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Alibaba doubles investment in Southeast Asia e-commerce firm Lazada

Shanghai, China — Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia’s leading online shopping firm, boosting its regional expansion.

Alibaba, which already owns 83% of Lazada with two investments totaling $2 billion as of June last year, has been trying to acquire both online and offline assets to further bolster its business.

Lazada operates in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam and has 560 million consumers in the region.

One of Alibaba’s founders, Lucy Peng, will take over as chief executive officer of Lazada. Peng is already chairwoman of the Southeast Asia firm.

“With a young population, high mobile penetration and just 3 percent of the region’s retail sales currently conducted online, we feel very confident to double down on Southeast Asia,” Peng said.

Lazada founder Max Bittner said Alibaba’s “new commitment of capital and resources is good for Lazada and good for the Southeast Asia e-commerce market”.

Peng is also the chairwoman and chief executive of Alibaba’s affiliate Ant Financial, which is planning a separate public offering. — AFP

Former NPA members form livelihood cooperatives

FORMER MEMBERS of the New People’s Army (NPA), the armed wing of the communist movement, from Compostela Valley have formed livelihood associations to secure assistance from the government.

First Lieutenant Jhocell D. Asis, 71st Infantry Battalion civil military operations officer, said in a statement that about 200 ex-NPA rebels have organized three groups that are now registered with the Department of Labor and Employment. Mr. Asis said by forming these livelihood groups, the former rebels have qualified to become beneficiaries of the Community Support Program, which is part of the military’s Development Support and Security Plan.

Last week, the Medium Scale Industries Coordinated Action Program Foundation, Inc. held   a consultation with the groups on what projects they plan to pursue and how they can access government assistance. Mr. Asis said some of the proposals were in agriculture and small-scale trading. “(Funding) will be awarded upon the completion and approval of livelihood proposals,” he said. — Carmelito Q. Francisco

Zamboecozone approves San Ramon Newport feasibility study

THE Zamboanga Economic Zone and Freeport Authority (Zamboecozone) board has approved the final version of the feasibility study of the San Ramon Newport Project.

Christopher Lawrence S. Arnuco, Zamboecozone chairperson and administrator, said in a statement that they have also accepted the mode of procurement under a build-operate-transfer scheme, to be assisted and closely supervised by the Public-Private Partnership (PPP) Center.

“The project is now with the Public-Private Partnership (PPP) Center for them to prepare the presentation and defense before the Investment Coordination Committee (ICC) and the NEDA (National Economic and Development Authority) Board for President (Rodrigo R.) Duterte’s approval,” Mr. Arnuco said. The San Ramon Newport Project aims to improve the competitiveness of the Zamboecozone through a world-class facility that will link resources, markets, and other logistical activities that can contribute to the economic development of Zamboanga City and the rest of Mindanao. — Albert F. Arcilla

Duterte congratulates Putin on reelection

PHILIPPINE President Rodrigo R. Duterte has congratulated Russian President Vladimir Putin on the heels of his “fresh mandate to lead the Russian people,” the Department of Foreign Affairs (DFA) said in a statement on Monday.

A report by Reuters said Mr. Putin “basked in a landslide re-election victory on Monday, after extending his rule over the world’s largest country for another six years at a time when his ties with the West are on a hostile trajectory.”

“President Duterte extends the warmest congratulations of the Filipino people to President Vladimir Putin on his reelection,” Foreign Affairs Secretary Alan Peter S. Cayetano said in a statement issued shortly after arriving from Sydney where he attended the ASEAN-Australia Special Summit.

“As he resumes performance of his duties, President Duterte wishes President Putin more success in leading Russia to greater progress and in advancing the cause of peace and security in our region and in the larger international community,” Mr. Cayetano said.

He added: “We also look forward to working more closely together to strengthen ASEAN-Russia dialogue relations and to advance our common interests in multilateral fora including the United Nations.”

The elections in Russia, the DFA said, were observed by two senior officials of the Commission on Elections who were among several foreign delegations invited to observe the polls.

Mr. Duterte has described Mr. Putin as an “idol” of his in an interview with CNN. The two leaders met in bilateral talks at last year’s Asia-Pacific Economic Summit in Vietnam. — with Arjay L. Balinbin

Palace clarifies Duterte interview was interview with impersonator

By Arjay L. Balinbin

MALACAÑANG’S News and Information Bureau (NIB)-Transcription Section on Monday, March 19, erred when it released an official transcript of a radio interview supposedly of President Rodrigo R. Duterte who turned out to be his impersonator, DZRH’s Bicol correspondent Jun Alegre.

The transcript emailed to Palace reporters at 11:13 a.m. Monday was titled “Interview with President Rodrigo Roa Duterte by Deo Macalma, Rica Herra, Isyu/DZRH.”

Special Assistant to the President (SAP) Christopher “Bong” T. Go was a studio guest while Mr. Duterte’s impersonator was on the telephone.

“Mr. President, sir magandang umaga. Pasensiya na po at nandito muna si Secretary Bong Go,” said Mr. Macalma. (Mr. President, good morning. Our apologies, Secretary Go is with us now.)

Mr. Alegre, who was impersonating the President, said he supports Mr. Go in his possible Senatorial bid.

Itaas na ninyo ang kamay niyan. Itinaas ko na ang kamay niyan,” Mr. Alegre said. (You raise his hand. I already raised his hand).

Mr. Go, who went along with the interview, responded: “Janitor lang muna ako. Wag muna nating pag-usapan iyong senator. Magpaiwan muna akong janitor, kasi mas maganda iyong janitor, all around tayo at puwede tayong makatulong, all-around utility man.” (I will just be a janitor. Let’s not talk about senator. I’m okay with being a janitor. It’s better being a janitor. All around, I can help. I’m an all-around utility man.)

At 1:22 p.m., the News and Information Bureau emailed an erratum to media.

“The transcription titled ‘Interview with President Rodrigo Roa Duterte’ by Deo Macalma and Rica Herra over DZRH on March 19, 2018 should read ‘Interview with Impersonator of President Rodrigo R. Duterte.’ Apologies for the error-NIB Transcription Section.”

Saudi Prince, Duterte affirm commitment against terrorism

By Arjay L. Balinbin

THE Kingdom of Saudi Arabia’s (KSA) Prince Abdulaziz bin Saud bin Naif was in Manila on Monday, March 19, assuring President Rodrigo R. Duterte in their meeting that the government of Saudi Arabia is ready to combat violent extremism and terrorism.

Prince Abdulaziz, who also serves as Saudi Arabia’s Minister of Interior, was on his last day of his three-day official visit in the country, the Presidential News Desk (PND) said in a statement.

“The Prince conveyed the readiness of KSA to combat violent extremism and terrorism,” Presidential Spokesperson Hermino Harry L. Roque, Jr. said in a separate statement.

The President, for his part, according to Mr. Roque, thanked the Prince for the visit and reaffirmed the commitment of the Philippines to the fight against terrorism and violent extremism.

“The Prince conveyed the deep respect of the Saudi King for the President’s strong and decisive action that led to the liberation of Marawi from extremists and terrorists,” Mr. Roque added.

The President’s spokesman described the meeting between the Saudi Prince and the Philippine President as “very warm and cordial.”

The Prince, Mr. Roque added, “conveyed the personal and warm wishes of His Majesty and the Custodian of the Two Holy Mosques King Salman to the President.”

“The Prince reaffirmed the importance of the Philippines to Saudi Arabia.”

Mr. Duterte also told Prince Abdulaziz that there is “a need to expand cooperation across many fields, especially in security, trade and investment, as well as in promoting the rights, safety and well-being of Filipinos.”

In honor of the Prince, Mr. Duterte hosted a luncheon at the President’s hall.

“Over a specially prepared Filipino inspired menu, the two discussed the strengthening bilateral relations and issues of mutual importance, particularly in law enforcement, peace and order and security,” Mr. Roque said further.

Among the Cabinet officials who accompanied the President, the PND said, “were Executive Secretary Salvador C. Medialdea, Labor Secretary Silvestre H. Bello III, Defense Secretary Delfin N. Lorenzana, Interior and Local Government officer-in-charge Eduardo M. Año, National Security Adviser Hermogenes C. Esperon, and Special Assistant to the President Christopher Lawrence “Bong” T. Go.”

The PND likewise said the Saudi Prince “arrived in the country last Saturday, and he also met with several Philippine officials over the weekend.”

House approves divorce bill on final reading

By Minde Nyl R. Dela Cruz

THE House of Representatives passed on third and final reading a bill which seeks absolute divorce with a vote of 134-57-2 amid President Rodrigo R. Duterte’s rejection of the measure.

House Bill 7303, sponsored by Cavite Rep. Sol Aragones, Albay Rep. Edcel C. Lagman, and Gabriela Rep. Emmi De Jesus, grants dissolution of marriage for “irremediable failed marriages.”

The bill aims to “protect the children from the pain and stress resulting from their parents’ marital problems” and to “grant the divorced spouses the right to marry again.”

Caloocan Rep. Edgar R. Erice, who voted no, said: “Sa palagay ko, marami pang ibang mga batas na pwede tayong gawin upang protektahan ang mga naaapi sa loob ng kasal. Marami pa tayong mga batas na pwedeng gawin upang parusahan ‘yung mga nagkakamali na pumapaloob sa sakramento ng kasal. Marami pa po tayong pwedeng gawin para mapalakas ang pagsasama ng mga taong pumapaloob sa sakramento ng kasal.”

(I think we can craft other laws to protect those who are abused in marriage. We can do other laws to punish those who err while under the sacrament of marriage. We can do more to strengthen the relationship of the people under the sacrament of marriage.)

Cebu Rep. Raul V. Del Mar, who also voted in the negative, reiterated that divorce is against the Constitution.

“Divorce does not protect the state. Divorce harms and destroys the family,” Mr. Del Mar said, citing Section 2 of Article XV.

However, Ms. De Jesus reiterated that the bill is not a religious issue and will provide additional remedies to failing marriages.

Under the proposal, the court proceedings shall be inexpensive and affordable. Summary judicial proceedings shall also be granted on certain grounds, including de facto separation for five years, legal separation, bigamous marriage, if a spouse is imprisoned at least six years, and if one of the spouses has undergone sex reassignment surgery.

Senate President Aquilino Martin L. Pimentel III, for his part, said, “Dissolution of marriage is a new concept hence give us time to study it.”

House panel finalizing bill on BBL

By Minde Nyl R. Dela Cruz

THE House committee on local government is finalizing its substitute bill on the proposed Bangsamoro Basic Law (BBL) which the committee hopes to get approved before the sine die adjournment in June.

In a press briefing on Monday, Zamboanga Sibugay Rep. Wilter Wee Palma II, chairperson of the subcommittee tasked to review and harmonize the bills filed on BBL, said the committee is “still in the process of finalizing our substitute bill.”

“There are no problems with other issues or other provisions. We are just consolidating into one bill,” Mr. Palma said in a mix of English and Filipino, adding that the joint committee still has to meet with the mother committee to raise the contentious issues.

Among the contentious provisions of the BBL are the block grant and the definition of contiguous areas.

Mr. Palma noted that the question on whether BBL will counter Section 15, Article X of the 1987 Constitution, which formed the Autonomous Region of Muslim Mindanao (ARMM) and the Cordillera Administrative Region (CAR) as claimed by the Philippine Constitution Association (PHILCONSA), is one of the constitutional issues that the committee is also trying to resolve.

Mr. Palma stressed that BBL’s goal is to abolish the ARMM which was created under Republic Act (RA) 6734 or the Organic Law of ARMM and expanded by RA 9054. He said “there is no more Organic Law to speak of if mapasa ang Bangsamoro Basic Law (is passed).”

The committee on local government, chaired by South Cotabato Rep. Pedro B. Acharon Jr., together with the committee on Muslim affairs and the special committee on peace, reconciliation, and unity, have completed 19 committee hearings and conducted 11 public hearings in different areas of Mindanao.

Senate approves on final reading bill on coco levy funds

By Camille A. Aguinaldo

THE SENATE on Monday approved on third and final reading the bill creating the coconut industry trust fund, which would allow farmers to directly benefit from coco levy funds collected by the government during Ferdinand E. Marcos’s regime.

Senate Bill No. 1233 or the proposed Coconut Farmers and Industry Development Act was approved with 19 affirmative votes, one negative vote by Senator Ana Theresia N. Hontiveros-Baraquel and no abstention.

The coconut levy trust fund bill seeks to convert the coconut levy assets amounting between P80 billion and P100 billion into a trust fund for farmers and the coconut industry.

It was co-authored by Senators Cynthia A. Villar, Ralph G. Recto, Francis N. Pangilinan, Paolo Benigno A. Aquino IV and Hontiveros. It was identified by the Legislative Executive Development Advisory Council (LEDAC) as among the priority bills of Congress.

The bill was originally sponsored and authored by Mr. Pangilinan, who said he voted for the measure’s approval with reservation given the major amendments introduced during the second reading.

The proposed measure adopted the amendment introduced by Mr. Recto, which would reconstitute the Philippine Coconut Authority (PCA) to reflect the proposed membership of the Trust Committee tasked to manage the coconut levy trust fund.

Membership in the PCA Board would be amended to include six representatives from the coconut farmers to be appointed by the President.

The bill initially called for the creation of a Trust Fund Committee composed of five government officials and six farmer representatives. This was later scrapped during the second reading.

“Despite all of these, I am still confident and hopeful, that this august chamber, and its representatives as a Senate Panel to the Bicameral Conference on the Coconut Farmers and Industry Development Bills, will see and appreciate the aspirations of our coconut farmers,” Mr. Pangilinan said.

According to the bill, the trust fund would be utilized for coconut farm improvements, to encourage self-sufficiency among farmers, programs for shared facilities, scholarship programs and initiatives for the empowerment of coconut farmers’ organizations and their cooperatives.

The trust fund would also be appropriated through the General Appropriations Act, which was also contrary to the original proposal for “an off-budget source of funds for programs and projects identified in the Coconut Farmers and Industry Development Plan.”

“The negative consequences of such a process is that, which I continue to hope would not happen, the funds will be appropriated for programs and projects that may not be identified in the Coconut Farmers and Industry Plan,” Mr. Pangilinan said.

For her part, Ms. Villar said the bill would require “the investment of the trust fund only in Philippine government securities to ensure the safety of the fund and for assured reasons.”

“We are confident that with safeguards and reforms in place, we can finally see the day when poverty incidence is no longer the highest among our coconut farms,” she said.

Nation at a Glance — (03/20/18)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.

Araneta Center eyes completion of P3-billion Cubao office tower by October

Araneta Center, Inc. (ACI) looks to complete its P3-billion office tower in Cubao, Quezon City by October, banking on business process outsourcing (BPO) firms and offshore gaming companies to locate in the area.

The company topped off on Monday, March 19, Cyberpark 2 Tower, which covers a gross leasable area of 71,000 square meters (sq.m.) across 31 floors. Two storeys are allotted for retail areas, while another three will be for basement parking. ACI has tapped Megawide Construction Corp. to construct the tower.

The tower has also been registered with the Philippine Economic Zone Authority, granting locators tax incentives when they locate in the building.

“(This will be) an answer to businesses that are saddled in congested business districts and looking to the north for options and solutions,” ACI Senior Management Consultant Rowell L. Recinto said during the topping off ceremony.

ACI said the tower will be partially completed by July, by which time the building will be opened to tenants. As of now, half of Cyberpark 2’s space has already been leased out to tenants, with the company continuing negotiations with other firms to locate in Cyberpark 2.

The tower is ACI’s second building in the eight-hectare Araneta Center complex, following Cyberpark 1 which has a GLA of 66,000 sq.m. The two towers bring ACI’s gross floor area in the complex to 200,000 sq.m.

The company is targeting both BPOs and offshore gaming firms for both towers, noting its prime location given its vicinity to major transport networks such as the Metro Rail Transit Line 3, Light Rail Transit Line 2, and terminals for provincial buses and jeepneys.

Also located in the Araneta Center complex is Manhattan Garden City, an 18-tower residential complex that has yet to be completed. The towers also stand within Smart Araneta Coliseum and Kia Theatre, which host around 300 shows every year; the Gateway Mall with around 2,000 shopping and dining retailers, and the Novotel Manila-Araneta Center.

ACI said the mix of office, residential, retail, and entertainment centers in the complex is the company’s answer to the live-work-play lifestyle being offered by other developers today. — Arra B. Francia

Oil slips as US shale fears untempered by Russian reassurance

Oil slipped as U.S. explorers resumed their drilling binge, raising concerns over whether output cuts by OPEC and its allies will be enough to clear a glut despite a pledge from Russia that it’s committed to the curbs.

Futures in New York fell 0.4 percent after data showed American producers added oil rigs for the seventh time in eight weeks. U.S. output also continued to grow, touching a record 10.4 million barrels a day last week. Meanwhile, Russia’s assurance that it will prolong production cuts into 2019 if necessary failed to assuage fears over surging shale supplies.

Oil has been trading in a tight range near $60 this month as investors assess a shale boom, a possible trade war sparked by U.S. President Donald Trump and expectations that Venezuelan output will plunge. Rising American crude production is prompting speculation that the deal between OPEC and its partners would need to be extended well into 2019 to reach the group’s goal of reducing inventories to their five-year average.

“Initial weakness was spurred by the unrelenting march higher in U.S. shale supply,” said Tamas Varga, an analyst at PVM Oil Associates Ltd. in London.

West Texas Intermediate for April delivery, which expires on Tuesday, fell as much as 40 cents to $61.94 a barrel on the New York Mercantile Exchange and traded at $62.08 as of 10:04 a.m. London time. The contract rose $1.15 to $62.34 on Friday, driving futures to a 0.5 percent weekly gain. Total volume traded Monday was about 45 percent below the 100-day average.

Brent for May settlement fell 24 cents to $65.97 a barrel on the London-based ICE Futures Europe exchange, after climbing $1.09 on Friday. The global benchmark traded at a $3.83 premium to WTI for the same month.

Russia is committed to seeing the output-cuts accord through to completion, whether that means starting discussions about an exit strategy at a scheduled meeting in June or prolonging the curbs into 2019, Energy Minister Alexander Novak said in a Bloomberg television interview. When the time is right to end the cuts, it should be done gradually, he said, echoing comments from his Saudi counterpart earlier this month.

While Novak said he isn’t worried about the growth in shale, investors weighed the U.S.’s growing presence in oil markets. U.S. crude explorers added four rigs last week, bringing the total to 800, according to Baker Hughes data released Friday. — Bloomberg

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