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Construction of three ADB-funded Metro Manila bridges to start in first half

PHILSTAR

THE Finance department said on Wednesday that it expects the construction of the three Asian Development Bank (ADB)-funded bridges in Metro Manila to start in the first half of the year.

“The construction of these three infrastructure projects, the Marcos Highway-Saint Mary Avenue Bridge, Homeowner’s Drive-A Bonifacio Bridge, and the Kabayani Street-Matandang Balara Bridge, will start in the first half of this year and due for completion in 2026,” the Department of Finance (DoF) said in a statement.

“The three bridge projects will be financed through a $175.1-million loan from the ADB,” the DoF said.

The bridges’ combined span is more than three kilometers, all across the Marikina River.

The three bridges are also among the 12 to be built under the Metro Manila Bridges Project.

The Department of Public Works and Highways said the Marcos Highway-St. Mary Avenue Bridge will span 1,606.30 meters, the Homeowner’s Drive-A. Bonifacio Bridge 691 meters, and Kabayani Street-Matandang Balara Bridge 726.30 meters.

Finance Secretary Carlos G. Dominguez III and ADB Managing Director-General Woochong Um exchanged copies of the loan documents for the construction of the three bridges on Wednesday.

Mr. Dominguez described the bridge projects as “crucial components of the Build, Build, Build program that will help our economy bounce back from the adverse effects of the pandemic.”

“With their high multiplier effect and job-generating potential, investments in infrastructure will be the engine for our rapid economic recovery,” he added.

He said the bridges will have the ability to “absorb strong earthquake shocks and reduce flood risks in the area, making them climate- and disaster-resilient.”

According to the Finance department, among the big-ticket projects that the ADB has supported through its financing assistance totaling $2.3 billion are the Malolos-Clark Railway project, the Improving Growth Corridors in Mindanao Road Sector project, the EDSA Greenways project, and the Angat Water Transmission Improvement project. — Arjay L. Balinbin

Adamson University, BoI sign R&D capacity development deal

ADAMSON UNIVERSITY FB PAGE

THE Board of Investments (BoI) said it has signed an agreement with Adamson University that will encourage students and academics to explore and tap technology transfer opportunities from industry.

In a statement on Wednesday, the BoI said the memorandum of understanding (MoU) was signed with Adamson University on March 29. The agreement defined the areas of cooperation as technology pitching, reverse technology pitching, research and development consultation, and capacity-building activities for both the academic staff and students.

“(The MoU) will help faculty and students understand the different industries — their needs and challenges — and possibly adapt to the future skills requirements as well as close the gaps in the industry value chains to achieve our shared objectives of industry development for quality employment of our graduates,” BoI Managing Head Ceferino S. Rodolfo said.

“This is a step forward in utilizing expertise and gaining access to skilled faculty researchers and students providing solutions to industry problems,” he added.

According to the BoI, the MoU is an offshoot of its Academe-Industry matching activity conducted in October 2021, undertaken with two foreign companies and 17 academic institutions. The matching activity explored opportunities for on-the-job training, recruitment, and industry collaboration, and discussions of workplace skill requirements.

“The activity was followed by the joint organization of Adamson’s Talk-N-Tech event in November 2021, which aimed to connect local industries with the university’s research and development initiatives,” the BoI said. — Revin Mikhael D. Ochave

BoI registers Medtecs EV, textile, PPE project

THE Board of Investments (BoI) said Medtecs International Corp. Ltd. is planning to develop an industrial estate focused on producing e-mobility products and electric vehicles (EVs), personal protective equipment (PPE), and textiles that use tropical fibers such as abaca, bamboo, and banana.

At a meeting with the BoI on March 23, Medtecs Chairman Clement Yang said the planned industrial estate is expected to generate $1.9 billion worth of foreign direct investment and 125,000 jobs over seven years.

Mr. Yang said the project hopes to address a gap in the supply chain for textiles, including yarn, spinning, weaving, and products made from recycled polyester.

“The planned business activities of Medtecs are all listed in the Strategic Investment Priority Plan and are eligible for incentives under Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, including the processing of green metals such as nickel for EV batteries,” Mr. Rodolfo said.

Medtecs has started producing melt-blown non-woven fabric, which is the filter medium used in medical-grade face masks. Its facility has a capacity of 25 million face masks per month. The total project cost was $600,000 and employs 15 staff.

“The project is registered with the Authority of the Freeport Area of Bataan and is located at the Medtecs Compound in Mariveles City, Bataan,” the BoI said. — Revin Mikhael D. Ochave

Amended Public Service Act: Dismantling economic protectionism

Economic protectionism was the main intention of the members of the 1986 Constitutional Commission when they adopted the foreign equity limitations incorporated in Article XII of the 1987 Constitution. Despite the constitutional impediments, such as the Filipinization of public utilities, our need for foreign investment and technology to improve the economy is undeniable. Ever since, foreign investment has played an important role in our infrastructure, more recently via modes of investment like Public-Private-Partnerships.

The late Father Joaquin G. Bernas, S.J., one of the members of the 1986 Constitutional Commission, said that the purpose of the Filipinization of “public utilities” under the constitution is to prevent foreigners from assuming control of the sector, which may be inimical to the national interest. Filipinization is pursuant to an overriding economic goal of the 1987 Constitution: to “conserve and develop our patrimony” and ensure “a self-reliant and independent national economy effectively controlled by Filipinos.”

However, what is covered under the term “public utilities” has been the subject of several court decisions. The Supreme Court has consistently held that being a public utility is a matter of judicial, not legislative, determination. The existence of a legislative declaration such as the definition by enumeration in the 86-year-old Public Service Act (PSA) does not ipso facto render a business or service a public utility. Instead, the courts look at the nature of the business or service rendered. These Supreme Court decisions might have validated the reluctance of foreigners to invest in industries that are vital to our economic progress.

“Even after their enactment, laws may be changed by future amendments like the decisions of the Supreme Court, which form part of our laws. Policy revisions may be adopted to address unforeseen conditions or refine legal provisions over time.

To stimulate investment, the government recently passed Republic Act (RA) No. 11659, which was approved by the President on March 21. The law amends the 86-year-old PSA. The amendments now limit the coverage of public utilities to key sectors that will remain subject to the 40% foreign equity cap. These key sectors are considered natural monopolies where a single firm can effectively serve the market at lower cost than two or more firms. This includes the distribution and transmission of electricity, petroleum and petroleum product transmission, water distribution and wastewater systems, seaports, and public utility vehicles.

Key industries such as telecommunications, expressways, airports, and shipping have been removed from the category of public utility. Under the new law, these industries may now be 100% foreign-owned.

While the newly amended law may attract critically-needed investment, some may consider the law’s liberality as running contrary to the constitutional dictate to conserve the national patrimony and ensure a Filipino-controlled national economy. To address these concerns, the law lays down five key safeguards:

1. The President has the power to suspend or prohibit any investment in public services in the interest of national security upon the review, evaluation, and recommendation of the relevant government agencies;

2. Restrictions are imposed on foreign state-owned enterprises (SOEs) owning capital in a public service classified as public utility or critical infrastructure;

3. Information security clauses ensure that entities engaged in the telecommunications business meet relevant ISO standards;

4. The reciprocity clause prevents foreign nationals from owning more than 50% of capital in the operation and management of critical infrastructure unless the foreign nationals’ home countries accord reciprocity to Philippine nationals; and

5. The performance audit provision mandates an independent evaluation to monitor the cost, the quality of services provided to the public, and the ability of the public service provider to immediately and adequately respond to emergency cases.

Why talk about investment when businesses are barely surviving the COVID-19 pandemic?

Sure, the past two years have been challenging. COVID-19 took a heavy toll on our livelihoods: some lost their source of income without any opportunities to look for new ones. As we struggle to adapt to the post-pandemic world, we need more investment to boost our economy. We should not only combat the public health issues due to the pandemic but also take necessary steps to revive our economy. We can do this by attracting more foreign investment. Together with the recently amended Retail Trade Liberalization Act and the Foreign Investments Act, the new PSA is timely and relevant to our most challenging times.

The nationalistic views of the framers of the 1987 Constitution, as reflected in the economic protectionism provisions in Article XII, are not discounted by allowing the entry of foreign investors. The responsibility of boosting economic growth should not be limited to Filipinos in the spirit of nationalism. If protectionism is maintained, it will only create a barrier to achieving the goal of a prosperous society. As the Supreme Court put it: “Nationalism is not a mindless ideal. It should not unreasonably exclude people of a different citizenship from participating in our economy. If it were so, nationalism will not foster social justice; rather, it will sponsor a kind of racism quite like what our ancestors had suffered from in our colonial past.” (G.R. No. 205835, June 23, 2020)

Indeed, opening the doors of nationalized industries to foreign investors does not represent the unhampered entry of foreign entities. Domestic market players should not cower in fear of competition. Instead, competition dismantles market inefficiencies like high consumer prices, low-quality products, lack of incentives for innovation, and limited consumer choice. With the PSA safeguard provisions in place, the economy can remain independent and self-reliant while generating employment opportunities, promoting competition, encouraging the inflow of capital, and boosting economic performance.

The views or opinions expressed in this article are solely those of the author and do not necessarily represent those of Isla Lipana & Co. The content is for general information purposes only, and should not be used as a substitute for specific advice.

 

Robert Jhon C. Salazar is a senior associate at the Tax Services Department of Isla Lipana & Co., the Philippine member firm of PricewaterhouseCoopers global network.

robert.jhon.c.salazar@pwc.com

Four not five

PHILIPPINE STAR/MICHAEL VARCAS

The judiciary started on Monday its four-day workweek schedule for thousands of court employees in Metro Manila. The new work arrangement, which was prompted by rising fuel and energy prices, covers the Supreme Court (SC), Court of Appeals, Sandiganbayan, and Court of Tax Appeals. The National Economic and Development Authority (NEDA) earlier proposed the shorter workweek for energy conservation.

One group of court employees is scheduled to report onsite 7 a.m.-5:30 p.m. Monday-Thursday, while another second group is to work at the same time slot, but Tuesday-Friday. This way, judicial service will not be compromised. While the workweek is only four days, court operations still remain at five days weekly.

Chief Justice Alexander G. Gesmundo was quoted in a news report that the shorter workweek took into consideration “the adverse effect created by the series of oil price increases….” He also said the SC Employees Association, in a letter dated March 21, actually requested the new work schedule. Judicial workers not covered by the new arrangement will continue to report for work onsite Monday-Friday, 8 a.m. to 4:30 p.m.

The thing is, despite the shorter workweek, people are still made to work the same number of hours they log during a regular workweek. Convention, regulation, and law put those hours at 40-44 weekly: eight hours daily for five days, or 10 hours daily for four days. Many also put in a half-day’s work on Saturdays. And this is where the problem lies, I believe.

In a column late last year, I recall citing a report on Iceland and how their government offices actually benefitted from a shorter workweek; how productivity rose enough to ensure that all services were still provided as needed; and, as a consequence of the study, why 86% of Icelanders would eventually have the right to a shorter workweek of four days.

It was online publication Big Think that reported on a new study in Iceland which documented “the recent success of one of the largest experiments to date on a reduced workweek.” Carried out by the Icelandic government and published by Autonomy, a UK think tank, the report suggests that a substantial portion of the economy could switch over to a short workweek with little in the way of negative effects, Big Think said.

Big Think reported that two experiments were done. The first, from 2014 to 2019, was by Reykjavík’s city government, and involved more than 2,500 workers at playschools, city maintenance facilities, care-homes for people with various disabilities and special-needs, and beyond. The second, by the Icelandic national government from 2017 to 2021, involved 17 workplaces across the country.

But the big difference between their experiment and the Philippine experience is that “workers in the experimental locations [in Iceland] saw their hours reduced from 40 to 36 or 35 hours per week with no loss in pay. The exact way these hours were organized was determined by the individual workplace involved. Many opted to split the hours among four days, while others worked a five-day week with one workday being shorter,” Big Think reported.

The overall goal, in fact, is not just to cut the number of work days in the week, but also the hours. To give workers more time outside the office or workplace, and spend this time either with family or leisure. Work-life balance and workers’ health were the main considerations, and how promoting these actually lead to higher productivity.

“Both studies produced similar results. The reduction in hours caused either no change or an increase in productivity and improvements in the reported work-life balance of employees. While many employees were concerned that more work would be crammed into less time, the data show that the workers were actually working less,” Big Think reported.

It also noted that “improvements in efficiency were found in every workplace. Employees worked faster. Time-wasting events, like unnecessary meetings, were curtailed. Routines were changed to be more efficient, and shifts and schedules were restructured. Overtime was needed in some offices, but only sparingly. Importantly, services were provided at the same levels as they were before the reduction in work hours. The well-being of workers dramatically improved, with many reporting increased time with their families, lower stress levels, and a better ability to balance their work and home lives.”

And, as a result of the two trials, Big Think noted that 86% of Icelandic workers were now on contracts that either reduce their workweek or grant them the right to reduce their workweek in the future. In general, it is safe to assume that the shorter workweek forces everyone to be more efficient and more conscious of time.

Fewer days but more work is the main argument locally against a shorter workweek. No work-no pay arrangements also lead to lower income for many day workers. And this is where the local system must change. Fewer days, fewer hours, but better pay can work, if remuneration is based on output, productivity, and efficiency, and not just on the number of days or hours worked.

This, of course, is easier said than done. But Iceland is already showing the way. There are plenty of lessons from its twin experiments. However, there will be growing pains, like with any system change. There will be plenty of unexpected consequences from shortening the workweek, and as people adjust to it, even more changes will occur inside and outside the workplace.

But now is the time to push for a shorter workweek, as well as the wider use of work-from-home arrangements. Already, 30 companies in the United Kingdom are taking part in a six-month trial to test a four-day workweek: fewer work days with no decrease in pay. The trial also involves researchers at Cambridge University, Oxford University, Boston College, and the think tank Autonomy.

But, other than the Iceland experiment as well as the UK trial, labor history has lessons to share as well. As noted by the Financial Times’ Sarah O’Connor in a report on March 25, “in Britain in the 1840s, a campaign to reduce the length of the working day in factories from 12 hours to 10 prompted predictions of disaster. One parliamentarian called the idea ‘dangerous’… But in 1846, parliament heard the results of an experiment run by an owner of large mills in Manchester and Preston. When he reduced the working day to 11 hours, he found production volumes remained the same and the quality of work improved.”

She also wrote, “Similarly, when Henry Ford reduced the working week in his car factories from six days to five with no cut in pay in 1926, the decision followed several years of experiments, which had assured him production would not suffer. ‘We can get at least as great production in five days as we can in six, and we shall probably get a greater, for the pressure will bring better methods,’ he said.”

That was in 1926, almost a century ago. Henry Ford, among others, already proved that shortening the workweek would not result in catastrophe. But employers need to keep an open mind, and the willingness to discover what Ford referred to as “better methods” of production.

 

Marvin Tort is a former managing editor of BusinessWorld, and a former chairman of the Philippine Press Council

matort@yahoo.com

Saidy Pangarungan’s task: Transparent elections

COMELEC COMMISSIONER Marlon Cascuejo, Comelec Chair Saidamen Pangarungan, and Comelec Commissioner George Erwin M. Garcia during the Comelec walk through at National Printing Office on March 15. — PHILIPPINE STAR/ MICHAEL VARCAS

There’s a newly designated Chairman of the Commission on Elections (COMELEC), Saidamen Balt Pangarungan, also known as “Saidy” or “Gob” for Governor. Pangarungan once served as Governor of Lanao del Sur. President Corazon Aquino appointed him Officer-in-Charge (OIC) Governor in 1986, right after the EDSA People Power uprising. He would later serve as the elected Chief Executive of Lanao del Sur from 1988 to 1992.

Pangarungan was a street parliamentarian battling the Marcos authoritarian regime after the execution of former Senator Ninoy Aquino at the then Manila International Airport. Pangarungan and other oppositionists from Muslim Mindanao, particularly from Lanao del Norte and Lanao del Sur, Basilan, Zamboanga del Sur and Zamboanga del Norte, North and South Cotabato, Tawi-Tawi and Sulu, joined us in protest rallies and demonstrations in different parts of Metro Manila in the early 1980s.

Huge delegations from these provinces would join rallies held Wednesday and Friday afternoons at Ayala Avenue and the Ugarte Field in Makati. They were also present at Mendiola, Welcome Rotonda in Quezon City, Liwasang Bonifacio, the Batasan Complex, the Comelec Main Office, Plaza Miranda, at the Prayer Rally on Feb. 20, 1986 at Luneta Park where more than a million gathered to protest the cheating by the Comelec for Marcos and the proclamation of Marcos and Arturo Tolentino as winners of the presidential snap election by the Legislative Assembly, and, finally, from Feb. 22 to 25 at EDSA.

As governor of Lanao del Sur, Saidy Pangarungan, challenged the leadership of Ali Dimaporo and other politically powerful clans in Lanao. Dimaporo, a staunch ally of Marcos, maintained his grip on Lanao del Sur through a combination of patronage politics, hardball politics, and support from the national government.

Dimaporo received huge chunks of revenue allotments from Marcos to support infrastructure development at the grassroots. Lanao del Sur was known for thousands of barangays which received financial support for roads, bridges, irrigation systems and other infrastructure. Most of these funds were used to buy cement, steel bars, and other materials for infrastructure construction.

During the snap elections, the opposition continued to closely monitor funds downloaded to these barangays. It was discovered that most of these barangays were non-existent. A rudimentary geodetic survey (there was no Google Maps at that time) showed that some barangays were located in the middle of lakes. Others were discovered to be in isolated inhabitable areas for which infrastructure projects could not be reasonably justified. The surveys concluded that if all that money that went to Lanao del Sur for roads and bridges were actually used for such infrastructure, thousands of roads would be crisscrossing the province like spaghetti served on a plate. The joke was that if all those hundreds of thousands of bags of cement were indeed used for all those so-called projects, the province would be in great danger of sinking under the weight of thousands of kilos of cement and steel bars.

The abolition of 2,000 “ghost” barangays” was one of the tasks given to Pangarungan, aside from challenging the formidable and well-entrenched Dimaporo political dynasty, when he was appointed Undersecretary of the then Department of Local Government and Community Development (DLGCD). Later on, the DLGCD was renamed the Department of the Interior and Local Government (DILG).

Appointed by President Corazon Aquino to the DILG post, Pangarungan chaired the inter-agency committee tasked to investigate the notorious and well-known ghost barangays in the Muslim provinces. The creation of these barangays, which later received allotments for ghost projects, had become the modus operandi of politicians with the knowledge and consent of Marcos and his enablers. Malacañang in fact instigated the creation of these ghost projects in return for the loyalty of local warlords.

The thorough investigation resulted in President Aquino signing an Executive Order abolishing the ghost barangays in the two Lanao provinces on the recommendation of the inter-agency committee headed by Pangarungan. President Aquino remarked upon signing the order that the government saved billions in abolishing these ghost barangays. The hard truth was that the government experienced some kind of a double whammy: taxpayers paid for nonexistent projects which did not have a chance to earn even a single percent return on investment.

Pangarungan later was credited with authorship of another executive order granting regular salaries and allowances to village officials in the country.

Aside from being former governor of Lanao del Sur, Saidamen Pangarungan is also Sultan of the province. Pangarungan’s wife, Princess Johayra Diamond, also comes from a fairly big family with royal ancestry. She belongs to the Ali-Pacasum family which also has political clout in the area.

Pangarugan, a lawyer, finished his Liberal Arts and Law degrees at San Beda College (now University) in 1978 as a consistent college scholar. After passing the bar, he joined the prestigious Siguion-Reyna, Monecillo and Ongsiako law offices. Endowed with a good mix of involvement in private and government business practice, Pangarungan was legal counsel of multinational firms such as the Bank of America, Goodyear, Caltex, and San Miguel Corporation, among other firms.

One can say that Pangarungan walked into some problems at the Comelec as he inherits issues unresolved by his predecessor and others created or unacted upon by the present board of commissioners appointed way before he came into the picture.

Pangarungan emphasizes that in appointing him, President Duterte’s principal concern was “to leave a legacy of clean and honest elections.” And “that is what you can expect from me,” Pangarungan promises.

Pangarungan’s work is cut out for him. He and his commissioners will have to resolve the Marcos Jr. disqualification case, the long resolution of which has resulted in justifiable flak from recently retired Comelec commissioner Rowena Guanzon. The feisty Guanzon has squared off with commissioner Aimee Ferolino on the case, which has naturally attracted the attention of a skeptical public.

The most recent controversy that is haunting the poll body is the printing of ballots and the configuration of Secure Data (SD) cards without citizens’ observers monitoring these critical parts of the election process.

The challenge before Pangarungan and his commissioners is to gain the trust and confidence of a public that remains skeptical of Comelec’s commitment to clean and honest elections due in large part to past experience. Some say the skepticism is unfortunate because the “last four or five elections have been “generally and fundamentally clean.”

Trust in the results of the forthcoming elections is essential if we want to continue developing a national consensus for political and economic stability. We have a situation of extreme partisanship, and a clean, honest, and transparent election is necessary to lower the temperature and move on to make democracy work.

At the end of the day, however, trust is to be earned.

 

Philip Ella Juico’s areas of interest include the protection and promotion of democracy, free markets, sustainable development, social responsibility and sports as a tool for social development. He obtained his doctorate in business at De La Salle University. Dr. Juico served as secretary of Agrarian Reform during the Corazon C. Aquino administration.

Physical signals

RAWPIXWL-FREEPIK

NOW that face-to-face meetings are back, we need to revisit our dictionary of body language. These tell-tale physical signals may have been quietly forgotten after two years of virtual meetings that have their own protocol. (Raise the virtual hand for questions.)

It’s back to the round table and watching out for body movements from raised eyebrows to distended nostrils, and, yes, foot-tapping — known as under-the-table communications.

In his book Focus, published in 2013, Daniel Goleman (of Emotional Intelligence) wrote on the importance of “social sensitivity” which entails reading others, and understanding what they are communicating without words. A rather long interrogation on an irrelevant issue, like Argentinian bonds, can elicit a suppressed yawn from the Chair or an impatient turning of the wrist to check the time. Cluelessness to these signals can be disastrous.

Body language is part of our culture and reading it well is a necessary skill for the corporate gamesman.

Facial expressions can be unspoken warnings. A distracted look indicates more pressing matters than the approval of a vacation leave. (So, you’re off to Sydney?) The “worried look” is hard to conceal. There may be no mention of unmet targets deserving attention that is being diverted to a visit to the Sydney Opera House. (This is not the time to take a break.)

The “avoidance game” is trackable. When X moves to the right, does Y discreetly move to the left? Here, crowds are used as screens the same way a three-point shooter uses blockers to get an open look. And an overt plea to the “avoider” (Is something wrong?) only makes things worse — I’m just going to the buffet table.

Cancelled meetings are also hints of a fall from grace. When regularly scheduled meetings are scrapped, it only means unscheduled ones have taken their place, often involving a smaller group.

Subsets of the cancelled meetings for the higher-ups involve sessions outside the office, or the country. (You didn’t get a business class ticket for Wednesday?) The unwritten rule on unscheduled meetings states: The more inconvenient the time and place for a meeting called by a superior, the higher the probability of bad news for the person not summoned.

Not receiving an invitation for corporate events, especially those that do not require attendance checks, indicate removal from a list. While these proceedings are not formally classified as meetings, they too have an invitation list which indicates who’s up or down. They may be terrace cocktails or even out-of-town sorties by the beach though swimming is not required.

Not being invited to a video tribute session can only mean that you are the subject of the farewell messages — he was an avuncular presence whom we tried to ignore.

Julius Caesar, the clueless victim of a palace coup, had all the warnings from people whispering in small groups and even a soothsayer impeding his progress to the forum with a clear warning to beware the ides of March. The protestation of Caesar that the ides of March have come is met by the soothsayer with a cheeky — “Aye, but not yet gone.” You know what happened next… or maybe you don’t.

Still, there is the danger of reading too much between the lines so that even the most innocent gestures are given ominous meanings. What did he mean by “have a nice day” with a raised eyebrow, just the left? Was there a touch of irony in his voice when he greeted me in the elevator?

Words, after all, have their literal meanings and thinking too much of their perhaps unintended connotation leads to paranoia. Overreaction can be unproductive. What can be worse than being dismissed as “too insecure”? (Doesn’t he have enough to do than read eyebrow movements?)

Body language, just like any form of communication, is not always accurate. The boss may just be playing the same divide-and-conquer games with gazes at the ceiling when someone is making a presentation on corporate transformation. Maybe he’s just checking for flies in the ceiling.

Even in politics, physical signals are becoming significant. Crowds in a rally are indications of support and even passion, especially when presented from an aerial view showing a sea of pink.

For sure, a crowd of almost yawning and seated followers being warmed up by an equally lukewarm cheerleader can only invite apathy. Cancelled meetings and an absence from public discussion are no help… except for those who need to relax for quite a long time.

 

Tony Samson is chairman and CEO of TOUCH xda

ar.samson@yahoo.com

Sustainability is a driving factor of post-pandemic tourism 

LAURENTIU MORARIU-UNSPLASH

Philippine tourism is bouncing back faster than expected, with sustainability and safety among the factors that will drive the sector post-pandemic. 

“We at [the Hotel and Restaurant Association of the Philippines] are very, very excited, because everything is changing now,” said Bobby Horrigan, vice-president of the association’s hotel division, at a March 30 BusinessWorld Insights webinar. (View the webinar herehttps://www.facebook.com/BWorldPH/videos/563102361494361.) 

He noted that for the upcoming Holy Week a lot of the resorts in Tagaytay, Batangas, Cebu, and Davao are already close to full. The MICE (meetings, incentives, conferences, and exhibitions) business is also slowly coming back, added Mr. Horrigan.  

“We see a lot of government meetings in Cebu, Davao, Mindanao… It helps when there’s an election. It’s good for the economy,” he said.  

Domestic tourism was also emphasized by the Department of Tourism (DoT) representatives as a backbone of the industry. Because data has shown that travelers now prefer destinations that are low-density and closer to home, the department has enacted products related to such preferences. Examples include the heritage sugar trails in Negros Occidental, as well as farm tourism activities in various provinces like Cavite and Benguet.  

“Farm tourism, given its open-space nature, is a viable product to promote in the new normal,” said Warner M. Andrada, OIC-director of the Office of Tourism Development Planning, Research, and Information Management.  

Creative tourism – where travelers learn and participate in art activities, blended events, and working vacations or “workations” – is another trend that shapes the industry, according to Ramon Benedicto A. Alampay, associate professor of the Asian Institute of Tourism at University of the Philippines-Diliman.  

Domestic tourism will help hotels and resorts achieve their pre-pandemic levels by 2023, he said.  

“As we move towards better tourism through sustainable and responsible travel… let’s avoid the trap of revenge business – or the need to maximize our visitors as soon as we can,” said Mr. Alampay. “COVID-19 is a fact of life. Let’s continue the good habits we developed through the pandemic as we reopen.”  

Mr. Horrigan said that portents of such good habits are now evident in Boracay, with the use of e-tricycles, LED (light emitting diode) sources, and reusable water bottles being embraced by the community.  

Meanwhile, to help entice travelers back and rebuild confidence, establishments such as Hotel Sogo have put in place digital conveniences such as contactless services through QR codes, plus an upcoming mobile app for self-booking. It has also invested in a complement of disinfecting solutions to minimize virus transmission.  

From COVID-19 sniffing dogs to anti-microbial coatings on furnishings, marketing manager Maria Suzette G. Geminiano detailed the 11 innovations that mark the hotel chain as “so clean, so good, and so safe.”  

“Disinfection technologies are indispensable for hotels [moving forward],” she told the audience of the March 30 webinar. “We are willing to share what we know to our fellow players in the industry.”  

In the long run, investing in sustainability “will help tourism businesses grow in innovative ways,” Mr. Andrada said. — Patricia B. Mirasol

FBI says Russian hackers scanning US energy systems and pose ‘current’ threat

PIXABAY

WASHINGTON  — Russian hackers have been scanning the systems of energy companies and other critical infrastructure in the United States, and state-sponsored hacking by Russia presents a “current” threat to American national security, a top FBI official told lawmakers on Tuesday.

“The threat from Russia in a criminal sense, in the nation state sense, is very, very real — and current,” said Bryan Vorndran, an assistant director in the FBI’s cyber division, during a hearing before a US House of Representatives panel.

In the weeks since Russia’s unprovoked attack against Ukraine, the White House and the Justice Department have been warning US companies about intelligence suggesting that Russia has been taking early steps toward possibly launching cyberattacks.

Mr. Vorndran told lawmakers that “instances of Russian scanning” networks in the US energy sector have increased recently, and he said such activity represents a “reconnaissance phase” by Russia to try and understand a company’s defenses and whether it has vulnerabilities that could be exploited.

“It’s an extremely important part of the overall attacks,” he noted, adding later in his testimony that Russia represents “one of the two most capable cyber adversaries we face globally,” and is “a formidable foe.”

Last year, well before Russia’s attack on Ukraine, US President Joseph R. Biden openly warned Russian President Vladimir Putin that certain critical infrastructure should be “off-limits” to cyberattacks.

That warning applied to 16 different kinds of infrastructure — an apparent reference to the 16 sectors designated as critical by the US Homeland Security Department, including telecommunications, healthcare, food and energy.

Since that time Mr. Vorndran told lawmakers he was aware of software companies, among others who have been targeted with attacks.

“There are compromises against some of those 16 critical infrastructure sectors,” he said. “I can’t speak specifically to which ones.” — Reuters

US authorizes second COVID booster for Americans 50 and older

REUTERS

US health officials on Tuesday authorized a second coronavirus disease 2019 (COVID-19) booster dose of the two most commonly used COVID-19 vaccines for people age 50 and older, citing data showing waning immunity and the risks posed by Omicron variants of the virus.

The US Food and Drug Administration (FDA) agency said the new boosters — a fourth round of shots for most vaccine recipients — of the Pfizer, Inc./BioNTech SE and Moderna, Inc. vaccines are to be administered at least four months after the previous dose. They are intended to offer more protection against severe disease and hospitalization.

The FDA also authorized a second booster dose of the vaccines for younger people with compromised immune systems — those aged 12 and older for the Pfizer/BioNTech shot and 18 and older for Moderna’s.

The US Centers for Disease Control and Prevention (CDC) backed the FDA’s authorization, recommending the additional shot, particularly for older people and those with underlying medical conditions that put them at higher risk.

The decision to offer second boosters in the United States comes as some scientists have raised concern about the highly contagious and newly predominant BA.2 Omicron subvariant, which has driven up COVID-19 cases in other countries.

“If it were my relatives, I would be sending them out to do this,” top FDA official Dr. Peter Marks said during a news conference of getting booster shots. “COVID-19 has had a really disproportional adverse effect on people 65 years of age and older and those with comorbidities.”

COVID cases in the United States have dropped sharply since a record surge in January, but have seen a small uptick over the past week, according to CDC data.

BROADER BOOSTER CAMPAIGN
Marks said the FDA will soon weigh the benefits of authorizing another round of boosters – perhaps specifically targeted to combat new variants of concern – to a broader population after the summer.

“There may be a need for people to get an additional booster in the fall along with a more general booster campaign, if that takes place, because we may need to shift over to a different variant coverage,” he said.

The FDA said it looked at data from a relatively small, ongoing clinical trial in Israel to help make its decision. In addition, safety data from more than 700,000 people who received second boosters in Israel revealed no new concerns, the agency said.

Scientists and officials have debated for months if and when an additional booster shot would be needed as they parsed data on how long protection from the vaccines and boosters would last.

“It’s not clear that now is the right time for people to get a fourth dose,” Dr. William Moss, executive director of the International Vaccine Access Center at the Johns Hopkins Bloomberg School of Public Health said.

If there is a surge in cases in late fall or early winter, as is typical for respiratory viruses and influenza, an additional boost may then be needed, he said. The body’s neutralizing antibodies spurred on by a fourth booster given now may decline in just a few months, he said.

It is also unclear whether young, healthy people will need a fourth shot. The study of Israeli healthcare workers cited by the FDA suggested that the fourth dose added little additional protection in the age group.

Biden administration officials have said that the US government currently has enough doses of the vaccines to meet the demand for another round of booster shots in older Americans, even as funding for the US pandemic response has all but run out.

They say that unless Congress approves more spending, the government will not be likely to be able to be pay for future inoculations, if they are needed, particularly if the vaccines need to be redesigned to target new variants.

Around two-thirds of fully vaccinated Americans over the age of 65 and just over half of people between the age of 50 and 64 have gotten their first booster dose so far. — Reuters

Hong Kong leader says city’s brain drain ‘unarguable’

REUTERS

HONG KONG — Hong Kong leader Carrie Lam said it was “unarguable” that the global financial hub was seeing a brain drain due to stringent coronavirus rules, but said she valued the city’s international status and envisioned a “better development” after the pandemic.

Ms. Lam’s comments come amid a backlash from businesses and residents who see the rest of the world shifting to living with the virus while Hong Kong officially sticks to a “dynamic zero” COVID-19 strategy which seeks to curb all outbreaks as soon as they occur.

Ms. Lam said no one valued the international status of Hong Kong more than herself, but the government had to adopt anti-pandemic measures to protect residents.

“These measures have certain influence on corporates and individuals, although we don’t have a figure…it’s an unarguable fact that we have a brain drain and some senior management of some corporates have left Hong Kong,” she told a daily news briefing on Wednesday.

“The most important thing is Hong Kong keeps its advantages. I believe after the pandemic, Hong Kong can have a better development.”

Ms. Lam said “streamlining” certain measures, including lifting a ban on flights from nine countries and reducing quarantine for arrivals from abroad, would help ease concerns about the city’s international status.

At the start of this year, Hong Kong implemented its most draconian measures since the pandemic began over two years ago, frustrating many residents who have been largely compliant with various COVID regulations in the hope of resuming travel internationally and with the mainland.

Hong Kong’s border has effectively been shut since 2020 with few flights able to land and hardly any passengers allowed to transit, isolating a city that had built a reputation as a global financial and travel hub.

Ms. Lam’s comments come just weeks before the city is due to hold an election on May 8 to choose who will lead the territory for the next five years.

She declined to comment on whether she will run for a new term.

The rules, together with mixed messaging from the government including whether a citywide lockdown and mass testing would take place, have triggered an exodus of residents in the past two months.

The former British colony has reported more than 1.1 million coronavirus infections and more than 7,500 deaths, most of them occurring in the past five weeks. — Reuters

Successful Filipinas give tips for handling money

Determination, discipline, and direction are necessary to manage one’s personal and financial affairs, both in failure and in success, according to Manulife Philippines brand ambassador and Olympic gold-winning weightlifter Hidilyn F. Diaz and actress and entrepreneur Bea Alonzo.  

The two Filipinas were the main guests of financial services group Manulife’s March 24 webinar celebrating International Women’s Month. They shared tips on how to build a successful mindset, properly handle finances, and care for one’s mental health.  

“Before I even won my gold medal, I was already gold-driven, determined, and disciplined,” explained Ms. Diaz, who powered through three separate Olympics before she finally clinched the gold in 2021.   

This kind of mindset also helped her with her financial goals, she added. A failure that she had to overcome was her poor handling of the money that came with the 2016 silver medal win — when the winnings came, she was overwhelmed and spent too much.  

Ms. Diaz vowed not to do the same with her money from the 2021 gold medal win.  

Nandoon na yung pagiging kuripot at kailangan mag-allot (There’s now a sense of being stingy and a need to allot) for investments and for family,” she said. “I now have a financial advisor.”  

For award-winning actress Ms. Alonzo, setting personal targets gave her something to look forward to and work towards, whether it was in terms of career or finances.  

“I’m very much like Hidilyn. I’m goal oriented. Kapag meron akong gusto (If I want something), I make sure I plan ahead and I make sure I achieve that goal. It’s important to have the drive and motivation,” she explained.  

Making wise investments, living within one’s means, and planning where to put money were her guiding principles as she earned more and more throughout her life.  

However, what both successful Filipino women agreed on was the conviction not to stop setting more goals even after major achievements.  

“I’m thinking of what’s next. Maraming nagasasabi na pwede na (Many people say it’s enough that), you’re a gold medalist,” said Ms. Diaz, “But I don’t want to stop yet.”  

She confirmed that she still plans to compete in the 2024 Paris Olympics.  

Meanwhile, Ms. Alonzo expressed that she has plenty she wants to do aside from maintaining her acting career: “My dreams don’t stop here, I have other dreams too aside from being an actress. I’m also a businesswoman and entrepreneur.”  

Kimberly Anne Zandueta, a Manulife financial adviser, noted that both Filipinas are good examples of successful women who learned to manage their finances.  

“Remember the 50-30-20 rule,” she reminded. “Divide and prioritize your income this way — 50% on needs, 30% on wants, and 20% set aside as savings.” — Bronte H. Lacsamana