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BoI approves P548.7-M irradiation facility for produce

THE BOARD of Investments (BoI) has approved a P548.7-million project of Irradiation Solutions, Inc. (ISI) for an irradiation facility in Tanay, Rizal, serving the farm produce sector.

The company qualified for incentives as a new operator of essential services under Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act and the 2020 Investment Priorities Plan as a qualified operator of an activity that will help ease the impact of the pandemic.

The BoI said in a statement Monday that the facility will use electron-beam technology to irradiate produce. It is expected to begin operations by June 2023 and employ up to 43 staff.  

“The target customers and clients of this project will importers, exporters and traders. The project will earn its revenue through irradiation treatment fees (on the basis of) pesos per dry weight depending on (the) required dose on kilogray units,” the BoI said.

ISI’s facility has a capacity of 25,000 metric tons (MT) annually, and is set to augment the country’s electron-beam irradiation capacity. 

“At present, the only electron-beam irradiation facility of the country is owned/operated by the Department of Science and Technology-Philippine Nuclear Research Institute (DoST-PNRI) with a maximum annual capacity of only around 440 MT,” the BoI said.  

According to the BoI, irradiation is a processing and preservation method that exposes food and other products to ionizing radiation such as gamma rays, x-rays, or accelerated electrons from electron beam machines.

It added that products undergoing irradiation do not become radioactive due to low energy levels used.

“This technology is responsible for the reduction of microbes or decontamination (among spices, herbs, cosmetic raw materials), quarantine treatment (fruits and vegetables), elimination of pathogens (frozen/chilled meat), sprout inhibition (onions, garlic, potatoes) and sterilization (in medical devices, packaging, bone grafts),” BoI said.  

“One advantage of this technology is that products can be treated in its final package form; hence, the products will no longer be opened in the facility before and after the irradiation treatment,” it added.

BoI Managing Head Ceferino S. Rodolfo said the project is compliant with the government’s pandemic response, particularly in creating food resilience by adopting technology to limit postharvest losses and prolonging the shelf life of agricultural products.  

“It will also promote much-needed additional economic activity throughout the agriculture value chain through increased quality of production as well as enabling local products to be of export quality and thus be able to access wider international markets,” Mr. Rodolfo said. — Revin Mikhael D. Ochave 

Consumer protection laws seen in need of reform for online era

BW FILE PHOTO

THE PHILIPPINES needs to reform its consumer protection laws in order to offer better protections during the pandemic, according to an ASEAN panel studying individual countries’ regulations.

David Kintanar Rosario, a country expert on the ASEAN peer review team, said in a virtual briefing Monday that the pandemic fast-tracked the shift to a digital economy, where protections need to be upgraded.

“Entering 2020, no one could have foreseen that the world would be in a standstill… there have to be rules and regulations to specifically protect consumers in these online markets,” Mr. Rosario said.

“The rise in online transactions has also led to an increase in unregistered sellers. Unregistered sellers are not only problematic… because (they call) into question the legitimacy of buying and selling online,” he added.

According to the Department of Trade and Industry (DTI), the Philippines is the first country in ASEAN that volunteered to undergo a peer review on consumer protection.

The peer review team had representatives from Malaysia, Vietnam and the ASEAN Secretariat, with support from the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH, and regional and country experts.

Mr. Rosario said redundancy in regulatory authority needs to be cleared up.

“You cannot have different government agencies investigating the same item. It may need to be streamlined to promote better efficiency,” Mr. Rosario said.

Anthony A. Abad, a country expert of the peer review team, called for a review of Republic Act No. 7394 or the Consumer Act and other laws in order to upgrade consumer protection.  

Mr. Abad added that rules governing product inspection and warranties are needed.

“A large portion of transactions are in digital form. Digital transactions should not be outside the purview of existing law. It must not be outside of the reach of regulators,” Mr. Abad said.   

Trade Secretary Ramon M. Lopez said the DTI is addressing the changing environment.

“Being the first country in ASEAN to have volunteered to undergo this peer review, the Philippines and the Filipino consumer stand to benefit from the enforcement of high-level principles on consumer protection. — Revin Mikhael D. Ochave

Alsons Power says 14.5-MW hydro plant ‘on track’

ALSONS POWER Group said its 14.5-megawatt (MW) Siguil hydroelectric power plant in Maasim, Sarangani is on track to begin commercial operations next year, noting that construction has proceeded on schedule.

In a statement Monday, Alsons Power said that it is currently developing the P14.5-billion run-of-river project’s power house which will contain the hydropower turbine, generator set, control room, and offices for administration, operations and maintenance.

The Siguil hydro plant intends to supply clean power to “key areas” in the South.

Alsons Power, Mindanao’s first private-sector power generator, operates four power generation facilities with a total capacity of 468 MW.

The group plans to develop at least seven more run-of-river hydro projects in the region.

Alsons Power is an arm of the Alcantara Group and the listed Alsons Consolidated Resources, Inc. — Angelica Y. Yang

Storm ‘Maring’ agricultural losses hit P2.14B  

AGRICULTURAL LOSSES caused by severe tropical storm Maring (international name: Kompasu) increased to P2.14 billion from the prior estimate of P1.87 billion, according to the Department of Agriculture (DA).

The DA said in a bulletin early Monday that Maring affected 76,442 farmers and fisherfolk and 85,744 hectares of agricultural land in the Cordillera Administrative Region, Ilocos Region, Cagayan Valley, Central Luzon, Mimaropa, Bicol Region, the Western Visayas, and Soccsksargen.

Maring also caused the loss of 101,818 metric tons (MT) worth of output of rice, corn, high-value crops, livestock, poultry, and fisheries. Losses and damage were also reported by irrigation and agricultural facilities.

Rice losses were valued at P1.5 billion across 74,460 hectares of farmland. The lost volume estimate was 83,719 MT.

Damage to high-value crops was P199.4 million, including 9,200 MT of assorted vegetables and fruit trees. Some 2,689 hectares of agricultural land were affected.

Corn losses totaled P148.2 million, or 8,899 MT in volume terms across 8,595 hectares of farmland.

Fisheries damage amounted to P110.1 million while livestock and poultry losses were estimated at P84.8 million.

Damage to irrigation and agricultural facilities totaled P140.6 million, including diversion dams, small water irrigation projects, communal irrigation systems, check dams, nurseries, demo farms, and farm to market roads.  — Revin Mikhael D. Ochave

Ease of Business Registration amidst the Pandemic

The IATF adjusted the COVID-19 alert levels of certain areas such as that of the National Capital Region, where the alert level is now at 3. Through a resolution, the authorities relaxed quarantine restrictions over the coming days to provide more mobility to people in certain trades. According to the 2021 Asian Development Outlook update, the Philippine economy is recovering and rebounding at a growth rate of 11.8% from the second quarter due to the government’s expansionary fiscal policy, which it resorted to in order to fund the pandemic response, vaccination, and infrastructure projects. From these economic indicators, businesses and investors may expect that the Philippines to get back on track soon.

The government needs to attract investors to the Philippines, and one handy tool for doing so is the Ease of Doing Business Act. As such, government agencies and some Local Government Units (LGUs) are currently introducing virtual registration processes for new businesses. The Securities and Exchange Commission (SEC) has online portals which corporations, partnerships, and other entities can use to register in various platforms such as the Company Registration System (CRS) for foreign corporations and partnerships and the Electronic Simplified Processing of Application for Registration of Company (ESPARC) for domestic stock and non-stock corporations, as well as One Person Corporations. These registration pathways offer electronic application platforms in which applicants can provide company information and upload documents. These platforms generate simplified Articles of Incorporation, By-Laws, cover letters, and licenses to do business in the Philippines. Payments can be made online through another platform created by the SEC. A sole proprietor the person may register business names online through the Department of Trade and Industry’s (DTI) New Business Registration System, which processes applications, payments, and certifications.

Within 30 days of registration, the new business entity must register and secure a Tax Identification Number (TIN) from the Bureau of Internal Revenue (BIR). The BIR has introduced “NewBizReg,” an alternative option in which applicants can submit the scanned copies of documents online through BIR e-mail addresses for registration and which requires the same documents for onsite registration. By attaching the BIR application form, SEC or DTI documents, tax type questionnaire, sample receipts and invoices, and other required documents through the e-mail address that the BIR may provide, the application for registration of a newly established business may be processed online through e-mail. There is a registration fee and documentary stamp taxes to be paid. Thereafter, a Certificate of Registration may be secured.

At the local government level, some cities and municipalities are now considering online applications, including Quezon City through its QC-eServices, Manila through GoManila, San Juan City through Makabagong San Juan, and other LGUs which use similar virtual platforms. The required documents for registration may vary for each LGU. It is recommended to visit your LGU office for the list of requirements and forms, including how much business tax and permit fees need to be paid. The initial business tax for new entities is usually tied to the level of capitalization. In various revenue ordinances, the rate of initial business tax and permit fees in various cities and municipalities may be different. This is due to the decentralization and autonomy of LGUs in the Philippines.

Despite varying requirements and procedures, the Department of Interior and Local Government (DILG) encourages the public to note the LGU’s compliance with the Ease of Doing Business Act in registering businesses. To comply with these guidelines, most LGUs have introduced the Business One-Stop System (BOSS) in order to streamline the requirements and procedures for registration and other local service needs.

Despite the effects of the pandemic, the economy is poised to bounce back. The authorities continue to find solutions and improve procedures to provide the private sector an environment that fosters improved trade, opportunities for growth, and returns on investment. As the Philippine Constitution provides: “The State recognizes the indispensable role of the private sector, encourages private enterprise, and provides incentives to needed investments.” The government is improving policies to encourage the private sector to establish businesses for trade and employment and usher in investment to grow the economy. We are still feeling the effects of the pandemic but as long as we find new solutions and continue to see improvement, we making progress and may soon be back on track.

Let’s Talk Tax is a weekly newspaper column of P&A Grant Thornton that aims to keep the public informed of various developments in taxation. This article is not intended to be a substitute for competent professional advice. 

 

Mark Ebenezer A. Bernardo is an associate of Tax Advisory & Compliance division of P&A Grant Thornton, the Philippine member firm of Grant Thornton International Ltd.

pagrantthornton@ph.gt.com

Making it to the finals only half of the battle, say Tropang Giga

“WE are relieved to have moved past San Miguel. But there’s also the feeling of, you know, that we are still far from over, that the job is only half done,” said TnT Tropang Giga coach Chot Reyes after they secured the last PBA Philippine Cup finals berth on Sunday. — PBA IMAGES

By Michael Angelo S. Murillo, Senior Reporter

WHILE they are happy to be back in the Philippine Basketball Association (PBA) finals, the TnT Tropang Giga recognize that it is only half of the battle and that there is still work to be done to realize their championship goals.

The Tropang Giga secured the last PBA Philippine Cup finals ticket on Sunday after defeating the San Miguel Beermen, 97-79, in their Game Seven semifinal rubber match at the Don Honorio Ventura State University (DHVSU) Gym in Bacolor, Pampanga.

With great resolve, TnT bucked early struggles and when it got its collective groove was just not to be stopped in its push for a finals berth.

It was a total team effort on both ends for the Tropang Giga in the Game Seven win, led by Roger Pogoy, who shot his way out of a slump in the previous game to tally 27 points on 10-of-19 shooting.

Rookie Mikey Williams also stepped up big for his team, chalking up all-around numbers of 20 points, eight rebounds and six assists while big men Troy Rosario and Kelly Williams had double-doubles of 12 points and 12 rebounds and 11 and 10, respectively.

With the finals berth in the bag, TnT is now focusing on the next phase of completing the goals it has set at the start of the season.

“We’re fortunate to be back in the finals,” said TnT coach Chot Reyes, whose wards were a losing finalist in last year’s Philippine Cup finals although under the stewardship of another coach.

“Well, we’re happy, but we know that there’s still a huge job in front of us,” he added.

Waiting for TnT in the finals are the equally motivated Magnolia Pambansang Manok Hotshots, who eliminated the Meralco Bolts in their own best-of-seven semifinal series, 4-2.

“We are relieved to have moved past San Miguel. But there’s also the feeling of, you know, that we are still far from over, that the job is only half done. But at least we’re here. Now, we have to figure out how to play and compete against this tough Magnolia squad,” Mr. Reyes said.

The multi-titled coach went on to say that important for them in the finals is to get better and instill that kind of mindset of not settling for where they are at the moment in their development under his watch.

“Being in the finals is great. I think that’s the objective of every coach in the league. But when I accepted the job, we’re looking at the long game. We’re trying to build a [winning] culture,” said Mr. Reyes, who made his PBA coaching return this season after a decade of being away to seek other pursuits.

TnT is seeking its eighth PBA title in franchise history and first since winning the 2015 Commissioner’s Cup.

Game One of the best-of-seven PBA Philippine Cup finals between TnT and Magnolia is set for Wednesday with the official time expected to be announced by the league on Tuesday.

The series will be played at the DHVSU Gym after the PBA reconsidered its earlier plans to bring back the action in the finals to Metro Manila after quarantine restrictions in the area were scaled down.

Chooks-to-Go Pilipinas 3×3 invitational tourney gets going in Pampanga

REPRESENTATIVES of teams seeing action in the one-day Chooks-to-Go Pilipinas 3x3 Invitational happening on Wednesday. — CHOOKS-TO-GO PILIPINAS 3X3

THE new season of the Chooks-to-Go Pilipinas 3×3 kicks off on Wednesday at the Laus Events Center in San Fernando, Pampanga.

A one-day invitational tournament, the event marks the return of the country’s first professional 3×3 league after a year of inactivity because of the prevailing conditions with the coronavirus disease 2019 (COVID-19) pandemic.

The last time the league held a tournament was in October last year at the Inspire Sports Academy in Calamba, Laguna.

The 2021 Chooks-to-Go Pilipinas 3×3 Invitational is done in partnership with TM and is still committed to promoting the domestic 3×3 basketball scene and talents.

“It’s about time 3×3 basketball returns,” said league owner Ronald Mascariñas.

“The pandemic has really affected our goal of garnering valuable FIBA 3×3 points for the country in our dream of qualifying for the 2024 Paris Olympics,” added the staunch sports supporter, whose group has been instrumental in the past years for Philippine squads to compete and earn points in FIBA-sanctioned 3×3 tournaments.

Twelve teams will see action in the tournament, namely: HeiHei Manila, Pacquiao Coffee Bacolod, BRT Sumisip Basilan, Homegrown Grains Bocaue, AMACOR Mandaluyong, RBR Cabiao Nueva Ecija, Pasig Kingpins, Adam Esli Pasay, MNL Kingpin Quezon City, Essen Immunoboost Sarangani, Zamboanga Valientes, and ARQ Builders Cebu.

International Basketball Federation (FIBA) 3×3 World Tour format will be in effect with the teams pooled in groups of three. The top two teams in each group will advance to the knockout playoffs on the same day.

Teams are allowed to tap foreign reinforcements as well.

The champion team will take home P100,000. The second and third place finishers will receive P50,000 and P20,000, respectively.

To ensure the health and safety of all participants, the league held a briefing for teams last weekend where the protocols that need to be observed and other particulars were discussed.

“We’re ready to hold the event and we have reviewed the rules of FIBA 3×3,” said league technical head Hector Villanueva.

The tournament is regulated by the Games and Amusements Board and endorsed by FIBA 3×3 as well as supported by Gatorade, Chooks!, Uling Roasters, and Adobo Connection. — Michael Angelo S. Murillo

British breakthrough as Norrie bags Indian Wells title

CAMERON Norrie (GBR) hits a shot as he defeated Nikoloz Basilashvili (GEO) in the men’s final in the BNP Paribas Open at the Indian Wells Tennis Garden. — REUTERS

CAMERON Norrie battled back to defeat Nikoloz Basilashvili (3-6, 6-4, 6-1) in the Indian Wells final on Sunday, becoming the first British man to win the Masters 1000 tournament.

It appeared an upset was in the works when the hard-hitting Basilashvili quickly took the first set, but Norrie regrouped in the second, breaking the Georgian at love to force a decider.

In the third set, the left-handed Norrie broke early and saved three break points to take a 3-0 lead as unforced errors began to pile up for Basilashvili under the lights in the Southern California desert.

Norrie sealed the biggest win of his career when Basilashvili sent a forehand long on championship point.

“What can I say? Obviously, I’m so happy. It’s my biggest title so I can’t really describe it right now,” said Norrie, who was playing in his sixth final of his breakout year.

Britain’s Andy Murray, Tim Henman and Greg Rusedski have all played in the men’s finals at Indian Wells, but finished runner-up.

The 26-year-old Norrie, born in South Africa to a Scottish father and Welsh mother, won his first ATP singles title at Mexico’s Los Cabos Open in July.

Norrie has shown steady improvement all year and expertly executed his strategy of forcing Basilashvili into long rallies in the final, giving himself the opportunity to dictate points from the baseline.

He congratulated Basilashvili on his outstanding tournament, where the 29-year-old stunned world number three Stefanos Tsitsipas in the quarterfinals and American Taylor Fritz in the semis.

“I’m sorry it went my way. You deserved it just as much as I did,” Norrie said.

“Well done to you and your team on a great week.”

Basilashvili said he was disappointed in the outcome, but looked forward to returning to the event, which is sometimes referred to as the fifth major.

The tournament was not held last year due to the coronavirus disease 2019 (COVID-19) pandemic and was pushed from March to October this year because of the global health crisis.

It will return to its regular March date on the sports calendar next year.

“I was hoping to get a title, but it’s okay,” Basilashvili said.

“I will move on and I hope that I’ll come back here in March and play better tennis.”

Norrie’s breakthrough win comes on the heels of British teenager Emma Raducanu’s stunning triumph at the US Open last month. — Reuters

Paula Badosa outworks Azarenka to win Indian Wells crown

PAULA Badosa (ESP) holds the champion trophy after defeating Victoria Azarenka (BLR) in 3 sets in the women’s final in the BNP Paribas Open at the Indian Wells Tennis Garden. — REUTERS

PAULA Badosa survived a stiff challenge from Victoria Azarenka to produce a gutsy (7-6(5), 2-6, 7-6(2)) win in an epic Indian Wells championship match on Sunday.

Azarenka was two points from winning the tournament for a third time and serving at 5-4 in the decider when her game began to unravel behind a series of uncharacteristic errors.

Badosa took advantage of the shift in momentum and held her nerve in the final tie-breaker, firing a crosscourt forehand winner on championship point and falling to the court in joy at the end of the more than three-hour battle.

The 23-year-old Badosa praised Women’s Tennis Association (WTA) Tour veteran and two-time major champion Azarenka, who she said she had admired since she was a teenager.

With the win, Badosa becomes the first Spanish woman to win the tournament in the California desert and will move to a career high world number 13 on Monday.

The tournament, which is sometimes called the fifth major, was not held last year due to the coronavirus disease 2019 (COVID-19) pandemic and was pushed back from March to October this year due to the global health crisis.

“Very well deserved match. I had a lot of fun playing out here,” Azarenka said.

The Belarusian also praised the crowd, which backed her at key moments in the match.

“Thanks to all you guys for your support. It is really special to play in front of the crowd after such a long break.

“Thank you for all your energy this week.” — Reuters

Hanoi SEA Games to take place in May

THE rescheduled 31st Southeast Asian (SEA) Games in Hanoi, Vietnam, will take place in mid-May next year. 

The news was announced by Philippine Olympic Committee (POC) President Abraham N. Tolentino on Monday after attending an online SEA Games Federation meeting among member countries.

 Mr. Tolentino said the Vietnam organizers agreed to a mid-May opening for the SEA Games, adding that for his part he suggested for the sporting meet to start on May 12.

 The Hanoi SEA Games were originally scheduled from Nov. 21 to Dec. 2 this year, but because of the uncertainty still being presented by the coronavirus disease 2019 (COVID-19) pandemic, Vietnam made the tough choice to postpone it to a later date.

 “The Vietnamese organizers will confirm the specific dates soon,” said Mr. Tolentino, also a member of the House of Representatives from the eighth district of Cavite province.

 As per initially agreed upon, there will be 40 sports, consisting of 520 events, to be played in Hanoi. It is less than the 54 in the 30th SEA Games which the Philippines hosted and topped in 2019.

 The POC submitted a 626-athlete entry by numbers for the Hanoi Games. They will compete in 39 sports.

 Mr. Tolentino said the Philippine delegation will fly to Vietnam in batches depending on the events schedules.

Among the SEA Games Federation members present at the online meeting were Major General Charouck Arirachakaran, Dr. Varin Tansuphasiri, Professor Charoen Wattanasin, Dato Seri Chaiyapak Siriwat and Thana Chaiprasit of Thailand, Dato Norza Zakaria and Dato Nazifudin of Malaysia, Ferry Kono of Indonesia, Chris Chan of Singapore and Tran Van Manh of Vietnam. — MASM

Chicago Sky rally to beat Phoenix Mercury, 80-74, to claim the franchise’s first championship

THE Chicago Sky came from behind to beat the Phoenix Mercury (80-74) and win the best-of-five finals series 3-1 on Sunday, earning the franchise its first championship.

The Mercury looked poised to force a Game Five when they took a 14-point lead late in the third quarter, but the Sky came roaring back, tying the game at 72 in the fourth quarter on a wide open three pointer by Candace Parker.

The Sky took a lead they would not relinquish on back-to-back buckets by Stefanie Dolson and played lockdown defense on the final Mercury possessions to win the title and send the sold-out Chicago crowd into a frenzy.

Allie Quigley scored 26 points and fellow guard and wife Courtney Vandersloot came one rebound away from a triple-double as the Sky won behind a balanced attack they have been riding all postseason. “I’m so proud of this group,” said Parker, who finished with 16 points, 13 rebounds and four steals to win her second championship.

“So proud of our fight, of our next man up mentality. Stef coming in and having those two layups, Sloot doing what she’s done all year. Allie too. It’s amazing.

“We’ve got the whole city here. It’s amazing how Chicago supports us. We’re champions for life now.”

The Mercury, who were blown out in Game Three, were much better through the first three quarters.

The visitors finished the first half on a 9-0 run to take a 44-37 lead into the break and led 63-54 at the end of the third quarter behind dominant post play by Brittney Griner, who finished with a game high 28 points.

But the fourth quarter belonged to the Sky, who outscored the Mercury 26-11 in the final period to bring the trophy to Chicago. — Reuters

Robinsons holds biking fun ride

ROBINSONS Malls is expanding its initiatives for an active and healthy lifestyle with a biking fun ride set for Oct. 24.

UNDERSCORING its push to promote an active and healthy lifestyle, Robinsons Malls is expanding its initiatives geared towards that with a biking fun ride set for this weekend.

Done in partnership with the National Bike Organization (NBO), the fun ride builds on the success of the Robinsons Place Manila Bike Tour in July and seeks to show the health and wellness benefits of biking as well as encourage people to pick up the activity as an eco-friendly alternative mode of transportation.

The new edition of the fun ride, happening on Sunday, Oct. 24, starts at Robinsons Metro East along Marikina-Infanta Highway in Pasig City at exactly 6 a.m., through the slopes of the Sierra Madre Mountain Range, and ends at Robinsons Place Antipolo in Rizal.

Assembly is at Robinsons Metro East’s East Deck, which is located at the sixth-floor roof deck of the mall.

The fun ride is an extension of the various initiatives of Robinsons Malls with NBO, which include regular biking lessons at Robinsons Place Manila, Robinsons Magnolia, and Robinsons Metro East as well as the launch of self-service bike repair stations.

For more information on the biking fun ride and various initiatives of Robinsons Malls and NBO, check out the Robinsons Mall Facebook page and nationalbicycle.org.ph. — Michael Angelo S. Murillo