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Learning methodologies

PHILIPPINE STAR/KRIS JOHN ROSALES

I began my 65-year career as a high school and college teacher; and wound up my formal employment as a graduate school professor. To this day, I consider those jobs as the hardest of all my undertakings. Looking back, it seems to me that teachers are unnecessarily burdened with administrative tasks, many of which should be reconsidered in order to enhance their effectiveness as facilitators of the basic learning processes.

The poor performance of our 10-year-olds in international competitive tests on reading and mathematics certainly deserves priority and critical attention. Certainly, more than “national security” as indicated by budget allocations requested by the Vice-President and concurrent Secretary of Education.

The problem is truly serious because the capability of our youth determines the future of our country. Each year that we ignore this crucial problem brings our country down as a nation to live in and raise our children in. Citizens need to thrive in an environment that enhances their capabilities and ability to live comfortably and to contribute to a productive community.

First of all, we must rethink the framework for designing our systems of education. The traditional thinking of education as “teaching methodologies” has to be cast aside in favor of student-centered “learning methodologies.”

Teachers are not depositors of information for students to play back in order to get good grades. Teachers should be facilitators of the learning process that makes good use of students’ initiatives, sharpens their natural talents and skills, and enhances their ability to develop critical thinking.

This calls for radical reorientation of the education of our teachers. It also demands more intelligence and dedication to their craft. This means we must encourage the best and the brightest of our high school graduates to become teachers for at least a few years or as a career. It will help if the government decrees public school salaries to be higher than ex-President Duterte ordered for cops and soldiers.

As a teacher I considered preparing and recording grades as very burdensome. In order to have a basis for giving a grade of “82 or 84” for instance, I decided to give daily quizzes. And the easier they were to check the better for me. So, I ended up with True or False, or “pick among listed alternative answers.” Naturally, these usually called for data-driven questions and answers. All these because of administrative requirements and in compliance with “teaching methodologies.”

Perhaps if we adopted the grading system used at the Asian Institute of Management which provides three alternative “grades” (Pass, Fail, Distinction) teachers can focus on learning methodologies like independent research and class discussions and debates, with class participation encouraged. Group work on projects also enhances judgment and critical thinking and ability to work with peers.

Perhaps during the earlier years, such as in elementary levels, instead of loading our curricula with data and knowledge much of which becomes obsolete anyway, we can focus on developing basic skills such as reading, writing, and ’rithmetic.

The network of normal schools and colleges should develop, test, and propagate radically new learning methodologies to enhance the effectiveness of our schools in developing the skills and competencies of our youth. These will be more effective and sensible investments instead of intelligence funds for “national security.”

 

Teresa S. Abesamis is a former professor at the Asian Institute of Management and fellow of the Development Academy of the Philippines.

tsabesamis0114@yahoo.com

Payoneer’s incubation program targets Philippine BPO SMEs and freelancers

FREEPIK

PAYONEER Global, Inc., an American financial services company, has opened applications for its incubation program in the Philippines, targeting digital freelancers and small- and medium-sized enterprises (SMEs) in the business process outsourcing (BPO) industry.

The Bridge for Billions program aims to support 70 Filipino entrepreneurs with four months of mentorship, sustaining growth in digital industries, including SMEs and the gig economy, the company said on Tuesday.

“The challenge for SMEs is access to support — having a strong business foundation,” said Jenell P. San Antonio, marketing lead for emerging markets at Payoneer APAC, recognizing the rarity of incubation support for SMEs.

“This is open to any startup and freelancer who provides any type of digital service,” she said in an interview with BusinessWorld.

According to Payoneer’s Global Freelancer Insights Report 2023, global demand for freelancers has increased in the fields of programming, marketing, project management, and web design.

The information technology and business process management (IT-BPM) industry has 1.7 million full-time employees, which is up 8.7% from the previous year. It anticipates adding 257,000 full-time workers and generating $5.9 billion in revenues over the next two years.

The program will consist of eight modules on value proposition, competitor mapping, and the formation of a business plan backed by Bridge for Billions best practices.

The Bridge for Billions’ methodology is based on the concept of disciplined entrepreneurship from the Massachusetts Institute of Technology, according to the company. It has been used for 270 incubation programs in 134 countries over the past eight years.

Once the four-month incubation has ended, 15-20 participants will be chosen to join a pitch competition where three winners will receive cash prizes of $1,000, $1,500, and $2,000 to kickstart their businesses, Ms. San Antonio said.

“We’re banking on equipping them with business tools, mentors, and a community network of entrepreneurs,” she added.

Impact assessment to monitor the growth of supported entrepreneurs will be conducted post-program.

Participant and mentor applications for the Bridge for Billions program will end in December. The incubation proper will be from March to June.

Ms. San Antonio also noted the need for collaboration between the IT-BPM sector and the gig economy, where freelancing is being acknowledged as competition to BPO companies in terms of business registration and talent acquisition.

Jack Madrid, president of the IT and Business Process Association of the Philippines, said that potential investors must accept such competition, and Filipinos must understand the pros and cons of working for an unregistered company, BusinessWorld reported in May.

Both industries must work together and understand each other’s pain points to improve necessary regulatory processes, Ms. San Antonio said. — Miguel Hanz L. Antivola

C-3PO’s head, Titanic costumes for sale at Propstore film auction

PROPSTOREAUCTION.COM

RICKMANSWORTH, England — From Star Wars droid C-3PO’s head to Leonardo DiCaprio’s Titanic costume, a trove of costumes and props are headed to auction next month in a sale of film and television memorabilia worth around $14.6 million.

More than 1,800 items are being sold by entertainment memorabilia auctioneer Propstore at its annual live auction, which this year runs from Nov. 9-12.

Leading the sale, which Propstore estimates will fetch more than £12 million ($14.6 million), is the light-up head actor Anthony Daniels wore to play C-3PO in Star Wars: A New Hope, with an estimate of £500,000 to £1 million pounds ($600,000 to $1.2 million).

Mr. Daniels is also selling other Star Wars memorabilia.

“We have his complete archive from his time of working on the Star Wars films so that includes some of the props and body components and parts, his head, his hands, his feet,” Propstore founder and Chief Executive Stephen Lane told Reuters.

“We have his original scripts with the annotations in there as well.”

Costumes for sale include a shirt, waistcoat, and trousers DiCaprio wore in Titanic (£100,000 – £200,000), Honey Ryder’s bathrobe as worn by Ursula Andress in Dr. No (£70,000- £140,000) and Johnny Depp’s stunt costume from Pirates of the Caribbean: On Stranger Tides (£50,000- £100,000).

Props include Harrison Ford’s bull whip from Indiana Jones and the Temple of Doom (£100,000- £200,000 pounds), Nightmare on Elm Street character Freddy Krueger’s hero metal glove armature and hand-drawn schematic (£200,000- £400,000 pounds), and Tom Hanks’ sneakers from Forrest Gump (£15,000- £30,000 pounds).

Other lots include Stanley Kubrick’s hand-annotated shooting script for The Shining (£30,000- £60,000) and a coat worn by Marlon Brando in The Godfather (£25,000- £50,000).

Mr. Lane said the lots came from collectors, curators, archives, film studios and production companies.

“The demand is growing and we’re seeing things travel all over the world… and they’re bought by passionate fans and lovers of the movies, collectors,” he said. “But some of these items also end up in museums and studio archives as well.” — Reuters

Philippines drops in property rights ranking

The Philippines slipped two places to 85th out of 125 countries after scoring 4.396 (out of 10) in the 2023 edition of the International Property Rights Index (IPRI) by think tank Property Rights Alliance. The index presents the state of property rights in countries using three components: legal and political environment, physical property rights, and intellectual property rights. The Philippines scored below the 5.211 global average. It also lagged among its peers in the region. This was the lowest ranking of the country since placing 88th out of 122 countries in 2011.

Philippines drops in property rights ranking

How PSEi member stocks performed — October 3, 2023

Here’s a quick glance at how PSEi stocks fared on Tuesday, October 3, 2023.


Peso drops further on strong US data

BW FILE PHOTO

THE PESO dropped further against the dollar on Tuesday amid upbeat US manufacturing data and hawkish signals from US central bank officials.

The local currency closed at P56.78 versus the dollar on Tuesday, weakening by a half centavo from Monday’s P56.775 finish, data from the Bankers Association of the Philippines’ website showed.

The local unit opened Tuesday’s session weaker at P56.825 per dollar. Its intraday best was at P56.78, while its worst showing was at P56.93 against the greenback.

Dollars traded went down to $932.2 million on Tuesday from the $1.15 billion on Monday.

“The peso weakened slightly as the upbeat US manufacturing PMI (purchasing managers’ index) report for September dampened views of a near-term recession,” a trader said in an e-mail.

US manufacturing took a step further towards recovery in September as production picked up and employment rebounded, according to a survey on Monday that also showed prices paid for inputs by factories falling considerably, Reuters reported.

The Institute for Supply Management said that its manufacturing PMI increased to 49 last month, the highest reading since November 2022, from 47.6 in August.

The peso weakened against the dollar on Tuesday due to hawkish signals from US Federal Reserve officials, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

Fed officials said monetary policy will need to stay restrictive for “some time” to bring inflation back down to the central bank’s 2% target, Reuters reported.

Expectations of faster inflation in September also dragged down the peso, Mr. Ricafort added.

A BusinessWorld poll of 17 analysts yielded a median estimate of 5.4% for September inflation, near the low end of the Bangko Sentral ng Pilipinas’ 5.3-6.1% forecast for the month.

The Philippine Statistics Authority will release September inflation data on Thursday.

For Wednesday, the trader said the peso could strengthen ahead of likely weaker US private employment data.

The trader and Mr. Ricafort see the peso moving between P56.70 and P56.90 per dollar on Wednesday. — AMCS with Reuters

Philippine shares rebound on last-minute buying

PHILIPPINE SHARES rose anew on Tuesday on last-minute buying before the recomposition of the main index and the release of September inflation data.

The Philippine Stock Exchange index (PSEi) went up by 1.46 points or 0.02% to end at 6,305.99 on Tuesday, while the broader all shares index rose by 6.50 points or 0.19% to 3,405.62.

“The PSEi inched up on market-on-close buying after trading in the red for the most part of the day’s session. The move was helped by a surge in trades of UBP and NIKL as institutional funds prepared for the changes to the PSE benchmark index that will take effect on Wednesday,” China Bank Capital Corp. Managing Director Juan Paolo E. Colet said in a Viber message.

Effective on Wednesday, Nickel Asia Corp. (NIKL) will become part of the composite index, replacing Union Bank of the Philippines, Inc. (UBP).

“The market being bought up at the close was likely due to bargain hunting, with the index trying to establish a stronger base at around the 6,300 levels before pushing higher,” Globalinks Securities and Stocks, Inc. Head of Sales Trading Toby Allan C. Arce said in a Viber message.

Market sentiment remained weak amid expectations of faster inflation last month, he said.

“There is still an air of uncertainty ahead of the release of September inflation. The results will determine the central bank’s policy decisions come November. Better-than-expected figures are likely to improve investor sentiment,” Mr. Arce added.

September consumer price index (CPI) data will be released on Oct. 5, Thursday.

A BusinessWorld poll of 17 analysts yielded a median estimate of 5.4% for September inflation, near the low end of the 5.3-6.1% forecast of the Bangko Sentral ng Pilipinas (BSP) for the month.

If realized, the September CPI would be faster than the 5.3% print in August but would be lower than the 6.9% in the same month in 2022.

The reading would also mark the 18th straight month of inflation exceeding the BSP’s 2-4% annual target.

The central bank will hold its next policy meeting on Nov. 16. BSP Governor Eli M. Remolona, Jr. has said they are open to an off-cycle rate increase before that review.

Sectoral indices were split on Tuesday. Mining and oil climbed by 343.28 points or 3.19% to 11,088.66; industrials went up by 81.03 points or 0.9% to 9,024.47; and services rose by 7.55 points or 0.5% to 1,517.45.

Meanwhile, holding firms fell by 28.41 points or 0.47% to 5,995.30; financials dropped by 7.71 points or 0.41% to 1,844.67; and property declined by 2.02 points or 0.07% to 2,597.98.

Value turnover went up to P5.94 billion on Tuesday with 858.83 million shares changing hands from the P3.86 billion with 591.37 million shares seen on Monday.

Decliners outnumbered decliners, 103 versus 94, while 50 shares closed unchanged.

Net foreign selling rose to P881.06 million on Tuesday from P402 million seen on Monday. — SJT

Ease of paying taxes bill, PPP changes seen boosting economy

THE Makati Business Club (MBC) said it expects major improvements in the business climate with the passage of the Ease of Paying Taxes bill and the issuance of a new set of the implementing rules and regulations (IRR) for the Public-Private Partnership (PPP) Act.

It also expressed hope for the passage of a measure regulating internet transactions to encourage the creation of new businesses serving the online segment.

The MBC said in a statement on Tuesday that “these reforms will be a boon for taxpayers, entrepreneurs, consumers, and all citizens, all of whom deserve better public services.”

“We are confident they will help create a more attractive investment climate and generate more and better jobs,” it added.

MBC said that the Ease of Paying Taxes bill will help businesses, especially micro-, small- and medium-sized enterprises, contribute their share of taxes.

“We encourage the Bureau of Internal Revenue to follow with the implementation of its e-invoicing and e-receipts system,” the MBC said.

The MBC added that it hopes Congress will consider the business sector’s input with regard to the implementing rules and regulations of the PPP bill.

The MBC said it hopes the changes “make it more attractive for businesses to partner with the government at a time when gross domestic product growth is slowing, foreign direct investment remains weak, and government finances are under increasing pressure.”

“This is especially important for the provisions on unsolicited proposals, which have a valuable, defined role in the PPP space,” it added.

The internet transactions measure is needed to help drive entrepreneurship.

“This will allow technology to serve job-creating entrepreneurs as well consumers seeking convenience and better deals, while giving consumers reasonable protections,” the MBC said.

The MBC said that it is looking forward to other economic reforms once the Congress resumes session on Nov. 6.

“We continue to advocate for remaining economic reforms such as the apprenticeship bill, amendments to the Right of Way Act, and the enactment of an Enabling Law for Natural Gas Industry,” it said. — Justine Irish D. Tabile

Ports serving offshore wind industry eyed for upgrades

WORLDBANK.ORG

THE Department of Energy (DoE) said it is studying upgrades to ports that will service offshore wind projects, with support from the Asian Development Bank (ADB).

“We will be looking initially at nine identified possible ports that can support the development of offshore wind,” Energy Assistant Secretary Mylene C. Capongcol said during a forum organized by the Nordic Chamber of Commerce of the Philippines (NordCham).

Ms. Capongcol said the ports include those in Currimao, Ilocos Norte, Iloilo City, Bacolod City, Batangas City, Mindoro, as well as Port Irene in Sta. Ana, Cagayan.

According to Ms. Capongcol, no ports are currently suitable for the offshore wind industry, which will require new ports to be built or existing ports to be repurposed.

To date, the DoE has awarded 79 offshore wind contracts with a potential capacity of 61.931 gigawatts. All are currently under development.

“We have an increasing number of service contracts” for offshore wind, she said on the sidelines of the forum.

Ms. Capongcol said the screening process for the ports is ongoing, with a series of meetings with the ADB set to determine the ports’ readiness and upgrades needed to meet the standards of the industry.

The specific technical requirements include depth and spaciousness… because that (will determine) the size of the turbine that can be installed,” she said.

The investment needed for port upgrades has not yet been determined, she said.

NordCham President Bo Lundqvist said Nordic countries “are on the forefront across alternative sources of energy” such as wind, hydro, and solar, with the region having the highest electricity consumption per capita in the world.

“The secret source here is of course the conversion of traditional sources such as coal to sustainable options in water, biomass, wind. In particular, onshore and offshore wind farms are seen as a major accelerator towards meeting the carbon neutral targets from 2030,” he said.

“The potential for offshore wind farms is exponential (considering) the geography of 7,107 islands,” he said. — Sheldeen Joy Talavera

Geothermal, hydro, wind projects attract 25 bids

Geothermal - Unified Leyte Power Plants

THE fourth round of the Department of Energy’s (DoE) open and competitive selection process (OCSP4) received 25 bids for geothermal, hydropower, and wind energy projects, the agency said.

In a statement, the DoE said the applications received involve 13 out of 20 pre-determined areas (PDAs).

The PDAs include three geothermal sites with an expected capacity of 160 megawatts (MW), 14 hydropower sites expected to generate 87.96 MW, and three wind sites.

“This is the first OCSP round to offer PDAs for wind projects, resulting from the recently completed resource assessment for wind energy in the Philippines,” the DoE said.

The opening of bids and determination of completeness of bid submission with on-site and virtual attendance of the bidders took place on Sept. 28.

The hydropower projects attracting bids include the proposed Tinoc 4 (5 MW), Alilem (16.2 MW), Main Aklan (15 MW), Basak II (0.5 MW), Sawaga (4.5 MW), Carc-an (16.3 MW), Catuiran (Upper Cascade) (3.3 MW), and Langaran (3.6 MW).

Three submissions were judged “incomplete,” including the applications from Regenerative Sustainable Projects, Inc. for Basak II; Paragon Green Energy Development Corp. for Carac-an; and King Energy Generation, Inc. for Langaran.

In the geothermal segment, Energy Development Corp. offered bids for the Buguias-Tinoc and Mt. Sembrano power projects with potential capacity of 100 MW and 20 MW, respectively.

Meanwhile, the proposed wind project in San Jose City, Nueva Ecija received applications from Mainstream Renewable Power Philippines and PacificWind Renewables Corp.

The Pantabangan Wind Power Project attracted eight companies, including Mainstream Renewable Power Philippines, First Gen Visayas Energy, Inc., GigaWind2, Inc., PacificWind Renewables Corp., and Freya Renewables, Inc.

Bagac Wind Power Project received applications from Mainstream Renewable Power Philippines and PacificWind Renewables.

Other firms that submitted applications for both the Pantabangan and Bagac wind projects were Philippines Onshore, L More 44 Construction OPC, South Luzon Sustainable Energy, which were judged to have filed “incomplete” applications.

According to the DoE, bidders were given an opportunity on Monday to appeal. The OCSP4 Review and Evaluation Committee is reviewing the motions for reconsideration from four bidders.

“Based on the prescribed timelines, the legal, technical, and financial evaluation of all bids is expected to be completed on Oct. 12, while the awarding of RE (renewable energy) contracts is targeted for Nov. 24,” the DoE said.

PDAs that attracted no bids may be declared open for direct application, it said. — Sheldeen Joy Talavera

El Nido water supply PPP receives technical assistance from USAID

PHILSTAR FILE PHOTO

THE Public-Private Partnership (PPP) Center said it and the US Agency for International Development (USAID) are studying the possibility of a PPP water supply project in El Nido, Palawan.

The PPP Center said it is working with the municipality of El Nido on possible technical assistance “should they proceed with the PPP option.”

USAID also presented its own findings from a study as part of its capacity-building and technical assistance program, the PPP Center added.

“El Nido may explore tapping the Project Development Monitoring Fund (PDMF) for project preparation and transaction advisory services, taking off from recommendations from the study,” it added.

The PDMF is a revolving fund managed by the PPP Center to “enhance the investment environment for PPPs and develop a robust pipeline of viable and well-prepared PPP infrastructure projects.” — Luisa Maria Jacinta C. Jocson

Chicken genetics company Aviagen considering setting up PHL operations

AVIAGEN

US POULTRY genetics company Aviagen said it is seeking to expand its footprint in the Philippines, adding that it is considering setting up operations here.

“We have established customers here that distribute our products, but sometimes the availability and the supply is not sufficient,” Aviagen Asia-Pacific Business Manager Rafael Monleon said at a briefing organized by the US Embassy late Monday.

“(So) we are considering expanding our distribution network, with perhaps our own operations here,” he added.

Mr. Monleon said the company wants to raise the availability of its poultry genetics and breeding products in the Philippines.

He said that the Aviagen is currently conducting feasibility studies on expanding its Philippine presence.

“We do not have a timeline; what we are doing is exploring the possibility of entering this market or continue with the status quo with our current distributors and customers,” he added.

“The Philippines has a very vibrant poultry industry, and it is growing very well all these years. There is a demand for quality broiler breeding stock, which is what our company specializes in,” he said.

Aviagen supplies broiler chicks to customers in more than 100 countries, through its Arbor Acres, Indian River, and Ross brands.

The company also offers specialty breeding stock aimed at meeting specific market requirements through its Rowan Range and Specialty Male brands. — Adrian H. Halili

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