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NGCP poised to cut SMC power in Albay By Manly M. Ugalde Correspondent
L
EGAZPI CITY—The National Grid Corp. of the Philippines (NGCP) is poised to cut its power-distribution supply in Albay should the Albay Power Energy Corp. (Apec), owned by San Miguel Corp., fail to settle its P1.8-million obligation. The power will be cut off on See “NGCP,” A2
A broader look at today’s business n
Sunday, October 2, 2016 Vol. 11 No. 358
P25.00 nationwide | 3 sections 16 pages | 7 days a week
IMF: High growth rate not felt by poor people
By Bianca Cuaresma
@BcuaresmaBM
T
HE new administration must be focused on increasing budgetary allocations to improve the quality of life in the countryside, as the International Monetary Fund (IMF) noted the Philippines’s inability to translate its high growth rate to a decrease in poverty and inequality.
While the IMF recently lauded the country’s economic expansion as one of the fastest in the region and leading to an upgrade in growth rates for 2016 and 2017, the global organization also pointed out the contrast between the fast growth of the economy’s GDP and the minute improvements in the country’s “stubbornly high” poverty rates. “The strong economic performance has not yet fully benefited a wide range of the population. Poverty and inequality remain high,” the IMF said. “Executive directors commended the [Philippine] authorities for See “Growth,” A2
Business enterprises urged to tap social networking sites Smartphone activities Smartphone activities
percent of U.S. smartphone 18 and over who The percent The of U.S. smartphone owners agesowners 18 andages over who have ever usedto their to do the following activities. have ever used their phone do phone the following activities. 18-29
18-2930-49
in a Participated Participated in a video call or video chat call or chat
13%
By Lorenz S. Marasigan
@lorenzmarasigan
Vizcaya, like carrots, squash, moringa (malunggay) and spinach. LEONARDO PERANTE II
Urban planner: Discipline most vital factor in solving Manila traffic mess By David Cagahastian @davecaga
C
ongress should grant the emergency powers sought by President Duterte soonest to address the traffic problem in Metro Manila, which is only expected to get worse with the coming Christmas season and the continuing increase in construction activities. Urban planner Roque A. Magno, a professor at the University of the Philippines’s School of Urban and Regional Planning (SURP), said Congress can put enough safeguards so that the grant of emergency powers on procurement will not be abused. Earlier, the Senate Committee on Public Services chairman, Sen. Grace Poe, suspended the hearings on the proposed grant of emergency powers to Mr. Duterte to speed up the procurement process for
infrastructure projects relating to easing traffic in the National Capital Region. The hearings were put on hold pending the submission by the Department of Transportation (DOTr) of a detailed list of projects for which the procurement process will be relaxed to speed up implementation. The Committee on Transportation of the House of Representatives had, likewise, asked the DOTr for a detailed proposal regarding the projects: where the proposed emergency powers will be used and whether these will be used only in Metro Manila or throughout the country. Magno said Congress should, instead, provide a time limit for the exercise of the emergency powers, since the projects for which the emergency powers are being proposed have already been identified, such as the connector road between the North Luzon Expressway and the South Luzon
PESO exchange rates n US 48.2570
MAGNO: “Regarding the emergency powers, they should give it; otherwise, President Duterte would have an excuse why the traffic problem was not solved.”
Expressway. Magno said the delays in the construction of vital infrastructure projects are caused by issues regarding the acquisition of rightof-way and the slow pace of completion of other works, which are not within the government’s control, such as construction works by the Manila Electric Co. and waterdistribution concessionaires. “Regarding the emergency powers, they should give it; otherwise, President Duterte would have an excuse why the traffic problem was not solved. But they
should give it a time duration,” Magno said in an interview with the BusinessMirror. Duterte is averse to the bidding process, which he said had worked against the government because the lowest bidders always provide substandard materials and services, leaving the government shortchanged on the contracts in the long run. As an urban planner, Magno enumerated the measures which the government may take to quickly solve the traffic problem. “First, we should finish all pending projects immediately,” he said, citing the pending Nlex-Slex connector road project that could immediately ease traffic by allowing cargo trucks to go from North Luzon to South Luzon and vice versa without having to traverse the streets of Metro Manila. He said there should also be a metro-wide land use zoning ordinance, and a common ordinance See “Urban,” A2
B
USINESS enterprises should no longer view online channels as a blank media space, and instead start producing quality content to harness the full potential of social networking sites to further grow their brands. Zoe Lawrence, the digital director for market research company Kantar Taylor Nelson Sofres (TNS), said companies should start learning how to tap social media as a channel for expansion, instead of looking at the digital space as another advertising stream. Kantar TNS’s Connected Life 2016 study indicates the
73% 67%
73% 67% 44%
44%
52% 52% 48% 48% 36% 36% 66%
27%
Watched Watched movies or movies or through a paid TV through aTV paid service subscription subscription service
87% 87% 74% 74% 41%
41%
Bought a product Bought a product online such as online such as books, music, toys or books, music, toys or clothing clothing Got sports Got sports scores or scores or analysis analysis
50+
95% 95% 94% 94% 82% 82%
Get directions, Get directions, recommendations, or recommendations, or othertoinfo related to other info related location location Listened Listened to an online to an online radio/music service radio/music service
VEGGIE NOODLES A tray of vegetable noodles, made from varieties of vegetables, is on display at the Healthy Rich showroom for visitors to see. It showcases nutritious vegetables grown in Nueva
30-4950+
49% 27% 52%
36% 13%
49%
36%
66%
52%
Source: Pew Research Center Source: Pew Research Center Graphic: Staff, Tribune News Service Graphic: Staff, Tribune News Service
use of photo-curating application Instagram and multimediamessaging application Snapchat has risen sharply in the Philippines, with a penetration rate of 50 percent and 20 percent, respectively, as of end-2015. “The rise of these platforms provides brands with new opportunities to target and engage consumers. However, brands need to be mindful of evolving consumer attitudes as they look to take advantage of the diversifying social-media landscape,” Lawrence said. The same study she cited showed a quarter, or 23 percent, of connected consumers in the Philippines “actively ignore” social posts or content from brands. Hence, businesses need to avoid being invasive as a third or about See “Social,” A2
MAKING A DIFFERENCE
Keen on making a difference in the lives of farmers through science and innovation, Wyeth Nutrition Kid Innovators Malycka Roz Rentuza and Hannah Nicole Gaudiel of the Philippine Science High School Central Visayas campus demonstrate their science project, entitled “Anti-Ripening Paper,” to Wyeth Philippines Inc. Innovations Head Juan Miguel Alvarez. The team members took inspiration from the challenges of their local banana farmers, especially during postharvest season, when they need to store and transport their produce. By creating an innovation that prolongs the ripening period of fruits and vegetables, Rentuza and Gaudiel’s innovation can help farmers prevent the spoilage and wastage of agricultural produce. Aside from the practicality of their innovation, the social relevance of Rentuza and Gaudiel’s science project placed them among the Top 3 winners in the recently concluded Wyeth Nutrition Kid Innovators Grand Finals 2016 held at the Crowne Plaza Manila Galleria on September 23.
n japan 0.4777 n UK 62.5990 n HK 6.2221 n CHINA 7.2355 n singapore 35.3764 n australia 36.8346 n EU 54.1685 n SAUDI arabia 12.8531
Source: BSP (30 September 2016 )