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Donald Sutherland, star of ‘M*A*S*H’ and ‘The Hunger Games’, dead at 88

Donald Sutherland accepting the Crystal Nymph Award | CC3.0: Attribution-Share Alike 3.0 Unported | source: https://commons.m.wikimedia.org/wiki/File:Donald_Sutherland.JPG

Donald Sutherland, one of Canada’s most versatile and gifted actors, who charmed and enthralled audiences in movies such as “M*A*S*H,” “Klute,” “Ordinary People” and “The Hunger Games,” has died at the age of 88.

The actor, whose lengthy career spanned from the 1960s into the 2020s, died on Thursday, his son, actor Kiefer Sutherland, said on social media.

A tall man with a deep voice, piercing blue eyes and a mischievous smile, Donald Sutherland switched effortlessly from character roles to romantic leads opposite the likes of Jane Fonda and Julie Christie. He also played his share of oddballs and villains.

One of the biggest stars in Hollywood in the 1970s, he remained in demand for film and TV projects into his 80s. Known for his unconventional looks and his versatility as an actor, Sutherland played a wide range of memorable characters.

These included a rascally Army surgeon in “M*A*S*H” (1970), a quirky tank commander in “Kelly’s Heroes” (1970), a small-town detective in “Klute” (1971), a stoned and libidinous professor in “Animal House” (1978), a local official facing an alien presence in “Invasion of the Body Snatchers” (1978) and a despairing father in “Ordinary People” (1980). He won a new generation of fans with his glorious portrayal of a despotic president in “The Hunger Games” (2012) and its sequels.

“I wish I could say thank you to all of the characters that I’ve played, thank them for using their lives to inform my life,” Mr. Sutherland said in his speech accepting an honorary Academy Award for lifetime achievement in 2017.

Kiefer Sutherland said his father was “never daunted by a role, good, bad or ugly.”

“He loved what he did and did what he loved, and one can never ask for more than that. A life well lived,” Kiefer Sutherland wrote on X.

Donald Sutherland was born on July 17, 1935, in Canada’s New Brunswick province, and was raised in Nova Scotia. He performed in school productions in college, moved to Britain to hone his craft, then moved to the United States, where his first big break came as a member of a top-notch ensemble cast in the war film “The Dirty Dozen” (1967).

He rocketed to fame three years later playing nonconformist surgeon Hawkeye Pierce in director Robert Altman’s Korean War satire “M*A*S*H” (1970). The film – later spun off into a TV series – depicted hijinks at a Mobile Army Surgical Hospital, tapping into the anti-war sentiment among many Americans during the Vietnam War era.

Also in 1970, Sutherland starred alongside Telly Savalas and Clint Eastwood in “Kelly’s Heroes” as Sergeant Oddball on a mission to steal gold from the Nazis.

The following year, he was paired with Fonda, one of Hollywood’s luminaries, in “Klute,” and then in 1973 played a grieving father in “Don’t Look Now” that included a sizzling sex scene with Christie. “Klute” sparked a romance with Fonda, with whom he was active in the anti-Vietnam War movement.

His 1978 films could not have been more different. In the uproarious comedy “Animal House,” Mr. Sutherland played a professor who sleeps with the girlfriend of a fraternity member. “Invasion of the Body Snatchers” was a successful sci-fi remake of a classic 1956 original, telling the story of alien pods that take over human beings.

Mr. Sutherland’s performance in “Ordinary People,” Hollywood superstar Robert Redford’s directorial debut, helped the 1980 film win four Academy Awards, including best picture. Sutherland starred alongside Mary Tyler Moore and Timothy Hutton in this exploration of the splintering of a Midwestern family.

In the 1990s he appeared in films including “JFK” (1991), “Backdraft” (1991), “Buffy the Vampire Slayer” (1992), “Outbreak” (1995), “A Time To Kill” (1996) and “Instinct” (1999) and won an Emmy Award for his performance in the 1995 HBO TV movie “Citizen X.” In the 2000s, he appeared in the acclaimed “Cold Mountain” (2003) and “Pride & Prejudice” (2005).

In the “Hunger Games” films in the 2010s about a dystopian future in which teenagers are sent into a deadly competition as mass entertainment, he reveled in playing the villainous President Coriolanus Snow.

“The reality was he had a country to run. At least he was running it, which is more than you can say for some people,” Mr. Sutherland told the Los Angeles Times in 2017.

“It was funny at the beginning with ‘The Hunger Games’ to walk through an airport and suddenly you feel this tug and you look down and it’s some young person – always a girl, never a boy,” Mr. Sutherland said. “And her mother is standing there and they say, ‘Could you take a photograph with my daughter?’ And we’d be standing beside each other and I’d be looking at the camera and the girl would say, ‘Could you look mean?'”

Tributes to Mr. Sutherland came in across Hollywood and Canada on Thursday.

Ron Howard, who directed Sutherland in “Backdraft,” called him “one of the most intelligent, interesting and engrossing film actors of all time.”

Mr. Sutherland had “incredible range, creative courage & dedication to serving the story & the audience with supreme excellence,” Mr. Howard wrote on X.

Canadian Prime Minister Justin Trudeau, speaking to reporters in Nova Scotia, said Sutherland “was a man with a strong presence, a brilliance in his craft and truly, truly a great Canadian artist.”

Mr. Sutherland was considered among the best actors to never receive an Academy Award nomination for any of his roles. He was married three times and had five children, including Kiefer. –Reuters

Building permit approvals pick up by 12.8% in April

By Karis Kasarinlan Paolo D. Mendoza

APPROVED building permits rose by 12.8% in April, a reversal from a 12.2% drop a year ago, the Philippine Statistics Authority (PSA) said in a report on Wednesday.

Preliminary data showed that building projects covered by the permits totaled 13,332 in April from 11,822 a year ago.

April’s year-on-year growth was also a turnaround from the revised 14.2% contraction in March.

Building projects in April covered 3.35 million square meters (sq.m.) of floor area, up by 35.5% year on year.

Construction projects represented by the permits were valued at P39 billion, up 30.8% from P29.82 billion a year ago.

The double-digit year on year growth rate in building permits is partly due to lower base effects amid the continued growth in the country’s economy as reflected by the gross domestic product (GDP), as well as the recovery of many industries with the lifting of Covid-related restrictions in July 2023, Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp., said in an e-mail.

“The economy continued to recover and continued to benefit the [real estate and property] industry, especially in high-growth areas around the country as manifested by the boom in [real estate and property] prices in recent [months],” he added.

The country’s economy grew by 5.7% in the first three months of the year.

Permits for residential projects, which accounted for 65.7% of the total, rose 9.6% to 8,764.

These projects were valued at P17.09 billion, against the P12.95 billion recorded a year earlier.

Single homes made up 82.2% of the residential category with approved permits inching down by 0.2% to 7,202.

Applications for apartment buildings grew by 111.1% to 1,421 while applications for duplex or quadruplex homes were up by 36.8% and totaled 130.

Nonresidential projects likewise grew 18.3% year on year with 3,057 permits accounting for 22.9% of the total.

Nonresidential permits were valued at P17.54 billion, jumping 27.2% from P13.79 billion in April last year.

Approved commercial construction applications made up 70.8% of nonresidential projects, up 17% to 2,165.

Institutional and industrial permits rose 34.9% and 23.4% to 468 and 243, respectively.
Alteration and repair permits amounted to 927, up 16.6% annually and valued at P3.21 billion.

Permits for addition — construction that increases the height or area of an existing building — jumped 31.2% to 584.

Calabarzon (Cavite, Laguna, Batangas, Rizal, and Quezon) had the most approved construction projects, making up 25% of the total with 3,339 permits, followed by Central Luzon (2,076 permits), and Central Visayas (1,558 permits).

Mr. Ricafort expects US and local interest rates to affect construction activities and building permits in the future.

“Going forward, any possible cut in [US] interest rates later in 2024 and in 2025 that could be matched locally, would eventually help spur greater demand for [loans] that could lead to more [construction] activities and the necessary permits,” he said.

The Fed kept its policy rate at 5.25-5.5% on June 12, pushing rate cuts to as far back as December, Reuters reported.

The PSA said that construction statistics are compiled from the copies of original application forms of approved building permits as well as from the demolition and fencing permits collected every month by the agency’s field personnel from the offices of local building officials nationwide.

Why food prices will remain high in India

STOCK PHOTO | Image by jorono from Pixabay

Food inflation in India, driven by supply-side factors like adverse weather affecting crops, has remained at around 8% year-on-year since November 2023 and is unlikely to ease any time soon, despite early arrival of monsoon rains and forecasts of above-normal rainfall.

Elevated prices of food, which accounts for nearly half of the overall consumer price basket, has kept headline inflation above the central bank’s target of 4%, preventing it from cutting interest rates.

 

WHAT IS DRIVING FOOD INFLATION HIGHER?

A drought last year and an ongoing heat wave have significantly reduced the supplies of foods like pulses, vegetables, and cereals.

Curbs on food exports and reducing tariffs on imports have had little effect.

Although vegetable supplies generally decrease during the summer months, this year’s decline is much more pronounced. Temperatures in nearly half of the country are soaring 4-9 degrees Celsius above normal, spoiling harvested and stored vegetables and hindering the planting of crops such as onions, tomatoes, eggplant and spinach.

Farmers usually prepare vegetable seedlings before the June-September monsoon rains and transplant them to the main fields afterward. However, this year, the excessive heat and water scarcity have disrupted both seedling planting and replanting, further exacerbating the shortage of vegetables.

 

WHY HAS THE MONSOON NOT HELPED?

The annual monsoon, on which India’s agricultural output is dependent, arrived early in the southern tip of the country and advanced swiftly to cover the western state of Maharashtra ahead of schedule. However, this initial momentum soon waned, resulting in a 18% rainfall deficit so far this season.

Besides triggering the heat wave, the weakened monsoon has delayed the planting of summer-sown crops, which can only proceed at full pace with sufficient rainfall.

Despite June’s patchy rains, India’s weather office has forecast above average rainfall for the rest of the monsoon season.

 

WHEN WILL PRICES COME DOWN?

Vegetable prices are expected to fall from August onwards if the monsoon revives and covers the entire country as per the usual schedule. However, floods or a prolonged dry spell in July and August could disrupt the production cycle.

Prices of milk, cereals and pulses are unlikely to decrease soon due to tight supplies. Wheat supplies are dwindling, and the government has announced no plans to import grain, which will allow wheat prices to rise further.

Rice prices may increase as the government on Wednesday raised the minimum support price, or buying price, of paddy rice by 5.4%. Supplies of pulses, such as pigeon peas, black matpe and chickpeas, were severely affected by last year’s drought, and will not improve until the new season crops are harvested.

Sugar prices are likely to remain high as next season’s production is expected to fall due to lower planting.

 

CAN GOVERNMENT INTERVENTION HELP?

Yes, government interventions such as restricting exports and easing imports can help bring down the prices of some food commodities. However, the government can do little when it comes to prices of vegetables, which are highly perishable and difficult to import.

The government has implemented various measures to bring down food prices by restricting exports of sugar, rice, onions and wheat. However, these measures have proved unpopular among farmers, and led to losses in the general election for the ruling Bharatiya Janata Party in rural areas.

State elections are approaching in Maharashtra and Haryana, where a significant farmer population will decide the outcome. The central government has been trying to win back farmers’ support and may allow prices of some crops to rise instead of taking aggressive measures before the elections, which are due in October. – Reuters

 

Hawaii agrees to ‘groundbreaking’ settlement of youth climate change case

STOCK PHOTO | Image by coyotelang from Pixabay

Hawaii on Thursday agreed to take action to decarbonize its transportation system by 2045 to settle a lawsuit by 13 young people alleging the US state was violating their rights under its constitution with infrastructure that contributes to greenhouse gas emissions and climate change.

Democratic Governor Josh Green announced the groundbreaking” settlement at a news conference attended by some of the activists and lawyers involved in the lawsuit, which they called the first-ever youth-led climate case seeking zero emissions in transportation.

They argued that the state had prioritized infrastructure projects such as highway construction and expansion that lock in the use of fossil fuels rather than focusing on projects that cut carbon emissions.

“We’re addressing the impacts of climate change today, and needless to say, this is a priority because we know now that climate change is here,” Mr. Green said. “It is not something that we’re considering in an abstract way in the future.”

The case had been set for trial on Monday. It would have been the second-ever trial in the United States of a lawsuit by young people who claim their futures and health are jeopardized by climate change and that a state’s actions violated their rights.

As part of the settlement, Hawaii will develop a roadmap to achieve zero emissions for its ground, sea, and inner island air transportation systems by 2045, the year by which the state was already aiming to become carbon neutral.

The agreement, which can be enforced in court, calls for the creation of a volunteer youth council to advise the state’s Department of Transportation, which committed to reworking its planning to prioritize reducing greenhouse gasses and creating a new unit dedicated to decarbonization.

The department also plans to dedicate at least $40 million to expanding the public electric vehicle charging network by 2030 and accelerate improvements to the state’s pedestrian, bicycle and public transit networks.

Leinā’ala Ley, a lawyer for the youth activists at Earthjustice, said the “agreement gives Hawaii a boost in our race against climate disaster and offers a model of best practices that other jurisdictions can also implement.”

The case is one of several by young environmental activists in the United States that broadly accuse governments of exacerbating climate change through policies that encourage or allow the extraction and burning of fossil fuels.

The young people, also represented by the nonprofit law firm Our Children’s Trust, claim the policies violate their rights under U.S. or state constitutions.

The cases have raised novel legal claims and have been dismissed by several courts. But the young activists scored a major victory last year when the first such case went to trial in Montana.

In that case, a Montana judge concluded that the Republican-led state’s policies prohibiting regulators from considering the impacts on climate change when approving fossil fuel projects violate the rights of young people.

The lawsuit against Hawaii was filed in 2022 and alleged the state Department of Transportation was operating a transportation system that ran afoul of state constitutional mandates and impaired their right to a life-sustaining climate.

The plaintiffs, ages 9 to 18 when the case was filed, argued that the state was violating a right guaranteed by the Hawaii Constitution to a clean and healthful environment and its constitutional duty to “conserve and protect Hawaii’s natural beauty and all natural resources.”

The state spent $3 million fighting the case and seeking its dismissal, arguing the zero emissions target and other state laws adopted by the state legislature promoting reduced carbon emissions were “aspirational” and could not form the basis of claiming the state was violating the young people’s rights.

But Judge Jeffrey Crabtree in Honolulu rejected that argument in April 2023, saying the laws required timely planning and action to address climate change and that the state’s inactions had already harmed the plaintiffs.

“Transportation emissions are increasing and will increase at the rate we are going,” Mr. Crabtree said. “In other words, the alleged harms are not hypothetical or only in the future. They are current, ongoing, and getting worse.” – Reuters

Honoring Apostle Arsenio Ferriol: Commemorating a spiritual leader

Thousands of PMCC 4th Watch members bid farewell to their spiritual leader.

PMCC 4th Watch bids farewell to its father in faith

The Pentecostal Missionary Church of Christ (PMCC 4th Watch) bids a solemn farewell to Apostle Arsenio T. Ferriol, who passed away on May 19, 2024. His final resting place will be in the mausoleum built inside the Apostle Arsenio T. Ferriol (AATF) Sports Complex in Imus, Cavite.

Following his demise, 14 days of mourning was observed, during which thousands of faithful followers gathered to pay their respects and honor the legacy of the revered Apostle. This was followed by another 14 days dedicated to celebrating his remarkable life and profound contributions to the church and its members.

Chief Executive Minister, Bishop Jonathan S. Ferriol, expressed his gratitude for the outpouring of support and love from both members of the church and the public. He assured them that despite the loss of their beloved leader, the entire church leadership is committed to carrying on Apostle Ferriol’s legacy and continuing his important work.

Thousands flocked to the AATF Sports Complex to pay their last respects and honor his memory. His passing has deeply affected not only the members of the PMCC (4th Watch) but also the wider community, reflecting the profound impact he had on countless lives.

In a statement of unwavering faith, Bishop Jonathan S. Ferriol said, “Although we mourn the loss of our beloved Apostle, we take comfort in knowing that he has gone to be with the Lord. His legacy of faith, compassion, and service will continue to inspire and guide us in the days ahead. Let us honor his memory by remaining steadfast in our commitment to God and His work.”

The funeral service and interment of Apostle Ferriol were marked by both solemnity and celebration as the PMCC (4th Watch) community came together and bid farewell to their esteemed leader.

In addition to the formal ceremonies, the PMCC (4th Watch) has organized various activities to commemorate Apostle Arsenio Ferriol’s remarkable contributions. Special prayer vigils, community service events, and memorial lectures are planned to reflect on his teachings and the values he instilled in his followers. These events aim to not only honor his memory but also to strengthen the bonds within the church community and encourage continued spiritual growth among its members.

Apostle Arsenio Tan Ferriol, Goodman of the House

Apostle Ferriol’s teachings focused on the importance of living a life of faith, service, and compassion. His emphasis on missionary work and outreach programs has left an indelible mark on the PMCC (4th Watch), fostering a culture of helping those in need and spreading the message of hope and love. His legacy is evident in the countless lives he touched, both within the church and beyond, through his tireless dedication and unwavering commitment to his faith.

As the community said their final farewell, many shared personal stories and testimonies of how Apostle Ferriol’s guidance and mentorship transformed their lives. These heartfelt tributes have been compiled into different commemorative materials that have been sent to the family of Apostle Ferriol. Some members created paintings, composed songs, videos, and memoirs to show their respect and love for their father in faith and to honor Apostle Ferriol’s enduring influence and the profound impact he had on their lives.

“The barrio boy who became a titan of faith is coming home to his Jesus. My father, my mentor, the barrio boy who was called to become an apostle of God, lived his life serving the Lord, his family, and the community. Though we mourn his passing, we also celebrate the life he lived, for he did his best to do his calling and purpose, and that’s to spread the Gospel in all corners of the world,” Bishop Ferriol stressed.

Church Council and sons of Apostle Arsenio Tan as pallbearers

In the days leading up to the funeral, the church’s social media platforms have been flooded with messages of condolences and support from around the world. Followers shared memories, photos, and videos, creating a digital archive that celebrates the life and legacy of Apostle Arsenio T. Ferriol. This global outpouring of love and respect underscores the far-reaching impact of his ministry and the deep sense of loss felt by the PMCC (4th Watch) congregation.

As the sun set yesterday, the PMCC (4th Watch) came together in unity and faith, drawing strength from each other and from the enduring legacy of their beloved Apostle. Though he may have departed from this world, his spirit and teachings will continue to guide and inspire, lighting the path for future generations to follow.

 


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EDSA busway ridership at 23.3M from January to May

PHILIPPINE STAR/ BOY SANTOS

The Special Action and Intelligence Committee for Transportation of the Department of Transportation (DOTr-SAICT) reported that 23,323,657 passengers have been transported through the EDSA busway from January 1 to May 31, 2024.

In a social media post yesterday, the committee said commuters using the EDSA busway ridership program in January grew to 6,054,779 in May from 3,864,473 in January.

According to Johan G. Martinez, Former Program Manager of the BRT-National Program Management Office (BRT-NPMO) of DOTr, the main objective of the EDSA Busway project is to provide a mass transportation system that can sustain 600,000 trips every day.  

“The 600,000 figure came from the target of the Inter-Agency Task Force (IATF) to open up the economy to essential sectors around June 2020,” Mr. Martinez said. 

SAICT added that implementing strict traffic regulations ensures efficiency and hassle-free transportation along the busway. 

“Strict enforcement along EDSA busway is vital to ensure smooth flow and movement efficiency of buses transporting commuters,” the committee said. 

 

Violators along the EDSA busway 

Despite the government’s efforts to keep things orderly, a few drivers were caught illegally driving at the EDSA busway last Tuesday, June 18.  

According to the report of SAICT, more than 20 vehicle operators were reprimanded and received a ticket amounting to P5,000 due to unauthorized use of the busway.   

“Ang batas ay batas at dapat sundin [Law is law, everyone needs to follow it,]” the department said. 

Most of the apprehended were 4-wheel vehicles and motorcycles. Some motorcycles were impounded also due to driving without a license and registration. – Almira Louise S. Martinez

Jasser June Cruz participates in Go Negosyo Tourism Summit 2024: Promoting economic empowerment and local development

Jasser June Cruz, a key advocate for livelihood program, attended the Go Negosyo Tourism Summit 2024. This summit brought together industry leaders, policy makers, and entrepreneurs to discuss tourism’s future and its impact on community development and economic growth.

Cruz participated in various sessions, gaining insights into sustainable tourism practices crucial for long-term economic benefits and preserving cultural and environmental heritage. He emphasized integrating these practices into local programs to ensure both profitability and sustainability.

He also highlighted the potential of digital platforms to promote local tourism. Using social media, online marketplaces, and virtual tours can help communities reach a broader audience and boost revenue. Cruz expressed enthusiasm for incorporating these tools into his efforts to empower local entrepreneurs.

Networking was a significant aspect of Cruz’s participation. He connected with potential partners, including eco-tourism organizations, digital marketing firms, and government agencies. A promising partnership with an eco-tourism organization is expected to bring new training programs and resources to local communities. Additionally, discussions with digital marketing experts will provide local entrepreneurs with the skills to promote their businesses online.

Cruz’s attendance at the summit underscores his commitment to fostering community growth through innovative and sustainable programs. By integrating the latest trends and forming strategic partnerships, the initiative aims to create lasting positive change.

 


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Japan has no right to meddle in China-Philippines maritime issues, says Chinese embassy in Japan

PHILEMBASSY.NO

 – Japan is not a party to the South China Sea issue and has no right to intervene in ChinaPhilippines maritime matters, a spokesperson for China‘s embassy in Japan said on Friday.

Japan‘s foreign ministry said this week that it was seriously concerned over repeated actions that obstruct freedom of navigation and increase regional tensions, including recent dangerous actions that damaged a Filipino vessel and injured Filipinos onboard.

The Philippine foreign ministry has denounced as “illegal and aggressive” China‘s actions during a routine resupply mission on Monday, which the Philippine military said severely injured a navy sailor and damaged Manila’s vessels.

China denied the allegations as the two countries square off over the Second Thomas Shoal, a disputed atoll inside the Philippines‘ exclusive economic zone in the vast South China Sea.

“We express our strong dissatisfaction and resolute opposition to the fact that the Japanese side has once again made erroneous remarks on the South China Sea issue that manipulate right and wrong, and make unreasonable accusations against China,” the spokesperson said.

China claims almost all of the South China Sea as its own, infuriating neighboring countries. The Permanent Court of Arbitration in 2016 found China‘s sweeping claims have no legal basis, a ruling Beijing rejects.

Japan said it has consistently advocated upholding the rule of law at sea, and will continue to work with the international community, such as ASEAN member states and the United States.

Japan‘s cooperation with the United States and the Philippines must not undermine China‘s territorial sovereignty and maritime rights and interests,” China‘s spokesperson said in a statement.

The US, Canada, Japan, and the Philippines recently wrapped up a two-day joint maritime exercise in Manila’s exclusive economic zone in the South China Sea. – Reuters

PHL posts $2-B BoP surplus for May

US one-hundred-dollar notes are seen in this picture illustration taken in Seoul Feb. 7, 2011. — REUTERS

By Luisa Maria Jacinta C. Jocson, Reporter

THE COUNTRY’S balance of payments (BoP) position swung to a surplus in May, data from the Bangko Sentral ng Pilipinas (BSP) showed.

The central bank reported that the BoP position stood at a surplus of $1.997 billion, a turnaround from the $439-million deficit a year ago.

The country had a $639-million gap in April, while May saw the biggest monthly surplus since $3.081 billion in January 2023.

Philippines: Balance of Payments (BoP) Position

The BoP shows a glimpse of the country’s transactions with the rest of the world. A surplus shows that more funds came into the country, while a deficit means more money fled.

“The BoP surplus in May 2024 reflected inflows arising mainly from the National Government’s (NG) net foreign currency deposits with the BSP, which include proceeds from its issuance of Republic of the Philippines global bonds, and net income from the BSP’s investments abroad,” the central bank said.

The government raised $2 billion from its issuance of the dual-tranche, 10- and 25-year fixed-rate dollar bonds in May. It was the Philippines’ first global bond sale this year.

In the first five months, the BoP surplus shrank by 44.3% to $1.596 billion from $2.866 billion a year ago.

“Based on preliminary data, this cumulative BoP surplus reflected mainly the narrowing trade in goods deficit alongside the continued net inflows from personal remittances, net foreign borrowings by the NG, foreign direct investments, foreign portfolio investments, and trade in services,” the BSP said.

Latest data from the local statistics agency showed the trade deficit shrank by an annual 15.7% to $16.27 billion in the January-to-April period.

At its end-May position, the BoP reflects a gross international reserve (GIR) level of $105 billion, up by 2.3% from $102.6 billion as of end-April.

The level of dollar reserves was enough to cover 7.7 months of imports and payments of services and primary income. It was also about 6.1 times the country’s short-term external debt based on original maturity and 3.8 times based on residual maturity.

An ample level of foreign exchange buffers safeguards an economy from market volatility and is an assurance of the country’s capability to pay debts in the event of an economic downturn.

Security Bank Corp. Chief Economist Robert Dan J. Roces said the growth in cash remittances would help support the BoP position.

“This bodes well for the Philippine peso as it suggests a healthy balance of payments surplus. While the peso has weakened slightly so far this year, a potential rise in tourism and business process outsourcing (BPO) could help it recover,” he said in a Viber message.

Separate BSP data showed that cash remittances rose by 2.8% to $10.782 billion for January to April.

In May, the peso sank to the P58-per-dollar level for the first time since November 2022. 

“We expect a BoP surplus for the year and a slightly stronger peso by yearend,” Mr. Roces added.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the BoP position could improve and lead to an increase in gross international reserves in the coming months.

Mr. Ricafort said this could be due to global bond issuances this year, as well as official development assistance.

The government’s borrowing plan is set at P2.57 trillion this year, 25% of which will come from foreign sources.

Mr. Ricafort also cited the continued growth in OFW remittances, BPO revenues, foreign tourism receipts and other structural US dollar inflows as factors that will boost the BoP position.

The central bank projects a BoP surplus of $1.6 billion this year, equivalent to 0.3% of gross domestic product.

Employers seek delay in wage increase

Labor groups hold a rally calling for a P150 wage hike, as the Regional Tripartite Wages and Productivity Board - National Capital Region held a hearing in Quezon City, June 20. — PHILIPPINE STAR/MIGUEL DE GUZMAN

By Chloe Mari A. Hufana

A GROUP of Philippine textile exporters on Thursday asked the local wage board to delay a proposed wage increase in the National Capital Region (NCR) by a year, saying they have yet to fully recover from losses caused by the pandemic.

This as the Regional Tripartite Wages and Productivity Board – National Capital Region (RTWPB-NCR) on Thursday concluded its first and last public hearing for the proposed wage hikes, which ranged from P100-P750.

“The final part will be wage deliberations. Here, we will discuss the basis for a wage increase and what will justify the amount of the increase,” Board Chairperson Sarah Buena S. Mirasol told reporters after the public hearing.

The wage board is set to release its decision on or before July 20, the anniversary of the last wage order in the capital region.

The daily minimum wage in NCR is P610 for nonagriculture and P573 for agriculture, service/retail establishments with 15 workers or less, and manufacturing establishments regularly employing fewer than 10 workers.

At the hearing, the Confederation of Wearable Exporters of the Philippines (CONWEP) sought a one-year moratorium on wage hikes in NCR saying the garments export industry is still struggling.

A one-year moratorium would allow exporters to fully recover and preserve the jobs of factory workers until orders stabilize by 2025, CONWEP Associate Director Rosette D. Carillo said.

“Major global markets like the US and EU are buying less [and] this is expected until 2025. Orders are coming in less and lower prices are impacting our industry’s exports, with a downward trend since 2022. Based on our members’ survey, exports are projected to further decline by 11% this year,” she told BusinessWorld in a text message.

Ms. Carillo said any wage increases this year would drive up business costs, which may force manufacturers to shed jobs.

“Our members are challenged with fewer orders to maintain operations in the country… The migration of orders already experienced before might continue and lead to more job losses,” Ms. Carillo added.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort told BusinessWorld the one-year moratorium on wage hikes could help ease inflationary pressures.

He noted there are second-round inflationary effects whenever there are wage hikes, as some businesses pass on these costs to consumers by raising selling prices.

Meanwhile, Renato B. Almeda, an Employers Confederation of the Philippines (ECoP) governor, told the same public hearing its members could only afford a P15-P16 increase in the daily minimum wage.

In an interview with BusinessWorld, Butch C. Guerrero, another ECoP governor, said a P15 hike in daily wages for agricultural workers and P16 for nonagricultural workers are the appropriate increases considering inflation.

“We need to align workers’ salaries with the consumer price index,” he said in Filipino.

The NCR wage board is expected to set the tone for the wage increases in other regions.

Calixto V. Chikiamco, president of the Foundation for Economic Freedom, warned that high minimum wages may drive foreign companies away.

“High minimum wages have already driven away many foreign companies, especially labor-intensive ones like garments and light manufacturing, which have fled to Vietnam and Bangladesh,” he told BusinessWorld in a Viber message.

“Evidence of this is that manufacturing as a percentage of GDP (gross domestic product) has been shrinking. However, aside from high minimum wages, unreasonable labor security regulations have also made climate of investments to investors, foreign or local, inhospitable,” he added.

However, labor groups called for wage hikes, slamming the claims of employers that it will stoke inflation.

“[We] blast the scaremongering excuse of employers and even no less than the Department of Labor and Employment that any wage hike will supposedly lead to massive inflation, unemployment, business closures, and economic slowdown — only because they do not want to pay the workers their fair share,” the National Wage Coalition said in a statement on Thursday.

Former lawmaker and chairman of Partido Manggagawa Renato B. Magtubo told BusinessWorld on the sidelines of the public hearing that foreign investors consider the overall cost of doing business, including the availability of skilled workers and raw materials.

“I don’t think wages are a significant factor for investors to come in. What they look at is the overall cost. When producing a product, the wage is just one factor in the unit cost. They also consider whether there is a market, and if there is stability. So, wages are not the main factor in attracting investors,” he said in Filipino.

Filomeno S. Sta. Ana, III, coordinator for Action for Economic Reforms, echoed the sentiment, emphasizing that companies look for skills rather than labor costs.

“In this day and age, investors will give premium to workers with skills and high productivity. China, Vietnam, are attracting investments not because of their cheap labor but because of the skills and productivity of their workforce,” he said in a Viber message.

“In some low-wage countries, workers are compensated with non-wage benefits in terms of cheaper food, cheaper housing, access to healthcare, and other social protection measures,” he added.

Philippines improved slightly in attaining SDGs — UN report

Informal settlers are seen in Manila, April 23, 2024. — PHILIPPINE STAR/EDD GUMBAN

THE PHILIPPINES jumped six spots to 92nd out of 167 countries in achieving 17 sustainable development goals (SDGs), but still grapples with significant challenges in addressing poverty, hunger and low-quality education, a United Nations (UN) body said in its latest report.

In the UN Sustainable Development Solutions Network’s (SDSN) 2024 Sustainable Development Report, the Philippines received an SDG index score of 67.47 from 67.14 last year. 

The difference between 100 and a country’s score represents how much it must overcome to reach optimum SDG performance.

Philippines improves in 2024 UN Sustainability Development Index

The SDGs are targets set for participating countries to end rampant poverty, lessen inequality and address environmental degradation by 2030.

Out of the 17 SDGs, the Philippines saw eight “moderately improved” targets, eight “stagnated” and one “decreased,” the UN body said.

“Midway between the founding of the UN in 1945 and the year 2100, we cannot rely on business as usual,” Jeffrey D. Sachs, SDSN President and lead author of the report, said in a statement. “The world faces great global challenges, including dire ecological crises, widening inequalities, disruptive and potentially hazardous technologies and deadly conflicts; we are at a crossroads.”

Among ASEAN (Association of Southeast Asian Nations) members, the Philippines ranked sixth in attaining the SDGs, behind Thailand (74.7), Vietnam (73.3), Singapore (71.4), Indonesia (69.4) and Malaysia (69.3).

The Philippines was ahead of Brunei (67), Cambodia (64.9), Laos (63) and Myanmar (62.8). No score was given to Timor-Leste.

Based on the report, the Philippines is “moderately improving” towards achieving SDGs related to no poverty (SDG 1); zero hunger (SDG 2); decent work and economic growth (SDG 8); industry, innovation and infrastructure (SDG 9); reduced inequalities (SDG 10); life below water (SDG 14); life on land (SDG 15); and partnerships for goals (SDG 17).

However, the report showed the Philippines is “stagnating” in meeting targets on good health and well-being (SDG 3); quality education (SDG 4); gender equality (SDG 5); clean water and sanitation (SDG 6); affordable and clean energy (SDG 7); sustainable cities and communities (SDG 11); and achieving peace, justice and strong institutions (SDG 16).

Philippine efforts in climate action were also seen “decreasing,” given stagnant progress in eliminating emissions from fossil fuel combustion and cement production and decreasing efforts to lessen greenhouse gas emissions from imports, SDSN said.

So far, the country has only achieved SDG 12 or responsible consumption and production, but SDSN noted there is not much improvement.

The Philippines also faces “major challenges” in attaining good health and well-being, decent work and economic growth, reduced inequalities, and sustainable cities and communities, SDSN said.

“Significant challenges” are also seen in achieving zero poverty and hunger, quality education, gender equality, clean water and sanitation, affordable and clean energy, industry, innovation and infrastructure, and partnerships for goals.

The Philippines’ poverty incidence rate fell to 22.4% in the first half of 2023 from 23.7% two years earlier.

The Marcos administration aims to slash the poverty rate to 9% by the end of his term in mid-2028.

Filomeno S. Sta. Ana III, convenor at the Action for Economic Reforms, said the Philippines’ ability to meet the SDGs was hampered by the pandemic.

“One reason was that the pandemic set back the SDG goals. But that’s just part of the story. Post-pandemic, the government has underperformed, and targets are not being met,” he said in a Viber message.

The Philippines scored 95.6 in the International Spillover Index, the SDSN said. A higher score means a country causes less negative spillover effects to its peers.

Globally, around 16% of SDGs are “on track” to be achieved, while 84% exhibit slow or even a reversal of its progress, the UN body reported.

Most targets that are “off-track” relate to food systems, biodiversity, sustainable land use, and peace and strong institutions, SDSN said.

The report also noted that 600 million people are likely to experience hunger by 2030 amid rising cases of obesity and greenhouse gas emissions.

SDSN said there is a need for countries to avoid overconsumption and limit animal-based protein intake, increase productivity in areas with strong demand growth, and ensure inclusive, robust and transparent systems against deforestation. — Beatriz Marie D. Cruz

BSP official says restrictive policy stance appropriate

BW FILE PHOTO

MANILA — The Philippine central bank will keep monetary policy settings restrictive as it works to keep inflation in check, as the peso currency weakens in line with global conditions, a senior official said on Thursday.

Despite external headwinds, the Bangko Sentral ng Pilipinas (BSP) remained optimistic that macroeconomic conditions would be favorable in 2024 and 2025, BSP Senior Assistant Governor Iluminada T. Sicat told a business forum.

Inflation would stay within the 2% to 4% target this year and the next, Ms. Sicat said.

The central bank’s key policy rate is at a 17-year high of 6.5% after a series of rate hikes last year to tame inflation, which hit a 14-year peak of 8.7% in January 2023.

Inflation fell to a low of 2.8% in January 2024 but has since risen to 3.9% in May. The average inflation for the first five months of the year was 3.5%.

Ms. Sicat said the peso remained influenced by the broad strength of the US dollar.

“The movement of the peso is not volatile,” she told reporters on the sidelines of the forum, adding the central bank has scope to intervene if it sees any signs of market stress.

The peso’s weakness is largely based on market expectations that the US Federal Reserve will keep interest rates higher for longer and due to stronger demand for US dollars from imports, Ms. Sicat said.

The peso closed at P58.78 a dollar on Thursday, inching down by 2.5 centavos from the previous day’s finish of P58.755. Year to date, the local unit is now down by P3.41 from its end-2023 close of P55.37 against the greenback. — Reuters