BusinessMirror October 20, 2018

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BusinessMirror AFTER BORACAY,

2018 EJAP JOURNALISM AWARDS

DEPARTMENT OF SCIENCE & TECHNOLOGY

BUSINESS NEWS SOURCE OF THE YEAR

PHILIPPINE STATISTICS AUTHORITY

2018 BANTOG DATA MEDIA AWARDS CHAMPION

www.businessmirror.com.ph

A broader look at today’s business n

Saturday, October 20, 2018 Vol. 14 No. 9

P25.00 nationwide | 2 sections 20 pages | 7 DAYS A WEEK

WHAT’S NEXT?

SAIKO3P | DREAMSTIME.COM

DENR draws up initial list of ecotourism areas ripe for ‘rehabilitation’

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By Jonathan L. Mayuga

FTER the world-famous Boracay, the Department of Environment and Natural Resources (DENR) is targeting the rehabilitation of other ecotourism sites in the country that, like the island resort in the Municipality of Malay, Aklan Province, are also facing environmental concerns.

Environment Undersecretary for Solid Waste and Local Government Concerns Benny Antiporda said that after Boracay, the DENR may opt to take on Baguio, Puerto Galera, El Nido, Siargao, Subic, or Bohol. “These are some of the areas that are being considered to be rehabilitated,” Antiporda, also deputy spokesman of Environment Secretary Roy A. Cimatu, told the BusinessMirror in a telephone interview. However, unlike in the case of Boracay, temporary closure to tourism activities may no longer be needed in these areas, consider-

ing that the DENR regional offices with jurisdiction over them have already started to crack the whip after President Duterte’s decision to declare the entire island of Boracay under a state of calamity. “There are already actions on the part of the DENR in those areas,” he said, adding that there are positive signs that the business establishments, as well as the communities, are “responsive.”

Milestone

LESS than a week before Boracay’s scheduled reopening to tourists on October 26, the DENR, which is spearheading the Boracay In-

ter-Agency Task Force (BIATF), claimed to have gained a significant milestone in the rehabilitation of the world-famous island paradise, particularly when it comes to addressing water pollution. No less than the DENR chief said Boracay Island is no longer a “cesspool” because the BIATF had already stopped the direct discharge of untreated wastewater, particularly by commercial and residential establishments along the beachfront. Water samples were taken for laboratory testing from the beaches, such as White Beach and Bulabog Beach, as early as September.

These indicated that coliform levels are well within the standard for recreational purpose, particularly bathing or swimming.

ECC-compliant

A MAJORITY of the establishments, Antiporda added, have already complied with or have filed applications for the lifting of the suspension of their environmental compliance certificates (ECC). “We have high compliance. But the Boracay Inter-Agency Task Force will stay close to Boracay. We will create our own office here to monitor all activiContinued on A2

FROZEN MOUNTAIN The captive capital—estimated at a quarter of the size of the economy—of millions of Japan’s dementia sufferers is creating personal dilemmas for loved ones and anxiety for policy makers.

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By Yuko Takeo and Yuki Hagiwara | Bloomberg

APAN’S growing ranks of dementia sufferers are sitting on a mountain of frozen assets, creating personal dilemmas for loved ones fretting over how to handle that money and a drag on the nation’s economic prospects as the vast pool of wealth lays idle. PESO EXCHANGE RATES n US 53.8910

The pile of captive capital held by sufferers of Alzheimer’s and other forms of dementia in Japan swelled to ¥143 trillion ($1.3 trillion) in the year ending March 2018, according to research by Dai-Ichi Life Research Institute Inc. That’s equivalent to more than a quarter of the size of the overall economy. It’s a problem on various levels. Relatives often feel overwhelmed by the responsibility of dealing with the savings and investments; policy-makers must balance Continued on A2

A CUSTOMER withdraws money at a Japan Post Co. branch in Hachioji. YURIKO NAKAO/BLOOMBERG

n JAPAN 0.4784 n UK 70.6888 n HK 6.8747 n CHINA 7.7838 n SINGAPORE 39.1081 n AUSTRALIA 38.3057 n EU 61.9908 n SAUDI ARABIA 14.3652

Source: BSP (October 18, 2018 )


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