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Cebu City mayor mulls banning private cars in downtown area after BRT launch

MAYOR Tomas R. Osmeña is considering a ban on private vehicles within Cebu City’s downtown area when the bus rapid transit (BRT) project becomes operational to alleviate the impact of the new public transport system to jeepneys. “We cannot delay our (BRT) project anymore. The whole government cannot adjust just for the sake of the jeepney drivers. What about the people? But we will have to do what we can,” Mr. Osmeña told reporters after meeting on Monday with jeepney operators and drivers who held a rally to oppose the nationwide jeepney phaseout program as well as the BRT. Based on initial reports, there would be 2,614 jeepney drivers using 1,307 jeepney units and 912 operators who will be affected by the BRT. Mr. Osmeña also said the city can offer a training program to become BRT drivers or a security force member of the local government. “I cannot say there will be no displacement. I cannot give them a lifetime pension. But I’m willing to sit down with them to respond to their grievances,” the mayor said. — The Freeman

Probe into fatal US police shooting of Australian woman

CHICAGO — Authorities in the US state of Minnesota on Monday were investigating the police-involved shooting of an Australian woman, who was killed under mysterious circumstances after placing an emergency call.

Infrastructure spending target doubted

AN international think tank doubts that the government plan to sharply raise infrastructure spending is doable, citing the slow rollout of projects and concerns about the administration’s change in financing mode.

Rejecting the rude and the bully in politics

Trade Tripper
Jemy Gatdula

A development that thinkers like Fr. Ranhilio Callangan-Aquino and Dr. Tony La Viña has constantly pointed out is the poisoned atmosphere of public discourse. The observation is practically self-evident and one sees that most clearly in social media today.

Tiger Woods outside top 1,000 for first time in new rankings

LOS ANGELES — Tiger Woods has dropped outside the top 1,000 players in the world for the first time in his professional career, latest rankings showed Monday.

Harley-Davidson’s new Street Rod roars into Manila

Handle Bar

HARLEY-DAVIDSON earlier this year introduced the new Street Rod, derived from its Street line. Last week the distributor of the brand in the Philippines announced the arrival of the new model in the country.

DTI, DoLE to certify labor practices of textile firms tapping GSP+

THE Department of Trade and Industry (DTI) is set to sign a joint order with the Department of Labor and Employment (DoLE) that will highlight the country’s insistence on compliance with global labor standards in the textile industry.

“DTI and DoLE will issue a joint department order on the certification of labor standards compliance for garments and textile industry exporters who will take advantage of [trade] preferential schemes,” said Ceferino S. Rodolfo, Trade undersecretary and managing head of the department’s investment promotion arm Board of Investments.

Mr. Rodolfo told reporters the move is in effect targeted towards the Generalized System of Preferences Plus (GSP+), a preferential tariff scheme that allows the Philippines to export more than 6,200 products to the European Union’s (EU) member countries tariff-free.

He said the joint order should be issued before the end of July as it had been prepared and was awaiting the signature of DTI Secretary Ramon M. Lopez and DoLE Secretary Silvestre H. Bello III.

On Tuesday, Mr. Lopez and Mr. Rodolfo, along with Philippine Special Envoy to the EU Edgardo J. Angara met in Makati City with members of the EU Parliament led by Soraya Post “to freely exchange views on the political and economic fronts” of the Philippine-EU relations.

Mr. Rodolfo said the joint order will require garment and textile exporters to the EU using GSP+ to first secure certification from the government agencies that they are compliant with local labor regulations.

“We’re self-imposing this,” he said, adding that no other country enjoying the same preferential treatment is issuing certification that their export goods were not produced in sweatshops and those who made them were paid the right wages. It will state that no child workers were employed by the exporter.

He said the scheme will certify that union-busting is not practiced by the exporter and that their workers have a right to self-organization.

“We want to take the offensive and highlight [that in the Philippines] workers are being treated decently,” he said.

Mr. Rodolfo said the department was awaiting a response from the EU on the country’s report regarding four issues identified by the bloc: the extrajudicial killing of journalists, Lumad rights, the rights of political prisoners and labor rights.

“We have gone over and beyond these international commitments,” he said.

Separately, the Trade department said in a statement on Tuesday that Mr. Lopez during the meeting “stressed that President Rodrigo R. Duterte’s anti-drug campaign and state efforts to apprehend illegal drug elements have always been anchored on the tenets of human rights and the rule of law.”

He also pointed out that majority of Filipinos “feels safer today and approves of the President’s leadership.

“The meeting also touched on the need for EU to engage the Philippines through the GSP+ as it is precisely a meaningful program assistance developed by EU to help a trade partner institute socioeconomic reform resulting from greater trade and economic activities. Such also increase income in rural communities, as well as in areas experiencing conflicts.”

Mr. Lopez also urged the EU to maximize its economic relations with the growing Philippine domestic market and its free trade access to the Association of Southeast Asian Nations and its dialogue partners. — Victor V. Saulon

Many dev’t goals missed in last 6 years — scorecard

By Leo Jaymar G. Uy
Senior Researcher

A GOVERNMENT SCORECARD that details the Philippines’ progress in meeting economic development targets in the last six years showed that the country failed in many of them.

Lepanto Mining eyes P1.75B from stock rights offer

LEPANTO Consolidated Mining Co. plans to raise P1.75 billion via a stock rights offering to fund the further exploration and development of its copper-gold project in Benguet.

LepantoIn a disclosure to the stock exchange, Lepanto said that its board approved on Monday the offer of one share for every 4.685 shares pegged at P0.15 apiece or a total of 11,678,967,888 shares from the company’s unissued authorized capital.

Funds from the stock rights offer will be used for the exploration and development of the copper-gold project in Mankayan, Benguet, as well as the purchase of mining equipment, and settlement of debt and pension obligations.

The record and offer date will be determined after Lepanto secures the Philippine Stock Exchange’s approval for its listing application.

Lepanto is set to commence drilling this quarter for copper concentrates following a two-year drilling, metallurgical tests, and rehabilitation program of its copper floatation plant.

The plant is also expected to produce gold and silver-bearing copper concentrates while Lepanto’s carbon-in-pulp plant will continue to produce gold.

The firm is aiming to boost output at 1,900 tons per day by year end and 3,000 tons per day by 2019, from the present 1,500 tons per day in both its Victoria mine and gold-copper project.

Lepanto started exploration in October 2015 and has so far completed 41,000 meters of underground drilling to evaluate the copper-gold project resources at the former enargite mining area.

Trading of Lepanto shares dropped 1.53% to P0.193 apiece on Tuesday. — Janina C. Lim

IC studies proposal to lower insurance costs for jeepney operators

THE Insurance Commission (IC) is studying the proposal to trim premiums imposed on comprehensive motor insurance, and allow insurance firms to provide credit to jeepney operators, amid the government’s jeepney modernization program.

In a statement on Tuesday, Insurance Commissioner Dennis B. Funa said transport group Kilusan sa Pagbabago ng Industriya ng Transportasyon (KAPIT) has requested the lowering of insurance premiums charged by insurers for comprehensive motor vehicle insurance to reduce costs of jeepney operators.

“As to the proposal on the lowering of insurance premiums, the IC was informed by KAPIT that it had spoken with several insurance companies which manifested their willingness to explore ways to make motor car insurance products more affordable,” he was quoted saying in a statement.

In addition, Mr. Funa said KAPIT also proposed non-life insurance firms to be allowed to extend credit to jeepney operators, transport groups, cooperatives, and transport management companies, with these loans to be considered as “admitted asset” of the insurer.

“KAPIT manifested that the modernization program will require huge amount of funding. In order for jeepney operators to avail of new vehicles, KAPIT is proposing that insurance companies be allowed to extend loans to jeepney operators. With this proposal, jeepney operators will have more options on where to source the funding for the acquisition of new vehicles,” he said.

The IC is set to meet with KAPIT and the Philippine Insurers and Reinsurers Association, Inc. (PIRA) to discuss the former’s proposal.

According to the Insurance Commissioner, the PIRA has expressed “willingness to lower the premiums being collected from jeepney operators but subject to the compliance with the minimum tariff rates imposed by the IC.”

Currently, the basic rate for loss and damage on motor car insurance coverage is at 1.5% to 2.0% of the value of the motor vehicle, while the premium for act of nature coverage has a minimum rate of 0.50% of the value of the motor vehicle.

The Department of Transportation’s Jeepney Modernization Program aims to gradually phase out traditional jeepneys or jeepney fleets that are over 15 years old and replace them with environment-friendly vehicles equipped with more efficient engines.

The modernization program of public utility vehicles is set to take place within the month. — J.M.D. Soliman

Tens of thousands of Canadians flee huge forest fires

MONTREAL — Almost 40,000 Canadians have fled their homes under threat of huge wild fires, with British Columbia facing its largest emergency evacuation ever, officials said Monday.

Build, build, and destroy

Grassroots & Governance
Teresa S. Abesamis

It is truly encouraging that the current administration is pursuing physical infrastructure building in Metro Manila and key cities around the country. Plans have also been announced for bridges, railways and other ways to connect areas more expeditiously around our archipelago, which is running behind our neighbors in infrastructure, where once upon a time, before the disruptive and overly prolonged Marcos era, we were ahead of our ASEAN neighbors. Fortunately, the government of Benigno S. C. Aquino III enriched our government coffers, giving the present administration a head start. If it succeeds, the Duterte administration can leave a legacy for much hardware. It is however, in software (justice, human rights, public moral standards, quality of media, institution building) that there is cause for much distress.

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