THE MANILA TIMES | JULY 01, 2019

Nomura projects ‘marginal’ GDP growth for April-June ÂťStory on B1 ++

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MONDAY, JULY 1, 2019

Trusted since 1898

Q Our huge EEZ (in red). Everyone except us banned there? (Source: marineregions.org)

Lacson to drop ‘bomb’ vs Duque

Impossible for Carpio and del Rosario not to know that they are deceiving the country

S

HE claim t h a t President Duterte should be impeached for not restricting our exclusive economic zone (EEZ) from foreigners is so absurd that it is astonishing that media has given it mileage at all, with even otherwise sober commentators believing that rubbish.

RIG RRIGOBERTO IGG DD. TIGLAO

Asked if he had another exposĂŠ against Duque, Lacson said, “Meron na naman, mas malaki pa (Yes, there is, and it’s even bigger).â€?

What I think can be done

BY FATIMA CIELO B. CANCEL FILIPINOS ranked third on the list of sexiest nationalities, an online poll from travel site Big 7 Travels found. “We surveyed a sample of our 1.5 million social audience to get an insight into where you’ll find the world’s most beautiful people,� the travel site said.

FR. RANHILIO CALLANGAN AQUINO

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“Mas grabe pa ‘di lang ito lease ng building niya kundi may family corporation involved na meron

³’Bomb’A2

Filipinos 3rd sexiest nationality – survey

ÂłTiglaoA4

O complicated mathematical tool is needed to understand why, to the Chinese, the waters west of our archipelago should remain hospitable to them — or at least, free of any serious resistance.

BY BERNADETTE E. TAMAYO

%. 0ANkLO ,ACSON ON 3UNDAY CLAIMED TO HAVE DISCOVERED ANOTHER ANOMALY IN THE 0HILIPPINE (EALTH )NSURANCE #ORP 0HIL(EALTH THAT MIGHT INVOLVE (EALTH 3ECRETARY &RANCISCO $UQUE RD WHICH HE BELIEVES WOULD LEAD TO THE kLING OF A PLUNDER CASE AGAINST THE LATTER

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The result of the survey was released on Friday, June 28.

The Ukrainians’ “striking appearance� and the “many models� they produced landed them on top of the list.

The Danes claimed the second spot.

Other nationalities in the top 10 are Brazilians (4th), Australians (5th), South Africans (6th), Italians (7th), Armenians (8th), English (9th) and Canadians (10th). ÂłSexiestA2

INTO THE NORTH

US President Donald Trump steps into the northern side of the Military Demarcation Line that divides North and South Korea, as North Korea’s leader Kim Jong Un gestures. AFP PHOTO

What’s inside ANOTHER WOMAN SPEAKER SOON – GMA

NewsA2

US-SINO TRUCE 2.0: NEW TALKS, NEW UNCERTAINTY

Dan SteinbockA4

Trump steps into North Korea, makes history PANMUNJOM, South Korea: Donald Trump stepped onto North Korean soil in a hisTORIC kRST 3UNDAY AS HE MET 0YONGYANG S leader Kim Jong Un in a moment of high diplomatic drama on the world’s last Cold War frontier.

Moments after becoming the only sitting

ÂłStepsA8

IS ANDREA TORRES ‘THE BETTER WOMAN’ FOR DEREK RAMSAY?

EntertainmentD1

HAPPY IS SEXY

Some Filipinos have barged into the international scene as beauty queens or boxing champs. However, they are appreciated for their happy disposition and hospitality.

PHOTO BY GERARD SEGUIA

Palace should rethink pivot to China – analyst PACQUIAO COMPLETES TWO WEEKS IN LA TRAINING CAMP

SportsC1

REACH US AT: E-mail: newsdesk@ manilatimes.net Tel. Nos.: 524-5664 to 67 Address: 2/F Sitio Grande, 409 A. Soriano Avenue, Intramuros, Manila 1002

WITH President Rodrigo Duterte’s soft stance on the issue of the Philippines’ sovereign rights over its exclusive economic zone (EEZ) surfacing again in the recent Recto (Reed) Bank incident, a political analyst said it is about time for Malacaùang

to rethink its “pivot to China� policy.

Assistant Professor Dennis Coronacion, the chairman of the Department of Political Science of the University of Santo Tomas, told The Manila Times THAT WHILE THE 0HILIPPINES kLING OF

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Business Times

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MONDAY JULY 1, 2019

What’s inside PH NET EXTERNAL LIABILITY DOWN IN 1ST QUARTER – BSP BusinessB2

»

STANDARDIZED AIRPORT DEVT PROPOSALS PUSHED

»BusinessB2

DM WENCESLAO SHARES DOWN 19% IN FIRST YEAR

»StockWatchB3

JOLLIBEE EYES MORE EXPANSION IN VIETNAM

»Corporate NewsB4

Nomura projects ‘marginal’ GDP growth for April-June

BY MAYVELIN U. CARABALLO

P

HILIPPINE economic growth likely grew to 5.8 percent in the second quarter on the back of moderated public spending and investments, according to Japan’s Nomura Securities Ltd.

g4HE GOVERNMENT S MONTHLY kSCAL domestic product) growth forecast of surpluses in April and May support 5.8 percent, which is only a marginal our Q2 (second quarter) GDP (gross improvement from the growth of 5.6

PERCENT IN 1 kRST QUARTER u .OMURA economist Euben Paracuelles said in a report released over the weekend.

“Our Q2 forecast takes into account government spending and total investment growth that are still moderating, but by less than in the Q1,” he added.

The fourth-and-a-half month delay in the passage of the 2019 national budget resulted from a dispute between the Senate and the House of Representa-

tives over alleged insertions. This forced the government to operate on last year’s budget, limiting it to spend for items detailed in the 2018 outlay and not on programs and projects supposed to be implemented this year.

The government blamed the delayed budget on the P809-million budget DEkCIT FOR THE kRST kVE MONTHS OF THE year, which is 99.4 percent lower than

³Growth B2

GOCC June inflation seen easing below 3% The future of aging SUBSIDIES DELOITTE W ON THE DOT UP 36% WILFREDO BALTAZAR IN MAY GOVERNMENT subsidies received by state-owned companies grew to P5.239 billion in May, latest data from the Bureau of the Treasury showed.

Twenty-three governmentowned and -controlled corporations (GOCCs) secured that amount, a 36.7-percent increase from P3.832 billion a year earlier.

The National Irrigation Administration (NIA), which is responsible for irrigation development and management in the

³Subidies B2

INFLATION likely eased to below 3 percent in June after registering a slight uptick in May, according to analysts polled by The Manila Times.

Forecasts on the rate of the increase in the prices of goods and services for the month ranged from 2.6 to 3.0 percent with a 2.9-percent average, lower

than the 3.2 percent posted in May and 5.2 percent 12 months ago.

The Bangko Sentral ng Pilipinas (BSP) earlier projected inflation to hit between 2.2 and 3.0 percent.

The Philippine Statistics Authority will release official June inflation data on July 5.

Analysts from Moody’s Analytics and AAA Equities both offered the highest forecast of 3.0 percent.

“Inflation in the Philippines has always been cost-push driven, meaning price increases are mainly due to the increase in [the] price of production and

³Inflation B2

Research: PH GDP for 2019 still at 6% PRIVATE consumption would help the Philippines post an economic growth rate of 6.0 percent for this year, according to ANZ Research.

In a report over the weekend, ANZ Research said it continued “to expect GDP (gross domestic product) growth at 6.0 percent in 2019.

Although private consumption is LIKELY TO REMAIN kRM PUBLIC EXPEN-

diture and investment are not likely to recover until Q3 (third quarter).”

4HE CURRENT kGURE WAS A REDUCTION from the 6.1 percent ANZ Research initially projected for the country, and is also lower than the 6.2 percent posted in 2018. It, however, falls at the lower end of the government’s downwardly revised 6- to 7-percent target for this year.

The country’s GDP slowed to a four-year low of 5.6 percent IN THE kRST QUARTER BECAUSE THE fourth-and-a-half month delay in the approval of this year’s budget — caused by a dispute between the Senate and the House of Representatives over alleged insertions that President Rodrigo Duterte

³GDP B4

hile watching the news last week, I saw a feature on a Japanese scientist who developed a robotic exoskeleton designed to be worn by, and to respond to the brain waves of, humans. The invention is meant to help people with mobility issues, such as an amputee or a stroke survivor. It can also be used by the elderly who, for no reason other than age, have a more difficult time accomplishing routine tasks.

Wearing the exoskeleton gives elderly people the strength and flexibility they need to stay self-sufficient, allowing them to live independently longer.

This is definitely not how our grandparents faced grow-

ing older. As with most things in life right now, even aging is being disrupted.

Speaking with people from aging services, policy, innovation, and technology, Deloitte’s Center for Health Solutions took a look at how aging is being reshaped by advances in technology and changes in attitude. The emerging picture is so different — and dare I say, so much more hopeful — than the way aging used to look,

³Deloitte B3

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