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Mintah scores 4 as Kaya FC–Iloilo dismantles Mendiola FC 1991, 5-1

KAYA FC–Iloilo made sure there was no repeat of last week’s stalemate against Mendiola FC 1991, putting in an assured performance en route to a 5-1 victory in Philippines Football League action at the Aboitiz Pitch on Wednesday. Jordan Mintah put in another outstanding shift for the hosts as he bagged four goals in the contest.

It took 15 minutes for Kaya to find the breakthrough. With a clever first touch, Shirmar Felongco cut inside from the right flank and fed Mr. Mintah, who was able to turn and fire into the net. He doubled the lead in similar fashion, but this time the assist came from the opposite flank through Jalsor Soriano.

Iloilo seemed set for smooth sailing but Ricardo Sendra pulled one back for the visitors with a low drive from the edge of the box. Mr. Mintah clipped the crossbar with a long-range chip as Kaya pushed for a third, but the score remained at 2-1 when the halftime whistle blew.

The Ghanaian forward, however, needed little time to pick up where he left off. Just seven minutes after the break, he rose highest to head in Jayson Panhay’s corner to complete his hat trick. Masanari Omura then headed in an almost identical Panhay corner to make it 4-1.

Kaya found a fifth goal roughly 10 minutes later. Substitute Yannick Tuason latched on to a ball over the top of the Mendiola defense and was brought down by the keeper. The resulting penalty was smashed in by Mr. Mintah to cap off the 5-1 victory.

Astros determined to crack Tampa Bay Rays’ pitching in series decider

HOUSTON — Rays right-hander Tyler Glasnow has been granted the clearance to work deep into Game 5 of this American League Division Series on Thursday.

But considering the success Tampa Bay has enjoyed throwing multiple arms at the favored Houston Astros, maintaining a committee approach might serve as the best course of action.

On the heels of a franchise-record 107 wins in the regular season, the Astros will face elimination in the decisive contest largely due to their inability to solve Rays pitching. After leading the majors in batting (.274), on-base (.352) and slugging percentage (.495) during the season, the Astros have slashed .241/.294/.391 in the ALDS, with their .685 OPS a whopping 163 points below their regular-season mark of .848.

Central to the Rays’ success has been their reliance upon bullpen depth. When Glasnow, who took the loss in Game 1, toes the rubber opposite Astros right-hander Gerrit Cole, he will do so knowing he has ample support at the ready.

The Astros are fully aware of this as well.

“They made it perfectly clear they weren’t going to let guys see a guy multiple times,” Astros manager AJ Hinch said of the Rays.

“And statistically, and from a competitive standpoint, that’s the way to go. If you really want to be the most effective, that’s the approach to go with. It’s hard to do that over 162, but in a five-game set, you’re seeing them play out their script about as well as they possibly could.

“It’s up to us to make the adjustments. We’ve seen these guys now. You can’t have it both ways. You can’t say it’s difficult on one guy seeing a guy over and over again, and on the flip side when you see a guy over and over again, you’ve got to find a way to put up good at-bats.”

Eight different pitchers have worked at least three innings for the Rays in the ALDS, four out of the bullpen. Right-handed relievers Chaz Roe (six outs recorded) and Emilio Pagan (five) also have logged more than an inning each, with the Rays outpacing Houston in the battle of individual matchups.

When Rays manager Kevin Cash opted for an opener in Game 4, his gambit paid dividends.

“I think it’s a combination (of stuff and talent),” Cash said of his relief corps. “Their stuff is really, really good. Now, saying that, I don’t know if you’re going to see two bigger contrasts from Diego Castillo to Ryan Yarbrough, and then you bring in Nick Anderson. There’s a lot of opposites in there.

“So it’s a combination of both. But (Game 4), probably that’s where the contrast really played a role. And you’ve probably got to have a little bit of that contrast to be fortunate enough to do what they did against as good as the Astros lineup is.”

Given the calamitous prospect of losing in the ALDS despite being favored to win the World Series, the Astros are under pressure to unlock the mystery of Rays pitching.

Having Cole, unbeaten over his last 23 starts, on the mound helps, and the Astros should be emboldened by playing at Minute Maid Park, where they set a franchise record for home wins (60) this season.

“We’re fine,” Astros second baseman Jose Altuve said. “The energy is up, the confidence, the chemistry is still really good. We’re talking about how good it’s going to be (in Game 5). We believe in ourself. We have great hitters. Like I always say, this is a team full of good players.

“And so we’re going to go out there and prove it (Thursday).”

Cole set a club postseason record with 15 strikeouts across 7 2/3 scoreless innings in a Game 2 victory. Entering the series, he had been 0-2 with a 3.51 ERA in four career starts against the Rays.

Glasnow allowed two runs on four hits across 4 1/3 innings in the Game 1 defeat. He won his only previous start against Houston, allowing one run on six hits over five innings on March 30. — Reuters

Humdinger

It didn’t take long for A.J. Hinch to publicly announce that Justin Verlander would be his Game Four starter. The body that was Game Three of the American League Division Series hadn’t even turned cold yet, but he felt he couldn’t take any chances. Not with the Rays, supposedly overmatched against aces, instead blitzing Zack Greinke for six runs on five hits in just three and two-thirds innings. The extension of the future Hall of Famer’s playoff woes forced the Astros manager to tap Justin Verlander in hopes of a repeat of their dominant win in the opener.

Again, Hinch didn’t want to take any chances. Yet, taking a chance is precisely what sending Verlander to the mound meant. For all the latter’s accomplishments, pitching on short rest after a full effort wasn’t one of them. In other words, it was a risk that looked to pay off spectacularly, or put the Astros in a bind if it didn’t. And, unfortunately, the worst-case scenario was precisely what unfolded; the 36-year-old right hander lasted just as long as Greinke before him, and when he was pulled from the mound, he had already allowed four runs off seven hits.

Before and after the loss, Verlander insisted that he felt great, and that blaming his woes on the quick turnaround time was “low-hanging fruit.” Yet, it was clear from the outset that he struggled with placement; half the four-seamers he threw were called for balls, and his lack of location accuracy compelled him to turn to his off-speed stuff. Which, as things developed, proved even more errant; the Rays got six hits from the 12 that were delivered. As he himself noted, his downfall was due to “bad slider, inconsistent control … The slider was the worst it’s been all year.”

True, the Astros remain favored to claim the series. For one thing, they have Gerrit Cole, who hasn’t lost a start in 23 outings. If there’s anything the annals of Major League Baseball have shown, however, it’s that anything can happen in a winner-take-all affair. And even if they do prevail, their rotation for the AL Championship Series is shot. Because Greinke underperformed anew. Because Hinch went for it. Because Verlander couldn’t pull off a first. And because the Rays capitalized on opportunities. The stage is set. A humdinger awaits.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and Human Resources management, corporate communications, and business development.

Shares rebound as US, China start negotiations

SHARES recovered in yesterday’s trading amid optimism on the results of the trade negotiations between United States and China.

The bellwether Philippine Stock Exchange index (PSEi) saw an increase of 1.09% or 83.78 points to close at 7,765.03 on Thursday, while the all shares index climbed 0.77% or 35.91 points to 4,691.90.

“Philippine shares rose on hopes of progress in US-China trade talks, though stocks pared some gains after Chinese officials said Beijing had lowered expectations for negotiations this week,” Luis A. Limlingan, head of sales at Regina Capital Development Corp., said in a mobile message.

“The strong rally tailed off towards the last 15 minutes of trade after preliminary talks on the deputy level yielded no result on the trade talk,” he added. “A limited agreement and no additional tariffs would be a modestly positive development for risk assets.”

Eagle Equities, Inc. Research Head Christopher John Mangun shared this sentiment, saying in an e-mail on Thursday: “They are set to meet later tonight to try and avoid a scheduled Oct. 15 tariff rate increase on $250 billion worth of Chinese goods. Beijing offered to increase soybean purchases as a peace offering ahead of the high-level trade talks which also gave investors some relief.”

The United States’ and China’s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world’s two largest economies threatened hopes for progress.

Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will seek to narrow differences enough to avoid a scheduled Oct. 15 tariff rate increase on $250 billion worth of Chinese goods.

Most Southeast Asian markets held steady on Thursday, as investors remained cautious as neither Washington nor Beijing had shown signs of giving ground at the trade negotiations.

US S&P 500 mini futures tumbled after media reports cited that no progress was made in the deputy-level trade talks, and that the Chinese delegation was planning to leave Washington on Thursday after just one day of high-level talks, instead of Friday as originally planned.

Back home, all sectoral indices ended in the green, led by financials which climbed 1.75% or 31.22 points to 1,812.05 and property which moved up 1.34% or 54.03 points to 4,073.45. Services rose 0.87% or 13.15 points to 1,512.11; industrials which improved 0.6% or 63.23 points to 10,586.56; holding firms added 0.49% or 37.31 points to 7,576.45; and mining and oil jumped 0.4% or 36.72 points to 9,109.74.

Value turnover ballooned to P14.46 billion yesterday from the P4.80 billion logged on Wednesday, as 1.36 billion issues changed hands.

Advancers outnumbered decliners, 93 to 78, while 53 names closed unchanged.

Foreign investors were net buyers on Thursday with net inflows totaling P5.07 billion versus the previous session’s net sales worth P1.87 billion. — Denise A. Valdez with Reuters

Peso up on trade talks

THE PESO climbed versus the dollar on Thursday as the United States and China restart trade talks and following positive local data.

The local unit ended at P51.64 against the greenback on Thursday, gaining 15 centavos from its P51.79-per-dollar finish on Wednesday.

The peso opened the session at P51.80 versus the dollar, which was its worst showing for the day. Meanwhile, its closing level was its intraday best.

Dollars traded on Thursday slipped to $1.158 billion against the $1.234 billion seen on Wednesday.

“Optimism with regard to the trade talks resulted in risk-on sentiment in the markets, benefitting the peso,” a trader said in a phone call.

UnionBank of the Philippines, Inc. chief economist Ruben Carlo O. Asuncion also attributed the peso’s strength to local trade figures released on Thursday.

“Some positivity around a potential trade agreement between the US and China is helping the peso. A narrower trade deficit for August 2019 is also supporting the local currency,” Mr. Asuncion said in a text message.

The United States’ and China’s top trade negotiators were set to meet on Thursday for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world’s two largest economies threatened hopes for progress.

Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will seek to narrow differences enough to avoid a scheduled Oct. 15 tariff rate increase on $250 billion worth of Chinese goods.

But the atmosphere surrounding the talks was soured by the US Commerce Department’s decision on Monday to blacklist 28 Chinese public security bureaus, technology and surveillance firms, citing human rights violations of Muslim minority groups in China’s Xinjiang province. A day later, the US State Department imposed visa restrictions on Chinese officials related to the Xinjiang issue.

If negotiations break down again, by Dec. 15, nearly all Chinese goods imports into the United States — more than $500 billion — could be subject to punitive tariffs in the dispute that erupted during US President Donald Trump’s time in office.

Meanwhile, the Philippines’ trade deficit thinned to $2.41 billion in August from $3.6 billion in the same period a year ago, according to data from the Philippine Statistics Authority.

For today, the trader sees the peso moving around the P51.50-51.75 band against the dollar, while UnionBank’s Mr. Asuncion predicts a range of P51.50-51.80. — L.W.T. Noble with Reuters

SC: Meralco’s unbundled rates for review

THE SUPREME Court (SC) has ordered the Energy Regulatory Commission (ERC) to review the unbundled rates of Manila Electric Co. (Meralco) to ensure that consumers pay “in the least cost manner.”

In a statement on Thursday, the SC Public Information Office (PIO) said the country’s highest court ruled on Oct. 8 that ERC’s 2011 affirmation of its 2003 approval of Meralco’s unbundled rates “was in violation of its statutory mandate to approve rates that will provide electricity to consumers in the least cost manner.”

The ERC has been directed in particular to determine “a reasonable and fair valuation of the regulatory asset base” of Meralco.

Further, the ERC must review the parameters for determining expenses that are directly related to the distribution company’s operations and can be passed on fully or partially to consumers.

The case stems from the petition filed by consumer group National Association of Electricity Consumers for Reforms, Inc. (NASECORE) questioning the 2016 decision and resolution of the Court of Appeals (CA), which upheld the ERC orders in 2011 and 2013 declaring Meralco’s unbundled rates as final.

Meralco filed in 2001 its application for its unbundled rates, appraisal of properties, and proposed rate increase of P1.1228 per kilowatt-hour pursuant to the Electric Power Industry Reform Act (EPIRA) of 2001.

It was approved by the ERC in an order on May 30, 2003.

The ERC approval was nullified by the appellate court in 2004 on the ground that the Commission on Audit (CoA) should first conduct an audit of Meralco before the ERC sets the rates.

The SC reversed the CA decision in 2006 but still directed the ERC to request CoA to complete the audit of Meralco.

CoA submitted its report to the ERC in 2009, and ERC ruled in June 2011 the finality of Meralco’s unbundled rates.

NASECORE elevated this to the CA, saying the ERC erred in disregarding the findings of CoA.

Among the CoA’s findings was the inclusion by Meralco of its employee’s pension and benefits amounting to P3.479 billion in 2004 and P2.916 billion in 2007 under its operating expenses.

The CoA report also cited that certain properties and equipment worth P3.701 billion in 2004 and P3.586 billion in 2007 “should not be considered as part of the rate base as they were not used and useful in the distribution operation.”

The CA dismissed the petition and the following motion for reconsideration in 2016, prompting NASECORE to raise the case before the high court.

The SC PIO said the court found that ERC failed to “properly consider” CoA’s findings.

Under the Government Auditing Code of the Philippines and the Administrative Code of 1987, CoA is authorized to examine the accounts of public utilities in connection with fixing of rates.

The ruling was penned by Associate Justice Antonio T. Carpio but an official copy of the decision has yet to be released.

ERC Chairman and Chief Executive Officer Agnes VST Devanadera said the commission has not been served yet with a copy of the decision.

“Ang kailangan natin, mabasa muna natin ‘yung full text ng decision (What we need is to read the full text of the decision). We cannot be picking up portions of whatever in news releases. We have to come up with a legal decision and we have to consult our statutory counsel, the Office of the Solicitor General,” she told reporters.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has interest in BusinessWorld through the Philippine Star Group, which it controls. — Vann Marlo M. Villegas with Victor V. Saulon

Lawmakers commit to find budget for UHC implementation

LAWMAKERS ON Thursday assured that they will find adequate funding for health workers as the government prepares to roll out the Universal Health Care (UHC) Act and despite cuts in the Department of Health’s (DoH) proposed 2020 budget.

Quezon 1st District Rep. Angelina D.L. Tan said they are working on reinstating the needed fund for the UHC program, particularly the salary for human resources.

Under the 2020 national expenditure program, currently pending before Congress, the DoH’s proposed budget has been trimmed, which could result to retrenchments among its 26,000 health workers next year.

“We asked the DBM how we can manage the expectation of people if they will decrease the employees. With 26,000, it’s actually not enough. We want them to maintain that and increase that ratio of population to health workers but we are behind that,” Ms. Tan said during a briefing following the signing of the UHC’s implementing rules and regulations (IRR).

“I’m helping the DoH so we can restore the cuts in the budget,” she added, noting that they are also studying what item in the proposed DoH budget could be realigned for human resources.

Ms. Tan, author of the UHC, also said, “It’s not just human resources but also health facilities is important in implementing primary care. We are appealing to the DBM to study this well.”

The proposed 2020 budget of the DoH is P160.1 billion, over P9 billion lower than its 2019 allocation. Senate President Pro Tempore Ralph G. Recto said this could force a mass retrenchment of over 7,000 workers in 2020.

Senator Risa Hontiveros-Baraquel, co-author and co-sponsor of the UHC’s Senate version, said this was not the first time that lawmakers have appealed to reinstate the budgetary needs of DoH.

“Like the House, we are fighting in the Senate to reinstate the cuts for the DoH, especially with this timing when we’re going to implement the Universal Health Care,” Ms. Hontiveros said in the same briefing.

Meanwhile, DoH Secretary Francisco T. Duque III said completing the UHC’s IRR “is indeed a cause for celebration, but the IRR is the first step in the long and tedious journey in creating a health system that truly works for every Juan and Juana.”

The UHC Law provides that all Filipinos are automatically registered under the PhilHealth Insurance Corp. and are eligible to the “No Balance Billing” when availing basic or ward accommodation in hospitals.

The IRR also provides that all health facilities will have the following prescribed ratio of basic and private beds: 90:10 for public health facilities, 70:30 for public specialty health facilities, and a minimum of 10:90 for private health facilities.

DoH Undersecretary Mario C. Villaverde said, “There are so many policy guidelines that is needed to implement some provisions in the law and in the IRR. That is the next phase that we will do here. We need to operationalize what is written in the Act and what is written in the rules and regulations… We are already mapping out the specific operational guidelines.” — Gillian M. Cortez

512 undocumented foreigners arrested

THE POLICE arrested 512 undocumented foreigners allegedly involved in telecommunications fraud on Wednesday night in Parañaque City, the National Capital Region Police Office (NCRPO) reported on Thursday.

“The initial findings of the Bureau of Immigration is that they have no working permit,” General Guillermo Lorenzo T. Eleazar, NCRPO chief, said.

Of those arrested, 418 were Chinese, 44 from Myanmar, 26 Malaysians, 19 Vietnamese, four Taiwanese, and one Indonesian, according to a list released by the NCRPO.

Initial investigations conducted by authorities indicate that the foreigners were engaged in offshore telecommunications investment fraud at Golden Unicom Technology, Inc., luring foreign nationals to invest in various businesses.

“The collaborated effort of various law enforcement agencies proved to be an effective tool not only in crime prevention but in crime solution as well,” the NCRPO said.

The arrested suspects are currently under the custody of the Regional Special Operations Unit of the NCRPO and will be turned over to the Bureau of Immigration for documentation. — Marc Wyxzel C. Dela Paz

Travelers to PHL advised to take polio vaccine

TRAVELERS TO the Philippines have been advised by the government to get a polio vaccine following the resurgence of a polio epidemic last month. In an advisory issued Oct. 10, the Department of Health (DoH) said those who are coming or returning to the Philippines will have better protection if they have an inactive polio vaccination (IPV), especially if they plan to stay for at least a month. DoH noted that there is “no travel restrictions to the Philippines” despite the epidemic declared last September, after two cases were reported after nearly two decades of the country being polio-free. “(T)ravelers including foreign nationals and returning Filipinos of all ages, who are intending to stay in the Philippines for four (4) weeks and more and have not received any polio vaccination in the last 12 months, are encouraged to have themselves immunized with a single dose of IPV not later than four (4) weeks before their scheduled travel to the Philippines. Those with urgent travel within four (4) weeks are recommended to receive a single dose of IPV at least by the time of departure as this will still provide added protection, particularly for frequent travelers,” the DoH said. For those who will go to countries that require vaccination, they can receive the IPV and obtain an International Certificate of Vaccination from the DoH Bureau of Quarantine. — Gillian M. Cortez

CoA orders charges vs Mexico mayor

THE COMMISSION on Audit (CoA) has ordered the filing of charges against Mayor Teddy C. Tumang of Mexico town in Pampanga for irregularities in the purchase of construction materials amounting to P39.2 million. According to a decision dated Oct. 1, CoA’s special audit team discovered deficiencies in the purchase, which led to the issuance of several notices of disallowance in the years 2007 to 2010. Further, all transactions were awarded to Buyu Trading and Construction (BTC), a supplier with “questionable capacity,” CoA said, noting that its business address is a residential place and there were no construction materials in the area. “In view of the violations of the provisions of RA No. 9184, this case shall be referred to the Office of the Ombudsman for investigation and filing of appropriate charges, if warranted, against the persons liable for the transactions,” read the decision. — Vince Angelo C. Ferreras

QC plans P27.8B budget for 2020

THE QUEZON City government has proposed P27.8 billion for its 2020 budget, 29% higher than this year’s P21.5 billion approved fund.

Quezon City budget officer Marian C. Orayani, in phone interview with BusinessWorld Wednesday, clarified the 2020 amount, which is higher than the P27 billion cited by Mayor Ma. Josefina G. Belmonte in her speech Monday on her 100 days in office.

“As the the needs of our residents grow, so must our capacity to respond to their concerns. This is the rationale behind our proposed budget for 2020, which is P27 billion,” Ms. Belmonte said.

Healthcare will be among the social services that will receive a significant increase at P2 billion from only P550,000 in 2019.

Other priority sectors for development are infrastructure and education.

The proposed budget is subject for review and approval by the city council.

For income-generation, the mayor said they are are expecting higher property tax collection and aim to attract more investments with improvements in the ease of doing business.

The city government has registered an estimated 2,800 new real property units with a P2.3 billion assessed value and an estimated P66 million in additional annual taxes.

Ms. Belmonte earlier said that she plans to put on hold the implementation of higher land fair market values during her three-year term.

The development of innovation and growth hubs is one of the new programs that will be rolled out to expand business opportunities.

In ensuring compliance to the Ease of Doing Business law, a total of 11,000 environmental clearances were issued from Jan. to June 2019 and an additional 15,000 were issued in the three month-period of July to Sept.

“Last year, 30% of all business permits were not in allowable zones and did not have locational clearances… we have ordered full compliance with our zoning ordinance and from 35 approved clearances a day from January to June, these have increased to 150 a day since July,” she said.

Ms. Belmonte also said that occupational permits can now be released as quickly as three minutes and can be processed onsite starting January 2020 for businesses with 300 employees or more.

The city government is also planning tax incentives for all new businesses for the next two years.

They will also establish more business offices that will handle tax payments and other transactions.

Currently, there are satellite offices in Robinsons Mall Novaliches, Ali Mall Cubao, «and soon in Robinsons Mall Magnolia, Robinsons Mall Galleria, Ayala Fairview Terraces, and Fisher Mall.»

For micro entrepreneurs, Ms. Belmonte said that they will organize the ‘Sari-Saring Kyusi’ bazaars during the Christmas season, which will be held in parking lots of several partner malls.

“Malinaw po ang mensahe natin para sa ating mga (Our message is clear to) small businesses sa (in) QC: kung gusto nyo po mag negosyo sa ating syudad, tutulungan namin kayo (if you want to do business in the city, we will help you,” the mayor said.

Small vendors have been affected by the road and sidewalk clearing operations implemented nationwide.

Meanwhile, Ms. Belmonte said they have been taking action on the African Swine Fever (ASF) outbreak that has affected hog raisers in the city.

The Small Business and Cooperatives Development and Promotions Office has been ordered to include affected hog raisers in the new program Q-CREATE, or the Quezon City Recovery Program for Employment Assistance, Training and Entrepreneurship, especially designed for persons in crisis situations.

“In the meantime, we will be strictly enforcing our Zoning Ordinance prohibiting piggeries in our city and have given all hog raisers up to February 2020 to comply,” Ms. Belmonte said.

The Quezon City mayor said that they have already culled 4,466 hogs from all affected areas and started distributing P13.4 million in financial assistance. — Marc Wyxzel C. Dela Paz

Will Panelo’s commute mean better transport solutions?

AS THE President’s spokesman braves the commute to Malacañang via public transportation in Manila on Friday, a lawmaker said he hopes this gesture would translate to more concrete solutions to the capital’s traffic and transport problems. “We hope that the so-called ‘commute challenge’ exercise to be undertaken by Atty. Panelo tomorrow, Friday, shall rather lead to a meaningful and genuinely permanent solutions to the epic traffic congestion problems in Metro Manila that has been a major source of constant every day misery to workers, their families and to businesses as well,” Trade Union Congress of the Philippines (TUCP) Rep. Raymond C. Mendoza said in a statement on Thursday. Mr. Panelo, meanwhile, said he will not make his commute open to public documentation and media coverage. He also declined to give details on where he will come from and what time he will start commuting on Friday. — Gillian M. Cortez

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