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Yields on gov’t debt drop

TRADING IN government securities (GS) was muted last week, causing yields to flatten, amid bargain hunting as investors watched developments in the United States and ahead of central banks’ monetary policy meetings this week.

Yields on government debt fell 3.19 basis points (bps) on average, according to Philippine Dealing & Exchange Corp. data as of March 16.

Ruben Carlo O. Asuncion, chief economist at UnionBank of the Philippines, said trading was mostly “muted” last week ahead of the US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) policy meetings scheduled this week.

“However, there were buying interests seen that saw the yields decline during the week that may be a result of bargain hunting by investors,” the economist said.

“The expected policy meetings next week have kept most players cautious on the sidelines with minimal trading,” added Mr. Asuncion.

The Federal Open Market Committee will start a two-day meeting tomorrow, during which the US central bank is expected to raise interest rates for the first time this year.

Meanwhile, the BSP will hold its rate-setting meeting on March 22. The local central bank decided to cut the reserve requirement ratio for big banks during its Feb. 8 meeting, but announced the “operational” move only a week after.

For his part, Guian Angelo S. Dumalagan, market economist at the Land Bank of the Philippines (LANDBANK), said short term yields fell due to “safe haven” buying amid political noise about the plan of US President Donald J. Trump to impose higher tariffs on steel and aluminum imports.

Security Bank Corp. Head of Institutional Sales Carlyn Therese X. Dulay agreed, saying that GS yields were slightly lower due to uncertainties surrounding tariffs and other US policies.

The tariffs of 25% on steel and 10% on aluminium imports, proclaimed by Mr. Trump last March 8, appear to soften what the US president billed as a global, “no-exceptions” move to protect the two industries under a 1962 national security trade law.

Mr. Trump’s sudden push for the tariffs triggered fears of a global trade war and rattled financial markets, according to a Reuters report.

A bond trader said yields for local GS were lower mainly on “client driven deals.”

“A relatively dovish stance by the BSP also forced dealers to come out of the woodwork,” the bond trader added.

At the secondary market, in the short end of the curve, the 91-, and 182-day Treasury bills (T-bill) fell by 46.34 bps and 65.60 bps to yield 2.9756% and 3.0261%, respectively. Meanwhile, the 364-day T-bill inched up by 37.64 bps to yield 4.0393%.

“Yields of shorter tenors also decreased following the unexpected drop in US retail sales. The overall decline, however, was tempered by firm US inflation report, which further supported views of another US rate hike this month,” added Mr. Dumalagan.

The US Commerce Department said retail sales slipped 0.1% last month. January data was revised to show sales dipping 0.1% instead of falling 0.3% as previously reported. It was the first time since April 2012 that retail sales have declined for three straight months.

US consumer price inflation rose in February, well within expectations, the Labor Department reported on March 12.

Excluding food an energy prices, the consumer price index rose 0.2% in February month-on-month for both headline and core gauges, in line with the market consensus.

At the belly, yields on the two-, four-, five-, and seven-year Treasury bonds (T-bond) increased by 2.70 bps (4.3598%), 25.83 bps (5.4338%), 5.29 bps (5.523%) and 12.85 bps (6.7571%). Meanwhile, the rate of the three-year bond dropped 79.64 bps to 4.4%.

Meanwhile, bonds at the long end of the curve saw increases in yields. The 10-, and 20-year T-bonds saw their yields go up by 24.75 bps to 6.1865% and 50.67 bps to 7.1629%, respectively.

LANDBANK’s Mr. Dumalagan said short term yields might rebound this week, tracking the possible increase in the US federal funds rate.

“Investors will definitely scrutinize the policy guidance and economic projections of the US central bank for clues about the future pace of US interest rate normalization. A change in consensus from three rate hikes to four rate hikes could cause a significant jump in yields across the curve.”

“The rise in yields, however, might be tempered by political noise on the protectionist trade policies of the present US administration,” he said.

“Locally, the BSP monetary policy meeting might also affect yield movements, especially if the said gathering echoes on a hawkish tone,” added Mr. Dumalagan.

Security Bank’s Ms. Dulay, for her part, expects yields to stay within range in the coming days, with some upward pressure ahead of the 10-year Treasury bond auction tomorrow.

UnionBank’s Mr. Asuncion sees investors staying on the sidelines ahead of the BSP and Fed policy meetings this week.

“Local bond traders will be watching the central bank meetings in the coming week for direction,” the bond trader said. — L.O. Pilar with Reuters

Crocs shoes lose EU patent in court blow

LUXEMBOURG — An EU court ruled on March 14 that the design of Crocs shoes cannot be patented in Europe in a blow to the US-based maker of the plastic clogs.

Luxembourg-based judges upheld a 2016 decision by the EU’s intellectual property office to cancel the patent because Crocs made the design public before registering it.

Crocs have sold 300 million pairs around the world, according to their manufacturers, attracting devotees because of their comfort and seeming indestructibility, but attracting mockery too for their chunky shape.

“The General Court confirms the cancellation of registration of Crocs’ design because it was made available to the public before its registration,” said the General Court of the European Union, the bloc’s second highest court.

It said Crocs were originally granted a patent in the EU in 2005, but a rival French shoe manufacturer, Gigi Diffusion appealed against the decision in 2013.

The EU patent office agreed, saying that Crocs’ design had already been made public in 2003 on its website and at a boat show in Fort Lauderdale, Florida, and therefore “lacked novelty.”

Under EU regulations any design which has been made public in the 12 months prior to a patent application cannot be given a patent. — AFP

ATISCO eyes 10,000-ha Marawi abaca plantation

DAVAO CITY — Agri-Tech Integrated Services Company (ATISCO), a subsidiary of Yazaki Torres Corp., is planning to develop 10,000 hectares (ha) of abaca farms in Marawi as part of the city’s rehabilitation.

“We are now conceptualizing the rehabilitation of Marawi by providing them livelihood through the rehabilitation of the abaca industry,” ATISCO Operations Manager Dante S. Delima told BusinessWorld in an interview on the sidelines of the Department of Agrarian Reform (DAR)-Mindanao Sustainable Agrarian and Agriculture Development (MinSAAD) Usapang Kalakalan held here on March 13.

MinSAAD is funded by the Japan International Cooperation Agency (JICA).

Mr. Delima, who was formerly an undersecretary of the Department of Agriculture (DA), said abaca farmers in Marawi can be tapped and given assistance for improving production methods.

DAR has started talks with the provincial agriculture office of Lanao del Sur for the establishment of an abaca nursery this year that will supply inputs for the planned abaca plantation.

“We were assured by the provincial agriculturist that they are willing to help,” he said.

The target is to start planting abaca by June next year. After two years, the projected annual income is P75,000 per hectare.

The Philippine Fiber Industry Development Authority (PhilFIDA) estimates that the country supplies 87% of the global requirement for abaca used in the production of cordage, furniture, handicrafts and novelty items.

About 176,549 ha. is planted to abaca, mostly in the Visayas and Mindanao, and 122,758 farmers in the sector.

Mr. Delima said abaca has been seeing a revival in global demand in recent years.

“Abaca fiber is no longer just used as cordage now because it is an important component of paper money, as an insulator, in capacitors, hospital gloves, tea bags and even in kevlar body armor for the military,” he said.

The ATISCO executive said there are several big processing plants with high demand for abaca, including Newtech Pulp, Inc. in Balo-i, Lanao del Norte, which imports an annual average of 414.54 metric tons of abaca fiber from Ecuador because of the lack of supply in the Philippines.

“The government should provide funding to PhilFIDA so it could rehabilitate the abaca industry because there are now more investors willing to plant abaca,” he added.

He said ATISCO, which is based in Calamba, Laguna, is willing to assist farmers who want to grow abaca as he cited the company’s experience in helping the Mangyan communities in Mindoro.

Aside from providing technical know-how, the company also consolidates the abaca products of the farmers for transport to processors, assuring them of a market.

The company has also established the Abaca Development Fund, which receives P1 for every kilo of abaca sold.

DA Secretary Emmanuel F. Piñol has expressed support to the revival of the abaca industry, providing an initial P100 million for the establishment of an abaca industry in Sogod, Southern Leyte. He also committed to give P50 million for the establishment of a nursery and research center for abaca in Kidapawan City. — Carmencita A. Carillo

New line of Fox Flux helmets launched

TO KEEP up with the steadily growing demand of bike riders to have quality gear to make for seamless and safe rides, Fox Racing continues innovate on its products and recently introduced in the country its latest line of helmets — the Flux 2.0.

An upgraded version of its iconic Flux helmet, which was released over a decade ago and has gone on to be recognized as the original Mountain Bike Trail helmet, the 2.0 keeps the spirit of its predecessor with some of its key features enhanced to maximize its performance and provide more game for the riders.

Flux’s updated features include: a 300 degree retention system which provides for nearly a full wrap around the head for a premium level of fit and comfort; a Varizorb multi-density EPS liner which helps with linear impacts by spreading the force of the blow across a wider surface area; an internal cage built into the EPS liner which provides additional strength to the overall structure of the helmet; and an adjustable visor for easy on-bike adjustment for an individualized setting.

An MIPS or Multi-directional Impact Protection System version is also available for additional performance and comfort features.

Fox Racing officials said the new line of Flux helmets were designed and developed over a two-year period and had been through rigorous testing on trails all over the world.

One of those who came away impressed with the new line of Flux helmets is veteran rider and Cross Country and Epic Ride biker and race organizer Eboy Roselada.

“The outdoors can be unpredictable, so we need gear that will help no matter what the condition is. Flux is an all-around helmet in the market today that has the flexibility to handle different types of ride discipline and terrain,” said Mr. Roselada at the official launch of the Flux 2.0 Helmet last week at the R.O.X. store at the Bonifacio High Street in Taguig City.

“Fox has been a proven brand. Most companies don’t spend much on research to achieve innovation and technological advancement, but Fox does. And they do so with also comfort and style in mind,” he added.

The Fox Flux 2.0 and Flux MIPS helmets are available for P5,990 and P8,990, respectively, at all Fox and R.O.X. stores nationwide. — Michael Angelo S. Murillo

Maynilad continues to expand pipe network

MAYNILAD WATER Services, Inc. said it installed 38 kilometers of new water pipes in 2017, resulting in an expansion of its distribution line to 7,675 kilometers.

“We will continue to expand our pipe network so that more people can have access to surface water, including those in the south which still rely on groundwater for their daily supply needs,” said Ramoncito S. Fernandez, Maynilad president and chief executive officer, said in a statement during the weekend.

Metro Manila’s west zone water concessionaire said its distribution line is now 68% longer than the network in 2007 when the company was re-privatized.

Of Maynilad’s P9-billion capital expenditure budget for this year, about P1.1 billion has been set aside for its expansion into still-unserved or under-served areas.

“This involves the laying of primary, secondary and tertiary lines in Caloocan, Valenzuela, Quezon City, Manila, Parañaque, Las Piñas, and Bacoor, Imus, and Kawit in Cavite,” it said.

“The Maynilad water distribution system is the longest ISO-certified facility of its kind in the Philippines. It stretches from North Caloocan to Cavite Province and delivers over 2,550 million liters of potable water every day to the company’s over 9 million customers,” it added.

Maynilad serves certain portions of the cities of Manila, Quezon and Makati. It also covers Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon in Metro Manila.

Outside the Philippine capital, it serves the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario, all in Cavite province.

Metro Pacific Investments Corp., which has majority stake in Maynilad, is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has interest in BusinessWorld through the Philippine Star Group, which it controls. — Victor V. Saulon

Indonesian banks likely to see ‘more than 12%’ loan growth

LONDON — Indonesian banks will see “more than 12%” loan growth in 2018 thanks to a recovering global economy and a pickup in commodity prices, the country’s financial regulator said.

Wimboh Santoso, head of Indonesia’s Financial Services Authority or Otoritas Jasa Keuangan (OJK), said he was confident the sluggish bank lending that has hobbled Southeast Asia’s biggest economy was coming to an end.

Loan growth in Indonesia has fallen below 10% since the start of 2016, compared with more than 20% during the commodity boom years before that.

Bank loan penetration in Indonesia, where only one in three adults have bank accounts, was around 34% of gross domestic product in 2015, among the lowest of Asia Pacific countries according to the International Monetary Fund.

As a result, the country’s financial technology firms, which offer loans of as little as a few hundred dollars, have seen a spike in lending, leading to the emergence of peer-to-peer (P2P) lending platforms.

Santoso said new rules to regulate the financial technology sector would be “coming very soon,” where companies will have to clearly designate who is responsible to the customers.

“Under the incoming customer protection laws, we will ask (fintech companies) for accountability and price transparency,” he told Reuters in an interview on Friday.

Reuters reported on Tuesday that OJK was considering setting a cap on interest rates and the size of loans offered by fintech firms, in a move aimed at minimizing the risk of defaults.

More than 300,000 people have borrowed from these firms, with total loan distribution reaching 3 trillion rupiah ($218 million) as of January, versus 247 billion in December 2016, according to data from OJK.

There are 36 registered fintech firms operating in Indonesia, and 42 others are in the process of being approved, according to OJK.

“If the number of companies becomes huge, we are thinking we will have a self regulatory organization,” Santoso said, adding that he was discussing the issue with counterparts across Asia.

He was in London to promote foreign investment, which he described as crucial to solving Indonesia’s massive funding shortfall and as a way to encourage consolidation among the country’s more than 100 banks.

“A lot of foreign banks are interested in coming to Indonesia,” Santoso said. “The more are interested to come, the more opportunities investors bring in. We will let them come, but only if they stay permanently in Indonesia.”

He said he was still considering a deal that would see Japan’s Mitsubishi UFJ Financial Group take control of PT Bank Danamon Indonesia, the country’s fifth-largest bank.

“If successful, the transaction may mark the biggest acquisition of an Indonesian firm on record and would be a rare major deal by an overseas lender in Indonesia’s banking sector after caps on foreign ownership were introduced in 2012. — Reuters

How do major asian economies compare in terms of happiness?

How PSEi member stocks performed — March 16, 2018

Here’s a quick glance at how PSEi stocks fared on Friday, March 16, 2018.

Duterte to urge other countries to leave ICC

By Arjay L. Balinbin

President Rodrigo R. Duterte on Sunday, March 18, said he will urge other member countries to withdraw from the Rome Statute establishing the International Criminal Court (ICC).

“I will convince everybody now under the treaty, get out. Bastos ’yan…(They are disrespectful),” Mr. Duterte said, addressing this year’s graduates of the Philippine Military Academy at Fort General Gregorio Del Pilar in Baguio City.

“The treaty, if you read it, it’s all bull….It is not a document that was prepared by anybody. It’s an EU-sponsored [document]. These people went to Africa to kill the Arabs there; and here in the Philippines, the massacre in Marawi. It is really an atonement for their sins,” he added.

Mr. Duterte had also signed, in time for the graduation ceremony, a pardon for cadets who committed “wrongdoings,” as this was announced there.

The President issued a statement last Wednesday, March 14, saying he was having the country withdraw from the Rome Statute, as subsequently formalized in a notice to the United Nations secretary-general.

ICC Prosecutor Fatou B. Bensouda announced on Feb. 8 a preliminary examination into the killings in the Philippines spawned by Mr. Duterte’s drug war.

Mr. Duterte’s spokesman, Herminio Harry L. Roque, Jr., also criticized the ICC last week, saying the President’s decision to withdraw the Philippines from the ICC is “the beginning of the end” for this court because of “an avalanche of other countries” also wanting to withdraw.

“Avalanche talaga? Ok ka lang Mr. Roque? Naka-Fentanyl ka na rin?” Senator Leila M. de Lima said in a statement. (Avalanche, really? Are you okay, Mr. Roque? Are you on Fentanyl too?)

“So far, the only nation that has successfully left the ICC is Burundi,” the detained opposition lawmaker added.

In its website, the ICC said it has a total of “123 member countries, 33 of them are African States, 19 are Asia-Pacific states, 18 are from Eastern Europe, 28 are from Latin American and Caribbean States, and 25 are from Western European and other States.”

“Gambia’s former President Yahya Jammeh withdrew his country from the ICC last October 2016, but his successor President Adama Barrow immediately restored Gambia’s membership in the ICC in February 2017 after his predecessor’s election defeat, thereby ending two decades of repressive rule. South Africa tried to leave under President Jacob Zuma, again unsuccessfully, after its High Court declared that the executive act was unconstitutional without parliamentary approval. Zuma has been removed from office since then and has been charged with corruption just yesterday,” Ms. De Lima explained.

“What is clear is that the heads of state who tried to withdraw from the ICC are those who fear prosecution and trial at the ICC for widespread human rights violations during their reign,” she said further.

As for Burundi, the ICC said its withdrawal took effect on Oct. 27 last year. “The preliminary examination of the situation in Burundi was announced on 25 April 2016. At the time more than 430 persons had reportedly been killed, at least 3,400 people arrested and over 230,000 Burundians forced to seek refuge in neighboring countries,” ICC also noted.

“[T]he Philippines is now Asia’s own Burundi, after the Duterte government announced its withdrawal from the ICC,” Ms. De Lima said.

As for the avalanche of countries leaving the ICC, Ms. De Lima said: “It is precisely the opposite. Countries will be staying put in the ICC because they don’t want to be identified with the Philippine government under Duterte which is now the number one human rights violator in the world.”

Fire hits Manila Pavilion

FIRE of unknown origin broke out midmorning Sunday at the Waterfront Manila Pavilion Hotel & Casino in the tourist belt in Ermita district, with initial reports putting the death toll at four people, and over a dozen others reportedly trapped.

The four fatalities did not make it alive at the nearby Manila Doctor’s Hospital, city authorities said. Rescue units were trying to save some 20 hotel guests believed trapped inside the hotel.

Meanwhile, the Manila City Disaster Risk Reduction and Management Council said six other people were injured in the fire and at least 20 hotel guests remained trapped.

Fire broke out at the hotel at 9:52 a.m., with the fire’s alarm raised to Task Force Bravo.

In scenes that revived anxiety over the safety of casinos — over three dozen people were dead, trapped in the Resorts World hotel casino fire last year started by a gambling addict who went amok — the Waterfront Pavilion’s casino area was ablaze; so were the areas from the mezzanine to the third floor.

The chief of the Manila Disaster Risk Reduction and Management Office, Johnny Yu, said their effort was focused on preventing flames from affecting the upper floors.

Authorities closed off the perimeter of the 22-storey hotel at the corner of United Nations Avenue and Maria Orosa Street in Ermita district.

EYEWITNESS
In a Facebook post, Francis Raymund Magallnez Gonzales gave an eyewitness account of the fire. He and some friends had gone to Luneta park near the hotel from Friday night until the break of dawn Saturday for their usual sessions of playing quiz games. He and another friend decided to stay longer in the area, and about 10:00 a.m., “we saw something peculiar and strange at a distance. A cloud of caramel-colored smoke is billowing from the area of the Manila Pavilion Hotel.”

His friend, AJ Saenz, initially exclaimed, “Sunog [Fire!],” and they watched the smoke rise. They “mistakenly thought that an LPG tank has just exploded just at the sidewalk near the hotel.” However, as the smoke kept billowing, they decided to approach the fire scene. It was 10:20 a.m. Soon, said Mr. Gonzales, firetrucks started arriving, together with ambulances and police cars.

“The Maria Orosa facade is spewing smoke. We also saw smoke at the far rear side. AJ found a young man (with) a wet towel hanging on his shoulders and his left big toe is bleeding. My friend took his first aid kit and I assisted him in cleaning and dressing the wound. Without asking his name, we found out that he works in the hotel and has just evacuated together with a colleague,” recounted Mr. Gonzalez.

They then saw a “white helicopter around 12:00 noon to help those trapped at the top of the building. But at around 12:30 p.m., we saw the smoke at the distance thickening, and firetrucks are pouring into the area nonstop. I rose up to check again the place and saw the Maria Orosa street in front of the hotel all in blinding smoke.”

Then, more firetrucks, police cars and people. “I looked for an alternative route to get closer to the hotel, going to Taft Avenue and right towards UN Avenue. I realized that the half of UN Avenue is in eye-stinging toxic smoke. I went out of the area and as I [walked] away, a loud explosion” was heard at exactly 12:43 p.m.

The hotel was still on fire as of Sunday afternoon. An initial statement by the hotel management read: “A fire broke out at Manila Pavilion Hotel around 9 this morning, March 18, 2018.”

“The hotel management has taken steps to ensure the safety and security of our hotel guests and employees. We will issue a full report once a thorough investigation has been completed,” the statement also read. — News5-InterAksyon

Pimentel wants singular college entrance exam

By Camille A. Aguinaldo

SENATE President Aquilino L. Pimentel III on Sunday called for a standardized college admission test for K-12 graduates that would be acceptable to all colleges and universities in order to eliminate the “prohibitive rates” being charged in college entrance exams.

“At present, all students at the grade 6, 10 and 12 levels are given the National Achievement Test. If this is considered insufficient to provide Philippine college admission offices with a means by which to assess applicants, then I encourage our educators to work together to come up with something akin to the United States’ SAT and ACT so that parents need not spend for so many entrance exams,” the Senate leader said in a statement.

Mr. Pimentel said he has received complaints from parents about “prohibitive rates” being charged by colleges and universities on college entrance exams.

He told Philippine educators to coordinate with the Department of Education (DepEd) to come up with the single college admission test so schools would no longer administer their own entrance exams.

“It is understandable for these kids to want to have options when it comes to college, and naturally their parents want to give them the opportunities,” he said.

“But if applying at one school requires a P500 fee, then applying (in) four, five schools can be quite expensive,” he added.

Mr. Pimentel also appealed to college and university officials to consider lowering their entrance examination rates.

For his part, Senator Juan Edgardo F. Angara urged the government to ensure that poor students be given subsidy to cover other school expenses as mandated in Republic Act No. 10931 or the Free Higher Education Act.

“Aside from the free tuition fee and miscellaneous fees, there is an additional financial assistance for the poor to cover expenses for books, transportation, dorm and others,” he said in a statement.

The Commission on Higher Education (CHEd) last Mar. 14 released the implementing rules and regulations (IRR) on the free higher education law.

Mr. Angara said the law created a “tertiary education subsidy” that would provide financial support for poor students in private colleges and university.

Under Section 7 of the law, the subsidy prioritizes students included in Listahanan, the database of the poor in the country by the Department of Social Welfare and Development (DSWD).

Holy Week holiday: 10% traffic surge anticipated in tollways, 8% at airports

SAN MIGUEL Corp. (SMC) said its tollways unit will mobilize all operations staff, additional toll collectors, ambulant tellers and traffic management personnel during the Catholic Holy Week holidays to cope with an expected 10% surge in traffic.

March 29 and 30 are declared national holidays leading up to Easter Sunday.

SMC said in a statement that temporary toll collection booths will be installed to speed up transaction time at the toll plazas and all road works will be suspended.

Enhanced traffic management measures will also be implemented and motorist assistance stations in strategic locations will also be set up to help motorists.

Assistance stations will also be set up in the following areas: TPLEx – Petron KM 134 Northbound and Southbound and at the TPLEx Toll Operations Compound Northbound; Skyway – C5 and Merville Southbound, Sucat Lay-by Northbound; SLEx – Biñan Lay-by Southbound and SLEx Operations Control Center Northbound; and STAR – Petron Malvar Southbound and Malainin Lay-by KM 92 Southbound, Petron Lipa Northbound and Lapu-Lapu Lay-by KM 90 Northbound.

HEAVY VOLUME
SMC added that heavy volume is expected in the following areas:

TPLEx Northbound: March 28, 29, 31: Tarlac Central Toll Plaza, Urdaneta Toll Plaza, Urdaneta-MacArthur T-intersection, Binalonan Toll Plaza, and Pozorrubio Toll Plaza;

TPLEx Southbound: April 1-2: Tarlac Central Toll Plaza, Urdaneta Toll Plaza, Urdaneta-MacArthur T-intersection, Binalonan Toll Plaza, and Pozorrubio Toll Plaza;

Skyway Southbound: March 28, 29, 31: C5- Alabang At-Grade

Skyway Northbound: April 1-2: Alabang Viaduct to Skyway Toll Plaza B and Runway Toll Plaza;

NAIAX Westbound: March 28, 29: NAIAX Main Toll Plaza B

NAIAX Eastbound: April 1-2: NAIAX Main Toll Plaza A;

SLEx Southbound: March 28, 29, 31: Calamba Toll Plaza, Carmona, Mamplasan Sta. Rosa, Eton-ABI Exits and Ayala Toll Plaza

SLEx Northbound: April 1-2: Calamba Toll Plaza, Exits in Carmona, Filinvest, Alabang Viaduct and Ayala Toll Plaza;

STAR Tollway Southbound: March 28, 29 and 31: Sto. Tomas Toll Plaza, Lipa Toll Plaza, Ibaan, Balagtas Toll Plaza Exit, and the Batangas Roundabout; and

STAR Tollway Northbound: April 1-2: Toll Plazas in Sto. Tomas, Balagtas, and Lipa.

AIRPORTS
Meanwhile, the Civil Aviation Authority of the Philippines (CAAP) has started its implementation of Oplan Semana Santa 2018 this week in anticipation of passenger increase as Filipinos fly home to their provinces for the approaching Catholic Holy Week. CAAP is expecting an 8% increase in passenger influx during this period. Under Oplan Semana Santa, added security measures are in place and all area managers handling the 37 CAAP-managed airports nationwide have been directed to observe maximum deployment of service and security personnel. Help desks will also be set-up to accommodate passenger concerns. — Patrizia Paola C. Marcelo