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Philippines presses for non-tariff barriers’ removal at ASEAN meeting

THE PHILIPPINES raised the need to review and eliminate trade-inhibiting non-tariff barriers (NTBs) at a recent meeting of Association of Southeast Asian Nation (ASEAN) ministers, the trade department said.

“NTBs make it more difficult and costly to trade. As a representative of the Philippines, I said NTBs affect both agricultural and industrial goods,” Trade Secretary Ramon M. Lopez said in a statement Thursday.

Among the affected Philippine agricultural segments Mr. Lopez cited are horticultural products, bananas, tobacco, fishery products, meat, young coconut, seed, poultry, and swine feed.

Affected industrial goods include electronics, pharmaceutical products, cosmetics, apparel, and footwear.

”Some of these Philippine products have difficulty entering some markets because of high tariffs and strict import requirements,” he added.

Customs surcharges, technical measures and product characteristic requirements and monopolistic measures are among the NTBs affecting the top-traded products in the region, as ASEAN had identified in the 1990s.

The ministers’ meeting, according to the Department of Trade and Industry (DTI), also World Trade Organization (WTO) issues particularly on rule making, transparency and monitoring, and dispute settlement.

The ministers were “unified in recognizing the need to fill the vacancies in the WTO’s Appellate Body, which hears appeals from disputes among WTO members,” it said.

The seven-member body currently has three members, two of whom will vacate their posts this year.

“Since the pillar of the multilateral trading system is the dispute settlement mechanism, we underscored the need to immediately start the process of filling up the vacancies,” the DTI added.

Two agreements were signed on the sidelines of the ministers’ meeting.

The first was the ASEAN Trade in Services Agreement, which “provides the mandate for countries to transition towards a negative list approach for even deeper integration in the future,” the ASEAN Secretariat said in a statement on April 23.

The second agreement is the Fourth Protocol to Amend the ASEAN Comprehensive Investment Agreement. — Janina C. Lim

MORE tourism via PSA liberalization

The Philippines’ tourism sector is among the more dynamic ones in the economy. The Department of Tourism (DoT) targeted 89.2 million domestic tourists in 2022 but this was already surpassed in 2017 with 97 million.

I checked tourism data from the Philippine Statistics Authority (PSA) and I was happily surprised with what I discovered — all indicators like foreign and domestic tourism expenditures as percent of household consumption and exports, tourism employment as percent of total employment, are increasing from 2000 to 2017 (see table).

Philippines’ tourism indicators

Those are the good news. The bad news is that recently the country has been experiencing some hiccups in public utilities — insufficient water in Metro Manila due to high demand, insufficient power supply in the Luzon grid due to unscheduled shutdown of several old but big power plants, and even short-period unscheduled disservice by one local telecom firm.

These are bad news for both locals and foreigners, especially short-term visitors. And this prompted the Senate leadership to announce prioritizing the amendment of the 82-year-old Public Service Act (PSA) via SB 1754, when Congress resumes sessions for three weeks after the May elections. The Senate Committee on Public Services is chaired by Sen. Grace Poe, currently running for reelection.

Both the House and Senate versions intend to remove transportation (sea, land, air) and telecommunications from the list of “public utilities” where foreign capital is either banned or limited to 40% maximum of corporate equity. Only three sectors will be retained as public utilities — electricity transmission, electricity distribution, and water supply and sewerage system.

While there is general agreement in Congress and the public to liberalize transportation (more bus lines, more shipping lines, more airlines competing), there are many doubts and reservations about liberalizing telecom because of the entry of China telecom via the third telco Mislatel.

A compromise solution perhaps is to drop telecom for now and proceed with transportation liberalization as this will greatly help boost the country’s tourism and investment environment. More competing shipping lines and airlines will attract more businesses and passengers into the country.

trip

This compromise may not be easy because Malacañang is gung-ho about becoming much closer to Beijing. So Malacañang will settle this issue quick with the Senate leadership as time is too short to enact the PSA Amendment bill into a law.

After the PSA Amendment and liberalization law, next steps would be to have more airports, build bigger airports with two or more passenger terminals to include budget terminals and attract more budget airlines, domestic and foreign. Have more big and new conventional power plants that can give stable, 24/7 electricity at competitive prices, more wide roads going to airports, improved peace and order nationwide.

 

Bienvenido S. Oplas, Jr. is the president of Minimal Government Thinkers

minimalgovernment@gmail.com

Jesus under a pink moon

The Fallacy of relative privation (sometimes known as “appeal to worse problems”) is the tact of dismissing an argument or position by declaring there are graver or more important problems elsewhere. This statement is made regardless of whether those problems bear relevance to the actual argument or position first made.

People who knock down the Pro-Life movement continuously make use of this ridiculous fallacy: why focus on saving the unborn when there are poor starving children out there who need help more?

Same thing was said for Notre Dame. Even while the monetary pledges were coming in to restore the burnt structure, social media bores came out in full force trying to guilt people as to why such money is being spent on an inanimate object when there are poor starving children out there?

Basically, it’s all about poor starving children.

But the argument is a strawman: that trying to solve one problem does not mean uncaring for other problems. It also wrongfully asserts that no problem is worth solving unless it’s the worst possible problem ever.

Factually, social media also misled.

Initial memes asked why money is being spent on Notre Dame when Yemen and — again — starving children need it more.

But Yemen already had $3 billion in donations for 2018, that’s $250 million a month, at $8 million a day. In 2017 it was $1.1 billion; for 2019, it will be $4 billion. Yet politics, corruption, and local warlords ensure that the Yemenis starve.

Then the memes shifted to Puerto Rico, with secularists hoping to capitalize on the relative underfunding its calamity victims received. But the underfunding was due to “donor fatigue,” amongst other many reasons, for which this column will not dwell on.

And yet, even then, Puerto Rico got $16 billion in Federal aid for Hurricane Maria, on top of $21 billion in Federal aid for welfare. This does not include private donations.

However, as with Yemen, aid has been hampered by corruption or incompetence from within Puerto Rico itself.

In any event, back to Notre Dame: it’s someone else’s private money. It’s not tax funds where you can demand, through an established political constitutional system, how the money is to be spent. For the private wealth of others, it’s abhorrent for one to presume to dictate how that money is spent.

Also, that money is not being dumped into a hole from which a new cathedral will magically grow. The so far pledged US$1 billion will go to builders, contractors, and workers (and their families) as compensation for their labor and talent.

Frankly, this penchant for knocking down or insulting what everyone else is into is tiresome. Be it Game of Thrones, Notre Dame, and even the Holy Week. Give it a rest, lame-o’s.

There’s a time and place for everything. Let people have their fun or faith. In this world of relative truths and varying narratives, commonness is a good thing.

That’s why coming off the Holy Week, all Filipinos of good faith should deeply consider that to:

Stand up for Church teaching on homosexuality does not make you homophobic;

Defend marriage and the traditional family does not make you unsophisticated or naive;

Stand for your religious beliefs does not make you ignorant or medieval;

Declare that science has admitted limits and is incapable of completely expressing or explaining reality does not make you uneducated;

Stand with our military and police and the rule of law against communist or leftist agitators, secessionists, and criminals does not make you a fascist;

Believe that universities are a place where faculty and students and anyone of diverse and opposing views and beliefs can interact peacefully, with openness and tolerance, does not make you apathetic;

Stand for sovereignty and rule of law regarding our territory and the rights of our fellow Filipinos does not make you xenophobic;

Advocate for individual self-responsibility, accountability, and independence does not make you uncaring;

Demand justice and that laws be fulfilled does not make you unforgiving; and

Stand for capitalism and the free market does not make you greedy.

If someone says or implies any of that, don’t be cowered into silence. Counter their insults and ad hominem with even more truths. Be relentless with the truth. Put down their feelings and emotion with facts and reason. And — equally important — have fun doing so!

Take that as your right and duty.

People should say to liberal progressives: enough of your grim and ugly view of the world.

And tell them what Raylan Givens once said: “If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day, you’re the asshole.”

 

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.

jemygatdula@yahoo.com

www.jemygatdula.blogspot.com

facebook.com/jemy.gatdula

Twitter @jemygatdula

Its Achilles’ heel

Why the seeming change in the Duterte regime’s response to Chinese aggression in the West Philippine Sea? Is it because it fears that mass opposition to its refusal to do anything to stop Chinese bullying could affect the chances of its candidates at both the national and local levels on May 13?

President Rodrigo Duterte initiated the seeming about-face some three weeks ago by telling his Chinese benefactors to stay away from Pag-Asa island. The Department of Foreign Affairs (DFA) followed that up with a declaration that the “swarm” of Chinese sea craft around that part of Palawan was totally unacceptable to the Philippines. Both assumed the validity of the United Nations arbitration tribunal’s declaration that the areas in and around the Spratlys are the Philippines’ exclusive economic zone and part of its continental shelf. Mr. Duterte’s spokesperson did in fact say, for the first time, that anyone in the administration has ever done so, that the current regime respects the UN decision.

These statements are in sharp contrast to what they were saying only some four weeks ago. Whenever anyone suggested that the regime do something about China’s illegal occupation and militarization of the West Philippine Sea, Mr. Duterte, his spokesperson and the DFA had previously chorused that the Philippines can’t win a war with that country — period, discussion over.

That the Philippines can’t win a war against China is true. But it is also misleading. The country certainly can’t rely on its armed forces — “my soldiers,” as Mr. Duterte refers to them as if they were his property — to defend it. Established by the US colonial regime at the turn of the 20th century to hunt down the remnants of the Katipunan, the Philippine armed services have since remained internal pacification forces charged with protecting the rule of the oligarchy and its foreign accomplices. Their expertise is keeping social unrest at bay rather than defending the country from external foes. They failed to stop the Japanese invasion during World War II. But they did manage 25 years later to keep Ferdinand Marcos in power for over two decades by, among other foul means, abducting, torturing and murdering protesting Filipinos in his behalf. There is no evidence to show that they’re doing things differently today.

No, with armed force like these, the Philippines can’t win a war with any country in Asia, least of all with China.

But Mr. Duterte and company are nevertheless misleading Filipinos and the rest of the world when they make it appear as if the only alternative to supine silence before China’s incursions is to go to war with it. The reality is that there are other options, among them protesting before the UN and international courts. But if the Duterte regime were more imaginative — and really committed to the defense of Philippine sovereignty — it could also rally world opinion to the Philippine side by using the huge budget of the government media system to so convince the international community of the extent of Chinese lawlessness that it would be led to condemn and isolate it politically. The over P200 million budget with which Mr. Duterte has endowed the Presidential Communications Operations Office (PCOO) is instead being squandered on defending him, his family and his cronies from criticism, attacking the independent press, overpaying its top-heavy bureaucracy, and going on junkets disguised as “press freedom caravans” across Europe and the Philippines.

In much of Africa and Asia, China’s use of the debt trap and gunboat diplomacy to advance its economic and military interests has been widely exposed. Rallying world opinion in support of the Philippines shouldn’t be difficult, given that global context.

But only reluctantly is the Duterte regime trying to make itself seem concerned about Philippine interests. Its foreign affairs secretary only recently dismissed protests over Chinese fishermen’s harvesting clams in the Philippines’ Exclusive Economic Zone because what is involved is “just food,” which so starkly reveals his and the regime he serves’ insensitivity not only to the plight of Filipino fisherfolk who are being robbed of their catch and prevented by Chinese coast guard cutters from accessing their fishing grounds, but also to the poachers’ and their government’s destruction of the marine environment.

Neither have regime candidates for the Senate or even local posts taken the cue from their Malacañang bosses. They have remained silent about the issue, just as they have evaded discussing their position on such other concerns as the extrajudicial killings and human rights violations that have put the Philippines in the list of the most dangerous countries on the planet. Mr. Duterte’s equally clueless supporters, the keyboard armies under government pay, and at least one actor past his prime, have also continued to propagate the “it’s-either-war-or-subservience” narrative.

For whatever they’re worth, the results of all the public opinion surveys suggest that, as in past elections, much of the electorate will cast their votes on the basis of name recall, who can best dance and sing and make stupid jokes, and in total ignorance of the issues. Neither the regime attacks on the independent press, the extrajudicial killings in the course of the drug “war” that have targeted the poor, Mr. Duterte’s call to rob and kill bishops and his insulting Catholics and God Himself, and his misogyny, nor the exponential growth of his and his family’s wealth seem to have mattered. The lawlessness, threats and violence that are the regime response to protest and criticism that it is threatening to impose on the entire country by savaging the bill of rights provisions of the 1987 Constitution have not had much of an impact on most voters’ declared choices for May 13 either. If we can believe them, the survey results say they will still vote for those responsible for the country’s accelerated descent to barbarism and unreason, as well as for plunderers, flagrant liars, and the morally and intellectually challenged.

Mr. Duterte and his online trolls, the government media system under his control, and the police and military’s campaigning for regime candidates and against the opposition have not made the May 13 elections any better. But it is ironically also the regime that could help make a difference in the coming elections, and it has to do with its China policy.

The more focused opposition candidates have correctly concentrated on human rights issues. But what has seemed to have resonated most among the electorate is the quite obvious and undisguised sell-out of Philippine interests to the Chinese behemoth. It is not only evident in the regime’s silence over China’s military occupation of the West Philippine Sea, but includes its throwing the country’s doors open to illegal Chinese workers, its getting into loan and other agreements that are disadvantageous to the Philippines, and its tolerance of the growing community of Chinese workers who behave like a conquering horde endowed with huge salaries, posh residences, and even their own shops and restaurants from which Filipinos are excluded.

Equally relevant, however, is most Filipinos’ pro-US sentiments, against which Mr. Duterte’s Sinophilia and loudly proclaimed though hollow anti-Americanism are in collision course. Those sentiments are being reinforced by the brazenness of Chinese incursions and making the US look like everyone’s preferred overlord. It’s the devil we know versus the devil we don’t.

Because of the climate of fear generated by regime repression, Filipino outrage is largely concealed but nevertheless simmering and likely to find expression on May 13 regardless of the surveys — the current results of which could be misleadingly transient. The Chinese connection is the regime’s most vulnerable point, its Achilles’ heel.

 

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

www.luisteodoro.com

National Heritage Month: 15 years

“Leaders for Heritage,” Mga Pinuno para sa Pamana, is the theme of National Heritage Month. The Filipino Heritage Festival, Inc. (FHFI) in partnership with the National Commission for Culture and the Arts (NCCA) presents the month-long cultural festival in various parts of the country.

It highlights to the Filipino people a new awareness of age-old traditions, cultural practices, song, dance and centuries-old architectural wonders.

Proclamation No. 439 by President Gloria Macapagal Arroyo declared May as National Heritage Month. The kick-off of National Heritage Month celebration is on May 2 at St. Matthias Parish Church Tumauini, Isabela.

There are numerous programs and activities: exhibitions, performing arts, and the Youth Forum on understanding Heritage in six provinces to promote awareness of the contributions and achievements of our leaders.

The highlighted events are:

May 4: Film: Gumising Ka Maruja, directed by Lino Brocka, at the Tanghalang Manuel Conde (Dream Theater) of the Cultural Center of the Philippines (CCP).

May 9: Exhibit: “Hundred Women: Hundred Ways of Life” featuring “Women as Cultural Keepers” will open at the CCP on May 9, Pasilyo Vicente Manansala (2F Hallway Gallery). It will precede the gala show Himig ng Bayan, the much-awaited cultural production and tribute to the National Artists for Music.

H.E. President Rodrigo Roa Duterte sent his greetings to the FHFI: “Music is an integral part of our identity as a nation It tells the compelling narrative of our history and culture, transcending generations and defining our character as a people.

“I join you in celebration and thanksgiving as we honor the legacy of our distinguished National Artists for Music. May their achievements inspire future visionaries to relentlessly pursue excellence and remain dedicated towards their creative endeavors.”

The NCCA Chairman, a National Artist for Literature, remarked, “Bilang bahagi ng pagdiriwang ng Buwan ng Pamana o National Heritage Month tuwing Mayo, hatid ng Filipino Heritage Festival Inc. ang Himig ng Bayan. Sa natatanging konsiyerto lalahukan ng mga koro at mang-aawit ng bansa, ating mapakikinggan ang mag awiting isinatitik o di kaya’y inawit bilang pagpupugay sa himig at husay ng mga obrang likha ng mga Pambansang Alagad ng Sining para sa Musika — mga yaman at pamanang ating dapat itangi.

Bilang pangunahing ahensiya para sa sining at kultura, tinitiyak ng Komisyon and patuloy napagtataguyod sa mga awiting pamana sa atin, mga awiting salamin ng ating mga adhika at pagkamalikhain, mga awiting nagbibigay dangal at himig sa ating pagka-Filipino.”

(In celebration of the National Heritage Month every month of May, the Filipino Heritage Festival, Inc. (FHFI) presents, “Himig ng Bayan,” in a unique concert participated in by outstanding artists of the country. This is a time to listen to the music with lyrics or songs sag as a salute to the tunes and prowess of masterpieces done by the National Artists for Music — the treasures of heritage that ought to be preserved.)

(As lead agency, the National Commission for Culture and the Arts (NCCA) continuously ensures the promotion and preservation of music that mirrors the ambitions and creativity, songs that provide honor and pride in being Filipino.)

The Philippine Philharmonic Orchestra will interpret the National Artists’ musical compositions. Associate Conductor Maestro Herminigildo Ranera will conduct the PPO. Show direction is by actor, writer, director and producer (in theater and cinema) Dennis Marasigan. The all star performers are: Philippine Madrigal Singers, soprano Rachelle Gerodias, Coke Bolipata, Cristani Rebada, Himig Sanghaya Chorale and Danspace Ballet School.

FHFI produced the gala show in partnership with National Commission for Culture and the Arts, CCP and Philippines Amusement and Gaming Corporation (PAGCOR). Sponsors: National Museum, Federation of Filipino-Chinese Chambers of Commerce and Industry, Security Bank, FUJIFILM Philippines, Metropolitan Museum of Manila, SM Malls, The Podium, Lucky Chinatown Mall. Media Partner: BusinessWorld

May 23 to July 30: Exhibit: “Forms and Forces: Structures of Social Engagement” Collaborative works by National Artists Leandro V. Locsin and Idelfonso P. Santos Jr. Metropolitan Museum of Manila Galeriya Bangko Sentral ng Pilipinas

May 27-30: Heritage Pilgrimage Tour — Bohol

May 31: “Harana sa Dapit Hapon No. 13,” a concert of traditional Filipino Music — Kundiman, Harana, Balitaw and Danza. Presented by Danny Dolor and Tribong Pilipino Foundation. SOLEDAD- Brgy Antipolo del Norte, Lipa City, Batangas

Congratulations to FHFI on its 15th anniversary!

For more information/inquiries: info@heritagefestival.ph heritagemonth@yahoo.com.ph. www.heritagefestival.ph

 

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

mavrufino@gmail.com

Working for a brighter future in Asia

By Tomoko Nishimoto

WITH NEARLY two decades of strong economic growth, the world’s highest employment ratios and lowest unemployment rates, massive technological innovation, some say “Asia is the future” or even “The future is Asia.” But what will this future look like for the three billion Asians of working age (15+)?

Globalization, new technologies, shifting demographics, climate change, and labor mobility are the forces at play as the region continues on its path to prosperity. The unprecedented speed and scale of changes is exponentially affecting how, where and when we work, do business and make a living. The demand for some jobs is changing, other jobs are disappearing and many occupations will not resemble what they used to.

Most debates on the “future of work” leave us with the impression that the core issue concerning labour markets relates to the nature and portability of workforce skills. And indeed building an agile workforce for the future is a very important part of the future of work transformation. But innovation on its own cannot create decent jobs for all, nor generate inclusive growth.

Despite the region’s success in economic growth, despite its technological advances, still far too many workers are left struggling in or near poverty. According to the latest data of the International Labour Organization (ILO), in 2018, still nearly one in two workers in the ASEAN region (47 percent) was toiling in vulnerable employment — either self-employed or in unpaid family work. Still, one in five workers (20 percent) was working but living below the poverty line. Still, two in three workers were in informal employment. Millions of workers feel insecure about whether they will have any means of earning an income next year, let alone benefiting from a pension in their retirement.

Where will the jobs of the future come from and what will they look like? What’s in store for young people? What skills will be needed? Will automation lead to job losses? For some, these questions bring more anxiety than hope.

In many Asian countries, workers from labor intensive sectors find the opportunity to earn some income in the digital gig economy, as a Grab/Uber driver for example. Such labor platforms offer opportunities to earn money, but at what costs? Long working hours, low wages, no security, increasing competition. Asia — as the rest of the world — is still grappling with the regulations of digital labor platforms.

In January, the ILO’s Global Commission on the Future of Work issued a report* outlining a human-centered agenda for the future of work. The agenda includes a set of measures based on three pillars of action; first, to invest in people’s capacities while closing gender gaps and ensuring universal access to social protection; second, to increase investments in the institutions of work as the building blocks of a just society; and third, to increase investment in key areas of decent and sustainable work such as care work and green jobs.

The report reminds us that — regardless of where the future of work takes us, regardless of what and how many jobs are created, lost or impacted — we have the power to choose wisely to put in place the policies that will drive the future of work that we want.

Faced with the challenges of aging, globalization, digitalization, displacement, etc., we have the power to put in place the mechanisms that will help workers and employers to re-skill, find work, change occupation or create jobs.

Faced with labor shortages as societies and workforces age, we have the power to strengthen our active labor market policies to promote inclusive workplaces and overcome each and every barrier that is keeping women, youth, migrant, or any disadvantaged worker behind. It is up to us to ensure universal access to effective health care systems so that workers can be as healthy and productive as possible, to make sure that social protection systems are fully functioning and serving to stabilize household income levels and ease the burden of economic shocks. It is up to us to implement and enforce strong occupational health and safety regulations so that work hours are not lost due to occupational injuries or worker burnout.

New technologies are spreading, climate change is an accelerating reality, societies are aging but our future world of work is not yet pre-determined. Our challenge — and our responsibility — is to adopt and apply local, national and regional policies to build a smarter, fairer and sustainable future of work for all.

 

Tomoko Nishimoto is Assistant Director-General of the International Labour Organization (ILO) and Regional Director for Asia and the Pacific.

Peso rebounds ahead of US economic growth report

THE PESO recovered against the dollar on Thursday amid profit taking ahead of the release of first-quarter US economic growth data.

The local currency ended at P52.14 against the greenback yesterday, nine centavos higher than its finish of P52.23 in Wednesday’s session.

The local unit traded in a wide range, opening the session at P52.32 against the greenback, while its intraday low was at P52.36. The peso’s strongest print for the day was tallied at P52.13 a dollar.

Trading volume thinned to $961 million from the $1.373 billion that switched hands the previous day.

Traders interviewed yesterday said the peso appreciated as market participants opted to take profits amid expectations of weaker US gross domestic product (GDP) growth for the first quarter.

“The expectation is for a slower print so it’s quite bad for the dollar,” a trader said in a phone interview.

US economic growth data will be released on Friday.

Meanwhile, Rizal Commercial Banking Corp. economist Michael L. Ricafort said the peso corrected versus the US currency.

“The peso was still among its three-week highs amid continued net foreign buying at the local stock market recently, at +$0.9 million today,” Mr. Ricafort said in a text message.

He added that the peso was also stronger after a “slight decline” in global oil prices as well as some depreciation in the benchmark bond yields in the US and other developed countries.

For today, the first trader expects the peso to move between P52 and P52.30 versus the dollar, while Mr. Ricafort gave a P51.90-P52.20 range.

Meanwhile, strong gains in the dollar weighed on most other Asian currencies.

The dollar index which measures the greenback versus a basket of six major peers, rose to as high as 98.189 overnight, its highest level since May 2017, largely propelled by upbeat US economic data and the euro’s weakness. — KANV with Reuters

Stocks extend rally as index heavyweights climb

By Arra B. Francia, Senior Reporter

THE MAIN INDEX firmed up on Thursday lifted by new highs recorded by index heavyweights.

The benchmark Philippine Stock Exchange index (PSEi) climbed 0.6% or 47.46 points to 7,894.45 yesterday, extending gains seen in the previous session. The broader all-shares index likewise rose 0.44% or 21.61 points to 4,867.66.

“The PSEi had another good day as it closed 47.46 points just a few points shy from the 7,900 mark at 7,894.45. Heavyweights ALI (Ayala Land, Inc.) and SMPH (SM Prime Holdings, Inc.) reaching new highs led the index’s move,” Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said in an e-mail.

Shares in ALI jumped 3.13% to P49.50 each as investors cheered ALI’s announcement Wednesday that it plans to place some of its office assets in Makati under a real estate investment trust (REIT). The property developer looks to raise $500 million from what would be the country’s first REIT listing.

Meanwhile, shares in SMPH gained 2% to P40.80 apiece. The Sy-led firm recently said it plans to put up its eighth mall in China this year worth P4 billion.

“Market for the last day of the week should take its cues from these heavyweights if they continue their upward push. US markets would also be something to watch out for,” Mr. Perez said.

Regina Capital Development Corp. Head of Sales Luis A. Limlingan noted how the PSEi was in sideways motion yesterday.

“Shares traded sideways most of the day before settling in the green as investors focused on big names overseas — Facebook and Microsoft reported better-than-expected earnings after markets,” Mr. Limlingan said in a mobile phone message.

Sectoral indices were once again equally split between advancers and decliners. The property counter jumped 2.16% or 91.73 points to close at 4,321.29, followed by services which inched up 0.62% or 9.88 points to 1,587.31. Financials increased 0.52% or 9.14 points to 1,740.73.

In contrast, mining and oil slumped 0.66% or 52 points to 7,818.96. Holding firms shed 0.41% or 31.75 points to 7,554.35, while industrials slipped 0.11% or 13.38 points to 11,445.20.

Some 743.97 million issues valued at P6.53 billion switched hands, lower than Wednesday’s P8.10 billion.

Advancers slightly outpaced decliners, 96 to 92, while 57 names were unchanged.

Foreign investors remained net buyers, although at a lower figure of P48.86 million compared to the previous session’s P1.85 billion.

The PSEi bucked the negative performance seen overseas. The Dow Jones Industrial Average went down 0.22% or 59.34 points to 26,597.05. The S&P 500 index dipped 0.22% or 6.43 points to 2,927.25, while the Nasdaq Composite index fell 0.23% or 18.81 points to 8,102.02.

Asian shares also ended mixed after Wall Street’s retreat.

Palace warns trash may spoil ties with Canada

By Arjay L. Balinbin, Reporter

MALACAÑANG on Thursday said the 70 years of diplomatic relations between Canada and the Philippines may come “to naught” if Canada fails to act immediately on President Rodrigo R. Duterte’s demand to pull out its trash shipped to the Philippines some five years ago.

The Palace also criticized the “vague” and “inappropriate” statement issued by the Embassy of Canada in Manila on Wednesday following Mr. Duterte’s remarks on Tuesday threatening to declare war on Canada.

For his part, Defense Secretary Delfin N. Lorenzana said in a message to reporters on Wednesday night that Mr. Duterte’s remarks were just a “figure of speech…to dramatize his extreme displeasure.”

“But if it were me, I would run after the importer of those garbage,” Mr. Lorenzana added.

Presidential Spokesperson Salvador S. Panelo, in a statement on Thursday, said: “The Palace acknowledges Canada’s quick but vague statement in relation to PRRD’s April 23 remarks on the waste issue. We take note that its response is not appropriate to the strong statement we made against its throwing its garbage to our land.”

He added that the Philippine government’s stand against Canada’s “making our country a garbage bin of their waste is non-negotiable.”

“It cannot dilly-dally on its getting them back. It must retrieve them pronto or we throw them back to its shores.”

“Its offensive act cannot be countenanced and any further discussion on the matter is unwelcome and unnecessary. Not only has it not taken any decisive action on this arrant (sic) hostile demeanor, it has not likewise expressed regrets thereto,” Mr. Panelo said further.

The spokesman also said “the seventy years of diplomatic relations between the two countries will be put to naught if Canada will not act with dispatch and finality (on) the resolution of this undiplomatic episode to which we take outrage.”

“That it even considered performing such outlandish disposal of its garbage to an ally is dangerously disruptive of our bilateral relations,” he noted.

In a statement last Wednesday, the Canadian embassy in Manila said its government is “strongly committed to collaborating” with the Philippines “to resolve this issue and is aware of the court decision ordering the importer to ship the material back to Canada.”

The embassy also said “a joint technical working group, consisting of officials from both countries, is examining the full spectrum of issues related to the removal of the waste with a view to a timely resolution.”

For his part, Defense Spokesperson Arsenio R. Andolong said in a phone patch interview, “(I)t is indeed ironic that they (Canada) harp (on) human rights yet they have no regard for the environment especially if it’s someone else’s backyard.” — with Vince Angelo C. Ferreras

19 OFWs out of Libya

By Charmaine A. Tadalan, Reporter

A TOTAL of 19 overseas Filipino workers (OFWs) have been repatriated from conflict-affected areas in Libya, according to the Philippine Embassy in Tripoli.

The most recent evacuation by the Embassy, in coordination with the Department of Foreign Affairs (DFA) and the Department of Labor and Employment involved eight Filipinos.

“This morning, the Philippine Embassy in Tripoli evacuated eight more Filipinos who decided to accept its offer to bring them home,” the Embassy reported in a social media post Thursday.

“This brings to 19 the total number of Filipinos repatriated so far,” it added.

Chargé d’ Affaires (CDA) Elmer G. Cato said the eight Filipinos are already en route to the Philippines. “They will be boarding their flight to Manila in a few hours,” he said in a separate post, Thursday.

The group included warehouse worker Roland Torres, who was wounded by a rocket explosion in front of his apartment, in a residential area where over 200 Filipinos are staying.

The Embassy said it has sought families in the Philippines to convince their relatives in Libya to submit to its repatriation offer.

The DFA on Wednesday also appealed to more than 1,000 Filipinos in Tripoli to “have themselves repatriated after another Filipino was wounded in intense fighting outside the Libyan capital.”

“In addition to online appeals to telephone calls, the Embassy said CDA Cato and Labor Attache Adam Musa are visiting Filipinos in their work places to convince them to request repatriation before the situation in Tripoli further deteriorates,” Foreign Affairs Assistant Secretary Emmanuel R. Fernandez said in a statement Wednesday.

Times on editor’s quitting: ‘He was asked to do so’

By Vann Marlo M. Villegas, Reporter

THE MANILA TIMES, in a statement on Thursday, disputed a social-media post by its managing editor that he resigned from the newspaper on Wednesday.

“I have resigned from the Manila Times, effective 24 April 2019. I would like to thank Klink Ang, president and CEO, for the opportunity,” Times managing editor Felipe F. Salvosa II said on his private Facebook account on Thursday, referring to Dante “Klink” Ang II. Times on Monday published as banner story the article of its Chairman Emeritus Dante A. Ang, linking journalists and news organizations to an alleged plot to oust President Rodrigo R. Duterte.

That Monday, Mr. Salvosa wrote on Facebook, “A diagram is by no means an evidence of ‘destabilization’ or an ‘ouster plot.’ It is a very huge stretch for anyone to accuse PCIJ, Vera Files, and Rappler of actively plotting to unseat the President. I know people in these news organizations and they are not coup plotters.”

In its statement, the Times said, “The Manila Times wishes to set the record straight regarding the recent departure of Mr. Felipe Salvosa from this publication as managing editor.”

The newspaper also said: “First, Mr. Salvosa did not resign; he was asked to do so. He was quoted as such in some reports, but the other publications have twisted that fact to smear the reputation of his former employer.”

“He behaved unethically when he posted a statement on social media without first notifying or clarifying with our Chairman Emeritus, Dr. Dante A. Ang, the issues that he had with the story ‘Oust-Duterte plot bared,’ written by the owner himself.”

“Mr. Salvosa did not object to the story to our Chairman Emeritus, nor did the former managing editor suggest ways of rewriting or handling the piece,” the newspaper pointed out further.

The Times also stood by Mr. Ang’s story, saying “the oust-plot story was not a PR piece. It was a legitimate news item.”

The Times said further: “As was explained to Mr. Salvosa, our Chairman Emeritus had a credible source — no less than the Office of the President of the Philippines. Mr. Salvosa was also informed that our Chairman Emeritus did his own background check, using several sources, before submitting his draft for editing. There was also an effort to solicit a reaction from at least one of the names mentioned, but that could not be secured as of press time on Sunday.”

In a related development, the National Union of People’s Lawyers (NUPL), which was also linked to the alleged ouster plot, filed a manifestation on Wednesday seeking protection from the Supreme Court (SC).

In its eight-page manifestation, NUPL described the allegations against the group as “dangerous claims.”

“These malicious statements and dangerous claims, as well as the contrived ‘matrix’ above, baseless and reckless as they are, compel the Petitioners to again seek at this time for the Honorable Court’s protection and reiterate their prayer for a temporary protection order,” NUPL said.

“The continued vilification, harassment and threats to the life, security and liberty of the petitioners must stop now. We ask Your Honors to stand by your lawyers,” the group also said.

Sought for comment on The Manila Times’ statement, Mr. Salvosa said in a text message late Thursday: “Their statement stands for itself, let the readers judge it. I thank The Times for the opportunity of working for Asia’s oldest English-language daily.”

Pulse Asia survey: 14 party-list groups to get House seats in next Congress

By Vince Angelo C. Ferreras, Reporter

FOURTEEN (14) out of 134 party-list groups accredited by the Commission on Elections could get seats in the next Congress, according to a new Pulse Asia survey.

The 14 groups secured two-percent voter preference, with Bayan Muna, known to be critical of President Rodrigo R. Duterte, topping the survey with 8.50% voter preference.

Magsasaka landed at the second spot with 6.45% voter support, followed by Gabriela (also critical of Mr. Duterte) with 6.04% preference rating.

Ako Bicol was in fourth place with voter support of 4.72%. Its representative Rodel M. Batocabe was assassinated last December in Daraga, Albay.

A Teacher Party-list was at fifth spot with 4.58% voter preference.

The other groups that have a chance of gaining seats in the House of Representatives are Senior Citizens, Buhay, Akbayan, Amin, An Waray, Kalinga, Anakpawis, Cibac, and Angkla.

Further, the Pulse Asia survey noted that 74 percent have heard, read, or watched something about the party-list system.

Awareness is more marked in Metro Manila (74%), the rest of Luzon (79%), and Mindanao (77%), than in Visayas (57%).

Awareness was also higher in Class ABC (86%) than Class E (62%).

The noncommissioned survey was conducted from March 23 to 27 through face-to-face interviews with 1,800 respondents. It has an error margin of ± 2.3% at the 95% confidence level, ± 6.5% in Metro Manila, ±3.5% for the rest of Luzon, ± 5.3% in Visayas, and ± 4.7% in Mindanao.