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Lawmakers say closing Boracay for a year will do more harm than good

Senators on Friday, March 16, expressed their dismay over the recommendation of the Department of Environment and Natural Resources (DENR), Department of Interior and Local Government (DILG) and Department of Tourism (DoT) for a one-year total closure of Boracay Island for rehabilitation.

“A one-year total closure may not be the best solution for the island and its locals,” said Senator Maria Lourdes Nancy S. Binay in a statement, noting that the three government agencies seemed unaware of the potential job losses their decision would result.

“A phase-by-phase rehabilitation where government can strictly enforce the law and at the same time implement the needed corrective measures could be the better option for Boracay,” she added.

Ms. Binay, who chairs the Senate committee on tourism, also noted that the government did not mention any concrete plans for stakeholders that could be possibly displaced from the recommendation

“We want the island to breathe the same way we want the people of Boracay to live,” she said.

For his part, Senator Sherwin T. Gatchalian, chair of the Senate committee on economic affairs, offered alternative measures to solve the environmental problems in the country’s top tourist destination.

He said the government could consider shutting down erring business establishments only and filing administrative cases against negligent local officials.

“A complete shutdown of the island will displace 30,000 direct and indirect workers who are considered low-skilled workers. Poverty and hunger will also worsen if unemployment will rise,” Mr. Gatchalian said.

For his part, Senator Emmanuel Joel J. Villanueva, chair of the Senate committee on labor, employment and human resources development, warned that the full closure may cripple the tourism industry.

He urged the national government to simply ensure the compliance of business establishments with environmental laws, such as the Clean Air Act, Clean Water Act and Solid Waste Management Act.

DENR Secretary Roy A. Cimatu has said the total closure of the island from tourism would give them the “ample time” to implement measures restoring and sustaining the tourist destination.

Meanwhile, the management of D’Mall of Boracay belied allegations that its establishment was built on wetlands, noting that its location was “composite of lands that were classified as Commercial, Agricultural, Residential and Cocal.”

It also clarified that the mangrove and swamp area identified as wetlands is located in a lake across the Boracay road from D’Mall.

“It’s imperative that our establishments in Boracay conduct business in a manner that’s environmentally sustainable and socially responsible,” said D’Mall head of legal and regulatory compliance group Rudolph Jularbal, adding that the establishment has secured its environmental compliance certificates (EECs) from the DENR. — Camille A. Aguinaldo

LT Group net income climbs 15% in 2017

LT Group, Inc. reported a net income of P10.83 billion in 2017, higher by 15% compared with P9.39 billion in the earlier year and with its banking unit accounting for nearly half of earnings, the listed holding firm told the stock exchange on Friday.

Philippine National Bank (PNB) accounted for P4.83 billion of the total attributable income, or 45% of the total, with the tobacco business accounting for 40% or P4.39 billion.

Tanduay Distillers, Inc. contributed P631 million or 6%, while Asia Brewery, Inc. made up P551 million or 5%. Eton Properties Philippines, Inc. accounted for P348 million or 3%, while Victorias Milling Co., Inc., where the firm has a 30.9% stake, provided P174 million or 2%. — Victor V. Saulon

Philippines makes withdrawal from ICC official, submits notice to UN

The countdown for the one-year withdrawal period of the Philippines from the International Criminal Court (ICC) started Friday, March 16, as the country formally transmitted its notice to the international body that it has decided to opt out of the Rome Statute.

“The decision to withdraw is the Philippines’ principal stand against those who politicize and weaponize human rights, even as its independent and well-functioning organs and agencies continue to exercise jurisdiction over complaints, issues, problems and concerns arising from its efforts to protect its people,” the letter addressed to UN Secretary-General António M. Guterres stated.

Foreign Affairs Secretary Alan Peter S. Cayetano said the withdrawal was formally conveyed in a note verbale that Philippine Permanent Representative Teodoro Locsin Jr. handed over to the UN Secretary General Chef de Cabinet Maria Luiza Ribeiro Viotti in New York. — Camille A. Aguinaldo

Pimentel: Push for charter change not about extending Duterte’s term

Senate President Aquilino ‘Koko’ L. Pimentel III on Friday, March 16, allayed concerns by some groups in Baguio City over the purported intentions of Congress to fast-track charter change in order to extend the term of President Rodrigo R. Duterte.

“Our party (referring to PDP-Laban) has been advocating for federalism since 1982… This is not for the President.. Don’t be afraid of the ghost that isn’t really there,” he said during the Senate hearing on charter change at the University of the Cordilleras in Baguio City.

The Senate committee on constitutional amendments and revision of codes, chaired by Senator Francis N. Pangilinan, is on the fourth leg of regional consultative hearing on charter change in Baguio City. Among the other senators present during Friday’s Senate hearing are Senators Paolo Benigno A. Aquino IV, Panfilo M. Lacson and Maria Lourdes Nancy S. Binay. — Camille A. Aguinaldo

Business group calls for due process on Sereno impeachment case

Makati Business Club (MBC) on Friday, March 16, urged political and judicial leaders to let the Congress “follow the impeachment process set forth in the Constitution” against Chief Justice Maria Lourdes P.A. Sereno.

In a statement, MBC said: “Regardless of the outcome of the process, giving the chief justice the chance to defend herself within our constitutionally-defined process is essential to demonstrate this country’s respect for the rule of law and to assure all Filipinos that we are protected by our laws.”

“It is absolutely essential for businesses that laws and contracts will be upheld for them to invest and create more jobs which is what will ultimately reduce poverty in a sustainable way,” the business group added.

Solicitor-General Jose C. Calida last week filed a quo warranto petition before the Supreme Court to question the validity of Ms. Sereno’s appointment over her alleged failure to submit complete statement of assets, liabilities, and net worth (SALN) as required by the Judicial and Bar Council (JBC).

Oriental Mindoro Rep. Reynaldo V. Umali, who chairs the House justice committee, earlier noted that the quo warranto petition has no effect on the impeachment case.

House Majority Floor Leader Rodolfo C. Fariñas also said that the Supreme Court could have already decided on the quo warranto petition even before the lower chamber could vote on the impeachment in the plenary as the Congress will go on a Holy Week break starting March 21.

Opposition lawmakers, meanwhile, noted that stalling of the House panel on the impeachment proceedings is an indication of a weak case.

Last year, MBC already criticized the series of impeachment cases against top government officials, noting that this may have “unfavorable impact” on the government’s socioeconomic agenda. — Minde Nyl R. Dela Cruz

No deadline set for ending ‘endo’ — Labor official

An official of the Labor department on Friday, March 16, said there was no deadline set for the signing of the executive order (EO) being pushed forth by labor groups to end contractualization or “endo,” as promised by President Rodrigo R. Duterte during his election campaign.

“The President did not deny the fact that he made that commitment to end endo or contractualization in his campaign. However, the executive order was prepared by labor groups. The President said he will have it studied first so wala naman pong (there was no), as far as the EO, wala naman pong sinet na (there was no set) deadline,” Department of Labor and Employment (DOLE) Undersecretary Jacinto V. Paras said in a press conference on March 16.

However, DOLE Secretary Silvestre H. Bello III was quoted last month as saying that the EO will be signed “by March.”

“As a matter of fact, I can speak being the undersecretary that handles the legislative, we are actually pushing for the passage of a law that would end contractualization,” Mr. Paras said.

“From my personal point of view, maski mag-issue ka ng (even when you issue an) EO, tapos biglang magpasa ‘yung Congress ng batas (then Congress passes a law), the law will prevail. There is a conflict in the EO that they are pushing versus the law, eh ‘yung batas ang magpe-prevail (the law shall prevail),” he added. — Minde Nyl R. Dela Cruz

Philippines, Japan sign first tranche of loan deal for subway line

THE PHILIPPINE government and the Japan International Cooperation Agency (JICA) inked on Friday, March 16, the first tranche of the loan agreement for the 25-kilometer Metro Manila subway.

The loan amounts to 104.53 billion yen, or $935 million, and carries a 0.1% interest rate per annum for non-consulting services and a 0.01% per annum for consulting services inclusive of a 40-year concession period and a 12-year grace period.

“As the Philippines’ trusted partner in development for many years, JICA offers our support to the construction of the subway project so the Philippines can sustain its growth trajectory, and improve the quality of life of many Filipinos through seamless mobility and connectivity,” newly appointed JICA Chief Representative Yoshio Wada said in a statement.

The subway project is one of the government’s solutions to mitigate Manila’s road congestion, which is estimated by Japan’s aid agency to cost the economy P3.5 billion daily.

BPI secures PSE approval to conduct stock rights offering in April

Bank of the Philippine Islands (BPI) said it obtained the approval of the Philippine Stock Exchange (PSE) to conduct a stock rights offering (SRO) to fund its business expansion.

In a disclosure to the local bourse on Friday, the Ayala-led BPI said the PSE approved its rights offering that would raise up to P50 billion.

The price of the rights will be announced on March 27, while the offering will be conducted from April 16 to 25.

The SRO is open to eligible existing common shareholders of the bank as of April 6.

Ayala Corp. (AC), one of BPI’s principal shareholders, has expressed its support for the bank’s rights offering, saying it will exercise it preemptive rights. This entails AC to purchase additional shares prior to the general public offering.

According to BPI, the proceeds from the capital raising exercise will be used to fund the expansion of its loan growth particularly in the consumer, small to medium enterprises and microfinance segments. — Karl Angelo N. Vidal

Janet Lim-Napoles placed under DOJ’s witness protection program

Alleged pork barrel scam mastermind Janet Lim-Napoles has been placed under the Department of Justice’s (DoJ) Witness Protection Program (WPP), Justice Secretary Vitaliano N. Aguirre II revealed in a radio interview on Friday, March 16, with DZBB Super Radyo.

Ms. Lim-Napoles, along with several other high ranking government officials, is allegedly involved in the misuse of an estimated P10 billion from the government’s Priority Development Assistance Fund — approved funding given to each member of Congress for projects.

DoJ Undersecretary Erickson H. Balmes on Friday confirmed via a text message to reporters that Ms. Lim-Napoles was now under provisional coverage of the WPP. — Dane Angelo M. Enerio

Canva Manila is pushing a new work culture, with face masks

Imagine a day in a week where everyone in your office drops their work to put on face masks. Yes, face masks. Or, imagine a Friday where employees into music randomly play instruments in one corner.

For the longest time, the term “corporate setting” has been synonymous with “toxic environment” because people feel trapped in their 9‑to‑5 work schedule. In the case of Canva Manila, however things are pretty different. The local office of the Sydney‑based graphic design startup is considered to be among the coolest offices in the metro today. From colorful murals that bring youthful vibe to the three‑storey office to free scrumptious meals prepared by its in‑house chefs for all employees, Canva’s local office located in Makati has all the best things to offer to its people. But there’s more to it than its aesthetically appealing setting.

Since the company opened in the Philippines in 2013, the team tasked to head it has been playing around ideas to make its Filipino talents comfortable at work. After all, the local team has the herculian task that is very crucial to the company’s operation: they curate ALL of the creative templates and designs available on the website.

And so to foster growth and productivity, the company maintains an “open work environment.”

“We have an absolute full spectrum of word class team members here in our Manila office,” Canva’s CEO and co‑founder Melanie Perkins told SparkUp in an interview during a media event that the company organized last March 8 in its local office. “The kind of environment that we really try to create here is really an open, transparent, and creative one and our current office environment really embodies those characteristics.”

This effort to maintain a healthy work culture, Perkins added, is “useful because that means everyone in the company has context on everyone else’s goals,” which the company use to continue striving as it expands its operation worldwide. The platform is currently available in over 100 languages in 190 countries.

“We’ve always considered that our office environment is a critical part of our culture and it says the same about creativity,” she said. “Even on our earliest days we would always have lunch together, and that is a tradition that we continue today.”

Also part of this initiative, Canva Manila’s more than 97 Filipino employees are currently grouped into different clubs depending on their interests. Every week, each clubs have the freedom to organize an event in the office, with all the expenses shouldered by the company.

Examples of these groups are “GGSS Club” consists of employees who are into cosmetics, “Music Club,” “Toast Masters,” “Craft Makers,” and “Cooking Club,” to name a few. Just recently, these clubs collaborated to organize a 90’s‑themed prom for the whole office.

According to Kei San Pablo, Canva Manila’s country manager, the idea is part of the company’s initiatives to create an “organic yet collaborative culture.”

“There is a perception that work can be stressful and that startup life is super fast,” San Pablo said. “When you give the people the freedom to work, like in our office we have an open environment, you have your own seat but you can work anywhere. When you give the people that freedom all they have to worry about is to be creative and simply productive.”

It also “helps in making people feel that they’re part of a small community within the office,” she added.

“Everyone is in front of their computers, all busy, but they don’t look stressed and for us as a company it means that people enjoy what they’re doing. And when everyone’s attitude towards work is like that, their output can be very exceptional.”

While maintaining such culture is challenging, San Pablo said all the efforts are worth it once they reap the fruits of this initiative.

“We always say that we don’t dictate the Canva culture because we can never dictate what to do to 90 people, so what we do is just we have articulated our values,” she said. “What we stand up for, how we do things, and how we talk about things maybe different, but this is what we believe in, so it becomes natural for everyone to actually contribute or add value to the culture. It’s not easy, but it really helps a lot if everyone participates.”

 

Valuing Filipinos

Canva has been named a “unicorn” just last January after attaining an over $1 billion valuation, following a round of funding that brought $40 million to the company. Aside from the investments, Canva also generated profit from its services such as “Marketplace” where users pay to use photos from contributors, subscription‑based “Canva For Work” that allows users to utilize templates with specific branding features, and “Canva For Print” that enables businesses to design and print business cards faster, among others.

The company attributes a chunk of this success to its Filipino users and employees.

“One of the reasons why Canva decided to put an office in Manila is that when Canva started, the Filipino market was one of the top 10 users. We are really early adaptors,” she said.

While the company did not disclose the number of its current Filipino users, San Pablo said the Philippines is “still part of the top countries using Canva, especially since that we have an office here.”

“Everyone can really use Canva because it’s free, so the range of people who can use it is not targeted to certain markets. Everyone can use Canva, especially Filipinos, we are very high‑tech, so we take advantage of the tool.”

With its current milestone, the company is just expecting to continuously grow its business in more than 100 countries where it is available. In the Philippines, for instance, Canva is looking for more local employees, including engineers, a position that was not offered to Filipinos before.

“Our efforts to grow is really global because we market Canva as a product to the whole world, it’s not targeted to certain countries.”

“That’s what makes the company interesting; for most of the BPO‑style companies that we know here, Manila is just a part of what they’re doing as a whole, but here in Canva it’s very collaborative theres’ always someone here from Sydney, there’s always someone from Manila in Sydney.”

McCann Philippines dominates the Kidlat Awards

McCann Worldgroup Philippines hailed as the Agency of the Year at the Kidlat Awards 2018, while two of its creative iconswere inducted into theCreative Guild of the Philippines’ Hall of Fame.A first in the history of this award, two people from the same agency: McCann CEO, Mr. Raul Castro and its Executive Creative Director, Mr. Joe Dy were enshrined in the Hall of Fame in the recently concluded Ad Summit in Subic.

Lighting struck several times

McCann Philippines bagged the most number of Gold trophies in the course of the night including Kidlat Grand Prix for Maggi Magic Sarap’s Dim Dads’ “Pedro,” “Rufus” and “Ned” for its client, Nestle Philippines Inc. The campaign was also selected KBP Ad of the Yearby a panel assembled by the Kapisanan ng mga Brodkaster ng Pilipinas.

Maggi campaign earned four golds and several silvers, while the “Lives” radio campaign developed for the Fully Booked book chain, also got two golds along with a number of silver. Both campaigns had previously won at the top global award shows like the Cannes Lions, the Clio awards and the London International Awards.

The record breaking “Vow” of Jollibee won silver, while the rest of its Kwentong Jollibee Valentine’s Day series took bronze.

The Kidlat Awards is the most prestigious creative award-giving body in the Philippine advertising industry. It is the culminating event of the Ad Summit held every two years.

Icons on creativity and leadership

As per the nomination guidelines of the Hall of Fame, each nominee is required to fulfil the following requirements: 1. Have at least FIVE (5) Ad of the Year Awards or Five Gold Kidlat Awards (including Kidlat Diwa Awards) 2. Have at least THREE (3) GOLD METALS from any of the following international shows: Cannes, Clio, One Show, D&AD, Adfest, Spikes, New York Festival and London International Awards, and must have had a substantial contribution to the industry.

The famous Raul M. Castro is an internationally acclaimed, multi-awarded icon in the world of advertising. Backed with more than 20 years of experience and multiple successful marketing campaigns, he was able to steer McCann into even greater heights.

According to Castro, “the greatest thing of being where I am now is leading the people, pushing them and guiding them towards their discovery of thebest versions of themselves.” He is a self-appointed Chief Culture Officer, leading almost 300 experts, forming a powerhouse marketing communications agency, recognized both here and abroad for its stellar marketing strategies and award-winning advertising campaigns.

Aside from his winning team, he has been fortunate with clients who believed in him and his ideas, “To look at an idea that almost always look initially wrong, had back it up with millions of money to go ahead and prove itself right, that’s brave,” according to Castro. For him, “In a business climate as volatile as what our industry is facing, good work is our best defense and brave clients are our biggest fortune.”

McCann’s ECD Mr. Joe Dy, has been an active stalwart of the advertising industry for almost two decades. One of the most awarded creatives of his generation,Dy has been recognized for work acrossalmost all disciplines including film, digital, radio, outdoor, design, print,direct response and effectiveness.

Known to be generous with his ideas and sharing the spotlight, Dy shares in his speech, “I love seeing the people I work with specially the younger ones get a chance to shine, to score a big hit, go up on-stage and win the clients’ trust. I love seeing them realize the greatness we see in them.”

Castro and Dy have shaped and re-shaped creativity in their industry and are truly great forces in the field of advertising.

Jan. remittances rise fastest in 10 months, dip from Dec.

By Melissa Luz T. Lopez
Senior Reporter

CASH SENT HOME by overseas Filipino workers (OFWs) increased by the fastest year-on-year clip in 10 months in January even as the amount fell from December last year, according to data the central bank released on Thursday.

OFW cash remittances grew 9.7% to $2.379 billion in January from $2.169 billion a year ago, marking the fastest pace since March 2017’s 10.7% year-on-year increase.

However, January inflows declined by 13.21% from the record $2.741-billion remittances received in December, according to the Bangko Sentral ng Pilipinas (BSP).

Cash sent home by sea-based workers grew by 15.3%, while those from land-based OFWs increased by 8.4%, the BSP reported.

Remittance

The United States remained the biggest source of cash sent home via banks, with remittances from that country growing by 14.3% and contributing 4.6 percentage points to the 9.7% overall growth.

The other major contributors to remittances were the United Arab Emirates, Saudi Arabia, Singapore, United Kingdom, Japan, Qatar, Canada, Kuwait, and Germany.

These countries accounted for more than 80% of total cash remittances, the BSP noted.

“The faster growth in OFW remittances may be attributed to the pickup in global economic growth led by the US, the world’s biggest economy,” said Michael L. Ricafort, economist at the Rizal Commercial Banking Corp., said when sought for comment.

“The increase in global oil/commodity prices in recent months may have also improved the economies of some host countries of OFWs,” Mr. Ricafort added, pointing out that Filipinos working in the oil-rich Middle East likely benefitted from three-year-highs for oil prices.

The recent weakness of the peso against the dollar also provided an additional incentive for workers to send more cash home, in turn further fueling household spending that is an anchor of the economy.

The peso averaged P50.5087 to the greenback in January, coming from P49.7363 per dollar a year ago.

“With the greater US dollar equivalent of OFW remittances amid relatively higher value of the US dollar vs. the Philippine peso since the start of 2018, this results in greater peso proceeds of OFW remittances sent to the Philippines,” the analyst said.

“This will further boost consumer spending, which accounts for nearly 70% of Philippine economy.”

The central bank expects remittances to grow by another four percent to more than $29 billion this year. Last year, remittances grew by 4.3% to $28.06 billion.

Analysts at HSBC Global Research had said in a report earlier this week that they expect faster remittance growth this year, but flagged the OFW deployment ban to Kuwait ordered by President Rodrigo R. Duterte as a key risk.

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