Home Blog Page 11856

Gone phishing: The latest in cybercrime, and how to beat it

Check your routers, check your passwords, check those URLs — cybercriminals are getting more and more sophisticated in their operations.
From regional balkanization and IoT-enabled threats, to best practices in digital hygiene, Kaspersky Lab outlines the five things you need to know about the state of online safety.
Here’s a breakdown of the latest in cyber security trends and threats:

Threats come from various sources, with varying motivations

With the discovery of the Roaming Mantis in the early part of this year, countries in the Asia-Pacific region are rightfully on guard for the next possible update in a cyber attack that’s already wormed into countless devices through infected routers and phishing scams.
Suguru Ishimaru, a Japan-based security researcher of Kaspersky Lab’s Global Research & Analysis Team (GReAT) in the Asia-Pacific region, told SparkUp that anyone with a phone in the Philippines should be concerned as well. In the span of a few months, the malware has ballooned from four supported languages, to targeting device owners using 27 different languages — including Tagalog.
Noushin Shabab, a GReAT senior security researcher who works on malware reverse engineering, noted that while some groups, like the team behind the Roaming Mantis, are likely motivated by money, it’s often difficult to infer a group’s motivations.
This is largely because cyber crime groups are so difficult to track down.
“We may see the victim, we may have some idea on the attack. But it’s not easy to always understand everything — what was the real intention, what was stolen, what was the information that the attackers were after,” she said.
One exception, however, was their investigation into the infamous Lazarus Group, the criminal body behind numerous large-scale assaults on national data grids worldwide and believed to be sponsored by the North Korean government.
“From time to time, we are lucky to find or deal with malware developers that install their software on their system,” GReAT Senior Security Researcher Noushin Shabab told SparkUp. Shabab’s team was able to detect the malware on a system they then identified to be that of a North Korea-based development team.
“Maybe [they do it] to check the detection of their malware and then we catch the malware on the developer’s system,” she added.
“I can’t say how advanced all the malware developers in Asia-Pacific are, but definitely we have big actors in the APAC region,” she said. “We have a lot of cyber criminal activities that are done by Chinese-speaking actors, and North Korean threat actors.”

When regions divide, cybercriminals conquer

Kaspersky last week reported that the rising trend of balkanization, or the separation of regions, will lead to protectionism, largely to the benefit of cybercriminals.
Balkanization itself is seen as a natural process as governments attempt to secure their infrastructure from cyber attacks, Vice President for Public Affairs and Head of CEO Office Anton Shingarev said.
“[Because of this], we’ll see more and more pressure on the localization in the companies, data localization, R&D (research and development) localization,” he added.
Likewise, this will also result to more local legislations on cyber security, Mr. Shingarev noted. But he cautioned that more regional collaboration is needed as cyber crime is mainly international.
Less cooperation means smaller scale efforts against well-coordinated attacks. Cyber criminals are more than ready to take advantage of geopolitical tensions.
Even as Kaspersky regularly publishes reports on evolving cyber attacks, malware developers are switching tactics and moving much faster than researchers anticipated.
“For example, [the Roaming Mantis group’s] DNS hijacking. In Japan, they didn’t use DNS hijacking. They used another malware system to spread, to expand in the world,” Mr. Ishimaru said.
“If they find their mistake, they can fix [it] and they can use [another] delivery system to spread malware or malicious content to infect more people,” he added.

New platforms, new vulnerabilities…

With the advent of the Internet of Things (IoT), both Ms. Shabab and Mr. Ishimaru agreed that this poses another opportunity for cyber criminals to take advantage of.
Ms. Shahab pointed out how industrial systems are starting to benefit from deeper and wider connectivity through IoT devices. Unlike your smartwatch pushing your step count to your smartphone, these industrial systems have the capacity to collate massive amounts of data and house critical infrastructure for businesses.
The manufacturers of these devices carry part of the blame, she added. Oftentimes, devices designed for industrial use aren’t built with a premium on security. In some instances, users can’t even change the default passwords that they ship with.
“Taking advantage of that vulnerable device to get into the network of your home or your working environment [gives cyber attackers] more access into more important information that you may have,” she added.
This is true not only for IoT systems, but for networked devices in general.
“Infecting networking devices is much easier than infecting your mobile phone because you check you mobile phone everyday, you change the settings, you get updates, you install antivirus and other security solutions,” Ms. Shabab said.
“But in the router, you may not be able to change or upgrade the server, or change the default password or install a security solution on it. From the manufacturer’s part, it’s not being so protected from cyber attacks.”

… same old defenses: basic digital hygiene

Ask any GReAT researcher, any cyber security expert, or just about any well-informed digital native, and you’ll get the same advice. Backup your files, install anti-malware apps, manage and update your passwords. Basic digital hygiene.
Ms. Shabab suggests ensuring your passwords are strong, and using a password manager to keep track of them. Make a habit of regularly updating all your devices to keep their security features up to speed, she added.
As digital tools become more integral to not only personal lives, but industry and society-wide systems, education is also a key point in protecting oneself from being a victim of cyber attacks.  
Kaspersky has been partnering with educational institutions to increase awareness of the increasing danger these cyber attacks pose, covering both trainers and students.
The Russian cybersecurity firm has recently struck a partnership with At the Yarra Valley Grammar School in Australia, Kaspersky has built a digital security curriculum for students aged three to 18.
“We helped them get into security awareness training for their staff and their students. This is a very interactive way of improving the awareness,” Ms. Shabab said. “It’s really helpful for all the employees to get better understanding, to get used to security practices. Not just hearing something and then when they go back and open their internet every pop-up that comes, they just click on yes, or okay.”

Bonus: Inclusivity is on the agenda for the cybersecurity industry

Ms. Shabab, who also takes part in technical workshops for Australian university students, said this education campaign is also an effective means to bring more people into the industry — in particular, women.
“As you can see that there are not that many female researchers here. Not just here, but everywhere in the world. I’m the only one in our global team,” she said.
“So I tried, in different chances in Australia to get more people, especially female university students, involved in cyber security and encourage them to pursue this field for their future careers,” she said.

Palace orders ‘unimpeded’ rice imports

PRESIDENT Rodrigo R. Duterte has ordered “unimpeded” importation of rice, adding to steps meant to ease inflation which has been hitting multiyear peaks, Malacañang’s spokesman said on Tuesday.
“… [W]e… had the 30th Cabinet meeting yesterday and I think the most important highlight of that meeting was the President approved unimpeded importation of rice as a measure to reduce inflation,” Presidential Spokesperson Harry L. Roque, Jr. said in a press briefing.
Mr. Roque recalled that, in a presentation in that meeting, Finance Secretary Carlos G. Dominguez III had said “that food items now are primarily responsible for and even increased inflation rate for the last month…”
Latest available Philippine Statistics Authority (PSA) data show headline inflation rising for the ninth straight month — and breaching the government’s 2-4% full-year target for 2018 for the seventh consecutive month — to a fresh nine-year-high 6.7% in September.
Rice alone accounts for 9.6% of the theoretical basket of widely consumed goods that is used to compute year-on-year overall price changes, making it a key contributor to inflation.
Hence, “the President ordered the unimpeded importation of rice,” Mr. Roque said on Tuesday.
“He wants to flood the market with rice so that even if the price of crude and other oil prices should go up still further, the people will have access to affordable rice,” he explained.
“The NFA (National Food Authority) no longer has any say on how much rice should be imported; anyone who can afford it and will pay tariffs will be allowed to import rice,” Mr. Roque added.
Wala na pong… mga (There are no more) restrictions. It’s a free market now for rice. Wala nang (There will be no more) accreditation, wala nang permiso (no need for permission) — well of course they need to procure import permits… But no one will have to approve the importation anymore, basta (so long as) they comply with the documentary requirements.”
Asked about a time frame for carrying out Mr. Duterte’s latest directive, Mr. Roque replied: “ [T]here was no time frame agreed upon, basta liberalize the importation of rice, full liberalization.”
He said that Mr. Duterte made the decision “after the Finance Secretary illustrated by way of graphs… that rice in fact was the most important commodity whose price increase… led to the spike in inflation.”
Agriculture Secretary Emmanuel F. Piñol insisted in an interview over the ABS-CBN News Channel that “… for those importing rice, government must not make it difficult for them, that was the essence of the statement of the President…”, adding that he sat “beside the President” when Mr. Duterte gave his directive.
Malacañang has been pressing Congress to approve a measure that would replace the current quota-based rice import scheme with a regular tariff system that is expected to slash retail prices of the politically sensitive staple by P7 per kilogram (/kg).
Latest PSA data show average retail price of regular milled rice at P45.83/kg in the final week of September, 20.45% more than the P38.05/kg a year ago, while that of well-milled rice was at P49.37/kg, up 16.80% from the year-ago price of P42.27/kg.
Sought for comment, Rolando T. Dy, executive director of the University of Asia & the Pacific’s Center for Food and Agri Business, said in a telephone interview that “allowing the private sector to import as long as they pay the tariffs… it’s good for the country.”
“… [I]f you are talking about the average of… over P40 of retail price of rice… We are talking about 10% decline of the retail prices.”
Malacañang last month unveiled a host of non-tariff measures aimed at bringing produce faster from farm to market.
Mr. Roque described Tuesday’s Cabinet discussion on rice as “very animated.”
“It was a very hot issue,” he said of rice.
“It was very animated… There was a principled and furious discussion about… the possible solution to the problem.”
While Mr. Roque declined to name the Cabinet men involved in “furious discussion” of the issue, Mr. Piñol, in previous television interviews, has smarted from statements by state economic managers attributing inflation’s rise partly on rice, arguing that the unabated increase in oil prices was a bigger factor. He agrees with other economic managers, however, that the problem with rice can be traced to a “miscue” of rice importation — caused by opposing views last year within the NFA Council itself on the best importation scheme — that in turn caused much-needed foreign rice to arrive in September rather than in this year’s first quarter.
MORE RICE IMPORTS EYED
Mr. Piñol had said on Monday that the Philippines will allow major rice retailers to import up to 350,000 tons of the grain, potentially bringing total purchases this year to 2.4 million tons which would be the second highest on record.
The Philippines buys rice largely from Vietnam and Thailand.
This year’s approved purchases would mark the largest rice imports by the country since 2010, when shipments reached a record 2.45 million tons amid fears of shortages following spikes in global food prices.
Mr. Piñol said the NFA has “approved in principle” the Trade department’s proposal to allow retailers to ship in additional volumes. The 350,000 tons that retailers can bring in would be on top of the 750,000 tons that the NFA is set to import before yearend. The NFA already bought 500,000 tons of rice earlier this year, and private traders were allowed to ship in up to 805,200 tons under an annual quota scheme. — Arjay L. Balinbin and Reuters

General tax amnesty awaits plenary action in the Senate

SENATOR Juan Edgardo M. Angara, chairman of the Senate Ways and Means committee, on Tuesday submitted a general tax amnesty bill for plenary action.
Senate Bill No. 2059, or the proposed Tax Amnesty Act of 2018, covers tax obligations for years up to 2017 with or without assessments in three major areas: estate taxes, general taxes and delinquent accounts.
“We push for a general tax amnesty today not just to give taxpayers a chance to adjust to the new rules that were put in place last year but also to lighten the load of an overburdened BIR (Bureau of Internal Revenue) in the hopes that they can now focus on their main mandate of collection,” he said in his sponsorship speech.
“We envision that with this amnesty, all parties involved may be absolved and unburdened of the sins of the past.”
On estate tax amnesty, Mr. Angara said qualified taxpayers can avail of the reprieve and instead pay six percent based on the decedent’s total net estate, if no estate tax return was filed, or on net undeclared estate if a return had been filed.
On the amnesty for delinquency in value-added and excise taxes, qualified corporate parties will have to pay five percent of total net worth or a minimum tax depending on their subscribed capital will be collected.
On amnesty for delinquent accounts, taxpayers can avail of the following rates:

• 40% of the basic tax for delinquency assessments which have become final and executory;

• 50% of the basic tax for those subject of pending criminal cases with criminal information filed in court for tax evasion and other criminal offense and pending cases involving fraud, illegal exaction and transactions, and malversation of public funds and property;

• 60% of the basic tax for cases subject to final and executory judgement by the court.

Mr. Angara said those who will avail of the tax amnesty program will be immune from civil, criminal, and administrative cases and penalties under the National Internal Revenue Code as amended.
The same measure also puts in place an information management system and automatic exchange between the Bureau of Internal Revenue and its foreign counterparts to validate tax declarations and subsequent compliance of those availing of the amnesty offer.
Senate Majority Leader Juan Miguel F. Zubiri told reporters that the Senate hopes to approve the measure between November and January next year. “We committed to pass it — if not next month — hopefully by January, we can approve the tax amnesty measure,” he said.
The measure forms part of a wide-ranging tax reform program of the administration of President Rodrigo R. Duterte that aims to shift the tax burden more on to those who can afford to pay, besides raising more cash to finance bigger state spending on infrastructure. — Camille A. Aquinaldo

House moves to relax foreign business hurdles

A BILL seeking to amend Republic Act No. 7042, or the Foreign Investments Act of 1991 in order to further open up the Philippine economy to foreign participation secured committee-level approval in the House of Representatives on Tuesday.
House Bill No. 4067, authored by Deputy Speaker Arthur C. Yap of the 3rd district of Bohol, proposes to delete provisions relating to the “practice of professions” from the Foreign Investment Negative List (FINL), thereby lifting the restriction on foreigners practicing their professions in the Philippines.
The measure also proposed to reduce the hiring threshold of foreign businesses wanting to set up shop in the Philippines with a minimum $100,000 paid-in capital to 15 direct hires from 50 currently under RA 7042.
“Hopefully, with these two changes, we can be faithful to the spirit of the Foreign Investments Act and that is to continually liberalize and open up the economy to foreign investments, thereby creating jobs,” Mr. Yap told the joint hearing of the Economic Affairs and the Trade and Industry committees.
“We’re trying to put in order our investment laws to send a clearer message to our investors.”
John D. Forbes, senior adviser of the American Chamber of Commerce of the Philippines, Inc. (AmCham), told lawmakers at the hearing: “This law, if it’s legislated, along with the PSA (Public Service Act), which has been passed in the House but not yet in the Senate, would put meat on the bones of that point [of President Rodrigo R. Duterte’s socioeconomic agenda] because, so far, since that (agenda) was released in 2016, no legislated reforms have been heard, so we encourage the Congress to continue with this and others.”
The House earlier approved House Bill 5828, amending the Public Service Act by providing a clearer definition of public services and public utilities in order to lift foreign ownership restrictions in telecommunications.
“The Philippines has created since the 1987 Constitution the perception that it’s closed to foreign professionals,” Mr. Forbes said. “I think the foreign chambers would like to support the proposal of the Deputy Speaker to simply remove it from the Foreign Investments Act.”
On the proposed change in direct hiring threshold, he added: “For $100,000 you cannot employ 50 workers because the minimum wage of the National Capital Region, when this was legislated, was P142, today it’s P475,” he explained. “For P5.4 million, which is $100,000, we cannot sustain a labor force of 50 persons.” — Charmaine A. Tadalan

Duterte says tissue samples ‘not yet cancerous’

HINDI pa ako cancerous.”
With those words, President Rodrigo R. Duterte on Tuesday evening sought to lay to rest speculations he was stricken with the disease.
“It was negative…” he told reporters in a press conference in Malacañang when pressed for results of tests he underwent at the Cardinal Santos Medical Center in San Juan, Metro Manila.
The public has been clamoring for information about Mr. Duterte’s health after the 73-year-old missed two official events last week.
“He disclosed to us that the result of the test was negative, the one where they took samples from his intestines,” Eduardo M. Año, officer in charge of the Department of Interior and Local Government, told reporters earlier that day in an event posted on Facebook live.
Mr. Año said Mr. Duterte made the disclosure during a Cabinet meeting on Monday night. The president made an unscheduled visit to a hospital when doctors asked him to repeat digestive tract procedures three weeks after similar tests.
The Philippine constitution provides for the public to be told of the state of health of an incumbent president, if serious. If the leader dies in office, is permanently disabled or removed through impeachment, the vice-president succeeds to serve out the rest of a six-year, single term.
Mr. Duterte insisted on Tuesday that his condition was “not for public consumption” and that he was legally obliged to inform the public of any serious health condition only through his Cabinet.
Mr. Duterte’s health was a constant source of speculation after he disappeared from public view for a week last year but his aides dismissed rumors of his medical condition.
Over the weekend, Mr. Duterte was in Hong Kong with his partner and young daughter on an unannounced trip. — with Reuters

Velarde firm sues NTC over 3rd telco bidding rules

By Denise A. Valdez, Reporter
NOW Telecom Company, Inc. is suing the National Telecommunications Commission (NTC) over alleged insertions of new requirements in the terms of reference for the new major telecommunications player.
In a statement on Tuesday, the affiliate of listed Now Corp. said it filed the case against the NTC at the Manila Regional Trial Court Branch 42, questioning certain items in the terms of reference, such as the “(1) P700 million ‘participation security’; (2) P14 to P24 billion performance security; and (3) P10-million non-refundable appeal fee,” saying these are barriers to entry.
Under Sec. 11 of the terms of reference, the company should post a performance security in favor of the NTC. The performance security should be maintained at 10% of the remaining cumulative capital (capex) and operational expenditure (opex) commitments for the rest of the commitment period.
An earlier draft only required that the performance security be either 10% cash bond or 30% surety bond of the annual capex and opex.
In the final terms of reference, the participation security was also raised to P700 million from the original amount of P500 million.
Now Telecom said these changes, which it claimed were not discussed during the public hearings, violate existing laws and can be considered “onerous, confiscatory and potentially extortionary.”
“Now Telecom is suing NTC to protect its public shareholders and President Rodrigo Duterte from any suspicion that he is complicit to the money making schemes in the TOR for the third telco,” Now Corp. President and Chief Executive Officer Mel V. Velarde said in the statement.
Mr. Velarde said the company would prefer Mr. Duterte receive the bidding documents for the third telco auction on Nov. 7. He said it would be “best” if Mr. Duterte, not the NTC, choose the new major telco player.
Department of Information and Communications Technology (DICT) Acting Secretary Eliseo M. Rio, Jr. defended the higher participation security, saying it has been “set high to more or less guarantee and assure the government that the third telco will deliver its commitments.”
In a statement, Mr. Rio said the appeal fee was also deemed necessary to prevent further delays in the entry of the third telco.
“DICT and NTC take exception to Now Telecom’s allegation that this initiative is a money-making scheme. All the above-mentioned fees are consistent and even lower than government standards and the requirements of RA 9184. This is to attract possible participants while ensuring that the winner will be able to withstand intensive competition against the entrenched duopoly,” he said.
Mr. Rio said Now Telecom could have earlier raised the questions on the terms of reference, which were published late last month.
“The selection of a third telco is no small matter and to set the bar low for those who apparently cannot meet the standards is detrimental to the people who will directly benefit from a third telco that has not only the technical capacity, but more importantly the financial muscle to compete with the giants, Globe and Smart,” he said.
Prior filing a case versus the NTC, Now Telecom bought selection documents from the government agency on Monday, firming up its interest to participate in the bidding.
Aside from Now Telecom, other prospective bidders that acquired the bid documents are Dennis A. Uy’s Udenna Corp., Norway’s Telenor Group, a consortium formed by TierOne Communications International, Inc. and Luis “Chavit” C. Singson’s LCS Group of Companies, and a local company that refused to be named.
The DICT set the deadline for submission of bids on Nov. 7, and the awarding of the third telco before Christmas.
Mr. Rio previously said the DICT and NTC are committed to follow the timeline, in adherence to the request of Mr. Duterte.
The President said last month he will “take over” the selection of the third player if it isn’t named by November.

JV to develop new dam in Rizal

By Victor V. Saulon, Sub-editor
A JOINT venture (JV) company is developing a new dam in Montalban, Rizal that can serve as a medium-term water source for Manila Water Co., Inc., according to officials of state-led Metropolitan Waterworks and Sewerage System (MWSS).
MWSS Chief Regulator Patrick Lester N. Ty on Tuesday said the agency’s corporate office, which is in charge of finding new water sources, is looking at a number of projects as an alternative or buffer for Metro Manila’s east zone concessionaire.
“They are studying several projects but the one for Manila Water that was approved during the last rate rebasing was the Wawa-Tayabasan project,” he told reporters during a water forum in Quezon City.
MWSS Administrator Reynaldo V. Velasco said the project is being undertaken by a joint venture company owned by businessmen Oscar I. Violago and Enrique K. Razon, Jr. He said the project was originally owned by Mr. Violago, who has since sold control to Mr. Razon.
“There has to be an agreement between Manila Water and whoever is doing the joint venture,” he said.
In August, Mr. Velasco said Mr. Violago, along with a partner, had signified their intention to build a 92-meter dam in Montalban to help mitigate flooding in Rizal province. If given the green light, the dam is expected to deliver at least 500 million liters per day (MLD), he added.
“That’s the project in the Wawa dam that includes Mr. Violago and Mr. Razon,” Mr. Ty said, adding nothing is final yet.
The need to find a new water source for Manila Water comes as the company has fully used up and even exceeded its 1,600 MLD allocation from Angat dam. Company officials had said demand in the east zone runs as high as 1,630 to 1,640 MLD. It addresses the deficiency by getting water from La Mesa dam, which was not designed for that purpose. It projects demand within its concession to grow by 40 to 50 MLD yearly.
“I have yet to study if it’s prudent and efficient. I have to reserve my judgment right now because I don’t know yet… if it would be approved or I would reduce the tariff adjustment depending on the feasibility study that we’ll be conducting,” Mr. Ty said.
He said the new water source should be enough to fill up Manila Water’s need in the medium term or until 2022.
“We really need another alternative water source and we are exploring all options. The option right now on the table is the Wawa-Tayabasan [dam],” he said.
He said the conditional approval issued by the regulatory office last month is still subject to a final evaluation. He was referring to the new base rate for Manila Water ranging from P6.22 to P6.50 per cubic meter (/cu.m.) for 2018 to 2022.
The increase will be collected from consumers on a staggered basis — P1.46 starting this month; P2.00 on Jan. 1, 2020 and another P2.00 on Jan. 1, 2021; and between P0.76 and up to P1.04 on Jan. 1, 2022.
“We made sure that the approval states ‘up to’ that means we are allowed to reduce it further if needed,” Mr. Ty said.
Manila Water proposed a water treatment plant on the east bay of Laguna Lake as the option to cover the company’s expected water shortfall by 2021. The proposed capital expenditure for the project was not considered by the MWSS during the fourth regulatory period.
Under the proposed Wawa-Tayabasan dam, the Razon-Violago group will be selling its water to Manila Water, which will evaluate the quality.
“There are some components there that Manila Water needs to build. For example, the water treatment plant, the distribution lines to the metropolis. They need to be built by Manila Water. They have projections they submitted. I need to review them more,” he said. “We don’t want to pass an expensive project to the public and unduly burden them.”

Newcomers make up half of this year’s Palanca winners

A TELEVISION reporter, a father and daughter, and a former entertainment reporter were among the winners in this year’s Palanca Awards, the annual award that recognizes outstanding Filipino literary writers.
College professor and first-time winner Dulce Maria V. Deriada bagged third place for her short story in Hiligaynon, “Candelaria,” while her father Leonico P. Deriada — a Palanca hall of fame recipient in 2001 — also received the third prize for his short story in Cebuano, “Dili Baya ko Bugoy.”
Ms. Deriada told BusinessWorld at the sidelines of the awarding ceremony on Oct. 5 that she usually writes in English and “it’s ironic” not to write in the Hiligaynon language, which she knows by heart. So she entered “Candelaria” in the competition and was surprised to win — especially since her father criticized her piece prior to her submitting it to the literary competition and said he didn’t like it.
“Do not be afraid to take risks and learn how to accept criticism because otherwise you will not improve and grow as a writer, as a person,” is her advice to writers, young and old, who may want to join competitions like the Palancas.
Ms. Deriada was among the 28 first-time awardees this year, from the total 54 winning writers.
Other first-timers were ABS-CBN reporter Jefry Canoy who wrote the essay “Buhay Pa Kami: Dispatches from Marawi” which won first prize in the Essay — English category. His essay is about the siege of Marawi which he covered for his network. Also a winner in the same category is former Philippine Star entertainment reporter Chuck D. Smith who bagged third prize for “Origin Story,” which is about his childhood experiences and memories believing that he was Pepsi Paloma’s son.
Meanwhile, this year’s Gawad Dangal ng Lahi was Alfred “Krip” Yuson who was recognized for his contributions to the Philippine literary scene, which include novels, poetry, short fiction, essays, and children’s stories. The prolific writer has received 13 Palanca Awards and was elevated to the Palanca Hall of Fame in 2001. He received his first Palanca at the age of 23, and his second seven years later. As he accepted the lifetime achievement award, he told the audience not to be disheartened and instead continue writing.
Writing is also about chronicling the truth. In a speech by Criselda Cecilio-Palanca, she said the challenge of the writers is “to write, not just the truth but the enlightened, ultimate purpose of truth. To put forth words, not just to enter another provocative idea or opinion in the social media superhighway.”
She said the most notable purpose of a wordsmith “is to positively transform, transcend, liberate. To pierce through the darkness, noise and confusion of our times with a shaft of light that leads to the greater light.
“You have been gifted with great power, which you have to wield with great responsibility. You have to honor the great truths that teach us important lessons to help make it a better world. I congratulate you all, while expressing the certainty that you will not shirk the responsibility of manifesting the unique varieties of your powerful imagination in offering all generations what is undeniably real,” she added.
Now on its 68th year, the Palanca has been conferred to 2,441 works, composed of 625 short stories, 408 poetry collections, 250 essays, 383 one-act plays, 213 full-length plays, 60 teleplays, 74 screenplays, 181 childrens stories, 34 pieces of futuristic fiction, 116 student essays, 42 novels, and 55 poetry collections for children in English, Filipino, and regional languages. — Nickky Faustine P. de Guzman

Megaworld allots P35 billion for Pasig township

MEGAWORLD Corp. will be spending P35 billion to develop its township in Pasig City called Arcovia City, launching the first condominium to rise in the property.
Located along C-5 road in Pasig, the 12.3-hectare Arcovia City will offer a mix of office, residential, retail, and lifestyle mall components.
The first residential project is the 18 Avenue de Triomphe, a 37-storey condominium slated to bring in P4 billion in sales. The building will house a total of 576 residential units ranging from studio sized up to 32.5 square meters (sq.m.), one-bedroom (up to 63 sq.m.), two-bedroom (up to 110.5 sq.m.), and three-bedroom (up to 154 sq.m.).
All units at 18 Avenue de Triomphe will have their respective balconies, giving residents a view of Eastwood, Ortigas, Fort Bonifacio, and Antipolo.
Amenities include a swimming pool, children’s playground, outdoor fitness park, game and entertainment room, fitness center, event hall, outdoor lounge, and a viewing deck.
Megaworld expects to complete the project by 2023. 18 Avenue de Triomphe is part of the P80 billion worth of residential projects the company is launching this year, banking on the strong demand from local buyers, overseas Filipino workers, and foreign investors.
At the same time, the listed developer is currently building its first office tower in the township called One Paseo. The 17-storey building will offer around 23,000 sq.m. of leasable office spaces. The company is also set to build a lifestyle mall with its own walk parks, viewing deck, and leisure facilities.
Arcovia City will also feature a museum topped by a monument designed by Spanish sculptor Gines Serran Pagan. The museum is being positioned to be the township’s major attraction, alongside a 62-feet high arch monument inspired by the Arco de la Victoria in Madrid, Spain.
“Our vision for this new township is to inspire the young generation to persevere and work harder to attain their own successes and victories in life. There is a deeper story embedded into this development, and we will tell that story through the installations and attractions around the township,” Megaworld Senior Vice President Kevin Andrew L. Tan said in a statement.
Megaworld has committed to spend P60 billion in capital expenditures this year to support its lineup of projects.
The company delivered a 13% increase to its net income attributable to the parent to P7.25 billion in the first six months of 2018, following a 10% jump in revenues to P26.8 billion.
Megaworld is the property firm of tycoon Andrew L. Tan, who also has investments in liquor, gaming, and quick service restaurants.
Shares in Megaworld ended flat at P4.15 each at the stock exchange on Tuesday. — Arra B. Francia

Complete list of winners 2018 Palanca Awards

KABATAAN DIVISION
• Kabataan Sanaysay: 1st Prize, Jack Lorenz Acebedo Rivera, “Paglaya Mula sa Pagtakas”; 2nd Prize, Jacob Renz R. Ambrocio, “Sino ang Lumansag sa Lunday ni Lola Basyang?”; 3rd Prize, Maria Jamaica S. Columbres, “Gulugod sa Pagsibol ng Binhi
• Kabataan Essay: 1st Prize, Floriane T. Taruc, “Worlds Behind Words”; 2nd Prize, Jaz Varon Villanueva, “Boundless”; 3rd Prize, Jana Gillian Ang, “A Passage to Reading”
FILIPINO DIVISION
Maikling Kuwento: 1st Prize, Eugene C. Soyosa, “Gina”; 2nd Prize, Andrew A. Estacio, “Ang Kanonisasyon ng mga Santa Santino”; 3rd Prize, Luna Sicat Cleto, “Tatlong Proposisyon ng Puting Hangin
Maikling Kuwentong Pambata: 1st Prize Jerwin Eileen G. C. Tarnate, “Ang Higad at ang Paru-paro”; 2nd Prize, Eugene Y. Evasco, “Siyap ng Isang Sisiw”; 3rd Prize, Early Sol A. Gadong, “Maraming-Maraming-Marami
Sanaysay: 1st Prize, Gil A. Dulon, Jr. Amoral, “Ang Siyensya Subalit May Boses Din Ang Mga Maso”; 2nd Prize, Adelma L. Salvador, “Kambak-kambak”; 3rd Prize, Iza Maria G. Reyes, “Hindi Ako Dalisay
Tula: 1st Prize, Paul Alcoseba Castillo, “Luna’t Lunas”; 2nd Prize, Mark Anthony S. Angeles, “Ang Babae sa Balangiga at iba pang Tula”; 3rd Prize, Noel Galon, “Ang Bata sa Panahon ng Ligalig: Mga Tula sa loob at labas ng Bayan ng San Diego
Tula Para sa mga Bata: 1st Prize, Paterno B. Baloloy, Jr., “Paumanhin ng Kuting”; 2nd Prize, Will P. Ortiz, “Himbing na Kuting at iba pang Tula sa Ilalim ng Araw”; 3rd Prize, Noel P. Tuazon, “Klik Madyik
Dulang May Isang Yugto: 1st Prize, Michelle Josephine G. Rivera, Kaharian ng Pinto; 2nd Prize, Maynard Gonzales Manansala, Tao Po; 3rd Prize, Allan B. Lopez, River Lethe
Dulang Ganap ang Haba: no winners for the 1st and 2nd Prizes; 3rd Prize, Rolin Cadallo Obina San Nicolas, Ang Sarsuwela
Dulang Pampelikula: 1st Prize, James Ladioray, 11 Septembers; 2nd Prize, Arden Rod B. Condez, John Denver Trending; 3rd Prize, Andrian M. Legaspi, Pandanggo sa Hukay
REGIONAL DIVISION
• Short Story — Cebuano: 1st Prize, Januar E. Yap, “Baradero”; 2nd Prize, Dave T. Pregoner, “Sunog”; 3rd Prize, Leoncio P. Deriada, “Dili Baya ko Bugoy
• Short Story — Hiligaynon: 1st Prize, Early Sol A. Gadong, “Sa Lum-ok Sang Imo Suso”; 2nd Prize, Alice Tan Gonzales, “Haya”; 3rd Prize, Dulce Maria V. Deriada, “Candelaria”
• Short Story — Ilokano: 1st Prize, Ariel Sotelo, “Tabag Gasanggasat”; 2nd Prize, Paul Blanco Zafaralla, “Sarming”; 3rd Prize, Jaime M. Agpalo, Jr., “Nakakidem-a-Simumulagat
ENGLISH DIVISION
• Short Story: 1st Prize, Joe Bert Lazarte, “Describe the Rapture”; 2nd Prize, Francis Paolo M. Quina, “Pigs”; 3rd Prize, Matthew Jacob F. Ramos, “The Final Bullet”
• Short Story for Children: no winners for the 1st and 2nd Prizes; 3rd Prize, MaryRose Jairene Cruz-Eusebio, “I Have Two Mothers”
• Essay: 1st Prize, Jefry Canoy, “Buhay Pa Kami: Dispatches from Marawi”; 2nd Prize, Ronnie E. Baticulon, “Some Days You Can’t Save Them All”; 3rd Prize, Chuck D. Smith, “Origin Story”
• Poetry: 1st Prize, Rodrigo V. dela Peña, Jr., “Self-portrait with Plastic Bag”; 2nd Prize, Shane Carreon, “The Gods who Dissolved under our Tongues and other Poems”; 3rd Prize, Jose Luis B. Pablo, “To Desire in Liturgy”
• Poetry Written for Children: 1st Prize,- Maria Amparo Nolasco Warren, “Lola Elina Maria’s Savory-Sweet Cookbook of Poetry”; 2nd Prize, Sigrid Marianne P. Gayangos, “Of Monsters, Math and Magic”; 3rd Prize, Roselle Eloise B. Bunayog, “Brave, Undying Warriors”
• One-Act Play: 1st Prize, Katrina M. Bonillo, Burying Mamang in Sugar; 2nd Prize, Joe Bert Lazarte, Senator Pancho Aunor’s Blue Balls of Despair and Disillusionment; 3rd Prize, Luciano Sonny O. Valencia, Leavings
• Full-Length Play: 1st Prize, Beryl Andrea P. Delicana, Mango Tree; 2nd Prize, Patrick James M. Valera, Symphony; 3rd Prize, Dominique La Victoria, Toward the Fires of Revolution

Ricky Davao, Rina Reyes return to the stage

THIS MONTH, film and TV actors Ricky Davao and Rina Reyes return to the stage in Tanghalang Pilipino’s (TP) Filipino adaptation of Georges Feydeau’s classic farce, A Flea in Her Ear, on Oct. 18-21 at the Cultural Center of the Philippines (CCP).
Titled, Baka Naman Hindi, Mr. Davao and Ms. Reyes play the husband and wife Victor and Alicia Delgado in the play set in 1907 Philippines. Alicia fears that her husband is cheating on her and, wanting to catch him in the act, start the ball rolling for the mayhem and misunderstandings that come after.
This adaptation was created by Virgilio Beer Flores.
“My father (Charlie Davao) was in the play. I must have been about 13 then. It was the very first play I had ever seen and I was fascinated,” Mr. Davao was quote as saying in a press release. That 1970s production featured some of the country’s great actors including Vic Silayan and Bernardo Bernardo and was produced and directed by the current CCP President, Arsenio Lizaso.
Mr. Davao said that this was one of the reasons why he decided to become an actor. A few years after watching his father perform in the play, he starred in TP’s first ever production — Dalagang Bukid — where he played an American character. He went on to perform in various plays including Bongbong at Kris, In Frailty’s Grace, Silang Nalugmok sa Gabi, Lihis, and Felipe de las Casas, among others.
Meanwhile, Ms. Reyes, who has focused on film and TV, noted at the sidelines of the press conference on Oct. 2 at the CCP that “theater is for my soul,” and that she relishes being back on the Tanghalang Pilipino stage.
“This is me coming out of hibernation, me coming home [to theater],” Ms. Reyes said.
Ms. Reyes used to perform regularly with the theater group, having played in Bienvenido Noriega’s Bituing Marikit during the group’s first season, and in the twinbill Paraisong Parisukat/Kailangan: Isang Tsaperon directed by Spanky Manikan.
Also joining the cast of Baka Naman Hindi is Lou Veloso, Tex Ordonez de Leon, Nazer Salcedo, Rafa Siguion Reyna, Nelsito Gomez, Raffy Tejada, Gilleth Sandico, Mosang, Anthony Falcon, Jef Henson Dy, Felipe Ronnie Martinez, and Wenah Nagales.
“This is my first time doing a comedy and a farce and it’s really challenging because it’s very technical,” Mr. Siguion Reyna told reporters shortly before the press conference.
Directing this adaptation is Dennis Marasigan who functions both as the director and lighting designer. Mr. Marasigan is also directing TP’s Ang Pag-uusig, an adaptation of Arthur Miller’s The Crucible which is now on its second run after a successful 2017 production. Ang Pag-uusig runs until Oct. 28 at the CCP Studio Theater.
Baka Naman Hindi has performances on Oct. 18 to 21 at the Tanghalang Aurelio Tolentino (CCP Little Theater). There are 8 p.m. performances on all four days, and 3 p.m. matinees on Oct. 20 and 21. Tickets cost P1,000 and P1,200 (with discounts for students, senior citizens, government employees and groups) and are available at the CCP Box Office (832-3704) and Ticketworld (www.ticketworld.com.ph or 891-9999). — Zsarlene B. Chua

Bill fortifying SSC, SSS approved at bicam level

SSS-Social Security System
BW FILE PHOTO

THE BILL allowing the Social Security Commission (SSC) to raise pension contributions starting next year hurdled the bicameral conference committee on Tuesday, with Congress fully adopting the Senate’s version.
Both chambers approved the substitute bill yesterday, which is scheduled to be ratified today before it is endorsed to President Rodrigo R. Duterte for enactment.
Social Security System (SSS) President and Chief Executive Officer Emmanuel F. Dooc said that although the measure’s current form relaxes spending pressures, he noted some opportunity costs that would have helped reduce the deficit in their pension payouts after the bicam left out some key provisions.
This includes the measure that would have allowed the SSS to set up mandatory insurance policies for its members.
Ang hindi na-adopt sa akin na (The provision not adopted that for me is) critical and important is the authority to do insurance business. Hindi naisama (It was not included) because we would like to also take advantage of our wide membership. We have a captive insurance just like GSIS (Government Service Insurance System) which grows very significant income or revenues from its insurance business,” he said.
Mr. Dooc said they would defer proposing the measure indefinitely.
The committee also agreed to lower the delinquency penalty rate equivalent to two percent per month from the date the contribution falls due until paid, from three percent currently.
“We have been so used to imposing 3% so malaking bawas din sa income namin (so this will reduce our income significantly),” said Mr. Dooc.
According to the SSS official, they expect an additional P16 billion in revenues in the first year of the proposal’s implementation.
“It’s not huge kasi (because) before we envisioned collecting three percent additional contribution in one lump sum. That would have given us over P50 billion a month, but I’m happy that we have this law and long-term there are provisions to collect more,” he said.
The committee likewise agreed to reduce the mandatory actuarial assessment of the fund to every three years, from four years.
The bill allowed SSC to increase the contribution rate by one percentage point every other year starting 2019 at 12%, until 15% by 2025, from the current 11%. It also gradually raises the minimum and maximum monthly salary credits — the basis for the contribution payments — every other year starting 2019 at P2,000 and P20,000, respectively, until P5,000 and P35,000 by 2025, from P1,000 and P16,000 currently.
Starting 2019, 8% of the 12% will be shouldered by the employer, and 4% by the employee, from the current 7.37%-3.63% split. By 2025, the sharing scheme will be 10% for the employer and 5% for the employee.
Mr. Dooc said the SSS will pay out about P185-190 billion in benefits this year, but only generate P177 billion in contribution collections, resulting in a deficit of about P8 billion to P13 billion. Although the above-mentioned P16 billion will cover the deficit, Mr. Dooc said the expanded maternity leave bill ratified by Congress last month will cost the SSS about P4-5 billion more.
“Still a deficit, but the deficit will be much lower if we do not collect any contributions. So we will still tap the investment income. There are also other measures and initiatives that we have done or undertaken in order to further boost our finances,” he added.
Mr. Dooc also noted that the second P1,000 pension hike — the second trance of the P1,000 benefit increase in 2017 — may give the SSS another headache if Mr. Duterte fulfills his promise to implement it in 2019.
“If we pay the second P1,000…that will be more or less P36 billion, and we will be collecting only P16 billion for the one percent[age point] additional contribution,” he said.
Moreover, the bill also introduces an Unemployment Insurance or Involuntary Separation Benefits, which will be available to SSS members not over 60 years old who are involuntarily separated from employment. These members shall be paid benefits in monthly cash payments equivalent to 50% of the monthly salary credit for two months at most.
It will also include the compulsory coverage of overseas Filipino workers to social security protection.
The measure also requires the SSS to invest at least 15% of its reserve funds in domestic investment vehicles, and foreign currency deposits.
The bill will also give the SSC authority to condone, enter into a compromise or release, in whole or in part, penalties imposed to delinquent social security contributions; while the SSS will also have the power to adopt or approve the annual and supplemental budget including salaries and allowances of the SSS personnel, and to authorize such capital and operating expenditures and disbursements of the SSS as may be necessary and proper for the effective management and operation of the SSS.
The SSS’ new charter, which was identified as a priority bill, was approved in the House of Representatives was approved on third and final reading in January last year, while the Senate approved it on Monday.
Mr. Dooc said he expects the bill to be signed by the President before the end of the year.
“This will ensure a robust strong and more stable SSS. I think it is important the SSS should have a financial robust fiscal condition so that we can fulfill the mandate given to us to provide meaningful and universal social security protection to our workers,” said Mr. Dooc.
But Mr. Dooc said he is confident that the contribution “can improve the fund life,” which currently lasts until 2032. — Elijah Joseph C. Tubayan

ADVERTISEMENT
ADVERTISEMENT