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What is the body saying?

By Tony Samson

MANY of our communication habits are cultural, and sometimes non-verbal. Such expressions take both forms (receptive and expressive). In a restaurant when asking for the bill, an imaginary square is drawn in the air with both sets of thumbs and forefingers. When one gets the waiter’s attention, he understands the message and the bill is promptly delivered. He can, of course, turn off his receptive skills by looking up at the ceiling and then at his fingernails looking for a stray cuticle to declare — are you talking to me?

Are there non-verbal signals applicable in the workplace?

Facial expressions are the first signals to watch out for. A fatigued and distracted look indicates more pressing matters than the approval of your request for a transfer of parking space closer to the elevator. It’s best to defer your agenda at a more propitious moment — nothing important, Sir…catch you later.

The CEO is texting without let-up and going through photo galleries on his phone, sometimes even smiling to himself at some message that popped up, not once looking up while you are presenting the strategies to make your unit the center of the universe. Is this a sign of disdain, or at the very least a lack of interest? Of course, it is. Can your office stuff fit in one portable box to be cleared by tomorrow?

Body language can also express a cooling of relations. The “avoidance waltz” is obvious to somebody paying attention. When X moves to the right, does Y automatically move to the left? Here, lesser beings are used as physical screens to avoid contact the same way a 3-point shooter uses blockers to get an open look.

Meetings for higher-ups can involve abruptly moving the time and then holding the conference outside the office, or country. These rescheduled events involve fewer people than before. (You’ve been dropped.) The Fence Sitter’s “Rule on Rescheduled Meetings” states: The more unusual the time and venue for a meeting called by a superior, the higher the probability of bad news for the persons suddenly excluded.

Do facial expressions like “a blank look” need to be translated? The warm greeting met with a vacant stare indicates any of the following: 1) The greeted party doesn’t know who you are; 2) He knows very well who you are but is pretending to be somebody else like a lost twin brother of the CEO; Or 3) He is more interested in the person right behind you and is wondering why you are blocking his view.

While media seldom get it right, corporate changes featured in the business news (he stepped down to spend more time with his family) often point to a crisis — where there’s smoke, there’s somebody smoking. When the questioned executive (Sir, is it true you were forced out of the company?) looks like a dagger has been plunged in his back, he is likely to avoid the question. (He is rushing for the exit.) There’s no need to repeat it. He heard it the first time.

Julius Caesar, the clueless victim of a palace coup had all the warnings of people whispering in small groups and even a soothsayer impeding his progress to the forum, with a clear warning to beware the ides of March. The famous exchange is between Caesar saying that the ides have come, and the soothsayer replying, “but not yet gone.” (It ain’t over till it’s over.)

Alertness to body language and hidden messages should be developed.

Still, there is the danger of reading too much into simple greetings so that even the most innocent actions are given conspiratorial overtones. What did his smile mean when he said “good morning” in the elevator? Why was he looking up at the numbers of the floors after the greeting? Does it mean my number is also up?

Words have literal meanings and interpreting their unintended connotations too minutely can lead to paranoia. What can be worse than being dismissed as “too insecure” and reading too much between the lines? Freud himself mused in his interpretation of dreams that, “sometimes an umbrella is just an umbrella.”

Still, when it comes to facial expressions, raised eyebrows combined with a sneer at your approach need no further comment.

 

Tony Samson is Chairman and CEO, TOUCH xda

ar.samson@yahoo.com

Is there a middle ground between employment and entrepreneurship?

By Mary Ritz Pay Seng

HINDI ka yayaman sa pagiging empleyado,” the saying goes (You won’t become rich as an employee).

The implication in this statement is that more Filipinos should pursue entrepreneurship. Owning your own business is the path to financial success — rather than earning a fixed salary, you can potentially keep all the revenues from your company.

While encouraging Filipinos to pursue business is beneficial, this thinking is flawed. Not every person is cut out to be an entrepreneur. Some may not be ready now, needing a few years more experience, while others may never be ready. Every person has different personalities and propensities for risk, after all.

Rather than only encouraging Filipinos to become business owners over employees — which is a false and unhelpful dichotomy — we should instead encourage them to make investments in the way that they are most comfortable with. The easiest path to do so has traditionally been investing in the local stock market, but even this is prohibitive for many.

Fewer than 1% of Filipinos invest in the local stock market. If you ask Filipinos who are interested in investing in stocks why they don’t, their reasons will mostly relate to ignorance, either of companies and industries or even on how to sign up to trade in the first place. The barrier to investing in stocks is too high for the vast majority of Filipinos.

entrepreneur

Fortunately, the new digital economy is making it easier to invest. Local crowdfunding platform Cropital gives Filipinos the opportunity to back local farmers and then earn a return from their investment, once the farmer has produced his yield and sold his goods at market.

InvestEd offers a similar opportunity, this time with college students: By backing those in need of tuition and financial assistance, you can grow your money by as much as 11% per annum. These solutions are especially welcome in the Philippines because they are two-sided innovations: They help beneficiaries who need money on one hand and investors who want to put their money to work on the other.

There are also international platforms helping Filipinos more easily invest. One of the most notable to recently arrive is social trading platform eToro, which enables Filipinos to invest in a wide variety of financial instruments, including everything from stocks and currencies to commodities and cryptocurrencies.

One of the more unique investment vehicles are eToro’s thirty CopyPortfolios. These do not exist on any other product or platform because they are a part of eToro’s Copytrader feature, which allows new investors to copy the investments of other investors, which they can vet through their publicly available data. Users can see their risk score, portfolio composition, and most importantly, track record, all of which are meant to make it easier to invest.

In the wake of local platforms like Cropital and InvestEd, and international platforms like eToro, I think we should reconsider the idea that entrepreneurship is the only path to financial success. While so-called “hustle porn” is popular — content that glorifies and romanticizes the journey of entrepreneurship — it promotes ideals that are simply not true. You don’t have to choose between employment or entrepreneurship. There are many financial solutions at your disposal. Choosing those that you are most comfortable with is the best kind of financial freedom that I know.

 

Mary Ritz Pay Seng currently works as a digital marketing manager for a tech company start-up as well as a digital specialist for SearchGuru.

Peso climbs as appetite improves

THE PESO ended higher on improved risk appetite.

THE PESO strengthened against the dollar on Monday amid quiet trading as risk appetite increased following strong US economic data released last week.

The local unit closed Monday’s session at P52.11 versus the greenback, up seven centavos from the P52.18 finish last week.

The peso traded stronger the whole day. It opened the session at P52.09 per dollar and surged to as high as P52.06 during the trading session. Meanwhile, its intraday low stood at P52.16 against the US currency.

Trading volume picked up to $957.02 million from $787.81 million that switched hands the previous session.

A foreign exchange trader said the peso traded within range yesterday amid quiet trading, as market participants await a slew of economic data, including domestic gross domestic product (GDP) growth and inflation, as well as monetary policy decisions from both the US Federal Reserve and Bangko Sentral ng Pilipinas.

“We’ve only started the week, so the trading was fairly quiet,” the trader said in a phone interview. “Also, it’s a holiday in Japan for the rest of the week, so Asia time would be fairly quiet for the entire week.”

The trader added that the peso was stronger on the back of positive data in the US such as the GDP report.

The US Commerce Department reported Friday that the world’s largest economy grew 3.2% in the first three months of the year, faster than the 2.2% GDP expansion a quarter ago.

The trader added that better-than-expected GDP data in the US drove risk appetite in the market.

Meanwhile, another trader said the local currency appreciated yesterday amid profit taking on expectations of weak US personal consumption expenditure data for February, the preferred price gauge of the Fed.

“This might increase dovish expectations ahead of the US central bank’s policy meeting this week,” the second trader said in an e-mail.

For today, the first trader expects the peso to move between P52 and P52.25, while the other gave a P52-P52.20 range.

The South Korean won and Thai baht strengthened on Monday as firmer-than-expected US economic growth figures supported risk sentiment, though market holidays and the US Federal Reserve meeting this week are keeping investors cautious.

“The strong US GDP data failed to push the dollar higher but that is real positive news for riskier assets generally and for equities. The Asian markets are in a holding pattern, awaiting key data,” said Khoon Goh, head of Asia research at ANZ. — K.A.N. Vidal with Reuters

PSE index ends higher ahead of economic data

By Arra B. Francia, Senior Reporter

THE MAIN INDEX finished higher on Monday despite trading sideways for most of the session as investors remained cautious ahead of the release of economic data.

The 30-member Philippine Stock Exchange index (PSEi) firmed up 0.36% or 28.74 points to 7,897.02. The broader all-shares index likewise gained 0.16% or 8.04 points to 4,864.39.

“The PSEi continues to move sideways as the market is still waiting on economic data (gross domestic product, interest rates, and inflation) from the government. The announcement is scheduled this May 2019,” Unicapital Securities, Inc. Technical Analyst Jeff See said in a text message.

“The index is ranging between 8,200 and 7,600. Coincidentally, companies will also be releasing their first quarter 2019 earnings by May,” Mr. See added.

Papa Securities Corp. Sales Associate Gabriel Jose F. Perez noted how the PSEi showed another dull performance.

“It’s still too soon to tell if the market will be more active [on Tuesday]. Potential month-end window dressing could be tempered by the upcoming holiday on Wednesday,” Mr. Perez said in an e-mail.

Investors overseas had been pricing in positive results of the US GDP for the first quarter. The US reported that the economy grew by 3.2% year on year during the first quarter, way beyond the 2.3% market estimate. This also showed the fastest growth since 2013’s 3%.

Last Friday, the Dow Jones Industrial Average went up 0.31% or 81.25 points to 26,543.33. The S&P 500 index climbed 0.47% or 13.71 points to 2,939.88, while the Nasdaq Composite index added 0.34% or 27.72 points to 8,146.40.

Asian markets on the other hand ended mixed as investors also stayed cautious ahead of another round of trade war talks between the US and China. Japan’s Nikkei 225 retreated 0.22% or 48.85 points to 22,258.73. The Hang Seng index advanced 0.96% or 284.48 points to 29,889.49, while the Shanghai Composite shed 0.77% or 23.90 points to 3,062.50.

Back home, sectoral indices were equally split between losers and advancers. Holding firms led those in positive territory, jumping 0.88% or 66.79 points to 7,602.45. Industrials rose 0.66% or 76.28 points to 11,473.59, while financials eked out a gain of 0.16 point to 1,743.95.

Meanwhile, mining and oil slumped 0.5% or 39.16 points to 7,761.18. Property fell 0.2% or 8.89 points to 4,283.43, while services slipped 0.15% or 2.47 points to 1,583.26.

Turnover remained thin at P5.81 billion after some 1.06 billion issues switched hands, although slightly higher than the previous session’s P5.72 billion.

Decliners outpaced advancers, 97 to 89, while 52 names were unchanged.

Foreigners were net sellers for the second straight session with P42.91 million, narrower from Friday’s P249.78-million net outflow.

PNP to consider Ateneo study on drug war

THE Philippine National Police (PNP) said that it is open to suggestions from other sectors including the academe on improving the government’s campaign against illegal drugs, following a recent study by Ateneo Human Rights Center (AHRC) which scrutinized the conduct of the government’s “Oplan Tokhang” anti-drug campaign.

“I welcome the release of findings and conclusions of a study made by the Ateneo Policy Center on the PNP anti–drug campaign, particularly on the left hand approach that encourages drug offenders to submit themselves to voluntary rehabilitation and reform,” PNP chief General Oscar D. Albayalde said in a press briefing at Camp Crame on Monday, April 29.

The AHRC released last week a study or working paper titled, “How Change Rendered Human Rights More Vulnerable: Examining the Anti-Drug Campaign Legal Framework with a Human Rights Lens,” which flagged, among other things, circulars that operationalized the drug war as violating human rights.

“We are willing to listen and engage all sectors, including the academe, that are concerned and willing to assist the PNP in the fight against illegal drugs,” Mr. Albayalde said.

“PNP is open (to) any suggestions that will improve on our law enforcement, ‘yung aming pagtataas ng standard namin (as to how we can raise our standard). Of course, (on) how do we enforce the law. Baka meron silang (Maybe they have a) bright idea, because they are in the academe.”

A circular signed in July 2016 by then-PNP chief Ronald dela Rosa establishes Oplan Tokhang as “the conduct of house-to-house visitations to persuade suspected illegal drug personalities to stop their illegal drug activities.”

Ateneo said that the vagueness and lack of accompanying details in that first circular can serve as a license for police personnel to commit violations of the Bill of Rights.

“(T)he PNP Double Barrel Circular does not give clear details (on) how this should be operationalized, unlike how the PNP Anti-Illegal Drugs Manual details specific rules and procedures when conducting anti-illegal drug operations,” the research paper said.

The study also cited different types of “persuasion” by police authorities in conducting anti-drug operations.

“Other persuasion attempts were accompanied by a visible show of force or the use of vague or veiled threats. All these are accounts showing that persuasion assumes the color of custodial investigation in many ways,” the researchers said.

The working paper is qualified as “a draft in progress” and cites as authors Ma. Araceli B. Habaradas of the Ateneo Law School and Ray Paolo J. Santiago, Jaymie Ann R. Reyes, and Marianne Carmel B. Agunoy of the Ateneo Human Rights Center.

In response, Mr. Albayalde said: “They are not (the) proper body to say that it is constitutional or not, hindi sila ang Supreme Court (They are not the Supreme Court)…Pangalawa (Second) , that is voluntary in nature. Paulit-ulit po natin sinasabi na wala pong ginamit na pwersa dito at wala pong namatay (We always emphasize that no force was employed here [in the conduct of our operations] and no one died) because of Oplan Tokhang….Nag-surrender sila for rehabilitation (They surrendered for rehabilitation).”

Official data as of Feb. 28 cite 5,281 drug suspects killed since July 2016, when President Rodrigo R. Duterte launched the anti-illegal drugs campaign. Meanwhile, 74 uniformed personnel were arrested in anti-drug operations.

The PNP chief added: “Baka may pwede pa silang idagdag sa ginagawa naming (Maybe they can add something to our) internal cleansing program. This is the very reason why we have the internal cleansing to balance our operations, to make sure that our policemen on the ground will not abuse [their power].”

Mr. Albayalde also pointed out that some 200 policemen were injured or killed in anti-drug operations as of this month. — Vince Angelo C. Ferreras

Enrile’s motion to see documents on plunder case approved

THE Sandiganbayan Third Division has approved a motion by former Senate president Juan F. Ponce Enrile for the prosecution in his plunder case to produce material evidence for his trial preparation, which prosecutors have opposed.

But in its resolution dated April 24, the graft court said the scope of the evidence Mr. Enrile may access is “limited” to documents that the Supreme Court has allowed to be disclosed, such as the breakdown of the amounts of the kickbacks that Mr. Enrile is said to have received from the alleged misuse of his pork-barrel fund when he was in the Senate.

“In order that an order for production or inspection may be issued, the following requisites must concur: (a) there must be a motion showing good cause therefor; (b) the documents must constitute or contain evidence material to any matter involved in the case; and (c) the documents must be in the possession or under the control of the prosecution, police or other law investigating agencies,” the resolution stated.

“All these requisites are present in the instant case. First, there can be no dispute that the written statements, documents, etc. requested by the defense to be produced for copying purposes are material in this case….Second, it is indubitable that the documents are in the possession or under the control of the prosecution….Finally, a good cause exists for the granting of Enrile’s motion. It bears noting that Enrile was charged with a heinous offense, whose conviction carries with it the penalty of capital punishment,” the resolution also said, referring as well to the already abolished death penalty since the Arroyo administration.

The Third Division also said the former senator has “absolute control” on how to go with his defense: “If in his mind, he needed to inspect or copy pieces of evidence (not privileged) which are material for him to make an intelligent defense, then he is allowed by the Rules to ask for the inspection or production of these documents.”

Mr. Enrile, who is seeking a fresh term in the Senate this year, was accused of amassing P172.8 million worth of kickbacks from bogus non-government organizations led by Janet Lim Napoles, who was convicted in December last year in connection with the plunder case against former senator Ramon “Bong” Revilla, Jr.

Like Mr. Enrile, Mr. Revilla is seeking a new term in the Senate this midterm election. — Vince Angelo C. Ferreras

Palace offers P10-M bounty for capture of fugitive cop

By Vann Marlo M. Villegas, Reporter

MALACAÑANG has offered P10 million for information that would lead to the capture of dismissed police officer Eduardo Acierto who faces charges in connection with the importation of multi-billion pesos worth of illegal drugs last year.

Justice Secretary Menardo I. Guevarra confirmed the bounty but said he is “not privy to (its) funding source….”

“I will press the NBI, who’s under me, to search harder for these fugitives,” he said in a text message.

Mr. Acierto, who previously made headlines for linking President Rodrigo R. Duterte’s economic adviser Michael Yang to illegal drugs, was ordered arrested by Manila Regional Trial Court (RTC) Branch 35 on April 12 for the importation of shabu kept in magnetic lifters, along with seven others.

Seven others were also ordered arrested by the court: former Customs intelligence officer Jimmy S. Guban, Philippine Drug Enforcement Agency (PDEA) Deputy Director General for Administration Ismael G. Fajardo, Jr., Chan Yee Wah, Zhou Quan, Vedasto Cabral Baraquel, Jr., Maria Lagrimas Catipan, and Emily Luquingan.

This is in connection with complaints filed by the NBI and PDEA last year over the P2.4-billion shabu shipments sealed in two magnetic lifters found at the Manila International Container Port in August 2018 and P11-billion worth of the shabu in four magnetic lifters found in Cavite that same month.

The Department of Justice (DoJ) indicted them on April 8.

On the other hand, the prosecution dismissed for lack of probable cause the complaints against 40 others over the drug shipments, including BoC officials and employees.

Prosecutors, however, have endorsed to the Office of the Ombudsman for preliminary investigation the graft and dereliction-of-duty complaints against former BoC commissioner and now Technical Education and Skills Development Authority Director-General Isidro S. Lapeña and several others.

Fuel prices all up this week

OIL COMPANIES are raising the prices of petroleum products this week after the minimal adjustment a week ago. Gasoline prices will rise by P0.75 per liter (/L), diesel by P0.80/L and kerosene, P0.90/L. Last week, oil companies raised the price of gasoline by only P0.10 /L, and kept unchanged the cost of diesel and kerosene. For April, per liter prices of fuel products generally rose, except for the first week when these declined between P0.10 to P0.30. The same trend was observed in March. — Victor V. Saulon

Palace asserts no need for China consent in marine protected areas declaration in West Philippine Sea

THE PHILIPPINE government will not need China’s consent for its plan to declare some parts of the West Philippine Sea as marine protected areas, Malacañang said on Monday.

“Di ba, he already said that?” Mr. Panelo said in a news conference at the Palace on Monday when asked if the President is keen on declaring some parts of the highly-contested West Philippine Sea as marine protected areas.

Asked if the Philippines will need China’s consent for this move, he said: “No…. As far as we are concerned, that’s ours. You don’t have to ask any consent from anyone.”

He also noted that this move may “irritate” China, which is asserting territorial claims in the West Philippine Sea, but added that this would just be another matter for discussion between the two countries.

“Iyan ang claim nila. Ang claim din naman natin, atin (That is their claim. Our claim, on the other hand, is ours)…. O ‘di magni-negotiate tayo. Babalik tayo sa (then we will negotiate. We will go back to) negotiation,” he said.

He added: “That will be another irritant. Ang mangyayari niyan (What will happen is), if you declare a particular stand and they will declare another stand, o di may deadlock, di mag-uusap na naman tayo (Then we will just talk again).”

National Security Adviser Hermogenes C. Esperon, Jr. also said last week that the government is looking into the possibility of declaring Pag-asa Island and Eastern Kalayaan in the West Philippine Sea as marine protected areas.

He made this statement after the reported harvesting of giant clams by Chinese vessels in Panatag Shoal, another part of the disputed territory.

In his intervention during Session III of the Leaders’ Roundtable at the Second Belt and Road Forum in Beijing last Saturday, President Rodrigo R. Duterte said, “As an archipelagic state, the Philippines seeks to improve our collective capacity to manage and protect marine resources.”

He added: “As channels of transportation and communication, and a vital source of sustenance and livelihood, our oceans and seas connect and sustain us. It is thus our collective duty to promote their sustainable and peaceful use in accordance with international law.” — Arjay L. Balinbin

SC asked to nullify regulation banning bus terminals along EDSA

AKO Bicol Party-list asked the Supreme Court (SC) to nullify the Metropolitan Development Authority’s (MMDA) March 2019 regulation which prohibits the issuance of permits to bus terminals and operators along EDSA. In a 45-page petition filed Monday, AKO Bicol said the regulation should be declared unconstitutional as it violates the right to due process given the lack of public consultation. It added that the MMDA and the Metro Manila Council “arbitrarily, whimsically and capriciously acted on a mere verbal directive” of President Rodrigo R. Duterte during a cabinet meeting, which lead to the “hasty approval and initial implementation” of the regulation. MMDA Regulation No. 19-002 prohibits or revokes the issuance of permits to all public utility vehicle (PUV) terminals and operators along EDSA starting June 2019, citing that PUVs “greatly contribute” to the traffic congestion along the main road. AKO Bicol also said that the planned closure of terminals is contradictory to the Public Service Act and other related laws which provide that public utilities should maintain their own terminals as requisite for privilege of operating as common carriers. — Vann Marlo M. Villegas

2 Chinese wanted for cyber crime arrested in Mandaluyong

THE BUREAU of Immigration (BI) Fugitive Search Unit (FSU) arrested on April 25 two Chinese nationals wanted for cyber crime in Beijing. In a statement, BI Commissioner Jaime H. Morente identified the two as Hong Webin, 34, and Li Cheng, 36, who were nabbed in a condominium in Mandaluyong City. “We will send them back to China as soon their deportation orders are issued. Their continued presence here poses a threat to public safety and security,” Mr. Morente said, adding that the two will also be blacklisted. The Chinese embassy provided information that the suspects were wanted in China for the distribution of obscene materials online and engagement in illegal propaganda. BI-FSU Chief Bobby R. Raquepo said the Chinese nationals have been hiding in the country since October 2018 when they entered to Manila as tourist. — Vann Marlo M. Villegas

Live coral cover in parts of Manila Bay gives hope for restoration

LIVE CORAL cover found within the waters of Manila Bay buoyed hopes that the heavily polluted waters could still be restored to its pristine condition, the Department of Environment and Natural Resources (DENR) announced Monday. In a statement, DENR Secretary Roy A. Cimatu, who heads the inter-agency Manila Bay Task Force, said recent findings that coral reefs are still thriving in many parts of the bay give government more reason to proceed with the rehabilitation. “With the vibrant underwater life still teeming in several areas in Manila Bay, there is hope that we can still revive it to what it used to be,” Cimatu said. The Ecosystems Research and Development Bureau (ERDB), the DENR’s research arm, recently conducted an inventory of the coral ecosystems within the bay and found out that many of them are thriving despite environmental and human pressures. Jose Isidro Michael Padin, ERDB supervising science research specialist, said majority of the coral cover is found in Corregidor and Caballo Islands off Cavite province. “Nearly 72% of the estimated reef area is found in Cavite. The reef sites in Maragondon and few stations in Corregidor and Caballo Islands had fair to good live coral cover,” Mr. Padin said. ERDB Director Sofio B. Quintana said the bureau is conducting “ridge-to-reef” research on Manila Bay to establish “a definite connection among risk factors. Right now, we are trying to gather more data on informal settler families, air and water quality, and habitat to make scientific studies relevant for future projects.”