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Mahathir to visit PHL

MALAYSIAN Prime Minister Mahathir Mohamad will visit the Philippines on March 6 to 7 upon the invitation of President Rodrigo R. Duterte, the Department of Foreign Affairs (DFA) announced on Thursday. In a statement, the DFA said Mr. Mahathir will hold a bilateral meeting with Mr. Duterte on March 7 to discuss “cooperation in the political, economic, and people-to-people spheres, and exchange views on the topics of mutual importance.” He is also expected to meet Senate President Vicente C. Sotto III and House Speaker Gloria M. Arroyo. The DFA said this would be the first time Mr. Mahathir visited Philippines after returning to his seat as Malaysia’s Prime Minister in 2018. Mr. Mahathir also made official visits to Manila in 1987 and 1994 as prime minister. — Camille A. Aguinaldo

Poll shows majority believe police involved in drug crimes

A SURVEY conducted late last year found that “Majorities believe policemen are involved in illegal drug trade, extra-judicial killings, and planting evidence against drug trade suspects.” The Fourth Quarter 2018 Social Weather Survey of the Social Weather Stations, fielded on December 16-19, 2018, found that majorities believe “accusations that some policemen are involved in the illegal drug trade (68%), are involved in the extra-judicial killings of alleged suspects in the drug trade (66%), and often plant evidence against suspects they arrest (58%, correctly rounded).” The noncommissioned survey also found respondents divided on police claims of resistance (“nanlaban”) to drug arrests, with 44% undecided, 28% not believing the said claims and 28% believing otherwise. Belief in accusations that policemen are involved in the drug trade and in extra-judicial killings was highest in Metro Manila and Balance Luzon, followed by Mindanao and the Visayas, in that order. Belief in accusations of policemen planting evidence was 59% in Metro Manila and Balance Luzon and 56% in the Visayas and Mindanao.

Davao Mayor slams Otso Diretso ‘fixation with debate’

DAVAO CITY Mayor Sara Z. Duterte-Carpio slammed the Otso Diretso opposition slate over its “unprofessional” debate challenge. The opposition senatorial candidates on Thursday filed a request before the Commission on Elections to facilitate a debate with candidates of the ruling coalition Hugpong ng Pagbabago, which Ms. Carpio heads. In response, she said, “Willing naman ‘yung mga candidates na makipag-debate, tapos bara-bara, very unprofessional; then ngayon uutusan ako, I am the Mayor of Davao City, I am the chairman of HNP tapos gagawin akong secretary ng meron obsessive disorder na grupo, may fixation sa debate.” (Our candidates are willing to debate, then they’re [the opposition] being very unprofessional. Now I’m being directed, I am the Mayor of Davao City, I am the chairman of HNP, then I’m being made a secretary by this group with obsessive disorder, fixation with debate.” — Charmaine A. Tadalan

Quality of life

Metro Manila, a sprawl of 16 cities fused together by outdated infrastructure, is creaking under the weight of millions of vehicles, owing largely to economic growth of more than six percent a year since 2012. Urban rail coverage is limited, trains are prone to breakdowns and queues spill onto streets where exhaust fumes are intoxicating. Quality of life is poor for many urban Filipinos, who spend a chunk of their day commuting.

Time to de-bugoy the Philippines

Remember the adage: dress up for the position you aspire and not the position you have? If true, then quite a number of our people are aspiring for the position of village vulgarian.
Perhaps this is something we citizens can all agree on (except, of course, for the Left, which irrationally disagrees with anything rational) and that is to please ban the sando (sleeveless undershirts), shorts (particularly the really short ones), and the tsinelas (flip flops) in public places.
Of course, one has the right to underdress or be shabbily clad in the privacy of one’s home (save a thought though for the proper upbringing and mental health of one’s children) but the public sphere is another matter.
The point of society, from Aristotle onwards, is to better each individual human being. Not drag one another down.
And let’s not deny that dressing appropriately has mental and psychological benefits for the wearer, the same way environmentalists argue that our surroundings affect the psyche. Think of clothes as your portable environment.
We’re not talking of brands and clothes as the fashionistas would have it. For a developing country, that in some ways is obscene.
What is meant is simple proper attire, one reflecting respect for other citizens. If you dress up properly for your boss, girlfriend’s parents, or teacher, then why not for your fellow citizen?
In today’s world of cheaper imports, online shopping, and affordable local products, considering also that almost all our citizens have a cellphone (or two), wearing a simple shirt, pant, shoes in public should not be an imposition.
There was this highly ill advised initiative from the House of Representatives a few years back to allow those who ostensibly cannot afford minimally decent attire to enter government offices or attend House committee hearings.
city
That was unfortunate.
Government should lift people up, not pander to the lowest denominator.
And one can always find better ways.
In our country, there is no shortage of relatives that can help. And there’s always the barangay. Such is certainly more ennobling than demeaningly requiring dependence on indigent certificates (i.e., to validate exempt status).
Or Congress itself can encourage government offices to have available extra clothes (purchased or donated) to lend (not give) anytime someone truly needs it.
There are better ways.
Incidentally, some of those free clothes can be lent to the congressmen themselves who have taken to attending committee hearings in less than professional attire under the mistaken belief that they are being fashionable.
Anyway, Manila, Marikina, Pasay, San Juan apparently have some form of attire rules. Good for them. There’s also the Sanitation Code. But more must be done by our supposedly cosmopolitan country.
For a start, restaurants and bars should require minimal decent clothing. There’s nothing more irritating than paying lots of your hard-earned money only to sit beside some loud annoying oaf in slippers and sando.
If anyone thinks this has nothing to do with a nation’s character, just look up old photos of Manila immediately after World War II and compare how Filipinos then were dressed amidst the devastation compared to the get-up in today’s obvious relative prosperity.
Another call: to please have quieter cities and communities in the Philippines.
All that noise by jeepneys and tricyles (believe it or not, many of whom bizarrely amp up their exhaust systems to make it even louder) and outdoor stereos can’t be healthy.
And it isn’t. Studies show that noise above 85 decibels is generally harmful. But transit, car, motorcycle, stereo noises are already at least 80-85 decibels. So the point is to control these sounds and not liberally allow everyone to go noisier. Note that the World Health Organization, for health reasons, reportedly recommends that cities have decibel levels of 45-55.
So rigorously impose limits on vehicle exhaust noise. Indeed, some people may be overcompensating for their car or bike’s low horsepower or cc level but that should not be at our expense.
And that bane of sane communities: the karaoke. Where do people get the freakin’ idea that others want to hear their singing, such that their karaoke volumes are cranked way up beyond 11?
Same with some priests that believe their sermons should be heard blocks away?
Or gasoline stations, shop, or malls that think they’d attract more customers by breaking their eardrums?
Indeed, there’s the Civil Code (on nuisances), the Local Government Code, specials laws pertaining to vehicular, environmental, and industrial noise, as well the scattered ordinances by various LGU, but again more must be done.
Our Congress can certainly draft and codify laws, with the Executive Branch vigorously implementing them, to make our communities decent livable places.
Studies show that, rather than just pouring money in, the simple act of making the streets organized, quieter, cleaner actually lowers crime and increases people’s productivity.
Laws also have a teaching element and instilling proper civic courtesy to others is certainly a lawful subject matter.
 
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

Blaming EDSA

His spokesperson Salvador Panelo insisted that it wasn’t because President Rodrigo Duterte thinks that the 1986 civilian-military mutiny at EDSA isn’t important; it’s just that he has a lot of things to do.
Panelo announced Mr. Duterte’s non-attendance at the February 25 official commemoration of the 33rd anniversary of that event days earlier. That made the claim that “he has a lot of things to do” sound like one more lame excuse in the Palace’s lengthening list of such other excuses as “he was tired,” to explain his absence in a meeting of ASEAN heads of states; that he was “resting” during the three days he didn’t attend any official function; or that he suddenly flew to Hong Kong “to go shopping.” But what made it really look like a deliberate snub is that he has never graced that occasion, his failure to do so this year being his third since 2017.
One can only conclude that Mr. Duterte has a dim view of the February 22-25 events at EDSA, most probably because they led to the overthrow of the Marcos kleptocracy. Like his mercenary keyboard army of trolls and hacks in print and broadcast, he probably thinks that only the Aquinos gained anything from EDSA 1, and that it removed from power a decisive man of action whose clever use of the police and military to advance his and his family’s political and economic interests deserves emulation rather than history’s condemnation.
Mr. Duterte has not only expressed his admiration for this country’s first and hopefully last tin-horn version of Adolf Hitler (whose “decisiveness” in murdering six million Jews he once admitted he admires). He has also demonstrated it in at least three ways. There was his decision to allow the burial of the earthly remains of the far from heroic Ferdinand Marcos, Sr. in the country’s Libingan ng mga Bayani. (Heroes’ Cemetery). There is also his ill-concealed support for Ferdinand “Bongbong” Marcos, Jr.’s electoral protest. Add to that his outright declaration that despite the Constitution, he prefers Marcos, Jr. over Vice-President Leni Robredo to succeed him should he resign the presidency.
To explain Mr. Duterte’s unashamed pandering to Marcos interests, some observers say it’s because Ilocos Norte Governor Imee Marcos, who’s currently running for senator, was one of the few local government officials to support his candidacy for president of this unfortunate Republic. But it’s likely to be due not only to the Marcoses’ financial and other forms of support in 2016. What’s even more disturbing is that it might be because of his own belief that he’s entitled to the same unaccountable abuse of power that Marcos exercised by declaring martial law in 1972.
Once a petty provincial despot whose powers were so unchecked they included, by his own admission, support for, if not command over a death squad, Mr. Duterte has since demonstrated his contempt for the system of checks and balances mandated by the Constitution as well as for free expression and the independent press vital to democratic governance.
As distressing as that may already be, the opinion polls have since found that many Filipinos share, if not Mr. Duterte’s sense of entitlement, at least his fascination with dictatorship as the path to the solution of this country’s legions of problems.
That fascination is founded as much on the obvious failures of what passes for democracy in these isles of illusions as on the far too common and totally baseless, fact-challenged belief that the Marcos dictatorship was a period of peace and prosperity.
By encouraging EDSA 1’s being labeled a “revolution,” with all the promise in that description of political and economic democratization and of ending the poverty, social inequality and mass misery that have long haunted this country’s long-suffering people, the leading figures of EDSA 1 — Corazon Aquino, Jaime Cardinal Sin, Fidel Ramos, Juan Ponce Enrile — were at least partly responsible for the perception that what had replaced the Marcos tyranny was democratic rule.
It was no such thing. EDSA 1 made possible the return to power of the wing of the political class that Marcos had targeted for exclusion through Presidential Decree 1081. It reestablished the limited, elite democracy that had been in place since Commonwealth days, rather than install a government run by the majority. EDSA enabled the land-based faction of the ruling political elite to overthrow one-man rule, and to repeal Marcos’s most repressive laws. Both were necessary for the country to move forward, but that was about all it did.
Restored by EDSA 1, the rule of the land-based, old-rich was saddled with such remnants of the past regime as Enrile and Ramos, who eventually gained even more power and in fact allowed the return of the Marcoses and their allies not only to the country in a literal sense, but also to government.
Not only in the ensuing years after EDSA 1 were the promises of that “revolution” unfulfilled. Very early on, for example, despite such sound advice as that of the United States Agency for International Development’s (USAID) Roy Prosterman for President Corazon Cojuangco Aquino to use her legislative powers to decisively address the land issue before Congress reconvened, or else risk civil war, the latter balked and relied on the landlord-dominated Congress to later pass a land reform law so full of loopholes it became practically meaningless.
Mrs. Aquino’s reluctance to outrightly abolish the Philippines’ centuries-old land tenancy system — “the worst on the planet,” according to Prosterman — wasn’t entirely due to her fears of abusing her pre-1987 “revolutionary” powers. Subsequent versions of land reform allowed the conversion of agricultural lands into industrial estates, which is what the Cojuangcos did to their own Hacienda Luisita.
The twin imperatives of authentic land reform and industrial development — policies at the heart of the development of Japan, China, Korea, Taiwan among others — succeeding regimes belittled and ignored, and at one point even described (during the Benigno Aquino III administration) as “old hat.” Instead, it is the decades-long policy of encouraging foreign investments that has remained in place despite its demonstrated shortcomings.
The consequences are there for all to see: the persistence of poverty and hunger despite economic growth and, consequently, the desperate search for a solution among the country’s impoverished and powerless millions. Every election period, they are nevertheless deceived into electing to office the same dynasts and their allies whose only program is to advance their self, familial and class interests and to kowtow to whatever foreign power is willing to support their continuing dominance over the politics and government of this neo-colony..
What is outrageous is that it is those very dynasts who are responsible for the country’s being the basket case of Southeast Asia. Their incompetent, corrupt, and self-aggrandizing governance has been a total failure. But they blame the democracy they’ve been sabotaging for decades for the consequences of their benighted rule..
EDSA 1’s failure to deliver on its implicit promises of peace, prosperity, freedom, independence and democracy, for which the political dynasties are as responsible, does not justify the return of another dictatorship. But it is nevertheless another fallacy the hucksters and demagogues in and out of government are currently selling in their attempt to excuse the country’s descent into another tyranny.
 
Luis V. Teodoro is on Facebook and Twitter (@luisteodoro).
www.luisteodoro.com

Capitalism and freedom in Asia

“The over-all speed of advance will be increased by those who move fastest. Even if many fall behind at first, the cumulative effect of the preparation of the path will, before long, sufficiently facilitate their advance that they will be able to keep their place in the march.”

— Friedrich Hayek,
Chapter 5,
The Constitution of Liberty (1960)

Colombo, Sri Lanka — The annual Asia Liberty Forum (ALF) 2019 conference is held this week February 28 to March 1 in this South Asian country. To discuss and promote capitalism and free market policies may look ironic in a country that is officially named “Democratic Socialist Republic of Sri Lanka.” Yet this country has more pro-market policies than many supposedly capitalist Asian economies.
The ALF is mainly sponsored by the Atlas Network in the US, and co-sponsored by a local free market think tank or institute in the host country. In Sri Lanka, the local host is Advocata Institute, a newly-formed and dynamic institute. Among the co-sponsors are the Friedrich Naumann Foundation for Freedom (FNF, Germany) and Action Institute (US).
On Day 1, February 28, one of the cool plenary discussions was “The Future of Capitalism and Freedom in Asia.” Speakers were Prof. Razeen Sally (National University of Singapore), Prof. Pratap Bhanu Mehta (Vice-Chancellor at Ashoka University, India), and Fraser Howie (Author and Independent Analyst, Singapore), Dr. Christer Ljungwall (ENC Center for Global Affairs, Sweden) and Dr. Ganeshan Wignaraja (Lakshman Kadirgamar Institute of International Relations and Strategic Studies, Sri Lanka).
The theme was inspired by the economist Milton Friedman’s 1962 book, Capitalism and Freedom, wherein he argued that economic freedom is both a necessary and sufficient condition for political freedom.
When I arrived on a midnight at Bandaranaike International Airport, 30-plus kilometers from Colombo’s city proper, I was surprised to find a huge airport, with thousands of passengers arriving and departing in that late hour. Perhaps as busy or busier than Manila’s three international terminals combined.
To see the challenge of more capitalism and market-oriented policies in Asia, I checked some macroeconomic data, focused on the six South Asian and six ASEAN economies with similar populations. I excluded Singapore, being an outlier as it is a very developed economy, also Thailand (69.3M), Myanmar (54.3M), Malaysia (32.4M).
Sri Lanka has a modest GDP size and its per capita income of $4,073 in 2017 is actually higher than that of the Philippines’ $2,989. But it does not attract much foreign direct investments (FDI) compared to socialist Vietnam or even Cambodia (see table).
Capitalism
So, many Asian economies are still ideologically and economically challenged to optimize their potentials under capitalism, market-oriented and globally-integrated policies – what Singapore, Hong Kong, South Korea, Taiwan, and Japan have achieved.
The fetish on anti-inequality, forced equality and anti-private property, a soft and implicit advocacy for socialism that Friedrich Hayek has warned, should be secondary to the goal of fighting poverty via more free enterprise, more economic freedom.
It is good that Atlas continues the global and continental discussions on the subject, and it is equally kind for FNF to help the free market groups, institutes and individuals in Asia. My participation in the ALF is made possible by the support of FNF from 2016 (Kuala Lumpur), 2017 (Mumbai), 2018 (Jakarta) to this year in Colombo. FNF also sponsored my participation in almost all EFN annual conferences and meetings in many Asian cities from 2004 to 2017.
A key staff member of the FNF in organizing the annual EFN conferences before and now co-sponsoring the ALF is its Project Director, Pett Jarupaiboon. Pett is a cool, warm, behind-the-scenes guy who ensures that things run as smoothly as possible. Now Pett is leaving the FNF next month to pursue another career and finish a PhD program.
Hats off, Pett and FNF. You are doing good in helping Asia and its billions of people realize the value of economic freedom and, over the long term, attain more wealth and prosperity.
 
Bienvenido S. Oplas, Jr. is the president of Minimal Government Thinkers
minimalgovernment@gmail.com

Fighting pneumonia

Pneumonia is a serious infectious disease and should never be taken lightly. It is one of the leading causes of sickness and death in the country, according to the Department of Health (DoH). Pneumonia is a bacterial infection caused by Streptococcus pneumonia, more commonly known as the pneumococcus (plural: pneumococci). Pneumococcal disease, which refers to any type of infection caused by pneumococci, includes pneumonia, meningitis (inflammation of the meninges, the membranes that cover the brain and spinal cord) and febrile bacteremia (presence of bacteria in the blood); otitis media (ear infection), sinusitis and bronchitis. Haemophilus influenzae type b (Hib) is the second most common cause of bacterial pneumonia.
Pneumococcal disease is a major public health problem worldwide, particularly in developing countries where young children and the elderly are most affected.
The World Health Organization (WHO) estimates that worldwide about one million children die of pneumococcal disease every year. Pneumonia is the leading vaccine-preventable death in the country.
Common signs of pneumonia include cough, fever, and difficulty breathing.
The first step to protect yourself from pneumonia is by staying away from sick individuals. The US Centers for Disease Control and Prevention (CDC) provides the following tips on how to prevent respiratory infections:

• Wash your hands regularly.

• Clean surfaces that are touched often.

• Cough or sneeze into a tissue or your sleeve.

• Avoid cigarette smoke or quit smoking.

• Manage chronic medical conditions (like asthma, diabetes, or heart disease).

Vaccines can also help prevent infection by some of the bacteria and viruses that can cause pneumonia. There are two kinds of pneumococcal vaccines available. According to the CDC, there are vaccines available for children younger than 2 years old, adults 65 years or older, people from 2 through 64 years old with certain medical conditions, and adults 19 through 64 years old who smoke cigarettes.
In 2013, the DoH included the pneumococcal conjugate vaccine in its Expanded Program on Immunization (EPI). In 2016, the DoH launched the Expanded Pneumococcal Immunization Program for Senior Citizens. Under the program, all Filipino senior citizens aged 60 and 65 years old can avail of free pneumococcal vaccination in their respective health centers. The vaccine will comprise of two doses: senior citizens aged 60 years old will be given the first dose and will receive the second dose after five years. Those aged 65 will receive one dose of the vaccine.
The WHO stressed that immunization against Hib, pneumococcus, measles and whooping cough (pertussis) is the most effective way to prevent pneumonia. Despite this knowledge, the country’s immunization coverage has been declining in recent years. This has led the Philippine Medical Association (PMA), Philippine Foundation for Vaccination (PFV), Philippine Alliance of Patient Organizations (PAPO) and Pharmaceutical and Healthcare Association of the Philippines (PHAP) to give wholehearted support to the DoH in its campaign to disseminate the overwhelming scientific evidence supporting vaccination, and to regain public confidence in the government’s immunization program.
Public trust in vaccines is crucial to achieving adequate immunization coverage to ensure population-level immunity. Immunization prevents vaccine-preventable diseases from causing sickness and death among Filipino children and adults.
For more information about vaccination, please consult your physician.
 
References:
1. https://www.doh.gov.ph/node/1058
2. https://www.who.int/biologicals/vaccines/pneumococcal/en/
3. https://www.cdc.gov/vaccines/vpd/pneumo/index.html
4. http://www.pchrd.dost.gov.ph/index.php/news/library-health-news/5480-doh-launches-pneumonia-immunization-program-for-seniors
5. https://www.cdc.gov/features/vaccineschronicconditions/index.html
6. https://www.facebook.com/notes/department-of-health-philippines/vaccine-vs-pneumonia-in-children-now-part-of-govt-immunization-program-ona-press/692561560761423/
7. https://www.doh.gov.ph/node/9792
 
Teodoro B. Padilla is the executive director of the Pharmaceutical and Healthcare Association of the Philippines (PHAP). Medicine Cabinet is a weekly PHAP column which aims to promote awareness on public health and health care-related issues.
medicinecabinet@phap.org.ph.

Peso climbs to fresh peak vs dollar

THE PESO climbed further to hit a fresh nine-month high versus the dollar on Thursday amid continued optimism on the trade negotiations between the United States and China.
The local unit closed Thursday’s session at P51.70 versus the greenback, 21 centavos stronger than the P51.91-per-dollar finish on Wednesday.
The peso’s close was a new high for the local unit in more than nine months or since it closed at P51.675 on May 4, 2018.
The peso traded stronger the whole day, opening the session at P51.82 per dollar. It hit an intraday trough of P51.85 versus the greenback.
Dollars traded surged to $1.45 billion from the $1.147 billion that switched hands the previous day.
A foreign exchange trader said the peso traded stronger yesterday as it broke the support level of P51.80 in the morning session.
“Overnight, the dollar traded weak still due to optimism in the US-China trade talks. There’s a strong view on the emerging markets,”the trader said in a phone interview.
The US Trade Representative’s office said on Wednesday that it will formally suspend the scheduled tariff increase on Chinese goods until “further notice” after US President Donald J. Trump decided to delay the March 1 deadline.
The trader added that the peace negotiations between the United States and North Korea did not affect the movement of the peso.
Meanwhile, another trader attributed the strengthening of the local unit to profit-taking ahead of data on US fourth-quarter gross domestic product growth.
“The report is expected to be weak following the huge losses in global markets as well as imminent threat of a US government shutdown in the latter part of 2018,” the other trader said in an e-mail.
For today, the first trader expects the peso to move between P51.55 and P52.10 versus the dollar, while the other gave a narrower P51.50-P51.80 range. — KANV

Stocks decline on MSCI rebalancing, trade talks

SHARES SUFFERED a bloodshed on Thursday on the back of the MSCI rebalancing, alongside inflation concerns at home and sluggish developments in trade war negotiations overseas.
The 30-member Philippine Stock Exchange index (PSEi) fell 2.32% or 183.63 points to close at 7,705.49 on the last day of February. The all-shares index likewise tumbled 1.64% or 79.61 points to 4,769.75.
Papa Securities Corp. Sales Associate Gabriel Jose F. Perez said the PSEi’s decline was due to the MSCI rebalancing.
“ICT (International Container Terminal Services, Inc.) had the highest upweight, hence the highest value turnover, while heavyweights SMPH (SM Prime Holdings, Inc.), ALI (Ayala Land, Inc.), BDO (BDO Unibank, Inc.), SM (SM Investments Corp.), AC (Ayala Corp.), and JGS (JG Summit Holdings, Inc.) had downweights, but not as large as ICT’s shift in weight,” Mr. Perez said in an e-mail.
The MSCI measures the performance of large and mid-cap sectors in the local market, tracking about 85% of the free float-adjusted market cap of the index.
Diversified Securities, Inc. Equities Trader Aniceto K. Pangan, meanwhile, blamed profit taking for the main index’s decline yesterday.
“Market continued its profit taking as most regional markets were downed due to the following factors: locally, fuel prices continue to go up with jeepney operators asking for the increase in minimum fare to P10 thus causing inflation,” Mr. Pangan said in a text message.
Mr. Pangan also noted that the negative sentiment was caused by the slow trade negotiations between the United States and China.
Reports cited strains showing between US President Donald J. Trump’s relationship with US Trade Representative Robert Lighthizer, which many fear would lead to a weak and inadequate deal with China.
With this, most Asian markets ended in negative territory. Wall Street indices also ended mixed, with the Dow Jones Industrial Average dropping 0.28% or 72.82 points to 25,985.16, and the S&P 500 index slipping 0.05% or 1.52 points to 2,792.38. Meanwhile, the Nasdaq Composite index eked out a gain of 0.07% or 5.21 points to 7,554.51.
Back home, all sectoral indices took a dive on Thursday, led by financials which went down 3.03% or 53.47 points to 1,708.16.
Holding firms slumped 2.43% or 192.42 points to 7,725.12; mining and oil shed 2.24% or 194.89 points to 8,491.76; industrials went down 2.04% or 236.13 points to 11,341.40; services dropped 1.78% or 27.88 points to 1,534.99; and property slipped 0.91% or 36.68 points to 3,981.72.
Value turnover climbed to P17.58 billion as 2.85 billion shares changed hands, higher than the previous session’s P7.43 billion.
Foreign investors booked a net foreign buying figure of P3.72 billion yesterday versus net sales of P250.66 million on Wednesday. Mr. Perez, however, noted that Thursday would have recorded a net outflow of P1.2 billion if not for PAL Holdings, Inc.’s P4.9-billion block transaction. — Arra B. Francia

PBA: Alaska Aces out to extend winning run

By Michael Angelo S. Murillo
Senior Reporter
ON a roll before the Philippine Basketball Association took a two-week break for the FIBA World Cup Asian Qualifiers window, the Alaska Aces look to pick up where they left off when they return to action today at the Mall of Asia Arena.
Currently sporting a 2-1 record, good for solo third in the standings of the ongoing Philippine Cup, after winning back-to-back games, the Aces now channel their focus on winning three in a row in their match against the Phoenix Pulse Fuel Masters (6-1) in the main game set for 7 p.m.
The latest of the victories of Alaska came at the expense of the Blackwater Elite, 103-101, on Feb. 13.
Against the Elite, the Aces had it tough needing to stretch itself in the end to come out on top.
It was a balanced attack for Alaska, with at least six players scoring nine points or more, led by 18 points each from Jeron Teng and Carl Bryan Cruz.
Guard Chris Banchero also had an impressive double-double for the Aces of 11 points and 16 assists. The victory was the second straight for Alaska after opening its campaign with a loss.
Following their latest victory, Aces coach Alex Compton said he is proud of how his team has been playing considering they are still not in full force with several key players still out with injuries.
“I thought the guys did a tremendous job, considering what’s going on [with all our injuries,” said Mr. Compton, who prior to the break still missed the services of Vic Manuel, Jayvee Casio, Simon Enciso and Kevin Racal.
The team is hoping to get said players back in harness for the remainder of the tournament.
PHOENIX
Out to stop Alaska is Phoenix, which got back on the winning track on Wednesday after absorbing its first loss of the tournament previously.
The Fuel Masters survived a tough challenge from Northport Batang Pier last time around to win, 98-96.
Matthew Wright led Phoenix to the win with 22 points with Justin Chua, Calvin Abueva, Jason Perkins and RJ Jazul also ending up in double digits.
The Fuel Masters also played tough defense, especially in the end, to help their cause, something that was not lost to coach Louie Alas.
“Our character defensively has improved. Four of our six won games came from our strong defense,” he said.
Mr. Alas also underscored that the two-week break of the PBA to give way to Gilas Pilipinas’ campaign helped them.
“The break helped us. We were able to rest our banged-up players like Calvin Abueva and Matthew Wright. We also had a lot of activities to improve our chemistry,” he said.
Opening festivities today is the match between Columbian Dyip (3-4) and Blackwater (1-6) at 4:30 p.m.
PBA ALL-STARS
Meanwhile, the league had announced the names of players that will participate in the annual PBA All-Star Game on March 10 in Calasiao, Pangasinan.
Starting for the North Team are Mr. Abueva, Japeth Aguilar and LA Tenorio of Barangay Ginebra, Paul Lee of Magnolia and Marcio Lassiter of San Miguel.
The South All-Stars are June Mar Fajardo of San Miguel, Greg Slaughter and Scottie Thompson of Barangay Ginebra, Mark Barroca of Magnolia and James Yap of Rain or Shine.
Making up the reserves, who were selected by the league coaches, are Jayson Castro and Troy Rosario of TNT, Arwind Santos and Alex Cabagnot of San Miguel, Stanley Pringle of Northport, Marc Pingris of Magnolia, Gabe Norwood of Rain or Shine and Chris Banchero of Alaska for the North, and Terrence Romeo and Chris Ross of San Miguel, Roger Pogoy of TNT, Baser Amer of Meralco, PJ Simon and Jio Jalalon of Magnolia, JP Erram of NLEX and Joe Devance of Barangay Ginebra for the South.

UST Tigresses seek to keep form versus FEU Tamaraws

By Michael Angelo S. Murillo
Senior Reporter
THE University of Santo Tomas Golden Tigresses seek to stay galloping in UAAP Season 81 when they go up against the Far Eastern University Lady Tamaraws in league action on Saturday, March 2, at the Smart Araneta Coliseum.
Opened their University Athletic Association of the Philippines campaign with a 2-record in their first three matches, the Tigresses try to fortify their spot in the top half of the standings with a victory over the stumbling Lady Tamaraws (1-2) in their 2 p.m. match-up.
Playing in the main game of women’s play at 4 p.m. are the defending champions De La Salle Lady Spikers (3-0) against the University of the Philippines Lady Fighting Maroons (2-1).
Leading UST’s strong start early is the “Big Three” of senior Sisi Rondina, sophomore Milena Alessandrini and rookie Eya Laure.
Rondina has been averaging 18 points a game for the Tigresses so far with Alessandrini and Laure chipping in 15.6 points per match each.
The team has been tops in spiking in the league with a 29.4% success rate.
The Tigresses are coming off a spirited four sets victory over UP, 21-25, 25-22, 25-16 and 25-20, on Feb. 24.
Versus the Lady Maroons, UST held their own amid a spirited back-and-forth to bring down erstwhile undefeated UP.
Alessandrini led the Tigresses in the victory with 22 points, 19 coming from attacks and three from blocks.
Laure added 18 points while Rondina finished with 17.
“We are having a good start at 2-1; a good position. We will continue fighting until the end of the season. Our aim is to go deep in the tournament and we are going to give our all each game,” said UST coach Kung-fu Reyes following their win over UP.
Meanwhile, waiting for UST is FEU, which has slipped since opening the tournament with a victory.
The Lady Tamaraws lost to the Ateneo Lady Eagles in their last game by way of a heartbreaking five-setter after taking the first two sets and they hope to bounce back and set their campaign back on the right track.
Rookie Lycha Ebon is top-scoring for FEU in the season with 12.3 points per game, followed by Cel Domingo with 11.6 points and Heather Guino-o 11.3 points.

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