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Military under pressure to end war before martial law expires as terrorists infiltrate other areas
‘Unquantifiable’ cost of
Marawi siege
Smoke rises from houses following airstrikes by Philippine Air Force bombers as government forces battle to retake control of Marawi City from Muslim militants onMay 27, 2017. AP/Bullit Marquez
W
By Rene Acosta
ith the surging cost of the war and the security threat posed by the reported continuing buildup and massing of other Islamic State (IS)-inspired terrorist groups in other parts of Mindanao, the military is hardpressed to end the Marawi City siege the soonest possible.
Displaced residents of Marawi City prepare to receive food packs and sleeping mats from the International Committee of the Red Cross at an evacuation center in Saguiaran near the besieged city of Marawi, Lanao del Sur, on May 28, 2017. AP/Bullit Marquez
Armed Forces Chief of Staff Gen. Eduardo Año has already assured that the terrorists’ juggernaut into the city will be over before he retires on October 26, a compelling reason for the soldiers to go for a “quick fix” even before the deadline. The siege, staged by the Maute-IS group while top defense and military officials were in Russia officially “cavorting” with their Moscow counterparts, flared up under Año’s term, making it his greatest challenge to end and cap his career respectably. In ending the Maute-IS siege even before the deadline, the battle-weary military could stop the
depletion of its modest funds and give it the opportunity to refocus its attention on dealing with the challenges posed by the other ISinspired groups. It would also negate the possible tilting, or the further building up, of support by other Moro groups and even by the war-affected civilians, who have been yearning desperately to return even to their ruined homes. Likewise, it should lend the soldiers an added time to deal with all of the other existing security threat groups in the region before the expiration of the extended martial rule, whose ultimate goal, Continued on A2
EU businessmen push FTA to remove nagging trade barriers
W
By Roderick L. Abad | Contributor
hile European companies remain bullish on their prospects in Southeast Asia, they continue to be concerned about the trade barriers that somehow limit their investments in the region, the EU-Asean Business Council (EU-ABC) said. “Overall, the sentiment of European businesses across the region is very positive,” EU-ABC Chairman Donald P. Kanak said, pertaining to the results of the 2017 EU-Asean Business Senti-
ment Survey involving top executives of European firms around Southeast Asia. Kanak’s view was supported by EU-ABC Executive Director Chris Humphrey, saying: “Satisfac-
PESO exchange rates n US 51.0230
tion with the region [or] optimism about the region had increased since last year.”
High optimism level
Of the 333 respondents, 71 percent said that the region has become more important in terms of their global revenues, as compared to 53 percent recorded last year. Bright prospects go on, as 75 percent of them expect an increase in profits from Southeast Asia for this year. Companies based in Myanmar (84 percent), as well as Vietnam and Brunei (both 83 percent), showed high optimism levels, followed by the Philippines (78 percent), Lao PDR (78 percent), Cambodia (76 percent), Indonesia (74 percent), Singapore (70 percent), Malaysia (65 percent) and Thailand
(62 percent). Nevertheless, challenges for businesses remain, hindering Asean from reaching its full economic potential, as 61 percent of the respondents agreed that nontariff barriers are hampering supply-chain efficiency. More than half, or 56 percent, of the participants indicated that they used regional supply chains last year compared to only 41 percent in 2015. Despite the marginal hike in the utilization of product or service-movement systems, 55 percent of respondents said there were too many such barriers—up from the responses in both 2016 and 2015. Sixty-one percent reported that they would make greater use
of regional supply chains if these barriers were removed, again an increase from previous years.
Strengthening ties
Aware of these issues, more than four-fifths of the businesses surveyed want to see strengthened ties between the European Union (EU) and the Asean. In fact, 88 percent believe in the pursuit of a free-trade agreement (FTA) between the two regions—a significant increase from the 66 percent surveyed in 2016. A region-to-region FTA between the EU and Asean would bridge together the world’s largest and fifth largest economies, covering bilateral trade in goods alone valued at over €209 billion annually. “Respondents strongly sup-
port a deep and comprehensive region-to-region EU-Asean FTA to enable greater European investment in the region and continued collaboration on reducing trade barriers and trade frictions,” noted the EU-ABC chairman. With this in mind, he said, the EU-ABC calls for the acceleration in negotiations on a region-to-region trade deal, following the announcement earlier this year that both sides had agreed to work toward a framework agreement. It is clear from this year’s survey—the third installment—that nearly nine of 10 respondents agreed that a region-to-region FTA would deliver more advantages than a series of bilateral deals, with 76 percent (up from 66 percent Continued on A2
n japan 0.4705 n UK 66.8554 n HK 6.5294 n CHINA 7.8678 n singapore 38.0797 n australia 41.0531 n EU 61.3552 n SAUDI arabia 13.6058
Source: BSP (8 September 2017 )