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Ayala Land to raise up to P25 billion from debt notes, loan

Ayala Land, Inc. (ALI) plans to raise up to P25 billion of combined debts, bilateral term loans, and qualified buyer notes this year, to partially finance capital requirements and refinance existing debt.

In a disclosure to the stock exchange on Wednesday, Feb. 21, ALI said its board of directors has approved to conduct a fundraising activity worth up to P20 billion through a combination of debts and bilateral notes for 2018’s capital expenditures.

Debt notes will be issued from the P50-billion shelf registration program the company has with the Securities and Exchange Commission since March 2016.

In an earlier interview, ALI Chief Finance Office Augusto Cesar D. Bengzon said the company has P18 billion left in this debt securities program.

The remaining portion will be raised through bilateral term loans.

On the other hand, the listed property firm’s board has also approved the raising of P5 billion through qualified buyer notes to refinance its short term loans. — Arra B. Francia

Consumption growth could ease due to tax reform — ANZ

Consumer spending could ease in response to higher commodity prices due to tax reform, analysts at ANZ Research said.

“Domestic demand is strong and is likely to remain so. However, the risk of some moderation in consumption growth remains. The growth in car sales had eased significantly in January. While take-home pay is higher for taxpayers, non-tax payers are facing higher prices. In the past, for every 1% increase in headline prices there was a corresponding decrease in private consumption by 0.3%,” the global bank said in a report. — Melissa Luz T. Lopez

UnionBank raises P3 billion via LTNCD

UnionBank of the Philippines raised P3 billion from its long-term negotiable certificates of deposit (LTNCD) to improve its deposit maturity profile and help expand its business.

The Aboitiz-led UnionBank launched the offering of new LTNCD on Wednesday at the Philippine Dealing and Exchange Corp.

The notes will mature in 5.5 years and carry an interest rate of 4.375% to be paid quarterly until August 21, 2023. The issuance is the first tranche of UnionBank’s P20-billion LTNCD offering approved by the central bank.

Like regular time deposits offered by banks, LTNCDs offer higher interest rates. However, LTNCDs cannot be pre-terminated but can be sold on the secondary market, making them “negotiable.” — Karl Angelo N. Vidal

Peso firms up as BSP intervenes

The peso strengthened against the dollar anew on Wednesday, Feb. 21, as the local central bank was suspected to continue intervening amid the big selloff by the US Treasury.

The local currency closed today’s session at P52.10 against the greenback, 14 centavos stronger than its P52.24-per-dollar finish last Tuesday.

The peso traded stronger the whole day, opening the session at P52.165 per dollar. Its intraday low stood at P52.21, while its best showing was at P52.06 against the US currency.

Dollars traded Wednesday slipped to $965.95 million from the $977.8 million logged the previous session.

“The BSP (Bangko Sentral ng Pilipinas) was still intervening that’s why the dollar-peso [remained stronger] throughout the day,” a trader told BusinessWorld in a phone interview on Wednesday.— Karl Angelo N. Vidal

Text of revised Pacific trade deal released amid fresh push

WELLINGTON, NEW ZEALAND — Details of a revamped cross-Pacific pact aimed at slashing trade barriers were released Wednesday amid a renewed push for the US to rejoin the 11-nation deal.

New Zealand unveiled the official text of the Trans-Pacific Partnership, or TPP-11, which had to be redrawn after Donald J. Trump rejected it last year just days into his presidency.

The nation’s Trade Minister David Parker said making it public would allow better scrutiny before it is formally signed in Santiago on March 8.

“New Zealand has been working hard to see the text made public as quickly as possible,” Mr. Parker said, adding that changes to the original document included the suspension of 22 items relating to areas such as intellectual property and taxpayer subsidized medicine.

Australian Trade Minister Steve Ciobo said the landmark agreement would eliminate more than 98% of tariffs in a trade zone with a combined GDP of some $13 trillion.

“The (Malcolm) Turnbull government wants to see this landmark agreement enter into force as soon as possible so Australian farmers, businesses and manufactures can enjoy its benefits,” he said.

The 11 TPP countries are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Together they account for about 13.5% of the global economy.

However, that figure would be closer to 40% if the United States was included, an outcome some lawmakers in Mr. Trump’s own Republican party are reportedly pushing for.

The Washington Post said on Tuesday that 25 Republican senators had written to Mr. Trump urging a rethink.

“We encourage you to work aggressively to secure reforms that would allow the United States to join the agreement,” they wrote in a letter cited by the newspaper.

“Increased economic engagement with the 11 nations currently in TPP has the potential to substantially improve the competitiveness of US businesses, support millions of US jobs, increase US exports, increase wages, fully unleash America’s energy potential, and benefit consumers.”

Mr. Trump has not ruled out a U-turn, despite referring to the TPP as “a disaster” during his election campaign, believing the accord would punish US workers by allowing companies to hire cheaper labor abroad.

In an address to the World Economic Forum in Davos last month he said the US would consider negotiating with the TPP bloc but “only if is in the interests of all.”

His predecessor Barack Obama believed the deal would set a higher standard for trade, including on health and the environment, and eventually entice China to play by the same rules. — AFP

Secret Pence-N. Korea meeting planned, then scrapped by Pyongyang

WASHINGTON — Mike Pence and North Korean officials had planned to meet secretly during the 2018 Winter Olympic Games, but Pyongyang scrapped the talks after the US vice-president denounced abuses from the “murderous regime,” US officials said Tuesday.

Mr. Pence did not interact with the North Koreans even though he was seated in the same box as them at the opening ceremony of the Games on Feb. 9 — nor did he shake hands with the North’s ceremonial head of state Kim Yong Nam during an earlier leaders’ reception.

The North Koreans, who had sent Kim Yong Nam and leader Kim Jong Un’s sister Kim Yo Jong to the Games, backed out of the planned meeting after Mr. Pence announced Washington would soon unveil its “toughest and most aggressive sanctions” against Pyongyang.

During his Asian tour, he also denounced the North’s nuclear drive and sought to shore up ties with regional allies — and longtime North Korean foes — Japan and South Korea.

Mr. Pence, who led the American delegation to the Games, said at the time he traveled with the father of late former prisoner Otto Warmbier to the South to “remind the world of the atrocities happening in North Korea.”

“North Korea would have strongly preferred the vice-president not use the world stage to call attention to those absolute facts or to display our strong alliance with those committed to the maximum pressure campaign,” Mr. Pence’s spokesman Nick Ayers said.

State Department spokeswoman Heather Nauert said only a “brief meeting” with leaders of the North Korean delegation had been on the table.

“The vice-president was ready to take this opportunity to drive home the necessity of North Korea abandoning its illicit ballistic missile and nuclear programs,” Ms. Nauert said in a statement.

“At the last minute, DPRK (Democratic People’s Republic of Korea) officials decided not to go forward with the meeting. We regret their failure to seize this opportunity.”

‘MURDEROUS REGIME’
Mr. Ayers characterized the offer as the North having “dangled a meeting in hopes of the vice-president softening his message, which would have ceded the world stage for their propaganda during the Olympics.”

“As we’ve said from day one about the trip: this administration will stand in the way of Kim’s desire to whitewash their murderous regime with nice photo ops at the Olympics,” Mr. Ayers said.

“Perhaps that’s why they walked away from a meeting or perhaps they were never sincere about sitting down.”

Analysts say the North’s Olympic diplomatic drive sought to loosen international sanctions against it and undermine the alliance between Seoul and Washington.

Even as the US warned against falling for Pyongyang’s Olympic charm offensive, North Korean leader Kim Jong Un issued an invitation via his sister Kim Yo Jong, who was attending the Games, for a summit with South Korean President Moon Jae-in.

But on his return trip from the Games, Mr. Pence said there was “no daylight” between the US, South Korea and Japan on efforts to isolate Pyongyang economically and diplomatically until it abandons its nuclear and ballistic missile program.

Washington calls it a campaign of “maximum pressure.”

Mintaro Oba, a former State Department diplomat specializing in the Koreas, tweeted that “it’s entirely possible that North Korea scheduled the reported secret meeting with VP Pence fully intending to cancel so that they could play the blame game.”

“Sudden cancellations/withdrawals are a well-established part of the North Korean playbook,” added Mr. Oba, now a speechwriter in Washington.

DENUCLEARIZATION FIRST
Global alarm at the rapid advance of nuclear-armed North Korea’s weapons technology rose further last year when the regime tested its Hwasong-15 ballistic missile — theoretically capable of hitting the mainland US — in a challenge to Washington, which has threatened to “utterly destroy” the regime in the event of an attack.

President Donald J. Trump and the North’s leader Kim Jong Un have engaged in a series of personal insults.

But as tensions rose between the North and Washington, the Games triggered a rapid reconciliation between the two Koreas, who are still technically at war.

“The president made a decision that if they wanted to talk, we would deliver our uncompromising message. If they asked for a meeting, we would meet,” Mr. Ayers said, referring to Trump.

“He also made clear that until they agreed to complete denuclearization we weren’t going to change any of our positions or negotiate.”

Woodrow Wilson Center vice-president Aaron David Miller, a former advisor to Republican and Democratic diplomatic chiefs, highlighted the Trump administration’s conflicting messages on whether to talk or not with the North Koreans.

“Has the locked and loaded fire and fury Trump administration come to conclusion that it’s time to stop talking about North Korea and to start talking to them?” he asked. — AFP

Raul Castro receives US lawmakers on visit to Cuba

HAVANA — Cuban President Raul Castro Tuesday received a bipartisan delegation of US lawmakers Tuesday, who are visiting the island with the alleged “acoustic attacks” against US diplomats on their agenda.

“During the meeting they discussed matters of interest to both countries,” the Cuban government said in a statement.

The delegation, led by Democratic Senator Patrick Leahy of Vermont, arrived in Cuba Sunday to address various issues including the mysterious supposed attacks in Havana.

The issue has hit US-Cuba relations, with Washington withdrawing half of its diplomats from Cuba and expelling 15 officials from the Cuban embassy in the US capital.

The Cuban foreign ministry’s US director, Carlos Fernandez de Cossio, met with the congressmen Monday assuring them that “no evidence that attacks occurred against US diplomats in Cuba exists,” according to his deputy Johana Tablada.

Accompanying Mr. Leahy on the visit are senators Ron Wyden of Oregon and Michigan’s Gary Peters, along with representatives Kathy Castor of Florida, Jim McGovern of Massachusetts and Susan Davis of California.

Mr. Leahy has been one of the most active politicians inside the Capitol in advocating the improvement of US-Cuba relations, which defrosted somewhat in 2014 under Barack Obama after half a century of tension.

The US delegation will end its stay in Cuba on Wednesday with a press conference.

At least 24 Americans, a mix of US embassy personnel and their dependents — suffered headaches, hearing loss, disorientation and some loss of cognitive ability between November 2016 and August 2017.

Some recovered from the most acute symptoms, but the severity, range and recovery time was mixed and it’s not yet clear whether any have suffered permanent injury.

US press reports suggest that FBI agents dispatched to Havana have been unable to find any evidence to support a theory that the staff were attacked with an acoustic or sonic weapon. — AFP

Trolls and mercenaries: How ‘Putin’s Cook’ fed US appetite for disinformation

MOSCOW — In November 2013, three Russian political operatives flew from Moscow to New York. Over the next few days, the men toured Manhattan, took side trips to Washington and Detroit, drank vodka at a Brighton Beach restaurant, and had a guitar sing-along with Russian emigres.

It was a whirlwind, but they had no time to waste. Their boss was Yevgeny Prigozhin. A lieutenant of President Vladimir Putin, he had ordered up a film depicting an impoverished and crime-ridden America. “We went to meet Russians who live in New York and find out what makes life painful there,” said Oleg Matveychev, a member of the group.

Mr. Prigozhin and three of his companies were named in the indictment announced last week in Washington by Special Counsel Robert Mueller. The prosecutors said he was one of 13 Russian citizens who defrauded the US government in a multimillion-dollar conspiracy aimed at criticizing Hillary R. Clinton and supporting Donald J. Trump and Senator Bernie Sanders.

The 37-page indictment describes how hundreds of Russians used social media, fake rallies, and secretive operatives in the US to create “political intensity” among radical groups, opposition social movements, and disaffected voters. In 2014, the indictment says, several Russians traveled to the US under false pretenses “to collect intelligence for their interference operations.”

The 2013 journey, first reported by the Moscow newspaper Novaya Gazeta and confirmed by Bloomberg, shows that those efforts were preceded by at least one other project. It also offers a glimpse of the multifaceted nature of a propaganda machine built by Mr. Prigozhin. Mr. Matveychev said the New York trip, aimed at shoring up domestic support for Mr. Putin, was initiated by Mr. Prigozhin with no Kremlin involvement.

Such an operation, though, would likely have been backed by Russian intelligence, according to John Sipher, a retired senior Central Intelligence Agency agent who oversaw operations in Russia. “They wouldn’t waste that opportunity,” Mr. Sipher said. “You don’t travel to the US like that without the support of the intelligence agencies.”

‘PUTIN’S COOK’
A short man with a stony stare, Mr. Prigozhin is known as “Putin’s Cook” because one of his companies, Concord Management, provides food services to the Kremlin. The Mueller indictment names that company’s parent, a related catering firm, and another Prigozhin group called the Internet Research Agency that ran a vast troll operation designed to sow discord in the 2016 US presidential election.

Mr. Prigozhin has known Mr. Putin since the 1990s, when both lived in St. Petersburg and Mr. Putin was the city’s deputy mayor. Mr. Prigozhin ran a network of hot dog stands, and then launched one of Russia’s first grocery chains, according to the Medusa Project Web site. In 1997 he opened a restaurant on a ship docked on the Neva River, which became the go-to spot for hosting dignitaries such as George W. Bush and Jacques Chirac.

These days, Mr. Prigozhin can be seen departing Mr. Putin’s residences in a black SUV with flashing lights, a perk reserved for top brass. He’s chummy with business leaders such as Gazprom Chief Executive Officer Alexey Miller, who once was seen dashing through a Kremlin corridor to hug Mr. Prigozhin. He guards his privacy fiercely. At an event with Mr. Putin, a reporter spotted Mr. Prigozhin and called out to him by name. “Who are you?” the man replied. “You must be addressing the wrong person.”

The “Cook’s” reach extends beyond the Kremlin’s kitchens and internet trolling. According to three people familiar with the matter, Mr. Prigozhin controls a shadowy private military contractor called Wagner that maintains a training camp at a commando base in southern Russia and deploys mercenaries to eastern Ukraine and Syria. In 2016, Mr. Prigozhin was sanctioned by the US Treasury, which said he has “extensive business dealings” with the Russian Defense Ministry.

“Prigozhin is one of those people who managed to convert his personal relationship with Putin into economic and political influence,” said Valery Solovei, a researcher at the Moscow State Institute for International Relations. “Putin needs people to deal with delicate issues, and Prigozhin could deliver trolls, mercenaries, and all kind of services.”

Mr. Prigozhin has denied wrongdoing and any links to the Wagner mercenary operation. “Americans are very impressionable people,” he told news agency RIA Novosti in response to queries about the Mueller indictment. “If they want to see the devil, let them see it.” Mr. Prigozhin did not respond to e-mails seeking comment.

Around 2011, Mr. Prigozhin set up a web trolling effort with Mr. Putin’s approval, according to a former Kremlin official. Mr. Prigozhin was the wizard behind the curtain, shaping the narrative as internet use surged and state media’s influence began to wane. His machine was key in helping quell antigovernment street protests after contested Parliamentary elections in 2012, which paved the way to an extended term for Mr. Putin.

DIRT DIGGING
“He reads newspapers every morning, Web sites, watches TV,” said Mr. Matveychev, who was part of the 2013 New York trip. “Then he gives his assignments: ‘Look what happened in Syria. Write comments saying everything in Syria is OK.’”

The trip to the US was aimed at kicking off a series of anti-American films, according to Mr. Matveychev. They shot footage across Manhattan, looking for “disadvantaged areas,” homeless people, and what Mr. Matveychev called “dirt” that would cast America in a bad light. According to Novaya Gazeta, the team purchased US SIM cards for their phones rather than using Russian numbers, and Concord employees back home were instructed not to directly contact the men while they were abroad.

Mr. Matveychev characterizes the American adventure as a one-time assignment that fizzled out when Mr. Prigozhin lost interest. The footage was ultimately used in a 16-minute documentary that has garnered about 35,000 views since Mr. Matveychev posted it on YouTube in 2015. He’s working on similar projects to promote Mr. Putin’s campaign for next month’s presidential election, both at the Kremlin’s behest and on his own initiative.

“Do you think I get money from the Kremlin for creating propaganda every day from dusk till dawn?” Mr. Matveychev said of the popular blog he has published since 2010. “I am an officer of the information war.” — Bloomberg

The benefits of a cashless world

Money as a concept is almost as old as human civilization. Out of all the items commonly found in any individual’s pocket, cash is easily the one thing that has been in use for thousands of years. For good reason: money is portable, easily transferable, and it does its job of acting as storage of value quite well.

But times are changing. The Bangko Sentral ng Pilipinas (BSP) recently signed a memorandum of agreement with the Philippine Payments Management, Inc. with the aim of establishing the required infrastructure for a new retail payment system that would promote the use of cashless transactions in the country.

The new national retail payment system framework could see financial transactions in the Philippines transition from cash and check-based payments to electronic fund transfers and e-wallet disbursements. Another goal is the broadening of financial inclusion through the coverage of more unbanked and underserved areas through alternative and cheaper avenues for settlements. Cash, it seems, is due for an update.

Cashless and electronic transactions, which are increasingly becoming the norm in the Western world, present a massive opportunity for the continued growth of the Philippine economy. Mainly, these opportunities lie in the reduction of costs and the improvement of security of the exchange of goods and services.

But as of the most recent estimates by the BSP, the volume and value of electronic payments in the country make up a ‘negligible’ one percent of all financial transfers. The BSP hopes to raise that number to as much as 20% by 2020 through the new system.

According to a 2017 study published by Visa titled “Cashless Cities: Realizing the Benefits of Digital Payments”, Manila could stand to gain as much as $8.6 billion through the adoption of a cashless payment system.

The report, which analyzes the use, acceptance and cost-benefit impact of physical versus digital money in 100 cities all over the world, estimated that increasing digital payments across the 100 cities could result in total direct net benefits of US$470 billion per year.

“Consumers across the 100 cities currently spend an average of 32 hours a year — nearly a full work week — on cash-related payment activities,” Visa wrote in the report.

“Greater adoption of digital payments is estimated to reduce this figure to 24 hours a year, saving consumers in the 100 cities an average of over $126 million per year. When other benefits of digital payments are taken into account, such as reduction in cash-related crime, these savings could increase to $278 million per city, equivalent to about $67 per adult per year.”

For Manila, these benefits translate into a further $2.5 billion in business revenues, $11.6 billion in savings due to less paper processes, and about $100 million in time saved for consumers.

“From handling invoices and receipts to counting and transporting cash, businesses spend a huge amount of time processing paper. Digital payments, such as contactless cards and e-documents, create significant savings by handling these tasks in far less time,” Visa wrote.

The government could also potentially gain an additional $300 million in increased revenues due to higher sales, as well as $900 million in savings due to cheaper digital payment systems.

Visa has previously revealed its interest in increasing its presence in the Philippines by offering new and more affordable means of cashless transactions tailored towards the country’s unbanked sectors.

“We think electronic payments is good for the economy. It’s good for people. If you bring it down for the people, it’s great because it’s convenient, it’s more secure and it’s a great way to manage your budget,” Visa Country Manager for the Philippines and Guam Stuart Tomlinson had told BusinessWorld. 

He noted that for this to happen, however, there needs to be a change in the perception of the mass market towards electronic payments and the financial technology industry.

“If we think about a country like the Philippines, we’ve got hundreds and millions of small businesses… so we’re sort of developing innovative ways to try and make cost of acceptance much lower for both the bank and the merchant. So basically, on our innovation front, we’re turning the cellphone into an acceptance device,” he said.

“When you get down to that sort of mass market, they want ease and convenience so we try to build innovative use cases around using the mobile phone for electronic payments… We’re working on this with the central bank, we’re working on this with our clients — which are the banks and the telcos — tempering new and innovative technologies to make them cheaper, easier and more convenient for the consumer, for the infra[structure] plans, which are the banks, and for us, Visa, because we’re the network so we can help sort of promote the thinking, innovation and technology,” Mr. Tomlinson said. — Bjorn Biel M. Beltran

Nine ways to cultivate a mentally healthy workplace

Work and mental health awareness are two things that don’t often mix. Many of us even forego our own mental health for the sake of work, pulling off overtime sessions and all‑nighters to slay those deadlines or nab that promotion. To the extremes, too much focus on your job can impact your physical health. Japan even coined the term karoshi, meaning “death by overwork”: a product of a culture of extreme workaholism.

But it doesn’t have to be that way. Local and international organizations have been emphasizing the impact workplaces have on employees’ mental health, and conversely, the increased productivity of workers when they are healthy and happy. In fact, the World Health Organization’s theme for last year’s World Mental Health Day (October 10, 2017) was “mental health in the workplace.”

One of the local initiatives for this cause is Human Resources (HR) Mentoring, a five‑Saturday elective program on HR operations, by HR specialists in various fields. They held an elective specifically about mental health in the workplace last February 17 at UP Manila. HR Mentoring’s main aim is to equip HR practitioners with the right mindset to improve their services, and ultimately their companies, from the ground‑up: “This will lead to industrial peace through the promotion of social justice and responsibility. Industrial peace, on the other hand, contributes to nation‑building,” says Sonnie Santos, founder of HR Mentoring.

Come to think of it,HR practitioners have so much to say about shaping a company’s culture: they’re the first people everyone meets upon entry, after all—an initiative to make HR professionals more considerate of mental health is a major game‑changer to most companies.

The talk was given by Andrea B. Martinez, MA Ed, a professor and mental health professional from UP Manila. Here are her nine things you can do for a mentally healthy workplace:

 

1. Acknowledge stressors and mental health problems while on the job.

Whatever job you may have—be it a 9‑to‑5 office job, part‑time job or unemployment—has a direct connection to your well‑being, and the same goes for everyone else. Just because somebody is currently unemployed doesn’t mean that they are having the time of their lives. In fact, they may be racked with pressure and uncertainty. Even freelancers and those who work from home experience invalidation, even if they have to take their work home with them and juggle deadlines.

Martinez cites a study wherein 32% of government employees in 20 agencies in Metro Manila have reported experiencing mental health problems at least once in their lifetime, with the most common diagnoses being specific phobias (15%), alcohol abuse (10%) and depression (6%). Even with these statistics, it doesn’t seem like mental health issues are given quite enough consideration in the workplace: mental health disorders are still not yet included in occupational and compensable diseases under the Employees’ Compensation Program by the Department of Labor and Employment (DOLE).

Thankfully, we’re close to a National Mental Health Law—but recognition of these issues on the job is long overdue. Acknowledge that mental health is an important factor in job performance and satisfaction. Utilize job orientations, seminars and workshops as opportunities to promote positive attitudes and facts about mental health, but awareness is only the first step. Have a concrete program, policy, and if possible, facility for promoting mental health in your workplace.

 

2. Check yourself.

Mental health begins with yourself. You can’t help others effectively if you yourself are feeling down. Martinez shares that a mentally healthy person is:

a. Reality‑oriented, fairly realistic in appraising and interpreting events, reactions and capabilities,

b. Positive, experiencing many positive emotions and attitudes towards themselves, others, and life in general,

c. In control of oneself, with the confidence to make voluntary decisions rather than making uncontrollable reactions during moments of tension and anxiety,

d. Flourishing, productive and flexible in lifestyle, able to adapt amidst adversity and able to cope in a variety of situations,

e. Able to develop trusting, affectionate and satisfying interpersonal relationships,

f. Emotionally stable, not easily upset or anxious, and able to channel negative emotions into productive pursuits,

g. Life‑oriented, interested in and enthusiastic about life and living,

h. “Spiritual,” not necessarily in the religious sense, but able to develop meaning, direction and a sense of purpose in their lives.

 

3. Recognize some common warning signs of mental health problems at work early enough.

Statistically speaking, young professionals should be especially wary of their mental health, as, according to Martinez, 75% of mental health problems emerge before the age of 25. She added that depression is the leading cause of death for young professionals, from 19‑25 years old. Martinez underscores the importance of checking up on each other, and recognizing that there is a problem before it greatly affects one’s well‑being: “Malaking bagay ang kamustahin mo ang tao, lalo na sa mental health concerns. The way we greet people as Filipinos is ‘kumusta?’ and our default answer is ‘ok lang.’ (…) But you may be broken inside, although you are projecting that everything is okay.”

Some signs to watch out for are feeling low, difficulty in performing ordinary tasks, risk‑taking behavior, withdrawal and self‑isolation, substance use, changes in eating and sleeping patterns, loss of interest in activities, and becoming too preoccupied with a sense of imperfection. It’s at this point that one must seek the help of a qualified mental health professional.

 

4. Be professional when it comes to handling the mental health concerns and history of employees.

Despite the exponentially heightened awareness of mental health in the country, it’s still a sensitive topic, especially at work. Provide support and accommodation to those with mental health problems, but also learn how to traverse the thin line between acknowledgement and patronization. Treat mental health issues just as seriously as physical health issues, but without any hint of coddling or babying.

Another concern that prevents people from disclosing their history of mental illness is the fact that in some cases, it’s not kept a secret. It may even go back to them in the form of distasteful office gossip. The rule of thumb here is confidentiality. Employees should also give their informed consent if they’re compelled to disclose information about their mental health history. Even then, asking about somebody’s mental health history is important only if disclosure is required by law, if there is a life‑threatening emergency, or if it involves a minor (e.g. if there is child abuse, you will have the duty to disclose to law enforcement). There must already be an existing case, or you must have reason to believe it is in the interest of public safety to disclose the employee’s mental health history.

 

5. Promote the positive aspects of work and the workplace.

So much of what we do for work is tied to our identity—promoting all the positive aspects of the work they do, as well as giving them incentives and a clear sense of what the company is about/what the company does will greatly benefit the mental health of employees. After all, everyone wants to feel appreciated and accomplished from time to time.

Martinez mentions that the four key elements of a good workplace include: a positive physical work environment, a positive psychosocial work environment, enterprise community involvement and personal health resources.

 

6. Recognize—and do something about—risk factors for mental health problems in your workplace.

Studies in the US suggest that mental health disorders have an economic burden of about 45%, computed in terms of productivity, lost quality of life and lost money. No employer wants to admit that their workplace has potential risk factors for mental health problems, but some self‑reflection or company appraisals may do wonders not just for the employees, but for the productivity of the company as well.

Common risk factors in the workplace include stressful working conditions, harassment and bullying, inadequate health and safety policies, poor communication and management practices, limited participation in decision‑making, low control over one’s area of work, low levels of support for employees, workload, inflexible working hours, unclear tasks and unclear organizational objectives.

 

7. Equip employees with positive coping mechanisms and opportunities to unwind.

Employees may cope in negative ways, such as by drinking, smoking, gambling drug use, too much sex, aggression and violence, absenteeism and even workaholism. Despite how much we glorify productivity these days, that last bit is not something to be lauded: it is, more often than not, a way for employees to cope with some other stressor in their life (e.g. a stressful home life).

Team building activities and opportunities to socialize with each other outside of the work context may greatly help the mental health of employees. Martinez mentions that some companies even hire masseuses to visit the office, so that their workers can unwind in the convenience of their workplace.

Orientations or workshops may also help, such as stress management, anger management, assertive communication, work‑life balance, meditation, life skills coaching and peer counseling.

 

8. Update company policies and management styles to include mental health in the picture.

Again, have policies and programs in place to benefit the mental health of employees. Review policies on the aforementioned risk factors, as well, such as company policies against bullying and harassment.

Management styles may also need to be adjusted, especially if it isn’t a good fit for the workers. Overly authoritative or overly complacent management tactics may be causing avoidable stress to a company’s workers.

 

9. Have an HR department equipped to handle mental health issues.

But this is not to say that they should shift their specialization to clinical psychology. Human resources aren’t just for recruitment and training—they’re the ones we go to if we have concerns or grievances, as well. Giving the HR staff (or even the entire organization) basic psychological first aid training will help prepare them in the event of a mental health crisis. Nobody expects these things, after all.

Martinez’s tips for administering basic psychological first aid are: nonjudgmental listening if the person wants to talk, identifying and addressing basic practical needs, discouraging negative coping strategies, encouraging (but not forcing) the company of family and friends, maintaining confidentiality, and culture sensitivity. The key point is not to do any further harm to the person, so as to avoid re‑traumatization.

Whether you’re in the HR department or not, you can do something to make your own workplace more attentive to mental health—and your awareness is a great first step. The workplace should be treated like our second home, and action must be taken from wherever you are in the organization or company to keep it that way.

Ten Philippine universities offering UK master’s degrees

Students from 10 higher education institutions in the Philippines will soon get the chance to get United Kingdom postgraduate degrees without having to leave home.

This year, the partnership signed between the Commission on Higher Education (CHED) and the British Council two years ago will take effect. Filipino students will get access to UK postgraduate programs while staying enrolled at selected universities through double and dual degree programs that will be available as early as next school year.

University representatives from both nations, who attended the press conference on February 16 at the Makati Shangri‑La Hotel, hoped that this Joint Development of Niche Programmes (JDNP) project will strengthen linkages between our two countries. There are ten participating Philippine universities, nine participating UK universities and seventeen degree programs between them.

The following are the participating Philippine universities, their partnered UK institution, and degree programs offered:

1. Ateneo de Manila University and Queen Mary University of London

Dual degree ‑ Master of Science Innovation through Media Arts Technology

Dual degree ‑ Master of Science in Data Science

 

2. Bicol University and University of Liverpool

Dual degree ‑ Master of Science in Sustainable Food Systems

 

3. Central Luzon State University and the University of Liverpool

Dual degree ‑ Doctor of Philosophy in Sustainable Food Systems by research

 

4. De La Salle University and Liverpool Hope University

Dual degree ‑ Master of Science in Computer Science

Dual degree ‑ Master of Science in Data Science/Data Engineering

Dual degree ‑ Master of Science in Robotics Engineering

Dual degree ‑ Master of Science in Sport and Exercise Nutrition

 

5. Miriam College and Goldsmiths University of London

Dual degree, Postgraduate Certificate and Master of Arts in Designing Education

 

6. Saint Louis University and Coventry University

Dual degree ‑ Master of Science in Disaster Risk Reduction and Management

 

7. Siliman University and Newcastle University

Double degree, Newcastle University ‑ Master of Research in Marine Ecosystems and Governance

Double degree, Siliman University ‑ Master of Research in Tropical Biological Oceanography

 

8. University of the Philippines‑Institute of Environmental Science and Meteorology and University of Reading

Dual degree ‑ Doctor of Philosophy (by research) in Meteorology

 

9. University of the Philippines Los Banos and University of Reading

Dual degree, Doctor of Philosophy (by research) in Horticulture

 

10. University of San Carlos and Coventry University

Dual degree, Doctor of Philosophy in Engineering

 

11. University of San Carlos and Cardiff Metropolitan University

Joint degree, Master of Arts and Design

 

12. University of Santo Tomas and University of Reading

Dual degree, Doctor of Philosophy in Built Environment/Architecture

 

13. University of Santo Tomas and University of Leeds

Ladderized program, Master in Public Health (International) with UST to a Postgraduate Certificate with University of Leeds

 

Enrolment in the above degrees in the Philippines ensures your registration in their counterpart UK universities. Depending on the program you enrol in and the requirements set by both universities, you may be required to briefly go to the UK for a few months to a few years to get your degree.

The programs were selected based on the perceived need of experts in the above fields in the Philippines. For example, the natural science degrees offered will help our country when it comes to coping with climate change, food security, and disaster risk management.

“I think the strategy of many developing countries is that if we want to develop these niche programs is to partner with other institutions that are very strong in these programs,” said Dr. Cynthia Bautista, vice‑president for academic affairs of the University of the Philippines (UP), citing UP’s partnerships in horticulture and meteorology. “That’s the fastest way. So that’s helpful to the country, and we’re working for the common interest of the universities.”

But it doesn’t stop here. CHED officer‑in‑charge Prospero De Vera III said that they are working on forging more partnerships between other Philippine universities and their counterparts not just in the UK but also in Canada. “We are in the process on looking at the policy of transnational education (TNE) and looking at the next batch,” said De Vera during the press conference. “We are committed to continuing the partnership on the side of the Philippine government.” ‑Lucia de Guzman

Potent commercial vehicles

Deciding which commercial vehicle to buy for your business can get very confusing. For one, there is an overwhelming abundance of options. And there is the temptation to choose either the cheapest or the most expensive model, a decision that often leads to regret. Below is a list of the offerings by some of the country’s best-known commercial vehicle manufacturers that you might want to take a closer look at.

Kia K2700

The K-series truck from Kia Motors Philippines has an ambitious goal: to change the way truck is perceived. “With greater utility and a level of refinement you would expect to find in only a passenger car, the K-series truck not only makes getting the job done easier, it lets you do it in comfort,” the company says. Its exterior features a rear gate chain that is covered to protect against corrosion; a catcher that promises better grip; and a round-edged brim cover that allows easier loading and unloading. Driving the truck is made comfortable by the steering wheel whose height can be adjusted. And for storage needs, the glove box provides up to 11.13 liters of space. Powering the K2700 is the 2,665 cc J2 engine that is capable of producing 80 pferdestärke (ps) at 4,000 revolutions per minute (rpm) and 16.8-kilogram meters (kg m) of torque at 2,400. The truck is also equipped with a number of safety technologies, like the back warning system that alerts the driver to the obstacles behind the vehicle.

Hyundai H350

Hyundai Asia Resources, Inc.’s H350 model of light commercial vehicle showcases the South Korean brand’s modern family aesthetic, as well as its practical and sophisticated styling — from the front fog lamps set back into the front bender to ensure maximum visibility to the aerodynamically sculpted side mirror housings that minimize wind noise. H350’s interior boasts of advanced ergonomics and driver-focused efficiency. “Driver-focused H350 remains true to Hyundai’s core design principles of safety, ease-of-use and simplicity. With its spacious cabin, clear visibility and supreme car-like comfort, there’s always room for all,” the company says. A 2.5 CRDi diesel engine, with a six-speed manual transmission for rear wheel drive, powers the H350, allowing it to maximize drivability and deliver an efficient and safer ride. Seventy-five percent of the chassis of the H350 is made from high tensile steel to achieve optimum crew and cargo protection. And with the vehicle dynamic control system that triggers relevant brakes, the driver wouldn’t have to worry about keeping the H350 on course.

Tata Ace

Tata Motors Philippines describes its Ace model of small cargo truck as having “superior safety, versatile performance and ease of maintenance.” The company adds that it has changed the face of sub 1-ton goods carriers. Among Ace’s key exterior features are the wide-angle outer rear view mirror and a headlamp. Meanwhile, the interior highlights of the vehicle are the ergonomic steering wheel and the classy dashboard. Ace is powered by a 2 cylinder water-cooled engine capable of producing a maximum output of 16 horsepower (hp) at 3,200 rpm, and a maximum torque of 38 Newton meter (Nm) at 2,000 rpm. It also has a four-speed manual transmission and single plate dry friction diaphragm type of clutch. Ace can reach a top speed of 60 kilometers per hour (kph) and carry up to 70 kilograms of payload.

Nissan NV350 Urvan

The NV350 Urvan of Nissan Philippines boasts a sturdy construction, with a clean, modern look. The cargo van variant of the Urvan has a long body and a high roof that adds extra headroom as well as interior space for hauling big loads and large volumes. “Engineered with the worker in mind, NV350’s cabin was constructed for roominess and ease of use,” the company says. The cabin contains multi-function display that provides real-time fuel efficiency information, and odometer and trip meter data. To ensure, the NV350 Urvan is equipped with Supplemental Restraint System airbags and seatbelts. It also has an anti-lock brake system and a brake assist system that together assist the driver during braking, preventing tires from sliding and increasing braking pressure in emergency situations. The diesel 2.5-liter 4-cylinder engine that is inside the Urvan does not only offer high torque output but is also fuel-efficient and produces low noise.