Home Blog Page 5172

Peso seen to weaken on Fed hike bets

THE PESO could depreciate this week amid the ongoing war between Russia and Ukraine and with the market expecting more hawkish signals from the US Federal Reserve.

The local unit closed at P51.74 per dollar on Friday, weaker by 24 centavos from its P51.50 finish on Thursday, based on data from the Bankers Association of the Philippines.

The peso also retreated by 40 centavos from its P51.34 close on Feb. 24.

The local unit depreciated versus the greenback due to market concerns on oil supply amid Russia’s invasion of Ukraine, UnionBank of the Philippines, Inc. Chief Economist Ruben Carlo O. Asuncion said in an e-mail.

Reuters reported that fuel prices recorded their biggest weekly gains since 2020 amid market fears on the impact of sanctions against Russia, which is the world’s second-largest exporter of crude.

Brent futures on Friday increased $7.65 or 6.9% to close at $118.11, the highest since February 2013. Meanwhile, the US West Texas Intermediate rose by $8.01 or 7.4% to $115.68 a barrel, the highest since September 2008.

Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said market sentiment also tracked the country’s record outstanding debt as of January.

Preliminary data released by the Bureau of the Treasury showed outstanding debt hit P12.03 trillion, up by 16.5% from a year earlier and up by 2.6% month on month.

The Treasury said the debt stock rose after another zero-interest loan from the central bank and an increase in borrowing from domestic creditors.

For this week, Mr. Asuncion said the market will continue to track policy signals from the US Federal Reserve ahead of their rate decision this month.

Fed Chairman Jerome H. Powell on Wednesday said he will back a quarter percentage point interest rate increase on the upcoming policy review of the Federal Open Market Committee on March 15 to 16. He also said they will be ready for more aggressive action in case inflation does not cool as quickly as expected.

The market will also continue to monitor the war between Russia and Ukraine, Mr. Ricafort said.

The two parties are expected to have their third round of talks on Monday. The sides on Thursday agreed to launch humanitarian corridors to allow civilians out of combat zones, although some delays were seen on its implementation.

For this week, Mr. Asuncion gave a forecast range of P51.20 to P51.80 per dollar, while Mr. Ricafort expects the local unit to move within P51.40 to P51.90. — Luz Wendy T. Noble with Reuters

Stocks may rise on firms’ 2021 financial reports

SHARES could rebound this week despite continued cautiousness over the Russia-Ukraine war as more companies release their financial reports.

The 30-member bellwether Philippine Stock Exchange index (PSEi) went down by 46.08 points or 0.62% to close at 7,342.01 on Friday, while the broader all shares fell by 22.90 points or 0.58% to 3,895.52.

Week on week, the PSEi went up by 129.78 points from its finish of 7,212.23 on Feb 24.

“Market participants may look forward to the string of economic and corporate earnings results that will be released in the coming days,” Timson Securities, Inc. Trader Darren Blaine T. Pangan said in a Viber message.

Some 56% of the PSEi basket have already reported their financial results and 21% of them are expected to release their reports in the coming week, online brokerage 2TradeAsia.com said.

This week, companies holding analyst briefings include Ayala Corp., Metro Pacific Investments Corp., AC Energy Corp., Security Bank Corp., BDO Unibank, Inc., Robinsons Land Corp., Megaworld Corp., Aboitiz Power Corp., Equity Ventures, Inc., Ginebra San Miguel, Inc., Petron Corp., and San Miguel Corp., among others.

“In the international scene, investors may be watching closely how the geopolitical tensions between Ukraine and Russia unfold, along with the impact it brings to global commodity prices,” Mr. Pangan said.

The number of Ukrainian refugees was expected to reach 1.5 million on Sunday as Russia continued its attack 11 days after invading Ukraine and Kyiv pressed for further Western action, including more sanctions and weapons, Reuters reported.

Moscow and Kyiv traded blame over a failed ceasefire on Saturday that would have let civilians flee Mariupol and Volnovakha, two southern cities besieged by Russian forces. Ukrainians who could escape spilled into neighboring Poland, Romania, Slovakia and elsewhere.

Ukrainian negotiators said a third round of talks with Russia on a ceasefire would go ahead on Monday, although Moscow was less definitive.

2TradeAsia.com said that the Russia-Ukraine crisis could push the US Federal Reserve be more dovish in its policy adjustments.

“The other half of the anxiety, at least from a market standpoint, is on the oil markets. Crude prices hit levels never before seen since 2010, and as a perennial oil importer, the country is already experiencing great fiscal pressure to make interventions,” 2TradeAsia.com said.

The Fed is expected to start raising rates this month, with analysts previously predicting the central bank to start its tightening cycle with a 50-basis-point hike to combat rising inflation.

US crude prices topped $115 a barrel last week, while other commodities such as wheat also surged.

For the coming week, 2TradeAsia.com placed the PSEi’s immediate support at 7,200 and resistance at 7,500.

Meanwhile, Timson Securities’ Mr. Pangan said support is pegged at 6,940 and resistance at 7,510. — L.M.J.C. Jocson with Reuters

FIG chief sees golden games for Carlos Yulo in Paris, LA Games

CARLOS YULO — GYMNASTICS ASSOCIATION OF THE PHILIPPINES

INTERNATIONAL Gymnastics Federation (FIG) president Morinari Watanabe believes Filipino two-time world champion Carlos “Caloy” Yulo can strike gold not just in the 2024 Paris Olympics, but in the 2028 Los Angeles Games as well.

“He (Yulo) can win gold in 2024 and 2028 Olympics,” said Mr. Watanabe, who was with Mr. Yulo as special guests in the inauguration of the Manny V. Pangilinan Sports Foundation Gymnastics Center in Intramuros, Manila on Saturday.

“He’s still young. He will only be 24 in Paris and 28 in LA,” he added.

Mr. Watanabe, who is a close friend of Gymnastics Association of the Philippines president Cynthia Carrion, was instrumental in the growth of the 22-year-old Mr. Yulo as he helped arrange the latter’s training in Japan.

While the pocket-sized wonder from Leveriza, Manila fell short in snaring the gold in the Tokyo Games, he bloomed into a world champion in floor exercise in Stuttgart, Germany in 2019 and vault last year in Kitakyushu, Japan where he also snared a parallel bars silver.

“He still has a bright future ahead of him,” said Mr. Watanabe.

Mr. Yulo, who flew back to Japan after a five-day break in the Philippines, will have a busy 2022 as he is set to compete in a meet in Japan next month, the Hanoi Southeast Asian Games slated for May 12 to 23, the Asian Championships set on June 15 to 18 in Doha, Qatar and the Hangzhou Asian Games scheduled Sept. 10 to 25.

The SEA Games gold medalist will need to finish in the top 5 in Doha to qualify to the World Championships to be held Oct. 29 to Nov. 6 in Liverpool, England where he hopes to emerge champion for the third time. — Joey Villar

Style (03/07/22)

Kiss chapped lips goodbye

FACE masks have become an essential everyday item, especially when going out. Although they protect us from germs and viruses, they can also cause some problems like “maskne,” pressure marks, and mask mouth. And those protective face masks can make lips dry and flaky. Chapped lips usually aren’t a serious health concern as they can heal on their own without leaving scars or blemishes. But broken skin increases the risk of infection and that can be an uncomfortable experience, and the humidity under the mask only aggravates this. Face masks can trap saliva and sweat and make dehydrate lips. Wearing ill-fitting ones even further irritates the lips as they rub against harsh materials. While going out mask-free is not possible just yet, there are lip products that seal in moisture and repair and protect them. Mentholatum LipCare offers handy and nourishing balms and gels that exactly do that. LipCare Therapy Lip Balm that contains SPF15 to protect lips against harmful UV rays, a must for everyday wear. LipCare Therapy Lip Gel can be used for faster repair and relief from dry, chapped, or cracked lips. Both also provide a fresh, cooling menthol sensation that relieves soreness and burning caused by cold, harsh weather, and the sun. There are also Lip Pure products, which are made with 100% food grade ingredients including natural beeswax that provides mild hydration for the lips’ delicate skin. Lip Pure Botanical Oils contains six types of natural oil ingredients such as shea butter, olive oil, macadamia nut oil, meadowfoam seed oil, jojoba oil, and almond oil to deeply moisturize and protect the lips. And there’s Lip Pure Fragrance Free that has powerful antioxidants from Brazilian berries, grapeseed oil, and soy for youthful-looking lips. It also contains royal jelly extract and manuka honey to lock in moisture and provide long-lasting hydration. The lip brand also offers a special product for men, LipCare Men’s Cool Aqua that provides instant cooling sensation and relief of dry and chapped lips. Aside from menthol for cool and refreshing sensation, it also contains vitamin E, aloe extract and macadamia ternifolia seed oil for long lasting moisturization as well as SPF15 for UV protection. Apart from applying lip balm or gel on the lips, one ought to exfoliate the lips at least once a week . It’ also best to avoid licking the lips as saliva can take moisture out as it evaporates, and its enzymes can break down the oils or moisturizing products applied to the skin.

Cult fave Hada Labo face lotions

DUBBED as Japan’s #1 face lotion brand, Hada Labo has been selling out a bottle every five seconds, amassing a cult following across the globe. Hada Labo products’ main goal is to provide intense hydration and moisture to the skin, giving it a youthful, radiant mochi-like finish. It does so by making hyaluronic acid — that’s known for retaining water in the skin — its main active ingredient. Currently, there are two types of face lotions in the Philippines: Goku Jyun Hydrating Lotion and Shiro Jyun Premium Whitening Lotion. The Goku Jyun Hydrating Lotion, Japan’s #1 face lotion and Hada Labo’s star product, is infused with four types of hyaluronic acid, and is also formulated with Japan’s High Performance Penetrating and Deep Moisturizing Technology. The Shiro Jyun Premium Whitening Lotion contains Tranexamic Acid that helps fight dark spots, rebalance skin tone, and restore skin radiance. It also contains Vitamin C and E to soothe and relieve discomfort after sun exposure. The lotion also has hyaluronic acid and nano hyaluronic acid for penetrating the inner layers. Hada Labo also offers face washes and creams. Both Hada Labo products lines also have their own face wash and cream selections to complete a sensible three-step routine. The Goku Jyun line includes the Hydrating Face Wash, an ultrafine foam that gently washes away impurities without drying or irritating the skin, and the Hydrating Light Cream, a light watery moisturizer that’s meant to lock, replenish, and store moisture deep in skin. The same line has the Hydrating Water Gel, a breathable ultralight gel with botanical extracts. The Shiro Jyun line, meanwhile, offers the Premium Whitening Face Wash for brightening benefits while reducing visible redness and reawakening dull skin, and the Premium Whitening Water Cream that contains meadowfoam seed oil and shea butter to deliver deep nourishment to the skin. Hada Labo also offers Deep Clean & Pore Refining Face Wash that contains bentonite clay to absorb impurities from pores and skin-refining, oil-controlling green tea extract. Each product also contains hyaluronic acid. Hada Labo is available at selected Watsons branches nationwide, and online at watsons.com.ph and at the official Mentholatum store on Lazada and Shopee.

Hybrid work essentials from Rustan’s

WITH the rising trend of hybrid work arrangements, Rustan’s has the right essentials professionals need to gear up to make the adjustment more comfortable. For office workers, going back and forth between the office and the home can feel a little surprising at first after the two-year hiatus. Minimize body pain that comes with the initial shock of moving more frequently with the Anomeo Neck Roll Pillow, which is designed to alleviate neck pain and lower back pressure during long drives or sitting. Likewise, the Ergonomic Back Support Pillow helps relieve lower and middle back pain caused by hours in the car or at the desk, while ensuring healthy posture by maintaining the natural curve of the spine. Always maintain a professional look online or offline by keeping wardrobes updated, wearing confidence-boosting fragrances, and maintaining healthy-looking hair. For blouses, button downs, shirtdresses, and more, browse through Yoya’s stylish and functional pieces like the Arezzo Tuxedo Top and the Parkdale Dress. Complement it with a scent like Bvlgari’s floral-musky Rose Goldea Blossom Delight for women, or the Man in Black with notes of rum, leather, and vibrant spices for men. Finally, protect your hair and scalp against environmental stressors with L’Occitane’s Anti-Pollution Hair Mist. Enriched with 100% natural essential oils, makes your hair shiny, supple, and soft without weighing it down. Meanwhile, Rustan’s The Beauty Source welcomes Women’s Month with offers, activities, and inspiring changemakers. There is the “Beauty Live” event hosted by Laura Lehmann. The broadcast will commence via Instagram Live @iamlauralehmann on March 11 at 5 p.m., and viewers can win special giveaways and raffle prizes from participating RTBS beauty and fashion brands.  The month of March is packed with special gifts and exclusive offers. From March 5 to 15, all shoppers can enjoy special discounts and gifts from Phyto, Palmer’s, RMS Beauty, Jane Iredale, Koh Gen Do, Sisley, Nuxe, Anastasia Beverly Hills, Neal’s Yard Remedies, and many more. Finally, March 11 to March 13 features the exclusive Girl Talk promo wherein shoppers can use the code GRLPWR500 to avail P500 off with a minimum purchase of P10,000.  All these special offers are available in Rustan’s stores, Personal Shopper On Call, and rustans.com.

How PSEi member stocks performed — March 4, 2022

Here’s a quick glance at how PSEi stocks fared on Friday, March 4, 2022.


How much does each commodity group contribute to February inflation?

Philippine inflation slowed in February as food prices eased, though this is unlikely to go on as fuel prices surge amid Russia’s invasion of Ukraine. Read the full story.

How much did each commodity group contribute to February inflation?

Analysts decry unclear foreign policy direction

PHOTO FROM PHILIPPINE COAST GUARD

By Alyssa Nicole O. Tan, Reporter
and Jaspearl Emerald G. Tan

PRESIDENTIAL CANDIDATES lack a clear foreign policy direction and are unlikely to advance Philippine interests in case they get elected, political analysts said at the weekend.

“Any self-respecting presidential candidate must by now be able to articulate the fundamentals of their foreign policy vision,” Jaime B. Naval, a political science professor from the University of the Philippines (UP), said at the weekend. “Foreign policy is naturally anchored on domestic considerations.”

The president must understand and connect regional and extra-regional developments to advance the interests of the country, Mr. Naval said in a Facebook Messenger chat. “We need to have more creative, out-of-the-box solutions or actions.”

The more prominent presidential candidates only have general statements on specifics issues, Herman Joseph S. Kraft, who heads the UP Department of Political Science, said in a Viber message.

Their views are limited to seeking good relations with China and defending the country’s territorial integrity, “but nothing that states broad strategic ideas of what the country’s foreign policy is seeking as an outcome, and how this outcome is to be achieved.”

“There has to be more than just the rivalry between the US and China, the West Philippine Sea, or overseas Filipino workers in our foreign policy,” he added.

Mr. Kraft said the next Philippine president would probably be “winging it” at least in the first few months amid a coronavirus pandemic.

The government  would be “playing catch-up in an increasingly fluid situation it has very little control over.” It is likely that this would not change in the short term, he added.

Four of the top five presidential contenders have the same foreign policy platforms, Renato C. de Castro, an international studies professor at De La Salle University, said via Zoom.

These candidates — Vice-President Maria Leonor “Leni” G. Robredo, Senator and boxing champion Emmanuel “Manny” D. Pacquiao, Manila Mayor Francisco “Isko” M. Domagoso and Senator Panfilo “Ping” M. Lacson, Sr. — might challenge China but not completely, he said.

When it comes to the sea dispute, they  see China as a competitor and never a best friend, he pointed out.

In contrast, former Senator Ferdinand “Bongbong” R. Marcos, Jr. seems to have a defeatist attitude toward China, Mr. de Castro said.

Mr. Kraft said the son of the late dictator Ferdinand E. Marcos seemed dead set on following President Rodrigo R. Duterte’s line on China. He has repeatedly said the Philippines’ arbitral win against China could not be enforced and a bilateral deal with Beijing was the practical option.

Mr. Marcos had parroted Mr. Duterte’s position in the past that the country could not afford to go to war with China.

Mr. Duterte only started speaking about protecting Philippine sovereignty last year, close to the end of his six-year term.

For most of his term, the tough-talking leader had allowed Chinese fishermen to illegally fish in the South China Sea and followed through with a so-called appeasement policy, according to Jay L. Batongbacal, director of the University of the Philippines Institute for Maritime Affairs and Law of the Sea.

“Since Marcos has insisted that his administration would take a policy direction that seems to adhere closely to the line taken by President Duterte, it would be logical to assume that China would favor his election,” Mr. Kraft said.

China might delay its militarization of the South China Sea so it does not put Mr. Marcos, who has “said nice things about them,” in an awkward position.”

Mr. De Castro said China would support a candidate who is for rather than against them, though it might have reservations about Mr. Marcos given his poor track record as a legislator.

At a webinar at the weekend, Chinese Ambassador to the Philippines Huang Xilian said “China never interferes in the politics of other countries.”

“We believe that Filipinos have the wisdom to choose their own leader,” he said. “As far as China-Philippine relations, that is under the guidance of our top leaders.”

“Our relations have picked up a new momentum and we will continue to work with the leader elected by the Philippines to continue this good momentum of our bilateral relations and bring benefits to both our peoples,” he added.

Mr. Naval noted that unlike most candidates, Ms. Robredo and Mr. Lacson have a deeper understanding of foreign policy. “Thus far, the others have a superficial knowledge of the key foreign policy concerns the country must address.”

Ms. Robredo earlier said she would pursue deals with China only if it recognizes the 2016 ruling by a United Nations-backed tribunal that invalidated its claim to more than 80% of the sea.

Mr. Lacson has cited the need for a “balance of power in the West Philippine Sea,” referring to areas of the South China Sea within the Philippines’ exclusive economic zone.

He also said he would review the country’s Mutual Defense Treaty with the United States and boost ties with foreign military powers.

Both candidates have said the Philippines could not stay neutral in Russia’s invasion of Ukraine.

Mr. De Castro said the next president should pursue trade and investment deals with China and should draw the line as far as the sea dispute is concerned.

“Whoever gets elected as president must not only display and communicate familiarity with the strategic and contemporary international concerns relevant to the Philippines,” Mr. Naval said.

“They must know and be prepared to deal with the implications of international developments, and how these can be exploited to advance our interests,” he added.

Meanwhile, senatorial candidates who joined a debate on national TV don’t seem to have a good grasp of international relations, Dennis C. Coronacion, a political science professor from the University of Santo Tomas, said in a Viber message.

“Not all of them have a good grasp of international relations and not all of them know the nuances of the regional security in East Asia,” he said.

The candidates were asked whether they agree with former Japanese  Prime Minister Shinzo Abe’s proposal for the US to deploy nuclear warheads in Japan.

All the candidates correctly answered that Philippine national interest should come first, but no one put the issue in context.

“This is clearly meant to boost Japan’s defense in the light of the actions of China and North Korea to proceed with nuclear  defense programs,” he said. “Abe’s proposal became controversial since Japan has a long-standing policy against possessing and allowing nuclear weapons in their territory.”

“The idea of the US deploying nuclear weapons in Japan and this being raised is probably a trial balloon,” Mr. Kraft said in a separate Viber message. “It is intended to draw comments from the Japanese people (which the Japanese government is very interested in), and from the rest of the region (Chinese sentiments probably already being considered with a grain of salt).”

“Of course, sentiments raised by our candidates offer ideas that make it seem like this is about the Philippines and that we can do something to affect this decision,” Mr. Kraft said.

Hansley A. Juliano, a former political science professor studying at Nagoya University’s Graduate School of International Development in Japan said senatorial candidates who said the 1951 Mutual Defense Treaty, 2014 Enhanced Defense Cooperation Agreement  and 1999 visiting forces agreement with the US are no longer valid were wrong because the Supreme Court has upheld their legality.

“Any statement that says these are not valid is technically not speaking in accordance with the law,” he said in a Facebook Messenger chat. “The Supreme Court has acknowledged the constitutionality of all of them.”

DoH posts 870 new COVID infections, 144 more deaths

PHILSTAR

THE PHILIPPINES posted 870 coronavirus infections on Sunday, bringing the total to 3.67 million.

The death toll hit 57,023 after 144 more patients died, while recoveries rose by 1,433 to 3.56 million, the Department of Health (DoH) said in a bulletin.

It said 3.9% of 24,543 samples from March 4 tested positive for coronavirus disease 2019 (COVID-19), which is within the World Health Organization’s threshold.

Of 48,793 active cases, 401 did not show symptoms, 44,131 were mild, 2,693 were moderate, 1,279 were severe and 289 were critical.

DoH said 92% of new cases occurred on Feb. 21 to March 6. The top regions with cases in the past two weeks were Metro Manila with 212, Calabarzon with 126 and Western Visayas with 80 infections. It added that 8% of new deaths occurred in March and 44% in February.

Six duplicates were removed from the tally, two of which were reclassified as recoveries, while 130 recoveries were relisted as deaths. Five laboratories failed to submit data on March 4.

The OCTA Research Group from the University of the Philippines said infections might increase again if Filipinos fail to follow health protocols and get booster shots.

The country has been reporting fewer than 1,000 new COVID-19 cases for the past few days but things can still change, OCTA fellow Fredegusto P. David told ABS-CBN Teleradyo on Sunday. “Technically, we can say the worst is over for now but things can still change.”

He said the Philippines might experience a surge by April or May, noting that the country usually experiences a surge after every three months.

Mr. David said the surge could be triggered by new coronavirus variants, failure to comply with health rules, large gatherings during the campaign period and waning immunity.

“All these factors could cause a resurgence,” he said. “Maybe not as big, but it could be a significant resurgence in cases if we’re not careful.” The OCTA fellow said daily cases could fall to 500 by the end of March.

The Philippines has experienced four waves of COVID-19 since 2020. It reported the highest single-day tally on Jan. 15 at 30,004. — Kyle Aristophere T. Atienza

Military chief visits Thitu Island in disputed waterway

WIKIPEDIA

THE HEAD of the Philippine military checked state facilities and tried to boost the morale of troops on Thitu Island in the South China Sea on Friday, according to the Armed Forces.

Armed Forces of the Philippines (AFP) Chief of Staff General Andres C. Centino “assured the troops of support from the AFP general headquarters,” the military said in a statement on Sunday.

The island, which the Philippines calls Pag-asa, is part of the resource-rich Spratly Islands. It is about 12 nautical miles from China’s air and naval base at Subi Reef.

China took hold of Subi, which the Philippines calls Zamora, in 1988.

Mr. Centino led ceremonies where he awarded Vice Admiral Alberto Carlos, the new commander of the AFP Western Command, a three-star rank.

President Rodrigo R. Duterte led a foreign policy pivot to China away from the US when he took office in 2016.

Critics have accused the tough-talking leader of gambling Philippine territories to appease China, from which he got about P1.2 trillion in investment and loan pledges to boost big-ticket infrastructure projects. Few of these have materialized, they said.

The country’s sea dispute with China is a major campaign issue, according to political analysts.

Fitch Solutions Country Risk and Industry Research said in a report last year presidential frontrunner Ferdinand “Bongbong” R. Marcos, Jr. “appears one of the few candidates to agree with Duterte’s policy of engagement.”

Local civic groups have accused him of parroting China’s mantra in its sea dispute with the Philippines.

Mr. Marcos’ main rival, Vice President Maria Leonor “Leni” G. Robredo, has said the next government should be uncompromising when it comes to the South China Sea dispute.

She said the next president should not deal with China unless it recognizes the ruling by a United-Nations backed tribunal in 2016 that voided its claim to more than 80% of the sea.

Ms. Robredo has also called for a coalition of nations against China’s militarization of the disputed waterway. — KATA

VP Robredo supports Philippine condemnation of Russia’s invasion of Ukraine

VP LENI ROBREDO OFFICIAL FB PAGE

VICE PRESIDENT Maria Leonor “Leni” G. Robredo on Sunday condemned Russia’s invasion of Ukraine, saying countries have the moral obligation to stand against foreign aggression.

“I condemn the violence that has been inflicted upon the people of Ukraine, the violation of its sovereignty and the threat that now hangs above all the innocent lives in the region,” Ms. Robredo, the opposition candidate for president in the May 9 elections, said in a statement. 

She also praised the Philippine government’s stance supporting the international community in condemning the invasion of Ukraine.

The Philippines has voted in favor of a United Nations resolution condemning Russia’s invasion of Ukraine.

Last week, President Rodrigo R. Duterte held a meeting with Cabinet and security officials to discuss the socio-economic implications of the Russia-Ukraine crisis.

The vice president said countries should stand against bullying and unprovoked aggression “especially given the reports of civilians and residential areas deliberately targeted in the course of this invasion.”

The Philippine opposition leader also acknowledged the Ukrainian people’s efforts to defend freedom and a rights-based order. 

OTHER PRESIDENTIAL BETS
Ms. Robredo’s main rival, the late dictator’s son Ferdinand “Bongbong” R. Marcos, Jr., has flip-flopped on his stance on the issue, initially saying that the Philippines should not take a stand on the conflict.

In a televised debate held on Feb. 27, three other presidential contenders — former Cabinet Secretary Ernesto C. Abella, Manila Mayor Francisco “Isko” M. Domagoso, and businessman Faisal Mangondato agreed — with Defense Secretary Delfin N. Lorenzana’s proposal that the government should remain neutral since the European issue “did not have anything to do” with the Philippines. 

Senator Panfilo M. Lacson, on the other hand, said in the debate that the country has an obligation to condemn a foreign aggressor and renounce war as a member of the United Nations. — Kyle Aristophere T. Atienza

Ka Leody plans to push for law on students’ rights, academic freedom

LABOR LEADER and presidential candidate Leodegario “Ka Leody” de Guzman said on Sunday that if he is elected in May, he would push for the passage of a law that will institutionalize students’ rights and academic freedom. 

Mr. de Guzman laid out a “Universal Students’ Magna Carta,” which would include 13 unalienable and absolute rights related to on-campus policies and activities.

“The youth is not just simply the hope of our country, as early as now you can see their capacity to change and contribute to a progressive, free, and developed society,” he said in a statement in Filipino. 

Among the 13 rights are the right to unconditional academic freedom, the right to accessible education, and the right to being free from discrimination and harassment.

“The law will not only just provide a free and safe academic space, but schools will be bastions of critical analysis towards the development of our society,” he added. 

The measure will also cover reforms in school curricula to include sexual health education, labor rights, climate change, and a reorientation from global marketability to national development. 

The labor leader reiterated that schools have been focused on serving global capitalism for too long, and should be reoriented to discussions on nation-building, social development, and social justice.

Mr. de Guzman also plans to address the plight of out-of-school-youth by strengthening programs on skills and capacity-building through the Technical Education and Skills Development Authority (TESDA).

His youth agenda will also include making schools more accessible for persons with disabilities (PWDs) and protecting these students from discrimination and harassment. 

“We should understand in particular the interests of the youth sector, their needs that the government needs to address for the overall development.” Mr. de Guzman stressed. 

Mr. de Guzman earlier said he plans to allocate more funds to build more schools and increase teachers’ pay if elected to office. — John Victor D. Ordonez