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Optimized manufacturing seen as striking balance of automation, labor

Human use computer to control the robot arms working in procuction convoyed in the smart factory industry 4.0, high tech machinery, isolated flat illustration

MANUFACTURERS need to find an optimal balance between automation and labor during the ongoing digital transformation, according to a World Economic Forum advanced manufacturing specialist.

Francisco Betti, the World Economic Forum’s head of shaping the future of advanced manufacturing and value chains, said the future of manufacturing will involve finding such a balance.

“It is all about finding the right level that will deliver the most optimal level of adaptability, flexibility, and agility,” Mr. Betti said during the second day of the BusinessWorld Virtual Economic Forum Thursday.

Mr. Betti also said companies must have the ability to combine technology with human-driven tasks and activities.

“The highest levels of flexibility and agility were achieved by those companies that were able to develop and find a new balance in automation and worker augmentation,” Mr. Betti said.

“Through digital transformation, companies are able to deliver solid results when it comes to reducing energy consumption, water consumption, material consumption, and optimizing waste management,” he added.

Mr. Betti said he has seen many companies looking into the development of a decentralized networks of manufacturing ecosystems in response to the effects of climate change.

He added that this trend can become a major opportunity for the Philippines.

“As global companies rethink their strategies, one of the opportunities for National Governments is to further strengthen and build a more attractive manufacturing sector and become one of the sources of these broader value chains,” Mr. Betti said.

Mr. Betti said companies are putting people at the center of their strategies and is one of the catalysts for their success.

“Most digital-successful companies have massively invested in upskilling and reskilling. That is one of the key drivers of success,” Mr. Betti said.

Mr. Betti added that companies need to be careful in approaching technology, as they will face the risk of overspending.

“We need to be very careful… that we don’t end up wasting resources,” Mr. Betti said.

“Technology is not a goal on its own. Technology is a tool that can help us overcome specific production and business problems,” he added.

Mr. Betti also said retraining the workforce should not be left to the hands of a single entity.

“We need governments, academia, civil society groups, and workers to work together with companies to design the next generation of upskilling and reskilling programs, specifically with an eye on the future needs of manufacturing,” Mr. Betti said.

“If you take the manufacturing ecosystem of any given nation, small- and medium-sized enterprises (SMEs) make up to 98% or 99% of the ecosystem. The large manufacturing companies are the few. What is the process through which we’re going to help SMEs to stay competitive and adopt technology to be able to train people? That is a major challenge,” he added. — Revin Mikhael D. Ochave

Legislator pushing for investigation into text scam offering fake jobs

A LEGISLATOR has called for an investigation by various government agencies into text message scams offering high-paying jobs.

Quezon City Rep. Alfred D. Vargas filed House Resolution 2378 urging the Department of Information and Communications, National Telecommunications Commission (NTC), and the National Privacy Commission (NPC) to investigate and take legal action following the proliferation of the text messages.

“There have been growing concern and reports of spam, scam, and phishing attempts through circulating text messages which have caused inconvenience and problems to telecommunications customers,” according to a copy of the resolution.

Mr. Vargas also said that these messages violate Republic Act 10173 or the Data Privacy Act and also points to the possible illegal sale of data.

He noted that the Anti-Money Laundering Council has found an increased vulnerability to financial scams during the pandemic after it recorded a 57% increase in reports of suspicious transactions in the first eight months of 2020.

The NPC has said the groups behind the text scams might belong to an international crime syndicate and called data privacy officers from telecommunication companies to a meeting to address the growing problem.

The President’s acting spokesman Karlo Alexei B. Nograles also said Monday that the messages are a “cause of concern,” but added that the NTC is investigating the matter.

Senators also said that the spam messages could hinder the government’s pandemic response by encouraging a reluctance to share personal information for contact tracing. — Russell Louis C. Ku

Peso weakens as Fed policy makers flag inflation risks

The peso weakened versus the greenback on Thursday as the minutes of the US Federal Reserve’s latest meeting showed policy makers are concerned over elevated inflation.

The local unit closed at P50.39 per dollar on Thursday, shedding five centavos from its P50.34 finish on Wednesday, based on data from the Bankers Association of the Philippines.

The peso opened Thursday’s session slightly weaker from its previous close at P50.35 per dollar. Its worst showing was at P50.545, while its intraday best was at P50.33 versus the greenback.

Dollars exchanged increased to $1.209 billion on Thursday from $909.4 million on Wednesday.

A trader said in an e-mail that the peso weakened as Fed officials flagged the possibility of continued elevated inflation.

The minutes of the Fed’s Nov. 2-3 meeting released Wednesday showed many central bankers were of the view that elevated prices could become more persistent, according to Reuters.

Based on the statement, many officials said the Fed should be prepared for a quicker tapering of asset purchases if inflation remains elevated.

Market participants also preferred the dollar over the peso following the release of data showing improvements in the US job market, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

Data from the US Labor department showed initial jobless claims dropped to 52-year low of 199,000 for the week ended Nov. 20. This is the lowest level since mid-November 1969.

For Friday, both Mr. Ricafort and the trader gave a forecast range of P50.30 to P50.50 per dollar. — L.W.T. Noble with Reuters

PHL stocks drop on profit taking, hawkish Fed

COURTESY OF PHILIPPINE STOCK EXCHANGE, INC.

PHILIPPINE SHARES closed in the red on Thursday on profit taking and as investors stayed on the sidelines on expectations that the US Federal Reserve would raise interest rates earlier than expected.

The 30-member Philippine Stock Exchange index (PSEi) went down by 49.83 points or 0.67% to end at 7,369.27. The all shares index also dropped 22.27 points or 0.56% to 3,913.27.

“Investors may have chosen to take profits off the table after the past few days of positive performance of the market,” Darren Blaine T. Pangan, trader at Timson Securities Inc., said in a Viber message.

Mr. Pangan said some Asian markets also dropped due to cautiousness following Fed officials’ hawkish comments.

Asian tech stocks rose on Thursday, following their US-listed peers, though broader gains were capped by the strength of the US dollar as investors bet on interest rates rising more quickly in the United States than other major economies, Reuters reported.

Japan’s Nikkei rose 0.8%, helped by gains in tech stocks such as Sony, which rose 1.5%, while Hong Kong’s bruised tech index snapped six sessions of losses to gain 0.85%, versus a 0.25% gain in the local benchmark.

Other share moves were more muted however. MSCI’s broadest index of Asia-Pacific shares outside Japan traded either side of flat, and was last 0.06% higher.

“Philippine shares succumbed to profit taking ahead of the US holiday and after the release of the recently published US Federal Reserve’s minutes, which showed that central bankers were open to speed up the tapering amid inflation worries,” Luis A. Limlingan, head of sales at Regina Capital Development Corp. said in a Viber message.

Minutes of the US central bank’s Nov. 2-3 policy meeting showed on Wednesday that various policy makers said they would be open to speeding up the taper of their bond-buying program if high inflation held, and move more quickly to raise interest rates.

Back home, majority of sectoral indices closed in the red on Thursday except for mining and oil, which jumped 57.58 points or 0.60% to 9,587.32; and industrials, which added 11.30 points or 0.10% to finish at 10,704.90.

Meanwhile, holding firms fell 80.59 points or 1.12% to 7,085.13; financials decreased 12.21 points or 0.75% to 1,608.80; services lost 9.70 points or 0.48% to 2,009.78; and property dropped 13.41 points or 0.39% to 3,387.68.

Value turnover decreased to P8 billion on Thursday with 1.31 billion issues switching hands from the P8.62 billion with 1.47 billion shares traded on Wednesday.

Decliners bested advancers, 126 against 62, while 51 remained unchanged. Foreigners turned sellers, posting P542.81 million in net outflows on Thursday versus the P36.98 million in net purchases seen on Wednesday.

“[Friday] being the last trading day of the week, we’ll have to see if support at 7,060 holds, otherwise, resistance may be pegged at 7,454.50,” Timson Securities’ Mr. Pangan said. — M.C. Lucenio with Reuter

Petro Gazz Angels secure third place in defeating Tuguegarao

PETRO Gazz Angels beat Tuguegarao Perlas in four sets, 25-11, 26-24, 19-25, 25-20 to win the bronze medal. -- pnvf

By John Bryan Ulanday

LIPA CITY — Vengeful Petro Gazz vented its ire on Tuguegarao Perlas with a 25-11, 26-24, 19-25, 25-20 victory to salvage the bronze medal in the inaugural Philippine National Volleyball Federation (PNVF) Champions League yesterday at the Aquamarine Recreational Center Gym here.

Reeling on a sorry five-setter loss to high school team California Precision Sports (CPS), the Angels made sure to take care of business this time behind a balanced attack led by Ria Meneses.

Ms. Meneses, a national team stalwart, scattered 19 points on 18 kills while Ces Molina (14), Grethcel Soltones (11) and Jessey De Leon (10) threw in solid help for their triumphant rebound victory.

Kath Arado provided floor coverage with 19 digs and 17 receptions while Chie Saet tallied 25 excellent sets for the wards of coach Arnold Laniog.

“All of us just really wanted to bounce back. We wanted to redeem ourselves in this match,” said Ms. Meneses as Petro Gazz ended their campaign with a 3-2 card.

Petro Gazz’s third-place finish here served as its second this year after also bagging the bronze medal in the first pro season of the Premier Volleyball League in Ilocos Norte.

The Angels once again banked on a 2-0 start and though they dropped the third frame, there was no succumbing to another collapse this time with a clincher in the fourth set.

Petro Gazz also led 2-0 against the Antipolo-based CPS the other day but ran out of steam en route to absorbing a massive upset in five thrilling sets.

Heather Anne Guino-o put up 16 markers while Mich Morente and Nicole Tiamson had 13 each for Tuguegarao Perlas, which settled for fourth place with 2-3 slate.

CPS (2-3) and Baguio (0-5) wound up at fifth and sixth, respectively, while unbeaten F2 Logistics (4-0) and Chery Tiggo (3-1) were still disputing the title at press time.

The Champions League is backed by Rebisco, Pitmaster Foundation, Inc., Top Speed, 1Pacman Partylist, Philippine Sports Commission and Philippine Olympic Committee as platinum sponsors; F2 Logistics, Asics, PLDT, MVP Sports Foundation and Mikasa as gold sponsors; and BCDA, Philippine Red Cross, Lipa City, Davis Paint and Emerald PVC Pipes, Fittings and Doors as silver sponsors with PNVF godfather, Taguig Rep. Alan Peter S. Cayetano, chairman of the Champions League, giving his full support.

PSC starts mediation process of PATAFA row

THE Philippine Sports Commission (PSC) has officially started mediation procedures to resolve the impasse between Filipino pole vault ace Ernest John “EJ” Obiena and the Philippine Athletics Track and Field Association (PATAFA) yesterday.

But both parties would have to sign the paper the PSC called “mediation submission agreement” before the process could even progress.

If Mr. Obiena and the PATAFA sign the agreement, the next step will be the appointment of a mediator like PSC Chairman William Ramirez, who has volunteered for the job.

“The role of the mediator is merely to facilitate communication, identify issues and help the parties arrive at a settlement,” said Mr. Ramirez. “My role as mediator is not to decide who is right or wrong.

“We are after a win-win solution for both sides. The goal is to preserve relationships of the disputing parties,” he added.

The agreement contains the rules to be observed, the language and where the mediation will be held.

It also stated that the issue will be resolved via arbitration should it remain unsolved within 30 calendar days from the start of the mediation.

But the PSC will do everything within its powers to put an end to the controversy that started when PATAFA accused Mr. Obiena of allegedly falsifying liquidations regarding the coach’s fee of Vitaly Petrov.

The Tokyo Olympian vehemently denied it.

Mr. Ramirez expresses his worry over both Mr. Obiena and PATAFA and hopes it will be settled soon.

“I am worried about them both. EJ is carrying this burden all alone overseas, away from family and friends. I am concerned about (PATAFA President) Mr. (Philip Ella) Juico’s health. The earlier we can sit down and talk, the earlier we can resolve this,” he said. — Joey Villar

Gabriel Jesus strike sinks PSG as Manchester City tops group

Paris St.-Germain’s Presnel Kimpembe in action with Manchester City’s Gabriel Jesus.

MANCHESTER, England — Gabriel Jesus scored a 76th-minute winner as Manchester City beat Paris Saint-Germain (PSG) (2-1) at the Etihad Stadium on Wednesday to take their place in the Champions League knockout stages as Group A winners.

PSG also advanced to the last 16 thanks to Leipzig’s win over Club Brugge, but the loss highlighted their continued problems in finding an effective way to harness their star-studded attack.

For the opening 45 minutes, City dominated playing with their usual invention and verve while PSG’s front three of Lionel Messi, Neymar and Kylian Mbappé too often watched on from afar.

It remains a major question as to whether PSG coach Mauricio Pochettino can build a team capable of winning the Champions League when his side is so lop-sided and with his three big-name forwards reluctant to work back and assist off the ball.

City has no such problems with Pep Guardiola’s well-drilled machine combining the technique and class with a high work ethic.

Iklay Gundogan hit the post in the 32nd minute and Riyad Mahrez twice went close while the most Paris managed before the interval was a breakaway which ended with Mbappé curling a shot over the bar.

Four minutes after the break, however, PSG grabbed the lead, Mbappé drilling the ball home at the back post after Messi’s cross had deflected off Kyle Walker into the French forward’s path.

City drew level when Raheem Sterling poked home after a lovely ball from Rodri had set up Walker for a trademark low cross. — Reuter

Booker scores 35 as Suns win 14th straight 120-115 over Cavaliers

DEVIN Booker scored 24 of his 35 points in the first half to propel the visiting Phoenix Suns to their 14th straight victory, courtesy of a 120-115 win over the Cleveland Cavaliers on Wednesday.

Booker made 14 of 21 shots from the floor to help the Suns match the third-longest win streak in franchise history. They sit three victories shy of equaling their franchise record, set in the 2006-2007 season.

Booker also tormented the Cavaliers in the teams’ first meeting this season. He celebrated his 25th birthday by collecting 27 points and nine assists in Phoenix’s 101-92 win on Oct. 30. That victory ignited the Suns’ current win streak.

Chris Paul recorded 17 points and 12 assists, Deandre Ayton had 16 points and nine rebounds and JaVale McGee added 13 points and 12 boards for Phoenix.

Cleveland’s Jarrett Allen collected 25 points and 11 rebounds to record his second straight double-double and seventh in nine games. Cedi Osman had 23 points, Darius Garland contributed 19 points and seven assists and Ricky Rubio added 15 points for the Cavaliers, whose skid reached a season-high five games.

Paul drained a midrange jumper to give Phoenix a 111-109 lead with 1:45 to play. Paul drew the sixth personal foul by Garland on the next possession before joining Jae Crowder in sinking a pair of free throws to run the Suns’ advantage to six points. — Reuters

PSC’s Rise Up, Shape Up honors information and media workers

THE Philippine Sports Commission (PSC) joins the celebration of UNESCO’s World Development Information Day with a special episode featuring select media workers and personalities on Saturday, Nov. 27.

PSC Commissioner Celia Kiram and the PSC recognize that information and effective dissemination are vital to improving the day-to-day lives of Filipinos.

“Factual information is very important now and always, especially now that we are in a global health crisis. We want to honor the people doing a great job in disseminating information with integrity and reliability,” Ms. Kiram said.

In this episode, PSC’s Rise Up, Shape Up goes on a hike to Mt. Batolusong, also known as Mt. Susong Dalaga, in Jalajala, Rizal with influencers Renz Marcelino and Aliyah Bianca Dio, film director Enzo Manago, news correspond-ent Jasmine Payo, and sports and features correspondent Pauline Verzosa.

“We are grateful for the cooperation and partnership extended to us by friends in the information and media industry.” Ms. Kiram explain. She adds that the upcoming episode will also demonstrate how a mindful walk in nature can be beneficial for the fitness of the body and mind.

“From the onset, this web series aimed to spread awareness of how sports and physical activities can uplift physical, mental, emotional, and social wellness. This web series can reach Filipinos nationwide and encourage them to engage in sports and physical activities through the help of effective information dissemination,” Ms. Kiram remarks. She will also discuss a brief history of trekking in “K-Isport” segment.

The episode will also present tips and benefits of mindful walking to be discussed by Eileen Tupaz, a mindfulness advocate, meditation teacher, and co-founder of WhiteSpace Mind and Body Wellness Studio.

Australia considers diplomatic boycott of Beijing Winter Olympics

SYDNEY — Australia is considering not sending any government officials to the Winter Olympics to be held in Beijing next year amid growing calls from lawmakers for an official diplomatic boycott, the Sydney Morning Herald said in a report on Thursday.

Australian politicians from the ruling Liberal-National coalition and the opposition Labor party are urging the federal government to boycott the event, which will be held in February, the newspaper reported without citing a source.

A diplomatic boycott would involve not sending a delegation of officials, but allowing athletes to participate.

“A decision on (Australia’s) representation at the Beijing Winter Olympics is yet to be made,” a spokesperson for Sports Minister Richard Colbeck said in an e-mailed response. Australia’s foreign affairs department did not re-spond to a request seeking comment.

President Joseph R. Biden, Jr. last week said the United States is considering a diplomatic boycott of the Olympics, a move that would be aimed at protesting China’s human rights record, including what Washington says is geno-cide against minority Muslims.

Britain has not yet made any decision on who will represent its government at the Olympics but Prime Minister Boris Johnson does not support the idea of boycotts, said his spokesman earlier this week.

The Australian government is awaiting the decision by the Biden administration before it makes a call on a diplomatic boycott, the report in the Sydney Morning Herald said.

Both the United States and Britain are close allies of Australia and the countries in September entered into a security partnership to help Australia build nuclear submarines. The trilateral deal riled China, the major rising power in the Indo-Pacific region.

Australia’s relationship with China, its largest trading partner, soured after it banned Huawei Technologies Co. Ltd from its 5G broadband network in 2018 and called for an independent investigation into the origins of corona-virus disease 2019 (COVID-19). Beijing responded by imposing tariffs on several Australian commodities. — Reuters

Rams, league settle lawsuit over team’s relocation for $790 million

THE city and county of St. Louis and other parties have agreed to settle for $790 million a dispute over whether the NFL violated its relocation guidelines when it allowed the Rams to move to Los Angeles in 2016.

The settlement agreement was reached with Rams owner Stan Kroenke and the National Football League (NFL), the city said in a statement on Wednesday.

NFL owners voted overwhelmingly to permit the move in 2016, ending the league’s 21-year absence in the United States’ second-largest TV market.

The relocation, however, broke the hearts of Midwest football fans who followed the team since it moved to St. Louis in 1995.

“This historic agreement closes a long chapter for our region, securing hundreds of millions of dollars for our communities while avoiding the uncertainty of the trial and appellate process,” Mayor Tishaura O. Jones said in a statement.

The city had argued in a civil lawsuit that the loss of the Rams hurt the region and benefited the league and its owners, who received a $550-million relocation fee.

An NFL spokesman confirmed the agreement and said “we appreciate the effort by all parties to reach a settlement and thank Judge Jack Garvey for his service as mediator.”

The Rams did not immediately respond to a request for comment.

The team, which won the Super Bowl while playing for St. Louis in 2000, shares the $5-billion SoFi Stadium in Inglewood, California, with the Los Angeles Chargers — who previously played in San Diego.

The facility, the first new football stadium built for Los Angeles in nearly a century, opened a year ago. — Reuters

COVID injury

Aaron Rodgers was businesslike in his virtual press conference following the Packers’ loss to the host Vikings over the weekend. Needless to say, much of the talk in the post-mortem focused on his injured left pinky toe, and not simply because it was aggravated by incidental contact in the first half of the close contest. He left early to have it treated, and whatever was done in the locker room must have helped tremendously; he was close to perfect in the final two quarters, going for touchdown passes in each of four drives covering at least 74 yards.

So good was Rodgers that the outcome of the set-to could well have been different were the timing more favorable; his last push knotted the score at 31 heading into the two-minute warning, with only a game-ending field goal by the Vikings clipping the rally short. In any case, he was prepared for inquiries from scribes on the state of his toe. In large measure, he anticipated the interest after he himself referred to it in an appearance on The Pat McAfee Show the pre-vious week as a “COVID injury.” And he was ready with his reply.

Interestingly, Rodgers moved to quash speculation borne of his statement uttered in a light-hearted moment by showing his left foot on camera. He went about proving that it did not suffer from the discoloration said to be a symptom of “COVID toes.” Why it would be significant for him to go through such lengths to disabuse fans of news he fueled is subject to debate. He even sought an apology from The Wall Street Journal for previously reporting on it, never mind that he made a mistake as to who crafted the article; he called out former The Athletic scribe Molly Knight and not actual writer Andrew Beaton.

That said, any information on Rodgers, and especially when it comes to the virus, will continue to be media fodder. And, bottom line, the reigning league Most Valuable Player need just look in the mirror to find who to blame. After all, he misled the public with his declaration that he is “immunized” from COVID-19 despite being unvaccinated. Is his intent to keep deliberately fudging the facts, if for no other reason than to give all and sundry the finger? Who knows? Meanwhile, there’s no question on his impact on the field, COVID toes or no.

 

ANTHONY L. CUAYCONG has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and Human Resources management, corporate communications, and business development