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Fighting for survival

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The livelihood of Masinloc fishermen hangs in the balance as the Duterte government mulls its next step after Hague victory.

Panting as if in chorus, a group of men hoisted a banca off a truck on which 10 other boats were stacked.

Those motorized bancas — donated by the Bureau of Fisheries and Aquatic Resources (BFAR) to the Masinloc fisher folk — can carry a catch of up to 300 kilos.

That’s just a fraction of the five-ton commercial fishing vessels these men rode off Zambales’ coastlines to the fishing grounds of Scarborough Shoal, where the bigger, more valuable mackerel (tanigi), yellow tail fusilier (dalagang bukid) and trevally breed.

Simula nung matigil kami, ngayon lang kami nakatikim ng biyaya sa gobyerno. (This is the first time we’ve received aid from the government since we were driven away from the shoal),” said Miguel Batana from the coastal town of Sta. Lucia who had Bajo de Masinloc (Scarborough Shoal) as his fishing ground for two decades until 2013.

It was that year when the Philippines haled China to an arbitration court in Hague following a standoff in the flashpoint area in 2012 that started when the Philippine Coast Guard tried to arrest Chinese poachers who had looted giant clams, endangered turtles and sharks.

Over a month has passed since the Permanent Court of Arbitration issued the July 12 ruling against China — declaring Beijing’s claim over much of South China Sea has no legal basis and that all its actions there were out of bounds — but Mr. Batana and his friends still fear going near Scarborough Shoal.

His last encounter with what he described were “armed Chinese” men aboard “rubber boats” were still vivid in his memory. “Nitong huli talagang may dalang armas. Hindi naman nagpaulan ng bala. Pero pinaligiran ng rubber boats ang bangka namin. (They were armed. We weren’t shot at, but they surrounded and intimidated us aboard their rubber boats,” the 48-year old Filipino fisherman said in an Aug. 2 interview.

Given their size and capacity, the boats from BFAR are good just for municipal waters that stretch up to 15 kilometers from the coastline. Scarborough Shoal lies 124 nautical miles (199.5 kilometers) off Zambales, according to the Philippine Coast Guard.

That meant a smaller catch for Mr. Batana whose earnings now shrank to less than P1,000 a day from P5,000 before. “It’s better than nothing,” the father of three said in Filipino.

The boats too would allow another beneficiary, Biany Mula, who used to sail commercial fishing vessels, to return to the seas but this time staying close to the shore with the artisanal fishermen.

“I’ve been driving only tricycles since 2013,” he said, referring to his means of living after the commercial fishing operator who hired him and Mr. Batana ended their Scarborough trips given the maritime dispute.

The BFAR lists 3,330 Masinloc fishermen registered with it, about “20-30%” of them made long distance trips out to Scarborough Shoal, Provincial Fisheries Coordinator Neil D. Encinares said in an Aug. 11 interview. The agency, which has the mandate to partly ensure food security through laws and policies governing the use and conservation of the country’s fishery resources, distributed 65 boats to Masinloc municipality this month.

But the BFAR can’t govern municipal waters, which are instead under the local government’s ambit.

The municipal mayor’s office was crowded with fisher folk, farmers and community workers seeking a few minutes with Masinloc Mayor Arsenia Lim.

She was barely two months old in her post when the July 12 historical Hague ruling was handed down and yet her constituencies wanted to know how soon they can return to Scarborough Shoal without being sprayed with water cannons.

Mahirap na habang may negotiation, pupunta kami doon na para kaming sutil. Magugulo pa usapan. (We don’t want to appear strubborn, going there and compromising negotiations),” Ms. Lim said in an Aug. 2 interview at her office.

She was referring to the Duterte government’s decision to take the diplomatic route in resolving the maritime dispute with Beijing. “We will follow the President’s directive. Bilang ina ng Masinloc, ayokong may anak na masasaktan. Hahanap kami ng hanapbuhay. (As Masinloc’s mother, I don’t want my children hurt. I will find livelihood for them.),” Ms. Lim said.

But the new Masinloc mayor, whose May 9 election win ended what she said was a three-decade rule by the same clan, inherited headaches associated with managing the municipal waters.

Fish cages have been owned by just five operators since the municipality began issuing permits in 1997. In 2002, Masinloc’s policymaking municipal council issued a moratorium on fish cage applications, further limiting the number of operators.

“There’s a moratorium [still in place]. No new operators,” said Olivia E. Gregorio, environmental management specialist at the Masinloc municipal office, adding that the same lot get to renew their permit annually after securing clearance from the Environment department.

Now, Ms. Lim said she plans a review of the guidelines in issuing permits. “When I took over, the fish cages were owned by the rich and the shoreline could no longer accommodate new ones, thus sidelining our smaller fishermen,” the mayor said in Filipino.

Also, rogue fishing vessels from as far as Nasugbu in Batangas and in Cavite, she said, had been poaching from the payao built supposedly for Masinloc artisanal fishermen — the bandits’ dynamite fishing methods killing what’s left for the real owners.

Republic Act No. (RA) 8550, or the Philippine Fisheries Code of 1998 and amended by RA 10654, defines payao as “a fish aggregating device consisting of a floating raft anchored by a weighted line with suspended materials such as palm fronds to attract pelagic and schooling species common in deep waters.”

“The payao is the best option for now for those vessels that cannot go to Scarborough. It attracts the yellow fin, tuna and other bigger species like salmon,” the municipal mayor said. “But our Masinloc fishermen are up against an armed syndicate.”

It’s a menacing problem that Ms. Lim has written a letter directly addressed to President Rodrigo R. Duterte asking the Chief Executive “to help our fishermen in any way you may.”

“As someone new in the field of politics and with the situation that I and my town people are faced with in regard to our ongoing dispute in territory particularly in Bajo de Masinloc, I am thankful and yet a little concerned of the decision that was handed down by the UN Arbitral Tribunal on July 12, 2016,” read the mayor’s draft letter dated Aug. 1 and seen by BusinessWorld.

In her letter to the President, Ms. Lim cited dynamite fishing that destroys the payao, theft at fish cages and the use of superlight by foreign fishermen as “challenges” that “make fishing even more difficult” for her constituents.

“I appeal for protection of our fishermen both from local and foreign ones who are into illegal activities. I strongly believe that some of the difficulties do not only arise from the bullying of the China government but also from our own ranks,” the letter read.

With neither municipal waters nor the fishing grounds of Scarborough Shoal entirely safe for them and without guarantee there will be enough food on their tables everyday, the fishermen of Masinloc still look to Mr. Duterte for long-term solutions and watch how he will deal with the Chinese in bilateral talks that are about to unfold.

Nitong huli talagang may dalang armas. Hindi naman nagpaulan ng bala. Pero pinaligiran ng rubber boats ang bangka namin. (They were armed. We weren’t shot at, but they surrounded and intimidated us aboard their rubber boats,” Miguel Batana said as he described an encounter with “armed Chinese” men aboard rubber boats.

Sixty-three-year-old Fred Manzano earnestly remembers how he and his fellow fishermen would hop onto Vietnamese boats those nights they navigated the waters surrounding Scarborough Shoal, a fishing ground whose resources he said were shared with their peers from another part of Asia.

Sailing off the coast of Masinloc to Scarborough Shoal would take them 18 hours when the waves were kind, and with their boats moored there for three nights, a drink freely offered by the Vietnamese fishermen was a relief.

“The Vietnamese would wave at us gesturing like ‘come.’ I’d jump onto their boat and there they’d give us hot coffee or tea. I really like their coffee,” Mr. Manzano, whose last trip to Scarborough was three years ago, said in Filipino.

“We understood each other only by hand signals,” he recounted, adding that the foreign-speaking strangers had become his “friends.”

The accounts of fishermen from this coastal community — which while tiny could play a big role in an entire nation’s fight for traditional fishing rights in the resource-rich area — could be proof that Scarborough Shoal, or Bajo de Masinloc to the Philippines, is common fishing ground for Filipinos and Vietnamese alike as well as for the Chinese and other nationalities.

The Permanent Court of Arbitration at the Hague, in its landmark July 12 decision, did not rule on sovereignty over Scarborough Shoal but said that China’s blocking of access to it since 2012 is illegal.

The arbitration court hammered home its finding that the “Scarborough Shoal has traditionally been used as a fishing ground by fishermen from different states” in a statement that followed the Hague ruling.

“Although the Tribunal emphasized that it was not deciding sovereignty over Scarborough Shoal, it found that China had violated its duty to respect the traditional fishing rights of Philippine fishermen by halting access to the Shoal after May 2012,” read the Hague court statement released also on July 12.

“The Tribunal noted, however, that it would reach the same conclusion with respect to the traditional fishing rights of Chinese fishermen if the Philippines were to prevent fishing by Chinese nationals at Scarborough Shoal.”

Since which party owns it was an issue not settled, Scarborough Shoal is low-hanging fruit that could provide the take-off point for bilateral talks between Manila and Beijing, two members of the delegation that fought the Philippine case at the Hague said.

It’s neutral ground for discussions that would not be tantamount to giving up gains from the arbitration — nor would it mean abandoning the legal track which was something critics of bilateral talks earlier feared given mixed signals from the Duterte administration on its China policy.

“We have to sit down with China and decide the ground rules on fishing in a common area — what’s the allowable catch for each country, what are the protocols so they would not quarrel because we have to have sustained fishing there… We must agree on how many tons a year each country can take. That shoal cannot satisfy everybody,” Supreme Court Senior Associate Justice Antonio T. Carpio told BusinessWorld in an interview on Aug. 11.

Albert F. Del Rosario, under whose term as Foreign Affairs secretary the Philippines sought arbitration on its maritime dispute with a regional power and scored a historical victory, said: “It’s a good idea especially as both China and the Philippines are allowed to fish there.”

“There should be a modus vivendi that could be established. That could be a beginning,” he said.

“At the end of the day, you’re looking for a finality in terms of adhering to what has been passed by the award.”

The Philippines has not gone that far yet. But at the conclusion of his visit to Hong Kong last weekend, former President Fidel V. Ramos — whom President Rodrigo R. Duterte sent as personal envoy — hinted that Manila and Beijing could sit down for “formal” talks soon.

In what’s viewed as symbolic confidence-building rather than a substantial gesture, Mr. Ramos said his meeting with Fu Ying — chairperson of the foreign affairs committee of the National People’s Congress and herself China’s former ambassador to the Philippines — covered fishing rights.

“Cooperation” — mentioned in the joint statement issued by the two from Hong Kong and dated Aug. 11 — is emerging as the option for a country that cannot hope to match China’s military and economic prowess.

The Philippine Coast Guard stationed at Masinloc confirmed at least nine reported incidents between 2012 and August 2016 of Philippine fishing vessels being rammed by Chinese boats in an attempt to drive them away from Scarborough Shoal.

Two coast guards interviewed by BusinessWorld believe sovereignty of Scarborough Shoal — which in the 1990s was used by the US as a shooting range given its proximity to the naval base in Subic — lies with the Philippines, as it is located 124 nautical miles off Masinloc’s shoreline and within the country’s 200 nautical miles exclusive economic zone.

But the Hague ruling read in part: “In the Tribunal’s view, Scarborough Shoal is a ‘rock’ for purposes of Article 121 (3).”

Geographic features are crucial in determining maritime zones and exploitation rights, and Article 121 (3) of the United Nations Convention on the Law of the Sea — which the Hague court cited — provides that “[r]ocks which cannot sustain human habitation or economic life of their own shall have no exclusive economic zone or continental shelf.”

Fishermen from Masinloc town, who fish at the Scarborough Shoal, and activists carry a wooden fishing boat during a protest outside the Chinese consulate in Manila on July 12, 2016, ahead of a UN tribunal ruling on the legality of China’s claims to an area of the South China sea contested by the Philippines. AFP

International law expert Gilbert Andres, counsel for Masinloc fisherfolk who are asking the United Nations to step in and urge China to respect their right to food, said China only has “de facto control over Scarborough Shoal and that force can never be a means of acquisition of territory.”

Still, the Philippine Coast Guard discourages the fishermen from going beyond 90 nautical miles off Zambales coastline.

Pinapakiusapan po namin na hwag muna silang pumunta (We’re urging them not to go to Scarborough Shoal),” Masinloc Coast Guard Sub-Station (CGSS) Commander Franklin M. Catiggay said in an interview on Aug. 2, adding that his team did not know how much restraint Chinese coast guard will show if Filipino fishermen resist.

In late July, after the Hague court handed down its ruling, the CGSS in Zambales was ordered by Philippine Coast Guard Commandant Rear Admiral William M. Melad to step up monitoring of poachers.

Several other proposals have been offered in dealing with the dispute but the resounding theme is cooperation: a joint fishing agreement with China or declaring some disputed areas as a marine eco park.

But the solution should be one that lasts even after Mr. Duterte ends his six-year term in June 2022, especially for a country that has seen its leaders change policy towards China.

Jose T. Almonte, former security adviser to Mr. Ramos, said China’s ambitions are long-term — unfolding in the next 100 years — while its Presidents serve for up 10 years, consisting of two five-year terms.

“If you look at South China Sea and look at China’s core interest, we cannot expect to resolve this in a few years. You cannot,” Mr. Almonte said in an Aug. 10 interview at his office.

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This is how you can reach out to Marawi through Coins.ph

Onto some serious news. Since the war between government troops and terrorists led by the Maute and Abu Sayyaf groups broke in Marawi City, Lanao del Sur, on May 23, many residents have been forced to flee their homes.

According to the Department of Social Welfare and Development, the nearly 2‑month siege in the predominantly Islamic city has already displaced a total of 101,013 families or 471,224 people. Nearly 4,000 of the families are sheltered in 78 evacuation centers established by the government in Lanao del Sur, Lanao del Norte, and Misamis Occidental while the rest stay in villages in seven Mindanao regions.

A recent report by Lanao del Sur’s local government said 33 evacuees have died due to diarrhea, severe dehydration, sepsis, and pneumonia.

In a bid to help the displaced residents in the besieged city, fintech startup Coins.ph has launched a fund raising program called #TogetherForMarawi.

Through the campaign, the company aims to raise ₱250,000 from its users. As of press time, the company has already raised ₱147,410.

The proceeds of this initiative will be donated to non‑profit organizations Philippine Red Cross and Save the Children to buy food, water, and sanitary items for the refugees in Marawi, Coins.ph said in a press release.

Five pesos for every load purchased or unique bill paid through Coins.ph’s mobile app on July 17 will also be donated to the program.

“The humanitarian crisis in Marawi continues to grow worse every day and we realized that we cannot simply stand by while this happening,” Ron Hose, CEO of Coins.ph, was quoted as saying.

Coins.ph said other fintech companies have also committed to donate “a day’s worth of salary“ for the initiative. These companies include Kickstart VenturesSatoshi Citadel IndustriesTalaBlastAsia, CapChain, PaidUp, QuickReach, WaveMaker PartnersQuona CapitalPawnHero, and Kalibrr.

“Marawi hits close to home for Kalibrr as we have a team member from there, and we’re glad to partner with Coins.ph to enable those with the ability to help those in need,” Paul Rivera, CEO of Kalibrr, was quoted as saying.

Updates about the campaign can be viewed through www.coins.ph/marawi.

Money lessons from Robert Kiyosaki

Money is pretty intimidating for most people, and learning about money is probably even more daunting. But, here are two books by Robert Kiyosaki that will slowly ease you into the wonderful world of money the same way they have for us.

“Rich Dad Poor Dad” and “Retire Young Retire Rich” are among the first few books that jumpstarted our financial journey. Kiyosaki’s books are very inviting. He writes in such an easy‑to‑understand manner and newbies will find terms and concepts relatable and digestible. What’s also nice about Kiyosaki is that he has the tendency to repeat topics he wants to emphasize, and he does this with such ease and clarity. By doing so, readers will definitely remember his insights and will surely leave you with much to think about.

Here are our 5 most memorable takeaways from Kiyosaki’s Money 101 books:

    • Think rich.

There’s a certain way of thinking you get from wealthy people, so if you want to be wealthy, you need to associate with them and learn how they think, act, speak and interact. It’s exactly this frame of mind that separates the rich from the middle class and the poor. Instead of thinking “I can’t afford it,” the rich would rather think “How can I afford it?” making it more actionable and doable. It’s this kind of point of view that gets them ahead of the pack. It builds them a strong and sound financial foundation that will withstand any kind of roadblock, like fluctuations in the economy or any financial drawback.

    • Identify your sources of income.

Assets and liabilities are easily mistaken for one another. It’s important to know the difference because one gets more money into your pocket and the other pushes money out of it. According to Kiyosaki, most people think that a house is an asset. He challenges this by saying that a house can only be an asset if it lets you earn from it. Otherwise, it’s a liability.

He also teaches us the cashflow quadrant (E‑S‑B‑I). This quadrant identifies four sources of income: E for employment, S for Self‑employment/ Small business, B for big business and I for Investments. E and S are sources where people should work for money while B and I earn passive income, where money works for them. Knowing exactly these kinds of delineations make big differences in learning more and more about managing your finances.

Art Samantha Gonzales

    • Make money work for you.

Once you’ve identified your sources of income, it’s important to know how to maximize them. Kiyosaki teaches us the magic of passive income. Passive income can be earned from real estate properties, various kinds of investments, and businesses. By doing so, you earn regularly without having to really work for it physically. That’s the beauty of it: you are making money work for you instead of the other way around.

    • Use other people’s time and money.

Through Kiyosaki’s books, we have been exposed to many other sources of income by using OPM (Other People’s Money) and OPT (Other People’s Time). We’ve learned to use good debt from banks and investors to grow our businesses and passive income in real estate. You may even use other people’s education too, and get yourself good financial advisors to help you with your businesses. It’s all about using the available resources around you and maximizing them to your advantage.

    • Leverage.

The concept of leverage is one of Kiyosaki’s most important and interesting lessons. According to him, if you want to retire young and retire rich, you need to use the leverage of your mind in your favor. Once you’re able to do that, the leverage of your plan and the leverage of your actions will follow.

Kiyosaki discusses the difference between people without leverage working for those with leverage. The poor and the middle class often shy away from financial tools of leverage thinking that they are too risky. Instead, they like using physical leverage—or also called hard work. While there really is nothing wrong with hard work, it does not get you to your goal as fast, as easy and as much as you want it to. Imagine these people working hard day‑in and day‑out with only having 24 hours a day. Working hard physically is not enough and will not get you ahead financially. You’ll most likely just end up in someone else’s leverage. Think about this, if you are working hard physically, how long do you think it would take you to save $1 million? Compare it to someone borrowing $1million at 10% interest, receiving 25% returns per year. Who do you think will get richer in the long run? This is what financial leverage is all about.

Already feeling quite an expert after that crash course, right? Kiyosaki’s books are just the beginning of your exciting journey about money. We invite you to start reading up and starting thinking rich because we want nothing more than to see all of us retiring rich and retiring young.


Clarissa Seriña‑de la Paz and Sharon W. Que are financial literacy advocates and the bestselling authors of “I Wish They Taught Money in School” and “Money Grows on Trees” Check out their books at www.lifestyleupgrade101.com. Get 10% off, plus a free notepad and bookmark, by sharing this story with the hashtags #MoneyMonday and #SparkUp. Remember to make your post public!

Overseas Filipinos’ cash remittances

REMITTANCES from overseas Filipino workers (OFWs) recovered in May, the Bangko Sentral ng Pilipinas (BSP) announced yesterday, staying on track to a full-year target and helping to fuel household spending that contributes nearly 70% to national output. Read the full story.

Financial disruption ahead

“The Philippines is ready for financial disruption,” declared Jose Modesto Rubio, president and CEO of Globe Telecom‑owned fintech startup Mynt.

Mr. Rubio leads the company behind micro payment service platform GCash and personal and business loan provider Fuse.

During the Techonomy 2017 forum on July 7 at Maybank Performing Arts Theatre in BGC, Taguig City, he said the Philippine market is “ripe” for disruption as mainstream financial institutions have not provided a large majority of Filipinos with financial services.

“Technology is transforming every aspects of our lives. Unfortunately, in the Philippines technology hasn’t touched financial services yet,” he said. “But a wave of disruption driven by mobile technology is coming. Mobile technology will make financial services more accessible to Filipinos.”

He said the country’s readiness for financial disruption can be manifested through GCash and Fuse users, adding that, the two platforms have recorded 67% user growth in the past six months—doubling the number of their active users—and about 100,000 app downloads per month.

“This (financial disruption) is not impossible. This is already happening. It’s happening in China, it’s happening in India, and it’s happening in the Philippines today,” Ms. Rubio said.

The challenge he sees in making this disruption possible lies in the awareness of Filipinos and capacity of financial institutions to provide enough services.

“Financial services play an important role in the everyday lives of Filipinos. However, the biggest problem is the lack of financial access available in the market,” he said.

The results of the quadrennial Consumer Finance Survey conducted by the Bangko Sentral ng Pilipinas show that only two in 10 Filipino families have been saving money in banks. The survey says only 70% of those with bank accounts have interest earnings while only about two percent of households have credit cards.

“Mobile financial services present an opportunity to disrupt mainstream financial services to serve millions of financially underserved Filipinos,” he said.

3 inmates killed in Jolo jailbreak

THREE INMATES were killed Sunday and another was wounded after escaping from jail in a southern Philippine island that is the stronghold of Islamist militants, police said.

SSS collects over P5 billion in overdue credit payments

By Janine Marie D. Soliman
Reporter

STATE-RUN Social Security System (SSS) said it accumulated over P5 billion in overdue credit payments through its one-year payment scheme and is seeking to gain around P9 billion in the next five years.

Davao holds Global Cebu to 0-0 draw

By Michael Angelo S. Murillo
Reporter

DAVAO Aguilas FC put up a gallant stand against Global Cebu FC on Saturday night at the Philippines Football League, holding the latter to a nil-nil draw at its home turf of Cebu City Sports Complex (CCSC).

MPIC mulls bid to operate Clark airport terminal

METRO PACIFIC Investments Corp. (MPIC) is interested in taking over the operations and maintenance (O&M) of Clark International Airport’s proposed new terminal when the contract is bid out by the government.

clark_airport
Bidding for both the construction and O&M of the Clark airport is scheduled this year.

“Yes, we’ll take a look at it,” MPIC Chairman Manuel V. Pangilinan told reporters last week when asked if the infrastructure conglomerate would be interested to join the bidding of the O&M component of the Clark Airport expansion.

The government earlier this year announced it will pursue the P12.55-billion Clark International Airport Expansion Project on its own and eventually bid out the O&M contract for the airport.

It will offer to investors this month the contract to build an 82,600-square-meter terminal building that will be designed to accommodate eight million passengers a year, nearly double the current 4.2 million capacity, and should be completed by 2019.

“I think lahat ng UP (unsolicited proposal), na-submit na so, what the government is bidding out is the construction of the new terminal and then O&M so yeah [we’re interested],” Mr. Pangilinan further said.

Bidding for both the construction and O&M of the Clark airport is scheduled this year. The government had said it will not wait for the construction of the airport to finish before bidding out the O&M contract, citing the need for the private operator to have inputs in the design and construction.

Vivencio B. Dizon, Bases Conversion and Development Authority (BCDA) president and chief executive officer, earlier said the tender for the maintenance and operation of the expanded Clark airport will take place a few months after the bidding for the construction of the new terminal.

MPIC earlier submitted an unsolicited proposal to rehabilitate and expand Clark, despite pronouncements from government that it will pursue the project on its own first, and eventually bid out the operations and maintenance contract.

Aside from MPIC, Megawide Construction Corp., along with Bangalore-based airport operator GMR Infrastructure Ltd., earlier expressed interest in developing the gateway in Clark. Last year, the company submitted a $5-billion unsolicited proposal to develop the Clark airport to the government. The Filinvest Group and JG Summit Holdings, Inc., also turned in a $3.7-billion unsolicited proposal for the expansion and upgrade of the gateway in Pampanga.

The government rejected these proposals and decided to pursue the project that will test the waters for a “hybrid” financing scheme that will see a mix of state funding and public-private partnerships (PPP) for the O&M component of the project.

The government, which has made infrastructure its priority, has said it will reduce reliance on PPP which it says takes too long to implement projects as some losing bidders stall the progress of major projects by securing court injunctions after questioning the bidding process.

The government has been promoting Clark as an alternative gateway to help decongest the Ninoy Aquino International Airport (NAIA) which has been accommodating passenger traffic far above its designed capacity. In 2016 for example, NAIA reported that it handled 39.5 million passengers, against its rated capacity of 30.5 million.

MPIC is one of three Philippine subsidiaries of Hong Kong-based First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., maintains interest in BusinessWorld through the Philippine Star Group, which it controls. — Imee Charlee C. Delavin

2018 budget for OP slashed

By Ian Nicolas P. Cigaral
Reporter

THE PROPOSED budget for the Office of the President (OP) has been slashed in the proposed expenditure program next year, Budget Secretary Benjamin E. Diokno said in an interview at Malacañang on Thursday, July 13.

Muguruza stuns Venus

LONDON — Garbine Muguruza stormed to her first Wimbledon title and shattered Venus Williams’ history bid with a majestic 7-5, 6-0 victory in Saturday’s final.

The need for speed

OUR MOVEMENT in the world is measured by time, and in a world that moves faster, perhaps it’s a good idea to wear a watch that looks like it can move as quickly as the world that surrounds us.

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