Home Blog Page 12005

Palace to identify panel to look into Dengvaxia cases

By Arjay L. Balinbin, Reporter
THE Office of the President (OP) is expected to release a list of names of experts who will be conducting a probe on the Dengvaxia controversy, Health Secretary Francisco T. Duque III said at a briefing in Malacañang on Thursday.
Baka…ma-ilabas na ang decision ng OP patungkol sa pagbubuo ng panel of experts na manggagaling mostly sa ASEAN countries, where, also as part of the presidential directive, those members of the panel, the experts, must come from countries where the Dengvaxia immunization program was also implemented,” Mr. Duque said as an update on the planned three-man panel to investigate Dengvaxia cases in the country. (OP might soon come out with a list on the formation of a panel of experts mostly from ASEAN countries….)
Mr. Duque said there are four persons in the list of experts recommended to the President, but only three will be chosen.
“They are experts. They have the technical proficiency to study, to review all the documents and to put them together in a report,” Mr. Duque also said.
On the Senate’s approval of the P1.16-billion supplemental budget for Dengvaxia recipients last Wednesday, Mr. Duque said: “Finally, we will be able to provide the necessary surveillance, treatments, and hospitalization for those vaccinees who will need those interventions.”
The vaccine manufactured by Sanofi Pasteur has become a leading health concern after findings by the company late last year flagged risks on inoculated patients not stricken by dengue.

Brace for worse traffic congestion with rehab of Manila bridges, flyover

TRAFFIC CONGESTION in Manila is expected to worsen starting Sept. 15 as rehabilitation work starts on the Old Sta. Mesa Bridge, Mabini Bridge, and the Nagtahan flyover. The Metropolitan Manila Development Authority (MMDA), in a statement yesterday, said it has given the green light to the Department of Public Works and Highways for the construction works that will take four to seven months to complete. “The Old Sta. Mesa Bridge that connects San Juan and Manila cities will be closed for seven months,” said MMDA General Manager Jose Arturo S. Garcia. The bridge’s reconstruction is to give way to the ongoing construction of Skyway Stage 3 Project, an elevated expressway that will connect Makati and Quezon City. Repair works for the Mabini Bridge and Nagtahan flyover, on the other hand, will last for four months. Contractors are allowed to work only from 11 p.m. to 5 a.m.

34 Chinese suspected of working without visa arrested

Bureau of Immigration (BI) logoTHE BUREAU of Immigration (BI) has detained 34 Chinese men caught in the act of working at a construction site and are suspected to have no appropriate visas. They were nabbed at a building site near a mall in Pasay City on Sept. 4. In a statement on Thursday, BI Commissioner Jaime H. Morente said the bureau is still verifying the visa status of the foreigners to confirm if they have already overstayed in the country. He said those proven to be undocumented or without an appropriate visa will be charged and undergo deportation proceedings. “Initial investigation indicate that they arrived here as tourists and that they were employed as construction workers without securing the necessary work permits from the government,” Mr. Morente said. BI Acting Intelligence Chief Fortunato S. Manahan Jr. said the workers were allegedly employed to do finishing works in an office building.

50 e-trikes ready for delivery to Boracay

THE LAND Transportation Franchising and Regulatory Board-Western Visayas (LTFRB-6) said 50 electronic tricycles (e-trikes) are expected to be delivered to Boracay within the week. The e-trikes, provided by the Department of Energy (DOE), will be distributed to cooperatives, according to LTFRB-6 Regional Director Richard Z. Osmeña. “As of now, around a thousand of motorized tricycles operate. We will take them out and replace them with e-trikes,” said Mr. Osmeña, who was scheduled to go to the island on Thursday to discuss with Malay town officials the ordinance for the phase-out of all motorized tricycles. Only e-trikes, which are more environment-friendly, will be allowed to ply the island when it is reopened to tourists on Oct 26. Currently, around 50 e-trikes are already providing service around the island. E-jeepneys will also start operating next month. The LTFRB will conduct a dry-run a week before Boracay’s reopening to check on the performance of the e-vehicles. “I heard that there is going to be a Cabinet meeting in Boracay. So the secretaries will try these e-jeeps and e-trikes,” Mr. Osmeña said. — Louine Hope U. Conserva

Australian foundation spends P10M for Davao education project

THE FLAGSHIP project of the Australian Foundation for Fostering Learning in the Philippines (AFFLIP) has spent up to P10 million for its education program in Davao City’s Talomo District, according to its officials. AFFLIP is a non-government organization based in South Australia, which contributes to the educational development of young people living in some of the poorest areas of the Philippines. Foundation officers have expressed their commitment to continue, and even expand its flagship program to other areas. “We started our partnership with the Department of Education (DepEd) several years ago and have received strong support from Mayor Sara Duterte(-Carpio),” said AFFLIP Deputy Chairman Ali Douglas. “The project has so far benefitted 21,000 students, 500 teachers and 15 elementary schools,” he said. The program includes scholarships, literacy and curriculum development, health and nutrition through vegetable garden and aquaculture supplies, feeding, outdoor learning, and sending of teachers to Australia for further studies. — Carmencita A. Carillo

Davao City police chief warns senders of bomb threat messages

DAVAO CITY police chief Sr. Supt. Alexander C. Tagum has warned those who are sending text messages on supposed terror attacks and asked the public not to readily share them. The warning was issued after several text messages purporting a possible terror attack following two bombings in Isulan, Sultan Kudarat were shared through mobile phone messages as well as social media. Mr. Tagum said while authorities are not dismissing these threats, he assured the public that security measures are being implemented to thwart such attempts. “The intention of terrorism is precisely what is happening to most of our people, to scare them in a way that simply walking out in the streets is becoming impossible,” he said. Mr. Tagum said they are tracing those behind these text messages, even if these are intended as jokes. He cited Presidential Decree 1727, a law that prohibits such acts, which have a maximum penalty of five years in jail and P40,000 in fine. On Tuesday, a school in Matina received a bomb threat through a text message, but investigators did not find anything upon inspection. — Carmelito Q. Francisco

Peso weakens to near 13-year low

THE PESO weakened against the dollar to a near 13-year low on Thursday amid risk-off sentiment due to continued concern over trade tensions overseas.
The local unit ended Thursday’s session at P53.80 versus the greenback, plunging by 25 centavos from the P53.55-per-dollar finish on Wednesday.
This is the peso’s worst showing in nearly 13 years since it closed at P53.985 against the dollar on Dec. 12, 2005.
The peso opened the session slightly stronger at its best showing of P53.525 per dollar. Its intraday low was its closing rate.
Dollars traded declined to $911.5 million on Thursday from the $1.38 billion that switched hands the previous session.
A foreign exchange trader said the peso weakened against its US counterpart as investors tried to push the resistance level further.
“The peso finally broke the resistance at P53.55. We broke to the P53.80 level simply because the offer interest at P53.55 moved [weaker],” the trader said in a phone interview.
“At this point, our historical low was too far already so the market is running blind without the selling interest at the top side.”
The trader added that risk-off sentiment continued to prevail among players amid a sell-off in emerging markets.
“The local currency significantly weakened on safe-haven dollar demand amid lingering global trade fears involving the US, China and Canada,” another trader said in an e-mail on Thursday.
Reuters reported that US President Donald J. Trump said Washington was not yet ready to settle trade disputes with Beijing, although he noted that talks would continue.
The second trader said the Bangko Sentral ng Pilipinas (BSP) was seen intervening at the P53.80-per-dollar level.
For Friday, the first trader expects the peso to move between P53.80 and P54 versus the dollar, while the other gave a P53.75-P53.95 range. — K.A.N. Vidal

PSEi drops as investors assess inflation’s impact

THE LOCAL BOURSE tumbled further on Thursday as the faster-than-expected August inflation print continued to roil the market and as global trade tensions further dampened sentiment.
The bellwether Philippine Stock Exchange index (PSEi) plunged 1.46% or 113.56 points to close at 7,638.71 Thursday, September 6.
The broader all-shares index also declined 1.48% or 70.36 points to finish at 4,661.66.
The PSEi dropped by as much as 163 points intraday, hitting a low of 7,552.24. However, last-minute buying activities propped up the benchmark index towards the close.
“Philippine shares continued to be sold with investors still assessing the impact of inflation and whether this would still continue in the succeeding periods,” Regina Capital Development Corp. Managing Director Luis A. Limlingan said in a mobile message on Thursday. “The performance of regional markets did not help either.”
On Wednesday, the Philippine Statistics Authority reported that headline inflation picked up to 6.4% in August — faster than July’s 5.7% and the highest since March 2009’s 6.6%. This was also well beyond government and market estimates.
The August print brought the year-to-date average to 4.8%, exceeding the government’s 2-4% target for the year.
However, economic managers said they expect inflation to taper off towards the end of the year.
Jervin S. de Celis, Timson Securities, Inc. equity trader, said volatility in emerging markets also pulled down the local bourse.
“[T]he rout in emerging markets is stirring worries among investors about the resilience of these countries to Western catalysts,” Mr. De Celis said in a mobile phone message Thursday, September 6.
Mr. De Celis said markets were also cautious ahead of more tariff hikes expected from the United States.
“That’s dragging market sentiments lower among emerging countries as trade wars threaten global growth,” he added.
All sector counters closed in the red again on Thursday.
Mining and oil posted the biggest loss as the sector plunged 2.85% or 283.06 points to 9,624.78. Holding firms slid 1.93% or 148.85 points to 7,560.38; financials gave up 1.73% or 30.45 points to 1,723.39; property edged down 1.21% or 46.84 points to 3,810.12; industrials dropped 0.87% or 98.47 points to 11,127.86; and services dipped 0.7% or 10.81 points to 1,525.97.
Value turnover stood at P6.71 billion yesterday as 1.17 billion shares changed hands, climbing from Wednesday’s P5.89 billion.
Decliners trumped advancers, 161 to 37, while 41 names closed unchanged. Foreigners logged net sales of P1.02 billion, little changed from Wednesday’s P1.04-billion net outflow.
Meanwhile, on Wall Street, the Dow Jones Industrial Average rose 22.51 points or 0.09% to 25,974.99; the S&P 500 lost 8.12 points or 0.28% to 2,888.60; and the Nasdaq Composite dropped 96.07 point or 1.19% to 7,995.17. — J.C. Lim with Reuters

Four signs you need to get your startup on the Blockchain

For nearly a decade, Blockchain has consistently dominated finance and tech headlines after emerging in 2009 as the backbone behind Bitcoin. While application of this technology has snowballed well beyond financial services — and into nearly every sector imaginable — since its debut, firms worldwide are still struggling to imagine how the new tech might help them.
By definition, blockchain is a decentralized public ledger of digital transactions. It uses a peer-to-peer network, where cross-referencing copies of the ledger are spread across computers around the world.
This makes the entire system virtually impervious to censorship, tampering, or corruption.
The unprecedented transparency and instantaneous access made possible by blockchain has opened a myriad of opportunities in revolutionizing how businesses operate.
It’s still a huge leap into a largely experimental field, but firms that have found success with the ledger are reaping benefits competitors aren’t even equipped to imagine.
So how do you know if this technology is right for you? Marie Wieck, general manager of IBM Blockchain, outlines four signs your business is ready for a Blockchain boost.

You have multiple players operating on a shared supply chain

Global firms today operate in vastly interconnected space, where industries and supply chains are increasingly becoming interdependent. Leveraging blockchain helps you establish the needed trust and transparency to succeed in these partnerships.
If your business involves multiple players along the supply chain, it might be a good idea for you to start experimenting with the distributed ledger.
As Ms. Wieck said, sharing information on a blockchain opens new opportunities and more efficiency between participants. “It is really creating a level of trust and transparency by sharing common data across all the members of the given network,” she said.

You need a tamper-proof record, updated in real time

By design, databases on the blockchain are immutable — once a record is inserted into the chain, it’s nearly impossible to tamper with.
“What we find very interesting from a blockchain perspective is the immutability – that you have a historical record – whether that it’s over time, over distance, or over number of participants,” said Ms. Wieck.
Having an immutable record ensures you, as the provider of data, that your information has not been altered. Meanwhile, the recipient of your data is certain that the information has not been changed.
In fact, with immutability built into the technology, extensive audits become unnecessary. People can update and access the database in real time, and trust what they see.

You need instant analytics to track your performance metrics

If Blockchain provides an immutable record, then it can also be used to track data a flow of data. Because collaborators on the Blockchain can access data instantly, without the need to check each other’s work, this technology can cut down supply chain inefficiencies dramatically.
“You could see where things are spending time,”Ms. Wieck said. “Are they getting bottlenecked in a certain area? Are there opportunities for efficiency between partners by knowing more of the participants? Can you create other value solutions [with that information]?”
“And particularly when it’s regarding … an end-to-end value chain like a trade supply chain, there are enormous opportunities for collaboration in terms of sourcing and use of materials, in terms of increased visibility through customs, in terms of greater efficiency of applying regulatory rules.”

You deal with valuable goods that need tracking

Ms. Wieck said that every industry, as long as it involves physical goods or elements of value, can benefit from this technology.
Businesses elsewhere in the world are using the immutability of that record to fight counterfeiting and corruption in high-value industries like the production and transport of diamonds and high art.
Others are using this system to track the movement of perishables like food to ensure its safety as it moves along the chain.
Here in the Philippines, one (quite literal) field that might benefit greatly from adopting the distributed ledger is our archaic agricultural sector.
“We see it in the agricultural space, (not only) in terms of traceability for food trust but also for sustainability,” said Ms. Wieck.
Blockchain tech can be utilized to chart the journey of crops from farm to market to table. Along the way, stakeholders can track where that crop is, in real time, ensuring it’s safe — and more importantly — still safe to consume.
This allows farmers to guarantee the quality of their products, and at the same time, allows consumers to see where the products they are buying come from.

Nation at a Glance — (09/07/18)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.

The Philippines in a trade war

IT WAS Carl von Clausewitz who said “war is merely the continuation of policy by other means.” Trade wars are no different.
And when one says policy, it also inevitably means politics. And there are good politics and there are bad politics. Unfortunately, we seem to be bafflingly veering towards bad politicking in relation to the current trade spat between the US and China.
As mentioned previously by this column, with every country having business in other countries, as well as loans given and taken between those countries, what kind of trade war can that be?
Besides, the “trade war” is not new. International trade has always been a “war,” which is essentially a competition between countries for certain industries. The theory is that countries will all be pushed to those industries that they’re relatively good at and away from those that they have no way of succeeding in. Ultimately, the consumer is supposed to win.
Nevertheless, trade theory regularly bumps into certain uncomfortable realities. Some countries may not be competitive. Or even more fantastically but true: some countries are actually uncomfortable with the idea of competing.
Also, the idea that countries will welcome moving away from economic areas that they’re not relatively good at — logical as it may seem — is oftentimes unacceptable to many countries. Witness the Philippines in relation to rice or France in relation to agriculture.
So when the Trump administration decided to launch punitive tariffs against China, the Philippine reaction should be to look for opportunities and not radically take sides.
When Trump announced the possible withdrawal of the US from the World Trade Organization, many — even within the Philippines — pounced on his declaration as proof of the US lack of commitment to free trade. Some weirdly proposing that the Philippines further bind itself with the US’ chief rival (i.e., China) because of that.
Which is interesting because since when — except for Philippine policy makers probably — have people (or countries) been committed to free trade? Trade has always been a means to advance development or national interest. It was never the end.
Trump in reality is right: if countries truly believed in free trade, then trade regulations (and the WTO) are not needed.
Hence, to tie ourselves to China (at the expense of continued good relationships with the US and Europe) as some domestic commentators and policy makers would have us do is fantastically imprudent. For several reasons.
China itself is having problems, particularly in relation to its debt levels, with astronomic levels of loans fed to State-owned companies. And this coming at the exact time that the US is leading the world in competitiveness, with its unemployment and GDP showing highly favorable numbers.
As Foreign Policy puts it (“China is cheating at a rigged game,” Aug. 8, 2018), “most Chinese remain quite poor,” and cites a Gallup report showing that Chinese median household income, adjusted for purchasing power, is $6,180, seven times lower than the $43,585 in the US.
The domestic situation has become so bad in China that “the government no longer releases statistics on the number of strikes and protests, and the official media outlets rarely cover them, but there is little doubt that discontent is both broad and deep.”
The trade war further compounds this social unrest, with China’s consumers needing to cut back on spending as rising housing rentals eat into disposable incomes. This matters as consumption makes up almost 65% of China’s growth.
And much the same way that US President Ronald Reagan’s amped up spending in the arms race with the USSR led to the latter’s demise, the US’ trade war with China revealed how little chips the latter has to play with and exposed China’s vulnerabilities, particularly its simmering domestic social unrest and floundering bureaucracy.
Several other countries are also showing suspicion of China’s foray into the global economy, particularly with regard to the so-called “debt trap.” Malaysia already decided to shelve three projects it has with the Chinese; with Pakistan, Maldives, and Sri Lanka exhibiting regret in being financially in so deep with China.
How then should the Philippines react to the “trade war” between the two large economies? By maintaining our independent foreign policy, as mandated in the Constitution, but vigorously standing up for our democratic values, belief in human rights, and the rule of law. Our allegiances and international agreements must be reflective of this.
Otherwise, no one will respect the Philippines.
We must maintain focus in developing our competitiveness, which means lesser regulation and easing taxes. We must eagerly remain open to trade talks with other countries but — considering doubts as to whether our bureaucracy can handle further international obligations — continue to be noncommittal to entering into such.
Of course, before all that high international chess game stuff, we need to fix first the embarrassing fact that we’re an archipelagic tropical country plagued by rice and fish shortages, and bad traffic both in our roads and runways .
 
Jemy Gatdula is a senior fellow of the Philippine Council for Foreign Relations and a Philippine Judicial Academy law lecturer for constitutional philosophy and jurisprudence.
jemygatdula@yahoo.com
www.jemygatdula.blogspot.com
 
facebook.com/jemy.gatdula
Twitter @jemygatdula

The trouble with dictatorships

NO MATTER their official justification for being — whether “so the trains will run on time,” “to save the Republic and reform society,” or “to rid the country of crime and illegal drugs” — dictatorships are premised on the presumption that the dictator knows best and everyone else is ignorant and incompetent.
President Rodrigo Duterte presumes as much in admitting at one point that he’s a dictator because “nothing would happen” otherwise, and in his often declared partiality for dictatorships, most recently in his saying he prefers Ferdinand “Bongbong” Marcos, Jr. for his successor rather than Vice-President Maria Leonor “Leni” Robredo.
But beneath that statement by someone who doesn’t believe in anything and anyone except himself — not in God or the Pope, the UN and the international community of nations, human rights, the Constitution, the collective wisdom of the Filipino people, and certainly not in democracy — also lurks the unstated belief that dictatorships are the most effective modes of governance.
Both are fantasies whose validity is denied by the experience and history of those countries that over the last 100 years inflicted death and suffering on their own and other peoples, and were themselves severely damaged, at times permanently, by despotic rule.
Brutal and mindless dictators and warlords still rule vast swathes of Africa that are among the most backward and most underdeveloped countries on the planet. Dictators and despots have done no better in Latin America and Asia.
The ignorance — he thought the brains of colored people smaller than those of Aryans, and believed Slavs to be subhuman — of Duterte idol Adolf Hitler was matched only by his brutality, and so was that of his ally Benito Mussolini’s. The Philippines’ own version of Hitler, Ferdinand Marcos, wasn’t so much “bright” as cunning, his reputation for intelligence having been built on his capacity to recognize and hire more capable men and women than himself as his accomplices.
Neither was the vaunted efficiency of Nazi Germany due to the brilliance of the Hitler dictatorship, but to the German people’s capacity for organization and scientific achievement that Hitler channeled to war-making and mass murder. As for making the trains run on time, during the Mussolini regime Italy wasn’t particularly successful in either the arts of governance or in the politics and science of war.
Here in the Philippines, the supposed efficiency of the Marcos dictatorship in addressing the country’s problems was equally mythical.
A crisis in the supply of rice led to endless lines for the purchase of that staple, to conserve which the regime’s bureaucrats encouraged Filipinos to eat it with corn. In the late 1970s, an energy crisis led to rapid increases in the cost of fuel, even as the value of the peso continued to drop.
Despite its widely publicized execution by musketry of a Chinese drug lord, the regime hardly made a dent on the drug problem, even as war raged in Mindanao and other parts of the archipelago. By the time the Marcos kleptocracy was overthrown in 1986, poverty incidence had nearly doubled and the foreign debt of $360 million in 1965 had ballooned to $28 billion.
But the most convincing and most recent indicators of how false is the promise of efficiency and achievement in a dictatorship are the Duterte regime’s own failures in curbing crime and the drug problem, and its demonstrated ineptitude in other areas of governance.
Although without the benefit of any formal declaration, the country has fallen under one-man rule. Mr. Duterte now controls not only Congress and the executive branch, but also the judiciary. In addition, he has transformed the police into his personal security force, and much of the military into his private army.
And yet, despite these advantages and martial law’s being in effect in Mindanao, there is, as in Marcos’s time, also a rice crisis that’s the worst to strike this agricultural country over the last 20 years, and, in addition, a shortfall in the supply of galunggong or round scad, the “poor man’s fish” that the poor can no longer afford today. Both are occurring in the context of runaway, uncontrolled inflation, the fall in the exchange rate of the Philippine peso, and the flight of foreign capital.
The supposed “solution” of government to high food prices is to flood the country with imported rice and galunggong — which, despite the Duterte bureaucrats’ assumption otherwise, won’t bring prices down, that power being in the hands of the politically well-connected traders in both commodities.
By both Mr. Duterte’s and the police’s admission, the illegal drug problem and the high crime rate — which, during the 2016 campaign for the presidency of this unlucky Republic as well as in his first months in office, he promised to end within months and even weeks — have also defied solution. They’re even worse today despite the unprecedented number of extrajudicial killings (EJKs) of suspected illegal drug users or pushers estimated by international and Philippine human rights groups at some 24,000 men, women, and children.
But instead of acknowledging that the simple-minded and barbaric approach of simply killing drug users and petty drug dealers would never have worked because the only long-term solution is to prevent illegal drugs from entering the country, Mr. Duterte has brushed aside the accountability of a succession of Bureau of Customs officials in the smuggling of billions of pesos worth of the drugs he claims to hate. He has also made good on his threat to make his selective, anti-poor “war” on drugs “more chilling” by continuing to encourage police EJKs. As a consequence, Mr. Duterte is likely to go down in history as the first and only Philippine president to ever be indicted by the International Criminal Court (ICC) for crimes against humanity.
Crimes such as rape, robbery, kidnapping and murder continue to surge, among other reasons because the police are so focused on the lucrative enterprise of arresting and killing suspected drug users and pushers, for which there are bounties and promotions to be had, that they hardly care about anything else. In Mindanao, armed groups continue to freely operate. Alleged terrorists again bombed Isulan town, Sultan Kudarat province, last Sunday despite martial law.
And yet Mr. Duterte would have Filipinos believe that only authoritarian rule by another Marcos or by clones such as himself or his children can address the country’s problems, despite the demonstrated incapacity of dictatorships, in this country as well as elsewhere, to do so.
His bias is hardly surprising. The recourse to authoritarian rule is first of all an admission of failure. In 1972 Ferdinand Marcos erected a dictatorship on the ruins of the first Asian Republic because he could satisfy neither his unbridled lust for wealth and power nor his claim to achieving anything by ruling in the old ways of Philippine elite democracy. Mr. Duterte has echoed Marcos by declaring last year how difficult it is to govern this rumored democracy — and by implication, how much easier it would be to govern as a dictator.
By ease of governance, he of course meant getting his way without a free press, a political opposition, protesters, critics, dissenters, and an independent judiciary and legislature to question his acts and check his power.
Like Marcos and his ilk, Mr. Duterte assumes that he knows best. His record over the last two years demonstrates, however, that — again like Marcos, and despite his vast pretensions at God-like omniscience — he doesn’t.
Neither do his fellow conspirators in the executive, judicial, and legislative departments know any better than their boss of bosses. Their one unique characteristic is in fact their unequaled, death-dealing incompetence in this part of Planet Earth.
The trouble with dictatorships is precisely that: they are from first to last admissions of failure, models of ineptitude, and dispensers of death and illusions.
 
Luis V. Teodoro is on Facebook and Twitter (@luisteodoro). The views expressed in Vantage Point are his own and do not represent the views of the Center for Media Freedom and Responsibility.
www.luisteodoro.com

ADVERTISEMENT
ADVERTISEMENT