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Bangsamoro districts created

COTABATO CITY — The first ever Bangsamoro parliamentary elections in 2025 will cover 32 newly created districts, according to local officials.

This would ensure ample representation of the Bangsamoro component provinces and cities in the regional Parliament, they said.

While the first-ever Bangsamoro parliamentary elections are still far away, many local executives are now trying to build a consensus on which candidates to support for each seat in the regional Parliament.

The interim Bangsamoro Parliament is composed of 80 members appointed by President Ferdinand R. Marcos, Jr. Their terms will last until lawmakers are elected next year alongside with the midterm elections.

Bangsamoro Chief Minister Ahod Balawag Ebrahim signed into law last week the Bangsamoro Autonomy Act 58 that established the 32 parliamentary districts in the autonomous region that covers the provinces of Maguindanao del Sur, Maguindanao del Norte, Lanao del Sur, Basilan, Sulu and Tawi-Tawi and the cities of Lamitan, Marawi and Cotabato. — John Unson

Davao starts aid distribution

PHILSTAR FILE PHOTO

DAVAO CITY — The regional office of the Department of Social Welfare and Development (DSWD) has started distributing emergency cash transfers to the victims of the shear line, low-pressure area (LPA) and the Masara landslide in Davao del Norte, Davao Oriental and Davao de Oro.

More than 200,000 families were affected by the shear line, about 440,000 by the LPA trough and about 2,200 by the landslide, according to data from the agency.

Vanessa B. Goc-ong, regional director of DSWD 11, on Monday said they started distributing the aid to 70,000 target beneficiaries in Davao del Norte.

The number of beneficiaries could still increase based on a report by the Provincial Disaster Risk Reduction and Management Office,” she told reporters. — Maya M. Padillo

Peso strengthens as soft PMI data pull down dollar

BW FILE PHOTO

THE PESO strengthened against the dollar on Monday following softer-than-expected US manufacturing purchasing managers’ index (PMI) data.

The local unit closed at P55.97 per dollar on Monday, strengthening by 4.5 centavos from its P56.015 finish on Friday, Bankers Association of the Philippines data showed.

The peso opened Monday’s session stronger at P56 against the dollar. It moved within a narrow range, as its weakest showing was at P56.055, while its intraday best was at its close of P55.97 versus the greenback.

Dollars exchanged dropped to $768.2 million on Monday from $1.43 billion on Friday.

The peso was supported by a generally weaker dollar on Monday as softer US manufacturing data stoked expectations of a rate cut by the US Federal Reserve, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

“The peso continued to strengthen after the softer-than-expected US manufacturing PMI signaled concerns on the US economy,” a trader likewise said in an e-mail.

The US dollar drifted within a tight range on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts, Reuters reported.

The dollar index — which measures the currency against six major peers, including the euro and yen — was little changed at 103.85 as of 0530 GMT, oscillating narrowly in the bottom half of it 103.43-104.97 range of the past month.

The index lost 0.26% on Friday following some weak manufacturing and construction spending data.

The Institute for Supply Management said its manufacturing PMI fell to 47.8 last month from 49.1 in January, the 16th straight month that the PMI remained below 50. This indicates contraction in manufacturing.

For Tuesday, the trader said the peso could weaken anew due to a potential uptick in Philippine headline inflation last month.

The trader sees the peso moving between P55.95 and P56.10 per dollar on Tuesday, while Mr. Ricafort expects it to range from P55.87 to P56.07.

PESO TO UNDERPERFORM ASIAN FX
Meanwhile, MUFG Global Markets Research expects the peso to remain weak this year due to the country’s wide current account deficit, it said on Monday.

“While strong growth could boost equity inflows and keep the BSP (Bangko Sentral ng Pilipinas) hawkish for longer, what also matters for peso is the trajectory of the current account deficit,” the research firm said in a report.

“The current account deficit remains wide at around 3% of GDP, and FX (foreign exchange) valuations are expensive. The good news is that inflation is coming off, allowing policy space for BSP to cut rates gradually, while FDI (foreign direct investment) approvals have improved,” MUFG Global Markets Research said.

MUFG Global Markets Research expects the peso to end at P56.20 per dollar in the first quarter, P55.80 in the second quarter, P55.30 in the third quarter, and to close the year at P55 against the greenback.

“We continue to expect the peso to underperform Asian FX in 2024, but it’s important to stress this is not a massive bearish call,” it said.

The BSP projects a $9.5-billion current account deficit for 2024, equivalent to 2% of gross domestic product (GDP) last year. This would be narrower than the $11.2-billion (-2.5% of GDP) shortfall last year.

The BSP reported a current account deficit of $10.9 billion in the first nine months of 2023, equivalent to 3.5% of GDP.

The research firm also expects the BSP to cut rates by 50 basis points (bps) in the second half. The Monetary Board raised borrowing costs by 450 bps from May 2022 to October 2023, bringing the policy rate to a near 17-year high of 6.5%. It has since kept borrowing costs steady. — AMCS with Reuters

PSEi climbs after improved manufacturing data

BW FILE PHOTO

PHILIPPINE STOCKS climbed on Monday following data showing improved manufacturing activity and as the market awaited the release of the February consumer price index (CPI) report.

The benchmark Philippine Stock Exchange index (PSEi) rose by 0.46% or 32.08 points to end at 6,951.67 on Monday, while the broader all shares index climbed by 0.27% or 9.74 points to finish at 3,618.95.

“The positive cues from the US markets, along with the robust S&P Global Philippines manufacturing purchasing managers’ index (PMI) last February, boosted sentiment, causing the PSEi to briefly breach the 7,000 level in the earlier session,” Philstocks Financial, Inc. Research Analyst Claire T. Alviar said in a Viber message.

“However, it failed to sustain that rally as some investors took a cautious stance while waiting for the inflation data to be released [on Tuesday],” she added.

“Philippine shares continued to rise as investors made bets ahead of the country’s February CPI, which comes out [on Tuesday], and as investors gear for the start of another trading month,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan likewise said in a Viber message.

The S&P Global Philippines Manufacturing PMI rose to 51 in February from 50.9 in January, S&P Global said on Friday. A PMI reading above the 50 mark denotes improvement in operating conditions compared to the preceding month, while a reading below 50 signals deterioration.

Meanwhile, a BusinessWorld poll of 16 analysts conducted last week yielded a median estimate of 3% for the February CPI, within the 2.8-3.6% forecast of the Bangko Sentral ng Pilipinas (BSP) for the month.

If realized, February inflation would be slightly faster than the 2.8% print in January but slower than 8.6% in the same month a year ago. It would also mark the first time that the CPI picked up on a month-on-month basis since September 2023.

Still, February would be the third straight month that headline inflation was within the BSP’s 2-4% target.

Sectoral indices were split on Monday. Services climbed by 2.46% or 43 points to 1,787.94; property increased by 1.3% or 37.50 points to 2,914.94; and mining and oil went up by 0.93% or 78.97 points to 8,546.96.

On the other hand, financials fell by 0.46% or 9.45 points to 2,022.16; industrials went down by 0.24% or 22.85 points to 9,333.67; and holding firms dropped by 0.13% or 8.66 points to 6,505.52.

“Among the index members, International Container Terminal Services, Inc. was at the top while Universal Robina Corp. was at the bottom, losing by 2.71%,” Ms. Alviar said.

Value turnover inched up to P5.64 billion on Monday with 530.17 million issues changing hands from the P5.63 billion with 910.48 million shares traded on Friday.

Decliners beat advancers, 94 versus 88, while 54 names ended unchanged.

Net foreign buying climbed to P799.61 million on Monday from P677.17 million on Friday. — R.M.D. Ochave

NFA chief among 139 suspended as Ombudsman probes rice sales

PHILSTAR FILE PHOTO

AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said 139 officials and employees of the National Food Authority (NFA) have been suspended pending an investigation into the alleged sale of rice meant to constitute the government’s emergency reserve.

Among the suspended officials was NFA Administrator Roderico R. Bioco, he said.

“We are implementing the preventive suspension order of the (Office of the) Ombudsman against 139 officials and employees of the NFA who are being investigated for alleged involvement in the sale of the rice buffer stock,” Mr. Laurel said in a briefing.

In an order, Ombudsman Samuel R. Martires said that NFA officials had “unilaterally select(ed) the commercial rice traders/millers/buyers in the disposition of NFA’s alleged aging rice stock.”

Mr. Martires added that these actions were in “utter disregard” of the NFA Code of Corporate Governance and the Revised Standard Operating Procedure on Sale of NFA Commodities Through Market-Determined Pricing.

Last week, the Department of Agriculture (DA) ordered the creation of an investigative body to look into allegations that NFA officials had authorized the sale of milled rice at non-market prices.

In a special order, the DA said that the investigating committee will be headed by the Bureau of Fisheries and Aquatic Resources, Director Demosthenes R. Escoto.

“A fact-finding committee is hereby created to investigate and determine all the facts and circumstances regarding the alleged violations and irregularities in the disposition of NFA stocks and other reported anomalies involving officials and or employees,” it said.

According to the DA, rice was sold to traders for P25 a kilogram without bidding, after the palay (unmilled rice) had been purchased at P23 per kilo.

The NFA is required to sell old stock at up to a 10% discount to the mandated price of between P22.5 and P25 per kilo and damaged stocks for at least P6.5 per kilo.

“To avoid any delays in the services and projects of the agency, I will temporarily take over the leadership of the NFA,” Mr. Laurel said.

DA Spokesperson and Assistant Secretary Arnel V. de Mesa said other officials suspended by the Ombudsman included Assistant Administrator for Operations John Robert R. Hermano.

He added that 12 regional managers, 26 branch managers, and 99 warehouse supervisors were also suspended.

“Within 48 hours, the secretary can take over as NFA administrator. Then there will be an emergency NFA Council meeting on Wednesday to appoint a temporary officer in charge, or they will allow (the Secretary) to continue for a few months until someone is appointed,” Mr. De Mesa added.

“The Secretary has already recommended someone… but that is up to Malacañang to decide,” he said. — Adrian H. Halili

NGO calls for post-harvest support in line with sardine management plan

PHILSTAR FILE PHOTO

OCEANA Philippines called on the government to fully implement the National Sardines Management Plan with post-harvest facilities and support for fisherfolk.

In a statement, the non-government organization (NGO) urged the Bureau of Fisheries and Aquatic Resources and local government units to build more such infrastructure and support fisherfolk in bringing their product to market.

Oceana Vice-President Gloria Estenzo Ramos said that fisherfolk will benefit from keeping spoilage to a minimum and increasing incomes by adding value to the basic sardine product.

“Overfishing and decline of the fish population translate to food security issues that need to be addressed. One of the immediate measures is the implementation of the national plan for sardines,” she added.

Ms. Ramos said that the plan calls for science-based measures and policies for all 12 Fisheries Management Areas (FMAs).

She added that the management plan recognizes the variation in conditions in the marine ecosystem covered by the FMAs.

“In doing so, the plan could achieve conservation, sustainable use, and fair sharing of benefits in our sardine resources,” she said. — Adrian H. Halili

Australia eyed for partnerships in RE, critical minerals

REUTERS

THE Department of Trade and Industry (DTI) said it pitched Australian companies on critical minerals, renewable energy (RE), education, and agriculture projects at the Philippine Business Forum staged in conjunction with the visit by President Ferdinand R. Marcos, Jr. to Canberra.

“We see opportunities for Australian businesses to invest in the Philippines’ priority sectors such as critical minerals, renewable energy, education and training, and agriculture,” Trade Secretary Alfredo E. Pascual said in a statement.

He said over 300 Australian companies currently employ 40,000 workers in various industries in the Philippines.

“(The) potential collaboration in priority sectors is aligned with Australia’s Southeast Asia Economy Strategy 2024, which promotes the transition to a greener economy and achieving a low-carbon future,” he added.

Trade between the Philippines and Australia amounted to $4.1 billion last year, exceeding pre-pandemic levels, according to DTI.

“To further enhance trade and investment relations, the Philippines has recently signed essential policy instruments, such as the Second Protocol of the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA),” the DTI said.

Last month, the DTI signed the new protocol which contains chapters on government procurement, trade and sustainable development, and micro, small and medium enterprises.

The instrument also added new rules under the Trade in Goods and Customs Procedure chapters to address non-tariff measures.

The business forum builds on the Philippines-Australia Ministerial meeting in October with the aim of fostering new connections and networking opportunities for the Philippine delegation, which included the DTI, Department of Finance, Department of Energy, and the Philippine Economic Zone Authority (PEZA).

Mr. Marcos attended the event with Speaker Martin G. Romualdez and Special Assistant to the President for Investments and Economic Affairs Secretary Frederick D. Go.

“With our shared and unwavering commitment to firmly pursue a more dynamic, open, and sustained partnership, we are poised to reap the benefits of a robust Philippines-Australia relationship,” said Mr. Pascual.

During the event, Mr. Pascual announced 12 business deals with Australian companies involving $1.53 billion in investments. The agreements included industries like renewable energy, waste-to-energy technology, organic recycling, and data centers.

“These sectors are indicative of future Philippines-Australia business engagement. They serve as tangible outcomes of investment promotion and will anchor ongoing and future Philippines-Australia business engagements,” he said.

PEZA Director General Tereso O. Panga said the Philippine deal participants were long-time PEZA investors Integrated Micro-electronics, Inc. and Filinvest – Clark Green City.

On the sidelines of the forum, Mr. Panga and Mr. Pascual met with Australia’s Plentex Ltd. to discuss the company’s plan to set up an aquaculture farm and food processing facilities in Leyte and Samar.

“The proposal falls squarely within the President’s food security agenda and one of PEZA’s priorities under the leadership of Director General Panga to pursue the development of aquamarine or blue ecozones in support of the proposed Blue Economy Act,” the investment promotion agency said.

To date, PEZA has 130 Australian-owned locators accounting for P14.28 billion worth of investment, generating almost $1 billion in annual exports. — Justine Irish D. Tabile

DoT’s Frasco backs return of pulpit art to Cebu shrine

AUGUSTINIAN PROVINCE OF SANTO NIÑO DE CEBU PHOTO

THE Department of Tourism (DoT) has expressed support for the return of pulpit artwork currently held by the National Museum of the Philippines (NMP) to the Archdiocesan Shrine of Patrocinio de Maria Santissima in Boljoon, Cebu.

In a letter addressed to NMP Chairman Andoni M. Aboitiz, Tourism Secretary Maria Esperanza Christina G. Frasco called for the return of the panels that used to adorn the shrines’ pulpit. The DoT said the panels were donated to the museum by collectors more than four decades ago.

“I, as Secretary of the DoT, an ex-officio member of the Board of Trustees of the NMP, respectfully manifest my support for the requests of the Archdiocese of Cebu, the Provincial Government of Cebu, and the Municipal Government of Boljoon, for the return of the religious panels to the Boljoon Church,” said Ms. Frasco in the letter.

She said that the panels are historically significant for Cebu and form part of the island’s cultural heritage.

“The Boljoon Church is of outstanding cultural value to the Philippines as a National Cultural Treasure, National Historical Landmark, and is on the Philippines’ Tentative List as a UNESCO World Heritage Site for Baroque Churches of the Philippines (Extension),” she added. 

Citing the National Tourism Development Plan 2023-2028, she said that protecting culture and heritage is part of the DoT’s mission.

“The primordial goal of the DoT is to establish a Philippine tourism industry that is anchored on Filipino culture, heritage, and identity,” she said.

“Hence, as the DoT supports the protection and conservation of our nation’s religious and cultural treasures and artifacts, it also advocates that the destinations and communities from where these treasures and artifacts emanate should be proactively sustained and duly respected,” she added.

She said Boljoon Church, in the south of Cebu island, has potential as a pilgrimage destination.

“Religious artifacts and sites such as the pulpit panels and the Boljoon Church enrich the culture and history of tourism destinations, driving travelers to visit and supporting the local economy by providing tourism-related livelihood and employment,” she added.

The Municipality of Boljoon last month asked to investigate the series of events surrounding the museum’s acquisition of the panels. — Justine Irish D. Tabile

DBS projects February inflation rose to 3%

PHILSTAR FILE PHOTO

INFLATION may have picked up to 3% in February due to price pressures stemming from food and fuel, DBS Bank Ltd. said.

“February inflation is expected to tick up to 3% year on year from 2.8% the month before, within the central bank’s target,” it said in a report.

The DBS forecast matches the median estimate of a BusinessWorld poll of 16 analysts.

If realized, February inflation will have accelerated from the 2.8% reading in January. It is also within the 2.8-3.6% forecast of the Bangko Sentral ng Pilipinas (BSP) for the month.

However, this would mark the first time inflation picked up on a month-on-month basis since September.

“Upside price pressures stem from the volatile food component including rice, meat, and fish, besides non-food items like fuel and utilities,” the report said.

At the end of February, the price of a kilogram of domestically grown well-milled rice ranged from P48 to P55 while regular-milled rice cost about P50 per kilogram.

In February, pump prices rose by a net P1.05 a liter for gasoline, P1.55 a liter for diesel and P0.35 a liter for kerosene.

“Base effects are conducive for the first half, which will help keep inflation within the target range notwithstanding simmering pressures,” it added.

DBS expects inflation to settle at 3.3% this year and 3% in 2025. The BSP sees inflation averaging 3.6% this year and 3.2% next year.

February inflation data is set to be released today, March 5.

Meanwhile, DBS expects the central bank to deliver its first policy cut by the fourth quarter.

“The BSP is expected to maintain a cautious stance, with delays in the Fed’s rate cut cycle also likely to keep the Philippine authorities from lowering rates prematurely,” it said.

DBS sees the BSP cutting rates by 75 basis points (bps) to bring the benchmark rate to 5.75% in the fourth quarter.

The BSP kept its key rate steady at 6.5% at its February meeting. The central bank raised borrowing costs by 450 bps from May 2022 to October 2023. — Luisa Maria Jacinta C. Jocson

Cambodia being positioned as potential rice supplier

REUTERS

PRESIDENT Ferdinand R. Marcos, Jr. and his Cambodian counterpart have agreed to expand their trade in rice as well as in tourism promotion, the Palace said on Monday.

El Niño has affected Philippine rice production, Mr. Marcos told Cambodian Prime Minister Hun Manet in a bid to expand the sources of rice the Philippines can tap.

“We really need to look back and engage in terms of trade in agriculture, rice specifically. When I visited you in Cambodia last time, that was the subject we were talking about. We were preparing for this drought. It’s now happening,” according to Mr. Marcos, who visited Cambodia in November 2022 for Southeast Asian leaders’ summit. 

“We really have to be flexible in looking at our suppliers.”

The Department of Agriculture (DA) has estimated damage and losses to agriculture due to El Niño of P357.4 million. Western Visayas was the most affected region, incurring damage worth P127 million.

The government weather service, known as PAGASA (Philippine Atmospheric, Geophysical and Astronomical Services Administration), last week said temperatures could hit 40 degrees Celsius once the Amihan season ends this month.

Cambodia’s production of unmilled rice was estimated at 10.9 million tons in 2020, according to the Asian Development Bank.

Mr. Marcos and the Prime Minister also committed to address double taxation issues.

The two countries began formal talks to address double taxation in 2018.

“Under the agreement, residents of one country receiving income in another contracting state, or vice versa, will not be taxed twice for the same income, property or investment,” the Palace said.

“The agreement also provides tax relief in the form of exemptions or preferential tax rates.”

The two leaders also sought to boost tourism cooperation by increasing air connectivity.

Cambodia has increased air services to Manila, the Prime Minister told Mr. Marcos.

“We now have flights, five times, from Cambodia to the Ninoy Aquino International Airport,” the Prime Minister said, noting that his government is considering Cebu as an additional destination for Cambodians. — Kyle Aristophere T. Atienza

Financial, telco industries seen driving hiring growth

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By Justine Irish D. Tabile, Reporter

THE financial services and technology and telecommunications industries are expected to drive demand for staffing as they gear up to respond to greater digitalization, according to global recruitment agency Michael Page International Pte Ltd.

Carla Lastimosa, partner at Page Executive Philippines, said that the Philippines will be experiencing “a dynamic shift in hiring trends” in 2024.

“(This will be) particularly driven by robust government initiatives in the financial services sector, which has seen an increase in job placement,” Ms. Lastimosa said in an e-mail.

“This growth is fueled by the Bangko Sentral ng Pilipinas’ push towards digitalization and financial inclusion, significantly impacting employment opportunities,” she added.

Meanwhile, she said that the technology and telecommunication industries are now emerging as the top choice for job seekers, reflecting expectations they will grow rapidly.

Michael Page estimates that demand will come from financial services (30%), retail (17%), fast-moving consumer goods (17%), and technology and telecommunications (13%).

“Financial services would be your traditional banks, remittance business, and financial technology and there’s a big chunk of demand coming from this industry, followed by the retail sector,” Ms. Lastimosa said.

“We are big consumers when it comes to the retail industry, but you will be surprised that the part of the retail industry that is really booming right now in the Philippines is sports retail and some of these retail companies are not concentrated in Metro Manila,” she added.

However, she said that employers still face talent shortages, talent retention issues, and challenges in keeping up with the demand for hybrid work.

She said that most talent will still choose to work overseas, resulting in a systemic talent shortage due to lack of investment in employee development and benefits.

To address this, she said that companies must invest in upskilling the workforce, hire seasoned organizational development talent and improve employee benefits by offering additional annual leave and including dependents in healthcare benefits.

“Hiring managers should proactively engage with employees to understand and address their needs, ensuring competitive compensation and benefits, providing clear career development opportunities, and fostering a positive workplace culture,” she said.

“By focusing on these key areas, companies can enhance employee satisfaction and retention, reducing the need for counter offers as a reactive measure,” she added.

She said that the talent war has skewed salary benchmarking for some roles, pointing to the need for strategies that extend beyond salaries.

“This includes staying informed on market trends to ensure salary structures are competitive and aligned with industry standards,” she said.

“This works together with consistently enhancing their overall value proposition through career development opportunities, a positive workplace culture, and meaningful benefits,” she added.

Meanwhile, she said employees still prefer flexible work arrangements, pointing to the need for companies to integrate remote work, flexible hours, and hybrid models into their processes.

“Investing in the necessary technology and infrastructure to facilitate effective remote collaboration is essential,” she said.

“By embracing these changes, companies can meet employee expectations, expand their talent pool, and position themselves as progressive in today’s evolving work landscape,” she added.

Victoria Sports Pro Cycling unveils new revamped team

The Victoria Sports Pro Cycling (VSPC) unveils the new additions to its team for the 2024 races, led by leader Carlos Francisco Ochoa and sports director Hector Carretero from Spain (first and second from left), during in the official launch on Sunday at the Victoria Sports Tower in Quezon City. _

REJIGGED and reloaded.

The souped-up Victoria Sports Pro Cycling (VSPC) unveiled its new team that is raring to fly the flag high in a slew of international races, starting with the Tour de Taiwan next week.

Paced by team leader Carlos Francisco Ochoa, VSPC is keen on surpassing the heights of its debut year marked by gallant finishes in different tours abroad.

“It’s not just about the launch of a new team. It’s a continuation of our growth and evolution from last year for the dream of elevating Philippine cycling to the highest level possible — may it be the world championships or Tour de France,” said Mr. Ochoa during the team launch over the weekend at the Victoria Sports Tower in Quezon City.

The revamped VSPC team is made up of Filipino, European and Latin cyclists with distinguished Spanish cyclist Hector Carretero, a former Movistar Team standout and member of Spain’s UCI pro team Equipo Kern Pharma, leading the way as new sports director.

Former Le Tour de Filipinas champion El Joshua Cariño takes on a new role as one of the assistants sports directors for VSPC, which scoops up the services of seasoned rider Marcelo Felipe with young guns Alexis Pagara, Ismael Grospe Jr., Landerson Nebres, Edson Corbadora, Miguel Andrei Obmerga, Kenneth Maramba and the 23-year-old Nichol Pareja, who ruled the individual time trial (ITT) in this year’s PhilCycling National Championships for Road.

Serving as added reinforcements are Olympian Nicolas Sessler from Brazil, Edgar Nieto of Spain and Dutch Jeroen Meijers, who won the individual title in last year’s Tour de Taiwan.

They will join holdovers Mr. Ochoa, Ean Cajucom, Daniel Van Cariño and Portuguese Jose Mendes after anchoring VSPC’s rousing entry to the cycling world last year with UCI stints in Iran, Spain, Portugal, Azerbaijan, Poland and Uzbekistan.

After Taiwan on March 10 to 14, VSPC will represent the country in elite races in the Netherlands, Serbia, Spain, Portugal, Indonesia, Greece, Estonia, Poland, Azerbaijan and Romania for a total of 16 tours in a loaded schedule this year. — John Bryan Ulanday

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