,000 - Php 59,999 RUNNINGMAN CORPORATION 8/f Techzone Bldg., 213 Sen. Gil Puyat Ave., San Antonio, City Of Makati

Brief Job Description: Handles service support calls, emails and chats from inquiry of a client

ESTABLISHMENT / ADDRESS

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED - PHILIPPINE BRANCH 3058 Hsbc Center, 5th Ave. West, Fort Bonifacio, City Of Taguig

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Able to display leadership abilities while being able to handle multiple responsibilities at once. Can work closely with other members of the organization to create an environment where their sales team can succeed. Has necessary computer skills to be able to tract and quantify sales statistics.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Wednesday, November 9, 2022

Brief Job Description: Professionally handle incoming requests from customers and ensure that issues are resolved both promptly and thoroughly

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

ZHANG, WEI Post Sales Technical Support 197.

Brief Job Description: Assumes responsibility for the product warranty of the Philippines project.

Basic Qualification: Assumes responsibility for the product warranty of the Philippines project. Salary Range: Php 30,000 - Php 59,999

*Date Generated: Nov 8, 2022 In the ad material of Notice of Filing of Application for Alien Employment Permits published on Nov 5, 2022, the name of THOI KIEU OANH under the company RIDGE OUTSOURCING SERVICES INC., should have been read as THOI THI KIEU OANH and not as published.

Basic Qualification: Indonesian Speaking and Written

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.

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

Please inform DOLE National Capital Region if you have any information on criminal offense committed by the foreign nationals.

Basic Qualification: Indonesian speaking and written Salary Range: Php 30,000 - Php 59,999

A10 Wednesday, November 9, 2022

TheWorld BusinessMirror

Editor: Angel R. Calso • www.businessmirror.com.ph

UN chief, Gore and others give heated warnings in climate talks By Seth Borenstein

The Associated Press

HARM EL-SHEIKH, Egypt— With the world on “a highway to climate hell with our foot on the accelerator,’’ the United Nations chief on Monday told dozens of leaders to “cooperate or perish,” singling out the two biggest polluting countries, China and the United States. UN Secretary-General Antonio Guterres wasn’t alone in preaching with tones of fire and brimstone to try to shake up the world’s sense of urgency at this year’s annual UN climate conference. “Choose life over death,” former US Vice President Al Gore urged. “It is not time for moral cowardice.” Some of the strongest pleas for action came from leaders of poor nations that caused little of the pollution but often get a larger share of the weather-related damage. Several called on developed nations for reparations, which in climate negotiations is called “loss and damage.” “Africa should not pay for crimes they have not committed,” Central African Republic President Faustin Archange Touadera said, adding that rich nations were to blame for the climate problem. “Climate change is directly threatening our people’s lives, health and future,” Kenyan President William K. Ruto said of the African continent, which he said is

looking at $50 billion a year in climate change damage by 2050. Ruto said Kenya is choosing to not use many of its “dirty energy” resources even though it could help the poor nation financially, and has instead opted for cleaner fuels. Loss and damage “is our daily experience and the living nightmare of millions of Kenyans and hundreds of millions of Africans,” Ruto said. Seychelles President Wavel John Charles Ramkalawan said, “Like other islands, our contribution in the destruction of the planet is minimal. Yet we suffer the most.” He called on wealthier countries to assist in repairing the damage. Barbados Prime Minister Mia Mottley called for a massive overhaul of international development loans and a 10 percent tax on fossil fuel companies, which she said made “$200 billion in profits in the last three months.” “I don’t need to repeat the horror and the devastation wrecked upon this Earth over the course of

the last 12 months since we met in Glasgow,” Mottley said. “Whether the apocalyptic floods in Pakistan or the heat waves from Europe to China or indeed in the last few days in my own region, the devastation caused in Belize by Tropical Storm Lisa or the torrential floods a few days ago in St. Lucia.” Ahead of this year’s conference, known as COP27, leaders and experts have been ringing alarm bells that time is running out to avert catastrophic rises in temperature. But the warnings may not have the impact of past meetings because of multiple other challenges pulling leaders’ attention—from midterm elections in the US to the Russia-Ukraine war. “In the fight for life on Earth, no one is a bystander,” said Jordan’s King Abdullah. “Every contribution counts. COP27 has brought us together to link forces and stand our ground. We are at the beginning of a long, challenging and urgent transformation.” More than 100 world leaders will speak over the next days at the gathering in Egypt, most from developing countries demanding greater accountability from the richest, most polluting nations. Much of their focus will be on telling their stories of devastation by climate disasters, including a speech Tuesday by Prime Minister Shahbaz Sharif of Pakistan, where summer floods caused at least $40 billion in damage and displaced millions of people. “Climate change will never stop without our intervention,” the summit’s host, Egyptian President Abdel Fattah el-Sissi, said. El-Sissi, who also called for an end to the Russia-Ukraine war, was gentle compared to a fiery UN chief Guterres, who said the world “is on

EGYPTIAN President Abdel Fattah El-Sisi, center right, and United Nations Secretary-General Antonio Guterres, center left, leave after a group photo at the COP27 UN Climate Summit, in Sharm el-Sheikh, Egypt, on Monday, November 7, 2022. AP/NARIMAN EL-MOFTY

a highway to climate hell with our foot on the accelerator.” He called for a new pact between rich and poor countries to make deeper cuts in emissions with financial help and phasing out coal by rich nations by 2030 and elsewhere by 2040. He called on the United States and China—the two biggest economies—to work together on climate, something they used to do until the last few years. “Humanity has a choice: cooperate or perish,” Guterres said. “It is either a Climate Solidarity Pact—or a Collective Suicide Pact.” But bad timing and world events hang over the gathering. 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. Leaders of China and India— both among the biggest emitters— appear to be skipping the climate talks, although underlings are here

negotiating. US President Joe Biden is coming days later than most other leaders on his way to Bali. “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. United Kingdom Prime Minister Rishi Sunak was initially going to skip the negotiations, but public pressure and predecessor Boris Johnson’s plans to come changed his mind. 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. Many European leaders who spoke Monday singled out Russia as the cause of the current energy and food crises, saying the war in Ukraine showed shifting to renewable energy was a matter of national security. “We always want more” leaders, United Nations climate chief Simon

Stiell told a Sunday news conference. “But I believe there is sufficient [leadership] right now for us to have a very productive outcome.” In addition to the leaders’ speeches, the negotiations include “innovative’’ roundtable discussions that “we are confident, will generate some very powerful insights,” Stiell said. Still, “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.’’ For the first time, developing nations succeeded in getting onto the summit agenda the issue of “loss and damage”—demands that emitting countries pay for damage caused by climate-induced disasters. Nigeria’s Environment Minister Mohammed Abdullahi called for wealthy nations to show “positive and affirmative” commitments to help countries hardest hit by climate change. “Our priority is to be aggressive when it comes to climate funding to mitigate the challenges of loss and damage,” he said. Leaders of poorer nations, joined by French President Emmanuel Macron, talked about the issue as one of justice and fairness. “Our part of the world has to choose between life and death,’’ Tanzania President Samia Suluhu Hassan said. Frank Jordans contributed to this report.

Dems, GOP make urgent final pitches as election season wraps By Will Weissert & Marc Levy The Associated Press

OATESVILLE, Pa.—Coast to coast, candidates and big-name backers made final appeals to voters Monday in the last hours of a fraught midterm election season, with Republicans excited about the prospect of winning back Congress even as President Joe Biden predicted his party would “surprise the living devil out of a lot of people.” Democrats contend Republican victories could profoundly and adversely reshape the country, eliminating abortion rights nationwide and unleashing broad threats to the very future of American democracy. Republicans say the public is tired of Biden policies amid high inflation and concerns about crime. “We know in our bones that our democracy is at risk,” Biden said during an evening rally in Maryland, where Democrats have one of their best opportunities to reclaim a Republican-held governor’s seat. “I want you know, we’ll meet this moment.” That event followed Biden’s late-campaign strategy of sticking largely to his party’s strongholds rather than stumping in more competitive territory, where control of Congress may ultimately be decided. Biden won Maryland with more than 65 percent of the vote in 2020 and appeared with Wes Moore, the 44-year-old Rhodes Scholar who could become the state’s first Black governor. Keeping his message positive, the president said at an earlier virtual event, “Imagine what we can do in a second term if we maintain control.” Most political prognosticators don’t think the Democrats will—and predict that Tuesday’s results will have a major impact on the next two years of Biden’s presidency, shaping policy on everything from government spending to military support for Ukraine. In the first national election since the violent Jan. 6, 2021, Capitol insurrection, the Democrats have tried to focus key races on fundamental questions about the nation’s political values. The man at the center of most Jan. 6 debate, former President Donald Trump, was in Ohio for his final rally of the 2022 campaign—and already thinking about his

own future in 2024. Ohio holds special meaning for him as he readies another run for the White House. It was one of the first places where he was able to prove his enduring power among Republican voters two years ago. Trump’s backing of JD Vance in Ohio this year was crucial in helping the author and venture capitalist— and onetime Trump critic—secure the GOP’s nomination for a Senate seat. While the GOP likes its chances of flipping the House, control of the Senate could come down to a handful of crucial races. Those include Georgia, Arizona and Pennsylvania, where Democratic Lt. Gov. John Fetterman was locked in a close race against Republican celebrity surgeon Mehmet Oz. “This is one of the most important races in America,” Fetterman told a crowd of about 100 Monday outside a union hall near a steel plate mill in Coatesville, about 40 miles west of Philadelphia. “Dr. Oz has spent over $27 million of his own money. But this seat isn’t for sale.” In Georgia, Democratic Sen. Raphael Warnock, who was in a nail-bitter with Republican Herschel Walker, tried to cast himself as pragmatic—capable of succeeding in Washington even if the GOP has more power. Warnock promised Monday to “do whatever I need to do and work with whomever I need to work with in order to get good things done.” Arizona Democratic Sen. Mark Kelly also tried to strike a moderate tone. He praised the state’s late Republican senator, John McCain, while noting that he didn’t ask Biden to campaign with him but would “welcome the president to come here at any point.” Kelly’s Republican rival, Blake Masters, called the senator “just a rubber stamp vote for Joe Biden’s failed agenda.” “You look at what Biden and Mark Kelly are doing. It’s like, are they that incompetent, or are they trying to destroy the country?” Masters said. “I think it’s both.” Elon Musk, whose purchase of Twitter has roiled the social media world, used that platform Monday to endorse the GOP, writing, “I recommend voting for a Republican Congress, given that the Presidency is Democratic.” That came too late for more than 41 million Americans who had already cast early ballots. Biden,

meanwhile, wasn’t exclusively positive on the final day of campaigning. He’s spent weeks warning of extremism and also said Monday, “We’re up against some of the darkest forces we’ve ever seen in our history.” “These MAGA Republicans are a different breed of cat,” he said, referring to Trump’s “Make America Great Again” campaign slogan. Biden also raised concerns about voter intimidation during the midterms, even suggesting that some people were outside voting stations with automatic rifles. The president was expected to watch Tuesday night’s returns from the White House. Trump has long falsely claimed he lost the 2020 election only because Democrats cheated, and he has begun raising the possibility of election fraud this year. Many Republican candidates across the country continue to adhere to his election denialism, even as federal intelligence agencies are warning of the possibility of political violence from far-right extremists. Threats could also come from abroad, as they have in past races. Kremlin-connected Russian entrepreneur Yevgeny Prigozhin admitted Monday that he had interfered in US elections and would continue to do so. None of that has deterred Trump from considering announcing a third presidential run at virtually any time—perhaps even Monday evening. But he had not made a final decision, according to people familiar with his thinking. They spoke on condition of anonymity because they were not authorized to speak publicly by name. Many others noted that Trump often focuses on drawing media attention and they saw the latest tease as aimed at generating excitement for his last rally. He won Ohio by 8 points in both 2016 and 2020. Trump has long been eager to announce his intentions and increasingly explicit as he’s teased his plans. “I will probably have to do it again but stay tuned,” he said Sunday night. Weissert reported from Washington. Associated Press writers Bill Barrow in Macon, Georgia, Jonathan J. Cooper in Phoenix, Josh Boak in Bowie, Maryland, and Jill Colvin, Colleen Long and Chris Megerian in Washington contributed to this report.

www.businessmirror.com.ph

TheWorld BusinessMirror

Wednesday, November 9, 2022 A11

Wall Street climbs ahead of US polls, inflation data By Damian J. Troise & Stan Choe AP Business Writers

EW YOR K— St o c k s ro s e Monday on the eve of Elect ion Day a s Wa l l St reet looked ahead to the benefits of a possibly split government in Washington, though trading is likely to stay bumpy in a week full of events that could shake the market. The S&P 500 rose 1 percent, while the Dow Jones Industrial Average gained 1.3 percent and the Nasdaq composite added 0.9 percent. Analysts say many investors seem to be making bets that Republicans

will take control of at least one house of Congress. With a divided government, gridlock is more likely than big, sweeping policy changes that could upend tax and spending plans. And historically, when a Democratic White House has shared power with a split or Republican Congress, stocks have seen stronger gains than usual. “The conventional wisdom that the stock market likes political gridlock is supported by the historical data in this instance,” according to Lori Calvasina, head of US equity strategy at RBC Capital Markets. Of course, that means a bettert h a n - e x p e c te d p e r for m a nce b y

Democrats in the midterm elections could hurt stocks. Investors may fear emboldened Democrats in such a scenario would push for increased spending to help the economy. That in turn could be a signal that the Federal Reserve would have to hike interest rates even higher to get inflation under control. A Republican win would also introduce its own risks. It could again encourage Republican brinksmanship around the nation’s debt limit and threaten another government shutdown, according to strategists at Morgan Stanley. Either way, markets may have to

wait a while to get clarity because of the process to count votes that came in through the mail. In the meantime, Wall Street is looking ahead to a report scheduled for Thursday, when the US government will show how bad inflation was across the country last month. And that will influence what’s been the main driver on Wall Street this year, much more than politics: what the Federal Reserve does on interest rates. Economists expect the report to show that the consumer price index was 8 percent higher in October than a year earlier, which would be a slight

slowdown from September’s 8.2 percent inflation rate. A fourth straight month of moderating inf lation from June’s 9.1 percent rate could offer some relief. Such a trendline could also give the Federal Reserve leeway to loosen up a bit in its campaign to hike rates aggressively to force inflation lower. The Fed has said that it may soon dial down the size of its increases to half a percentage point, after pushing through four straight mega increases of three-quarters of a point. Higher rates put the brakes on the economy by making it more expensive to buy a house, car or anything else on credit.

But too-high rates also raise the risk of a recession, while also dragging on prices for stocks and all kinds of investments. And rate hikes take a notoriously long time to take full effect, though economists debate exactly how long that is. “The lags are different each cycle and for different reasons, and we just don’t know when the tightening will have the impact that was intended,” said Keith Buchanan, portfolio manager at Globalt Investments. “It boils down to one question,” Buchanan said. “What impact has Continued on A12

TheWorld

A12 Wednesday, November 9, 2022

BusinessMirror

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Officials: US aid worker shot dead in Baghdad in rare attack By Qassim Abdul-Zahra

The Associated Press

AGHDAD—Assailants fatally shot an American aid worker Monday in a rare killing of a foreigner in the Iraqi capital in recent years, two police officials said. The man was shot in his car as he entered the street where he lives in Baghdad’s central Karrada district on the east bank of the Tigris River but the reason for the killing was not immediately clear, they said. They said the man’s wife and child were in the car with him but were not hurt. The officials said as the man drove through his street, a car cut him off and assailants in another car shot him dead. It was not immediately clear if the assailants were trying to kidnap the man, they said. State Department spokesman Ned Price told reporters the department is aware of the reports of the killing of a US aid worker in Baghdad and is looking into them. But, he said the department was not yet in a position to confirm the accounts of the death or that the person was a US citizen. According to documents seen by The Associated Press, the man had been renting an apartment in Kar-

rada’s Wahda area since May last year. No one immediately claimed responsibility for the killing. US Embassy officials when contacted by The Associated Press could not immediately provide any information about the case. Two security officials confirmed a US citizen who worked for an international aid organization had been killed without giving his name. They said details were scarce but an investigation was underway. The officials spoke on condition of anonymity in line with regulations. A medical worker at Sheikh Zayed Hospital, where the victim was taken, said he was dead on arrival. Prime Minister Mohammed Shia al-Sudani said he would form a committee comprising the interior ministry and various security agencies to “investigate the circumstances of the killing of an American citizen in the capital.” The streets of the middle class,

mixed Christian and Muslim neighborhood where the victim reportedly lived were empty of residents but heavily patrolled by police Monday night. Such attacks against individuals in the Iraqi capital have been rare since the defeat of the Islamic State group in the country in 2017 but rockets are sometimes fired toward the US Embassy. In the early years that followed the US-led invasion of Iraq in 2003, such attacks were common. In 2004, two Americans were kidnapped in Baghdad and extremists later released videos showing their beheading. The attack came after Iraq’s new Cabinet headed by Prime Minister Mohammed Shia al-Sudani was given a vote of confidence by parliament in late October. Al-Sudani was named by the Iran-backed Coordination Framework, composed largely of Shiite parties. Iraq held early elections more than a year ago in response to mass antigovernment protests that began in October 2019 in Baghdad and across southern Iraq. Protesters called for the overhaul of the political system established after the 2003 US-led invasion. US-led coalition forces recently ended their combat mission in Iraq but continue to play an advisory role to Iraqi forces in the fight against IS.

The Associated Press writer Matthew Lee in Washington contributed to this report.

Wall Street climbs ahead of US polls, inflation data Continued from A11

the tightening from the Fed had on inflation?” Even though the Fed has said that it may soon pare back the size of its increases, it is still warning markets that it may ultimately hike rates higher than expected because of just how stubborn high inflation has been. The Fed has already hiked its key overnight rate to a range of 3.75 percent to 4 percent, up from virtually zero in March, and more investors are expecting it to top 5 percent next year. Monday’s gains for Wall Street came despite a shaky showing for its most influential stock. Apple rose 0.4 percent after dropping earlier in the day. It had warned customers they’ll have to wait longer to get the latest iPhones after anti-Covid restrictions were imposed on a contractor’s factory in China. Speculation has been rising recently that China may move away from its business-damaging zero-Covid policies. If the world’s second-largest economy did, it could provide a boost to a global economy facing wide-ranging threats as central banks worldwide hike rates because of high inflation.

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Sweden strengthens case for Nato application ahead of Turkey talks By Selcan Hacaoglu & Niclas Rolander

WEDEN’S new leader is making progress toward convincing Turkey he’s serious about meeting Ankara’s demands in exchange for being let into Nato, according to two Turkish officials familiar with the matter. Stockholm made fresh concessions just days before a key meeting between Prime Minister Ulf Kristersson and Turkey President Recep Tayyip Erdogan scheduled for Tuesday. Kristersson will seek to persuade his opposite number to lift objections to Sweden’s entry to the alliance, and ratify the application made alongside neighboring Finland following Russia’s invasion of Ukraine. The Swedish government on Saturday agreed to distance itself from Kurdish groups viewed as terrorists by Turkey—one of two Nato countries yet to back membership— after earlier approving arms exports to the nation. The steps need to remain in place after joining the alliance, said the officials, who asked not to be named while speaking about a confidential matter. “We will do a lot more in Sweden,” Kristersson said in a post on Facebook on Monday. New legislation will provide“entirely new possibilities to stop participation in terrorist organizations,” he said, referring to a revamp of anti-terror legislation put in motion by his predecessors. Turkish officials, however, remain unconvinced. Tuesday’s meeting is “critical,” Foreign Minister Mevlut Cavusoglu told journalists on Monday evening. While Sweden and Finland have taken “some steps” to secure Turkey’s approval for their Nato bid, it’s “difficult to say they’ve fulfilled their pledges at this stage.”

Outstanding objections

TURKEY has been objecting to the two Nordic countries joining Nato, but an agreement hammered out in Madrid in June allowed the process to move forward, and 28 of 30 allies have since ratified their entry. Still, the cooperation between Sweden and Kurdish groups has remained a sticking point for Turkey. Hungary’s approval is also pending. Erdogan is facing elections next year and is keen to consolidate nationalist support by pressuring the Nordic nations to crack down not only on supporters of the Kurdish PKK militant group—already designated a terrorist organization by the European Union and the US—but also on affiliates such as the YPG militia in Syria. While the YPG, backed by Western nations, played a significant role in defeating Islamic State jihadists in Syria, Turkey accuses the group of attacking its soldiers near the countries’ border. Kristersson won a vote in the Swedish parliament to become the next prime minister last month, enabling his nationalistbacked coalition to start governing the Nordic region’s largest economy.

With assistance from Firat Kozok and Beril Akman/Bloomberg.

TheWorld BusinessMirror

Wednesday, November 9, 2022 A13

Putin-linked businessman admits to US poll meddling

REMLIN-CONNECTED entrepreneur Yevgeny Prigozhin admitted Monday that he had interfered in US elections and would continue to do so—confirming for the first time the accusations that he has rejected for years. “Gentlemen, we have interfered, are interfering and will interfere. Carefully, precisely, surgically and in our own way, as we know how to do,” Prigozhin boasted in remarks posted on social media. The statement, from the press service of his catering company that earned him the nickname “Putin’s chef,” came on the eve of the US midterm elections. It was the second major admission in recent months by the 61-year-old businessman, who has ties to Russian President Vladimir Putin. Prigozhin has previously sought to keep his activities under the radar and now appears increasingly interested in gaining political clout—although his goal in doing so was not immediately clear. White House press secretary Karine Jean-Pierre said Monday that Prigozhin’s comments “do not tell us anything new or surprising.” “It’s well known and well documented in the public domain that entities associated with Yevgeny Prigozhin have sought to influence elections around the world, including the United States. The US has worked to expose and counter Russia’s malign influence efforts as we discover them,” she said, noting that Yevgeny has been sanctioned by the United States, the UK and the European Union. “Part of Russia’s efforts includes promoting narratives aimed at undermining democracy and sowing division and discord. It’s not surprising that Russia would be highlighting their attempted efforts and fabricating a story about their successes on the eve

of an election,” she added. In September, Prigozhin also publicly stated that he was behind the Wagner Group mercenary force—something he also had previously denied—and talked openly about its involvement in Russia’s 8-month-old war in Ukraine. The military contractor also has sent its forces to places like Syria and sub-Saharan Africa. Video also has emerged recently of a man resembling Prigozhin visiting Russian penal colonies to recruit prisoners to fight in Ukraine. In 2018, Prigozhin and a dozen other Russian nationals and three Russian companies were charged in the US with operating a covert social media campaign aimed at fomenting discord and dividing American public opinion ahead of the 2016 presidential election won by Republican Donald Trump. They were indicted as part of special counsel Robert Mueller’s investigation into Russian election interference. The Justice Department in 2020 moved to dismiss charges against two of the indicted firms, Concord Management and Consulting LLC and Concord Catering, saying they had concluded that a trial against a corporate defendant with no presence in the US and no prospect of meaningful punishment even if convicted would likely expose sensitive law enforcement tools and techniques. In July, the State Department offered a reward of up to $10 mil-

lion for information about Russian interference in US elections, including on Prigozhin and the Internet Research Agency, the troll farm in St. Petersburg that his companies were accused of funding. Prigozhin also has been sanctioned by the US Treasury Department for election interference. Until now, Prigozhin had denied Russian involvement in election interference. Ru ssi a n med i a, pr isoner’s rights groups and relatives of prisoners this year reported an extensive effort by Wagner—and sometimes Prigozhin personally—to recruit convicts to fight in Ukraine. Prigozhin hasn’t directly confirmed it, but said in one statement that “either [the Wagner private military company] and convicts, or your children” will be fighting on the front lines. Last week, Wagner opened a business center in St. Petersburg, which Prigozhin has described as a platform for “increasing the defense capabilities” of Russia. On Sunday, he also announced through Concord the creation of training centers for militias in Russia’s Belgorod and Kursk regions that border Ukraine. “A local resident, like no one else, knows his territories, is able to fight against sabotage and reconnaissance groups and take the first blow if necessary,” he said. A one-time hot dog stand owner, Prigozhin opened a swanky restaurant in St. Petersburg that drew interest from Putin. During his first term in office, Putin took then-French President Jacques Chirac to dine at one of Prigozhin’s restaurants. “Vladimir Putin saw how I built a business out of a kiosk, he saw that I don’t mind serving to the esteemed guests because they were my guests,” Prigozhin recalled in an interview published in 2011. His businesses expanded significantly. In 2010, Putin attended the opening of Prigozhin’s factory

making school lunches that was built on generous loans by a state bank. In Moscow alone, his company Concord won millions of dollars in contracts to provide meals at public schools. Prigozhin has also organized catering for Kremlin events for several years and has provided catering and utility services to the Russian military. When fighting broke out in eastern Ukraine between Russi a n- bac ked se pa r at i st s a nd Kyiv’s forces in 2014, Prigozhin

said through his spokespeople that he was seeking to “put together a group [of fighters] that would go [there] and defend the Russians.” Russian laws prohibit the operation of private military contractors, but state media in recent months have openly reported on Wagner’s involvement in Ukraine. The Associated Press writer Chris Megerian in Washing ton contributed.

A14 Wednesday, November 9, 2022 • Editor: Angel R. Calso

Opinion BusinessMirror

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editorial

Rural areas need cold chain facilities

ishers in provinces like Catanduanes would have to travel to other areas just to find sources of ice, which they need to preserve their catch. According to a business leader in the province, Catanduanes does not have an ice plant. Investors are wary of spending their money on the construction of factories that will produce and provide something as basic as ice because of the perennial power outages. That something as simple as ice is beyond the reach of fishers and other agricultural producers in rural areas typifies the magnitude of the challenges confronting the Philippine farm sector, particularly in ensuring food security. Producers do not just contend with problems related to their farms or fishing areas; they also have to find ways to preserve food and prevent losses. Delivering their produce to markets is another challenge that producers must hurdle as logistics cost has skyrocketed following the easing of quarantine restrictions. Putting up cold chain facilities in rural areas is key to government’s plan to increase food output, according to Renato Pamintuan, president of Bayside Terminal and Transportation Services Inc. (See, “Cold chain in rural areas to solve agri woes,” in the BusinessMirror, November 7, 2022). These cold storage facilities would encourage farmers and fishers to increase their output as they would not have to worry about their produce getting spoiled. Spoilage means losses for farmers and fishers as they often just throw away their rotten produce. Cold chain facilities in rural areas would not just serve the food requirements of Filipinos; they would also facilitate the expansion of food exports. These cold chain facilities would help maintain the quality of food products and enable producers to meet the stringent sanitary and phytosanitary standards of importing countries. Foreign buyers are particular about the food products they purchase as contaminated items could threaten human health and their farm sector. The establishment of these cold chain facilities, however, would not serve their purpose if food-producing areas continue to grapple with power outages. It would do well for the government to also focus on beefing up the supply of electricity in these areas. Without reliable power supply, cold chain facilities would be of little use to local agricultural producers. Many rural areas in the country have abundant resources that can be used by power plants to produce electricity. The Bangui windmills in Ilocos Norte and the hydropower plants in Mindanao attest to the viability of renewable energy sources to energize factories and industries. Other provinces, such as Rizal, would soon have solar farms, which can augment their power supply. Now is the best time for policymakers to take the necessary steps to beef up the food supply of the Philippines and make farming attractive again, particularly for young Pinoys. Attaining food security would require making the necessary investments in certain interventions, such as the setting up of these cold chain facilities in strategic areas and ensuring the reliability of power supply. Producers are hoping that the national government will urgently take the lead in rolling out an effective cold chain strategy in line with President Marcos’s campaign promise to exhaust all efforts to ensure food security in the country. Since 2005

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Counterfeit products sold on social media Dennis Gorecho

Kuwentong kule

usan, South Korea—Piracy and counterfeiting in the Philippines continue to proliferate online—on social media, e-commerce platforms, and other websites.

The country report presented by the Intellectual Property Association of the Philippines (IPAP) during the recent Asian Patent Attorneys Association (APAA) conference in Busan, South Korea emphasized that 136 or 90 percent of the 2021 complaints of piracy and counterfeiting took place virtually. The term “counterfeit” describes fake goods or the unauthorized imitation of branded goods. It uses someone else’s trademark without their permission. Counterfeiters seek to profit unfairly from the trademark owner’s reputation by making or selling the fake products. Piracy consists in making an unauthorized exact copy—not a simple imitation—of an item covered by an intellectual property right, or reproducing movies, music, books or other copyrighted works without permission from the copyright owner. The report cited data from the Intellectual Property Office of the Philippines (IPOPHL), which received 151 counterfeiting and piracy complaints in 2021, surpassing the

previous record-high of 121 in 2020 and registering a 25 percent year-onyear increase. It added that 114 out of the 151 (or 75 percent) reports and complaints were in relation to counterfeiting. Apparel items remained to be the most counterfeited as it accounted for 85 counts or 75 percent, followed by perfume and beauty products (8 counts), pharmaceutical and medical products (5 counts), and other items, such as umbrellas and keychains (5 counts). Facebook remained at the center of alleged IP violations, as shown in 87 records focused online. It was followed by Shopee (27 reports or complaints); Lazada (10); Instagram (4); and Carousell (2) . The National Committee on Intellectual Property Rights (NCIPR) has recorded its biggest seizure with a record-breaking P24.9 billion worth of counterfeit goods seized from its inspection and raid operations in 2021. This surpasses the P23.6 billion worth of goods seized in 2018. This

is also higher by 110 percent than the P9.8 billion seized in 2020. The seized goods in 2021 consisted of counterfeit cigarettes, alcohol, handbags, wallets, and footwear. The IPOPHL received 56 counterfeiting and piracy reports in the first half of 2022, marking a 48 percent decrease from the 107 recorded reports and complaints in the comparable period of 2021. Postal parcels—driven by the rising popularity of e-commerce—are the most common method of shipping dangerous fakes. As industries and technology evolve, intellectual property continues to play a prominent role. The term “intellectual property rights” consists of (a) copyright and related rights; (b) trademarks and service marks; (c) geographic indications; (d) industrial designs; (e) patents; (f) layout-designs (topographies) of integrate circuits; and (g) protection of undisclosed information. The IP laws aim to protect and secure the exclusive rights of scientists, inventors, artists and other gifted citizens to their intellectual property and creations, particularly when beneficial to the people, for such periods as provided in the law. Nobody else can copy or reuse that creation without the owner’s permission. Counterfeiting and piracy are illicit activities that steal market share from legitimate businesses and undermine innovation. As counterfeiting damages a company’s reputation and con-

sumer confidence in the market, it affects the economic growth of legitimate businesses through lost revenue, downtime, and replacement costs. The items produced and distributed are often substandard and can even be dangerous, posing health and safety risks ranging from mild to life-threatening. Some of the most dangerous counterfeit products involve automotive parts, electronics, safety equipment, pharmaceuticals, clothing, toys, perfumery and cosmetics due to the potential threats they present to public safety and public health endangering the lives of those who purchase them. IP laws lay down the remedies available to the IP owner in case of a violation of his rights through administrative, civil and criminal sanctions against violators. IPAP was founded on March 31, 1977 with the aim of professionalizing the steadily growing practice of intellectual property law in the Philippines. IPAP is the sole Philippine national group recognized by the APAA. The Philippines hosted the APAA council meetings in 1990 (Manila Hotel), 2000 (Cebu), and 2011 (Shangri-La Makati). Manila will again be the venue of the APAA council meeting in 2024 (SMX Convention Center). Atty. Dennis R. Gorecho heads the seafarers’ division of the Sapalo Velez Bundang Bulilan law offices. For comments, e-mail info@sapalovelez.com, or call 0917-5025808 or 0908-8665786.

How to read your social media feeds on Election Day

By David Klepper | The Associated Press

a site where ballots were being counted was used to spin a far-fetched tale of ballot rigging. In Arizona, the choice of pens given to voters filling out ballots led to similarly preposterous claims. Neither incident affected the results, yet both continue to show up in misleading posts as evidence of fraud. “The internet allows people to create their own evidence from scratch, and then spread it to millions of others,” said John Jackson, dean of the Annenberg School for Communication at the University of Pennsylvania. “That doesn’t mean their evidence means anything, but it does mean that we all have to be better at evaluating what they’re saying.”

to explain something they don’t understand. That creates a big opportunity for those looking to confuse or mislead voters. The complicated rules and checksand-balances governing American elections vary from state to state. They can baffle someone not well versed in election procedures, and that confusion has allowed misinformation to thrive. Many of the misleading claims spreading ahead of the election focused on issues of voting mechanics: voter registration, mail ballots and vote tallying. Many election officials have tried to educate the public in recent months with social media posts, articles and ads about the system so many people take for granted. “Anytime people don’t understand something, there’s a vacuum that needs to be filled,” said A.J. Nash, vice president for intelligence at ZeroFox, a cybersecurity firm that has been tracking election misinformation this year. “The question is: What ends up filling that vacuum?”

Know your blind spots

Check your sources

oters in the US who go on Twitter, TikTok, Facebook or other platforms to learn about Tuesday’s pivotal US midterm elections are likely to encounter rumors, hearsay and misinformation. There’s also a lot of useful information on social media, including authoritative results from election officials, the latest news about candidates and races, and the perspectives of the voters casting ballots. Here are some tips for navigating social media on Election Day—and in the days or weeks that follow.

Mishaps happen. It doesn’t mean there is fraud

Elections are run by humans, and mistakes are unavoidable. Yet, stripped of context, stories of irregularities at polling places and election offices can be used as evidence of widespread fraud. And with so much happening on Election Day, election workers, local officials and even the media can have little time to push back on such claims before they go viral. In Georgia in 2020, a water leak at

Misinformation thrives when people are looking for information

IF you’re looking for election results, go to local and state election web-

sites and trusted local and national news outlets. If you see someone posting about problems at a polling place, for instance, check the social media feed or website of the local election office. Avoid getting all your information about the election from social media. Rules about content moderation vary widely from platform to platform, and enforcement can be spotty. Even the owners of the platforms themselves are not immune from spreading misinformation, as Twitter’s new owner, Elon Musk has done. A well-rounded media diet heavy on authoritative, trustworthy sources can help people avoid falling for, or spreading, misinformation, according to Bhaskar Chakravorti, who studies technological change and society and is the dean of global business at the Fletcher School at Tufts University. “Do you consult original sources, or do you just get your news from social media?” Chakravorti said. “If you are only using sources from social media, you are going to be more vulnerable to misinformation.” See “Social Media,” A15

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Twitter’s pared-down staff struggles with misinformation

By Matt O’brien & David Klepper | AP Technology Writer

witter is struggling to respond to political misinformation and other harmful posts on the social media platform after Elon Musk fired roughly half of its workforce just days before the US midterm elections, according to employees who survived the cuts and an outside voting rights group. The recent mass layoffs spared many of the people whose job it is to keep hate and misinformation off the social-media platform. Musk cut just 15 percent of those frontline content-moderation workers, compared to roughly 50 percent job cuts companywide, an executive said last week. But in preparation for the layoffs, employees said the company also sharply reduced how many employees can look into a specific account’s digital history and behavior — a practice necessary to investigate if it’s been used maliciously and take action to suspend it. The company said it froze access to those tools to reduce “insider risk” at a time of transition. The developments are causing concern as the US midterm elections culminate on Tuesday. Though millions of Americans have already cast early and absentee ballots, millions more are expected to go to the polls to cast in-person votes. Election watchers fear the platform may not be equipped to handle hate speech, misinformation that could impact voter safety and security, and actors seeking to cast doubt on the legitimate winners of elections around the country. Researchers tracking misinformation ahead of the midterms notified Twitter on Friday about three posts from well-known far-right figures that advanced debunked claims about election fraud. The posts remain up three days later. When Common Cause asked Twitter for an update on Monday, the platform said the posts were “under review.” Before Musk took over, Twitter responded much more quickly, said Jesse Littlewood, vice president for campaigns at Common Cause. The group said they had been in regular contact with Twitter staff before Musk took over. Now, they are getting a response from a generic email address. “We had been getting much faster decisions from them, sometimes within hours,” said Littlewood. Now, he said, “It’s like pushing the button for the walk sign at the stop light, and nothing is happening.” Musk gutted teams working on marketing, communications and editorial curation of what people see on Twitter. But his decision to retain most of Twitter’s content moderation team came as a welcome surprise to some inside and outside the company. Musk, after all, promised to let free speech flourish by loosening Twitter’s content restrictions and restoring accounts banned for violating those rules. He has also pledged to end the current user verification system in favor of a $7.99 subscription fee. But the fact that the content moderation team survived could mean that critical misinformation functions such as blocking incitements of political violence will continue, and some of the worstcase scenarios around election misinformation won’t be realized. Some of Musk’s own tweets have been annotated with fact-checked context in recent days. Two employees who survived the job cuts credit a previously little-known executive Yoel Roth, Twitter’s global head of safety and integrity, for leveraging his team’s importance to Musk’s goals for Twitter while avoiding moves that might anger the mercurial Tesla CEO. “Yoel Roth singlehandedly saved the company,” said a Twitter em-

ployee who spoke on condition of anonymity because of concerns about job security. “On the public side, he appropriately and thoughtfully engaged with Elon Musk in a way that was not subservient, but deferring, because Elon is the king.” Roth has become the public face of Twitter’s content moderation since Musk took over and has regularly defended Twitter’s ongoing efforts to fight harmful misinformation. Musk, a prolific tweeter with more than 110 million followers, has frequently pointed to Roth’s Twitter feed as the most reliable account of the company’s adherence to integrity standards. And the billionaire, who embraces the idea that Twitter’s past leadership suppressed right-wing views, defended Roth when ardent Musk supporters demanded his firing over past comments they thought showed Roth’s liberal bias. Roth, who once worked at an Apple store fixing Mac computers, joined Twitter in 2015 after spending a year studying online hate speech at Harvard University’s Berkman Klein Center for Internet and Society, according to his LinkedIn profile. In May, he took on a senior role “responsible for all user, content, and security policies, comprising more than 120 policymakers, threat investigators, data analysts, and operations specialists.” Roth didn’t respond to requests for comment. A legal scholar who sits on Twitter’s Trust and Safety Council, an advisory board set up in 2016, said she has long been impressed with Roth’s candor about the challenges of content moderation and the nuances of free speech — such as the importance of curbing abusive content to enable the free speech of women and others more likely to be harassed online. “If Musk had been able to cut everybody in content moderation and just replace it with his ‘yes’ men, he probably would have,” said Mary Anne Franks, a law professor at the University of Miami and president of the Cyber Civil Rights Initiative. “The only reason why he hasn’t is because he maybe recognizes that would make Twitter unworkable.” One Twitter employee said Monday that layoff sur vivors were actively looking for new jobs in part because of Musk’s lack of commitment to keeping the platform free of hate speech and misinformation. Speaking anonymously because of concerns about job security, the employee said the job cuts would make Twitter’s staff less effective in following up and acting on complaints about election-related disinformation, because they included people leading civic integrity teams. Franks said there’s always been a tension within Twitter and other social media companies between making money and protecting democracy and freedom of expression. She said that’s only getting harder under Musk, who has shown Twitter can act quickly in banning a comedian who made fun of him by impersonating his account, but who has otherwise expressed hostility towards Twitter’s anti-abuse standards. “I would imagine that someone in a position like Roth’s at Twitter would have to play a pretty delicate game trying not to trip any of the wires, not to trigger a backlash from Musk because he’s incredibly thinskinned,” Franks said. AP Technology Writer Frank Bajak contributed to this report.

Opinion BusinessMirror

Wednesday, November 9, 2022 A15

Their lagoons languishing, precious Spanish wetlands go dry

By Joseph Wilson | The Associated Press

OÑANA NATIONAL PARK, Spain—Flamingos, herons and fish once filled a freshwater lagoon in southern Spain. Today, it’s a fetid brown splotch. The whisper of wind in the grass is a sad substitute for the cacophony of migratory birds. Biologist Carmen Díaz steps onto cracked mud. The lagoon in the heart of Spain’s Doñana nature reserve is a puddle. The park called “the crown jewel of Spain” may be dying. Farming and tourism had already drained the aquifer feeding Doñana. Then climate change hit Spain with record-high temperatures and a prolonged drought this year. The disappearance of Doñana’s Santa Olalla lagoon’s in August makes Díaz, 66, fear that the ecosystem she has studied for four decades may have vanished for good. “Seeing this last bit of water makes me think that the entire park is dry,” Díaz said. Doñana’s Santa Olalla lagoon was the biggest of the handful of lagoons that maintained some water yearround, providing a summer reservoir of aquatic plants and animals. Sitting on an estuary where the Guadalquivir River meets the Atlantic Ocean, Doñana covers 74,000 hectares (182,000 acres). The reserve was founded in the 1960s with help from environmental group WWF. A Unesco World Heritage Site and Biosphere Reserve, Doñana is a wintering site for a half-million waterfowl and a stopover spot for millions more birds that migrate from Africa to northern Europe. Home to five threatened bird species, including the endangered Spanish imperial eagle, Doñana also hosts a breedingand-rescue center for the endangered Iberian lynx. “The solution should have come

at least 20 years ago but nothing was done. The environment always loses against the economy,” said Díaz, a researcher for the Spanish National Research Council. “Doñana has been the crown jewel of Spain because it is an emblematic park, and we are letting it slip away.” Doñana encompasses two large ecosystems. Besides the wooded dunes, there are marshlands along the Guadalquivir. Spanish galleons once brought silver back from Spain’s American colonies here on their way upstream to Seville. Then, scientists and conservationists came from all over the world. Now Doñana is a case study in how humans destroy natural resources. Eight mating pairs of imperial eagles have produced only two chicks in 2022, said Carlos Dávila, who works in Doñana for environmental group SEO Birdlife. “It has been a disastrous year for the imperial eagle,” he said. When Doñana’s aquifer fills from rain, lagoons emerge in the swallow depressions between the dunes, creating refuges for turtles, frogs, and aquatic plants. From atop a dune inside the reserve, the 360-degree view of low-lying trees and sand is only broken by a tightly packed mass of buildings seen when one turns to the Atlantic. They are in Matalascañas, a former fishing village that developed into a beach resort town, complete with hotels, swimming pools and a

now-defunct golf course. The water for Matalascañas comes from wells that pull from the aquifer. The European Court of Justice cited Matalascañas as making some of Doñana’s once-permanent lagoons go dry. Spain’s government has approved a plan to reroute water from another area to supply Matalascañas. “The biggest problem is that this development draws from the aquifer using wells that are very close to the lagoons,” Díaz said. “This forms a cone of depression that hurts the closest lagoons, which are the best ones, since they are the biggest.” A two-hour drive south of Seville, one enters Huelva, a rural province including the Doñana reserve. Like other areas near Spain’s coast, Huelva has worked hard to become one of Europe’s major agricultural areas. Strawberries, raspberries, blueberries and blackberries replaced olives, cereals and potatoes in the 1980s. European customers pay far more for the berries, but the crop needs much more water than olives do. In 2004, authorities divided the farmland into areas eligible for irrigation and those that could only grow crops with rainwater. But with the berry trade booming, some farmers whose lands were left out of irrigation areas drilled wells anyway. WWF says there are between 1,000 and 2,000 illegal wells used to irrigate some 2,000 hectares (4,900 acres) of berries outside the reserve. Outside the reserve’s limits, roadside signs warn drivers to be on the lookout for lynx. Greenhouses hold mostly berries. “Perhaps 50 percent of (damage done to the park) is due to drought and lack of rain, but the other 50 percent of the blame goes to the lack of

governance in the area, the cutting off of tributaries, and illegal wells,” WWF’s Felipe Fuentelsaz told the AP. Authorities have managed to close over 400 wells and purchased some farmland to remove crops, but far from being discouraged, many farmers are pushing authorities to reclassify their terrain as irrigable. One group represents 1,500 farmers who feel that they were unfairly left out of the 2004 irrigation plans. Spokesman Julio Díaz said many families have the right to water and should be able to use it. “What we are going to do is ensure that these farmers recover their historic rights, which they used to have,” Díaz said. “Nothing will be increased, but we must recover what they once had.” Spain’s central government is concerned that expanding water use could earn a hefty fine from the European Union. The government plans to reroute water from rivers that lie further west toward Doñana to relieve pressure on the aquifer. The group represented by Julio Díaz wants that water to come to them. But other farmers who have been using legal wells on lands declared irrigable say not so fast. Manuel Delgado, spokesman for 300 farmers in the town of Almonte, said that his group believes that any new water should go to those farmers who already have water rights, so they can close their legal wells and protect the aquifer. “If there is new terrain declared eligible for irrigation, we won’t be able to replace the legal wells with the surface water,” he said. “There won’t be water for everyone.” AP photojournalist Bernat Armangue and AP video journalist Helena Alves contributed to this report.

Takeaways: Calls for reparations, emissions cuts at COP27 By Peter Prengaman

HARM EL-SHEIKH, Egypt—The first full day of the year’s most important summit on climate change, known as COP27, got underway on Monday with urgent calls by leaders to slash greenhouse gas emissions as the planet warms and severe weather events become more frequent and destructive.

Scores of presidents, along with thousands of diplomats, climate negotiators, business leaders, activists and journalists descended on the Red Sea resort city of Sharm El-Sheikh to take part in discussions and negotiations slated to go through Nov. 18. “Climate change will never stop without our intervention,” said Egyptian President Abdel Fattah el-Sissi, opening the day’s session. “Our time here is limited and we must use every second that we have.’’ Former US Vice President Al Gore, one of the first leaders to raise the alarm about climate change, framed the question of whether to decarbonize as a “life over death” choice by leaders. Nigeria’s Environment Minister Mohammed Abdullahi, along with many others, argued that the action needed to go beyond just cutting emissions in the future. Rich nations, most responsible for climate change, must help poor nations hit hard by impacts of climate change. “The blame game should stop,” he said, adding that the country would be “aggressive” during negotiations about financing and reparations for vulnerable countries. Here is a look some of the largest storylines on the first day of COP27:

Loss and damage

Social media . . .

Second-guess any claim that doesn’t provide its sources or makes one-sided assertions. Be equally suspicious of exaggerated claims, misleading comparisons and claims that single out groups of people by race or background. If something seems too good — or too horrifying — to be true, check it out. Someone may be trying to fool you, said Rebecca Rayburn-Reeves, a senior behavioral researcher at Duke University’s Center for Advanced Hindsight, which develops ways to make people more resilient to misinformation.

continued from A14

Pay attention to your emotions The most viral misleading claims often rely on tricks to persuade a person to believe something that isn’t true. Emotionally charged language is one of the most effective: Be suspicious of any claim that seems designed to provoke a strong emotional response like fear or anger. These strong feelings can cause a person to repost a false claim before they’ve had a chance to think it over.

IN the world of climate negotiations, loss and damage refers to reparations. That would be rich nations, the most responsible for the emissions that have led to climate change, making reparations to developing countries that are often most impacted. While the idea has long been around, traditionally it’s been more on the fringes of climate discussions than in the forefront. On Monday, it dominated many of the talks. For the first time, developing nations got on to the summit agenda the issue of loss and damage, and numerous leaders brought it up and urged action. The setting of this year’s summit, Egypt, a developing nation in Africa, seemed to give the initiative a symbolic push. “The damage is obvious,” Ghana’s President Nana Akufo-Addo told The Associated Press. “Those who are responsible should be very, very much aware of the need to compensate others.”

Progress amid distractions

Throughout the speeches, leaders urged their counterparts and negotiators not to get distracted amid so many things competing for attention. There are the US Midterm elections on Tuesday. Now in its eighth month, Russia’s invasion

of Ukraine has pushed some countries to speed up plans to transition to green energies while others have come under criticism for turning back to dirty fuels like coal to make up the energy shortfall. And COP27 will still be happening when leaders of the world’s richest nations meet in Bali in Indonesia for the G-20 summit next week. “Today’s urgent crises cannot be an excuse for backsliding or greenwashing,” said Antonio Guterres, the U.N. secretary general. On the sidelines, there was also talk about who wasn’t attending the summit, and what that might say about their commitments. Leaders of two of the biggest emitting countries, China and India, thus far appear to be skipping the talks, though they are sending underlings to negotiations. The leader of the historically 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.

Egyptian activist strike

TO coincide with the summit start, jailed opposition activist Alaa Abdel-Fattah escalated a hunger strike, refusing also water, according to his family. On Monday, Agnes Callamard, secretary general of Amnesty International, warned that failure by the Egyptian government to release him would lead to his death. Abdel-Fattah, 40, has spent most of the past decade behind bars. For many Egyptians, his detention is a symbol of the country’s return to autocratic rule. For more than six months, Abdel-Fattah has been on a partial hunger strike, consuming only 100 calories a day.

“It’s all about using your critical thinking,” Rayburn-Reeves said. “Be open-minded, but also skeptical. I say: Be an amiable skeptic.”

Be patient. Results take time to be counted

The US has a long history of elections that took days, weeks or even months to settle. Recent increases in the use of mail ballots have only increased the certainty that some races won’t be decided Tuesday night. Election officials in several states have already announced that they expect some results to take longer.

Hoping to push the issue, Abdel-Fattah’s younger sister, Sanaa Seif, came to Sharm el-Sheikh early Monday. She arrived on a flight from London through the Turkish city of Istanbul. “I’m here to do my best to try and shed light on my brother’s case and to save him,” Seif said upon arrival. Since 2013, el-Sissi has overseen a massive crackdown, jailing thousands of Islamists, but also secular activists involved in the country’s 2011 uprising. Many other activists, journalists and academics have fled the country.

Saudi Arabia initiative

AS expected, Saudi Arabia had a large presence, both inside the COP27 venues and outside. On the sidelines of an event, on Monday Saudi Arabia’s Crown Prince Mohammed bin Salman pledged $2.5 billion to fund regional efforts to combat climate change. The crown prince said the money would support initial projects and the budget for the Middle East Green Initiative, which Saudi Arabia launched a year ago. Saudi Arabia had a large pavilion outside the venue dedicated to its green initiatives. Salman also said the kingdom’s Public Investment Fund would target net zero carbon emissions by 2050, through a circular carbon economy approach. Many climate change activists say the strategy and investments are simply a way for Saudi Arabia, one of the world’s largest oil producers, to continue with business as usual. They say the circular carbon strategy focuses on unreliable carbon capture and storage technologies rather than phasing out fossil fuels. AP

In key battleground states like Pennsylvania, Michigan and Arizona, election officials cannot begin counting mail ballots until Election Day, guaranteeing delays. Yet the idea that voting delays equal fraud continues to reverberate online, and is likely to continue spreading long after Election Day thanks to candidates and politicians who have amplified the claim, according to Larry Norden, senior director of the elections and government program at the Brennan Center for Justice at New York University.

A16 Wednesday, November 9, 2022

GROUP PROTESTS RUSH IN DA-BAI GUIDELINES ON PAP IMPORTATIONS

HE Department of Agriculture-Bureau of Animal Industr y (DA-BA I) on Tuesday issued guidelines allowing the importation of processed animal proteins (PAPs) from countries affected with African swine fever (ASF) for aquatic feed use, sparking protests from local producers. In memorandum circular (MC) 34, the DA-BAI said the ongoing conflict in Europe has greatly affected the country’s external source of feed wheat and other feed ingredients necessary for local aquaculture production. Earlier, DA issued Memorandum Order (MO) 59 that authorized the importation of PAP even from countries with confirmed ASF outbreaks “subject to pertinent precautionary measures and guidelines.” But the Samahang Industriya ng Agrikultura (SINAG) on Tuesday expressed concern on the issuance of MC 34. “We find it strange and worrisome that a Memo Circular has been published, in the midst of the appeal,” said SIN-

AG in a statement, referring to a pending appeal by their sector to President Ferdinand R. Marcos Jr. “Until today, the local agriculture industry is in constant discussions with the Bureau of Animal Industry and the Office of the President with our concern on the importation of Processed Animal Protein (PAP) from ASF-infected countries,” it added. According to SINAG, there is an ongoing appeal to the President by the whole livestock industry and allied sectors, including from an advisory body from the Office of the President-the National Advisory Committee for Animal Disease Control and Emergency (NAC ADCE). “Equally unusual, if true, is the information that the publication of the BAI Memo Circular were funded, not from BAI funds. There are also legal questions on the memo itself. Parang minadali talaga [It seems it was really rushed],” it said. Continued on A5

Taiwan roadshow nets PEZA $65M in investment pledges By Andrea E. San Juan

HE Philippine Economic Zone Authority (PEZA) said it has recorded seven investment pledges amounting to $65 million during its investment mission in Taiwan. In a statement on Tuesday, PEZA said among the investment pledges are expansion projects from CHIMEI, which it said has proposed the development of Artificial Intelligence (AI)-based solutions and LCD monitors. Another company is Budget Energy Corp., which proposed the project expansion of Solar Energy Development in Hermosa and Subic. PEZA also reported that YFCBonEagle International, Inc. has a $40-million extension plan in the next two years. The agency said some of the investment pledges come from AcBel Polytech Inc. and Yeng Hsing Philippine Branch. Neotek and Accton Technology Corporation are also exploring investment opportunities in the Philippines through PEZA, with Neotek planning to invest $6 million to 8 million. Meanwhile, the agency said various companies also expressed “serious interest” during the various business-to-business (B2B) meetings attended by PEZA during the business mission in Taiwan. PEZA said this includes Asia Optical Co., Inc, a company that is into the scope of guns products. It wants to put up an agro-industrial park with a 5-hectare ecozone area requirement, and with an estimated initial cost of investment at P1 billion. Meanwhile, the agency said Medtecs International Corporation Limited, a manufacturer of personal protective equipment (PPE), is looking for at least 100ha and other companies such as Cyberpower, a company into car batteries, power bank, UPS. Haoy ung Inter nat iona l Co., LTD, a company into green energy; and Huang Lin Machinery Co., LTD, and Giyu Industrial Co., LTD, that are into vertical farming and hydroponics have also expressed “serious interest” in investing in the Philippines. According to PEZA, the four-day investment mission was in collaboration with the Department of Trade and Industry (DTI)-Philippine Trade and Investment Center (PTIC), the Board of Investments (BOI), Ma-

nila Economic and Cultural Office (MECO), Taipei Economic and Cultural Office, and Taiwanese Business Chambers. For his part, PEZA Officer-inCharge Tereso O. Panga said, “Not only do we aim to learn from Taiwan, being the seventh biggest economy in Asia and the 20th largest purchasing power parity in the world; we also seek to bring to the country strategic and big-ticket investments that will be vital in our goal of economic growth and development post-pandemic.” The current head of Peza said the agency aims to attract more investments in Taiwan, particularly in high-technology industries, noting that the Philippines can benefit from the technological advancements of Taiwan. “We aim to attract more investments in high-technology industries as Taiwan’s economy is driven by a competitive manufacturing sector in the fields of electronics, machinery, petrochemicals, energy, and information and communications technology (ICT) products,” Panga said. With the “positive” outcome of the investment mission in Taiwan, Panga said PEZA remains bullish on achieving its 6-7 percent investment growth target for the year, taking into account the “firm growth forecasts for 2022 of our inner ecozone sectors at 10 to 15 percent for [IT and Business Process Association of the Philippines] IBPAP, and 10 percent for [Semiconductor and Electronics Industries in the Philippines Foundation, Inc.] SEIPI.” As of July 2022, Panga said there are a total of 108 Taiwanese enterprises registered in PEZA, which contributed a total of P32.87 billion of investments, USD 535.527 million of exports, and 46,564 direct jobs. Among the big-ticket PEZA-registered Taiwanese companies are Sunon Properties, Tong Hsing Electronics, Kinpo Electronics and its affiliate company Acbel Polytech. With the tax incentives in place under the Corporate Recovery and Tax Incentives for Enterprises Act, Panga expressed confidence that “PEZA shall attract and target strategic and high-tech industries from Taiwan that will provide for ecozone product sophistication, export diversification, labor-intensive and high-skilled jobs, knowledge transfer, enhanced local supply chain, and creation of industry clusters.”

CTRP Part 4, two other tax bills hurdle House 2nd rdng

By Jovee Marie N. dela Cruz

@joveemarie

HE House of Representatives on Tuesday approved on second reading three priority tax measures topped by Package 4 of the Comprehensive Tax Reform Program (CTRP). The two others are the bill placing under VAT coverage the non-resident digital service providers and one imposing taxes on disposable plastic bags, which could yield a total of P48 billion annually. Through viva voce voting, the House plenary approved on second reading House Bill 4102, or the Single-use Plastic Bags Tax Act, House Bill 4122, or the VAT on Nonresident Digital Service Providers, and House Bill 4339 or Package 4 of the Comprehensive Tax Reform Program. House Committee on Ways and Means Chairman Joey Sarte Salceda said these measures could yield a total of P48 billion annually. Of P48 billion, Salceda said some P19 billion will come from the nonresident DSP VAT, P9.3 billion from plastic bags, and P20 billion from Package 4, the bulk of which will come from removing the tax

exemption in pickup trucks, and increasing the tax rates on foreign currency deposit units to 20 percent. “With this, the House wraps up with all the priority tax measures of the Duterte-era Comprehensive Tax Reform Program, and is ready to move on to tax collection reforms, as prioritized by the Marcos administration,” Salceda said. “That is around 2 percent of BIR collection targets, and 0.2 percent of GDP, so [Finance] Secretary [Benjamin] Diokno only needs to look for 0.1 percent of GDP more in tax collection improvement. The Medium -Term Fiscal Framework, which we in Congress approved, takes into

account 0.3 percent of GDP in tax collection efficient improvement every year,” Salceda said. For the digital services VAT, Salceda clarified that it will not be imposed on Filipino businesses. “The emphasis is on foreign or nonresident digital service providers. All major Asean economies impose VAT on these entities. Tayo na lang ang hindi [We’re the only ones who haven’t done so],” Salceda said. Salceda said the proposed Digital Economy VAT Law will close ambiguities in the VAT system that have allowed some digital services and goods sold over the digital space to remain outside the coverage of VAT. The bill clarifies that digital services such as digital advertising, subscription-based services, and other online services that can be delivered through the internet are VAT-able. T he measure a lso aims to strengthen tax compliance through simplified invoicing and registration requirements for VAT-registered nonresident DSPs. The bill refers to the “digital service provider” as a service provider of a digital service or goods to a buyer, through operating an online platform for purposes of buying and selling of goods or ser-

vices, or by making transactions for the provision of digital services on behalf of any person.

P100 tax on plastic

ON plastic bags, Salceda added that the plastic bags tax—an excise tax of P100 per kilo of disposable plastic bags—is in line with the country’s efforts to fight ocean pollution, especially “as we are now recognized ignominiously as the world’s biggest ocean plastic polluter.” The bill said the rate of tax imposed under this proposal shall be increased by 4 percent every year, effective on January 1, 2026, through revenue regulations issued by the secretary of Finance. House Committee on Ways and Means Vice Chairperson Mikaela Angela Suansing, principal author of the bill, said the use of plastic bags as means of transporting fresh produce, meat, clothing, and other consumption good has become customary in the conduct of trade not only in the Philippines but in other countries as well. To reduce its costly environmental impact, several countries imposed taxes on the use of plastic bags, while others have even gone so far as to implement a total ban, she said. Continued on A5

GOING ORGANIC Senator Cynthia A. Villar, who chairs the Senate Committee on Agriculture and Food, is joined by Agriculture Senior Undersecretary Domingo Panganiban as they check out the organic products sold during the formal opening of the 8th Organic Agriculture Month on November 7, 2022 at the Department of Agriculture’s central office in Quezon City. After the formal launching, a 1-day organic mini-market was opened where people can buy organic products from CAR, Ilocos Region and Calabarzon. NONOY LACZA

‘Wage hikes will fill gaps of inflation busters’

ABOR groups are now calling on the government to step up its efforts to tame accelerating inflation and job-generation to address the worrying rise in underemployment. In a statement on Tuesday after the government reported the latest jobs data for September, labor coalition Nagkaisa said the rise in the numbers of underemployed workers—those who started to look for additional work hours or jobs—exposed the gaps in the government measures to address inflation. He said this prevented many workers from making ends meet

with their existing salaries. “Escalating inflation has direct correlations with rising underemployment rate as without a pay hike to recover the lost value of their wages, low-paid workers are left with only one option—punish themselves with additional jobs,” Nagkaisa chair Sonny Matula said. The Philippine Statistics Authority (PSA) reported the number of underemployed workers in September reached 7.33 million, compared to 7.03 million in August. Economic managers attributed the trend to the rising cost of basic goods due to inflation, which

reached 6.9 percent in September, further rising to 7.7 percent in October despite existing government cash aid and fuel subsidies. “A higher underemployment rate, in short, underlines the need for a wage hike,” Matula said. For his part, Sentro ng mga Nagkakaisa at Progresibong Manggagawa (SENTRO) Secretary General and Nagkaisa member Josua T. Mata is pushing for a more “robust public employment program and an active agro-industrial policy.” He noted an intiative, wherein the governnment could consider employing workers, will be to im-

plement measures to mitigate the effects of climate change. “Climate jobs mean jobs that actually help reduce climate emissions. This would include riverine and coastal rehabilitation, reforestation, renewable energy, etc.,” Mata said. “Government needs to step in and create jobs as there are many things that need to be done but which the private sector won’t do,” he added. Nagkaisa said a reinvigorated agricultural and industrial sector will also help generate more quality jobs. Samuel P. Medenilla

Companies BusinessMirror

Editor: Jennifer A. Ng

Wednesday, November 9, 2022

Ayala Land profit surges in Jan-Sept

By VG Cabuagb

@villygc

roperty developer Ayala Land Inc. (ALI) on Tuesday said its attributable income in January to September went up by more than 50 percent to P13.34 billion from last year’s P8.58 billion as business and consumer activity accelerated. Consolidated revenues for the period grew 19 percent to P86.31 billion from the previous year’s

P72.6 billion. For the third quarter alone, the company posted a net income of

P5.26 billion, double than last year’s P2.54 billion, while consolidated revenues reached P32.97 billion, 39 percent more than the previous P23.64 billion. “The acceleration in business and consumer activity during the period enabled us to generate significant earnings growth,” Ayala Land President and CEO Bernard Vincent O. Dy said. “The demand for our residential products remained resilient and local consumption continues to be robust despite geopolitical and macroeconomic challenges. We believe the strength of our local market will provide the backbone to sustain the

growth of our diversified real estate portfolio for the rest of the year.” The company’s property development revenues increased by 7 percent to P55.2 billion, led by commercial lot sales and construction progress in its residential projects. For the nine months, revenues from commercial lots jumped by 82 percent to P7.5 billion due to strong investor demand at Nuvali, Arca South and South Coast City estates, while residential revenues improved by 2 percent to P45.6 billion. Office-for-sale revenues declined by 26 percent to P2.1 billion due to the completion of Alveo’s Park Triangle Tower at BGC and moderate

take-up on remaining inventory. Demand for Ayala Land’s residential products remained resilient as the company recorded P77.3 billion in reservation sales, 10 percent more than last year. Sales from local Filipinos comprised 65 percent of the total, overseas Filipinos had a 22 percent share and other nationalities accounted for 13 percent. The projects that were most sought after during the period were Ayala Land Premier’s Ciela at Aera Heights in Carmona, Cavite, and the Parklinks North Tower in Quezon City, Amaia’s Skies Cubao Tower 3 in Quezon City, and Avida’s Serin East Tower 4 in Tagaytay City.

The company launched eight new projects valued at P25 billion in the third quarter, bringing the total to 20 projects worth P60 billion as of September. In commercial leasing, revenues rose 64 percent year-on-year to P23.3 billion with the reinstatement of full mall rental rates, the contribution of new leasing spaces, and higher hotel room rates. Capital expenditures reached P44.7 billion, of which more than half were spent on residential projects, 10 percent on commercial projects, 14 percent on land acquisition, 17 percent on estate development and 4 percent for other purposes.

Tender offer indicates confidence in SMCGP, says Ang S MC Global Power Holdings Corp. (SMCGP) said Tuesday the tender offer of some $400 million worth of dollardenominated debts was “a clear indication” of strong investor confidence. SMCGP President Ramon S. Ang said the tender offer has been well received, but an overwhelming majority of investors chose to

hold on to the securities. “This is a clear indication of strong confidence in the stability, strength and value of SMCGP, which of late has been hobbled by skyrocketing global fuel prices and an unfavorable decision by a government regulator on its petition for a temporary rate hike,” Ang said in a text message. “We thank the investors who participated in the exercise as well as

those who decided to stay and take the long-term approach. This development is a strong statement of support for our company and confidence in our ability to navigate existing challenges, honor our obligations and continue to grow the business moving forward.” SMCGP announced on Tuesday the results of the tender offers across all five series of its US dol-

lar-denominated senior perpetual capital securities (the “Perpetual Securities”), callable between April 2024 to December 2026. SMCGP expects the settlement date for the tender offers to be on or about November 9. As of the expiration deadline of the tender offers, an aggregate principal amount of $123,934,000 across the five series of Perpetual Securities

had been submitted by security holders in the tender offers. The tender offer is a way for the company to allow investors to cash out the bonds and allay concerns over its finances following the Energy Regulatory Commission’s (ERC) denial of its petition to recover losses from its fixed-rate power supply agreements with the Manila Electric Co.

SMCGP said it has accepted all valid tender instructions with final settlement date expected on or about November 9. “Again, we are grateful for the confidence that investors continue to show. For us, this means our investors understand that current market prices do not reflect the true strength of SMCGP and the San Miguel Group,” Ang said. Lenie Lectura

Companies BusinessMirror

Wednesday, November 9, 2022

Petron 9-month net income jumps on oil demand growth

By Lenie Lectura

@llectura

etron Corp.’s net income as of end-September this year grew by 64 percent to P8.2 billion from last year’s P4.99 billion on account of higher revenues. MUTUAL FUNDS

November 8, 2022

NAV One Year Three Year Five Year Y-T-D per share Return* Return Stock Funds ALFM Growth Fund, Inc. -a 202.09 -13.36% -7.97% -7.11% -13.3% ATRAM Alpha Opportunity Fund, Inc. -a 1.2773 -24.88% -5.5% -4.57% -23.25% ATRAM Philippine Equity Opportunity Fund, Inc. -a 2.7838 -14.59% -10.88% -9.41% -14.02% Climbs Share Capital Equity Investment Fund Corp. -a 0.6661 -12.01% -10.92% -8.08% -11.95% First Metro Consumer Fund, Inc -a,4 0.6332 -20.81% -10.29% n.a. -17.86% First Metro Save and Learn Equity Fund,Inc. -a 4.4818 -14.45% -6.58% -5.55% -13.52% First Metro Save and Learn Philippine Index Fund, Inc. -a,3 0.675 -14.14% n.a. n.a. -13.83% MBG Equity Investment Fund, Inc. -a 76.38 -23.63% -12.34% n.a. -19.11% PAMI Equity Index Fund, Inc. -a 41.4219 -14.06% -7.89% -5.9% -13.93% Philam Strategic Growth Fund, Inc. -a 430.09 -14.18% -7.86% -6.06% -14.1% Philequity Dividend Yield Fund, Inc. -a 1.1643 -10.88% -4.36% -3.71% -14.16% Philequity Fund, Inc. -a 32.1052 -12.24% -6.42% -4.74% -12.27% Philequity MSCI Philippine Index Fund, Inc. -a 0.817 -13.48% -8.06% n.a. -13.21% Philequity PSE Index Fund Inc. -a 4.3101 -13.19% -7.19% -5.28% -13.12% Philippine Stock Index Fund Corp. -a 717.9 -13.4% -7.27% -5.3% -13.35% Soldivo Strategic Growth Fund, Inc. -a 0.6402 -16.01% -10.95% -7.91% -14.93% Sun Life Prosperity Philippine Equity Fund, Inc. -a 3.2337 -14.32% -9.45% -6.69% -14.35% Sun Life Prosperity Philippine Stock Index Fund, Inc. -a 0.8171 -13.6% -7.54% -5.6% -13.49% United Fund, Inc. -a 2.9934 -13.61% -7.37% -4.91% -12.91% Primarily invested in Peso securities (units) COL Equity Index Unitized Mutual Fund, Inc. -a,5 1.0154 n.a. n.a. n.a. n.a. Philequity Alpha One Fund, Inc. -a 0.9867 -16.28% n.a. n.a. -15.14% Philippine Stock Index Fund Corp. -a 872.77 n.a. n.a. n.a. n.a. Exchange Traded Fund (shares) First Metro Phil. Equity Exchange Traded Fund, Inc. -a,c 96.8614 -13.12% -7.07% -5.04% -13.11% Primarily invested in foreign currency securities (shares) ATRAM AsiaPlus Equity Fund, Inc. -b $0.7868 -32.41% -7.8% -6.53% -30.16% Sun Life Prosperity World Voyager Fund, Inc. -a $1.386 -26.26% 1.62% 2.28% -24.94% Balanced Funds Primarily invested in Peso securities (shares) ATRAM Dynamic Allocation Fund, Inc. -a 1.4965 -11.93% -2.17% -4.21% -11.55% ATRAM Philippine Balanced Fund, Inc. -a 2.022 -10.76% -3.98% -3.76% -11.37% First Metro Save and Learn Balanced Fund Inc. -a 2.4412 -10.12% -3.04% -2.45% -9.28% First Metro Save and Learn F.O.C.C.U.S. Dynamic Fund, Inc. -a 0.189 -6.34% -7.45% n.a. -9.57% NCM Mutual Fund of the Phils., Inc. -a 1.8551 -8% -2.17% -1.33% -8.01% PAMI Horizon Fund, Inc. -a 3.3705 -10.56% -4.31% -3% -10.48% Philam Fund, Inc. -a 14.9242 -11.57% -4.64% -3.25% -11.41% Solidaritas Fund, Inc. -a 1.9537 -7.97% -3.46% -2.72% -7.91% Sun Life of Canada Prosperity Balanced Fund, Inc. -a 3.2374 -11.39% -6.35% -4.1% -11.23% Sun Life Prosperity Dynamic Fund, Inc. -a 0.8501 -10.09% -5.25% -3.48% -10.91% Primarily invested in Peso securities (units) Sun Life Prosperity Achiever Fund 2028, Inc. -a 0.8868 -10.66% -5.02% n.a. -10.41% Sun Life Prosperity Achiever Fund 2038, Inc. -a 0.8006 -15.36% -7.9% n.a. -15.24% Sun Life Prosperity Achiever Fund 2048, Inc. -a 0.787 -16.03% -8.34% n.a. -15.73% Primarily invested in foreign currency securities (shares) Cocolife Dollar Fund Builder, Inc. -a $0.03102 -18.11% -6.61% -3.02% -18.24% PAMI Asia Balanced Fund, Inc. -b $0.807 -24.72% -7.39% -5.04% -24.37% Sun Life Prosperity Dollar Advantage Fund, Inc. -a $3.7318 -23.23% -0.6% 0.77% -22.29% Sun Life Prosperity Dollar Wellspring Fund, Inc. -a,2 $0.9537 -21.07% -3.83% -1.73% -20.43% Bond Funds Primarily invested in Peso securities (shares) ALFM Peso Bond Fund, Inc. -a 375.68 0.76% 1.82% 2.24% 0.37% ATRAM Corporate Bond Fund, Inc. -a 1.8675 -2.86% -0.99% -0.33% -0.91% Cocolife Fixed Income Fund, Inc. -a 3.2119 -0.94% 1.22% 2.8% -0.99% Ekklesia Mutual Fund Inc. -a 2.1499 -4.14% -1.02% 0.36% -4.51% First Metro Save and Learn Fixed Income Fund,Inc. -a 2.3833 -1.48% 0.51% 1.48% -1.76% Philam Bond Fund, Inc. -a 4.1256 -6.15% -1.69% 0.26% -6.14% Philam Managed Income Fund, Inc. -a 1.3168 0.1% 1.83% 2.65% -0.17% Philequity Peso Bond Fund, Inc. -a 3.827 -3.27% 0.63% 1.82% -3.5% Soldivo Bond Fund, Inc. -a 1.0077 -1.32% 1.78% 1.65% -1.99% Sun Life of Canada Prosperity Bond Fund, Inc. -a 3.1068 -2.46% 0.56% 2.24% -2.53% Sun Life Prosperity GS Fund, Inc. -a 1.6777 -2.83% -0.19% 1.56% -3.06% Primarily invested in foreign currency securities (shares) ALFM Dollar Bond Fund, Inc. -a $476.64 -2.43% 0.74% 1.38% -2.64% ALFM Euro Bond Fund, Inc. -a Є207.83 -5.52% -1.83% -0.55% -5.54% ATRAM Total Return Dollar Bond Fund, Inc. -b $0.983 -18.14% -6.5% -2.83% -18.35% First Metro Save and Learn Dollar Bond Fund, Inc. -a $0.0237 -8.85% -2.79% -1.06% -8.85% PAMI Global Bond Fund, Inc -b $0.834 -18.32% -8.65% -5.09% -18.46% Philam Dollar Bond Fund, Inc. -a $2.0713 -16.94% -4.64% -1.61% -17.34% Philequity Dollar Income Fund Inc. -a $0.0594498 -4.82% -0.43% 0.67% -4.56% Sun Life Prosperity Dollar Abundance Fund, Inc. -a $2.5671 -18.89% -6.6% -3.16% -19.68% Money Market Funds Primarily invested in Peso securities (shares) ALFM Money Market Fund, Inc. -a 132.99 1.6% 2.05% 2.54% 1.37% First Metro Save and Learn Money Market Fund, Inc. -a 1.0698 1.27% 1.36% n.a. 1.14% Sun Life Prosperity Peso Starter Fund, Inc. -a,1 1.3339 1.62% 1.94% 2.42% 1.39% Primarily invested in Peso securities (units) ALFM Money Market Fund, Inc. -a 100.02 n.a. n.a. n.a. n.a. Primarily invested in foreign currency securities (shares) Sun Life Prosperity Dollar Starter Fund, Inc. -a $1.0677 0.75% 1.05% 1.32% 0.67% Feeder Funds Primarily invested in Peso securities (units) ALFM Global Multi-Asset Income Fund Inc. -a 44.2536 n.a. n.a. n.a. n.a. Sun Life Prosperity World Equity Index Feeder Fund, Inc. -a 1.2364 -9.99% n.a. n.a. -10.59% Primarily invested in foreign currency securities (units) ALFM Global Multi-Asset Income Fund Inc. -a $0.7777 -20.64% n.a. n.a. -19.82% a - NAVPS as of the previous banking day. b - NAVPS as of two banking days ago. c - Listed in the PSE. d - in Net Asset Value per Unit (NAVPU). 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. "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."

It said Tuesday that the combined sales volume from Petron’s Philippine and Malaysian operations as well as the group’s Singapore trading subsidiary grew 37 percent to 80.4 million barrels from 58.8 million barrels in the same period of 2021, reflecting higher fuel demand. In the Philippines, total sales volume jumped by nearly 30 percent. Average price per barrel of Dubai crude dipped by $11 per barrel to $96.88 in the third quarter due to recession fears. Despite the correction in the third quarter, prices of finished fuel products remained elevated compared to last year. Together with the volume increase, Petron reported consolidated revenues of P631.1 billion in January to September, more than double that of last year’s P291.6 billion. The demand recovery in most economies supported the continued strength of regional refining cracks resulting in the overall improvement in margins. Petron’s operating income stood strong at P16.5 billion, 23 percent more than 2021’s P13.4 billion. These improvements, however, were tempered by the increase in financing cost due to the unprecedented strengthening of the US dollar against the peso and the successive hikes in interest rates. “Despite uncertainties from geopolitical conflicts affecting the industry, we are pleased to note that our recovery is still on track. We are working hard so we can end the year strong and remain com-

mitted to providing consumers and industries quality fuel products they need,” said Petron President Ramon S. Ang. Petron is the Philippines’s largest oil company, operating the only remaining refinery that is capable of providing nearly 40 percent of the country’s petroleum requirements. Petron operates a 180,000 barrel-per-day refinery in Bataan, 30 terminals, and over 2,000 service stations nationwide. The company has recently obtained the go-signal from its shareholders to build and operate a cocomethyl ester plant and to secure the relevant permits. Petron has also acquired a palm methyl ester plant in Malaysia to serve as an internal source for its biodiesel products. Earlier this year, the plant has undergone capacity expansion to support higher demand for biodiesel in the country.

Local, foreign telcos to build subsea cable By Lorenz S. Marasigan @lorenzmarasigan

ilipino and foreign telcos are investing $300 million to build a submarine cable system in Southeast Asia that will upgrade local data capacities. In a joint statement, Globe Telecom Inc., Dito Telecommunity Corp., China Telecom Global Ltd. (CTG), Singapore Telecommunications Ltd. (Singtel), and Unified National Networks Sdn Bhd (UNN) said they are building the multimillion-dollar Asia Link Cable (ALC). A LC is env isioned to be a 6,000-kilometer undersea cable system that will connect Hong Kong and Singapore as its trunk, with branches into the Philippines, Brunei Darussalam and Hainan, China.

HMN Technologies Co., Limited (HMN Tech) was designated as the system supplier and is expected to complete construction of the ALC by the third quarter of 2025. ALC is seen to provide additional hyper-capacity within Asia and boost resiliency for international traffic. It will have a minimum eight fiber pairs in the system, with 18 Tbps/Fiber Pair minimum trunk design capacity, adding more capacity and diversity to existing networks in the region. “We started planning and designing the ALC cable more than two years ago at the onset of the pandemic, having anticipated the inevitable growth in high-definition content consumption, trade and innovation in this region,” ALC Co-Chair Alan Tan said. “Despite the challenges presented by safe management restrictions, we managed to come up with a system that will help meet the evolving needs of consumers and enterprises and boost local economies today and in the near future.” ALC adopted an open cable system architecture. This enables parties to select and maintain independent line terminal equipment that would suit their customer requirement.

www.businessmirror.com.ph

PSE STOCK QUOTATIONS

November 8, 2022

Net Foreign Stocks Bid Ask Open High Low Close Volume Value Trade (Peso) Buy (Sell) FINANCIALs

ASIA UNITED BDO UNIBANK BANK COMMERCE BANK PH ISLANDS CHINABANK EAST WEST BANK METROBANK PB BANK PHIL NATL BANK RCBC SECURITY BANK UNION BANK BRIGHT KINDLE COL FINANCIAL IREMIT MANULIFE PHIL STOCK EXCH SUN LIFE

74,655 821,797,532 1,618 189,757,155 26,720,095 317,923 111,021,767.50 41,250 2,071,540 66,652,725 43,371,322 4,020,771 4,140 6,220 1,420 498,570 19,728 140,700

522,230,827.00 -42,704,492 13,300 -110,022 -6,177,491 -1,094,264 -118,860 -14,460,815 -571,592.50 478,790 16,430 117,200

INDUSTRIAL ACEN CORP 6.02 6.03 6.06 6.11 5.99 6.02 4,568,500 27,544,854 ALSONS CONS 0.78 0.84 0.83 0.84 0.83 0.84 6,000 5,000 33 33.35 33.7 33.85 33 33 822,100 27,372,790 ABOITIZ POWER RASLAG 1.68 1.69 1.68 1.72 1.68 1.69 470,000 797,750 BASIC ENERGY 0.3 0.305 0.31 0.315 0.295 0.305 3,430,000 1,034,150 15.34 15.4 15.4 15.5 15.34 15.34 1,524,100 23,423,700 FIRST GEN FIRST PHIL HLDG 59.8 60 61.5 61.5 59.8 59.8 47,920 2,877,600 MERALCO 304 305 308.8 308.8 301.8 305 418,940 128,669,074 16.1 16.16 16.3 16.3 16 16.1 363,100 5,860,762 MANILA WATER PETRON 2.38 2.41 2.41 2.41 2.36 2.38 278,000 662,950 PHX PETROLEUM 7.66 8.47 7.41 8.47 7.41 8.47 5,500 45,980 11.7 11.76 11.52 11.76 11.5 11.7 517,200 6,029,322 SYNERGY GRID PILIPINAS SHELL 17.6 17.66 17.56 17.7 17.52 17.66 25,900 455,444 SPC POWER 9.8 9.95 9.8 9.9 9.8 9.9 14,100 138,810 1.18 1.19 1.17 1.19 1.15 1.19 20,856,000 24,569,720 SP NEW ENERGY AGRINURTURE 7.39 7.4 7.35 7.45 7.3 7.4 3,446,500 25,459,629 AXELUM 2.48 2.5 2.51 2.52 2.46 2.5 372,000 929,850 8.51 10.42 8.03 10.66 8 10.66 7,000 57,736 CNTRL AZUCARERA CENTURY FOOD 23.35 23.8 24.2 24.4 23.35 23.35 1,013,900 23,837,745 DNL INDUS 7.4 7.45 7.51 7.52 7.35 7.4 1,434,900 10,650,615 19.66 19.88 19.9 19.9 19.64 19.66 592,400 11,650,166 EMPERADOR SMC FOODANDBEV 35 35.1 35.9 35.9 35 35 117,100 4,132,805 FIGARO COFFEE 0.62 0.63 0.62 0.64 0.62 0.63 7,051,000 4,418,840 0.52 0.54 0.54 0.54 0.54 0.54 1,000 540 ALLIANCE SELECT FRUITAS HLDG 0.97 0.98 0.99 1 0.97 0.98 269,000 266,040 GINEBRA 106 106.3 106.4 106.4 105 106 910 96,372 228.4 228.6 230 236 226 228.6 725,610 166,700,228 JOLLIBEE KEEPERS HLDG 1.11 1.12 1.1 1.11 1.08 1.11 1,350,000 1,484,880 MAXS GROUP 4.5 4.78 4.6 4.88 4.5 4.78 24,000 110,600 0.107 0.11 0.107 0.113 0.107 0.107 710,000 77,720 MG HLDG MONDE NISSIN 12 12.02 11.92 12.14 11.78 12.02 4,111,400 49,370,490 SHAKEYS PIZZA 7.35 7.44 7.44 7.44 7.44 7.44 2,000 14,880 0.46 0.48 0.465 0.48 0.455 0.48 810,000 381,900 ROXAS AND CO RFM CORP 3.76 3.8 3.85 3.85 3.8 3.8 29,000 110,300 UNIV ROBINA 125 125.1 128.5 128.5 125 125 585,510 73,789,843 0.56 0.58 0.56 0.58 0.56 0.56 351,000 196,780 VITARICH CONCRETE A 36.6 39.75 38 38 38 38 800 30,400 CONCRETE B 38 40 44 45 40 40 1,200 48,900 0.65 0.66 0.66 0.66 0.65 0.65 206,000 134,230 CEMEX HLDG EAGLE CEMENT 21.5 21.55 21.6 21.6 21.5 21.55 419,300 9,037,855 HOLCIM 3.81 3.99 3.99 3.99 3.81 3.81 4,470,000 17,031,630 3.33 3.34 3.42 3.42 3.34 3.34 220,000 740,210 MEGAWIDE PHINMA 19.8 19.84 19.8 19.84 19.5 19.84 15,300 301,958 VULCAN INDL 0.82 0.84 0.86 0.86 0.82 0.82 678,000 563,460 1.45 1.49 1.46 1.49 1.46 1.49 38,000 56,080 CROWN ASIA EUROMED 0.92 0.98 0.92 0.92 0.92 0.92 22,000 20,240 5.98 6.28 6.2 6.3 5.92 6.28 2,200 13,163 MABUHAY VINYL PRYCE CORP 5.01 5.49 5.49 5.49 5.49 5.49 200 1,098 CONCEPCION 15.22 15.92 15.12 15.92 15.12 15.92 1,300 20,604 1.62 1.63 1.65 1.65 1.63 1.63 6,313,000 10,344,990 GREENERGY 4.99 5.1 5.01 5.2 4.95 4.99 97,900 492,668 INTEGRATED MICR IONICS 0.465 0.485 0.43 0.465 0.425 0.465 110,000 50,695 5.05 5.4 5.4 5.4 5.21 5.21 3,200 16,976 PANASONIC SFA SEMICON 1.49 1.52 1.51 1.53 1.5 1.52 304,000 460,710 CIRTEK HLDG 2.41 2.45 2.52 2.52 2.4 2.45 540,000 1,316,720

2,360,443 -8,410,325.00 4,850 -55,434 -2,674,800.50 -20,411,068 229,214 -313,300 -1,347,814 14,108 324,890 2,144,338 -778,320 -15,007,745 2,125,712 -5,723,728 -1,917,935.00 24,400 66,813 27,615,880 -4,723,444 -72,300 5,548,494 560 -8,450 -43,100 16,992,600 -469,140 4,380 3,483,190 -230,179 18,600 3,020 16,400

HOLDING & FRIMS

ABACORE CAPITAL AYALA CORP ABOITIZ EQUITY ALLIANCE GLOBAL ANSCOR ATN HLDG A COSCO CAPITAL DMCI HLDG GT CAPITAL JG SUMMIT LOPEZ HLDG LT GROUP METRO PAC INV PACIFICA HLDG PRIME MEDIA SOLID GROUP SM INVESTMENTS SAN MIGUEL CORP TOP FRONTIER

41 133 8 94.9 26.55 5.86 51.9 7.67 19.68 24.8 88.5 78 1.28 3.11 0.71 900 162 2,340

2.44 649.5 56.3 8.97 8.46 0.355 3.92 9.43 404.8 45.9 2.95 8.78 3.55 1.88 1.66 0.8 827 98.75 98.1

41.5 133.5 8.08 95 26.6 5.9 52 8.25 19.76 25.85 88.8 78.9 1.38 3.15 0.78 989 164.3 2,370

2.45 652 56.8 8.98 8.7 0.36 3.93 9.45 405 46.5 2.99 8.81 3.57 1.97 1.67 0.82 833 98.8 114.7

41.05 131.2 8.09 96.95 26.3 5.9 52.2 8.25 19.78 25.5 88 78.9 1.37 3.11 0.71 900 164.9 2,350

2.4 660 57.6 8.97 8.7 0.355 3.94 9.59 402.4 46 2.94 8.75 3.59 1.87 1.67 0.81 836 98.5 114.7

41.5 134.4 8.09 97.2 26.6 5.92 53.5 8.25 19.78 26.65 89.2 78.9 1.39 3.11 0.71 989.5 164.9 2,380

2.47 661.5 57.75 9 8.7 0.355 3.97 9.61 407 46.6 2.94 8.81 3.62 1.97 1.67 0.82 843 98.75 114.7

41.05 131.2 8.09 93.2 26.3 5.8 51.5 8.25 19.42 24.5 87.5 77.9 1.37 3.11 0.71 900 164.3 2,340

2.4 646 56.3 8.82 8.5 0.355 3.92 9.38 402.2 45 2.94 8.66 3.52 1.87 1.66 0.8 826.5 98 114.7

41.5 133.5 8.09 95 26.6 5.89 52 8.25 19.76 24.8 88.8 78 1.39 3.11 0.71 989 164.3 2,380

2.45 651 56.3 8.98 8.7 0.355 3.92 9.43 405 46.5 2.94 8.78 3.57 1.97 1.66 0.8 833 98.75 114.7

1,800 6,172,900 200 1,999,880 1,008,300 53,800 2,124,220 5,000 105,500 2,611,100 488,580 51,550 3,000 2,000 2,000 550 120 60

6,706,000 158,380 518,940 2,632,800 31,000 210,000 487,000 7,201,200 190,540 1,381,900 1,000 3,590,600 14,646,000 4,000 28,000 80,000 465,070 68,850 10

16,405,420 103,170,835 29,557,330.50 23,643,411 265,520 74,550 1,915,850 68,309,522 76,993,950 63,956,525 2,940 31,450,338 52,372,980 7,680 46,700 64,150 389,146,990 6,782,716.50 1,147

PROPERTY AYALA LAND 26 26.1 26.1 26.75 25.75 26 11,936,800 312,703,095 AYALA LAND LOG 3.24 3.26 3.24 3.25 3.23 3.24 225,000 730,280 11.8 13.4 11.8 11.8 11.7 11.7 3,000 35,204 ALTUS PROP ARANETA PROP 1.08 1.11 1.07 1.12 1.07 1.12 13,000 14,110 AREIT RT 31.6 31.7 31.5 31.8 31.5 31.6 126,600 4,006,555 0.66 0.69 0.66 0.66 0.66 0.66 7,000 4,620 CITYLAND DEVT CROWN EQUITIES 0.077 0.081 0.077 0.081 0.077 0.081 310,000 23,980 CEB LANDMASTERS 2.65 2.67 2.67 2.72 2.66 2.66 431,000 1,158,950 0.34 0.345 0.35 0.35 0.34 0.345 140,000 48,350 CENTURY PROP CITICORE RT 2.1 2.11 2.1 2.13 2.09 2.11 2,009,000 4,245,700 DOUBLEDRAGON 7.3 7.33 6.28 7.3 6.28 7.3 855,400 5,887,129 1.24 1.25 1.23 1.26 1.23 1.24 559,000 693,390 DDMP RT DM WENCESLAO 6.6 6.65 6.6 6.65 6.6 6.65 31,000 204,790 EMPIRE EAST 0.183 0.191 0.182 0.191 0.181 0.191 200,000 36,600 5.7 5.84 5.7 5.84 5.6 5.84 168,900 958,416 FILINVEST RT FILINVEST LAND 0.8 0.82 0.81 0.83 0.8 0.8 249,000 201,500 GLOBAL ESTATE 0.85 0.86 0.85 0.86 0.85 0.85 465,000 395,260 9.51 9.8 9.25 9.4 9.25 9.4 2,900 27,135 8990 HLDG GOLDEN MV 560 569.5 560 570 560 570 20 11,300 PHIL INFRADEV 0.91 0.92 0.9 0.91 0.9 0.91 54,000 49,100 0.71 0.73 0.72 0.72 0.71 0.71 23,000 16,370 CITY AND LAND MEGAWORLD 2.04 2.05 2.05 2.08 2.04 2.05 5,822,000 11,966,460 MRC ALLIED 0.173 0.176 0.174 0.176 0.171 0.176 1,380,000 237,700 12.38 12.4 12.5 12.6 12.4 12.4 625,700 7,802,262 MREIT RT OMICO CORP 0.315 0.38 0.38 0.38 0.38 0.38 50,000 19,000 PHIL ESTATES 0.41 0.42 0.41 0.415 0.41 0.415 300,000 123,750 2.27 2.38 2.27 2.27 2.27 2.27 38,000 86,260 PRIMEX CORP RL COMM RT 5.04 5.05 5.09 5.1 5.03 5.05 1,228,100 6,202,183 ROBINSONS LAND 15 15.16 15.28 15.5 14.88 15.16 1,528,400 23,202,680 1.26 1.3 1.3 1.31 1.3 1.3 818,000 1,063,500 ROCKWELL STA LUCIA LAND 2.96 3.01 2.99 3.01 2.99 3.01 28,000 84,190 SM PRIME HLDG 34 34.7 34 34.9 33.6 34.7 4,869,000 168,181,185 3.25 3.37 3.25 3.25 3.25 3.25 6,000 19,500 VISTAMALLS SUNTRUST RESORT 0.93 0.96 0.96 0.96 0.96 0.96 10,000 9,600 VISTA LAND 1.67 1.69 1.72 1.72 1.67 1.69 393,000 660,960 1.48 1.49 1.52 1.52 1.49 1.49 149,000 223,580 VISTAREIT RT SERVICES ABS CBN 8 8.1 7.8 8 7.79 8 81,100 643,460 GMA NETWORK 10.3 10.32 10.34 10.4 10.32 10.32 83,000 857,970 0.285 0.365 0.375 0.375 0.375 0.375 10,000 3,750 MANILA BULLETIN GLOBE TELECOM 2,270 2,274 2,300 2,300 2,254 2,270 40,555 92,122,070 PLDT 1,590 1,592 1,598 1,605 1,582 1,592 41,700 66,419,440 0.026 0.027 0.027 0.027 0.026 0.027 36,500,000 961,500 APOLLO GLOBAL CONVERGE 11.36 11.38 11.82 11.98 11.34 11.38 6,538,100 76,032,222 DFNN INC 3.09 3.18 3.1 3.21 2.95 3.18 4,186,000 12,640,530 2.78 2.8 2.78 2.85 2.78 2.78 1,540,000 4,306,130 DITO CME HLDG NOW CORP 0.87 0.88 0.89 0.89 0.87 0.87 282,000 247,190 TRANSPACIFIC BR 0.215 0.218 0.215 0.218 0.215 0.218 250,000 54,230 6.35 6.5 6.35 6.35 6.35 6.35 300 1,905 2GO GROUP ASIAN TERMINALS 12.92 13.88 12.92 13.88 12.9 13.88 6,000 77,958 CHELSEA 1.1 1.12 1.11 1.12 1.09 1.12 102,000 112,270 35.8 35.9 35.95 36.3 35.9 35.9 145,000 5,226,745 CEBU AIR INTL CONTAINER 185.7 186.8 187 189.8 184 186.8 1,975,170 368,355,111 MACROASIA 4.69 4.7 4.75 4.82 4.69 4.7 1,059,000 5,035,960 5.7 5.89 5.65 5.7 5.65 5.7 3,500 19,885 PAL HLDG HARBOR STAR 1.16 1.17 1.18 1.18 1.16 1.17 113,000 132,390 ACESITE HOTEL 1.4 1.61 1.61 1.61 1.61 1.61 1,000 1,610 6.5 6.95 7 7 6.98 6.98 2,700 18,868 CENTRO ESCOLAR IPEOPLE 5.7 6.85 6.85 6.85 6.85 6.85 400 2,740 STI HLDG 0.32 0.325 0.32 0.32 0.32 0.32 50,000 16,000 1.16 1.18 1.17 1.18 1.15 1.18 625,000 719,880 BELLE CORP BLOOMBERRY 6.9 6.97 7.22 7.34 6.9 6.9 8,683,400 61,673,643 LEISURE AND RES 2.96 2.97 3 3.1 2.85 2.97 4,919,000 14,737,070 0.79 0.81 0.82 0.82 0.79 0.81 574,000 460,270 PH RESORTS GRP PREMIUM LEISURE 0.455 0.46 0.47 0.47 0.46 0.46 1,250,000 581,900 PHILWEB 2.75 2.78 2.82 2.82 2.75 2.78 272,000 755,120 0.241 0.242 0.25 0.255 0.241 0.241 11,950,000 2,922,510 ALLDAY ALLHOME 2.39 2.4 2.6 2.75 2.38 2.4 1,720,000 4,304,120 PUREGOLD 31.65 31.7 30.8 31.65 30.65 31.65 1,221,200 38,197,610 54 55.3 53.55 55.5 53.55 55.3 81,200 4,410,718.50 ROBINSONS RTL PHIL SEVEN CORP 66 69 68 69 68 69 13,420 925,699.50 SSI GROUP 1.37 1.38 1.37 1.38 1.36 1.37 573,000 784,060 30.2 30.7 30.1 31.5 30 30.7 2,598,800 79,811,210 WILCON DEPOT APC GROUP 0.188 0.205 0.208 0.208 0.207 0.207 20,000 4,150 EASYCALL 3.21 3.56 3.99 3.99 3.97 3.97 2,000 7,960 0.73 0.74 0.77 0.78 0.73 0.73 12,903,000 9,712,510 MEDILINES PRMIERE HORIZON 0.255 0.26 0.27 0.27 0.255 0.255 4,680,000 1,216,100 SBS PHIL CORP 3.55 3.58 3.58 3.58 3.58 3.58 1,000 3,580 MINING & OIL ATOK 7.5 7.76 7.79 7.79 7.5 7.5 6,100 47,472 1.49 1.5 1.56 1.57 1.5 1.5 2,216,000 3,369,950 APEX MINING ATLAS MINING 3.34 3.35 3.5 3.5 3.33 3.35 163,000 545,860 BENGUET A 4.15 4.2 4.19 4.19 4.19 4.19 3,000 12,570 4.07 4.2 4.2 4.2 4.2 4.2 5,000 21,000 BENGUET B CENTURY PEAK 2.55 2.68 2.68 2.7 2.68 2.7 25,000 67,100 FERRONICKEL 2.19 2.22 2.2 2.22 2.17 2.22 739,000 1,623,840 0.179 0.184 0.179 0.183 0.179 0.183 290,000 52,730 GEOGRACE LEPANTO A 0.106 0.108 0.106 0.106 0.105 0.106 460,000 48,510 MARCVENTURES 1.3 1.31 1.3 1.3 1.28 1.3 1,020,000 1,316,160 0.8 0.86 0.8 0.8 0.8 0.8 50,000 40,000 NIHAO NICKEL ASIA 5.18 5.22 5.2 5.28 5.17 5.18 2,225,100 11,575,473 ORNTL PENINSULA 0.67 0.7 0.67 0.67 0.67 0.67 22,000 14,740 2.29 2.31 2.33 2.33 2.29 2.31 592,000 1,365,870 PX MINING SEMIRARA MINING 31.5 31.65 33.05 33.95 31.5 31.5 8,161,100 263,380,360 ACE ENEXOR 12.8 12.82 12.8 13.28 12.8 12.82 10,500 136,744 0.01 0.011 0.01 0.01 0.01 0.01 2,100,000 21,000 ORNTL PETROL A PHILODRILL 0.0091 0.0093 0.0091 0.0091 0.0091 0.0091 13,000,000 118,300 PXP ENERGY 5.86 5.9 6.14 6.14 5.9 5.96 144,000 861,914 PREFFERED AC PREF B1 487 490 490 490 490 490 200 98,000 ALCO PREF D 479 499 499 499 499 499 10 4,990 493 499 493 494 493 493 13,100 6,458,400 AC PREF B2R DD PREF 94.05 94.95 95 95 94.05 94.9 740 70,227.50 EEI PREF B 102.2 103 103 103 103 103 150 15,450 960 980 994.5 994.5 950 980 840 817,780 GTCAP PREF B JFC PREF B 895 929.5 898.5 898.5 898 898 1,000 898,050 PNX PREF 3B 85.3 87.85 87.95 88 85.15 87.8 1,400 122,921.50 690 719 697 728.5 690 719 1,310 918,215 PNX PREF 4 PCOR PREF 3A 982 1,000 1,000 1,000 1,000 1,000 100 100,000 PCOR PREF 3B 1,004 1,010 1,006 1,006 1,003 1,003 1,000 1,003,020 74.3 75 74.75 74.9 74.3 74.3 57,400 4,271,519 SMC PREF 2F SMC PREF 2H 74.05 75.5 75.5 75.5 75.5 75.5 200 15,100 SMC PREF 2I 73.65 75 73.6 73.6 73.6 73.6 10,000 736,000 70.05 72.4 70 72.35 70 70.05 38,190 2,673,785 SMC PREF 2J SMC PREF 2K 70.05 71.45 71.2 71.2 71 71.2 1,100 78,255 TECH PREF B2D 51.6 53 53 53 53 53 160 8,480 PHIL. DEPOSITARY RECEIPTS ABS HLDG PDR 7.2 8.6 GMA HLDG PDR 9.9 10.6 WARRANTS TECH WARRANT 0.55 0.56 0.53 0.55 0.52 0.55 417,000 220,150

3,371,330 -3,302,490 -2,400,345.50 -1,558,937 -1,155,820 -9,683,867 5,065,026 17,198,645 -2,734,729 -37,153,610 24,440,265 344,424.50 -29,200,120 -276,300 2,240 -1,141,785 34,500 54,880 -138,696 87,350 244,239 -86,230 17,850 -8,101,770.00 -1,964,262 11,400 2,270 -4,720,432.00 -6,126,780 13,100 47,335,690.00 131,610 74,800 5,916,260 17,971,865 -10,426,752 46,300 -572,030 -45,760 5,700 -35,958,893 -2,365,360 7,345 -8,140.00 -5,100,883 772,140 19,900 23,250 36,260 -1,567,380 8,806,900 2,067,235.50 -925,699.50 -458,950 -17,852,720 -189,100 -33,600 67,100 -309,900 1,300 2,300,681.00 4,870 -31,616,250 -252 7,148 9,500 7,235.00 56,920 -

SMALL & MEDIUM ENTERPRISES BALAI FRUITAS CTS GLOBAL HAUS TALK ITALPINAS MERRYMART XURPAS

0.64 0.85 0.88 0.72 1.17 0.255

0.65 0.87 0.91 0.73 1.19 0.27

EXHANGE TRADE FUNDS FIRST METRO ETF

96.5

0.67 0.85 0.91 0.74 1.16 0.27

0.68 0.87 0.91 0.74 1.19 0.27

0.64 0.85 0.91 0.73 1.15 0.27

0.65 0.87 0.91 0.73 1.19 0.27

4,514,000 537,000 40,000 153,000 760,000 20,000

2,923,770 461,580 36,400 111,900 896,110 5,400

-38,400 -66,850 16,060 -15,040 -

95.95 97.2 95.95 97 6,800 657,583.50 266,535

www.businessmirror.com.ph

Entrepreneur

Zark Varona: The rise of Manila’s burger baron By Rizal Raoul S. Reyes @brownindio Contributor

T 23 years old, Rolandrei Viktor “Zark” Varona opened Zark’s Burgers in 2009—pouring his hard-earned money from working overseas in the kitchen of a cruise ship—to open his dream restaurant at a modest 15-seater space along a university avenue in Manila. Equally important while working on board the ship was his objective to get a hands-on learning on industrial systems, which he knew very well he needed to realize his dream. “It was my dream to open my own restaurant when I was in high school. At that time, I was inspired by the success of the LJC group. Since I grew up in the Malate area, I was quite familiar with the brand,” Varona told the BusinessMirror in a recent interview. The dream started when he enrolled at the Philippine Women’s University to pursue a degree in hotel and restaurant management. After graduating at 19 years old, he found work at the Outback Restaurant. He found the working stint at Outback very fruitful as he was able to learn the ropes on how to build his dream project. With solid training from the Bistro Group of Companies, he was “lured” by a cruise ship to work as a chef in the US. At 21, he had the opportunity to observe all the concepts and trends in the different parts of the country. After his working stint in the US, he returned to the Philippines and started to implement his roadmap of putting up his own restaurant. Varona’s initial step to becoming a restaurateur was acquiring a noodle house franchise fizzled out because of the seasonal demand of the offering as it was only strong during the “ber” months. The concept behind Zark’s Burgers came when he was strolling on Taft Avenue across De La Salle University-Manila looking for ways to rebound from the first unsuccessful endeavor. While walking along the area, he observed there were no other burger restaurants offering casual dining. The only burger joints present in the area were the main fast-food giants operating on a national scale. He saw a window of opportunity and decided to open his own casual dining burger restaurant. Varona brought in his creative cooking skills that gave birth to Zark’s Burgers, a new choice of burger sandwiches that wasn’t fast-food nor pricey gourmet, but fresh, huge, and great-tasting and for price points that were saleable and accessible. He pictured a casual dining burger joint, which he noticed was lacking in the market. “We positioned Zark’s Burgers as a B-C market brand,” Varona said. Before the plan to put up Zark’s Burger got off the ground, Varona recalled he had to borrow additional capital from his mother, journalist Inday Espina Varona, to replenish his capital. “My mother gave me an all-out support by lending me money as capital,” Varona said. After five months, he was able to pay his loan from his mother. The first branch was a success as word got around as students and enthusiasts alike were soon flocking to the site to get a taste of the new burger-dining restaurant offering a new take on burger sandwiches, and for affordable prices. It was a one-man show for Varona with him working as cook, manager, and HR, and everything in-between, until its 7th outlet in 2012. At this point, Varona realized it was a challenge to manage a multibranch operation. As a self-taught entrepreneur and manager, Varona thought it was high time to acquire professional help to expand fur-

BusinessMirror

Pinoy MSMEs shine in ’22 Asean Business Awards By Roderick L. Abad

@rodrik_28

Contributor

HREE Filipino-owned enterprises bested their contemporaries from other membercountries of Asean for their exemplary businesses in their respective fields.

Varona

ther and scale up. He invited his former colleagues in the industry and asked them if they could help him manage and professionalize the whole system. With a team ready to support him towards the company’s growth, Varona was able to expand as Zark’s company-owned outlets number 20, while franchise-owned outlets are at 40 today, while four more are set to open within the year. Zarks’s started franchising in 2018 and many expressed interest to get their own franchise of Zark’s. But Varona remains cautious since franchising is not the main motivation. “The main goal is to build the brand. When we reached 20 stores that was the time we opened it for franchising where the system was solid where the logistics and commissary were in place,” Varona said. “We are not a fly by night casual dining franchise. We learn from other’s mistakes, while we study and emulate the best practices of the established restaurant groups,” Varona added. During the pandemic, Varona pointed out that food delivery was not the main challenge for Zark’s, but rather to remain a standout in face of competition. So bu si ness cont i nued to flourish as Varona was able to open four more company-owned stores. “We’re also taking this opportunity to scale up and get more attractive locations. As an entrepreneur, you still need to look for new opportunities despite the crisis,” he said. In only 10 years, from its 2009 average daily sales of P20,000 with Zark’s hands-on operations backed up by two assistants, Varona has grown the business to reach P650 million in system-wide sales in 2019, with earnings before interest, taxes, depreciation and amortization (EBITDA) of P42 million. His move to re-strategize during the pandemic defied all odds and resulted in positive bottom lines, with EBITDA of P15 million. Overcoming the difficult pandemic years only boosted his team’s morale. As of today, only three of all the stores have not gone back 100 percent to their pandemic sales. The business is on target this year at P850 million in system-wide sales, with EBITDA of P70 million Varona has been recognized for his early endeavors and has received quite a number of awards and citations. Further, he is an Endeavor Entrepreneur, a global ecosystem of entrepreneurs, founders, and CEOs that help one another to scale up. He received his mentorship in scaling up and was awarded a Harvard scholarship on the university’s scaling-up entrepreneurship program in 2019 just before the pandemic hit. He executed the learning he received here when business was rendered difficult by the global health crisis.

Editor: Vittorio V. Vitug • Wednesday, November 9, 2022 B3

The Asean Business Advisory Council (BAC) conferred the top accolades to the Philippines’s micro, small and medium enterprises (MSMEs) Home Healthlink, FELTA Multimedia Inc. and Esquire Financing. Grand prizes in the SME Priority Sector were claimed by the first two businesses, while the latter brought home a special award for its role in MSME financing. Other winning MSMEs were from Cambodia, Myanmar, Indonesia, Malaysia, Thailand, Brunei Darussalam and Singapore. The annual Asean Business Awards honors outstanding and successful enterprises in the region that contribute to its economic growth and prosperity. Asean BAC Chairman for the Philippines and Go Negosyo Founder Joey Concepcion lauded them for their victory that shows the inno-

vation and passion of homegrown MSMEs. “There are 71 million MSMEs in the Asean region, accounting for almost all of the total establishments. In the Philippines, these small entrepreneurs also account for a large majority of the total enterprises,” he said. “Considering their important role in job generation and in our collective economic recovery, we must continue to support them,” he added.

Inspired by their triumph

THE winners could not contain their happiness upon receiving the good news shared to them by the country’s entrepreneurial czar. “Receiving the Asean Business Awards 2022 for SME Innovation is a validation of our emphasis on science, technology and innovation as a critical enabler for sustainable

development, particularly on economic growth, social development, human resource capital, technology-driven jobs revolution and environmental sustainability in Asean,” said Mylene Abiva, president and chief executive officer (CEO) of FELTA Multi-Media. The company has pioneered robotics technology education in the Philippines. It has introduced new teaching methods, tools and curriculum in both public and private schools. Driven by its recent win, Home Healthlink will keep on providing home health care, including transitional, intermediate, health rehabilitation, wellness, standalone, and palliative care for house-bound Filipino patients. “Receiving this award has only given us more drive and inspiration to continue fulfilling our mission… of providing safe, convenient, responsive, cost-effective, and caring hospital-grade medical services from the comforts of one’s own home,” noted CEO Dr. Sheila Acosta. Sharing the same sentiment with Home Healthlink, Special Award winner Esquire Financing now has more reasons to keep on providing access to funding for MSMEs to spur their future growth. The company brought collateralfree loans for small businesses nationwide. Even during the pandemic,

it continued lending to enterprises, and has vowed to partner with the national government to help businesses recover. Esquire also operates a non-profit microfinancing arm, Help Foundation.

Other regional initiatives

THE Asean Business Awards pushes key industries that bring the region to the world’s economy. It encourages regional cohesiveness and global competitiveness. This recognition is just one of the many initiatives organized by the Asean BAC. According to Concepcion, the legacy project of his chairmanship of the regional organization—the Asean Mentorship for Entrepreneurs Network (AMEN)—continues to be actively expanded and sustained across the region. A MEN i s a publ ic- pr ivate partnership platform aimed at supporting regional MSMEs via mentorship and training based on modules used by the Go Negosyo program Kapatid Mentor Microenterprises, which it conducts alongside the Department of Trade and Industry. Phase 1 of AMEN has been piloted in Indonesia, Malaysia and the Philippines. Set to be implemented in the whole region is Phase 2 with the support of the Japan-Asean Integration Fund, which funded AMEN for a second time.

Sarabia affirms eye-care legacy with launch of new store

AMILY-OWNED enterprise Sarabia Optical has continued its vision care heritage as it launched a new brand catering to Filipino households who are in need of eyewear products and services suitable for their lifestyle. Called Blink, Sarabia Family Optical, it recently opened a brickand-mortar store at SM Megamall in Mandaluyong City. This was timely as families have frequented again retail establishments in the country with the reopening of the economy amid the relaxed Covid-19 protocols. This family concept optical shop is equipped with advanced technology, mainly to improve vision of people for as young as six years old to seniors aged 65 and above. Unlike other ordinary optical stores, it is designed to have playful accommodation area for parents and interactive section where children can play. Blink offers a complete eyewear package, starting at P1,285. Also, it carries premium brands, such as

BLINK, Sarabia Family Optical opens a flagship store at SM Megamall in Mandaluyong City. Leading the ceremonial ribbon cutting are (from left) Sarabia Optical President Jose Paolo Sarabia, SM Megamall Leasing Manager Madeleine Del Rosario, Sarabia Optical Retail Director Ritchie Sarabia, Sarabia Optical Managing Optometrist Dr. Socorro Sarabia, and Katrina Sarabia. Contributed photo

Timberland, Jill Stuart, Nike and nifty accessories from Baby Bug managed by Dr. Francesca Ong. The company has launched a

product from Essilor, one of the largest retailer of the world’s leading ophthalmic products. Called the new Crizal Range, it is composed of

Crizal Sapphire HR, Crizal Rock, and Crizal Easy Pro. This highly innovative lens guarantees transparency to deflect harmful lights and avoid glare. It also defies smudges and scratches. What’s more, it’s super durable compared to other lenses. Aside from frame and lenses, Blink also has contact lenses from global eye care firm Alcon, providing Freshlook, Air Optix, and Dailies— all giving more moisture to the eyes to prevent dryness while wearing the products. Blink is managed by Sarabia Optical’s top executives: Jose Paolo Sarabia, president; Ritchie Sarabia, retail director; and Dr. Socorro Sarabia, managing optometrist. According to the family that has pioneered the eye care business in the country for over a century, it is the passion of their enterprise to give overall quality products and services to families at a price they can afford. Roderick L. Abad

Phoenix at 20: An enterprise for other businesses

hoenix Petroleum Philippines, Inc. is unstoppable at 20. This year marks the celebration of Phoenix’s two decades of existence and milestone as one of the biggest key players in empowering the lives and businesses of people. At the height of the pandemic, Phoenix further recognized Filipino leadership and resiliency through its annual business conference and recognition program, Digital National Convention. For the last two editions, the event was done through an all-digital live-streaming platform gathering Phoenix brand partners, dealers, distributors, suppliers, and franchise owners across the country. We had the opportunity to interview some of the winners of Phoenix’s second Digital National Convention, where they shared their backgrounds, careers, and business success stories. Here’s what married couple Jackson and Beth Ong have to say about their partnership journey with Phoenix. They say two is better than one, and this married couple proves it. Jackson and Beth Ong own and operate Prospernity Global Petroleum Inc. (PGPI), an authorized distributor of

Phoenix Lubricants (e.g., engine oils, lubricants, and greases) in many areas in South National Capital Region and Cavite. This year, they also added Phoenix LPG to their wide range of services and products. What’s interesting about PGPI and Phoenix’s partnership was that it was totally incidental. According to Beth, she and Jackson were looking for a business to build because they were about to get married, and had a daughter to raise. Fortunately, they were already eyeing a gasoline station when they passed C5 road. There, the opportunity knocked after seeing a tarpaulin advertisement for a Phoenix Fuel Gas Station open for dealerships. But when they found that it was no longer available, they received an alternative offer, the LPG business. “So we looked into it, and we said okay, and that we can work on this. And the area that was open was in Mandaluyong,” Beth recalled. After presenting an offer, the Ongs got the Phoenix dealership. PGPI’s LPG business became operational in June 2020. Beth and Jackson’s business story really shows that they are a power couple. But if the couple has any special mention,

Jackson and Beth Ong, owners of PGPI another person they would like to thank is Ryan Pascual, the Senior Account Manager (SAM) and Luzon Lead in Phoenix. Two months after the grand opening, the Ongs met Ryan as one of their customers. Their acquaintance paved the way for the couple to have an additional business through a distributorship of lubricants. After thoroughly studying everything, they locked down the dealership for the said areas. Then, as they say, the rest was history. And because of their success in the Phoenix distributorship, Phoenix recognized them at the Digital

NatCon as “Distributor of the Year for Lubricants Business.” PGPI celebrates its success with Phoenix. The Ongs shared at the Digital Natcon how grateful they are to partner with Phoenix, promising to continue doing better in the upcoming years, as well as keep growing with Phoenix. Fuel may be Phoenix’s core business, but its passion blazes in becoming an indispensable partner in the lives of everyone it touches. This strategic, meaningful approach shows what they are really after: to empower people.

Banking&Finance BusinessMirror

Wednesday, November 9, 2022 • Editor: Dennis D. Estopace

www.news.businessmirror@gmail.com

BTr fails to raise ₧35B in T-bond sale

By Cai U. Ordinario

@caiordinario

HE Philippines only raised P30.64 billion from its latest bond offering, according to the Bureau of the Treasury (BTr). The 20-year bonds, which have a remaining life of 4 years and 10 months, initially intended to fetch P35 billion for the government. National Treasurer Rosalia V. De Leon said the partial award reflected

investors’ expectations that monetary authorities would decide in step with a hawkish US Federal Reserve. “Average rate is still within secondary level with modest premium to account for illiquidity premium

and expectation for point-by-point match rate hike by BSP [Bangko Sentral ng Pilipinas] with that of Fed,” De Leon said. “[It can be noted that] inflation has yet to peak with added pressure from supply constraints due to past typhoon damages.” The bonds fetched an average annual interest rate of 7.131 percent while the low interest rate was at 6.8 percent while the high was pegged at 7.5 percent. The BTr received tenders of P41.6 billion for the bonds and rejected P10.96 billion. Last week, BSP Governor Felipe

M. Medalla said that in light of the 75 basis points (bps) increase in US interest rates, the Monetary Board (MB) will match the Fed’s policy action in the MB’s upcoming policy rate setting on November 17. (Full story: https://businessmirror.com. ph/2022/11/03/bsp-to-increaseinterest-rates-by-75bps/) Socioeconomic Planning Secretary Arsenio M. Balisacan told the BusinessMirror that the MB’s action is necessary because not responding to the rate hike of the US Federal Reserve would be even more detrimental to the Philippine economy.

How to raise money to address biodiversity? Environmental advocates to find strategies By Jonathan L. Mayuga @jonlmayuga

LOBAL financing experts and environmental advocates on Monday began sharing funding strategies as part of a 3-day regional dialogue to promote sustainable financing for biodiversity in Europe and Asia. Over 70 environmentalists from Europe and Asia flew in to Pasay City to participate in the conference organized by the United Nations Development Programme Biodiversity Finance Initiative (Undp-Biofin). The conference aims to generate awareness about financing needs to protect and conserve some of the world’s most renowned protected areas and the endangered species that thrive therein. “Biodiversity finance helps raise and manage funds for sustainable biodiversity management. The wealth of our participants’ experiences presents tested fundraising solutions for the post-Covid world,” Biofin Global Manager Onno van den Heuvel explained during his brief talk, providing participants with the global update on biodiversity finance. “For every $1 billion in biodiversity investments, the total number of threatened plant and animal species is reduced by 0.57 percent, proving that biodiversity finance staves off extinction,” van den Heuvel said. “However, just 0.19 percent of the world’s cumulative GDP has been allotted for biodiversity.” In a news release, organizers of the event said millions of people across the globe are dependent on natural systems like forests, rivers and oceans for their survival and well-being. Forty percent of all Filipinos for instance, rely on nature for food, water, medicine, shelter and livelihood. “We have a once-in-a-generation opportunity to save our planet,” UNDP Resident Representative Selva Ramachandran said. “We hope the dialogue will influence and guide global fora and environmental fundraising programmes in the future.” Sessions were live-streamed over Zoom and covered results-based budgeting, public-private finance partnerships, nature financial disclosure, insurance and

compensation mechanisms, repurposing harmful subsidies, debt instruments, Islamic finance, park and protected area finance, crowdfunding and lotteries, carbon-based finance instruments and offsets, plus Covid-19 recovery strategies. Aside from discussing fundraising, participants were able to visit the verdant Mount Makiling Forest Reserve in Los Baños, Laguna.

Investments return

IN July 2020, Campaign for Nature released a groundbreaking report where over 100 economists and scientists found that investing in the protection of 30 percent of Earth’s habitats gives a better than fivefold return in cumulative benefits. Globally, this can lead to $250 billion in increased yearly economic output, plus $350 billion in improved ecosystem services annually. For the Philippines, ecosystem services are valued at about P2.3 trillion, ranging from timber and fuelwood production to water provision, ecotourism, carbon sequestration, flood prevention and seafood production. The Philippine Biodiversity Strategy and Action Plan (PBSAP) aims to leverage and manage various economic incentives, policies and existing capital to sustainably conserve endangered wildlife and their habitats up to 2028. The PBSAP requires at least P24 billion yearly to cover the costs of park management, personnel, equipment, research, operations, plus other overheads. However, a baseline study conducted by the Department of Environment and Natural Resources Biodiversity Management Bureau (DENR-BMB) and Biofin found that in six years (from 2008 to 2013), the government allotted P5 billion—a mere 0.31 percent of the national budget—for biodiversity initiatives. This means Philippine biodiversity projects are only 20-percent funded, with creative solutions needed to bridge the 80 percent financing gap. Despite the immense economic contribution of fisheries, agriculture and ecotourism to the country’s GDP, less than 1 percent of the country’s national budget has traditionally been allotted for

the protection and conservation of natural systems like forests and coral reefs.

Financing conservation

LAUNCHED a decade ago, Biofin is a global initiative to help countries develop fundraising solutions to sustainably manage their respective ecosystems at the national level. Since 2012, Biofin has developed a 41-nation network covering some of the richest yet most threatened wildlife habitats across Africa, Europe, South America and the Asia Pacific. In South America’s Costa Rica, Biofin, the National Bank of Costa Rica and the National System of Conservation Areas are working together to enhance protected area entry fees to someday buy privately-owned land inside Costa Rica’s protected areas system. A crowdfunding initiative spearheaded by Costa Rican Vice-president Rica Epsy Campbell Barr successfully raised $1.7 million. In Africa’s Zambia, Biofin is working with numerous partners to develop green bonds for investors to directly fund African biodiversity conservation, with the goal of raising $400 million in green bond issuances by 2030. Biofin has been implementing biodiversity finance solutions in the Philippines since 2014. Its largest initiatives include fundraising P580 million for 107 legislated Protected Areas by pushing for increased congressional financing, fundraising P17 million for terrestrial reforestation through the Mynt and GCash GForest Programme, fundraising P1.6 million for Together for Tamaraws to help communities in Mindoro Occidental affected by the Covid-19 pandemic, plus the Year of the Protected Areas an ongoing campaign to convince Pinoys to responsibly visit the country’s 247 protected areas. “Biodiversity investments give excellent economic and holistic returns. As the planet slowly recovers from the global Covid-19 pandemic, we should re-invest in the protection of the natural systems that give us food, water, clean air and medicine. We need to make our planet livable again,” DENR Biodiversity Management Bureau Director Natividad Y. Bernardino said.

Meanwhile, expensive food items pushed the country’s inflation to its highest level since the rice price crisis 14 years ago and may continue doing so this month, according to the Philippine Statistics Authority (PSA). PSA data showed inf lation reached 7.7 percent in October, the highest since December 2008 when inflation hit 7.8 percent, which also coincided with the onset of the Global Financial Crisis. (Full story: https://businessmirror. com.ph/2022/11/04/food-prices-main-driver-of-october-inflation-of-7-7-a-14-year-high/)

Changing world order “All great changes are preceded by chaos.” —Deepak Chopra

HE past months Finex free and those to come enterprise must be a long, agonizing period for most Conchita L. Manabat of global economic leaders including our own. Complications brought about by the pandemic, the Ukraine war, geo-political concerns, climate change, seeming untamed inflation, recession and more bring the world in the midst of chaos. In a recent webinar (part of the Deloitte Global Board Program) featuring the topic, “Geopolitics: Company Challenges in a Fragmenting World,” Gen. David H. Petraeus, retired Director of the US Central Intelligence Agency (CIA), spoke about a shift he observed in the past decade. He cited the transition from a world where economics largely determined geopolitics to an era of renewed great power rivalries, where geopolitics is determining economics. As a consequence, the corporate world is also constrained in many respects. He pointed out that companies should be sensitive to geopolitical risks and they should be set up to consider the changing world order. (Petraeus discussed other matters.) In the same forum, David Miliband (president and CEO of the International Rescue Committee and former Foreign Secretary of the United Kingdom) referring to corporate boards, forwarded that a wide range of global risks—health risks, cyber risks, climate risks and the nuclear threat—are increasingly being added to the board agenda. He commented how the geopolitical order and the old approach to globalization are both challenged and how they are interacting with each other. He sees the globalization of risk (health, commodities, security, for example) and the nationalization of resilience—a kind of “anvil” on which boards are caught at the moment. He also pointed to a more united Europe as a consequence of the conflict in Ukraine and discussed the vital importance of global structures such as the United Nations. One cannot help but discern how countries and the corporate world will navigate the turbulence in the landscape beset with many risks and likely scenarios to contend with. By now, most corporations must have completed their plans for the coming year and beyond. What could be their parameters in preparing their plans? Are all significant risks taken into account? What level of confidence can one attribute to the plans? Uncertainty is a key term to keep in mind. Nobody can claim having control over the situation. Que sera, sera?

Conchita L. Manabat is the president of the Development Center for Finance. A past president of the Financial Executives of the Philippines and past chairman of the International Association of Financial Executives Institutes, she serves as the chairman of the IAFEI Advisory Council. She is a member of the Consultative Advisory Groups of the International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants.

BSP issues standard loan filing by MSMEs

HE Bangko Sentral ng Pilipinas (BSP) has now standardized and streamlined the business loan application form to allow micro-size, small-scale and medium-scale enterprise (MSME) greater access to funding. BSP Circular 1156 provides a borrower-centric Standard Business Loan Application Form (SBLAF) that makes the MSME loan application process more transparent and efficient. “The SBLAF is, likewise, expected to help MSME borrowers better familiarize themselves with the loan process and find formal loan applications less intimidating,” BSP said. For BSP-supervised financial institutions (BSFIs), the SBLAF can facilitate faster loan processing and the use of digital loan application platforms. For credit registries, the SBLAF can support data requirements for efficient and effective credit information services. The introduction of an SBLAF for MSMEs was one of the initiatives identified by the MSME Development Council-Access to Finance Cluster where BSP serves as a member. Other members include representatives from: the Small Business Corp.; LandBank of the Philippines; Development Bank of the Philippines; Credit Information Corp.; banking sector; and, a nongovernment organization for microfinance. The SBLAF templates were developed in close coordination with the technical working group composed of key stakeholders in MSME finance from banking associations and government agencies, the central bank statement read. These associations and agencies are: Bankers Association of the Philippines; Cooperative Banks Federation of the Philippines; Chamber of Thrift Banks; and, the Rural Bankers Association of the Philippines. Also included in the list are the following: Credit Information Corp.; the Department of Trade and Industry’s Small Business Group and Bureau of Small and Medium Enterprises; Philippine Guarantee Corp.; and, the BSP. The mandatory adoption of the SBLAF is now in effect. Covered entities are given 18 months from said effectiveness date to fully comply with SBLAF requirements. The BSP continues to promote financial inclusion by widening the access of MSMEs to financial products and promoting a regulatory environment that is responsive to their needs. Cai U. Ordinario

LandBank forum underscores govt support for agrarian reform beneficiaries

HE Land Bank of the Philippines (LandBank) gathered small-scale farmers and fishermen, agrarian reform beneficiaries (ARBs) and their organizations to discuss the National Government’s development plan towards building sustainable and resilient agrarian reform communities. Department of Agrarian Reform (DAR) Bureau of Agrarian Reform Beneficiaries Development (BARBD) Director Ronald M. Gareza and LandBank Program Management Department I Head, Assistant Vice President Edgardo S. Luzano led the discussions during the fourth run of the LandBank AgriSenso Virtual Forum last October 24. They were joined by agriculture partners and loan availers, namely Mauanan Baluncanag Gaddangao Farmers Irrigators Credit Cooperative Treasurer Sharon B. Eugenio, Southern Isabela ARB Charibel Francesca and Batangas Egg Producers Multi-Purpose Cooperative Director Cecille A. Virtucio, who shared how LandBank and DAR have assisted to enhance their productivity and income. Gareza discussed the various interventions that DAR has been carrying out to help

address the challenges facing ARBs in land tenure and disputes. He also underscored the importance of support services, including capacity development and credit and marketing assistance, to support and ease the burden of ARBs. Meanwhile, AVP Luzano, together with Program Officers Glecy Angeles and Crisso Pernito, presented the features of the various credit programs being offered by LandBank for ARBs and their organizations.

Accessible financing

LandBank said in a statement it released that the lender and the DAR “have been working closely to extend affordable financing and support services for ARBs and their organizations.” LandBank said it provides direct credit assistance to individual ARBs who are not yet members of agrarian reform beneficiary organizations, or “ARBOs.” The loans can be used for the production of rice, corn and high-value crops and acquisition of small farm implements, such as hand tractors and power tillers. The bank said it has released a total of P506.1 million to 2,200 borrowers under the

This October 24, 2022, photo courtesy of the Land Bank of the Philippines shows (clockwise from upper left) Department of Agrarian Reform Bureau of Agrarian Reform Beneficiaries Development Director Ronald M. Gareza and LandBank Program Management Department I Head, Assistant Vice President Edgardo S. Luzano leading the fourth run of the LandBank “AgriSenso Virtual Forum.” Joining them are Mauanan Baluncanag Gaddangao Farmers Irrigators Credit Cooperative Treasurer Sharon B. Eugenio, Southern Isabela ARB Charibel Francesca and Batangas Egg Producers Multi-Purpose Cooperative Director Cecille A. Virtucio. Photo courtesy of the Land Bank of the Philippines

program as of September 30. LandBank said another lending program is designed for ARBOs that are not yet quali-

fied to borrow under the regular lending window of the Bank. The program provides credit assistance

and support services to ARBs through their respective organizations for crop production, agri-enterprise or livelihood and other agrirelated projects. Another lending program is designed to assist ARBOs whose members were adversely affected by natural calamities or disasters, pests and diseases and other viral infections or outbreaks. LandBank said that as of September, combined releases under these two latter programs have reached P736.4 million, benefitting 219 ARBOs with more than 11,000 ARBs and small farm holder-members nationwide. A fourth lending program allows qualified ARBOs to avail of credit assistance to purchase orders or contract receivables from government agencies for the provision of needed food items. The program supports the government’s efforts to address hunger, poverty, food security and nutrition, through community participation in government contracts. LandBank said total loan releases under this fourth lending program have reached P9.6 million to seven agri suppliers as of September.

Image BusinessMirror

www.businessmirror.com.ph

Editor: Gerard S. Ramos

• Wednesday, November 9, 2022

PHOTO BY HEADWAY ON UNSPLASH

PHOTO BY NATHAN DUMLAO ON UNSPLASH

What drives an entrepreneur to start a business?

THE rise of e-commerce platforms in recent years has made it easier for Filipinos across the country to start their own online businesses. Apart from generating income, there are multiple factors—both personal and external—that inspire a person to start their own business. With this increasing interest, what are the motivations that drive someone to become an entrepreneur? For overseas Filipino workers like Donald, becoming an entrepreneur meant being able to spend more time with his family. Prior to becoming an entrepreneur, Donald worked in the UAE hotel industry. Although he was able to provide for his family, being away limited him from celebrating special occasions and milestones, so he decided to go home in 2019. When he got back to the Philippines, he made a living out of selling hotel-grade curtains and bedsheets to leverage his hotel industry experience. Initially, he marketed his products through door-to-door sales, but since he was away from his family for a long time, he wanted to spend more time at home. This is why he decided to start selling online. Donald set up a shop on Shopee (available as a free download on the Apple App Store or Google Play Store) to expand his reach to a nationwide audience and boost his sales, all from the comfort of his own home. Today, he has over 100 employees helping him run his online store, and is now able to spend more time with his family. “When I was away, I was never able to celebrate holidays with my family. I took the leap to go home and start my own business—which has changed my life for the better,” shared Donald. “Because I started selling online, time with my family is now a luxury I can enjoy since I can run my business from home. I’ve learned a lot from my journey as an entrepreneur, but I know that business is always changing. I need to adapt, change and innovate, and Shopee makes it easier for me to do that with new features, tools and online courses that I can access from my home.” Meanwhile, for hobbyists like Heron, starting his own business enabled him to build relationships with his customers, and even foster a sense of community with those who share the same interests as him. Before becoming an entrepreneur, he was already an avid collector of imported action figures. When he chose to sell some items from his personal collection, Heron realized he could make a business out of his hobby. With his knowledge on the niche market of collecting action figures, Heron successfully set up his own store. Although he initially started out with a traditional brick and mortar store, he eventually transitioned to e-commerce and sold collector’s items on Shopee. With the e-commerce platform, he was able to grow a customer base who have the same interests and hobbies. He maximizes the platform’s features to directly communicate with his buyers, and build affinity for his business. “I never expected that my hobby would turn into my full-time job. When I needed to sell some of my items to build my savings, it felt like a happy accident that there were many people like me who share the same interests and are interested in buying my action figures,” shared Heron. “When I joined Shopee, it helped me take my business even further because it became easier to track my stocks, monitor sales, and reach new customers with the different in-app features. My relationship manager has also been a big help in guiding me every step of the way. I didn’t know how to start, but it became a lot easier with Shopee. Everything just fell into the right place at the right time.” If there’s anything Donald and Heron’s stories have shown, it’s that becoming a successful entrepreneur is within arm’s reach. It takes drive, determination, and personal experience that spark a sense of entrepreneurship for one to take that leap and start their own business.

Communicating in all levels O

NE of the things people forget is that different levels of the organization require different ways of communicating. You cannot talk to your team in the same way you talk to your manager, or even to other departments in your organization. One of the pitfalls of new managers is thinking that they can talk to others in the same way they do to their colleagues. When you frequently talk to different people from all levels of the organization, you need to understand that who you talk to will significantly affect how you communicate. Communicating effectively to people in different levels of the organization begins with how you talk to yourself. Intrapersonal communication involves the way you process events that happen to you and the lenses you use to perceive others. This includes your biases and assumptions which you might not be aware of and could hinder you from communicating properly to other people. To be mindful of these filters, you need to take the time to reflect. A journal where you can write points for improving how you communicate might help. Self-reflection helped one of my former colleagues with the way he handled a member of his team. He was new to the group, and he dealt with the office administrator regularly. There were so many times he would get frustrated because the office administrator did not do her job to the point that he would just do it himself. It turned out he expected her to act the same way as his previous office administrator. When I

asked him if he sat down with her to set expectations, that was the only time he thought of the situation. If he had taken the time to reflect on his actions sooner, he would have thought of it even without my help. Once you have identified your biases and assumptions, it becomes easier to formulate your message to be easily understood. A common pitfall of leaders is to repeat their instructions when they are not understood. Often, you need to modify the way you communicate because messages are understood differently by different people because of their own biases and assumptions. Effective interpersonal communication happens only when your message is understood by another person as you intended it to be understood. If they did not get it, try another method. To do this, you need to understand where another person is coming from and how their experiences have influenced the way they receive messages. I had a former colleague who was supervising a new team member and they were not getting along well. One time, he was giving instructions to her and all the while, she kept frowning and sighing. She did the revisions but later on asked me to be included in the review. After the review, I discovered that she wrote better than her supervisor and I discovered that she did corporate communications in her previous organization. I talked to her supervisor but he insisted on what he wanted. In the end, she asked to be transferred to another team. Understanding where people are coming from and knowing their strengths can help you position yourself better and find opportunities to maximize individual team members. The way you address individual team members will not be the same as when you address the whole team, nor other teams in the organization. Rather than look at individual perspectives, the challenge with a group is to ensure that they understand what you are communicating. You develop a certain familiarity when talking regularly to your own team. The challenge is when you have to meet with other groups, or when you do presentations for the entire organization. In these instances, the audience is the single

28th Deaf Festival celebrates creativity, achievements of the community THE 28th Deaf Festival, a month-long celebration of the accomplishments of the Deaf community, is currently on-going at the De La Salle-College of Saint Benilde (DLS-CSB) Taft Campus to commemorate Deaf Awareness Week, as declared through Proclamation No. 829 of the National Council on Disability Affairs. Established in November 1995 by the college’s Deaf students from the School of Deaf Education and Applied Studies (SDEAS), the fete has since become a tradition to promote awareness and appreciation of their unique identity and culture.

It likewise serves as a venue to enrich their knowledge, skills and creativity. The 28th Deaf Festival is ongoing until November 25, 2022. Themed “Defining Servant Leadership in Rebuilding,” this year’s event features a series of virtual and in-person activities. The affair was kicked off with a Mass and Opening Ceremony at the Taft Campus Chapel. The lineup includes an art exhibition that illustrates the inventiveness and individuality of Filipino Deaf artists. There are also bazaars of small local

businesses owned and managed by the Deaf to help raise funds for the scholars. Lectures, which features accomplished Deaf advocates, leaders, athletes and SDEAS alumni, will be conducted. Workshops on digital art as well as finance, accounting and insurance are to be administered to motivate and assist toward the professional life. For hearing participants, a Deaf awareness orientation program is scheduled to enable them to engage and empathize with the community. This is in conjunction with a webinar

on Filipino Sign Language (FSL) to equip themselves with the necessary knowledge to pursue it as a profession. The culminating cultural show, titled The Face Mask, will present diverse music and dance numbers which highlights performing arts as a universal language. The festival serves as a platform for the Deaf students to showcase their skills in storytelling through theatrical mime performances as well as their talent in singing as they immerse the audience into the sound of signs. More information is available at www.facebook.com/SDEASDeafFestival.

most significant factor in identifying the message and the manner it will be delivered. In a previous organization, we were looking for the best way to launch a web site for online courses and we invited several representatives from different departments so they could provide insights on what would work. The meetings helped us develop a plan and a list of materials for a roadshow. By consulting, we received immediate input on our plan but also got their buy-in as early as the planning stage. You also need to look at how other teams in the organization communicate with one another, and the acceptable mechanisms for communication. I have been to several organizations—from companies whose communication channels needed to be formal and documented, to companies that adopted an open-door policy where anyone in the organization could talk directly with the CEO. This is dictated by the culture of the organization and, to a degree, your organization’s industry. The sooner you discover the prescribed mode of communication, the easier it will be for you to coordinate with other teams. Part of understanding the communication style of your organization is identifying the culture and subcultures in the organization. This can be learned by observing attendees to cross-functional meetings and how they interact with one another. In a previous organization, the CEO would schedule a monthly townhall for managers and up. This updated us on critical issues that might prevent us from hitting our targets for the year. It was an effective way for us to develop a culture of accountability for what we contribute to the organization, and at the same time get in touch with other groups and know their challenges. This helped us appreciate their work and let others know what we contribute to the organization’s growth. Communication will always be the foundation of a harmonious relationship with others regardless of position. It starts from within and takes deliberate actions to nurture and expand. With good communication, you will reduce conflict and elevate your leadership skills. n

B6 Wednesday, November 9, 2022

LG Introduces Air Solution Maintenance Services at Seminar for Core B2B Clients

Oman Air Awarded 2023 Five-Star Major Airline rating by APEX in California, USA

MAN Air, the national airline of the Sultanate of Oman, has been awarded the 2023 Five-Star Major Airline rating by the Airline Passenger Experience Association (APEX). The award was announced last October 26, 2022 during the annual APEX/IFSA Expo in California, US. It is the third consecutive year that the airline has received the award, which measures customer feedback in a range of metrics including seat comfort, cabin service, inflight meals and inflight entertainment. Eng. Abdulaziz Al Raisi, Chief Executive Officer of Oman Air, said, “The airline industry continues to evolve and with it, guest expectations. At Oman Air, our vision has remained constant. We continue to work hard to elevate our guest experience with new innovations in aircraft design and a greater focus on wellbeing, while staying attuned to their needs and feedback. Our guests are the reason we do what

we do, and we are indebted to them for their support in making this achievement possible. This award is not just a win for us, but for all of Oman, building on our reputation as an allround ‘five-star’ destination.” The APEX Official Airline Ratings™ is the first airline rating program based solely on certified passenger feedback and insights gathered through TripIt® from Concur®, the world’s highest-rated travel-organising app. Using a five-star scale, nearly one million flights have been rated by passengers across more than 600 airlines from around the world and independently certified by a professional external auditing company. The award is the latest in a string of accolades Oman Air has received from APEX, including most recently the 2022 Passenger Choice Award® for Best Seat Comfort in the Middle East, as well as the Five-Star Major Airline rankings for 2022 and 2021.

Looking for Christmas gifts for family, friends? Check out products from Avon‘s one-stop shop

G Electronics held the “2022 LG Air Solution Maintenance Seminar” for core clients at Edsa Shangri-La, Manila, Philippines on October 6 to introduce its differentiated service competitiveness, maintenance, and repair services. LG Electronics engineers pay regular visits to the customers of LG system air conditioners to check and manage their operating status, improve their lifespan and performance, and increase their energy efficiency. The B2B customer care has incentivized customers to repurchase at a high rate. Peter Jang Woojong, managing director of Hi-M Solutek Philippines Inc. said, “Using our Total Maintenance Service, we can do remote monitoring and con-

trolling of all the LG Air-conditioning products. Providing value to customers through TMS has built trust with maintenance customers.” Laurence Buluran, Property Manager of Global One stated, “Originally, we asked for one year Preventive Maintenance Contract only. But since we are very satisfied with their service, I did the best that I can to have the service approved from one year to three years of preventive maintenance.” Randolf P. Alba, Mall Head of Vista Mall Bataan mentioned, “You must all know that the greatest fear of a mall manager is the air-conditioning problem. When I was new to Vistamall Bataan, our chiller problem was my headache

until I found out about Hi-M Solutek. Ever since we got them as our service provider for our chillers, I am relieved.” LG Electronics provides technical support for its maintenance service customers through Customer Information Center hotline 7902-5544. Its Real-time Care Service enables it to monitor the operating status of equipment remotely and detect faults in real time, even without or before a call from customers. In a move to respond to Voice of the Customer, LG plans to develop an upgradable control system and upgrade maintenance and repair service products. For more information, visit https:// www.lg.com/ph/business/about-lg-airsolution.

MPIF empowers Aeta community in Sapang Uwak with support for alternative livelihood

ETRO Pacific Investments Foundation Inc. (MPIF), the corporate social responsibility arm of leading infrastructure conglomerate Metro Pacific Investments Corporation (MPIC), distributed 50 bicycles to members of the Aeta Community in Sapang Uwak, Porac, Pampanga. Through a beneficiary partnership with Neo Zigma Cycle Corporation and Interval Gear Events Management (IGEM), MPIF mobilized the fifth leg of its Puhunang Pangkabuhayan program for alternative livelihood, with the help of the Pinatubo Eco-Adventure and Cultural Enclave Katutubong Anak ng Mount Pinatubo (PEACE KAMP) and Alagang Kapatid Foundation Inc. “We are extremely grateful that cycling events similarly organized by Neo Zigma, are able to elevate social consciousness specially for indigenous communities who have been part of our beneficiaries,” said MPIF President Melody del Rosario.

“We look forward to more meaningful collaborations which will expand our reach and augment our livelihood programs through MPIF’s Puhunang Pangkabuhayan.” PEACE KAMP, an independent, nonpartisan and non-profit organization, was created to address the lack of opportunity and poverty confronting the Aetas of Sapang Uwak, who like other rural communities, are impacted by the effects of and fallout from insurgency, volcano eruptions, and neglect. The organization has a primary goal to build capability by training and developing the Aetas to support indigenous skills for sustainable economic endeavors. With the goal of rehabilitation and resurgence in mind, MPIF developed Puhunang Pangkabuhayan to become a sustainable alternative livelihood program to benefit vulnerable sectors by providing the necessary tools to get them back on their feet.

This partnership between MPIF and PEACE KAMP was brought upon by a mutual belief that development and progress ensures that no one is left behind simply because of their circumstances – primarily those who are less fortunate, vulnerable, excluded and oppressed. “Our Aeta brethren have the potential to contribute to local economies but have merely lacked the avenues to channel their untapped capabilities,” said PEACE KAMP Community Relations Coordinator Patricia Mas. “Through the support of like-minded advocates like MPIF and their partners, we open a door for them to create even more value in our society.” Puhunang Pangkabuhayan in Sapang Uwak was made possible by MPIF’s beneficiary partnership with Neo Zigma Cycle Corporation and Interval Gear Events Management (IGEM), the organizers of the 1st Philippine Cycling Festival. The donation was equivalent to 20 percent of the generated cash sponsorship, registration fees, and ticket fees from the expo. Beyond bolstering the positive cycling culture in the country, the event also became a ground for all participants to invest in meaningful programs through MPIF. “We are blessed to have been able to tie together our passion for cycling with MPIF’s purpose to help create better lives for our countrymen,” says Neo Zigma Vice President Stephanie Sioco. “Our partnership gave a different kind of power to these bicycles, as they are now a means for this community to reach a better life.” As of June last year, Puhunang Pangkabuhayan has provided over 110 alternative livelihood tools such as bicycles, sewing & edging machines, pocket Wi-Fi units, and load retailer kits to areas in Batangas, Oriental Mindoro, Surigao del Norte, and Pangasinan.

ITH Christmas lists growing longer every year, it’s easier to just buy one generic item in bulk and hope that everyone likes the same thing. But the most thoughtful gifts are often tailored for the receiver. Fortunately, there’s a shop that can help you pick specific gifts for each person you love! Avonshop.ph offers a wide selection of gifts that you can grab, wrap, and send to just about everyone, from the homebodies to the aesthetic kweens. Know someone that smells their best wherever they go? Avon has Fragrance Giftsets for Him and for Her like Black Suede and Imari Seduction that reel in the senses. Each kit includes three products for daily use helping them exude confidence with every spray. If your loved one likes to pamper themselves, the Planet Spa by Avon might just be the perfect gift! The Planet Spa Mediterranean Olive Oil Body Scrub and Body Moisturizer will help them exfoliate and unwind with ease. Add the Planet Spa Hand Cream and Body Balm for good measure and see them light up for the season. If they’re skin-thusiasts who spend a lot of time on skincare, then the Anew Mini Kits will be a perfect addition to their routine! Give them the glow-up they deserve with the Radiant & Luminous Skin Regimen or the Plumper and Youthful Looking Skin Regimen—each complete with a travel-size Serum and Day and Night creams. Got a homebody friend who loves turning their space into a sanctuary? Avon Home Scents can definitely add to their home’s tranquility and give a calming scent-sation all day. Choose the Aroma Diffuser with a beautiful colorchanging design and soothing fragrance oils or indulge their senses with Reed Diffusers, which

also come in a luxurious gift box that matches the equally luxurious scents. Do they like expressing themselves through the art of makeup? Make this season more colorful for both of you and check out the Power Stay High Voltage Spark Liquid Lip with long-lasting glittery color payoff, perfect for this year’s Holiday parties. But if they want their eyes to do the talking, then the Avon Wonderland Eye Palette offers 9 rich and intense shades that blend seamlessly for an alluring look. What’s a holiday look if not complete with the right accessories to go with it? With Avon, you can find a variety of jewelry, watches, and other accessories that can complete your loved one’s look in time for the holidays—like the Merrymood Wardrober Set tha

Tech company DFNN bullish about future proofing PHL through advanced technology

ITH an estimated US$134 million domestic data center market and multiple nations around the globe embracing space technology, DFNN sees a tech-savvy Philippines as a potential key player in the industry. The tech company is optimistic that investing in stronger technological capabilities will not only provide Filipinos with greater access to tech, but also help the local tech sector become more competitive with what other markets can offer. “As a population, we take positively to innovations that push us further towards the digital space. This company started out on that belief, of using technology to change how industries and individuals work for the better. Since then, we’ve always been driven by that principle,” says DFNN Chief Executive Officer Calvin Lim. “Today, we’ve come a long way in maximizing technology, but there’s always more work to be done in terms of both access and infrastructure,” he admits. Earlier this year, DFNN already made commitments to invest further in data centers alongside their partners in Silicon Valley. These aim to boost their current platforms and software solutions, by making use of more powerful and cutting-edge innovations that are already being used by many companies in the California-based tech region. The new data infrastructures will improve DFNN’s overall information storage and management, security, and access, allowing them to provide better services to their many local clients. In addition, the company is now also putting a larger focus on both space technology and space sustainability, particularly involv-

ing artificial intelligence and capability expansion. DFNN sees a great opportunity to invest in the continually growing US$ 366 billion industry and be one of the first Southeast Asian nations to join the space race for tourism and exploration beyond Earth. Investing early in these growing technologies is a way of being forward-looking, especially knowing how influential technology can be in creating major industrial shifts and breeding innovation among companies and entrepreneurs. By being the local pioneers of these new infrastructures and innovations, DFNN hopes to move the needle for futureproofing the entire local tech landscape. “As an industry, I still don’t see that we’ve reached our full potential. Looking at Filipino consumers, while access has improved greatly over the past decade alone, many technological innovations are still contained within certain areas or regions,” Lim says. “Meanwhile, from a professional perspective we know that the local IT sector is extremely strong and keeps growing, so taking the industry to a globally competitive scale should be the next step,” he adds. How will support for data centers and space technology better the Philippines? To DFNN, the answer is simple – it gives them the opportunity to provide improved services to their customers and clients, while at the same time leading the charge for more companies and industries to do the same. As we head into another global digital revolution, DFNN wants the Philippines to be prepared to grow its own capabilities, but more importantly to play with the big names in the international space.

BusinessMirror

Editor: Tet Andolong

Wednesday, November 9, 2022 B7

Future-proofing and greening of buildings

The I-Land Bay Plaza is another LEED-certified building that adheres to the principles of sustainable planning and design throughout the building’s life cycle which also uses a building management system (BMS) that cuts energy expenditures and consumption. Colliers Philippines

By Rizal Raoul S. Reyes

eing a disaster-prone country, the Philippines badly needs sustainable and pro-environmental building practices to ensure that millions of Filipinos at least minimize the impact of severe typhoons and other natural disasters caused by climate change and, to a certain extent, mismanagement of the Philippines’s environment. Renato Redentor Constantino, Executive Director of the Institute for Climate and Sustainable Cities (ICSC), stressed in an e-mail interview with the BusinessMirror that cities must be futureproofed to meet the challenges of climate change, global warming, among others. He added that the pandemic was an eye opener for the country as its infrastructure needs a lot of improvement to

ensure the people will have continued mobility.

The greening of the buildings Colliers Philippines industry analyst Tricia Ann Pacete pointed out in her paper “Forging Smarter and Greener Building,” the local property sector is also doing its part to promote environmental sustainability. “Smarter and greener buildings are fast becom-

ing the norm in the Philippines, with more and more property developers taking action to address climate change and to embrace the available advanced technologies,” she said. Moreover, Pacete observed that the local building and construction industry has been continuously innovating in response to the rapid changes in the environment. She added sustainability initiatives such as smart technologies, and increased safety standards for occupiers’ welfare, leading the transformation of new buildings’ design and features. As a result, Pacete noted smarter and greener buildings are rapidly emerging as the standard in the Philippines, with more and more property developers taking action to address climate change and to embrace the available advanced technologies. It is a fact that the building and construction industry has a significant impact on the economy, society, and the environment. It plays a crucial role in the economy, driving jobs and growth. Pacete cited an article published in In-

Holiday cheers welcome visitors at Greenfield District By Roderick L. Abad Contributor

OLIDAY cheers are now up at the Greenfield District in Mandaluyong with the launch of Greenfield Development Corp.’s (GDC) annual Yuletide festivities dubbed “A Christmas for Generations.” Marking the season of merrymaking, the events recently kicked off with the ceremonial lighting of the 60-foot Christmas tree at the Greenfield District Central Park. This was followed by fireworks display and musical number of 20-piece chorale singing Christmas carols to guests, including the top executives and employees of GDC, as well as members of the media, and parkgoers. “After two years of not having face-to-face yuletide celebrations, Filipinos are surely excited to once again gather with their loved ones to celebrate the country’s festive Christmas season,” said GDC President and Chairman Jeffrey D.Y. Campos. “Greenfield District is a venue where different generations, from senior citizen grandparents to Gen Z kids, can bond with each other by taking part in the fun holiday activities of the District.” The District is now open to bring holiday fun until Christmas to the public. Everyone can take a selfie or groufie with family or friends at the foot of the giant Christmas Tree. What an exciting fanfare to look

forward to is a buying binge with showbiz figures at the Celebrity Edition of Car Boot Sale from November 18 to 20. To be held at the Mayflower Parking, this glitzy fair is a celebration of the Food Truck Fest’s 1st year anniversary, featuring movie and television personalities who will sell their pre-loved items, baked goodies, frozen food, knick-knacks, and more right from the trunks of their cars. This outdoor food destination is open from Monday to Thursday (12 pm until 10 pm) and Friday to Sunday (12 pm to 12 am). Because this is also a time of the year to share, the Rotary Club of Greenfield District, as part of its fundraising and public service programs, will organize a family day at the park on November 26 full of fun activities including pet shows, raffle, contests, fashion show, food bazaar, and more. Families, especially kids, are also welcome to meet Santa Claus at “A Night with Santa,” which will feature merry activities and gift giving on December 17. Planning some after-work holiday bonding with officemates or colleagues? Head to the District Food Park to enjoy a good laugh over a spread of sumptuous food choices. This weekday outdoor dining destination is open from Monday to Thursday (4 pm to 10 pm) and Friday (4 pm to 11 pm). In preparation for Christmas, adults can now spend their shopping spree at the park’s weekend

bazaars every Saturday and Sunset Fair every Sunday (from 3 pm to 12 midnight) until next month, wherein they can buy value for money gift ideas, trendy fashion pieces, delicious treats and more. Visitors can also enjoy a food trip and engage themselves in Arts and Crafts activities in store for them. Aiming to build future-ready and sustainable communities for generations of Filipinos, GDC upholds its yearly tradition of organizing events that promote togetherness and quality time of family bonding. “At GDC, we are committed to not only building properties for generations but also creating verdant, spacious neighborhoods where Filipino families can create beautiful memories together throughout the years. Christmas is a special occasion for many Filipinos, and we want Greenfield District to be part of their memorable Christmas experience every year,” said GDC Executive Vice President and General Manager Atty. Duane A.X. Santos. Located at the corner of Edsa and Shaw Boulevard, Greenfield District boasts of green open spaces, pedestrian-oriented neighborhood and fun outdoor activities. Accessible to the public via different routes and roadways from the main business districts of Metro Manila, this 15-hectare future-ready, smart and connected urban center of GDC is an ideal destination for recreational activities, get-togethers, and shopping this holiday season.

The 41-storey Jollibee Tower, developed by DoubleDragon Properties, is Grade A building which also boasts of LEED Gold pre-certification. Among the features include an office floor that is fiber optic ready with 100% backup power and a VRF air-conditioning system. Colliers Philippines

dustry Tap noting that the building and construction industry accounts for about 13 percent of the global gross domestic product (GDP), and which is expected to increase to 15 percent. Pacete said the building and construction industry has a big impact in every business—shelter, infrastructure, manufacturing facilities, and many others. Further, she said the quality of the buildings it produces imparts a legacy on the lives of countless of people. “As the industry continues to expand, bringing more growth, its environmental impact cannot be left unnoticed as it accounts for 39 percent of carbon emissions. This figure is alarming and calls for an improvement in the quality of construction and the materials used. The unprecedented appearance of the global pandemic has contributed to the acceleration of innovation across the building and construction industry. These innovations have given rise to key trends shaping the construction industry,” Pacete explained. She said these trends center on

sustainability initiatives, well-being, and the integration of smart technologies into the building management system. As far as the Philippine construction industry is concerned, Pacete observed that the country is also gradually keeping up with the trends. “Many buildings now are becoming more digitized and have more sustainable features not just to reduce cost but also to lessen their carbon footprint,” she said. She said many players in the Philippine construction industry are also studying the potential benefits of integrating artificial intelligence and machine learning to their building management systems (BMS). “Artificial intelligence, for instance, can be used in crucial building operational systems, such as energy management, enhanced HVAC system for optimal comfort, and predictive maintenance.” Being a sector with the largest contribution to greenhouse gas emissions, Pacete said the realestate industry is aware that it has an immense responsibility in

creating a greener and more sustainable built environment.

Transitioning to the new normal As the world transitions to a new normal, Pacete said the building and construction industry is also transforming to cater to the needs and ensure the well-being of their building users. Right now,she said real-estate developers are now investing more on innovations as the world transitions to the postpandemic environment. She said this will not only ensure productivity but will also provide a sense of safety. One such innovation is contactless or touchless systems, such as sensors, access cards, and facial recognition software. These features will help lessen the risk of transmission not only of the Covid-19 virus but also other pathogens. “Sustainability in the built environment is not just an option, rather it is now a must-have. We believe that the future of office buildings leans towards creating spaces that are safer and healthier with minimal impact on the environment,” Pacete said.

SM’S 80TH MALL OPENS IN TANZA A

s part of a province with a rich historical tradition, Tanza in Cavite is the place where Emilio Aguinaldo was sworn in as President of the revolutionary government of the Philippines. It is also the birthplace of Felipe G. Calderon, who composed the Malolos Constitution. It was another date with history when SM City Tanza recently opened its doors to the public as SM Prime’s 80th mall. It is also the 7th supermall in this historic and bustling province after SM City Bacoor, SM City Dasmariñas, SM City Molino, SM City Rosario, SM City Trece Martires, and SM Center Imus. SM also has a Marketmall in Dasmariñas. Strategically located on an 86,718 square meter site along Antero Soriano Highway, SM City Tanza will serve shoppers in the northwestern areas of Cavite as well as in nearby Batangas. More than that, it will be a catalyst for employment and business opportunities in the area. The two story almost 60,000-square-meter mall’s design is inspired by the chief means of livelihood in Tanza, which is farming and fishing, as well by its nearby beach resorts in the coastlines. Symbolizing warmth from the colors of the boats and serenity of the seas, it’s interior is configured in an L-shaped layout, provided with natural clerestory light that stretches across the mall area, including the Cyberzone. The ceiling is accented with curvilinear cove light lines depicting the ripples of the sea. The mall also has

SM City Tanza is SM Prime Holdings’ 80th mall. Celebrating this milestone during the opening are Tanza Mayor Yuri Pacumio (fourth from left), Tanza Vice Mayor Archangelo Matro (third from right), Cavite Board Member 7th District Crispin Remulla (third from left) and Reverend Bishop Reynaldo Evangelista of Archdiocese of Imus. They are joined by SM Markets Chairman Herbert Sy (right), SM Engineering Design and Development President Hans Sy, Jr. (left), SM Prime Holdings President Jeffrey Lim (second from right) and SM Supermalls President Steven Tan (second from left). a 1,500-square-meter Events Center which for activities and exhibits. It also features a lush landscaped indoor area that will provide the mall with a place to relax, shop, and dine. SM Store and SM Supermarket are SM City Tanza’s major anchors along with SM Appliance Center, ACE Hardware, Watsons, Surplus, Uniqlo, Pet Express, Miniso, Levi’s, and Crocs. It also has fashion boutiques, jewelry stores, bookstores, as well as service and wellness centers. Eating out options include a Food Court; specialty restaurants like Mesa, Botejyu, The Great Buddha Café, Marugame Udon and Tempura, and Crustasia Asian Bistro; and international and local food chains like French Baker, Kenny Rogers, Panda

Express, Bon Chon, Coffee Bean and Tea Leaf, Mary Grace Café, Breadtalk, J. Co Donuts and Coffee, and Starbucks. SM City Tanza also has five state of the art cinemas and a Cyberzone for techie enthusiasts. For its customer’s convenience, and enhanced malling experience, SM City Tanza has almost 800 slots in its carpark. The new mall also has public transport terminals for interprovince, and inter region travel that will further boost tourism and commerce in the area. SM City Tanza’s project team includes DSGN, Design Consultant; Asya, Architect on Record; RM Cabanela, Construction Management; and Dahn Bager, General Contractor.

Sports

National U-Pasay notches another 3-set victory this time over North Cotabato

THE Bulldogs’ brickwall defense is in full display in the Champions League at the PhilSports Arena.

BusinessMirror

| Wednesday, November 9, 2022 mirror_sports@yahoo.com.ph Editor: Jun Lomibao

WORLD CUP, AGAIN, UP WITHOUT CHINA By Stephen Wade The Associated Press

VEN with 1.4 billion people, China can’t find 11 solid soccer players at last for this year’s FIFA World Cup that Qatar is hosting starting on November 21. China is missing out on the World Cup again despite spending millions— probably billions—to develop the game, a reported priority of Xi Jinping, the all-powerful general secretary of the Chinese Communist Party. To underline the humiliation, smaller neighbors Japan and South Korea have had sustained success with high-profile players scattered across Europe. Among them, South Korea forward Son Heung-min, who has become one of the world’s best scorers at English club Tottenham. China’s abysmal record is startling, particularly compared to the Summer and Winter Olympics, where it’s always near, or atop, the medal table. China has played only once in the World Cup, and that was in 2002 when it lost all three games and failed to score a single goal. The appearance, however, was monumental. Bora Milutinovic, who coached the national team, was affectionately called “Milu” and treated like a national hero. “China is bigger than most things, so China is used to doing things on its own terms,” said Cameron Wilson, a British journalist who has lived in China for almost two decades and is the founding editor of the website “Wild East Football.” “Football is one of the few things in the world that is bigger than

China,” Wilson told The Associated Press. “And I think that is where the problem comes in because they are not able to make the fundamental changes that are necessary.” A year ago on the website, Wilson wrote about China’s top-down bureaucratic system and how it has hindered soccer’s development—both for the national team and its failing domestic league, the Chinese Super League. “In short—Chinese football is simply not about football. It’s about politics, business, and self-interest,” Wilson wrote. “These things are of course far from absent elsewhere. But in China they are all-dominating, because the ecosystem...is not designed for passion and love for anything not related to the bottom line.” Wilson puts part of the blame on China’s “hyper-competitive society” where soccer is a low priority for kids faced with mounds of homework who live in dense urban areas with few soccer fields, and little time to play. It’s also an activity largely out of the mainstream, which is a disadvantage in a conformist society like China. Wilson noted that countries like the United States, Japan and South Korea are also non-traditional soccer nations, but they have developed strong domestic leagues. China has not. The Super League has long been filled with corruption, splurges of spending, a carousel of changing coaches, and money interests and sponsors put ahead of the soccer. China’s zero-Covid policy has basically shut down the league, which has wasted millions on foreign coaches and aging foreign players who have used the league as a holiday destination. In 2016, Argentine striker Carlos

CHINESE children pose with a replica of the World Cup trophy on the Great Wall of China at Jinshanling during an event to show their support for the Chinese national team in May 2002. AP

Tevez signed a two-year deal for $40 million with Shanghai Shenhua. He scored only four goals and eventually returned to his boyhood club in Buenos Aires, Boca Juniors. He was quoted in Argentina calling his stay in Shanghai his “China vacation.” Wilson noted that the Chinese soccer association—the body that runs the sport in China—is an arm of the government and does not operate independently as similar bodies do in England or elsewhere. It’s part of the General Administration of Sport, a government agency. “The evidence is extremely strong that a successful domestic league is a strong component of a national team,” Wilson told the AP.

T COMMISSIONER Olivia “Bong” Coo expounds on the martial arts festival.

Proper perspective in Jordan GILAS Pilipinas flew to Amman, Jordan, on Monday night to fulfill a mission that has become almost a routine: Serve the country with all your heart, all your mind and all your strength. All national teams and all individual athletes are sworn to give their utmost when called upon to represent flag and country. It is a chant as common as

CARLOS “CALOY” YULO’S back to his Tokyo base after his campaign in the world championships. AP

REBOOT FOR YULO FOR 2023

By Josef Ramos

ARLOS “CALOY” YULO has flown back to Tokyo from Liverpool where he clinched silver in vault and bronze in parallel bars at the world gymnastics championships. No gold this time in the worlds for Yulo, who won one in floor exercise in 2019 in Stuttgart that qualified him for the Tokyo Olympics and another in vault—plus silver in the bars—just last year in Kitakyushu that validated his inclusion in the roster of the world’s elite gymnsts. But with the Paris 2024 Olympics due in less than two years’ time, it’s back to work for the 22-year-old. “I really need to go back to training, maybe two or three days of rest, because I will be competing in a team club competition in Japan in December,” said Yulo, who’s back to base in Tokyo with Japanese coach Munehiro Kugimiya. The competitions in Japan are purely inter-club events, Yulo stressed, but they’ll keep him on his toes as he stares at a busy 2023 where qualifiers for Paris are set. “I hope to get high scores there,” he said. Getting high scores won’t solely be Yulo’s task. His federation, the Gymnastics Association of the Philippines (GAP), would surely watch over him. “The plan is to see him win gold medals in Paris, so we will do

PSC Martial Arts Games set Saturday HE one-year countdown to the country’s campaign in the Asian Indoor Martial Arts Games (AIMAG) begins this week as the Philippine Sports Commission (PSC) stages the inaugural Women’s Martial Arts Festival at the Rizal Memorial Sports Complex. Nine sports—two of them demonstration—are in the program

of the meet that starts Saturday at the Rizal Memorial Coliseum and Ninoy Aquino Stadium. PSC Commissioner Olivia “Bong” Coo said in the Philippine Sportswriters Association Forum on Tuesday that the six-day meet features pencak silat, wrestling, sambo, karate, muaythai, kickboxing, taekwondo, jui-jitsu and kurash. Judo

a witchcraft’s incantation. You stray from that and you end up as a rebel without a cause. So, behave at all times, fellas. We know that nothing is at stake in Jordan except prestige. Win or lose against Jordan and Saudi Arabia, no worries. We are still qualified in the Worlds proper next year. Still, there is no reason not to be focused at the task at hand: Win at all costs. Nothing beats the high of every triumph achieved. So, no room to dilly-dally. No reason to bore your brains with nonsense. No time for gallivanting, please. We are not tourists in the Holy Land but hardy souls short of being a bunch of warriors thirsting for blood at every opportunity. For, that is the only way we could attain near-perfection, if not perfection itself. Give your coaches, led by Chot Reyes and Tim Cone, all that they’ve been asking from you, no matter the odds. They may whip your asses real hard and become, most often, a pain in the neck. But that’s what they’re here for: Turn you into becoming game-eaters to become unmistakable winners in the end.

everything in our power to make it work,” said GAP president Cynthia Carrion-Norton. A significant addition to Yulo’s program, Carrion-Norton said, would be sports psychologist Dr. Marissa Guinto. “We need someone who’ll talk with Caloy, to cheer him up and motivate him at times like this,” Carrion-Norton said. “At the same time, we will try to bring his teammates as well to cheer him up because he’s alone all the time while other countries have more gymnasts.” Yulo’s a priority athlete under the Philippine Sports Commission’s elite sports program and undergoes specialized training like Tokyo Olympic gold medalist weightlifter Hidilyn Diaz and Asian men’s pole vault record holder Ernest John “EJ” Obiena. Carrion-Norton said they are confident Guinto, research director for psychology at the University of the Philippines, could help Yulo in his Olympic journey. The GAP head also said that she’ll discuss with Philippine Olympic Committee (POC) President Rep. Abraham “Bambol” Tolentino the possibility of setting up Yulo’s training camp in Paris earlier than planned. Yulo could make the Paris grade at the Antwerp world championships in September or earn qualifying points in tournaments in Cottbus (Germany) in February, Doha and Baku in March and Cairo in April. and arnis are demonstration sports. “Because we are sending athletes to the AIMAG in 2023, our theme will be 365 days countdown before (the event),” said the legendary Filipina bowler and now sports commissioner on Tuesday at the Rizal Memorial Sports Complex ground floor. The sixth edition of the AIMAG kicks off on November 17 next year in Bangkok and Chonburi. It was twice postponed in 2021 and 2022 because of the Covid-19 pandemic.

ATIONAL University (NU)Pasay City posted another straight-set 25-16, 25-22, 25-20 victory this time over North Cotabato in the Philippine National Volleyball Federation Champions League at the PhilSports Arena Tuesday. Mike Buddin hammered 17 kills while Nico Almendras added 12 points on 10-of-18 attacks for the Bulldogs. Congo’s Obed Mukaba was at her usual best in defending the net and tallied four of NU-Pasay City’s eight blocks—matching its foes’ total output. The Bulldogs improved to 2-0 won-lost in Pool B, while ending the G-Spikers’ two-game streak to drop to second place. NU-Pasay City has another match to play against Imus City in the last match Tuesday. “We’re trying to manage everything. The important thing is for the players to get enough rest, so when we play again, we will be at our best,” NU Coach Dante Alinsunurin said. Not only will the tournament— supported by the Philippine Sports Commission, Rebisco, PLDT, Philippine Olympic Committee, Cignal HD, One Sports, Cignal Play, F2 Logistics and

Amigo Segurado—help Alinsunurin prep the Bulldogs for the University Athletic Association of the Philippines, but it will also provide him a chance to look for potential talents for the national team. “It’s very important for me because it’s the second year the PNVF is holding this league. Important because teams from the entire Philippines are participating in this league,” said Alinsunurin, who steered the Philippines to a silver medal in the 2019 Southeast Asian Games. “That’s why I’m very thankful for the PNVF to stage this league,” he added. Jao Umandal had 18 points, including eight in the third set while trying to keep North Cotabato in the match. Umandal also had two blocks. Jaymar Pascual went 11 of 21 in attacks to finish with 12 points as Bulacan entered the win column in Pool B after a two-match slide with a 25-15, 25-22, 25-18 victory over Aklan. Maruel Iverson Tan tallied seven points for Aklan, which dropped to 0-2 in the bracket. In Pool C, Santa Rosa outlasted University of the East-Manila, 2225, 25-22, 22-25, 25-22, 15-6, for its first win in two matches. Kenneth Culabat capped the Lions’ dominant deciding set with a quick kill, sending the Red Warriors to their second consecutive five-set defeat.

ICTSI Match Play offers surprises

HE International Container Terminal Services Inc. (ICTSI) Villamor Match Play Invitational offers different approaches over rousing head-to-head duels when the novel event fired off Tuesday at the Villamor Golf Club in Pasay. “Unlike in regular tournaments, my mindset for the match play will be more on attack and attack to net more birdies,” said Chihiro Ikeda, the Order of Merit winner in the just-concluded Ladies Philippine Golf Tour (LPGT) with victories at Mount Malarayat and Eagle Ridge-Aoki. But she prefers to downplay her chances in such unpredictable setup. “No expectations, no pressure,” she said. “But I would just like to enjoy the game since it will surely be an exciting match play.” It surely will. With 16 of the top

You will play Jordan on Friday (midnight of November 11 Manila time) at the start of the fifth window of the Fiba World Cup. You are the underdogs, all right, as the hometown crowd is not with us. But just play on like real troopers out to spoil the party. Do the same, when you play next the Saudis in Jeddah three days later. Just remember: You play not for yourself but for your country. Embrace the moment. THAT’S IT Carlos Yulo may have performed below expectations in Liverpool, England, but the 51st FIG Artistic Gymnastics World Championship had afforded him many lessons in his preparation for the 2024 Paris Olympics. “For the first time, I was grouped with the really good ones,” said Yulo, who settled for the silver in losing his world vault title while earning the bronze in the parallel bars. “Pitted against them, I realized that I still lack a lot of things.” The good thing is, the Liverpool bash did not stake qualifying points for the Paris Games. It is in the World Cups in Azerbaijan, Germany, Qatar and Egypt where the qualifying Olympic points are up grabs from February to April next year. Vault on, Caloy!

finishers after 11 legs of the LPGT all driven to emerge on top in a tournament format so distinct in medal play, no one holds an edge over the other in the event spread over four days. “I’ve always enjoyed this format since anything can happen,” said Sunshine Baraquiel, who scored a career breakthrough in wicked conditions at Highlands last year but whose game somewhat took a downswing in the season about to end.” She added: “My performance this year wasn’t great. Golf is really a long game and each players journey is different. There are improvements from last year but the results aren’t there yet.” The lady pilot, however, hopes to end it in triumphant fashion.” “What’s great about match play is you get to re-start on each hole. Strategies will change depending on my opponent and the way I’m hitting the ball for the day,” she said. “The approach is different just because the total score doesn’t count. The decision to play conservatively will really depend on match standing and opponent shots.” SUNSHINE BARAQUIEL says she’ll be in her comfort zone in the match play.