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Actor Steve McQueen’s family sues Ferrari

NEW YORK — Steve McQueen’s descendants are suing Ferrari for marketing autos around the image of the iconic actor without compensating the family.
The Italian sports car company profited unfairly from the actor’s legacy in 2017 when it sold “The McQueen,” a limited-edition model in connection with the 70th anniversary of Ferrari-branded cars, said the lawsuit, which was filed this week in a California state court.
Ferrari’s vehicle “creates the false perception that the car has been authorized by the family and that its design and details make it an authentic ‘McQueen’ car, deserving of the price premium and value that accrues to licensed and authentic McQueen cars and products,” said the complaint, which was filed in Superior Court in Los Angeles.
After lawyers representing the McQueens complained, Ferrari renamed the model “The Actor” but continued to employ McQueen’s likeness on its website and in marketing material, the suit said.
Ferrari declined comment through a spokeswoman.
McQueen, who was famous for doing many of his own stunts, died in 1980.
The suit was filed by the actor’s son, Chadwick McQueen, and the estate of the actor’s daughter, Terry McQueen, on behalf of granddaughter Molly McQueen. The two parties are the co-owners of Steve McQueen’s right of publicity and trademark rights.
The McQueen family has worked closely with automakers and motorcycle companies on vehicles that invoke the legacy of McQueen, whose “anti-hero persona made him a top box-office draw of the counter-cultural 1960s and 1970s and engendered his nickname ‘The King of Cool,’” said the complaint.
The family worked with Ford on a new Mustang that paid homage to the car driven by Steven McQueen in the 1968 movie Bullitt. Molly McQueen drove out in the original car during Ford’s launch event at the 2018 Detroit auto show in January.
The family’s suit seeks an injunction against Ferrari’s McQueen marketing, an award of all profits gained from the “infringing acts,” financial damages and “the destruction of all marketing, advertising, or promotional materials depicting Steve McQueen’s name, photograph or likeness.” — AFP

You will never really cohere

By Noel Vera
DVD Review
You Were Never Really Here
Directed by Lynne Ramsay

LYNNE RAMSAY’s films as narrative features are, to put it mildly, problematic: they rarely unfold in the approved straightforward manner; are elliptical to the point of obscure; are dark violent disturbing.
And yet, and yet, and yet…
Her latest, You Were Never Really Here, recycles the hoary storyline of Taxi Driver (which borrowed heavily from Ford’s The Searchers), adds a splash of Beauty and the Beast contrast (the fiercely burly hitman Joe [Joaquin Phoenix] and the preternaturally beautiful girl-child [Ekaterina Samsonov]), plus a dollop of Psycho’s closeknit mother-son relationship (with Judith Roberts — still strikingly handsome 40 years after Eraserhead — as Joe’s mother); stir and pour over ice, drink, choke. The mixture does not go down easy.
There’s the suggestion of rampant political corruption (powerful white males jockeying for possession of loved ones) and possible sexual redemption (physically powerful white male — standard-issue representative of abusive machismo — rescuing feminine innocence); there’s even the suggestion of bestial martyrdom in Joe’s loneliness and suffering. A collection of clichés and tropes that were already dated when they previously appeared onscreen (see John Ford) all wrapped up and delivered to Joaquin Phoenix’s hitman for safekeeping.
Yet there’s this “don’t give a fuck” quality to Ramsay’s work, a defiant sense of using narrative as the flimsiest of excuses to hang images, sounds, textures, moods on the big screen for us to gaze at. Joe enters a well-guarded “playground” armed with nothing but a machinist’s hammer, batters his way in — you want to ask: aren’t the guards armed with guns? But Joe is unsettlingly fast. Ramsay shoots the sequence with shots angled and filtered for the images to resemble surveillance camera footage, and cuts in such a way that you’re a step behind what’s happening — first you see Joe’s silhouette rounding a corner, next he’s clubbing someone’s head down the far end of a hallway. Either you’re so disoriented the thought of firearms never occurs to you, or you halfway accept her conceit with a minimum of discomfort. Or you throw up your hands in irritation — but Ramsay doesn’t seem to care about that reaction either.
You think of Jean-Pierre Melville’s Le Samourai and how the sleekly understated Alain Delon manages to outshoot his adversary no matter how fast they draw (as with Ramsay it’s all in the editing). You also think of the claw hammer fight sequence in Park Chan Wook’s Oldboy which doesn’t cheat on editing (there isn’t any) and more convincingly presents its no-guns scenario (they only mean to beat the hero up) — but that was some 15 years ago and Ramsay’s take is a clever variation and update, monitoring cameras and all.
The sound design is equally inventive — Ramsay works from a background of relative silence — long sequences without dialogue and carefully designed ambient sound (you feel the dimensions of a room or hallway, from the barely discernible hum). You hear Joe’s steps, sometimes a hesitant shuffle, sometimes the tattoo of shoes running on concrete — the swift approach of God’s wrath. Sometimes Ramsay evokes a chill by taking away sound — when Joe assaults one brothel guard after another you don’t hear the hammer pounding flesh and bone, only occasionally catch the sound of a muffled cry.
Jonny Greenwood’s music — he did the scores for Paul Thomas Anderson’s There Will Be Blood and Phantom Thread — is equally spare here, and precisely placed. Absent from most scenes but when it is there — often when Joe is distressed — it’s effective, all panicky strings and discordant chords.
Occasionally Ramsay uses a bit of pop music and when she does it’s stunning: Joe has gunshot a man — possibly a secret service agent — who flounders on the floor helplessly, like a mouse dragging the trap that has broken its legs behind it. Charlene’s “I’ve Never Been to Me” plays and first the agent and then Joe — who has laid down beside him — starts mumbling the lyrics. Treacly long-forgotten pop song improbably remembered by two men who have little in common, and the lyrics — about a woman who has done everything and achieved little — come back to them and us with unexpected emotional force (Why? Because!). Straying into Dennis Potter territory here, and if Ramsay almost immediately drops the moment and forgets it we don’t; we’re grateful for the moment.
Ramsay hangs all her romanticized notions about brokenness and trauma and mysterious guardian angels on Phoenix’s drooped shoulders. He’s Ramsay’s version of Cocteau’s beast fallen on hard times, the beard so luxuriant it could be an honorary lion’s mane, the big arms meant to give spine-cracking bear hugs (or snap a man’s neck), the skin mottled with bruises — Joe is Ramsay’s objet d’art on which she can splash and splatter all manners of filth and hemorrhage (carefully painted, casually shot), plus the odd shattered molar extracted with (again the sound design) a wince-inducing crunch. He has a paunch — he’s let himself go, and the flab is both reassuring and disconcerting; he can be a lazy slob like the rest of us, yet surprises us constantly with his strength and speed.
If we’re inside anyone’s head it’s Joe’s — the camera stays with him as he pulls on a plastic bag, his mouth sucking uselessly for air; it stays with him while a wet towel is draped over his face, and Ramsay inserts brief flashbacks (Joe’s mother hiding under a bed, Joe standing against a wall, Joe’s father stalking mother and son). We see other glimpses to his past (a sequence in Iraq where Joe hands over a gun to a youth, whereupon said boy shoots a fellow youth; a sequence where Joe flashes his light into a cargo container full of dead children — illegal migrants, presumably, who died in transit). We get some hints and suggestions as to Joe’s troubled relationship with his mother — it’s clear he loves her but she’s a reminder of his traumatic past and hangs round his neck like so much metaphorical dead weight. Later is a scene of letting go so out-of-nowhere lyrical that it takes your breath away — Thomas Townend’s camera shoots with dazzling shafts of light refracted through water and it’s like another world where suffering has vanished, gravity rendered meaningless.
The experience of watching the film may or may not come out a wash: we never really learn much about Joe, much less all the characters he’s come in contact with (his mother; Nina; Senator Williams [Alessandro Nivola] who we only see in fragments); we never get much more out of the film than the truism that powerful men are often murderous rapacious animals and any man with any ability to oppose them (oppose his kind in effect) is probably nuts for doing so. Ramsay seems to direct empty minimalist constructs with intriguingly seductive surfaces — but Oh what surfaces! I liked it, ultimately, but it was a struggle; if you didn’t — can’t say I blame you.

Leadership and governance key to Bataan’s effective health programs

The provincial government of Bataan is a good example of how leadership and governance play a vital role in the effective implementation of health programs.
The USAID defined health system governance as governance undertaken with the objective to protect and promote the health of the people. It is composed of elements such as “(1.) setting strategic direction and objectives; (2.) making policies, laws, rules, regulations, or decisions, and raising and deploying resources to accomplish the strategic goals and objectives; and (3.) overseeing and making sure that the strategic goals and objectives are accomplished.”
The World Health Organization (WHO), on the other hand, explained that governance is about “ensuring that a strategic policy framework exists and is combined with effective oversight, coalition-building, regulation, attention to system-design and accountability.”
Michael Angelo Baluyot, nurse epidemiologist of the Bataan Provincial Health Office (PHO), said that their governor spearheaded their health programs and ensured these were cascaded down to the municipal and barangay levels.
Speaking on behalf of Bataan Governor Albert Garcia during the Health for Juan and Juana Forum, Mr. Baluyot said that the governor personally reached out to local chief executives, municipal health officers, and heads of various government offices to secure their commitment to and support for the provincial government’s tobacco control program.
Smoking inside enclosed public places in Bataan, including public vehicles, and other enclosed areas, was strictly prohibited. Selling of cigarettes to and by minors, and in certain places frequented by minors like the vicinity of schools, was likewise prohibited. There was also a province-wide ban on advertising, promotion and sponsorship of tobacco products. Information, education, and communication materials, such as posters and tarpaulins, were developed and placed in strategic public places to promote awareness of the ill effects of smoking.
Smoking cessation counseling sessions were conducted in different municipalities and barangays, which were attended by smokers in the province — including some key officials and police personnel from the municipalities. To monitor tobacco control program compliance, the provincial government relied on citizens’ text messages on alleged violators, which were then relayed to the concerned mayors for appropriate action.
As a result of the Bataan provincial government’s tobacco control program, seven of its local government units (LGUs), three government hospitals, and 20 government offices won a total of 30 awards in the 2017 Red Orchid Awards of the Department of Health (DoH). “This year, Bataan is aiming to win 40 Red Orchid Awards,” Mr. Baluyot said. The annual Red Orchid Awards are conferred by the DoH to recognize cities, municipalities, government offices, and health facilities that are strictly enforcing tobacco control measures. Its panel of judges is composed of representatives from the DoH, the WHO, the Civil Service Commission, the Philippine Ambulatory Pediatric Association, and the Framework Convention on Tobacco Control Alliance Philippines.
Another health program of the Bataan PHO is Malusog na Kawani, Healthy Lifestyle ang Susi, which aims to identify provincial government employees with hypertension and type 2 diabetes and who manage their conditions through medications and a healthy lifestyle.
The PHO provides free blood pressure measurement and fasting blood sugar (FBS) tests once a month. All employees diagnosed with hypertension and diabetes are entered into a registry for monitoring, provided with maintenance medications on a monthly basis, and enrolled in a health club organized by the PHO. They undertake healthy lifestyle changes, which include eating a healthy diet, increased physical activities such as dance class and running, smoking cessation counseling for smokers, and reduction of alcohol intake. These employees are also asked to have regular follow-ups and re-evaluation by the PHO physician.
Indeed, leadership and governance are important building blocks of a health system and crucial in the attainment of Universal Healthcare.
 
Teodoro B. Padilla is the executive director of Pharmaceutical and Healthcare Association of the Philippines (PHAP). Medicine Cabinet is a weekly PHAP column that aims to promote awareness on public health and health care-related issues. PHAP and its member companies represent the research-based pharmaceutical and health care industry.
medicinecabinet@phap.org.ph.

Cruising around Asia


By Michelle Anne P. Soliman, Reporter
VOYAGER OF THE SEAS, the 15-deck cruise ship of Royal Caribbean International which can handle 4,269 guests, will sail to over 70 destinations around Asia until June 2019.
“Cruising was known as [an activity] for the old. It’s expensive, and it’s boring. So, it’s our responsibility to make sure that a different message is imparted to the people,” said Joy V. Abrogar, senior vice-president and COO of Arpan Air which is the general sales agent of Royal Caribbean International, who was talking with BusinessWorld during the Manila stop of the ship’s maiden voyage to Manila from Shenzhen and Hong Kong on July 20.
“It’s different from 21 years [ago]… Even years before that, we had challenges in penetrating the markets. We had to educate the people and the travel agents,” she said.
“Royal Caribbean strives to provide every traveler with the vacation experience they deserve,” Marilen Yaptangco, International Representative of Royal Caribbean International in the Philippines, was quoted as saying in a press release. “This quick stop on Philippine shores is an opportunity for us to showcase the world-class offerings of Voyager of the Seas to Filipinos.”
WHAT’S IN STORE
Voyager of the Seas features 1,643 staterooms including new panoramic view staterooms with floor-to-ceiling windows; and “virtual balcony” interior staterooms which show views of the ocean and destinations.
Among its recreational facilities are an ice skating rink, a sports court with a rock climbing wall, a nine-hole miniature golf course, and a FlowRider surf simulator.
It’s the first cruise ship with the Royal Promenade — a boulevard of duty free boutiques — as well as the Café Promenade which offers complimentary food and is open for 24 hours. Dining options include the main dining room and Windjammer Café buffet restaurant which features international cuisine, and Giovanni’s Table Italian restaurant, the ship’s flagship restaurant.
Since its inaugural voyage in 1999, Ms. Abrogar said that they continue to “keep with what is perceived to be the needs of the new market,” mentioning the addition of Wi-Fi onboard and the introduction of new dining options.
Aside from families on vacation, Ms. Abrogar said that their team has observed that cruising has been popular among incentive groups of companies, as well as students taking up hospitality and restaurant management. “For the past five years, it has become a very popular choice for incentive groups, because when you say ‘cruise,’ you would automatically think it’s a reward. It’s a dream for people to go on a cruise.
“We [also] have student programs on board. They are able to interview the restaurant manager, [and] the chefs,” she said.
Over 70 Asian cities
Among Voyager of the Seas’ upcoming cruises are a nine-night cruise from Hong Kong to Kochi which will pass by Okinawa, Kyoto, and Kobe on Aug. 10; and an eight-night cruise from Hong Kong to Singapore with port calls at Nha Trang, Ho Chi Minh City, and Bangkok on Aug. 29.
The ship will then travel around Southeast Asia from Singapore until June 2019, offering a four-night cruise to Kuala Lumpur and Phuket; a five-night cruise to Kuala Lumpur, Penang, and Phuket; and a five-night cruise to Bangkok with an overnight stay.
“You don’t have to pack and unpack. That’s your hotel for the whole time. Your hotel moves with you. With the cruise, you experience the destination, at the same time, you experience the ship. You experience your tour while you’re getting there,” Ms. Abrogar said.
“It’s a dream for us that the Filipinos will be able to experience real cruising,” she added. “If you get bored [on the ship], it’s your fault.”
For more information, visit www.royalcaribbean.com/sgp/en?wuc=SGP.

Tech-propelled growth

SEATTLE — This city is the largest in the state of Washington and the entire Pacific Northwest region of North America. Its metropolitan area encompasses the state’s eight most populous counties, officially defined by the US Census Bureau as the Seattle-Tacoma-Olympia combined statistical area that is home to two-thirds of Washington’s population.
Greater Seattle hosts the headquarters of major US companies such as Microsoft, Amazon.com, Starbucks, Nordstrom, Costco, T-Mobile, Expedia Group, and Nintendo of America.
Microsoft’s Redmond campus occupies almost a million square meters of office space with additional offices in the suburbs of Bellevue and Issaquah. As of 2016, it is the world’s largest software maker in terms of revenue.
Founded by Seattleites-by-birth Bill Gates and Paul Allen in 1975, Microsoft now employs over 130,000 employees worldwide. Its best-known products are the Windows line of operating systems, the Microsoft Office suite, the Internet Explorer browser, and the Xbox video game consoles.
Japanese multinational electronics firm Nintendo’s North American subsidiary is likewise based in Redmond, with a distribution center in North Bend. German-owned wireless network operator T-Mobile and global travel tech company Expedia are both headquartered in Bellevue.
Amazon, the biggest online retailer in the world, is based in downtown Seattle along with the Nordstrom chain of department stores. Wholesale warehouse club Costco opened its first outlet in Seattle 35 years ago but maintains its global headquarters in Issaquah.
Seattle has a reputation for heavy coffee consumption, especially after Starbucks pioneered the so-called “second wave coffee” in the city’s iconic Pike Place Market circa 1971. Many other successful artisanal cafes originated here, including Seattle’s Best Coffee and Tully’s.
Although Boeing moved its corporate headquarters from Seattle to Chicago more than a decade ago, it still operates large manufacturing plants in the suburbs of Everett and Renton while remaining as the largest private employer in Greater Seattle.
The Port of Seattle is a major gateway of American trade with Asia and luxury cruises to Alaska. It also operates the Seattle-Tacoma International Airport at a relatively new city called SeaTac in King County, Washington. Regional airline company Horizon Air and its sister carrier Alaska Airlines are headquartered in SeaTac.
Seattle’s economy is largely driven nowadays by the tech sector, mostly in the fields of information technology, biotechnology, and clean technology. It remains a hotbed for start-up businesses and has been ranked as “America’s No. 1 Smart City.” The local government has committed to make it North America’s first climate-neutral city, with the goal of reaching zero net per capita greenhouse emissions by 2030.
According to the US Consumer Technology Association (CTA), emerging technologies will propel the tech industry to a record-breaking $351 billion in retail revenues this year, growing by 4% from the year-ago level.
“Consumers are rapidly adopting new, emerging technology products — with voice-activated smart speakers as the new standout of 2017 and 2018 — sparking growth in smart home devices, as voice interaction adds a new level of convenience in our lives,” the CTA said.
Aside from these smart speakers, virtual reality and other home automation products are projected to rise exponentially by America’s largest tech trade association. The CTA also expects drone sales to reach record highs together with wearable products in the health, fitness and sports market.
Excitement about these emerging technologies continues to grow among the people of Greater Seattle, and their Filipino counterparts should emulate the Seattleites’ high degree of tech consciousness to build our own smart cities of the future.
 
J. Albert Gamboa is CFO of the Asian Center for Legal Excellence and Chairman of the FINEX Media Affairs Committee’s Golden Jubilee Book Project.

GMCAC says it is fixing gutter problem at MCIA

MACTAN CEBU International Airport’s Terminal 2 — ARRA B. FRANCIA

THE operator of the Mactan-Cebu International Airport (MCIA) said the flooding at the Terminal 2 on July 31 was caused by its contractor’s failure to follow the original design for the gutter system.
“The contractor had incorrectly installed the gutter system that was designed for the Link Bridge. This is the reason for the Link Bridge and Drop-off Zone being unduly exposed to rain,” GMR Megawide Cebu Airport Corp. (GMCAC) said in a statement on Thursday.
The consortium of Megawide Construction Corp. and Indian company GMR Infrastructure Ltd. is the government’s concessionaire for the MCIA.
GMCAC said it only discovered the faulty installation in mid-July, and the heavy rains affected the on-going construction to correct this.
The company said a heavy downpour on July 31 caused what it called “a slight overflow of rainwater” in the Link Bridge, which lasted for less than one hour.
“Once the gutter installation is corrected, the rainwater from the Link Bridge canopy will be connected back to the rain water drainage system. In effect, this will solve the exposure of Link Bridge and its Drop-Off zone to rain water,” the company said.
It noted 80% of the problem will already have been resolved within the week with the measures currently being done, and targeted to be completed by August 20.
“(Megawide-GMR) is committed to a swift resolution. These are quicker than usual timelines considering the heavy rains that Cebu has been experiencing for the past few days,” it added.
The MCIA Terminal 2 was inaugurated in June and started exclusively servicing international flights on July 1. The P17.5-billion expansion of the airport was the biggest public-private partnership (PPP) project awarded during the previous administration. — Denise A. Valdez

How PSEi member stocks performed — August 2, 2018

Here’s a quick glance at how PSEi stocks fared on Thursday, August 2, 2018.

Investing for a cause

Investing for a cause

Robinsons Bank income climbs 33.9% in first semester

ROBINSONS BANK Corp. saw its net profit climb in the first half of the year, driven by expansion of its loan book.
In a text message, Robinsons Bank President and Chief Executive Officer Elfren Antonio S. Sarte said the net income of the Gokongwei-led lender reached P201.8 million in the first semester, up 33.9% from the same period last year.
Mr. Sarte said this puts Robinsons Bank “on track” to reach its year-end target income of P500 million.
The lender’s total interest income grew 40.7% to P2.5 billion in the first half from the P1.78 billion logged in the comparable year-ago period.
“The improvement in the income performance of the bank is largely due to the increase in our lending books,” Mr. Sarte told BusinessWorld in a text message.
The total loan portfolio of Robinsons Bank stood at P59.7 billion, growing by 43.5% year-on-year.
Likewise, total deposits grew 18.6% to P83.8 billion.
Overall, the bank’s total assets stood at P107.3 billion as of end-June, up 25.8% from end-June last year.
In a previous interview, Mr. Sarte said the bank expects lending growth to ease this year, as the 40% loan growth it posted last year “might be hard” to sustain following interest rate hikes implemented by the Bangko Sentral ng Pilipinas.
Looking ahead, Mr. Sarte said the bank is keen on scaling up as a universal bank and eventually going public.
Robinsons Bank is currently licensed as a commercial lender and is the 19th biggest in the industry in asset terms as of end-March, data from the central bank revealed. — Karl Angelo N. Vidal

House panel approves TRAIN 2, hopes to dampen inflation impact

A HOUSE COMMITTEE approved in principle a bill covering the second package of the tax reform program, though its chairman signalled that he will rule out any proposals that would aggravate inflation.
Meanwhile, Senate President Vicente C. Sotto III on Thursday filed the chamber’s version of the tax reform package, going into the books as Senate Bill No. 1906 or the proposed Corporate Income Tax and Incentives Reform Act, with Mr. Sotto saying that his priority is aiding micro, small and medium enterprises (MSMEs).
The House committee also constituted a technical working group tasked to consolidate House Bill (HB) 7458, Corporate Income Tax and Incentives Reform Act, with other bills seeking to reduce corporate income tax (CIT) while rationalizing fiscal incentives.
“Can we at least agree that we will, as we do the substitute bill, cut down on items that will contribute or aggravate the rising inflation,” Ways and Means Committee Chair Dakila Carlo E. Cua said.
The bill, authored by Mr. Cua, Representatives Raneo E. Abu, and Aurelio D. Gonzales, proposed to lower the CIT rate from 30% to 20%, reducing the rate by one percentage point annually; while streamlining grant of fiscal incentives.
The Department of Finance (DoF) only wants to go as far as lowering the CIT to 25% and proceed with the lowering by percentage points a year on condition that additional revenue to be raised equals 0.15% of gross domestic product (GDP). The DoF proposal is embodied in HB 7214, authored by Reps. Horacio P. Suansing, Jr. and Estrellita B. Suansing.
“The objective is to increase investment and jobs. That’s the bottom line of what we’re trying to work on,” Mr. Cua told reporters in an interview.
“We need to streamline investment schemes to be more responsive, targeted and transparent,” he added.
He did not specify a timeline for the drafting of a substitute bill.
“We are trying to finish as early as possible without compromising the quality of the legislation,” he said.
“It’s very important to exert all efforts to make this non-contributory to the rising inflation. In fact, we will try to write it so it decreases inflation. That’s a little ambitious, but at least what we want to achieve is no increase in inflation,” Mr. Cua said.
The second tax reform package seeks to remove redundant tax incentives which the DoF estimates cost the government some P178.56 billion in potential revenue in 2016.
The government also proposes to replace the existing 5% gross income earned tax incentives in lieu of all other taxes, with a 15% tax on net income.
Incentives to be retained will be those in line with the Strategic Investment Priority Plan (SIPP), and the system will be managed by the Fiscal Incentives Review Board.
Also on Thursday, committee vice chair Jose Ma. Clemente S. Salceda urged the DoF to consider introducing a provision creating an adjustment fund in the proposed measure to assist workers likely to be affected by the law.
Mr. Salceda said during the fifth deliberation session for the House Bills: “It makes sense to make a contingency (fund) and it should be built within the law.”
In response, Finance Undersecretary Karl Kendrick Chua said “I can suggest in other clauses that such a fund be created.”
Deputy Speaker Sharon S. Garin raised concerns about the DoF’s removal of the 10% special rate incentive granted to the education and health sectors, should they fail to meet certain criteria.
“We want to keep the incentives, but we also want the schools to improve,” Mr. Chua said.
Ms. Garin, however, argued that performance of educational institutions is determined by several factors.
“Its a mix of (many) variables, we cannot just go into the numbers,” Ms. Garin said, adding that performance of a school should be the concern of government agencies such as the Department of Education and the Commission on Higher Education.
“That’s the job of DepEd and CHEd. I think that’s more of their concern. (It cannot be corrected by) slashing what were giving them,” Ms. Garin added.
“My version of TRAIN 2. My focus is on lowering corporate income tax of micro, small and medium enterprises (MSMEs) from 30% to 25%,” Mr. Sotto said in a text message to BusinessWorld.
In his explanatory note, Mr. Sotto said the government needs to lower the corporate income tax for the 915,000 registered corporations.
He said the 123 special laws on tax incentives should be repealed and instead be consolidated into a single omnibus incentives list provided in the bill.
It would also repeal exemptions under the National Internal Revenue Code on government-owned and controlled corporations (GOCC), educational institutions and hospitals, regional or area headquarters (RHQs), regional operating headquarters (ROHQs), income of resident foreign corporations from foreign currency transactions, nonresident cinematographic film owners, lessors or distributors and owners or lessors of vessels, aircraft, machineries and other equipment.
He also clarified that “the existing investment tax incentives shall not be removed, but it will be rationalized,” noting that some 654 firms enjoyed incentives from the government over the past 20 to 30 years.
“Thus, it is high time to have a tax incentives system that is performance-based, targeted, transparent and time-bound in order to ensure that the Filipino people will gain from every peso that the government gives to the firms registered in the investment promotion agencies (IPAs),” he said.
Mr. Sotto assured that the bill “will not have any inflationary effects” but will provide support to 90,000 MSMEs with the proposed lowered corporate income tax.
The bill also provides higher penalties for tax offenders, he added.
Mr. Sotto earlier said he was inclined to support the second package of the tax reform program after learning from the Department of Finance (DoF) that the proposed measure would help MSMEs.
Once filed, he also had hoped the issue will spur further discussions in the Senate. — Charmaine A. Tadalan and Camille A. Aguinaldo
Investing for a cause

NEA 2019 budget cut but cites gains in electrification

THE National Electrification Administration (NEA) will be receiving from the national government a budget of P1.163 billion for next year, significantly lower than this year’s funding.
“We need more funds,” said NEA Administrator Edgardo R. Masonsong in a statement.
“Our partnership with the 121 ECs (electric cooperatives) is getting stronger every year, and with them by our side we are making steady progress towards meeting our target of new rural households having access to electricity for 2018,” he added.
He said budget constraints will not deter NEA from its commitment to bring electricity to households even in far-flung areas.
Mr. Masongsong said he will be appealing for more funding in the coming years, citing the 19,740 sitios or 2.4 million households nationwide that are yet to be reached by electricity.
Despite the challenges, the agency has continued to make good progress in meeting its household electrification target, he said.
NEA through its partnership with electric cooperatives has successfully energized 12.447 million consumers nationwide to date.
In the first six months of 2018, new consumer connections reached 260,224, or nearly 56% of NEA’s target for the year, the agency said. — Victor V. Saulon

DENR harmonizing MICC findings with Lopez-era mining investigation

THE DEPARTMENT of Environment and Natural Resources (DENR) said that it will depend heavily the findings of the Mining Industry Coordinating Committee (MICC)-sanctioned independent review of the mines ordered closed or suspended last year but also incorporate the findings of an audit ordered by former secretary Regina Paz L. Lopez.
The MICC convened on Thursday to discuss the final report of the and independent group of experts, but Environment Secretary Roy A. Cimatu said that before conducting further executory action, it has to harmonize the latest study with the findings of Ms. Lopez against 27 mines ordered closed or suspended in February 2017.
Mr. Cimatu said that the status of four unidentified mines found to have failed the independent review in June will await the harmonization process.
“(The review team) presented its final findings and we will harmonize them with the previous findings of the previous secretary,” Mr. Cimatu told reporters yesterday, adding that the closure orders will await the harmonization process.
“I will be really making a decision by giving heavy weight to the outcome of this audit,” he added.
Mr. Cimatu said that the DENR has set a preliminary meeting for Monday with the independent review team to discuss the consolidated reports.
However he said he has to consult President Rodrigo R. Duterte before making any decisions on the mines involved.
“I have to present this to the president first before I release all these things,” Mr. Cimatu said.
On June 21, the MICC convened, and initially identified 23 mines that passed technical, legal, environmental, and social standards of mining after a three-month review that began in March.
Sought for comment, Chamber of Mines of the Philippines Executive Director Ronaldo S. Recidoro said that the latest audit “was more scientific than the first effort of Secretary Lopez.”
“I think the academe is more involved this time, more experts were engaged and I think that’s the right way to go,” Mr. Recidoro said in a phone interview, but noted that the DENR “can’t really discount the first audit.”
“Our concern is that it has to be done right,” said Mr. Recidoro.
He added that large-scale miners are likely not part of those ordered to be closed down, and that the closure orders should not significantly affect the mineral production in the Philippines, which is the second largest nickel supplier in the world.
“Definitely I don’t think the listed miners they want to be part of that list. They’re doing everything they can to comply with the law, so it would probably be smaller operators that can’t meet the rehabilitation required by law kasi magastos,” said Mr. Recidoro.
The legal aspect of the review verified whether the mining firms had secured required permits to operate a mine, while the environmental component looked at rehabilitation efforts, with the social component identifying whether firms have adequate social development programs; the technical component covers firms’ capitalization; and the economic aspect covers the contribution of total mining operations to the host community.
Mr. Cimatu also said that the MICC is reviewing an alternative to open-pit mining, following Mr. Duterte’s third State of the Nation Address.
“The instruction of the president is that there will be a reinvention of how to extract mineral ores without destroying the environment. Also aside from the extraction, how to give assistance to the communities around the mining activities,” he said.
Asked whether the DENR will submit to Mr. Duterte a draft executive order on the ban on open-pit mining, Mr. Cimatu said: “We are not yet there, it’s still a work in progress. We will find a substitute for open pit mining.”
Mr. Cimatu also said that the DENR is reviewing new reforestation measures. — Elijah Joseph C. Tubayan

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