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Briefly Rise in power rates THE PHILIPPINE Rural Electric Cooperatives Association, Inc. (Philreca) said that electricity rates rose in June due to supply issues and not the failure of electric cooperatives (ECs) to procure power through competitive bidding. “The sudden spike in electricity prices last month is not because there is a failure for ECs to conduct CSPs (competitive selection processes). This is more of a supply concern… We only conduct CSPs and enter to power supply agreements depending on our long-term projected needs — and not more than that,” Philreca told BusinessWorld in an e-mail last week. “We cannot just purchase or enter into contracts that will result to more than what we need so as to avoid purchasing from the market because this would result in higher prices for electricity,” it added.
Shift to RE DEPARTMENT of Energy (DOE) Secretary Alfonso Cusi said the agency has been pursuing policies for the country to transition to renewable energy as a source of power during the Duterte administration During the pre-SONA (State of the Nation Address) forum on Climate Change Adaptation Mitigation and Disaster Risk Reduction Cluster Thursday, Cusi said the country adheres to its commitment to the Paris Agreement on climate change by reducing carbon emission through pursuing renewable energy projects. The DOE awarded 407 contracts related to renewable energy projects from 2016 to 2020.
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HE DEPARTMENT o f Tr a d e a n d Industry (DTI) said Monday that it launched a youth entrepreneurship training program in the Bangsamoro Autonomous Region in Muslim Mindanao.
Trade Secretary Ramon M. Lopez at the virtual launch said the program will offer training for business pitching, self-employment, and trade fair participation. “The program will encourage and embolden the participation of MSME (micro-, small-, and medium-sized enterprise) enablers in supporting youth entrepreneurship development and promotion in the region,” he said. The national Youth Entrepreneurship Program (YEP) targets entrepreneurs aged 18 to 30 from youth organizations and indigenous groups. The program EXIT PASS. A police officer checks on the barangay exit pass of a jeepney passenger in Cagayan de is also for people with disabilities, Oro City on Wednesday as authorities tighten quarantine measures in the face of the threat posed by students, and young people that are the Delta variant of COVID-19. mindanews photo by froilan gallardo PROGRAM/PAGE 7
Davao City LGU won’t ban travelers from Northern Mindanao DAVAO City– The City Government of Davao will not ban travelers coming from Northern Mindanao even after six cases of the highly transmissible Delta variant or B.1.617.2 were detected there, Mayor Sara Duterte said Monday. Instead of a travel ban, Duterte said over Davao City Disaster Radio (DCDR 87.5) that the local government would continue to enforce the existing protocols, including the “symptoms screening” at the border checkpoint. She said the city government would continue to implement the Regional Inter-Agency Task Force for the Management of Emerging Infectious Disease and the Regional Task Force Against COVID-19 (RIATF-RTF) on
the “Uniform Guidelines to Regulate Entry and Exit in Regional Borders of Region 11” issued last May 3. “We’re discussing travel from CDO (Cagayan de Oro) because, as I said, we don’t know who is asymptomatic because the COVID-19 virus is invisible to the naked eye and we also can’t determine what kind of variant (there could be),” she said. T h e D e p a r t m e nt of Health (DOH) confirmed the presence of five cases in Cagayan de Oro and one in Gingoog City, Misamis Oriental of locally transmitted Delta variant, considered a variant of concern and first detected in India. She said no additional instructions were provided TRAVELERS/PAGE 7
Floating houses in Agusan Marsh.
mindanews file photo
Residents build flood-resilient floating gardens in Agusan Marsh By CHRIS PANGANIBAN, MindaNews
TALACOGON, Agusan del Sur – It used to be just floating houses in Agusan Marsh. Now, residents of this wetland have built flood-resilient floating gardens to make themselves productive even in these times of the COVID-19
pandemic. Ma. Angelita Salome D. Acopiado, chief of Provincial Environment and Natural Resources Of f ice-L o cal Government Unit (PENROLGU), said the floating gardens were patterned after
those in the flood-prone water bodies in Odisha, India. Two such gardens planted with vegetables were initially built last month on the 10-hectare Lake Kaebatasan in Barangay Sabang Gibong. The barangay asked for support for the floating FLOATING/PAGE 7
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Local
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BARMM boosts response to people via governance summit
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OTABATO City – Local government units (LGUs) in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) gathered here Friday to deliberate on the plans laid out by each LGU for its inclusion in the region’s priority Projects Program Activities (PPAs) for the fiscal year 2022. “I am optimistic that we can bridge our programs, projects, and activities that are genuinely responsive to the needs of our people,” BARMM Chief Minister Ahod “Murad” Ebrahim said in his speech for the first-ever Bangsamoro Governance Summit at the BARMM center.
In pursuit of upholding moral governance, he said the transition period provides the Bangsamoro the opportunity to build the foundations that would address development challenges. “I am proud to say that we have done significant strides in laying the groundwork needed for the attraction and infusion of capital – such as stable environment, infrastructure, and favorable regulatory schemes – but we still need to do a lot more and we need more time,” Ebrahim said. “It is with this that a strong partnership between the regional government and the LGUs
is of high importance,” he added. The governance summit was preceded by pre-summit forums in the BARMM province components of Maguindanao, Lanao del Sur, Sulu, Basilan, and Tawi-Tawi. Supporting the initiative were Chief Presidential Legal Counsel Secretary Salvador Panelo who represented Senator Christopher “Bong” Go in the event, and also Senator Juan Miguel Zubiri who joined via the zoom conferencing platform. Go, in his message read by Panelo, said the LGUs play a vital role in such endeavor by ensuring that “our government is
BALINGASAG, MISAMIS ORIENTAL National Highway Balingasag, Barangay 4, Balingasag, Misamis Oriental Mobile Number/s: 0933-823-3161, 0933-823-3304 Tel. Number: 333-5161 CAGAYAN DE ORO P&J Lim Building, Tiano Kalambagohan St., Barangay 14, Cagayan de Oro City, Misamis Oriental Tel No. (08822) 727-829 / 231-6629 Telefax No. (088) 856-1947 Mobile No. 0933-823-3303 / 0943-708-7065 CAGAYAN DE ORO WAREHOUSE Warehouse 7, Bonbon Road, Kauswagan, Cagayan de Oro City, Misamis Oriental Mobile No. 0917-825-4149 / 0943-708-7065 CARMEN, CAGAYAN DE ORO Vamenta Blvd., fronting CEPALCO, Carmen, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 233-2011 Mobile No. 0933-823-3159 CORRALES, CDO Corrales Ave., Barangay 29, Cagayan de Oro City, Misamis Oriental Telefax No. (088) 231-2055
seen, heard, and felt by the people.” “Your success in this undertaking will definitely complement the national agenda to further empower our LGUs to become stronger, more capable,
and more resilient,” Go said. Go reiterated his unwavering support to the BARMM, saying he, together with President Rodrigo Duterte, will continue to extend its full
support to the region, as it undertakes endeavors for its constituents. Zubiri commended the interim government of BARMM for holding the summit despite the RESPONSE/PAGE 6
PH approves Bt eggplant’s use for food, feeds DAVAO City – The Department of Agriculture (DA) on Friday approved the use of the Bt eggplant for direct use as food, feed, or for processing (FFP). In a statement, the International Service for the Acquisition of Agribiotech Applications (ISAAA) said the DA's Bureau of Plant Industry (BPI) has issued Biosafety
DIVISORIA, CDO A. Velez St., Barangay 9, Cagayan de Oro City, Misamis Oriental Telefax No. (088) 856-1947 Mobile No. 0917-841-4000 / 0933-823-3164 GINGOOG CITY G/F Wyne Militante Bldg., Lugod St., Barangay 22, Gingoog City, Misamis Oriental Telefax No. (088) 861-0104 Mobile No. 0933-823-3168 LAPASAN, CDO National Highway (FICCO Bldg.), Lapasan, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 231-6739 Mobile No. 0933-823-3160 PUERTO, CDO Purok 6, Puerto, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 859-0574 Mobile No. 0943-708-7537 CAMIGUIN B. Aranas St., Poblacion, Mambajao, Camiguin Telefax No. (088) 387-0491 Mobile No. 0943-708-7539
Permit No. 21-078FFP for the use of the Bt eggplant after a rigorous biosafety assessment in compliance with a joint department circular issued by the DA, Department of Environment and Natural Resources, Department of Health and the Department of the Interior and Local Government in 2016. The circular sets rules and regulations for the research and development, handling and use, transboundary movement, release into the environment, and management of plant and plant products derived from the use of modern biotechnology. The BPI found the Bt eggplant, locally called Bt talong, to be as safe as a conventional eggplant and can substitute for its traditional counterpart. The Philippines is the second country, after Bangladesh, to certify the safety of the Bt eggplant.
Bangladesh was the first country to plant Bt eggplant in 2014. From 2014 to 2019, a total of 91,270 smallholder farmers in Bangladesh have planted Bt eggplant. The Bt eggplant contains natural protein from the soil bacterium Bacillus thuringiensis which makes it resistant to eggplant fruit and shoot borer (EFSB), the most destructive pest of eggplant. The Bt protein affects EFSB worms only and is safe for humans, farm animals, and non-target insects. "Bt eggplant is safe as it only targets EFSB. It is safe for humans, animals, and non-target insects," said Dr. Lourdes D. Taylo, study leader of the Bt eggplant project from the University of the Philippines Los Baños (UPLB). She added that the FFP approval of Bt eggplant is the latest milestone in the biosafety regulatory process in the Philippines. To complete the biosafety regulatory process, Taylo added that Bt eggplant will need commercial propagation approval for environmental safety assessment before it can be made available to the public. “Ex-ante impact assessments of Bt eggplant adoption revealed that the commercialization of Bt eggplant will increase marketable yield by 192 percent and reduce pesticide application per hectare by 48 percent. When it is approved for commercial release, both the seeds of Bt eggplant open-pollinated and hybrid varieties will be made available to Filipino farmers,” she said. The propagation and field testing of the Bt talong resumed in 2016, after the Supreme Court reversed its earlier decision in 2015 stopping the measure. A petition filed by environmental group Greenpeace and farmers' group Masipag opposed the measure, citing biosafety concerns. (PNA)
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Filinvest REIT’s IPO offer begins FILINVEST REIT, Corp. (FILREIT) started the offer period for its P12.6-billion initial public offering (IPO) on Friday, after receiving a permit to sell from the Securities and Exchange Commission. FILREIT is the real estate investment trust (REIT) unit sponsored by Filinvest Land, Inc. (FLI). It was formerly Cyberzone Properties, Inc. The offer period runs until Aug. 3. It is scheduled to make its debut at the Philippine Stock Exchange on Aug. 12, under the ticker symbol FILRT. FILREIT is selling 1.63 billion shares owned by the Gotianunled property company for P7.00 each, with an overallotment option of nearly 163.42 million. “At the current price, the projected dividend yield as stated in the REIT Plan is 6.3% for FY2021 and 6.6% for FY20221,” the company said in a statement on Friday. The company’s initial REIT portfolio FILINVEST/PAGE 6
CorporateWorld
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DOF to withdraw regulation imposing 12% VAT on exporter inputs
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HE Department of Finance (DOF) and Bureau of Internal Revenue (BIR) have agreed to suspend the implementation of Revenue Regulation (RR) 9-2021, which imposed 12-percent value-added tax (VAT) on certain exporter transactions that were previously taxed at 0 percent, a House leader announced. The suspension of the BIR regulation comes after a briefing facilitated by the House Ways and Means Committee on Wednesday with concerned government agencies and stakeholders. Albay Representative Joey Salceda, committee chair, expressed gratitude to Finance Secretary Carlos Dominguez III for this decision as it will help the country's export industry "get the breather it needs" to recover. “The DOF and the BIR held talks with me over the weekend. We were supposed to have a hearing on Monday, but we deferred the briefing to Wednesday out of deference to the Secretary, whose decision was to suspend the regulation first pending corrective legislation,” Salceda said. RR No. 9-2021 was issued pursuant to the provisions of Republic Act (RA) No. 10963 or the Tax Reform and Acceleration and Inclusion Act (TRAIN),
which provide that certain transactions previously considered zero-rated shall be subject to 12 percent VAT. This upon satisfaction of two conditions: the successful establishment and implementation of an enhanced VAT refund system, and that all pending VAT refund claims as of Dec. 31, 2017 shall be fully paid in cash by Dec. 31, 2019. With the decision to suspend, the following transactions will revert to their zero-rated status: Sale of raw materials or packaging materials to a nonresident buyer for delivery to a local export-oriented enterprise; Sale of raw materials or packaging materials to exportoriented enterprise whose export sales exceed 70 percent of total annual production; Those considered export sales under Executive Order (EO) No. 226, or the Omnibus Investment Code of 1987, and other special laws (Section 106 (A) (2) (a) (5) of the Tax Code, as amended); Processing, manufacturing, or repacking goods for other persons doing business outside the Philippines which goods are subsequently exported; and Services performed by subcontractors and/or contractors in processing, converting, or manufacturing goods for an
enterprise whose export sales exceed 70 percent of total annual production. Salceda said the DOF will implement the provision of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law, which allows exporters to enjoy VAT zero rating on local purchases of goods and services directly and exclusively used in its registered project or activity. “CREATE hopes to ease the operations of exporters, enhance the country’s competitiveness, and encourage sourcing of materials from local suppliers. That’s the spirit of the legislation. That’s why it insists on the zero-rating for local inputs, on top of enhanced deductions for them," he said. Salceda also said he will continue to work with BIR and DOF to write “corrective legislation” to address small exporter concerns on the refund system and on audits. “The DOF says one issue with the audit system, that forces them to audit everyone who seeks a refund, is that the Commission on Audit is also very strict with the refund system. So, my proposal is to relax the rules a bit for small de minimis claims, since it’s really not worth the time of tax administration,” he added.
Salceda said the practice of risk-based auditing is already the norm in most advanced tax jurisdictions. "You go to Japan or Singapore to purchase some goods as a tourist, and at the airport, you can get your VAT refund over the counter. Ideally, that’s a system you want here as well,” Salceda said. “The DOF seems intent on modernizing our tax administration and closing down loopholes." He said Congress is ready to work with the Executive to draft the necessary legislation to improve the system. (PNA)
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Opinion
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Who's your hero? Think a minute… One of the most famous Italians in the 20th century was Benito Mussolini, known to his people as Il Duce, which simply means The Leader. His charisma was almost like a movie star rather than a government leader, even though his charm was bathed in blood and violence. The popularity of Muss olini was t r u ly phenomenal. He transformed Italy into a spectacular show of national pride, parades, military power, and music. Mussolini regularly stood on his balcony with thousands of people below cheering and worshipping him at the height of his power. Parents would hold their children up to see their mighty leader. To young men he seemed to be the perfect example of a real man, fearless and tough; and to young women he represented both seduction and security in one. Italians, and even citizens of other countries, asked for the autograph of Mussolini the superstar. One of these fans sent Mussolini a photo hoping he would sign it, but he rejected his admirer’s
THINK A MINUTE
JHAN TIAFAU HURST request. However, Mussolini would likely have signed it had he known who this fan would become. For this young man who worshipped Mussolini as his hero did follow in his steps, until one day these two terrible dictators stood side by side: Benito Mussolini and Adolf Hitler, two of the most evil leaders in all of history. We become, now and forever, like the people we admire and want to be like. The great British author C.S. Lewis wrote: “It’s a serious thing to live in a world of possible gods and goddesses... All day long, in one way or another, we are helping each other become a person of HERO/PAGE 6
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Why should executives blog?
In this digital era, anyone and everyone can create and post content online – including CEOs and top executives. A popular means for sharing your thoughts online is through blogging. For companies, blogs are now an important channel for content. It is a means for executives to reach out to clients, employees, and other stakeholders in a more personal way. How is the company coping with the pandemic? What’s in store for clients? What is it doing to save our planet? How is it taking care of employees? Where is the company headed amid rapid technological and economic change? Somehow we wish we could get answers from the company’s leaders themselves. BPI is trying to do just that. Recently, it launched a blog on its website where their own experts and executives share their ideas and insights on what matters to the bank and its stakeholders. It’s not often that you see “blogger executives” in the banking industry. But here they are in the BPI Insights blog.
The bank recently welcomed its new president and CEO, TG Limcaoco. What kind of leader is he? Where is he taking BPI now? In his inaugural blog post, TG talks about his priorities, especially his passion for the customer and how digitalization will play a key role in improving customer service. “Banking is about helping our clients better understand their financial situation so they can take steps to secure their families’ future,” the CEO wrote. You may be wondering about COVID-19 initiatives. Banking is an essential business and we can’t simply shut it down without grave consequences. You can read on BPI’s #VacctoNormal campaign as BPI Chief HR Officer Gina Eala gives her updates on how the bank is keeping its employees and clients safe. “At this point, getting vaccinated is the most important thing for our employees,” she said. “We also continue to encourage them to get vaccinated and to not be afraid so no one gets left behind in creating safe workplaces and homes.” The
bank has started vaccinating its employees in June and is currently on the road to making banking safer for everyone. BPI Chief Sustainability O f f i c e r Mar i a T he re s a “Tere” Marcial also shares her thoughts about saving the environment. It’s not all about trees, she said. It’s also about our seas, which covers around 70% of the earth. She expounds her arguments in her blog post “Going green is also about going blue”. Ms. Marcial is passionate about sustainable finance, too. She believes sustainable finance can aid the nation’s post-pandemic economic recovery. “The local banking industr y is in a unique position to play a vital role in the post-pandemic e c on om i c re c ov e r y by providing access to financing to the hardest-hit sectors, and also in transitioning to financing practices that encourage businesses to take sustainability into account,” she wrote. Digital natives, along with digital immigrants, will appreciate BPI Corporate Banking Head Juan Carlos L. Syquia’s blog post on the
SPEAKING OUT
IGNACIO BUNYE country’s digitalization in this pandemic economy. He calls for the participation of everyone in embracing digital transformation for breakthroughs in the nation’s journey in going digital. And he advocates for more collaboration between banks and borrowers. “Borrowers and banks are partners in many ways; both succeed together. This pandemic can be a catalyst for strengthening relationships as we ride out the same storm together and look forward to a better normal,” he said. There is something for savers and investors, too. BPI Family Savings Bank President Ginbee Go talks about being a “saver-forBLOG/PAGE 6
Healthier, Wealthier, Wiser? The title takes its name from the proverb, "Early to bed and early to rise, makes a man healthy, wealthy, and wise." This quote is often attributed to Benjamin Franklin since it appeared in his Poor Richard's Almanack; however, it was first used in print by John Clarke in a 1639 book of English and Latin proverbs. It's not only my idea and headline too. Healthier, Wealthier, Wiser? was a coproduction of the Canadian As s o c i at i o n f o r Ad u l t Education, the Canadian Institute on Public Affairs and the CBC. Denny Spence produced the series with assistance from Christina McDougall and researcher Joan Hollobon. W hy d o I a s k t h i s question? It is known that greater health throughout life, greater wealth, greater
social status, and greater intelligence are all associated with greater life expectancy. Untangling the nature of these linked correlations is ever a challenge, however, since they all associate with one another as well. There are any number of plausible explanations as to why the wealthy or the more intelligent live longer, and some interesting speculation besides, such as the association of intelligence with physical robustness, but rarely is there any way to prove these explanations true in the data obtained from population studies. Correlations are what is obtained, and it is then usually a matter of retreating to animal studies where it is possible to structure the work to prove causation - but of course this is somewhere between hard and impossible to achieve for intelligence
and social status. At my age of almost 68, I might be allowed to share some things, such as how I struggled successfully through my past life. Most important: Focus on positive goals in your life. Many times, I forgot about this topic. But sooner or later, I learned to manage my environment. Yes, I connected with other happy people. Open your eyes, they are here. See the ones that you love more often. Maybe it's your family. It is mine. I have been sure about it for a long time. An expat living in the Philippines. Learn to say no to things that you do not want to do. Well, since the pandemic started March 2020, I kept on thinking about it, And, yes well, it became a good decision. Learn to say NO.
HAVE MY SAY
KLAUS DORING Healthier, Wealthier, Wiser? Maybe you and I are on the same road. Good luck. Keep on running. See you! +++ Email doringklaus@ g mail.com or follow me on Facebook, LinkedIn or Tw it te r or b e my g u est on www.germanexpatinthephilippines . blo g spot. com or my favorite www. klausdoringclassicalmusic. blogspot.com.
Generous sowing and prodigious fruitfulness “The seed sown on rich soil is the one who hears the word and understands it, who indeed bears fruit and yields a hundred or sixty or thirtyfold.” (Mt 13,23) With these words of Christ, many things can come to mind. First, like Christ we should be generous in sowing the word of God that in the end is really what matters most in our life, for it brings us to our definitive eternal life. We s h ou l d b e w ar y when we depend mainly on our sciences, arts and technologies which, while useful, can only do so much for us. And they can only truly and not deceptively useful when they are animated and guided by God’s word.
We have to be generous in sowing God’s word nowadays because the world is in dire need of it. Our increasingly p owe r f u l s c i e n c e s an d technologies can and should never replace God’s word. We have to be most careful of them because even if they give us a lot of advantages, they can also occasion in us a lot of strong temptations that would lead us to selfindulgence. Another idea, of course, would be that we should try our best to be that rich soil on which the seed of God’s word would fall, so that that word becomes truly fruitful. We are meant to be fruitful and productive. We truly need to study God’s word thoroughly,
understanding it not simply as mere words but as the very person of Christ who is the very Word of God that is given to us. Studying God’s words is actually a matter of having an existential and intimate relation with Christ who is always alive and solicitous of our needs. And from there, let us make that word bear fruit in us and in others. Yes, everyday, we should be keenly aware that we need to be fruitful and productive. That’s simply because even from the beginning of our creation in Adam and Eve, this has always been God’s will for us. “Be fruitful, and multiply, and replenish the earth, and subdue it,” (Gen 1,28) God
HINTS AND TRACES
ROY CIMAGALA told our first parents, clearly outlining his mandate to them. It’s a mandate that continues to be repeated up to now. Christ himself said as much. In his parable of the three servants (cfr Mr 25,14-30), a master clearly told each one to trade with the amount given to them SOWING/PAGE 6
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5
Banking&Finance
Banks still open to loan restructuring amid pandemic
B
ANKS continue to understand the plight of their borrowers amid the pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin
Diokno said, citing resolutions on complaints filed with the central bank. In a virtual briefing on Friday, Diokno said while requests for debt collection
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and restructuring of credit card loans accounted for only 3 percent of the nearly 12,000 consumer complaints in the first half of the year, almost onethird, or 31 percent, “were resolved in favor of the consumer.” He said 32 percent of the total “are still for evaluation and
coordination with the clients while 21 percent are still awaiting action or reply from the concerned financial institutions.” Complaints that were not resolved in favor of the consumers were about 13 percent, he added. Diokno said these numbers show that banks and the borrowers “do
their direct coordination, (and) find common ground in negotiating their obligations.” He said banks are “largely open for consideration.” “Even with the current difficulties experienced by their clients, concessions given by banks to their clients include waiver
or reduction on fees, interest, and penalties; implementing a more favorable payment scheme; providing options, especially for payments made through post-dated checks and auto-debit or auto-deduct arrangements; and granting extensions or adjustments of loan maturity,” he added. (PNA)
BSP's accommodative stance to boost PH recovery BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno has highlighted the need to keep the central bank’s accommodative stance to boost economic recovery, after citing the improvement in domestic activities as the government eases movement restrictions. In a virtual briefing for the 2021 second quarter inflation report, Diokno said average inflation in April to June, although still above the government’s 2 percent to 4 percent target band, decelerated to 4.3 percent from the previous three months’ 4.5 percent. He attributed this to the impact
of non-monetary interventions to address domestic supply constraints on pork, among others, which was hit by the African swine fever. Diokno said this development is expected to result in a within-target average inflation rate this year, which monetary authorities forecast to be around 4 percent. He said the smaller growth contraction in the first quarter of this year, at -4.2 percent from quarterago’s -8.3 percent, may be traced to the “government’s calibrated approach in mitigating the transmission of the virus.” “Higher frequency indicators
of domestic demand also suggest a recovery in economic activity with the gradual easing of lockdown restrictions,” he said, but added that risks remain because of the emergence of more transmission variants of coronavirus disease 2019 (Covid-19). Diokno thus stressed the need to keep the current monetary policy stance “in order for the economic recovery to gain more traction.” “Keeping an accommodative stance shall also help counteract risk aversion among banks, which continues to temper lending activity despite ample liquidity in the financial system,” he added. (PNA)
Change in PH strategy vs. debt upticks needed: economist AN economist has suggested the need for the government to reconsider its strategy to address the rising debt amid pandemic-related spending to prevent further adjustments on its credit rating outlooks. This, after Fitch
Ratings recently changed from stable to negative its outlook on the country’s investment-grade rating, which was affirmed at BBB. Nicholas Mapa, ING Bank Manila senior economist, said debt raters are now likely looking
at the possible scarring effects of the pandemic on economic activity “and how weak growth might affect the overall fiscal health of the country “From this prognosis, it is quite clear that debt watchers are now increasingly concerned
about the medium-term growth prospects for the Philippines, suggesting that the so-called ‘solid fundamentals’ are now being questioned. With only base effects providing momentum for 2021 GDP (gross domestic product) STRATEGY/PAGE 6
6 Hero... from page 4
great goodness or horrible evil…There are no ‘ordinary’ people. You have never talked to a mere ‘mortal’…Every person we meet, joke with, work with, marry, mistreat, and ignore will become either everlasting horrors of evil or everlasting heroes of godly nature and goodness.” So what kind of person do you want to become forever? Where do you want to live for all eternity: with God or without Him? In Heaven or in Hell? Remember, Jesus makes it crystal clear that we all live forever since God created us in His likeness as living, eternal souls. The only person worthy of being your hero whom you worship and follow is your Creator, Savior, and Lord. Won’t you ask Jesus to forgive you for living your wrong, sinful way? You must also ask Him to take full charge of your heart and daily way of living. DEED OF EXTRA-JUDICIAL SETTLEMENT AND PARTITION OF THE ESTATE OF IRENEO S. BINOLHAY (With Confirmation of Deeds of Sale) With Waiver and Assignment of Rights KNOW ALL MEN BY THESE PRESENTS: That the late IRENEO S. BINOLHAY died intestate on April 6, 2020 with no will and upon his death left no payable debts; acquired a parcel of land with Transfer Certificate of Title No. ET-6841 with an area of Thirty Eight Thousand Three Hundred Sixty Six (38,366) square meters and located at Mampayag, Manolo Fortich, Bukidnon; during his lifetime, IRENEO S. BINOLHAY, has ceded, transferred, conveyed a portion of such property, with an area of TWENTY FIVE THOUSAND ONE HUNDRED SIXTY SIX (25,166) square meters more or less to ALEXANDER U. PINEDA by way of Deed of Absolute Sale under DOC No. 169; Page No. 34, Book No. 42, Series of 2014 executed and acknowledged before Notary Public Atty, Juvy Ind V. Arubio on October 24, 2014, to ROSALINDA G. BINOLHAY, adjudicated unto her is Lot 393-E-8-G, with an area of TWO THOUSAND ONE HUNDRED NINETY-SEVEN (2,197) square meters; to LUZMINDA G. BINOLHAY, adjudicated unto her is Lot 393-E-8-H, with an area of ONE THOUSAND FIVE HUNDRED FIFTY TWO (1,552) square meters; to EDGAR G. BINOLHAY, adjudicated unto him is Lot 393-E-8-A, with an area of ONE HUNDRED TWENTY EIGHT (128) square meters & Lot 393-E-8-C, with an area of ONE HUNDRED SEVENTY FIVE (175) square meters; to JASMINO G. BINOLHAY, adjudicated unto him is Lot 393-E-8-D, with an area of THREE HUNDRED SEVENTY EIGHT (378) square meters & Lot-E-3-B with an area of TWO HUNDRED NINE (209) square meters, to ROMEO G. BINOLHAY, adjudicated unto him is Lot 393-E-8-E, with an area of FOUR HUNDRED THIRTY (430) square meters; and to ELEAZAR G. BINOLHAY, adjudicated unto him is Lot 393-E-8-B with an area of TWO HUNDRED TWENTY EIGHT (228) square meters; REMEDIOS GUIHAYON BINOLHAY, RUEL G. BINOLHAY, JASEL G. BINOLHAY, NORMA G. LUGSANAY, ROSALINDA G. BINOLHAY, LUZMINDA G. BINOLHAY, EDGAR G. BINOLHAY, JASMINO G. BINOLHAY, ROMEO G. BINOLHAY, and ELEAZAR G. BINOLHAY, adjudicated unto them is Lot 393-E-10 with an area of ONE THOUSAND FIVE HUNDRED FORTY (1,540) square meters, and has been the subject of an DEED OF EXTRA-JUDICIAL SETTLEMENT AND PARTITION OF THE ESTATE OF IRENEO S. BINOLHAY (With Confirmation of Deeds of Sale) With Waiver and Assignment of Rights, filed by the heirs of IRENEO S. BINOLHAY, in favor of ALEXANDER U. PINEDA, per DOC #339; PAGE #68; BOOK #03; Series of 2021 under the Notarial Registry of ATTY. DELBERT JOHN Z. BARSAGA. BWM: July 26, Aug. 2 & 9, 2021
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It is the only way you can start becoming more like Him in your character for the rest of this life, and your eternal life after you die. Just think a minute.
“We can best coordinate, cooperate and collaborate towards the same goal of making lives easier for the Bangsamoro people,” he said. (PNA)
from page 3
from page 4
Filinvest...
includes 17 buildings, 16 of which are in Northgate Cyberzone in Alabang’s Filinvest City and office tower with a retail component in Cebu IT Park in Lahug, Cebu City. FILREIT said around 88% of its tenants are multinational business process outsourcing (BPO) firms.
Response... from page 2
challenges brought about by the pandemic. “I am very happy to see that amid the pandemic, the Bangsamoro Transition Authority and our LGUs were able to hold much-needed consultations to identify the needs of our people on projects and programs, both short-term and the longterm,” Zubiri said. He also announced that the Senate is now in the final stages of passing the Senate Bill (SB) 2214 —the measure seeking to extend the term of the Bangsamoro Transition Authority (BTA). “We, in the Senate, are in the final stages of passing the bill postponing the BARMM elections. ‘In Shaa Allah’ (God willing), within a month, we will get it done,” he said. Dur ing t he summit, BARMM Senior Minister Abdulraof Macacua presented the Mandanas ruling which would significantly affect the ser vice deliver y of Bangsamoro LGUs to their constituents. “The impact of Mandanas ruling is another issue that we need to look into and integrate into our local government code,” Macacua told the regional executives. He said while the ruling provides LGUs with more f i n an c i a l re s ou rc e s , it would also mean that some nationally-funded projects will be devolved to them. EXTRA-JUDICIAL SETTLEMENT OF ESTATE AMONG THE HEIRS OF MARCELO C. SONZA KNOW ALL MEN BY THESE PRESENTS: That the late MARCELO C. SONZA who died intestate on October 1, 2013 at Capitol University Medical City, San Pedro, Gusa, Cagayan de Oro City, Misamis Oriental; that the deceased at the time of her death left three (3) Parcels of land with Transfer Certificate of Title No. T-116355 situated at Bulua, Cagayan de Oro City, containing an area of ONE THOUSAND FOUR HUNDRED EIGHTY (1,480) Square meters, more or less, Transfer Certificate of Title No. T-46611 situated at Maanas, Medina, Misamis Oriental, containing an area of THREE THOUSAND THREE HUNDRED FOURTEEN (3,314) Square Meters, more or less, Transfer Certificate of Title No. T-119126 situated at Balulang, Cagayan de Oro City, containing an area of FIVE HUNDRED FIFTY EIGHT (558) square meters, more or less, and has been the subject of an EXTRA-JUDICIAL SETTLEMENT OF ESTATE AMONG THE HEIRS OF MARCELO C. SONZA, filed by the heirs of MARCELO C. SONZA, per DOC #439; PAGE #89; BOOK #13; Series of 2021 under the Notarial Registry of ATTY. KAROL CHAIM P. BARTOLOME. BWM: July 26, Aug. 2 & 9, 2021
Sowing...
and to make the most out of it. He was happy with the first two who gained as much as was given. But he was mad at the third one who did nothing with the amount given. We have to realize that God has already given us everything that we need not only to sur vive but also to improve our lot that ultimately translates into realizing the fullness of our dignity as image and likeness of God, as children of his. In this regard, we truly should be most enterprising, coming up with daily plans and strategies such that at the end of the day, when we make our examination of conscience, we can show God that we have gained something, and that the daily balance sheet of our spiritual life is in the black, not in the red. We have to realize that the capitalization of this enterprise cannot be any better. God has given us ever ything–life, talents, intelligence, freedom, all kinds of capacities, his graces, etc. Email: roycimagala@ gmail.com
Blog...
from page 4 life” and being a “life-saver” in her blog post about the importance of saving. Clearly, blogs are a good way to communicate better with stakeholders in a more personal and authentic way. And at the same time, if you want a thought-provoking read or you simply want to stay informed or want to know what BPI’s leaders think about, just go to this link: https://www.bpi.com. ph/media/insights. Jaime Augusto Zobel de Ayala (JAZA) launches own podcast JAZA, chairman of the Ayala conglomerate, has been a favorite interviewee of various business publications and networks, local and foreign. Recently, JAZA decided to switch roles and become the interviewer. Starting July 9, and monthly thereafter, JAZA will be featuring trailblazers who have added significant value to our country, especially the
economy. JAZA’s inaugural guest was Brian Cu, who talked about transforming the transportation sector. The podcast entitled #AfterSix was uploaded in YouTube and had, as of this writing, 178 thousand “Likes”. Just click the following link to watch the first episode: https://www.youtube.com/ watch?v=Pu8CKltINiI&t=91s Note: You may wish to share the foregoing article via Facebook, Twitter or Linked-In.
Digital... from page 8
Asec. Mary Jean Pacheco, AFIN/APIX: ASEAN Financial Innovation Network Director Pieter Franken, and O vers eas Filipino Bank President and CEO Leila Martin in an engaging discussion about the importance of technology and innovation as a means for national progress and prosperity. The first segment of the fireside chat led by Maclang and FinTech Philippines Trustee Ida Tiongson gathered innovation market leaders in an engaging discussion about how they are dealing with industry issues and challenges and how they are pushing boundaries through tech. They shared how they applied what they learned from the transformation of their companies to the tech development of their industries to make it even more competitive. They were joined by Dragonpay President Robertson “Dick” C hi ang; MYNT Chief Customer Officer Winsley Bangit; Insular Life First Vice President an d C h i e f Te c h n o l o g y Officer Gwendolyn Kelley; KPMG in the Philippines He ad of Cy b ers e c ur it y and IT Advisor y Jallain Manrique; Union Bank of the Philippines Senior Executive Vice President and Chief Technology and Operations Officer Henry Aguda; and Tier One Entertainment Chief Executive Officer Tryke Gutierrez Meanwhile, the second segment of the fireside chat moderated by best-selling Filipino NFT artist and NFT63 Co-founder and CEO Luis Buenaventura focused on emerging voices in the tech industry. The discussion centered on the groundbreaking methods they used to persuade people to embrace innovations like cashless payments, cloud
tech, online education, and e-commerce. He was joined by Angkas Chief Transport Advocate George Royeca; The Bow Tie Duck Co-founder Julien Marie; Kimstore Founder and CEO Kim Lato; Locad CEO and Co-Founder Constantin Robertz from Locad; Philippine Coding Camp President Gabriel Avelino ‘Gino’ Sampedro; UNObank CEO and Cof o u n d e r Ma n i s h B h a i ; 8Ventures Chairman & CEO Jay Ricky Villarante; and Xendit Philippines Managing Director Yang Yang Zhang. The Digital Pilipinas movement is a multi-month series of activities that will culminate on November 1112, 2021 at the World FinTech Festival Philippines, which will gather the top tech leaders in the country to share their insights on trends and how organizations can become stronger in the new normal. To support the movement and materialize the vision for a digitally-empowered Philippines, conferences, forums and other initiatives aimed at addressing the 12-point agenda will take place, spread across several months. The series will be comp os e d of pione ers, change-makers, and leading voices in the tech and innovation industry as well as emerging start-ups that flourished as a result of the COVID-19 pandemic. The Digital Pilipinas ecosystem is made up of frontrunners in t he te chnolog y and innovation scene including national line agencies, foreign and local industry groups, and corporations. Maclang, who also moderated the panel discussions, reiterated, “We are not truly free until we control our digital destiny as a country.” To join the movement, click on www.digitalpilipinas.ph or email info@digitalpilipinas. ph.
Strategy... from page 5
growth, perhaps the once robust consumption crazy, investment renaissance economy is now only something that was ‘so 2019’,” he said. E c onom i c manage rs have ensured that the budget deficit level will not swell way above the 60 percent of GDP threshold so debt levels will remain sustainable. Mapa attributed this to economic managers’ decision “to control the deficit.” “Authorities argue that the perceived austerity was carried out to ensure fiscal sustainability and ensure we had ‘enough bullets to fight’ what was projected to be a drawn-out war,” he said. But Mapa said this has resulted in GDP growth crashing by 9.5 percent in 2020, the deficit-to-GDP ratio rising sharply to 9 percent as of the first quarter of 2021, and the overall debt-to-GDP ratio moving past the critical 60-percent threshold “carefully watched” by ratings agencies. “Authorities may need to revisit their current debt-to GDP alleviation strategy as credit downgrades, something they so meticulously avoided, loom,” he said. “Perhaps, a re vis ed gameplan to chase faster growth can be considered.” He added faster growth generates revenue streams and jobs. (PNA)
CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011
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Program... from page 1
neither employed nor in school. Already rolled out in other regions, the program has assisted over 14,500 young entrepreneurs this year as of mid-July, Mr. Lopez said. The program is backed by the United States Agency for International Development Opportunity 2.0 program for out-of-school youth. The training program, designed before the pandemic, was delayed and moved online last year, the Education Development Center said in August 2020. “Through this partnership, the entrepreneurship activities of Opportunity 2.0 are integrated into the YEP implementation,” Mr. Lopez said. He a d d e d t h a t t h e participants can join current DTI entrepreneurship programs. “Please join our startup economy and be linked to our startup ecosystem from our acceleration programs, mentors, co-working spaces, startup networking events, competitions, and possible venture funding.”
Travelers... from page 1
to law enforcers manning the regional checkpoint in Marilog District, located at the boundary with Bukidnon EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF BARCILISA M. BRAZA KNOW ALL MEN BY THESE PRESENT: That the late BARCILISA M. BRAZA, who died intestate on September 12, 2018 in Cagayan de Oro City, the decedent at the time of her death maintained the following personal and real properties with Parcel 1- Transfer Certificate of Title No. T-137-2018001200 situated in the Barangay Upper Carmen, City of Cagayan de Oro, Island of Mindanao, containing an area of TWO HUNDRED SIXTEEN (216) square meters, Parcel 2- Transfer Certificate of Title No. T-137-2017008127 situated at Canitoan, Cagayan de Oro City Island of Mindanao, containing an area of ONE HUNDRED TWENTY SEVEN (127) square meters, more or less, Parcel 3- Transfer Certificate of Title No. T-137-2017009425 situated at Canitoan, Cagayan de Oro City, Island of Mindanao, containing an area of ONE HUNDRED THIRTY ONE (131) SQUARE METERS, more or less, Parcel 4- Tax Declaration No. 13000 situated at Bakid IV, Monching, Siay, Zamboanga Sibugay, containing an area of 1,554 square meters, Parcel 5- Tax Declaration No. 13-002200275 situated at Monching, Siay, Zamboanga Sibugay, containing an area of 13,0506 Hectares, Parcel 6- Tax Declaration No. 13-002200276 situated at Monching, Siay, Zamboanga, Sibugay, containing an area of 25,1751 hectares, a) BANCO DE ORO (BDO) Unibank, Inc. Zamboanga-Ipil Branch under PESO Saving Account No. 003158001823, b) Banco de Oro (BDO) Unibank, Inc. ZamboangaIpil Branch under Dollar Savings Account No. 1031500121099 with a deposit balance of SEVENTEEN THOUSAND FOUR HUNDRED FORTY NINE & 01/100 DOLLARS ($17,449.01), c) Banco de Oro (BDO) Unibank, Inc. Zamboanga-Ipil Branch under PESO Savings Account No. 003150017283, and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF BARCILISA M. BRAZA, filed by the heirs of BARCILISA M. BRAZA, per DOC #457; PAGE #92; BOOK #51; Series of 2018, under the Notarial Registry of ATTY. MARISSE GAY G. LICO-ABALDE. BWM: July 12, 19 & 26, 2021
in Nor thern Mindanao region. T h e R IAT F- RT F res olut ion, rele as e d to provide “harmonious implementation” of the protocols at the regional borders, is applicable to inter-regional movement or movement from one region to another. Non-residents t r ave l i ng for e s s e nt i a l purposes will only need to show proof of appointment, medical prescription/referral or any other documents showing proof of essential transaction. It said movement of authorized persons outside of residence (APORs) is allowed, provided that they present an identification card, certificate of employment or travel order or itinerary, and must pass symptom-screening at the ports of entry. APORs include heath and emergency frontline ser vices and uniformed p ers onnel; gover nment officials and employees on official travel and official business; duly-authorized humanitarian assistance actors, especially those transporting medical supplies and laboratory specimens related to COVID-19, and other relief and humanitarian assistance; persons traveling for medical or humanitarian reasons; persons going to and from the airport; anyone crossing zones for work or business permitted in the EXTRA-JUDICIAL SETTLEMENT OF ESTATE OF THE DECEASED LEONIDO AND ROSITA TAGUD WITH SPECIAL POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS:
zone of destination, and going back home; and public utility vehicle operators. T he re s olut i on a l s o provides that movement of all types of goods and cargos shall be unhampered, but it required that personnel of delivery vehicles must be limited up to a maximum of five persons only; personnel shall undergo usual symptom screening protocol at port of destination’s entry; and strict social distancing must be observed, which may include, if necessary, the putting up of additional safe and humane seats or space in the vehicles. It added that non-residents of Davao Region will be required to comply with a negative virus test result taken within 72 hours in addition to the requirements of resort booking confirmation and StaySafe.ph mobile application, the official contact tracing digital app of the Philippine government. It said that RT-PCR test results shall be submitted electronically by the tourists immediately upon receipt of results to the management of the resort not earlier than 72 hours upon entry into the region. Resort management will immediately submit the same upon receipt to the D OH-Davao Op eration Center for verification, and a certification will be provided once validated. The DOH-Davao will be tasked to endorse to police authorities a list of verified RT-PCR test results within 24 hours from verification, and will provide a list of accredited laboratories and sample of RT-PCR test results for guidance and reference
That the late LEONIDO TAGUD who died intestate on March 06, 2000, in Northern Mindanao Medical Center, CDO; and ROSITA TAGUD who died on _________________ _,in______________________ the decedent at the time of his death, left a real property with Original of Certificate of Title No. E-504 situated Barangay Tamboboan Claveria Misamis Oriental, and has been the subject of an EXTRA-JUDICIAL SETTLEMENT OF ESTATE OF THE DECEASED LEONIDO AND ROSITA TAGUD WITH SPECIAL POWER OF ATTORNEY, filed by the heirs of LEONIDO TAGUD, to negotiate and enter into a Lease Agreement with DITO TELECOMMUNITY CORPORATION, a corporation duly organized and establishment under Philippine Laws and with principal office address at 11th Floor, Udenna Tower, Rizal Drive Cor. 4th Ave., Bonifacio Global City, Taguig City herein represented by its authorized representative, MGEN. RODOLFO D. SANTIAGO AFP (RET.), per DOC #323; PAGE #65; BOOK #CXXII; Series of 2020 under the Notarial Registry of ATTY. RAMIL G. CARREON.
EXTRA-JUDICIAL PARTITION/ SETTLEMENT OF REAL PROPERTY AMONG HEIRS WITH DEED OF ABSOLUTE SALE
BWM: July 12, 19 & 26, 2021
BWM: July 12, 19 & 26, 2021
KNOW ALL MEN BY THESE PRESENTS: That the late MAGNO M. RIVERA, who died on April 7, 2020, at Cagayan de Oro City; That during his lifetime, he was able to acquire a parcel of land with OCT NO. 2015000097 situated at Barrio of Indahag, City of Cagayan de Oro, Province of Misamis Oriental, Island of Mindanao, containing an area of TWO HUNDRED TWENTY THREE (223) square meters, more or less, and has been the subject of an EXTRA-JUDICIAL PARTITION/ SETTLEMENT OF REAL PROPERTY AMONG HEIRS WITH DEED OF ABSOLUTE SALE, filed by the heirs of MAGNO M. RIVERA, in favor of PHIL ALKOFERO L. ABROGAR and ABRAM PHILIP L. ABGROGAR, represented by: RUBY LIM ABROGAR (VendeeMother), per DOC #374; PAGE #73; BOOK #42; Series of 2021 under the Notarial Registry ATTY. EVANGELINE TADLAS-CARRASCO.
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of personnel manning the checkpoints. Duterte said she is not discounting the possibility that the Delta variant may have already found its way to the city since not all specimens from the city are being sent for genome sequencing at the Research Institute for Tropical Medicine. She stressed the consistent observance of minimum public health standards such as wearing of face mask, distancing and hand washing, as well as vaccination against COVID-19 will work against the spread of the highly infectious Delta variant in the community, lowering the risk of hospitalization. Last month, the DOHDavao confirmed that two out of three cases of Alpha variant or B.1.1.7, first detected in the UK, and five out of 11 cases of Beta variant or B.1.351 in the region were detected in Davao City. As of July 18, DOH-Davao reported 186 new cases of COVID-19 in Davao City, bringing the total to 28,499 with 2,450 active cases, 25,081 recoveries and 968 deaths.
Floating...
from page 1 gardens after experiencing constant flooding since December 2020 resulting in local food shortage. Residents agreed to the idea of pilottesting the technology from India in their place. The gardens were built using local materials including bamboo, water hyacinth, and farm compost. The PENRO-LGU initiated the project as part of its effort to conserve biodiversity in the marsh by providing sustainable livelihoods to local communities that benefit from its ecological services. The barangay council and Bantay Danao, a communitybased volunteer conservation group, serve as PENROLGU’s local partners. Talacogon has a locally declared conservation area within and around the Agusan Marsh Wildlife Sanctuary. The declaration is contained in Municipal Ordinance No. 288-2019 authored by Kagawad Thomas Balinton. It covers Barangays Buena Gracia, Causwagan, Desamparados,
VAX TOGETHER Asialink secures 10K vaccine doses, champions vaccination for workers In support of the government’s efforts to expedite vaccination among Filipinos, Asialink Finance Corporation (AFC), one of the leading and fastest-growing finance companies, rolls out “Bakunado Sigurado” to build vaccine confidence among its workers and establish an accessible, fast and convenient way to get them vaccinated. By entering into a tripartite agreement with the Department of Health and vaccine manufacturer Moderna through the International Container Terminal Services, Inc., AFC’s more than 500 workers in its more than 80 branches nationwide will receive two doses of the vaccine free of charge. “Our team has proven that despite the pandemic we continue to provide our services for our communities with great care, teamwork, passion and integrity. Now that the vaccines are coming, we have secured doses of hope for all employees as one team,” said Chief Operating Officer Eillen B. Mangubat. Its first batch of COVID-19 vaccines has arrived with more scheduled for delivery in the third quarter of the year, at which point La Flora, Maharlika, Marbon, Sabang Gibong, San Agustin, San Nicolas and Zillovia. A g u s a n Ma r s h i s a protected area governed by the National Integrated Protected Areas Act. Aside
mass vaccination of its employees begins. Given a steady supply, all workers will be immunized by Q4 2021. AFC has tied up with top-tier hospitals nationwide to administer the vaccine doses including the network of The Medical City and Cebu Doctors Hospital. “Dako jud ang pasalamat namo sa Asialink kay dili biya tanang kompanya muhatag ug libre nga bakuna (We are thankful to Asialink because not all companies would offer free vaccination),” said Anna Katrina Banez, Area Manager-Visayas. “Ug abot jud sa tanang isla diri sa Visayas nga duna mi empleyado ang mabakunahan jud. (And it extends to all islands in the Visayas where there are employees.)” “Bisan pa na layo na mi sa head office, coordinated gihapon nga mabakunahan tanan among kauban sa trabaho. Importante gyud nga naa kay depensa na bakuna (Even if we’re far from the head office, arrangements have been made to vaccinate all of us employees. This is important for our protection),” said Val Vergara, Area Manager-Mindanao. from ser ving as a catch basin for flood waters, It is known as a destination of migratory birds from the Northern Hemisphere during the winter season. (Chris V. Panganiban/MindaNews)
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PH, SG government top bill Digital Pilipinas NFTs, Cyberdefense, E-commerce, Edutech, Proptech, Insurtech for PH progress
‘Digital Pilipinas: a Closer Look at the Philippine Sandbox’, a movement that aims to influence change through technology and innovation across the local and global spheres was launched on July 22 by government and industry leaders from both the Philippines and Singapore. Monetary Authority of Singapore (MAS) Chief FinTech Officer Sopnendu Mohanty, Department of Trade and Industry (DTI) Secretary Ramon Lopez, and Department of Finance (DOF) Secretary Carlos Dominguez all expressed their support for a more technologicallycapable and innovationdriven digital landscape in the Philippines and across the ASEAN region. Digital Pilipinas, the movement, has a 12-point agenda to provide solutions to overcome challenges within the Philippine industry and
economic ecosystem, and introduces a method to leverage on ICT-driven opportunities. The 12-point agenda covers FINTECH, GOVTECH, and REGTECH; PROPTECH; DIGITAL TRANSFORMATION; OVERSEAS FILIPINO BANKING; FUTURE OF MOBILITY; INSURETECH; E-COMMERCE; CYBER SECURITY; INTERNET OF ENERGY; FUTURE OF EDUCATION; DIGITAL CITIES; and GAMING. Digital Pilipinas Convenor and GeiserMaclang Marketing Communications, Inc. CoFounder Amor Maclang said during her welcome remarks, “Innovations are being spearheaded in the sandbox of Asia. We need to do more than just raise our innovation quotient as a country and as a people to remain competitive. More importantly, we need
to demand a technology and innovation quotient from our future leaders. In his keynote speech, Mohanty said, “You must ensure that the sandbox will benefit all the citizens for public good. We are promoting technology for people to progress,
so the public good is important to make the sandbox successful.” He added, “If there’s one market in Asia which has the biggest potential to completely transform, it’s the Philippines.” Lopez supported this in his keynote speech
and said, “Before the pandemic, the government has already been utilizing digitalization to push the ease of doing business. The adoption of e-commerce facilitated the digital transformation of business. The government remains committed
to its role in enabling different stakeholders in our country to ensure our people benefits in ecommerce.” Dominguez affirmed this in his keynote speech, saying, “Our economies will need to adjust to modern technologies if they want to remain viable. Even before the pandemic, the Philippine government encouraged the rapid rise of FinTech in our country, and our revenue agencies have fully embraced digitalization." With the theme, ‘A Whole of Nation, Whole of Society Approach for Technology and Innovation’, the panel discussion was led by Global Impact FinTech (GIFT) Co-Founder and Chairman Malik Kotadia. He was joined by Mohanty, Bangko Sentral ng Pilipinas Deputy Director Ace Alvaro, DTI DIGITAL/PAGE 6