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Braving security fears, Chinese seek ‘Silk Road’ riches in Pakistan

LAHORE, PAKISTAN/SHANGHAI — Zhang Yang, a businessman from Chongqing in southwest China, is searching online forums for fellow stout-hearted entrepreneurs willing to cast aside security concerns and join him on a scouting mission to Pakistan.

Zhang, 48, is one of a growing number of Chinese pioneers sensing an opportunity across the Himalayas in Pakistan, where Beijing has pledged to spend $57 billion on infrastructure projects as part of its “Belt and Road” initiative.

Numbering in the thousands, this second wave of Chinese arrivals are following in the wake of workers on Belt and Road projects. Some are opening restaurants and language schools, while others are working out what products they could sell to a market of 208 million people, or what goods they could make cheaply in Pakistan to sell around the world.

“A lot of industries are already saturated in China,” said Mr. Zhang, who has worked in property, electrical appliances and household goods in China and says he wants to explore the potential for setting up factories or importing Chinese goods.

“Pakistan’s development is behind China, so it will hold better opportunities compared to home.”

But the new arrivals face dangers, creating a headache for Pakistani security officials.

Islamic State’s killing of two Chinese nationals in the restive Baluchistan province in June highlighted the risks posed by Islamist militants, who may see them as soft targets in their war with the state.

Beijing has also long fretted about hardened Pakistani Islamist fighters linking up with the East Turkestan Islamic Movement, a Uigher militant group Beijing accuses of seeking to split off its western region of Xinjiang, Pakistani officials say.

Islamabad does not release immigration data but a source in the foreign ministry said about 71,000 Chinese nationals visited in 2016. A senior immigration official added 27,596 visa extensions were granted to Chinese that year, a 41% increase on 2015, suggesting more are staying in the country for longer.

For Pakistan, the stakes in keeping all those Chinese nationals safe are high.

Beijing’s infrastructure splurge has helped revive Pakistan’s sputtering economy, and deepening ties between the two nations have turned Pakistan into a key cog in China’s grand plan to build a modern-day “Silk Road” of land and sea trade routes linking Asia with Europe and Africa.

While the first phase of the China Pakistan Economic Corridor (CPEC), as the Pakistan leg of this new Silk Road is called, concentrated on infrastructure projects, the second part will focus on setting up special economic zones and integrating Chinese firms into the local economy to help Pakistan develop its industries ranging from mining to agriculture.

China has also surged to become by far the biggest source of foreign direct investment for Pakistan, topping $1 billion in 2016/2017, and is betting on its neighbor at a time when many Western companies are still put off by security concerns and corruption.

“Pakistan really needs foreign investment and we are not going to miss out on this because of some idiots with a gun,” said Miftah Ismail, a special adviser to Prime Minister Shahid Khaqan Abbasi. “We won’t let them mess with the Chinese.”

SECURITY CHALLENGE
Pakistan receives friendly coverage in Chinese media and regularly features in state broadcaster CCTV’s programs on the Belt and Road initiative, which include promotions of CPEC and interviews with Chinese workers living in the country.

That has not been enough to assuage concerns about security for Mr. Zhang and other Chinese businessmen and women who spoke to Reuters.

“It’s a big lesson for us,” said Derek Wang, referring to the Baluchistan killings.

Mr. Wang, deputy chief executive of Infoshare, an Islamabad-based consultancy assisting Chinese entrepreneurs and businesses, said security was the number one concern of Chinese newcomers.

Pakistan is taking the threat seriously. Guards and police with automatic rifles shield Chinese-staffed offices and language schools, while security officials say plainclothes officers form a less visible layer of protection at such sites.

Unlike the engineers and construction workers who reside in heavily guarded compounds while building the roads and power plants that make up CPEC, the entrepreneurs seeking riches on the back of it mostly arrive on their own and disperse across the country. Few inform authorities of their plans.

“This is the biggest challenge right now,” said Muhammad Faisal Rana, who heads an 8,000-strong Special Protection Unit set up by Punjab province in 2014 to guard foreigners. Ninety percent of those it protects are Chinese, he said.

Mr. Rana said growing numbers of Chinese entrepreneurs turn up with tourist visas. Many are conducting market research, while some launch their products and then flit back to China.

“All these elements are sometimes out of our radar, and we have no idea from which flight they are coming in and where they are heading towards,” he said.

SPU officials have cultivated ties with guesthouses popular with Chinese and set up liaison desks at airports to register the Chinese entrepreneurs before they vanish, while governments in Sindh and Khyber Pakhtunkhwa provinces are accelerating plans to build up special protection units akin to the one in Punjab.

LANGUAGE SCHOOLS
In Islamabad, where Chinese visitors were seldom seen before 2014, their prominence is growing. They now outnumber other foreigners, and the country’s first-ever Chinese-language newspaper, Huashang, has been launched.

Visitors arriving at the capitals airport are handed flyers written in Mandarin advertising a Chinese courier service, and in the city shop signs in the Chinese language are increasingly common.

Chinese restaurants are sprouting to cater for new arrivals who are rarely fond of Pakistani food.

Pakistanis, sensing their neighbor’s growing power, are flocking to study at new Chinese language schools.

A boom in business has prompted Ami Quin, a Chinese restaurateur and owner of a guesthouse for employees of Chinese telecommunications giant ZTE, to open a spa and a second guesthouse.

“More and more people are very interested to come to Pakistan after CPEC,” she said. “They are looking for partners all the time.”

In one of Ms. Quin’s restaurants in Islamabad, civil engineer Pan Denghao lamented the oppressive Pakistani heat but conceded the money and jobs on offer exceeded what young people like him could expect back home.

“Every year in China you have so many graduates from colleges and universities, but the opportunities and chances for jobs are limited,” said Pan, 25, whose company is building Islamabad’s new airport.

Chinese businessmen who arrived before CPEC was unveiled in 2014 are capitalizing on their experience to launch consultancies, advising newcomers how to circumnavigate the country’s notorious bureaucracy or match them with Pakistani partners.

Another Chinese businessman who did not wish to give his name, said he and fellow Chinese executives often pay bribes to speed up imports or obtain government permits. That used to be a regular aspect of Chinese life before President Xi Jinping’s anti-corruption drive of the past few years.

“This is one of the reasons why us Chinese are comfortable here. We know how to deal with this,” he said.

SALARY, THEN SAFETY
Although Chinese habits sometimes clash with local customs in a deeply conservative Muslim nation — Chinese restaurants, for example, sometimes turn a blind eye to customers drinking smuggled alcohol — there is little sign of hostility to the new arrivals from ordinary Pakistanis.

Unlike Western nations, China is widely seen as having been a consistent ally to Pakistan, and Chinese visitors often recount stories of being let off minor misdemeanors — such as driving without a license — by police and government officials with comments like “you are our friends.”

Officials have portrayed the Islamic State killings in Baluchistan as a one-off, saying the two Chinese victims were targeted because they were Christian missionaries masquerading as business people.

But at least one Chinese business delegation canceled its trip to Pakistan as a result of the attack.

Pakistan has since tightened business visa rules for Chinese nationals and vowed improved security.

At a CPEC site guarded by the Punjab SPU in Lahore, policemen clad in bullet-proof vests demonstrated to Reuters how armed officers sitting on the back of pick-up trucks shield Chinese executives when transporting them in convoys.

One Chinese executive said police provided her with an armed convoy for a four-hour trip from the disputed Kashmir region to her office in Islamabad. “It was quite touching,” she said.

But security officials concede not everyone can be given round-the-clock protection, and many businessmen do not want their freedom curbed.

Still, China-based recruiters such as Ms. Yang, of Zaozhuang Xincai Services, say the Islamic State killings have not dented the stream of applicants seeking work in Pakistan, thanks to pay that can be more than four times what they would earn at home.

“First concerns are about how high or low the salary is, when it will be paid,” she said. “And then safety.” — Reuters

Kendrick Lamar dominates politically tinged MTV awards

LOS ANGELES – Rapper Kendrick Lamar dominated the MTV Video Music Awards on Sunday as the glitzy gala took a political turn with impassioned denunciations of white supremacists in America. Lamar took the most prestigious award of Video of the Year for “HUMBLE.,” his ironic look at his growing fame in which he dresses up as everything from the pope to Jesus in The Last Supper.

Lamar opened the show in Los Angeles with a martial arts-themed performance of the song with ninja dancers, one of which eerily appeared to set himself ablaze.

One of the most acclaimed rappers of recent times, Lamar took home six statuettes – rechristened the “Moon Person” from “Moonman” to be gender-neutral.

English songwriter Ed Sheeran won Artist of the Year, a new prize after the separate male and female categories were merged, while rapper Khalid won for new artist.

While Lamar’s latest album DAMN. has toned down his earlier political bent, the globally televised awards gala itself did anything but.

The mother of Heather Heyer, the 32-year-old anti-racism protester killed when an avowed white supremacist drove into a crowd during the Aug. 12 unrest in Charlottesville, Virginia, took the stage to announce a foundation in honor of her daughter.

Saying she wanted to “make Heather’s death count,” Susan Bro – controlling her emotions as the crowd applauded – said the foundation would offer scholarships to students who pursue social justice.

Bro presented “Best Fight Against the System,” a new award that recognizes activism in a music video. In the spirit of equality, Bro said all six contenders would share the prize.

The songs ranged from attacks on racism to “Scars to Your Beautiful” by rising star Alessia Cara, an ode to healthy body image which she performed at the awards, dancers around her rustling her hair and removing her oversized dress.

SHARP WORDS FOR TRUMP
Paris Jackson, a model and the daughter of the late “King of Pop” Michael Jackson, also took aim at the white supremacists who marched in Charlottesville.

“We must show these Nazis,” she said to cheers, “that we have zero tolerance for their violence and hatred.”

With Texas being whipped by massive storm Harvey, the gala also sent best wishes to residents in harm’s way. Host Katy Perry asked viewers to consider donations to the American Red Cross.

Perry used wires to float onto the stage in an MTV-style moonsuit before an evening of shifting attire, ending with the singer back in the air to slam-dunk basketballs as she performed her song “Swish Swish.”

Perry took aim at President Donald Trump as she urged fans to choose a winner in a category that remained open to online voting.

“This is one election where the popular vote actually matters,” quipped Perry, one of the most vocal celebrity campaigners for defeated candidate Hillary Clinton. “But hurry up before some random Russian pop star wins.”

MTV invited a number of transgender US service people to attend the show – two days after Trump ordered a ban on new transgender recruits in the military.

TAYLOR GOES GOTHIC
Fellow pop A-lister Taylor Swift used the awards to unveil the video for her latest song, “Look What You Made Me Do,” in which she showed a new dark, bad-girl image.

The camera opens with imagery of a cemetery and a grave that says “Here Lies Taylor Swift’s Reputation” – a theme that will apparently weigh heavily on Swift’s newly announced album, which is entitled Reputation and comes out on Nov. 10.

The video proceeds to show Swift in Halloween-like makeup and then crashing a car, with paparazzi quickly appearing to show her mishap to the world.

The singer, 27, usually known for her squeaky-clean image, appears in the video smashing up a store with a baseball bat and riding on top of a motorcycle in a spiked leather jacket.

Jared Leto of Thirty Seconds to Mars offered a tribute to two rock singers who committed suicide this year – Chester Bennington of Linkin Park and Chris Cornell of Soundgarden – before putting on a trippy performance with thermal cameras.

The rapper Logic and Cara reinforced the anti-suicide message as they put on “1-800-273-8255” – the title a reference to a help line, with the number emblazoned on the T-shirts of dozens of people who had attempted suicide and joined them on stage.

On a lighter theme, pop great Rod Stewart sang a new take on his 1978 hit “Da Ya Think I’m Sexy?” – this time with the much younger dance group DNCE. – AFP

 

Davao-Tagbilaran route still under review

AIRLINE CEBU-PACIFIC is still studying the proposed Davao-Tagbilaran route that has long been sought by the Davao City Council. Charo L. Lagamon, director of corporate communications for Cebu Pacific, said factors being considered in opening the said route include the capacity of the two airports. “Davao is OK but Tagbilaran we still have to check out,” she said, referring as well to the provincial capital of Bohol in the Visayas. The city council has filed recent resolutions appealing and requesting for the said route. “It’s a lot of details that go into (the) launching of a route. But definitely it is something that we are working on,” Ms. Lagamon said. Cebu Pacific recently launched the Davao-Dumaguete (three times a week) and Davao-Tacloban (four times a week) routes. — Maya M. Padillo

Bases authority to harmonize Clark projects with new Freeport master plan

THE Bases Conversion and Development Authority (BCDA) said it will study the upcoming redesign of the master plan of Clark Freeport Zone to ensure it properly integrates projects planned for the area.

Clark Freeport Zone
Vicinity map of Clark Freeport Zone — www.denr.gov.ph

“[Clark Development Corp. (CDC)] is doing a redesign of Clark Freeport Zone… Palafox [Associates] won the bid. They’re reviewing the master plan. We’re going to wait for the results at the end of the year so we can plan well where to put the housing, where the malls will be… that’s going to be part of the plan,” BCDA President and Chief Executive Officer Vivencio B. Dizon told reporters in a recent interview.

The CDC entered into an agreement with architecture and urban planning firm Palafox Associates in January to redesign the master plan of Clark Freeport Zone.

Mr. Dizon said that the review was because the master plan is “quite old,” and has not undergone a review in over 10 years.

“Other projects will affect Clark, like the railway, the airport… With New Clark City, we have to incorporate everything,” Mr. Dizon said.

The Manila-Clark railway is set to be completed in 2021, while the construction of the new terminal of the Clark International Airport  is set to start in December and operations are planned for the first quarter of 2019.

One of the components of New Clark City that will draw particular interest is the New Clark City-Mixed Income Development Housing project.

“The prices will be affordable… (compared to) Makati, BGC [Bonifacio Global City], even Quezon City,” Mr. Dizon said. — Patrizia Paola C. Marcelo

Houston crippled by catastrophic flood; evacuations ordered

HOUSTON — Tropical storm Harvey was set to dump more rain on Houston on Monday, worsening flooding that has paralyzed the country’s fourth biggest city, forced thousands to flee and swollen rivers to levels not seen in centuries.

Harvey, the most powerful hurricane to hit Texas in more than 50 years, first hit land late on Friday and has killed at least two people. It has since stayed around Texas’ Gulf of Mexico Coast where it is forecast to remain for several more days, drenching parts with a year’s worth of rain in the span of a week.

Schools, airports and office buildings in Houston, home to about 2.3 million people, were ordered shut on Monday as scores of roads turned into rivers and chest-high water filled neighborhoods in the low-lying city.

Torrential rain also hit areas more than 150 miles (240 km) away, swelling rivers upstream and causing a surge that was heading toward the Houston area.

Authorities ordered more than 50,000 people to leave parts of Fort Bend County, about 35 miles (55 km) southwest of Houston as the Brazos River was set to crest at a record high of 59 feet (18 m) this week, 14 feet above its flood stage.

Brazos County Judge Robert Hebert told reporters the forecast crest represents a high not seen in at least 800 years.

“What we’re seeing is the most devastating flood event in Houston’s recorded history,” said Steve Bowen, chief meteorologist at reinsurance firm Aon Benfield.

Total precipitation could reach 50 inches (127 cm) in some coastal areas of Texas by the end of the week, or the average rainfall for an entire year, forecasters said. Nearly 24 inches fell in a span of 24 hours in Baytown, a city home to major refineries about 30 miles east of Houston, the National Weather Service said early on Monday.

“Water started flooding our house and by last night we were unable to leave,” said Maria Davila, one of about 1,000 people in a makeshift shelter at Houston’s sprawling convention center.

US President Donald J. Trump plans to go to Texas on Tuesday to survey damage from the storm, a White House spokeswoman said on Sunday.

Mr. Trump, facing the first big US natural disaster since he took office in January, signed a disaster proclamation on Friday, triggering federal relief efforts. Texas Governor Greg Abbott said on Sunday 54 counties had been declared state disaster areas and he plans to add 1,000 more National Guard personnel to the flood battle.

MASSIVE DAMAGE
Harvey is expected to produce an additional 15 inches to 25 inches of rain through Friday in the upper Texas coast and into southwestern Louisiana, the National Hurricane Center said.

“The storm isn’t moving much. If it doesn’t move much, it keeps throwing rain into the same area,” Steve Wistar, a senior meteorologist with AcuWeather, said in a telephone interview.

The Harris County Sheriff’s Office used motorboats, airboats, humvees and other vehicles to rescue more than 2,000 people in the greater Houston area on Sunday, a spokesman said.

The US Coast Guard and Houston police rescued hundreds more as residents brought boats to staging centers to help and helicopters were deployed to save others stranded by the floods.

The National Weather Service has issued flood watches and warnings from near San Antonio to New Orleans, an area home to more than 13 million people.

Federal authorities predicted it would take years to repair the damage caused by Harvey.

Forecasters could only draw on a few comparisons to the storm, recalling hurricane Katrina, which devastated New Orleans and killed 1,800 people in 2005.

Katrina resulted in more than $15 billion in flood insurance losses in Louisiana and Mississippi.

Flood damage in Texas from hurricane Harvey may equal that from Katrina, the costliest natural disaster in US history, an insurance research group said on Sunday.

The Gulf is home to almost half of the nation’s refining capacity, and the reduced supply could affect gasoline supplies across the US Southeast and other parts of the country. Shutdowns extended across the coast, including Exxon Mobil’s Baytown refinery, the second largest US refinery.

The outages will limit the availability of US crude, gasoline and other refined products for global consumers and further push up prices, analysts said.

All Houston port facilities will be closed on Monday because of the weather threat, a port spokeswoman said.

More than 224,000 customers in the Houston area were without power on Monday morning, utilities CenterPoint Energy and AEP Texas said.

Houston’s George Bush Intercontinental Airport, one of the nation’s busiest, and William P. Hobby airport halted all commercial flights on Sunday. The airports remained closed to commercial traffic on Monday.

Jose Rengel, a 47-year-old construction worker who lives in Galveston, helped rescue efforts in Dickinson, southeast of Houston, where he saw water cresting the tops of cars.

“I am blessed that not much has happened to me, but these people lost everything. And it keeps raining,” he said.

“The water has nowhere to go.” — Reuters

Peso to trade sideways ahead of key US reports

THE PESO will likely trade sideways versus the dollar in the coming days after the much-awaited speeches of central bank officials failed to shed light on next policy moves in the United States and Europe, and ahead of key economic data to be released later this week.

The local unit closed at P51.08 against the greenback on Friday, slightly weaker than the P51 finish it logged the previous day, which was its best showing in nearly two weeks.

Week on week, the peso appreciated by 41 centavos coming from the P51.49-per-dollar rate logged on Aug. 18.

Financial markets were closed on Monday for the National Heroes’ Day, a public holiday in the Philippines.

Traders interviewed late last week said they expect the exchange rate to stand little changed from Friday’s level after the heads of the US Federal Reserve and the European Central Bank (ECB) bared no hints about their next moves during their much-awaited remarks last Friday.

“The dollar might initially move sideways in the first two business days of the week amid mixed signals from the US last Friday. Policy makers gave no concrete leads regarding monetary policy during the Jackson Hole Economic Policy Symposium,” said Guian Angelo S. Dumalagan, market economist at the Land Bank of the Philippines.

US Fed chair Janet L. Yellen and ECB president Mario Draghi did not drop hints on future policy moves during their public appearances in Wyoming, leaving market players with no new leads as to when the monetary authorities will next tweak rates.

Mr. Dumalagan also noted that investors will instead look for new leads as they anticipate key economic data from the US on employment, growth, and personal spending later this week.

A currency trader said separately that although market players were looking forward to Ms. Yellen and Mr. Draghi’s speeches, the currency is unlikely to see significant swings given that the initial expectation was that the two central bankers would not “veer away from their usual rhetoric.”

The trader also expects trading volumes to return to the average $500-600 million level after the previous week saw two straight days of roughly $1 billion which exchanged hands.

Analysts said the bigger amounts seen last week may have been due to inflows of foreign investments likely stemming from the acquisitions of Japan Tobacco International of the local cigarette firm Mighty Corp., as well as offers from foreign private equity funds to acquire a third of Energy Development Corp.

Some intervention from the Bangko Sentral ng Pilipinas (BSP) may have also contributed to the bigger volume.

For this week, Mr. Dumalagan said he expects the currency to trade within P50.90 to P51.40 versus the dollar this week, while the trader sees a P51-P51.25 range.

NEW STRATEGY
Traders have also noticed the BSP’s different take on exchange rate intervention under Governor Nestor A. Espenilla, Jr., as they noted that the new chief appears to be more “tolerant” of greater volatility than his predecessor.

Mr. Espenilla took office on July 3, succeeding Amando M. Tetangco, Jr. who served as BSP chief for 12 years.

“The BSP appears to be more tolerant for a weaker peso,” one trader said by phone. “The BSP is controlling the peso’s descent, but if it’s going higher it doesn’t really mind… A weaker peso is fine; it’s not so bad for BSP.”

The trader said daily foreign exchange trading has seen a “little bit more volatility” and a wider trading range under Mr. Espenilla, against an established trend under Mr. Tetangco where there was a specific “band” which the central bank maintains over a number of months.

Another trader echoed this view, noting that there was greater volatility and a perception that the BSP is relying on the market for the exchange rate to “self-correct.”

“Before, there was demand — you’ll see a certain level that BSP will try to offer, and that will cap the market,” he said separately. “In terms of presence in the market, mas mahirap basahin ngayon (it’s harder to predict), but with what he (Mr. Espenilla) is saying, he’s very clear that the currency will find its true value.”

Mr. Espenilla said the BSP allows the peso to “adjust moderately and gradually” versus the dollar, as it assured that it was in firm control of the exchange rate especially in tempering any sharp swings during trading. — Melissa Luz T. Lopez

A personal take on investment

There are now TV programs and seminars focusing on personal investments. Their goal is to teach the novice the vocabulary and grammar of the arcane world of finance and economics. The assumption is based on already having extra money to invest. How to earn it in the first place is the subject of other programs on entrepreneurship.

Nothing demonstrates investment ignorance more than news of yet another financial scam that has transferred wealth from a large group of people with money to a smaller group of con artists. Few have learned the lesson of common sense that if it’s too good to be true, it is probably a fraud.

Sometimes, some of the victims are supposedly savvy individuals, which only means that sometimes greed and the desire to accumulate wealth trump accumulated knowledge.

Still, finance for beginners deals with some clichés; even if some the advice seems sound, if not obvious.

Buy low, sell high.

This hoary guide to the stock market is simplicity itself. After all, one can only make money if the cost of buying is lower than the price for selling. Even discounting the broker’s fee and transaction tax, this axiom is not that easy to implement. High and low are relative concepts. A stock that has been rising in price may still be a good buy in terms of an even higher upward lift.

On the other hand, a plummeting stock is not always something to pick up simply because it is now priced at its 52-week low… as it may continue to drop even more.

Always, the key is when to sell.

In certain situations, buying high and selling low (yes, that’s not a typo) can be a rational move to cut losses in a falling stock.

What about the phrase, “seller’s remorse?” This non-religious feeling is seldom discussed in finance programs for beginners.

Because the amateur is fond of bragging in the gym about gains made in the market, including accumulated paper profits (theoretical gains still unrealized if a stock is unsold), he is especially susceptible to this particular form of regret. Say, he sells out his favorite stock when reaching a 100% gain; does he continue to track its journey, sometimes to ever inherit levels? Sure. Then, his 100% gain seems puny when the price keeps going up to as high as five times his original investment.

Remorse, or the feeling of having done something that requires forgiveness, sets in. The opposite of this comes later as he tries to buy the stock back as it rises only to have it finally correct after he buys. Then, his old profit is eaten away and he experiences the opposite feeling of “buyer’s remorse.” His old profit can be turned into a loss.

Looking back seems irrelevant when dealing with stocks, as in most things in life, like soured relationships. Get that loss out of the mind and proceed to the second round, as they say in college basketball.

Rookie investors looking for guidance like hot tips. On the basis of unconfirmed plans of pending acquisition, stock buy-backs or a follow-on offerings, the newbie accumulates a particular stock. Insider trading, a variation of the hot tip, seems more sure-footed. It refers to undisclosed information for insiders to gain undue advantage over the uninformed public. This illegal practice is seldom even commented on in the local market but is a serious offense elsewhere.

Also, the “fallacy of early success” (or beginner’s luck) affects the novice investor. Quick gain from a tipped stock that surges up after purchase endows the rookie investor with an undeserved feeling of invincibility. The false confidence increases when he outperforms more experienced investors… in the short term.

Low returns from traditional savings instruments have driven investors and retirees to the stock market. This is healthy for an economy’s capital formation. But is a casino mentality towards the market healthy?

Even experienced stock pickers and index investors of mutual funds try to educate their potential clients that there are risks involved in the equity market. What is their appetite for it? What is their time horizon for investment ?

Personal finance advisories should be about conserving wealth as well as growing it. Still, even putting cash under the mattress has its risks and not just insomnia from a lumpy bed.

A. R. Samson is chair and CEO of Touch DDB.

ar.samson@yahoo.com

P3-M marijuana seized in Danao

AUTHORITIES ON Saturday morning uprooted almost P3 million worth of marijuana plants in Barangay Langosig, Danao City. Chief Inspector Gerard Ace Pelare, Danao City police chief, identified the cultivator as Damian Cagal, 49, a native of Kaluangan, Asturias in southern Cebu who was temporarily residing in the place. Mr. Pelare said that they received a report regarding the plantation cultivated by Cagal from the community during their visit for a drug awareness campaign two weeks ago. He said that they immediately validated the report and conducted surveillance. — The Freeman

See full story on https://goo.gl/3psdF4

AirAsia urges Finance dep’t to scrap departure tax

THE Finance department is considering the proposal of Malaysia-based AirAsia Berhad to lower or scrap the departure tax in small airports.

Tony Fernandes
File photo of AirAsia CEO Tony Fernandes — AFP

A Department of Finance (DoF) statement quoted AirAsia Group CEO Tony Fernandes as saying the lowering of airport or departure tax in small airports “will help in realizing the airline’s expansion plans in the Philippines.”

Mr. Fernandes broached the matter during a recent courtesy call with Finance Secretary Carlos G. Dominguez III.

Mr. Dominguez said he will look into Mr. Fernandes’ proposal, which is seen to cut travel costs as well as boost trade and tourism.

Airline passengers leaving the Philippines are levied a full travel tax of P1,620 for those riding on economy class while P2,700 for those on first class package, according to the Tourism Infrastructure and Enterprise Zone Authority (TIEZA.)

Republic Act No. 9593 or the Tourism Act of 2009 states that 50% of proceeds gained from travel cost collections will be given to TIEZA while 40% is to be received by the Commission on Higher Education for tourism-related educational programs and courses, while the remaining 10% will be given to the National Commission for Culture and the Arts.

Mr. Dominguez said he is also considering the possibility that airports impose different leasing or selling rates on airlines’ use of the gates, depending on the landing time.

“I have asked the DoF representatives in the airports to tell them to consider this differential pricing, selling gates, rather than a fixed tax,” the Finance chief said.

The DoF statement also quoted Mr. Fernandes as saying the reduction of airport tax would boost its expansion plans in the country.

Mr. Fernandes has said the budget carrier is keen to add more routes from Davao to China, South Korea and Malaysia. At present, AirAsia has flights from Davao to Singapore.

“There’s a big population here. There’s a good business here. We met some farmers who wish to send their cargos directly to these places,” Mr. Fernandes was quoted saying in a statement. — JMDS

US towns that want to shed Confederate symbols hit bureaucratic roadblocks

AS EARLY as November, the stretch of Jefferson Davis Highway that runs through Alexandria, Virginia, will boast a new title after the city council voted to erase the name of the Confederacy’s president.

But the city’s neighbors to the north in Arlington are powerless to initiate a similar change, even though local officials would like to follow Alexandria’s example.

The difference lies in a simple distinction: Unlike Alexandria, Arlington is technically a county, not a city, and under Virginia law cannot alter major road names without permission from the state legislature.

As officials across the United States increasingly consider excising Confederate names from streets, schools and monuments following the violence in Charlottesville, Virginia, many are confronting bureaucratic and legal obstacles.

An Aug. 12 rally organized by white nationalists to protest against plans to remove a statue of Confederate General Robert E. Lee from a public park devolved into armed clashes on the streets of the college town, and one woman was killed when a man plowed a car into anti-fascist counterprotesters.

The violence has escalated an ongoing debate over Confederate symbols. Some people view them as hateful and racist, while others say they represent their Southern heritage and are tributes to fallen soldiers.

In some cases, the local laws impose a series of steps. In Austin, a liberal bastion in the heart of Republican Texas, the city council recently began the process of renaming Robert E. Lee Road and Jeff Davis Avenue.

Austin’s ordinances call for every person who owns property along either street to be notified, and if anyone objects, the council must hold a public hearing on the proposed change. Meanwhile, the city’s traffic engineer, fire department and police department must review the proposal along with the local gas company and the US Postal Service, among other agencies.

“It’s a process that is fairly involved,” said Austin Councilwoman Ann Kitchen, whose district includes Robert E. Lee Road.

The Dallas Independent School District will take up whether to rename several schools named for Confederate generals at a Sept. 14 meeting.

In a 1,300-word provision, the board’s own policies lay out a lengthy procedure for naming or renaming a facility: The proposal has to come from the school itself and must be backed by at least one member of the parent-teacher association, the administration and a state-mandated “site-based decision-making committee.” The policy also calls for such changes to be considered only after April 1, near the end of the school year.

The process is so complicated that, in light of Charlottesville, the board will likely discuss ways to waive parts of the policy to expedite the renaming, said Dan Micciche, the school board president.

Other locales are finding their authority usurped by a higher power. — Reuters

Films on environment: No such thing as isolated case

By Juan EY Arcellana

Movie Reviews
Birdshot
Directed by Mikhail Red
Paglipay
Directed by Zig Dulay

TWO FILMS featured in the recent Pista ng Pelikulang Pilipino dealt with environment issues in an indirect manner, weaving conflict in the narrative thread tangentially and exposing the myth of the isolated case.

Birdshot by Mikhail Red is described as a coming-of-age thriller, and has as protagonist a young girl who in target practice in the wild shoots down an eagle. This sets off a series of events which, along with a parallel story of workers gone missing while en route to a court case in Manila, culminates in the girl’s personal epiphany.

On the other hand, Zig Dulay’s Paglipay (Crossing) is another story of seeming enlightenment, in this case a young Aeta man who rudely awakens to the fact that the kulot (curly haired) and the unat (straight haired) live in two different worlds. This unfolds against a backdrop of an encroaching mining industry in their place in Zambales years after the eruption of Mt. Pinatubo.

The environment is ever present in both films, not least because of the exceptional photography. Birdshot in particular could be located in a place with time out of mind, anachronisms such as the analogue dial up phone and nearly bare police station serving as counterpoint to the rustic sweep of countryside.

But what at the outset may appear as an isolated case – the shooting of the haribon by the girl (Mary Joy Apostol) – leads to sociopolitical questions relating to police corruption, labor issues, and the overall uneasy feeling that things are never what they seem.

Kung ano-ano ang ginagawa ng pulis para lang sabihin na ginagawa nila trabaho nila” (What the police did in order to say that they were doing their jobs) is a line mouthed by one of the lead characters, which in the wake of recent events of state-inspired executions takes on new color. And when the pulis patola (John Arcilla) tells his partner (Arnold Reyes) to lay off the case of missing laborers, he asks what would the other do if he stumbles upon something best left in the dark. The enemy indeed is bigger than we can imagine.

But don’t tell that to Maya, who by the end of the film has become a young woman, she who shot the haribon and ate its meat with her father (Ku Aquino), even making a necklace out of the talon. Her father of course insists that they committed no sin, but in the ensuing tragic events the viewer is left with the question of which is more endangered, the eagle or exploited workers laying claim to their land?

No less languorous, Paglipay benefits from the infatuation of the Aeta man Atan (Gary Cabalic) with a visiting student (Anna Luna) from UP Manila working on her thesis in lahar country, particularly on the integration of the kulot with the unat in the lowlands.

Use of a drone camera gives breathtaking views of the landscape, hinting there is more at stake here than plain romantic comedy. Atan himself also comes of age by film’s end, the flower in his hand meant to be given to his crush wondrously not wilting. Back at the Aeta village, his betrothed Ani (Joan dela Cruz) waits for him to make a decision.

But it’s just him and the mountain really, and how all things are connected in the subtlest of ways. Miners hover ominously in the background, but the indigenous get to speak their language in this ToFarm film festival entry that has reaped awards at home and abroad.

India, China to ease military face-off in Himalayas

NEW DELHI — India said it has agreed with China to de-escalate a tense, months-long border stand-off days before Prime Minister Narendra Modi and President Xi Jinping are set to attend the BRICS Summit.

The two countries agreed to an “expeditious disengagement” of troops at Doklam, India’s foreign ministry said in a statement on Monday. The dispute had seen soldiers of the two nuclear-armed Asian giants facing off in a remote part of the Himalayas, near a shared border between Bhutan, China and India.

“In recent weeks, India and China have maintained diplomatic communication in respect of the incident at Doklam,” the statement read. “During these communications, we were able to express our views and convey our concerns and interests. On this basis, expeditious disengagement of border personnel at the face-off site at Doklam has been agreed to and is on-going.”

The BRICS Summit — involving leaders from Brazil, Russia, India, China and South Africa — is due to be held in the coastal Chinese city of Xiamen from Sept. 3 to Sept. 5. — Bloomberg