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Gov’t to reconsider GMO ban

PRESIDENT Ferdinand R. Marcos, Jr.’s advisors from the private sector said on Thursday said that the administration, through its chief lawyer, will seek reconsideration of a recent appellate court ruling on genetically modified organisms (GMOs).

“The Solicitor General has been instructed to seek clarification and reconsideration of the decision, emphasizing its limited scope and potential widespread impact on agriculture and food security,” the Private Sector Advisory Council (PSAC) said in a statement following a meeting with Mr. Marcos on Wednesday night.

The Court of Appeals, in a 143-page decision issued on April 17, revoked the biosafety permits for the commercial propagation of Golden Rice and Bt Eggplant, citing their potential risks to the environment and the health of consumers.

It also stopped the field testing and use, as well as imports of, GMOs until all measures have been to ensure they are safe.

“President Marcos reassured stakeholders of the government’s commitment to continue with the Golden Rice and BT Talong programs, despite legal ambiguities,” PSAC said.

At the same meeting, Mr. Marcos and his private advisors discussed ways to boost the coconut industry, pushing for the restructuring of a development plan for stakeholders.

The President proposed that the Coconut Farmers and Industry Development Plan Fund be restructured to ensure “a more efficient allocation of resources” to support the Philippine Coconut Authority’s replanting strategy targeting 100 million coconut trees within the next five years, PSAC said.

They also pushed for a substantial increase in funding for the salt fertilization program, “with a shift towards local sourcing” through collaboration with cooperatives.”

“These initiatives are expected to enhance coconut yields and further develop the local salt industry, which provides crucial inputs for coconut cultivation,” PSCAC said.

At the meeting, Secretary Raphael P.M. Lotilla of the Department of Energy said they would elevate biodiesel blend from B2 to B5 over the course of three years starting October.

“This policy aims to improve fuel efficiency while ensuring that the coconut supply for the food sector remains unaffected.”

For the sugar industry, Mr. Marcos endorsed a PSAC recommendation to bridge sugar imports during off-milling seasons and to refine imported raw sugar domestically for export.

The public and private sectors also outlined stricter regulatory and tax enforcement strategies to address smuggling of tobacco and vape products, including “implementing new tax measures, enhancing monitoring, and enforcing stricter compliance protocols to curb illegal trade and ensure public safety.”

In a separate statement, Mr. Marcos’ office said PSAC pushed for an amendment of the Anti-Agri Smuggling Act of 2016 to include tobacco products and add provisions on penalties for distributing and selling smuggled products.

The council also called on the Department of Trade and Industry to set a deadline for the registration of importers and manufacturers of vapor products.

The Bureau of Internal Revenue, meanwhile, should start imposing tax requirements on tobacco and vapor products, PSAC proposed.

It recommended that state operations against smugglers of smuggled tobacco and vapor products and their retailers be reported to the Office of the President on a monthly basis. — Kyle Aristophere T. Atienza

Disappointing GDP data drag PSEi to 6,500 level

REUTERS

PHILIPPINE SHARES plunged to the 6,500 level on Thursday as the country’s economic growth for the first quarter came below expectations.

The bellwether Philippine Stock Exchange index (PSEi) dropped by 1.75% or 116.72 points to end at 6,542.46 on Thursday, while the broader all shares index retreated by 0.99% or 35.02 points to close at 3,481.55.

“The local market plunged by 116.72 points (1.75%) to 6,542.46 as investors were weighed down by the dismal first quarter gross domestic product (GDP) data, with growth coming in at 5.7%, falling below expectations and the government’s target range of 6-7%,” Philstocks Financial, Inc. Research and Engagement Officer Mikhail Philippe Q. Plopenio said in a Viber message.

“This raised worries over the country’s economy amid the lingering headwinds including inflation and elevated interest rates,” he added.

Last quarter’s GDP growth print was the faster than the 5.5% seen in October to December 2023. However, this was slower than 6.4% in the same quarter last year and below the 5.9% median forecast in a BusinessWorld poll of 20 economists conducted last week.

“The local stock market faced a setback following the disappointing first quarter GDP figures… This was primarily attributed to subdued household spending, which grew by a mere 4.6%, marking its slowest pace since 3Q10, amidst persistent inflationary pressures and the ongoing El Niño phenomenon,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan likewise said in a Viber message.

“Looking ahead, attention in the US market remains focused on the impending release of weekly jobless claims data set for Thursday,” he added.

Almost all of the market’s sectoral indices ended lower on Thursday, with industrials being the lone gainer, rising by 0.4% or 36.47 points to 9,091.49.

Meanwhile, holding firms dropped by 3.02% or 181.36 points to 5,817.05; financials went down by 2.03% or 41.97 points to 2,024.95; property declined by 1.45% or 36.07 points to 2,438.37; mining and oil fell by 1.06% or 97 points to 9,007.88; and services retreated by 0.73% or 14.49 points to 1,945.47.

“Among the index members, ACEN Corp. was at the top, climbing 8.61% to P4.54. JG Summit Holdings, Inc. lost the most, dropping 4.88% to P31.20,” Mr. Plopenio said.

“Additionally, the decline of the heavyweights SM Investments Corp. and SM Prime Holdings, Inc. dragged the performance of the main index this Thursday,” he added.

Value turnover rose to P6.73 billion on Thursday with 490.88 million issues switching hands from the P5.98 billion with 434.16 million shares traded on Wednesday.

Advancers beat decliners, 95 against 87, while 43 issues ended unchanged.

Net foreign selling rose to P1.52 billion on Thursday from P9.45 million on Wednesday. — R.M.D. Ochave

Davao Light hints at rate hike

PHILSTAR FILE PHOTO

DAVAO CITY — Davao Light is anticipating a rise in power rates this month due to heightened demand and the impact of the El Niño weather pattern on hydropower reserves in Mindanao.

Fermin Edillon, head of the Reputation Enhancement Department at Davao Light, said that the capacity of the hydropower plant, which is the cheapest and where Mindanao gets its supply, is depleting because of El Niño.

The upsurge in consumption is attributed to various factors including elevated prices in the Philippine Wholesale Electricity Spot Market (WESM).

Davao Light refrained from specifying the exact rate hike, but advised consumers to conserve energy to avoid potential bill shocks. The utility recommended measures such as maximizing natural light and evaluating appliance usage to mitigate consumption.

With Mindanao under a yellow alert due to power plant shutdowns and reduced capacity caused by the dry spell, vigilance in energy management is urged. — Maya M. Padillo

Peso steady versus dollar on PHL GDP report

BW FILE PHOTO

THE PESO inched up against the dollar on Thursday following the release of first-quarter gross domestic product (GDP) data.

The local unit closed at P57.38 per dollar on Thursday, up by half a centavo from its P57.385 finish on Wednesday, Bankers Association of the Philippines data showed.

The peso opened Thursday’s session weaker at P57.44 against the dollar. Its intraday best was at P57.33, while it dropped to as low as P57.45 versus the greenback.

Dollars exchanged went down to $1.098 billion on Thursday from $1.16 billion on Wednesday.

“The peso appreciated due to acceleration in Philippine economic growth for the first quarter of the year,” a trader said in an e-mail.

Philippine GDP grew by 5.7% in the first three months of the year, faster than 5.5% in the fourth quarter but slower than the 6.4% in the same period a year ago,

This was below the 5.9% median forecast in a BusinessWorld poll of 20 economists held last week.

The softer-than-expected GDP growth could support a rate cut later in the year, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

The Bangko Sentral ng Pilipinas kept its policy rate at a near 17-year high of 6.5% for a fourth straight meeting in April after raising borrowing costs by 450 basis points from May 2022 to October 2023.

The Monetary Board will review policy on May 16, where it is expected to keep rates steady amid elevated inflation.

For Friday, the trader said the peso could rise ahead of a likely weak US consumer sentiment report. The trader sees the peso moving between P57.25 and P57.50 per dollar, while Mr. Ricafort expects it to range from P57.25 to P57.45. — AMCS

Limited Libya deployment pushed

A SELECTIVE deployment of Filipino workers in Libya has been recommended by a House of Representatives mission to the Middle East country, a congressman revealed on Thursday.

Citing the demand for Filipino workers and the improving security situation in Libya, the congressional mission endorsed the selective deployment of workers to Libyan employers following standard labor practices.

“By exploring these recommendations, we not only aim to enhance the economic prospects of our skilled workers but also fortify… cooperation between the Philippines and Libya,” Party-list Rep. Ron P. Salo said in a statement.

The Philippines currently maintains a partial deployment ban on Filipinos seeking to work in Libya due to security concerns since 2019. However, workers with existing contracts in the country are excused from the ban as long as they secure exemption certifications from the Philippine Embassy in Libya.

Hostilities between rival groups in Libya erupted in 2019, prompting the Philippine government to issue a deployment ban.

However, the Department of Foreign Affairs (DFA) and Department of Migrant Workers (DMW) are urged to reassess the political conditions of the country to determine the feasibility of redeploying Filipinos in the country, the congressional mission report stated.

Libya is designated with a crisis alert level three, allowing for the government to issue voluntary repatriation for Filipino workers seeking to come back to the Philippines.

The alert level three designation could no longer be accurate, the report stated, as hostilities in Libya have eased.

The DMW could also consider entering a bilateral agreement with Libya’s labor ministry to ensure greater protection for Filipino workers in the country, it added. — Kenneth Christiane L. Basilio

Marcos maintains ICC stance as Justice dep’t studies other options

PHILIPPINE STAR/MIGUEL ANTONIO DE GUZMAN

PHILIPPINE President Ferdinand R. Marcos, Jr. has not changed his stance on an international probe of his predecessor’s deadly war on drugs, his office said on Thursday, even as his Justice department studies possible scenarios related to the investigation.

Mr. Marcos’ position “remains clear and consistent,” Presidential Communications Office Secretary Cheloy Velicaria-Garafil told Palace reporters.

On Wednesday, the Department of Justice (DoJ) said it is preparing a briefer on scenarios related to the International Criminal Court’s (ICC) probe, including a potential arrest warrant for former president, Rodrigo R. Duterte, and a possible re-entry of the Philippines into the ICC.

It’s the Justice department’s “duty to explore all legal avenues and ensure that the President is fully informed of his opinion,” Ms. Velicaria-Garafil said. “It’s a standard procedure, not a change in position, ensuring that our administration remains prepared for any scenario.”

The ICC has been investigating Mr. Duterte’s deadly drug war, which is also being linked to his daughter Vice President Sara Duterte-Carpio, who served as local chief from 2010 to 2013 and from 2016 to 2022.

The government estimates that at least 6,117 people were killed in Mr. Duterte’s drug war between July 1, 2016 and May 31, 2022, but human rights groups say the death toll could be as high as 30,000.

The ICC probe covers crimes committed in Davao City from November 2011 to June 2016 when he was still its mayor, as well as cases during his presidency up until March 16, 2019, the day before the Philippines withdrew from the ICC.

Mr. Marcos had said the Philippines under his leadership will not cooperate with the international court.

Mr. Marcos, who ran in tandem with Mr. Duterte’s daughter in the 2022 polls, said in March last year the Philippines was “disengaging” with the ICC after its rejection of the country’s appeal to suspend its drug war probe.

Among the key persons implicated in the case is former police chief Ronald “Bato” M. dela Rosa, who has been serving as Philippine senator since 2019.

A Social Weather Stations survey conducted on Dec. 8 to 11 last year showed 53% of Filipinos agreed with the ICC probe of the drug war, up from 45% in March 2023.

Former senator Antonio F. Trillanes IV on Tuesday said the ICC is expected to issue an arrest warrant against Mr. Duterte and his cohorts by June or July this year, adding that the arrest warrant may be implemented through a Red Notice issuance by the International Police.

Mr. Duterte and his allies on Tuesday held a political rally in the central Philippine city of Dumaguete, with calls for Mr. Marcos’ resignation.  Kyle Aristophere T. Atienza

BARMM parliament member named regional health minister

@BANGSAMOROGOVT

COTABATO CITY — The top official of the Bangsamoro government designated on Monday a popular physician-ophthalmologist in their 80-member parliament as health minister and installed his predecessor as chief of a hospital in Maguindanao del Sur province.

Broadcast stations reported Chief Minister Ahod B. Ebrahim’s appointment of regional lawmaker Kadil M. Sinolinding, Jr. as health minister of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) late Wednesday.

Mr. Sinolinding replaced as regional health minister the physician Rizaldy L. Piang, who was installed by the BARMM leadership as chief of the Buluan District Hospital in Buluan, the capital town of Maguindanao del Sur.

“I’m confident that Member of Parliament Doctor Sinolinding can efficiently manage our Ministry of Health,” Mr. Ebrahim said on Thursday.

An eye surgeon trained in India, Mr. Sinolinding, who started as municipal health officer of the adjoining Pagalungan and Montawal towns in Maguindanao del Sur in the 1990s, had served as regional secretary of the Department of Health in the now defunct Autonomous Region in Muslim Mindanao. — John Felix M. Unson

PHILBEX, TLEX opens in Davao City

DAVAO CITY — The 7th Philippine Building and Construction Exposition (PHILBEX) and Travel and Leisure Expo (TLEX), which opened on Thursday at SM Lanang Premier’s SMX Convention Center, is expected to invigorate the construction and tourism industries in Davao City, the head of the Worldbex Services International (WSI) said.

PHILBEX and TLEX are the regional events established by WSI, which brings quality expositions to regional areas of the Philippines.

Joseph Ang, founding chairman of WSI, said that these events will shine a spotlight on the local and international innovations with a clear vision of robust economic activities in the construction and tourism industries of Davao City.

“PHILBEX is a construction and design expo that brings Worldbex experience to key regions of the country while the TLEX brings great travel deals and destinations from local and international,” Mr. Ang said.

PHILBEX 2024, which will run until May 12, 2024, brings in the latest technology and brands in the building and design industry.

A total of 250 brands/exhibitors (PHILBEX and TLEX), local and international, such as China, Taiwan, Japan, Europe, and America are expected to introduce their technologies in building and design during the event seen to attract 80,000 visitors.

The TLEX is participated by the premier hotels and resorts in the Davao Region.

“For years, our partnership with the local government of Davao has allowed us to work closely with businesses and government sectors to showcase Davao City as an economic hub in urban development and tourism,” Mr. Ang said.

Meanwhile, Presidential Assistant for Eastern Mindanao Secretary Leo Tereso Magno said that the return of PHILBEX and TLEX shows that the whole of Davao City and Mindanao is continuing in its growth.

Mr. Magno said the Office of the Presidential Assistant for Eastern Mindanao (OPAMINE) and the Office of the President (OP) will continuously support such projects in Mindanao. — Maya M. Padillo

Joint US-Philippine military drill sinks China-made vessel

FILIPINO and American soldiers participate in war games at a recent Balikatan (shoulder to shoulder) military exercise. — PHILIPPINE STAR/WALTER BOLLOZOS

THE MILITARIES of the Philippines and the United States sank a decommissioned China-made tanker in waters off Laoag City in northern Luzon with an anti-ship cruise missile, as part of their maritime strike drills involving air, land, and naval assets on Wednesday.

In a statement released on Thursday, the Armed Forces of the Philippines (AFP) said the activity, which was part of the two forces’ Balikatan (shoulder-to-shoulder) exercises, is “a testament to the military’s commitment to its vision of becoming a world-class armed forces, a source of national pride.”

For the activity, the AFP deployed the Philippine Navy’s BRP Jose Rizal (FF-150) and two Philippine Air Force jets.

It also deployed anti-ship missiles and a fast attack interdiction craft armed with Spike missiles to target the decommissioned BRP Lake Caliraya, which was donated by the Philippine National Oil Corporation to the Navy in 2014.

The ship, which represented an enemy force targeting Philippine territory, was decommissioned in 2020 due to maintenance issues.

“This exercise was about the collective capability of our combined fires networks and increasing interoperability to sense and shoot targets from a variety of Philippine, US and Australian land, sea and air platforms,” Marine Col. Douglas Krugman, the US director of the Balikatan’s combined coordination center, said in a separate release.

US and the Philippine forces also sank a decommissioned ship last year but not with an anti-ship missile.

Laoag City is about 400 kilometers south of Taiwan, a US ally that China claims as a renegade province.

The Balikatan drills started on April 22 and will end on May 10. — Kyle Aristophere T. Atienza

Meralco, NLEX kick off PBA Philippine Cup quarterfinals

PBA.PH

Games Friday
(Smart Araneta Coliseum)
4:30 p.m. — NLEX vs Meralco
7:30 p.m. — TNT vs Rain or Shine

THEY fought very hard amid a challenging elimination round to get to the PBA Philippine Cup quarterfinals.

Now the task is on Meralco, TNT, Rain or Shine (ROS) and NLEX to make it count and take it to the next level.

The third-seeded Bolts and the No. 6 Road Warriors race to land the first blow in the short best-of-three series as they open playoffs hostilities Friday at 4:30 p.m. at the Smart Araneta Coliseum.

The fourth-ranked Tropang Giga and the No. 5 Elasto Painters then dispute the head start in their own race-to-two contest at 7:30 p.m.

The four squads have survived a tight chase for Last-8 spots that saw them and Magnolia finish with identical 6-5 cards in a heavy logjam behind Top 2 San Miguel Beer or SMB (10-1) and Barangay Ginebra (7-4).

After the tiebreak, Meralco, TNT, ROS and NLEX landed in the safe zone as the Hotshots fell to No. 7 with a twice-to-win handicap against the Gin Kings. Terrafirma completed the cast with a 104-96 disposal of NorthPort in Wednesday’s KO for No. 8 and a date with the mighty Beermen.

The protagonists in the quarterfinal opener all needed big closing victories in the preliminaries to progress.

Meralco toppled SMB, 95-92, while NLEX took down Ginebra, 76-72, to clinch their spots and avoid going through a sudden death for the last seat.

TNT and ROS faced similar situations and responded with clinching wins over Magnolia, 98-93, and NLEX, 120-104, respectively.

NLEX, which advanced after climbing out of a four-game skid, braces for war against Meralco, the giant-killing team  that has won five of its last seven matches.

Meanwhile, TNT coach Chot Reyes underscored the importance of getting all hands on deck against Rain or Shine.

“I think Rain or Shine, outside of San Miguel, they’re the hottest team in the league. They’ve won six of their last seven games and last time we played them, we barely beat them. The only way we can compete with them is if everyone is involved,” said Mr. Reyes. — Olmin Leyba

Ateneo scoops blue-chip recruits in Femi Edu and Eaglet Kristian Porter

FEMI EDU — UAAP MEDIA

ATENEO de Manila University got off to a running start in plotting its redemption tour next UAAP season, scooping up blue-chip recruits in Femi Edu and Kristian Porter. Mr. Edu, brother of Gilas Pilipinas center AJ Edu, and Blue Eaglet Kristian, sibling of former Blue Eagles Kris, are eligible to play right away in Season 87 to bolster the offseason preparations of the former champions.

“I’ve heard many positive things about the school, both academically and otherwise. I simply want to be a part of that,” said Mr. Edu, who was personally visited by Ateneo mentor Tab Baldwin in England.

The 6-foot-4 guard Mr. Edu, who’s set to graduate from Copleston High School in Ipswich, will arrive in June. For the 6-foot-5 forward Mr. Porter, staying with Ateneo is no-brainer.

“Throughout my entire school life, I’ve been an Atenean. I bleed blue. Continuing this tradition into my college years brings me immense joy,” said Mr. Porter, who attended Sacred Heart School-Ateneo de Cebu before transferring to Ateneo de Manila for senior high.

Both players will join Ateneo de Cebu standout Jared Bahay as the new players in the Blue Eagles’ nest after seeing their six straight finals appearance under Mr. Baldwin end in Season 86, early in the Final Four.

Ateneo lost the services of one-and-done reinforcement Joseph Obasa ang forward Kai Ballungay, who opted to go pro, but secured the commitment of co-captains Chris Koon and Sean Quitevis for one last ride next season.

Meanwhile, Ateneo’s rival in University of the Philippines, which finished runner-up to De La Salle University last season, also shored up its roster in the same redemption bid after securing the commitment of former Gilas Pilipinas youth ace Jacob Bayla.

A 6-foot-5 wing from Valley Christian High School in California, Mr. Bayla is coming off a championship with Fil-Am Nation Select in the Smart-NBTC National Finals this summer. — John Bryan Ulanday

FilAm Sports athletes eye Paris slots in National Open

VICTORIA BOSSONG — GOCRIMSON.COM

VICTORIA BOSSONG sang the National Anthem with aplomb along with a group of Fil-heritage athletes competing in the ICTSI Philippine Athletics Championships and eyeing a Paris Olympics slot when dared during a media briefing at the PhilSports Arena if she could speak Filipino.

It was their way of saying they yearn to compete for their country and flag.

“This is a dream of mine for a long time, the greatest opportunity of a lifetime,” said the 21-year-old Ms. Bossong, who flew with her mom, Puerto Galera native Annie Yaco Atienza from Maine, United States and landed here at dawn yesterday, in a press conference hosted by FilAm Sports.

For the uninitiated, Ms. Bossong, a Harvard standout, ran the 800 meters in two minutes and 0.92 second in the Pepsi Florida Relays last March, one of the fastest times by any US NCAA Division I runner in the season.

And that clocking pushed her closer to breaching the Olympic standard of 1:59.30.

She had already applied for a Philippine passport and she desperately hopes to get it just before she plunges into action in the 800m tomorrow.

Part of the 16-strong stable of FilAm Sports, an agency headed by Bo Navarro and Olympian pole-vaulter and Southeast Asian Games gold winner Ed Lasquete also included Lauren Hoffman, who is seeking to likewise make the Olympic cut in the 400m hurdles.

“I will accomplish the goal of making the Olympics, I’m trying to do that tomorrow (Friday),” said Ms. Hoffman, referring to the Paris standard of 54.85 seconds.

Also under Filam Sports’ stable are national record holders Yacine Guermali (men’s 1500m and 5000m) and Angel Frank (women’s 400m) and SEA Games women’s pole-vault bronze winner Alyana Nicolas.

Meanwhile, Vincent Vianmar posted the worthiest performance in the morning events following his Open section 10000m walk triumph in 48:08.21.

Other Day Two winners were Ranier Sobrepeña (U20 triple jump), Jamela de Asis (U20 shot put), Charrylyn Samontina (U18 2000m steeplechase), Jerico Cadag (U18 2000m steeplechase), Angelina Ngang (U20 discus throw), Justine Macuring (U20 10000 m walk). — Joey Villar