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North Korea says tests new ICBM, can reach all of US mainland

SEOUL/WASHINGTON — North Korea said on Wednesday it had successfully tested a new type of intercontinental ballistic missile (ICBM) that could reach all of the US mainland.

The missile test, North Korea’s first since mid-September, came a week after US President Donald Trump put North Korea back on a US list of countries it says support terrorism, allowing it to impose more sanctions.

North Korea has conducted dozens of ballistic missile tests under its leader, Kim Jong Un, in defiance of international sanctions.

Mr. Trump has vowed not to let North Korea develop nuclear missiles that can hit the mainland United States.

In a broadcast on state TV, North Korea said the new powerful missile reached an altitude of around 4,475 kilometers (2,780 miles) — more than 10 times the height of the international space station — and flew 950 km (600 miles) during its 53-minute flight.

After watching the successful launch of the new type ICBM Hwasong-15, Kim Jong Un declared with pride that now we have finally realized the great historic cause of completing the state nuclear force, the cause of building a rocket power, according to a statement read by a television presenter.

In the statement North Korea described itself as a “responsible nuclear power,” but warned its strategic weapons were developed to defend its sovereignty and territorial integrity from “the US imperialists’ nuclear blackmail policy and nuclear threat.”

US, Japanese and South Korean officials all agreed the missile, which landed within Japan’s exclusive economic zone in the Sea of Japan, was likely an ICBM but it did not pose a threat to the United States, its territories or allies, the Pentagon said.

“It went higher frankly than any previous shot they’ve taken, a research and development effort on their part to continue building ballistic missiles that can threaten everywhere in the world, basically,” US Defense Secretary Jim Mattis told reporters at the White House. — Reuters

QC declares 2,539-sqm Tuazon property as socialized housing site

Quezon City logo

QUEZON CITY Mayor Herbert M. Bautista has approved an ordinance declaring three parcels of land in Barangay Pansol as a socialized housing site. In a statement released yesterday, the city government said the 2,539-square meter (sqm) area in Sitio Kaingin 1, registered under the name of Antonio Tuazon, is “located within the area for priority development and has been forfeited in favor of the city government.” The ordinance was authored by Councilors Franz S. Pumaren and Marivic Co-Pilar. “It is high time that the concern for affordable and decent housing at Kaingin 1 and 2, Barangay Pansol, District 3, Quezon City be developed to address their struggle for security of land tenure,” the ordinance reads. The local government cited that Republic Act 7279 or the Urban Development and Housing Act “mandates that lands within existing areas for priority development shall be covered in socialized housing programs and should be on an on-site development if found more practicable and advantageous to the beneficiaries.”

Devoted to tradition: Secrets from the Segismundo table

THE TABLE at Christmas is one of the most intimate moments in a Filipino family’s life. While everybody tries to act perfectly for the holidays, old jokes and old secrets always manage to bubble up to the surface, the effects of laughter or tears softened by the accompaniment of food made year after year at the family’s request, thanks to a devotion to tradition.

Celebrity chef Myrna Segismundo, who has the distinction of being one of the first Filipino chefs to present at Madrid Fusion in Spain, opened her heart by opening her kitchen and sharing some of her beloved Christmas recipes.

Ms. Segismundo presented her recipes as part of the Maya Kitchen Culinary Elite Series, a series of classes where chefs like Jessie Sincioco, Tatung Sarthou, Gene Gonzales, and Claude Tayag show off their favorites for people to learn and share on their own tables. The recipes, such as Mr. Gonzales’ Adobo Diablo and Ms. Sincioco’s Tiger Prawns with Laing are available on themayakitchen.com/culinary-elite-series.

Ms. Segismundo’s presented her Adobo Pate with Pepper Jelly and Toast Points, Salad of Young Ubod and Pomelo with Honey-Patis Dressing and a kinilaw of shrimps, with a dessert of Turrones de Manila topped off with Vanilla Gelato Spazzacamino.

Adorning this meal is Beef Morcon à la Emilia, a recipe she learned from her mother. The beef roll, made with beef sirloin and stuffed with chorizo, edam cheese, eggs, green olives and other things, was a frequent centerpiece at the Segismundo table. Ms. Segismundo, before her mother passed away, carefully documented each step of the process in order to successfully duplicate it for future Christmas feasts with her family.

“It defies the principles of cooking that I usually follow in a commercial operation,” she said. For example, her mother would spread butter on the cut of meat, or else rub the meat with the sofrito of tomatoes, garlic, and onions, as opposed to simply sauteeing it first, as Ms. Segismundo had been trained to do. Asked if her mother ever tasted her own version, Ms. Segismundo said no, and said: “At home, she and my yaya were the queens in the kitchen.”

“My cooking does not matter when she’s around,” she added. After all, wherever you go in the world, no matter who your mother was, apparently, she’s always the best cook. It’s not favoritism, she insists: “It’s tradition!”

While Ms. Segismundo might have ascended the heights of culinary service and pleasure in her cooking and her tasting — experience, we’re sure, which her family benefits from — the morcon still holds a precious place in all their hearts. “It’s the memory of what went into it and the thought that she’s still around by virtue of this dish is what makes it all the more special.”

While this morcon is a virtual relic from times that will never return, we asked Ms. Segismundo to explain how Christmas feasts have changed for families. Of course, more ingredients are available now, and catering is more accessible. “We don’t [always] have the luxury of househelp these days,” she said about the tedium of shopping, chopping, preparing, cooking, and then cleaning up after the feast.

“I have nothing against all this convenience food,” she said. “My only concern is that they [should] know what the traditional recipes call for. It’s good to tweak, but then again, you tweak from a classic.” One must, maybe, build the walls first before they can be brought down: a lesson in cooking and anything creative.

While Ms. Segismundo has fond memories of Christmas, resurrected every year because of her mother’s morcon, what memories do we create when our Noche Buena comes from a kitchen that is not one’s own? “Nothing wrong with that; it’s a matter of choice,” she said. “You [do] have to have an identity, kahit papaano.”

Alam mo naman ’yan sa pagkain eh [You know how it is about food]. You go around. Catered food, hotel food, vs. food in a home where the cook is very good: laking difference ’di ba [huge difference, right]?” — Joseph L. Garcia


Morcon a la EmiliaMORCON à la EMILIA
Serves 4 — 6

2 kgs. Beef Sirloin, cut into two portions, each measuring 8 x 5 x ½-inch slices (pound lightly if needed)

Juice from two lemons or limes or 10 pcs. calamansi

1 cup Soy Sauce

1 head Garlic, peeled and crushed

1 tsp. Black Peppercorns, cracked

1/2 cup Unsalted Butter

8-10 pcs. Sweet Pickles, quartered

4-6 pcs. Spanish Sausages (Chorizo) each cut into four horizontal strips

200 gms. Pork Fat, cut into 1/4 x 2-inch strips

1/3 kg. Edam Cheese or Queso de Bola cut into 1/4 x 2-inch strips

150 gms. Ham Strips

1 can Pimiento, sliced into strips

5 pcs. Eggs, boiled, peeled and wedged

Butcher’s Thread

2 pcs. White Onions, minced, sautéed in a little oil

4 pcs. Tomatoes, peeled, seeded, coarsely chopped, sautéed in a little oil

Enough Water to cover meat

1 cup Tomato Sauce

3 pcs. Potatoes, peeled and quartered

1/3 cup Green Olives

Salt and Pepper, to taste

1. Marinade beef slices in lemon, lime or calamansi juice, soy sauce, garlic and pepper for two hours

2. Remove beef from marinade and spread slices flat on tray. Reserve marinade. Spread top side of each slice with butter. Line each center of the slices horizontally with strips of pickles, sausages, pork fat, cheese, ham, pimientos and boiled eggs. Roll each slice into a cylinder and tie with butcher’s thread to bind beef and stuffing. Rub and coat rolls with the sautéed onions and tomatoes.

3. Place beef rolls in a pot or casserole . Pour marinade. Add water and tomato sauce. Cook rolls covered over medium heat for about 30 minutes until sauce thickens or until beef is half-done. Add quartered potatoes and olives and continue simmering till beef is tender. Season with salt and pepper.

4. Cool beef rolls thoroughly. Remove string. Carefully slice the rolled beef into half-inch thick cuts making sure the stuffing is intact. Arrange slices neatly on a platter. Heat sauce with potatoes and olives. Pour sauce over slices and garnish with the potatoes and olives. Serve warm.

Azkals to see action in Taiwan pocket tourney

PART of its thrust to cultivate its roster and further improve its game for battles ahead, the Philippine national men’s football team is set to see action in a pocket tournament in Chinese Taipei beginning this weekend with local collegiate stars also receiving call-ups to team up with veteran national players.

Happening from Dec. 1 to 5 at the Municipal Stadium in Taipei, the Chinese Taipei Football Association International Tournament will see four nations, including the Philippines, competing.

Other nations part of the tier 1, “A” tournament are the host country, Laos and Timor Liste.

In the lead-up to the International Tournament, the Philippine Football Federation (PFF) released the names of players that will see action in Taiwan.

The list features a combination of collegiate players and veteran national players whose teams are not playing in the semifinals of the Philippines Football League, which incidentally kicks off also this weekend.

Part of the team are Nathanael Alquiros (Stallion Laguna FC), Fitch Arboleda (Stallion Laguna FC), Junell Bautista (Davao Aguilas FC), Jaime Cheng (Davao Aguilas FC), Justin Cheng (Davao Aguilas FC), Julian Clariño (University of the Philippines), Reymart Cubon (Davao Aguilas FC), Dylan De Bruycker (Davao Aguilas FC), Ruben Doctoro, Jr. (Stallion Laguna FC), Javier Gayoso (Ateneo de Manila University) and Angel Guirado (Davao Aguilas FC).

Also called up were James Hall (Davao Aguilas FC), Ray Joyel (Far Eastern University), Christian Lapas (University of the Philippines), Kintaro Miyagi (University of the Philippines), Nick O’Donnell (Davao Aguilas FC), Mike Ott (Angthong FC), Simone Rota (Davao Aguilas FC), Yannick Tuason (Stallion Laguna FC), Adam Tull (Kaya FC Makati), Reynald Villareal (Stallion Laguna FC), James and Phil Younghusband (Davao Aguilas FC).

Serving as coach of the team is Marlon Maro, assisted by Randolfo Clarino, Marlon Piñero, Ronoel Garfin and Ramoncito Lalas. Team manager is Jefferson Cheng.

The PFF said the decision to compete in the Taiwan tournament is to expose young players to more international tournaments in preparation for their eventual call-ups in the future as well as to foster inter-country goodwill through football.

The Philippines will face Laos first on opening day then the hosts on Dec. 3 before finishing its assignments against Timor Liste on Dec. 5.

The Philippine Azkals last saw action at the AFC Asian Cup, facing Nepal in Kathmandu in a key Group F qualification game that finished in a goalless draw.

With the draw, the Philippines, sporting a record of two wins and three draws with nine points, is still on top of its grouping but for good measure has to win in its final game against Tajikistan to advance to the main competition of the Asian Cup in 2019.

Currently the Philippines is at 118 in the world rankings, top in the Southeast Asian region and 21st in Asia. — Michael Angelo S. Murillo

OPEC heading for oil cut extension with a caveat

VIENNA — The Organization of the Petroleum Exporting Countries (OPEC) and Russia are heading towards prolonging their oil supply cuts for the whole of 2018 but with an option to review the deal in June, OPEC sources said on Tuesday after Moscow expressed concerns the market could overheat.

The recommendation was made by a joint committee of OPEC and non-OPEC delegates including Russia but has yet to be approved by the ministers from the committee on Wednesday and then by a full OPEC meeting on Thursday, two OPEC sources said.

Oil prices deepened their two-day decline on the news, which the market could perceive as an extension of production cuts by just three months until June 2018 rather than a full year.

The OPEC, Russia and nine other producers are cutting crude output by about 1.8 million barrels per day until March 2018, and on Thursday their oil ministers will discuss extending the deal.

“It will not be an easy meeting and we always look at various scenarios,” United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Tuesday in Dubai.

Upon arrival in Vienna, he said cutting output through the whole of 2018 was still the main scenario but not the only one.

The market had largely expected OPEC to prolong the cuts until the end of 2018 to prop up prices and clear an excess of global stocks, but doubts have emerged in the last few days.

OPEC’s leader, Saudi Arabia, has signaled that it wants oil to trade at about $60 a barrel as the kingdom prepares to list shares in national oil champion Aramco and fights a large fiscal deficit.

The Russian government also wants high oil prices ahead of a presidential election in March 2018. But officials in Moscow have voiced worries about pricier oil boosting the rouble, which could undermine the competitiveness of Russia’s economy.

US producers aggressively hedged their future production as oil recently rallied, raising fears of another spike in shale output in the United States, which is not participating in the global production curbs.

“Russia is on board for the extension,” one of the OPEC sources said following the committee meeting.

Goldman Sachs, one of the most active banks in commodity trading and oil producer hedging, said on Tuesday in a note the outcome of the OPEC meeting was uncertain as Brent oil had risen above $63 per barrel.

“The push for a nine-month extension, four months before the cuts end and given an accelerating rebalancing further stands in the face of prior comments that the cuts should remain data-dependent to assess their effectiveness,” the US bank said.

Citi, one of Goldman’s main rivals, said it expected major producers to end production cuts sooner rather than later.

“OPEC and Russia will both realize they are losing market share and they will be better off going back to a more competitive environment,” the head of commodity research at Citi, Ed Morse, told Reuters.

Goldman said oil might fall further this week as the market had priced in a nine-month extension. “We continue to expect a gradual ramp up in OPEC and Russian production from April onward,” Goldman said, adding “as a result, the announcement of an only six-month extension would still initially appear bullish relative to our expectation.”

On Friday, Russia said it was ready to support extending the output-cutting deal but still had to decide on the duration.

On Monday, Reuters reported that a major Russian production project led by Exxon Mobil was preparing to ramp up output by a quarter from next year.

The project is not subject to the global output-cutting deal but the development would signal an obstacle to Russia’s efforts on production curtailment.

The Exxon project involves Rosneft, the Kremlin-owned state producer whose boss Igor Sechin, a close ally of President Vladimir Putin, has long been a critic of Moscow’s deal with the 14-country OPEC.

Sources close to talks between OPEC and Russia told Reuters Moscow wanted to fine-tune the language of the deal to include an option to review the agreement if global stocks fell steeply.

The supply pact is aimed at reducing oil stocks in industrialized countries to their five-year average. The latest figures suggest OPEC is more than halfway there, with OPEC sources saying the target could be reached after June 2018. — Reuters

Reforms to credit information system needed to expand small businesses’ access to capital

FINANCIAL REFORMS are required to improve small-business access to capital, enabling them to expand and participate in bigger projects such as those in the government’s program to radically upgrade Philippine infrastructure.

At the 5th Asia Pacific Economic Cooperation (APEC) Financial Infrastructure Development Network forum at the Philippine International Convention Center yesterday, participants backed the establishment of a legal framework for the use of moveable assets as loan collateral, as well as a universal registry for sureties that would accelerate credit decisions.

Such reforms are expected to benefit micro, small and medium enterprises (MSMEs), providing credit for their expansion — the potential for which is currently limited because banks seek hard collateral such as real estate.

“The most important challenge for MSMEs is access to financing. And the main reason to that is the lack of a good credit infrastructure,” said Julius Caesar Parreñas, senior advisor to Mizuho Bank, Ltd. in a press briefing.

He said that three critical initiatives will address these issues: a secured transactions law, credit information and insolvency systems.

A secured transactions law establishes a legal framework for the use of non-traditional collateral, such as accounts receivable, inventory, and intellectual property, among others.

House Bill No. 3682, which addresses the matter, is currently pending at the committee level at the House of Representatives.

Gay Santos, senior finance specialist from the International Finance Corp. of the World Bank group, said that despite having a stable banking sector, bank liquidity does not reach micro enterprises.

“One of the things that can bring the best bang for the buck in terms of financial inclusion is the implementation of reforms such as the secured transactions law,” she said, noting that it has been making good progress.

“This is providing a chance for every Filipino to really reach a sustainable level of growth,” Ms. Santos said.

However, she added that the country should have a centralized repository of movable assets for banks, which can also support their risk management assessments.

Mr. Parreñas added that a credit information system where banks can review the borrower’s track record will also make lending outcomes more predictable.

He added that such system could also include information on payments for utilities, and mobile phone bills so that unbanked individuals could still put together a credit history.

Finance Undersecretary Gil S. Beltran said that of the 10 members of the Association of Southeast Asian Nations (ASEAN), seven have secured transactions laws, while five have a universal collateral registries.

Christopher Wohlert, commercial distribution finance leader for Wells Fargo Asia, said that the reforms are meant to win over small businesses from informal sources of funds.

“As those enterprise grow, they need to borrow more money, that they move beyond friends and family, to the uncollateralized form or reputational lending,” he said.

“So it’s the next step that allows the MSMEs to continue to grow and succeed and not be limited by the amount of real estate that they have. It fills the gap between reputational lending, up to the corporate bond issuances, and even formal capital markets. That would enable them to succeed,” Mr. Wohler added. — Elijah Joseph C. Tubayan

Roast duck is about to become NY’s most obsessed-over food

NEW YORK has seen nothing in recent memory that compares to buzz for the Peking duck that will be the specialty at DaDong, set to open on Dec. 11.

The three-story, 450-seat behemoth at Three Bryant Park will be the first US outpost for the Michelin-starred chain that has 14 locations around China (10 in Beijing, four in Shanghai, plus one coming to Chengdu).

DaDong New York booked 2,500 reservations inside two hours when the restaurant opened for bookings on Oct. 11. The place is fully reserved until February, though the restaurant has room for daily walk-ins.

First off: What’s so great about this bird? Peking duck is a dish that originated in Beijing and is said to date back more than 700 years, to the Yuan Dynasty.

By the mid 1500s, the first roast duck restaurant had opened in Beijing. DaDong’s version of the dish — a combination of lacquered skin and succulent meat, usually wrapped in a pancake with scallions and hoisin sauce — is magnificently crispy but meatier than much of the competition.

One reason it stands out is the way it’s cooked. Chef/owner Dong Zhenxiang uses customized Justa ovens whose design is top-secret; they have indentations on the walls that bring the oven temperature up to 600°F.

The kitchen has a line of five such ovens, which can cook up to a dozen birds each; the ducks hang from a circular contraption on the top and rotate as they roast, so the fat drips. A battery of eight chefs sees to duck preparation: Two oversee the poultry cooking in the ovens, and six slicers present duck to guests and then carve it table-side: The neck meat is said to be the most tender.

At the table, various options are offered for eating the duck, which costs $98 complete and $58 for a half, cut four ways. Traditional-style comes with pancake, hoisin, and three to four pieces of duck meat (and skin), as well as watermelon radishes, cucumber, and scallion slices.

There’s also a sesame-puff bun, a flaky pastry shell that’s meant to be stuffed with the duck meat, a pungent garlic paste, and vegetable garnishes.

A further option is to dip the duck in a bowl of sugar and eat it plain. Finally, there’s the Kaluga caviar accompaniment, which costs an additional $42 and is meant to be spooned between the skin and the meat.

WHERE IT COMES FROM
Chef Zhenxiang sources the duck from Indiana-based Maple Leaf Farms, Inc. The chef worked for two years to procure enough ducks for the deluge that the New York opening requires. DaDong ordered 960 ducks, enough to fill two walk-in coolers.

To accompany the food, beverage director Michael Scaffidi has assembled a wine list of more than 300 bottles. He’s drawing inspiration from the 12-year cycle of the Chinese zodiac system. “The year 2018 is the year of the dog; we’ll be featuring wines from 2006 and corresponding vintages,” said Scaffidi.

There will be specialty mixed drinks, too. “It’s the sign of amazing people like Prince, Madonna, Michael Jackson; we’ll have some fun with that with the cocktail program.”

He highlights Champagne and white Burgundy on the list — noting that both are duck-friendly — with a few by-the-glass selections, including Krug ($48). A handful of Chinese wines will be on offer, including cabernet sauvignons from the LVMH-owned Ao Yun Cabernet Sauvignon (for about $777) and Shanghai Moser ($59).

More than 100 bottles will be priced at less than $60. “We’re not here just to sell baller wines,” he says. He’s also planning to serve Frozé from a machine at the terrace on the second floor, where he might also experiment with such drinks as a frozen Ferrari (a mix of Fernet and Campari).

SPRAWLING IN SIZE
Although the 17,500-square-foot, 450-seat space is huge for New York — by comparison, the massive Tao Downtown has just 300 seats — it’s tiny by DaDong’s standards. Their Chinese counterparts have up to 700 seats.

Size was Zhenxiang’s biggest challenge when he began scouting New York locations in 2015. He decided he could make the biggest splash in a space near Times Square that had the size to accommodate a vast number of guests (there are 182 seats on the main floor, along with 160 on the outdoor terrace and more than 100 upstairs, where the chef will offer tasting menus with sliding walls for private dining). Zhenxiang liked the array of people that visit the area and appreciated that the Bank of China’s new headquarters is nearby, at 7 Bryant Park, and the Bank of America Tower is across the street.

The noise at DaDong is all about the duck, yet 79 other items list on the hardcover menu, which is decorated with big color pictures and resembles a children’s book.

(As with the dining space, the menus in China are notably bigger, offering about 240 items; many dishes that didn’t make it to the US were deemed not especially appealing to American palates, such as stir-fried Chinese lasagna with powdered crab roe and crab fat and sweet and sour jellyfish with aged vinegar.)

Chef Andy Xu, a veteran of such esteemed New York kitchens as Cru, oversees the non-duck dishes. Xu predicts that the steamed Alaskan king crab (market price) will be the next best-seller, followed by Kung Pao chicken or shrimp. Yes, there’s Kung Pao shrimp on the menu. Word is, it’s really good. — Bloomberg

Emperador to issue new shares to Singapore fund GIC’s affiliate

AN AFFILIATE of Singaporean sovereign wealth fund GIC Pte. Ltd. is subscribing to P832.26 million worth of shares in Emperador, Inc.

In a disclosure to the stock exchange on Wednesday, the listed liquor firm said Arran Investment Private Limited will be subscribing to 122.39 million shares in the company with a par value of P1 apiece.

The subscription to Emperador shares will cover the accrued interest due under the equities linked securities agreement between the two parties, the company added.

To recall, GIC through Arran Investment invested P22 billion in Emperador in 2014, through the purchase of  common shares and equity-linked securities convertible to common shares of Emperador at P11 per share over a 13-month period. The transaction was valued at P17.6 billion.

In addition, Arran Investment also had an option to buy additional interest of up to P4.4 billion.

The transaction gave Arran Investment an 11.76% stake in Emperador.

The Andrew L. Tan-led firm had earlier said the transaction will give Emperador fresh capital to pursue expansion plans locally and abroad.

Emperador has been on an acquisition spree in 2016, bringing under its helm Scotch whisky maker Whyte and Mackay Group and Bodegas Fundador in Spain. Its brands include Fundador, Dalmore, and Jura.

The company is currently on two-year share buyback program worth P5 billion that started in May, where it aims to increase shareholder value amid positive prospects for the company’s growth.

For the first nine months of the year, Emperador saw its net income attributable to the parent fall by 9.7% to P4.44 billion, as the company saw softer liquor consumption.

Shares in Emperador added 10 centavos or 1.38% to close at P7.35 each at the stock exchange on Wednesday. — Arra B. Francia

Suzuki Motor Corp. returns as title sponsor of next year’s ASEAN Football Championship

SUZUKI Motor Corp. will be the title sponsor of the ASEAN Football Federation (AFF) Football Championship once again, paving the way for another exciting edition of the region’s biggest and most passionately supported football tournament in 2018.

This will mark the sixth successive occasion Suzuki Motor Corp. have backed the AFF’s flagship competition — the AFF Suzuki Cup — since 2008. First played in 1996, the biennial tournament is contested by the national “A” teams of Southeast Asia, and boasts record TV ratings as well as sold-out stadia.

“We began our sponsorship as the title sponsor in 2008 with the passion to bring thrill and excitement to the ASEAN region” said Kinji Saito, Managing Officer from Suzuki Motor Corp.

“Since then, together with fans and championship staff, the AFF Suzuki Cup has created sensational moments and unforgettable memories which embody Suzuki’s corporate slogan, “Way of Life!”. The 2018 championship will mark the 10 year anniversary of our sponsorship, and with new changes to the tournament format, it will surely be as remarkable and exciting as ever, and mark a new chapter in the history of the AFF Suzuki Cup.”

Thailand triumphed for a record fifth time when the event was last played in 2016. They defeated Indonesia in the Final, during the year when Myanmar and the Philippines hosted the Group Stages for the first time.

“Next year will be the 12th time we have staged the AFF Football Championship and we are truly grateful to Suzuki Motor Corporation for embracing the region’s top footballing tournament as the title sponsor once again,” said Lt. Gen. Dato’ Sri Azzuddin Ahmad (Retired), General Secretary of AFF.

“It is incredible how quickly time has flown by since the inaugural tournament was staged in Singapore in 1996. Not only has the tournament grown from strength to strength, it has created opportunities to groom football talent in the region and is today the most important regional stage for local teams to take the next step up.”

Importantly, Suzuki’s renewal comes at a time when the tournament will see some exciting new changes to its format, aimed at providing more exposure for the players in their home country and driving greater fan engagement.

Starting next year, the Qualification Round will see the two lowest-ranked ASEAN teams playing off against each other, with the winner joining the top nine ranked countries in the Group Stage.

Each Group will comprise five teams, with each team playing two matches at home and two matches away. The semifinals and finals format will remain home-and-away matches played over two-legs. This means throughout the course of the tournament, there will be more home matches held in every participating country, which will further enhance established rivalries.

“These are exciting times for the AFF Football Championship with Suzuki Motor Corp. extending their legacy as title sponsor and putting their weight behind an invigorated tournament,” said Tom Smith, president, Football — Asia at Lagardère Sports.

“We deeply appreciate Suzuki’s unwavering support and our team looks forward to delivering the most impactful event in the history of the competition.”

Cambodia seeks more China aid

PHNOM PENH — Cambodian Prime Minister Hun Sen, under Western donor pressure over a crackdown on his critics ahead of 2018 elections, will seek more aid and investment from China during a visit this week, his aide said.

Hun Sen’s aide, Sry Thamrong, said the prime minister will attend a special summit on Nov. 30-Dec. 3, which will be held by Communist Party of China with other political parties under Chinese President Xi Jinping’s theme, turning the world for the better and without interference.

Hun Sen will also meet Chinese President Xi Jinping and Chinese investors to talk aid and investment with the aim of creating more jobs in Cambodia, Sry Thamrong said. “Especially, we need more bridges on the Mekong River, we also need many more roads, train, sky train, these are the things that we need in the future,” Sry Thamrong told reporters at Phnom Penh International Airport before the departure.

China is already the biggest donor and its support has bolstered Hun Sen in the face of criticism of what his opponents say amounts to the destruction of democracy.

The opposition Cambodia National Rescue Party was banned earlier this month by the Supreme Court at the government’s request. That followed the arrest of its leader Kem Sokha for plotting to take power with American help. The United States has stopped election funding ahead of next year’s general election and threatened further concrete steps. The European Union has raised a potential threat to Cambodia’s duty free access.

China has supported Cambodia’s crackdown, making no criticism of the government, which is one of Beijing’s most important allies in Southeast Asia after more than three decades in power. — Reuters

GenSan joins USAID’s Cities Development Initiative

GENERAL SANTOS (GenSan) City Mayor Ronnel C. Rivera and United States Agency for International Development (USAID) Mission Director Lawrence Hardy II signed a Memorandum of Understanding on Nov. 27 for the city’s inclusion in the agency’s Cities Development Initiative (CDI). Under the program, USAID works with city governments outside Metro Manila for inclusive, sustainable, and resilient growth. “Today’s signing demonstrates both parties’ commitment and mutual responsibility to pursue inclusive and resilient economic growth in the city and surrounding localities,” said Mr. Hardy in a statement released yesterday by the US Embassy in Manila. Apart from GenSan’s economy, the CDI will also focus on the improvement of health and education, and strengthen environmental resiliency. “Aside from the benefits of receiving assistance on the most urgent needs of the city, we now have a partner who will provide a progressive perspective to help us achieve inclusive and resilient growth for General Santos City,” Mr. Rivera is quoted in the statement. Other USAID CDI partner cities are Batangas, Cagayan de Oro, Iloilo, Legazpi, Puerto Princesa, Tagbilaran, and Zamboanga. Meanwhile, Mr. Hardy also signed agreements with three higher education institutions in GenSan and South Cotabato for joint research activities for biodiversity conservation in Mindanao. The USAID official also met with the Department of Environment and Natural Resources’ Regional Protected Area Management Board to identify new ways, including through private sector engagement, to conserve and manage the region’s natural resources. — Mindanao Bureau

Trade dep’t sees 2018 manufacturing growth of 10% within reach

THE Department of Trade and Industry (DTI) expects 10% growth in 2018 for the manufacturing sector to be within reach, amid a series of programs to revive industry.

Trade Secretary Ramon M. Lopez told reporters on the sidelines of the Manufacturing Summit 2017 at the Fairmont Hotel in Makati that he expects manufacturing to grow at a steady pace until the end of the Duterte administration, aided by the department’s manufacturing resurgence program (MRP).

“So, 9.4% [is where we are at now and] it’s not far-fetched that we can sustain [it] to 10% to 11% if you ask me. But… we have to put up certain policies,” he added.

The manufacturing sector posted 9.4% growth in the third quarter, the highest in seven years. DTI data show that the manufacturing sector accounted for at least 25% of gross domestic product.

In his keynote address, Mr. Lopez discussed DTI’s new industrial strategy, focused on technology-based and high-value products.

“That’s why [all the sectors] should push for innovation so that they will have value added, it’s unacceptable that we will not be relevant anymore,” he added.

On the government’s side, the DTI is looking into products which can be locally manufactured to substitute for imports.

It is also pushing hard on the MRP, which includes the Comprehensive Automotive Resurgence Strategy (CARS) program which gives incentives to three car companies that will be assembling vehicles in-country.

DTI Assistant Secretary Rafaelita M. Aldaba said that Toyota Motor Philippines, one of the CARS program participants, will also start with local assembly of Vios small cars. Mitsubishi Motors Philippines Corp. has started locally producing its Mirage small car.

The third slot for the CARS program will be given to the manufacturer selected to supply the Department of Transportation’s public utility vehicle modernization program. Ms. Aldaba added that DTI still expects the program to produce one million locally assembled vehicles a year.

Ms. Aldaba also said that the DTI is launching an industrial human resources project, which forms phase two of the department’s industrial strategy plan from 2018 to 2021, to identify key skills needed for various industries. — Anna Gabriela A. Mogato