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₧1-B revenue lost from tariff cuts ‘for nothing’ By Jasper Emmanuel Y. Arcalas @jearcalas

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HE national government lost at least P1 billion in revenues from the reduction of rice tariffs since 2021 without any concrete benefits to Filipino consumers, the Federation of Free Farmers (FFF) claimed. The FFF presented its arguments during the Tariff Commission (TC) hearing on Monday regarding the proposed extension of the lower tariff rates on rice, pork and corn on by the government’s economic development group (EDG). Based on its computations using government data, the FFF said the national government’s foregone revenues from the lowering of rice

tariffs to 35 percent for non-Asean imports amounted to P1.013 billion. The FFF presentation showed that the national government lost P278 million from June to December 2021, when the lowering of rice tariffs was first implemented. It was followed by P565 million in foregone tariffs last year and another P170 million from January to September this year, according to the FFF. From June 2021 to September 2023, the FFF said the national government collected a total of P1.796 billion tariffs from imported rice from non-Asean sources. If the tariff on rice imported from non-Asean countries was not lowered to 35 percent, the government should have collected about P2.809 billion, the FFF added.

Reductions ‘for nothing’

“SO, we reduced the rice tariffs for nothing, for nothing,” FFF National Manager Raul Q. Montemayor said. Montemayor pointed out that the initial argument in lowering the most favored nation (MFN) rates on rice imports was to diversify the country’s import sources to non-Asean suppliers like Pakistan and India. However, Montemayor claimed that this goal did not materialize to date. Citing computations of Customs data, Montemayor said the share of non-Asean rice to the country’s overall imports have been between 2 percent and 6 percent since the tariffs were lowered. In 2021, non-Asean rice imports accounted for 2 percent of total imports of the Philippines while in 2022

it increased to a 6 percent share, according to FFF. Montemayor said from January to September imported rice stocks from non-Asean had a 2-percent market share of the overall rice imports. “Were we able to significantly diversify imports? We did not. Even without the export ban, Indian exports to the Philippnies are few,” Montemayor said. “We remain basically very dependent on Asean [sources] like Vietnam, Myanmar and Thailand. Was it worth the effort and the cost to reduce the tariffs on rice? I do not think so,” he added. Citing Customs data, Montemayor said Asean rice exporters accounted for 98 percent of the country’s total rice imports in 2021, 94 percent in 2022 and 98 percent from January to September.

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Tuesday, October 24, 2023 Vol. 19 No. 13

P25.00 nationwide | 2 sections 28 pages |

TRADING INDEX RISES By Andrea E. San Juan

@andreasanjuan

DIVERSIFIED INVESTMENTS IN TOURISM FOCUS AT UNWTO

HE Philippines remained at the 12th spot out of 30 economies whose “readiness and capacity” to participate in the global trading system was gauged, but increased its score to 61.4 from last year’s 49.5.

According to the 2023 HinrichIMD Sustainable Trade Index (STI), while the country’s overall ranking did not change compared to last year’s, the latest STI report showed that the Philippines increased its rankings in all of the pillars being measured by the Index. Based on the report, the country improved its rankings in the Economic, Societal and Environmental pillars. The countr y climbed three notches to the 16th spot in the Economic pillar for 2023, from only 19th in the STI last year. The Philippines got a score of 54.7 in this year’s report. Under the Economic pillar, data from the report indicated that the country ranked first out of the 30 economies in terms of growth in labor force. In 2022, the Philippines only ranked 4th. Owing to the country’s more aggressive investment promotion, data showed the ranking of the Philippines in the foreign direct investment (FDI) net inflows climbed a notch to 11th spot this year, from last year’s 12th. The Philippines’s ranking in consumer price inflation, according to the 2023 STI report, also improved by seven notches to 12th from last year’s 19th. See “PHL’s,” A2

By Ma. Stella F. Arnaldo

@akosistellaBM Special to the BusinessMirror

LOBAL tourism leaders underscored the need to d iversif y investments in the tourism sector, and ensure these funds don’t go to a few well-established destinations. Opening the United Nations World Tourism Organization (UNW TO) Investment Forum on October 18, UNW TO Secretar y-General Zurab Polol i k ashv i l i sa id, “Investing in tourism means investing in jobs and opportunity. UNWTO is committed to attracting the right form of investments into tourism. To guard against future shocks, we need to become a more diverse and resilient sector.” The Investment Forum, held in Samarkand, Uzbekistan a day before the UNWTO 25th General Assembly, brought together tourism ministers of Albania, Colombia, Kingdom of Morocco, Maldives, Peru, and Spain, along with leading private sector experts and representatives of the global investment community

to reflect on key challenges and opportunities. In a news statement, the UNWTO said the panelists highlighted the key priorities of governments in national investment policymaking in the coming years to support the growing and changing investment needs of the tourism sector, while recognizing the vital need for both traditional and non-traditional investments in order to build greater sustainability, secure long-term resilience of the sector and to foster positive change. Furthermore, it was agreed that “by chaneling venture capital investments and providing crucial support structures is one of the most effective ways to unlock the potential of startups and foster an innovative and entrepreneur mindset.”

FDI needed to speed up innovation, support startups

UNWTO Executive Director Natalia Bayona said, from 2018 to 2022, almost 2,415 projects were announced, representing a total capital investment of US$175.5 billion. See “Diversified,” A2

TREASURY CLEANUP A cleaning staff member is seen at work in the Bureau of the Treasury central office in Intramuros, Manila. As the upcoming long weekend on October 30, November 1, and 2—designated as special non-working holidays—approaches, the Department of Labor and Employment reminds employers of holiday pay guidelines. During these days, the “no work, no pay” policy applies to employees. NONIE REYES

NG increases ceiling cost of socialized housing units By Cai U. Ordinario @caiordinario

OW-INCOME Filipinos wanting to purchase their own home may find themselves paying more as the national government increases the ceiling cost of socialized housing units. A Joint Memorandum Circular

(JMC) reflecting this was released by the National Economic and Development Authority (Neda) and the Department of Human Settlement and Urban Development (DHSUD) on Monday. The JMC was signed last Thursday, October 19. T he ceilings for socialized housing prices, as well as socialized condominium units, were in-

creased by 46.55 percent and 33.33 percent, respectively. The ceiling cost for socialized housing is now P850,000, and for condominium units, P933,320. “We do not see the adjustment in the price ceiling as affecting inf lation; rather it intends to encourage private developers to supply socialized housing units,

given the simplified procedures and some tax perks for such projects,” Neda Undersecretary for Planning and Policy Rosemarie G. Edillon told BusinessMirror on Monday. Edillon said the adjustment was done to respond to the increase in construction costs since 2018. See “NG,” A2

PESO EXCHANGE RATES n US 56.7920 n JAPAN 0.3791 n UK 69.0818 n HK 7.2587 n CHINA 7.7652 n SINGAPORE 41.3785 n AUSTRALIA 35.8641 n EU 60.1938 n KOREA 0.0421 n SAUDI ARABIA 15.1469 Source: BSP (October 23, 2023)

News

BusinessMirror

A2 Tuesday, October 24, 2023

Marcos orders PCG to probe collisions in Ayungin Shoal

By Samuel P. Medenilla

@sam_medenilla

ERIOUSLY concerned over the recent “aggression” of Chinese ships resulting in two collision incidents near the Ayungin Shoal, President Ferdinand R. Marcos Jr. ordered the Philippine Coast Guard (PCG) to conduct an investigation, according to the Department of National Defense (DND). He gave the instruction at a command conference in Malacañang on Monday after Chinese coast guard and militia vessels collided with two Philippines ships engaged in the Rotation and Resupply (RORE) mission to BRP Sierra Madre in Ayungin Shoal at the weekend. “The Philippine Coast Guard has been directed to proceed swiftly with its maritime investigation in accordance with international maritime safety regulations,” DND Secretary Gilberto “Gibo” C. Teodoro said in a press conference in Malacañang.

PHL’s...

Continued from A1

As for trade costs, which is supported by the country’s logistics performance, corruption

Department of Transportation to the Office of the President.

Egregious violation

was affirmed by the 2016 arbitral award that invalidated the 9-dash and 10-dash line maps of China.

Distorted facts

PCG Commandant Admiral Ronnie Gil Gavan said the probe will determine the extent of the damage done to the Philippine vessels. “But at this point, it is very, very clear that the two incidents are violations of Collision Regulations— the very regulations we coast guards are expected to enforce. So we find it unfortunate or ironic that the fellow coast guard will violate the law where they, themselves are supposed to enforce,” Gavan said. The result of the investigation, expected to be completed within five days, will be submitted by the

FOLLOWING the sincidents, Department of Foreign Affairs Secretary Enrique A. Manalo summoned Chinese Ambassador Huang Xilian to condemn the reckless and illegal act of the Chinese government. Teodoro described the collisions as a “serious and egregious violation of international law” and an “escalation” of China’s illegal activity within the country’s maritime territory. He stressed the two incidents happened within the country’s 200-mile exclusive economic zone in the West Philippine Sea (WPS). “China has no legal right or authority to conduct law enforcement operations in our territorial waters. We are taking this incident seriously at the highest level of government,” the DND official said. The country, he noted, will not compromise any of its territorial “integrity and sovereignty,” which

perceptions and rule of law, the Philippines improved its ranking by a notch to the 21st spot from last year’s 22nd. However, data indicated that among its sub-indicators, rule of law posted a three-notch decline to the 25th spot from last year’s 22nd.

In terms of Trade liberalization which covers the number of regional trade agreements, capital account liberalization and investment freedom as its sub-indicators, the country fell by one notch to the 17th spot from last year’s 16th, mainly because of its score in capital

account liberalization. Export indicators in this report showed that the Philippines improved its exports of goods and services as it climbed a spot to the 18th spot from last year’s 19th; while another indicator, the export concentration, showed the country improved its ranking as it climbed by five notches to 17th spot from last year’s 22nd ranking. “We measure export diversification by evaluating an economy’s bilateral trade destinations and how heavily its exports are concentrated by sector,” the 2023 Hinrich-IMD STI report noted. The Philippine ranking in the Societal pillar climbed to the 14th spot from last year’s 17th; however, data from the report indicated that the country’s performance in the area of political stability and absence of violence deteriorated to the 27th from last year’s 25th spot. According to the 2023 STI, social factors matter in an economy’s capacity to trade internationally over the long term. “Economies are measured on the environment that encourages and supports the development of human capital, such as the extent of education and labor standards,” the study said. The report also noted that this pillar captures factors that influence public support for trade expansion. These include income inequality, political stability, goods produced by forced and child labor, and the government response to human trafficking. Under the Environmental pillar, which measures the “extent to which an economy’s trade supports sustainable resources,” the country’ ranking climbed to the 4th spot from last year’s 5th. However, it’s worth highlighting that air pollution in the country has worsened: its ranking fell six notches to the 18th spot this year from last year’s 12th. “While an economy’s capacity to participate in the global trading system is dependent on economic development, achieving sustainable trade requires prudent stewardship of natural resources and limiting externalities in an economy’s economic calculus to promote its overall environmental capital,”the report noted. Hinrich-IMD said the STI measures 30 economies’ readiness and capacity to participate in the global trading system by analyzing 71 indicators grouped into three “pillars” that align with the long-term goals of economic growth, societal development, and environmental protection. For her part, Kathryn Dioth, CEO of the Hinrich Foundation, pointed out that while global trade continues to expand in value, “that is mainly due to higher commodity prices.” Dioth said, “The global trade system is experiencing fragmentation that threatens to erode the achievements of 70 years of globalization,” adding that “protectionist trade policies are being implemented under the guise of responding to the headwinds of postpandemic inflation and geopolitical tensions.” HInrich-IMD said of the 30 major trading economies studied by the STI 2023, the two that excelled in achieving such a balance were, for the second year in a row, New Zealand and the United Kingdom. Singapore jumped from 5th to 3rd place, and Japan dropped four positions, from 4th to 8th place.

HE also called out China for trying to distort the facts of incidents in its recent statements on the matter, where it supposedly tried to exercise restraint during the collisions. “Any unbiased person with a modicum of reason will see that this is not restraint,” Teodoro said. He also slammed Beijing for reiterating its earlier claim that Manila had committed to remove the BRP Sierra Madre from the Ayungin Shoal: a claim already denied by President Marcos. The recent collisions, Teodoro said, cast doubts on the possible enforcement of the pending Code of Conduct for ships passing the South China Sea, which was discussed last Monday in Beijing. “What kind of message is this [incident] signaling? I want to know and we deserve undistorted answers, the truth from the government of China,” Teodoro said.

www.businessmirror.com.ph

NG...

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Based on the second quarter of 2023, data from the Philippine Statistics Authority (PSA), showed that the average cost of residential and commercial construction increased to P11,344.44 per square meter. This was an increase of 3.7 percent compared with the average cost of P10,937.69 in the second quarter of 2022, said PSA. The data showed among residential constructions, residential condominiums posted the highest average cost of P17,396.98 per square meter during the quarter, while other residences recorded the lowest average cost of P6,566.74 per square meter. Edillon said the adjustment was also done to support the Pambansang Pabahay para sa Pilipino program, which will include a component to make the housing units affordable. “As we have seen in the past, developers are not keen on socialized housing projects, even with the tax and non-tax incentives. There are many reasons why this is so; one of these is the low price ceiling to qualify,” Edillon told BusinessMirror. In a statement, the DHSUD said under the adjusted ceiling , socia l i zed subd iv ision projects now cost no more than P850,000 from the current P580,000 for units with a minimum floor area of 28 square meters with a loft of at least 50 percent of the base structure or 32 sqm, subject to existing rules and regulations. The September 2018 Memorandum Circular released by the government stated that the 28 sqm is the largest floor area. The memorandum still provided a ceiling for 22 sqm at P480,000 and 24 sqm at P530,000. Meanwhile, socialized condominium projects are now set at P933,320 for 22sqm; P1,060,591 for 25 sqm; and P1,145,438 for 27 sqm for a four-storey building. For projects composed of five- to nine-storeys, the pricing is P1 million for 22 sqm; P1.14 million for 25 sqm and P1.23 million for 27 sqm, and for 10 floors above projects, 22 sqm units cost P1.32 million;

25 sqm at P1.5 million; and 27 sqm at P1.62 million. In 2018, the Memorandum Circular stated that the ceiling price for 22 sqm in Metro Manila and nearby areas is at P700,000 while the 24 sqm is at P750,000. For other areas, the 2018 rule stated that the 22 sqm is at P600,000 while the ceiling for the 24 sqm is at P650,000. “With the inclusion of land development cost, socialized condominium projects’ price ceiling is set at maximum P1.8 million,” the DHSUD said about the new JMC. The DHSUD said the JMC is expected to strengthen the partnership between the government and private sector in housing and real estate development, particularly in socialized housing for minimum wage earners and informal sellers, which could trigger massive economic activities in the sector and about 80 aligned industries. JMC No. 2023-003 emphasized “…the existing price ceiling for socialized housing no longer responds adequately to prevailing market conditions, including rising development and construction costs, thereby, discouraging the private sector from building affordable houses for low-income and underprivileged families.” It added, “…to address the housing needs of approximately 6.5 million Filipino households, a two-pronged approach is necessary, which involves encouraging private sector participation in constructing socialized housing units and fully implementing the Pambansang Pabahay para sa Pilipino Program, led by DHSUD in collaboration with its key shelter agencies and local government units.” Republic Act 11201 or the Department of Human Settlements and Urban Development Act mandates the DHSUD and NEDA to determine the price ceilings for socialized, low cost or economic and middle-income housing. The law provides that the price ceiling may be reviewed or revised any time, but not more than once every two years.

Diversified...

Continued from A1

She also stressed the crucial role of capital investments to accelerate innovation, and support startups as venture capital funding in travel and tourism reached $48 billion in the same period, proving the tourism sector’s resilience. She noted the rapidly growing role of public provident funds and sovereign wealth funds, which has invested around $20 billion in the hotel and leisure industry since 2016. According to a recent joint study by the UNWTO and fDI Intelligence, the Philippines tourism sector benefited from a capital investment of $11.1 billion, which funded 26 projects from 2018 to 2022. (See, “PHL ranks 3rd global tourism FDI recipient in ’18-’22,” in the BusinessMirror, October 16, 2023.) Meanwhile, the Department of Tourism (DOT) cited its unique role in bringing the private sector and the academe together to focus on tourism education, enhancing the Filipinos’ skills in the hospitality business that makes them highly desirable abroad.

Global Education Forum

SPEAKING as a panelist during the Global Education Forum on the sidelines of UNWTO 25th General Assembly on October 19, Tourism Secretary Christina Garcia Frasco said, “Tourism in the Philippines employs over 5.35 million Filipinos accounting for over 11.4 percent of our entire national employment

and therefore, the focus of our government has been to ensure that at every level of education—from basic education, technical vocational as well as higher education, there are interventions that would ensure quality tourism education.” She explained, “The Philippine government is governed by the Philippine Tourism Human Capital Development Plan, which lays down the strategy of convergence among government agencies to ensure that the approach towards tourism education is not only theoretical but also practical. And the role of the [DOT] has been to be the bridge between the academe and the industry.” She noted the multipronged aproach of tourism education in the Philippines through the Department of Education, the Technical Education and Skills Development Authority, and the Commission on Higher Education. “What the DOT does is to bridge all of these departments with the Tourism Industry Board Foundation, which is a composite of various associations in the entire tourism value chain composed of tour operators, travel agencies, hotel owners and operators, even restaurateurs and the like, so that the curriculum of every level of tourism education continues to be updated to correspond to global trends and continues to apply the concept of innovation especially in response to the changing needs of the consumer,” said Frasco.

Tuesday, October 24, 2023

www.businessmirror.com.ph • Editor: Vittorio V. Vitug

Groups back ‘independent’ expert inquiry into Kaliwa Dam project

HE Climate Rights International (CRI) and the Manila Observatory (MO) joined the call to stop ongoing activities for the construction of the New Centennial Water Source-Kaliwa Dam Project, and urged President Ferdinand R. Marcos Jr. to stop all related activities pending an independent expert inquiry into the project’s potential adverse impact to people and the environment. At the same time, the groups, in a letter to the President dated October 16, also urged the government to commit to implementing the recommendations arising from the investigation. The P12.2-billion Kaliwa Dam Project is expected to be completed by mid-2026 and will be able to supply water to Metro Manila households and nearby areas by early 2027. Eyed to augment supply from the 60-yearold Angat Dam, the Kaliwa Dam Project has been strongly opposed by environmental groups and communities, including the Dumagats of Quezon and Rizal because of fear of its environmental impacts. A global non-governmental organization dedicated to protecting human rights and addressing climate change, CRI and MO, however, commended President Marcos’ commitment to prioritize environmental concerns and the country’s resilience to climate change. They also appreciated the President’s acknowledgment of the invaluable role played by Indigenous Cultural Communities and Indigenous Peoples (IP) in preserving the

country’s rich cultural heritage. However, after conducting field research and consulting local residents and experts, CRI and MO said they have identified “serious concerns” about the Kaliwa Dam project. These concerns encompass both the environment and the human rights of the IPs within the project area. According to CRI and MO, the construction of the dam is expected to cause severe economic repercussions on the DumagatRemontado IPs and local communities who depend on agriculture and tourism. They also raised alleged irregularities in compensation distribution, which have raised questions about the application of the Indigenous Peoples’ Rights Act (IPRA). The two climate organizations also raised the issue of the Free, Prior, and Informed Consent (FPIC) process as there are accusations of insufficient consultations, adding that if any, the processes that have been made by local residents and nongovernment organizations are “flawed.” Lastly, the CRI and MO raised the dam’s construction threatens the cultural and spiritual heritage of the IPs, particularly due to the loss of the sacred Tinipak River. They maintained that the construction of the Kaliwa Dam within a forest reserve could lead to increased deforestation and damage to the Sierra Madre’s unique ecosystem, increasing the risks of disaster as the project may exacerbate typhoon-related risks, flooding, landslides, and erosion in the region.

Go meets with OFW groups in London

PON the invitation of the British Group Inter-Parliament Union, Senator Christopher “Bong” Go joined Senate President Juan Miguel Zubiri and Senator Grace Poe as they represented the Philippine Senate during an official visit to the United Kingdom from October 16 to 18. The visit, led by SP Zubiri and Sen. Poe as co-heads of delegation, was Go’s first visit to the UK. The invitation was aimed at strengthening relations of the Philippine Senate with its parliament counterparts in UK through a series of dialogues to exchange best practices in policymaking while strengthening bilateral relations, fostering economic security, and exploring areas of cooperation between the two countries. Go, who is also chair of the Senate Committee on Health, vice chairperson of the Senate Committee on Migrant Workers and member of the Senate Committee on Foreign Relations, also maximized the visit to highlight efforts in promoting the welfare of more than 200,000 overseas Filipino workers (OFWs) in the UK, particularly the more or less 40,000 Filipino nurses working there. On October 19, after his official functions, Go was invited by OFW groups who are members of the Filipino community in the UK to a meetand-greet at the Romulo Café & Restaurant in London. The groups were comprised of Filipinos working and residing in London who came from various parts of the Philippines. Some were fellow Davaoenyos, Ilocanos, Bicolanos, Ilonggos, among others, including those from Filipino Muslim communities. While witnessing the camaraderie of the Filipino community there, he provided tokens to the OFW leaders present. He expressed,

“ikinagalak ko na makasama kayo ngayon. Kung anuman ang maitutulong ko, nandito po ako na handang magserbisyo sa inyo sa abot ng aking makakaya.” “Actually, this is my first time to be here sa London, sa United Kingdom. Isinama po ako ni SP Migz Zubiri, we had a fruitful meeting with our counterparts sa parliament dito,”Go shared. “We had the opportunity to meet with the Speaker of the Lords and the Speaker of the Commons. At marami po kaming natutunan,” he shared. He took this opportunity to highlight the establishment of the Department of Migrant Workers (DMW), a significant stride when it comes to addressing the concerns of OFWs. “Gusto kong ibalita sa inyo na as one of the authors and co-sponsors ng Department of Migrant Workers Act, mayroon na po kayong departamento na nakatutok po sa inyo. Prayoridad ito ni dating pangulong Rodrigo Duterte noong termino niya at naisabatas natin ito sa tulong ng aking mga kasamahan sa Senado at Kongreso,” he shared. Go was one of the authors and co-sponsors of the Senate version of Republic Act No. 11641, which created the DMW. The law streamlined the organization and functions of all government agencies related to overseas employment and migration through the creation of the DMW. Go also mentioned that he has filed Senate Bill No. (SBN) 2297, seeking to institutionalize the OFW Hospital and ensure its continuous operation. The bill aims to improve healthcare services for OFWs and their families by strengthening the existing facility and allocating necessary funds for its maintenance and operation.

Senate junks Senate suit vs Malacañang memo for execs to skip Senate hearings

HE Supreme Court (SC) junked the petition filed by the Senate in 2021 seeking to declare as null void for being unconstitutional the memorandum issued by then President Rodrigo Duterte, barring officials and employees of the Executive branch from appearing before the Senate Blue Ribbon Committee’s (SBRC) probe into alleged anomalies in the disbursement of P67.3-billion Covid-19 funds. In a 21-page decision penned by Associate Justice Amy Lazaro-Javier, the Court en banc held that it “is constrained to dismiss the petition for having been prematurely filed.” The Court explained that the assailed memorandum issued by Duterte raised jurisdictional challenge, whether the subject inquiry of the SBRC properly falls within its jurisdiction or within the jurisdiction of the Joint Congressional Oversight Committee (JCOC) created under the Bayanihan Acts, which

should have been resolved first by the Senate before seeking relief from the SC. “Notably, the forum to address such jurisdictional claim is the Senate and its committees themselves. This recognition is meant to accord the highest respect for the Senate’s own Rules of Procedure Governing Inquiries in Aid of Legislation,” the SC declared. The SC noted that Section 3 of Senate Rules states: “If the jurisdiction of the Committee is challenged on any ground, the said issue must first be resolved by the Committee before proceeding with the inquiry.” Ruling on the petition filed by the Senate, according to the Court, would violate the principle of separation of powers between the legislative, executive and judicial branches of the government. It can be recalled that in 2021, the SBRC Continued on A4

Experts uncover ‘sophisticated’ cyber espionage campaign targeting govt entities in APAC Region By Lorenz S. Marasigan @lorenzmarasigan

YBERSECURITY experts at Kaspersky have uncovered a long-running espionage campaign, ominously dubbed “TetrisPhantom,” which specifically targets government entities in the Asia-Pacific (APAC) Region. According to its latest quarterly advanced persistent threat (APT) threat landscape report, TetrisPhantom is a “highly sophisticated” and persistent threat with no discernible links to known threat actors. Operated by a previously unknown actor, the TetrisPhantom campaign came to light early in 2023. This covert operation involved the exploitation of a particular type of secure USB drive, specifically designed for secure data storage and encryption. These secure USB drives are widely employed by government organizations globally, suggesting the potential for similar techniques to be used against a broader range of entities. “Further investigation revealed a long-running campaign consisting

of various malicious modules, used to execute commands and collect files and information from compromised machines and pass them on to further machines using the same or other secure USB drives as a carrier. They are also capable of executing other malicious files on the infected systems,” the report read. It added that the attack comprises sophisticated tools and techniques, including virtualization-based software obfuscation for malware components, low-level communication with the USB drive using direct small computer system interface (SCSI) commands, self-replication through connected secure USB drives to propagate to other air-gapped systems and injection of code into a legitimate access management program on the USB drive, which acts as a loader for the malware on a new machine. “The attacks were extremely targeted and had a quite limited number of victims. Our investigation revealed a high level of sophistication in the malicious tools used in the deployment of the attacks. We believe these attacks have been carried out by a highly skilled and resourceful threat

actor interested in espionage activities in sensitive and protected government networks. It is therefore very important to build a deep understanding of the TTPs [tactics, techniques, and procedures] of this threat actor and to watch out for future attacks,” Kaspersky’s report warned. Noushin Shabab, senior security researcher at Kaspersky’s Global Research and Analysis Team (GReAT), noted that what is concerning about these attacks is that there is an absence of any known threat actor’s identity, which indicates that his campaign is the work of a new adversary. “Our investigation reveals a high level of sophistication, including virtualization-based software obfuscation, low-level communication with the USB drive using direct SCSI commands, and self-replication through connected secure USBs. These operations were conducted by a highly skilled and resourceful threat actor, with a keen interest in espionage activities within sensitive and safeguarded government networks,” Shabab explained. As the TetrisPhantom campaign

remains active, experts are closely monitoring its progress and anticipate even more sophisticated attacks in the future, she noted. Shabab recommended organizations to regularly update their operating system, applications, and antivirus software to patch any known vulnerabilities. They are also to exercise caution when responding to emails, messages, or calls requesting sensitive information and are recommended to provide their Security Operations Center (SOC) team with access to the latest threat intelligence. Shabab also proposed organizations to upskill their teams while implementing endpoint-level detection, investigation, and timely incident remediation by deploying solutions such as Kaspersky Endpoint Detection and Response (EDR). She said by adhering to these mea su res, orga n i z at ions cou ld enhance their defenses against emerging threats like TetrisPhantom and protect their sensitive data from espionage attempts targeting government entities in the APAC region.

Chinese ‘harassment’ triggers rise in tension in WPS, NSC exec warns By Rex Anthony Naval & Butch Fernandez @butchfBM

HINA’S continuing efforts to impede and harass Filipino supply boats and their escorts on going about their lawful mandate in the West Philippine Sea (WPS) is increasing the tensions in the area as exemplified by the latest collision incident that affected two Philippine vessels last Sunday. “The provocative actions are on the part of China. It is not the Philippines that is increasing tension, it is China that is increasing tension in the WPS, especially by interfering and blocking our legitimate resupply mission,” National Security Council (NSC) Assistant Director General Jonathan Malaya said at a news briefing Monday. Malaya also described the collision that damaged Philippine Coast Guard (PCG) vessel, PCG Cabra (MRRV-4409) and supply boat, Unaiza May 2 as “alarming.” Also, the NSC official, who is also National Task Force for the West Philippine Sea (NTF-WPS), said National Security Adviser Secretary Eduardo M. Año condemned in the strongest degree the “latest dangerous, irresponsible and illegal blocking maneuvers of the China Coast Guard (CCG) in consort with the Chinese maritime militia (CMM), that caused it to collide with Unaiza May 2, approximately 13.5 nautical miles of BRP Sierra Madre (LS-57) in Ayungin Shoal. “We also condemn in the strongest terms the same illegal acts by Chinese vessels that caused CMM Vessel 00003 to bump PCG MRRV 4409 while it was lying approximately 6.4 nautical miles northeast of Ayungin Shoal. As we have repeatedly said in the past, continued Chinese blocking and interference by Chinese vessels with our regular and routine rotation and resupply (RORE) missions to BRP Sierra Madre may lead to disastrous results,” Malaya said. And while thankful that no lives were lost in the collision Sunday, China’s provocative and irresponsible actions can clearly compromise the safety of the Filipino crew manning the affected ships, the NSC official added. Despite knowing that they’re dangerous and illegal maneuvers could cause a maritime mishap, these Chinese vessels continued with their “their reckless and illegal acts,” causing the collision in an attempt to interfere with a legal and legitimate Philippine operation.

“We are relieved and thankful that no Filipino personnel were harmed, but we are concerned by the escalation and provocations by Chinese vessels [that] have no business being in the West Philippine Sea. The CCG’s claim that They were conducting law enforcement activities have no or zero basis whatsoever—Ayungin Shoal is well within the Philippines’ 200-nautical mile exclusive economic zone (EEZ). Therefore, China has no legal authority or basis to enforce anything in those waters and in the entire WPS,” he added. Malaya, who is also NTF-WPS spokesperson, also dismissed China’s claims that the country needs to make prior notification before making any resupply mission to Ayungin Shoal. “Again, we ask: Why should we do so? Ayungin Shoal is not Hainan Island. Moreover, their claim that their actions were professional and legitimate collapses in the face of overwhelming evidence to the contrary,” he added. And since only one Filipino supply boat, the Unaiza May 1, was able to complete its supply mission, Malaya said they consider this RORE mission as a partial success. Unaiza May 2 was unable to unload its cargo as a result of the damage caused by the collision. “Nonetheless, the Philippines will never be deterred by the provocative actions of China. We will continue to repair, maintain and sustain our troops in BRP Sierra Madre while the said ship is on duty in defense of our sovereignty, Sovereign rights and jurisdiction in the WPS,” Malaya said.

Violations AS this developed, the PCG said the CCG and the CMM violated three international maritime rules during two separate collisions during the RORE for the Ayungin Shoal detachment. Rules violated are under Convention on the International Regulations for Preventing Collisions at Sea, 1972 (COLREGs) of which China is also a signatory state. “The first one [violated] is Rule 2 or ‘the responsibility of the vessel.’ This rule emphasized that nothing in the COLREGs can absolve any vessel from the duty to avoid a collision,” PCG spokesperson for WPS Commodore Jay Tarriela said. He added t hat intentiona l ly blocking a vessel not only increases the risk of collision but also disregard the “fundamental principle of

taking action to prevent a potential collision.” Another rule violated by China, he said, was Rule 7 or “the risk of collision,” which requires every vessel to “use all available means appropriate to the prevailing circumstances and conditions to determine if a risk of collision exists.” “Rule 7 is considered in conjunction with other relevant rules and factors, such as Rules 5 (look-out), 6 (safe speed), and 8 (action to avoid collision),” he said. He said the Chinese vessels also violated Rule 18A or “the responsibilities between vessels,” which requires vessels to keep out of the way of another vessel if the latter has the right of way. “By deliberately blocking a vessel, you are not allowing the other vessel to proceed in accordance with their right of way,” he said. These incident has shown escalating action from Chinese maritime militia vessels that were previously limited to supporting the CCG through blocking maneuvers, Tarriela stressed, “For the first time, the Chinese maritime militia vessels are also doing such dangerous maneuvers that even [caused a collision] with our PCG vessel. Before, they were just taking orders from the CCG,” he said. Prior the October 22 collisions, a People’s Liberation Army Navy (PLAN) ship attempted to cross the bow of naval transport BRP Benguet while en route to a RORE mission in Rizal Reef last October 13. “The report says that there were instances of harassment this particular way, shadowing operation, but this is the first time that they tried to cross the bow of our naval vessel which is LS-507, which is a kind of elevation of their activities as far as RORE mission with, in Rizal Reef is concerned,” Armed Forces of the Philippines (AFP) spokesperson Col. Medel Aguilar said in an interview with CNN Philippines last October 17. AFP chief Gen. Romeo Brawner Jr. earlier urged China to cease these dangerous maneuvers and aggressive actions towards Philippine vessels.

Senators, Akbayan weigh in on WPS collision SENATORS and a political party have weighed in on Sunday’s collision between a CCG ship and Philippine boats on a resupply mission at Ayungin Shoal, saying the incident poses serious threats to maritime safety and warrants a rethinking of the country’s current strategies in dealing with the bullying by its Asian neighbor right

within the Philippines’ EEZ. “We strongly condemn the reckless and hostile behavior of the Chinese Coast Guard towards our resupply boat contracted by the Armed Forces of the Philippines (AFP), resulting in a collision near Ayungin Shoal. These actions not only violate maritime norms and international law but also pose a threat to the safety and security of the region,” said Sen. Jinggoy Estrada, chairman of the Senate Defense Committee. Lamenting the “utter lack of respect for us and our people’s lives,” Estrada stressed in a statement in Filipino: Dapat pag-aralan na ng mga kinauukulan ang susunod na hakbang. It is time, he added, to “study well our next move,” asking, “Will a mere diplomatic protest still suffice this time?” A similar call for a restrategizing was made by Sen. Grace Poe, who heads the Senate Public Services Committee. “While an immediate diplomatic protest is anticipated, the recent incident calls for a serious rethinking of our strategies in dealing with these acts,” said Poe She suggested in a statement Monday, “As we firmly assert our rights in our waters, fortifying our relations with like-minded states must continue to thwart similar belligerent actions.” Poe conveyed caution in a statement issued Monday that “China’s latest act of aggression poses a credible concern that could heighten the tension not only between Philippines and China, but could also be a potential flashpoint in the region.” At the same time, the Akbayan Party suggested using the 2016 Arbitral ruling favoring Manila over Beijing in order to reckon with China’s “continued intrusion in the West Philippine Sea.” “We raise our voice once more and condemn this latest brazen show of aggression. We stand with the brave men and women of our Coast Guard. We call upon the Marcos administration to hold fast to our historic victory at The Hague and ram the UNCLOS ruling straight into China!” Akbayan Party President Rafaela David said. David added: “Regardless of the frequency with which China’s vessels ram our boats and its water cannons target our brave fisherfolk and dedicated frontliners, the immutable truth remains: the West Philippine Sea is unequivocally and indelibly ours. China will only inevitably ram headlong with the unyielding reality that it stands as a trespasser and usurper in our territory.”

Tuesday, October 24, 2023

Economy

Editor: Vittorio V. Vitug • www.businessmirror.com.ph

RTC issues injunction vs delivery of driver’s licenses, LTO chief Mendoza outlines options

HE Land Transportation Office (LTO) is being forced to stick to the status quo on the issuance of driver’s licenses—a

period characterized by delays and backlogs—as a local court issued a writ of preliminary injunction against its supply contract for plastic cards.

At a news conference on Monday, LTO Chief Vigor Mendoza II said a Regional Trial Court (RTC) of Quezon City has issued the injunction, preventing Banner Plasticard Inc. and the regulatory body from exercising the supply contract. “The preliminary injunction is not yet effective because the court has ordered the petitioners, AllCard, to provide an injunction bond of P6 million. As of now, the bond has yet to be provided, so the writ of preliminary is not yet effective,” he said. To recall, Allcard Inc., the bidder that failed the post-qualification process for the said deal, sought the issuance of a stay order against the deal, citing “grave abuse of discretion regulating in lack or excess of jurisdiction to post disqualify petitioner Allcard, despite being the lowest calculated bidder and consequently to question the award of the contract to respondent Banner Plasticard Inc.” A local court issued a stay order against the LTO against the award of the license card supply contract. The

temporary restraining order lapsed after 20 days. However, since the writ of preliminary injunction will be in effect “until the case has been resolved with finality or if the court orders that they are junking the injunction,” the LTO will be forced to delay the issuance of driver’s licenses anew. “If the injunction becomes effective, we will not be able to cater the current usage. What we can only cover now is the backlog of May and June,” Mendoza said. “If this preliminary injunction becomes effective, then we will be forced to go back to the status quo.” He explained that currently, the LTO is on track to process 600,000 cards for October—for the current usage of 30,000 cards per day, as well as the backlog for April. Banner has been able to supply the LTO with 1.9 million cards to date, just 3.3 million pieces shy from the 5.2 million cards to be delivered. “Our supplier continues to deliver until the injunction has been

effective. So what will happen? We will be forced to extend again the expired licenses for November and December and onwards until April 2024,” Mendoza lamented. He noted that the Office of the Secretary General (OSG) is working to have the injunction junked. To prevent the repeat of the supply gap that happened this year, Mendoza said the LTO is now seeking the permission of the Department of Transportation (DOTr) to start the auction for the 2024 plastic card supply as early as now. It plans to acquire 4.6 million cards for the anticipated demand for licenses for the first 10 months of 2024. “So now, we will start the bidding process. By January 2024, we will be able to award this new contract to the bidder. Because of that, we are hoping that 4.6 million cards will cover the needs of the 10 months of 2024, including the backlog that will be carried over,” he explained. To hasten the bidding, the regulatory body is reviewing if it can

implement the project through a government-to-government contract, specifically with the National Printing Office. “If that is something that we can do to accelerate our bidding process to ensure that by January, we already have license cards,” Mendoza said. But even with this initiative, the induction will still cause another “two to three months of delay” in addressing the 2023 backlog, he noted. In the longer term, Mendoza said the LTO is now “studying the use of electronic licenses or e-licenses.” “We have set up a technical working group on how to implement elicense for domestic use. As part of the long-term solutions to this driver’s license problem. This could also generate savings of P300 million to P400 million a year from having physical cards, which can be made exclusive to overseas Filipinos or overseas travelers,” he said. Lorenz S. Marasigan

Senate junks Senate suit vs Malacañang memo for execs to skip Senate hearings Continued from A3

started an investigation into the budget utilization of the Department of Health (DOH) following a report from the Commission on Audit (COA) that there was a deficiency of P67,322,186,570.57 in public funds intended for the government’s Covid-19 response. The SBRC then conducted hearings on the following matters: (1) the DOH’s underutilization of its 2020 budget; (2) the procurement of Covid-19 vaccines by local government units; (3) unspent funds, misstatements, irregularities, and deficiencies of the DOH, as found by COA; and (4) payment claims issues between the

Philippine Health Insurance Corporation and private hospitals. The hearings were attended by concerned officials from the Executive Department, including then DOH Secretary Francisco Duque III. However, executive officials stopped attending the hearings after then President Duterte, through Executive Secretary Salvador C. Medialdea, issued a memorandum dated October 4, 2021 directing all officials and employees of the Executive department to cease from attending the SBRC hearings on the government’s disbursement of the Covid-19 funds. Joel R. San Juan

News

www.businessmirror.com.ph • Editor: Vittorio V. Vitug

What will AI do to us in 2024? AI-assisted technologies into their platforms, creating wholly new features, or enhancing best-sellers. Software engineering, a critical process for any tech-driven business, stands to benefit from AI’s efficiency.

The ownership revolution

AS part of the ongoing vendor push to infuse AI into services, more applications will become intelligent applications— apps able to respond appropriately and autonomously thanks to learned adaptation. The trend towards data ownership gains momentum.

Connected workforce By Henry J. Schumacher

RTIFICIAL Intelligence (AI) will take an oversized role in enterprise tech strategies in 2024. It therefore makes sense to look at coming AI developments: Let’s start with the views expressed by Bill Gates in an interview the other day: It is not for nothing that Bill Gates is considered a great visionary and optimist. In that interview, the entrepreneur and multibillionaire lives up to this reputation. Gates paints a picture of a future in which AI could take over education and health care. “Then children in Africa can learn mathematics with the help of an AI tutor or pregnant women can receive sensible health advice around the clock,” enthuses Gates. But he also admits that no one has yet fully understood exactly how AI works: “It’s strange, we know the algorithm, but we don’t really know how it works.” Here too, the 67-year-old is confident that “in the next decade, we will have a very clear understanding of what is going on in AI.” Can AI be used to develop superintelligence that would be far superior to humans? Unfortunately, Gates doesn't want to commit to this question. You want to comment? Next, let’s look at top strategic technology trends seen by others for 2024:

Generative AI to spread across the organization

NEXT year, it is expected that generative AI will continue its spread across the organizations, as the barrier of entry to the technology continues to dissolve and vendors embed it across solutions. Large language models will serve as a key driver of adoption, as they allow workers to access knowledge in a conversational style.

AI and security management

IT leaders will need to erect AI security and privacy guardrails as adoption expands throughout the enterprise. Without guardrails, AI models can rapidly generate compounding negative effects that spin out of control, overshadowing any positive performance and societal gains that AI enables.

AI-augmented development

VENDORS spent much of 2023 plugging

THE talent crunch is likely to persist into 2024 across a variety of roles. To boost the value each employee can provide, it is expected that technology leaders will enable an approach they call the augmentedconnected workforce. This strategy relies on intelligent applications and workforce analytics to offer workers context and guidance.

Protecting your web world

GUARDING against cybersecurity attacks will continue to consume resources next year. Businesses will have to focus on continuous threat exposure management.

Machine customers

AI will boost the speed and efficiency of organizations next year and, in the process, it will also become a considerable economic actor. As algorithms gain the ability to assess and execute purchases for organizations and individuals, the rise of the machine customer is expected to expand business considerably in the years to come.

Move towards sustainable technologies

INCREASED global interest in environmental, social and governance issues will put business decisions under greater scrutiny, especially amid the expectation of sharper government oversight. The trend will impact tech decisions, drawing more attention to the sustainability indicators associated with energy-heavy technologies, including AI and cloud computing.

Platform engineering towards business expansion

TECHNOLOGY leaders are expected to lean into platform engineering next year, the discipline of running self-service internal development platforms. This category of technology can enhance productivity, improve user experience, and accelerate the attainment of business value. In conclusion, whether we like AI or not, we have no option but to introduce AI in our operations. If we don’t, our competitors will threaten our business and our technical staff will join our competitors. I wish you luck in addressing the AI-guided technology changes in 2024. I look forward to your comments; contact me at hjschumacher59@gmail.com

LTFRB ‘whistleblower’ cited for contempt

ORMER Land Transportation Franchising and Regulatory Board (LTFRB) executive assistant (EA) turned “whistleblower” Jeffrey Gallos Tumbado was cited for contempt by the House of Representatives on Monday for his unsubstantiated and inconsistent claims of corruption in the agency which he previously served. House Committee on Transportation chairperson Rep. Romeo M. Acop made the decision in response to the motion of SAGIP party-list Rep. Rodante D. Marcoleta. Marcoleta made the motion after he was irked by what the lawmaker described as “changing testimonies” of Tumbado during the hearing. “After each and every question Mr. Chair, there has not been any basis for us to believe any of his statements or answers or replies to every question for example as I have said even the text messages presented earlier, initially he said it was authentic. Then he said it was spliced,” the lawmaker said. “So on the basis of our rules under Section 11, Paragraph E and F, Mr. Chair I move that he be declared in contempt,”he added. Acop ruled in favor of Marcoleta's motion and ordered Tumbado to be detained at the Batasang Pambansa Complex for a maximum of 10 days. The motu proprio inquiry of the House Committee on Transpor tation was in response to the expose of Tumbado on October 9, 2023 about the alleged multimillion corruption in LTFRB. Initially, he included LTFRB chairman

Teofilo Guadiz III and Transportation Secretary Jaime J. Bautista as among those involved in the said illegal activities in the agency. This prompted President Ferdinand R. Marcos Jr. to suspend Guadiz. Tumbado later recanted his initial claims, saying he has no direct knowledge of Guadiz as well as Bautista’s involvement in any instance of bribery in LTFRB. He admitted he only linked Guadiz in his expose after the latter transferred him to another position due to his misunderstanding with other EAs in the LTFRB. The former media reporter also said his allegations were based on the complaints by some public transport vehicle operators, which were relayed to him. During the course of the hearing, Tumbado invoked his right against selfincrimination when asked about the people involved in “spliced” SMS, which he supposedly sent to Guadiz on the said bribery incidents and attempts. Guadiz denied he received the said messages. Tumbado admitted he might be affected in case Congress decides to file cases involving the illegal activity he revealed in LTFRB. The committee later held an executive session, where Tumbado supposedly disclosed his personal knowledge on the illegal activity at the LTFRB due to slow processing time in the agency. Aside from the investigation in Congress, Tumbado is also set to appear before the National Bureau of Investigation on Thursday to substantiate his allegations on alleged corruption in LTFRB. Samuel P. Medenilla

Tuesday, October 24, 2023

NG creates council to stem rise in teenage pregnancy By Cai U. Ordinario

@caiordinario

HE national government (NG) on Monday bared the creation of the Adolescent Pregnancy Prevention Inter-Agency Council (APPIAC) to prevent the further increase in teen pregnancies across the country. The council, led by the Commission on Population and Development (CPD), seeks to create a national policy for the prevention of teenage pregnancies and provide social protection for teenage parents. The APPIAC will spearhead the creation and conduct of programs and policies to find definitive solutions to the multi-dimensional nature of teen childbearing, deemed by the government as a “national social emergency.” “The council is expected to devise policies and programs centered not only on the prevention of the issue but also the provision of social protection measures including counseling, mater-

nal health care and post-delivery care of Filipino girls who have already begun childbearing,” CPD said. The CPD will also create adolescentfriendly health facilities following norms of the Department of Health (DOH) and for schools to employ trained faculty and staff members on adolescent health and development (AHD). The CPD will collaborate closely with the DOH for the young parents’ overall well-being, the Department of Social Welfare and Development for their social protection, the Department of Education for the Comprehensive Sexual Education’s nationwide implementation as part of their academic curriculum, plus

the Department of the Interior and Local Government to ensure local government units’ involvement in the strategic programs, among others. Ex-officio members of the council will comprise senior officials of the agencies mentioned, including the Philippine Commission on Women, National Youth Commission, Commission on Higher Education, and Technical Education and Skills Development Authority. The Council will also include two members from civil society organizations or women’s rights groups; an adolescent and a youth representative from nationally represented organizations; and plus chairpersons of the leagues of provinces, cities, and municipalities. “The implication of adolescent pregnancies does not only cover the health of young Filipino girls; it also compromises young parents’ capacity to complete their education and achieve their aspirations, thereby diminishing their chances of being a productive member of their family or household, and the larger society as well. This is especially pronounced and more evident among the poor,” CPD Deputy Executive Director Lolito R. Tacardon explained in a recent radio interview. Tacardon also said there is a need to focus on increasing pregnancies among

10- to 14-year-old young women based on the Civil Registry and Vital Statistics (CRVS) data from the Philippine Statistics Authority. He mentioned that hospital births among their peers increased in 2021 to about 2,300, from a little over 2,000 at the onset of the pandemic. Despite the seemingly low numbers compared to the country’s overall teen population, Tacardon insisted that “one teenage pregnancy is one too many” in view of its life-long and irreversible consequences. CPD’s deputy head largely hinted at misinformation from the Internet and social media that tend to lead vulnerable teens into risky behaviors. “Another is the possibility of sexual abuse by older men, as revealed in the CRVS, which indicated that the live births among 10- to 14-year old mothers were sired by partners who are older than them,” Tacardon said. The CPD is the country’s lead organization in population and development, or POPDEV, for well-planned and empowered Filipino families and communities. It aims to enable communities to achieve their fertility intentions, prevent adolescent pregnancies, and consciously consider population factors in sustainable development initiatives.

DFA summons Chinese envoy over collision incident in WPS By Malou Talosig-Bartolome

HE Department of Foreign Affairs (DFA) has summoned the Chinese Ambassador to Manila and protested the two incidents of collision between Philippine and Chinese vessels near Ayungin Shoal in the West Philippine Sea (WPS) early Sunday morning. However, since Chinese Ambassador Huang Xilian is out of town, his deputy Zhou Zhiyong came instead and met with DFA Assistant Secretary Aileen Mendiola-Rau Monday. Mend iol a-R au person a l ly e xpressed to the Chinese diplomat the Philippine government’s “very strong protest” over the two incidents and handed over the note verbale expressing the same. “We conveyed our position that we have every right under UNCLOS

to carry out legitimate activities in our maritime zone, and that we do not accept any foreign interference,” Ma. Teresita Daza, DFA spokesperson, said in a news conference. She said China, as a “major power, bears a heavier responsibility of contributing to peace and stability in the region.” This is the 55th incursion of China in the West Philippine Sea that the Philippines protested this year. The National Task Force on West Philippine Sea (NTF-WPS), an interagency group led by the National Security Council, also “condemned in strongest terms” the latest incidents in what they called “dangerous, irresponsible, and illegal blocking maneuvers” by the Chinese Coast Guard “in concert with Chinese militias.” “While no lives were lost yesterday [Sunday], Chinese provocative

Comelec draft reso halts proclamation of BSKE candidates with pending cases By Patrick V. Miguel

HE Commission on Elections (Comelec) will be releasing a resolution to suspend the proclamation of Barangay and Sangguniang Kabataan (SK) candidates who have pending disqualification cases. Even if the candidates may win the election, Comelec has the jurisdiction to suspend their proclamation should their case remain unresolved, said

Chairman George Garcia on Monday in a radio interview. “Mag-i-isue kami ng suspension, suspending lahat ng proclamation ng mga kandidato na yan. [We will issue a suspension, suspending all the proclamation of those candidates],” said Garcia. More than 7,000 candidates were given “show-cause” orders due to alleged election violations, such as premature campaigning, and others.

and irresponsible actions have clearly impeded once again the safety of the Filipino crew,” NTF-WPS spokesman and NSC assistant director general Jonathan Malaya said.

China reaction ACCORDING to the Chinese Embassy, Zhou in turn conveyed to DFA Assistant Secretary Mendiola-Rau the “strong dissatisfaction and firm opposition of the Chinese side to the Philippine side” over the incident. In Beijing, the Chinese Ministry of Foreign Affairs also reiterated the accusation of the Chinese Coast Guard that it was the Philippine Coast Guard and resupply boat, which “intruded without permission” the waters near Ayungin Shoal (which they call Ren’ai Jiao). It said the Chinese Coast Guard (CCG) ships were “conducting law

There are more than 160 petitions for disqualification as of writing, and since the beginning of the campaign period, 341 candidates received show-cause orders for illegal campaigning. However, Garcia assured that the poll body would still prioritize the “due process,” and will not hastily disqualify or suspend candidates. “Pinapakita natin [na] ‘ di nagbibiro or nananakot lang [ang] Comelec. Dapat makatotohanan [ang] pagkilos natin (We want to prove that Comelec is serious about this. Out movement should be truthful),” said Garcia.

DOLE ties up with NGO in fight vs child labor

HE Department of Labor and Employment (DOLE) signed a memorandum of agreement (MOA) on Thursday with a non-government organization dedicated to addressing child labor in the Philippines. The new partnership between DOLE and World Vision Development Foundation Inc. through Project Against Child Exploitation or Project ACE aims to provide assistance to victims of child labor and to address child labor issues. “DOLE believes that children should be in school and not on the streets and in workplaces. T hey

should be free, not subjected to forced labor,” said Labor Undersecretary Benjo Santos Benavidez in the 4th anniversary celebration of the National Council Against Child Labor (NCACL). The number of child laborers in 2022 was placed at 828,000, showing a decline in number since 2021 with 935,000 child laborers, the Special Release on Working Children Situation published by the Philippine Statistics Authority (PSA) reported earlier in August. The percentage of child laborers decreased from 68.4 percent in 2021 to 56 percent in 2022. This indicates

a 12.4 percent decline in child labor. In the celebration, 100 profiled child laborers and their parents in Quezon City received services from participating agencies, including the DOLE livelihood assistance. From 2018 to 2022, 620,556 child laborers were profiled by DOLE. 614,808 were referred for necessary services, and 138,560 were provided with one. In June this year, DOLE also partnered with the Department of Social Welfare and Development (DSWD) in launching the “Makabata Helpline,” a child labor reporting system.

Patrick V. Miguel

enforcement” and the Chinese fishing vessels were “ just having normal fishing activities” when the Philippine resupply vessels were passing through the WPS. “In disregard of the warnings of the China Coast Guard vessels, they went headlong towards Ren’ai Jiao’s lagoon and bumped dangerously with the CCG ships,” the Chinese Foreign Ministry spokesman said. B e ij i n g s t re s s e d t h at it h a s show n “e x t raord i n a r y rest ra i nt and patience” when it comes to Ayungin Shoal. But the Philippines “chose to ignore China’s goodw ill and sincerity.” “China will continue to take necessary measures in accordance with domestic and international law to firmly safeguard China’s territorial sovereignty and maritime rights and interests,” the spokesman added.

Oil firms adjust fuel pump prices By Lenie Lectura @llectura

FTER three weeks of oil price cuts, prices of petroleum products are on the rise again. On Monday, oil companies announced they would increase gasoline prices by P0.95 per liter, diesel by P1.30 per liter, and kerosene by P1.25 per liter. These price adjustments resulted in a year-to-date net increase of P13.75/liter for gasoline, P11.70/liter diesel and P6.25/liter for kerosene. Petron, Shell, Caltex, Total, Unioil, Phoenix, PTT, Seaoil, Jetti said they will implement the price adjustments at 6 a.m. of October 23. Cleanfuel, meanwhile, will adjust its pump prices at 4:01 p.m. The price adjustments are necessary to reflect movements in the world oil market. Oil firms reflect these adjustments every week.

BusinessMirror

Tuesday, October 24, 2023

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

3D ANALYZER INFORMATION TECHNOLOGIES INC. 7-8/f Double Dragon Plaza, 255 Edsa Cor. Macapagal Blvd., Barangay 76, Pasay City BUDI KUSUMA Customer Service Representative - Mandarin Speaking 1.

Brief Job Description: Attracts potential customers by answering products and service questions; and suggesting information about other products and services. Maintains customer records by updating account information in Mandarin format. CAM, NHET PO Customer Service Representative - Mandarin Speaking

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China.

NGO, VAN DUC Customer Service Representative - Mandarin Speaking 13.

14. Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999

CHOI, SUNGJIN Customer Service Representative - Mandarin Speaking 4.

Brief Job Description: Attracts potential customers by answering products and service questions; and suggesting information about other products and services. Maintains customer records by updating account information in Mandarin format. DO VIET TRUNG Customer Service Representative - Mandarin Speaking

Brief Job Description: Attracts potential customers by answering products and service questions; and suggesting information about other products and services. Maintains customer records by updating account information in Mandarin format. DRAGY PUTRA UTAMA Customer Service Representative - Mandarin Speaking

DUONG THI LE Customer Service Representative - Mandarin Speaking 7.

HOANG, VAN SY Customer Service Representative - Mandarin Speaking 8.

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

KONG CHENG HUAT Customer Service Representative - Mandarin Speaking 9.

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

16.

17.

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China.

18.

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

NGUYEN VAN THANG Customer Service Representative - Mandarin Speaking 19.

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

NGUYEN VAN TUAN Customer Service Representative - Mandarin Speaking 20.

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

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

NGUYEN VAN QUOC Customer Service Representative - Mandarin Speaking

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999

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

NGUYEN THI PHUONG ANH Customer Service Representative - Mandarin Speaking

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999

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

NGUYEN THI HUYEN Customer Service Representative - Mandarin Speaking

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999

NGUYEN THE TRUONG Customer Service Representative - Mandarin Speaking

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999

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

NGUYEN DANG KHOA Customer Service Representative - Mandarin Speaking

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

15. CHO, YOUNGMIN Customer Service Representative - Mandarin Speaking

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

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

NGUYEN, DUY THIEN Customer Service Representative - Mandarin Speaking 21.

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

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

Basic Qualification: Mandarin speaking with at least some secondary education.

NGUYEN, HO CHI Customer Service Representative - Mandarin Speaking 22.

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

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

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China.

No.

SHINDE, SUYASH KRISHNA Customer Service Representative - Mandarin Speaking 26.

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

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China.

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

27.

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China.

28.

29.

30.

31.

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

TRAN, VAN TU Customer Service Representative - Mandarin Speaking 32.

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999

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

TRINH, QUOC THAI Customer Service Representative - Mandarin Speaking 33.

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

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China.

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

TRAN, VAN PHO Customer Service Representative - Mandarin Speaking

Basic Qualification: Mandarin speaking with at least some secondary education.

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

TRAN, VAN HOI Customer Service Representative - Mandarin Speaking

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

TRAN, THI MUOI Customer Service Representative - Mandarin Speaking

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

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China.

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

TONG, VAN QUAN Customer Service Representative - Mandarin Speaking

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999

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

THAO, SEO PAO Customer Service Representative - Mandarin Speaking

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

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

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

VASWANI, KHUSHBOO Customer Service Representative - Mandarin Speaking 34.

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

Salary Range: Php 30,000 - Php 59,999 VI, VAN LUONG Customer Service Representative - Mandarin Speaking

LE, VAN MINH Customer Service Representative - Mandarin Speaking 10.

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

LENH LUI SY PHONG Customer Service Representative - Mandarin Speaking 11.

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

NGO DUC HOANG Customer Service Representative - Mandarin Speaking 12.

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

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

NGUYEN, QUANG TRUNG Customer Service Representative - Mandarin Speaking 23.

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China.

35.

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

Basic Qualification: Mandarin speaking with at least some secondary education.

VU VAN HOI Customer Service Representative - Mandarin Speaking PHAM, NGOC PHUC Customer Service Representative - Mandarin Speaking 24.

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

Basic Qualification: Mandarin speaking with at least some secondary education. Salary Range: Php 30,000 - Php 59,999

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

SAI SAI SAI KYEIN Customer Service Representative - Mandarin Speaking 25.

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

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China.

36.

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

Basic Qualification: Mandarin speaking with at least some secondary education. Salary Range: Php 30,000 - Php 59,999

VUONG THI HA Customer Service Representative - Mandarin Speaking 37.

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

QUALIFICATION AND SALARY RANGE Basic Qualification: Mandarin speaking with at least some secondary education. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in speaking, reading and writing in English and their respective native language for the position applied for. Fluent in Chinese Mandarin is an advantage. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Mandarin speaking with at least some secondary education. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999

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

Basic Qualification: Mandarin speaking with at least some secondary education. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Fluent in spoken & written Mandarin and other dialect spoken in other parts of China. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION XAU THUY QUYNH Customer Service Representative - Mandarin Speaking

38.

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

YONG MENG TAT Customer Service Representative - Mandarin Speaking 39.

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

ZIN MOE TUN Customer Service Representative - Mandarin Speaking 40.

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

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

41.

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

ANDREAS KURNIAWAN Indonesian Speaking Customer Service Officer 42.

Brief Job Description: Prepares product or service reports by collecting and analyzing customer information. ANUGERAH LAOWO Indonesian Speaking Customer Service Officer

43.

Brief Job Description: Manage large amount of calls, and handle customer concerns. BERNARD Indonesian Speaking Customer Service Officer

44.

Brief Job Description: Manage large amount of calls, and handle customer concerns. CINTA MEWIN ELISABETH Indonesian Speaking Customer Service Officer

45.

Brief Job Description: Manage large amount of calls, and handle customer concerns. EKO SULISTIO SULIMIN Indonesian Speaking Customer Service Officer

46.

Brief Job Description: Prepares product or service reports by collecting and analyzing customer information.

FERNANDO GONNERY Indonesian Speaking Customer Service Officer 47.

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

HARI Indonesian Speaking Customer Service Officer 48.

Brief Job Description: Prepares product or service reports by collecting and analyzing customer information.

JIMMI CANDRA Indonesian Speaking Customer Service Officer 49.

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

JOHAN ONGKO WIJAYA Indonesian Speaking Customer Service Officer 50.

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

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

GOSS, SEBASTIAN Packaged App Development Analyst

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: 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); and perform knowledge transfer about business requirement/functional design written in required language to team lead and members.

54.

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

PANCHAGNULA, VIJAYA Pricing Support Senior Analyst 55.

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

Basic Qualification: Excellent in reading, writing and speaking in foreign language. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Foreign language speaking.

51.

Brief Job Description: Prepares product or service reports by collecting and analyzing customer information.

EYENGA DOUMOU, INGRID ANNIE Subject Matter Expert 56.

52.

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

SONG, BYEONG GON Sr. Associate, Data MGMT

Basic Qualification: Foreign language speaking. 57.

Basic Qualification: Foreign language speaking.

53.

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

NGUYEN THI QUE GIANG HR SVCS Admin - SCR SVS - VNM

Basic Qualification: Foreign language speaking. 58.

Brief Job Description: Administer the initiation and adjudication of medical backgrounds checks and provide additional support. Respond to system access requests, questions, and troubleshoot program issues on behalf of employees, managers and HR.

Basic Qualification: Foreign language speaking. Salary Range: Php 30,000 - Php 59,999

JETLEY, JUGAL RAVI Operation Manager 59.

Brief Job Description: Responsible to provide leadership and direction for the company developing and implementing operational policies overseeing and improving productivity and efficiency.

Basic Qualification: Foreign language speaking. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Excellent in reading, writing and speaking in foreign language.

65.

60.

Brief Job Description: Market the company’s products and services. Manage the service execution teams service and maintenance activities.

CHAMBERS, CHAD ROY Head Of Organizational Excellence 66.

CHU CUY CUONG Mandarin Speaking Customer Service Representative

Basic Qualification: Foreign language speaking. Salary Range: Php 30,000 - Php 59,999

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

KANUAM, KATTIYA Mandarin Speaking Customer Service Representative

Basic Qualification: Excellent in reading, writing and speaking in foreign language.

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

LE, VAN HA Mandarin Speaking Customer Service Representative

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

Basic Qualification: Excellent in reading, writing and speaking in foreign language.

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

LUONG THI HOA Mandarin Speaking Customer Service Representative

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

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

Brief Job Description: Key role in shaping the existing team at Booth and Partners in an operational and growth capacity. Dive company-wide initiatives in different departments.

FU, YUAN-CHENG Marketing Junior Manager 67.

Basic Qualification: With relative work experience. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Skilled in process improvement - participates in reviews of current process. Decision making skills - low to moderate complexity, some independence of organization, and timing of work responsibilities are routine and generally do not vary.

Basic Qualification: Excellent written and verbal communication skills in both English and Vietnamese are required. Customer service experience required (4 plus years). Problem solver, able to troubleshoot issues independently.

Brief Job Description: To monitor the corporation’s marketing activities, review applications and maintain relationships with clients.

WANG, CHANG-JUI Marketing Junior Manager 68.

Brief Job Description: To monitor the corporation’s marketing activities, review applications and maintain relationships with clients.

TANG, YUYI Sales Manager 69.

Brief Job Description: Uses data to project sales, determine profitability and targets and identify potential new market.

FAN, JUGUO Mandarin Project Controls Analyst 70.

Brief Job Description: He shall customize project control systems to meet specific project requirements.

CHEN, AO Chinese Speaking Admin Associate 71.

Brief Job Description: Provides administrative support to ensure efficient operation of sales training department.

DESMAND JEE SZE HAO Chinese Speaking Admin Associate Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

GUAN, SUQING Chinese Speaking Admin Associate 73.

74. Basic Qualification: Can speak Mandarin language.

Brief Job Description: Responsible for many clerical tasks to ensure the staff can communicate.

HE, NENGHAO Chinese Speaking Admin Associate Brief Job Description: Responsible for company administrative task.

Salary Range: Php 30,000 - Php 59,999 LI, YUNLONG Chinese Speaking Admin Associate 75.

Brief Job Description: Performs administrative duties related to operation and business service.

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

Basic Qualification: Can speak Mandarin language.

WANG, PING Chinese Speaking Admin Associate 76.

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

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

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

Basic Qualification: Male and 20-50 years old. Can speak Taiwanese and English languages. 2 years of experience. Strong verbal communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Male and 20-50 years old. Can speak Taiwanese and English languages. 2 years of experience. Strong verbal communication. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College graduate. With at least 3 years of work experience in a related position. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Fluent in speaking Mandarin language. Excellent skills in time management and communication. Salary Range: Php 30,000 - Php 59,999

CRONYX INC. 6-12, 15-19/f Royal Peak Tower A, 485 Quirino Avenue, Tambo, City Of Parañaque

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

Basic Qualification: Can speak Mandarin language.

Basic Qualification: Bachelor’s Degree in business admin or relevant course, at least 5 years’ experience running operations in a multinational company, and proficiency in data analysis.

CHINA HARBOUR ENGINEERING COMPANY 5/f Section E Ramon Magsaysay Center, 1680 Roxas Blvd., 076, Barangay 699, Malate, City Of Manila

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

Basic Qualification: College graduate. With at least 10 years of work experience in a related field. Fluent in English, Indian and Tamil languages.

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

CHANGHONG JIAHUA INFORMATION TECHNOLOGY PHILIPPINES INC. Unit 25d 2/f Zeta Ii Bldg., 191 Salcedo St., San Lorenzo, City Of Makati

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

Basic Qualification: Bachelor degree with more than 5 years of experience as operation manager with strong negotiation and excellent in written and verbal communications skills.

Basic Qualification: Can speak Mandarin language.

CHAILEASE BERJAYA FINANCE CORPORATION 5/f & 12/f Unit B 45 San Miguel Building, San Miguel Ave., Ortigas Center, San Antonio, City Of Pasig

BAOLONG TECHNOLOGY INDUSTRY GROUP LIMITED INC. 24th-27th/f Century Diamond Tower, Kalayaan Ave. Cor. Salamanca St., Poblacion, City Of Makati

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

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

QUALIFICATION AND SALARY RANGE

BOOTH AND PARTNERS PHILIPPINES INCORPORATED 7/f Aguirre Bldg., 107 Aguirre St., San Lorenzo, City Of Makati

72.

BORUAH, TONMOY Business Manager

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION TU DUC HAU Mandarin Speaking Customer Service Representative

ARUDRA MAINTENANCE AND SUPPLIES, INC Unit 1814, 18/f Cityland Condominium 10 Tower 1, 156 H.v. Dela Costa St., Bel-, Bel-air, City Of Makati

Basic Qualification: Foreign language speaking. Salary Range: Php 30,000 - Php 59,999

No.

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

APEX HORIZON INC. Unit 7 2/f Squareyard Realty Inc., 1048 Magallanes Ave., Cor. Edsa.,, Magallanes, City Of Makati

Basic Qualification: Excellent in reading, writing and speaking in foreign language. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Bachelor’s Degree in Business/Finance/ Accounting-related courses.

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

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

Brief Job Description: Performs global HR support activities. Process transactions which includes internal and external reporting & auditing. Responds to queries on human resources benefits, and payroll topics. Manage cases projects and partner relationship with varying degrees of complexity.

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, nodejs) o javascript o sap o .Net o cobol o angular, knowledgeable in back-end programming language/framework, and willing to work on holidays, weekends, shifting schedules and extended working hours.

AMAZON OPERATION SERVICES PHILIPPINES INC. 4/f Unit 2c, One E-com Center Building Ocean Drive, Mall Of Asia Complex St., Barangay 76, Pasay City B21 Three E-com Moa Complex, Harbour Drive Cor. Bay Shore, Brgy. 076, Pasay City

63.

THE MEIYENSYA Indonesian Speaking Customer Service Officer

Brief Job Description: Provides support and addresses consultation needs of the tier 1 agents in all ring central brands.

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

QUALIFICATION AND SALARY RANGE

ACQUIRE ASIA PACIFIC PHILIPPINES INC. 32nd Floor, Robinsons Cyberspace Gamma, Topaz And Ruby Roads, Ortigas Center, San Antonio, City Of Pasig

62. RIKI CHANDRA WIJAYA Indonesian Speaking Customer Service Officer

Brief Job Description: Provide analytical and financial support for small new Consulting and Outsourcing arrangements and extensions.

ESTABLISHMENT / ADDRESS

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

61. MICHAEL SHELINE Indonesian Speaking Customer Service Officer

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Basic Qualification: Mandarin speaking with at least some secondary education.

7 PRIME TECH, INC. 10/f Ewestpod, Eton Westend Square, Yakal St. Cor. Don Chino Roces Ave., San Antonio, City Of Makati

ALFA KINGKIN HANANINGSIH Indonesian Speaking Customer Service Officer

No.

Tuesday, October 24, 2023

Brief Job Description: Identify and maintain new business opportunities and existing partners.

ZHANG, MING Chinese Speaking Admin Associate 77.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

Tuesday, October 24, 2023

A6 A8

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ZHOU, RUNZHI Chinese Speaking Admin Associate 78.

Brief Job Description: Provides administrative support to ensure efficient operation of Sales training.

HAN, YUANCHUN Chinese Speaking Business Development Associate 79.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

HUANG, YING Chinese Speaking Business Development Associate 80.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

LIANG, CHENGJUN Chinese Speaking Business Development Associate 81.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

QIU, YANMAN Chinese Speaking Business Development Associate 82.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

SAN THIDA Chinese Speaking Business Development Associate 83.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

WANG, SHUANGSHUANG Chinese Speaking Business Development Associate 84.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

YANG, YIJIE Chinese Speaking Business Development Associate 85.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

DAO VAN CHINH Chinese Speaking Data Entry Clerk 86.

Brief Job Description: Gather data and capture the information into databases.

DAO, HONG CAM Chinese Speaking Data Entry Clerk 87.

Brief Job Description: Gather data and capture the information into databases.

GIGIH PRAMUDA TAMA Chinese Speaking Data Entry Clerk 88.

Brief Job Description: Gather data and capture the information into databases.

HONG THI KIEU MY Chinese Speaking Data Entry Clerk 89.

Brief Job Description: Gather data and capture the information into databases.

HSIAO, SHAO-WEI Chinese Speaking Data Entry Clerk 90.

Brief Job Description: Gather data and capture the information into databases.

JOEY CHAN JOE EE Chinese Speaking Data Entry Clerk 91.

Brief Job Description: Gather data and capture the information into databases.

KYAW MOE Chinese Speaking Data Entry Clerk 92.

Brief Job Description: Gather data and capture the information into databases.

LY CUN IN Chinese Speaking Data Entry Clerk 93.

Brief Job Description: Scanning through information to identify pertinent information.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills.

No.

PHAN VAN THUAN Chinese Speaking Data Entry Clerk 94.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills.

95.

96.

97.

98.

99.

100.

101.

102.

103.

104.

105.

106.

107.

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

LUONG TUAN KIET Chinese Speaking Graphic Designer 108.

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

Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

HUONG LAN ANH Chinese Speaking Graphic Designer

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

Basic Qualification: Ability to concentrate for lengthy periods and good in verbal communication and writing.

Brief Job Description: Planning concepts by studying relevant information and materials.

HOANG, THI YEU Chinese Speaking Graphic Designer

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

Basic Qualification: Ability to concentrate for lengthy periods. With good verbal and written communication skills.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

DUONG THANH THUY LINH Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Ability to concentrate for lengthy periods and good in verbal communication and writing.

Brief Job Description: Prepare rough drafts and present ideas and conceptualize visuals based on requirements.

DINH, THI LUYEN Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Ability to concentrate for lengthy periods. With good verbal and written communication skills.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

DAO DUC HIEU Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Ability to concentrate for lengthy periods and good in verbal communication and writing.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

DANG UU TU Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Ability to concentrate for lengthy periods. With good verbal and written communication skills.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

CHONG PHONG CHANH Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Ability to concentrate for lengthy periods and good in verbal communication and writing.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

CHIU HOANG THANH Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

CHI THU THAO Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

CHI QUANG HY Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills.

Brief Job Description: Gather data and capture the information into databases.

AUNG AUNG OO Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees.

TAN WILLIAM Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills.

Brief Job Description: Scanning through information to identify pertinent information.

SUN, XINGLONG Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written skills.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

NGUYEN DUC NGUYEN Chinese Speaking Graphic Designer 109.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

No.

NGUYEN THANH THAI Chinese Speaking Graphic Designer 110.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

111.

112.

113.

114.

115.

116.

117.

118.

119.

120.

121.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

122.

123.

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

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

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

HE, JIANGKUN Chinese Speaking HR Associate Brief Job Description: Responding to HR-related queries within the company.

Brief Job Description: Managing HR records including, resumes, applicant logs, and employee forms.

WU, LINGYU Chinese Speaking HR Associate Brief Job Description: Responding to HR-related queries within the company.

DONG, MING Chinese Speaking Program Designer 124.

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

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Managing HR records including, résumés, applicant logs, and employee forms.

MA, MINH TUAN Chinese Speaking HR Associate

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

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

AYI, ERZAMO Chinese Speaking HR Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

VUN CHUN JET Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

TRAN, THI Y NHI Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proven graphic designing experience. Good in verbal communication and written.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

TRAN, HUE LINH Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

THIEU, THI THU HIEN Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

SAM QUANG MINH Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

PHAM VAN QUAN Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Planning concepts by studying relevant information and materials.

NYAN SAW LINN Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

Brief Job Description: Planning concepts by studying relevant information and materials.

NGUYEN VAN TOAN Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

NGUYEN THI THANH HUE Chinese Speaking Graphic Designer

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Ability to concentrate for lengthy periods and good in verbal communication and writing.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

HUANG, WENFENG Chinese Speaking Program Designer 125.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

QUALIFICATION AND SALARY RANGE Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Excellent communication and interpersonal skills. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: With at least 6 months of experience. Good in verbal communication and written. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION KWAN TAK KENG Chinese Speaking Program Designer

126.

Brief Job Description: Collaborate with other IT specialists, technicians, etc., to deliver software solutions.

MERY ROS Chinese Speaking Program Designer 127.

Brief Job Description: Testing and deploying programs and systems, verifying and deploying programs and systems.

MO, HAOKEN Chinese Speaking Program Designer 128.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

NIU, HUIHUI Chinese Speaking Program Designer 129.

Brief Job Description: Testing and deploying programs and systems, verifying and deploying programs and systems.

OUYANG, CONG Chinese Speaking Program Designer 130.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

PAN, XUELI Chinese Speaking Program Designer 131.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team. PENG, MINGCHAO Chinese Speaking Program Designer

132.

133.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

PHAN NGOC BAO TRAM Chinese Speaking Program Designer Brief Job Description: Testing and deploying programs and systems.

SHI, MILUO Chinese Speaking Program Designer 134.

135.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

TANG DANG THI DUNG Chinese Speaking Program Designer Brief Job Description: Testing and deploying programs and systems.

ZHANG, MENG Chinese Speaking Program Designer 136.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

No.

141.

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION LY, NHU Y Vietnamese Speaking Customer Service Representative Brief Job Description: Manage incoming and outgoing calls, chats and emails.

137.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

Basic Qualification: With at least 6 months of experience. Good in verbal communication and written. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With experience in computer-aided design. Good verbal and written communication.

LIU, JIPENG Chinese Speaking Admin Associate 143.

ZHANG, CHAO Chinese Speaking Admin Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

144.

145.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

146.

YOU, TIANLIANG Chinese Speaking Business Development Associate 147.

148.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

KANG, HAOTIAN Chinese Speaking Data Entry Clerk 149.

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

Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

HONG A DAU Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With experience computer aided design. Good in verbal communication and written.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

Brief Job Description: Entering and updating information into relevant databases.

LIU, YUTING Chinese Speaking Data Entry Clerk 150.

Brief Job Description: Entering and updating information into relevant databases.

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

Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

151.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

138.

Brief Job Description: Communicates company objectives and measures and reports on progress towards THOS objectives.

DIGICHROM INC. 25/f Yuchengco Tower, Rcbc Plaza, 6819 Ayala Ave. Cor. Sen. Gil Puyat Ave., Bel-air, City Of Makati Unit 2001-a, 2602 & 2603 20/f & 26/f Pbcom Tower, 6795 Ayala Ave. Cor. V.a. Rufino St., Bel-air, City Of Makati"

KIJVORAKIEAT, NISAKAN Bilingual IT Specialist 139.

140.

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

BANH THUY LIEN Vietnamese Speaking Customer Service Representative Brief Job Description: Manage incoming and outgoing calls, chats and emails.

152.

Basic Qualification: Familiarity with cruise industry and at least 5 to 10 years of experience. Salary Range: Php 150,000 - Php 499,999

Brief Job Description: Managing HR records including, résumés, applicant logs, and employee forms.

WU, QING Chinese Speaking Program Designer 153.

Brief Job Description: Collaborate with other IT specialists, technicians, etc., to deliver software solutions.

SHI, WEI Mandarin Speaking Customer Service Representative 156.

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

157.

158.

GUAN, HAOJIE Business Development Manager 159.

TIAN, XIAONAN Marketing And Sales Agent 154.

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

Brief Job Description: Develop a growth strategy focused both on financial gain and customer satisfaction.

ARULANANTHEM, HINS Assistant Vice President - Operations Brief Job Description: Owning the assigned business portfolio from service delivery, people management, financial metrics and supporting larger business unit goals.

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

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

161.

162.

163.

164.

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

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

165.

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

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

167.

168.

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

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

Basic Qualification: Proficient in Vietnamese speaking. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Proficient in Vietnamese speaking. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College graduate. With excellent communication and negotiation skills. Salary Range: Php 60,000 - Php 89,999

Basic Qualification: College graduate. With at least 19 years of professional experience in the area of process management. Salary Range: Php 500,000 and above

FLYING DRAGON NETWORK PHILIPPINES INC. Malate Bayview Mansion, 1781 M. Adriatico Street. 076, Barangay 699, Malate, City Of Manila

CAO, MINJIE Chinese Customer Service Brief Job Description: Customer service.

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

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

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

EXLSERVICE PHILIPPINES, INC. 6th Floor, One E-com Center, Harbor Drive, Mall Of Asia Complex, Pasay City

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Responding to Vietnamese customer queries via email, live chat, video, phone, and social media channels.

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

ELECTRO NATION CORPORATION 3188 3g 3f Shi Yunzhi Bldg., Teacher’s Village, Gen. T. De Leon, City Of Valenzuela

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

Brief Job Description: Responding to Vietnamese customer queries via email, live chat, video, phone, and social media channels. NGUYEN, VAN DONG Vietnamese Speaking Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Recommends potential products or services to management by collecting information and analyzing customer needs. LE VAN HAI Vietnamese Speaking Customer Service Representative

169.

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

Basic Qualification: Can contributes information, ideas, and research to help develop marketing strategies; and can help to detail, design, and implement marketing plans for each product or service being offered.

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

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

QUALIFICATION AND SALARY RANGE

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

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

Basic Qualification: Proficient in speaking, reading and writing in bilingual languages.

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

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

155.

166.

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

CRUISE ADMINISTRATION SERVICES INC. 26th Floor, The Podium West Tower, The Podium Lower, Ortigas Center, Wack-wack Greenhills, City Of Mandaluyong

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

ZHU, JIAXIN Marketing And Sales Agent

160.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

Brief Job Description: End to end partner management from opening to closing sales, conducting market research and identifying potential clients and collating and maintaining client information.

LENG, CHAOPENG Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With experience computer aided design. Good in verbal communication and written.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience. Good in verbal communication and written.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

WANG, LIN Chinese Speaking HR Associate

NÖMAYR, ANDREAS Senior Manager, Global Talent Partner Relations & Hotel Schools

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

Brief Job Description: Responsible for providing overall administrative support to the team he/she will be assigned to.

No.

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

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

CHEN, ZHONGJIN Chinese Speaking Graphic Designer ZHANG, YAQIN Chinese Speaking Program Designer

QUALIFICATION AND SALARY RANGE

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

142.

ESTABLISHMENT / ADDRESS

Basic Qualification: With experience in computer-aided design. Good verbal and written communication.

LI, XUE Chinese Speaking Admin Associate

Tuesday, October 24, 2023

170.

171.

DENG, YAO Chinese Customer Service Brief Job Description: Customer service.

DINH CHI HUAN Chinese Customer Service Brief Job Description: Customer service.

FANG, SHENG Chinese Customer Service Brief Job Description: Customer service.

HU, XIONG Chinese Customer Service Brief Job Description: Customer service.

HU, ZHIQING Chinese Customer Service Brief Job Description: Customer service.

LIU, FEI Chinese Customer Service Brief Job Description: Customer service.

LUO, SHA Chinese Customer Service Brief Job Description: Customer service.

PHAM, ANH CUONG Chinese Customer Service Brief Job Description: Customer service.

PHAN THI THUY Chinese Customer Service Brief Job Description: Customer service.

SONG, LONGLONG Chinese Customer Service Brief Job Description: Customer service.

Basic Qualification: Language fluency in Mandarin & English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in written and verbal Mandarin and English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Language fluency Mandarin & English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in written and verbal Mandarin and English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in written and verbal Mandarin and English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Language fluency Mandarin & English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Language fluency Mandarin & English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Language fluency Mandarin & English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in written and verbal Mandarin and English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in written and verbal Mandarin and English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in written and verbal Mandarin and English. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

A10 A6 Tuesday, October 24, 2023

ESTABLISHMENT / ADDRESS No.

172.

173.

174.

175.

176.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION VAN, CONG LIN Chinese Customer Service Brief Job Description: Customer service.

XIANG, YONG Chinese Customer Service Brief Job Description: Customer service.

YAO, HUADA Chinese Customer Service Brief Job Description: Customer service.

ZHENG, SHULIN Chinese Customer Service Brief Job Description: Customer service.

ZHOU, ZHAOQI Chinese Customer Service Brief Job Description: Customer service.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE

No.

Basic Qualification: Fluent in written and verbal Mandarin and English. Salary Range: Php 30,000 - Php 59,999

KOCHHAR, SOUMYA Research Manager 186.

Basic Qualification: Language fluency Mandarin & English. Salary Range: Php 30,000 - Php 59,999

CHAE, SANGIL Customer Service Representative 187.

Basic Qualification: Fluent in written and verbal Mandarin and English. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Fluent in written and verbal Mandarin and English. Salary Range: Php 30,000 - Php 59,999

188.

177.

178.

179.

Basic Qualification: Foreign language speaking.

Brief Job Description: Distribute the financial resources of a company.

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

SINDHU Indonesian Finance Manager

Basic Qualification: Foreign language speaking.

Brief Job Description: Distribute the financial resources of a company.

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

WILIYANI Indonesian Finance Manager

Basic Qualification: Foreign language speaking.

Brief Job Description: Distribute the financial resources of a company.

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

180.

Basic Qualification: Foreign language speaking.

Brief Job Description: Supervises the performance of training activities.

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

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

WANG, HAORAN Finance Manager

181.

Brief Job Description: In charge with improving the profitability of the company. In charge of the resource investment based on the group and Philippines business strategy. In charge with financial process revolution to adapt with the rapidly changing business environments. Oversee internal control to manage the business risks. To establish and improve financial mechanism of consumer business group. To manage internal control and information security of consumer business group.

Basic Qualification: Must have a 5-year work experience as a finance manager. With senior management & analytical skills. Knowledgeable in financial management and risk mitigation. With technical skills in strategy insights and internal control. Graduated with a bachelor’s degree in financial management/ business or other related discipline. With Master’s degree is an advantage. Highly proficient in Chinese and English languages.

189.

182.

Brief Job Description: Review work progress on a daily basis of all Construction Project planning process works. Prepare internal and external reports pertaining to job status.

190.

183.

Brief Job Description: Review work progress on a daily basis of all Construction Project planning process works. Prepare internal and external reports pertaining to job status.

Basic Qualification: Bachelor’s Degree. With a minimum of (10) years of experience in railway constructions.

192.

Brief Job Description: Planning concepts by studying relevant information and materials.

193.

185.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

194.

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

LI, NA Mandarin Customer Support Representative 195.

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

YANG, SHASHA Mandarin Customer Support Representative 196.

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

ZHANG, JIWEI Mandarin Customer Support Representative 197.

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

ZHOU, XUN Mandarin Customer Support Representative

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999

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

NING, LIANGLU Mandarin Customer Support Specialist

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. 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.

WANG, HAO Mandarin Customer Support Specialist 200.

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION WU, JIAXIN Mandarin Customer Support Specialist

201.

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

Salary Range: Php 150,000 - Php 499,999 ZHANG, QING Mandarin Customer Support Specialist 202.

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

203.

Basic Qualification: Proficient in speaking, reading, and writing Korean and English languages. Salary Range: Php 60,000 - Php 89,999

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

205.

206.

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

HOANG NGOC TRAM Vietnamese Customer Support Representative 207.

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

TRAN, QUOC CUONG Vietnamese Customer Support Representative 208.

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

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

HA, THANH TUNG Vietnamese Customer Support Representative

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

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

DAO, HOA THUY LINH Vietnamese Customer Support Representative

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

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

WIN THET NAING Myanmari Customer Support Representative

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

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

WIN KO KO Myanmari Customer Support Representative

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

TRUONG ANH TUAN AN KHANG Vietnamese Customer Support Representative 209.

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

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

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

TSAN XIN BUI Vietnamese Customer Support Representative

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

210.

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

Basic Qualification: Able to speak and write in Mandarin and at least college level with related BPO experience. VO LINH THOA Vietnamese Customer Support Representative

Salary Range: Php 30,000 - Php 59,999 211.

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

INNOVATIONS FOR POVERTY ACTION IN THE PHILIPPINES Unit 7-b The Belvedere Tower, #15 San Miguel Ave., San Antonio, City Of Pasig

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

JIAO, ZHIPENG Mandarin Customer Support Representative

199.

VONG MY HA Chinese Speaking Graphic Designer

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

HE, YUNPENG Mandarin Customer Support Representative

198.

184.

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

HE, WENSHENG Mandarin Customer Support Representative

INFOVINE INC. 9/f Y Tower, Moa Complex, Coral Way Drive Cor. Macapagal, Barangay 76, Pasay City

CHAI SIEW JIAN Chinese Speaking Graphic Designer

Brief Job Description: Introduces and markets new products to Korean client.

DU, JIN Mandarin Customer Support Representative

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

HYUN, KEUN HWAN Construction Manager

HONG, SUGIL Marketing Manager

AI, HUIBO Mandarin Customer Support Representative

HYUNDAI ENGINEERING & CONSTRUCTION CO., LTD. Unit 803 8th Floor, The Bonifacio Prime, Lot 14 Block 2 Mckinley Business Park,, Bonifacio Global City, Fort Bonifacio, City Of Taguig

CHOI, SEONGJONG Construction Manager

Brief Job Description: Make initial contact with Korean clients and explain services available.

LEE, HYUNJIN Korean Customer Support Specialist

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

Basic Qualification: Bachelor’s Degree. With a minimum of (10) years of experience in railway constructions. With good leadership and managing skills, strong work ethics, familiar in budgeting and keen understanding of industry specific terminology, rules and regulations.

Basic Qualification: Masters in development economics or a field related to international economic development or education, and at least 5 yrs. of project management experience.

No.

204.

191. THINES Indonesian Trainer

QUALIFICATION AND SALARY RANGE

INVECH TREASURE PROCESSING CORPORATION 2nd, 3rd, 4th & 5th Floor Building E, Six West Campus, Le Grand Avenue, Mckinley Hill, Fort Bonifacio, City Of Taguig

GIGA INFORMATION TECHNOLOGY AND SOFTWARE DEVELOPMENT INC. 2/f Lipam’s Building, 40 Presidents Avenue, B. F. Homes, City Of Parañaque EDY Indonesian Finance Manager

Brief Job Description: Ensures project adherence to general research design, sample selection, data management and general research protocols and overall project management timelines.

ESTABLISHMENT / ADDRESS

INTERNATIONAL HOLDINGS CORPORATION 2-c The Grand Hamptons Tower Ii, 1st Ave. Cor. 31st St. Crescent Park, Fort Bonifacio, City Of Taguig

Basic Qualification: Fluent in written and verbal Mandarin and English. Salary Range: Php 30,000 - Php 59,999

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

www.businessmirror.com.ph

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

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

VONG DUNG HUNG Vietnamese Customer Support Representative 212.

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

QUALIFICATION AND SALARY RANGE Basic Qualification: Able to speak and write in Mandarin 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 Mandarin 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 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 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. 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

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

DANG CAO CUONG Vietnamese Customer Support Specialist 213.

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

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

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

HO DAC THIEN Vietnamese Customer Support Specialist 214.

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

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

TRAN VAN THAI Vietnamese Customer Support Specialist 215.

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 Vietnamese and at least college level with related BPO experience. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

ESTABLISHMENT / ADDRESS

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

QUALIFICATION AND SALARY RANGE

No.

J&T INTERNATIONAL LOGISTICS (PHILS.) LTD. INC. 6-c Perpetual Village, Pulanglupa Uno, Las Piñas City, St. Peter St, Pulang Lupa Uno, City Of Las Piñas 230. LUO, DAOMING Mandarin General Manager 216.

Brief Job Description: Obtain profit contribution by managing staff and establishing and accomplishing business objectives.

DU, CAN Mandarin Generalist Manager 217.

Brief Job Description: Developing key performance goals and managing the performance of staff. Creating and implementing strategies for business growth.

Basic Qualification: College graduate. With previous work experience in a related field. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate. With previous work experience in a related field. Salary Range: Php 30,000 - Php 59,999

JDB MANAGEMENT AND CONSULTANCY CORP. 107 T & D House, Magallanes St. 069, Barangay 655, Intramuros, City Of Manila

LI, CHANGJU Strategic And Facilitation Officer 218.

Brief Job Description: Your primary function is to help the company and its Chinese clients generate more income for the company.

WANG, KUN Strategic And Facilitation Officer 219.

Brief Job Description: Your primary function is to help the company and its Chinese clients generate more income for the company.

Basic Qualification: Good communication skills and experience in related field. Salary Range: Php 30,000 - Php 59,999

WANG, MENG Mandarin Computer Programmer 231.

Brief Job Description: With knowledge in software programs and hardware and debug programs in Mandarin language.

220.

Brief Job Description: Communicating with clients, reviewing and composing correspondence, receiving requests and complaints, liaising with internal sales and marketing teams, and managing account budgets. NGUYEN THI KHOANG Account Coordinator

221.

Basic Qualification: Problem solving skills to help clients who may experience issues.

232.

233.

BUI, QUANG TUAN Call Center Agent Brief Job Description: Customer service.

DANG, THI TUYET Call Center Agent Brief Job Description: Customer service.

234.

235.

Salary Range: Php 30,000 - Php 59,999 236.

PHUNG PHUOC HOAI Account Coordinator 222.

223.

NGUYEN THANH TIEN Maintenance Specialist Brief Job Description: Maintain building exteriors, parking lots and drives.

LUU TUAN VU Payment Specialist 224.

Brief Job Description: Make sure all invoice are coded and accurately reflected on payment application.

PHAM THI NGOC LAN Payment Specialist 225.

Brief Job Description: Make sure all invoice are coded and accurately reflected on payment application.

TONG HOANG SON Payment Specialist 226.

Brief Job Description: Receive and organize payments in the computer system.

Basic Qualification: Problem solving skills to help clients who may experience issues. Salary Range: Php 30,000 - Php 59,999

237.

Basic Qualification: College graduate with at least 3 years of working experience in the related field. Salary Range: Php 30,000 - Php 59,999

238.

Basic Qualification: College graduate with at least 3 years of working experience in the related field. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate with at least 3 years of working experience in the related field.

239.

240.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate with at least 3 years of working experience in the related field.

241.

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

242.

227.

Brief Job Description: Determine clients need and suggesting suitable travel package requested by Korean clients.

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

243.

LA PHIL CONSULTING FIRM CORP. Unit 1217 High Street South Corporate Plaza Tower 2, 26th St. Cor 11th Avenue, Bonifacio Global City, Fort Bonifacio, City Of Taguig DENG, JIEYENG Operations Director 228.

Brief Job Description: Responsible for overseeing the full breadth of compliance activities for the region and how the company delivers comprehensive support to regions and facilitate a strong culture of compliance within our global firm.

Basic Qualification: College graduate. With previous work experience in a related field.

229.

Brief Job Description: Execution of new projects and engagements of the business.

DONG XUAN HIEU Call Center Agent Brief Job Description: Customer service.

LAI, CHAO Call Center Agent Brief Job Description: Customer service.

LE DINH TRIEU Call Center Agent Brief Job Description: Customer service.

LE THI THU HA Call Center Agent Brief Job Description: Customer service.

LE VAN CUONG Call Center Agent Brief Job Description: Customer service.

LOO WENG HANG Call Center Agent Brief Job Description: Customer service.

244.

NGUYEN NGOC TINH Call Center Agent Brief Job Description: Customer service.

NGUYEN, THE ANH Call Center Agent Brief Job Description: Customer service.

PHUNG TUAN DUONG Call Center Agent Brief Job Description: Customer service.

TONG THI QUYNH Call Center Agent Brief Job Description: Customer service.

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

MACRO EXCEL CONSULTANCY INC. Unit 606 6/f Vicente Madrigal Bdg., 6793 Ayala Ave., Bel-air, City Of Makati

WU, XIAOYU Chinese Speaking Business Consultant

Brief Job Description: Customer service.

Basic Qualification: Knowledge of the workplace is essential for developing and maintaining the plans that will ensure the good flow of the business. Salary Range: Php 30,000 - Php 59,999

No.

247.

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

245.

246.

TRA LE PHUONG THAO Call Center Agent Brief Job Description: Customer service.

VANG, VAN XIEM Call Center Agent Brief Job Description: Customer service.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION VU TIEN DUY Call Center Agent Brief Job Description: Customer service.

NGUYEN TRONG PHUC Vietnamese Customer Service Representative 248. Basic Qualification: Fluent in Mandarin/ English language; and with minimum 2 years of experience related to the position. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

RUDI GUNAWAN SIMATUPANG Indonesian Customer Service Representative 249.

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

FENG, MANMAN Chinese Speaking Admin Associate 250.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

HA THI DUNG Chinese Speaking Admin Associate 251.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

KUANG, YUNFENG Chinese Speaking Admin Associate 252.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

LE DINH DUNG Chinese Speaking Admin Associate 253.

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

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

LI, DONG Chinese Speaking Admin Associate

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

254.

Basic Qualification: College graduate/level and fluent in Mandarin/basic English language. Salary Range: Php 30,000 - Php 59,999

255.

256.

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

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

MENG, FANCHANG Chinese Speaking Admin Associate

Basic Qualification: College graduate/level and fluent in Mandarin/basic English language. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

NGUYEN THI QUYNH Chinese Speaking Admin Associate 258.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

LIU, XIN Chinese Speaking Admin Associate

Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

LIU, FENGQI Chinese Speaking Admin Associate

Basic Qualification: College graduate/level and fluent in Mandarin/basic English language. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

NGUYEN VIET ANH Chinese Speaking Admin Associate 259.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

PHAM VAN DUONG Chinese Speaking Admin Associate 260.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

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

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

QIN, HONGYU Chinese Speaking Admin Associate 261.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

Basic Qualification: College graduate/level and fluent in Mandarin/basic English 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: Graduate of 4 years’ bachelor degree with critical thinking and problem solving skills. Salary Range: Php 30,000 - Php 59,999

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate/level and fluent in Mandarin/basic English language.

Brief Job Description: Managing incoming calls and customer service inquires.

QUALIFICATION AND SALARY RANGE

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

257.

KP JOEUN CONSULTANCY INC Unit 7 Goldland Millenia Tower, Escriva Drive Ortigas Center, San Antonio, City Of Pasig

KO, JEEWON Travel Consultant / Interpreter

DO VAN TAM Call Center Agent

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

Basic Qualification: Problem solving skills to help clients who may experience issues.

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

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

KNW TECHNOLOGY INC. 103 Equinox Plaza, Sierra Madre, Highway Hills, City Of Mandaluyong NGUYEN NGO TRIEU VY Account Coordinator

QUALIFICATION AND SALARY RANGE

MINGFEI SERVICES INC. 5/f Phinma Plaza, 39 Plaza Drive, Poblacion, City Of Makati

Basic Qualification: Good communication skills and experience in related field. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Improving system efficiency by consulting with endusers and providing innovative solutions.

A11

ESTABLISHMENT / ADDRESS

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION DINH THI THU HIEN Chinese Speaking Technical Consultant

Tuesday, October 24, 2023

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

RUAN, JINHUI Chinese Speaking Admin Associate 262.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

A12 A6 Tuesday, October 24, 2023

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

SHEN, SHUAI Chinese Speaking Admin Associate 263.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

SONG, YI Chinese Speaking Admin Associate 264.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

TRAN BAO DINH Chinese Speaking Admin Associate 265.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

TRAN VAN NHAT Chinese Speaking Admin Associate 266.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

WU, JIANPING Chinese Speaking Admin Associate 267.

Brief Job Description: Responsible for many clerical tasks to ensure the staff can communicate.

ZOU, YICHENG Chinese Speaking Admin Associate 268.

Brief Job Description: Responsible for providing overall administrative support to the team he/ she will be assigned to.

CHU, THI THAO Chinese Speaking Business Development Associate 269.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

DU, YI Chinese Speaking Business Development Associate 270.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

DUONG THI PHI Chinese Speaking Business Development Associate 271.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

FENG, QUNLI Chinese Speaking Business Development Associate 272.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

HO XICH THUY Chinese Speaking Business Development Associate 273.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

HUANG, JIALIANG Chinese Speaking Business Development Associate 274.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

HUANG, WEN Chinese Speaking Business Development Associate 275.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

JACINTA LEE TZE YEE Chinese Speaking Business Development Associate 276.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

LI, JIANJIAN Chinese Speaking Business Development Associate 277.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

LOC, THI NGUYET Chinese Speaking Business Development Associate 278.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

No.

LUC, THI LE Chinese Speaking Business Development Associate 279.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

280.

281.

282.

283.

284.

285.

286.

287.

288.

289.

290.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

CAROLINE MELANIE WONG PEI YING Chinese Speaking Data Entry Clerk 291.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

CAO, XINLIN Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

ZHONG, QUNXIA Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

ZHANG, JIAYI Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

WANG, YUEMING Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

TANG, ZIWEN Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

SUN, WANLI Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

SONG, XIAOMING Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

PHAM THI NHUNG Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

PAN, JINMING Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

LY GIA BAO Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Identify and maintain new business opportunities and existing partners.

LUU NGOC LAN Chinese Speaking Business Development Associate

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

DONG THI HUYEN Chinese Speaking Data Entry Clerk 292.

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

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

FU, YUNJIE Chinese Speaking Data Entry Clerk 293.

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

Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

HA VAN ANH Chinese Speaking Data Entry Clerk 294.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

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ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

No.

HO, CANH CAN Chinese Speaking Data Entry Clerk 295.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

296.

297.

298.

299.

300.

301.

302.

303.

304.

305.

306.

307.

308.

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

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

NGUYEN THI XEN Chinese Speaking Data Entry Clerk 309.

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

Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

NGUYEN QUOC MINH Chinese Speaking Data Entry Clerk

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

Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

NGUYEN MINH THIEN Chinese Speaking Data Entry Clerk

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

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

NGUYEN DOAN CUONG Chinese Speaking Data Entry Clerk

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

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

MAI THI THU HUONG Chinese Speaking Data Entry Clerk

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

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

LUONG VAN KHANG Chinese Speaking Data Entry Clerk

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

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

LUONG THI THUY DOAN Chinese Speaking Data Entry Clerk

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

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

LIM DICK SEN Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

LI, YONG Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

LI, JIE Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

LAI A PHAT Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

HONG, THACH SON Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

HOANG VAN LAM Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

HOANG QUOC CUONG Chinese Speaking Data Entry Clerk

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Have excellent verbal and written communication skills and able to organize their work using tools.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

NGUYEN VAN TIEN Chinese Speaking Data Entry Clerk 310.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

QUALIFICATION AND SALARY RANGE Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: With at least 6 months of experience, and good in verbal and written communication. Salary Range: Php 30,000 - Php 59,999

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

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION NGUYEN VAN TUNG Chinese Speaking Data Entry Clerk

311.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

PHAM LUONG HUY Chinese Speaking Data Entry Clerk 312.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

SY A QUAY Chinese Speaking Data Entry Clerk 313.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

TANG THI THU THANH Chinese Speaking Data Entry Clerk 314.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

VONG PHONG AN Chinese Speaking Data Entry Clerk 315.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

WEI, MINHANG Chinese Speaking Data Entry Clerk 316.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

XIA, TIANFU Chinese Speaking Data Entry Clerk 317.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

XU, JING Chinese Speaking Data Entry Clerk 318.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

YANG, XIAOBO Chinese Speaking Data Entry Clerk 319.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

YE MYINT TUN Chinese Speaking Data Entry Clerk 320.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

ZHAI, JIAHAO Chinese Speaking Data Entry Clerk 321.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

ZHANG, JUN Chinese Speaking Data Entry Clerk 322.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

PHAM QUOC PHU Chinese Speaking Data Entry Clerk 323.

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

BAI, YULONG Chinese Speaking Graphic Designer 324.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

CHAU VI HUU Chinese Speaking Graphic Designer 325.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

CHU THI HUONG Chinese Speaking Graphic Designer 326.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

No.

DAO, QUYNH NGA Chinese Speaking Graphic Designer 327.

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

328.

329.

330.

331.

332.

333.

334.

335.

336.

337.

338.

339.

340.

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

LOW GUAN YI Chinese Speaking Graphic Designer 341.

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

Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

LE VAN TUAN Chinese Speaking Graphic Designer

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

Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

LE THAO NHU Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

LAU THANG LOI Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

LAU MANH Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

LANG VAN TUAN Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

LANG THAO THUONG Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

LAM THI LAM Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

HY, PHU QUY Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

HOANG THI DIU Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

HO SAM DIN Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

HA THI PHUONG HOA Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

GAO, JIAHUI Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

DUONG THI THUY LINH Chinese Speaking Graphic Designer

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

LUU NHAT CUONG Chinese Speaking Graphic Designer 342.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

Tuesday, October 24, 2023

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

No.

LY, VAN NHAP Chinese Speaking Graphic Designer 343.

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

344.

345.

346.

347.

348.

349.

350.

351.

352.

353.

354.

355.

356.

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

TANG TRONG NGHIA Chinese Speaking Graphic Designer 357.

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

Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

PHAM VAN DOANH Chinese Speaking Graphic Designer

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

Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

PHAM THI THUY Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

NGUYEN XUAN DIEU Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

NGUYEN VAN VU Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

NGUYEN TRONG TRANG Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

NGUYEN THI UT Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

NGUYEN THI MINH LOC Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

NGUYEN THI MAI Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

NGUYEN THI HA NGAN Chinese Speaking Graphic Designer

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

Brief Job Description: Gathering invoices, statements, reports, personal details, documents and information from employees, other departments and clients.

NGUYEN MINH HIEU Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

NGO THIEN DIEU HANG Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

MA THUY LINH Chinese Speaking Graphic Designer

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

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

MA SEO HOA Chinese Speaking Graphic Designer

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

TRAN THI VAN Chinese Speaking Graphic Designer 358.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

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

A13

BusinessMirror

A14 A6 Tuesday, October 24, 2023

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

VONG SIN JIE Chinese Speaking Graphic Designer 359.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

ZENG, WENBIN Chinese Speaking Graphic Designer 360.

Brief Job Description: Planning concepts by studying relevant information and materials.

BAO, CHUNBO Chinese Speaking Program Designer 361.

362.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

CHENH THONG CHI Chinese Speaking Program Designer 363.

Brief Job Description: Liaising with clients to determine their requirements, timescale and budget.

DUONG SAU LIEN Chinese Speaking Program Designer 364.

Brief Job Description: Collaborate with other IT specialists, technicians, etc. to deliver software solutions.

HO, XUAN THANG Chinese Speaking Program Designer 365.

366.

367.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

LI, HAO Chinese Speaking Program Designer 368.

Brief Job Description: Collaborate with other IT specialists, technicians, etc. to deliver software solutions.

LIU, YIJUE Chinese Speaking Program Designer 369.

370.

371.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

NGUYEN DUYEN THU Chinese Speaking Program Designer 372.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

NGUYEN, HOANG CONG MINH Chinese Speaking Program Designer 373.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

NGUYEN, THI THU HUYEN Chinese Speaking Program Designer 374.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

No.

NONG VAN HOAT Chinese Speaking Program Designer 375.

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

376.

377.

378.

379.

380.

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

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

381.

382.

383.

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

390.

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

391.

392.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

393.

394.

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

384.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

DING, LIJUN Chinese Customer Service 385.

Brief Job Description: Managing incoming calls and customer service inquiries.

FU, ZIJIAN Chinese Customer Service 386.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

JIA, CONGBIAO Chinese Customer Service 387.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

JIA, MENGNUO Chinese Customer Service 388.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

JIA, WENQI Chinese Customer Service 389.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LIAO, HUARONG Chinese Customer Service

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

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LUO, BIAO Chinese Customer Service

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

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LUO, QIAOLING Chinese Customer Service

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

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LIANG, KEXIN Chinese Customer Service

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

MA, ZHUANG Chinese Customer Service 398.

CHEN, KE Chinese Customer Service

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LI, ZHITING Chinese Customer Service

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

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LI, QI Chinese Customer Service

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

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LI, HONGYANG Chinese Customer Service

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

JIANG, JUNYOU Chinese Customer Service

NEW ORIENTAL CLUB88 CORPORATION 3rd, 5th, 6th, 7th, 8th, 9th & 10th/f Sapphire Seaview Park, Pacific Avenue, Don Galo, City Of Parañaque

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

Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

No.

397.

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

Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

ZHOU, BU Chinese Speaking Program Designer

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

Basic Qualification: With at least 6 months of experience, and good in verbal and written communication.

QUALIFICATION AND SALARY RANGE

396.

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

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

ZENG, WEIMING Chinese Speaking Program Designer

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

ESTABLISHMENT / ADDRESS

395.

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

Brief Job Description: Communicate overall design and approach to a team of programmers; and create flowcharts, diagrams, other models, and programming instructions to guide programming team.

YANG, JIEYI Chinese Speaking Program Designer

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

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

www.businessmirror.com.ph

399.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

NAN, JIAJIA Chinese Customer Service Brief Job Description: Managing incoming calls and customer service inquiries

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Preferably with at least 1-year work experience in the same field.

QIN, ZEMING Chinese Customer Service 400.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

SUN, SIMIN Chinese Customer Service 401.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

402.

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

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

WANG, DAIWEI Chinese Customer Service 403.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

TU, ZHANXIANG Chinese Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

ZHANG, FEIXIANG Chinese Customer Service 404.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

QUALIFICATION AND SALARY RANGE Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

www.businessmirror.com.ph

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION NOFITA SARI Indonesian Customer Service

405.

Brief Job Description: Managing incoming calls and customer service inquiries.

NG LAM THYE Malaysian Customer Service 406.

Brief Job Description: Managing incoming calls and customer service inquiries.

AH CHIN Myanmar Customer Service 407.

Brief Job Description: Managing incoming calls and customer service inquiries.

AYE KHAM SAR Myanmar Customer Service 408.

Brief Job Description: Managing incoming calls and customer service inquiries.

HTO PAN Myanmar Customer Service 409.

Brief Job Description: Managing incoming calls and customer service inquiries.

NANG SHAI KHAM Myanmar Customer Service 410.

Brief Job Description: Managing incoming calls and customer service inquiries.

NU KAI Myanmar Customer Service 411.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

ROI SANT Myanmar Customer Service 412.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

BUI TRONG HAU Vietnamese Customer Service 413.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

CAO, DANG HOANG Vietnamese Customer Service 414.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

CAO, THI ANH TUYET Vietnamese Customer Service 415.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

CHI NHIT SANG Vietnamese Customer Service 416.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

CHUNG SON BACH Vietnamese Customer Service 417.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

DANG DINH PHAT DAT Vietnamese Customer Service 418.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

DIEP VAN CUONG Vietnamese Customer Service 419.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

DINH THACH HUNG Vietnamese Customer Service 420.

Brief Job Description: Managing incoming calls and customer service inquiries.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999

No.

DO, NGOC KHANH LINH Vietnamese Customer Service 421.

Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999

422.

423.

424.

Salary Range: Php 30,000 - Php 59,999 425.

426.

427.

428.

429.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

HOANG VAN TUNG Vietnamese Customer Service 430.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

HOANG XUAN DUC Vietnamese Customer Service 431.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

HOANG, NGOC HOA Vietnamese Customer Service 432.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

QUALIFICATION AND SALARY RANGE Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

No.

LE DUC BAC Vietnamese Customer Service 436.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

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

437.

438.

439.

440.

441.

442.

Salary Range: Php 30,000 - Php 59,999 443.

444.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

NGUYEN THANH HUAN Vietnamese Customer Service

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

NGUYEN KHAC KY Vietnamese Customer Service

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

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

MAI THI MY LINH Vietnamese Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LUONG THI HAI YEN Vietnamese Customer Service

Basic Qualification: Preferably with at least 1-year work experience in the same field.

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LOC TIEN DUNG Vietnamese Customer Service

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LE, VAN SON Vietnamese Customer Service

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LE, THI QUYNH Vietnamese Customer Service

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LE THI TRANG NHUNG Vietnamese Customer Service

Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

LE DUC KHANH MINH Vietnamese Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Preferably with at least 1-year work experience in the same field.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

NGUYEN THI QUYNH NHI Vietnamese Customer Service 446.

Brief Job Description: Managing incoming calls and customer service inquiries.

NGUYEN THI THU DUYEN Vietnamese Customer Service 447.

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

Brief Job Description: Managing incoming calls and customer service inquiries.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

HOANG, THI HUE Vietnamese Customer Service 433.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

HOANG, THI LUC Vietnamese Customer Service 434.

Brief Job Description: Managing incoming calls and customer service inquiries.

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

Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999

HUYNH THI NGOC HUYEN Vietnamese Customer Service 435.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

A15

ESTABLISHMENT / ADDRESS

445.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Managing incoming calls and customer service inquiries.

HOANG VAN NGOC Vietnamese Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

HOANG THI VIEN Vietnamese Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

HOANG NHAT NAM Vietnamese Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

HO, THI THUY LINH Vietnamese Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Managing incoming calls and customer service inquiries.

HA, THI NGOC Vietnamese Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Managing incoming calls and customer service inquiries.

HA THI DIEM Vietnamese Customer Service

Basic Qualification: Preferably with at least 1-year work experience in the same field.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

DOAN, THI LANH Vietnamese Customer Service

Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

DOAN THI THUY NA Vietnamese Customer Service

Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Tuesday, October 24, 2023

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

NGUYEN VAN HUNG Vietnamese Customer Service 448.

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

Basic Qualification: Preferably with at least 1-year work experience in the same field.

NGUYEN, ANH TUAN Vietnamese Customer Service 449.

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

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

Brief Job Description: Managing incoming calls and customer service inquiries.

NGUYEN, THI HUONG Vietnamese Customer Service 450.

Brief Job Description: Managing incoming calls and customer service inquiries.

QUALIFICATION AND SALARY RANGE Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999

BusinessMirror

A16 A6 Tuesday, October 24, 2023

ESTABLISHMENT / ADDRESS No.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION NGUYEN, THI MY HANG Vietnamese Customer Service

451.

Brief Job Description: Managing incoming calls and customer service inquiries.

ONG KHAI HAI Vietnamese Customer Service 452.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

PHAM DUC PHUONG Vietnamese Customer Service 453.

Brief Job Description: Managing incoming calls and customer service inquiries.

PHAM THI HONG Vietnamese Customer Service 454.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

PHAN CUONG Vietnamese Customer Service 455.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

PHAN, THI NGOC Vietnamese Customer Service 456.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

PHAN, THI NHUNG Vietnamese Customer Service 457.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

PHAN, VAN TAM Vietnamese Customer Service 458.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

QUACH, VAN NGUYEN Vietnamese Customer Service 459.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

TRAN THI DUNG Vietnamese Customer Service 460.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

TRAN THI QUYEN Vietnamese Customer Service 461.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

TRAN, THI MY LINH Vietnamese Customer Service 462.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

TRAN, THI THU HA Vietnamese Customer Service 463.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

TRAN, THI THUY Vietnamese Customer Service 464.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

TRAN, VAN TUAN Vietnamese Customer Service 465.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

UNG, CHI MENH Vietnamese Customer Service 466.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

ESTABLISHMENT / ADDRESS QUALIFICATION AND SALARY RANGE Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999

No.

VAN VAN THUY Vietnamese Customer Service 467.

468.

469.

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

470.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

471.

KHAN, FARIHA Learning Support Assistant 472.

473.

474.

Brief Job Description: Responsible for handling questions, comments and complaints regarding a particular business. Their ultimate goal is to provide positive customer experiences by enhancing relationships between them. HTET LIN OO Customer Service Representative

475.

476.

KANG, CHUANTONG Customer Service Representative 477.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Provide academic and emotional support to students with special educational needs, ensuring they can access the curriculum and make progress.

ANTONIUS Customer Service Representative

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

LI, JINZE Customer Service Representative 478.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

LONG, WEN Customer Service Representative 479.

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

WANDY Customer Service Representative 480.

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

No.

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

VALENTINE Indonesian Language-support Officer 482.

Basic Qualification: College graduate. With at least 5 years of experience in working for British Curriculum Schools. Salary Range: Php 150,000 - Php 499,999

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-55 y/o, with at least 6 months of experience, and with good verbal and written skills.

Brief Job Description: Assist in planning & administration of the organization’s daily operation.

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

LEI, GUOGEN Chinese Customer Service Representative 483.

Basic Qualification: Foreign language speaking.

Brief Job Description: Manage large amount of incoming phone calls.

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

HOKY AJICAHYADI Indonesian Customer Service Representative 484.

Basic Qualification: Foreign language speaking.

Brief Job Description: Manage large amount of incoming phone calls.

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

S&P CONSTRUCTION TECHNOLOGY & DEVELOPMENT CO., INC. 12/f Times Plaza Building, United Nation Avenue Corner Taft Avenue, Barangay 670, Ermita, City Of Manila

LI, HONGTAO Chinese Construction Technician

485.

Brief Job Description: Manage and supervise facility development and image enhancement projects. Coordinate logistics and communication between clients, vendors, and stakeholders. Follow all state and safety requirements to implement good safety conditions at work site.

Basic Qualification: Able to speak and communicate using Mandarin is an advantage. Able to explain problems simply and clearly. Proficient in MS Office. Able to follow health and safety regulations. Excellent mathematical and problemsolving skills. Salary Range: Php 30,000 - Php 59,999

SANY PHILIPPINES INC. Unit 18-a 18/f, Trafalgar Plaza 105 H.v Dela Costa St., Salcedo Village, Bel-air, City Of Makati ZHANG, XINBO Marketing Specialist 486.

Basic Qualification: 18-55 y/o, with at least 6 months of experience, and with good verbal and written skills.

Basic Qualification: Fluently speak and write Bahasa Indonesian language.

RIDGE OUTSOURCING SERVICES INC. 46/f Pbcom Tower, 6795 Ayala Ave. Cor. V.a. Rufino St., Bel-air, City Of Makati

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999

QUALIFICATION AND SALARY RANGE

PHOENIXFIELD, INC. 7/f Iacademy Plaza, 324 Sen. Gil Puyat Ave, Bel-air, City Of Makati

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

Brief Job Description: Responsible for developing and managing all aspects of the company’s marketing strategy.

Basic Qualification: College graduate. With previous work experience in a related industry. Salary Range: Php 30,000 - Php 59,999

SMARTMONETA INC. 6/f Iacademy Plaza, 324 Sen Gil Puyat Ave., Bel-air, City Of Makati

487.

KHANWILAIKUL, JIRAPORN Thai Language - Support Manager

Basic Qualification: Fluently speak and write Thai language to cater foreign markets.

Brief Job Description: Completing performance evaluation.

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

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-55 y/o, with at least 6 months of experience, and with good verbal and written skills. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-55 y/o, with at least 6 months of experience, and with good verbal and written skills.

SOLIDLEISURE SOLUTIONS INC. Unit 1803a, 1803b, 1804a, 1804b & 1805a West Tower, Psec Exchange Road, Ortigas Center, San Antonio, City Of Pasig

488.

Brief Job Description: Manage network servers and technology tools.

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

TENMAN PROJECT MANAGEMENT INC. Unit 805-808 The One Executive Office Bldg., #5 West Ave., Nayong Kanluran, Quezon City

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

Basic Qualification: 18-55 y/o, with at least 6 months of experience, and with good verbal and written skills.

Basic Qualification: Excellent in Mandarin language.

LIAN, JIAJUN Mandarin System Developer Specialist

CIAMEI, ANDREA Consultant 489.

Brief Job Description: Support the end to end Project Director in defining the project team, project scope, goals and deliverables that support business goals in collaboration with senior management and stakeholders.

Salary Range: Php 30,000 - Php 59,999 TEO BOON HENG KELVIN Consultant Basic Qualification: 18-55 y/o, with at least 6 months of experience, and with good verbal and written skills. Salary Range: Php 30,000 - Php 59,999

490.

Brief Job Description: Support the end to end project director in defining the project team, project scope, goals and deliverables that support business goals in collaboration with senior management and stakeholders.

Basic Qualification: College graduate. With at least 2 years of work experience in the same field. Salary Range: Php 500,000 and above

Basic Qualification: Proficient in speaking, writing & reading, and candidate should have a minimum 2 plus years’ experience in the same field. Salary Range: Php 500,000 and above

*Date Generated: Oct 23, 2023

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

QUALIFICATION AND SALARY RANGE

OCEAN MIGHT SUPPORT MANAGEMENT INC. 32/f Tower 6789, Ayala Ave., Bel-air, City Of Makati

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handle complaints, provide solutions, process customer accounts, and file documents.

ESTABLISHMENT / ADDRESS

NORD ANGLIA INTERNATIONAL SCHOOL MANILA INC. Neo Chinatown Bradco Ave., Aseana, Tambo, City Of Parañaque

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

VY, THI THU HUONG Vietnamese Customer Service

Salary Range: Php 30,000 - Php 59,999 Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language.

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

VU, BA LINH Vietnamese Customer Service

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

VU THI NGOC YEN Vietnamese Customer Service

Basic Qualification: College graduate, preferably with at least 1-year work experience in the same field, and speaks and writes native language. Salary Range: Php 30,000 - Php 59,999

Brief Job Description: Manage incoming calls and inquiries, handling complaints, provide solutions, process customer accounts and file documents.

VI, HAI CHIEU Vietnamese Customer Service

Basic Qualification: Preferably with at least 1-year work experience in the same field. Salary Range: Php 30,000 - Php 59,999

NAME OF FOREIGN NATIONAL , POSITION AND BRIEF DESCRIPTION

www.businessmirror.com.ph

WIN MYINTH THAN Customer Service Representative 481.

Basic Qualification: 18-55 y/o, with at least 6 months of experience, and with good verbal and written skills. Salary Range: Php 30,000 - Php 59,999 Basic Qualification: 18-55 y/o, with at least 6 months of experience, and with good verbal and written skills. Salary Range: Php 30,000 - Php 59,999

Basic Qualification: 18-55 y/o, with at least 6 months of experience, and with good verbal and written skills. Salary Range: Php 30,000 - Php 59,999

In the ad material of Notice of Filing of Application for Alien Employment Permits published on October 19, 2023, the name of DEDDY HENRY under the company NEW ORIENTAL CLUB88 CORPORATION, should have been read as DEDDY HENDRY and not as published. In the ad material of Notice of Filing of Application for Alien Employment Permits published on October 20, 2023, the position of BAE, GYURYUL under the company UNLAD SILANGAN CORP., should have been read as CHINESE SPEAKING CUSTOMER SERVICE STAFF and not as published. In the ad material of Notice of Filing of Application for Alien Employment Permits published on October 21, 2023, the position of CHOI, EUNJUNG under the company CBS TOTAL CONSULTANCY CORP., should have been read as SALES EXECUTIVE CONSULTANT and not as published. Any person in the Philippines who is competent, able and willing to perform the services for which the foreign national is desired may file an objection at DOLE National Capital Region located at DOLE-NCR Building, 967 Maligaya St., Malate Manila, within 30 days after this publication. Please inform DOLE National Capital Region if you have any information on criminal offense committed by the foreign nationals.

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

The World BusinessMirror

Tuesday, October 24, 2023 A17

Israel strikes across Gaza after allowing 2nd small aid convoy into the besieged enclave By Wafaa Shurafa, Samy Magdy & Joseph Krauss

The Associated Press

EIR AL-BALAH, Gaza Strip— Israeli warplanes struck targets across Gaza early Monday, including in areas where Palestinian civilians have been told to seek refuge, after another small aid shipment was allowed into the besieged Hamas-ruled territory.

Israel is widely expected to launch a ground offensive in Gaza following Hamas’ brutal October 7 rampage into southern Israeli communities. Tanks and troops have been massed at the Gaza border, and Israel says it has stepped up airstrikes in order to reduce the risk to troops in the next stages. Fears of a widening war have grown as Israeli warplanes have struck targets in the occupied West Bank, Syria and Lebanon in recent days. It has frequently traded fire with Lebanon’s Hezbollah militant group, which is armed with tens of thousands of rockets. Prime Minister Benjamin Netanyahu told troops in northern Israel on Sunday that if Hezbollah launches a war, “it will make the mistake of its life. We will cripple it with a force it cannot even imagine, and the consequences for it and the Lebanese state will be devastating.” Hezbollah’s political movement is part of Lebanon’s fractious government, but its fighters operate

outside the state’s control. Israel heavily bombed Beirut’s airport and civilian infrastructure during a 2006 war with Hezbollah. Israel is meanwhile evacuating some communities on its own side of the border. Rear Adm. Daniel Hagari said Israeli forces had wiped out eight militant cells in Lebanon over the past 24 hours and more than 20 since the start of the war, without elaborating. More than 1,400 people in Israel have been killed—mostly civilians slain during the initial Hamas attack. At least 222 people were captured and dragged back to Gaza, including foreigners. Two Americans were released Friday, hours before the first shipment of humanitarian aid. More than 4,600 people have been killed in Gaza, according to the Hamas-run Health Ministry. That includes the disputed toll from a hospital explosion. Israel has carried out limited ground forays into Gaza, and on

PALESTINIANS inspect the damage after an Israeli strike hit a compound beneath a mosque in Jenin refugee camp, West Bank on Sunday, October 22, 2023. The Israeli army said it was being used by militants planning an imminent attack. The Palestinian Ministry of health said two people were killed. AP/MAJDI MOHAMMED

Sunday, Hamas said it had destroyed an Israeli tank and two armored bulldozers inside the territory it has ruled since 2007. The Israeli military said a soldier was killed and three others were wounded by an anti-tank missile during a raid inside Gaza. The military said the raid was part of efforts to rescue hostages abducted in the October 7 attack. Hamas hopes to trade the captives for Palestinian prisoners held by Israel. On Saturday, 20 trucks entered Gaza in the first aid shipment into the territory since Israel imposed a complete siege at the start of the war. Israel allowed a second convoy of 15 trucks into Gaza on Sunday. Both entered from Egypt through the Rafah crossing, the only way into Gaza not controlled by Israel. COGAT, the Israeli defense body responsible for Palestinian civilian affairs, said the aid was allowed in at the request of the

China crackdown on cyber scams in Southeast Asia nets thousands but leaves networks intact By Huizhong Wu

The Associated Press

ANGKOK—Zhang Hongliang, a former restaurant manager in central China, took various gigs in and outside China to support his family after losing his job during the Covid-19 pandemic. In March, a job offer to teach Chinese cooking at a restaurant led him into a cyber scam compound in Myanmar, where he was instead ordered to lure Chinese into giving up their savings for fake investment schemes via social media platforms. Zhang is one of tens of thousands of people, mostly but not all Chinese, who have become ensnared in cyber scam networks run by powerful Chinese criminal syndicates in Southeast Asia. Regional and Chinese authorities have netted thousands of people in a crackdown, but experts say they are failing to root out the local elites and criminal networks that are bound to keep running the schemes. When scam operations are shut down in one place they often just resurface elsewhere. The problem is an embarrassment for Beijing and is discouraging ordinary Chinese from traveling to Southeast Asia out of fear they might be duped or kidnapped and caught up in a cyber scam operation. In recent years, media reports have uncovered instances of young people being lured to places in Cambodia or Myanmar for high-paying jobs, only to be forced to work as scammers. Rescue organizations say people are regularly beaten or face physical punishments such as being forced to run laps if they don’t perform well. In August, China, Thailand, Laos and Myanmar agreed to set up a joint police operations center to tackle cyber scams in the region. On Oct. 10, China’s Ministry of Public Security announced that its “Summer

Operation” had successfully brought back 2,317 scam suspects from northern Myanmar to China. China calls such people suspects, though experts say most of them are victims who were forced to work for the criminals. They question how they will be treated once back in China. The schemes based in countries like Myanmar, Laos and Cambodia are run by Chinese bosses hand-in-hand with local elites. Many are based in places where China has financed big construction projects through leader Xi Jinping’s signature Belt and Road Initiative. Myanmar’s border regions long have been magnets for criminals—historically including drug producers and traffickers—because of lax law enforcement. Such places are generally under the control of ethnic minority armed groups, either opposed to or allied with Myanmar’s central government. Some also cooperate with organized crime gangs. “From the vantage point of the Chinese government, it’s a source of extreme embarrassment that you have so many of these Chinese criminals operating all across Southeast Asia,” said Jason Tower, an expert on transnational crime with the United States Institute of Peace. The syndicates also are known for “pig butchering” cons, where scammers entice individuals, often halfway across the world, to invest their money in bogus schemes after duping them into digital romances. The scammers divide their targets into two categories: Chinese and non-Chinese. They use scripts, images of models and influencers and translation software to trick the people they contact by phone or online into parting with their money. Victims can be anywhere in the world. The criminals have “ridden on the shoulders of the Belt and Road Initiative,”

said Tower, who outlined links between the criminals and Chinese state enterprises, think tanks and government officials in a 2020 report written for the United States Institute of Peace. Zhang was working in Thailand and on a visa run to Laos when he met the man who lured him to the scam compound in Myanmar. Giving what he said was his last name, Gao, he claimed to be a broker and travel agent for Chinese living in Thailand. Zhang and his wife wanted extra money to pay for in vitro fertilization to have another child. Gao suggested him to go work in Myawaddy, in eastern Myanmar’s Kayin state, teaching a local chef how to cook Chinese dishes in Gao’s new restaurant. The pay would be double what Zhang made in China. Zhang was wary. Since a 2021 coup, military-controlled Myanmar has been embroiled in civil conflict. But Gao reassured him that he wouldn’t be doing anything illegal and said the restaurant would have plenty of customers since many cyber scam businesses were operating in the area. That might have raised a red flag but it was only once he got to Myanmar that Zhang realized his predicament. He asked to go back home, saying there was a family emergency. His family helped him scrape together some 40,000 yuan ($5,472) to pay off the debt Gao claimed he owed him, and he slipped away one night, swimming across the Moei River into Thailand, where he turned himself in to Thai police, who contacted the Chinese Embassy. Zhang showed the AP copies of his deportation notice from the Thai Immigration police and a temporary ID card. He returned to China in late June and was questioned by Chinese police but not detained. He has been sharing his story on Douyin, the Chinese version of TikTok,

United States, and included water, food and medical supplies. It said Israel inspected everything before it entered Gaza. In a Sunday phone call, Netanyahu and US President Joe Biden “affirmed that there will now be continued flow of this critical assistance into Gaza,” the White House said in a statement. Relief workers said far more aid was needed to address the spiraling humanitarian crisis in Gaza, where half the territory’s 2.3 million people have fled their homes. The UN humanitarian agency said the 20 trucks that entered Saturday amounted to 4 percent of an average day’s imports before the war and “a fraction of what is needed after 13 days of complete siege.” The Israeli military said the humanitarian situation was “under control,” even as the UN called for 100 trucks a day to enter. Israel has not allowed any fuel to enter Gaza, where there has been a full power blackout to alert others to the risks and says people often contact him about relatives trapped in cyber scam compounds. “We all went out with this wonderful sense of hope, but then reality slammed us in the face,” he said. In total, China has detained some 4,000 suspects and returned them back to China. The Ministry of Public Security has claimed “breakthrough results” through operations in coordination with Myanmar authorities. On Monday, they announced they had repatriated another 2,349 people. The ministry did not respond to a faxed request for comment. One 31-year old former chef who was smuggled into Myanmar’s Wa State earlier this year said he saw his company hand over four people to Chinese police with little fanfare in September. Other companies did the same, said the man, who was smuggled into Myanmar and later rescued by a non-profit organization. He declined to be named out of fear of government retribution, and The Associated Press could not independently verify his account. Overall, the enforcement actions don’t seem very comprehensive, experts say. The groups now based in Myanmar originally were located in Cambodia. When Cambodia cracked down on online gambling rings and illegal casinos in 2019, many of the groups just moved to less well-policed places in Myanmar. Some were taken over by rival gangs. China’s efforts to repair its image have so far not made much headway, said Thitinan Pongsudhirak, a professor of political science at Thailand’s Chulalongkorn University. “You can crack down on these symptoms and the manifestations...that you can see in the borderland areas,” he said, “but they’ll come back unless you really have a sustained effort.” AP researcher Wanqing Chen in Beijing and AP writers Grant Peck and Jintamas Saksornchai in Bangkok contributed to this report.

for more than a week and where hospitals say they are scrounging for generator fuel in order to keep operating life-saving medical equipment and incubators for premature babies. The World Health Organization said seven hospitals in northern Gaza have been forced to shut down due to damage from strikes, lack of power and supplies, or Israeli evacuation orders. The lack of fuel has also crippled water and sanitation systems. Hundreds of thousands of Palestinians sheltering in UN-run schools and tent camps are running low on food and are drinking dirty water. Israel repeated its calls for people to leave northern Gaza, including by dropping leaf lets from the air. It estimated 700,000 have already fled. But hundreds of thousands remain. That would raise the risk of mass civilian casualties in any ground offensive. Secretar y of State A ntony Blinken said Israel “can’t go back to the status quo” in which Hamas controls Gaza and is able to threaten it, but that Israel has “absolutely no intent” to govern Gaza itself. “Something needs to be found that ensures that Hamas can’t do this again, but that also doesn’t revert to Israeli governance of Gaza,” he told NBC’s “Meet the Press” on Sunday. “It’s something that needs to be worked even as Israel is dealing with the current threat.” Israel captured Gaza, along with the West Bank and east Jerusalem, in the 1967 Mideast war. The Palestinians want all three territories for a future state. Israel withdrew troops and settlers from Gaza in 2005, but Israel and Egypt have imposed a blockade

of varying degrees since Hamas seized power from rival Palestinian forces in 2007. Heavy Israeli airstrikes and shel ling continued over night across Gaza, the Hamas-run Interior Ministry said. It said airstrikes hit residential apartments in the town of Khan Younis and the Nuseirat refugee camp, both of which are south of the evacuation line. T he Pa lestinian Red Crescent medical service reported heavy overnight airstrikes near al-Quds hospital in Gaza City. Aside from patients, the hospital houses more than 12,000 displaced people, it said. The Israeli military says it does not target civilians. It says Palestinian militants have fired over 7,000 rockets at Israel since the start of the war. The military said Monday that it had struck 320 militant targets throughout Gaza over the last 24 hours. It said it had destroyed antitank positions and other targets that could endanger forces preparing for “a maneuver in the Gaza Strip,” an apparent reference to a ground operation. Tensions are also high in the Israeli-occupied West Bank, where over 90 Palestinians have been killed since the start of the war, mainly during violent protests and gunbattles during military arrest raids. Two Palestinians were shot dead during a raid into the Jalazone refugee camp early Monday, the Palestinian Health Ministry said.

Magdy reported from Cairo and Krauss from Jerusalem. Associated Press journalist Amy Teibel in Jerusalem contributed.

6 killed in Russian rocket strike on mail depot as Ukraine reports record bomb attack numbers

YIV, Ukraine—A missile strike on a mail depot in the eastern city of Kharkiv killed six people, Ukrainian officials said Sunday, as Ukraine reported a record number of bomb attacks in the southern Kherson region. A further 17 people were wounded in the blast late Saturday, which is believed to have been caused by a Russian S-300 rocket, Kharkiv Gov. Oleh Syniehubov said on social media. All of the victims were employees of private Ukrainian postal and courier service Nova Poshta. The Ukrainian-held frontline city has been at the heart of fierce fighting as both Moscow and Kyiv push for battlefield breakthroughs amid the looming onset of wintry conditions. Russian President Vladimir Putin launched his war against Ukraine in February last year. In a statement, Nova Poshta said the air raid siren had sounded just moments before the attack, leaving those inside the depot with no time to reach shelter. It announced that Sunday would be a day of mourning for the firm. Ukrainian President Volodymyr Zelenskyy described the strike as an attack on an “ordinary civilian object.” “We need to respond to Russian terror every day with results on the front line. And, even more so, we need to strengthen global unity in order to fight against this terror,” he wrote on social media. “Russia will not be able to achieve anything through terror and murder. The end result for all terrorists is the same: the need to face responsibility for what they have done.” Elsewhere in the Kharkiv region, three people were wounded in Russian shelling on the city of Kupiansk, Syniehubov said.

Officials in southern Ukraine said Sunday the Russian military had used a record number of aerial bombs over the country’s Kherson region in the previous 24 hours. Natalia Humeniuk, a spokesperson for the Ukrainian military’s Operational Command South, said that 36 missiles had been recorded over the area, with some villages being hit by several strikes. In a report released Saturday, the Institute for the Study of War said that Russian forces could be diversifying the mix of missiles, guided bombs, and drones used in strikes on Ukraine. The Washington-based think tank speculated that the change could be part of an attempt to find gaps in Ukraine’s air defenses ahead of further strikes over the winter. Ukrainian officials also reported Sunday that two people had been killed by Russian shelling in the Donetsk region. A 58-year-old man in the village of Kalinovka died in his home, while a 61-year-old man was killed in the town of Vasiukovka from a direct hit to his car, according to the Ukrainian prosecutor’s office. In a separate incident, Nikopol military district chief Yevhen Yevtushenko said that a 71-year-old man had been killed the previous day while fishing at a local reservoir. He said the victim had been found with a fishing rod in his hand, and accused Russian forces of deliberately targeting him with artillery fire. Meanwhile, Moscow-appointed officials said Sunday that they had intercepted three Ukrainian missiles headed toward Russian- occupied Crimea. Vladimir Saldo, the Kremlininstalled leader of the Russian-occupied portion of Ukraine’s Kherson region, said all three missiles had been shot down. AP

A18 Tuesday, October 24, 2023 • Editor: Angel R. Calso

Opinion BusinessMirror

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editorial

When will China start respecting global rules?

he Philippines issued a statement on Sunday saying a Chinese Coast Guard ship carried out “dangerous blocking maneuvers” that caused it to collide with a Philippine vessel carrying supplies to troops stationed in Ayungin Shoal. In a statement, the National Task Force for the West Philippine Sea (NTF-WPS) said the “dangerous blocking maneuvers of China Coast Guard vessel 5203 caused it to collide with the Armed Forces of the Philippines-contracted indigenous resupply boat” about 25 kilometers from Ayungin Shoal. The China Coast Guard also issued a terse statement on Sunday saying it had blocked Philippine vessels from “delivering illegal construction materials to the illegally grounded warship...in accordance with the law.” It was not clear what law the Chinese Coast Guard was referring to, but China’s state-run broadcaster CCTV said the Philippine Coast Guard vessel had “ignored multiple clear warnings” and “deliberately stirred up trouble and reversed in a premeditated manner,” leading to a “slight collision.” Ambassadors of the United States, Canada, Australia, Japan, Germany, The Netherlands, and the European Union immediately reacted to the incident. The US and Canada issued strongly worded statements condemning the Chinese Coast Guard and maritime militia vessels for the incident. (Read the BusinessMirror report, “Chinese Coast Guard claims PHL resupply vessel blocked them,” October 22, 2023). “The United States condemns PRC’s latest disruption of a legal Philippine resupply mission to Ayungin Shoal, putting the lives of Filipino service members at risk. We stand with our #FriendsPartnersAllies in protecting Philippine sovereignty and in support of a #FreeAndOpenIndoPacific,” US Ambassador MaryKay Carlson posted on X. Canadian Ambassador David Hartman said China’s actions “are unjustified.” “China has no lawful claim to the West Philippine Sea. Its actions are incompatible with the obligations of a signatory to the UN Convention on the Law of the Sea,” Hartman said in a statement. Japanese Ambassador Koshikawa Kazuhiko said he is “seriously concerned and alarmed over the collision incident. Japan strongly opposes any unilateral attempts to change the status quo by force or coercion. We stand with/by PHL’s position; upholding maritime order based on UNCLOS and 2016 Arbitral Award,” Ambassador Koshikawa added. Japan, Germany, and Canada cited the need to respect the 2016 Arbitral decision that invalidated China’s nine-dash line claim over the entire South China Sea. German Ambassador Andreas Pfaffernoschke said Germany is “very concerned,” while Dutch Ambassador Marielle Geraedts calls the collision as “another worrying incident.” “Australia is concerned by China’s dangerous maneuvers that damaged Philippine vessels and disrupted a Philippine resupply mission in the exclusive economic zone,” Australian Ambassador HK Yu PSM posted on X. “The South China Sea is a vital international waterway for us all. We again call for peace, stability and respect for UNCLOS,” the Australian envoy added. EU Ambassador to the Philippines Luc Veron on Sunday said they “join the Philippines in its call for the full observance of international law in the South China Sea.” These incidents, their repetition and intensification are dangerous and very disturbing,” Veron said on X. “I don’t rule out that they are taking advantage of a distracted US,” said Bonnie Glaser, Asia program chief at the German Marshall Fund of the US. “I expect this will escalate in the coming days and weeks.” Pundits also expect more intense Chinese bullying in the South China Sea after President Marcos decided earlier this year to allow an expansion of the US military presence in the Philippines under the Enhanced Defense Cooperation Agreement. They said the prospect of more American forces in military camps in northern Philippines near Taiwan and southern China infuriated Beijing. The Ayungin Shoal is 3,132 kilometers away from China. It is 315 kilometers away from Palawan. The UN arbitral tribunal ruled in 2016 that the shoal is part of the Philippines’ exclusive economic zone (EEZ). The court declared that China’s obstruction of Filipino fishermen and interceptions of Philippine ships all violate the Philippines’ sovereign rights. UNCLOS only permits ships to pass freely through another country’s EEZ, not to conduct law enforcement operations within it. The whole world has known that the Philippines won the arbitration case it lodged against China after the Permanent Court of Arbitration in The Hague, Netherlands invalidated Beijing’s nine-dash line claim over the South China Sea. When will China start respecting international law?

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ne factor that keeps me hopeful about the Philippine economic growth prospects is the strong interest shown by foreign and local companies in investing in the country, either for expansion projects or new facilities. New investments, in particular, have multiplier effects on the economy as they involve the opening of factories that also benefit the property sector. A new project will generate jobs in the construction, real estate, transportation and logistics, services and eventually manufacturing industries. This will also require training and facilitate technology or knowledge transfer to upgrade the skills of the Filipino talents. The more factories or facilities we have, the more costcompetitive our domestic industries will become, resulting in a stronger value chain that will lure more investments. Other Southeast Asian countries such as Thailand and Indonesia have

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developed their automotive sectors by opening their markets to Japanese car assemblers. One company came after another, leading to the further improvement of infrastructure and logistics systems that made the two nations ideal as manufacturing sites. The same concept is behind the development of economic and industrial zones in the Philippines, where locators do not have to invest in their own infrastructure because the system is already in place after the government built it for them. The Philippines has its own share of success in developing the information technology and business process management sector (IT-BPM), which now contributes over $30 billion in service exports annually. If we could

onald Rumsfeld served from 1975 to 1977 and again from 2001 to 2006, being both the youngest and the oldest US Secretary of Defense.

He once said the following, which on face seems like almost nonsensical ramblings: “There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don’t know. But there are also unknown unknowns. There are things we don’t know we don’t know.” We can speak of “black swans” and “hidden lions,” which are the unlikely options that we might face. But what Rumsfeld so ineloquently stated, it might be the “flying rhinoceros” that we could never imagine existed that could do the most damage. How do you deal with something that comes up under “we don’t know we don’t know”? Even the fabled “black swan” was thought not to exist simply because no one had even seen a black swan. But common sense says

if there is a white swan, there could be a black/red/green swan just on the other side of the lake. Human logic is basically the task of connecting the dots, following the breadcrumbs to see where they might lead. But if something comes along that is not “connected”—like the manatee linked to folklore of mermaids—the logic train gets derailed. We need a set of both “knowns” and “known unknowns” for our decision-making process. And sometimes we just ignore what we don’t want to consider. October 12: “The Department of Energy [DOE] does not expect the attacks on Israel to have long-term effects on oil and gas prices, unless the conflict escalates.” Notice the “unless the conflict escalates.” That is covering one’s backside to the fullest. “Based on DOE’s assessment, the ongoing conflict in Israel poses a very

replicate the growth of IT-BPM in the manufacturing sector, we can certainly achieve a faster economic growth. This is why I believe that the multi-billion investments reported by the government’s main investment promotion agencies will help sustain our high-growth trajectory in the coming years. Manufacturing and agriculture could help us achieve a gross domestic product growth of 7 percent to 8 percent annually over the next five years. While actual foreign direct investments (FDIs) reported by the Bangko Sentral ng Pilipinas (BSP) slightly eased to $4.7 billion in the first seven months of 2023 from $5.5 billion in the same period last year, the more forward-looking investment pledges approved by the Board of Investments (BOI) and Philippine Economic Zone Authority are more encouraging. The figures cited by the BOI and PEZA bode well for the next five years of the Marcos administration. Based on BOI data, investment commitments that obtained the agency’s approval climbed 102 percent in the first nine months of 2023 to P734 billion from P362 billion in the same period last year. The foreign investment compo-

nent of the BOI registrations grew 41 times to P427 billion from the previous year, per Department of Trade and Industry (DTI) Undersecretary and BOI Managing Director Ceferino Rodolfo. Investments filed with the Philippine Economic Zone Authority (PEZA) increased 232 percent to P131.75 billion in the first 10 months of 2023 from P39.63 billion a year ago. The data shows that the President’s working visits to other countries resulted in actual investment registration and approvals, says Mr. Rodolfo. European companies led foreign investors in expressing intent to build projects in the Philippines. German firms, for one, committed investments worth $427 billion for renewable projects (RE) in the country. There is room for more investments in renewable energy as the Philippines transitions to clean power, with the goal of raising the RE share in the power generation mix to 35 percent by 2030 and 50 percent by 2040. Several European companies are keen on building new technologies, such as floating solar farms, offshore wind platforms and battery storage systems in the country. Others are offering nuclear See “Villar,” A19

low chance of resulting in actual supply disruption.” Do these people get paid money—or just peanuts—for their “expert” analysis? Is there any chance that other factors other than supply disruption could force the price higher? In the past 10 trading sessions, Brent crude oil is up over nine percent. Prices move on intangibles like sentiment. We try to construct a matrix of “known” and “unknown” to read what might happen in the future. This are not predictions but setting up possible scenarios. For example. Tuomas Malinen is CEO of the Helsinki-based GnS Economics— “Our mission is to make Black Swans grey. We reveal the hidden risks in global markets for better business and policy decisions.” Malinen summarizes an economic worst-case scenario for the Israeli-Palestine war. It profiles 10 points including these. The conflict escalates with the US becoming directly involved. Iran closes the Strait of Hormuz and oil reaches $300/barrel. Financial markets and global banking fails with the Petrodollar trade collapse as hyperinflation emerges. But even this analysis of dot-connecting will never be and cannot be comprehensive. One of the greatest “things we don’t know we don’t know” is how future geopolitical relationships will develop.

October 15, 2023-Insider/Business Insider: “It’s official: The era of China’s global dominance is over.” Well, that sounds like the science is settled. Except, October 20, 2023-Bloomberg Markets: “Xi, Putin Cement Economic Ties for Decades to Come.” Is there any chance there will be a similar headline in the near future that mentions the United States cementing ties with another nation “For Decades to Come”? We are constantly as individuals and collectively trying to make good decisions based on faulty and/ or incomplete information. We feel compelled to “leap” before we have had a chance to “look.” To make matters worse, we are told that we are not competent enough to evaluate the information that is fed to us and therefore need “fact-checkers,” as if these self-proclaimed guardians of truth know what the truth even is. The last two years of the war in Ukraine (and now the Middle East), the Covid pandemic, and the latest variation of “man-made climate change” proved that the “things we don’t know we don’t know” are greater than we could ever imagine. Good luck finding The Truth. E-mail me at mangun@gmail.com. Follow me on Twitter @mangunonmarkets. PSE stock-market information and technical analysis provided by AAA Southeast Equities Inc.

Opinion

Tuesday, October 24, 2023 A19 BusinessMirror Seafarer’s non-deployment Refund: Substantiation of unutilized input VAT no more www.news.businessmirror@gmail.com

due to replacement is a breach of contract

Dennis Gorecho

Pinoy Marino Rights

ailure to deploy a seafarer due to replacement by another seafarer is considered a breach of contract entitling him to damages.

The Supreme Court awarded the seafarer his nine months’ worth of salary in the case of Abosta Ship Management, v. Wilhilm Hilario (GR 195792, November 24, 2014) when the employer unjustifiably failed to deploy the seafarer in accordance with the POEA-approved contract of employment. The foreign principal had already chosen the seafarer from among the other candidates as bosun. The manning agency then entered into an employment contract and hired the seafarer. Subsequent communications, though, show that the foreign principal approved a different candidate for the position of bosun. The case revolved on the issue of whether such breach would entitle the seafarer to the payment of actual damages for the failure of the employer to comply with the latter’s obligations in accordance with the employment contract. The manning agency argued that the seafarer’s non-deployment was due to the foreign principal’s management prerogative to promote an able seaman. It added that this exercise of management prerogative is a valid and justifiable reason that would negate any liability for damages. The Supreme Court, however, noted that there was a violation of the contract at the time that the foreign principal decided to promote another person. The vacancy for the position of bosun ceased to exist upon the execution of the contract between the employer and seafarer that was subsequently approved by the POEA. There was no longer a vacancy when the foreign principal changed its mind, since the position of bosun had already been filled up by the seafarer. The contract was already perfected on the date of its execution, which occurred when the employer and seafarer agreed on the object and the cause, as well as on the rest of the terms and conditions therein. Contemporaneous with the perfection of the employment contract was the birth of certain rights and obligations, a breach of which may give rise to a cause of action against the erring party. The POEA contract must also be recognized and respected since neither the manning agent nor the employer can simply prevent a seafarer from being deployed without a valid reason. The promotion and choice of personnel is indeed an exercise of management prerogative so long as they are exercised in good faith for

the advancement of the employer’s interest, and not for the purpose of defeating or circumventing the rights of the employees under special laws or under valid agreements. However, there are limitations on the exercise of management prerogatives, such as existing laws and the principle of equity and substantial justice. Under the principle of equity and substantial justice, the Supreme Court underscored that change of mind is not a valid reason for the non-deployment of the seafarer . He lost the opportunity to apply for other positions in other agencies when he signed the contract of employment with the employer. Simply put, that contract was binding on the parties and may not later be disowned simply because of a change of mind of either one of them. The unilateral and unreasonable failure to deploy the seafarer constitutes breach of contract, which gives rise to a liability to pay actual damages. The sanctions provided for non-deployment do not end with the suspension or cancellation of license or the imposition of a fine and the return of all documents at no cost to the worker. They do not forefend a seafarer from instituting an action for damages against the employer or agency that has failed to deploy him. The failure to deploy a seafarer was an exercise of a management prerogative that went beyond its limits and resulted in a breach of contract. In tum, the employer’s breach gave rise to the seafarer’s cause of action to claim actual damages for the pecuniary loss suffered by the latter in the form of the loss of nine months’ worth of salary as provided in the POEA-approved contract of employment. The same principle was applied by the Supreme Court in the cases of Santiago v. CF Sharp Crew Management Inc. (527 SCRA 165) and C.F. Sharp & Co. Inc. v. Agustin and Minimo (GR 179469 February 15, 2012). Despite the fact that the employer-employee relationship has not commenced due to the failure to deploy the seafarers in both cases, the Court declared that they are entitled to rights arising from the perfected contract of employment, such as the right to demand performance by the employers of their obligation under the contract. 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.

Atty. Irwin C. Nidea Jr.

Tax law for business

or many years now, the right of taxpayers to claim for value added tax refund has been constrained and limited. The Court of Tax Appeals (CTA) has been consistent with its stand that in a claim for refund, before the unutilized input VAT of prior quarters can be applied to the current quarter’s output tax, the same must first be substantiated. It means that a taxpayer must show the invoices or receipts from which the unutilized input VAT of the previous quarters was derived. Otherwise, only the substantiated input VAT of the current quarter may be applied to the output VAT of the current quarter. Only the remaining amount of input VAT may be refunded by a taxpayer. In effect, the refundable amount is significantly reduced. The prevailing ruling for many years is that if a taxpayer does not have an excess input VAT over its output VAT in the current period, it can no longer claim for refund. Though it is common practice to charge first all the input VAT, including those related to zero-rated sales, to output VAT, there is no law nor regulation prohibiting the segregation of input VAT for refund from those that will be credited to output VAT during the period. Many taxpayers have adopted this conservative approach. VAT refund claims have been limited to what remains with the input VAT of the current quarter after subtracting the current quarter’s output VAT. The requirement of substantiating

Continued from A18

technologies and tidal power solutions. While we could not move away from fossil fuel and coal in an instant, the DOE laid out a transition plan where we could gradually reduce our dependence on these traditional fuel towards a greener future. But this requires massive investments, which fortunately some local and foreign companies are willing to do. Undersecretary Rodolfo says foreign investors now view the Philippines as a good investment hub following the enactment of several policy reforms and the removal of

the foreign equity restriction on renewable energy. The DTI also reported that it logged P1.4 trillion in investment approvals since the start of the Marcos administration in July 2022. DTI Secretary Alfredo Pascual says most of these investments were registered in the first half of 2023. I am confident that most, if not all of these investment commitments, will come to fruition within the sixyear term of President Ferdinand Marcos Jr. These will translate into more jobs and livelihood opportunities for the Filipino labor force. For comments, send e-mail to mbv_secretariat@vistaland.com.ph or visit www.mannyvillar. com.ph

substantiated input taxes against the taxpayer’s output taxes first and use the resultant amount as the basis for computing the allowable amount for refund. The CTA, according to the SC, also erred in requiring the taxpayer to substantiate its excess input tax carried over from the previous quarter as it is not a requirement for entitlement to a refund of unused or unutilized input VAT from zerorated sales. With this SC decision, taxpayers can now fully claim the input VAT of the current quarter that is attributable to its zero-rated sales. It need not subtract its current output VAT from the current input VAT before it may refund what remains. The unutilized input VAT of the prior quarters may now be utilized to pay for the current quarter’s output tax without the need for substantiation. This new jurisprudence is a welcome development. It has finally been clarified that taxpayers are entitled to segregate and refund the full amount of input VAT that is attributable to their zero-rated sales. The author is a senior partner of Du-Baladad and Associates Law Offices, a member-firm of WTS Global. The article is for general information only and is not intended, nor should be construed as a substitute for tax, legal or financial advice on any specific matter. Applicability of this article to any actual or particular tax or legal issue should be supported therefore by a professional study or advice. If you have any comments or questions concerning the article, you may e-mail the author at irwin.c.nideajr@ bdblaw.com.ph or call 8403-2001 local 330.

‘World’s safest asset’ proves anything but amid wild Treasuries By Liz Capo McCormick & Michael Mackenzie

surprisingly strong US economy and mixed signals from the Federal Reserve have fueled some of the wildest swings in Treasuries in recent memory. Add geopolitical angst and a surge in debt supply and you have a recipe for sustained volatility for months to come, market watchers say. Dubbed the “world’s safest asset,” Treasuries have not lived up to that title lately as dramatic moves in yields become an almost daily occurrence. Just last week, the rate on the 10-year swung in a range of almost 40 basis points, buffeted by crosscurrents including resilient retail sales and jobless figures, a bevy of comments from Fed officials and rising demand for haven assets amid concerns of an escalating conflict in the Middle East. “It’s going to be a rough ride, so buckle up,” Mike Schumacher, head of macro strategy at Wells Fargo Securities, said on Bloomberg TV. Interest-rate volatility should “remain quite high, at least through the mid-point of next year, perhaps further as the Middle East sorts itself out” and until the market gets more clarity on the Fed. The ICE BofA MOVE Index, which tracks anticipated swings in Treasury yields priced into one-month

options, has risen for five-straight weeks. In fact, by one measure, swings in long-term rates are exceeding those for equities by the most in at least 18 years, according to data compiled by Bloomberg. That’s partly because the Fed is struggling to signal a longer-term vision for where interest-rate policy is headed, according to Mohamed ElErian, the chief economic adviser at Allianz SE and a Bloomberg Opinion columnist. “We are going to remain in this situation of great uncertainty because there is no vision as to where this economy is going,” El-Erian said on Bloomberg TV Friday. “They need to pivot from excessive data dependence to data dependence that has a greater forward-looking component.” Amid last week’s ructions, nothing caused more chaos than Fed Chair Jerome Powell’s comments Thursday on the trajectory of mon-

etary policy. He suggested at an event at the Economic Club of New York that the US central bank is inclined to hold interest rates steady at its next meeting, while leaving open the possibility of another hike later if policymakers see further signs of resilient economic growth. The rates curve aggressively steepened in response, with shortdated yields sliding while longermaturity ones climbed to fresh multiyear highs.

Geopolitics, supply

Price swings were also fueled by mounting concerns that the war between Israel and Hamas could spread throughout the region, potentially even drawing in the US. Reports of drone attacks in Iraq and Syria, cruise missiles fired toward Israel by Houthi rebels in Yemen and Israel’s strikes against Hamas and Hezbollah prompted a reactionary bid for safety among investors, causing 10-year yields to retrench from their highs just below 5 percent and end the week around 4.91 percent. Concerns about the US’s fiscal future are also increasingly affecting investor sentiment. Growing US debt issuance has help lift the so-called term premium

by more than a percentage point over the past three months, fueling a dramatic ascent in long-end rates. Traders are already bracing for the Treasury to announce further increases to auction sizes at its next quarterly refunding on November 1. “Volatility is begetting more volatility,” said William Marshall, head of US rates strategy at BNP Paribas SA. “There is just a general lack of strong conviction at this stage as to where things ought to be anchored.” “It’s hard to see what would drive a significant and sustained rally in bonds without a US recession. A downturn hinges on the services part of the economy, where the outlook is balanced,” said Simon White, Bloomberg macro strategist. Looking ahead, a pause in Fed speak this week on account of the central bank’s customary blackout period ahead of the November 1 policy meeting may be a welcome reprieve for traders. Still, the coming days will provide some key readings on price pressures in the economy, including Friday’s personal-consumption expenditures data, the Fed’s preferred inflation measure. The University of Michigan inflation expectations survey will hit the same day. With assistance from Ye Xie and Elizabeth Stanton/Bloomberg

Blinken, Austin say US is ready to respond if US personnel become targets of Israel-Hamas war By Darlene Superville The Associated Press

Villar. . .

the accumulated unutilized input tax from prior quarters is next to impossible to comply with because taxpayers are effectively being asked to prove all their input VAT since the incorporation of a company. But just recently, the Supreme Court En Banc has reversed the CTA in the case of Chevron Holdings, Inc. v. Commissioner of Internal Revenue (GR 215159, July 5, 2022). The SC En Banc held that it would not deny the request for refund of unutilized input VAT from zero-rated sales on the ground that the taxpayer does not have “excess” input VAT from the output VAT of the quarter of claim since the law does not require it. The SC En Banc also held that the CTA erred in requiring the taxpayer

to substantiate its excess input tax carried over from the previous quarter before it may be utilized. The SC ruled that the Tax Code merely requires that the input tax claimed for refund “has not been applied against the output tax.” According to the SC, “there is nothing in the law and rules that mandate the taxpayer to deduct the input tax attributable to zerorated sales from the output tax from regular 12 percent VAT-able sales first and only the ‘excess’ may be refunded or issued a tax credit certificate. The SC added that remedies accorded by law to the taxpayer are alternatives. Requiring taxpayers to prove that they did not charge the input tax claimed for refund against the output tax is one thing; requiring them to prove that they have ‘excess’ input tax after offsetting it from output tax is another.” The SC emphasized that “the crediting of input taxes, including input tax attributable to zero-rated sales, from the output tax should be discretionary to the taxpayer as it is the taxpayer who is more interested in reducing its output tax payable. Also, to require entities engaged in zero-rated transactions to charge their input tax from zero-rated sales against their output VAT from regular 12 percent VAT-able sales would defeat the very object of the tax measure, which is to generate more income for the government.” In sum, it was erroneous for the CTA to charge the validated and

EHOBOTH BEACH, Del.— Secretary of State Antony Blinken and Defense Secretary Lloyd Austin said Sunday that the United States expects the IsraelHamas war to escalate through involvement by proxies of Iran, and they asserted that the Biden administration is prepared to respond if American personnel or armed forces become the target of any such hostilities. “This is not what we want, not what we’re looking for. We don’t want escalation,” Blinken said. “We don’t want to see our forces or our personnel come under fire. But if that happens, we’re ready for it.” Austin, echoing Blinken, said “what we’re seeing is a prospect of a

significant escalation of attacks on our troops and our people throughout the region.” He said the US has the right to self-defense “and we won’t hesitate to take the appropriate action.” The warning from the high-ranking US officials came as Israel’s military response to a deadly October 7 attack by Hamas on civilians in communities in southern Israel entered its third week. Israeli warplanes struck targets across Gaza overnight and into Sunday, as well as two airports in Syria and a mosque in the occupied West Bank allegedly used by militants as the war threatened to engulf more of the Middle East. Israel has traded fire with Lebanon’s Hezbollah militant group on a near-daily basis since the war began, and tensions are soaring in the

Israeli-occupied West Bank, where Israeli forces have battled militants in refugee camps and carried out two airstrikes in recent days. The US announced Sunday that non-essential staff at its embassy in Iraq should leave the country. Blinken, who recently spent several days in the region, spoke of a “likelihood of escalation” while saying no one wants to see a second or third front to the hostilities between Israel and Hamas, which rules Gaza. The secretary said he expects “escalation by Iranian proxies directed against our forces, directed against our personnel,” and added: “We are taking steps to make sure that we can effectively defend our people and respond decisively if we need to.” Iran is an enemy of Israel. Blinken, appearing on NBC’s “Meet the Press,” noted that addi-

tional military assets had been deployed to the region, including two aircraft carrier battle groups, “not to provoke, but to deter, to make clear that if anyone tries to do anything, we’re there.” President Joe Biden, repeatedly has used one word to warn Israel’s enemies against trying to take advantage of the situation: “Don’t.” Meanwhile, trucks loaded with food, water and other supplies that Palestinians living in Gaza desperately need continued to enter the enclave on Sunday after a key crossing at the border with Egypt was opened a day earlier to allow humanitarian assistance to begin flowing. But Cindy McCain, executive director of the UN World Food Program, said the situation in Gaza remained “catastrophic.” She said even more aid needs to be allowed in.

A 20 Tuesday, October 24, 2023

FINANCIAL FITNESS FAIR TO HELP MSME COMPETE

HE Philippine Trade Training Center-Global MSME Academy (PTTC-GMEA), in collaboration with the Monetary Authority of Singapore (MAS) and Proxtera, is set to hold the Financial Fitness Fair 2023 to provide micro, small and medium enterprises (MSMEs) with the tools to be competitive in the global landscape. The event from October 24 to 25 aims to create a “nurturing” environment that equips MSMEs with the “vital knowledge, resources, and opportunities required to elevate their businesses to new heights and compete on a global scale,” said PTTC-GMEA. “In an era of rapid global economic transformation, micro, small and medium-sized enterprises (MSMEs) find themselves at the crossroads of challenges and opportunities. As essential drivers of economic growth and innovation, MSMEs hold immense potential for generating prosperity and employment, both locally and on the global stage,” the PTTC-GMEA statement said. However, to tap into their full potential, MSMEs require access to resources, knowledge, and support that can empower them to excel and compete internationally, it stressed. The attached agency of the Department of Trade and Industry (DTI) said the event will feature an “array of offerings tailored to meet the unique requirements of MSMEs.” These include SME Financial Empowerment (SFE) Program, Global Financial Services, Business Clinics and Opportunities in the Singapore Market.

The SFE Program, in partnership with the Monetary Authority of Singapore, the International Finance Corporation (IFC), and the United Nations Development Programme (UNDP), aims to foster foundational digital literacy and a “profound” understanding of cross-border financial services crucial to the success of SMEs in the digital economy. The program encompasses several “vital courses” which are the Foundational Financial Literacy; Global Financial Literacy Course; and Green Financing Course. The Foundational Financial Literacy aims to equip learners with fundamental financial concepts, financial discipline, and introductory financial service options. Globa l Fi na nc i a l L iterac y Course will offer guidance on expanding businesses into new markets, embracing innovative digital financing options, and harnessing digital networks. Meanwhile, PTTC-GMEA said the Green Financing Course will focus on the impact and benefits of green financing for businesses, alongside practical tools to initiate green financial practices. For her part, PT TC- GMEA Executive Director Nelly Nita N. Dillera said the Financial Fitness Fair 2023 is a “beacon of hope” for MSMEs seeking to thrive in today’s “dynamic” global economy. “This collaborative effort between the PTTC-GMEA, the Monetary Authority of Singapore, and Proxtera is a testament to our commitment to empower MSMEs and provide them with the tools they need to succeed in a competitive world,” she added. Andrea E. San Juan

UN report: Cities crucial catalysts for climate action as emissions rise By Cai U. Ordinario @caiordinario

ITIES can become catalysts for climate action, according to the latest report released by the United Nations Economic and Social Commission for Asia and the Pacific (Unescap). According to the “Crisis Resilient Urban Futures” report, cities are crucial, given that emissions from developing and emerging economies and markets in Asia, including the Philippines, grew 4.2 percent between 2010 and 2020. The report said emissions from natural gas globally declined by 1.6 percent due to the crisis in Ukraine and 1.8 percent in Asia and the Pacific in 2022. However, emissions from coal reached 15.5 gigatonnes of CO2 equivalent (Gt CO2e), and oil emissions spiked 2.5 percent. “It is, therefore, critical that cities in Asia and the Pacific are not only at the center of efforts to decarbonize the existing urban systems but also that their local governments and associated national agencies are able to adapt urban growth rapidly to become compatible with zero carbon urban futures,” the report stated. However, Unescap said some countries have undertaken reforms at the city level to bring down emissions, mainly from transportation. Countries such as Bangladesh, China, Indonesia, Nepal, and Pakistan have introduced incentives for electric vehicles. Some cities, such as those in the Philippines and China, have also introduced alternative transportation facilities, such as those for cycling. The report said more sustainable efforts can be undertaken through local revenue sources obtained from various taxes, fees, user charges, penalties, planning and building-related charges, and land-use conversion charges. One of these sources is property taxes. However, Unescap said these taxes have not been extensively used by local governments across the Asia and the Pacific region.

In the Philippines, the share of local governments in total government revenues is only 19.4 percent. However, the share of property taxes in local revenue is only 8.2 percent in the country. In the Asia Pacific, the share of property taxes in local revenues was the highest in New Zealand at 46.3 percent followed by Australia at 39.5 percent; Japan, 12.5 percent; Cambodia, 10.1 percent; and China, 9.9 percent. “The share of property tax in GDP was much lower for countries in the Asia-Pacific region compared to other regions, implying there is significant potential to enhance the collection of property tax in the Asia-Pacific countries,” the report stated. The collection of property taxes can also be boosted through digitalization. Unescap, however, noted that a city in the Philippines is a good example in this regard. Quezon City, Unescap said, faced financial distress in 2001 with a budget deficit of P1.4 billion or $25.2 million in statutory claims and other loans. However, the city government was able to turn this around by 2006 with its own-source taxes doubling to P5.7 billion from P2.7 billion. Property taxes rose by 75.1 percent. “Digitization played a key role. It helped improve service quality, reduced individual discretion, and enabled revenue collection to be monitored in real time. Using this computerized information, the city cross-checked property transfer tax payments with the Land Registration Authority,” the report said. The report stated that a geographic information system (GIS)-based inventory of taxable properties was prepared, and coordination of land and building information across departments was improved. The GIS maps have also been used in Punjab province in Pakistan and Surat in India. The GIS maps were also used to improve the collection of property taxes, indicating that this method can be adopted in multiple contexts.

International support for PHL over Ayungin collision mounts By Malou Talosig-Bartolome

@maloutalosig

ASHINGTON D.C. raised the decibel level of the American voice, supporting the Philippines in the face of the new dangerous incident conducted by the Chinese Coast Guard and its militias in the West Philippine Sea. “The United States stands with our Philippine allies in the face of the People’s Republic of China (PRC) Coast Guard and maritime militia’s dangerous and unlawful actions obstructing an October 22 Philippine resupply mission to Second Thomas Shoal in the South China Sea,” Matthew Miller, spokesman of the US State Department, said in a statement. Second Thomas Shoal is the international name for Ayungin Shoal, a low-tide elevation located some 190 nautical miles away from the coastline of Palawan. Pentagon’s spokesman Brig. Gen. Patrick Ryder echoed the statement of support to the Philippines in a separate tweet. On October 22, the resupply boat carrying provisions for soldiers stationed at BRP Sierra Madre grounded on the shoal were blocked by the Chinese Coast Guard. The boat’s rear hit the Chinese vessels’ front. The brief collision was repeated between Chinese militias and Philippine Coast Guard.

“The United States reaffirms that Article IV of the 1951 U.S.Philippines Mutual Defense Treaty extends to armed attacks on Philippine armed forces, public vessels, and aircraft—including those of its Coast Guard—anywhere in the South China Sea,” Miller said. Miller said the Chinese conduct put at risk “Filipino crew members’ safety and impeded critically needed supplies from reaching service members stationed at the BRP Sierra Madre.” “Obstructing supply lines to this long-standing outpost and interfering with lawful Philippine maritime operations undermines regional stability,” he added. The US reminded that based on the United Nations-backed tribunal decision in 2016, China’s territorial claim over Ayungin Shoal has no legal basis. Manila-based international think tank Stratbase ADR Institute said the latest incident warrants the need of like-minded states in the region to hold joint patrols in

the West Philippine Sea. “In the face of these growing challenges on the ground, the Institute fully recommends the immediate conduct of regular joint patrols with like-minded states such as the United States, Australia, Japan, Canada, South Korea, and the European Union in the West Philippine Sea,” Stratbase said in a statement. Spokespersons of the agencies of the National Task Force on the West Philippine Sea (NTF-WPS) said this suggestion can be taken up by the “higher-ups.”

More countries supporting PHL

ASIDE from the US, more countries have expressed their support through their embassies here in Manila. ■ British Ambassador Laure Beaufils: UK is very concerned by reports of unsafe conduct towards Philippines vessels on their latest resupply mission to the Ayungin Shoal. UK joins the Philippines in calling for adherence to UNCLOS and the 2016 arbitral award. We oppose actions which raise tensions in the South China Sea. ■ French Embassy: France expresses its deep concern regarding the dangerous maneuvers observed in the South China Sea, which caused two collisions between Chinese Coast Guard vessels and Philippine vessels engaged in the Philippine exclusive economic zone. France calls for respect of the freedom of navigation guaranteed by international law and recalls its attachment to the UNCLOS and the

decision rendered by the Arbitral Court on July 12, 2016 ■ Danish Ambassador Franz Michael Mellbin: Deeply concerned at the two collisions provoked by Chinese Coast Guard against Philippine vessels near Ayungin Shoal, putting the lives of Filipino soldiers at risk. China’s acts of intimidation and refusal to abide by the 2016 Arbitral ruling undermines regional stability. ■ Czech Embassy: We are concerned about both gravity and frequency of the incidents in the South China Sea. We urge all parties to respect their UNCLOS/ international law obligations. ■ New Zealand Embassy: NZ is deeply concerned at Sunday’s actions towards the Philippines in its EEZ, with physical contact between vessels heightening risk to safety and undermining regional stability. NZ again calls on all parties to engage in peaceful resolution of disputes in accordance with UNCLOS. On Sunday, ambassadors from Canada, Australia, Japan, Germany, The Netherlands and the European Union immediately released a statement expressing support to the Philippines. DFA spokesperson Ma. Teresita Daza thanked the Philippine government’s partners in the international community for “their steadfast support in the defense of the rules-based international order.” “Their statements of support show the level of concern that the international community has over persistent efforts to undermine UNCLOS,” Daza said.

HUMAN MATTRESS To celebrate its 55th anniversary, Uratex Philippines, the premier foam company renowned for its quality mattresses and pillows, undertook a remarkable feat at the SMX Convention Center in Pasay City. The company aimed to establish a Guinness World Record for the longest human mattress domino line. A staggering 2,355 mattresses orchestrated a captivating domino cascade, marking an awe-inspiring accomplishment that unfolded over 14 minutes and 25 seconds. ROY DOMINGO

CBCP no longer part of NTF-ELCAC BYPatrick V. Miguel

HE Catholic Bishops’ Conference of the Philippines (CBCP) panel has withdrawn its membership from the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC). Executive Secretary of the CBCP Commission on Public Affairs Fr. Jerome Secillano confirmed on Monday the CBCP’s departure from being part of the executive committee (ExeCom) of NTF-ELCAC. “Our engagement remains, but

we are no longer in the ExeCom,” said Secilano in an interview with Teleradyo Serbisyo. “It’s better that we preserve our independence, if we are actually going to engage with them,” he added. Secillano said they still have “engagements” with NTF-ELCAC, addressing concerns on church people who are being red-tagged. Despite no longer being a part of the anti-insurgency task force, the membership has allowed CBCP “to tell them the issues on the ground”

beyond formal setting. The withdrawal was first reported by Philstar.com from an anonymous source on Thursday. The BusinessMirror reached out to Secillano at that time but he declined to comment. CBCP has joined the anti-insurgency task force earlier in September “to address some church issues” in relation to the government, such as the red-tagging of cause-oriented groups and church organizations. In an informal survey conduct-

ed by Caritas Philippines on Facebook, 90.1 percent are against the CBCP Public Affairs Commission’s membership in the NTF-ELCAC. The survey indicated that respondents were concerned the Church may be co-opted and used to legitimize the NTF-ELCAC’s alleged human rights violations. “The Church will have a stronger voice in dialoguing with the government outside the NTF-ELCAC by working in solidarity with the poor and other human rights groups,” the survey reported.

Companies BusinessMirror

Editor: Jennifer A. Ng

Tuesday, October 24, 2023

SEC’s company registration system seen of global level D

Starlink hardware kits now available at all SM malls

By VG Cabuag

@villygc

HE Philippines has been recognized as having one of the best company registration systems in the world, owing to the digital innovations put forward by the Securities and Exchange Commission through the Electronic Simplified Processing of Application for Registration of Company (eSPARC). The agency said it received the Corporate Registers Forum 2023 Innovation Award from the international body of corporate registries during a conference in Malta. The CRF Innovation Award recognizes CRF members that have enacted unique and creative world-class initiatives that empower internal and external stakeholders, increase effectiveness, productivity, and efficiency, streamline processes and improve customer satisfaction.

The CRF is an association of international corporate registries that aims to provide its members with the opportunity to review the latest developments in corporate business registers internationally as well as exchange experiences and information on their present and future operations. The SEC joins five other international regulators in receiving commendation from the CRF. These were the Singapore’s Accounting and Corporate Regula-

tory Authority, Kazakhstan’s Astana Financial Services Authority, Maldives’ Ministry of Economic Development, Nigeria’s Corporate Affairs Commission and the Agency of the Republic of Slovenia for Public Legal Records and Related Services. The CRF also recognized under the excellence category the Turkey Ministry of Trade—Board of Directors Decision Module and General Assembly Decision Module, as well as the United Kingdom, Companies House—Register of Overseas Entities. “The SEC is proud to accept this award, as it showcases not only our dedication to easing the doing of business in the country but also the benefits of embracing digital transformation,” SEC chairman Emilio B. Aquino said. “We will continue to improve and innovate our existing and soon-to-be launched digital innovations in order to make our services easily accessible and efficient to the benefit of the investing public, the Philippine corporate sector, and the economy as a whole,” he said. Launched in 2021, eSPARC is

Eternal Gardens unveils Transfiguration of Jesus Christ statue in Opol, Misamis Oriental

From left to right are Eternal Gardens Executive Officers: VP for Engineering and Project Development Engr. Niño S. Sayco, VP for Sales & Marketing Jose Antonio V. Rivera, VP for Finance Marvin C. Timbol, President and COO Numeriano B. Rodrin, Branch Manager Maria Amor S. Leodones; Opol Municipal Vice Mayor Danilo “Vox” Daroy, Jr,; Eternal Gardens Chairman and CEO D. Edgard A. Cabangon, Opol Municipal Mayor Jayfrancis D. Bago, Brgy. Patag Chairman Hermito B. Laid, Jr., and Rev. Fr. Richard T. Miculob.

EADING memorial park developer Eternal Gardens unveiled the statue of the Transfiguration of Jesus Christ at its newest branch in Barangay Patag, Opol, Misamis Oriental. The unveiling ceremony took place on October 21, 2023, and was graced by local government officials including Opol Municipal Mayor Jayfrancis D. Bago, Vice Mayor Danilo “Vox” Daroy, Jr., and Barangay Patag Chairman Hermito B. Laid, Jr. The event commenced with a Thanksgiving Mass, officiated by Rev. Fr. Richard T. Miculob, parish priest of the Our Lady of Consolation Parish, who also led the blessing of the towering sculpture. Eternal Gardens’ top company officials, led by its Chairman and CEO D. Edgard A. Cabangon, extended a warm welcome to the distinguished attendees. The stunning concrete portrayal of the Transfiguration of Jesus Christ, located at Eternal Gardens Opol, is a masterpiece crafted by Napoleon L. Balubayan, the talented son of veteran sculptor Conrado Balubayan.

Eternal Gardens President and COO shared that “This occasion of unveiling the statue of the Transfiguration of Jesus Christ, which is our company’s trademark and symbol of excellence, officially signifies that our fine brand of memorial care is now here in Opol, Misamis Oriental.” Opol Municipal Mayor Jayfrancis D. Bago expressed his gratitude, saying, “Brgy. Patag is one of those midlands that is progressive. Thank you for choosing the Municipality of Opol, especially Brgy. Patag for your new Eternal Gardens.” Opol Municipal Vice Mayor Danilo Daroy Jr. pledged support, stating, “Sa Sangguniang Bayan, we are just here to support all of you. We are here to support whatever is good for our people and to support the growth and development of our beloved municipality.” Eternal Gardens Chairman and CEO D. Edgard A. Cabangon shared the company’s appreciation for the warm reception, saying, “Nandito kami dahil Nakita at naramdaman namin ang mainit na pagtanggap ninyo sa aming kumpanya. Kaya nag-

papasalamat kami sa inyo. Ang tanging magagawa namin ay magtayo ng first class memorial park along with first class services. Maraming salamat at mahal namin kayo.” Eternal Gardens Opol marks the company’s second venture in the Mindanao region, following the successful establishment of its branch in the vibrant city of Cagayan de Oro. This new addition is the twelfth memorial park in the company’s expanding network nationwide, breaking ground on March 18, 2023. Founded in 1976 by the late Ambassador Antonio L. Cabangon Chua, Eternal Gardens is part of the Eternal Group, which also includes Eternal Plans Inc., Eternal Crematory Corp., and Eternal Chapels and Mortuary. With branches strategically located in Baesa, Caloocan City, and in the cities of Dagupan, Batangas (Balagtas and Concepcion), Lipa, Naga, Cabanatuan, Santa Rosa, Binan, and Cabuyao, Eternal Gardens continues its legacy of providing compassionate and dignified memorial services to communities across the Philippines.

the automated system developed by the SEC for company registration. Through eSPARC, the SEC was able to reduce the company registration process from 16 steps in 34 days to three days. Its subsystem, the One-Day Submission and Electronic Registration of Companies (OneSEC), further sped up the process and posted a record time of 1 minute and 14 seconds from the start of application to the receipt of a digital Certificate of Incorporation. Aside from eSPARC, the SEC has launched several initiatives under its digital transformation program since 2021. The Commission also launched the Electronic System for Payments to the SEC (eSPAYSEC), and the Electronic Filing and Submission Tool. This year, it launched five new digital ser vices, namely Electronic SEC Universal Registration Environment (eSECURE); Electronic SEC Education, Analysis, Research Computing Hub (eSEARCH); SEC API Marketplace; Electronic Registration Application for Market Participants (eRAMP); and the SEC CheckApp 2.0.

ATA Lake, Inc., a firm backed by Henry Sy Jr., further cemented its partnership with Elon Musk’s Starlink with the signing of a global retailer agreement to make available the Starlink hardware kits at all SM malls nationwide. Starlink is a spaced-based internet service owned by SpaceX (Space Exploration Technologies Corp.), which, in turn, is founded by Musk in 2002. Starlink banks on low earth orbit satellites to beam internet to the surface. Under the agreement, consumers can purchase Starlink kits at all SM Malls starting November 1. The kits are priced at P 29,000.00, which includes the Starlink satellite dish, modem, power supply, cables, and mounting tripod. “Our collaboration with Starlink has showcased the vast potential of our joint endeavors. We’re now amplifying our commitment to ensuring rapid, reliable internet connectivity worldwide,” said Sy, chairman of Data Lake. Data Lake Vice Chairman and Chief Executive Officer (CEO) Anthony Almeda said the partnership with SpaceX is meant to push boundaries to make universal internet connectivity a reality. “The high-speed, low latency broadband internet service through the use of satellites will be game changing in connecting our 7,640 islands to the rest of the world. This

Henry Sy Jr.

will also be in line with President Marcos’ push for greater digitization,” Almeda, who is also the president of another Sy-led National Grid Corporation of the Philippines (NGCP), said. Sy is the eldest son of the late taipan Henry Sy Sr., founder of conglomerate SM Investments Corp. He also chairs Synergy Grid & Development Philippines, which runs NGCP. The entry of SpaceX into the country was made possible by partnering with Sy’s data company, making Data Lake the first Stalink integrator in the country. Data Lake President David Tanael commented that the partnership is transformative, while pointing out that “reliable internet is pivotal, and with Starlink, we’re at the forefront of this change.” The company statement also said that Starlink’s special introductory offers include a 10-percent discount for the first 1,000 kits sold at each SM Mall locations. Lenie Lectura

Companies BusinessMirror

Tuesday, October 24, 2023

Phoenix Petroleum board okays PNX SG divestment in bid to finance core business

By Lenie Lectura

@llectura

HOENIX Petroleum Philippines, Inc. announced Monday that its board approved its divestment in PNX Petroleum Singapore Pte. Ltd. (PNX SG) via share buyback. “The divestment is consistent with and pursuant to the Liability Management Exercise (LME) in order to generate additional working capital to support core business operations,” the publicly-listed oil company told the stock exchange. Phoenix Senior Vice President

Atty. Raymond Zorilla said the oil firm has divested 85-percent stake of PNX SG through a share buyback by the latter. “The said transaction is to be settled in cash as agreed by both parties. Furthermore, these funds will be used to shore up Phoenix Petroleum’s

working capital needs, particularly to purchase inventory for its B2B (business-to-business) customers,” he said in a text message. In 2019, Phoenix even invested $12.6 million in PNX SG to support the latter’s working capital requirements to be able to purchase inventory for trading. It also earlier said it would leverage on its Singapore trading platform and supply office. In the first half of the year, the oil company posted a net loss of P2 billion from P62.11 million net loss recorded in the same period in 2022. In the second quarter alone, Phoenix suffered a net loss of P1.10 billion, a turnaround from the P201 million net income recorded from April to June last year.

Revenues in the first six months of the year plunged by 64 percent to P27.56 billion from last year’s P76.19 billion. Phoenix attributed it to the 55-percent decrease in total volume sold during the period to 756 million liters from 1.694 billion liters a year ago. “Our momentum was disrupted just as we were seeing the light at the end of the tunnel in the beginning of last year. But despite 2022 being a challenging period, we continue to power through the setbacks, remaining hopeful and optimistic as we stay on the path towards recovery,” Phoenix president Henry Albert Fadullon earlier said.

AI firms dominate venture capitalist’s program

EN T U R E c apit a l f i r m Peak XV Partners said the latest batch of its accelerator program are made up mainly of AI and deep tech startups, as global investors jostle to be early in such companies. Peak XV, formerly known as Sequoia Capital India & Southeast Asia, said there are 13 startups in the newest Surge cohort, of which 10 are in the AI and deep tech field. Seven of the startups are from India, four from Southeast Asia, and two from Australia, the fund said last Monday. The startups are in diverse areas from advanced manufacturing, quantum computers, climate tech and health tech, and receive as much as $3 million in capital. “If 1999 was the start of the consumer internet era, then 2023 will be the beginning of the AI era,” Shailendra Singh, managing director of Peak XV, said in a phone interview. “The last six

months have been pivotal as AI systems are showing efficacy and can be used to build crucial applications.” Peak XV is looking actively at making AI investments, said Singh, adding “we are in the very early days of a multi decade AI trend.” After the parting of the India and China units with the Silicon Valley parent, both Asian entities have global ambitions. Peak XV, which has managed over $9 billion in capital across 13 funds since its inception as Sequoia’s regional unit, has broadened its search in the Asia Pacific region to invest in Australian startups after the separation. It’s now looking for office space in the Silicon Valley, where Sequoia is headquartered. Peak XV has made its first hire in the US, said Singh, who oversaw its split from the Silicon Valley giant this summer. The newest accel-

erator group will spend time in the US building networks and understanding the market, he said. Surge’s latest group includes Indian chip startups Mindgrove Technologies and InCore Semiconductors, which are seeking

MUTUAL FUNDS

to benefit from the country’s ambitions of becoming a semiconductor hub. Another startup, Singapore’s Pix.ai, helps creators produce high-quality anime art through an AI-powered anime generator. Bloomberg News

October 23, 2023

NAV One Year Three Year Five Year Y-T-D per share Return* Return Stock Funds ALFM Growth Fund, Inc. -a 199.75 2.56% -1.07% -4.09% -1.96% -4.22% ATRAM Alpha Opportunity Fund, Inc. -a 1.4328 15.59% 8.67% 0.6% 1.11% 6.59% ATRAM Philippine Equity Opportunity Fund, Inc. -a 2.7496 1.66% -0.65% -6.41% -3.56% -5.67% Climbs Share Capital Equity Investment Fund Corp. -a 0.6732 1.69% -1.97% -5.14% n.a -2.97% First Metro Consumer Fund, Inc. -a 0.6223 2.62% -3.58% -5.21% n.a -4.05% First Metro Save and Learn Equity Fund, Inc. -a 4.4213 1.87% -0.05% -2.74% -1.61% -4.92% First Metro Save and Learn Philippine Index Fund, Inc. -a 0.6576 1.18% -1.86% n.a n.a -6.2% MBG Equity Investment Fund, Inc. -a 86.98 16.64% -0.18% -4.65% n.a 15.57% PAMI Equity Index Fund, Inc. -a 40.7852 2.48% -0.78% -3.14% n.a -5.58% Philam Strategic Growth Fund, Inc. -a 423.88 2.2% -1.55% -3.15% -2.02% -4.63% Philequity Dividend Yield Fund, Inc. -a 1.1636 2.66% 3.39% -1.09% n.a -0.98% -3.74% Philequity Fund, Inc. -a 32.0515 3.8% 1.15% -2.19% -0.02% Philequity MSCI Philippine Index Fund, Inc. -a 0.8112 3.36% -0.4% n.a n.a -4.43% Philequity PSE Index Fund, Inc. -a 4.2873 3.66% 0.17% -2.28% -0.13% -4.63% Philippine Stock Index Fund Corp. -a 713.3 3.38% 0% -2.35% -0.34% -4.76% Soldivo Strategic Growth Fund, Inc. -a 0.6413 2.41% -0.17% -5.1% n.a -4.87% Sun Life Prosperity Philippine Equity Fund, Inc. -a 3.1836 2.31% -0.77% -4.23% -1.94% -5.62% Sun Life Prosperity Philippine Stock Index Fund, Inc. -a 0.8092 3.03% -0.33% -2.67% n.a -5.01% United Fund, Inc. -a 2.9808 2.84% 0.02% -2.73% -1.13% -3.67% Primarily invested in Peso securities (units) COL Equity Index Unitized Mutual Fund, Inc. -a 1.0041 2.16% n.a n.a n.a -4.93% COL Strategic Growth Equity Unitized Mutual Fund, Inc. -a,20.9968 n.a n.a n.a n.a n.a Philequity Alpha One Fund, Inc. -a 0.9806 3.36% 0.73% n.a n.a -6.29% Philippine Stock Index Fund Corp. -a 865.78 3.21% n.a n.a n.a -4.81% Exchange Traded Fund (shares) First Metro Phil. Equity Exchange Traded Fund, Inc. -a,c96.7991 4.04% 0.36% -2.05% n.a -4.27% Primarily invested in foreign currency securities (shares) ATRAM AsiaPlus Equity Fund, Inc. -b $0.7818 2.28% -10.38% -3.54% -2.31% -8.24% Sun Life Prosperity World Voyager Fund, Inc. -a $1.4996 10.77% -1.21% 4.19% n.a 5.31% Balanced Funds Primarily invested in Peso securities (shares) ATRAM Dynamic Allocation Fund, Inc. -a 1.439 -3.49% -2.92% -2.37% -2.33% -3.08% ATRAM Philippine Balanced Fund, Inc. -a 2.1057 3.08% 0.07% -0.6% -0.38% 0.02% First Metro Save and Learn Balanced Fund, Inc. -a 2.422 1.19% -0.5% -0.53% -1.64% -3.33% First Metro Save and Learn F.O.C.C.U.S. Dynamic Fund, Inc. -a 0.1864 0.59% -0.02% n.a n.a -3.67% NCM Mutual Fund of the Phils., Inc. -a 1.8715 2.73% -0.08% 0.73% 0.18% -3.75% PAMI Horizon Fund, Inc. -a 3.4035 3.19% -1.53% -0.07% -0.76% -1.11% Philam Fund, Inc. -a 14.9294 1.94% -2.17% -0.57% -1.04% -1.4% Solidaritas Fund, Inc. -a 1.9635 2.93% -0.11% -0.64% 0.35% -1.33% Sun Life of Canada Prosperity Balanced Fund, Inc. -a 3.2648 2.67% -0.87% -1.83% -1.11% -1.95% Sun Life Prosperity Dynamic Fund, Inc. -a 0.8598 3.33% 1.49% -1.02% n.a -2.17% Primarily invested in Peso securities (units) Sun Life Prosperity Achiever Fund 2028, Inc. -a 0.9127 4.19% -1.73% n.a n.a -0.27% Sun Life Prosperity Achiever Fund 2038, Inc. -a 0.8059 2.99% -2.4% n.a n.a -3.55% Sun Life Prosperity Achiever Fund 2048, Inc. -a 0.7862 2.5% -2.42% n.a n.a -4.41% Primarily invested in foreign currency securities (shares) Cocolife Dollar Fund Builder, Inc. -a $0.03117 0.87% -7.41% -2.06% -0.31% -3.86% PAMI Asia Balanced Fund, Inc. -b $0.8401 4.97% -7.78% -2.12% -2.03% -6.24% Sun Life Prosperity Dollar Advantage Fund, Inc. -a $3.882 5.52% -2.91% 1.9% 2.15% 0.94% Sun Life Prosperity Dollar Wellspring Fund, Inc. -a $0.9465 1.4% -5.5% -0.95% n.a -2.58% Bond Funds Primarily invested in Peso securities (shares) ALFM Peso Bond Fund, Inc. -a 386.93 3.1% 1.6% 2.54% 2.09% 2.44% ATRAM Corporate Bond Fund, Inc. -a 1.8947 1.48% -1.01% 0.4% -0.07% 1.06% Cocolife Fixed Income Fund, Inc. -a 3.2844 2.23% 2.21% 3.73% 2.29% 0.82% Ekklesia Mutual Fund, Inc. -a 2.233 3.47% -0.87% 1.11% 1.06% 2.54% First Metro Save and Learn Fixed Income Fund, Inc. -a 2.4149 1.25% -0.44% 1.78% 1.11% 0.99% Philam Bond Fund, Inc. -a 4.1787 1.13% -3.36% 2.14% 0.48% 0.75% Philam Managed Income Fund, Inc. -a 1.3554 3.34% 1.09% 2.95% 1.64% 2.7% Philequity Peso Bond Fund, Inc. -a 3.9623 3.09% 0.07% 2.79% 1.37% 2.42% Soldivo Bond Fund, Inc. -a 1.0392 3.14% 0.07% 3.6% n.a 2.22% 1.81% Sun Life of Canada Prosperity Bond Fund, Inc. -a 3.2304 3.96% 0.52% 3.29% 2.69% Sun Life Prosperity GS Fund, Inc. -a 1.729 3.04% -0.27% 2.48% 1.23% 1.96% Primarily invested in foreign currency securities (shares) ALFM Dollar Bond Fund, Inc. -a $488.87 2.4% 0.59% 1.86% 2.42% 1.84% ALFM Euro Bond Fund, Inc. -a Є210.91 1.58% -1.06% -0.21% 0.71% 0.6% ATRAM Total Return Dollar Bond Fund, Inc. -b $0.9881 0.6% -7.48% -2.48% -0.49% -2.11% First Metro Save and Learn Dollar Bond Fund, Inc. -a $0.0239 0.42% -3.26% -0.74% n.a 0.84% PAMI Global Bond Fund, Inc -b $0.8242 -1.2% -8.88% -4.23% -3.56% -4.75% Philam Dollar Bond Fund, Inc. -a $2.1231 2.42% -5.42% -0.07% 1.03% -2.64% Philequity Dollar Income Fund, Inc. -a $0.0606346 1.82% -0.65% 1.29% 1.55% 1.23% Sun Life Prosperity Dollar Abundance Fund, Inc. -a $2.5194 -1.17% -7.56% -2.63% -0.55% -7.43% Money Market Funds Primarily invested in Peso securities (shares) ALFM Money Market Fund, Inc. -a 135.94 2.31% 1.67% 2.53% 1.99% 2.03% First Metro Save and Learn Money Market Fund, Inc. -a 1.1009 3% 1.72% n.a n.a 2.54% Sun Life Prosperity Peso Starter Fund, Inc. -a 1.368 2.62% 1.92% 2.47% 1.95% 2.21% Primarily invested in Peso securities (units) ALFM Money Market Fund, Inc. -a 103.68 3.77% n.a n.a n.a 3.22% Primarily invested in foreign currency securities (shares) Sun Life Prosperity Dollar Starter Fund, Inc. -a $1.0889 2.02% 1.2% 1.47% n.a 1.77% Feeder Funds Primarily invested in Peso securities (units) ALFM Global Multi-Asset Income Fund, Inc. -a 40.999 -6.53% n.a n.a n.a -4.5% Sun Life Prosperity World Equity Index Feeder Fund, Inc. -a 1.3548 11.41% 9.39% n.a n.a 9.96% Sun Life Prosperity World Income Fund, Inc. -a,1 0.9521 n.a n.a n.a n.a n.a Primarily invested in foreign currency securities (Units) ALFM Global Multi-Asset Income Fund, Inc. -a $0.7437 -2.9% -7.84% n.a n.a -6.24%

a - NAVPS as of the previous banking day. b - NAVPS as of two banking days ago. c - Listed in the PSE. 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, 2022. 3 - Re-classified into a Index Fund starting December 5, 2019 (formerly an Equity Fund) 4 - Renaming was approved by the SEC last October 14, 2021 (formerly, First Metro Consumer Fund on MSCI Phils. IMI, Inc.). 5 - Launch date is October 4, 2022. 6 - Launch date is August 22, 2023. “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.”

www.businessmirror.com.ph

PSE STOCK QUOTATIONS

October 23, 2023

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 PSBANK RCBC SECURITY BANK UNION BANK BRIGHT KINDLE COL FINANCIAL FERRONOUX HLDG MANULIFE PHIL STOCK EXCH SUN LIFE

54,000 354,817,635 109,930 245,390,297 3,254,275 4,155,155 51,200,830 1,602,800 1,965,812 239,800 335,335 4,846,440.50 29,750,410.50 17,290 1,155,090 104,720 70,120 36,706 242,250

9,000 -210,098,136 -29,520 -75,440,800 -9,090 3,990,566 16,382,506 -281,274 -720,373 -8,949,180.50 -65,020 27,968 229,500

INDUSTRIAL ACEN CORP 5.09 5.12 5.08 5.14 5.03 5.12 6,581,500 33,561,318 ALSONS CONS 0.56 0.6 0.57 0.6 0.55 0.6 92,000 52,140 0.85 0.86 0.85 0.88 0.85 0.86 510,000 439,740 ALTERNERGY HLDG ABOITIZ POWER 35.25 35.8 35.5 36 35.1 35.25 698,900 24,884,285 RASLAG 1.31 1.32 1.39 1.39 1.3 1.32 527,000 696,550 0.19 0.193 0.196 0.196 0.187 0.19 4,610,000 880,780 BASIC ENERGY 18.06 18.1 18.02 18.06 17.96 18.06 145,000 2,609,912 FIRST GEN FIRST PHIL HLDG 60.6 60.65 60.65 60.7 60.6 60.6 4,100 248,636.50 373 374 379 379 374 374 177,900 66,627,818 MERALCO 17.72 17.88 18.06 18.06 17.68 17.72 119,000 2,111,422 MANILA WATER PETRON 3.39 3.4 3.4 3.47 3.36 3.4 1,280,000 4,326,820 4.3 4.31 4.31 4.58 4.31 4.31 1,771,000 7,633,800 PETROENERGY PHX PETROLEUM 5.72 6 5.71 6 5.71 6 33,700 194,373 REPOWER ENERGY 5.6 5.7 6 6 5.6 5.7 32,600 186,579 7.67 7.75 7.9 7.9 7.58 7.75 2,008,000 15,420,501 SYNERGY GRID 13.08 13.22 13.26 13.26 13.08 13.08 43,500 569,402 SHELL PILIPINAS SPC POWER 7.8 7.85 8 8 7.85 7.85 6,600 51,980 2.28 2.3 2.43 2.43 2.27 2.32 602,000 1,416,300 AGRINURTURE 1.86 1.94 1.93 1.93 1.86 1.86 212,000 402,200 AXELUM CNTRL AZUCARERA 11.16 12 12.2 12.2 12.1 12.1 15,000 181,580 28.4 28.55 29.2 29.2 28.3 28.55 413,200 11,798,500 CENTURY FOOD 7.3 7.49 7.33 7.54 7.3 7.3 8,600 62,942 DEL MONTE DNL INDUS 6.4 6.43 6.38 6.45 6.35 6.4 852,900 5,462,868 20.75 20.8 20.8 20.85 20.75 20.8 1,198,000 24,947,120 EMPERADOR 51.4 51.5 52 52 50.85 51.4 19,650 1,008,532.50 SMC FOODANDBEV FIGARO COFFEE 0.63 0.64 0.65 0.66 0.62 0.63 15,680,000 9,959,910 0.49 0.52 0.51 0.51 0.48 0.49 552,000 276,220 ALLIANCE SELECT 1.06 1.09 1.08 1.1 1.06 1.09 3,270,000 3,531,020 FRUITAS HLDG GINEBRA 168 170 169 170.6 168 170 13,250 2,244,884 210 211 215.2 215.6 209.8 210 910,590 192,592,598 JOLLIBEE 1.37 1.38 1.41 1.41 1.35 1.37 4,019,000 5,551,920 KEEPERS HLDG MACAY HLDG 6.63 7.5 7.6 7.6 6.6 7.5 4,700 33,262 4.18 4.27 4.3 4.3 4.18 4.18 11,000 46,600 MAXS GROUP MG HLDG 0.1 0.109 0.1 0.101 0.1 0.1 1,020,000 102,200 MONDE NISSIN 8.22 8.28 8.46 8.5 8.18 8.28 2,522,400 20,912,204 9.26 9.5 9.57 9.57 9.55 9.55 3,800 36,364 SHAKEYS PIZZA RFM CORP 2.99 3.14 3.15 3.15 2.99 2.99 1,599,000 5,017,160 SWIFT FOODS 0.053 0.061 0.053 0.053 0.053 0.053 190,000 10,070 112.9 113.5 113.2 113.7 112 113.5 1,037,050 116,795,427 UNIV ROBINA 0.51 0.52 0.52 0.52 0.52 0.52 209,000 108,680 VITARICH CEMEX HLDG 0.84 0.85 0.87 0.87 0.83 0.85 945,000 802,000 EC VULCAN CORP 0.85 0.86 0.89 0.89 0.86 0.86 878,000 760,300 5.26 5.28 5.24 5.37 5.01 5.28 1,147,500 6,077,600 EEI CORP MEGAWIDE 3.09 3.15 3.2 3.2 3.08 3.15 343,000 1,068,870 PHINMA 19.5 20 20 20 20 20 10,200 204,000 1.5 1.56 1.52 1.58 1.49 1.58 314,000 472,700 CROWN ASIA PRYCE CORP 5.19 5.2 5.22 5.22 5.18 5.2 5,300 27,608 CONCEPCION 14.48 15.12 15.16 15.16 15.16 15.16 500 7,580 0.38 0.385 0.405 0.415 0.38 0.38 18,270,000 7,285,800 GREENERGY INTEGRATED MICR 3.68 3.7 3.71 3.72 3.7 3.7 25,000 92,670 IONICS 1.21 1.23 1.2 1.25 1.2 1.23 645,000 785,950 2.12 2.15 2.13 2.16 2.1 2.12 525,000 1,124,300 SFA SEMICON CIRTEK HLDG 1.77 1.81 1.85 1.85 1.73 1.81 1,228,000 2,208,220

19,738,811 27,540 -3,340,675 212,440 -62,888 -4,087,670 -212,442 979,190 94,035 -3,539,311 4,000 -631,930 1,860,500 1,575,313 6,904,155 -420,126 14,500 -5,100 -149,240 1,381,874 -135,434,398 335,920 20,880 16,000 -7,949,358.00 -487,110 -22,050,810 86,000 -86,720 -60,750 -102,890 256,750

ABACORE CAPITAL AYALA CORP ABOITIZ EQUITY ALLIANCE GLOBAL ANSCOR ANGLO PHIL HLDG ATN HLDG A COSCO CAPITAL DMCI HLDG FILINVEST DEV GT CAPITAL JG SUMMIT LOPEZ HLDG LT GROUP PRIME MEDIA SOLID GROUP SM INVESTMENTS SAN MIGUEL CORP TOP FRONTIER WELLEX INDUS

-994,080 -23,186,275 -10,763,260 -466,876 -39,140 3,890 -11,412,208 4,616,365 -16,904,285.00 -66,360 -6,377,891 54,200 -90,038,570 -367,390 43,290 -

HOLDING & FRIMS

45 126.4 7.15 102.2 30.05 9.45 52.6 8.3 18.62 54.6 23.45 76.65 58.8 1.42 2.88 2.79 990 174 2,500

1.08 607 47.4 11.4 10.88 0.46 0.38 4.73 9.6 5.22 545 37.7 4.38 8.81 2.87 0.89 811 105.3 111.1 0.25

45.8 127 7.3 103 30.1 9.46 52.85 8.4 18.78 55 24 76.75 58.9 1.45 2.89 2.95 996 174.8 2,650

1.1 609 47.95 11.6 10.92 0.48 0.4 4.75 9.62 5.58 545.5 38.2 4.5 8.82 2.9 0.9 815.5 105.8 118.8 0.26

45 129 7.15 105 30.45 9.51 51.9 8.5 18.64 55 23.45 78.25 60.6 1.44 2.9 2.96 1,020 174 2,550

1.09 610 48.15 11.58 11 0.48 0.38 4.75 9.34 5.01 541 37.85 4.4 8.88 2.89 0.91 817 103.6 113 0.25

45 129.4 7.45 105 30.45 9.51 52.85 8.5 18.88 55 23.45 78.25 60.6 1.45 2.9 2.96 1,020 175 2,550

1.1 614.5 48.15 11.6 11 0.48 0.38 4.85 9.7 5.22 552.5 38.2 4.75 8.89 2.98 0.92 824 105.3 113 0.25

45 126.4 7.15 102.2 30.1 9.3 51.85 8.4 18.52 55 23.45 76.5 58.4 1.44 2.89 2.8 996 174 2,550

1.07 605 47 11.36 10.88 0.48 0.38 4.69 9.34 5.01 541 37.7 4.36 8.79 2.87 0.9 808 102 111 0.25

45 126.4 7.15 102.2 30.1 9.45 52.85 8.4 18.64 55 23.45 76.65 58.9 1.45 2.89 2.8 996 174.8 2,550

1.1 609 47.4 11.6 10.92 0.48 0.38 4.69 9.6 5.22 545.5 38.2 4.36 8.82 2.9 0.9 811 105.3 113 0.25

1,200 2,784,920 15,200 2,377,150 107,700 442,200 975,730 190,800 105,100 4,360 14,300 63,030 502,140 12,000 399,000 37,000 70 210 95

5,077,000 143,290 382,300 354,700 9,700 1,910,000 100,000 65,000 7,019,800 12,800 122,110 1,346,000 34,000 1,911,600 314,000 1,069,000 154,940 320,620 2,190 400,000

5,504,610 86,991,560 18,130,715 4,083,110 105,902 916,800 38,000 307,560 67,376,279 66,795 66,551,740 51,203,650 153,490 16,875,395 915,100 962,460 125,684,100 33,621,202 245,470 100,000

PROPERTY

ARTHALAND CORP 0.395 0.435 0.44 0.44 0.35 0.35 540,000 228,200 ANCHOR LAND 4.23 5.57 5.57 5.57 5.57 5.57 100 557 28.15 28.3 28.6 28.6 28.1 28.15 9,954,500 281,806,455 AYALA LAND 1.79 1.8 1.8 1.8 1.77 1.79 308,000 550,190 AYALA LAND LOG ALTUS PROP 8.77 9.49 8.78 8.78 8.77 8.77 2,600 22,803 1.05 1.07 1.01 1.09 1 1.07 1,434,000 1,498,510 ARANETA PROP AREIT RT 33 33.2 33.75 33.75 32.9 33.2 394,600 13,053,045 A BROWN 0.69 0.7 0.7 0.7 0.7 0.7 50,000 35,000 0.72 0.73 0.75 0.75 0.73 0.73 13,000 9,730 CITYLAND DEVT CROWN EQUITIES 0.062 0.073 0.071 0.071 0.068 0.068 4,410,000 302,030 CEB LANDMASTERS 2.59 2.6 2.55 2.59 2.55 2.59 1,829,000 4,715,160 0.305 0.31 0.31 0.31 0.31 0.31 810,000 251,100 CENTURY PROP CITICORE RT 2.53 2.54 2.54 2.54 2.52 2.53 1,368,000 3,454,590 DOUBLEDRAGON 6.8 6.97 6.82 6.98 6.8 6.98 76,000 518,631 1.27 1.28 1.27 1.29 1.27 1.28 531,000 677,320 DDMP RT DM WENCESLAO 6.32 6.33 6.32 6.33 6.32 6.33 15,500 98,060 EMPIRE EAST 0.133 0.134 0.141 0.141 0.132 0.134 14,800,000 2,012,930 0.285 0.3 0.295 0.3 0.28 0.3 1,470,000 432,950 EVER GOTESCO FILINVEST RT 2.99 3 2.99 3 2.99 2.99 468,000 1,402,880 FILINVEST LAND 0.6 0.61 0.6 0.61 0.6 0.61 1,861,000 1,119,930 8.61 9.34 9.33 9.34 9.33 9.34 135,500 1,264,217 8990 HLDG PHIL INFRADEV 0.54 0.55 0.58 0.59 0.54 0.54 670,000 370,070 CITY AND LAND 0.78 0.79 0.78 0.8 0.77 0.8 91,000 70,420 2 2.01 2.01 2.02 2 2 8,299,000 16,617,030 MEGAWORLD 0.19 0.194 0.2 0.2 0.187 0.194 4,700,000 897,330 MRC ALLIED MREIT RT 12.18 12.2 12.2 12.2 12.18 12.2 633,400 7,725,266 0.228 0.229 0.228 0.228 0.228 0.228 350,000 79,800 OMICO CORP PHIL ESTATES 0.335 0.34 0.325 0.335 0.325 0.335 1,440,000 475,900 PREMIERE RT 1.49 1.5 1.51 1.52 1.5 1.5 630,000 945,250 4.72 4.75 4.76 4.8 4.72 4.72 1,903,000 9,034,460 RL COMM RT 14.7 14.72 14.72 14.72 14.7 14.7 427,200 6,280,052 ROBINSONS LAND PHIL REALTY 0.153 0.184 0.154 0.154 0.154 0.154 500,000 77,000 1.35 1.4 1.36 1.36 1.33 1.35 48,000 64,850 ROCKWELL 3.5 3.55 3.59 3.59 3.5 3.5 40,000 140,260 SHANG PROP STA LUCIA LAND 2.96 3.18 3.18 3.18 3.18 3.18 3,000 9,540 30.85 30.9 31 31 30.35 30.9 2,012,500 61,910,930 SM PRIME HLDG 0.78 0.79 0.78 0.78 0.78 0.78 94,000 73,320 SUNTRUST RESORT VISTA LAND 1.65 1.69 1.73 1.73 1.65 1.65 104,000 172,190 1.63 1.67 1.65 1.68 1.62 1.63 199,000 325,250 VISTAREIT RT SERVICES ABS CBN 3.73 3.75 4 4 3.73 3.73 181,000 684,310 GMA NETWORK 8.27 8.28 8.28 8.29 8.25 8.27 84,700 700,467 1,795 1,797 1,818 1,818 1,790 1,795 18,640 33,476,900 GLOBE TELECOM 1,205 1,220 1,217 1,220 1,194 1,220 59,665 72,100,740 PLDT APOLLO GLOBAL 0.015 0.016 0.016 0.016 0.015 0.016 126,900,000 1,962,400 8.88 8.89 9.25 9.25 8.77 8.88 9,444,400 84,182,508 CONVERGE 3.05 3.06 3.14 3.15 3.06 3.06 115,000 355,420 DFNN INC DITO CME HLDG 2.98 2.99 3.2 3.37 2.8 2.98 26,441,000 81,193,660 1.41 1.42 1.48 1.48 1.41 1.41 2,423,000 3,470,900 NOW CORP 0.145 0.148 0.15 0.15 0.148 0.148 230,000 34,220 TRANSPACIFIC BR ASIAN TERMINALS 15.04 15.36 15.4 15.4 15.36 15.36 2,000 30,740 1.27 1.32 1.32 1.33 1.28 1.32 639,000 835,650 CHELSEA 33.05 33.1 33.1 33.15 33.05 33.05 231,000 7,642,430 CEBU AIR INTL CONTAINER 205 205.8 206 206 202.6 205 427,730 87,494,530 16.96 19.16 19.22 19.22 19.16 19.16 600 11,502 LBC EXPRESS MACROASIA 3.87 3.92 4.09 4.09 3.85 3.92 186,000 728,890 PAL HLDG 5.2 5.22 5.2 5.2 5.2 5.2 4,300 22,360 0.72 0.76 0.77 0.77 0.71 0.76 319,000 229,510 HARBOR STAR 1.8 1.88 1.8 1.8 1.8 1.8 970,000 1,746,000 ACESITE HOTEL GRAND PLAZA 9.75 9.76 6.97 9.75 6.97 9.75 300 2,369 0.41 0.42 0.41 0.41 0.41 0.41 580,000 237,800 WATERFRONT FAR EASTERN U 562 629 561 561 561 561 50 28,050 IPEOPLE 6.56 7.46 7.46 7.46 7.46 7.46 200 1,492 0.4 0.405 0.41 0.41 0.4 0.4 1,760,000 705,850 STI HLDG 1.15 1.17 1.2 1.2 1.11 1.15 1,211,000 1,366,410 BELLE CORP BLOOMBERRY 9.97 10 10 10 9.85 10 1,664,100 16,562,548 3.36 3.41 3.54 3.67 3.26 3.41 796,000 2,736,530 PACIFIC ONLINE PH RESORTS GRP 0.92 0.94 0.91 1 0.89 0.94 15,481,000 14,900,320 PREMIUM LEISURE 0.56 0.57 0.58 0.58 0.56 0.57 6,408,000 3,625,970 6.5 6.51 6.67 6.67 6.4 6.5 1,635,500 10,647,471 DIGIPLUS 1.76 1.79 1.8 1.87 1.75 1.78 570,000 1,015,910 PHILWEB ALLDAY 0.175 0.176 0.18 0.18 0.172 0.175 2,510,000 438,480 1.56 1.58 1.64 1.64 1.56 1.56 4,051,000 6,374,520 ALLHOME 1.17 1.19 1.19 1.19 1.19 1.19 8,000 9,520 METRO RETAIL PUREGOLD 28.7 28.95 29.25 29.25 28.7 28.95 709,200 20,570,750 42.5 42.6 44 45.45 42.3 42.6 394,900 16,868,030 ROBINSONS RTL 76 80 80 80 80 80 10 800 PHIL SEVEN CORP SSI GROUP 2.7 2.71 2.79 2.79 2.69 2.7 896,000 2,434,380 1.57 1.63 1.7 1.7 1.55 1.63 353,000 560,740 UPSON INTL CORP 21.6 22 21.95 22 21.6 22 966,800 21,167,045 WILCON DEPOT EASYCALL 2.61 3.07 2.98 2.98 2.98 2.98 1,000 2,980 MEDILINES 0.4 0.41 0.405 0.42 0.4 0.4 150,000 60,350 0.194 0.199 0.2 0.2 0.194 0.195 610,000 119,070 PRMIERE HORIZON SBS PHIL CORP 3.81 3.98 3.81 3.98 3.81 3.98 9,000 35,460 MINING & OIL ATOK 4.85 5 5 5 5 5 12,000 60,000 2.53 2.55 2.6 2.64 2.53 2.55 3,147,000 8,102,800 APEX MINING 3.23 3.3 3.31 3.31 3.23 3.25 1,210,000 3,927,200 ATLAS MINING BENGUET A 4.89 5.01 4.6 5.4 4.45 5.01 26,080,000 116,956,530 4.93 5 4.45 5.01 4.34 5 272,000 1,293,500 BENGUET B 3.12 3.18 3.12 3.18 3.12 3.18 310,000 976,300 CENTURY PEAK DIZON MINES 3.2 3.98 3.2 3.2 3.2 3.2 79,000 252,800 2.51 2.58 2.63 2.63 2.5 2.51 1,216,000 3,099,140 FERRONICKEL 0.038 0.04 0.038 0.038 0.038 0.038 2,700,000 102,600 GEOGRACE LEPANTO A 0.087 0.088 0.087 0.089 0.086 0.087 8,460,000 736,890 0.0044 0.0045 0.0045 0.0045 0.0045 0.0045 99,000,000 445,500 MANILA MINING A MANILA MINING B 0.0048 0.0057 0.0049 0.0049 0.0048 0.0048 3,000,000 14,600 MARCVENTURES 0.97 0.99 0.96 0.99 0.96 0.99 509,000 488,700 0.54 0.62 0.53 0.53 0.53 0.53 443,000 234,790 NIHAO NICKEL ASIA 5.5 5.54 5.5 5.55 5.48 5.5 556,300 3,062,438 ORNTL PENINSULA 0.68 0.69 0.7 0.7 0.68 0.68 325,000 221,420 2.88 2.9 2.96 2.99 2.9 2.9 1,464,000 4,282,300 PX MINING SEMIRARA MINING 30.85 30.9 31.1 31.25 30.55 30.85 1,493,300 46,161,205 ENEX ENERGY 5.95 6.08 6.08 6.08 6.08 6.08 400 2,432 0.0083 0.0085 0.0083 0.0083 0.0083 0.0083 12,000,000 99,600 PHILODRILL PXP ENERGY 3.33 3.4 3.4 3.4 3.32 3.4 25,000 84,640 PREFFERED HOUSE PREF B 93.1 96 95.95 96 95.8 96 2,990 286,987 ACEN PREF A 1,030 1,035 1,030 1,030 1,030 1,030 4,000 4,120,000 1,024 1,030 1,035 1,035 1,024 1,024 965 994,250 ACEN PREF B 2,466 2,468 2,450 2,468 2,450 2,468 70 172,320 AC PREF AR AC PREF B1 498 500 498.6 498.6 496.2 498.2 800 398,200 442.2 483.4 442.2 442.2 442.2 442.2 10 4,422 ALCO PREF D BC PREF A 34.95 34.9 34.95 34.9 34.95 1,100 38,415 BRN PREF A 97.2 98.9 99 99 99 99 1,000 99,000 33.1 33.3 33.2 33.2 33.1 33.1 10,700 354,785 CEB PREF 89.1 90 90 90.05 90 90 9,220 829,805 DD PREF EEI PREF B 97 98 98 98 98 98 100 9,800 920 925 920 920 920 920 110 101,200 JFC PREF B MWIDE PREF 4 90.05 92 90.1 92 90.1 92 620 56,109 PNX PREF 4 253 263.2 261.4 264 252.8 263.4 300 76,816 940 999 999 999 999 999 10 9,990 PCOR PREF 4A PCOR PREF 4C 990 999 990 990 990 990 300 297,000 SMC PREF 2F 72.1 73.65 72.55 72.55 72 72.05 14,250 1,027,114 66 67.95 67.25 67.25 65.1 65.1 6,310 415,983 SMC PREF 2J 66.2 68.9 66.25 66.25 66.2 66.2 2,440 161,578 SMC PREF 2K TECH PREF B2C 42.15 47.45 42.5 42.5 42.5 42.5 4,100 174,250 48.15 48.95 48.95 48.95 48.95 48.95 3,200 156,640 TECH PREF B2D

PHIL. DEPOSITARY RECEIPTS ABS HLDG PDR GMA HLDG PDR

WARRANTS

TECH WARRANT

8,700 -101,606,715 76,540 -1,948,160 69,000 4,681,490 -187,200 -408,410 -92,250.00 -83,750 75,820 -39,290 -2,951,290 1,880 685,738 379,300 34,500 2,759,680 4,711,348 28,450 3,580 -17,827,035 -16,560 -22,840 -826,620 -15,584,090 -30,296,940 7,870,850 -58,000 4,620 -25,600 -363,020 -23,230,742 -301,490 3,850 270,000 746 -296,000 10,500 1,205,437 1,855,510 127,420.00 2,842,640 108,000 1,750 -424,120 7,055,085 -6,262,390 -769,210 -255,910 -1,990,400 389,840 845,000 180,940 820,300 98,900 4,800 -824,757 -10,350 -11,512,060 17,000 -51,200 -98,640 -29,920 -202,280 87,380 66,250 8,500 -

3.43 3.54 3.57 3.57 3.39 3.54 203,000 7.47 8.1 7.48 8 7.47 7.47 9,500

711,930 71,034

-322,760 -

0.34

21,050

7,000

0.37

0.35

0.37

0.345

0.37

60,000

SMALL, MEDIUM & EMERGING

0.46 0.46 0.44 0.46 40,000 18,050 0.79 0.82 0.79 0.82 343,000 277,190 0.9 0.9 0.87 0.9 225,000 196,050 0.74 0.76 0.7 0.76 30,000 21,460 1.73 1.73 1.73 1.73 1,000 1,730 1.15 1.17 1.15 1.16 864,000 995,850 4,640 0.23 0.23 0.229 0.229 150,000 34,400 -34,400

EXHANGE TRADE FUNDS

96.85 96.85 95.8 96 9,230 888,250 54,924

BALAI FRUITAS CTS GLOBAL HAUS TALK ITALPINAS MAKATI FINANCE MERRYMART XURPAS

FIRST METRO ETF

0.435 0.79 0.86 0.72 1.75 1.15 0.229 95.8

0.455 0.82 0.9 0.75 2.39 1.16 0.24 96

www.news.businessmirror@gmail.com

Banking&Finance BusinessMirror

Editor: Dennis D. Estopace • Tuesday, October 24, 2023

BTr raises ₧15B despite high asking yields

By Jasper Emmanuel Y. Arcalas

@jearcalas

HE Bureau of the Treasury (BTr) raised almost P15 billion from the tender of short-term government securities as it bit the bullet amid continuous rise in investors’ asking yields.

The Treasury saw mixed results in its last auction of Treasury bills (Tbills) for the month of October with

the 182-day tenor being the only one not being fully awarded. The Treasury raised the full

amount of P5 billion each from 91-day and 364-day T-bills while it awarded only P4.26 billion for the 182-day tenor. In total, the Treasury raised P14.26 billion out of its intended P15 billion amount to borrow from the domestic market. The Treasury missed P840 million in raising the full programmed amount of P15 billion for the auction last Monday. Yields, however, rose again weekon-week across all three tenors, Treasury data showed. The 91-day T-bills fetched an average rate of 6.149 percent with a range of 6.04 percent to 6.249 percent. The

same debt paper had an average rate of 5.99 percent last week, with a range of 5.85 percent to 6.1 percent. The yield for the 182-day T-bills averaged 6.33 percent from previous week’s average of 6.207 percent. Monday’s auction saw bids for 182day T-bills ranging between 6.245 percent and 6.399 percent. Meanwhile, the 364-day T-bills’ average rates inched up to 6.479 percent from 6.388 percent in the previous week’s auction. Investors asked yields from as low as 6.4 percent to as high as 6.525 percent for the 364-day government security. “It is worth noting that the Treasury bill auction yields have already

adjusted higher to be better aligned with the 1-year/overnight average auction yield at 6.14 percent recently,” Rizal Commercial Banking Corp. (RCBC) Chief Economist Michael L. Ricafort told the BusinessMirror. “T-bill auction yields also increased in recent weeks to also be better aligned with the key local policy rate at 6.25 percent,” Ricafort added. However, the RCBC executive pointed out that the average auction yields for T-bills are now “unusually” much higher than the comparable short-term PHP BVAL yields. Nonetheless, Ricafort explained that some of the factors influencing the T-bills yields include the escalat-

ing Israel-Hamas war, higher global crude oil prices, and higher US Treasury yields. Treasury data showed that the T-bills auction remained oversubscribed with total bids reaching P23.4 billion, about 1.6 times over the programmed P15 billion amount. The 364-day T-bills posted the highest demand with P10.095 billion in total bids followed by 91-day with P7.804 billion in total tender, Treasury data showed. The 182-day T-bills fetched P5.46 billion in total bids. The Treasury is set to hold its final auction for the month of October on October 25 with a P30 billion tender of 7-year Treasury bonds.

Preparing for medical LandBank offers savings product with tiering system emergencies T

ACING a medical emergency that requires a significant out-of-pocket expense can be financially crippling. Just recently, I was hospitalized for nearly a week due to a severe bacterial infection and recently discovered that I had an unmanageable blood glucose. After my emergency surgery and discharge, I was left with a hospital bill that was much more painful than my actual illness. To avoid the risk of bankruptcy in the event of future emergencies, it is crucial to have foresight and take proactive financial steps. As a Registered Financial Planner, I am suggesting five key strategies to protect your financial well-being when medical crises strike: 1. Emergency fund planning. Building and maintaining an adequate emergency fund is the cornerstone of financial preparedness. An emergency fund is a dedicated savings account that should cover at least six to twelve months of your living expenses or salary, whichever is higher. For those with variable income such as freelancers or salespeople, it is prudent to save even more since we never know when our income drops or halts. When a medical emergency arises, you will be tapping into your emergency fund first to cover the hospital expenses. That way, you will not end up borrowing money from relatives or from high-interest credit card debt. 2. Get an HMO card. Having a Health Maintenance Organization (HMO) card is a great benefit from employers. Not only does it offer free annual physical checkups, it also covers your hospitalization expenses up to a certain limit, usually up to P200,000, depending on the plan that is availed of. We never know when we fall ill, and we do not know how much our hospital bill will end up costing, and so availing of an HMO card as a self-employed or freelancer makes good sense. Usually, an HMO card is paid for annually and increases in cost as one gets older. 3. Invest in a comprehensive health and life insurance. On certain occasions, the HMO coverage is not sufficient to cover the entire hospital bill, especially if you are being treated for a critical illness. Furthermore, if you are on a “no-work no-pay” setup, the HMO does not cover your lost income opportunity. This is where having a comprehensive health and life insurance policy comes in. Certain variable life insurance policies offer critical illness riders and hospitalization income rider

Raymond Anthony Quisumbing

personal finance policies. If you have been diagnosed with a critical illness, you will be given a lump-sum amount to spend for your recovery. With hospital income, you will be paid a daily allowance based on the number of days of confinement. 4. Regular financial health check-ups. It is more affordable to do a quarterly health check-up instead of having a one-time big time medical emergency. Though there are medical emergencies that are due to accidents, there are things that we can do early on to prevent minor illnesses from becoming serious illnesses with accompanying complications. Regardless of what you are feeling at the time, have your blood chemistry and other screenings done. If there are abnormal values in any of your tests, you may be prescribed medicine in order to normalize it. It is important to note that certain illnesses do not manifest or show symptoms until it is well too late. Hence, early detection counts a lot. 5. Living a healthy lifestyle. Maintaining a good exercise regimen aside from having a healthier diet can help improve one’s overall health and blood chemistry. Do exercises that will improve stamina and strength, as your body allows it. You do not need to spend on a gym membership in order to get fit. There are many home exercises that can be done that are available for free. Also, it is said that the food we eat impacts the quality of our blood and body. Try to avoid excess carbohydrates, fats, and sugar. Also, drink lots of water and avoid sugary drinks, avoid smoking, and abstain from drinking alcoholic beverages. By maintaining a healthy body, the more we are able to perform at our best and achieve our financial and life goals. To avail of my upcoming book on life lessons in finance and business, feel free to browse my official website at: https://www. ohmyfinance.pro. Raymond Anthony Quisumbing is a Registered Financial Planner of RFP Philippines. Follow him on X (formerly Twitter) at @OhMyFinancePH. To learn more about personal-financial planning, attend the 104th RFP program this October 2023. To inquire, e-mail info@rfp.ph or send a text message to 0917-6248110.

ERRATUM In the story “Japanese lender MUFG to give govt time for MIF rules tweak” that came out in the October 21, 2023, issue of the BusinessMirror, it should read that MUFG Bank Ltd. is celebrating its 70th year. Our apologies.—Editor

HE Land Bank of the Philippines (LandBank) rolled-out last Monday a new savings product that would allow Filipinos, particularly those willing to park at least P10 million, to earn as much as 4 percent from their deposit. LandBank unveiled its OptiSaver savings account, which it described as “premium,” that seeks to provide individual depositors with higher interest rates depending on their average daily balance (ADB). Under OptiSaver, deposits amounting to P50,000 to P499,999 would yield a fixed interest rate of 0.05 per-

cent. The rates for deposits beyond P500,000 would be based on a tiering system. Accounts with an ADB between P500,000 and P999,000 would have an interest rate of 1 percent; P1 million to P2.999 million would yield 2 percent; P3 million to P4.999 million (2.5 percent); P5 million to P6.999 million (3 percent); P7 million to P8.999 million (3.5 percent) and P9 million to P9.999 million (3.75 percent). Only accounts with an ADB of at least P10 million and above would receive a 4-percent interest rate, according to the state-run lender.

“This premium savings account stands as one of the financially rewarding deposit products in the industry, far surpassing the rates provided by regular savings accounts,” LandBank President and CEO Lynette V. Ortiz said. “Unlike a time deposit, clients here have access to their liquidity any time. The tiering of the interest rates will be dependent on the balance you maintain. It is not like a time deposit. We are paying very competitive rates for a savings account,” Ortiz added. LandBank Executive Vice President Liduvino S. Geron said the bank’s latest

savings product would expand its portfolio of savings and financial products that are “tailored-fit” to the “needs of its diverse clients.” Geron disclosed that LandBank clients “clamored” for higher interest rates for their deposit accounts. LandBank Senior Vice President Marilou L. Villafranca said the bank factored in three things in creating the OptiSaver savings account: optimal interest rates for savers; convenient opening and monitoring of accounts; and, maintaining the full benefits and features of a savings account. Jasper Emmanuel Y. Arcalas

PCSO files court cases vs online lottery operators

P SSS NOTICES This October 13, 2023 photo courtesy of the Social Security System shows SSS National

Capital Region South Division Acting Vice President Cristine Grace Francisco (third from right), SSS NCR South Legal Department Acting Head Atty. Victorina Pardo-Pajarillo (second from right), SSS Parañaque-Tambo Acting Branch Head Fe Redencion Fernandez (fourth from right) and other SSS employees serving a notice of violation to a business establishment. The SSS announced last Monday it served seven employers covered by the SSS Parañaque-Tambo Branch with notices of violation for non-remittance and non-production of records. Based on legal assessment, the said employers incurred about P2.7 million in contribution delinquencies, affecting around 102 employee-members. Photo courtesy of the Social Security System

City Savings posts ₧2.1B income on loan releases By Rizal Raoul S. Reyes

@brownindio

ITY Savings Bank Inc. (CSBI) announced last Monday that its net income after tax (NAT) hit P2.1 billion as of August this year after generating P72 billion in loan releases. In a statement, the country’s fourthlargest thrift bank in terms of assets said its loan portfolio expanded 35-percent yearover-year (YOY) to P97.5 billion. Its interest income also grew 31-percent YOY. CSBI added it achieved a return on equity (ROE) of 16.2 percent. CSBI CEO Lorenzo T. Ocampo was quoted in the statement as saying their clients “are the reason for our success.” “And for that, we are immensely grateful to them,” Ocampo said vowing that they “will continue to fulfill our purpose of elevating communities through financial inclusion.” The CEO considers its NAT as a quantum leap in the banking industry since CSBI started from a single-product bank focused on teachers’ loans and grew “into a financial

institution that offers a wide range of financial products tailored to the mass market segment.” The latter includes motorcycle lending and other salary loan segments. Ocampo added the bank continues to introduce new services in the thrift banking sector as it celebrates its achievement of a P100-billion loan portfolio owing this milestone to its clients. Some of the innovative solutions offered to the clients include an app that allows teachers to view their account balances in real-time and apply for a re-loan anytime. The CEO also cited their chatbot, a software that responds to inquiries and processes new loan applications 24/7. Ocampo said the bank’s focus on its growth and innovation programs yielded positive results as it has earned accolades from several institutions. “Our journey through the years has brought many opportunities and challenges; but we have managed to do well,” City Savings President Manuel G. Santiago Jr. was quoted in the statement as saying.

HILIPPINE Charity Sweepstakes Office (PCSO) General Manager Melquiades A. Robles and Director Retired Judge Felix P. Reyes personally led last Monday the filing of charges against individuals behind four firms engaged in the unauthorized online lottery operations in the country. A statement issued by the PSCO quoted Robles as saying that the government agency “is losing billions of pesos in revenues because of the illegal operations perpetrated by the suspects.” “Hindi tayo nagbibiro. Kakasuhan at ipakukulong natin ang lahat ng may kaugnayan sa iligal na operasyong ito para mahinto na ang kalokohan nila,” Robles said through the statement. [We are not kidding. We will prosecute and imprison everyone associated with this illegal operation to stop their nonsense.] The criminal complaints were filed before the Mandaluyong Prosecutors Office against the following firms: Eplayment Corp.; Paymero Technologies Ltd.; Global ComRCI International Inc.; and, Blockchain Smart-Tech Co. IT Consultancy. Robles said “the unauthorized operations conducted by these entities not only jeopardize the revenue of the agency but also erode public trust in the legitimacy and fairness of its authorized games.” According to the PCSO statement, the criminal complaints were prompted by an investigation conducted by the National Bureau of Investigation, which revealed that these groups were responsible for the ownership, operation and administration of “Pakilotto” and “Surelotto.”

The companies reportedly misused the PCSO’s name, logo and various lottery games, soliciting and accepting bets from the public through their unauthorized mobile applications and websites. According to Robles, the evidence obtained during the investigation “effectively proves their illegal activities, leaving no room for doubt or ambiguity.” “The PCSO is fully committed to ensuring that those involved face the appropriate legal consequences for their actions,” he added. The investigation also discovered that Eplayment, which operated under the now-defunct website “Pakilotto,” was soliciting and accepting bets from the public at an inflated price of P30 per ticket, a 50-percent markup compared to the standard P20 lotto ticket. Similarly, “Surelotto,” a similar mobile app, sold tickets online for P25, a 25-percent increase from the regular price. Prizes of smaller denominations are allegedly directly deposited into the winner’s registered bank account, while jackpot prizes require winners to visit the “Surelotto” office in person. Furthermore, Global ComRCI and Blockchain Smart-Tech entered into an agreement with Eplayment and technology provider Paymero, using the latter’s software for processing payments and managing financial account information, the PCSO statement read. Although Global ComRCI and Blockchain Smart-Tech were considered facilitators, they reportedly established a revenue-sharing arrangement, the agency added.

‘Aggressive’ lending boosts Landbank’s 9-mos profit

HE Land Bank of the Philippines (LandBank) announced that its net income in the nine months to September rose by almost a fifth year-on-year to nearly P32 billion driven by its “aggressive” loan portfolio expansion and higher yields from investments. In a statement on Sunday, the state-run lender said its net income at the end of September reached P31.85 billion, 24 percent higher than the P25.7 billion it posted in the same period of last year.

The bank pointed out that this is now its “highest ever” net profit since it first breached the P30 billion mark in end-2022. The bank has also exceeded its target of P26.3 billion net income for January to September period.The LandBank has now reached nearly 91 percent of its full-year net income target of P35 billion this year. “The unprecedented income was driven by the aggressive expansion of our developmental loan portfolio, coupled with robust yields from loans and investments,”

LandBank President and CEO Lynette V. Ortiz was quoted in the statement as saying. “We have, likewise, been prudent and disciplined with managing our expenses to maximize gains.” Ortiz added the lender’s executives “will ensure that our solid balance sheet continues to translate to substantial and meaningful support to the sectors we serve.” The LandBank said it earned P91.15 billion in interest from loans and investments, about 35.9-percent higher than

what it collected last year. The bank explained that its total assets rose by 11.5 percent to P3.1 trillion from P2.8 trillion. The double-digit growth rate was driven by the 12.8 percent year-on-year increase in its deposits that have reached P2.7 trillion, according to LandBank. Meanwhile, the bank’s capital likewise rose substantially by 21.9 percent to P249.2 billion from P204.4 billion in 2022, already exceeding the full-year target of P243.8 billion for 2023. Jasper Emmanuel Y. Arcalas

Tuesday, October 24, 2023 • Editor: Gerard S. Ramos

Art

BusinessMirror

www.businessmirror.com.ph

Rega turntable gives different spin to Sansó’s art THE special-edition Sansó x Rega Turntable System, limited at 150 models.

TODAY’S HOROSCOPE By Eugenia Last

CELEBRITIES BORN ON THIS DAY: Shenae Grimes, 34; Eliza Taylor, 34; B.D. Wong, 63; Kevin Kline, 76. HAPPY BIRTHDAY: Pick up the pace and take care of unfinished business. Clearing a passage that opens you to new and exciting adventures will motivate you to be an overachiever this year. Let your imagination lead the way and your discipline carry you to your desired destination. Create opportunities in your mind and adjust to the journey that beckons you. Make a sound relationship a priority. Your numbers are 3, 8, 14, 21, 27, 36, 48.

ARIES (March 21-April 19): Focus on what’s important to you. Do your own thing and stay out of sight. You’ll gain ground if you have tunnel vision and follow your heart. Refuse to let anyone bully you into taking on something that benefits them more than you. ★★★

F Presidential Medal of Merit Awardee Juvenal Sansó weren’t into the visual arts, he would’ve worked at the opera. This according to the man himself, responding to the casual question of Fundacion Sansó Director Ricky Francisco a few years ago. Sansó cited his experience designing opera sets, while Francisco revealed that the master painter belted to YouTube videos when he frequented the foundation’s San Juan space before the pandemic. Sansó’s fondness of music serves as one of the primary reasons behind the collaboration between Fundacion Sansó and UK-based hi-fi brand Rega. The two recently launched the special Sansó x Rega Turntable System, featuring the artist’s iconic Breton House work Impact of Creation. “We want to share Mr. Sansó’s art to those who love music, because he himself is a music lover,” Francisco said during the launch. “In terms of the selected design, we were conscious that a lot of the music lovers may not know of Mr. Sansó’s art very well. This is why we chose from the Breton House Series, which is a nice way to introduce the artist to them and to the non-art collectors.” Francisco explained that the series figures as an important part of Sansó’s artistic career. Painted during the late 1990s and 2000s, the Breton House Series represented a time when Sansó felt “most secure and happy in his life and work.” The series stems from the artist’s early Breton House lithographs that he first made in the 1970s, when his visits to Brittany and his friendship with the Le Dantec family formed part of his healing phase

TAURUS (April 20-May 20): Don’t hesitate; take the initiative and reach for the stars. You’ve got what it takes to make a difference and to sink your teeth into something that brings you joy. How you connect and use your skills will open doors that can make your journey exciting. ★★★★

GEMINI (May 21-June 20): Don’t give away your secrets or allow others to interfere with your plans. Work undercover, and you’ll find it easier to reach your objective quickly, allowing you to launch what you have to offer without competition. ★★

from his World War II traumas. The resulting Breton House paintings—which portray whimsical Brittany houses dotting the coastline, azure skies and seas, and fishing boats in the foreground—bathe in cheerful colors, inspiring optimism and joy. For the Sansó x Rega turntables, the Impact of Creation motif is printed onto the turntable using highresolution, large-format printers. This makes the limited-edition collectible not only a musical tool but also a decorative art piece. It’s capped at 150 models, with each turntable system having its own Certificate of Authenticity issued by Fundacion Sansó. Aside from promoting Sansó’s art to music lovers, the partnership also helps students in need. Part of proceeds of each Sansó x Rega sale will go to the study grants for art students of the University of the Philippines College of Fine Arts (UPCFA). A UP Fine Arts alumni, Sansó has made it his mission to help art students achieve their dreams. Francisco said that the artist understands facing financial struggles as a student. When Sansó studied in Paris, he had to make ends meet from the small

amount sent by his family in the Philippines. This is why after making a name for himself as an artist, Sansó started contributing money privately to the UP registrar to help a talented student in need of financial support. “Most of what we do at Fundacion Sansó, even merchandising, was based on what Mr. Sanso was doing,” Francisco said. “It was natural for him [to help].” The foundation has been providing scholarships and grants to over 30 Fine Arts students from the Bulacan State University, the Far Eastern University, and the University of the Philippines. Earlier this year, Fundacion Sansó donated proceeds from its Masters Giclées to the Leo Abaya Thesis Grant of UPCFA. The Sansó x Rega Turntable System is available exclusively at the Fundacion Sansó Museum Shop and its online store www.fundacionsanso.com. The special edition is on view at Fundacion Sansó and its partner galleries Art Lounge Manila-Podium, Galerie Joaquin Powerplant Mall, and Galerie Nicolas Greenbelt 5, Makati. ■

MFPI: 2023 is a good year for PHL arts and culture FOLLOWING the recent success of its annual three-day fundraising event, MaArte Fair, non-profit organization Museum Foundation of the Philippines Inc. (MFPI) has released a statement calling 2023 as a “good year” for the country’s arts and culture. According to the organization’s president Danny Jacinto, “Judging based on the output of MaArte Fair this year, we can confidently say that compared to years past, Filipinos have become more open to supporting our own artists, artisans, and other things endemic to the Philippines.” For those unaware, Museum Foundation is a non-stock, not-for-profit membership and volunteer organization dedicated to not only preserve and promote the Philippines’ rich artistic and cultural heritage, but to also provide funding support for the special projects of museums in the Philippines— with the National Museum being its primary focus. The organization started as an informal gathering of friends of the National Museum back in the 1980s. The goal back then was simple: to help gather small funds to assist with the museum’s operations. In 1986, the individuals who were part of this

movement officially registered themselves as Concerned Citizens for the National Museum (CCNM). It wasn’t until 1995 until they decided to change the name of the organization to Museum Foundation of the Philippines, which allowed them to assist other museums in the country while continuing to provide support for the National Museum. Since then, Museum Foundation has achieved many milestones. Most recently, there was the MaArte Fair 2023, which brought together 120 artists and artisans in one roof to showcase their work. This was the biggest turnout for the much-awaited annual fundraiser. During a span of three days, the fair allowed the Museum Foundation to generate double the funds compared to last year, giving the organization the ability to aid more museums, artists, and artisans. “Not many people understand the profound effects this year’s success has for the country’s arts and culture,” shares Danny Jacinto. “First, it showed everyone that the community is growing and gaining momentum. This is the first time in MaArte

Fair’s history that we occupied three floors of The Peninsula Manila, in addition to the courtyard. Second, the funds gathered during the event will allow us to further extend help where it is needed. We have more than 1,200 museums in the country, most of which need help one way or the other. There are also individuals—artists and artisans—who need funding assistance to enrich their craft. Through these funds, Museum Foundation is able to help build a more vibrant community, and promote and preserve arts and culture.” Jacinto adds, “The MaArte Fair and its success is a physical manifestation of the five core values of the Museum Foundation which are: love of country, effective collaboration, integrity and trust, pursuit of excellence, and, last but not the least, inclusivity. It is these values that guide us to work harder this year to achieve more for the sake of the Filipino people.” Speaking of achieving more, the MaArte Fair is not the only hallmark achievement of Museum Foundation this year. The organization also provided assistance during the Cultural Center of the Philippines’

Pasinaya Festival back in February. During the same month, they also served as a sponsor and education partner for Art Fair Philippines. In April, they extended support for the production of Threaded Traditions: The Inabal of the Bagobo-Tagabawa, a 30-minute documentary whose main goal is to help preserve weaving traditions and honor the late Salinta Monon, a weaving virtuoso. The documentary is slated to be completed next month, and was filmed entirely in Bansalan, Davao. In July, they provided scholarship grant for one National Museum employee to study Master’s in Heritage and Exhibit Design at the Edinburgh Napier University in Scotland. “We extend our heartfelt gratitude to all who supported us this past year. Our supporters’ generosity and unwavering dedication have fuelled our humble success. We honestly couldn’t have achieved any of this without their support. Our only ask is that they continue to support Philippine arts and cultures in the years to come—through the Museum Foundation and through any other means they can,” ends Jacinto.

CANCER (June 21-July 22): Juggle your schedule to suit your needs. Talk to experts, consider your options and align yourself with people who can help you reach your goal. Alter your home and lifestyle to mesh with opportunities and events in order to help you reach your target. ★★★★★

LEO (July 23-Aug. 22): Stay calm, avoid chaos and live within your means. Offer what you can, and take on what benefits your longterm plans. Refuse to let others dictate what’s best for you. Keep your life simple, under your control and heading in a positive direction. ★★★

VIRGO (Aug. 23-Sept. 22): Live, learn and experience what life offers. Short trips, conversations and a change for the better are within reach if you broaden your horizons and network with like-minded people in your community. Don’t procrastinate if action is necessary. ★★★

LIBRA (Sept. 23-Oct. 22): Listen, and you’ll keep the peace at home. Changing how you allocate money will encourage a lifestyle that puts your mind at ease and enables you to follow what makes you happy. Use your imagination, pay attention to detail and excel. ★★★

SCORPIO (Oct. 23-Nov. 21): Making home improvements, networking and implementing the changes necessary to reach your objective will get you where you want to go. A joint effort will lead to unexpected opportunities. Put your heart and soul into self-improvement and worthwhile connections, and something positive will transpire. ★★★★★

SAGITTARIUS (Nov. 22-Dec. 21): Keep an open mind, listen and contemplate what’s best for you. Worrying less about what others do or say will make it easier for you. Set boundaries if someone is being too aggressive or not pulling their weight. ★★

CAPRICORN (Dec. 22-Jan. 19): Follow the money and discover how to cut your overhead to create opportunities to enjoy leisure time. Sell items you no longer need, and declutter your space to make room to accommodate things that are meaningful to you. ★★★★

AQUARIUS (Jan. 20-Feb. 18): Keep your eye on the ball and take notes. Don’t expect anyone to give you something for nothing. A hyped-up deal will disappoint, but investing more time in you and your surroundings will spark innovative ways to expand your interests. ★★★

PISCES (Feb. 19-March 20): Establish what you want and what it will cost, and start saving. A change may seem unattainable, but you will reach your target with ingenuity and discipline. Changing how you manage or make your money will lead to financial opportunity. ★★★ BIRTHDAY BABY: You are detailed, insightful and proactive. You are playful and flexible.

‘same old song’ BY DAVID TUFFS

The Universal Crossword • Edited by David Steinberg/Anna Gundlach/Adrian Johnson ACROSS 1 Frankenstein’s underling 5 Singer Zayn 10 Battleship successes 14 Prefix for “tube” or “second” 15 Muscat resident 16 Leave out 17 Actor Guinness 18 United States ex rel. Gerald Mayo v. ___ and His Staff (1971 case) 19 “Yeah, not happening” 20 Strike on the head 21 It might help an arm rest 22 Sport for Japanese heavyweights 23 Like comedian Maeve Higgins 25 Serengeti antelope 26 Punishment-related 27 Poker giveaways 28 Matterhorn, for one 29 Sprinter Jesse 30 Male romantic interest, from the Italian 33 Pet rocks, once 35 Enjoy thoroughly 36 Tear apart

39 John, Paul or John Paul 40 Major bargain 41 Door handle 43 Trio with the song “No Scrubs” 44 Wrongly 46 Covert operator 47 Ohio birthplace of LeBron James 49 Star ___ (Asian spice) 51 Usher in, as a new year 54 Idyllic place 56 Give up 57 Minecraft streamer, say 59 Company that created a Sonic boom? 61 “Bearded” flower 62 Precipice 63 Disappearing sea 64 Obtained 65 Houston’s state 66 ___ Lanka DOWN 1 “Can’t you see we’re busy?!” 2 Aplenty 3 Low-scoring soccer result 4 2017 Calvin Harris hit, covered by

the Foo Fighters? 5 Fuzzy forest growth 6 Merge into one 7 2019 Taylor Swift hit, covered by Bad Bunny? 8 Like a loud and angry group 9 Highest face card 10 2016 Rihanna hit, covered by Avicii? 11 Resistant to illness 12 Heartless visitor to Oz 13 Parking spots at many bars? 24 QVC alternative 26 Place to grow or cook vegetables 31 The “A” of NBA: Abbr. 32 Singer Guthrie 33 2001 Enrique Iglesias hit, covered by Bob Dylan? 34 Incentive for taking some hard HS classes 37 Ones with the scoop 38 2015 Maroon 5 hit, covered by ... Maroon 5? 39 Class-conscious org.? 42 “Ta-ta!” 44 Garten on the Food Network

45 Scurried away 48 Mine deposits 50 Cape Canaveral org. 52 Out magazine letters 53 “I triple-dog- ___ you!” 54 Warrior princess of 1990s TV 55 Holy book holders 56 Smoke, briefly 58 Brownie recipe instruction 60 Boxer Laila Solution to today’s puzzle:

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Editor: Gerard S. Ramos • Tuesday, October 24, 2023

Alden Richards relishes being outside his comfort zone

REEL- and real-life couple Julie Anne San Jose and Rayver Cruz star in The Cheating Game.

‘The Cheating Game’ streams on Netflix starting October 26 THE GMA film The Cheating Game will be available worldwide on the popular streaming platform Netflix beginning October 26. Top-billed by Julie Anne San Jose and Rayver Cruz, the film delves into the psyche of two individuals who react differently to betrayal after being cheated. In The Cheating Game, Hope (Julie) is an idealistic young professional who thinks she can change the world. She is devoted to her fiancé and the nongovernmental organization (NGO) they’ve built together. That is, until a sex video of her boyfriend with another woman surfaces. Walking away from the engagement, the NGO and the life she thought was hers, Hope starts her new career as a content producer in a company. Unknown to her, this firm moonlights as a troll factory. She becomes determined never to be outsmarted by a guy again. She designs a ‘cheat sheet’ detailing the ‘anatomy of a cheater’ and uses this as her guide as she navigates the dating world again. She then meets Miguel (Rayver), a self-made businessman who gives off green flags for a partner. Hope thinks she has found the perfect guy. But as they become closer, long-kept secrets begin to surface. Critics commend the film as it depicts a more mature, relatable, and realistic side to modern-day dating. Acclaimed Filipino screenwriter Ricky Lee described The Cheating Game as not a usual rom-com. “I was expecting a typical rom-com, but it turned out to be so much more,” said Lee, the National Artist for Film and Broadcast Arts. “Hindi ko ini-expect ’yung twist.” The Cheating Game is produced by GMA Public Affairs under GMA Pictures, and is cowritten and directed by best-selling author Rod Marmol. The film is based on the original concept and story by Peabody award-winning documentary writer and producer Shao Masula and cowritten by Jessie Villabrille, a head writer for some of GMA’s acclaimed primetime series. The Cheating Game is available on Netflix worldwide beginning October 26. More information is available on www.gmanetwork.com.

T has been more than four years since Alden Richards had a movie out on the big screen. The 2019 movie Hello, Love, Goodbye was both an artistic and commercial success which saw Richards paired with Kathryn Bernardo. We spoke to Richards recently and he told us that he is more than happy to have a new movie—Five Breakups and a Romance—currently being shown in more than 200 cinemas all over the country, and one he describes as a “very special project.” “As I grow older in this industry, I am learning how to strategically plan my next moves, even take calculated risks. When this project started to take shape, I knew that it meant stepping out of my comfort zone as an actor, and it would require me to take a huge leap into unknown territories,” he said. He is also referring to being involved in this movie not only as an actor but also as a producer. Richards has set up Myriad Corp., a multimedia company that aims to explore vast undertakings in creating worldclass content. “I am a new player in the market, but I am secure because I’m in close partnerships with GMA Pictures and Cornerstone Studios, entities with both experiences and resources to steer this project to success.” He added that the complex relationship between the character he plays in the movie with that of his leading lady was the key factor that made him agree to invest his time, talent and money to the project. “I play a free-spirited man who falls in love with a career-orientated woman played by Julia Montes. Julia’s name was already on the table right from the start, and I felt good that I am being paired with someone new, and someone as equally committed to the project as everyone else.” He continued, “When our director Irene Villamor handed me the finished script, she told me that she had no other actors in mind except Julia and I, and she was very determined to see her visualization become a reality. I trust our director and her team, and I knew all will turn out well. So I switched on the green light.”

Richards shared that his character also gave him challenges. “My character drove me out of my comfort zone. He is multi-layered and his unpredictable thoughts, the way his mind works, and his actions and views about life and relationships are so out of the ordinary and that’s why when I finally grasped his truth, I clung onto it until our last shoot day.” The dashing debonaire has only good words for his leading lady. “Julia is very charming, sweet and grounded. We have a lot of things in common, perhaps that’s why working on the movie set was a breeze. She is also very introspective, which I like. She would come to the set prepared, and she shared

her artistic space with me so I could get in easily and we could portray our respective characters with truth and sincerity. Julia is very giving, both as an actor as a a person.” After Five Breakups and a Romance, Richards will start to focus on the post-production and promotions of his movie with Sharon Cuneta, Family of Two, an entry to the yearend local film festival. “Our festival also excites me no end.” We are excited that Alden Richards is taking bold steps in his colorful life and he continues to do well in his career, with two movies in a row before the year is over. n

Spain’s royals honor Asturias prize winners, including Meryl Streep and Haruki Murakami OVIEDO, Spain—American actor Meryl Streep on Friday received Spain’s prestigious Princess of Asturias Arts Award at a ceremony presided over by the Spanish royal family in the northern city of Oviedo. During her acceptance speech, Streep spoke about the empathy actors must feel for their characters and which people in cinemas and theaters feel for people on screen or stage that look— or sound—different to themselves, as something that could be useful in everyday life too. “Empathy may be a radical form of outreach and diplomacy useful in other

theaters of endeavor” she said. “In our world, in our increasingly hostile, volatile world, I hope we might take to heart another rule every actor is taught, that is: it is all about listening.” The prize was one of eight awarded this year in areas covering the arts, literature, science and international cooperation among others. The annual awards are among the most important in the Spanishspeaking world. Others honored at the ceremony were bestselling Japanese author Haruki Murakami, who won the literature prize, and US biologists Jeffrey Gordon, Peter

Greenberg and Bonnie Bassler, who received the scientific and technical research prize. Gordon was unable to attend. Two of the 2023 winners, French historian Hélène Carrère d’Encausse, who won the social sciences award, and Italian author and philosopher Nuccio Ordine, who won the communication and humanities prize, died earlier this year and were represented by relatives. Scottish charity group Mary’s Meals, which won the concord award for its work feeding schoolchildren facing extreme poverty across the globe, and The Drugs for Neglected Diseases initiative (DNDi)

which was honored with the international cooperation distinction, were also represented. Sports award winner, Kenyan marathon legend Eliud Kipchoge, said in a speech that running for him was much more than a physical exercise. “We must make our world a running world, because a running world is a happy world. And a happy world is a peaceful world,” he said. The prizes, for which the winners receive €50,000 ($53,000) and a sculpture by Spanish Catalan artist Joan Miró, were formally presented by Crown Princess Leonor after whom the prize foundation is named. AP

Swift bests Scorsese at box office, but ‘Killers of the Flower Moon’ opens strongly

By Jake Coyle The Associated Press NEW YORK—In a movie match-up almost as unlikely as Barbie and Oppenheimer, Martin Scorsese took on Taylor Swift in cinemas over the weekend. And while the box office belonged for a second time to Taylor Swift: The Eras Tour, Scorsese’s Killers of the Flower Moon got off to a strong start in Apple Studios’ first major theatrical gambit.

After a record-breaking opening weekend of $92.8 million, Taylor Swift: The Eras Tour took in an estimated $31 million over the weekend from 3,855 locations, according to AMC Theaters. In an unconventional deal, the theater chain is distributing Swift’s concert film, and playing it only Thursdays through Sundays. Most Swifties rushed to see the film on opening weekend, when a large percent of sales were driven by advance ticketing. Sales dropped a steep 67 percent in its second weekend, potentially signifying that The Eras Tour was predominantly an opening-weekend phenomenon. But The Eras Tour has still proved to be a movie event unlike any other. Within days, it became the highest grossing concert film ever in North America, not accounting for inflation. It’s quickly accumulated $129.8 million domestically. More was riding on Killers of the Flower Moon, a historical crime drama about a string of murders against the Osage nation in the early 1920s. The film, which cost at least $200 million to make, is the largest production yet from Apple Studios. The streamer partnered with Paramount Pictures to release Scorsese’s adaptation of David Grann’s bestseller in

3,628 theaters, with plans to later stream it on a notyet-announced date on Apple TV+. Killers of the Flower Moon debuted with $23 million, marking the third best opening for the 80-year-old Scorsese, following Shutter Island ($41 million in 2010) and The Departed ($26.9 million in 2006). Though Scorsese’s latest opus, starring Leonardo DiCaprio, Lily Gladstone and Robert De Niro, will have a hard road to reaching profitability, it’s a successful launch for a 206-minute-long adult-skewing drama—a type of movie that, outside Oppenheimer, has struggled mightily at the box office in recent years. And Killers of the Flower Moon, with rave reviews, an “A-” CinemaScore from audiences and the backing of a robust Oscar campaign, should continue to play well over the long haul. It added $21 million overseas. Killer of the Flower Moon also marks the best widerelease debut for a film from a streaming company. While Netflix (which backed Scorsese’s last narrative feature, The Irishman, in 2019) has charted a mostly limited approach to theatrical release, Apple and Amazon, which last year closed its purchase of MGM, have pursued more expansive theatrical strategies. Earlier this year, Apple said it plans to spend $1

billion a year making movies that will have theatrical releases before reaching its streaming service. Apple is also behind Ridley Scott’s upcoming Napoleon, with Joaquin Phoenix, which Sony Pictures will distribute November 22; and has partnered with Universal for Matthew Vaughn’s Argylle, due out February 2. Paramount had initially signed on to produce and distribute Killers of the Flower Moon, but transitioned into the deal with Apple when costs of project—shot during the pandemic—rose. Killers of the Flower Moon also reeled in more young moviegoers than one might have expected. Paramount said 44 percent of ticket buyers were under the age of 30. The Exorcist: Believer, the horror sequel directed by David Gordon Green, came in a distant third with $5.6 million in its third weekend of release. The Universal, Blumhouse film has grossed $54.2 million domestically. PAW Patrol: The Mighty Movie came in at No. 4 with $4.5 million in its fourth weekend. The fifth spot went to the rerelease of Tim Burton’s The Nightmare Before Christmas, which collected $4.1 million 30 years after it first landed in theaters.

Tuesday, October 24, 2023

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TERESITA LUISA SILVA IS 2023 STCA WINNER

In the photo are, from left, St. Teresa of Calcultta Award Chairman Louie Navarro, JCI Manila President Eric Ke, STCA 2023 Awardee Teresita Silva, and AY Foundation Chairperson Helen Dee.

OR her lifetime dedication to social work and her profound and lasting impact on society, Teresita Luis Silva was honored as the 2023 St. Therese Calcutta Award on October 3, 2023, during a prestigious ceremony hosted by JCI Manila and AY Foundation at the Yuchengco Museum, located in RCBC Plaza in Makati City. The St. Therese Calcutta Award (STCA), jointly presented by JCI Manila and AY Foundation, is a highly regarded accolade

bestowed upon individuals who have demonstrated exceptional humanitarianism and an unwavering commitment to improving the lives of the underprivileged. Silva’s work exemplifies the spirit of Mother Teresa and her lifelong dedication to serving those in need. Silva’s incredible journey in the field of social work spans an impressive 60 years. During this time, she has made remarkable contributions, including aiding over 210

college graduates from the most impoverished backgrounds in their pursuit of higher education, offering them hope and a brighter future. Additionally, she has played a pivotal role in providing health and medical services to more than 3,000 street children, ensuring they receive the care necessary to lead healthy and fulfilling lives. Silva’s remarkable contributions to society have been recognized on numerous occasions. In 2019, she was honored as one of the three pioneers in advocating for children’s rights in the Philippines, a testament to her tireless commitment to securing a brighter future for the nation’s youth. Her outstanding leadership also earned recognition from the City Government of Manila, where she was celebrated as an exceptional women leader. Moreover, Sonoptimist International of Sampaloc, Manila, Philippines, lauded her for her outstanding service in achieving universal primary education, highlighting her enduring impact on the community and the nation as a whole. For more information about the Saint Teresa of Calcutta Awards 2023 and the nomination process, please visit the official website at https://ayfoundation. com.ph/ or they can visit Facebook page facebook.com/STCAward.

Eastwood City, DOST-PCIEERD drive towards sustainability with launch of new CharM Electric Vehicle Charging Stations

THE DOST-PCIEERD formally turned over two groundbreaking CharM EV charging stations that will reduce EV charging time to 30 minutes to Megaworld Lifestyle Malls’ Park Charge Drive project at Eastwood City. The ribbon cutting ceremony was attended by Megaworld AVP for Corporate Operations Group-MOSD, Michael Lao; General Manager of Uptown Bonifacio Camille Elvina; Executive Director of DOST PCIEERD Dr. Enrico Paringit; AVP and Cluster General Manager of Eastwood City and McKinley Hill Tyrone Tan; and AVP and General Manager for Eastwood City Denisse Malong.

ASTWOOD City hosted the formal turnover of two state-of-the-art Charging in Minutes (CharM) electric vehicle charging stations from the Department of Science and TechnologyPhilippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD). As part of Megaworld Lifestyle Malls’

eco-friendly initiative to reduce the carbon footprint within its properties, the renowned mall developer partnered with the DOST-PCIEERD to boost its electric vehicle charging stations project for maximum efficiency and sustainability. The CharM electric vehicle charging station offers lightning-fast 30 -minute charging capabilities and a robust

0 -150V DC power supply at its core, providing a swift and efficient solution for EV ow ners. The smart station is equipped with intelligent linking technolog y and automatic locking mechanisms, ensuring a secure and hasslefree charging process. The user-friendly interface simplifies the entire ex perience, making it accessible and convenient with its tap-to-pay functionality, POS readiness, and reconfigurability for various pay ment methods. Beyond the basics, these stations also boast advanced features like batter y management and monitoring, lithiumion conversion kits, and a seamless cashless payment integration, setting a new standard for electric vehicle charging infrastructure. “ T h e c o l l a b o r a t i o n w it h D O S TPCIEERD exemplifies the power of partnerships in advancing sustainability initiatives. By joining forces with visionary organizations, Megaworld Lifestyle Malls can harness the collective expertise and resources required to drive meaningful sustainable change,” said Eastwood City General Manager, Denisse Malong.

Newport City gathers hundreds of participants for first-ever ‘Run Fur Fun’ marathon event

AST October 15, 2023 witnessed an overwhelming display of pet love and responsible ownership at the highly anticipated “Run Fur Fun” event at Newport City. Hundreds of participants came and transformed the premier Megaworld Property into a hub of joy, wagging tails, and responsible pet guardianship. The “Run Fur Fun” initiative welcomed

pet owners and their four-legged pals in 1KM and 3KM race categories. The event aimed to foster a sense of community within the pet-loving populace, highlighting the unique bond shared between pets and their owners, in a fun and engaging manner. “We are thrilled with the overwhelming response to the ‘Run Fur Fun’ event.

It’s a delight to see so many pet enthusiasts coming together to celebrate the joy that pets bring to our lives and to emphasize the importance of being responsible pet owners. New port City, along with all Megaworld townships, are advocates of responsible pet ownership in the country, therefore it is our honor and pleasure that we get to gather pets and pet communities in our properties,” shared Roshele Moreno, Newport City General Manager. Megaworld Lifestyle Malls is the retail and commercial development arm of Megaworld Corporation, one of the Philippines’ largest real estate companies, and the pet-friendliest leading lifestyle mall developer. The Retail Asia Awards 2023 Marketing Initiative of the Year awardee’s mission is to make happiness and meaningful connections a lifestyle for its communities as the country’s premier developer of lifestyle destinations with exceptional designs, offerings and experiences.

MALABON AWARDED CERTIFICATION OF COMMENDATION BY ARTA. MALABON City Mayor Jeannie Sandoval (3rd from right) receives the Certificate of Recognition from Atty. Ernesto V. Perez, Director General Anti-Red Tape Authority (3rd from left), by following the guidelines of the law set by the Anti-Red Tape Authority, making Malabon the 9th local government unit in the National Capital Region to implement it, The city received the certificate of recognition last October 18, 2023 during the celebration of Malabon Business Week. This is the first time that Malabon has received this award. With the help of e-BOSS (electronic Business One Stop Shop), the process for businessmen to obtain government services is now easier and faster. It is a fully automated permit application that speeds up transactions and completes the process within the stipulated time, combining all fees into one tax order of payment, online payment, and printing of the official business permit, all this for the convenience of taxpayers.

MERALCO COMMUNICATIONS EXECUTIVE TO SPEAK AT THE 3RD GENERAL MEMBERSHIP MEETING OF PUBLIC RELATIONS SOCIETY OF THE PHILIPPINES (PRSP). Bringing in his almost four decades of professional experience, Meralco Vice President and Head of Corporate Communications and Public Relations Society of the Philippines (PRSP) Trustee, Joe R. Zaldarriaga is set to take stakeholder management discussions to the next level as a guest speaker in the upcoming General Membership Meeting (GMM) of the country’s premier organization for public relations professionals scheduled for today, October 24, 2023. Zaldarriaga will be sharing his insights on how to effectively connect and resonate with stakeholders to help the new generation of communications professionals in boosting their stakeholder management capabilities to drive effective crisis communications, strategic communications, and media relations initiatives.

FOLLOWING the results of the GEARS diagnostic tool, PBCWE conducted an action planning session with Sanofi employees to integrate an action plan with its current DE&I strategic framework

Sanofi Philippines Sets New Standard in Gender Pay Equity

ANOFI Philippines, an innovative global healthcare company and the first company in its industry to become a member of the Philippine Business Coalition for Women Empowerment (PBCWE), has received outstanding recognition for its commitment to gender pay equity. In the recent Gender Equality Assessment, Results and Strategies (GEARS) diagnostic tool conducted by PBCWE, Sanofi Philippines achieved a perfect score of 100 percent or Leading Practice level. This achievement spotlights Sanofi as the first company in the Philippines to openly declare its commitment to gender pay equity. Expressing her enthusiasm about the results, Janet Yap, Country Lead and General Manager, General Medicines Foundation, stated, “At Sanofi, we want to reflect the diversity of our communities, unleashing our best selves every day to transform the practice of medicine. We are proud to have achieved outstanding scores in the GEARS diagnostic tool, which mirrors our commitment to providing equal opportunities and an inclusive environment for our employees.” As part of its proactive initiatives, Sanofi Philippines conducts annual pay gap analysis while effectively communicating its compensation practices. The company places a strong emphasis on promoting diversity in recruitment and advancement by implementing policies, tools, and using inclusive language. Additionally, it ensures equal opportunities by mandating genderbalanced candidate pools and delivering comprehensive gender equality training to all individuals. The GEARS diagnostic tool evaluated Sanofi Philippines across 12 Focus Areas, and the company excelled in various key aspects. Notably, in the recruitment, selection, and promotion category, Sanofi achieved an impressive score of 92 percent, highlighting

its dedication to equitable career advancement for all employees. Furthermore, it attained a commendable score of 75 percent in workplace gender equality training, underscoring its proactive approach in providing comprehensive gender equality training programs. PBCWE Governing Council Chairperson Ma. Aurora “Boots” Geotina-Garcia commended Sanofi’s achievements, saying, “Sanofi Philippines has demonstrated exceptional dedication to gender equality in the workplace. Their remarkable scores in GEARS signify their commitment to creating a diverse and inclusive work environment. We applaud Sanofi for their efforts and look forward to their continued contributions in advancing gender equality in the business sector.” Launched in 2020, GEARS is a diagnostic tool developed by Investing in Women, an initiative of the Australian Government, based on the experience of Australia’s Workplace Gender Equality Agency (WGEA). It provides valuable insights on workplace gender equality (WGE) strategies, helping companies identify gaps, opportunities, and strengths using 12 Focus Areas such as strategic alignment, leadership, pay equity, flexible work arrangements, and more. GEARS empowers companies to refine action plans and enhance practices in workplace gender equality (WGE). It is an essential tool for companies seeking to evaluate and improve their WGE strategies. In addition to scoring high in the GEARS diagnostic tool, Sanofi Philippines has been recognized as a Top Employer in 2023 for the third consecutive year by the Top Employers Institute (TEI), a global authority on recognizing companies for their excellence in people practices. The recognition by TEI further exemplifies Sanofi’s commitment to fostering diversity, equity, and inclusion in the workplace.

World Features

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

BusinessMirror

Tuesday, October 24, 2023

Money managers with $100 trillion confront coming end of bull market

By Silla Brush & Loukia Gyftopoulou

. Rowe Price Group Inc. is reeling from a $127 billion exodus over just two years. At Franklin Resources Inc., the latest member of a billionaire family to run the firm is trying to reverse a nearly uninterrupted 20-quarter losing streak. Across the Atlantic, the chief of Abrdn Plc has reached a blunt conclusion: merely managing mutual funds isn’t enough of a business any more. Across the $100 trillion assetmanagement industr y, money ma nagers have conf ronted a tectonic shift in investor appetite for cheaper, passive strategies over the past decade. Now they’re facing something even more dire: The unprecedented run of bull markets that buoyed their investments and masked life-threatening vulnerabilities may be a thing of the past. About 90 percent of additional revenue taken in by money managers since 2006 is simply from rising markets, and not from any ability to attract new client money, according to Boston Consulting Group. Many senior executives and consultants now warn that it won’t take much to turn the industry’s slow decline into a cliff-edge moment: One more bear market, and many of these firms will find themselves beyond repair. “It’s a final act in that many firms that have coasted for decades will no longer be able to coast,” said Ben Phillips, head of the asset-management global advisory business at Broadridge Financial Solutions Inc. “These firms have to change, and they have to pull it off.” More than $600 billion of client cash has headed for the exits since 2018 from investment funds at T. Rowe, Franklin, Abrdn, Janus Henderson Group Plc and Invesco Ltd. That’s more than all the money overseen by Abrdn, one of the UK’s largest standalone asset managers. Take these five firms as a proxy for the vast middle of the industry, which, after hemorrhaging client

cash for the past decade, is trying to justify itself in a world that’s no longer buying what it’s selling.

Investors ditch mutual funds

THE reasons for the companies’ struggles aren’t a secret: Investors are ditching mutual funds for much cheaper passive strategies, largely managed by giants BlackRock Inc., Vanguard Group Inc. and State Street Corp., causing a dramatic, industrywide fee compression that’s put a strain on the revenue and margins of smaller players. And with geopolitical tensions and higher interest rates becoming the status quo, even the $9.1 trillion behemoth BlackRock is feeling some of the pain. In the three months through September, clients pulled a net $13 billion from its long-term investment funds, the first such outflows since the onset of the pandemic in 2020. “Structural and secular changes in business models, technology and, most of all, monetary and fiscal policy have made the last two years extremely challeng ing for trad itiona l asset management,” BlackRock Chief Executive Officer Larry Fink told analysts this month. Bloomberg News a na ly zed more than five years of money f lows, fees, investment performance, revenue and profit margins at the five firms, as well as trends across the industr y, to show how the active managers are at greater risk than ever before. The five publicly traded firms—which oversaw

STEPHEN BIRD in London, in 2022. HOLLIE ADAMS/BLOOMBERG

more than $5 trillion as of June 30 for ever yone from workers with 401(k) plans to the biggest pension funds in the world, and have all been household names in global asset management for decades—were chosen as a representation for asset management’s middle tier, which is now facing immense pressure, with their struggles shared by most other players in the sector. The shares of all five firms hint at the state of play. Except for T. Rowe Price, all of the companies have lost at least a third of their value since the beginning of 2018, compared with an increase of about 60 percent for the S&P 500. Except for Abrdn, which reports results every six months, the firms are set to report quarterly earnings over the next two weeks, starting Tuesday with Invesco.

Irreversible downward trajectory

DESPITE their hope that clients will return to stock and bond pickers when the going gets tough—and pay for it—the downward trajectory seems irreversible. Passive products have been gaining so much traction, regardless of whether markets go up or down, that by midyear they accounted for half of all assets in US mutual funds and ETFs, up from 47 percent in 2022 and 44 percent in 2021, according to data compiled by Bloomberg from asset managers. A decade ago, it was just 27 percent. As if fighting the index machines wasn’t enough, there’s now a new enemy to contend with: cash, which is where investors want to keep their money while interest rates remain high. The previous generation of CEOs made myriad attempts to turn things around: They slashed fees (resulting only in lower revenue), they merged with rivals (creating more problems than they solved), they jumped on various bandwagons, such as ESG, hoping to give themselves an edge (and ended up looking more like their competitors than different from them). Nothing worked. Now it falls to a new crop of bosses across active management—including Rob Sharps at T. Rowe, Andrew Schlossberg at Invesco, Ali Dibadj at Janus, Stephen Bird at Abrdn and Jenny Johnson at Franklin—to turn things around. The new chief executive officers, a mix of company

veterans and outsiders hired to shake things up, are reckoning with sprawling legacy businesses that seem to contract by the month and the increasingly urgent need to expand beyond their core focus of old-fashioned, actively managed mutual funds. “Over the last 10 years, more than 100 percent of revenue increase was market-performance driven—just markets going up,” said Stefan Hoops, CEO of DWS, the $900 billion asset-management arm of Deutsche Bank AG, who took over last year and has been throwing cash into ETFs and alternatives to deal with the pressure. “Now imagine you have markets going sideways, but the same quantum of margin compression, then all of a sudden you’re potentially faced with a decade of shrinking revenues.” Franklin has had only two quarters of net long-term inflows since 2018, even in buoyant markets and after acquisitions. Janus Henderson had its first quarter of inflows earlier this year after 21 consecutive quarters of outflows, only to start bleeding again. Abrdn hasn’t seen a year of net inflows since it was created via a merger in 2017. Tens of billions of dollars have left T. Rowe’s funds since mid-2021, and its management-fee revenue dropped by more than 15 percent. And Invesco has seen almost no revenue growth in three years. BlackRock, meanwhile, which dominates the asset-management industry globally, has nearly twice the assets of all five firms combined, and its net flows to longterm investment funds totaled $1.7 trillion from the beginning of 2018 through midyear. “The middle players can’t grow organically out of this scenario,” said Evan Skalski, an associate director at Alpha FMC, which consults the top 20 global asset managers. “They can try to manage the costs and keep the current business running, but they’re going to have to be OK with a lowgrowth or no-growth story.” Here’s one example of how hard it is to keep money in the house: Ja nu s Henderson’s R esea rc h Fund. It was set up in 1993 with the goal of investing in the best ideas produced from across the London-based company, which has US roots in the 1990s tech-stock boom. With $17 billion in assets, it’s the firm’s third-largest US

fund. But it underperformed the Russell 1000 Growth index each calendar year for eight years, according to Morningstar Inc. and the company’s website. In an e-mailed statement, a Janus Henderson spokesperson acknowledged the challenges and said that executives changed the fund’s portfolio early last year with the goal of improving performance. It has outperformed the benchmark in the 12 months through October 16, the spokesperson said. Speaking to Bloomberg News from a Janus Henderson client conference in Madrid in late September, CEO Dibadj conceded that many of the industr y’s problems stem from its inwardlooking nature. “Historically, this industr y would create new products in a vacuum without thinking of the actual need of the client,” he said. Dibadj said he’s been in frustrating meetings where customers weren’t even aware of what the firm has available. “That’s surprising and bothersome to me.” The situation is similar at the other firms. Franklin’s 75-year-old Income Fund, for example, has about $69 billion in total assets but has had net outflows of about $19 billion in five years, according to Morningstar. Its Western Asset Core Plus Bond Fund, with about $21 billion in total assets, has had redemptions of more than $10 billion just since the start of 2022. T. Rowe’s $27 billion Mid-Cap Growth Fund and $50 billion Blue Chip Growth Fund have had billions of dollars in outflows and asset declines since the beginning of 2022. Invesco and Franklin declined to comment for this story or make their CEOs available for interviews. T. Rowe acknowledged the challenges in a statement, said it expects flows to equity and bond strategies to increase in the future and is working to offer a broader range of products. T. Rowe’s CEO declined to be interviewed for this story. Abrdn’s Bird has largely abandoned competing in large-cap equity funds, choosing instead to emphasize small-cap and emerging-market strategies. He’s cut the business into three parts: a mutual fund business, a wealth unit that also serves retail investors and a platform for financial advisers— a strategy that has yet to prove it’s working.

“If you don’t change the model of your business, the fee compression and overcapacity in asset management is going to take you out,” Bird, a former Citigroup Inc. executive who took the helm at Abrdn two years ago, said in an interview. Exchange-traded funds have changed the business, he said. “There’s no debate: the machine won. You need businesses that are not just in pure active asset management.” For many other firms, private markets—and, specifically, the private-credit craze—are now the latest perceived savior. Almost everyone, from small to giant stock-and-bond houses, is piling into the asset class, often for the first time. In the past year and a half, a surge in M&A in the space has been driven by such houses, including Franklin, that are eager to offer clients the increasingly popular strategies, which typically charge higher fees. Others have been poaching teams or announcing plans to enter the space. “I think that’s a big driver for many of these firms—they look at their own financials and think about what’s going to keep us afloat over the next few years,” Amanda Nelson, principal at Casey Quirk asset-management consultancy at Deloitte, said in an interview. To many consultants and industry executives, this latest attempt to stay in the game—and save ever-squeezed margins—may juice revenues in the short term but won’t be the Hail Mary they’re looking for. For example, T. Rowe Price’s purchase of Oak Hill Advisors for up to $4.2 billion—announced with much fanfare in 2021—cost a lot, but has done little to change the firm’s fortunes so far. “It ’s been 18 mont hs—we closed right at the end of 2021. Overall, I think it has gone very well,” Sharps said in an interview this summer. “But in being balanced and transparent, I would say the capital-raising environment is more challenging, and their results are consistent with that.” The firm launched a private credit fund this month with $1.5 billion, partly seeded with money from T. Rowe, which manages $1.4 trillion in total assets. Franklin’s Johnson has also paid billions to go on a deal spree in the past three years, picking up firms including Lexington Partners, for $1.75 billion. Franklin now says it manages $257 billion in alternative assets, roughly 18 percent of the firm’s overall business. The acquisitions have increased assets under management and, as a result, revenue, but haven’t fully reversed years of overall net outflows and tightening of adjusted operating margins by almost 14 percentage points between 2018 and the end of last year. All the changes being made across the dozens of firms in the middle tier of the industry— acquisitions, breaking into asset classes, cutting fees—may do little but delay the inevitable. “It’s a slow but surely declining trajectory,” said Markus Habbel, head of Bain & Co.’s global wealth- and asset-management practice. “There is a scenario for many of these players to survive for a few years while their assets and revenues decline until they die. This is the trend in the majority of the industry.” With assistance from Yue Qiu, Christopher Cannon and Mathieu Benhamou/Bloomberg

By Josef Ramos

T’S dream come true in Austria for Chezka Centeno, who finally nailed the biggest one—the World Pool-Billiards Association (WPA) World 10Ball Women’s Championship. “I can hardly believe it—I am your new Women’s World 10-Ball Champion!” said the 24-year-old Centeno on her Facebook page moments after winning her dream trophy via a 9-5 victory over China’s Yu Han in the final on Sunday night at the Sportpark in Klagenfurt, a city in southern Austria near the Slovenian border. “This journey started when I was a 5-year-old with a dream, and today, I’m living it,” added Centeno, who now joins the ranks of Filipino world pool champions—the great Efren “Bata” Reyes, Francisco “Django” Bustamante, Ronnie Alcano, Dennis Orcollo, Alex Pagulayan (now Canadian), Carlo Pagulagan, Johann Chua and James Aranas. And, of course, her buddy, two-time world champion Rubilen Amit, who was with her all the way in Austria. It’s all 14 years of hard work and resiliency for the proud daughter of Zamboanga City. “This is my first ever world championship since I started campaigning in 2009 and I can’t explain how happy I am,” she told BusinessMirror via overseas call on Monday morning. Centeno only had Amit as company and, more importantly, confidante, in all her matches. “I’m really thankful for her [Amit] being with me, helping me during the games,” Centeno said. Amit exited in the quarterfinals. She parried the gratitude back to the new world champion. “She already knew the ins and outs of the sport and I just stood by her side, watched her play, and so happy to watch her greatness,” said Amit, 42, and winner of the same tournament in 2009 and 2013. Centeno rallied from a 4-8 deficit to upset England’s Allison Fisher, 9-8, in the race-to-9 semifinals Saturday. Before that, she beat German Melanie Sussenguth, 9-0, in the round of 16 on Thursday and dethroned Chou Chieh-Yu of Chinese-Taipeu, 9-2, in the quarterfinals Friday. “Out of 48 players I was able to make it,” said Centeno, who competed in her fourth world championships, failing to get past the quarterfinals last year also in Austria. “That was tough.” Centeno pocketed the champion’s prize of $50,000 (P2.8 million), the biggest in her career.

Cruz bags U19 girls table tennis crown in Puerto Princesa

HEITH RHYNNE CRUZ earned another achievement to her budding career by ruling the U19 girls singles of the World Table Tennis (WTT) Youth Contender Puerto Princesa 2023. Cruz defeated top seed and world youth No. 15 Sally Moyland of United States, 11-9, 8-11, 7-11, 11-6, 11-8, on Sunday to capture the crown after winning two gold medals in the Southeast Asia Youth championships in Brunei last June. Cruz swept her three matches in Group 2 of the preliminaries and clinched a seat in the title match after defeating Zachi Mhiel Chua, also of the Philippines, 11-5, 11-4, 11-5, in the tournament that drew 11 countries and supported by the Philippine Sports Commission (PSC), Philippine Olympic Committee, Hua Ching Foundation, Topcoms, Globe and the local government of Puerto Princesa. Cruz also competed in the U17 girls singles but settled for the silver after being defeated by Moyland, 8-11, 5-11, 11-8, 11-9, 11-4, in the competition that was also attended by PSC chairman Richard Bachmann, commissioner Walter Torres and PSC coordinator for Mindanao Noli Ayo. Other Philippine team members who captured medals were Ray Joshua Lawrence Manlapaz (silver, U19 and U17 boys), Adelle Leopoldo (silver, U11 girls), Chrishien Santillan (bronze, U19 girls), Zachi Mhiel Chua (bronze, U19 girls), Emmanuel Yamson (bronze, U19 boys), and Matthan Jamin (bronze, U11 boys). “Your presence in our city has enriched our lives, and we hope that you leave with fun memories of our warm hospitality and fond memories of our city,” said Puerto Princesa City Mayor Lucilo Bayron, who gave P20,000 and P10,000 to Filipino gold and silver medalists respectively. “The friendships formed and the cultural exchanges that I am sure have taken place will leave a lasting impact extending far beyond the championship.” KHEITH RHYNNE CRUZ (second from right) poses with her trophy with (from left) table tennis president Ting Ledesma, runner-up Sally Moyland and Puerto Princesa City Mayor Lucilo Bayron.

Chezka Centeno: Sweet dreams are made of this…

Sports BusinessMirror

B8 | T

uesday, October 24, 2023 mirror_sports@yahoo.com.ph Editor: Jun Lomibao

FROM Zamboanga City rises a new world pool champion—Chezka Centeno.

PHL chess bets off to strong start in Asian Para Games in Hangzhou

HE national chess team opened its campaign in the 4th Hangzhou Asian Para Games on a promising note Monday as the men’s and women’s PI (physically impaired) athletes won all their three matches in the first round of the standard events. Competing at the Hangzhou Qi-Yuan Chess Hall in China, FIDE Master Sander Severino led the way in beating Mongolia’s Sundui Sonom while Henry Roger Lopez and Jasper Rom beat Thailand’s Padu Srikpadee and Yoo Khoonme, respectively. Cheyzer Cristal Mendoza bannered the women’s squad in outplaying Indonesia’s Yuni, Cheryl Angot beat Kyrgyzstan’s Dariaa Kuraidanarova and Jean Lee-Nacita topped China’s Zhang Yue on the distaff side. The players in the men’s B1 and B2 and women’s B1 posted 2-1 winloss records in their opening round matches in the stint supported by the Philippine Sports Commission. Tokyo Paralympic veteran Gary Bejino advanced to the finals of the men’s 100-meter S6 Monday after

winding up fourth overall among the eight qualifiers in one minute and 12.61 seconds at the Hangzhou Olympic Center Aquatic Arena. A double gold medalist in the last Cambodia ASEAN Para Games, Bejino finished a close second in the first heat behind China’s Tang Qian (1:12.6) and was No. 4 behind Tang and two other hometown bets, Luo Jinbiao (1:09.80) and Jia Hongguang (1:12.11), who were 1-2, respectively. The Filipino tanker, who lost a right arm and left leg after being electrocuted at the age of seven, will be racing in Lane 4 in the finals of the event scheduled at 7:20 p.m. preceding the men’s 200-meter individual medley S7 finals featuring compatriot and defending champion Ernie Gawilan. Also competing after Gawilan’s race is Edwin Villanueva, who went straight to the 200-meter individual SM8 finals. In athletics, Jesebel Tordecilla seemed awestruck in her Asian Para Games debut and lacked the proper warmup, winding up 10th and last in the women’s javelin throw F56 finals

with a heave of 12.88 meters on her fifth attempt at the HSC Stadium. “I haven’t warmed up yet and when I came out from the dugout, my throwing chair was already there, no chance for my adrenaline to heat up,” said Tordecilla, a Cambodia ASEAN Para Games silver medalist. Bowing out early in his event was swimmer Muhaimin Ulag, who finished in the second heat of the men’s 100-meter breaststroke SB9 event in 1;24.25. Meanwhile, The Asian Paralympic Committee (AsPC) announced that it has commissioned a new anthem which will now be used at future Asian Para Games and Asian Youth Para Games. The anthem was composed by Indonesia’s Natalia Sutrisno Tjahja, who first worked with the AsPC at the Indonesia 2018 Asian Para Games. It will be used when the Asian Paralympic flag is raised and lowered during the opening and closing ceremonies at the regional Games.

Alcala polishes swimming skills for Ironman 70.3

OHN ALCALA is determined to transition from a bewildered winner to a top contender as he focuses on strengthening his weakest area in defense of the crown in the Ironman 70.3 Puerto Princesa on November 12. “I never skip a workout and I do a little extra especially in the swim part, my weakest,” said Alcala during a break in training for the blue-ribbon event in the country’s tropical paradise. The Dipolog City ace, who relied on his excellent running skills to emerge the surprise winner of the 1.9-km swim, 90-km bike and 21km run event in Palawan last year, has gone the extra mile in his swim

training to improve this aspect of his performance against a strong international field of competitors. “I am training hard for this. All eyes on me since I am the defending champion. But I will try my best to defend my title and I will give them a good fight,” said Alcala, who also topped the IM 70.3 Subic Bay last June to showcase his consistent performance in the ever-growing trisport. Registration is ongoing. For details, visit ironman.com/im703puerto-princesa-register, according to the organizing The Ironman Group/Sunrise Events Inc. Meanwhile, the event, backed

by Global premier partners Vinfast, Active, Gatorade, HOKA, ROKA and Breitling 1884 and Global technical partners Athletic Brewing Co., Fulgaz, Hyperice, Qatar Airways, Red Bull, Santini and Wahoo, will serve as host to the Asia TriClub and Relay Championship with Puerto Princesa putting up a P500,000 prize for the winning club. Headlining the early roster in the Asia TriClub and Relay Championship are Gas Coaching, Fit PH, Baguio Benguet Triathlon, Las Vegas Tri Club, Heroes Hotel Adventure, ArmyNavy SouthTri, Loolaba Tri Club, Les Sables Vendee, La Rochelle Tri and KOA Sports.

Lim sustains title run in Gov. Bautista net open

LBERTO “AJ” LIM JR. put up another stellar play leading to a third straight men’s singles open crown as he held off top seed Jose Maria Pague, 6-3, 6-4, in the final of the Governor Franklin Bautista National Tennis Championships

at the Malita Tennis Court in Davao Occidental over the weekend. But the 24-year-old former University of the East standout failed to complete a sweep as he and Lance Fernandez bowed to the top-ranked pair of Josshua Kinaadman and Eric Olivarez, 4-6, 3-6, in the men’s doubles of the Group A tournament sponsored by Governor Bautista and held in conjunction with the Araw ng Davao Occidental celebrations. On his way to the championship, Lim rammed past

Jardin runs away with 2 gold medals as ROTC Games nationals unfurl

ENT FR ANCIS JARDIN drew the spotlight on opening day of the Reserved Officers Training Corps Games National Championships after copping two gold medals in athletics at the PhilSports Complex in Pasig City on Monday. Jardin, a 19-year-old student from Adamson University who represents Philippine Navy, torched the field by winning the tournament’s first gold medal—the men’s 200 meters—before anchoring his crew half an hour later to rule the men’s 4x100. The University Athletic Association of the Philippines standout clocked 22.07 seconds for the individual gold before he and Denmark Dalunes, Ralph Anthony Lego and Alexander Padilla timed 43.29sec for the relay victory. “I’m so happy that I won my events,” said Jardin, who also excels in triple jump. John Andre Ponce of UCV claimed the silver in 22.78 while Peter Molina of WVSU-Main Campus pocketed the bronze in 23.02. Also sharing the limelight were University of the Philippines’ Josie Inemedo, who ruled the women’s 200m in 26.64sec and the UNORecoletos team of Marla Jean Bacaro, Ciara Largavista, Jeazel Talaver and Angelica Bacaro in the women’s 4x100m relay (55.50sec). In boxing, Army fighters flexed their might after winning their opening assignments inside the Rizal Memorial Sports Complex. Joelen Efondo beat Air Force’s Jomar Olisa via a second-round technical knockout in the 48-51 kgs (flyweight) class as Alfred Deslate won by points over Air Force’s Love Heart Marino in the 51-54 kgs (bantamweight) division. Mark Paul Hernandez also shone with a 4-1 triumph over Navy’s John Laurence Noquiera in the 51-54 kgs class, Florence Sumpay also prevailed over Navy’s Glen Mark Villagracia, 4-1, in the 57 kgs (featherweight) division and Rodrigo Lumogda dominated Air Force’s Nelvin Francis Arce, 5-0, also in the 57 kgs category. Air Force’s Eric Baron also joined early winners after thumping teammate Ranie Camangian, 5-0, in the 57 kgs division.

WHEELCHAIR-BOUND Jesebel Tordecilla throws the javelin during the opening-day action at Monday. PSC MEDIA POOL

TNT coach JoLas cooks up Plan B in title defense

OACH cum team manager Jojo Lastimosa is bracing for a defense of their Commissioner’s Cup crown sans two key players— Mikey Williams and Roger Pogoy. Pogoy isn’t healthy enough to start the season while m=ystery shrouds Williams’s status for the Philippine Basketball Association’s 48th season that opens on November 5. “I don’t know [about] Mikey Williams because it’s Sir Ricky [Vargas] and Chot [Reyes] who are talking with him,” said Lastimosa, who tapped rookie free

juniors campaigner Randy Pausanos, 6-0, 6-0; Fernandez, 6-1, 6-2; Eric Tangub, 6-2, 6-2; before repulsing No. 2 Kinaadman, 6-3, 7-5, in the semisfinal. Pague, on the other hand, outlasted Olivarez in the semis, 6-4, 2-6, 6-3, but came up short in the finals, yielding to Lim’s aggressive play. Lim thus nailed his third straight championship after a two-year hiatus due to illness. He returned to competitive play in the Brookside Open last April and topped the Olivarez Cup last August. He also reigned in the Alturas Bohol Cup last month. His latest feat netted him P100,000, doubling his winnings at Olivarez while gaining ranking points in his continuing effort to reach the top of the ladder. ALBERTO “AJ” LIM JR. (right) holds his trophies as he poses with (from left) Jed Olivarez, Josshua Kinaadman, Governor Franklin Bautista and Lance Fernandez.

KENT FRANCIS JARDIN’S salute may not look snappy in this one, but he sure was on the track. agent Kim Aurin to help fill the void left by the two scorers. “We’re just relying on what we have right now and we signed up guard Kim Aurin,” Lastimosa said. “We gave him a chance to play 5x5.” “But we’re not expecting to be the same scoring team without our two stars,” he added. Williams, who averaged 18.4 points, 4.1 assists and 3.9 rebounds last season, has yet to show up in practice and missed the team’s stint in the East Asia Super League in Japan. He’s still in the United States. Pogoy, on the other hand, averaged 18.3 points and four rebounds last season. The Tropang Giga are bringing in Best Import Rondae Hollis-Jefferson, who was Jordan’s naturalized player in the Asian Games and FIBA World Cup. “We just have to rely on our defense since we don’t have our two best arsenals,” Lastimosa said. “We have to strengthen or solidify our defense to match up with the other solid teams. That is going to be our biggest weapon this conference.” Lastimosa, meanwhile, tapped his former Alaska import teammate and many-time Best Import Sean Chambers as a consultant for skills during their training camp in Laguna. Aurin played 3x3 for Barangay Ginebra San Miguel and was picked 34th overall by the Gin Kings in this season’s Rookie Draft. He was impressive in Ginebra’s three pre-season games averaging 12.0 points, 3.0 rebounds and 2.7 assists but was unsigned. Josef Ramos