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Your Weekend Guide (February 9, 2018)

Christian Bautista joins the ballet

BALLET MANILA’S Ballet & Ballads returns to close the ballet company’s current season with a mix of dance and song. The star-studded affair features Ballet Manila CEO and Artistic Director Lisa Macuja-Elizalde, heartthrob crooner Christian Bautista, the Klassikal Musical Foundation, and the ABS-CBN Philharmonic Orchestra. There will be performances on Feb. 10, 6 p.m., Feb. 11, 3 p.m., Feb. 17, 6 p.m., and Feb. 18, 3 p.m., at the Aliw Theater, CCP Complex, Pasay City. For tickets and schedules, visit TicketWorld (www.ticketworld.com.ph, 891-9999).

Himala returns onstage

AICELLE SANTOS stars as a young woman who is looked upon as a bucolic town’s savior in Himala: Isang Musikal. The show runs until March 4 at the PowerMac Center Spotlight, Circuit Lane, Circuit Makati, Makati City. The musical is based on the 1982 Ishmael Bernal film starring Nora Aunor. For tickets and schedules, visit TicketWorld (www.ticketworld.com.ph, 891-9999).

Leigh Nash, Stephen Speaks live

CATCH Leigh Nash of Sixpence None the Richer and Stephen Speaks perform at Eastwood Mall Open Park on Feb. 9, 6 p.m. They are best known for songs such as “Kiss Me,” “There She Goes,” “Need to Be Next to You,” “Out of My League,” “Passenger Seat,” among others. For more information, contact the Megaworld Lifestyle Malls Concierge at (709-9888) or (709-0888), (0917-838-0111) or visit (www.megaworldlifestylemalls.com).

Erotic start for Fringe 2018

THE FIRST show for Fringe 2018, Deux Sex Machina: Hard Art for Art’s Sake, features Metro Manila’s first (and only) comedic erotica live-reading ensemble. Eight new original pieces will be performed at the Yuchengco Museum, RCBC Plaza, Makati City on Feb. 9, 9 p.m. Tickets are at P300 and are available at TicketWorld (www.ticketworld.com.ph, 891-9999). For information, e-mail info@yuchengcomuseum.org.

PETA’s season ender ’Night, Mother

PETA closes its 50th theater season with Marsha Norman’s Pulitzer-prize winning drama, ’Night, Mother, featuring Eugene Domingo and Sherry Lara. On an otherwise normal evening, Jessie announces to her mother that she plans to kill herself before the night ends. The show runs until March 18 at the PETA Theater Center, No. 5 Eymard Drive, New Manila, Quezon City. For tickets and schedules, visit TicketWorld (www.ticketworld.com.ph, 891-9999).

Borlongan gives Artist Talk

MEER EMONG: Artist Talk at the MET will be held on Feb. 10, 2 p.m. Artist Elmer Borlongan will talk about his ongoing exhibit, Elmer Borlongan: An Extraordinary Eye for the Ordinary, sharing insights on the artworks on view, the exhibition themes, and his 25-year artistic practice. Registration starts at 1:30 p.m. Lecture fee is P150 and P120 (students, senior citizens, PWDs). The exhibit runs until March 28. The Metropolitan Museum of Manila is at the Bangko Sentral ng Pilipinas Complex, Roxas Blvd., Malate, Manila.

The Greatest Showman sing-along

MALLGOERS and fans can join in the sing-along version of the musical film The Greatest Showman in select SM Cinema theaters. The tale of American showman and founder of Barnum & Bailey Circus, the film stars Hugh Jackman, Zendaya, and Zac Efron. There will be sing-along screenings of the film at SM Aura on Feb. 9 and SM Southmall on Feb. 10. A display of the film’s costumes is on view until Feb. 14 at SM Aura and SM North EDSA. Tickets can be booked through www.smcinema.com or get the SM Cinema app through the App Store and Google Play.

RHI narrows net loss in Q1

ROXAS HOLDINGS, Inc. (RHI) narrowed its net loss by 2% during the first quarter of crop year 2018, as revenues surged on higher volume of sugar sold.

In a statement, RHI said it posted a net loss of P110 million during the three-month period ending December, lower than the P112 million posted a year ago.

The integrated sugar and ethanol producer’s fiscal year begins on Oct. 1.

Consolidated revenues rose 39% to P2.07 billion during the first quarter, from P1.49 billion a year ago, boosted by higher sales of sugar.

For the quarter, RHI sold 786,173 kilogram bags (LKg) of raw sugar, 189% higher than the 272,374 LKg recorded a year ago. Volume of refined sugar went up 23% to 431,014 LKg. One LKg is equal to one 50-kilogram bag of sugar.

RHI Chairman Pedro E. Roxas in a statement said the first quarter is usually a slow period, but revenues from sugar operations doubled to P1.8 billion during the first quarter from P904 million a year ago due to sales of inventory from the previous crop year.

RHI President and CEO Hubert D. Tubio said the company’s gross profit increased 35% to P144 million due to higher revenues and improved efficiencies.

“We are seeing improvements in efficiencies, which resulted to higher production volumes at improved levels of production cost,” he was quoted as saying in a statement.

RHI Executive Vice-President and Chief Financial Officer Celso T. Dimarucut said the company’s earnings before interest, taxes, depreciation and amortization jumped 4% to P191 million in the first quarter versus 2017’s P183 million.

“While the Group’s interest expense for the period rose to P122 million in Q1 2018 from the P98 million in the previous year, carryover inventory sold during Q1 2018 reduced debt level by P527 million,” Mr. Dimarucut said.

Incorporated in 1927 as a sugar milling company, RHI became a holding and investment corporation in 2002, integrating its various sugar businesses, branching out to sugar, tolling and refining, energy and bioethanol.

RHI’s shares on Thursday were up 25 centavos or 6.85% to close at P3.90 each.

Most of RHI’s shares are owned by Hong Kong-based company First Pacific Co., Ltd., which also owns the PLDT, Inc. Hastings Holdings, Inc., a unit under PLDT’s beneficial trust fund subsidiary MediaQuest Holdings, Inc., has partial interest over BusinessWorld through its Philippine Star Group. — Anna Gabriela A. Mogato

Love and luck at Robinsons malls

NEXT WEEK sees two festival occasions: Valentine’s Day on Feb. 14 and the Lunar New Year on the 16th to mark the dual celebrations, Robinsons Malls offer shoppers a series of activities this month.

For those looking for the perfect present to show their affection, shop at Robinsons Galleria from Feb. 10 to 18 during the “Sweets for the Heart” Valentine promo. For a minimum single receipt purchase of ₱3,000, one gets a free Toblerone chocolate bar.

Over at Robinsons Place Santiago, Isabela’s best acoustic bands serenade shoppers with love songs as they perform live from Feb. 10 to 15, while at Robinsons Town Mall Malabon, acoustic singer Aiza Seguerra performs on Feb. 11.

On Feb. 14, the Pool of Music Ensemble visits Robinsons Metro East, while at Robinsons Place Malolos, Himig Handog P-pop Love Songs Finalist, Hazel Faith, launches her debut album, Keep The Faith, in time for the Valentine’s celebration.

Freebies abound at the malls in the Visayas region: present a single-receipt purchase of ₱1,000 to get heart-shaped pillow at Robinsons Place Jaro, Robinsons Place Antique, and Robinsons Place Roxas; flowers at Robinsons Place Tacloban and matching couple mugs at Robinsons North Tacloban. At Robinsons Place Iloilo, aside from getting special love gift tags with a single-receipt worth ₱1,000, Valentine’s Day will see the launch of Fave Radio Live featuring the mall’s Robinsons Singing Star alumni. This will be broadcasted live on Robinsons Place Iloilo’s official FB page, RobPlaceIloilo.

Meanwhile, Robinsons Malls will help visitors pick up good fortune for the Year of the Dog with numerous events celebrating the Lunar New Year.

On Feb. 17, Robinsons Place Antipolo will host Chinese Art Kiddie Workshops, while on Feb. 17 to 18, Robinsons Place Malolos will present a Chinese cultural show by the Confucius Institute of Bulacan State University.

For those who want to know their fortunes, two Feng Shui Masters will give consultations to mall visitors. Dr. John Tan — a professional Feng Shui Consultant in the Institute of Fengshui Bazi — will visit Robinsons Place Angeles on Feb. 7 to 9 and Robinsons Starmills Pampanga on Feb. 10 to 12; Hanz Cua — “the youngest Feng Shui Master in the Philippines and Asia” — will conduct his own Feng Shui consultation at Robinsons Galleria on Feb. 17. And finally, the celebration of Chinese New Year will not be complete without the traditional Dragon and Lion Dances. There will be performances on Feb. 16 at Robinsons Galleria, Robinsons Metro East, Forum Robinsons, Robinsons Novaliches, Robinsons Place Malolos, and Robinsons Place Santiago, and on Feb. 17 at Robinsons Place Antipolo, Robinsons Town Mall Malabon, Robinsons Starmills Pampanga, and Robinsons Place Angeles.

Multiple approvals in worker applications for leave

I’m an ordinary office worker in a small family enterprise with about 400 workers. Most of the time, we are fearful of the management process in approving our vacation leave. Even for a one-day leave, it takes time for our bosses to approve the workers’ application because it requires five signatures in hard-copy format, including that of the CEO who is the last signatory. Because of this corporate red tape, many workers spend so much time waiting and exasperated for a simple administrative matter like it. What’s the industry standard? What’s your take on this? — Never-Ending.

Alain Enthoven (born 1930) is an American economist. He was one of “Whiz Kids” of Robert McNamara, the American defense secretary who served in the 1960s. Strong in physique and intellect, Enthoven as an economist also specialized in strategy and strategic weapons. At one time, he visited the US Air Force in Germany.

He was met by an assortment of generals with decades of accumulated experience and yards of ribbons on their uniforms. Enthoven, who was youthful and fresh-faced, listened with growing impatience as the number one general outlined plans for briefing the visitor. Finally, Enthoven interrupted the presenter: “General,” he said. “I don’t think you understand the reason why I’m here. I didn’t come for a briefing. I came to tell you what we have decided at the White House.”

Many of the systems and procedures in our organizations are just like that. Top management creates certain policies that are detached from the context and reality in the battlefield. They practice a command-and-control style, such that even today, the modern workplace still uses military terms like “chain of command” and “unity of command” to manage workers.

Today, many companies find that command-and-control structures of the military in past years do not work with today’s workforce. You didn’t tell me your age, but I suspect (because of your challenging the status quo mind set) you’re part of the millennial generation, which is known to be demanding, sometimes for good reason, at least in the case you mentioned. Why not? Millennials are adept and skilful in using social media and the Internet which makes them think that the hard copy of the leave application form itself is not necessary.

And much more so if the form itself needs five signatures.

When I received your question, I hurriedly conducted an informal (although unscientific) survey on the Facebook page of the “Philippines HR Group” to check the current practices of organizations. Out of 30 respondents, 10 employees say their leave application is approved by one signatory, while 20 claim their application must be approved by “2-3 signatories.”

This is quite revealing for me. Still, there are companies out there that are practicing a command-and-control style rather than the modern style of one-to-one — one boss is responsible for his or her workers.

Even with today’s “bossless upside-down structure” and no hierarchical structures as found in many Internet and Web-related businesses, where customer satisfaction is top priority, employees, instead of being bogged down by waiting, can approve their own leave at any given time. This can be done via flexitime and telecommuting, among other non-traditional approaches.

Of course, such practices are not applicable in many businesses. Just the same, it doesn’t mean that management should always make it difficult for the workers to do their job and discourage them to enjoy their vacation leave.

Regardless of one’s business, we can make it easy and simple for workers to be responsible. As long as everyone is given reasonable standards and targets, management need not worry about burdening workers with an onerous approval process for leave.

Too many cooks spoil the broth. We have been hearing this time and again. And it means that the more people are involved in an activity or process, the greater chance that they will ruin the results, if not hurt the feelings of people who are adversely affected. Besides, if line supervisors and managers out there are doing their jobs, then it’s best for them to be empowered with the simple, administrative task of approving leave applications. After all, if the workers are on leave, who will perform their task, without the company overtaxing other workers with overtime assignments?

Your top management, with the help of the human resource department,  must decentralize simple tasks so that other managers are not burdened with so much paperwork. Some organizations take this approach to a higher level to create an innovative and independent structure.

If the boss and his workers can’t be trusted with the management of their work schedule, then what else can be done?

On the other hand, if your organization wants to explore a one-on-one approvals policy, then I must prescribe the following guidelines so that it can be more effective and efficient:

One, the workers’ assignment is standard, stable and routine. There should be no room for the workers to make an independent judgment if the rules are clear and succinct. In case of certain exceptions or abnormalities, then that’s the only time they should consult with their bosses.

Two, the workers in the same unit perform a similar task. This allows another worker to take over in case or a scheduled leave or an emergency, in case of illness or any eventuality. The only challenge here is to minimize overtime work as much as possible.

Three, the workers are highly trained and do not need close supervision. Training is very important. And therefore, management must be able to come out with the best training strategy for everyone that ensures continuity of work operations.

Of course, every line supervisor and manager faced with the dilemma of too much work and too little time makes the one-on-on policy tenable. After all, why spend so much time analyzing the reasonableness of the workers’ leave application?

elbonomics@gmail.com

Fintech hub in Asia’s Silicon Valley

The emergence of financial technology or “fintech” in modern business jargon dates back to 1993. That was during the time New York-headquartered Citicorp, the holding company of Citibank, established the Financial Services Technology Consortium as the banking industry’s original forum for collaboration on technical issues.

Even before the term was coined, a company called Intelligent Wave Philippines, Inc. (IWPI) was already into fintech. IWPI started operations in 1990 as the Manila representative office of JASDAQ-listed Intelligent Wave, Inc. based in Tokyo. Its corporate name was later changed to iWave, Inc. when Filipino investors joined the Japanese shareholders in a joint venture.

iWave is the country’s pioneer in electronic payment systems such as phone banking,  debit card payment system known as Paylink, and virtual banking or internet-based payment system. Recognized as a fintech provider by the Philippines’ banking sector and its biggest online stockbrokerage, the Filipino-Japanese firm specializes in high volume transactions and secure financial platforms.

Recently,  iWave signed a memorandum of understanding (MOU) with the Cagayan Economic Zone Authority (CEZA) and the Traders Group of Japan to develop the first special economic zone in Asia devoted to global fintech companies.

Just like iWave’s parent company, the holding firm of Traders is also listed in the JASDAQ Securities Exchange of Osaka. It pioneered Japan’s foreign exchange back office and stock market exchange systems, as well as being the first to provide online forex and derivatives trading systems to Japanese retail clients. Recently it expanded into exchange platforms for cryptocurrencies.

On the other hand, CEZA was established in 1995 by Republic Act 7922 to manage and supervise the development of the Cagayan Special Economic Zone and Freeport. It is a Philippine government-owned and -controlled corporation that operates as a separate customs territory similar to Hong Kong in China, Labuan in Malaysia, and Hamburg in Germany.

This tripartite partnership aims to transform Cagayan Valley into the Asian version of California’s Silicon Valley as the premier hub of fintech startups. They also envision the Cagayan Freeport Zone to become a major transshipment and logistics center for trade and commerce in the Asia-Pacific region.

Set against the backdrop of the Sierra Madre Mountains and some of the world’s best beaches, Cagayan Valley is a region of natural forests, rivers, and vast fishing grounds that make it a prime destination for environmentally conscious travellers.

With its new airport infrastructure, master-planned township development, sufficient energy resources, and wide-bandwidth data centers, the Cagayan Freeport Zone is a natural haven for fintech locators.

CEZA’s charter allows it to regulate offshore banking units and affiliates, foreign exchange and investment enterprises, and fintech companies while providing an evolving entrepreneurial and technological environment. It is headed by Administrator and CEO Raul Lambino, who holds a Cabinet rank in the Duterte administration.

According to Mr. Lambino, “this is a planned, calibrated development which would be in stark contrast to the largely unmitigated growth of Asian cities with their huge traffic and unproductive environments.” He said the MOU “will bridge the technology industries of Japan and the Philippines on a larger scale. This will we carried out by synergizing Japan’s advanced technologies and research and development capability with a greenfield technology hub in the Philippines.”

Regulations will be based on the forward-looking policies of Japan, the number one trading partner of the Philippines. To facilitate the special economic zone’s connectivity to the rest of the world, submarine cable landing points will soon be completed. The North Luzon East Expressway is under construction from Quezon City to Cabanatuan City and will significantly cut travel time to Cagayan Valley.

Under the MOU, iWave and Traders will provide CEZA with the technological expertise to properly regulate and monitor the latest fintech services as they become available to address the unbanked and future crowd-funding solutions. Among these are blockchain or distributed ledger technologies; bitcoin and other cryptocurrencies; payment solutions; and international coin offerings.

Long-term exposure to the capital markets would enable Traders and iWave to lend their best practices in anti-money laundering and “know your client” policies to CEZA. Moreover, their combined experience will ensure that CEZA is at par with Silicon Valley’s cybersecurity methodologies, eventually becoming a respected regulatory and licensing authority in the fintech universe.

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.

How PSEi member stocks performed — February 8, 2018

Here’s a quick glance at how PSEi stocks fared on Thursday, February 8, 2018.

Labor productivity: How efficient is the Philippines’ work force?

International court to tackle complaint against Duterte

By Arjay L. Balinbin

MALACAÑANG ANNOUNCED on Thursday, Feb. 8, that the International Criminal Court (ICC) is set to begin its “preliminary examination” into a complaint filed by the camp of opposition senator Antonio F. Trillanes IV alleging that President Rodrigo R. Duterte has committed “crimes against humanity” in his nationwide war on drugs.

In a press briefing, Presidential Spokesperson Herminio Harry L. Roque, Jr. said the Philippine mission was informed by the Office of Prosecutor of the International Criminal Court about the complaint. He noted in part: “The Office of the Prosecutor is merely exercising his mandate to determine whether there is reasonable basis to proceed with an investigation into a situation pursuant to criteria in the Rome statute, namely, jurisdiction, admissibility, and interest of justice, lest the opposition (already claims) victory.”

“The office of the preliminary examination is only to determine if there is reasonable basis to proceed to a preliminary investigation. After a preliminary investigation, the prosecutor would have to go to the pre-trial chamber of the Court for confirmation of charges before the charges can even be filed in the Court,” Mr. Roque clarified further.

He also said the examination of the complaint was “a waste of the Court’s time and resources,” adding that Mr. Duterte is “sick and tired of being accused” and “wants to be in court and put the prosecutor on the stand.”

Mr. Roque, a former congressman and international law expert, also noted: “Again as a matter of sovereign consent, we gave our consent to be a member of the ICC subject to, number one: The court being a court of last resort; and that, secondly, subject to the principle of complementarity; and number three, that not all crimes can be cognizable by the court because only crimes which are of the gravest nature, (of the) greatest affront against the international community, should be subject to the jurisdiction of the Court.”

For his part, Mr. Trillanes said: “I welcome the ICC’s decision to conduct (a) preliminary examination on Duterte’s crimes against humanity.”

“This development should jolt Duterte into realizing that he is not above the law. More importantly, this is the first step for the victims’ families’ quest for justice,” the opposition senator added.

It was in April last year when lawyer Jude Josue L. Sabio filed a complaint before the ICC against Mr. Duterte and his senior officials. Mr. Sabio serves as counsel for Edgar B. Matobato, who had testified in the Senate that he was part of a hit squad that operated on Mr. Duterte’s orders.

In a statement, Mr. Sabio said: “I am elated and vindicated. At last, Mr. Duterte and his cohorts will face preliminary examination by the ICC prosecutor as a prelude to formal criminal investigation.”

“I am confident that, based on my communication, as well as that of Sen. Trillanes’ and Rep. Alejano’s, we will hurdle this first big step, and hopefully a warrant of arrest will be issued soon by the ICC against Duterte and his cohorts. His system of death squad killings, which started through the Davao death squad and was continued on a national scale through the war on drugs, will now be investigated by the ICC and justice will be done,” the lawyer added.

In his statement, opposition Senator Paolo Benigno A. Aquino IV said in part, “This should be a welcome opportunity for the administration to make their case to an unbiased and globally respected tribunal.” — with a report by Reuters

Charter review body meets, sets August as deadline

By Camille A. Aguinaldo

THE 19-MEMBER consultative body created by President Rodrigo R. Duterte to review the 1987 Constitution held its preparatory meeting at the Philippine International Convention Center (PICC) on Thursday, Feb. 8.

The Constitutional Commission, led by former chief justice Reynato S. Puno, is tasked to study, conduct consultations and review provisions of the Constitution.

In his speech, Mr. Puno told committee members that their job “will terrorize the faint in heart,” but expressed confidence that they would deliver on their work.

“Our given task will terrorize the faint in heart. But without engaging in the exercise of self-levitation, I entertain no iota of doubt that we will live up to the expectations of our President,” he said.

He also advised his colleagues in the commission thus: “We should be ready to receive catcalls instead of cheers, especially from the few who rule and who think they have an imprescriptible patent to govern our people. It will demand patience and understanding among ourselves.”

He said Thursday’s meeting was “a getting to know you gathering.”

Commission member and University of Santo Tomas political-science professor Edmund S. Tayao told BusinessWorld, when sought for comment, that they also discussed the consultative body’s logistics and timetable for the work ahead.

“The first order of the day was to get to know each other. While many of the members of the committee already know each other from various engagements before, it’s also important to know them again and feel the atmosphere of the committee,” he said.

“The meeting was organizational. We talked about arrangements for the technical personnel, essentially how the whole committee will operate,” he added.

Mr. Tayao said they will be sworn in next week and will start their work on Feb. 20 at the Philippine International Convention Center.

He added the committee will come up with its report by August at the latest. He also said members were targeting to finish their report before that deadline, hopefully around the time of Mr. Duterte’s third State of the Nation Address (SONA) in July.

“Whether or not the output will be in time for the SONA,…we have yet to really determine that but it’s the ideal time line,” Mr. Tayao said.

The consultative committee, formed by virtue of Executive Order No. 10 in 2016, is assigned to review provisions of the 1987 Constitution, especially on the government structure and powers, local governance as well as economic policies.

The body will submit its report, recommendations and proposals to the President.

Executive Secretary Salvador C. Medialdea or his designated representative shall act as observer in the committee’s deliberations.

The consultative body is given a six-month period to finish its work and will cease to exist upon the President’s transmittal of its recommendations and proposals to Congress.

Mr. Duterte has been pushing for amendments to the Constitution in order to shift the government structure into a federal form. Some business groups, on the other hand, have advocated limiting Charter change to the Constitution’s economic provisions.

Leaders of Congress have set aside a row between the two chambers over how the legislature should vote on constitutional amendments, but without resolving yet that matter.

Canada orders review of deal to sell choppers to PHL

JUST ONE day after signing a $233-million agreement to sell 16 helicopters to the Philippines, the Canadian government on Wednesday ordered a review of the deal amid concerns the aircraft could be used to fight rebels.

Trade Minister Francois-Philippe Champagne said the deal, formally signed on Tuesday, had been struck in 2012 on the understanding the helicopters would be used for search-and-rescue missions.

Department of Defense spokesman Arsenio Andolong on Wednesday said its air force would use the Bell 412EPI aircraft, worth $234.8 million, for disaster response and humanitarian missions, but also for “anti-terrorism.”

But on Thursday, Armed Forces of the Philippines (AFP) spokesman Major-General Restituto F. Padilla, Jr. said the choppers “are purely for utility purposes.” He added: “We have separate and dedicated attack helicopters.”

They must not politicize the acquisition,” said Mr. Padilla, who is also the AFP’s deputy chief of staff for plans and programs.

“When we saw that declaration,…we immediately launched a review with the relevant authorities. And we will obviously review the facts and take the right decision,” Mr. Champagne told reporters, without giving more details.

“Human rights is a key element of our foreign policy and of our trade policy,” he also said.

The Bell 412EPI helicopters were due to be delivered early next year as the Philippine military prepares to step up operations against Islamist and communist rebels.

In 2016, the Liberal government was criticized for deciding to honor a contract to sell light armored vehicles to Saudi Arabia, despite human rights concerns. Like the helicopter contract, the deal had been arranged by Canada’s former Conservative administration. — reports by Reuters, AFP

Mindanao local governments without PRDP-funded projects yet get priority

DAVAO CITY — Projects from local government units (LGUs) that are submitting a proposal for the first time to the Philippine Rural Development Project (PRDP) will get priority consideration under the additional $170-million allocation approved by the World Bank (WB).

Ricardo M. Oñate, Jr., PRDP-Mindanao director, said there were already a number of proposals submitted prior to the fresh fund approval, which can now be considered with the available budget.

“Aside from our (Mindanao) current portfolio of P6.14 billion of combined agri-enterprises and infrastructure under PRDP, we still have a lot of project proposals waiting to be funded, so we take full advantage of this opportunity,” said Mr. Oñate in a statement.

The P6.14-billion funding is Mindanao’s share of the initial P27-billion funding for the PRDP.

Of the total Mindanao share, about P5.77 billion has been allocated for infrastructure development, including 117.46 kilometers of farm-to-market roads, two potable water systems for 1,266 households, and three post-harvest facilities for about 3,000 hectares of farms. Enterprise development, on the other hand, got about P365.07 million for 77 projects.

Data from the PRDP-Mindanao Office show that among the projects pending assessment are communal irrigation systems, potable water supply, slope protection, warehouses and green house projects.

Apart from the first-time applicant criterion, other priority considerations are whether the project is related to the LGU’s commodity action plan, and the LGU’s track record in implementing other projects.

The Philippine government sought for additional funding from WB after the initial P27 billion was fully allocated.

The six-year PRDP, launched in 2014 as a nationwide-scale version of the Mindanao Rural Development Program, is implemented through the Department of Agriculture.

In a statement released after the approval of the additional financing in January this year, Mara K. Warwick, WB country director for Brunei, Malaysia, the Philippines and Thailand, said the PRDP is considered “one of the most innovative projects of the Philippines.”

“The practice of the Department of Agriculture of preparing provincial commodity investment plans together with local governments have empowered local executives to mobilize additional resources and bring in programs of other government agencies,” said Ms. Warwick. — Carmelito Q. Francisco

CALAEx Laguna Blvd-Mamplasan section to open by December

THE LAGUNA Boulevard to Mamplasan section of the Cavite-Laguna Expressway (CALAEx) can be opened by December, according to Department of Public Works and Highways (DPWH) Secretary Mark A. Villar.

“The original target is February, but we’re pushing for December,” Mr. Villar told reporters yesterday during a site inspection of the road project under a public-private partnership scheme.

Luigi L. Bautista, president of MPCALA Holdings, Inc., the private concessionaire for the project for a period of 35 years, also said that the original date for completion of that CALAEx section was February, but the government wants to expedite the construction.

The P35.43-billion project involves the construction of a 44.6-kilometer four-lane toll road between the South Luzon Expressway (SLEx)-Mamplasan interchange and the Cavite Expressway (CAVITEx).

The entire project is targeted for completion by 2020, but finished sections would be opened as they are accomplished.

The contractor is DMCI Construction.

Mr. Bautista said they will break ground on the Cavite segment in April. The company signed a contract with Leighton, a unit of Australian company CIMIC Group Ltd. for this.

MPCALA Holdings is part of Metro Pacific Investments Corp. (MPIC), one of three key 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 a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Patrizia Paola C. Marcelo