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In his element

Don’t say you expected it all along. Don’t say you knew Tiger Woods would be battling for the hardware in just his fourth tournament of 2018 and fifth overall since he went under the knife 11 months ago. Don’t say you predicted he would be in contention this early on the comeback trail. Don’t say all these, because you’d be lying through your teeth and effectively taking the luster off his accomplishment. The thickness of his resume notwithstanding, he had been up against time, so much so that even his most ardent fans, and he himself, saw fit to temper projections on his performance.

Certainly, Woods understood the long odds on crowding the leaderboard, let alone carving victory, so soon after subjecting his ailing back to a fourth surgery since 2014. There was no denying the effects of his advancing age and brittle body to his competitiveness. He did appear to be getting better and better, with his 12th-place finish at the Honda Classic, his last stop, underscoring his progress. At the same time, it highlighted the handicaps he carried; whether from lack of reps or of advice, his swing mechanics were at best disjointed, and sound adjustments coupled with repetition under challenging situations were keys to development.

Which, in a nutshell, was why Woods saw fit to add the Valspar Championship to his schedule. Never mind that he had played at Copperhead only once before in his career. Forget that he would effectively be cramming his preparations for the Masters, with his stop at Innisbrook to be immediately followed by an appearance in the Arnold Palmer Invitational at Bay Hill. He needed the pressure, and he needed to see how he would hold up physically and mentally.

In retrospect, perhaps Woods’ presence in today’s penultimate pairing is simply a natural offshoot of his efforts. After all, he is who he is, proud holder of 79 tour titles, 14 major championships included. Last September, he didn’t even know if he could still wield a club in his hands. Last December, he was just glad to be teeing off in earnest. Last week, he looked forward to building on his work. And last night, he relished a round that evoked memories of his extended reign as king of the sport; from the teeming crowds to the electric atmosphere to the spectacular shots to the clutch putts, he was decidedly in his element.

Will Woods succeed in hoisting the trophy today? Will his Sunday-red exertions lead to his desired outcome? Considering his condition this time last year, it’s fair to treat the answers as bonuses. On the other hand, he will be a fool not to pounce on the opportunity; as he noted in the aftermath of an outstanding four-un, “I know what it’s like to be one back.” Up next: Reminding the world he also knows what it’s like to win.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994.

T-bills seen to fetch higher rates

By Karl Angelo N. Vidal

YIELDS on Treasury bills (T-bills) on auction today will likely rise amid continued market uncertainty over possible interest rate hikes at home and in the United States.

The Bureau of the Treasury (BTr) plans to raise as much as P20 billion from short-dated securities today.

Broken down, the government will auction off P9 billion in three-month debt papers, P6 billion in six-month T-bills, and P5 billion worth of one-year papers.

A trader said in an interview on Friday that investors will likely park their funds on the shorter end of the curve.

“For the [three-month] papers, I’m expecting [its yields] to settle at 2.9-2.95%, 20 basis points from the last successful auction, while yields of the six-month and one-year bills will likely land at [3.1% and 3.3%, respectively],” the trader said.

During the last successful T-bills auction on Feb. 12, the government only borrowed P14.17 billion out of the P20-billion program after total tenders reached P22.96 billion.

Yields of the 91-day, 182-day, and 364-day papers fetched 2.67%, 2.854% and 3.04%, respectively.

However, the Treasury rejected all bids during the Feb. 26 auction as banks sought higher returns.

Asked why market players will seek higher yields, the trader interviewed on Friday said: “It’s still uncertainty with the trajectory of the yields.”

Chicago Federal Reserve (Fed) President Charles L. Evans earlier said he would prefer to “wait a little longer” than raising interest rates during this month’s meeting on the back of continued low inflation.

“My own preference would be to wait a little bit longer, let the March anomalous inflation rate from a year ago fall out,” Mr. Evans said in a CNBC interview, adding that the trajectory of the rates is more important than the number of rate increases this year.

Two weeks ago, Fed Chair Jerome H. Powell vowed to stick with the central bank’s plan to gradually hike interest rates, prompting investors to increase bets on four rate increases this year.

“We all know that interest rates of Federal Reserve is going to pick up this year, but there’s no certainty on the number of hikes,” the trader said, adding three rate hikes are expected from the Fed this year.

Peter Lundgreen, chief executive officer at Lundgreen’s Capital, also sees the Fed raising rates three times this year, adding the Philippines needs to hike its rates as soon as possible.

“It will be a minimum of three rate hikes from the US this year. So what happens is if the Philippine central bank is not following suit with the Fed, the Philippine peso will also drop further in value,” Mr. Lundgreen told BusinessWorld.

The Treasury said it plans to auction off P120 billion worth of Treasury bills and another P120 billion worth of Treasury bonds during the January to March period.

The total amount the government intends to borrow from the local market is higher than the P200 billion it offered in the last quarter of 2017.

The government borrows from local and foreign sources to fund its budget deficit, which for this year is capped at 3% of the country’s gross domestic product.

The government targets a P888.23 billion gross borrowing plan this year.

Yields on gov’t debt flat over inflation results

By Christine Joyce S. Castañeda
Senior Researcher

YIELDS on government securities (GS) traded in the secondary market were flat last week amid concerns over February inflation results and the central bank’s dovish comments.

On average, GS yields — which move opposite to prices — fell by 6.95 basis points (bps), data from the Philippine Dealing & Exchange Corp. as of March 9 showed.

Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines (UnionBank), said local bond yields were higher at the start of the week ahead of the release of the inflation data.

“However, it seemed that the market was a little unsure how to react initially with two inflation figures released by the PSA (Philippine Statistics Authority) resulting to yields moving sideways with a bit of upward bias,” he said.

“Towards the end of the week, the market was quiet indicating cautiousness keeping investors on the sidelines. The market is waiting for leads ahead of the US Fed (Federal Reserve) FOMC (Federal Open Market Committee) and the BSP (Bangko Sentral ng Pilipinas) Monetary Board meetings [this] week, with the Fed widely expected to raise rates by 25 bps and the BSP largely expected not to raise rates based on dovish comments [last] week,” he added.

Guian Angelo S. Dumalagan, market economist at the Land Bank of the Philippines (Landbank), said: “Yields fell [last] week, as the BSP calmed investors by affirming the appropriateness of its current policy settings despite the uptick in domestic inflation.”

“Despite the overall downward bias, yields jumped significantly on Friday after the ECB (European Central Bank) became more hawkish during its policy meeting [last] week. The ECB dropped its pledge to increase its bond buying program if needed, sending a signal that it may already start tightening its monetary policy soon,” he added.

Mr. Dumalagan also noted that there was some upward correction on Friday ahead of the release of US labor reports.

A bond trader interviewed last Friday shared their views, saying: “Yields dipped during the week as market players reacted to strong dovish comments from the DoF (Department of Finance) and BSP, indicating that rate settings were appropriate despite inflation spiking at 4.5%.”

Last Tuesday, the PSA reported that using the new rebased index under 2012 prices, headline inflation stood at 3.9% last month. This was faster than the 3.4% posted in January and the 3.1% recorded in 2017’s comparable period. This was the fastest reading since September 2014’s 3.9%.

Year-to-date inflation was 3.7%, still within the central bank’s 2-4% target for the year.

Using 2006-based prices, February inflation was at 4.5%.

Meanwhile, BSP Governor Nestor A. Espenilla, Jr. said last week that inflation’s continued pickup will not necessarily push the BSP to tighten its monetary policy setting later this month.

At the secondary market on Friday, in the short end of the curve, the 91-, and 182-day Treasury bills (T-bills) inched up by 2.76 bps and 0.71 bps to yield 3.4390% and 3.6821%, respectively. The 364-day paper went down by 27.28 bps to 3.6629%.

In the belly, yields on the two-, three-, four-, and five-year Treasury bonds (T-bonds) increased by 3.70 bps (4.3328%), 54.11 bps (5.1964), 2.94 bps (5.1755%) and 18.89 bps (5.4701%). Meanwhile, yield on the seven-year bond lost 2.53 bps to 6.6286%.

In the long end, the 10-, and 20-year T-bonds saw their yields go down by 85.21 bps and 37.59 bps to 5.9390% and 6.6562%.

For this week, Landbank’s Mr. Dumalagan said yields may continue their upward trajectory this week, “fuelled by potentially firm US inflation data and likely firm US labor reports on nonfarm payrolls, unemployment rate, and average hourly earnings.”

Unionbank’s Mr. Asuncion said the market is expected to be quiet while waiting for leads “as the US Fed will probably raise rates and the BSP seemingly will stay with current rates.”

The bond trader noted market players will seek direction from inflation reports from major markets, as well as speeches from major central bankers.

Peso likely to weaken against US dollar this week

THE PESO is expected to weaken against the dollar this week, after the latest US labor report showed the continued strengthening of the US economy.

The local currency ended flat against the greenback to close at P52.03 on Friday, following the release of government data showing a wider but lower-than-expected trade deficit in January.

Week-on-week, the peso weakened from its P51.90-per-dollar finish on March 2.

“The dollar might again appreciate as a trend this week following generally upbeat US labor reports in February 2018 and amid expectations of firm US data on inflation and retail sales,” Guian Angelo S. Dumalagan, market economist at Land Bank of the Philippines said in an e-mail on Saturday.

“These reports reinforce views of another US rate hike on March 22 even as they might temper hawkish bets of four US rate adjustments in 2018.”

The US Federal Reserve’s Federal Open Market Committee is scheduled to begin its two-day meeting on interest rates on March 20, with an announcement expected on March 21.

According to the US Labor Department on Friday, the economy added 310,000 jobs in February, far from the 200,000 consensus among economists in a Reuters poll. However, the unemployment rate remained steady at 4.1% last month, its lowest since December 2000 although higher than 4% rate in the Reuters poll.

Mr. Dumalagan said the mixed US jobs data will prompt the dollar to “show a slight upward bias against the peso” in the first two days of the week, although “the greenback might not surge dramatically, as growth in US average hourly earnings slowed, tempering speculations of four US rate hikes this year.”

The dollar’s upward trend might continue on Wednesday and Thursday, Mr. Dumalagan said, as the currency might be supported by firm US data on inflation and retail sales.

“US inflation data on both the consumer and producer sides are expected to show stronger readings in February 2018, keeping the US Federal Reserve on track to hike rates again on March 22,” Landbank’s market economist said, adding that the foreign currency might shed some of its strength on Friday due to profit taking and heightened market caution.

“Prior to important events, such as the US monetary policy meeting, some investors may opt to stay on the sidelines and refuse to take large bets.”

Meanwhile, a trader interviewed over the phone on Friday said concerns over the imposition of tariffs on metal may continue to “create a risk-off sentiment and affect the movement of the US dollar in general.”

On Thursday, President Donald J. Trump signed measure imposing 25% tariff on steel and 10% tariff on aluminum, seen as a protectionist policy in favor of US manufacturers.

A day before the signing, 107 House Republicans signed a position urging Mr. Trump to reconsider his decision.

“We urge you to reconsider the idea of broad tariffs to avoid unintended negative consequences to the U.S. economy and its workers,” the Republican lawmakers said in the letter.

For this week, Mr. Dumalagan expects the peso to move between P51.70 and P52.40, while a trader sees the pair to trade from P51.90 to P52.10 today.

“The factors that could reverse the dollar’s projected upward bias include weaker-than-expected US inflation, surprising hawkish remarks from the BSP, and renewed concerns over the protectionist policies of the US,” Mr. Dumalagan noted. — Karl Angelo N. Vidal

Goldman Sachs uses data to help improve bank’s diversity, Cooper says

DURING the decade Edith Cooper, one of Wall Street’s most powerful black women, led human resources at Goldman Sachs Group Inc., the firm focused more on data to help increase diversity.

“For us, a real game changer was to pause and step back and say, ‘What have we done and how are we doing to measure impact?’” Cooper, who was in Goldman Sachs’s human resources department and a member of the bank’s management team, said on a panel Thursday. “We really started to understand that we really had to get under the hood and look at the data.”

Goldman Sachs, like other financial-services companies, has said publicly that having a diverse work force is a priority. A lack of diversity at the bank shows the challenge businesses are facing in hiring and retaining a base of employees that more closely resembles the US population.

Women at Goldman Sachs made up 38% of US workers in 2016, according to data from the company. That’s up from 36% in 2011. None of the nation’s largest banks has ever had a female chief executive officer.

Black employment among the firm’s US work force rose slightly to 5.3% in 2016 from 5% in 2011. The percentage of Hispanic employees rose to 7.4% in 2016 from 5% in 2011, according to Goldman Sachs.

Goldman Sachs puts an emphasis on data that show how white managers and leaders impact the experiences of minority employees, Cooper said at the Black Enterprise Women of Power Summit. Millennials are also helping top management make changes by “holding us accountable,” she said.

Cooper stepped down as head of human resources at yearend and joined the board of Slack Technologies Inc. last month.

“We also have to be really honest with ourselves about the cultural things that make it harder for us or easier for others,” Cooper said to an audience of mostly African-American attendees. “That’s how we’re really moving the needle to make progress.” — Bloomberg

Japan tsunami, nuclear tragedy remembered seven years on

TOKYO — Prime Minister Shinzo Abe led a somber ceremony Sunday as Japan marked the seventh anniversary of a deadly earthquake, tsunami and nuclear disaster that devastated its northeastern coast and left around 18,500 people dead or missing.

The magnitude 9.0 quake — which struck under the Pacific Ocean on March 11, 2011 — and the resulting tsunami caused widespread damage and took the lives of thousands of people.

The killer tsunami also swamped the emergency power supply at the Fukushima Daiichi power plant, sending its reactors into meltdown as cooling systems failed in what was the worst nuclear disaster since Chernobyl in 1986.

Mr. Abe, lawmakers and family members who lost their loved ones in the disaster bowed their heads in silent prayer at a ceremony in Tokyo at 2:46 p.m. (0546 GMT) — the exact moment the quake struck.

Japanese private broadcasters also showed residents in the affected areas offering a moment of silence.

“I offer my condolences to those who lost their beloved family members and friends,” said Mr. Abe, dressed in formal mourning attire.

Hideko Igarashi, one of the three residents from the disaster-hit region who spoke at the ceremony, said Japan should “never forget what we learned from the disaster.”

The 70-year-old woman from Fukushima was hit by tsunami waves right after she began preparing to leave the area with her husband and uncle.

“I grabbed a pine tree but I was swamped by the tsunami… My husband got away from me and he shouted ‘Hideko’ three times,” she said.

Ms. Igarashi survived and was later rescued by an emergency team.

“I wish I had told him to run away much earlier.”

Japan’s ageing Emperor Akihito and Empress Michiko did not attend the ceremony this year again, but were represented by their son Prince Akishino and his wife Princess Kiko.

The total of dead or missing from the earthquake and the tsunami stood at 18,434 people, according to the National Police Agency.

In addition, more than 3,600 people — most of them from Fukushima — died from causes such as illness and suicide linked to the aftermath of the tragedy, government data shows.

More than 73,000 people still remain displaced, while no one is officially recorded as having died as a direct result of the nuclear catastrophe.

The government lifted evacuation orders of some areas in Iitate village and the towns of Namie, Kawamata and Tomioka last spring, except for no-go zones with high radiation levels.

Authorities are encouraging evacuees to return, but a government survey released earlier this month showed that about half the residents of Namie and Tomioka are not willing to return.

Around 12,000 people who fled their homes for fear of radiation have filed dozens of lawsuits against the government and the Tokyo Electric Power Company (TEPCO), the operator of the stricken nuclear plant. — AFP

Hong Kong goes to polls in crunch vote for democrats

HONG KONG — Hong Kong’s pro-democracy camp will try to claw back lost seats as polls opened early Sunday in controversial by-elections that have exposed the heart of the city’s political divide.

The vote comes as China signals a harder line against any challenges to its sovereignty, with high-profile young candidate Agnes Chow barred from standing because her party promotes self-determination for the semi-autonomous city.

Beijing has become increasingly incensed at the emergence of activists advocating independence and sees calls for self-determination as part of a splittist push.

The by-election was triggered after Beijing forced the disqualification of six rebel lawmakers who had swept to victory in citywide elections in 2016.

Some were former protest leaders, others openly advocated independence. All were ousted from their posts for inserting protests into their oaths of office.

Four of the six vacant seats will be contested Sunday.

“The election is not just about selecting me as a candidate, it is also about voting for justice,” said Au Nok-hin, who stepped in to contest the Hong Kong Island seat after Agnes Chow was disallowed.

The seat was originally held by Nathan Law, one of the leaders of 2014’s mass pro-democracy Umbrella Movement rallies, who was among the six thrown out of office.

But pro-establishment politician Judy Chan, standing against Au, cast the opposition as provoking “violence and resistance.”

“The by-election is a chance for the silent majority, who are tired of a politicized Hong Kong, who detest those who humiliate the country, to come out and tell those politicians that Hong Kong has no room for them,” Ms. Chan told AFP.

The six lawmakers were retrospectively barred from office by Hong Kong’s high court after Beijing issued a special “interpretation” of the city’s mini-constitution stipulating legislators had to take their oath “solemnly and sincerely” or face being banned.

Pro-independence lawmakers had inserted expletives and waved “Hong Kong is not China” banners during their swearing in. Others added phrases supporting the democracy movement.

The pro-democracy camp has come up against increasing pressure since the failure of the Umbrella Movement to win political reform, with some leading activists jailed on protest-related charges.

Political analyst Dixon Sing says losing any one of the four by-election seats would be a further blow.

“It would only add to the disappointment and the loss of faith,” he told AFP.

Only half the legislature is elected, with the rest selected by traditionally pro-establishment interest groups.

Of 70 seats, the democracy camp currently holds 24, only just clinging on to the one-third needed to veto important bills.

It has also been curbed by new rules against filibustering, long a favoured tactic.

Nevertheless, veteran democrats are urging residents to go out and vote.

“It is not just a by-election,” said pro-democracy lawmaker Claudia Mo.

“It’s a fight between good and evil.” — AFP

Pope Francis: peacemaker and game changer

ROME — Since taking charge of the Roman Catholic Church in March 2013, Pope Francis has transformed perceptions of an institution beset by scandals and plagued by self-doubt.

The sex abuse scandals that have rocked the Church may have cast a shadow over his papacy as it enters its fifth year on Tuesday.

However, the 81-year-old Argentinian has helped to facilitate a historic rapprochement between the United States and Cuba, played a role in the peace process between government forces and rebels in Colombia and thrown the power of the Church into the fight against climate change.

Born in Buenos Aires on Dec. 17, 1936, the erstwhile Jorge Bergoglio is the first pope from Latin America and the first from the southern hemisphere.

He has championed the cause of the marginalized and the developing world, says he wants a “poor Church for the poor” and a Catholic community which preaches mercy and understanding in the application of its teaching.

He was arguably the first global leader to grasp the scale of the migration crisis now engulfing Europe, railing against the “globalization of indifference” on a visit to Lampedusa in July 2013, three months before two sinking disasters off the Italian island catapulted the issue onto newspaper front pages.

In April 2016, he flew to another island on the frontline of the migrant crisis, Lesbos, and returned to Rome with three families of Syrian Muslims in a gesture that underscored another of the dominant themes of the Francis papacy: interfaith reconciliation.

In May 2014, at the Israeli wall surrounding the Palestinian territories, he prayed, in silence, for its disappearance.

Such agenda-setting gestures have made the world beyond the confines of the Church sit up and take notice.

In his first year of office, Francis graced the covers of no fewer than three major US magazines: Time made him their 2013 person of the year, Esquire declared him their best-dressed man and Rolling Stone just declared: “He rocks.”

With his penchant for having selfies taken with fans, kissing babies and making surprise phone calls to lonely widows, the smiling, bespectacled pontiff has an easy, popular touch.

That has helped him command a level of popularity his dour academic predecessor Benedict XVI could only dream of.

It has been a valuable asset as he has taken on vested interests in the Vatican hierarchy and the broader Church to push internal reforms, even if critics say some of those have now stalled.

Vatican insiders describe a leader with the business executive’s capacity to make quick decisions.

In his five years in charge, Francis has shaken up and streamlined the Vatican bureaucracy and brought 21st-century auditing to the murky structures of the Holy See’s banking system.

He has sought to tackle the enormously damaging scandal over sex abuse by priests by meeting victims, vowing to hold those responsible accountable and enacting new internal Church procedures to discipline bishops implicated in cover-ups.

He also set up a Pontifical Commission for the Protection of Minors to help deal with the scandal.

But his critics say the Church remains too reluctant to hand pedophile priests over to civil authorities.

NO PALACES
Modesty and humility are key components of the @Pontifex package.

An iron — not gold — cross and discrete, unostentatious clothes contrast with the fur-trimmed satin cloaks favored by his predecessors.

He lives in a modest flat in St. Martha’s, a Vatican boarding house, having eschewed the option of a lavish Papal palace. Sumptuous summer facilities at Castel Gandolfo also go unused.

Holidays are not for this pope in a hurry, who has regularly hinted at a belief he will only survive a few years in the job.

When he opened the first round of a review of Church teaching on the family in October 2014, he told participants to follow his lead and speak honestly, “even if you think it will offend your pope.”

His reform agenda on issues such as allowing divorced and remarried believers to take communion has run into opposition from conservatives, with whom Francis agrees on many other issues.

He denounces abortion as fervently as any cleric on the planet. To the dismay of many anti-poverty and women’s rights activists, his Church has no inclination to overturn its ban on artificial contraception.

And to the dismay of many liberals, there is no space for gay marriage in his vision of how society should organize itself.

Yet the world outside may see a bigger picture, one of a Church adapting to the modern world: an organization that once universally condemned homosexuality as a kind of sickness now being led by a grandfatherly figure who hugs his gay friends and sums up his attitude to homosexuality with the phrase: “Who am I to judge?” — AFP

Corporate earnings seen top of investors’ minds

BARRING any jarring global development, investors in Philippine stocks will likely have their eyes glued to more corporate earnings data that will be released this week, analysts said over the weekend.

The Philippine Stock Exchange index (PSEi) dropped 0.11% or 9.34 points from Thursday to close at 8,372.51 on Friday last week, as investors stayed on the sidelines in the wake of mounting warnings of a trade war after United States President Donald J. Trump’s announcement of tariffs on aluminum and steel.

A further pickup in inflation last February — reported at 4.5% based on 2006 prices and 3.9% based on 2012 prices — has also made some investors cautious, despite widespread expectations that the pace of overall price increase of basic goods will quicken further, possibly piercing the ceiling of the government’s 2-4% target range this year.

“Value turnover was P35.76 billion [for the week], which is below average for our market,” Eagle Equities, Inc. Research Head Christopher John Mangun said in a report.

“This proves that investors are still on the sidelines.”

PSEi lost 1.017% on a weekly basis, with the mining and oil sector posting the biggest drop of 3%, followed by financials that gave up 1.6% and holding firms that fell by 1.3%.

This week, the focus will switch to the release of more corporate earning reports as well as listed firm’s outlook for 2018.

“Just like other listed shares, the focus should now be on companies’ capex deployment for the year and attributes that go with it in terms of plowback to the earnings cycle,” online brokerage 2TradeAsia.com said in a note.

Firms lined up to report 2017 earnings this week are Ayala Corp.; Security Bank Corp.; San Miguel Corp.; San Miguel Pure Foods Company, Inc.; Petron Corp.; Ginebra San Miguel, Inc., LT Group, Inc., Philippine National Bank and Max’s Group, Inc.

2TradeAsia.com said investors may also watch the US Federal Open Market Committee’s March 20-21 meeting which some analysts believe could yield a rate hike.

Eagle Equities’ Mr. Mangun said the market continues to consolidate from successive gains in January.

“It has held our support at 8,330 which may be a pivot level and we may see the market start to recover,” Mr. Mangun said.

“The other scenario is if support is broken at that level we may lose another 200 points as it tests our next major support at 8,070,” he added.

“… [W]e need to see more volume before we see the market recover.”

Analysts also said investors should watch less-known listed firms that have been accumulating value in past weeks due to speculations about the third major telecommunications service provider that will challenge Smart Communications, Inc. and Globe Telecom, Inc.

Mr. Mangun placed initial market support at 8,250-8,330 and resistance at 8,550-8,700. — Arra B. Francia

SWS: Live-in partners, ‘hopeless romantics’ strongly support divorce

The move to legalize divorce in the Philippines, a predominantly Catholic country, gets “very strong” support among men and women with live-in partners, widowed or separated men, and even both men and women who want “a happier love life,” the latest snapshot of the Fourth Quarter 2017 Social Weather Survey of the Social Weather Stations (SWS) showed.

“Net agreement with legalizing divorce was very strong among women with live-in partners (+44 or 64%), men with live-in partners (+37 or 60%), and widowed/separated men (+33 or 60%),” the poll group said in its report.

Meanwhile, divorce gets a “moderately strong” support (+24 or 56%) among women who are widowed or separated.

The SWS terminology for net agreement: +50 and above, “extremely strong”; +30 to +49, “very strong”; +10 to +29, “moderately strong”, +9 to -9, “neutral”; -10 to -29, “moderately weak”; -30 to -49, “very weak”; -50 and below, “very weak”; -50 and below, “extremely weak.”

Respondents were asked whether they agree or disagree to the test statement: “Married couples who have already separated and cannot reconcile anymore should be allowed to divorce so that they can get legally married again.”

Support for divorce is also stronger among Filipino men and women who “want a happier love life” than those who already have “a very happy love life or no love life all.”

“Net agreement was a very strong +32 (or 60% ) among those who said their love life could be happier, higher than the moderately strong +19 (or 52% ) among those with very happy love life, and the moderately strong +17 (or 52%) among those who said they have no love life at all.”

With a net agreement score of +21 (or moderately strong), more than half or 53% of adult Filipinos nationwide said they support the legalization of divorce “for irreconcilably separated couples.”

Major churches support divorce

Divorce legalization gets moderately strong support among Catholics (+23), neutral (-8) among Iglesia ni Cristo members, and still moderately strong among other Christians at +12.

SWS said the “survey was asked also to Muslims but the findings were not applicable since they currently have divorce in their Shari’ah Law.”

The non-commissioned surveys cited in this report, which were conducted from March 25-28, 2017 and December 8-16, 2017, used face-to-face interviews with1,200 adult Filipinos (18 years old and above) nationwide. — Arjay L. Balinbin

Police, CIDG now have subpoena power

The Philippine National Police (PNP) and the Criminal Investigation and Detection Group (CIDG) now have the power to issue subpoenas under Republic Act (RA) No. 10973, which President Rodrigo R. Duterte signed into law on March 1.

RA No. 10973 grants the chief of the PNP and the director and deputy director of the CIDG the authority to administer oath and to issue subpoena and subpoena duces tecum.

The said Act amends RA No. 6975 or the Department of Interior and Local Government Act of 1990.

The new law says the issuance of subpoenas shall be “in relation to” an investigation being conducted by the PNP and the CIDG.

It adds: “[S]uch powers shall be exercised solely by the aforementioned officials and may not be further delegated to any other person or office.”

The subpoena shall state the nature and purpose of investigation, and shall be directed to the person whose attendance is required.

Moreover, in the case of a subpoena duces tecum, “it shall contain a reasonable description of the books, documents, or things demanded which must be relevant to the investigation.”

“Failure to comply with subpoena and subpoena duces tecum shall authorize the filing of a case for indirect contempt under the Rules of Court with the Regional Trial Court.”

The new law is a consolidation of Senate Bill No. 1239 and House Bill No. 4863.

In his sponsorship speech, Senator Panfilo “Ping” M. Lacson, Sr. explained: “[W]hen Republic Act No. 6975, otherwise known as the “DILG Act of 1990” was passed into law, it integrated the Philippine Constabulary and Integrated National Police to establish the Philippine National Police (PNP). A review of this law would show that most of the powers were carried over except for the subpoena power…It seems absurd that the CIU, now more known as the Criminal Investigation and Detection Group (CIDG), with a mandate to undertake monitoring, investigation, and prosecution of all crimes involving economic sabotage and other crimes of such magnitude and extent as to indicate their commission by highly-placed or professional criminal syndicates and organizations, has lost its subpoena powers.”

“Let us correct this oversight by restoring the subpoena powers of the CIDG Director and his/her deputies. It is submitted that these powers are indispensable to carry out the mandated investigatory functions of the [CIDG],” he added. — Arjay L. Balinbin

New appointments include Honeylet’s cousin who was fired last year

Malacañang on Friday announced President Rodrigo R. Duterte’s 17 new appointees, including former commissioner of Presidential Commission for the Urban Poor (PCUP) Melissa Avanceña Aradanas who has been appointed as deputy secretary general of the Housing and Urban Development Coordinating Council (HUDCC).

In December last year, Mr. Duterte fired Ms. Aradanas, who is a cousin of his partner Cielito “Honeylet” Avanceña, along with other officials of PCUP including its head Terry L. Ridon.

Mr. Duterte signed the appointment papers of Ms. Aradanas last Wednesday, March 7.

On the same day, the President also signed the appointment papers of the following officials:

• Ma. Mercedes V. Dumagan, Director III, Department of Environment and Natural Resources;

• Lorina Noemi N. Silvino, Member, representing the Film Industry, Cinema Evaluation Board, Film Development Council of the Philippines;

• Meizelle G. Antonio, Labor Arbiter, National Labor Relations Commission, Department of Labor and Employment;

• Jennifer R. Santos, Labor Arbiter, National Labor Relations Commission, Department of Labor and Employment;

• Elenita Leis Esguerra-Yu, Labor Arbiter, National Labor Relations Commission, Department of Labor and Employment;

• Valfrie G. Tabian, Acting Director General, Bureau of Corrections, Department of Justice;

• Monica P. Teodoro, Special Envoy of the President to the United Nations Children’s Fund (UNICEF)

• Bruce S. Concepcion, Special Envoy on Transnational Crime, Office of the President

• Nannette Z. Villamor-Dinopol, Deputy Administrator, Maritime Industry Authority, Department of Transportation;

• Felix S. Alicer, Director IV, Department of Environment and Natural Resources;

• Maria G. Isip, Director III, Department of Environment and Natural Resources;

• Arnelyn May A. Abdon, Director IV, Department of Finance;

• Euvimil Nina R. Asuncion, Director III, Department of Finance;

• Lilia Belina R. Tan, Director III, Department of Finance;

• Emee I. Macabales, Director III, Department of Finance;

• Mark David T. Ablang, Director IV, Department of Finance. — Arjay L. Balinbin