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German railroads should thank Greta Thunberg

By Leonid Bershidsky

THE UPSHOT of a much-publicized Twitter altercation between climate activist Greta Thunberg and Germany’s state-owned rail operator, Deutsche Bahn: Train companies aren’t really ready for an increasing number of passengers who want to fly less to minimize their carbon footprint.

On Saturday, Thunberg tweeted a picture of herself sitting on the floor in a train vestibule, next to a pile of luggage. “Traveling on overcrowded trains through Germany,” she wrote. “And I’m finally on my way home!”

Deutsche Bahn came back with a snarky response, thanking Thunberg for supporting the railroad’s climate effort and riding “with 100% clean energy” but adding, “It would be even better if you would also report on the friendly and competent service you were receiving from our team in your first-class seat.”

That counterpunch, remarkable for its very un-German use of private information, quickly backfired. As Thunberg explained, the train she was supposed to take from Basel in Switzerland had been taken off the schedule, so she ended up sitting on the floor on two different trains until reaching Goettingen, about 340 miles away. “This is no problem of course and I never said it was,” she wrote. “Overcrowded trains is a great sign because it means the demand for train travel is high.”

By then, of course, the whole thing had gone viral. German TV was analyzing Thunberg’s route using a map. A columnist for Bild showed his solidarity with the company, calling the photo “a set-up.” “Greta without a seat is our own Greta: she can’t get a seat just like us,” he went on. “But I have one final question: How real is Greta?”

That’s the wrong question to ask here. It makes more sense to ask how a first-class passenger ends up traveling on the floor for such a long stretch — and having to change trains in the process. To add insult to injury, the train on which Thunberg did get a seat in first class was behind schedule on Dec. 14.

Boston Consulting Group’s European Railway Performance Index, calculated in 2017, put German railroads in Tier 1 by intensity of use, punctuality, service, and safety; according to the firm’s criteria, they ranked fourth in Europe. But things appear to be getting worse at Deutsche Bahn. In 2017, 78.5% of German long-distance trains arrived on time; in 2018, that share was down to 74.9%. It’s even lower this year.

Regional and local trains are more punctual, so Deutsche Bahn’s overall statistics are better: 98.4% of trains arrive within five minutes of their scheduled time. But it’s on long trips that punctuality matters the most: When one misses a connection, the rest of the trip can get unpredictably long and uncomfortable. It’s often impossible under these circumstances to get even a Greta-style floor seat.

The reasons for this decline are unsurprising. Deutsche Bahn faces personnel shortages, an aging fleet of engines and cars, and infrastructure that’s in growing need of repair. According to one recent analysis, Germany’s per-capita investment in railroads last year was only 21% as high as in Switzerland, which has the best rail network in Europe. It was lower by one-third than in the UK. Meanwhile, the use of railroads in Germany is increasing.

People get used to good service, so when it gets worse, they tend to be bitterly disappointed. As a result, Germans are less satisfied with the punctuality and reliability of rail travel than people in many countries where trains are on time less often.

Making rail travel a more attractive alternative to flying features prominently in the German government’s climate policies. Deutsche Bahn stands to receive $118 billion between 2020 and 2030 in various forms of government aid, including a lower value-added tax on tickets (a cut that the company promises to pass on to passengers in full) and investments in infrastructure.

The company has Thunberg to thank for much of that stunning windfall. Her popularity among young people has made counteracting climate change a higher priority throughout the EU, but especially in Germany, where the traditional political parties have jealously watched the rise of the Greens to second place in the polls.

That alone should tell Deutsche Bahn to be nicer to Thunberg. The picture of a youth icon who has to sit on the floor of a train (and with a first-class ticket to boot) isn’t a great advertisement for those passengers who want to switch from flying to taking the train. Even before that government money starts coming in, the German railroad operator needs to work harder on getting its act together.

 

BLOOMBERG OPINION

Stocks climb anew as investors hunt for bargains

LOCAL SHARES climbed on Tuesday as investors turned bargain hunters following positive global developments.

The benchmark Philippine Stock Exchange index (PSEi) rose 28.85 points or 0.37% to close at 7,730.45 on Tuesday. The broader all shares index was flat with a 1.17-point or 0.02% increase to 4,583.06.

“We saw a minor bounce today after yesterday’s dismal performance. Support remains at 7,700 however, we may see it end below this level for the week,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail on Tuesday.

Despite the gain, he said the local bourse “remains completely out of sync with bigger markets as the sentiment here keeps investors on the sidelines.”

“Investors may have already lost hope that we would see any end-of-year window dressing,” Mr. Mangun added.

For Timson Securities, Inc. Trader Darren T. Pangan, the increase in the main index was caused by “last minute bargain hunting after (Monday’s) loss of 2.23%.”

“Investor sentiment may have remained positive as a continuation of optimism regarding the recent US-China trade agreement reports, despite the lack of details currently disclosed. Better-than-expected economic reports from China yesterday may have also kept market sentiment positive,” he said in a text message on Tuesday.

Investors on Wall Street were bullish during Monday’s trading, as the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite indices jumped 0.36%, 0.71% and 0.91%, respectively.

Most Asian markets also went up on Tuesday: Japan’s Nikkei 225 and Topix indices added 0.47% and 0.59%, respectively. Hong Kong’s Hang Seng index, China’s Shanghai SE Composite index and South Korea’s Kospi index likewise advanced 1.22%, 1.27% and 1.27%, respectively.

Sectoral indices at the PSE were divided among gainers and losers. Services rose 23.50 points or 1.56% to 1,528.09; industrials climbed by 42.54 points or 0.44% to 9,583.34; and holding firms added 21.41 points or 0.28% to 7,470.79.

Meanwhile, mining and oil went down 77.35 points or 1.01% to 7,527.96; financials gave up 8.24 points or 0.44% to 1,850.13; and property lost 12.67 points or 0.30% to 4,089.28.

Value turnover on Tuesday stood at P10.37 billion with 2.71 billion issues changing hands, up from Monday’s P6.23 billion with 483.74 million issues.

Stocks that fell outnumbered those that rose, 138 against 51, while 52 names ended unchanged.

Foreigners remained sellers on Tuesday, even as the net outflow was trimmed to P536.04 million from Monday’s P983.42 million.

Most Southeast Asian stock markets also edged lower on Tuesday as investors avoided making big bets amid conflicting views from Washington and Beijing on the interim trade deal announced last week.

The White House and Beijing have been locked in a 17-month trade war. — Denise A. Valdez with Reuters

Peso strengthens on US-China trade talks

THE PESO climbed against the dollar amid hints of positive developments in the US-China trade talks.

The local unit finished trading at P50.58 against the greenback on Tuesday, appreciating by 5.5 centavos from its P50.635-per-dollar close on Monday, according to data from the Bankers Association of the Philippines.

The peso opened the session at P50.60 versus the dollar. Its weakest showing was at P50.625, while its strongest was its close of P50.58 against the greenback.

Dollars traded went up to $670.14 million from $502 million on Monday.

Positive sentiment from trade deal developments was the major factor for the day’s foreign exchange movement, according to economists.

“The peso ended stronger primarily because of the trade deal positive sentiment. It is expected that markets will continue to build on the positive gains of the said phase 1 of the agreement,” UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion said in a text message.

“The peso exchange rate closed stronger…its strongest in more than a month amid continued positive reaction to the phase one US-China trade deal,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.

Reuters reported US National Economic Council Director Larry Kudlow had said that the phase one deal between the US and China has been “absolutely completed.”

“They’re…going to double our exports to China,” he said in an interview with Fox News Channel.

Asked if officials still planned to sign the deal the first week of January, Mr. Kudlow said: “That’s the hope.” Translations were still being worked out but he did not expect any changes to the final Phase One agreement, he added.

For today, both Mr. Asuncion and Mr. Ricafort expects the peso to move within P50.40-P50.70 against the dollar.

Meanwhile, the South Korean won firmed sharply on Tuesday, supported by easing trade tensions with Japan and strong demand for local chip stocks, while most other Asian currencies were subdued as investors sought clarity on the Sino-US trade deal. — LWTN with Reuters

Gov’t gears for Maoist attacks during holidays

THE government of President Rodrigo R. Duterte will tighten security in the metro after receiving intelligence information that Maoist rebels have activated their assassination arm to target state officials during the holidays.

In a statement, National Security Adviser Hermogenes C. Esperon, Jr. said he had received reports that the Communist Party of the Philippines and its armed wing New People’s Army have operationalized their so-called special partisan units to conduct assassination and terrorist activities in urban areas.

Earlier this month, Interior Secretary Eduardo M. Año said a cease-fire with Maoist rebels was unlikely to happen this holiday season.

On Sunday, the military and Defense department said they would tighten security against communist rebels, who remained a public threat. The military has said it won’t recommend a cease-fire.

“The communist-terrorist group has issued an order launching operations to assassinate people who do not submit to their will as they mark their 51st year of existence and terrorism on Dec. 26,” Mr. Esperon said.

“Our law enforcement and security forces have been advised to take appropriate countermeasures against this sinister threat to general peace and order,” he added.

This comes after a cop and two civilians were killed in an ambush by suspected Maoist rebels in Borongan, Eastern Samar on Friday. Fifteen others were hurt, including a one-year-old child.

“Because of the success of the government’s programs to counter the communist-terrorist groups, they are growing more desperate to stem the tide and cling to whatever dwindling influence they have left,” Mr. Esperon said.

“It is incumbent upon all Filipinos to unite and ensure the safety of our loved ones and communities, especially this Christmas and as we welcome the New Year,” he added.

Mr. Esperon advised the public to remain vigilant and report any suspicious individuals to the authorities. The Communist Party had yet to respond to the national security adviser’s statement.

Mr. Duterte on Dec. 6 said he would send an agent to talk to Maoist leader Jose Maria C. Sison in the Netherlands in a bid to resume peace talks.

He said he would send Labor Secretary Silvestre H. Bello III, who led the government panel on peace talks with Maoist rebels. The panel was dissolved in March.

Mr. Esperon is the vice chairman of the National Task Force to End Local Communist Armed Conflict. — Gillian M. Cortez

Agents arrest 15 Chinese pimps, rescue 17 women

GOVERNMENT agents arrested 15 Chinese nationals in separate raids for pimping their fellowmen, the National Bureau of Investigation (NBI) said in a statement on Tuesday.

The suspects underwent inquest proceedings for violating Republic Act 9208 or the Anti-Trafficking in Persons Act of 2003, said Joel M. Tovera, chief of the NBI’s Anti-Organized and Transnational Crime Division.

NBI agents arrested three Chinese nationals on Dec. 11 after being tipped that Chinese female prostitutes were being booked in a hotel in Las Piñas City. They rescued 12 prostitution victims during the raid.

The agents arrested 12 more Chinese suspects in a subsequent raid of a three-story apartment also in Las Piñas, the NBI said. They rescued five more Chinese women who were being pimped via telegram, it said.

Mr. Tovera said the prostitution syndicates operate systematically, offering clients rates of P6,000 to P18,000. The second syndicate earned P400,000 to P500,000 daily, he said.

Prostitution is one of the offshoots of Philippine Online Gaming Operations involving Chinese nationals, NBI Deputy Director Ferdinand M. Lavin said at a briefing. “Most if not all of the clients are Chinese,” he added.

Mr. Lavin also said the NBI had met with high-level Chinese representatives last week to discuss how Chinese crime syndicates operating in the Philippines can be crushed.

The Chinese government, is “very much interested” in helping authorities go after the Chinese mafia involved in prostitution, kidnapping and illegal online gambling operations in the Philippines, Mr. Lavin said.

Both governments are in close coordination to track down Chinese mafia members and will share information, he said. — Vann Marlo M. Villegas

P54M worth of smuggled sugar seized at Manila port

SHIPMENTS from China containing P54 million worth of sugar, misdeclared as steel and other hardware items, were seized at the Port of Manila, the Bureau of Customs (BoC) reported on Tuesday. In a statement, BoC said the sacks of sugar, labeled as Korach-conditioned Refined Sugar, were inside 48 containers that arrived on various dates within August to September. In November, an alert was raised for the shipments consigned to RZTREC and TRACLEF Trading. Following physical inspection, Warrants of Seizure and Detention were issued for violations of the Customs Modernization and Tariff Act as well as the Anti-Agricultural Smuggling Act of 2016. The BoC reported that for the year 2019, the Port of Manila has seized P314.506 million worth of misdeclared goods, 17.28% higher than the P268.161 million in 2018.

LRT-1 extended operations until Dec. 31; LRT-2 cuts trips on Dec. 24, 31

LIGHT RAIL Manila Corporation (LRMC) will maintain its extended operating hours for the LRT-1, which started Dec. 11, until the end of the month. In a social media post, the company announced the LRT-1’s new last train schedule would be 11:00 p.m. from Baclaran and 11:15 p.m. from Roosevelt from Monday to Saturday, and 9:30 p.m. from Baclaran and 11:45 from Roosevelt on Sundays. Trips from both stations start at 4:30 Monday-Sunday.

LRT 2
On the other hand, the government-run Light Rail Transit Authority announced that LRT-2 will have reduced operating hours on Dec. 24 and Dec. 31 “in anticipation of a significant decline in ridership and to allow our station/security personnel to celebrate Christmas and New Year’s Eve with their families.” The LRT-2 runs between Recto and Santolan. LRT-2’s last train schedule would be:

– Dec. 24, Cubao (Westbound): 8:00 p.m.;

Recto (Eastbound): 8:00 p.m.

– Dec. 31: Cubao (Westbound): 7:30 p.m.;

Recto (Eastbound): 7:30 p.m.

MRT-3
Meanwhile, the Manila Metro Rail Transit System Line-3 also made its own announcement in social media regarding its holiday schedules, as follows:

— North Avenue Station

Dec. 16, 17, 18, 19, 20, 23, 26 and 27 (first train: 4:40 a.m.; last train: 9:10 p.m.)

Dec. 21, 22, 28, 29, and 30 (first train: 4:40 a.m.;

last train: 9:10 p.m.)

Dec. 24 and 31 (first train: 4:40 a.m.; last train: 7:45 p.m.)

Dec. 25 (first train: 6:30 a.m.; last train: 9:10 p.m.)

— Taft Avenue Station

Dec. 16, 17, 18, 19, 20, 23, 26 and 27 (first train: 5:41 a.m.; last train: 10:11 p.m.)

Dec. 21, 22, 28, 29, and 30 (first train: 5:37 a.m.;

last train: 10:11 p.m.)

Dec. 24 and 31 (first train: 5:37 a.m.; last train: 8:42 p.m.)

Dec. 25 (first train: 6:30 a.m.; 10:11 p.m.)

— North Avenue Station

Jan 1 (first train: 6:30 a.m.; last train: 9:10 p.m.)

Jan. 2 and 3 (first train: 4:40 a.m.; last train: 9:10 p.m.)

— Taft Avenue Station

Jan 1 (first train: 6:30 a.m.; last train: 10:11 p.m.)

Jan. 2 and 3 (first train: 5:41 a.m.; last train: 10:11 p.m.)

— Arjay L. Balinbin

Iloilo airport to enhance communications system further in emergency situations

THE ILOILO International Airport tested its response time, preparedness, and interoperability in handling a bomb explosion incident through a full-scale simulation exercise over the weekend. Manuela Luisa F. Palma, acting airport manager, said the drill showed huge improvement in the airport’s communication capabilities. “We have made improvements especially in the communication aspect. The last time we conducted this activity we had few lapses so for this one we have improved on it,” she said. One of the evaluators of the drill, Aletha A. Nogra of the Office of Civil Defense-Western Visayas, said the Civil Aviation Authority of the Philippines (CAAP)-Iloilo, which manages the airport, complied with the requirements for the activation of the emergency operations center. Ms. Nogra added that small improvements can still be made for a more efficient and effective operations of the airport, particularly on its radio communication and interoperability. “All in all, successful. But there were some recommendations, particularly in enhancing the radio communications inside CAAP and interoperability of the extended hospital for the patients,” she said. The airport is required to conduct a full-scale drill every two years as a certified aerodrome. “Iloilo airport is a certified aerodrome and as an aerodrome, we are required to conduct drills. This is also to test the interoperability of the various agencies who help us when it comes to possible incidents that may happen in the airport,” Ms. Palma said. The Iloilo airport is located in the town of Cabatuan, about 30 kilometers from Iloilo City. According to Ms. Palma, the airport accommodates around 3,400 to 4,000 inbound and outbound passengers every day with an average of 31 average flights. It was voted among Asia’s 20 best airports, taking the 18th spot, in the 2019 survey of airport guide and resource site sleeping in airport. — Emme Rose S. Santiagudo

Dec. 15 earthquake death toll rises to 8

THE DEATH toll from Sunday’s magnitude 6.9 earthquake in southern Mindanao has reached eight, and response teams have shifted from rescue operations to retrieval efforts with no more sign of life detected at the collapsed building in Padada town, the tremor’s epicenter. Franz N. Irag, designated information officer of the Office of Civil Defense (OCD)–Davao Region, told BusinessWorld the third casualty pulled out of the collapsed building on Monday has been confirmed to be the woman who sent a mobile text message on Sunday saying she and several others are trapped. Of the seven, three are from the building, and one each in the towns of Matanao, Hagonoy, Bansalan and Magsaysay in Davao del Sur province, and Malita, Davao Occidental.

The casualties include a six-year old girl and a 10-year old boy.

RETRIEVAL
Senior Supt. Fred L. Trajeras Jr., Bureau of Fire Protection-Davao regional director and one of the leaders of the rescue operations, said responders have started shifting to retrieval operations in the collapsed commercial building as their equipment have not monitored any sign of life. Philippine Coast Guard K9 Unit teams have also been deployed for “life search and detection” operations. In a press conference, Mr. Trajeras said there have also been no reports of persons missing. All employees of the commercial establishment have been accounted for. The retrieval activities, he said, will take time in consideration of the rescuers’ safety. “We have to protect the safety and welfare of our responders,” he said. As of Monday, 556 aftershocks have been recorded by the Philippine Institute of Volcanology and Seismology. — Carmelito Q. Francisco

Cagayan, Cordillera infra projects completed under P4.3-B JICA-DENR forestland program

INFRASTRUCTURE projects worth P86 million under the 9.244 billion yen (about P4.3 billion) Forestland Management Project (FMP) of the Japan International Cooperation Agency (JICA) and the Department of Environment and Natural Resources (DENR) have been completed, JICA reported on Tuesday. In a statement, JICA said the projects that were recently turned over to local government units include bridge, roads, and irrigation facilities in Nueva Vizcaya and Quirino provinces in Cagayan Valley, and Ifugao in the Cordillera Administrative Region (CAR). The JICA-DENR 10-year program aims to protect 71,300 hectares of forests in the country’s watershed areas, including the Jalaur Watershed in Iloilo, Upper Magat and Cagayan River Basins, and Pampanga River Basin. “The agroforestry infrastructure support like roads and bridges are meant to support the livelihood activities of the people’s organizations (POs) in the project areas. Likewise, JICA will continue to support the training of POs so they can manage their enterprises and keep their organizations viable,” JICA Philippines Senior Representative Yo Ebisawa said in a statement. Aside from infrastructure, the FMP, which is scheduled for completion by 2022, also provides training and enterprise development support to some 149 POs.

More than half in Bangsamoro poor — SWS

MORE than half or 59% of families in the newly established Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) think they are poor, compared with 53% in Mindanao and 42% for the entire country, according to the latest poll by the Social Weather Stations (SWS).

“The rest of Mindanao typically also fares poorly on the human development index,” SWS said in a statement, adding that five other five regions join the Bangsamoro in being among the seven poorest regions in the country.

Self-rated poverty in the rest of Mindanao, for which SWS doubled its sample to 600 in the September poll, is closer to the Bangsamoro than to the country as a whole, it added.

Bangsamoro respondents were much more likely to be in informal employment — 62% of respondents were self-employed but not in a formally registered job compared with 34% nationwide and 36% in Mindanao areas outside Bangsamoro.

Bangsamoro looks much the same as the rest of the country as far as changes in personal quality of life, SWS said.

As has been the case since late 2014, those who feel their lives improved — termed by SWS as gainers — in the past 12 months outnumbered those who feel their lives had worsened — termed as losers — and this is true of Bangsamoro areas.

Bangsamoro respondents were more satisfied with the performance of the National Government at an “excellent” +81 net satisfaction, compared with the “very good” overall Philippine net satisfaction of +67, SWS said.

Filipinos in Bangsamoro also gave President Rodrigo R. Duterte an “excellent” net performance rating of +90 compared with the national rating of +65 and Mindanao score of +74, according to the September poll.

SWS interviewed 1,800 adults for the poll, which had an error margin of ±2 points. — NPA

Kings and Batang Pier go for 2-1 series lead

By Michael Angelo S. Murillo
Senior Reporter

WITH their best-of-five Philippine Basketball Association Governors’ Cup semifinal series knotted at a game apiece, the Barangay Ginebra San Miguel Kings and Northport Batang Pier go for the pivotal 2-1 lead in Game Three today at 7 p.m. at the Smart Araneta Coliseum.

Forced after the Kings bounced back in Game Two with a 113-88 victory, the teams now try to go over the other to push themselves to a win away from moving to the Big Dance of the season-ending PBA tournament.

After coming out flat in the series opener on Dec. 14 that had it losing, 124-90, Barangay Ginebra made sure there would be no repeat of such, taking control of the second game right from the get-go and not allowing Northport to really get its game going.

Six players scored in double digits for the Kings in the rout, led by Stanley Pringle with 23 points.

LA Tenorio had 20 points and Greg Slaughter 16 while import Justin Brownlee had 15 points and 10 rebounds.

Scottie Thompson had 13 markers while Jeff Chan came off the bench to score 12.

The Kings were firing from all cyclinders from the start, scoring no less than 31 points in each of the first three quarters of Game Two.

They complemented it with solid defense that had them limiting the explosive Northport duo of import Michael Qualls and Christian Standhardinger to just 30 points combined on 34% shooting and 11 rebounds, down from their Game One output of 54 points on 42% clip and 30 boards.

Veteran Sean Anthony was steady for the Batang Pier, finishing with a double-double of 19 points, 11 rebounds and five assists, but his effort was not enough to tow his team over the in-their-element Kings.

“I thought we came out with a lot of playoff intensity which we did not have in the first game. We had better execution this time and know more what we wanted to do,” said Kings coach Tim Cone after Game Two.

“We are happy with this win but we expect Northport to bounce back and they are capable of that. And let’s see what happens in the next game,” he added.

Recognizing that they started out bad in Game Two, Mr. Anthony reiterated that they have to do better lest they find themselves receiving another drubbing at the hands of the Kings.

“We just started badly in this game and we cannot come out like that. We have to have a better start next time,” said the Batang Pier forward.

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