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Pinoy entrepreneurs create online marketplace for travel activities

By Zsarlene B. Chua,
Reporter

THE ENTREPRENEURS behind an app focused on offering travel activities in the Philippines are hoping to expand in six other countries in the next two years.

“[Bliimo] is an app developed in the Philippines meant to provide a seamless flow of adventures and experiences for customers and seamless flow of business for merchants,” Ronn Mitchell Esguerra, founder and CEO of Bliimo, told the media during its launch on Jan. 27 in Subic, Zambales.

“The initial idea [was to create and app] to book tour guides and we realized it was complicated, so we thought why not go a little more upward. So we came up with the idea of what people need — itinerary planning,” he explained.

Bliimo is envisioned as a marketplace selling travel activities such as renting a boat for island-hopping, booking a massage, and getting a helicopter ride from Mactan to Bohol.

According to its Web site, Bliimo aims to “reduce the hassle of planning trips by not only providing you with a fully integrated platform to book your adventures but also by letting you unbundle your itinerary and customize it the way you want it.”

It currently offers 186 travel activities, but its creators expect the number to go up to around 400 within the month.

The name Bliimo — according to James Leonard Cruz, cofounder and chief revenue officer — refers to an expression his friends say whenever they attempt and/or succeed in something awesome.

Mr. Esguerra said Bliimo also hopes to give small businesses a chance to compete, as many boat men or small diving shop owners typically don’t have budgets for marketing and promotion.

This, he explained, is also the reason why the company charges low commission rates and currently has no sign-up fees, though merchants must undergo a multi-step verification system.

“We only get 10% and even as low as 4% as the price increases. We also don’t meddle in the pricing of the activities,” said Mr. Cruz.

Experience-focused apps appear to be the future of travel as Hong Kong-based travel experience app Klook managed to raise a total of $96 million which the company means to use to fund its global expansion efforts to the US and Europe.

Klook recorded five million bookings in 2016. In 2017, it averaged one million bookings per month, 70% of which were made using mobile devices, according to a TechCrunch article published on Oct. 25, 2017.

Bliimo is said to offer a more flexible itinerary feature, a technology the founders developed with P10 million, which was privately funded.

“With us, it’s a simple drag and drop and you can customize your itinerary (and the number of people joining) by the hour,” Mr. Esguerra said.

“Our main market are millennials. These people are always on the go, always busy and that’s what we’re trying to solve,” said Mr. Cruz.

Aside from simple itinerary planning, Bliimo also functions as a social media app where users, once they book their passes, can tag their friends on the app and send them their passes.

The app does not have a recommendations feature, instead replacing it with a feature that shows people who have tried the activity.

“What we have are people you may know that have already tried these experiences. So the credibility of the merchant can be increased by virtue of human connection,” Mr. Esguerra told BusinessWorld, adding that reviews for experiences will also be from people who have been verified to have booked and gone on the activity.

In the spirit of flexibility, payment methods are varied: from online banking to Bayad Centers to PayPal. Payments also undergo a three-day holding period before being turned over to the merchants in case of disputes.

“As long as it accepts money, we’re there. If you look in the app, we even accept payment in Bitcoins,” said Jesus Paolo Montero, Bliimo cofounder and chief technology officer.

Mr. Esguerra said while the company is not limiting itself to the Philippines, they plan on getting more merchants and experiences within the country before expanding into other markets in two years.

IMI’s P5-B stock rights offer gets PSE approval

AYALA-LED Integrated Micro-Electronics, Inc. (IMI) has bagged the Philippine Stock Exchange (PSE)’s nod to proceed with its P5-billion stock rights offer (SRO). 

In a disclosure to the stock exchange on Wednesday, the listed electronics manufacturer said the bourse has approved the issuance last Jan. 24.

IMI looks to offer up to 350 million common shares to eligible shareholders from Feb. 19 to 23.

One rights share will be made available for holders of at least 5.3351 common shares in the firm, as of Feb. 14. The offer price is set to be disclosed on Feb. 7.

IMI’s parent, AC Industrial Technology Holdings, Inc., together with Resins, Inc., owning an aggregate of 63.46% of the company, will exercise their right  to the participate in the offer should there be unsubscribed rights shares left after the mandatory second round of the SRO. 

Proceeds of the SRO will be used to finance the company’s capital expenditures and to refinance its debts. 

The company has engaged BPI Capital Corp. to serve as the issue’s manager, book runner, and underwriter.

Incorporated in 1980, IMI is the electronics manufacturing arm of Ayala Corp. Its main products and services include design and engineering solutions, supply chain solutions, manufacturing solutions, business model capabilities and solutions, power semiconductor assembly and testing, and global materials and supply chain management. 

The conglomerate has been ramping up its manufacturing portfolio since AC Industrials was formed in 2016. Ayala President and Chief Operating Officer Fernando Zobel de Ayala previously said that its venture into the automotive and manufacturing sector would help sustain profitability, as well as allow the company to maximize synergies with existing businesses.

For its part, IMI has been expanding its business through acquisitions since 2016, where it struck a deal to acquire a 76% stake in German firm VIA Optronics Gmbh for €47.4 million. VIA specializes in optical bonding that aims to enhance the visibility and performance of display systems.

IMI in 2017 purchased an 80% stake in United Kingdom-based electronics manufacturer STI Enterprises Ltd. through its subsidiary, IMI UK Ltd. STI provides electronics design and manufacturing solutions in both printed circuit board assembly and full box-build manufacturing for high-reliability industries. It has manufacturing facilities in Hook and Poynton in the UK, as well as in Cebu.

IMI realized a 15% increase to $24.09 million in its net income attributable to the parent for the first nine months of 2017, following a 29% growth in revenues during the same period to $795.2 million.

Shares in IMI were flat at P19.20 apiece at the PSE on Wednesday. — Arra B. Francia

Peso strengthens as Trump remarks hit dollar

THE PESO regained strength against the dollar on Wednesday, following the three-day decline, as President Donald J. Trump’s protectionist remarks in his first State of the Union address weighed on the greenback.

The local currency finished at P51.295 against the dollar yesterday, rising by 12.5 centavos from its P51.42 close on Tuesday.

The peso opened the session slightly weaker at P51.43 versus the dollar, while its intraday trough was seen at P51.45. Its best showing for the day was at P51.25 to the greenback.

Dollars traded increased to $943.05 million on Wednesday from the $926.45 million that changed hands in the previous session.

“The peso rebounded [yesterday] amid protectionist cues from Trump’s State of the Union address which has caused the dollar to lose its strength within the day despite a stronger open,” a trader said in an e-mail on Wednesday.

In his speech, Mr. Trump said the “era of economic surrender is totally over,” as he vowed to fix “bad trade deals,” although he did not specify any agreements.

“From now on, we expect trading relationships to be fair and, very importantly, reciprocal. We will work to fix bad trade deals and negotiate new ones,” Mr. Trump said.

He added that the country’s trade rules will be strongly enforced to protect the American workers and American intellectual property.

As anticipated, Mr. Trump boasted of the recently passed tax cuts, which he claimed to be the biggest in American history.

“Our massive tax cuts provide tremendous relief for the middle class and small business,” he said.

Mr. Trump also noted that the reform also slashed corporate taxes to 21% from 35% “so American companies can compete and win against anyone else anywhere in the world.”

Meanwhile, Ruben Carlo O. Asuncion, chief economist of UnionBank of the Philippines, said market players “expected more” from Mr. Trump’s address.

“It was though of lacking specifics like the previous address. Plus, a lot of his hits have been misses so far,” Mr. Asuncion said in a mobile phone message, adding that the “correction seems to have arrived.”

Another trader shared the same sentiment: “[The peso] just [followed] the move of the dollar where we’re seeing a bit of a correction, which was bound to happen.”

For today, Mr. Asuncion said the peso might move between P51.20 and P51.50, while the first trader gave a slightly wider range of P51.10 to P51.50.

“[Today], I guess the markets will want to wait and see what the sentiments will be after the FOMC (Federal Open Market Committee) meeting,” the second trader said.

“The peso is expected to weaken as investors might take advantage of the weaker dollar ahead of a likely hawkish tone from the US Federal Reserve meeting,” the first trader added.

Asian currencies posted modest gains on Wednesday as caution ahead of the Federal Reserve decision due later capped strength in regional units against the dollar after Mr. Trump’s speech. — Karl Angelo N. Vidal with Reuters

Ombudsman defies suspension order on deputy

THE OMBUDSMAN in a statement on Wednesday said she “will not allow herself to betray her sworn duty to uphold the Constitution by recognizing what is patently unconstitutional,” and therefore will defy Malacañang’s suspension order on Overall Deputy Ombudsman Melchor Arthur H. Carandang.

“It has become clear that the act of the Office of the President in taking cognizance of the complaints against the Overall Deputy Ombudsman and ordering his preventive suspension was not an inadvertent error but a clear affront to the Supreme Court and an impairment of the constitutionally enshrined independence of the Office of the Ombudsman,” Ombudsman Conchita Carpio-Morales said in her statement.

The Palace issued a 90-day preventive suspension against Mr. Carandang for alleged “grave misconduct and grave dishonesty” by the “misuse of confidential information and disclosing false information” regarding President Rodrigo R. Duterte’s assets. according to Presidential Spokesperson Herminio Harry L. Roque, Jr.

“In a society founded on the rule of law, the arbitrary disregard of a clearly worded jurisprudence coupled with a confident stance that it will be changed should never be countenanced,” Ms. Morales said.

Mr. Roque had said Mr. Carandang is compelled to submit “his answer on the ‘Resolution and Order’” within 10 days.

“After the lapse of the period provided, the Office of the President shall decide on the matter,” he added.

In an interview with ANC, Chief Presidential Legal Counsel Salvador S. Panelo said the “order of preventive suspension…is presumed to be valid and legal” until a “competent court” declares otherwise.

“It behooves therefore the public official authorized to implement the order to enforce the same against respondent Carandang. Any willful refusal to do so or any deliberate act impeding such enforcement may open the said official to administrative and criminal sanctions,” Mr. Panelo said.

Asked if the Ombudsman’s refusal to heed the President’s order is an impeachable act, Mr. Panelo said: “It depends. If it is malicious and deliberate, it can be considered a betrayal of the public trust. Otherwise, it may not be.” — Minde Nyl R. dela Cruz

Democracy ‘adversely affected’ under Duterte — global report

THE QUALITY of democracy in the Philippines has been “adversely affected” on the watch of President Rodrigo R. Duterte, with the country ranking 51st in a 2017 global democracy index on 165 states by an affiliate of The Economist.

The report released by the The Economist Intelligence Unit (The EIU), the research and analysis division of The Economist Group, also continued to classify the Philippines as a “flawed democracy,” alongside the United States, Japan, and Philippine neighbors Singapore, Malaysia, and Indonesia.

The other three regime types in the report are “full democracy” (e.g. the United Kingdom, Germany, and topnotcher Norway) “hybrid regime” (e.g. Thailand, Iraq, Pakistan) and “authoritarian regime” (e.g. China, Myanmar, Vietnam).

The Philippines’ current place is a notch down from its 2016 ranking. The country ranked eighth in its region, where the report also noted “declines” in the state of democracy.

“Australia and New Zealand remained the only two “full democracies” in the region as a whole. Asia’s two largest emerging democracies, India and Indonesia, suffered significant declines in their scores and fell down the rankings in our latest assessment,” the report said.

It further noted: “Asian democracies had a tumultuous year. A region that had made rapid progress up the rankings in recent years experienced the biggest decline of all regions between 2016 and our latest assessment for 2017.”

“Governments and powerful political and business interests in many Asian countries use defamation laws and related criminal provisions to punish criticism in the media, clamping down on critical commentary on social media.”

In terms of press freedom, the Philippines had a score of 7 on a scale of 0 to 10 and its media freedom status was ranked as “partly free.”

The Philippines also scored 9.17 in electoral process and pluralism, 5.71 in functioning of government, 7.22 in political participation, 4.38 in political culture, and 7.06 in civil liberties.

On the other hand, the Philippines placed 8th in the regional ranking (Asia & Australasia), one point up from its 2016 ranking.

In its country assessment of the Philippines, the report said “the indefinite declaration of martial law in the southern state of Mindanao in the Philippines, and the rule of (the) country’s strongman leader, Rodrigo Duterte, adversely affected the quality of democracy in the Philippines. Mr. Duterte has led the way among the many Asian countries that are infringing (on) democratic values.”

The report also noted that in countries such as Bangladesh, Pakistan and the Philippines, “journalists face physical and death threats on a regular basis.”

Mr. Duterte himself “has castigated journalists and even issued death threats. The country has a history of repression of the media and violence against journalists. Mr. Duterte has managed to make an already bad situation even worse for the media in the Philippines,” the report said.

Sought for comment, Presidential Spokesperson Herminio Harry L. Roque, Jr. said: “One notch lower is nothing.”

Globally, the average score in the 2017 index “fell from 5.52 in 2016 to 5.48 (on a scale of 0 to 10).”

The report highlighted as well that “not a single region recorded an improvement in its average score compared with 2016.” — Arjay L. Balinbin

Duque’s confirmation as DoH chief deferred

By Camille A. Aguinaldo

THE COMMISSION on Appointments (CA) on Wednesday deferred its voting on the appointment of Francisco T. Duque III as Health secretary, amid questions on the alleged “mafia-like operations” at the Department of Health (DoH) and the continuing controversy over the dengue vaccine Dengvaxia.

Senator Gregorio B. Honasan II, chair of the CA committee on health, told reporters that the issues raised during Mr. Duque’s confirmation hearing has to be processed and studied by the committee members.

“The Department of Health and the secretary have tremendous manpower and other resources at (their) discretion and… disposal. This is a big responsibility so the committee thinks that deliberations should be careful,” he said.

Mr. Duque said he respects the committee members should they need more time on deciding on his appointment. “I cannot second guess the CA,” he said.

Members of the CA quizzed Mr. Duque regarding the controversies hounding the agency. On an alleged mafia operating at the DoH, Mr. Duque and Carolina Vidal-Taiño, Health undersecretary for administration, finance and procurements, disputed allegations that some Health officials gained P500 million from the procurement of the Dengvaxia vaccines.

“We categorically say that there’s no mafia in the Department of Health nor any conversion of the P550 million,” she said.

Ms. Taiño explained that the remaining P556-million budget in question is with the Philippine Children’s Medical Center (PCMC) as verified by the Commission on Audit (CoA).

Meanwhile, A TEACHER Party-list Representative Julieta R. Cortuna asked Mr. Duque about the measures the DoH has undertaken to address the concerns of parents regarding the suspended anti-dengue immunization program.

Mr. Duque told the CA he has ordered DoH regional directors to enhance surveillance and monitoring of vaccinated children, to establish a clear referral system for dengue patients as well as to reinforce the information campaign for parents whose children were vaccinated with Dengvaxia.

He added that DoH has asked Dengvaxia manufacturer Sanofi Pasteur to set up a trust fund or an indemnification fund for patients whose illness was caused by the vaccine. He has also instructed the Philippine Health Insurance Corp. (PhilHealth) to reimburse the hospital costs of Dengvaxia-vaccinated patients.

Also at the hearing, Senator Vicente C. Sotto III questioned the investigation of the Public Attorney’s Office (PAO) regarding the dengue-related deaths among vaccinated children, saying that the agency lacked the authority and expertise to conduct its probe.

“Who is investigating? Do we have a government-authorized forensic expert already? I don’t know how come the PAO is investigating scientific, medical issues….I read an article that there is no such thing as forensic expert in PAO,” he said.

He then challenged Mr. Duque “to (put) his foot down” and to make the DoH lead the investigation.

Mr. Duque said there are two panels investigating the immunization program, a group of technical experts and experts from the University of the Philippines-Philippine General Hospital (UP-PGH).

He added that the DoH has requested PAO’s findings for assessment by UP-PGH.

Sought for comment, PAO chief Persida V. Rueda-Acosta said they were authorized by the Department of Justice (DoJ) to investigate the deaths of children vaccinated with Dengvaxia, citing the DoJ’s department order 792 dated Dec. 12, 2017.

The DoJ order asked PAO to extend its free legal assistance to possible victims of adverse complications after being inoculated with the Dengvaxia vaccine.

Ms. Acosta also maintained that the PAO has the capability to conduct a forensic investigation on the Dengvaxia case.

“We have (had) forensic experts since 2004 and many cases were saved because of the examination of PAO forensic experts,” she said in a phone interview with reporters, noting PAO’s efforts during the Kian delos Santos case.

She also questioned Mr. Sotto’s remarks that the DoH should lead the investigation. “The people are complaining about the DoH because they implemented the mass vaccination. Isn’t that a conflict of interest?” Ms. Acosta said.

She added that PAO is set to file a case next week on the matter based on the evidence gathered from their investigation.

Japan Tobacco wants gov’t to prioritize anti-smuggling fight

JAPAN TOBACCO International (JTI) Philippines, the new owners of Mighty Corp., said the authorities need to focus on plugging the revenue losses from cigarette smuggling, rather than raising taxes on such products.

JTI Philippines Managing Director Manos Koukourakis said “billions” in tax revenue is lost every year due to “rampant” cigarette smuggling.

He added that raising taxes further would be “disastrous for the legitimate tobacco industry.”

“Smugglers don’t pay taxes, put jobs at risk, play badly with smokers’ health and creates a bad image for our country to the investors community,” he said in a text message yesterday.

“Instead of raising taxes and going after the very legit companies like JTI Philippines… why don’t we better go after the smugglers,” he added.

Sought for comment, Finance Secretary Carlos G. Dominguez III said in a mobile phone message: “We always welcome information on tax evaders. The information provided will be acted upon immediately by the… anti-smuggling, anti-taxpayer teams. We expect results immediately,” referring to units of the Bureau of Customs and Bureau of Internal Revenue.

Mr. Dominguez has said that the incidence of cigarette smuggling likely grew given the subsequent yearly increase in tobacco taxes under Republic Act No. 10351, or the Sin Tax Reform Law that was enacted in 2012.

This year, cigarettes face several rounds of tax increases under Republic Act 10963, or the Tax Reform for Acceleration and Inclusion law. Cigarettes are taxed P32.5 currently, rising gradually to P40 per pack in 2022.

The Department of Finance (DoF) has said that it will support Senator Emmanuel D. Pacquiao’s bill seeking to raise the tobacco excise tax to P60 per pack under a new round of tax measures to be submitted to Congress by mid-February.

“Another tax increase which inevitably will lead to further consumer price increases seriously risks turning this country like Malaysia’s where cigarette smuggling is almost 60% of total consumption,” said Mr. Koukourakis.

He added that the government makes about P800 million in taxes excluding excise and value-added taxes for every P1 billion a cigarette company makes.

“It will be good for the government, good for decent employment, far better for those adults who chose to smoke and not against the legitimate industry. So in the end, the biggest beneficiary of clamping down smuggling is the government per se,” he said.

JTI Philippines settled part of the P30 billion in liabilities owed by Mighty Corp. after it bought Mighty in September.

The DoF expects to collect about P150 billion in excise taxes from cigarettes this year. — Elijah Joseph C. Tubayan

Palace welcomes US statement on drug war

MALACAÑANG WELCOMED on Wednesday, Jan. 31, a US official’s expression of support by the Trump administration of President Rodrigo R. Duterte’s revived anti-illegal drug campaign.

“Our colleagues in the ASEAN (Association of Southeast Asian Nations), and China and Japan, have fully supported our efforts to contain the manufacture and proliferation of illegal drugs. These efforts are anchored on respect for human rights, cognizant of our obligation to protect our people’s right to life and to live in peace and security,” Presidential Spokesperson Herminio Harry L. Roque, Jr. said in a press statement.

Mr. Roque also stressed that the government does not endorse the alleged extrajudicial killings. “And we wish to reiterate that extrajudicial killings never had — and will never have — a place in the anti-illegal drug campaign.”

Last Tuesday, US Deputy Assistant Secretary for International Narcotics and Law Enforcement James Walsh said that President Donald J. Trump’s administration supports Mr. Duterte’s anti-illegal drug campaign.

“We are aware that the police are continuing the resumption of their operations. Many folks have been tracking the EJKs (extrajudicial killings) in the Philippines and the trends are going down,” Mr. Walsh said, adding: “I would describe the United States as being cautiously optimistic in the trends when it comes to a good, appropriate way for a drug campaign.”

In response to Mr. Walsh’s remarks, Mr. Roque said it is a sign of “a growing appreciation of the positive impact of the administration’s anti-illegal drug campaign.”

Mr. Roque added that “the significant strides of the Philippine Drug Enforcement Agency in the conduct of anti-drug operations have been noteworthy with dens and clandestine laboratories dismantled and drugs seized with fewer drug-related deaths.”

“We are confident that the relaunch of the Philippine National Police Operation Tokhang would have similar results. This early, there have been hundreds of surrenderees and no casualty on its first day.” — Arjay L. Balinbin

Jerwin Ancajas primed for bigger challenges

By Michael Angelo S. Murillo
Senior Reporter

THIS weekend Filipino world boxing champion Jerwin “Pretty Boy” Ancajas takes what has been a successful professional boxing career to another plane as he makes his United States debut, staking his International Boxing Federation junior bantamweight title.

His first fight under Top Rank Boxing, the Panabo City native Ancajas (28-1-1, 19 KOs) will face off with Mexican Israel Gonzalez (21-1) in the scheduled 12-rounder at the American Bank Center in Corpus Christi, Texas, in what is Mr. Ancajas’ fourth defense of the title he won in September of 2016.

Mr. Ancajas’s US debut is being viewed with much significance, particularly how well-deserved of an opportunity it is for a fighter like him, who is being considered as a “consummate” boxer.

“Jerwin Ancajas has the typical backstory of a boxer. But aside from the desire to have a good life through boxing, everyone seems to forget that he is a boxer who is willing to face anyone,” said local fight analyst Nissi Icasiano when asked by BusinessWorld for his thoughts on Mr. Ancajas’ journey as a fighter and his upcoming fight.

“In the culture of boxing today, most boxers in this era have become businessmen. What makes Jerwin Ancajas different is he is determined to find out up to what degree his potential and talent will bring him. He is willing to contend with whoever he is made to face,” he added.

The analyst went on to say that Mr. Ancajas’ first fight in the US should only bode well for him and enhance some more his standing as possibly the next biggest thing in Philippine boxing.

“Jerwin’s bout in the States gives him the opportunity to showcase his talent on a bigger platform with a wider audience. If he wins, a bigger opportunity awaits him on his next fight,” said Mr. Icasiano.

“He rightly deserves everything that is falling on his lap. In his title fight against McJoe Arroyo in 2016, he did not receive a standard pay grade for a world championship bout. He shrugged this off because he knew a bigger future beckons and which is now very evident. If his performance is outstanding in his debut on US soil, more avenues will open to him. I don’t see any difficulty in promoting Jerwin because he is the perfect combo. He is willing to take all comers, and he has an explosive style in the ring. He is the perfect formula for promoters and broadcasters,” the analyst added.

As for the fight itself against Mexican Gonzalez, Mr. Icasiano said he sees the Filipino champion posing problems for his opponent and, thus, giving him the edge.

“Jerwin Ancajas is a complicated lefty for Israel Gonzalez to handle. Jerwin steps up his game every time he steps in the ring. Most significant improvement that I see in Jerwin is his ability to take time to break and wear down his opponent before going for the finish. Even though I expect Jerwin to be successful, Israel Gonzalez is the perfect dance partner to prepare him if he and his team intend to join HBO’s second installment of ‘Superfly’ this year,” Mr. Icasiano said.

The Ancajas-Gonzalez title fight, the first of what is a three-fight deal the Filipino signed with Top Rank Boxing, will be broadcast live over ESPN5 on Sunday, Feb. 4, starting at 10 a.m.

DoJ files new raps vs Customs fixer Taguba, bizmen involved in P6.4-B shabu smuggling

THE DEPARTMENT of Justice has filed a second set of charges against those implicated in the P6.4-billion shabu smuggling from China that passed through the Green Lane of the Bureau of Customs. The DoJ filed with the Valenzuela Regional Trial Court charges of violation of section 5 of the Comprehensive Dangerous Drugs Law, on the transportation and delivery of dangerous drugs. — interaksyon.com

See full story on https://goo.gl/urwT43

Don’t call it a comeback — Pats to lead from front

MINNEAPOLIS — Tom Brady and the New England Patriots may have forged a reputation as the comeback kings of the NFL but the defending champions are determined to avoid another Houdini act in the Super Bowl.

The Patriots will aim to defend their title in Minneapolis on Sunday, a year after staging the greatest comeback in Super Bowl history, when they recovered from 28-3 down to defeat the Atlanta Falcons in overtime.

Brady and his teammates provided a timely reminder of their never-say-die approach in their AFC Championship victory over the Jacksonville Jaguars earlier this month, overturning deficits of 14-3 and 20-10 to win 24-20.

The decisive drive in the victory over the Jaguars was textbook Brady, marching upfield and threading a pinpoint pass to pick out Danny Amendola in the end zone.

It completed the 42nd fourth quarter comeback of Brady’s glittering career, and was the 40-year-old’s 53rd game-winning drive.

But Brady told reporters Tuesday he would prefer to lead from the front this weekend against the Philadelphia Eagles, rather than come from behind as they were forced to do against Atlanta last year.

“But I don’t think we want to have to overcome that again this year. That was tough to do. We would prefer to get a lead, play ahead, play on our terms.

“It’s something that we talk about every week.

“But I realize it’s a 60-minute game. And, however, it shakes out, ultimately you’ve got to figure out how to win in the fourth quarter.

“And if it comes down to that, we’ve got the confidence that we can go down the field and win the game.”

Brady’s sentiments were shared by Bill Belichick, who could claim a sixth Super Bowl ring as head coach of the Patriots this weekend.

Asked if he relished the pressure of having to overturn late, fourth-quarter deficits, Belichick replied: “No.

“Nobody wants to be behind 28-3 and nobody wants to be behind 14-3. Whatever the situation we’re in we will try to prepare for it the best way we can.

“But we don’t want to be behind by two or three touchdowns in any game that we play.”

Brady, who could also win a record sixth Super Bowl on Sunday, said regardless of how the game unfolded he expected to maintain his composure.

“I’m pretty calm all the time,” he said. “I have my moments but for the most part, I’ve been around football for a long time and I know this game. Focus and composure is pretty important for a quarterback.” — AFP

‘Info hubs’ to push PPP model out to local gov’t level

THE National Economic and Development Authority (NEDA) and the Public-Private Partnership (PPP) Center signed a memorandum of agreement (MoA) on Monday to establish information hubs to boost the development of PPP projects at the local level.

Socioeconomic Planning Secretary Ernesto M. Pernia and PPP Center Executive Director Ferdinand A. Pecson signed the MoA, which would set up “PPP Knowledge Corners” in NEDA’s 15 regional offices nationwide.

“The knowledge corners will serve as information hubs on PPPs, where local government units (LGUs), government implementing agencies and other stakeholders can get accurate and updated information and knowledge on PPPs including access to all PPP Center’s services to help them develop and implement bankable PPP projects,” NEDA said in a statement yesterday.

“This move will help step up the uptake of PPPs in the regions and provide the PPP Center a regional presence,” it added.

Mr. Pernia added that the hubs will also help the government push development out into the countryside.

The government shifted its focus away from the pure PPP model, citing delays in getting projects started.

To fast-track infrastructure development, the government turned to a hybrid PPP model, under which treasury funds or Official Development Assistance finance the early stages and construction of projects, leaving the private sector to bid for operations and maintenance contracts.

The PPP Center said in December that “there has to be more attention” to local-level infrastructure projects.

The Knowledge Corners will be set up in Cordillera Administrative Region, Ilocos Region, Cagayan Valley, Central Luzon, Calabarzon, Mimaropa, Bicol Region, Western Visayas, Central Visayas, Eastern Visayas, Zamboanga Peninsula, Northern Mindanao, Davao Region, Soccksargen, and Caraga region.

The administration seeks to spend P8.44 trillion until 2022, which would boost economic growth to 7-8% and reduce poverty to 13% by the end of its term. — Elijah Joseph C. Tubayan