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India’s space startup calls off maiden rocket launch for a fourth time

AGNIKUL COSMOS

BENGALURU — India’s Agnikul Cosmos called off a test flight of its first rocket on Tuesday seconds before it was due to launch — the fourth such cancellation in the last three months.

Launches of India’s second privately built rocket, and first using a combination of gas and liquid fuel, had been aborted three times before because of technical issues, including one flight that was canceled about 90 seconds before lift-off.

The launch, scheduled for 5:45 a.m. IST (0015 GMT) on Tuesday, was first delayed less than six minutes before lift-off “due to a technical glitch in the countdown activities,” and officials set a new lift-off time of 9:25 a.m.

Only five seconds before lift-off, however, the launch was put on “temporary hold to check igniter performance,” then was called off altogether.

The mission was expected to last two minutes and test the new “semi-cryogenic” engine and 3D-printed parts. If successful, it would have represented a technological step for India, whose Indian Space Research Organisation (ISRO) has not yet successfully flown a semi-cryogenic engine, which uses a mix of liquid and gas for propellant.

Agnikul Cosmos’ Agnibaan rocket is a customizable, two-stage launch vehicle that can take up to 300 kg (about 660 lb) of payload to orbits about 700 km in altitude (435 miles), the company said. SpaceX’s Falcon Heavy can put up to 63,500 kilos to low Earth orbit.

India’s first privately developed rocket, from the company Skyroot, was flown from ISRO’s launch site in 2022.

Founded in 2017, Agnikul — whose name is derived from the Hindi and Sanskrit word for fire — runs the country’s first private launchpad and mission control center, while ISRO operates all other launchpads. — Reuters

Philippines places 69th in WEF’s travel and tourism index

The Philippines inched up a spot to 69th out of 119 economies in the 2024 edition of Travel & Tourism Development Index (TTDI) by the World Economic Forum (WEF). The TTDI measures the set of factors and policies that enable the sustainable and resilient development of the travel and tourism (T&T) sector, which in turn contributes to the development of a country. With an overall TTDI score of 3.84 (7 is best), the Philippines was one of the laggards in the region.

Philippines places 69<sup>th</sup> in WEF's travel and tourism index

PSEi member stocks performed — May 28, 2024

Here’s a quick glance at how PSEi stocks fared on Tuesday, May 28, 2024.


Philippines’ first storm in 2024 kills 7; Marcos allots P600M for Aghon victims

PHILIPPINE STAR/MIGUEL DE GUZMAN

By Kyle Aristophere T. Atienza, Reporter

AT LEAST seven people were killed during the onslaught of typhoon Aghon, the first storm to hit the Philippines this year, as President Ferdinand R. Marcos, Jr. set aside over P600 million to aid some 36,000 victims, authorities said on Tuesday.

As of 5 p.m. Tuesday, the typhoon was spotted 535 kilometers (km) east of Basco, Batanes north of the capital Manila, with sustained winds of up to 130 km per hour (kph) and gustiness of up to 160 kph.

In its situational report, the National Disaster Risk Reduction and Management Council (NDRRMC) said a 14-year-old female from Misamis Oriental died after strong winds toppled a tree. Another student was injured.

In a separate report, Reuters quoted police Maj. Elizabeth Capistrano telling local radio station DWPM that there had been six deaths due to Aghon, including two men who drowned.

The NDRRMC said eight more people were injured and 36,143 people or 12,436 families in Calabarzon, Mimaropa, Bicol, Central Visayas, Eastern Visayas and Metro Manila were adversely affected by Aghon’s weekend wrath.

It also reported that 16,426 people or 4,076 families sought temporary shelter at evacuation centers, while 5,614 other displaced residents stayed with friends or relatives as floodwaters rose in many areas.

Before departing for Brunei Tuesday morning, Mr. Marcos said the social protection agency had already given out P1.35 million worth of assistance to typhoon victims.

The government also put 841 search and rescue retrieval teams from the Philippine military, coast guard, and fire agency on standby, said the President, who is currently on a two-day state visit to Brunei.

Over 400 transportation assets and 400 emergency telecommunications equipment were set to be used for relief efforts, he said.

Aghon has affected 60 seaports, 13 of which were still non-operational as of 8 a.m., according to the NDRRMC, which reported that the number of stranded passengers had hit over 400.

It said 11 domestic flights and one international flight had been canceled so far.

The NDRRMC said the government had provided P3.66 million in assistance to affected families.

PAGASA, meanwhile, reported that Aghon is unlikely to directly bring significant rainfall within the next three days.

However, the southwesterly windflow will bring moderate to heavy rains over Western Visayas and the western portions of Northern, Central, and Southern Luzon until Friday.

“With the lifting of all hoisted wind signals, possible impacts from severe winds of Aghon within the forecast period are becoming unlikely.”

Marcos in Brunei; deals on tourism, maritime and food security signed

PHILIPPINE STAR/KRIZ JOHN ROSALES

THE PHILIPPINES and Brunei have signed deals aimed at bolstering cooperation in the areas of tourism, maritime, and food security, the Palace reported Tuesday, as President Ferdinand R. Marcos, Jr. began his two-day state visit in the neighboring Southeast Asian nation.

Mr. Marcos arrived in Brunei Darussalam before noon and later met with Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah Yang Di-Pertuan.

The two leaders immediately sealed the economic partnerships ahead of Mr. Marcos’ scheduled departure for a two-day working visit in Singapore, where defense leaders from dozens of nations are gathering.

In a press release, his office said the Philippines and Brunei signed a memorandum of understanding (MoU) on maritime cooperation to boost information sharing, skills training, and research. 

The two countries also signed a letter of intent “to explore further cooperation and collaboration on the field of agriculture for food security and sustainable agriculture.”

They also signed an MoU to “generate cooperative tourism projects and increase tourist arrivals between the two countries.”

The tourism deal seeks to boost ties in Islamic tourism and the promotion of Muslim friendly destinations.

The two countries also signed an MoU to allow mutual recognition of national certificates.

Mr. Marcos is set to fly to Singapore on May 30 to deliver a keynote address at the 21st Edition of the IISS Shangri-La Dialogue, Asia’s premier defense summit.

In his departure speech, he said he would articulate the Philippines’ “perspectives and outlook on defense and diplomacy” and highlight his country’s “commitment to a rules-based international order and constructive multilateralism” amid geopolitical challenges.

Before leaving Manila, Mr. Marcos’ government had to deal with China’s unilateral fishing ban in the South China Sea, which Beijing claims almost in its entirety including waters that are well within the Philippines’ exclusive economic zone.

Early in May, Beijing approved a policy allowing its coast guard to detain foreigners it suspects of violating its exit-entry rules “in the waters under the jurisdiction of China” for up to 30 days — and in some cases for as long as 60 days — without a trial.

Raymond M. Powell, a fellow at the Gordian Knot Center for National Security Innovation at US-based Stanford University, said in an X message: Mr. Marcos should raise concerns over the new China regulation, which will take effect next month, at the security dialogue.

“My visit to Singapore is part of the series of high-level exchanges between the Philippines and Singapore which began at the start of the year,” Mr. Marcos said, noting the need to renew ties with Singapore after Lawrence Wong was sworn in on May 15 as its new prime minister.

Mr. Marcos said he will invite Singapore’s president and its new prime minister to visit the Philippines “as a testament to our strengthening bonds.” — Kyle Aristophere T. Atienza

Gov’t urged to prioritize improved tax administration over new taxes

PHILIPPINE STAR/EDD GUMBAN

By John Victor D. Ordoñez, Reporter

THE GOVERNMENT must push for stricter and more efficient tax administration and collection over imposing new taxes to fund the Marcos administration’s flagship projects, a strategy economists favor in order to avoid fanning inflation.

“A more efficient tax administration will yield higher revenues to fund the government’s flagship projects,” Terry L. Ridon, a public investment analyst and convenor of think tank InfraWatch PH, told BusinessWorld over the weekend.

He echoed the sentiment of new Senate President Francis “Chiz” G. Escudero, who stated last week that he favored improving tax collection and prevent leakages in government spending before considering new taxes.

“Senate President Escudero’s commitment to supporting improved tax collection instead of imposing new taxes provides a welcome respite to a nation confronting continuing economic uncertainties due to inflation, joblessness and a weaker peso,” Mr. Ridon said in a Facebook Messenger chat.

“This has been the policy priority of the government in recent months to increase recurring sources of revenues through intensified tax collection based on existing tax laws, instead of new taxes or higher taxes (as a final option) that may increase prices and overall inflation,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

The Bureau of Internal Revenue (BIR) aims to collect about P2.6 trillion in taxes this year. It collected about P2.53 trillion in taxes last year, missing its target of P2.64 trillion.

The agency also eyes collecting about P599.2 billion in value-added tax this year, 11% higher than the P538.1-billion goal for 2023.

Upon his appointment as Finance chief last March, Secretary Ralph G. Recto, also a former senator and congressman, shunned new taxes under the administration of President Ferdinand R. Marcos, Jr., saying higher tax rates could worsen smuggling and illegal trades.

However, Leonardo A. Lanzona, who teaches economics at the Ateneo de Manila University, said opposing new taxes would limit the government’s responsiveness to new social and economic issues.

“Selective, judicious new taxes are viewed as a necessary governing tool for institutional adaptability to changing social and economic conditions,” he said in a Facebook Messenger chat.

“Taxes are responses to externalities that need to be addressed to achieve social goals, and lead to social benefits far beyond simply improving tax revenue generation.”

IMO whitelisting seen to boost global hiring of Filipino seafarers

MARINA.GOV.PH

THE PHILIPPINES’ inclusion in a global whitelist of countries with high global certification standard compliance would make it easier for Filipino seamen to get hired, according to the Department of Migrant Workers (DMW).

Last week, the International Maritime Organization (IMO) included the Philippines in the whitelist after scrutinizing Filipino seafarers’ compliance to the Standards of Training, Certification, and Watchkeeping convention.

“This milestone paves the way for secure employment and continued employability for Filipino seafarers,” the DMW said in a statement on Tuesday.

“Inclusion in the IMO whitelist is a testament to our ongoing efforts in refining and elevating the skills of our maritime workforce,” Migrant Workers Chief Hans Leo J. Cacdac said in the same statement.

Last week, the Department of Transportation (DoTr) said IMO’s whitelisting of the Philippines recognizes the country’s “commitment to maintaining high standards in maritime education, training and certification for Filipino seafarers.”

Last year, money sent home by Filipino seafarers reached $6.85 billion (P380 billion).

The DMW said Filipino seafarers account for about 30% of the global maritime workforce, with 570,959 being deployed last year.

“The DMW is firmly committed to supporting the welfare and well-being of our brave Filipino seafarers. We will work with all partner agencies and stakeholders to ensure their competence, safety and protection,” it said. 

The IMO is an attached agency of the United Nations that aims to set global standards for the safety, security, and environmental performance of international shipping.

Last year, the European Commission (EC) decided to continue recognizing seafarer certificates issued by the Philippines.

In 2022 the EC warned that some 50,000 Filipino seafarers working in European vessels could lose their jobs if deficiencies flagged by the European Maritime Safety Agency in March that year were not addressed. — John Victor D. Ordoñez

DBM approves 5,000 school administrative positions to ease burden of teachers

DEPED.GOV.PH

By Beatriz Marie D. Cruz, Reporter

TO SET teachers up for the big task of ensuring quality education in public schools, the Department of Budget and Management (DBM) announced Tuesday funding approval for the hiring of 5,000 non-teaching staff to ease teachers’ workload.

“Our educators already have their plates full,” said Budget Secretary Amenah F. Pangandaman, citing the Department of Education’s (DepEd) proposal to lessen teachers’ administrative tasks so they could focus on teaching.

“By approving the creation of 5,000 non-teaching positions, we aim to relieve teachers of administrative tasks and allow them to focus on quality instruction,” she said.

The non-teaching positions would be considered Administrative Officer II positions with Salary Grade 11 or a minimum salary of P27,000. The positions would be assigned to different schools nationwide.

Funding for the new positions will be sourced from the Miscellaneous Personnel Benefits Fund under the 2024 national budget, while the Retirement and Life Insurance Premium would be chargeable against the automatic appropriations.

“This move will significantly benefit our educators and enhance the country’s education system,” the Budget Secretary said.

Administrative tasks are bloating teachers’ workload, affecting the quality of their lectures and their well-being.

“Under the Bagong Pilipinas, we will continue to prioritize the welfare of our teachers and students. After all, they are at the heart of our national development goals,” she said in mixed English and Filipino.

In January, Vice President and Education Secretary Sara Z. Duterte-Carpio mandated the removal of administrative tasks of public school teachers under DepEd Order No. 002.

Administrative tasks cited by the DepEd include personnel administration, property or physical facilities custodianship, general administrative support, financial and records management, and program management like feeding programs.

“These extra duties are often the result of understaffed schools being unable to provide sufficient support services,” according to the Order.

5 for divorce, 5 against in Senate

SENATE.GOV.PH

SENATE President Pro-Tempore Jose “Jinggoy” P. Estrada revealed on Tuesday that based on his conversations with colleagues, five senators are in favor of the divorce bill and five others are against it — himself included.

In a Viber message to reporters sent by Mr. Estrada’s team, those reportedly in favor of the measure are Senators Ana Theresia N. Hontiveros-Baraquel, Mary Grace N. Poe-Llamanzares, Maria Imelda “Imee” R. Marcos, Pia Juliana S. Cayetano, and Ferdinand “Robin” C. Padilla.

On the other hand, Mr. Estrada, Senate President Francis “Chiz” G. Escudero and Senators Francis N. Tolentino, Emmanuel Joel J. Villanueva, and Ronald M. dela Rosa are against it.

The senator said he surveyed his colleagues following the approval of the bill by the House of Representatives last week. A counterpart divorce bill, the proposed Dissolution of Marriage Act, is pending on second reading before the Senate. 

Besides Vatican City, the Philippines is the only country in the world that bars divorce, which outlawed it almost a century ago.

“I have been and still am not in favor of legalizing divorce in our country,” Mr. Estrada said. “Instead of pushing for an absolute divorce law, which is proscribed by the Constitution, perhaps a bill with a well-defined ground nullifying a marriage would be a much-welcomed alternative.”

Under the approved House bill, grounds for absolute divorce include psychological incapacity, marital abuse, and irreconcilable differences, among others. — John Victor D. Ordoñez

New law ensures sustainable dev’t

A NATIONAL environmental accounting system that became a law last week is expected to boost the Philippine economy without harming the environment, a congressman said on Tuesday.

Republic Act No. 11955, the Philippine Ecosystem and Natural Capital Accounting System (PENCAS) Act, empowers the government to more accurately evaluate the country’s natural resources through detailed statistics on natural capital and assess their value to the economy.

“With the enactment of the PENCAS law, we are in a better position to achieve sustainable development while promoting the conservation of our environment,” Party-list Rep. Eduardo C. Villanueva said in a statement.

Palawan Rep. Alfredo D. Marañon, III, who chairs the House Committee on Natural Resources, said the newly enacted law would aid the government in formulating data-driven and effective environmental policies. 

The law was signed by President Ferdinand R. Marcos, Jr. last May 22.

“With comprehensive data, this will serve as a guide for planning… and better policy and decision-making outcome,” Mr. Marañon told BusinessWorld in a Viber message. “[PENCAS] will also contribute to better conservation [and] protection of our environment.”

The accounting system would enable the government to quantify its progress in addressing environmental concerns and become more responsive in attaining the country’s sustainable development goals, Mr. Villanueva said.

“The establishment of an accounting system of our natural resources will greatly aid the country to be disciplined in attaining our sustainable development goals (SDGs), especially in the sectors of climate change, disaster risk management, and conservation of our marine and terrestrial resources,” he said.

The PENCAS law was passed in the Senate in November last year and was adopted by the House of Representatives in March this year. — Kenneth Christiane L. Basilio

New PCSO chief named

PHILSTAR FILE PHOTO

PRESIDENT Ferdinand R. Marcos, Jr. appointed on Tuesday retired Marikina Regional Trial Court (RTC) Judge Felix P. Reyes as chairman of the Board of Directors of the Philippine Charity Sweepstakes Office (PCSO).

Mr. Reyes, 63, replaced former lawmaker Junie E. Cua, who was appointed to the PCSO in 2022.

The new PCSO chief, who took his oath before Executive Secretary Lucas P. Bersamin, was already a member of the PCSO board prior to his new appointment.

The PCSO — tasked to raise funds for medical services and charities “of national character” through charity sweepstakes, races, and lotteries — had been accused of rigging lottery draws in recent Senate hearings.

The Presidential Communications Office did not immediately reply to a Viber message seeking clarification on the appointment of a new PCSO chief. — Kyle Aristophere T. Atienza

Quiboloy cases transferred to QC

PHILSTAR FILE PHOTO

THE PHILIPPINE Supreme Court (SC) ordered on Tuesday the transfer of the cases faced by wanted televangelist Apollo C. Quiboloy from Davao City to Quezon City.

The High Court granted the request to move the venue of the two criminal cases of Mr. Quiboloy as it found “compelling reasons to justify the transfer of venue,” as raised by Justice Secretary Jesus Crispin C. Remulla last April 4.

“The cases involve public interest, with the accused, a well-known religious leader, being influential in the area. As this could cause local biases and a strong possibility that witnesses cannot freely testify due to fear and influence of the accused, the Court found it prudent and judicious to order the transfer of the cases to Quezon City,” the SC said in a statement. — Chloe Mari A. Hufana