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Peso inches up as Fed cuts rates

THE PESO rose after the US Federal Reserve’s decision to cut policy rates. — BW FILE PHOTO

THE PESO edged up on Thursday on positive sentiment following the US Federal Reserve’s decision to cut benchmark rates anew.

The local unit ended at P52.18 against the greenback on Thursday, appreciating by two centavos from its P52.20-per-dollar close on Wednesday.

The peso opened sharply weaker at P52.31 versus the dollar. Its weakest point recorded at P52.333, while its closing level was its intraday high.

Dollars traded on Thursday climbed to $1.114 billion from the $912.33 million recorded on Wednesday.

One trader attributed the peso’s sideways performance to the Federal Open Market Committee (FOMC) meeting.

“FOMC failed to release any easing signal for the future…. That caused stronger dollar in the morning…but in the afternoon, the lower US Treasury yields made the dollar weaker. We also saw a selling trend in the market,” the trader said.

“The peso is also stronger after global crude oil prices continued to ease back to familiar ranges…,thereby supporting sentiment on the global financial markets,” Rizal Commercial Banking Corp. chief economist Michael L. Ricafort added.

The US Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.

Describing the US economic outlook as “favorable,” Fed Chair Jerome Powell said the rate cut was designed “to provide insurance against ongoing risks” including weak global growth and resurgent trade tensions.

“If the economy does turn down, then a more extensive sequence of rate cuts could be appropriate,” Mr. Powell said in a news conference after the Fed announced it had lowered its benchmark overnight lending rate by a quarter of a percentage point to a range of 1.75% to 2.00%. It was the second Fed rate cut this year.

But, Mr. Powell said, “what we think we are facing here is a situation which can be addressed, which should be addressed, with moderate adjustments to the federal funds rate,” noting that the US labor market was strong and inflation was likely to return to the Fed’s 2% annual goal.

For today, traders said the peso may weaken anew ahead of US data.

“The local currency might weaken further on bets that the second revision of the US GDP (gross domestic product) growth report [today] is expected to remain firm from the initial estimate,” the first trader said.

The first trader expects the peso to move within the P52.20-P52.40 range against the dollar, while the second trader sees it playing within the P52.10-P52.50 band. Meanwhile, Mr. Ricafort sees the peso trading from P52.00 to 52.30. — L.W.T. Noble with Reuters

Bill Gates is right to support a wealth tax

By Leonid Bershidsky

IN HIS NEW book on how to fix inequality, French economist Thomas Piketty may have gone a little too far with a call for a 90% wealth tax for billionaires and multimillionaires, but putting a tax on huge fortunes may well make sense. Bill Gates, the second richest man in the world, thinks so. His case makes it clear why governments should go for it.

Gates said in a Bloomberg interview that he “wouldn’t be against” a wealth tax, even though he doesn’t believe the US will introduce it. As an alternative, he proposed raising the estate tax to 55% for the top bracket from the current 40%.

As things stand, Gates’s net worth increased by $16 billion this year to $106.8 billion (according to the Bloomberg Billionaires Index). He gives away lots of money every year. He and his wife have donated more than $36 billion to the Bill & Melinda Gates Foundation since 1994, though the couple’s contributions to the trust that finances the foundation’s activities were relatively small in 2018 at $43.9 million. (They contributed almost $4.7 billion in stock and cash in 2017.)

Despite their generosity and a sober, goal-oriented approach to philanthropy, the family of the Microsoft founder cannot operate programs on the scale that a wealthy nation’s government does, even though it has resources comparable to that of a nation. The foundation’s expenses reached $4.8 billion in 2018 (which was at the lower end of its normal range of $4.5 billion to $6.5 billion); that’s about the size of the Republic of Georgia’s annual government spending.

It doesn’t make sense for the Gateses to give away much more; even with the best of advice, they cannot always pick the most efficient ways to spend money for the benefit of society. That’s the job democracies reserve for politically representative governments and parliaments, supported by diverse expert institutions which should be able to provide a nation with a 360-degree view of its priorities.

Even an extraordinarily talented individual like Gates finds it hard to analyze all the myriad inputs a modern state has to process. To give just one example from his Bloomberg interview, Gates is in favor of rolling back government subsidies to wind and solar energy producers, since renewable energy from these sources is already competitive with energy from fossil fuels. He thinks it’s time to shift incentives to areas such as energy storage and offshore wind generation, where technological progress is still lagging and costs need to be driven down.

It’s fine for Gates himself to make such a change in his own investing (for, apart from his philanthropic activities, he’s also launched an investment vehicle for projects in the field of clean energy). But it isn’t time for governments to scrap wind and solar subsidies yet: Even if the marginal cost of generating power now is comparable across different technologies, the economics of renewable energy still don’t allow for the natural, market-based replacement of fossil fuel-burning plants.

According to the International Energy Agency, the growth of renewable energy capacity stalled last year. Far less capacity is being added than necessary to meet the climate goals set by the 2016 Paris Agreement.

That’s one of the areas where a wealth tax could come in handy. In a paper published earlier this month, Emmanuel Saez and Gabriel Zucman from University of California, Berkeley, calculated that, had a wealth tax of 3% on fortunes above $1 billion been in place since 1982, Gates’s fortune still would have been enormous at $36.4 billion, but his extra taxes would have gone to useful government programs — and why not to clean energy subsidies?

Taxing Gates’s current fortune at this rate would yield $3.2 billion this year. That’s more than the $2.6 billion US spent on wind and solar subsidies in 2016, the latest year for which an Energy Information Administration estimate is available.

It’s laudable that Gates recognizes it would make sense to share more of his wealth with society even if he doesn’t get to decide how the money is spent. While Piketty’s expropriatory ideas are capable of scaring any reasonable person away from the idea of a wealth tax, it may well be the case that Gates isn’t alone among the super-rich who’d support a reasonable tax on their huge fortunes. Sharing more of this wealth through taxes can be a useful complement to targeted philanthropy. It doesn’t have to mean confiscating, Communist-style, the just rewards of exceptional business acumen.

 

BLOOMBERG OPINION

The masses as non-Messiah

How could the Filipino people have allowed the outrage that was martial rule? Why did they just stand by while “the show window of democracy in Asia” was being smashed and turned into a dictatorship? Where were they when the newspapers and television and radio stations were being padlocked?

Arrested and detained when Ferdinand Marcos’ military thugs implemented Presidential Proclamation 1081 (PP 1081 was signed Sept. 21) in the evening of Sept. 22, 1972, the then editor of an afternoon Manila daily was shaking his head and asking these questions of his fellow political prisoners — newspaper reporters, columnists and his fellow editors; members of the political opposition; student, farmer and labor leaders; former delegates to the Constitutional Convention; academics from the University of the Philippines (UP); and even a former professor of the Philippine Military Academy (PMA).

All had one thing in common: they were critical of the Marcos regime, the policies and acts of which the imprisoned journalists had dutifully reported, and which others examined and criticized on air and in the opinion pages. The students had discussed in their classrooms as well as in the factories of the cities and the paddy fields of rural Philippines the same regime’s corruption, human rights violations, and subservience to foreign interests. Farmer leaders had condemned the regime’s political alliance with the landlords of the tenancy system, while their counterparts in labor knew only too well its anti-worker bias. A military man himself, the former PMA professor had been critical of the armed forces’ material and ideological dependency on the US, their inability to defend the country from external threats, and their use in quelling protests and social unrest.

All were also part of the broad movement for political, economic, cultural, and social change that starting in the mid-1960s had been engaged in explaining — in rallies, forums, demonstrations, and school “teach-ins” — how the corrupt rule of the big bureaucrats who enriched themselves with public funds, the land tenancy system that keep farmers in bondage in the countryside, and government subservience to foreign interests were keeping the Filipino millions in poverty and preventing the country’s development.

But despite the efforts of the men and women committed to completing the democratization of political power that had begun more than a century ago during the revolutionary period of Philippine history, in 1972 and for many years after, the vast majority of Filipinos met the country’s descent to dictatorship with silence and even outright approval.

Their reasons were as trivial as they were limited to what benefitted them personally. Housewives welcomed martial rule because with a curfew in force, their husbands had to be home by midnight. Office workers praised the ban on the demonstrations many of them despised because they sometimes tied up traffic. The Marcos kleptocracy’s claim that it was teaching Filipinos the discipline that the country needed to progress was met with nods of approval by those who could not see how the total lack of restraint of the power elite had made its behavior the model for much of the populace.

The prelates of the Catholic Church adopted a policy of “critical collaboration” with the regime because they saw dictatorship as the antidote to the radical transformation of society that they feared. They hoped that it would also check the erosion of their authority over the rank-and-file clergy who had awakened to the realities of oppression in the communities they served. Despite Marcos’ known bias for his and his cronies’ enterprises, much of the business community welcomed the prospect of industrial peace that authoritarian rule promised.

It took all of 14 years, an energy and rice crisis, a debt-ridden economy, a war in Mindanao, countless human rights violations, and some 4,000 extrajudicial killings before EDSA 1986 overthrew the Marcos anomaly. Even then, however, that event involved only a relatively small number of Filipinos compared to, say, the two million-strong Hong Kong protests that stopped the enactment of a law that would have allowed the extradition to mainland China of fugitives from territories with which Hong Kong has no extradition treaty.

The editor of the afternoon daily who was among the journalists arrested in the evening of Sept. 22, 1972 was therefore asking far from rhetorical questions. He might well ask them again today, as the country marks the 47th anniversary of Ferdinand Marcos’ PP 1081 which placed the entire Philippines under martial law.

Various anti-Duterte groups march along Commonwealth Avenue in Quezon City as they hold a People’s SONA protest on July 22. — PHILIPPINE STAR/MIGUEL DE GUZMAN

How can most Filipinos today remain silent in the face of the gravest threat to their liberties since the Marcos reign of greed? Why haven’t they come to the defense of the independent journalists and media organizations whose persecution and demonization is rapidly denying what little is left of Philippine democracy, a necessary pillar in sustaining it? How can they keep approving the conduct of the corrupt, incompetent, and misogynistic provincial despotism that has hijacked national power, whose idea of independence is the sell-out of the country to imperialist China’s economic and strategic interests?

Like live crabs thrown into a vat of gradually heating water, the entire country has to wake up from the mass stupor the steady diet of government mendacity, malice and absurdity, social media disinformation, and the outright lies of regime mercenaries in print and broadcast media have lulled it into.

In trying to account for the continuing mass support for President Rodrigo Duterte and his troubling regime despite the extrajudicial killings that the war on the poor and on political activists and dissenters has exacted on tens of thousands of Filipinos; the mismanagement of the economy and the disastrous foreign policy that has led to the country’s subjugation by another imperial overlord; and the only too obvious march to a tyranny that could be worse than Marcos’, many observers have looked into various possibilities.

Among them are the disaffection with its predecessor administration and the decades-long yearning for change. Duterte the candidate and Duterte the president cleverly cultivated both as his reason for seeking and remaining in power. But there is as well the dominance of the regime narrative over social media and in the hate-mongering of its hucksters and propagandists in print and broadcasting.

While all these do have an impact on the regime’s approval ratings, reality nevertheless challenges its claim that it has changed things for the better.

The current reality is defined by the poverty of some 20-40 percent of the population; the corruption that has metastasized throughout Philippine society; the egregious violations of the fundamental human right to life; and the impunity that allows well-connected criminals to literally get away with murder while petty thieves rot in the country’s overcrowded and disease-ridden prisons.

Authentic change and resistance to evil are possible only when objective reality is subjectively perceived and understood. It is the latter factor that’s currently largely missing in the country of our despair, quite simply because the vast majority of Filipinos see in Mr. Duterte the mirror image of themselves. They see in him and his regime validation of their limited perceptions and bigotry, their blood lust and moral depravity, their ignorance and disdain for the facts, and their contempt for women, dissenters, and reason.

Generations of activists have risked their liberties, fortunes and lives in the conviction that once enlightened, the Filipino millions will save themselves and transform Philippine society. Could they have been mistaken, and is the myth of the masses as Messiah exactly that — a myth?

 

Luis V. Teodoro is on Facebook and Twitter (@luisteodoro).

www.luisteodoro.com

Parents please: hold the line against student activism

Because someone has to. And, no, not that anyone is afraid of student activists. Afraid for them, more likely. And therein lies a huge difference, which many parents now are rightly starting to assert.

The problem is an utterly childish presumption: that a bunch of kids has the knowledge, experience, and wisdom to change the world.

But the fact is, they don’t.

As Jordan Peterson puts it, you have children (and people below 24 are children) pontificating about politics, the environment, the economy. And yet, kids don’t — not even undergrad economics students — “know anything about the economy. It’s a massive complex machine beyond anyone’s understanding and you mess with at your peril. So can you even clean up your own room? No. Well you think about that. You should think about that, because if you can’t even clean up your own room, who the hell are you to give advice to the world?”

Ah, but weren’t national heroes young men (and women) when they changed their world?

But many of the US “Founding Fathers” (whose constitutional system we inherited) were (in 1776) grown men by 20: Alexander Hamilton and James Monroe, for example, politicked only after being hardened by war. And many already had families of their own.

Our own “Founding Fathers” were older: Apolinario Mabini started his revolutionary career at 29, Emilio Aguinaldo at 26, Bonifacio was 33 at Pugad Lawin, the Rizal of the Noli was a well-educated, well-traveled 26.

And then there’s this report (from the Mental Health Daily in 2018): “Although brain development is subject to significant individual variation, most experts suggest that the brain is fully developed by age 25.” Thus: “The fact that our brains aren’t developed until the mid 20s means that ‘legal adults’ (those age 18+) are allowed to make adult decisions, without fully mature brains. Someone who is 18 may make riskier decisions than someone in their mid-20s in part due to lack of experience, but primarily due to an underdeveloped brain.”

But wouldn’t activism widen a young student’s perspective and thus learn better? In today’s context: No.

Many student activists nowadays (as Courtney Martin, “The Problem With Youth Activism,” November 2007, describes it) are “surrounded by professors reminiscing about the glory days of youth activism.”

And most such professor inspired activism is irresponsible, as the great economist Thomas Sowell correctly puts it:

“By encouraging, or even requiring, students to take stands where they have neither the knowledge nor the intellectual training to seriously examine complex issues, teachers promote the expression of unsubstantiated opinions, the venting of uninformed emotions, and the habit of acting on those opinions and emotions, while ignoring or dismissing opposing views, without having either the intellectual equipment or the personal experience to weigh one view against another in any serious way.”

Take legal education, for example.

A well-known 2005 study by John O. McGinnis, Matthew Schwartz, and Benjamin Tisdell found that 94% of Stanford Law’s faculty contributed to Democratic candidates. This one-sidedness is hugely disconcerting.

At the “elite” level, the same could arguably be said of Philippine law schools. At least undeniable is that the portion of the Philippine legal community deeming themselves as secular “progressives” or “radical” activists is unabashedly noisier.

For such politicized universities, students are dictated and manipulated at precisely the time their thoughts are still developing, to adopt hate and cynicism as default mindsets.

Much of today’s so-called activism is simply an excuse for indoctrination, with no room for opposing, traditional, or conservative thought.

The obvious problem with indoctrination is it makes students narrow-minded. And quite dull.

Or as John Henry Newman, who founded one of oldest universities in the world (the now University College Dublin) foresaw: “too often it happens that, in proportion to the narrowness of his knowledge, is, not his distrust of it, but the deep hold it has upon him, his absolute conviction of his own conclusions, and his positiveness in maintaining them. He has the obstinacy of the bigot, whom he scorns, without the bigot’s apology, that he has been taught, as he thinks, his doctrine is from heaven.”

And one sees that around us: for all the passion, technology, and information at the youth’s disposal, even the most basic of student manifestos can make grown-up English grammarians break down and cry.

That such students could morph into unproductive or unemployable adults, lacking skills but possibly possessed of criminal records (as many student activists are susceptible to), is tragically conceivably real.

This is not to mean students should remain indifferent to injustices and other human wrongs. But there’s a time and place for everything.

And long experience confirms to us that the university years are better served learning not only about the world but also of oneself, that instigating positive change requires self-mastery.

So, parents we support you: rather than children programmed to “speak truth to power,” instead encourage them to love the power of truth.

 

Jemy Gatdula is a Senior Fellow of the Philippine Council for Foreign Relations and a Philippine Judicial Academy law lecturer for constitutional philosophy and jurisprudence.

https://www.facebook.com/jigatdula/

Twitter @jemygatdula

The Magsaysay Awardees — heroes in selfless service

The beloved and much admired president Ramon Magsaysay was a man of greatness of spirit who exemplified the highest type of democratic leadership. He has been an inspiration, a source of strength that gave confidence to people who care about the well being of their fellow citizens.

The Magsaysay Award is recognized as Asia’s premier prize and highest honor. It is conferred on individuals and organizations “whose contributions have enhanced this creative tradition of transformative leadership and selfless service to the peoples of Asia.”

At the 61st presentation ceremony, Ramon Magsaysay Foundation chairman Ambassador Jose L. Cuisia remarked, “We give the Magsaysay Award year after year, because what the Award honors is still there: Greatness of Spirit in selfless service to the peoples of Asia can still be discovered in each of the region’s countries.

“We all need good news, especially in these times of overwhelming conflict, disaster, social division, negativism and despair.

“By celebrating our awardees life work that is both significantly purposeful and is successfully improving lives, we encourage them to do more, and inspire others to emulate their example.

“We thank each of the year’s Magsaysay Awardees for creating quiet ripples of change in their societies — ripples that over time become a forceful groundswell of positive transformation in the lives of countless others.”

In the video The Power of Asian Solutions, Trustee Aurelio R. Montinola III said, “Since the Award was first presented 60 years ago, Asia has changed tremendously for the better. The awards have contributed significantly to its material progress, democratization, and advancements in human development particularly in eliminating the scourge of hunger, disease, and ignorance. Still, some of Asia’s seemingly intractable problems persist and millions of lives remain impoverished and vulnerable.

“We continue to search for solutions — efficient, affordable sustainable solutions.”

The Awardees have diverse stories but they all share values, character traits and leadership approaches.

Mr. Cuisia remarked, “All five reflect an uncompromising conviction about the fundamental dignity and potential of everyone, especially the ordinary, little or poor person… (They have) courage that has been tested… to push the limits of oppressive systems, to challenge widespread prejudice and to correct an unjust status quo.”

Kim Jong-Ki, from South Korea, has been working for 25 years to reduce teenage suicides. His quiet courage is transforming private grief into a mission to protect the youth from the scourge of bullying and violence — with the goal to instill the values of self-esteem and tolerance in South Korea.

Mr. Jong-Ki revealed, “As society becomes more industrialized and materialistic, school violence perpetrators and victims are getting younger. And with the Internet, incidents of cyber and sexual violence are on the rise. We have to gather our wisdom and efforts to protect our children… This work was my promise to my son. I took it as my destiny and mission from God.”

Ko Swe Win, from Myanmar, is editor-in-chief of an online newspaper who has been exposing hidden, painful, dangerous realities since 2015. In his response, he stated, “Journalism plays a crucial role — the kind of journalism that seeks the truth, that protects the fundamental rights of human beings, that is not colored by political and religious dogmas and, above all, that is driven not by animosities against anyone or any entity but by a great compassion for the most unfortunate communities an individuals in a society… in Asia.”

Ravish Kumar, from India, through his daily new program gives voice to the voiceless and speaks uncomfortable truth to power. He has been harassed and threatened but he has kept the faith with a journalism that puts service to the people at its center. The Foundation cited Mr. Kumar’s “Unfaltering commitment to a professional, ethical journalism of the highest standards; his moral courage in standing up for truth, integrity and independence.”

Angkhana Neelapaijit, from Thailand, sought justice for her human rights lawyer husband who was slain. She founded Justice for Peace Foundation, a network for human rights and peace advocates in southern Thailand.

In her response, she said, “My honor today… has shown the story of an ordinary woman’s struggle for justice, democracy and rule of law and this is a big change for women, for families and for the nation.”

Raymundo “Ryan” Cayabyab, from the Philippines, is the iconic musical artist, composer, performer, and teacher who has been shaping the country’s musical culture for four decades. A Philippine National Artist for Music, Mr. Cayabyab is a moving force in Original Pilipino Music (OPM) and has inspired Filipino popular music across generations, promoting young musical talents for the global stage. He wrote his first song at age 12 and that started his creative music-writing career.

When he started teaching at UP College of Music in Diliman, Mr. Cayabyab realized, “I would like to spend my life teaching music… to young musicians.

“Teaching can transform lives. I want everyone I teach to discover their maximum potential. I also want them to be better than me… to adopt the same vision to bring the entire music industry to new heights and hopefully to help the country move forward… My goal is to make the Filipino public aware that our original music is a living tradition the binding ‘glue’ that forms strengthens and positively moves the Filipino community.”

In 1962, Ramon Magsaysay awardee Mother Teresa (now Saint Teresa of Calcutta) eloquently said, “Sometimes we feel that the good that we do is just a drop in the ocean. But the ocean would be less without that one drop.”

Congratulations to the amazing awardees who have shown the richness of human spirit, the courage to take personal steps for the common good.

 

Maria Victoria Rufino is an artist, writer and businesswoman. She is president and executive producer of Maverick Productions.

mavrufino@gmail.com

Import-laden Governors’ Cup fires off today at MOA Arena

By Michael Angelo S. Murillo
Senior Reporter

THE SEASON-ENDING Philippine Basketball Association Governors’ Cup fires off today with a double-header set at the Mall of Asia Arena in Pasay City.

An import-laden tournament with a height limit of 6’5” for reinforcements, teams will have to go through a single-round elimination in the tournament with the top eight teams advancing to the next round and the last four automatically eliminated.

In the quarterfinals, the top four teams have a twice-to-beat advantage over their lower-seeded opponents while the semifinals will be a best-of-five affair.

The finals will be a best-of-seven engagement.

Kicking things off is the match between the Alaska Aces and Columbian Dyip at 4:30 p.m. and Northport Batang Pier against the Rain or Shine Elasto Painters at 7:00 in the evening.

The Aces come into the tournament with a new coach and a couple of new players acquired by way of trade during the in-between conference break.

Jeff Cariaso now handles the Alaska team, replacing Alex Compton who was the Aces’ head bench tactician in the past five years.

The coaching job is the second stint for Mr. Cariaso, who coached the Barangay Ginebra San Miguel Kings in 2014.

“[It’s] Truly a blessing to elevate into this level of leadership. I am honored for the opportunity and genuinely humbled as I face the challenge,” said Mr. Cariaso, who played part of his highly successful PBA playing career with the Aces, upon assuming the head-coaching duties for Alaska.

New faces on the Alaska camp are guard Maverick Ahanmisi and rookie big man Abu Tratter.

Reinforcing the Aces in the tournament is Justin Watts who played at the University of North Carolina in college and was part of the champion Tar Heels squad in 2009.

Testing the new-look Aces first is Columbian, which is welcoming back in its fold rookie guard CJ Perez, who had an impressive stint with Gilas Pilipinas in the recently concluded FIBA World Cup in China.

The Dyip, who finished 11th in the Commissioner’s Cup, will be reinforced by Khapri Alston, a product of Midwestern State University in Texas.

Also playing for Columbian now are Lervyn Flores and Joseph Gabayni, whom the team acquired in a recent trade with Northport.

NORTHPORT VS. RAIN OR SHINE
Meanwhile in the second game, Northport returns from a spirited campaign in the previous conference where it finished second at the end of the elimination round before bowing to eventual champions San Miguel Beermen in the quarterfinals.

Rookie guard Robert Bolick returns from his Gilas stint in the World Cup to steer the Batang Pier, who got Jerramy King and Russell Escoto in their trade with Columbian.

Northport import is Mychal Ammons, who played for South Alabama in college and was a former import of the TNT KaTropa in the same conference in 2016.

Its opponent, Rain or Shine, for its part, finished in the Final Four in the Commissioner’s Cup and looks to go deeper this time around.

The Elasto Painters have an intact lineup, with Ping Exciminiano the lone new local player after being acquired in their trade with Alaska.

Rain or Shine has brought in former Star Hotshots import Joel Wright as import.

During his first PBA tour of duty Mr. Wright had averages of 28.4 points, 14.5 rebounds, 2.7 assists, 1.8 steals, and 1.4 blocks in the seven games.

‘Lethargic’ Lions book 12th win in a row

By Michael Angelo S. Murillo
Senior Reporter

EVEN on a bad day the San Beda Red Lions just would not lose in National Collegiate Athletic Association Season 95.

This after they topped the Jose Rizal University Heavy Bombers, 65-47, on Thursday for their 12th straight win despite their attack not in its usual fluid mode.

Struggled to get its true game going in the first two and a half quarters of the game, San Beda picked things up for the remainder of the contest to keep its clean state in the season intact.

It was a tight affair to begin the game as both teams did not budge in their push.

John Amores posted problems to the San Beda defense but still the latter managed to hold control on the hot shooting of Clint Doliguez to take a 21-17 lead at the end of the first 10 minutes.

In the second frame, things continued to be close, with the teams fighting to a knotted count of 24-all by the five-minute mark.

The Bombers though would have a stronger finish heading into the break than the Lions, outscoring the latter, 7-3, to take a 31-27 advantage at halftime.

Calvin Oftana and James Canlas jolted the San Beda attack to begin the third quarter.

The Lions tied the score at 36-all with 5:12 to go in the quarter.

Amores and Agem Miranda kept the Bombers afloat with timely baskets to help their team to stay on top, 42-39, at the 3:17 mark.

San Beda though was not to be denied of a charge back as it sprinted to the end of the quarter with a four-point cushion, 47-43.

Finally found their groove, the Lions picked up where they left off in the third to begin the final canto.They opened things with a 9-0 run in the first four minutes to build a 56-43 advantage.

The run proved to be telling as the Bombers were not able to recover from it.

JRU would only score four points after that as it saw San Beda run away with the win.

Canlas led the Lions with 18 points and seven rebounds followed by Oftana with 12 points.

Evan Nelle finished with 11 points and four assists while Donald Tankoua added 10 for San Beda, which next faces the streaking San Sebastian Stags.

For JRU it was Miranda who top-scored with 14 points with Amores finishing with 11.

“Again consistency both offensively and defensively we have to address that. The players really have to wake up. But still I give credit to the boys for stepping up the way they did in the second half,” said San Beda coach Boyet Fernandez after their win.

Tweaked Philippine SuperLiga Invitational Conference rolls off on Sept. 24

ACTION in the Philippine SuperLiga resumes on Sept. 24 with the start of the Invitational Conference.

Adjusted to give way to the country’s hosting of the 30th Southeast Asian Games later this year, the Invitational Tournament, which like other PSL tournaments usually runs for two months, has been compressed to just three weeks with 10 playing dates.

In the tweaked schedule, the eight teams competing will be divided into two pools for the eliminations with the top four teams figuring in the semifinals — #1 versus #4 and #2 against #3 — heading to the one-game championship duel.

The eight competing teams are the Cignal HD Spikers, Foton Tornadoes, PLDT Power Hitters and Sta. Lucia Lady Realtors in Group A, and defending champion and newly crowned All-Filipino titlists F2 Logistics Cargo Movers, Petron Blaze Spikers, Generika-Ayala Lifesavers and Marinerang Pilipina Skippers in Group B.

“We need to finish the Invitational before November because by that time, focus will be on our country’s hosting of the SEA Games,” said Dr. Ian Laurel, PSL president, of the biennial event scheduled from Nov. 30 to Dec. 11.

Mr. Laurel was at the Philippine Sportswriters Association Forum on Tuesday, joined by representatives from the different teams, as they talked about the upcoming PSL tournament and their involvement in the SEA Games.

But despite being a short tournament than usual, Mr. Laurel assured PSL fans that the Invitational Conference will be an exciting one since the teams are out to finish their season on a high.

“Even if it’s a short tournament, I’m sure these teams want to end their year by winning this crown,” Mr. Laurel said at the forum held at the Amelie Hotel Manila.

The PSL also went on to reiterate that the PSL is committed to supporting the SEA Games and the national team competing in it.

They are doing it by hosting several tournaments in the lead-up to the Games where the Philippine team can sharpen its game.

The PSL, Mr. Laurel said, will host the second leg of the Southeast Asian Grand Prix on Oct. 4 to 6 where teams from Vietnam and Thailand, among others, will see action in Sta. Rosa. Laguna. The Philippine team is in Thailand for the first leg of the Grand Prix from Sept. 20 to 22.

To give the Philippine team a final tune-up for the SEA Games, the PSL will also stage the Super Cup on Nov. 5, 7 and 9 where the nationals will be pitted against a university team from Japan and two selections made up of PSL players.

ESPN5 will air all matches of the Invitational Conference on Tuesdays, Thursdays, and Saturdays, as well as the SEA Grand Prix and the PSL Super Cup. — Michael Angelo S. Murillo

Top cops blamed for illicit drug trade inside jails

ROGUE COPS recycled illegal drugs after kidnapping Chinese drug lords for ransom in an illicit business that leads all the way to the Philippines’ national jail and several regional police offices, according to a former police general.

High ranking officials from the Criminal Investigation and Detection Group (CIDG), National Capital Region Police Office and Police Regional Office 3 were involved, former CIDG chief Benjamin B. Magalong yesterday told senators investigating corruption in the country’s prison system.

“All roads practically lead to the New Bilibid Prison,” the retired police director, now mayor of Baguio City, said at a Senate hearing.

“They peddle drugs recovered through legitimate police operations,” Mr. Magalong told the Senate justice committee. “Part of their modus operandi is to arrest Chinese drug traffickers and seize illegal drugs.”

Mr. Magalong named the high-ranking officials involved in the illegal drug trade at a closed-door meeting with several senators. Many of these officials are still active, he told reporters later.

Still, he said rogue cops in the illegal drug trade has decreased under the administration of President Rodrigo R. Duterte.

The mayor said a part of the seized drugs would be legally declared, while a “sizeable amount” would be kept in a safe house and later distributed, some to inmates in the national jail in Muntinlupa City.

Meanwhile, the Justice department said none of the prisoners illegally released for good conduct have left the country.

The agency has put the 1,914 convicts of heinous crimes under immigration lookout to check whether they have left the country, Justice Undersecretary Markk L. Perete said in a mobile-phone message.

Mr. Duterte has said convicts who fail to surrender by Sept. 19 will be hunted down “dead or alive.”

The president earlier fire Bureau of Corrections chief Nicanor E. Faeldon for allowing the release of ineligible convicts. Mr. Perete said 1,304 convicts have surrendered.

Justice Secretary Menardo I. Guevarra has said convicts who failed to surrender woul be re-arrested without a warrant.

He also said recomputation of the good conduct time allowance (GCTA) has started after the DoJ and the DILG signed the revised rules implementing the law on early release.

The rules disqualify convicts of heinous crimes including murder, rape, destructive arson, parricide, kidnapping, serious illegal detention, and violations of certain provisions in the Dangerous Drugs Act from early release.

The Ombudsman has suspended at least 30 prison officials for alleged corruption. — Charmaine A. Tadalan and Vann Marlo M. Villegas

Ceres stretches lead at the top of PFL race

By Michael Angelo S. Murillo
Senior Reporter

DEFENDING Philippines Football League champion Ceres-Negros FC stretched its lead at the top of the ongoing league race after beating rival Kaya FC-Iloilo, 2-0, on Wednesday at the Biñan Football Stadium in Laguna.

Gaining the full three points with the win, Ceres, now with 46 points from a record of 15 wins and a draw put itself in even stronger position to repeat as champion with its lead now at nine points over second–running Kaya (12-1-3) at 37 points.

Mike Ott and OJ Porteria provided the goals for the “Busmen” in a match not short in drama with both teams ending the match with just 10 men.

Mr. Ott put Ceres ahead in the 15th minute when he found the bottom of the net off a pass from teammate Porteria.

Mr. Porteria then doubled their lead in the 30th minute with a well-struck solo effort into the far post.

The match saw red cards handed out to Jordan Mintah of Kaya and Super Herrera of Ceres after a rough collision in the middle of the pitch before the break.

Kaya tried to make up for the deficit in the second half but Ceres held tough, not allowing any comeback to happen on its way to the win, which was the third in as many games this season over Kaya.

Should Ceres-Negros win four of its remaining games in the tournament, it will be awarded an unprecedented third straight league title.

While they are happy to be in commanding position, Ceres is not getting ahead of itself and instead is going game by game until it reaches its goal.

“[It’s] Still too early to talk about the title. We’re going game by game so it’s a big win for us. We beat our direct opponent for the title and it’s very, very important but we need to continue. We have seven games more. We have to win four games to be sure that we are champions again,” said Ceres coach Risto Vidakovic postgame.

He went on to give credit to his players for playing the way they did from start to finish.

“I want to congratulate my players. They played really good today and they gave everything. We controlled the game from the first minute until the end,” the Ceres coach said.

For Kaya, the defeat stung because it poured called water on its push to narrow the gap in the standings and make the race tighter with Ceres.

But the team vowed to move on and learn from the defeat even as it tries to make the most of what it has in its control.

“I think my players really tried their best,” a disappointed Kaya coach Noel Marcaida said after the match.

“This game really showed Ceres’ strength in their clinical finishing. I only recall maybe three chances for them in the whole game, and they converted two. You can really see the disappointment in the players. All we can do now is focus on finishing strong in the league, starting with the two games we have in Iloilo coming up,” he added.

PHL women’s volleyball team battles Indonesia in ASEAN GP

By John Bryan Ulanday

THE Philippine women’s national volleyball team finally gets to test the waters in an official tournament when it battles against three other countries in the historic ASEAN Grand Prix today at the Terminal 21 Mall in Nakhon Ratchasima, Thailand.

Fresh from a 12-day training camp in Bangkok that included scrimmages against Thailand national team and Japan ball club, the Nationals try to apply the lessons they have learned in their first real test against Indonesia at 3 p.m. (Manila time) as part of their build-up to the upcoming 30th Southeast Asian Games (SEAG) hosting later this year.

“We learned a lot from the training camp, every match we felt that we are getting better. Conditioning-wise and skills, we are good,” said head coach Shaq Delos Santos who is joined by Larong Volleyball sa Pilipinas, Inc., (LVPI) president Joey Romasanta and secretary general Ariel Paredes in the Rebisco-backed team’s Thailand trip.

The Nationals, however, will be playing without ace hitter Alyssa Valdez who suffered an unfortunate ankle injury just before her departure to Thailand to join her teammates.

Still, Mr. Delos Santos is confident on his skillful wards for the ASEAN GP with the presence of enough seasoned volleyball players like skipper Aby Marano, Ces Molina, Aiza Maizo-Pontillas and Jovelyn Gonzaga.

“These are mostly veteran players. They can make do with what’s given. We will do our best under the circumstance,” added Delos Santos as the Nationals also take on Thailand and Vietnam over the weekend.

Out to provide added firepower to the shorthanded Nationals is the Fil-Am scoring sensation Kalei Mau coming from a rewarding championship and MVP season with F2 Logistics in the Philippine SuperLiga All-Filipino tourney.

Ms. Mau will be joined in a collective Philippine women volleyball team effort by Mylene Paat and Eya Laure together with middle blockers Majoy Baron, Roselyn Doria and Maddie Madayag.

Also in the mix in the team to provide a tough floor defense are liberos Kath Arado and Dawn Macandili as well as facilitators and setters Jia Morado and Alohi Robins-Hardy.

This ASEAN GP, which is the first ever volleyball event in the Southeast Asian region history, will have a second leg to be hosted by the Philippines on Oct. 4 to 6 in Sta. Rosa, Laguna.

Authorities arrest hundreds of Chinese for cybercrimes

ABOUT 600 allegedly illegal Chinese workers have been arrested in the Philippines in less than a week after Beijing’s call for a crackdown on online gambling.

About 324 undocumented Chinese nationals will be deported after being apprehended on Monday in the western Palawan province for alleged cybercrimes, the Iimmigration bureau said in a statement on Tuesday.

The agency earlier said it arrested 277 Chinese nationals on Wednesday for allegedly conducting illegal online operations in Pasig City.

Those arrested were wanted for fraud and investment scams in China, the Immigration bureau said, citing information from Chinese authorities.

Last month, China urged the Philippines to crack down on online casino operations catering mostly to Chinese nationals.

Philippine President Rodrigo R. Duterte has said he would not ban the billion-peso industry despite Beijing’s opposition because it benefits the Southeast Asian nation.

Albay Rep. Joey S. Salceda on Wednesday said the ways and means committee, which he heads, will hold hearings on the risks of Philippine offshore gaming operators (POGOs) and decide whether they should stay in the country.

The congressman was asked to comment on China’s request for the Philippines to ban online casino operations in the country.

He noted that these are legal under the franchise of the Philippine Amusement and Gaming Corp. (Pagcor).

The Finance department has threatened to shut down operators found evading withholding income taxes from their workers.

The agency has issued 130 letter-notices to operators with P21.62 billion in tax liabilities, it said.

The Philippine gaming regulator has said it won’t halt existing online casinos but will stop accepting applications for new licenses at least until the end of the year to review concerns about the burgeoning sector.

More than 50 Philippine offshore gaming operators have received licenses since 2016, and the industry employs about 138,000 workers, most of them from China. Revenue from the offshore gaming industry is projected to reach P9 billion this year, according to the Philippine gaming regulator.

China has no authority to force the Philippines to ban online gambling involving Chinese nationals as part of its effort to crack down on a practice that supposedly causes illegal outflow of money, Philippine Ambassador to China Jose Santiago L. Sta. Romana said earlier — with Bloomberg