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Anscor sells of stake in medical staffing firm

A. SORIANO Corp (Anscor) has sold the entirety of its stake in Cirrus Medical Staffing, Inc. (CMSI) for $36.85 million, it told the stock exchange on Friday.

The transaction was made after the listed firm’s wholly owned subsidiary IQ Healthcare Investments Limited, based in the British Virgin Islands, entered into a merger agreement with United States-based Webster Capital Management LLC for the sale of CMSI, which Anscor acquired back in 2008.

The deal involves 93.55% of the company’s shares in CMSI, which owns 100% of Cirrus Holdings USA, LLC, a company station in North Carolina with core interests in the contract and temporary staffing and permanent placement of nurses and allied healthcare professionals in the United States.

CMSI likewise owns Cirrus Global Services, Inc., a company incorporated in the Philippines providing finance and administrative support services.

Anscor said the deal would let them “realize investment,” as stated in the rationale for the transaction posted in the disclosure.

Earlier this year, Anscor also divested its stake in Enderun Colleges, a school based in Bonifacio Global City, Taguig, in favor of tycoon Dennis A. Uy.

Incorporated in 1930, Anscor has major investments in wire and cable manufacturer Phelps Dodge Philippines Energy Products Corp., and Seven Seas Resorts Leisure, Inc.

Anscor recorded a 15% decline in its net income attributable to the parent in the first half of 2017 to P741 million. The decrease was brought by an increase in its expenses, outpacing the 1.8% year-on-year increase in revenues to P5.56 billion.

Shares in Anscor rose by a centavo or 0.14% to close at P7.01 apiece at the Philippine Stock Exchange on Friday. – Arra B. Francia

Gov’t seizes illicit cases of cigarettes in Nueva Ecija

THE Bureau of Internal Revenue (BIR) and the National Bureau of Investigation (NBI) on Thursday seized hundreds of mastercases of illicit cigarettes in Nueva Ecija, the Department of Finance (DoF) said.

The joint operation in a Collette’s PX Store in Cabanatuan City saw 480 mastercases of cigarettes bearing no Internal Revenue stamps, indicating that no excise taxes have been paid.

“The store and the warehouse were raided following information that the said establishment has been selling cigarettes not affixed with BIR tax stamps,” the DoF said in a statement.

These included brands such as Two Moon, RGD, Black Bat, Twin Star, among others.

Currently the BIR and is still estimating the total value of the seized products, as well as persons who sub-leased the warehouse.

The Finance department said that the establishment was ordered closed following the raid, as provided under Section 172 of the National Internal Revenue Code.

According to the Tax Code provision, the BIR may “detain products when it has good reason to believe that the proper excise taxes were not paid.”

Finance Secretary Carlos G. Dominguez told reporters late Thursday that the government will file criminal cases against the persons involved.

This is the second bust of the BIR against tax evading cigarette firms, following the Mighty Corp. case – which led to a P25 billion compromise settlement deal with the government that eventually led to the scrapping of their criminal charges.

The BIR on Jan. 2018 will require all cigarette firms to adopt the updated Internal Revenue stamps that bear tightened security features, as stated in Revenue Regulations No. 6-2017.

It has also ordered the re-assignment of revenue officers who monitor the business operations of an establishments engaged in the manufacturing, importation, and export of excisable products through Revenue Memorandum Order No. 26-2017. — Elijah Joseph C. Tubayan

Peso rebounds from 11-year low on profit-taking

THE PESO rallied due to profit-taking ahead of the weekend, closing higher even as the dollar gained strength on the back of positive signals on US tax reform initiatives.

The local currency closed at P51.45 versus the greenback on Friday, gaining eight centavos from its P51.53-per-dollar close on Thursday, which was a fresh 11-year low.

The peso strengthened at the open at P51.48 per dollar, but weakened to as low as P51.57 throughout the day. Its best showing intraday was at P51.44.

Dollars traded were valued at $519.1 million, slightly lower than the $565.7 million that changed hands the previous day.

Traders said the peso initially plummeted following news in the US that the Senate approved a budget blueprint, which kicks off US President Donald J. Trump’s plan to cut taxes.

“The market saw news that the US Senate passed the budget blueprint, and I think that’s positive for the US,” a trader said in a phone interview.

Another trader said the dollar’s intraday strengthening was also due to the better than expected US jobless claims.

Reuters reported that unemployment claims dropped to its lowest level in more than 44 and a half years last week.

However, both traders said that the market decided to sell dollars as the foreign exchange market neared the close.

“But then, in the afternoon, profit-taking ahead of the weekend,” said the trader. – E.J.C. Tubayan

Philippine stocks down on profit taking

LOCAL STOCKS succumbed to profit-taking on Friday amid blurry Brexit negotiations, lackluster economic data from China, and developments in the US government’s push for further tax cuts.

The Philippine Stock Exchange index (PSEi) slipped 66.42 points or 0.78% to close 8,420.95, while the broader all-shares index declined by 36.68 points or 0.74% to finish 4,913.79.

“The combination of the political tensions in Europe [and] lackluster economic data from China [was] the main catalyst for the perceived overseas weakness of the market, even with robust corporate earnings gradually streaming in. Hence, the PSEi succumbed to profit taking once again today,” said Luis A. Limlingan, Head of Sales of Regina Capital Development Corp.

Negotiations between the United Kingdom (UK) and the European Union (EU) remains uncertain over the question of the governance of the Article 50 Withdrawal Agreement that will guarantee citizens’ rights on both sides of the border.

In a press conference yesterday, EU Chief Negotiator for Brexit Michel B. Barnier said that negotiations had hit a “deadlock” on UK’s financial obligations before exiting the bloc, prolonging the talks further.

Moreover, while the Chinese economy grew 6.8% in the third quarter of 2017, Mr. Limlingan said Beijing has been “slowly falling [year-on-year].” Data from the World Bank showed slowdown, slumping to 6.7% growth in 2016 from 10.6% recorded in 2010.

Meanwhile, Timson Securities, Inc. equities trader Jervin S. de Celis credited the profit taking to the passage of a US Senate budget resolution that will bolster President Donald J. Trump’s campaign promise of slashing taxes.

The US Senate has passed a budget vote that would allow Congress to bypass any opposing vote or filibustering from the opposing Democratic Party. Mr. Trump and Congress hope to put in place a package of tax cuts before January with the hopes of boosting economic growth, employment and wages.

“The US senate’s passage of a budget resolution triggered foreign investors to sell their shares in the local stock market,” Mr. De Celis said.

“The PSEi has also reached its all-time high recently so valuations are pretty expensive making investors pocket some gains ahead of the third quarter corporate earnings report on November,” he added.

All six sectoral indices ended the day in red. Mining and oil dropped 240.33 points or 1.83% to close at 12,932.01; industrials followed with a 110.78 point-decline (1.01%) to 10,820.63; financials slumped by 19.36 points or 0.93% to 2,067.90; property gave up 31.89 points or 0.81% to 3,920.68; holding firms decreased by 53.12 points or 0.61% to 8,683.79; and services slipped 1.97 points or 0.12% to 1,698.01.

Decliners outnumbered advancers 124 to 72 while 49 stocks remained steady.

Trading value was P10.17 billion on Friday, up from the P7.88 billion seen the other day as 906.29 million shares changed hands.

Net foreign selling persisted, increasing to P1.95 billion yesterday from Thursday’s P463.9 million.

The list of Friday’s 20 most actively traded stocks showed five gainers: SM Investments Corp. (0.98% to P979.50 apiece), Manila Electric Company (0.97% to P290.60), Metropolitan Bank & Trust Company (0.82% to P92.75), Philippine National Bank (0.86% to P58.60) and Lopez Holdings Corp. (0.34% to P5.86).

Decliners, on the other hand, were led by Ayala Corp (4.12% decline to P1,070 per share), GT Capital Holdings, Inc. (2.06% to P1,190) and Globe Telecom, Inc. (0.79% to P2,000). – Karl Angelo N. Vidal

ACPC gets higher budget

THE Agricultural Credit Policy Council’s (ACPC’s) budget for next year climbed by more than a fifth from 2017’s as the Department of Agriculture (DA) looks to boost efforts to providing loan access to farmers and fisherfolks.

Kaya nga siya tumaas ng tumaas kasi isa nga sa priority ni secretary ay yung access to credit,” ACPC’s Information Division Chief Emmalyn J. Guinto told reporters on the sidelines of the Kilos Sambayanan forum held Friday in Quezon City.

The Production Loan Easy Access (PLEA) program, the flagship credit plan of Agriculture Secretary Emmanuel F. Piñol, got the lion’s share of funding, she added.

PLEA is designed to fast-track the distribution of financial needs of small farmers and fisherfolk more conveniently.

Non-collateralized loans for agri-fishery production will be provided under the PLEA with rural/cooperative banks, cooperatives and non-government organizations (NGOs) as lending conduits.

While several loaning programs intended for the agriculture and fisheries sectors are available, the DA’s ACPC does not have the authority to directly channel the loans to beneficiaries.

Instead, loans are coursed through the Land Bank of the Philippines and rural banks, which are mandated to observe the loaning guidelines set by the Bangko Sentral ng Pilipinas.

Mr. Piñol has slammed the “tedious” process and “stringent” requirements imposed by these banks before loans are disbursed.

He also lamented high interest rates and the “unrealistic” short loan maturity period has led to ballooning debt of farmers, discouraging the to access capital loans which are essential to boosting food productivity.

“Before kasi yung funds ng DA sa LandBank. As per AFMA (Agriculture and Fisheries Modernization Act of 1997), yung funds from the DA dadaan dapat sa government financial institutions. Pero ngayon through the GAA (General Appropriations Act), in-allow na dumaan sa mga cooperatives, cooperative banks. In-allow na rin sila maging lending conduit,” Ms. Guinto explained, noting that the new method is also allowed under the AFMA law. – Janina C. Lim

Makati Shangri‑La’s super genius hacks for leftovers

Don’t waste food,” my grandfather taught me, an absolute rule in our farming family. He believed that a family of fairies who bless the harvest live in every grain of rice, and to waste one would be disrespectful to the fairies and the farmers of course. (This teaching was reinforced with one spank for every single grain of rice left on your plate.) So we never wasted food in our family. It was an absolute no‑no. However, as I started living alone my fridge became filled with leftover rice, stale bread, leftover chicken, and an assortment of scraps because I didn’t always eat at home. And so I wasted a lot of food and made a lot of fairies cry.

If I could waste so much food living alone, just think of how much wastage your average hotel has. According to Makati Shangri‑la Hotel Manager Udo Wittich, who chatted with reporters who attended their World Food Day Celebration last October 16 at the hotel’s Circles Events Café, the luxury hotel used to waste seventeen sacks of rice daily! (My mind reeled as I tried to calculate how many times they would have been spanked by my grandfather and how many fairies have earned their wrath.) Since the hotel had made a conscious effort to reduce food waste, they have been able to reduce their rice wastage by 20 percent.

“Makati Shangri‑La takes an active participation in making the world a better place by promoting various sustainable practices and teaching how everyone in our local communities can do the same from home. Observing World Food Day is one of these best practices, which are all hinged on the organization’s corporate social responsibility and commitment to sustainability,” said Mr. Wittich.

The chefs of Makati Shangri‑la, led by Executive Chef Nicola Canuti shared some of the recipes that they have come up with using leftovers from the hotel’s buffet. These delicious dishes are also served at the Circles buffet, ensuring that they waste less food and feed more stomachs. While these recipes use hotel‑grade ingredients, the chefs an Mr. Wittich were kind enough to chat with us and provide alernative ingredients that we can find in our own refrigerators. And these dishes are so easy to prepare too!

“We feel saddened with the good ingredients going to waste. With this, we thought of simple but creative ways on how to make delicious and nutritious food with ingredients that are often disregarded,” said Mr. Canuti.

And so as they have shared their recipes with us, we will share these recipes with you, as well as the grocery alternatives for some of the ingredients. The bread pudding, by the way, would be absolutely perfect for Christmas time.

Art Samantha Gonzales

Green Mango Salad with Beef (or whatever you have with you)

Leftovers: Cooked beef (Makati Shangri‑la uses beef from their carving station).

INGREDIENTS

200 g   cooked beef
30 g    chopped cashew or peanuts
2 pcs   green mangoes
10 g    fresh coriander, chopped
5 g     mint, chopped
1 cup   lime juice (calamansi is a lime)
4 tsp   granulated sugar
4 tsp   fish sauce
1 tbsp   vegetable oil
1 pc    chili pepper thinly sliced (or more if you want it spicier)
1 cup   red onions, sliced

KITCHEN EQUIPMENT

A knife, a bowl, that’s it.

PROCEDURE

    1. Toast nuts over medium heat until fragrant and golden, about 8 minutes; set aside.
    2. Peel mangoes and cut into strips.
    3. In a bowl, mix together the coriander, mint, lime juice, sugar, fish sauce, oil and chili. And the julienne of mangoes, red pepper and onion.
    4. Slice beef into strips and mix in.

Note: A Vietnamese family friend makes a similar recipe using basil leaves instead of coriander and mint, and boiled chicken instead of beef, plus rock salt.

Art Samantha Gonzales

Reuben Sandwiches

Leftovers: Bread, cheese, beef (also from Makati Shangri‑la’s carving station).

INGREDIENTS

2 slices   rye bread (or white bread, or toast)
2 tsp   butter at room temperature
2 tbsp   Reuben’s Russian Dressing (or Thousand Island dressing)
¼ cup   well‑drained, fresh‑style sauerkraut (cabbage strips cooked in vinegar and white wine, the flavor would be a bit similar to atsara)
2 ounces   thinly sliced Gruyere or Swiss cheese (or the hardened cheese product in your fridge)
¼ pound   thinly sliced beef

KITCHEN EQUIPMENT

A bread toaster/sandwich maker/non‑stick pan.

PROCEDURE

  1. Toast bread on both sides.
  2. Spread a tablespoon of dressing over two slices of bread, add the sauerkraut and the beef. Cover with cheese.
  3. Grill until the cheese has melted (Chef Canuti used a blowtorch for this. SparkUp does not promote the making and use of improvised blowtorches. Please grill the cheese as you usually would until it’s nice and soft).
  4. Slap another piece of bread on top of this one. Enjoy.

Art Samantha Gonzales

Mushroom Arancini

Leftovers: Rice, bread to make breadcrumbs.

INGREDIENTS

500 g   stale rice (bahaw, beshie)
300 g   mushroom (button mushroom/shiitake mushroom/any mushroom as long as you’re absolutely sure that it’s edible)
30 g   butter
20 g   parmesan cheese/mozzarrella balls (or whatever cheese you have in your fridge)
1 pc   egg
40 g   flour
50 g    old bread
salt

KITCHEN EQUIPMENT

Deep‑fryer/large saucepan, refrigerator.

PROCEDURE

  1. Chop the mushrooms into small pieces and gently stir into the cooked rice. Add the butter and the parmesan, then stir to mix well. Taste and adjust the seasoning if needed then leave the risotto to cool.
  2. If using mini mozzarella balls, halve them. If using part of a large cheese ball or your good old fashioned grocery cheese product, cut into 0.5 cm cubes.
  3. Roll risotto into balls the size of golf balls. Push a piece of cheese into the middle of each ball, ensuring that the cheese is completely enclosed. Leave to set in the fridge from at least 30 minutes or overnight.
  4. Layout 3 bowls. Put a beaten egg in one, flour (seasoned with a pinch of salt and papper) in another, and breadcrumbs in the final one.
  5. Dip the rice ball into the flour and shake off any excess. Then dip it into the egg and allow excess to drip off. Finish by coating completely with breadcrumbs. Repeat until all your balls are covered.
  6. Heat the deep‑fryer to 170ーC or fill a large saucepan one‑third full with flavorless oil and heat. Deep‑fry ball in hot oil until it sizzles and turns brown (around 30 seconds).
  7. Deep‑fry the balls in batches for 2‑3 minutes until golden brown all over. Remove with a slotted spoon and drain on kitchen paper.
  8. Serve immediately. It tastes good with ketchup.

Art Samantha Gonzales

Italian Fried Rice

Leftovers: Rice, cooked meat (like breakfast ham).

INGREDIENTS

500 g   stale rice
100 g   white onion
100 g   zucchini (or aubergine a.k.a. talong)
100 g   cooked ham (or spam, or hotdog, or whatever’s there)
50 g    rosemary (thyme if you’re feeling French, basil works too)
salt and pepper

KITCHEN EQUIPMENT

Frying pan.

PROCEDURE

  1. Chop onions in brunoise and cook in olive oil. Put them aside, and in the same pan cook the ham cubes until brown and crispy. (If you want to cook them at the same time, cook the ham first then add the onions).
  2. Cut the zucchini into cubes and deep‑fry them in olive oil.
  3. Sauté all the ingredients together, season with salt and pepper. Simmer for five minutes and add rosemary.

Art Samantha Gonzales

Croissant Bread and Butter Pudding

INGREDIENTS

6‑8 pcs   croissants (or white bread, or pandesal, or whatever bread you have lying around)
50 g   raisins (you can also use chocolate chips)
300 ml   double cream
300 ml   milk
4 pcs   eggs
½ tsp   ground cinnamon (you can also use vanilla)
70 g   caster sugar

KITCHEN EQUIPMENT

Saucepan, oven.

PROCEDURE

  1. In a single tray, arrange a single layer of croissant chunks, slightly overlapping at the bottom of the dish. Scatter some of the raisins. Place another layer of croissant chunks on top and scatter over the remaining raisins. Press down gently.
  2. To make the custard, heat the cream and milk in a saucepan until the mixture almost comes to a boil. Remove from the heat. Whisk together eggs, ground cinnamon and sugar in a large heatproof bowl set over a saucepan of boiling water until the mixture has thickened and the whisk or beater leaves a trail when lifted. Remove from the heat and beat in the cream and milk until well mixed.
  3. Pour two‑thirds of the custard over the croissant and leave to stand for about 30 minutes or until the bread has soaked up all the liquid.
  4. Preheat the oven to 180葑.
  5. Add the remaining custard on top of the croissants and bake for 30 minutes.

BONUS RECIPE (Thank you, Mr. Wittich!)

Vanilla‑infused Sugar

INGREDIENTS

sugar
vanilla pods

KITCHEN EQUIPMENT

A jar.

PROCEDURE

  1. Put vanilla pod in an air‑tight jar of sugar.
  2. Shake.
  3. Leave for a week, longer if you want more flavor.
  4. Enjoy your vanilla infused sugar for your drinks and desserts! Sweet!

Self‑care Packet Vol. 5: Set a date with yourself

While Mental Health Awareness Week is over, we continue to take care of our selves. Here are this week’s tips.

Art Samantha Gonzales

Meditate on Spotify

Believe it or not you can meditate using Spotify. Spotify has an amazing podcast called Meditation Minis, 10‑minute meditations for anxiety, stress and sleep hosted by hypnotherapist Chel Hamilton. The meditations come from a wide variety of sources and do not subscribe to any particular religious ideology. There are currently 92 videos in her podcast, which includes titles like “A meditation for people who can’t relax,” “Crappy to Happy… how to think positive,” “heart blooming meditation.” Start your day and end your day with meditation, which studies have shown to increase happiness. The best part is it doesn’t cost a cent—just a few minutes and your 100% attention.

Art Samantha Gonzales

Take your vitamins

Vitamins support our body and safeguards it during stressful events. If you’re feeling tired or exhausted, get a good night’s sleep and then start the following day with vitamins like Berocca. Berocca contains a specific combination of B‑Vitamins, Vitamin C enhanced with added Calcium, Magnesium and Zinc which work in synergy to help your body release the maximum energy from the food you eat. Best taken in the morning, it helps improve mental sharpness and physical energy. Berocca is available in all drugstores and selected supermarkets nationwide in Orange, Citrus and Mixed Berries.

Art Samantha Gonzales

Eat well

Comfort food is one of the most accessible means to self‑care, pasta being a classic go‑to. Italian chef Chris Locher—the man behind My Kitchen by Chef Chris and Amare—labels our passion for for Italian cuisine as “intense.”

But if you’re going to indulge in complex carbohydrates—which you are free to do so every once in a while—might as well take it to the next level. Recently, Fly Ace Corporation, which is behind pasta brand Doña Elena Al Dente Pasta, introduced a new way to enjoy noodles—while painting.

At the #LovePasta event this month, staged in celebration of World Pasta Month, they invited people from Sip and Gogh, a paint‑and‑sip studio where you can sit down with a bottle of wine while being taught how to recreate a famous painting with your own hands. During the event, guests used a plain apron as canvas.

Do the same at home. Grab some brushes (or better yet, avail of a session at Sip and Gogh), paint on a blank apron, and whip up some dishes using Doña Elena’s array of artisan‑quality pasta, which has a higher protein content and uses 100% all‑natural and GMO‑free ingredients. Own it by mixing in Filipino ingredients like ampalaya, okra, longganisa, tocino, or even kesong puti.

Art Samantha Gonzales

Set a date with yourself

The 3rd Danish Film Festival is ongoing until October 22 at Shang Cineplex, Shangri‑La Plaza in Mandaluyong City and will be presenting movies like Iqbal Farooq and the Secret Recipe, The Commune, Long Story Short, Echo and Going to School.

Turn off your phone, splurge a little at the mall, and travel to Denmark from a movie theater seat. All screenings are free to the public but seats are on a first‑come, first‑served basis so make sure to allot some time to fall in line. Maybe you can also make new friends. *wink wink*

War over

Philippine soldiers from Marawi are welcomed home by their relatives at Villamor Airbase in Manila on October 20, 2017. — AFP

Coming home

A family arrives to check on their house in Raqa on October 20, 2017, after a Kurdish-led force expelled the Islamic State group from the northern Syrian city. — AFP

BSP minutes: economy not overheating

THE ECONOMY is far from overheating with rising credit growth accompanied by increased domestic activity, the Bangko Sentral ng Pilipinas (BSP) said in the minutes of its latest policy meeting wherein it noted that rapid bank lending should not cause alarm for now.

The BSP’s policy-setting Monetary Board said double-digit increases in bank lending and money supply have not been worrisome so far, allowing authorities to keep interest rates unchanged in their review last month.

“[A]s credit for production activities continues to expand in line with output growth, the economy’s improving absorptive capacity is likewise seen to be sustained, thus mitigating inflation pressures over the long run,” read the highlights of the Monetary Board’s Sept. 21 policy meeting that were published yesterday.

The BSP had then decided to keep policy rates steady on the back of manageable inflation and firm domestic activity. The central bank kept the key policy rate at 3.0%, the overnight deposit rate at 2.5% and the overnight lending rate at 3.5%.

“Firm” domestic economic activity alongside positive consumer and business sentiment made the case for keeping rates on hold during the central bank’s sixth monetary policy review this year, with overall economic growth seen intact over the medium term.

The Philippine economy expanded by 6.4% last semester, with economic managers seeing a boost to growth this semester as more infrastructure projects go live.

BSP Governor Nestor A. Espenilla, Jr. has said that the government’s 6.5-7.5% growth goal remains “attainable”, thus far, with conditions proving supportive of an upbeat economic outlook.

Money supply picked up by 13.5% in July while bank lending surged by 19.7% — levels considered “supportive” of current policy settings.

Domestic liquidity growth grew by 20.4% in August, according to latest BSP data.

Increased lending activity will not push consumer prices upward, the central bank said, with fresh liquidity instead poured into productive uses across “key economic sectors” and households.

Government spending also remains “on track,” with disbursements up by 11% year-on-year in the seven months to July.

Meanwhile, inflation averaged 3.1% in the nine months to September, slightly below the central bank’s 3.2% forecast average for the entire year but well within the 2-4% target range.

On the other hand, the BSP said that “broadly upbeat” prospects for global economic growth provide some lift to external trade which could further boost the Philippine economy, although geopolitical tensions and lingering uncertainty on the timing of rate hikes among advanced economies like the US pose risks to demand abroad. — Melissa Luz T. Lopez

Main business chamber identifies issues holding back progress

THE PHILIPPINE CHAMBER of Commerce and Industry (PCCI) has identified issues encompassing a number of sectors including agriculture, energy and power that it wants the government to resolve through a list of initiatives that range from investment promotion to the passage of key legislative measures.

The 10 resolutions were set for approval during last day yesterday of the 43rd Philippine Business Conference that was held at The Manila Hotel.

Two resolutions each were listed for energy and power, as well as for industry development.

A total of eight bills were identified as priority business legislative measures.

On energy and power, PCCI has issued a resolution urging the national government, the Department of Energy (DoE) and the Department of Finance (DoF) to hasten the resolution of the Malampaya tax issue between the DoE and the offshore Palawan gas-to-power project’s service contractors.

It said the move is aimed at upholding “sanctity of contracts and encourage investments and release economic opportunities, especially in the upstream side of the energy sector.”

The chamber has also resolved that the Energy Regulatory Commission (ERC) expedite the decision on eight power supply agreements with a total capacity of 3,551 megawatts (MW) that are pending with the regulator “in order to assure adequate and reliable power and sustain the country’s economic expansion.”

On industry development, it is urging the government to fast-track presidential proclamation of economic zone applications already approved by the Department of Trade and Industry (DTI) in order to generate more economic opportunities especially in the regions.

It also urged the Bureau of Customs to reconsider the implementation of pre-shipment inspection, which it said is not consistent with the revised Kyoto Convention.

In its place, the chamber sought the application of a number of measures to “effectively combat smuggling while facilitating trade.”

“Apply the principle of risk management to make effective interventions in the supply chain without constraining legitimate trade,” PCCI said.

“Focus on fast-tracking efforts to modernize customs administration and implement institutional reforms. Maximize the use of ICT [information and communications technology] and non-intrusive technology.”

It also asked the government to adopt trade facilitation measures such as the authorized economic operator system, as well as advance lodgement and clearance using modern, relevant ICT-based systems.

On agriculture, PCCI asked the Department of Agriculture and Department of Trade and Industry to fully implement the Agribusiness Support for Promotion and Investment in Regional Expo (ASPIRE) nationwide.

It said initiatives should be undertaken, such as identifying “priority commodities of the regions that would be given assistance and interventions through the use of geo mapping/tagging and make the information available to the private sector.”

The business group also urged the establishment of a database and market profiling “that would be readily accessible to farmers, producers and end users.”

“Create a centralized monitoring mechanism that would document compliance and accomplishment of ASPIRE deliverables,” it also said.

PCCI has urged the House of Representatives and the Senate to approve the following proposed laws:

• Tax Reform for Acceleration and Inclusion Act;

• Public Service Act amendment;

• Act creating Regional Investment and Infrastructure Corporation of Central Luzon;

• Amendment of the Local Government Code;

• Expanded Anti-Red Tape Act;

• Customs Amnesty Act;

• Estate Tax Amnesty;

• Granting Amnesty on All Unpaid Internal Revenue Taxes Imposed by the National Government for Taxable Year 2015 and Prior Years.

PCCI has also urged the government “to strengthen health and nutrition program in public elementary schools in order to improve their ability to learn.”

It has also resolved further to give more impetus to the K-12 Program (involving kindergarten and 12 years of basic education) by making available industry-relevant facilities with emphasis on technical vocational courses.

On the environment, it urged local governments to better implement Republic Act No. 9003, or the Ecological Solid Waste Management Act of 2000, in order to address land waste that contribute to marine pollution. It also asked the National Solid Waste Management Commission to monitor implementation of the solid waste management plans of local governments.

On small- and medium-scale enterprise development, it called on the Bureau of Internal Revenue and local governments “to review, simplify and streamline processes, requirements and fees in business registrations, licenses and closures.”

On transportation and logistics, it urged the DTI and the Department of Transportation “to issue a joint department order on publishing international shipping fees and other charges in order for traders, importers and exporters to choose which shipping lines offer fair and reasonable rate.” — Victor V. Saulon

Brewing a coffee country

By Nickky Faustine P. De Guzman,
Reporter

Brewing a coffee countryDrinking coffee, arguably, has become a national pastime and a favorite addiction. Independent coffee shops, especially in Metro Manila, and notably in areas like Makati and Tomas Morato in Quezon City, have attracted caffeine lovers, young and old. But while we love our coffee — brewed, with whipped cream, or flavored — we cannot be called a coffee country, not just yet.

“Coffee is a universal drink, and a national drink, if you will, because we drink more coffee than tea. Our consumption, in fact, continues to grow because of our burgeoning population, and also because of our call centers,” said Chit Juan, a coffee lover, enthusiast, and the president of Philippine Coffee Board, Inc. (PCBI), a private sector organization established in 2002 as the National Coffee Development Board. PCBI works with local coffee farmers in order to develop and promote our coffee industry through promotions, marketing, education, and export.

The Philippine coffee industry produces Arabica, Excelsa, Liberica (Barako), and Robusta varieties, which are primarily grown in Bukidnon, the Cordillera, and SOCCSKSARGEN region because of these areas’ favorable climate. But the local yield cannot keep up with our need. Our ratio of coffee production to coffee consumption is 35,000 metric tons produced to 120,000 metric tons consumed so we end up importing more coffee than producing our own. According to the International Coffee Organization (ICO) and the Philippine Statistics Authority, Philippine coffee production has been decreasing by 3.9% per year over the past decade vis-a-vis our growing consumption of coffee.

After three quarters of the year, the small green coffee cherries have ripened and matured into red cherries, which are ready for harvest. But the ripening process does not happen simultaneously, which makes it unpredictable, but at the same time, a lovely sight to see both green and red berries together. A cherry usually has two beans in it. After the beans are milled, they are taken to a table for sorting: the perfect versus the damaged, and the hard versus the airy. Sorting coffee beans is an arduous task that requires a farmer’s whole day. Before making it to our favorite coffee shop, the sorted and now polished beans are then brought to cupping houses where the tasters or “cuppers” taste and survey each variety and tell which are good to sell to the market.

If our local coffee farmers persist through their labor and see the beauty of growing good quality coffee on their farms, they could earn as much as P100,000 per hectare in four to five years according to ICO.

COFFEE, THEN AND NOW
No longer are Batangas and Cavite the top coffee producers in the country — that title has been taken by Mindanao. On Oct. 24, Davao City will be hosting the annual National Coffee Summit, now on its 10th year, which serves as an opportunity for coffee farmers, industry leaders, and coffee lovers to exchange ideas on how to boost and upgrade the coffee industry and help Filipino farmers gain more skills and income.

“There is a big market for specialty coffee in Korea and Japan. This is hope for our Arabica farmers who have low production volumes but have exceptional coffee,” said Robert Francisco, executive director of PCBI, of the importance of the coffee summit.

Coffee was first grown in the Philippines after a Spanish Franciscan monk introduced it in 1740 in Lipa, Batangas, according to the PCBI web site. From Lipa, which was then the coffee capital of the Philippines, the idea of growing coffee spread to other parts of Batangas, including in Ibaan, Lemery, San Jose, Taal, and Tanauan. Batangas started to export coffee to the United States in 1860s, and then to Europe when the Suez Canal opened. Seeing how prosperous the coffee industry was in Batangas, its neighboring province, Cavite, soon followed and began growing coffee in 1876. Philippine Liberica (kapeng barako) was five times more expensive than the rest of the Asian coffee beans.

Brewing a coffee countryBy 1880, the Philippines was the fourth largest exporter of coffee beans, but this would only last until 1889. Insect infestations destroyed the once prosperous coffee businesses in the regions, and in two years time, production was reduced to a sixth of the original yield. Farmers soon shifted their attention toward planting other crops, and coffee was seemingly forgotten.

But coffee is too good to pass up, and in the 1950s, through the help of the Americans, the Philippines enjoyed a second wave of coffee enthusiasm after coffee varieties that are more resistant to infestations were brought in. It was also at that time that instant coffees started being commercially produced, which increased the demand for more beans. This favorable market lured more farmers into growing coffee again during the 1960s. But the increase in the number of farmers resulted in a bean surplus, which happened not only here but abroad as well.

In 1980, the Philippines became a member of the International Coffee Organization (ICO), a group of importing and exporting coffee nations. It is ICO that said our coffee production has been decreasing in the past 10 years.

GETTING GOOD SCORES
Today, to boost the coffee business while helping local farmers make good money from it, organizations are teaching the farmers to upgrade their crops into world-class products with scores that are universally accepted.

Apparently, coffee, like wagyu and wine, has scores that correspond to quality.

“Our farmers need to know how to get their coffees to a score that is understandable universally. Because when you sell abroad, you cannot just say ‘masarap ang kape ko (my coffee is delicious),’ but people will ask what grade is your coffee. Kung wala kang score (if you have no score), don’t even bother. You’ll end up as a commodity coffee in 3-in-1 sachets,” said Ms. Juan, PCBI president.

Coffees are scored through the Specialty Coffee Association of America (SCAA) card by the “cuppers” or tasters. Cuppers could be the cooperatives, traders, and roasters who buy directly from the farmers or cooperatives. The SCAA criteria include audacity (brightness of coffee), body (richness and thickness of coffee), balance (overall taste), flavor, acidity, aroma, and fragrance. A good coffee should get an average score of 80 and up from the “cuppers.”

“Because our yield is small, we want to make [this] up with the quality our local farmers produce. Quality will put premium prices in their tag. We can up the price at 30% more. Sayang naman ‘di ba? (It would be a waste otherwise),” said Ms. Juan.

If Robusta coffee usually sells at P100/kilo, its price can go up to P400/kilo if its scores are at 85 and above. The same goes with Arabica, which can sell for P450/kilo with a high score from P180/kilo.

While on average, local scores are at 80, we can still improve our grades if farmers are taught to be more careful when sorting good and bad beans and to be more tenacious despite it being a tedious process.

LOVING LOCAL
Growth in our local coffee industry does not depend on the hands that sort and harvest them alone, but also on the tongues that taste and patronize the product. Meaning, more Filipinos should support the coffee varieties that grow in their own backyards.

One of the staunch supporters of local coffee is Commune Café in Makati, which sells only local coffee varieties. Its owner, Ros Juan, told BusinessWorld that people were unfamiliar with their own coffee.

“When we started in 2013, people would say ‘ay bakit local coffee? Masarap ba yan? (why local coffee? Is it delicious?)’ The business and the interest in Philippine coffee have grown immensely… I was often asked how I feel about the growing interest in local coffee shops — taray ang dami na namin ‘di ba? (There are so many of us now) — of course I’d say I am happy, because part of the goal is to be able to introduce more local coffees to the Filipinos,” she said.

In general, she said Filipinos fancy their coffee sweetened. “Mocha and lattes are popular,” she said, adding and suggesting that if people want to be serious about coffee, “they should try black coffee first and just add milk and sugar after, especially when it is done in manual brewing, the taste is lighter and not bitter.”

Putting up, and keeping up, a small coffee shop that exclusively sells local coffee is viable. “A coffee shop can survive with local coffees alone,” she said.

She said the business is thriving and will continue to serve local coffee in order to alert — not only the senses — but the sensibilities of Filipinos about their own local coffee flavors.