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Customer satisfaction is paramount

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Last week I wrote about how a fast-food branch at the corner of Valero and Dela Costa failed me as a customer given the store’s seeming over-reliance on technology at point of sale. What ailed my customer journey at that specific store was how the automated ordering system resulted in a “disconnect” as it could not explain delays in my orders, not once but twice, in the same afternoon.

I surmised that technology failed where human intervention became necessary in the process. As I noted then, the use of technology in any operation is assumed to result in efficiency. But I also mentioned that humans cannot be completely removed from the process, and that such intervention should not wait until after a problem arises.

Of course, the fast-food company is not in any way at risk of losing me as a customer. I am its market, obviously. I go there often enough. However, another incident this week — this time at the drive-through of its branch in Greenbelt — indicates to me that perhaps it is about time that the company reminds its staff of the value of customer service, especially when technology “fails.”

Tuesday lunch time I entered the drive-through at around 11:49 a.m. and made my way to the point-of-sale (POS) terminal. Almost at once, the voice on the other end politely told me to wait. There were maybe eight cars ahead of me, with one at the cashier. After about five minutes, I made my presence felt, and the voice at the other end again politely told me to wait. Twice I was told to wait, without any explanation as to why. By then, there may have been about six cars behind me.

The trouble with situations like this, given the information vacuum, cars behind me might begin to think that I am the cause of the delay as I was at the POS at the time. I believe effort should have been made to inform all in line why it was not moving for about 10 minutes. Finally, at 11:59 a.m. — 10 minutes after I entered the drive-through — the voice at the other end took my order.

In drive-through terms, as any fast-food operator would appreciate, a 10-minute wait to order is an “eternity.” I suspect it would have been faster for me to have gone down, walked to the counter, and ordered in-store. Anyway, at 11:59 a.m., my order was taken, with just one car ahead of me in line. It took another four minutes for me to reach the cashier. I paid at 12:03 p.m.

The payment process took less than minute, but even then, no explanation was offered for the 10-minute delay in taking orders. I did not bother to ask why, recalling my experience at the Valero store just a week before. Anyway, I picked up my order at the last window at 12:05 p.m. In all, the process should have taken maybe four minutes from ordering to pick up. Instead, it took 16 minutes — too long for any drive-through.

With the way the Greenbelt drive-through is built, once you enter, you cannot back out. There is simply no way to leave the line. In short, with or without delays, you will just have to go through the process until you can exit, satisfied or not. The least that the staff could have done was to offer some explanation for the delay — whether via voice or through the ordering terminal’s monitor.

I suspect either the system went down temporarily or there was a reboot. I checked my receipt and it indicated that my order was processed at the window at “11:53 a.m.” However, the credit card charge slip indicated “12:03 p.m.,” while my own watch — based on network time — also indicated “12:03 p.m.” as payment time. In short, the fast-food company’s system indicated a 10-minute lag time in the receipt, which coincided with my waiting time in front of the POS terminal.

Why didn’t the staff — the voice at the other end — offer some explanation for the delay, rather than just politely asking the customer to wait, not once but twice? And this is where, in my opinion, like in the case of the Valero store a week before, “disconnect” occurs. Customer satisfaction could have been improved by the offer of an explanation. Was this a training “failure”? Or the customer’s satisfaction is simply taken for granted?

As I wrote previously, in most cases, technology aims to simplify tasks. But it can sometimes introduce complexity especially after points of failure. In this case, I believe that human behavior was the bottleneck that resulted in poor customer satisfaction. There was a lack of recognition of the need to explain the process delay to the customer, who was left in the dark as to what was happening. In some cases, this neglect can result in confusion, dissatisfaction, maybe even anger and frustration.

The task of managing customer expectations fell through the cracks, as there was no way for the POS or ordering system, on its own, to directly inform or explain to the customer the cause of delay. Perhaps the POS monitor could have been used by the store manager to send out a short message as an explanation that can be viewed by the customer waiting in the car. Or the “voice” at the other end could have done the same. Missed opportunities.

So, unless the customer complained or asked about the delay, the store would have been unaware of the degraded customer experience. Or maybe it was aware but just did not care. In this line, one cannot overemphasize the need for staff training particularly in adverse or “crisis” situations. A system reboot, downtime, or other unintended or unforeseen mishaps should be explained immediately to customers in all ways possible — either directly by staff or by any available communication channel.

There is no shame in admitting mishaps or adverse incidents. They occur in any operation. What matters, however, is how businesses immediately deal with such situations, and how quickly necessary information is conveyed to customers during the customer journey. Information vacuums should be avoided. Customer satisfaction is always paramount, and care must always be exercised to ensure it.

 

Marvin Tort is a former managing editor of BusinessWorld, and a former chairman of the Philippine Press Council

matort@yahoo.com

WMPC awaits ERC approval for new contract

ALSONS POWER Group’s Western Mindanao Power Corp. (WMPC) is waiting for approval from the Energy Regulatory Commission (ERC) for its new contract as its fuel supply is set to run out in the coming weeks.

WMPC, its diesel power plant in Zamboanga City, will be exhausting its fuel supply in the coming weeks and may need to stop its operations after its non-firm ancillary services procurement agreement (ASPA), which enabled it to provide power supply to the city, expired on April 25, Alsons said in a statement on Wednesday.

Ancillary services are tapped by grid operators to support the transmission of power from generators to consumers to maintain reliable operations.

Under a non-firm ASPA, power plants are not guaranteed to provide ancillary services to the power grid at all times, Alsons said.

In April 2023, the National Grid Corporation of the Philippines (NGCP) awarded WMPC a new firm ASPA, but its implementation is currently on hold pending approval from the ERC.

“Unless the ERC approves our ASPA, we will lack the necessary funds to recover our losses and procure fuel for the continued operations of WMPC,” WMPC Vice-President and Business Manager for Plant Operations Jose Luis R. Angco said.

He said the company may incur “unrecoverable losses” without an approved and acceptable ASPA, which would affect its ability to replenish its fuel stock.

According to Alsons, Zamboanga is 270 kilometers away from the nearest base load power station and without the power support that only WMPC can provide, the voltage in the city will drop to unsustainable levels. This may lead to power fluctuations or outages, especially during peak hours, it said.

“Currently, WMPC operates as a must-run unit participating in the Wholesale Electricity Spot Market. However, this setup is not sustainable,” Mr. Angco said.

He said the company may incur significant losses when the plant may be dispatched for voltage correction at a reduced rate of between P3-6 per kilowatt hour.

“We aim to continue providing the necessary ancillary services to support NGCP in ensuring a sustainable power supply in Zamboanga all throughout the year,” he said, adding the ASPA approval is crucial for the power plant to continue its operations and allow it to recover costs.

“We evaluated the WMPC ASPA earlier this morning, among others, and expect to issue our action in the next few days,” ERC Chairperson and Chief Executive Officer Monalisa C. Dimalanta said in a Viber message on Wednesday when sought for comment. — S.J. Talavera

Academic programs seen to help address workforce gap in cybersecurity sector

By Aubrey Rose A. Inosante

CYBERSECURITY electives offered in universities and colleges are not enough to fill the lack of experts in the field in the Philippines, industry officials said.

“We have not been able to produce a lot [for our] workforce because our academe does not provide degrees in cybersecurity. Instead, what they are doing is offering it as an elective,” Allan S. Cabanlong, Regional Director for Southeast Asia at Global Forum on Cyber Expertise, said in a Viber message.

Certification bodies like the Cybersecurity and Infrastructure Security Agency, Certified Ethical Hacker Certification, Computer Forensics and Security Institute, and more drove the number of sector professionals, he said.

However, certification, which can be obtained in a few weeks, does not guarantee a student will possess operation knowledge, he added.

The demand for cybersecurity practitioners is at an all-time high amid rising online attacks, with recent schemes even targeting government agencies.

According to the National Association of Data Protection Officers of the Philippines, about 180,000 professionals are needed in the country.

“Singapore has about 2,000 cybersecurity professionals, and the Philippines has about 200. And of the 200, 80 percent of that are working abroad,” said Department of Information and Communications Technology (DICT) Secretary Ivan John Uy earlier said.

Mr. Cabanlong said an ideal setup for Philippine schools offering cybersecurity programs is to have partnerships with foreign academic institutions and private firms for on-the-job training,

“If someone wants to offer cybersecurity — whether it’s cybercrime investigation, network security, cyber defense, or cyber diplomacy — the basics of it or the advanced part of it, or the executive courses, they should already have guidelines,” he said.

Mr. Cabanlong was a former DICT assistant secretary. During his tenure, the agency forged a partnership with AMA University in 2018 to offer a Bachelor of Science in Cybersecurity.

Among other educational institutions offering are BS Computer Science elective in Cybersecurity at the Ateneo Davao University, St. Paul University, Mapua, and a Masters in Cybersecurity at Holy Angels University.

University of the East (UE) Caloocan recently announced it will offer a four-year BS Criminology program with specialized cybersecurity courses.

Michelle Concepcion, dean at the UE College of Arts and Sciences (CAS), said the university has a pool of information technology (IT) and criminology experts equipped to teach its cybersecurity and criminology courses for the program.

“The university has eight IT laboratory classrooms equipped with computers and software apps for cybersecurity specialization courses such as cyberspace and cybersecurity, information assurance and security, network and data communication protocols, digital forensics, machine learning in security, and security penetration testing and audit,” Ms. Concepcion said in a Viber message.

UE targets to get 100 to 200 enrollees for the degree’s pilot academic year, she said.

UE CAS Caloocan aims to produce graduates who are competent and will uphold strong ethical standards in delivering services including crime prevention, detection, investigation, law enforcement, public safety, custody, offender rehabilitation, and criminological research, she added.

Digital Pinoys National Campaigner Ronald B. Gustilo however noted that these specialized courses are mostly in private institutions and relatively have high tuition fees.

“The government needs to allocate funds to state colleges and universities (SUCs) so that they will be able to offer cybersecurity and information technology courses. The state should improve the facilities of SUCs and hire professionals who will teach students,” he said.

ICT ACADEMY
Under the National Cybersecurity Plan, setting up an ICT academy and a Cybersecurity Center of Excellence is one of the strategies to produce more cybersecurity experts.

The DICT targets to produce 300,000 cybersecurity professionals by 2028.

DICT Undersecretary for Infostructure Management, Cybersecurity, and Upskilling Jeffrey Ian Dy said these facilities are targeted to be established informally within the year.

“However, institutionalizing an academy needs an enabling law. We will advocate for its establishment as part of the cybersecurity bills pending in Congress,” he said in Viber message.

The agency provides partial scholarships and offers online and computer-based training for students. It recently gave out 500 Google Cybersecurity Certifications provided through the agency’s learning management system, Mr. Dy said.

“With Microsoft, we have an agreement on sharing of intelligence and training of our National Security Operations Center personnel,” he added.

Australian food icon Kylie Kwong quits industry after 24 years

CHEF Kylie Kwong and food writer and TV host Nigella Lawson inside the Lucky Kwong restaurant. — FACEBOOK.COM/KWONGKYLIE

AUSTRALIAN culinary legend Kylie Kwong will quit the food industry and shut her popular Sydney restaurant at the end of June.

Ms. Kwong, founder of Australian-Cantonese restaurant Lucky Kwong, is set to retire from her restaurateur career after 24 years in favor of social enterprise pursuits, she said in an Instagram post Monday.

“Through the lens of food and interconnectedness, I wish to place all my energy, focus and time into helping share and amplify other people’s stories, particularly the important voices of First Nations people and our multicultural communities,” she wrote.

Lucky Kwong is the latest in a string of high-profile Sydney restaurant closures, as factors including rising costs hit diners and venues alike. — Bloomberg

Iran’s President Raisi was a failure

EBRAHIM RAISI — COMMONS.WIKIMEDIA.ORG

ALL IRANIAN PRESIDENTS since the early 1980s have in essence been expressions of what the supreme leader thought he needed at the time. Ebrahim Raisi was not only a protégé of Ayatollah Ali Khamenei, but also closer in his purist religious and political views. So it matters that at home — where the future of the regime will ultimately be determined — the man chosen to restore faith in and obedience to the Islamic Revolution failed.

Raisi came to power in 2021, claiming that Iran didn’t need a by-then-defunct nuclear deal with the West and could prosper by facing its “resistance economy” squarely to the east. He also quickly imposed a crackdown on female dress codes, in a demonstrative turn to a past where his revolutionary credentials — as “the Butcher of Tehran,” responsible for mass executions of regime opponents in 1988 — were impeccable.

By the time of his death in a helicopter crash on Sunday, however, both policies had proved disastrous. There were fireworks in the streets of Tehran, as some celebrated an unloved president’s demise.

Even Raisi’s election success in 2021 was, in reality, a sign of failure. It was the first presidential vote to produce no benefit whatsoever as a tool of legitimation for Khamenei, at a time when the 40-year-old revolution’s appeal has faded. Raisi had lost to a less hardline regime member — former President Hassan Rouhani — in 2017. He was able to succeed four years later only after the Khamenei-dominated Guardian Council had disqualified all other candidates of any promise, so as to ease his path. The result was the lowest voter turnout on record.

One of Raisi’s earliest decisions was to order a crackdown ostensibly to ensure female modesty and chastity. That resulted in the death, just weeks later, of 22-year-old Mahsa Jina Amini, an ethnic Kurd arrested for not wearing her hijab in the dictated manner. The protests that followed were the largest in the history of the Islamic Republic, posing the greatest domestic threat to the regime’s survival since the revolution. As I’ve written before, it took brutal repression in the streets, killing hundreds, as well as the distraction of Gaza to contain Iran’s Woman, Life, Freedom movement.

The threat to Khamenei came not just from the scale of the protests, but in part because it was so clear that Raisi was no more than a cypher for the Supreme Leader. Unlike most previous protest movements — and Iran has had many since 2008 — this one openly challenged the ideals and legitimacy of Khamenei and the Islamic revolution itself.

Raisi did no better on the economy. Despite a significant rise in oil exports as the US eased sanctions enforcement and a large boost to government spending, the International Monetary Fund projects Iran’s economy to grow by 3.3% this year. That may sound healthy enough, but it’s a poor outcome that signifies declining living standards, given the high pace of inflation.

According to Iran’s central bank, consumer prices rose 42.7% year over year in the first quarter of 2023, the latest data it reports, with food (53%) and restaurants and hotels (68%) the hardest hit. In other words, the poor are finding it harder to eat, and the middle classes are finding it harder to eat out.

Yet totalitarian regimes don’t need their populations to be content, so long as they have security forces willing to kill to suppress dissent. At the same time, Russia’s setbacks in Ukraine and US troubles in the Middle East have shuffled the global order in Iran’s favor. As Russia, cut off from the West, seeks new markets and sources of arms to sustain its war, Iran has stepped forward, solidifying its position in an emerging coalition of autocracies that includes China, Russia, and North Korea. 

I recently heard this bloc dismissed as an “alliance of jerks,” but I think that’s both arrogant and misleading. The coalition has broken Iran’s international isolation and has considerable appeal in the so-called global south. China’s presence also ensures the prospect of economic and technological sustainability for its pariah partners. Add to that the sea change in international opinion that’s being caused by Israeli actions in Gaza and you have an Iranian regime that’s infused with new confidence.

Raisi, certainly before he died, seemed unfazed by the turmoil he had caused with his crackdown on women. With the streets calm again, he had sent the morality police back out to enforce the hijab rules. “We believe that the enemy is pursuing the agenda of undermining modesty,” he said in a May 7 interview on Iran’s Network One TV. “Our religious people will not allow the enemy to achieve its goal.”

Even so, the reliance of Khamenei and his idea of Iran’s destiny on security forces at home and abroad has increased the power of the Islamic Revolutionary Guard Corps (IRGC) over the last decade, whose businesses have stepped into the sanctions void created as Western companies have withdrawn. It’s no coincidence that Raisi’s deputy, Vice-President Mohammad Mokhber, is a former IRGC officer and head of Khamenei’s vast commercial enterprise, known as Setad. Mokhber also took part in the negotiations with Russia over Iran’s supply of loitering munitions.

Khamenei has already confirmed Mokhber’s constitutionally mandated move to the post of interim president, ahead of a snap election that should be held within 50 days. That by no means makes him frontrunner or perhaps even a candidate for the presidency, but Raisi’s death has opened new possibilities on succession to the only job that really matters, that of supreme leader.

The coming presidential vote will, once again, have no value as an exercise in popular choice, but it will be important to the regime factions already jostling for the succession. Not even those involved know how that will pan out, let alone me. But it’s hard not to conclude that Raisi’s death, after such an unsuccessful experiment in ideological purity, will have weakened his camp and strengthened that of the IRGC. They, too, are deeply loyal to Khamenei, and their rise would likely promise an equally aggressive Iranian regime, albeit one that’s a little less prone to self-harm at home.

BLOOMBERG OPINION

Tokyo Gas finalizes acquisition of 20% stake in Batangas LNG terminal operator

BW FILE PHOTO

LOPEZ-LED First Gen Corp.’s subsidiary has inked agreements with Tokyo Gas Co., Ltd. to finalize the latter’s acquisition of a 20% stake in FGEN LNG Corp., it said on Wednesday.

First Gen LNG Holdings Corp. (FGEN LNG Holdings) executed a shareholders’ agreement and share subscription agreement with Tokyo Gas, which will acquire a minority stake in FGEN LNG, the listed company said in a regulatory filing.

“Once effective, FGEN LNG Holdings will have an 80% shareholding, while Tokyo Gas will have a 20% shareholding, in FGEN LNG,” First Gen said.

The energy company said the effectivity of the shareholders’ agreement “is conditioned upon a number of conditions precedent, including the procurement of relevant government approvals.”

FGEN LNG, a wholly owned subsidiary of First Gen, is the owner and operator of the interim offshore terminal project located in its parent company’s Clean Energy Complex in Batangas City.

“Today, the First Gen Clean Energy Complex houses our Santa Rita, San Lorenzo, San Gabriel, and Avion natural gas power stations and we’ve completed testing and commissioning of our liquefied natural gas (LNG) terminal and floating storage and regasification unit vessel, the BW Batangas,” First Gen Chairman and Chief Executive Officer Federico R. Lopez said last week.

FGEN LNG generated revenues of $8 million and a recurring net loss of $20 million in 2023. Meanwhile, Tokyo Gas is one of the largest purchasers of liquefied natural gas in the world with an annual volume of 13 million tons. It has over 63,000 kilometers of gas pipelines serving about 8.8 million customers.

First Gen shares went up by 28 centavos or 1.56% to close at P18.18 each on Wednesday. — Sheldeen Joy Talavera

Yields on BSP’s term deposits inch up

BW FILE PHOTO

YIELDS on the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) inched higher on Wednesday, with the longer tenor going undersubscribed, after the peso hit a near 19-month low.

Demand for the BSP’s term deposit facility (TDF) totaled P217.774 billion on Thursday, lower than the P230 billion on the auction block and the P239.787 billion in tenders seen for a P240-billion offer last week.

Broken down, the seven-day deposits attracted tenders amounting to P113.383 billion, higher than the P110-billion offering as well as the P112.063 billion in bids recorded the prior week for a P110-billion offer.

Rates for the one-week papers ranged from 6.51% to 6.55%, a tad wider than the 6.52% to 6.55% range recorded in the previous week. This brought the average rate for the tenor to 6.5352%, inching up by 0.28 basis point (bp) from the 6.5324% seen a week ago.

For the 14-day deposits, tenders reached P104.391 billion, below the P120-billion offering as well as the P127.724 billion in bids for P130 billion in two-week deposits auctioned off last week.

Accepted yields were from 6.56% to 6.6%, narrower and higher than the 6.5475% to 6.595% margin logged a week prior. This brought the average rate of the two-week deposits to 6.5762%, up by 0.21 bp from the 6.5741% logged a week ago.

The central bank has not auctioned off 28-day term deposits for more than three years to give way to its weekly offerings of securities with the same tenor.

The term deposits and the 28-day bills are used by the BSP to mop up excess liquidity in the financial system and to better guide market rates.

TDF yields were slightly higher on Thursday after the peso breached the P58 level, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

The peso closed at P58.27 per dollar on Tuesday, its weakest in more than 18 months or since its P57.275 finish on Nov. 8, 2022.

It was also the first time that the local unit closed at the P58-per-dollar level since Nov. 10, 2022.

BSP Governor Eli M. Remolona, Jr. said the central bank is ready to intervene if necessary to “smoothen excessive volatility and restore order during periods of stress.”

Hawkish signals from US Federal Reserve officials also affected TDF yields, Mr. Ricafort said.

Fed policy makers said on Tuesday the US central bank should wait several more months to ensure that inflation really is back on track to its 2% target before cutting interest rates, Reuters reported.

“In the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy,” Fed Governor Christopher Waller told the Peterson Institute for International Economics in Washington.

The timeline was echoed by Cleveland Fed President Loretta Mester in comments on Tuesday night at an Atlanta Fed conference.

The Fed has kept its benchmark policy rate at 5.25%-5.5% since last July and, stung by three months of stronger-than-expected inflation readings from January to March, is only cautiously welcoming more recent encouraging signs of a loosening in the labor market and return to further progress in lowering inflation toward its 2% target. — Luisa Maria Jacinta C. Jocson with Reuters

Boomi eyes expansion in Asia-Pacific

BOOMI held its biggest ever Boomi World conference in Denver, Colorado on May 7-9. — CRAG

By Cathy Rose A. Garcia, Editor-in-Chief

DENVER, Colorado — Boomi is looking to expand its business in Asia-Pacific, including the Philippines.

“Boomi being a global company, we have a large base of our employees in the broader Asia-Pacific and Japan. We have a strong team there. We have a large engineering presence in India. We have a very large, sales, marketing, go-to-market organization in Tokyo, Singapore, Sydney. And we will continue to expand,” Boomi Chief Executive Officer Steve Lucas said in a press briefing here on May 8.

Mr. Lucas noted that at present, around 10 to 15% of the company’s total revenue is from Asia-Pacific, including Japan.

Thomas Lai, vice-president and general manager of Boomi APJ (Asia-Pacific including Japan), said the company hopes to increase the total revenue share of Asia-Pacific in the next few years.

“As a percentage of revenue, we’d probably want to get more than 15 to 20% over time,” he told BusinessWorld in an interview here.

“We’ve been pretty mature in North America and the next levers of growth for us are in less dense markets, right? And so that’s everything in the Southeast Asia corridor all the way up through Japan and India,” he added.

Boomi has offices in Tokyo, Singapore, Bangalore, Sydney, and Melbourne.

While Boomi does not have a direct presence in the Philippines, it services the market through local partners and its Singapore office.

“For us, we want to do that the right way, meaning what I’ve encouraged the team is to make sure that we work closely with the partners. We work closely with the customers to make sure that they’re wildly successful and that we earn more of their business over time and that goes through our partners as well,” Mr. Lai said.

Boomi is looking to work with the public sector, such as with local government units  (LGUs) and departments, in the Philippines.

“We actually built an integration to the BIR (Bureau of Internal Revenue). Now there’s a little bit of work on the BIR side, but we’ve done our part,” Mr. Lai said.

Last year, Philippine company Yazaki-Torres Manufacturing announced it chose the Boomi platform to modernize its legacy systems. Yazaki-Torres is a wiring harness manufacturer and top exporter of automotive parts.

A Boomi statement last year indicated that Torres Technology, Inc. is implementing the low-code, on-premises version of the Boomi platform. This would allow Yazaki-Torres’ system to connect to the BIR’s electronic invoicing/receipting system.

Mr. Lai also said Boomi works with some retail and financial services companies in the Philippines.

“If you look at COVID, it was a wake up call for a lot of these organizations to digitize… Singapore led the way in Southeast Asia…. And now you’re seeing investments by almost every government to be digital first,” Mr. Lai said.

He hopes to work with LGUs in the Philippines in their digital transformation, as well as companies involved in manufacturing, transportation logistics and financial services.

“It will actually help their businesses be more agile by actually creating a set of processes which are more digital.

And then they can actually have better growth long term,” Mr. Lai said.

Boomi, a global software as a service or Saas company, has over 20,000 customers and a network of 800 partners around the world. Organizations use the Boomi platform to connect their applications, data and people to accelerate digital transformation.

LA police probe how Friends star Matthew Perry obtained lethal ketamine dose

Matthew Perry in Friends. — IMDB

LOS ANGELES — Los Angeles homicide detectives and federal agents are investigating how Friends star Matthew Perry obtained the high dose of the powerful prescription drug ketamine that was found in his body and determined to have caused his death, police said.

The disclosure on Tuesday of an ongoing criminal probe by police and two federal agencies came five months after the Los Angeles County medical examiner concluded Perry succumbed to an accidental drug overdose and drowning, with no foul play suspected.

The Dec. 15 autopsy report concluded Mr. Perry died from the “acute effects of ketamine,” which combined with other factors caused the actor to lose consciousness and slip below the water in the hot tub at his Los Angeles home.

“Based on the medical examiner’s findings, the Los Angeles Police Department (LAPD), with the assistance of the Drug Enforcement Administration and the United States Postal Inspection Service, has continued its investigation into the circumstances of Mr. Perry’s death,” the LAPD said in a statement.

A police spokesperson said detectives from the LAPD’s robbery-homicide division were conducting the police inquiry.

Toxicology tests found ketamine, a short-acting anesthetic with hallucinogenic properties, in Mr. Perry’s body at dangerously high levels well within the range typically associated with general anesthesia used in monitored surgical care, the autopsy said.

Coronary artery disease, the effects of the opioid-addiction medicine buprenorphine — also detected in his system — and drowning were listed as contributing factors in his Oct. 28 death.

Mr. Perry, 54, who publicly acknowledged decades of drug and alcohol abuse, including the years he starred as Chandler Bing on the hit 1990s television sitcom Friends, had been sober for 19 months with no known relapses before his death, according to interviews cited in his autopsy.

Witness interviews in the report said he had been undergoing ketamine infusion therapy for depression and anxiety. But his last known treatment was a week and a half before his death, so the ketamine found in his system by medical examiners would have been introduced since that last infusion, the autopsy said.

“The exact method of intake in Mr. Perry’s case is unknown,” the report said, adding that trace amounts of ketamine showed up in his stomach. No needle marks were found on his body, it said.

How the actor might have obtained ketamine on his own or who might have supplied it to him were left open questions and, according to an LAPD spokesperson, are the focus of the ongoing investigation.

A DEA spokesperson declined to comment on the investigation, referring media inquiries to the LAPD. — Reuters

Degrowth vs prosperity in economic and energy policies

There has been some not so good news in the Philippines’ fiscal and energy sectors recently. See these stories in BusinessWorld: “Philippines aims to double solar, quadruple share of wind in power output by 2030” (April 30), “Zero tariff policy now extended to two-wheeled EVs, hybrid vehicles” (May 17), “Yellow alert raised over Luzon, Visayas” (May 20), “Biofuel decision seen requiring study due to impact on poor” (May 21).

The zero tariff policy on imported EVs is another double standard in taxation. Even if the government needs additional tax revenues to reduce the budget deficit — P272.6 billion in Q1 2024, slightly up from P270.9 billion in Q1 2023 — the government gives up collecting taxes from people who are not really poor since they can afford EV motorcycles and hybrid cars.

The expansion of solar power (often via the conversion of agricultural land to solar farms) and the expansion of biofuel to feed vehicles (often made using corn and sugarcane) imply less food production for humans and livestock, which contribute to higher food inflation.

One piece of good news recently seen in BusinessWorld is this: “DoE signs two more deals with US to enable nuclear transition” (May 21). As this column has continuously argued lately, we need more nuclear energy for power generation, plus nuclear applications in agriculture, healthcare, and other sectors.

The endless push to have more wind-solar power in the power grid and the scramble to decarbonize has already led to deindustrialization and degrowth in many countries in Europe. Clear examples are the UK and Italy — their total electricity generation has been declining for two decades (2005-2024) now, whereas high coal-using China and Vietnam, and also the Philippines, have been able to sustain growth of 4-11% over the past two decades (see Table 1).

This week, the Independent Electricity Market Operator of the Philippines (IEMOP) held a media briefing and among the data they presented were the levels of power reserves, margins, and prices in the March to May billing. The price increases in April and May over March were substantial but smaller compared to the prices in April and May 2023. Mainly because the Margin (= Supply – [Demand + Reserve requirements]) in 2024 was significantly larger than the Margin in 2023 (see Table 2).

CLIMATE CHANGE
The Australia Bureau of Meteorology’s sea surface temperature (SST) index in El Niño region 3.4 showed that as of May 19, the index was 0.35° Celsius (C), meaning it was in the neutral phase (between 0.5° C to -0.5° C). So, the El Niño phase (an SST of 0.51° C or warmer) is over and we are transitioning to La Niña (an SST of -0.51° C or cooler).

The US National Oceanic and Atmospheric Administration’s climate prediction center shows that as of its May 20 projection, we will enter the La Niña phase around early July, or less than two months from now. Then we will prepare for more clouds and rain, and more floods in this part of the Pacific.

Again, climate change is natural or nature-made, a warming-cooling cycle that has existed for the past 4.6 billion years when planet Earth was born. The El Niño-La Niña cycle, the wet-dry cycle in the tropics, the winter-spring-summer-fall cycle in the North and South Hemispheres, the water evaporation-condensation cycle, etc., are all natural. All the policies and public spending, and subsidies to “fight man-made climate change” amount to nothing and should be stopped.

We should focus on more economic growth, more prosperity to save the poor and hungry, not save the planet which does not need any savior in the first place as it just goes through endless warming-cooling cycle for decades and even centuries.

 

Bienvenido S. Oplas, Jr. is the president of Bienvenido S. Oplas, Jr. Research Consultancy Services, and Minimal Government Thinkers. He is an international fellow of the Tholos Foundation.

minimalgovernment@gmail.com

Cap on credit card charges now up for review, BSP says

PJCOMP-FREEPIK

THE BANGKO SENTRAL ng Pilipinas (BSP) is likely to decide within the month if it will keep or adjust the current interest rate cap on credit card transactions, a senior official said.

BSP Deputy Governor Chuchi G. Fonacier told reporters on May 9 that the central bank is still reviewing data on the matter.

“We actually submitted an initial report to the Monetary Board. They required some additional information, and that’s what we are gathering currently. We intend to resubmit again to the Monetary Board,” she said.

“When we submit it, say within the month, the Monetary Board will decide in a meeting once they are satisfied with the requested data,” she added.

Ms. Fonacier noted the BSP will remain data-dependent regarding its recommendations and decisions on the ceiling on card charges

The BSP in August 2023 kept the maximum interest rate on unpaid outstanding card balance at 3% per month or 36% a year. The existing ceiling on the monthly add-on rate that credit card issuers can charge on installment loans was also maintained at 1%.

The maximum processing fee on the availment of credit card cash advances was likewise retained at P200 per transaction.

The BSP last hiked the cap by 100 basis points in January 2023 from 2% previously following cumulative rate hikes implemented by the Monetary Board amid elevated inflation.

The higher cap was also meant to mitigate the impact of inflation on banks and credit card issuers.

The BSP reviews the interest rate ceilings on credit card transactions every six months. — A.M.C. Sy

Potential MRT-7 realignment went through proper talks, says Bulacan mayor

Metro Rail Transit Line 7 (MRT-7)

THE possible realignment of the Metro Rail Transit (MRT-7) has gone through proper consultation, according to the local government of Bulacan.

“Considerations to reroute the Metro Rail Transit Line 7 from its initial path within the city resulted from effective and inclusive consultations with all relevant stakeholders,” Bulacan Mayor Arthur B. Robes said in a statement on Wednesday.

This comes after Transportation Secretary Jaime J. Bautista said last week that the completion of the MRT-7 is experiencing delays due to right-of-way issues in San Jose del Monte, Bulacan.

“Our city government consolidated various sentiments from our constituents and we immediately shared it in a meeting with Transportation Secretary Jaime Bautista for their consideration,” Mr. Robes said.

He said the local government has submitted proposals to divert the Quirino highway route as the station is considered a “key thoroughfare” in the area.

“We have also forwarded options where this essential project can push through while also ensuring that the general welfare of the people of San Jose Del Monte is met,” he said.

The MRT-7 has a total of 14 stations. It will run from Quezon City to San Jose del Monte, Bulacan, and is expected to carry 300,000 passengers daily in its first year, and up to 850,000 passengers a day in its 12th year.

It is a project of San Miguel Corp., with the company financing the construction and set to operate the 23-kilometer commuter rail system under a 25-year concession agreement with the government.

The Department of Transportation (DoTr) has said it is looking at opening the Quezon North Avenue Joint Station to Lagro by the first quarter of 2025.

The Bulacan leg of the MRT-7 will not be completed by 2025 as only 12 stations of the commuter rail line will be operating by then, the DoTr said, adding that the new target for the line’s full operations is between 2027 and 2028. — A.E.O. Jose