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Integrated PPP vs Hybrid PPP: The case of Kaliwa Dam

Integrated Public-Private Partnership (PPP) means the construction then operation and maintenance (O&M) phases will be done by a single entity while Hybrid PPP means the construction is done by one entity, the O&M to be done by another entity. Funding of the former therefore will be fully shouldered by that entity while in Hybrid PPP, construction cost to be funded via ODA/foreign loan or Philippine government budget appropriation, O&M by a local private firm.
So if one will build a dam near Metro Manila, a Hybrid PPP route means taxpayers from Northern and Southern Luzon, Visayas and Mindanao will contribute to pay for that loan. In an integrated PPP, only the users and consumers of the water from that dam will pay, the users-pay principle works.
The Metropolitan Manila Waterworks System (MWSS) is pushing an important project, the proposed New Centennial Water Source Project (NCWSP). It will involve the construction of a dam at the Kaliwa River (Laiban Dam), and a smaller dam (Kaliwa Dam) downstream to maximize the water supply, give additional 600 million liters per day (MLD) to augment the 4,000 MLD from Angat Dam in Bulacan which provides potable drinking water. This is important not only because of rising water demand but also for backup, in case the old Angat Dam will be damaged by a strong earthquake.
A Japanese firm, Global Utility Development Corp. (GUDC), signed an MOU with MWSS in 2008 for an Unsolicited Proposal on Kaliwa Intake Dam Project, BOT scheme. The proposal was completed in November 2009.
Somehow plans have changed, MWSS has amended bid contracts, the integrated PPP later became hybrid PPP. I checked old BusinessWorld reports on the subject, I found these four stories.

1. San Miguel mulls legal steps as Kaliwa dam project to be funded by China ODA (Oct. 3, 2017).

2. MWSS expects three Chinese firms to buy Kaliwa dam project bid documents (Feb. 16, 2018).

3. China-funded Kaliwa dam, LGU surveillance projects seen making progress (July 19, 2018).

4. Manila Water flags risk of water shortage between 2021 and 2023 (Aug. 30, 2018).

So the original proponent GUDC, then San Miguel, Datem, other bidders were somehow lost in the process when the Duterte administration came.
Then GUDC was given consideration because its proposal is about 30% cheaper than the China-funded one. From various sources, I gathered these info and summarized them in this table.
Integrated PPP vs Hybrid PPP
So there. Not only that the cost is higher under China contractors because of its oversized design and other factors, the rest of Philippine taxpayers will be involved in paying this higher cost. This is anomalous because the users-pay principle under integrated PPP works just fine.
The MWSS website said that “Project Cost P18.7 Billion, to be funded from ODA from China. Loan Signing scheduled on the state visit of China President Xi Jinping on Nov. 19-21, 2018.” Wow, formalizing the anomaly.
Incidentally, public vs. private funding of infrastructure and other social services will be among the topics that will be covered by the various panels in the Philippine Economic Society (PES) annual conference today, Nov. 8, then the Federation of ASEAN Economic Associations (FAEA) conference, Nov. 9-10, 2018. Both to be held at Novotel Hotel, Cubao, Quezon City.
Economists have elaborate explanations on the beauty of users-pay principle, far superior than all taxpayers-pay policy under the Hybrid PPP scheme. This administration is compromising current and future taxpayers with this suspicious scheme, Kaliwa dam and other projects.
 
Bienvenido S. Oplas, Jr. is the president of Minimal Government Thinkers
minimalgovernment@gmail.com

Civilizing the workplace

Whether here or abroad, the level of nastiness in national politics in recent years has reached perhaps its highest peak in history. It often appears that the gloves are off for most candidates, many of whom find it appropriate to make the most horrible public comments about others, often their opponents or critics, but sometimes even completely uninvolved people.
But the workplace is not immune to nastiness. In fact, incivility in the workplace has been observed at work for as long as there have been offices and factories. In recent decades, however, I’ve tended to think that workplace kindness is in real danger of going out of style.
In 2007, Robert Sutton, professor of management science at the Stanford Graduate School of Business, was prompted by his research and observations to write the best-selling book The No Asshole Rule: Building a Civilized Workplace and Surviving One That Isn’t. In defense of the mildly obscene title, Sutton explained that while some may find it offensive, no other word captures the emotional impact that workplace nastiness causes.
What kinds of nastiness does Sutton argue against in his book? He refers to behaviors of workmates, whether peers, superiors, or even subordinates, that leave one feeling demeaned, de-energized, and disrespected.
He cites research showing that workplace nastiness affects wellbeing in many ways. Victims have complained of anxiety, depression, job and life dissatisfaction, and sleep and physical health problems, among others. The effects on performance are equally troublesome: less productivity, more errors, less creativity, poor customer service, stealing and waste, turnover and absenteeism, and less willingness to go the extra mile for the organization.
How can you spot nasty behavior? Sutton gives a list that is straightforward and, unfortunately, quite familiar to people who have worked long enough: insults, violation of personal space, unsolicited touching, threats, sarcasm, shaming, and backbiting.
office
The list is somewhat surprising because the behaviors can be quite common in the workplace. Indeed, I have lapsed into some of these behaviors more than once and been given much-deserved corrective feedback for them. I shudder to think at the many times that no one cared to give me feedback.
The lack of corrective feedback is a major reason why workplace nastiness thrives and even escalates to be part of the workplace culture. In contrast, some companies nip the problem at the bud by adopting rules against nastiness. Robert W. Baird & Co., headquartered in Milwaukee, Wisconsin, has been recognized by Fortune as one of the Top 100 Places to Work For for more than a decade. As reported by Fortune, a key part of the leadership philosophy of Paul Purcell, Baird’s President and CEO, is to enforce a “No Asshole Rule” (NAR). He shares that problematic individuals he has dealt with are consistently full of themselves and arrogant. He believes that “If we treat everyone with dignity, they will work harder and do anything for you.”
The case of Baird is remarkable because the effort to prevent nastiness comes from the very top. More commonly reported are famous cases of nastiness coming from people at the top. Fortune has reported on well-known “Tough Bosses” and Business Insider has reported on “Executives Who Lead by Fear.” Both reports include some of the most visible names in corporate America.
Unfortunately, some leaders enable nasty behavior by not providing the specific guidance exemplified by Baird. They don’t intervene even when they witness abusive behavior. And when they are complained to, they explain away the rudeness by making excuses for the offenders or saying that the victims are merely overreacting. If you are caught in such situations, you have to defend yourself.
In his recent follow-up book, The Asshole Survival Guide: How to Deal with People Who Treat You Like Dirt, Sutton gives some advice. Consider leaving the situation or at least distancing yourself from the problem person. Nastiness is like kryptonite, he says, and you can lessen harm by limiting the frequency, duration, and intensity of your exposure to nastiness.
Sutton also recommends that you change your perceptions about the person and the behavior. Empathizing with the person, depersonalizing the behavior, and rising above it may help your emotional detachment.
Sutton also recommends fighting back as an option, but only if you can muster the power, produce the documentation, gain support from others, and have fallback options that won’t hurt you. This is the most politically challenging option that needs to be taken only after plenty of thought.
Everyone deserves a civilized workplace, but sometimes we need to take active steps to build it.
 
Dr. Benito L. Teehankee is a full professor of management and the coordinator of the Business for Human Development Network of De La Salle University.
benito.teehankee@dlsu.edu.ph

Rethinking recycling

About 18 years ago, I had a management professor at AIM who wasn’t completely sold on recycling. In one class discussion, Ning Lagman, whom I believed has retired from teaching, expressed the opinion that recycling would be insignificant in a production process that reduced or minimized, if not eliminated, “waste.” Without waste, there will be nothing to recycle.
Ning Lagman came to mind with news about how the world is now grappling with a garbage crisis after China closed its doors to much of the plastic “recyclables” from developed countries. China has become choosy with garbage, and rightly so. It now wants quality recyclables that are easier to process, and that have gone through some process of cleaning, and not just sorting.
And all this time, I thought many rich countries did their own recycling. It turns out, a big bulk of the recycling is done in China. National Geographic notes that about 45% of the world’s plastic waste exports go to China for recycling. The rich countries don’t recycle their own plastic garbage. They just bale them, and then ship them. China has been doing the dirty work for them.
Plastic waste imports into China, based on 2016 statistics from National Geographic, came mostly from these top 10 sources: Japan, the United States, Thailand, Germany, Belgium, Philippines (6th), Australia, Indonesia, Canada, and South Korea. So, with China now being selective, such wastes have been accumulating in these countries since the start of this year.
The process has always been “reduce, reuse, recycle.” In short, the cycle starts with reducing waste, and not recycling it. After all, with reduction and reuse, perhaps there will be little left for recycling. However, in the case of the Philippines, for instance, it doesn’t seem like there is any concerted effort to reduce and reuse garbage. And we have limited recycling capabilities.
We, the residents of big cities and towns, always assume that garbage trucks will come regularly, and that these service providers will take charge of collecting, sorting, and disposing our garbage for us. We have little care or concern for where our garbage will end up, eventually. We simply assume that our local officials, in exchange for our votes, will take care of the problem for us.
Personally, I don’t know where my garbage goes, whether they end up in landfills or are baled and shipped out to China. Maybe this should change. Perhaps it is time we take note of what and how much we actually throw out. Disposing becomes less of a problem if there is a conscious effort to reduce and reuse. Reducing and reusing, unlike recycling, means taking more responsibility for one’s own waste, and not simply passing on the problem of disposing to others.
This is why I cannot understand why the Department of Agriculture (DA) now insists on making millers and traders sell rice in retailing bags of different sizes, pretty much like shampoo and liquid soap sold in sachets. Rather than promoting the reduction of waste and the elimination of single-use plastic bags, this initiative will simply compound the garbage problem.
As for the DA claim that it is unsanitary to retail rice in bins rather than in sealed plastic bags, this has been the practice since time immemorial in most markets, and we are not any worse for it. I have not seen research data and scientific studies from DA to prove that selling rice in bins has made people sick, or that selling rice in sealed plastic bags makes rice safer and healthier.
Also, we continue to sell other produce like fruits and vegetables and meats “openly” in markets. We have not mandated the use of sealed plastic bags for them, for “sanitary” purposes. So, why should rice be any different? Considering that rice was never meant to be eaten raw, unlike fruits, some vegetables, and even some fish. So, why require “plastic bags” for rice?
“Asyong Aksaya” was an advocacy campaign that ran in the 1970s to popularly promote energy conservation and saving resources. In the 1990s, we had a “Yosi Kadiri” to advocate against smoking and to promote a healthier lifestyle. I think a new campaign is now in order, but one that takes “reduce, reuse, recycle” to a new level. People, down to the household level, should start realizing the urgency particularly of reducing their own waste and keeping their garbage to a minimum.
FEEDBACK
I received a number of comments recently regarding my column on retirement, particularly raising the retirement age to older than 65 years. A couple of readers, both seniors, believe that old people still have plenty to contribute to the economy and society.
One of them says that at 79 summers young, he is still “actively working, writing, building and fixing in [his] workshop, and active in various business and social organizations.” He adds, “I believe that’s what keeps me alive.” And this, to me, is the crux of the matter. I truly believe that having a reason to get up in the morning is a strong motivation for one to keep going.
Yet another reader, a government worker, offered a different perspective, as well as the clarification that for public servants in the bureaucracy, mandatory retirement is actually already at 65 and not 60 years, as I had written. But, upon reaching the age of 60, government employees may opt to retire, voluntarily.
And this is what she had to say about raising the retirement age: “In my experience, I know more people who continue working after reaching the age of 60 because they said they have nothing else to do if they retired, and that they’ll be bored; and, that they want to maximize the benefits they’re getting.”
In contrast, she cited the case of her superior at work, who would rather retire early (upon finishing 15 years of government service). Some people opt to retire so they can finally start on other things they want to do or accomplish in life, like teaching, writing a book, or traveling, she said. She added, “They argue that they won’t be able to enjoy their pension if they retire at an older age.”
She also noted that “there are people who are still capable and willing to work even at 65. However, these people are rare to find (in my opinion). There are people who, upon reaching old age, lose their passion for, and commitment to, work. They reason out that ‘they’re already retiring’ and no longer strive to learn new things (technology, most especially) and innovate in the workplace, or do more of what is expected of them.”
I cannot agree more with our readers, and I thank them for their comments. Perhaps it is rare for people, in their advanced age, to still have passion and strong desire to work – or be healthy enough for it. But, in parting, I offer this thought: Perhaps we can rekindle in our seniors the passion and the desire to work, and to be productive, by creating the opportunity for them to remain gainfully employed, or to be entrepreneurial, even in their twilight years.
 
Marvin Tort is a former managing editor of BusinessWorld, and a former chairman of the Philippines Press Council
matort@yahoo.com

Clicking at a fast pace

By Tony Samson
WITH the invention of the camera built into the handphone, a gadget as indispensable as the wallet or purse (OMG, I forgot my phone at home), any grouping of people can be photographed and the image quickly posted. A camera always at hand has changed behavior, especially the social pastime of rumor mongering.
This phenomenon of the viral gossip was effectively visualized in the movie, Crazy Rich Asians, when the most eligible bachelor (Nicky) dated in New York and invited home to Singapore for a wedding his girlfriend, Rachel. The text messages and photos whirled across the Pacific in nanoseconds to create buzz in another part of the world.
The “photo-me” habit has gone beyond the selfie. Even with the clumsily telescoping selfie stick that can, with the right length, take a graduation photo, there is still the need to enlist the help of third parties to get a shot that can take in the background, say, the Eiffel Tower. Waitresses have as part of their new job description the ability to take photos using different gadgets, sometimes in one setting — can you take another one with my phone? (Heads closer, please.)
The craze to memorialize the moment has gone to unintended lengths.
Celebrity couples having dinner in a restaurant can be snapped by a fan. (Did you just take our picture?) The whole incident may wind up as a court case, against the celebrities digitally bullying the stalker by calling her a stalker. The lawyers have their media moment along with a grieving mom — how much rest does she need for that pregnancy?
Very intimate moments (I want to remember this forever) — she is doing yoga on a mattress, are uploaded for public viewing, when extracted from phones being repaired. Even old video scandals of now married and sedate couples are still doing the rounds. (Look at your waist then, Hon.)
What about the blogs of food reviewers? Will they be complete without a shot of the pasta to be had in Venice — the most glorious olive oil and garlic angel hair pasta in the world. The superlatives are not too far behind, even with a blurred shot from shaking with too much enthusiasm. (Even the burps are delicious.)
Can road rage be newsworthy without a stolen video from a phone recording the aggressive lady beating up a senior citizen? (It was his fault.) This kind of candid camera moment is sure to make it to primetime news and YouTube on a slow news day without a super-typhoon. Follow-up stories will have the TV crew camping outside the garage of the violent matron who is unavailable for comment.
In his book, Thinking Fast and Slow, psychologist Daniel Kahneman distinguishes between the “experiencing self” and the “remembering self.” A concert lasting two hours may be afterwards characterized for the discordant last three minutes by the remembering self. This dismisses the brilliant 117 minutes of the experiencing self as somehow irrelevant, depicting the whole concert a disaster. This phenomenon of memory is also tagged as “duration neglect.” The longer duration of brilliant music is forgotten because of the bad ending which lasted just a few minutes.
Do photos of a dinner ensure that the experiencing self is preserved. If later that evening, one loses his credit card, does that unconnected incident take away the pleasure of the dining experience? Of course, it does. The evening will thereafter be remembered as the night you lost your credit card, not the lobster and wine experience. Maybe the bad memory is balanced out with photos of the enjoyable meal.
A few believe that the photo craze takes something away from an actual experience. They bring no cameras nor take photos with their phones, as this distracts them from feeling the moment. Can the setting sun in the Aegean Sea viewed from a yacht not be more intensely felt by not having to scramble around to get a better angle on the clouds turning orange and gray with the sun behind the clouds — oops, you missed the penumbra moment. Poets shouldn’t take photos.
Clicking at a fast pace turns the moment into just a photo op. With memorable slices of life, it’s the remembering self that keeps the emotional files. And when memory flees (as they sometimes do), so do the emotions. And by that time, it hardly matters. Everything by then is in the cloud, of one sort or another.
 
A.R. Samson is chairman and CEO, TOUCH xda.
ar.samson@yahoo.com

Bolts force a rubber match

By Michael Angelo S. Murillo
Senior Reporter
THE resurgence of the Meralco Bolts in the Philippine Basketball Association Governors’ Cup continued on Wednesday with a 90-74 victory over the Phoenix Fuel Masters in their quarterfinal face-off.
Holding a twice-to-win disadvantage against the second-seeded Fuel Masters, the Bolts, the number seven team, bucked the handicap with a total team effort on both ends of the court, especially in the second half, to force a rubber match on Friday.
It was also the fifth straight win for Meralco, which moved its way from the brink of outright elimination in the classification phase to enter the playoffs via the backdoor.
Import Allen Durham led the Bolts with 26 points and 14 rebounds with Chris Newsome adding 16 points.
Baser Amer had 14 points and six assists while Nino Canaleta and Mike Tolomia came off the bench to contribute nine points each.
For Phoenix it was import Eugene Phelps who led the way with 27 points and 17 rebounds.
Calvin Abueva also had a double-double of 18 points and 12 boards.
In winning the game, Meralco used a solid third-quarter effort where it outscored Phoenix, 33-20, to turn a two-point deficit, 35-33, at the half to a 66-55 advantage entering the fourth period.
The Fuel Masters tried to rally back in the final quarter but had little success as they failed to hit their mark.
“We just have to go back because we know they will make the adjustments. We have to play with the same aggressiveness and stick to the game plan and get another one on Friday,” said Mr. Newsome, named player of the game, of the mindset they should have in the rubber match.
‘MANILA CLASICO’ SEMIFINALS
Meanwhile, the defending champions Barangay Ginebra San Miguel Kings and Magnolia Hotshots Pambansang Manok are to meet in a best-of-five ‘Manila Clasico’ semifinals in the PBA Governors’ Cup.
The Kings and Hotshots set up their much-anticipated semifinal collision after dispatching their respective opponents on Tuesday, seeing no need to make use of their twice-to-beat advantage in the quarterfinals.
Top seed Barangay Ginebra, gunning for a three-peat in the season-ending PBA tournament, eliminated the NLEX Road Warriors, 111-75, while Magnolia survived the Blackwater Elite, 103-99.
The Kings dominated the Road Warriors en route to the victory with contributions coming from all directions.
Japeth Aguilar led Barangay Ginebra with 18 points and 10 rebounds with Greg Slaughter adding 16 and seven.
Sol Mercado had 14 points while import Justin Brownlee had a triple-double of 13 points, 10 rebounds and 10 assists.
Magnolia, for its part, had a harder time as it got much resistance from Blackwater.
The Hotshots held tight in the end as the Elite made a serious push to snatch the win and extend the affair to a rubber match.
Paul Lee had a double-double of 22 points and 12 boards while import Romeo Travis had a triple-double of 18 points, 20 rebounds and 12 assists.
Ian Sangalang also had 18 markers.
Meeting their PBA rivals anew in a high-stakes contest, the Kings are bracing for a dogfight.
“It’s always an incredible series [when we face Magnolia]. We are playing well of late but it’s going to be a tough one. Hopefully we can sustain our form,” said Kings coach Tim Cone after securing a semifinal spot.
In their lone encounter in the elimination round, Barangay Ginebra got the better of Magnolia, 93-86.

Falcons soar past Tigers to book Final Four spot

By Michael Angelo S. Murillo
Senior Reporter
THE Adamson Soaring Falcons are Final Four-bound for the third straight year after defeating the University of Santo Tomas Growling Tigers, 96-83, in their key University Athletic Association of the Philippines Season 81 match on Wednesday at the Smart Araneta Coliseum.
Needing to win to book a semifinal spot complication-free, the Falcons (9-3) delivered on the back of a stronger effort in the second half to beat the Tigers (5-12), whose playoff hopes became more precarious with the loss.
Knowing the significance of the contest, the two teams came out slugging to begin the match.
The count stood at 14-all with 4:13 left in the opening quarter and it continued to be tight for the remainder of the frame with Adamson holding a slim one-point lead, 21-20, at the end of the first 10 minutes.
Both teams hardly budge to begin the second quarter, fighting to yet another deadlocked score of 29-all midway into the canto.
Sean Manganti and Simon Camacho led a 7-3 run in the next three minutes to help the Falcons to a 36-32 advantage.
But the Tigers, with Marvin Lee and Renzo Subido pacing, would not relent in their fight back, outscoring Adamson, 8-3, to overtake the latter, 40-39, by the halftime break.
At the start of the second half, the Falcons stepped up their defense and started to create some separation.
They raced to a 15-0 run in the first four minutes to build a 54-40 advantage behind the efforts of Jerrick Ahanmisi and Jerom Lastimosa.
UST though would regroup and halt Adamson’s run, scoring seven straight points care of Subido, Zach Huang and Germy Mahinay to trim their deficit to seven points, 54-47, with 4:03 to go in the third period.
Adamson would survive the UST onslaught to take a 70-58 lead heading into the fourth quarter.
The Tigers tried to claw their way back to begin the payoff quarter, coming to within eight points, 77-69, by the 6:18 mark.
They kept charging but the speeding Falcons would not allow them to get any closer, answering everything that UST threw at them.
Adamson held an 87-78 advantage with two minutes remaining and sped to the victory from there.
Manganti showed the way for the Falcons with 22 points to go along with seven rebounds, four assists and two steals.
Camacho had 15 points while Ahanmisi had 13 markers. Big man Papi Sarr, meanwhile, had a double-double of 11 points and 14 rebounds.
For UST, it was Subido who top-scored with 21 points followed by Lee with 18.
Rookie CJ Cansino had 17 points, 12 rebounds and six assists.
Adamson next plays on Nov. 10 against the already-eliminated University of the East Red Warriors (1-11) where the Falcons will try to fortify their place for a top-two finish and the twice-to-beat advantage in the semifinals.
UST also plays on the same date against the University of the Philippines Fighting Maroons (6-6) where they hope to win and stay in the hunt for a playoff spot.

PHL women’s football team Malditas shoot for second win in Olympic qualifier

HAD an auspicious start to its 2020 Olympic Asian Qualifiers bid last weekend, the Philippine women’s national football team looks to sustain it as it returns to the pitch today against host Tajikistan at the Hisor Central Stadium.
Fresh from their 9-0 demolition of Singapore on Nov. 4, the Philippine Malditas go for their second win in Group A of the tournament and put more leg in their push to the next round of the qualifiers.
In beating Singapore, the Malditas were thorough right from kickoff.
Shelah Cadag got the scoring going early, notching two of her hat trick inside the first five minutes of the contest.
Ms. Alesa Dolino and Ms. Hali Long joined the fray with goals in the 27th and 32nd minute, respectively, before Ms. Cadag completed her hat trick in the 43rd minute and hand the Philippines a commanding 5-0 lead at the halfway point.
In the second half, the Philippine national football team juggernaut continued.
Irish Navaja made it 6-0 for the Malditas when she scored in the 52nd minute.
Sara Castañeda followed it up with another goal five minutes later before Ms. Long added one in the 59th minute.
Ms. Navaja connected in the 67th minute to complete the rout.
Waiting for the Malditas today is Tajikistan, currently at third spot in Group A with a 1-1 card.
The hosts won over Mongolia, 4-1, in their opener on Sunday then bowed to Chinese Taipei, 9-0, on Tuesday.
In the Olympic Asian Qualifiers the winners in the four groups, runners-up and two best third-placed teams advance to the second round, which begins play in April next year.
Making up the Philippine team seeing action in Tajikistan are players culled mostly from teams playing in the Philippine Football Federation Women’s League 2018 and the University Athletic Association of the Philippines.
The first round of the Asian Qualifiers is ongoing until Nov. 13 — Michael Angelo S. Murillo

Sotto: Honasan to be nominated DICT chief

By Charmaine A. Tadalan, Reporter
SENATOR Gregorio B. Honasan II may be nominated next week, when the Senate resumes sessions, as the new head of the Department of Information and Communications Technology (DICT), Senate President Vicente C. Sotto III said on Wednesday.
“I think when we resume next week, he would still be in the Senate. But I think the nomination will come out already,” Mr. Sotto said in a briefing on Wednesday.
Mr. Sotto said the appointment was discussed on Oct. 29 with President Rodrigo R. Duterte, in a meeting with Senators Honasan and Panfilo M. Lacson, Executive Secretary Salvador C. Medialdea and former Special Assistant to the President Christopher Lawrence T. Go.
“I hope ‘di ko pinangungunahan ang Palasyo o pinangununahan si Greg pero napag-usapan talaga noon ‘yun. (I hope I am not preempting the Palace or Greg, but that’s what we discussed then). As a matter of fact, I think if you ask the President, he will confirm it. Napag-usapan lang namin kasi Nov. 12 na para ‘di ad interim, para nomination, (We agreed on Nov. 12 so that it will be a nomination instead of an ad interim appointment)” Mr. Sotto said.
“In other words, senator pa rin s’ya hanggang i-confirm s’ya. ‘Pag na-confirm siya ng CA (Commission on Appointments) at nag-oath siya, resign as sen(ator),” Mr. Sotto added. (In other words, he remains a senator until his confirmation. Once he has been confirmed by the Commission on Appointments and has taken oath, he’ll resign as senator).
“Hopefully before December break, (Mr. Honasan gets the CA nod), because otherwise he will be deemed bypassed, the same with Sec. (Eduardo M.) Año,” Mr. Sotto also said.
“Kung wala namang objections, wala namang violent objection from any members of the CA, ma-i-confirm na namin sila agad para ‘di na sila ma-bypass at ‘di na kailangan na ma-reappoint.” (If there are no objections, no violent objections from any members of the CA, we can confirm them immediately so that they will not be bypassed and no reappointment will be needed).
The Senate President added that Mr. Honasan “would be an asset in the DICT. Ang nakikita lang natin sa DICT is ‘yung communications. Hindi eh, kasi ang laking factor du’n ng national security, even in the entry of third telco and all that.” (What we see in DICT is the communications aspect. But no, national security is also a big factor, even with the entry of [the] third telco [player] and all that).

ONE enters partnerships to launch global eSports championship series

SEEING how eSports has taken much root in the last few years, ONE Championship has decided to tap into it, partnering with major groups to bring about a global eSports championship series.
Officially launched on Wednesday, ONE eSports, touted as Asia’s largest global eSports Championship Series, is designed to give added dimension to the ONE brand and lead the eSports industry in the region.
It was announced that ONE has entered into a partnership with Dentsu, Inc., Japan’s largest global advertising agency, to launch ONE eSports as a joint venture together in 2019.
Memoranda of understanding were also inked with Razer, Singtel, and other top industry players.
Under the deals, ONE intends to lead a plan to invest up to $50 million alongside key partners into ONE eSports to create Asia’s largest global eSports Championship Series while also featuring multiple blockbuster game titles across Asia and hold a number of eSports events held alongside ONE martial arts events beginning next year.
“It is with great excitement that I announce ONE eSports. We see a natural crossover between martial arts and gaming fans in Asia and an opportunity to bring them together under Asia’s home of millennial live sports. ONE Championship is committed to bringing its same brand of large-scale event production and live broadcast capabilities, unique world-class content production, global media distribution, storytelling expertise, and marketing experience to ONE eSports. Our mission is to celebrate Asia’s eSports heroes on the global stage. The establishment of ONE eSports transforms ONE Championship into Asia’s largest producer of millennial sports content,” said Chatri Sityodtong, Chairman and CEO of ONE Championship, as he made the announcement.
Dentsu also expressed the same excitement, seeing how it would complement the growth of eSports in Asia.
“We are pleased to announce this partnership with ONE Championship as we look to further develop the rapidly growing eSports industry in Japan and the rest of Asia. We recognize good synergy between martial arts and eSports, making this a fantastic opportunity for both ONE Championship and Dentsu to participate in this growing segment in Asia, as well as leverage multiple content platforms for additional sales and business opportunities,” said Shuntaro Tanaka, Director, Content Business Design Center of Dentsu.
The planned eSports Championship Series is expected to keep 2019 packed for ONE, with the group having announced earlier an expanded 30-event schedule for next year for its global scale martial arts events spread across Asia, including Singapore, Bangkok, Tokyo, Seoul, Jakarta, Shanghai, Beijing, Manila, Kuala Lumpur, Ho Chi Minh City, and many other cities.
ONE Championship is to hold an event tomorrow in Singapore, titled “ONE: Heart of the Lion” and headlined by the unification bout between reigning world bantamweight champion Bibiano “The Flash” Fernandes of Brazil and interim champion Kevin “The Silencer” Belingon of the Philippines. — Michael Angelo S. Murillo

Peso back at P52:$1 level

THE PESO returned to the P52-per-dollar level on Wednesday, its best in three months, as the market digested the results US mid-term elections and positioned ahead of third-quarter economic growth data to be released today.
The local currency closed at P52.95 against the greenback yesterday, strengthening from its P53.025 close on Tuesday.
This was the peso’s best finish since the P52.85-per-dollar recorded on August 6.
The peso strengthened immediately to open the session at P52.93, and climbed to as high as P52.89 versus the greenback. Its worst showing for the day was at P53.11.
The volume of dollars traded surged to $1.45 billion yesterday from $983.78 million the previous trading day.
A trader said the market was volatile yesterday amid the results of the US mid-term elections.
“It was a pretty volatile session, with moves primarily driven by the US mid-term elections. We saw a lot of movement in the dollar overall,” a trader said in a phone interview yesterday. “It was mildly dollar-negative with the Democrats winning the House and the Republicans winning the Senate. We’re still seeing the dollar hold, I would see it will continue overnight.”
Another trader meanwhile attributed the stronger peso to profit taking ahead of the local central bank’s possible tightening at its policy meeting next week.
“The local currency might continue to appreciate due to expectations of likely optimistic Q3 GDP (gross domestic product) growth data. Exchange rates are likely to move within P52.85 and P53.05 range,” the second trader added.
A BusinessWorld poll yielded a 6.3% median forecast for third quarter GDP growth, slower than the seven percent climb posted in July-September last year.— EJCT

PSEi down as telcos drop on third player search

THE MAIN INDEX plunged on Wednesday after investors sold down listed telco stocks as they anticipated the declaration of the winning third player.
The bellwether Philippine Stock Exchange index (PSEi) spiraled down 2.03% or 146.18 points to close at 7,033.93 yesterday. The broader all-shares index likewise shed 1.67% or 73.16 points to 4,298.92.
“The main index closed lower again today as most investors focused on trading second-liners in anticipation of the third telco bidding documents submission,” Eagle Equities, Inc. Research Head Christopher John Mangun said in an e-mail on Wednesday. “$GLO (Globe Telecom, Inc.) and $TEL (PLDT, Inc.) took major hits today which was to be expected as investors moved to companies that would challenge the current duopoly. This also dragged the main index down.”
Shares in Globe dropped by 8.92% or P188 to P1,920 each yesterday, while PLDT also ended 5.64% or P79 lower to P1,321 apiece.
P2P Trade Online Sales Associate Gabriel Jose F. Perez also noted that the two companies may have been affected by the third telco decision, with Globe recording the third highest foreign outflow figure of P92 million.
ISM Communications, Inc., which could potentially be used for businessman Dennis A. Uy’s third telco bid, was the most actively traded for the day, surging 35.04% to P5.55 each. Chelsea Logistics Holdings, Corp., another Uy-led firm, also jumped 28.59% to P8.50.
Mr. Uy’s consortium with China Telecommunications Corp. emerged as the lone bidder to qualify for the next screening phase for the third telco selection process.
Mr. Perez added that investors may be looking forward to the release of third-quarter gross domestic figures on Thursday. The Department of Finance said on Wednesday that the economy likely grew by 6.5% in the third quarter. Meanwhile, a BusinessWorld poll of 15 analysts resulted in a median forecast of 6.3%.
“Price action for the index suggests that participants could be anticipating disappointing figures [on Thursday],” Mr. Perez said.
Mining and oil was the lone counter that eked out gains, adding 0.07% or 7.27 points to 9,837.51. The rest declined, led by holding firms which dropped 2.98% or 213.37 points to 6,926.43. Services slumped 2.94% or 43.37 points to 1,431.37; financials slipped 1.23% or 19.84 points to 1,589.84; industrials shed 0.96% or 104.04 points to 10,652.50; while property was down by 0.69% or 23.88 points to 3,392.77.
Turnover swelled to P46.50 billion after some 2.66 billion issues switched hands, primarily due to the crossing of shares related to San Miguel Food and Beverage, Inc.’s (SMFB) follow-on offering.
Foreign investors turned buyers, recording net purchases of P38.60 billion compared to the previous session’s P793.47 million net selling due to the block transactions by SMFB. Excluding the transaction, the market recorded a net foreign selling figure of P545 million.
Decliners were about quadruple that of advancers, 165 to 38, while 41 names were unchanged. — Arra B. Francia

Duterte threatened deployment ban if OFW in UAE executed: Bello

By Arjay L. Balinbin Reporter
PRESIDENT Rodrigo R. Duterte would have declared a total ban on the deployment of Filipino workers to the United Arab Emirates (UAE) if its government pushed through with the execution of Jennifer Dalquez.
“Execute her. I am telling you, I will immediately order the suspension of the employment,” Mr. Duterte said in his remarks at Tuesday’s Cabinet meeting in Malacañang.
Labor Secretary Silvestre H. Bello III said Ms. Dalquez “was a household service worker,” who was “accused of killing her employer.”
“She was convicted and was sentenced to die by hanging,” he added.
Mr. Bello narrated that when the President learned about Ms. Dalquez’s case, he was told, “’You tell the (emirs) that if they kill Dalquez, I will declare a total ban.’”
The Labor Secretary also said he was accompanied in Abu Dhabi by administrator Hans Leo J. Cacdac of the Overseas Workers Welfare Association (OWWA) to “relay” the President’s instruction.
“I said, the President respects your justice system but the President feels that if you hang his countrymen, then he will just declare a total deployment ban for the entire United Arab Emirates,” Mr. Bello said.
Ms. Dalquez returned to her home in General Santos City last week, Nov. 2, according to the Department of Foreign Affairs (DFA).
“In her report to the Home Office, Ambassador to the UAE Hjayceelyn Quintana said Dalquez expressed her profound gratitude to the Philippine Embassy for seeing to it that she would be able to return home and be reunited with her loved ones,” the DFA said in a statement.
“Dalquez is returning home three years after she was found guilty and sentenced to death by an Abu Dhabi court for stabbing to death her employer in 2014 after he threatened to kill the General Santos native for refusing to have sex with him. The Embassy, through its lawyers, immediately appealed the conviction and successfully had it overturned by a local court in 2017. Dalquez was subsequently ordered released after completing a five-year jail term for theft on 25 October,” the DFA added.

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