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Promotion policy for employees without degrees

Romy (not his real name) is a talented but ambitious young man who has been with us for the past five years. He is a high-flyer and we would like to recognize him with a promotion. Unfortunately, our human resources (HR) department has a policy that makes it difficult for us to promote someone who is not a college graduate like Romy. How do we manage this situation? — Lone Wolf.

One traditional solution to your problem is to offer other forms of rewards and recognitions for Romy and other similarly-situated workers. But before you do that, ask HR to resolve an inconsistency. Why hire undergraduates if your company has no intention of giving them more responsibility after they’ve proven their worth through tangible accomplishments?    

Challenge the position of HR on this issue. Do it respectfully. If they allow the hiring of undergraduates who are disqualified from promotions, what kind of injustice is that? Fortunately, reward and recognition programs can come in other forms while you sort this policy out.

It may include recognizing all employees, including graduates and undergraduates with a hefty bonus, a gift certificate, a feature article in the employee newsletter, or recognition as “Employee of the Year,” among other things. You are limited only by your imagination. Now, what happens if Romy becomes a three-time “Employee of the Year” awardee or enters the Hall of Fame?

Another interim approach is to change Romy’s job title into something significant. You can appoint him team leader for other employees without degrees. You can assign him certain special projects to expand his skills while racking up new milestones for the organization.

But be cautious. You must convince your HR department to support you on these solutions because you can’t implement a policy that is unique to your team, which would make your department the equivalent of an independent republic.

PREPARATORY WORK
To convince HR, you must act judiciously. You can’t simply propose courses of action not backed by careful analysis. A misstep here could make HR look incompetent. Pitch your policy changes as helping the company keep up with the times. Frame your proposal as a means of motivating and retaining talent. You can take this approach by doing the following:

One, understand the letter and spirit of your promotion policy. Go back to when and why it was first implemented. Was it a temporary solution to the shortage of job applicants at the time? If so, why did the company persist in disqualifying non-graduates from promotion? What was the point of this? If non-graduates and degree holders can do the same job without any issue, then why make one category ineligible?

Two, benchmark with other companies within the industry. If not within the industry, find out the best practices of organizations within your locality, perhaps within the same export processing zone. What’s the trend? Are their policies similar? You may be surprised to learn there are maverick managers out there who believe in meritocracy over and above educational achievement or years of service. 

Three, give Romy a reasonable monthly cash allowance. The amount could approximate a salary increase that you can withdraw anytime. This can accompany assignment to a special project or similar challenging tasks, such as managing a team of non-graduates who are also trying to prove their worth. In HR terms, this means giving him a staff function, making him an expert on something connected to the company’s business.

Last, ask Romy about his career goals. If you’re convinced, he can go a long way, maybe you can establish a program that would allow him to obtain a college degree after office hours or on weekends. You can sweeten the deal by offering him a substantial employee loan, without charging interest.

WIN-WIN
You can do many things to arrive at a win-win situation for Romy or other such employees, the HR department and the organization in general. But first, you have to understand the issues that may be making your recruitment policies and practices less than ideal. What is your attrition rate? If it’s in the double digits, it may be time to examine things on a per department basis.

In general, it’s more expensive and tedious to replace resigned workers than to make an effort to retain them. Of course, if your company can’t afford to pay substantial salaries, then at least, you must treat your workers well. They are likely to reciprocate by treating you and the customers well.

Be mindful of Romy’s morale. If you can see signs of dissatisfaction, your best course of action is to knock at the door of HR. If not, bring the matter to the chief executive officer or your department boss as a last resort.

 

Chat your questions to Rey Elbo via Facebook, LinkedIn or Twitter or e-mail them to elbonomics@gmail.com or via https://reyelbo.com

Pirelli calendar puts model muses at the forefront for 2023 edition

A SCREENSHOT of the Pirelli calendar

MODELS return to the forefront in the 2023 Pirelli calendar, unveiled on Wednesday, with big fashion names including Bella Hadid, Cara Delevingne, and Karlie Kloss among those snapped by Australian photographer Emma Summerton for the new edition.

Titled Love Letters to the Muse, the 2023 Pirelli calendar features only models after a mix of actors, athletes, activists among other celebrities were snapped in more recent copies that moved away from past shoots of scantily-clad women to more artistic themes.

Ms. Summerton photographed 14 models for the 49th edition of the calendar, known as “The Cal,” each snapped in a dreamy-like setting and embodying a different muse to which Pirelli said they had a close affinity to.

Computer programmer Ms. Kloss portrays “The Tech Savant” while Ms. Delevingne, also an actress, is “The Performer.”

Emily Ratajkowski, who published her debut essay collection last year, is “The Writer,” and model and athlete Lauren Wasser, who had both her legs amputated after contracting toxic shock syndrome, is “The Athlete.”

“For the Calendar, I wanted to go back to the etymological root of the word ‘muse.’ The muse originally represented the source, not just inspiring but also possessing talents in literature, science and the arts,” Ms. Summerton said in a statement.

She added she was “fascinated by women who do extraordinary, creative things, women who, starting with my mother, have inspired me throughout my life and throughout my career. People I’ve learnt a lot from: writers, photographers, poets, actresses and directors. So, my idea was to celebrate these extraordinary women and create a world in which to represent them.”

Other models photographed for the 2023 edition include Ashley Graham, He Cong, Precious Lee, Lila Moss and Adut Akech.

First published in the 1960s, the Pirelli calendar has a limited run and is usually gifted to the Italian tiremaker’s clients. — Reuters

Moving around again

AFTER three years of being in “staycation,” we are now moving around again, with  the loosening and removal of restrictions. It’s the time of the year when balikbayan relatives start to visit, which we missed the past two years. Reunions are such great times.   Despite the time and distance, when you meet close relatives and friends again, it’s as if even your childhood years just happened yesterday, with no time lost.

As we catch up with each other’s experiences of the past years, we reminisce memories and laugh at old days mischievous events. Sometimes it becomes almost a “therapy session” where you are able to let your heart out.

There are so many activities happening in addition to the Zoom and face-to-face meetings. Many are going out, as can be gleaned from the slow pace of traffic. In my case, I try to limit going only to open areas such as Makati Garden Club, my garden in Antipolo, and the newly opened Coconut Grove in Admiral Hotel, which has an excellent view of the sunset.

I attended Joy Madrid-Balatbat’s Ikebana book Kyoto Mornings in Autumn launch held at Artha Residences atrium open area. Joy is very talented and has a big heart, as proceeds of the book will benefit poor bright children with scholarships to keep them off the streets and make them useful citizens. She demonstrated an ikebana arrangement that amazed all of us. She certainly makes good use of farm discards such as coconut husks, dried branches, et cetera. It was a good venue to meet new and old  friends I have not seen since the pandemic started.

The Filipina CEO Circle (FCC, a powerhouse of women leaders whose advocacy is the advancement of women) has started face-to-face meetings. Last week, we had a tour of the Ayala Museum with an inspiring talk by TOWNS Awardee Gina Romero, capped by the uplifting music of Alessio Benvenuti, violinist, pianist and conductor of the Manila Symphony Junior Orchestra.

An unconventional entrepreneur, a community builder, and TOWNS awardee, Gina’s story is heartening. She is an only child of a domestic helper who grew up in the United Kingdom and lived among overseas Filipino workers who left their kids home in the Philippines to work overseas. She often asked the questions: “Why do these women have to choose between work and family? Why do they need to leave the Philippines to find work?” Since 16, she started several businesses and failed several times. But she looked at these failures as teaching experiences, “failing forward,” in the words of John Maxwell. Today, she runs “a number of businesses with a focus on providing a platform for women to harness technology for success.”

In 2013, she co-funded “Connected Women” (CW), a Philippine startup enterprise, with Ruth Owen, another dynamic lady. CW provides technology skills training to women and online job matching. The vision is for women and mothers to work from home and spend more time with their families. The pandemic led their business model to focus on upskilling and providing socially responsible outsourcing for the AI industry. With increasing technology and connectivity, CW wants to make sure that no woman is left behind. With Agnes Gervacio as its new CEO, these three spirited ladies, tech smart, business savvy, but with feet on the ground, will certainly bring CW to greater heights, creating  big impact for women  and financial inclusion.

I also attended the roundtable discussion on “Responsible business conduct in the food value chains in the Philippines” sponsored by AGREA, headed by “Agriwoman” champion   Cherrie Atilano together with the Kingdom of the Netherlands Ambassador Marielle Geraedts and Amy Melissa Chua of Philippine Partnership for Sustainable Agriculture (PPSA).

It is so nice to be free and go out once again. As we want to be up and about this coming Christmas holidays, let’s strengthen our immune system with vitamin C, exercise, eat healthy and follow health protocols such as social distancing, washing  hands, and wearing masks, especially indoors.  Count our blessings!

 

Flor G. Tarriela was former chairman of Philippine National Bank. She was formerly undersecretary of Finance and the first Filipina vice-president of Citibank N.A. She is a trustee of FINEX and liaison officer for the Ethics and Financial Inclusion Committee. She is also an environmentalist and a passionate gardener.

How PSEi member stocks performed — November 17, 2022

Here’s a quick glance at how PSEi stocks fared on Thursday, November 17, 2022.


Philippines drops to 22nd in English proficiency ranking

The Philippines slipped four notches to 22nd out of 111 countries with a score of 578 in the 2022 edition of the English Proficiency Index (EPI) by international education company Education First (EF). The index is the world’s largest ranking of countries/regions by adult English skills published annually which also serves as an international benchmark for adult English proficiency. The country’s EPI score is categorized as “high proficiency,” considered to be sufficient for tasks like making work presentations, understanding TV shows, and reading newspapers. It is above both the world and Asia average score of 502 and 500, respectively. The Philippines ranked second highest in English proficiency in East and Southeast Asia, behind Singapore. In terms of city rankings, Manila placed 26th out of 109 cities in the index with a score of 567 having “high proficiency” in the English language.

Philippines drops to 22<sup>nd</sup> in english proficiency ranking

Peso inches lower vs the dollar

BW FILE PHOTO
THE PESO moved sideways against the dollar on Thursday after the central bank delivered an aggressive rate increase to rein in rising inflation. — BW FILE PHOTO

THE PESO moved sideways against the dollar on Thursday as the Bangko Sentral ng Pilipinas (BSP) delivered a widely expected 75-basis-point (bp) rate increase to fight inflation.

The local unit closed at P57.36 per dollar on Thursday, inching down by a centavo from its P57.35 finish on Wednesday, based on Bankers Association of the Philippines data.

The peso opened Thursday’s session weaker at P57.45 per dollar. Its worst showing was at P57.53, while its intraday best was at P57.35 against the greenback.

Dollars exchanged decreased to $661.88 million on Thursday from $1.02 billion on Wednesday.

The peso was little changed on Thursday following the BSP’s policy decision, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message. 

The central bank on Thursday raised key interest rates for a sixth time this year to rein in rising inflation.

As expected, the Monetary Board increased the overnight reverse repurchase or policy rate by 75 bps to 5%. The rates on the overnight deposit and lending facilities were also increased to 4.5% and 5.5%, respectively.

With this, the central bank has now raised rates by a total of 300 bps so far since March.

Mr. Ricafort said the peso inched lower as the central bank gave higher inflation forecasts for this year and next amid strong upside risks to prices.

The BSP on Thursday raised its inflation outlook for 2022 to 5.8% from 5.4% previously, beyond its 2-4% target band. The central bank also hiked the 2023 projection to 4.3% from 4.1% and the 2024 forecast to 3.1% from 3% previously.

“The peso weakened slightly after the BSP Governor [Felipe M.] Medalla hinted at potentially softer rate hikes in future meetings,” a trader said in an e-mail.

Asked if the BSP will continue to match the Fed’s tightening in the coming months, Mr. Medalla said in a briefing that their future policy actions will be data-dependent.

“The Fed rate now is not the highest, but the four 75-bp (rate increases) have been the (fastest) for a long time and I think that’s over. Therefore, we are slowly going back to a more normal global interest rate environment,” he said. 

“We will probably do less of the, the two recent unusual actions the BSP did, namely the off-cycle 75 (bps) and this 75 (bp) that was announced two weeks earlier,” Mr. Medalla added.

Still, the peso remained stable after S&P Global Ratings affirmed the Philippines’ credit rating, Mr. Ricafort noted.

S&P maintained its “BBB+” rating on the Philippines and assigned a “stable” outlook on expectations of “healthy” growth.

For Friday, the trader said the peso may strengthen on a potentially strong euro zone inflation report.

The trader sees the peso moving between P57.20 and P57.45 on Friday, while Mr. Ricafort gave a slightly wider forecast range of P57.30 to P57.50 per dollar. — K.B. Ta-asan

Stocks rise as investors get bullish on economy

REUTERS

PHILIPPINE STOCKS inched higher on Thursday as investors were optimistic that the economy can absorb monetary tightening after the central bank delivered another large rate hike.

The Philippine Stock Exchange index (PSEi) went up by 11.65 points or 0.18% to 6,403.74 on Thursday, while the broader all shares index rose by 12.30 points or 0.36% to 3,388.60.

First Metro Investment Corp. Head of Research Cristina S. Ulang said the market ended higher as investors remain bullish on the country’s growth prospects.

“The PSEi closed in positive territory after the downswing in early trade largely, on emerging bets that the strong nine-month GDP (gross domestic product) growth of 7.8% will enable the domestic economy to absorb the aggressive interest rate hiking by the BSP (Bangko Sentral ng Pilipinas) with great resiliency,” Ms. Ulang said in an e-mail on Thursday.

A strong economy will also help companies achieve full financial recovery by next year, she added.

Philippine GDP expanded by 7.6% in the third quarter, slightly faster than the 7.5% in the second quarter. This brought the nine-month average to 7.8%, already higher than the government’s 6.5-7.5% target for the year.

Meanwhile, the BSP on Thursday fired off an aggressive 75-basis-point (bp) rate hike, matching the US Federal Reserve’s latest move, as it seeks to stabilize prices and support the peso.

The central bank has now raised borrowing costs by 300 bps since May.

“Philippine shares bucked the trend ahead of the BSP meeting, while US markets tumbled yesterday in response to a weak outlook from retail chain target, as inflation pinches shoppers heading into the holiday season,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message on Thursday.

Philstocks Financial, Inc. Research Analyst Claire T. Alviar said shares went up as the geopolitical tensions between Russia and the North Atlantic Treaty Organization eased. 

“Investors also anticipated the 75-bp interest rate hike of the BSP,” Ms. Alviar added.

Sectoral indices were split on Thursday. Industrials gained 92.33 points or 0.99% to end at 9,421.77; property rose by 14.36 points or 0.51% to 2,823.79; and holding firms went up by 5.94 points or 0.09% to 6,101.77.

Meanwhile, financials declined by 3.62 points or 0.22% to 1,601.86; services went down by 2.66 points or 0.16% to 1,646.88; and mining and oil lost 12.66 points or 0.12% to end at 9,837.12.

Value turnover inched up to P7.3 billion on Thursday with 582.73 million shares changing hands from P7.23 billion with 968.99 million issues traded on Wednesday.

Advancers outnumbered decliners, 95 versus 83, while 48 names closed unchanged.

Net foreign selling stood at P1.23 billion on Thursday, a reversal of the P1.09 billion in net buying seen on Wednesday. — AEOJ

Philippines accepts 200 UN suggestions on human rights

PHILIPPINE STAR/ MIGUEL DE GUZMAN

By John Victor D. Ordoñez, Reporter

THE PHILIPPINES has accepted 200 recommendations from the United Nations Human Rights Council, including investigating extralegal killings and protecting journalists.

“We do so because these are important areas and issues in which the government is already working, and in many cases, even going beyond the accepted recommendations,” Justice Secretary Jesus Crispin C. Remulla told the council in Geneva on Wednesday.

“They fall within the scope of and bolster the Philippine government’s ongoing human rights policies, programs and initiatives,” he said in a speech, a copy of which was sent to reporters on Wednesday evening.

The Philippines also agreed to combat gender discrimination and violence, protect human rights defenders, avoid reinstating capital punishment and comply with a UN program on accountability measures and data gathering on police abuses, among other things.

The Philippines will respond to the remaining 89 recommendations “in due course,” Mr. Remulla said.

More than 30 member-states of the UN Human Rights Council this week urged the Philippine government to do something about extralegal killings and human rights abuses in extralegal killings in connection with ex-President Rodrigo R. Duterte’s anti-illegal drug campaign.

Representatives from various countries also questioned the Philippines’ withdrawal from the International Criminal Court (ICC), which could resume its probe on the government’s deadly drug war.

Mr. Remulla said the government does not sanction attacks, harassment or intimidation of human rights defenders, lawyers and journalists.

“The Philippines is a vibrant democracy where freedom of expression, including the right to hold dissenting opinions, and the right of peaceful assembly are protected,” the Justice chief added.

During the UN session on Monday, the United States urged the Philippines to hold those behind human rights abuses during the drug war accountable. It added that state officials should stop tagging people as communists.

France and Canada said the Marcos government should act on extralegal killings and the prosecution of erring officials to give victims justice.

On Monday, Mr. Remulla told the UN Human Rights Council the government would “dispel the mistaken notion that there is a culture of impunity in the country.” The state also aims to prosecute more police officers responsible for wrongful deaths in the drug war.

At least 25 policemen have been charged with murder in connection with the government’s drug campaign, he added.

Maria Ela L. Atienza, who teaches political science at the University of the Philippines, said accepting these recommendations is a good sign for the government of President Ferdinand R. Marcos, Jr.

“These are formal commitments and all international and domestic stakeholders should follow through with these commitments if they will really be acted upon by the Philippine government,” she said in a Viber message.

Ms. Atienza said the state should also look at cases of harassment and violence against human rights defenders, lawyers and journalists to avoid raising doubts.

Philippine Universal Periodic Review (UPR) Watch on Tuesday said the Philippine delegation in Geneva had brought “empty words and vague promises” during the UN periodic review of the country’s human rights situation.

“Behind polite words in which the recommendations were given by more than a hundred countries in the review, they clearly mean that the Philippines has a long way to go in ensuring that human rights are respected and upheld in the country,” it said.

The presidential palace said the Marcos government was working with religious groups to persuade drug suspects to surrender.

In September, Human Rights Watch said drug war killings were still common and impunity for human rights violations continue under the Marcos administration.

The UN Rights Committee has said the Philippines should comply with international human rights mechanisms and cooperate with the ICC’s drug war probe.

At least 6,117 suspected drug dealers had been killed in police operations, according to data released by the Philippine government in June last year. Human rights groups estimate that as many as 30,000 suspects died.

“We will continue to cooperate with civil society, and together bring about the peace and progress that the Filipino people richly deserve,” Mr. Remulla said.

Marina budget raised to boost seaman training

EN.WIKIPEDIA.ORG
THE EUROPEAN Union (EU) has asked the Philippines to enhance compliance with the Standards of Training, Certification and Watchkeeping for Seafarers Convention, warning that failure to meet requirements could lead to seafarers being barred from working on its vessels. — MAXIME FELDER

A SENATOR who sought to quadruple the Philippine Maritime Industry Authority’s (Marina) 2023 budget to P80.69 million on Thursday said this should ensure compliance with international maritime standards.

Government failure to continue improving its standard could jeopardize the jobs of almost 600,000 Filipino seafarers, Senator Mary Grace S. Poe-Llamanzares said in a statement. “We are still accredited but we need to work on this.”

The European Union (EU) has asked the Philippines to enhance compliance with the Standards of Training, Certification and Watchkeeping for Seafarers Convention, warning that failure to meet requirements could lead to seafarers being barred from working on its vessels.

Marina and the Commission on Higher Education (CHEd) had failed to ensure that all training and assessment activities were administered, conducted, monitored and evaluated as required by the seafarer convention, the European Maritime Safety Agency (EMSA) said in 2020.

After the EMSA inspection, the European Commission notified the Philippines of a number of deficiencies in Filipino seafarers’ education, training and certification system.

Ms. Poe-Llamanzares said the country should quickly address deficiencies identified by the EU. “The mere fact that they have been accommodating and have not given us a definitive timeline, I know they appreciate the process we are undertaking at the moment.”

“What is important for the EU is that they see an effort to comply and it is an ongoing process,” she added.

Filipino seamen sent home $6.5 billion in remittances in 2021, she said, citing the Philippine central bank.

The senator cited data from the Bangko Sentral ng Pilipinas which revealed that Filipino sea-based workers have sent a total of $6.5 billion in remittances to their families in 2021. Remittances from January to September rose by 1.8% from a year earlier to $4.92 billion.

“Without being too presumptuous or arrogant about this, without the Filipino seafarers, I don’t think the maritime industry will be able to function properly,” Ms. Poe-Llamanzares said. “If we are not at the top, we are probably at the top three of those supplying seafarers.”

The United Nations Conference on Trade and Development’s 2021 maritime transport report showed that the Philippines was the No. 1 global provider of seafarers, followed by Indonesia, China and India. Together, these countries supplied 44% of the global seafarer workforce.

The Philippines was the largest source of seafarers with about 700,000 of them deployed to domestic and foreign-flagged vessels. — Alyssa Nicole O. Tan

Marcos to raise sea dispute in meeting with China’s Xi in Bangkok

PRESIDENT FERDINAND R. MARCOS, JR. — PHILIPPINE STAR/KRIZ JOHN ROSALES

PHILIPPINE President Ferdinand R. Marcos, Jr. would bring up the country’s sea dispute with China in a bilateral meeting with Chinese President Xi Jinping, according to the presidential palace.

“The chief executive said that it’s impossible for him to talk to China without mentioning the West Philippine Sea issue,” it said in a statement on Thursday, referring areas of the South China Sea within the Philippines’ exclusive economic zone.

The Philippine president last week said “the West Philippine Sea will be one of the top agenda if he meets with the Chinese president,” the Office of the Press Secretary said.

Mr. Marcos pushed the approval of a code of conduct in the South China Sea during the 25th Association of Southeast Asian Nations (ASEAN)-China Summit in Cambodia last week.

In 2002, ASEAN and China signed a nonbinding agreement where 11 countries agreed that a South China Sea code of conduct was needed.

The palace earlier said Mr. Marcos had accepted Mr. Xi’s invitation to visit China in January.

His predecessor, Rodrigo R. Duterte, led a foreign policy pivot toward China and away from the US, the Philippines’ oldest security ally.

Mr. Marcos, who took office in June, has vowed to make the Philippines a “friend to all” and “an enemy to none.”

Last month, the US announced $100 million in additional funding for the Philippine military.

At the ASEAN-US Summit, Mr. Marcos recognized the role of a quadrilateral alliance among the US, Australia, India and Japan in keeping regional security.

China, an important Philippine trade partner, has viewed the Quad as a US attempt to counter its influence in the region. Wang Yi, China’s foreign minister, has called the US-led informal grouping an “Indo-Pacific NATO.” — Kyle Aristophere T. Atienza

Kamala Harris, Marcos to discuss Taiwan — envoy

REUTERS/CAROLINE CHIA

TENSIONS over Taiwan are expected to be on the agenda when US Vice- President Kamala Harris meets Philippine President Ferdinand Marcos, Jr. next week, Manila’s ambassador to Washington said on Thursday. 

“I’m sure they will touch on the Taiwan situation,” Ambassador Jose Manuel Romualdez told Reuters by telephone, adding that the Philippines wants to play a role in peaceful co-existence between the United States and China.  

Ms. Harris is likely to give Marcos a “fairly good briefing” on the three-hour meeting between US President Joseph R. Biden and Chinese President Xi Jinping on the sidelines of this weeks summit of the G20 group of countries in Indonesia, Romualdez said.  

Beijing has long said it would bring the self-governed island of Taiwan, which it views as an inalienable part of China, under its control and has not ruled out the use of force to do so. It has frequently accused the United States in recent years of encouraging Taiwan independence.  

“What happens in Taiwan, it will affect the entire ASEAN region. If there is a conflict that happens in Taiwan, nobody is going to be spared,” Mr. Romualdez said. “The Philippines is part of this whole equation”.  

Ms. Harris’ trip marks her second to Asia in three months and the first to the Philippines.  

It will include a stop on the islands of Palawan on the edge of the disputed South China Sea, in a move that may be interpreted by Beijing as a rebuke.  

Beijing claims some territories in the waters off Palawan and much of the South China Sea, citing their own historical maps. A 2016 international arbitration ruling, however, said the Chinese claims had no legal basis, in a victory for Manila that has yet to be enforced.  

Ms. Harris is the highest-ranking US official to visit the Southeast Asian nation since it elected Mr. Marcos, the son of the late strongman who Washington helped to flee into exile in Hawaii during a February 1986 “People Power” uprising.  

In August, Secretary of State Antony Blinken met with Mr. Marcos to affirm US commitment to the defense of the Philippines, its long-time treaty ally.  

“All of these visits are clearly an indication of how serious they see our relationship with the United States as more important than ever because of what’s happening in this side of the world,” Mr. Romualdez said.Karen Lema/Reuters

Ejercito appeals to restore slashed budget for 2 rail transport projects  

JICA

SENATOR Joseph Victor JVG. Ejercito has asked Congress to restore the slashed allocation in the 2023 budget for the North-South Commuter Railway System and the first phase of the Metro Manila Subway System, noting that the funds are necessary for right-of-way acquisition and value-added tax payments.  

“If ever there are budget cuts, definitely, the right of way acquisition will be affected that means, if there are delays in the right of way and relocation of utilities, definitely, the construction and civil works will also stop,” the senator said in a mix of English and Filipino in a statement on Thursday.  

“I appeal to my colleagues to restore the budget that was cut almost half,he added.  

Mr. Ejercito noted that under the Senates version of the budget bill, around P69 billion was removed from the unprogrammed appropriations, initially allocated to pay for ongoing contracts of the railway system and subway systems contractors. 

The House of Representativescounterpart bill, on the other hand, cut the proposed budget for the commuter railway system by around P40 billion, while about P10 billion was slashed from the subway system. 

The senator noted that the decrease will likely affect scheduling and increase financial charges.   

The North-South Commuter Railway System is co-financed by the Japan International Cooperation Agency (JICA) and the Asian Development Bank. The Metro Manila Subway System phase 1 is also under Japans official development assistance loans through JICA.   

Senator Mary Grace S. Poe-Llamanzares, during an earlier session, agreed with Mr. Ejercito, noting that the budget reduction may delay the countrys railway projects by about a year.   

We keep doing this for all of our projects. This is not new. We need to be able to see what the priorities are and hopefully, this is one of them,she said. Alyssa Nicole O. Tan