Home Blog Page 2587

Disaster spending fell 52.4% in 2022 — PSA

DISASTER RISK reduction expenditure declined by 52.4% in 2022, to P315.89 billion, the Philippine Statistics Authority (PSA) said.

The PSA defines disaster risk reduction expenditure as “activities undertaken to preserve and protect society, the economy, and the environment from disasters.”

“Disaster risk reduction expenditure accounts allow us to monitor the resources allocated and demonstrate how investing in (it) saves lives and resources from a cost-benefit economic point of view,” it added.

Disaster mitigation accounted for a little over a third of total expenditures, equivalent to P107.97 billion, 64.5% higher compared to a year earlier.

“Disaster mitigation includes activities and measures to reduce existing disaster risk or to limit the adverse impacts of a hazardous event. Activities and measures (include) structural measures and construction, non-structural measures, land-use planning, and early warning systems management,” the PSA said.

Expenditure on disaster prevention dropped 50.4% to P77.98 billion. This includes “activities and measures to avoid existing and new disaster risks,” as well as the “risk prevention in advance of hazardous events and risk prevention in or after a hazardous event.”

Disaster management expenditure — items related to preparedness and emergency management — fell 57.4% to P75.65 billion in 2022.

“Disaster management is the organization and management of resources and responsibilities for creating and implementing preparedness and addressing all aspects of emergencies and other plans to respond to, and to decrease the impacts of disasters,” the PSA added.

Meanwhile, disaster recovery spending fell 79% to P54.29 billion.

“Disaster recovery involves the restoration and improvement of livelihoods and health, as well as economic, physical, social, cultural, and environmental assets, systems, and activities of a disaster-affected community or society, aligning with the principles of sustainable development and “build back better,” to avoid or reduce future disaster risk. This includes relocation, rehabilitation, and reconstruction,” it said. — Luisa Maria Jacinta C. Jocson

PHL pitching deals to Taiwan manufacturing, chip companies

REUTERS

TAIPEI — The Philippine Trade and Investment Center (PTIC)  said it is seeking to connect more Taiwan businesses with potential Philippine partners for potential manufacturing, electronics, semiconductors, and agriculture ventures next year.

“The objective is that we would be able to contribute to the manufacturing resurgence of the Philippines,” Anthony B. Rivera, PTIC-Taipei Director for Commercial Affairs told BusinessWorld on the sidelines of the Healthcare+ Expo trade show in Taipei.

“We see a lot of opportunities and collaboration in terms of industry development,” Mr. Rivera said.

“Taiwan is technologically advanced, and it is willing to share (know-how in) industry-specific areas,” he added.

The Philippines obtained $71 million worth of investment deals in the first nine months from Taiwan, up sharply from $21.18 million a year earlier.

Mr. Rivera said investments valued at $22 million have since materialized, involving manufacturing, wholesale and retail, electricity, gas, and air conditioning, financial and insurance activities, professional, scientific and technical activities, and real estate.

Taiwan was the source of the second-largest investment commitments in the third quarter at P3.63 billion, the Philippine Statistics Authority reported.

Mr. Rivera said collaborating with the Philippines can help Taiwan mitigate its labor shortages.

Taiwan companies in the industrial and service sectors reported about 216,000 job vacancies earlier this year, according to a survey conducted by the Taiwan Directorate-General of Budget, Accounting and Statistics.

“We are prioritizing in 2024 for Taiwan (to become) a source of sustainable export driven trade and investments anchored on ESGs (environmental, social, and governance factors) and green manufacturing,” Mr. Rivera said. — Beatriz Marie D. Cruz

Farmers lobby for more support to regions with land available to expand rice planting

PAT WHELEN-UNSPLASH

THE Philippine Chamber of Agriculture and Food, Inc. (PCAFI) said on Thursday that the Department of Agriculture needs to support farmers in regions with sufficient land to plant more rice.

PCAFI President Danilo V. Fausto told reporters that more government support should be given to the Western and Eastern Visayas, Soccsksargen, and Bangsamoro Autonomous Region in Muslim Mindanao.

Following a meeting with Secretary Francisco T. Laurel, Jr., Mr. Fausto said the DA is currently studying alternative rice planting sites.

“On rice, (the Secretary of Agriculture) is trying to go not only to Central Luzon and the Cagayan Valley. He is looking at other planting areas,” he said.

The DA is projecting that production of palay, or unmilled rice, will hit 20 million metric tons this year.

PCAFI is also calling for the continuation of subsidies for hybrid seed varieties to increase yield per hectare for rice and corn.

“We support (the Secretary’s) plan to reorganize the DA to be more aggressive…in disbursement, they are a bit delayed in reaching the farmers,” Mr. Fausto added.

Additionally, PCAFI is also pushing for the DA to provide fertilizer subsidies.

Separately, Mr. Laurel said in a statement that there are opportunities to synchronize rice programs to improve grain production and reduce post-harvest losses.

“We just have to focus our efforts and synchronize with each other in implementing our rice programs with all agencies, local government units, and stakeholders,” he added.

He said that the DA is also set to launch a “massive modernization program” to increase the rate of rice recovery after milling from the previous rate of 62%, while reducing post-harvest waste. — Adrian H. Halili

Quiambao, DLSU eye payback in Game Two to force rubber match

UAAP Season 86 MVP Kevin Quiambao (17) —FACEBOOK.COM/WEARETHEUAAP

KEVIN Quiambao promises to unleash his might and prove his mettle as the rightful Most Valuable Player (MVP) as De La Salle University (DLSU) fights to stay alive on his coronation day.

The soon-to-be University Athletic Association of the Philippines (UAAP) Season 86 MVP said people can count an entirely different Mr. Quiambao in Game 2 compared to a forgettable outing in Game 1 when the Green Archers were decimated by the in-form University of the Philippines (UP) Fighting Maroons, 97-67.

It’s the most lopsided Game 1 in the UAAP Final Four era as Mr. Quiambao admitted being disappointed with his performance in De La Salle’s deflating 30-point defeat in their first-ever UAAP finale date with UP.

Mr. Quiambao shot only four-of-10 from the field in 31 minutes of play and had a -22 efficiency as the triple-double threat forward struggled against a bevy of defenders thrown at him by the Fighting Maroons led by his former National University high school teammate Reyland Torres.

Mr. Quiambao averaged 16.7 points, 10.9 rebounds, 6.0 assists and 1.9 steals in almost 30 minutes of play in 14 games to win MVP with 97. 0 statistical points. He led second-place Rey Remogat (85.9) by over 11 SPs for a runaway fashion.

He’s set to be awarded tomorrow as the first local MVP since Ateneo’s Kiefer Ravena in 2014 and 2015 and the first local Green Archer since Don Allado’s back-to-back feat in 1998 and 1999

The last Green Archer to win MVP was Ben Mbala in 2016, which also happened to be De La Salle’s last UAAP championship.

Just two days before De La Salle’s finals stint, the four-peat champion teams of the Green Archers in 1998 to 2001 and in 2016 were feted in the ring ceremony at the school campus with the current team also gracing the event.

It’s now on Mr. Quiambao and the crew of coach Topex Robinson to turn that as a motivation as the Green Archers eye payback in Game 2 to force a winner-take-all duel. — John Bryan Ulanday

San Beda, Lyceum clash for NCAA S99 finals slot

FACEBOOK.COM/NCAA.ORG.PH

Game Friday
(Smart Araneta Coliseum)
3 p.m. — San Beda vs LPU

JACOB Cortez and the giant-slaying San Beda University Red Lions aim to extend their domination of the Lyceum of the Philippines University (LPU) Pirates as the two collide one last time for the last National Collegiate Athletic Association (NCAA) Season 99 finals spot at the Smart Araneta Coliseum.

Mr. Cortez should ride the momentum of his career 28-point masterpiece in an 89-68 destruction of LPU in the first Final Four game at the MOA Arena Tuesday that forced this 3 p.m. sudden death.

The winner of this one will seal the last ticket to the best-of-three finals where the fearsome Mapua University Cardinals, who disposed of the College of St. Benilde Blazers in their own semifinal duel, awaits.

The finale is set either Sunday or Monday at a still unspecified venue.

While he is expected to draw the biggest defensive attention from the Pirates, Mr. Cortez thinks it’s a folly to just focus on him.

Truly, Mr. Cortez wasn’t the only offensive weapon to knock LPU out last time as Yuki Andrada, Nygel Gonzales and James Payosing each drained a pair of triples as part of total 13 San Beda uncorked that game.

For San Beda coach Yuri Escueta, the team with the better defensive execution should prevail.

“We have to lock in defensively and focus on it,” said Mr. Escueta.

LPU’s fate will hinge largely on how it could contain Mr. Cortez and San Beda’s armory of shooters as well as generating offense from its energetic and athletic wingmen headed by Enoch Valdez.

Mr. Valdez had 14 points and nine boards last time, but he would need to do more if he wants to make the finals and prevent it from being his one final game for LPU.

And, like a chess match, Mr. Cortez expects changes in LPU’s approach.

“They’re going to make adjustments, we’re going to make adjustments,” said Mr. Cortez. — Joey Villar

NLEX new import debuts against defense-savvy Magnolia

STOKLEY CHAFFEE, Jr., the Road Warriors’ high-energy and likeable new import moving forward. —PBA.PH

Games Friday
(PhilSports Arena)
4 p.m. — NorthPort vs TNT
8 p.m. — NLEX vs Magnolia

THERE’s a new-found electricity in the NLEX camp with the arrival of Stokley Chaffee, Jr., the Road Warriors’ high-energy and likeable new import moving forward.

Mr. Chaffee replaced Thomas Robinson, who went 2-2 with NLEX in a PBA Commissioner’s Cup stint marred by a post-game heated verbal altercation with NorthPort team manager Pido Jarencio.

NLEX coach Frankie Lim said Mr. Chaffee was recommended by legendary import Sean Chambers himself.

“He (Mr. Chambers) told me this guy is good, he’s very disciplined, and high-energy,” Mr. Lim said on CNN Philippines’ Sports Desk of the 6-foot-8 Mr. Chaffee, who gets the toughest possible test in his PBA debut tonight versus leader and defense-savvy Magnolia (4-0) at the PhilSports Arena.

“When he practiced with us, high-energy and very quick. He’s easy to teach, just tell him one thing and he’ll do it right away…It’s not stressful anymore.”

The Road Warriors decided to release Mr. Robinson after he went on an unscheduled vacation and skipped practices, which they stressed, “compromised the value of discipline, commitment and teamwork,” and brought in the Tennessee State University alum.

“He (Mr. Chaffee) can do a lot of things for us and the most important thing is, the players like him, they like what they see (from the new import) in practice,” said Mr. Lim.

Mr. Chaffee starts his duties at the same time as Fil-Am Brandon Ganuelas Rosser gets re-inserted into the fold coming out of the injured list.

NLEX needs as many hands on deck in the 8 p.m. tiff as it seeks a follow up to its 112-104 victory over the Batang Pier that was stained by the Robinson-Jarencio spat in the tunnel against the conference’s only unbeaten team at that.

Meanwhile, TNT (2-2) and NorthPort (2-2) engage at 4 p.m. in a duel of teams bent on getting back on track. The Tropang Giga come off a 95-104 loss to Meralco while the Batang Pier are on a two-game slide after a 2-0 opener.

Notes: Barangay Ginebra formally activated veteran guard LA Tenorio in its lineup yesterday preparatory to his awaited comeback. Now cancer-free, Mr. Tenorio is eyeing to play on Sunday against Terrafirma for the first time after ending his Iron Man streak last February and undergoing treatment. — Olmin Leyba

Kayla Sanchez can compete under Philippine flag in Paris Olympics, says IOC

SWIMMER KAYLA SANCHEZ —PHILSTAR FILE PHOTO

OLYMPIC swimming medalist Kayla Sanchez can now compete in next year’s Paris Olympics under the Philippine flag.

It came to fruition after the 22-year Fil-Canadian got an exemption from the International Olympic Committee (IOC) even though she hasn’t fully completed the requisite three-year period for her to complete her transfer from Canada to the Philippines.

Ms. Sanchez, an Olympic relay medalist who was born in Singapore to Filipino parents before migrating to Canada, decided last year to represent the country through the prodding of Philippine Swimming, Inc. President Lani Velasco.

Of course, Ms. Sanchez would still need to qualify or get the nod of the national swim association as its representative via universality for her to see action in the quadrennial event.

“In view of the Olympic Charter, in particular paragraph 2 of the by-law to Rule 41, the IOC Executive Board decided to consent to your request for exemption from the three-year waiting period and thus to confirm the eligibility (from a nationality perspective) of Ms Kayla Sanchez to represent the Philippines at the Olympic Games 2024, subject to qualification,” said James Macleod, National Relations and Olympic Solidarity director, in a letter to Philippine Olympic Committee President Abraham Tolentino. — Joey Villar

Jeremy Lin, New Taipei Kings rally to beat Meralco Bolts, 97-92, in EASL

JEREMY LIN (R) alongside his brother Joseph. —WWW.EASL.BASKETBALL

MERALCO faltered amid the fourth-quarter surge of Jeremy Lin and the New Taipei Kings as it yielded a 92-97 loss in an East Asia Super League  (EASL) road game Wednesday night at the Xinzhuang Gymnasium.

The Bolts actually had control in the first 30 minutes of play before nine-year NBA veteran Mr. Lin spearheaded a late run that sent the home squad to a comfortable 94-85 cushion.

Mr. Lin, owner of an NBA ring with the Raptors in 2019, posted 25 points, seven assists and four rebounds to lead the P.League+ side to its second win in as many games in Group B.

He was complemented by import Kenny Manigault, who produced a 19-11 double-double statline, and former Bay Area Dragons player Hayden Blankley, who chipped in 15 spiked by three triples.

“Linsanity” and his teammates spoiled the debut of Meralco’s new reinforcement Zach Lofton, who torched the hoops with 35 markers.

Mr. Lofton’s partner-import Prince Ibeh contributed 18 and six for the Meralco Bolts, who fell to 0-2 to stay at the cellar. “I thought we did a good job at the start. But we encountered matchup difficulties with their bigger lineup and allowed them to get a lot of rebounds,” said Meralco coach Luigi Trillo, who also drew twin-digit scoring from Chris Newsome (16) and Anjo Caram (10). — Olmin Leyba

The Scores
New Taipei Kings 97 – Je. Lin 25, Manigault 19, Blankley 15, Kee 8, Anigwe 8, Yang 7, Jo. Lin 6, Davis 5, Su 4, Chen 0.

Olmin Leyba – Lofton 35, Ibeh 18, Newsome 16, Caram 10, Hodge 5, Banchero 4, Quinto 2, Almazan 2, Rios 0, Torres 0.

Quarterscores: 25-30; 45-48; 65-66; 97-92.

Pelicans beat Sixers

THE Pelicans played to potential in their match against the Sixers yesterday. They took the lead on their first attempt 14 seconds into the first quarter, built it to double digits three and a half minutes later, and never relinquished it en route to their sixth victory in the last nine outings. Needless to say, they benefited from the return of starting guard C.J. McCollum; his recovery from a partially collapsed lung enabled them to compete with a full complement for the first time since the first week of November, and it showed in their fluidity on offense.

The fact that the Sixers did not have Joel Embiid certainly hurt their cause. The National Basketball Association’s leading scorer and reigning Most Valuable Player was a late scratch due to an illness, severely handicapping them on both sides of the court. Erstwhile revelation Tyrese Maxey did all he could — but perhaps too much; he had only three assists in 38 minutes on the court, not quite the output they needed from their primary ball handler and playmaker.

The Pelicans rightly capitalized on Embiid’s absence. Zion Williamson proved particularly effective, finishing with a near-flawless stat line of 33 points on 11 of 12 shooting from both the field and the charity stripe. It bears noting that his single miss recorded in the books as a block by defender Mo Bamba actually appeared to be a turnover; he seemed to simply lose the ball as he drove to the basket in the first play of the fourth quarter. In any case, he ruled the paint with impunity while likewise showing remarkable self-restraint; his six dimes extended his 25-and-five streak to six outings.

The Pelicans have a favorable schedule in the next three weeks. They’ll be meeting opponents with losing records in six of their next eight set-tos, which means they have the opportunity to move up significantly from their eighth-place standing in the West. Meanwhile, they stand to further shore up their cohesiveness; their 2023-24 campaign depends on how far Williamson, McCollum, and leading scorer Brandon Ingram can take them. In short, they figure to get better and, assuming they stay healthy, in the thick of things once the playoffs arrive.

 

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and human resources management, corporate communications, and business development.

AirAsia parent considers IPO of Philippine operations

REUTERS

AirAsia parent Capital A said on Thursday it was exploring financing options for its Indonesian and Philippine operations, including a potential initial public offering (IPO) for AirAsia Philippines in the near term.

Capital A Chief Executive Tony Fernandes said in June the Philippine unit was looking at an IPO next year, reviving a fundraising plan that had been shelved numerous times because of market volatility.

Bursa Malaysia stock exchange had classified both AirAsia X and Capital A as PN17, a tag given to financially distressed company, last year.

Such firms may be de-listed from the exchange if they fail to stabilize their finances within a set time frame.

Capital A said it was in the “last stretch” of finalizing its PN17 regularization plan, aiming for a full submission to Malaysia’ stock exchange in the near future.

The company reported a loss attributable of 178.8 million ringgit ($38.39 million) for the quarter ending Sept. 30, compared with a loss of 901.3 million ringgit a year earlier.

Meanwhile AirAsia X, a unit of Capital A, earlier this month met the conditions for “waiver and upliftment” from the PN17 classification. — Reuters

China rejects Philippine claim of fighter jet fly-by

REUTERS

BEIJING – China’s defense ministry on Thursday rejected a Philippine claim that Chinese fighter jets flew past joint patrols being conducted by the Philippines and Australia.

What the Philippines said is “groundless” and “not true”, said a ministry spokesperson at a monthly press conference.

Manila said on Sunday that two Chinese fighter jets were seen “orbiting” a Philippine aircraft participating in patrols with Australia in the South China Sea but did not cause any untoward incident.

What the Philippines said is sheer “malicious” hype, the spokesperson said.—Reuters

SMC’s Ramon Ang named among Forbes Asia’s top philanthropists

RAMON S. ANG

 

RAMON S. ANG

Forbes Asia announced on Thursday its annual list of leading philanthropists in the Asia-Pacific region, which included Ramon S. Ang, president and chief executive officer of San Miguel Corp. (SMC).

Mr. Ang is among the 15 business leaders recognized for “donating from their own fortunes and giving personal time and attention to their select causes,” Forbes Asia said in an e-mailed press statement.

During the September inauguration of a San Miguel Foundation (SMF) community center in Tondo, Mr. Ang pledged to donate P500 million to aid the government of Manila in building schools for underserved communities.

This is also in line with one of SMC’s targets to uplift the lives of at least 15 million people by 2030, he noted in the company’s sustainability report last year.

“I strongly believe that empowering a wide range of Filipinos with education and skills is key to unlocking the country’s potential,” Mr. Ang said.

“This includes not only the youth but also adults in less privileged areas who seek better jobs or want to start their own businesses,” he added.

Additionally, he contributed over P150 million to scholarship grants and medical aid through his RSA Foundation, according to Forbes.

Separately, SMF has spent P1 billion for the construction of five schools in Metro Manila, P14.8 billion for relief measures during the pandemic, and P3 billion for its Pasig River cleanup initiative, it added.

According to Forbes, its annual Heroes of Philanthropy unranked list “does not include corporate philanthropy except for privately held companies where the individual is a majority owner.”

Other Southeast Asian philanthropists on the list include Vikrom Kromadit, founder and chairman of Amata Corp. (Thailand); Low Tuck Kwong, founder and president director of Bayan Resources (Indonesia); Kwek Leng Beng, executive chairman of City Developments (Singapore); and Eddy Kusnadi Sariaatmadja, co-founder and president commissioner of Elang Mahkota Teknologi or Emtek (Indonesia). — Miguel Hanz L. Antivola