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eTap eyes 2,000 more payment kiosks in 2024

ETAPMO.COM

PAYMENT KIOSK operator Electronic Transfer & Advance Processing, Inc. (eTap) expects to add 2,000 kiosks nationwide to 3,500 by yearend, the company said in a statement on Monday.

It also reported additional client purchases of 1,000 machines for BTI payments PH and 500 machines and cash management service for Electronic Commerce Payments, Inc.

“This year, eTap, Inc. is projected to surpass its 2023 income by 65%,” it said, without providing the amount.

The company’s revenue last year more than doubled, eTap Chief Executive Officer Perseverando M. Hernandez said in the statement.

eTap deployed 1,500 machines last year, which drove growth.

“As we continue developing cutting-edge technologies, we anticipate further growth in revenue, market share and overall impact,” Mr. Hernandez said.

eTAP said its market share has been at 70% since 2022.

ETap has partnered with Globe Telecom, Inc., GCash, Maya, BTI Payments, ECPay, Cebuana Lhuillier, Easytrip, Autosweep, PrimeWater, Paynamics, Beep and Tripko.

Users can access eTap’s electronic payment services online and at various kiosks in malls such as Lots for Less, CityMall, Novo, Primark, Home Along, IMART, Budgetwise and JS Gaisano.

“These collaborations have broadened the company’s market reach and resulted in the development of tailored solutions catering to specific industry requirements,” eTap Chief Operating Officer Marlon H. Portugal said.

The diversification of eTap’s client portfolio underscores its commitment to provide customized, industry-specific electronic payment solutions, he added.

eTap offers a platform for various financial transactions for banks, loan services, telecommunication networks, video games and ride-hailing services. — Aubrey Rose A. Inosante

The phenomenon that is Buscalan: A women-led transformation

FACEBOOK.COM/KALINGATOURISMPH

A phenomenon is simply any observable event that spans a specific timeline, usually linear, a forward trajectory with the benefit of hindsight. From this perspective, a social phenomenon is said to be a product of people’s interactions, of cultural convergences, and of expectations and realities, at various moments aggregated in the now. Change is embedded in any phenomenon.

Buscalan was like any sleepy community in the rugged mountains of Kalinga. More than a decade ago, one would have had to trek for about three hours — climbing from Bugnay, walking on dusty roads for what seems to be an eternity under the heat of the sun, passing through a school and a military camp. Then came the walk by the side of the mountain, a very thin walking path for a few kilometers, then passing a death-defying cement hanging bridge with invisible pillars — you either walked with eyes focused on the other side or simply crawled, holding on to dear life. Several more kilometers and you’d reach a small field and makeshift dirt stairs with nothing to hold on to but sharp grass. Finally, you’d see a house, smoke coming from a chimney-like cylinder. And, yes, coffee — the smell of coffee all over. This was 2011.

My son and I were met by Whang-Od, the legendary last mambabatok (a.k.a. hand tapped tattoos) and young Grace Palicas, her apprentice, who was around 14 years old at that time. We were welcomed in Whang-Od’s home, surrounded by small native black pigs running around, and rice and beans cooking in pots over fire. We exchanged stories — primarily sharing where we were from and Whang-Od sharing how she became a mambabatok during her younger years, much like how Grace was at that time. And thus, this was where it all began, my passion to understand the story of Buscalan, an autoethnographic journey.

BUSCALAN WOMEN AND CONFLICT
Armed conflict came to the Cordillera with the expansion of the Communist Party of the Philippines-New People’s Army (CPP-NPA) into the region. Specifically, to struggle against development aggression in the form of mining (by the Batong Buhay Gold Mining Project in Kalinga), dam-building (the Chico River Dam Project in Kalinga and Mountain Province), and logging (by the Cellophil Resources Corp. in Abra) that threatened the ancestral lands and resources of the Cordillerans. Initially, joining the CPP-NPA provided the force with which to go against the government. However, a rift would soon materialize since the Cordillera decided to fight for their right of self-determination in contrast to the national democratic aim and ideological anchor of the CPP-NPA. Eventually, the CPP helped establish the Cordillera People’s Democratic Front (CPDF) which was led by former Catholic priest and Tingguian tribe member, Conrado Balweg.

The narratives of conflict of the Buscalan women who shared their stories spanned from the Martial Law period all the way to the death of Balweg in 1999. These women lived through armed encounters between the military and the NPA, and between the NPA and the Cordillera People’s Liberation Army (CPLA), the successor of the CPDF.

The women were very emphatic and animated when they shared their experiences of militarization during Martial Law. Most of them said that the military forcibly took the pigs that they owned and slaughtered their property in front of them. The women’s most tumultuous experience was in the mid-1980s, after the split of the CPLA from the NPA. As the women of Buscalan recalled, just as they were being threatened, their husbands — who were advised earlier to leave the community and hide elsewhere — were found by the NPA and were brought to another sub-tribe where they were allegedly disarmed, rounded-up, stripped naked, and tortured. The women and their children, on the other hand, were held hostage and had to endure shots fired by the NPA at rocks that ricocheted at them.

During tribal wars, women were said to be the ones to bring food and other necessities to the men preparing for battle or guarding their tribal boundaries. This role was a huge challenge for women because they had to risk their lives twice every time — when they’d gather food in the fields and when they’d deliver the food to their men on the battlefield. To de-escalate the conflict, tribes engaged in peace pacts or bodong, usually held by men.

EVOLVING REACTIONARY TRANSACTIONAL COMMUNITY ECONOMY: CENTRALITY OF WOMEN’S WORK
Those coming to and leaving Buscalan now will rarely hear these stories. Maybe because their interest is focused only on getting tattoos from Whang-Od and Grace.

As I visited the community several more times in a span of 13 years, I observed the transformation of Buscalan as a community and women in their new roles. Previously, Buscalan relied on things tourists would bring, like matches, clothes, canned goods. There were those who did outreach programs like donating school supplies, medicines, and even a karaoke system. Women would basically plant rice in the fields, harvest and process coffee beans, and care for their families. Young girls would be on the sidelines observing Whang-Od and Grace while they did their batok. A few men would be there too, sharing stories about their community and about people visiting their place; most of them served as translators during conversations.

A few years later, another apprentice — Elyang Wigan — also became prominent as she, along with Grace, practiced the batok on skins of willing visitors, many of whom chose from a list of tattoo designs posted around the tattooing area. Most recently, over 100 artists — mostly women (along with one man and one of a different gender identity) — practice the batok. Walk around the community and all you would hear was the sound of hand tapping, harmonious and in synch — a symphony of tapping ink on skins. Women mambabatok, in comparison with those of other genders, are said to have a lighter tap and thus, are more in touch with the canvas of skin they are working on. Other women, most of whom who used to stay at home and cared for children, now own souvenir shops and cafes and also serve as tour guides to visitors who make their own way to Buscalan.

The community largely transformed as a reaction to the needs of people who come to the community. There is an abundance of home stays, tour operators bring in hordes of people, following the instructions of women maybahay (householders). Whang-Od is still the central figure — her face is seen on murals, shirts, mugs, etc. Grace and Elyang do their own thing too. But despite the multitude of mambabatok, only Whang-Od, Grace, and Elyang can batok their signature three-dots. Other mambabatoks can pretty much do all other pre-determined Kalinga designs in a fast-paced frenzy of reproduction. Most visitors come down from the Buscalan with identical hand tapped tattoos — a centipede, a phython, a compass, a serpent eagle, a fern, a prayer, a standing eagle, an arrowhead, the sun, the moon, the sun and moon, and a scorpion — but with varying self-defined symbolic meanings. As for the community, the transaction is their livelihood itself.

And this phenomenon is simply Buscalan, a community transformed by women.

 

Dr. Ma. Lourdes Veneracion is an associate professor at the Department of Political Science, Ateneo de Manila University and director of its Asia-Pacific Center for the Responsibility to Protect-Philippine Office. She is also currently the vice-president of the Philippine Political Science Association.

mlveneracion@ateneo.edu

MCIA to welcome United Airlines’ flights by July

BW FILE PHOTO

THE Mactan-Cebu International Airport (MCIA) said it is set to welcome United Airlines’ daily flights from Tokyo’s Narita International Airport, starting July 31.

“The growing demand for flights from various global destinations underscores the need for strategic partnerships like this one to effectively meet travelers’ needs,” Athanasios Titonis, chief executive officer of Mactan-Cebu International Airport, said in a statement.

The airport is operated by Aboitiz Infracapital GMR Megawide Cebu Airport Corp.

With the new Tokyo-Cebu daily flights, MCIA said it will offer seamless connectivity to travelers while also boosting tourism.

“The partnership between Mactan-Cebu International Airport and United Airlines is poised to streamline travel for visitors from the United States, providing seamless access to Cebu and unlocking pathways to renowned tourist destinations,” MCIA said.

United Airlines, a major US airline, operates nonstop services to about 134 international destinations in 67 countries. — Ashley Erika O. Jose

Ariana Grande releases new album Eternal Sunshine

ARIANA GRANDE - eternal sunshine —AMAZON.COM

LONDON — Grammy Award-winning musician and actor Ariana Grande launched her seventh full-length album, titled Eternal Sunshine, on Friday.

The record is the pop star’s first album in three years and comprises 13 tracks.

Ms. Grande, 30, debuted the album’s lead single “Yes, and?” in January. A music video for the song “We Can’t Be Friends (Wait for Your Love)” was released alongside the full album on Friday. Directed by Christian Breslauer, it is inspired by Michel Gondry’s 2004 film Eternal Sunshine of the Spotless Mind, starring Jim Carrey and Kate Winslet.

The singer’s grandmother, Marjorie Grande, is featured on the album’s final track, listed as “Ordinary Things (featuring Nonna).”

In addition to new music, fans can also look forward to seeing Ms. Grande in John M. Chu’s film adaptation of the musical Wicked alongside Cynthia Erivo later this year. The movie is due out in cinemas globally in November.

Ariana Grande’s international hit songs include “Thank U, Next,” “7 Rings,” “Positions,” and “Santa Tell Me.” — Reuters

2023 Net FDI level lowest in 3 years

NET INFLOWS of foreign direct investments (FDIs) into the Philippines slumped for a second straight year in 2023 amid sluggish global economic growth and geopolitical tensions, the central bank said. Read the full story.

 

2023 Net FDI level lowest in 3 years

How PSEi member stocks performed — March 11, 2024

Here’s a quick glance at how PSEi stocks fared on Monday, March 11, 2024.


India moves to implement citizenship law opposed by Muslims, weeks before election

STOCK PHOTO | Image by jorono from Pixabay

 – India announced rules on Monday to implement a 2019 citizenship law that critics call anti-Muslim, weeks before Prime Minister Narendra Modi seeks a rare third term for his Hindu nationalist government.

The Citizenship Amendment Act grants Indian nationality to Hindus, Parsis, Sikhs, Buddhists, Jains and Christians who fled to Hindu-majority India from Muslim-majority Afghanistan, Bangladesh and Pakistan before Dec. 31, 2014.

Mr. Modi’s government had not crafted implementation rules for the law, after protests and sectarian violence broke out in New Delhi and elsewhere within weeks of the law’s December 2019 enactment. Scores were killed and hundreds injured during days of clashes.

The Modi government announces implementation of Citizenship Amendment Act,” a government spokesperson said in a text message.

“It was an integral part of BJP’s 2019 manifesto.

This will pave (the) way for the persecuted to find citizenship in India,” he said, referring to the ruling Bharatiya Janata Party’s (BJP) 2019 election manifesto.

Muslim groups say the law, combined with a proposed national register of citizens, can discriminate against India’s 200 million Muslims – the world’s third-largest Muslim population. They fear the government might remove the citizenship of Muslims without documents in some border states.

The government denies accusations that it is anti-Muslim and has defended the law, saying it is needed to help minorities facing persecution in Muslim-majority nations.

It says the law is meant to grant citizenship, not take it away from anyone, and has called the earlier protests politically motivated.

Mr. Modi swept to power in 2014 and has consolidated his hold since with a focus on growth, welfare economics, boosting infrastructure and aggressive Hindu nationalism.

Opinion polls suggest he will comfortably win a majority in a general election that must be held by May. – Reuters

Trump says tax cuts could offset 10% tariffs, eyes entitlements

Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, Oct. 2, 2023. — REUTERS/BRENDAN MCDERMID

 – Donald Trump laid out some of his financial priorities on Monday and defended his planned 10% across-the-board tariffs, saying any resulting price increase for families could be offset by tax cuts and calling for his 2017 tax cuts to be extended.

The Republican US presidential candidate, speaking in an interview on CNBC, also called for action on popular US entitlement programs, including cuts, and indicated he was not likely to curb use of cryptocurrencies.

Asked about concerns over increased political polarization on the nation’s financial stability, Trump said he was concerned about Fitch’s 2023 downgrade but dismissed the credit rating downgrade’s ties to the Jan. 6 riot at the US Capitol.

Mr. Trump’s comments are his first extended remarks on his economic plans since he became the party’s likely nominee following last week’s “Super Tuesday” primary elections, setting up a rematch with Democratic President Joe Biden in November.

His tariff plan has spurred talk of inflation, and US Treasury Secretary Janet Yellen has said it would raise costs for American consumers.

“I think taxes could be cut, I think other things could happen to more than adjust that. But I’m a big believer in tariffs,” Trump told CNBC, saying they help American industries when they are “being taken advantage of” by China and other nations.

“Beyond the economics, it gives you power in dealing with other countries,” he said, adding that he was not concerned about any possible retaliatory tariffs if he were to regain the White House.

Asked about Medicare, Social Security and Medicare programs and the nation’s spending and deficits, Mr. Trump told CNBC: “There is a lot you can do in terms of entitlements in terms of cutting and in terms of also the theft and the bad management.”

On bitcoin and other cryptocurrencies, Mr. Trump said he has “seen that there has been a lot of use of that. And I’m not sure that I’d want to take it away.” – Reuters

Argentina launches $65 bln bond swap to push back 2024 debt

Image by David from Pixabay

 – Argentina’s government will launch a huge voluntary debt swap on Monday of peso and some dollar-linked instruments set to mature in 2024, a bid to push back repayments amid a major economic crisis hammering the South American country.

The debt, which includes 15 different instruments with a total value pegged at around $65 billion, may be exchanged for new inflation-linked instruments with maturity dates ranging from 2025 to 2028, according to the government.

“The eligible securities in the hands of the public and private sector for the swap operation amount to some 55 trillion Argentine peso ($64.86 billion)” a government source said, adding around 70% of the maturities were in the hands of the public sector.

The government will open the auction process on Monday morning and will close it on Tuesday evening. Settlement of the offers received and awarded will take place on Friday.

Argentina’s new President, libertarian Javier Milei, is battling to restore economic stability with a tough austerity and cost-cutting drive, which has helped improve the fiscal balance but dampened growth and economic activity.

The grains producing country is also grappling with inflation running at over 250%, poverty that is climbing towards 60%, depleted central bank foreign currency reserves, and a myriad of currency controls to protect the embattled peso. – Reuters

Chipmakers cite wafer fab as key to surviving supply cuts

REUTERS

By Justine Irish D. Tabile, Reporter

THE Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said building a wafer fabrication plant needs to be a priority in the event of disruptions in the supply of semiconductor wafers from Taiwan.

“I’m concerned that if China exerts pressure on Taiwan, we may lose our semiconductor wafer supply because they supply 70% of global (requirements), and we’re dependent on them,” SEIPI President Danilo C. Lachica told reporters last week.

“If that supply chain is broken or impacted significantly, our $49-billion industry and 3 million direct and indirect workers will be jeopardized,” he added.

Earlier this year, Secretary Frederick D. Go, who heads the Office of the Special Assistant to the President for Investment and Economic Affairs, expressed support for building a laboratory-scale wafer fabrication plant.

“We’ve had a couple of meetings already,” Mr. Lachica said. “And I’m just elated that (Mr. Go has) taken a high interest in semiconductor wafer manufacturing because it’s really a strategic move.”

The semiconductor industry is among the top five priority sectors for Mr. Go, along with agriculture, mining, steel, and pharmaceuticals.

Mr. Lachica said that the Philippines has a growing integrated circuit (IC) design industry, which could be further improved by building wafer production capability.

“But right now we send the tapes to TSMC (Taiwan Semiconductor Manufacturing Co. Ltd.) in Taiwan. So we might lose the intellectual property; it costs more, and it takes longer, so we really need our own capability,” he said.

“That is what I explained to Secretary Go, and he understands, and that’s why he’s helping us push for it,” he added.

However, he said that the Philippines is not yet ready to build a full-size wafer fabrication plant, which he described as capital-intensive.

“A nanotechnology wafer fabrication plant is going to cost $15-20 billion, and we don’t have that kind of money,” he said. “But again, we should start with small steps and then grow our capability, as we also have to train our talent.”

He said that the Philippines will have to build up its talent base via the prototyping lab.

“But eventually we need the Philippine government to convince the US government to encourage a couple of US multinationals to build a wafer fabrication plant here,” he added.

Meanwhile, he said SEIPI is looking to partner with companies from India and the Czech Republic to further help develop the industry via electronics collaborations.

“We don’t really have any Indian company members practicing electronics because most of the Indian companies are in business process outsourcing,” he said. “We also don’t have any members in the Czech Republic; that’s why, on March 15, I’m going to join the President there to sign an agreement with our counterpart industry association.” 

“The next thing is that we invest there or they invest here in the Philippines. But preferably, I’d like the investment here, so that’s why we’re trying to develop the relationship,” he added.

Mr. Lachica said SEIPI has a conservative target of flat growth in semiconductor exports this year, but noted that modest growth could be achieved if trading conditions improve.

“We’re hoping to still see some modest growth for 2024… There’s global demand for electronics products, and hopefully, the conditions will stabilize (after) the trade war, wars, supply chain disruptions, and oversupply… contributed to the decline in exports last year,” he said.

Rice imports at end of Feb. top 728,000 MT

REUTERS

RICE IMPORTS totaled 728,254.49 metric tons (MT) year to date at the end of February, up 84.6% from a year earlier, according to the Bureau of Plant Industry (BPI).

According to BPI data, rice imports in February more than doubled year on year to 303,603 MT.

The US Department of Agriculture (USDA) projects Philippine rice imports of 4.1 million MT this year.

The last projection is 5.1% higher than the previous forecast of 3.9 million MT, according to a report from the USDA’s Foreign Agricultural Service.

The BPI reported that Vietnam remained the Philippines’ top supplier of rice, accounting for 53.7% of imports on volume of 390,997.22 MT.

In January, the Vietnamese government signed a memorandum of understanding to supply the Philippines with 1.5 million to 2 million MT of rice annually for five years.

Thailand supplied 195,921.38 MT during the period, or 27% of the total shipments.

The government has also expressed interest in engaging with Cambodia on a potential deal to supply rice to the Philippines.

Imports from Cambodia amounted to 1,620 MT in the first two months, accounting for 0.2% of the total.

President Ferdinand R. Marcos, Jr. said that a trade deal would bolster supply at a time when the domestic crop is threatened by droughts and dry spells brought on by El Niño.

Damage to agriculture from El Niño has topped P1.23 billion, with the Western Visayas the hardest hit region, according to a report by the National Disaster Risk Reduction and Management Council.

The government weather service, known as PAGASA (Philippine Atmospheric, Geophysical and Astronomical Services Administration), said last week that 25 provinces on Luzon and five in the Visayas have the potential to develop drought conditions, while 22 may potentially experience dry spells until the end of March.

Another 15 may also experience dry conditions during the month. — Adrian H. Halili

BCDA signs four deals with Australian companies

BCDA

THE Bases Conversion and Development Authority (BCDA) said on Monday that it signed four deals with Australian suppliers of smart-city solutions.

“These agreements will help not just the BCDA but the whole country to navigate toward a safe and sustainable future in terms of digital transformation and renewable energy transition,” BCDA President and Chief Executive Officer Joshua M. Bingcang said.

“Through these deals, we will also be able to drive inclusive economic growth and create more high-quality employment opportunities for those living within the economic zones we operate,” he added.

The four deals form part of the $1.53 billion in agreements clinched by President Ferdinand R. Marcos, Jr. at the Philippine Business Forum in Melbourne.

Kaizen ANZ Pty Ltd. has been tapped to develop, design, construct, commission, and fund a Tier-3 data center in Poro Point Freeport Zone, La Union.

“This will provide the Philippines with a robust and scalable infrastructure for secure and efficient computer, network, and storage technology capabilities,” the investment promotion agency said.

The deals also include a partnership with St. Battalion GigaFactory, Inc., which will introduce next-generation battery manufacturing in the Philippines through four factories in New Clark City.

BCDA also signed a memorandum of understanding (MoU) with Energy Decarb Pty Ltd. to deploy decarbonization solutions at BCDA sites.

“This deal includes the orchestration of renewable energy, storage, and e-mobility, aimed at reducing energy costs and reliance on grid power,” the BCDA said.

An MoU with Passenger Urban and Rapid Vehicles Solutions, Inc. aims to explore potential opportunities in providing electric vehicle fleets within BCDA properties.

“This would include the design, installation, and operation of fast-charging stations,” the BCDA said. — Justine Irish D. Tabile