Home Blog Page 1211

Agri damage from Enteng tops P360M

PAGASA.DOST.GOV.PH

AGRICULTURAL damage caused by Severe Tropical Storm Enteng (international name: Yagi) was estimated at P360.18 million, by the Department of Agriculture (DA).

In a bulletin, the DA said that according to initial estimates, the storm affected 14,605 farmers and fisherfolk.

Volume loss were reckoned at 15,205 metric tons (MT) across 9,245 hectares of farmland.

The rice crop sustained 94.4% of the total. Lost volume was estimated at 14,177 MT valued at P340.06 million, with the damage spanning 10,442 hectares.

“Most of the damage and losses was to rice in the reproductive and maturity stages,” the DA said.

Volume losses for corn amounted to 739 MT, valued at P14.01 million, affecting 361 hectares.

Damage to high-value crops totaled 200 MT, valued at P4.33 million. Cassava losses were 89 MT valued at P1.77 million.

Agriculture Assistant Secretary and spokesman Arnel V. de Mesa said the single province sustaining the most damage was Camarines Sur with P342 million, followed by Catanduanes, Albay, Negros Occidental, Northern Samar, and Bulacan, Mr. De Mesa told reporters, citing provinces that have filed damage reports.

The DA is set to deploy P202.86 million worth of assistance in the form of seed, bio-control measures, and farm tools.

Funding from the Agricultural Credit Policy Council (ACPC) and the Philippine Crop Insurance Corp. are also available for affected farmers and fisherfolk.

The government weather service, known as PAGASA (Philippine Atmospheric, Geophysical and Astronomical Services Administration), reported that Enteng left the Philippine Area of Responsibly on Wednesday. — Adrian H. Halili

Batangas, BoI collaborating to expedite investment approval

THE Board of Investments (BoI) said it signed an investment promotion and facilitation agreement with the Batangas government to expedite investment approvals.

“The two parties will strengthen their partnership to ensure ease of doing business and quick realization of investments in Batangas province,” the BoI said in a statement on Thursday.

Under the agreement, the investment promotion agency will provide technical assistance to the province through training to capacitate local government unit frontliners on investment promotion and investor servicing.

The memorandum of agreement also involves promoting the province as a prime investment destination.

Batangas has been one of the top economic drivers in the Calabarzon region due to its robust infrastructure, which includes the Batangas International Port.

The province is also home to at least 16 economic zones and 846 locators.

It also hosts 17 operational coal, oil-based, natural gas, solar, and geothermal power plants, with 19 more planned power projects in the coming years, with nine offshore wind projects expected to undergo testing and commissioning by 2029. 

“In return, Batangas will provide BoI with all necessary information relevant to investment promotion, such as land availability and the cost of doing business,” the BoI said.

“Additionally, Batangas will appoint a designated green lane focal unit or person to coordinate with BoI for facilitating strategic investments through the green lane,” it added.

The government, through Executive Order No. 18, established the “green lane” system in all government agencies to expedite the approval and registration process for priority or strategic investments.

Trade Undersecretary and BoI Managing Head Ceferino S. Rodolfo and Batangas Governor Hermilando I. Mandanas signed the agreement last month. — Justine Irish D. Tabile

Trade department studying ways to help DoT attract more foreign visitors

REUTERS

ACTING Trade Secretary Ma. Cristina Aldeguer-Roque said her department is in talks with the Department of Tourism (DoT) to attract more foreign visitors.

On the sidelines of the World Travel Awards Asia & Oceania Gala Ceremony 2024 on Tuesday, Ms. Aldeguer-Roque told BusinessWorld that she sees possible synergies with the DoT.

“We were talking about how we can (work together) every time we have trade shows abroad,” she said.

“We want tourism and trade to be together because I really feel they’re interconnected,” she added.

Increasing tourist arrivals in the country is important for the Department of Trade and Industry (DTI), as more arrivals tend to benefit businesses.

“Aside from seeing the beauty of the Philippines, they will also be able to see what other businesses they can get into or what other trade opportunities there are for foreign trade and foreign investment,” she said.

“Even in countries like Thailand, the strength is really tourism and trade. So, they really go hand in hand,” she added.

Steve D. Benitez, founder and chief executive officer of Bo’s Coffee, said that tourism is the low-hanging fruit for food and beverage industry players.

“One thing I’ve been monitoring is tourism. If tourism goes up, you’ll see that retail will go up. Right now, we’re one of the lowest in terms of tourism. But our retail is still thriving,” Mr. Benitez told reporters on Monday.

“So if you just compare us to Thailand, for example, whose economy is 40% to 60% driven by tourism, they have so many brands and their retail is thriving,” he added.

He said that the same will happen to the Philippines if tourism improves, as it will benefit many industries.

“If we are able to open up the (visitor market), I think the ripple effect will be big. But it will be challenging, so it’s not happening soon. It is still on our wish list,” he added.

VAT-REFUND SCHEME
Asked about the proposed value-added tax (VAT) refund scheme for international visitors, Ms. Aldeguer-Roque said the DTI supports it.

“That will encourage a lot of buying in our country. I feel that we should not be charging tourists VAT, which is (not practiced in) Thailand and Europe,” she said.

Mr. Benitez said the measure will not only help those that can provide the VAT refunds but also other industries such as food and beverage.

“The goal of making the Philippines a shopping destination is for more tourists to come and shop. And when they shop, they eat. Right? So (the benefits will spread) across all industries,” he said.

The measure on tax incentives for tourists is now in the Senate. The House approved its version of the bill last year.

Senate Bill No. 2415 aims to provide non-resident tourists with VAT refunds on purchases worth at least P3,000 to encourage more visitor spending.

Chris Lim, chairman of the Philippine Franchise Association (PFA), said that the VAT refunds for tourists bundled with the improvements in the gateways will help spur arrivals.

“We need to make it easier for them to get VAT refunds and everything… There’s no one silver bullet, so a lot of these small things will help us,” he said.

“I think we have a lot of catching up to do because some of our neighbors, like Thailand, are way ahead of us,” he added. — Justine Irish D. Tabile

Stocks up on slower-than-expected Aug. inflation

REUTERS

PHILIPPINE SHARES recovered on Thursday following the release of data showing that headline inflation slowed more than expected last month.

The Philippine Stock Exchange (PSEi) index rose by 0.37% or 25.85 points to end at 6,907.97 on Thursday, while the broader all shares index climbed by 0.26% or 9.75 points to close at 3,739.27.

“The local market moved sideways as investors weighed the decline of the Philippines’ inflation last August against lingering concerns over the health of the US economy. In the end, the bourse was able to post gains,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message.

“Philippine shares overcame the negative price action overseas to finish higher… Investor sentiment got a boost as the latest August consumer price index data came in better than expected,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

Philippine headline inflation eased to a seven-month low of 3.3% in August from 4.4% in July and 5.3% in the same month a year ago, the government reported on Thursday. This was within the central bank’s 3.2-4% forecast for the month and was well below the 3.7% median estimate in a BusinessWorld poll of 15 analysts conducted last week.

Meanwhile, US stocks finished slightly lower in choppy trading on Wednesday following labor market data and comments from a US Federal Reserve official that bolster the case for an interest rate cut, Reuters reported.

The Dow Jones Industrial Average rose 38.04 points or 0.093% to 40,974.97; the S&P 500 lost 8.86 points or 0.16% to 5,520.07; and the Nasdaq Composite lost 52 points or 0.3% to 17,084.30.

Labor department data showed that US job openings fell to a three-and-a-half-year low in July, indicating continued easing of labor market tightness that could strengthen the Fed’s hand to begin cutting rates at its next meeting later this month.

Raphael Bostic, Atlanta Fed president, said on Wednesday the central bank must not keep interest rates too high much longer or it risks causing too much harm to employment.

At home, sectoral indices were split. Services went up by 1.8% or 39.22 points to 2,208.57; industrials increased by 0.97% or 89.30 points to 9,249.42; and financials climbed by 0.71% or 15.23 points to 2,141.91.

Meanwhile, property fell by 1.23% or 34.40 points to 2,752.79; holding firms dropped by 0.35% or 20.14 points to 5,719.07; and mining and oil slid by 0.25% or 20.39 points to 8,018.51.

Value turnover declined to P5.07 billion on Thursday with 517.79 million shares changing hands from the P5.56 billion with 653.58 million issues traded on Wednesday.

Advancers edged out decliners, 96 versus 94, while 46 names closed unchanged.

Net foreign buying rose to P258.97 million on Thursday from P145.73 million on Wednesday. — Revin Mikhael D. Ochave

Peso surges on bets of big Fed rate cut

PHILSTAR FILE PHOTO

THE PESO surged against the dollar on Thursday amid renewed market expectations of a big rate cut by the US Federal Reserve following weak US data and on slower-than-expected Philippine inflation last month.

The local unit closed at P56.21 per dollar on Thursday, strengthening by 37 centavos from its P56.58 finish on Wednesday, Bankers Association of the Philippines data showed.

The peso opened Thursday’s session stronger at P56.50 against the dollar. Its intraday best was its closing level, while its weakest showing was at P56.51 versus the greenback.

Dollars exchanged went down to $1.57 billion on Thursday from $1.57 billion on Wednesday.

The peso appreciated against a broadly weaker dollar on bets of an aggressive Fed cut, a trader said by phone.

“Asian currencies strengthened against the dollar following the US job openings data that fell below expectations, fueling speculation of a dovish Federal Reserve stance,” Security Bank Corp. Chief Economist Robert Dan J. Roces said in a Viber message.

Most emerging market currencies edged up against a wavering dollar on Thursday as bets on bigger interest rate cuts by the Federal Reserve grew, with focus on more US data due later in the day, Reuters reported.

MSCI’s index for emerging market currencies gained 0.2%.

The dollar struggled for direction after data on Wednesday showed US job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, while a Fed survey showed US economic activity expanded more slowly from the middle of July through late August.

The peso was also supported by easing Philippine inflation, the trader added.

The slower-than-expected inflation print will give the Bangko Sentral ng Pilipinas (BSP) more leeway to continue its rate cut cycle, Mr. Roces said.

Headline inflation eased to a seven-month low of 3.3% in August from 4.4% in July and 5.3% in the same month a year ago, the Philippine Statistics Authority reported on Thursday.

This was within the BSP’s 3.2-4% forecast for the month and was well below the 3.7% median estimate in a BusinessWorld poll of 15 analysts conducted last week.

The Philippine central bank on Aug. 15 reduced its policy rate by 25 basis points (bps) to 6.25%, marking its first easing move in nearly than four years.

BSP Governor Eli M. Remolona, Jr. has said they could cut rates by another 25 bps within the year.

The Monetary Board’s last two policy-setting meetings this year are on Oct. 17 and Dec. 19.

For Friday, the trader sees the peso moving between P56 and P56.50 versus the dollar. — AMCS with Reuters

US negotiators racing to present new Gaza ceasefire proposal — sources

A MAN looks on as Palestinians inspect a tent camp damaged in an Israeli strike during an Israeli military operation, in Rafah, in the southern Gaza Strip, May 28, 2024. — REUTERS

WASHINGTON/DOHA/CAIRO — The White House is scrambling to put forward a new proposal for a Gaza ceasefire and the release of hostages by Hamas in the coming days, two US officials, two Egyptian security sources and an official with knowledge of the matter told Reuters.

The new proposal aims to work out the major sticking points behind a months-long impasse in talks mediated by the United States, Qatar and Egypt seeking a truce in the conflict between Israel and Hamas, the US officials said.

Much of the deal has been agreed upon, a senior Biden administration official separately told reporters on Wednesday, but negotiators were still trying to hammer out solutions to two main obstacles.

Those are Israel’s demand to keep forces in the Philadelphi corridor, a buffer zone in southern Gaza on the border with Egypt, and the specific individuals who would be included in an exchange of Hamas hostages and Palestinian prisoners in Israel, said the administration official, who declined to be identified.

The first US official said a new draft accord could be produced next week or even sooner. “The feeling is the time is up. Don’t be surprised if you see (the revised draft) this weekend,” that official said.

The administration official said Hamas’ killing of six hostages, whose bodies were returned to Israel over the weekend, complicated the effort. “We all feel the urgency,” the administration official said. CIA Director William Burns, the lead US negotiator, heads the small group of senior US officials working on the draft which includes White House coordinator for the Middle East Brett McGurk and Secretary of State Antony Blinken, the first US official said.

“There is a very strong perception on the part of the negotiators that the cease-fire is slipping away,” the first US official said, underscoring the urgency underpinning the effort.

Since Mr. Blinken’s latest tour of the region last month failed to produce a breakthrough, mediators have kept up working-level discussions, and those talks are continuing, the first US official said.

The Egyptian sources said the US was shifting from a more consultative approach to trying to impose a cease-fire plan on the parties.

Both US officials said the revised plan would not be a final take-it-or-leave it offer and that Washington would continue working towards a cease-fire if it fell through.

ISRAELI PRESENCE
On Tuesday, five Arab countries including regional powerhouse Saudi Arabia as well as the Palestinian Authority joined Egypt in rejecting Israel’s demand to keep its troops deployed in the Philadelphi corridor. On Wednesday, Turkey issued a similar statement.

Parts of the three-phase agreement already accepted by both sides require Israel to withdraw from all densely populated areas of Gaza in the first phase of the deal. The senior administration official said the current dispute is whether the corridor qualifies as a densely populated area.

“So we’re really talking here about Phase One, about what that configuration will look like,” the official added.

The US group is considering areas of the Philadelphi corridor where Israeli troops would have to withdraw and areas where they could stay, the first US official said.

At talks in Qatar on Monday, an Israeli delegation led by Mossad chief David Barnea told mediators that Israel was willing to withdraw its troops from the corridor after the first 42-day phase of a ceasefire, the official with knowledge of the talks said.

But hours later Prime Minister Benjamin Netanyahu held a news conference in Jerusalem and insisted that Israel retain control of the Philadelphi corridor, comments the official said were made after the delegation had returned home.

Mr. Netanyahu on Wednesday repeated his outright rejection of a withdrawal from the corridor in the first phase of a deal. Israel would only agree to a permanent ceasefire after that if there were guarantees the corridor could never be used as route for smuggling weapons and supplies into Gaza for Hamas.

“This has placed the mediating parties in a difficult position. If Israel remains in the Philadelphi corridor, neither Egypt nor Hamas would agree to any agreement,” the official with knowledge of the matter said.

Mr. Netanyahu’s office declined to comment.

Senior Hamas official Izzat Al Risheq told Reuters on Wednesday that the group would deal with a new proposal that “responds to the demands of the resistance and the demands of our people,” without providing specifics. Hamas said in a statement there was no need for new proposals, and accused Mr. Netanyahu of seeking to thwart a deal.

Israel seized control of the Philadelphi corridor in May, saying it was used by Hamas to smuggle weapons and banned material into its tunnels to Gaza. — Reuters

Georgia high school student, 14, kills 4 and wounds 9 in campus shooting

STOCK PHOTO | Shooting gun photo created by senivpetro - www.freepik.com

ATLANTA — A 14-year-old boy killed two fellow students and two teachers and wounded nine others in a shooting at a Georgia high school on Wednesday, jolting the United States with the first mass campus shooting since the start of the school year.

The suspect, who had been interviewed by law enforcement last year over online threats about committing a school shooting, was taken into custody shortly after the shooting at Apalachee High School in Winder, Georgia, investigators said.

He was identified as Colt Gray, and will be charged and tried as an adult, Chris Hosey, director of the Georgia Bureau of Investigation, told a press conference.

Barrow County Sheriff Jud Smith said the gunman, armed with an “AR platform style weapon,” or semiautomatic rifle, was quickly confronted by deputies assigned to the school and that the suspect immediately got on the ground and surrendered.

Once under arrest the suspect was speaking with investigators, who believe he was acting alone, but they declined to say if they knew what motivated him.

Officials identified those killed as two 14-year-old students, Mason Schermerhorn and Christian Angulo, and two teachers, Richard Aspinwall, 39, and Christina Irimie, 53. All nine of those hospitalized were expected to recover, Mr. Smith told reporters.

“Pure evil did what happened today,” Mr. Smith said.

The Federal Bureau of Investigation later issued a statement revealing that it had investigated online threats to commit a school shooting in 2023 and local law enforcement interviewed a 13-year-old subject and his father in nearby Jackson County. The statement did not identify the teen, but Georgia officials said the statement was in connection to the subject in custody.

“The father stated he had hunting guns in the house, but the subject did not have unsupervised access to them. The subject denied making the threats online. Jackson County alerted local schools for continued monitoring of the subject,” the FBI said, adding that there was no probable cause to make an arrest.

The shooting revived both the national debate about gun control and the outpouring of grief that follows in a country where such outbursts occur with some regularity.

People in Winder, a city of 18,000 some 50 miles (80 km) northeast of Atlanta, gathered in a park for a prayer vigil later Wednesday night.

Some leaned on each other or bowed their heads in prayer, while others lit candles to honor the dead.

“We are all hurting. Because when something affects one of us it affects us all,” said Power Evans, a city councilman who addressed the gathering. “I know that here tonight, all of us are going to come together. We’re going to love on one another… We’re all family. We’re all neighbors.”

BIDEN SEEKS GUN LEGISLATION
The White House said in a statement that President Joseph R. Biden had been briefed on the shooting “and his administration will continue coordinating with federal, state, and local officials as we receive more information.”

“Jill and I are mourning the deaths of those whose lives were cut short due to more senseless gun violence and thinking of all of the survivors whose lives are forever changed,” Biden said in a statement, calling on Republicans to work with Democrats to pass “common-sense gun safety legislation.”

Vice-President Kamala Harris, the Democratic Party nominee for president, called the shooting a “senseless tragedy.”

“We’ve got to stop it. We have to end this epidemic of gun violence,” Harris said at the start of a campaign event in New Hampshire.

Former President Donald Trump, the Republican nominee for president, wrote on social media that “Our hearts are with the victims and loved ones of those affected by the tragic event in Winder, GA. These cherished children were taken from us far too soon by a sick and deranged monster.”

Georgia’s Republican Governor Brian Kemp, asked at a press conference what could be done to prevent shootings, said: “Today is not the day for politics or policy. Today is the day for an investigation, to mourn these precious Georgians that we have lost.”

The shooting was the first “planned attack” at a school this fall, said David Riedman, who runs the K-12 School Shooting Database. Apalachee students returned to school last month; many other students in the US are returning this week.

The US has seen hundreds of shootings inside schools and colleges in the past two decades, with the deadliest resulting in over 30 deaths at Virginia Tech in 2007. The carnage has intensified the pitched debate over gun laws and the US Constitution’s Second Amendment, which enshrines the right “to keep and bear arms.” — Reuters

Poland open to joining Manila in military exercises in South China Sea

PHILIPPINE STAR/ MICHAEL VARCAS

By John Victor D. Ordoñez, Reporter

POLAND is open to participating and observing joint military exercises with the Philippines and its allies in the South China Sea amid China’s growing assertiveness in the waterway, according to the chargé d’ affaires at its embassy in Manila

“We discussed this issue (joint exercises) with Defense Secretary (Gilberto Eduardo Gerardo C.), but we are welcome, we are open,” Jarosław Szczepankiewicz, chargé d’affaires at the Embassy of Poland in Manila, told BusinessWorld on the sidelines a security forum in Taguig City on Thursday.

He said his country is also willing to help the Philippines train its personnel in cybersecurity and other ways to boost the country’s technological capabilities.

Poland Foreign Minister Radoslaw Sikorski and deputy ministers are visiting Manila to meet with their Philippine counterparts to boost security and trade cooperation between both countries.

“Information technology systems are attacked permanently, and data is stolen, used against the country,” Mr. Szczepankiewicz said.

“This is an element in creating resilience of the country, the defense of the country.”

In 2016, a Hague-based arbitration court upheld the Philippines’ rights to its exclusive economic zone within the waterway. It rejected China’s claim to most of the sea based on a 1940s nine-dash line map that Philippine Foreign Affairs Secretary Enrique A. Manalo has said “had no basis in law.

Manila has been unable to enforce the ruling and has since filed hundreds of protests over what it calls encroachment and harassment by China’s coast guard and its vast fishing fleet

“We are keenly aware that the rivalry between China and the United States, that includes America’s allies in this region, could have an impact on us, both abroad and in the West,” Mr. Sikorski said at the security forum.

“We hope that the differences between countries can be resolved in a peaceful manner, because another world war is the last thing we want.”

Philippine Foreign Affairs Secretary Manalo earlier said the Philippine side had raised its concern over the fact that the Philippine Coast Guard vessel was hit by a Chinese vessel near Sabina Shoal at the weekend.

A Philippine task force handling sea disputes with Beijing on Saturday accused a Chinese vessel of “deliberately” ramming the Philippines’ largest coast guard vessel named BRP Teresa Magbanua thrice near Sabina Shoal.

The Chinese Coast Guard vessel caused significant damage to BRP Teresa Magbanua and endangered the lives of its personnel, the task force said.

Last month, the US and French navies held war games in the Philippine Sea to advance their interoperability “in support of a free and open Indo-Pacific,” according to the US 7th Fleet.

Manila, Washington, Ottawa and Canberra held their first joint military exercises in the South China Sea on Aug. 7 and 8 amid Beijing’s increased military buildup in the waterway.

“We are both countries with more powerful neighbors who see our defense of our own independence and borders as somehow an inconvenience for them,” Mr. Sikorski said.

“In other words, they offer us peace at the price of capitulation, and I think we are both determined not to allow that again.”

Ex-Mayor Guo to return to PHL after Indonesia arrest

SENATOR RISA HONTIVEROS FACEBOOK PAGE PHOTO

DISMISSED Bamban Mayor Alice L. Guo was expected to arrive in Manila on Thursday evening after her arrest in Indonesia, Justice  Secretary Jesus Crispin C. Remulla said.

Ms. Guo will be turned over to the National Bureau of Investigation (NBI) and the Bureau of Immigration (BI) before being handed to the Senate, Mr. Remulla told reporters after the DoJ’s congressional budget briefing.

She is expected to arrive “around midnight,” he said. He noted the NBI will be asked to examine Ms. Guo’s passport and documents. She will also undergo questioning.

This followed the departure of Secretary of the Interior and Local Government Benjamin C. Abalos, Jr. and Police Chief Rommel Francisco D. Marbil late Wednesday evening, to fetch the embattled mayor from Jakarta. They were joined by other officials of the DoJ, NBI, BI, Department of the Interior and Local Government, Philippine National Police (PNP).

In a separate virtual briefing on Thursday, PNP Spokesperson Jean S. Fajardo said Ms. Guo will land at Villamor Airbase. She will then be brought to Camp Crame in Quezon City aboard a chartered flight.

Ms. Guo will undergo a physical and medical examination to ensure she is in proper shape before she is turned over to the Senate to fulfill the arrest warrant. Ms. Fajardo said the PNP was ordered to fulfill the arrest warrant.

Also on Thursday, a new arrest warrant was issued against Ms. Guo before Regional Trial Court Branch 109 of Capas, Tarlac for her alleged corruption.

Philippine authorities in August said that Ms. Guo fled the country undetected, passing through Singapore and Malaysia to Indonesia, where she was eventually nabbed by Indonesian police. Her last public appearance was in a Senate probe in May.   

NO PRISONER SWAP
In an interview, DoJ Spokesman Jose Dominic F. Clavano IV told BusinessWorld that the deportation of Ms. Guo seems “unconditional” and “absolute” amid reports of a prisoner swap request.

“It seems unconditional, it seems absolute that they will give back Alice Guo to us,” Mr. Clavano said in mixed English and Filipino.

“There was no official request [from the Indonesian government],” he added. “The only thing that we’ve seen are Indonesian press releasing statements.”

Indonesian media reported that Indonesian authorities have requested to barter alleged Australian drug personality, who was arrested by the BI last May in Cebu.

Ms. Guo will face human trafficking, tax evasion, and money laundering charges before Philippine courts, DoJ Undersecretary Nicholas Felix L. Uy told congressmen at a congressional budget briefing.

“We expect more criminal charges [to be] charged against them in the Department of Justice,” Mr. Uy added, referring to Ms. Guo and her alleged cohorts in the filed cases.

Secretary Remulla said the NBI is already tracing the origin of her Philippine birth certificate to allow the Office of the Solicitor General (OSG) to start building up its case on a petition seeking to void the documentation.

The OSG in July moved to cancel Ms. Guo’s birth certificate after she failed to comply with the legal requirements for late birth registration.

“It’s up to the OSG now to cancel the birth certificate, so that the cancellation of her passport could begin,” Mr. Remulla said in Filipino. The DoJ last month deferred canceling Ms. Guo’s passport after her reported escape from the country, citing legal technicalities.

609-YEARS JAIL TIME
The Anti-Money Laundering Council (AMLC) on Thursday said Ms. Guo and her siblings face at least 609 years of jail time if convicted of the 87 counts of money laundering linked to illegal offshore gaming they are facing.

AMLC lawyer Adrian Arpon told a Justice and Human Rights Commitee hearing that the former mayor and her siblings, who were recently apprehended in Indonesia, the money laundering violations against them carry with them a penalty of at least seven years in jail and as much as 14 years per count.

The agency, NBI, and the Presidential Anti-Organized Crime Commission earlier filed a complaint against the Guos for 87 counts of money laundering.

“That’s (609 years) beyond one’s lifetime,” Senator Ana Theresia N. Hontiveros-Baraquel said at the same hearing, addressing Shiela Guo, the former mayor’s sister.

“I hope you can think about that carefully, Ms. Shiela, as you head the answer from AMLC.”

Senator Sherwin T. Gatchalian cited the need for law enforcement agencies to delve deeper into how those involved in Philippine Offshore Gaming Operations, which the government has since banned, were able to easily launder money.

“I want to understand from the Anti-Money Laundering Council how this big amount came in, where did it go and who were paid by this money,” he said at the same hearing. — Chloe Mari A. Hufana, Kenneth Christiane L. Basilio, and John Victor D. Ordoñez

Banana growers bat for PHL-SoKor trade deal to keep Korean market

THE PILIPINO Banana Growers & Exporters Association, Inc. (PBGEA, Inc.) on Thursday pushed for Senate concurrence in a free trade agreement (FTA) with South Korea, which would remove tariffs on the fruit, to boost exports and to compensate for losses caused by the Panama disease dampening production.

“If we are not able to finalize this free trade agreement with (South) Korea, we are very afraid that we will lose the Korean market entirely,” PBGEA and Dole Philippines corporate and government affairs consultant Melquiades L. Hernandez III told a Senate foreign relations committee hearing looking into the FTA with South Korea.

The Philippines and South Korea signed the free trade deal in September last year as both countries sought to boost trade ties.

The deal will remove tariffs on about 94.8% of Philippine products, while the Philippines will remove tariffs on 96.5% of South Korean goods.

Tariffs on bananas, which are currently charged a 30% tariff, are set to go to zero over five years. Tariffs on processed pineapples, which are currently charged 36%, will be removed in seven years.

Mr. Hernandez said the Banana exporter group is working with the Department of Agriculture to come up with countermeasures to address the outbreak of Fusarium wilt, also known as the Panama disease.

Exports of banana from the Philippines rose by 3.4% to 2.3 million metric tons last year, according to the Food and Agriculture Organization (FAO).  In its Banana Market Review, FAO linked this increase to the increased investment in containing the Panama disease and the rehabilitation of about 4,000 hectares of infected plantations.

The Philippine government is aiming to export more bananas, processed pineapples to South Korea once the trade deal is finalized.

For industrial goods, the FTA led to tariff elimination for 9,909 lines, of which 9,747 lines are set for tariff elimination upon entry into force.

“The Panama disease is a big issue for our industry, including the high cost of production because of efforts to address the diseases, and the availability of land,” Mr. Hernandez said.

The Department of Trade and Industry earlier said the Philippines is likely to ratify the FTA with South Korea by the middle of the year.

Under the Constitution, international agreements and treaties require a concurrence of two-thirds of the Senate’s members for ratification.

In December last year, then-Senate President Juan Miguel F. Zubiri told BusinessWorld in a Viber message that the deal would be ratified by January. The trade deal, however, has yet to reach the Senate plenary floor. — John Victor D. Ordoñez

New Marcos press secretary wants ‘active role’ in messaging in South China Sea row

PCO.GOV.PH

PRESIDENT Ferdinand R. Marcos, Jr.’s new communications chief vowed to take an active role in the administration’s messaging efforts including those involving the West Philippine Sea and infrastructure projects

Senior Undersecretary for Strategic Communications Cesar B. Chavez took his oath as Secretary of the Presidential Communications Office (PCO) on Thursday, replacing a former journalist who has been appointed to a non-related office.

“I’ll take an active role in messaging and communicating on our policies related to the West Philippine Sea,” he told reporters at the presidential palace after his oath, referring to parts of the South China Sea that fall within the Philippines’ exclusive economic zone.

“I’ll also focus on bringing you the news, you can also scrutinize the infrastructure projects of the President,’’ he added.

Mr. Chavez previously worked as Transport undersecretary for railways, having been able to defend some of the government’s flagship infrastructure projects in Congress.

He also became a deputy administrator of the Light Rail Transit Authority (LRTA).

The new appointee said he was tapped as early as August 2022 to lead the PCO but he wanted to focus at that time on helping the President “be the champion of infrastructure projects.”

Responding to “sari-sari” (various) stories will not be the Marcos administration’s legacy, Mr. Chavez noted, adding that the President will be judged on infrastructure projects he advanced.

“The best spokesperson, salesperson of this government is still the President, but I’ll be helping the President and our team to explain the interconnectedness of policies, especially those policies that will require more information campaign, more discussions,” the new PCO chief said.

DIGITAL HOTLINE
Mr. Chavez said his office has created a digital hotline to ensure that suspension of government work and classes is made before 4 a.m.

The hotline is composed of several offices such as the Office of the President, Office Executive Secretary, Office of Civil Defense, state weather bureau Pagasa, the Department of Interior and Local Government, and Metropolitan Manila Development Authority, among others.

The team will strive to come up with a decision on whether or not the government should suspend classes and work as early as evening, Mr. Chavez said.

Meanwhile, the new PCO chief vowed to make presidential events open to various press corps.

“We welcome everyone.”

Mr. Chavez said his main task is to “communicate for the presidency, to communicate for the government and to communicate for the state.”

“This is not an undertaking of the PCO, this is an undertaking of the entire government bureaucracy.”

His predecessor Cheloy Velicaria-Garafil, a lawyer and a former journalist, has been appointed to the Manila Economic and Cultural Office, which handles ties with Taiwan. — Kyle Aristophere T. Atienza

Integrated land use-flood management plan may fix chronic flooding

PHILIPPINE STAR/EDD GUMBAN

THE PHILIPPINE government should tie the various land use programs of each local government unit into a consolidated regional plan as part of efforts to address chronic nationwide flooding, a Cabinet official said on Thursday.

Resolving the country’s flooding woes requires land use planning coordination at the regional level and the integration of flood mitigation programs for the 18 major river basins nationwide, Science and Technology Secretary Renato U. Solidum, Jr. said during a congressional budget briefing.

“We cannot allow the local level to implement their own land use [plans],” he said in mixed English and Filipino. “We should have an integrated land use [plan] at the regional… and provincial level.”

“We need to have an integrated river basin management for upstream to downstream areas that can be affected [by flooding],” he added.

The Philippines has been undergoing a repetitive cycle of mass flooding after every torrential downpour during the rainy season despite billions of pesos going into flood mitigation efforts yearly.

The Department of Public Works and Highways (DPWH) requested a P298-billion budget for flood mitigation projects next year, Secretary Manuel M. Bonoan told congressmen in an earlier budget briefing.

Improper land use policies could worsen flooding due to the construction of impermeable structures, impeding waterflow, according to Mr. Solidum.

“The combination of the increasing amount of rain due to climate change and the urbanization of areas will really cause a lot of flooding unless the structures that manage the flow of water will not be there,” he said, noting the need to widen the country’s drainage systems.

He said efforts should also turn towards dredging the Laguna Lake to effectively increase its water capacity.

The Laguna Lake is the largest inland waterbody in the Philippines located near Metro Manila and the provinces of Laguna and Rizal.

“The lake acts as [a] water storage reservoir, and a reduced water storage capacity will mean putting… people living in flood risk zones in Metro Manila and around Laguna de Bay at risk,” a 2017 Laguna Lake Development Authority report stated.

The government should also look at constructing structures that could temporarily retain rainwater to reduce urban flooding, Mr. Solidum said. “We need a lot of water retention basins and dams.” — Kenneth Christiane L. Basilio