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Ramon Magsaysay award-winning journalists say ‘audience is not dumb’

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By Bronte H. Lacsamana

During a time where disinformation takes the form of fake news and fills traditional and social media channels with an array of conflicting accounts, the truth may be difficult to seek out. However, as an Indonesian documentary group has discovered over a decade into their operations, the general public is not as dumb as imagined by many.

“A combination of journalistic content with good cinematography can be an attraction for the audience, so documentaries can have impact and influence,” said Dandhy Laksono, co-founder of Watchdoc, an independent media production company founded in 2009. “We found that content on YouTube doesn’t have to be short and light to be watched.”

As a recipient of the 2021 Ramon Magsaysay Award for emerging leadership, the group gave a lecture in November about truth crusading in the era of fake news.

With more than 150 film titles made since their founding, Watchdoc is one of the shining examples of perseverance amidst the discouraging reality of rampant disinformation. Its business model, for example, balances both commercial work and advocacy work.

“We are a private and commercial company so we can maintain sustainability and not an NGO (non-government organization) that depends on donors [and] writes proposals for every film,” shared Mr. Laksono. “If commercial work is at odds with our advocacy work, then we will choose to prioritize advocacy agenda.”

He added that they named this the “suicide business model” due to the eventuality of limited profit opportunities from certain sectors or clients in conflict with advocacies.

For now, this approach has worked, with eight Watchdoc documentaries having each attracted more than a million views. One of them has over 35 million — an exposé on coal mining in Indonesia titled Sexy Killers.

THE WAR FOR TRUTH

Aside from the subject matter of many Watchdoc films being issues in less-covered regions, the group also organizes community screenings where audiences engage in discussions afterwards.

Cecilia “Cheche” L. Lazaro, a Filipino broadcast journalist and trustee of the Manila-based Ramon Magsaysay Award Foundation (RMAF), lauded this effort to go beyond urban cities to reach far-flung communities.

“Media content is usually metro-centric and the provinces and small areas where most of the social issues are happening are hardly touched,” she explained, likening Indonesia’s situation to the Philippines’. “Studies show that community press and radios are still preferred in the provinces because of lack of electricity and access to the internet.”

In Indonesia, the elites and political parties also interfere with traditional media, making an independent approach necessary, according to Mr. Laksono.

Ravish Kumar, who received the 2019 Ramon Magsaysay Award as the senior executive director of the New Delhi Television Network, shared that the war for truth was not much easier in India.

“It’s very tough to bring people into another reality because they are constantly being taught or filled with the ideas or agenda of the state. It’s not easy,” he said. “If you go closer to them with the facts, with the truth, they get shocked. Making them realize is not easy and it cannot be done only by plainly giving them information.”

A REVOLUTIONARY ACT

He cited the recent Nobel Prize win of Rappler founder Maria A. Ressa as a beacon of hope for journalists and truth-seekers everywhere.

“This is a fight we have to keep fighting even at the cost of being marginalized, being displaced, being thrown out of this profession,” Mr. Kumar said.

Kara Patria C. David, a journalist, television host, and award-winning I-Witness documentarist agreed that stories that matter must be fought for, so as not to undermine the public who can be an intelligent and discerning audience if given truthful content.

“Market taste should not be dictated by advertisers,” she reiterated, in agreement with Mr. Laksono’s guiding motto in leading Watchdoc. “It is shaped and should be shaped by the content producers themselves, who can make the truth palatable to audiences.”

An analogy the panelists shared was cooking vegetables. Despite being healthy, people might not be enticed to eat them — unless they are cooked and presented beautifully.

Quoting George Orwell, Ms. David stressed the necessity of taking on this challenge: “In a time of deceit, telling the truth is a revolutionary act.”

The Ramon Magsaysay Award has been given out annually since 1957, to a total of 340 people and organizations that have shown “selfless service to the peoples of Asia,” according to its website.

Pacquiao says plans to improve export of Filipino brands if elected

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PRESIDENTIAL ASPIRANT and Senator Emmanuel “Manny” D. Pacquiao, Sr. plans to increase the export of Filipino brands and broaden the selection of locally manufactured products if he is elected next year.

During a forum by the Chamber of Commerce of the Philippine Islands’ (CCPI) on Friday, Mr. Pacquiao said that he hopes to see Philippine brands supply the globe by promoting local products both domestically and internationally, adding that imports should be lessened.

The Philippines should be known for its own brand, he said, which he believed was possible given the large number of experts in the country; however, the problem is that the skilled are being pirated by other countries, he said.

“Corruption is still the root cause,” he said, noting that if there is no corruption, these Filipinos would not have left because the country would have thrived.

The forum discussed the CCPI’s Economic Compass Pillars 5 (EComP5) which includes industries and businesses as its second pillar, and global competitiveness as its goal.

The presidential aspirant supported the CCPI’s plans, which intended to prioritize locally owned companies and brands over foreign businesses and imports. It also aims to expand Filipino equity and ownership, as well as better connect the country’s islands.

Mr. Pacquiao also said that he seeks to support businesses to strengthen employment.

“The focus should not be centered only on large businesses, but also the micro-, small- and medium-sized businesses,” he said in Filipino. “The governments should look at businesses equally, with no favoritism.”

By strengthening smaller businesses, he added, those without a college diploma will have more chances of employment with less risk of discrimination.

The presidential aspirant said that he would ensure “everyone will have jobs or sustainable income and livelihood” while being assured of meals three times a day.

Also at the same forum, Mr. Pacquiao said that if he wins, he will not be bullied by China amid the West Philippine Sea disputes. His aim is to have a proper dialogue to resolve all the problems regarding China’s claims. — Alyssa Nicole O. Tan

DFA prepares to evacuate Filipinos in Ethiopia as internal conflict intensifies

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THE DEPARTMENT of Foreign Affairs late on Thursday raised the alert level in Ethiopia due to the intensifying conflict within that country, and as a result will prepare to evacuate Philippine citizens.

“Alert Level 4 is raised when there is large-scale internal conflict or full-blown external attack,” it said in a statement, noting the conflict ongoing in the Ethiopian state of Tigray and neighboring regions.

With the imposition of Alert Level 4, the Philippine Government will proceed with the mandatory evacuation of Filipinos in that country. The 800 Filipinos in Ethiopia are expected to restrict non-essential movements and avoid public places while preparing for evacuation.

The DFA advised all Filipinos not to travel to Ethiopia at this time.

Filipinos in Ethiopia needing assistance may contact the Philippine Embassy in Cairo, Egypt, or the Philippine Honorary Consul in Addis Ababa. — Alyssa Nicole O. Tan

Centino named new AFP chief

THE LEADER of the Philippine Army was chosen on Friday by President Rodrigo R. Duterte as the next chief of staff of the Armed Forces of the Philippines (AFP).

Malacañang confirmed the appointment of Lieutenant General Andres C. Centino as AFP chief, effective Nov. 12.

Mr. Centino would become the 57th AFP chief, replacing General Jose C. Faustino, Jr. who only served as the head of the armed forces for four months from July 2021.

Mr. Centino is a member of the Philippine Military Academy (PMA) “Maringal” Class of 1988. His term will end on February 2023 when he reaches the age of 56 which is the mandatory age of retirement.

“We are confident that Gen. Centino will continue the initiatives of his predecessors to bring lasting peace and development in the country while securing the State and upgrading our defense capability,” said Presidential Spokesperson Herminio “Harry” L. Roque, Jr. to reporters.

Meanwhile, the AFP said in a separate statement that Mr. Centino has “immense knowledge and experience” in leading the country’s troops and that this will make him a competent leader for the armed forces’ mission and response to the coronavirus pandemic.

His appointment comes after Mr. Duterte chose Police Lieutenant General Dionardo B. Carlos, who is from the same PMA class as Mr. Centino, as the chief of the Philippine National Police on Nov. 10. — Russell Louis C. Ku

EU Ambassador to visit Mindanao for project collaboration

THE EUROPEAN Union (EU) Ambassador will visit Central and Northern Mindanao from Nov. 15 to 19 to collaborate with the locals on development and humanitarian projects.

On Nov. 15, together with the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), the EU delegation will launch the five-year P1.5-billion Support to Bangsamoro Transition (SUBATRA) Program.

The SUBATRA program seeks to help BARMM lay the foundation for lasting peace and development in the region by strengthening democratic governance during the transformation of the Moro Islamic Liberation Front camps into peaceful and productive communities.

The visit will reaffirm the commitment of the EU in the peace process and development in Mindanao through an inclusive and comprehensive approach, said Ambassador Luc Véron in a statement released on Friday.

The EU will also provide P1.4 billion to improve the social cohesion and resiliency of BARMM’s communities through the Peace and Development in the BARMM program. The ambassador is expected to meet with the region’s officials and stakeholders to implement this.

The program aims to address the health, social and economic impact of coronavirus 2019 (COVID-19) in the region, as well as consolidate the peace in the region by supporting the new administration, the parliament, the judicial system, and civil society.

The EU will provide support to the political settlement by sending a humanitarian and human rights law expert to the International Monitoring Team which oversees the enforcement of all agreements signed by parties.

Mr. Veron will engage with partners and stakeholders of humanitarian and COVID-19 response in Cotabato City and Lanao provinces. — Alyssa Nicole O. Tan

Global group eyes green investments in PHL

THE PHILIPPINES is being considered by a private sector-led organization for a possible partnership that will quicken the country’s transition to green and renewable energy sources. 

At the 26th United Nations Climate Change Conference (COP26) held at Glasgow, Ireland, Finance Secretary Carlos Dominguez III had a discussion with Dr. Rajiv Shah, the president of the Rockefeller Foundation, which is among the pioneers of the Global Energy Alliance for People and Planet (GEAPP), on the projects the latter could support, the Department of Finance said in a statement.  

The group has pledged $10 billion meant to accelerate the implementation of clean energy projects in developing economies that are highly vulnerable to climate change. 

The GEAPP is eyeing to grow their commitment to renewable projects in emerging markets to $50 billion in five years. By 2031, it eyes to support $100 billion worth of projects. 

Mr. Dominguez, who is also chairman of the country’s Climate Change Commission (CCC), said he will relay the proposal to President Rodrigo R. Duterte. A list of “actionable” green energy initiatives can be drawn up for consideration by the GEAPP. 

The Finance chief and Mr. Shah talked about how the GEAPP can assist the decommissioning and repurposing of coal-fired power plants in Mindanao. 

The Philippines earlier teamed up with the Asian Development Bank to pilot an Energy Transition Mechanism (ETM)-supported project as the government is in the process of rehabilitating the Agus-Pulangi hydropower plant in Mindanao to improve its generating capacity. 

The Rockefeller Foundation signed a memorandum of understanding (MOU) with the ADB on designing and establishing the ETM facility. 

Once the seven hydropower plants in Agus-Pulangi see higher generating capacity, the government can proceed with its plan to gradually acquire coal-fired power plants in Mindanao and repurpose them through the ETM facility, Mr. Dominguez said. 

The Philippines accounts for only 0.3% of global carbon emissions, but as an archipelago sitting on the typhoon belt and the Pacific Ring of Fire, it is among the most vulnerable to the adverse effects of climate change. — LWTN 

Duterte says public-private collaboration needed for recovery

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PRESIDENT Rodrigo R. Duterte told world economic leaders that partnerships between the public and private sectors are necessary to address inclusion challenges brought by climate change and the coronavirus pandemic. 

“Continued public-private partnership will be crucial to ensuring comprehensive recovery,” Mr. Duterte said in his speech at the Business Advisory Council (ABAC) Dialogue of the Asia Pacific Economic Cooperation (APEC) on Thursday. “We certainly need ABAC’s support in helping those affected by the pandemic to rebuild their lives especially in the context of climate change.” 

He said private and public players may work together to improve digitization efforts in rural communities.  

Digital literacy must facilitate the inclusion of vulnerable groups in the online economy amid the pandemic, he said. “This will help increase the economic productivity of marginalized groups under the new normal.” 

He said it is necessary to “establish the necessary infrastructure and accessible, stable and affordable energy supply in remote communities” to boost ongoing digital inclusion efforts. 

He also highlighted the importance of establishing a national socio-economic development policy concept to protect workers amid the pandemic.  

“The COVID-19 pandemic has exposed the limitation of social protection programs in APEC communities,” he said.  

Mr. Duterte also urged economic leaders to support the transition of developing countries to a low-carbon economy.  

“The Philippines reiterates its goal for a scaled-up, sustainable and predictable support from developed countries,” he said. “This should be in the form of climate finance technology transfer and development capacity building.” 

“In the interest of climate change,RECOVERY we need these interventions to transition to climate smart development and adapt to and mitigate the worsening effects of climate change,” he added. — Kyle Aristophere Atienza 

More small firms now eligible for 13th month pay loan program

THE COVERAGE of a loan program aimed at helping small businesses give the 13th month pay of their employees has been expanded to include more firms, the Department of Trade and Industry (DTI) said.

Trade Secretary and Small Business Corp. (SB Corp.) Chairman Ramon M. Lopez said during the virtual ceremonial launch of the 13th month pay loan facility on Friday that the initiative now covers micro and small businesses with a maximum of 40 employees from 20 previously.

“We are increasing the facility to a maximum of 40 employees per company since for every employee, there is a budget of P12,000 to be allotted,” Mr. Lopez said.

“The facility is an assistance. However, the company will have to shoulder the other part of the 13th month pay. If there are 40 employees, the maximum amount that can borrowed by interested small businesses is about P480,000,” he added.

Robert Bastillo, SB Corp. spokesman, said the coverage of the program was expanded to give assistance to more employees and small businesses.

“When we first announced this program, the target is only 20 employees. After that, we increased the loan fund from P200 million to P500 million to accommodate more, and we also increased the maximum number of employees that can be covered from 20 to 40. We hope that by making those little adjustments, we could help more,” Mr. Bastillo said.

SB Corp., which is offering the loan facility, said it has already received 77 applications as of Nov. 12. Applications will be accepted from Nov. 2 to Dec. 7.

Of the total applications, 25 have been approved. Total loans approved have reached P5.05 million.

The loan facility has a budget of P500 million and offers loans with zero interest payable within 12 months.

Around 8,000 micro and small firms listed under the Labor department’s database of small businesses that availed of flexible working arrangements from March 16, 2020 to Oct. 15, 2021 are eligible for the loan facility. — R.M.D. Ochave

Former NEDA chiefs call on gov’t to address inequalities caused by the pandemic

THE GOVERNMENT should push for more targeted assistance to address inequalities that affect vulnerable groups, two former socio-economic planning chiefs said. 

“This big issue about increasing inequality, and a big part of that is coming from this digital divide access to schools, access to health, access to employment, access to almost everything now depends so much on access to the Internet, access to good, quality telecom facilities,” Philippine Competition Commission Chairman Arsenio M. Balisacan, who is also a former secretary of the National Economic and Development Authority, said at an online forum of the Philippine Economic Society on Friday. 

He said there should be targeted internet allowance for students that are much in need of access for virtual learning.  

Mr. Balisacan added grants to small businesses as well as focused wage subsides for contact-intensive sectors could also be looked into. 

Emmanuel F. Esguerra, another former NEDA chief who is now a professor at the Development Academy of the Philippines, recommended a national survey on Filipinos’ sentiment regarding the new normal, especially its impact on their work life. 

He noted adopting work-from-home arrangements in the long-term will impact the work-life balance of employees. 

“It (work from home) is therefore bound to cast a spotlight on existing labor laws as it already has in relation to gig economy, especially on the question of who is an employee and who deserves protection under the labor laws,” Mr. Esguerra said. — LWTN 

PNB net income down in Q3

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PHILIPPINE National Bank (PNB) recorded a lower net income in the third quarter as it set aside higher credit provisions. 

The bank’s net profit dropped 12.9% to $2.182 billion year on year in the third quarter of 2021 from $2.506 billion, based on its financial report published on Friday. 

“Our performance this quarter shows that PNB continues to be profitable despite the negative impact of the pandemic on some of our customers and the overall economy,” PNB President and Chief Executive Officer Jose Arnulfo “Wick” A. Veloso said in a statement. 

“With the recent reduction in COVID-19 cases, we are seeing a better-moving economy as the government is allowing more mobility. We continue to serve our customers and work together with the government with the goal of supporting the Philippine economy in the road to recovery,” Mr. Veloso said.  

In the first nine months of the year, PNB’s net income surged by more than six times (524%) to P24.312 billion from P3.896 billion in the same period of 2020. 

In May, the bank recognized a one-off gain of P33.6 billion from the transfer of prime real estate properties in exchange for shares of PNB Holdings Corp. 

PNB’s return on equity and assets as of end-September were at 14% and 1.8%, respectively. 

The lender’s net interest income in the third quarter rose 2.79% year on year to P8.901 billion from P8.659 billion. This was backed by higher interest earnings as interest expense declined.  

PNB’s net interest margin as of end-September was at 3.3%, slightly down from 3.6% a year earlier. 

Meanwhile, net income from service fees and commissions rose 65.7% to P1.414 billion in the July to September period from P853.146 million a year ago. 

Other income also improved 14% to P1.005 billion in the three months to September from P878.446 million in the same period of 2020. 

“[This] is mainly due to the recognition of P800-million gain on sale of certain loans,” the bank said. It was partially offset by losses from foreign exchange and lower equity in net earnings of an associate, PNB added. 

For the third quarter, PNB’s operating expenses rose 10% to P7.851 billion year on year from P7.128 billion. 

The bank’s provision for impairment losses surged 142% to P1.423 billion in the quarter from P587.426 million a year earlier. This brought PNB’s provisions for the first nine months to P20.445 billion, up 126% from P9.02 billion in the same period of 2020. 

The bank’s loans and receivables stood at P600.07 billion as of end-September. Gross non-performing loan (NPL) ratio reached 10.8%, while NPL coverage ratio was at 63.6%. 

The bank’s consolidated total assets increased 11% from year-ago levels to P1.1 trillion backed by higher loans and treasury assets.  

On the funding side, PNB’s deposit liabilities rose 16% year on year to P854.738 billion as of end-September. The expansion was mainly backed by current account, savings account deposits. 

As of end-September, PNB’s capital adequacy ratio stood at 14.3%, while common equity Tier 1 ratio was at 13.5%. Both are above minimum regulatory requirements. 

PNB closed at P20.95 on Friday, down by 45 centavos from its previous finish. — Luz Wendy T. Noble 

Security Bank profit up 71% in third quarter

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Security Bank Corp. posted higher net profit in the third quarter, even as its operating income dropped, as it significantly reduced its loan loss provisions and expenses. 

The lender’s net income rose 71% year on year to P1.715 billion in the July to September period from P1.002 billion, based on its quarterly report released on Friday. 

For the first nine months, its net income was at P4.8 billion, down from P6.7 billion last year. Return on assets and equity were at 0.95% and 5.2% at end-September, respectively. 

“We are optimistic on the improvements in the economic and health data over the past few weeks and the subsequent steps taken to open the economy,” Security Bank President & Chief Executive Officer Sanjiv Vohra said in a statement. 

“The bank is well positioned to support our clients as they recover from the pandemic impact,” Mr. Vohra said. 

Security Bank’s net interest income dropped 8.4% year on year to P6.915 billion in the third quarter from P7.55 billion. 

The lender’s other income also declined 67% to P2.214 billion in the third quarter from P6.814 billion a year earlier. This was mainly due to trading losses, which offset its higher fee income. 

This brought Security Bank’s total operating income to P9.129 billion in the third quarter, down by 36.4% year on year from P14.365 billion.  

Meanwhile, the bank’s total operating expenses in the third quarter dropped 53.8% year on year to P7.043 billion from P15.249 billion. 

Security Bank’s provisions for credit losses decreased 83.6% to P1.649 billion from P10.075 billion a year ago. For the first nine months of 2021, it set aside P4.089 billion, down by 80.5% from the P21.059 billion a year earlier. 

Gross loans slipped 1% year on year to P449 billion as of end-September. This was mainly due to the 12% decline in retail loans, which was partially offset by the 3% increase in wholesale borrowings.  

The bank’s gross non-performing loan (NPL) ratio stood at 4.15% as of end-September, while NPL reserve cover was at 91%.  

Meanwhile, total deposits inched up 20% year on year to P522 billion as of end-September, backed by the growth in low-cost savings and demand-deposit which rose by 24%, as well as the 24% rise in high-cost deposits. 

Security Bank’s capital adequacy ratio and common equity Tier 1 ratio improved to 20.1% and 19.5% as of September from 19.9% and 19%, respectively. 

Total assets stood at P699 billion as of end-September.  

The bank’s shares closed at P122 apiece on Friday, up by 50 centavos or by 0.41%. — L.W.T. Noble 

BSP eyeing cross-border payment deals with Thailand, Malaysia

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THE BANGKO SENTRAL ng Pilipinas (BSP) is also looking into forging cross-border payment agreements with Thailand and Malaysia, officials said. 

“There’s a constant communication with ASEAN (Association of Southeast Asian Nations) neighbors to also enter cross-border agreements,” Raymond O. Estioko, director of the Payment System Oversight Department of the BSP, said at the virtual Digital Pilipinas – World Fintech Festival Stage held on Friday. 

Earlier this week, the BSP and the Monetary Authority of Singapore (MAS) signed an enhanced FinTech Cooperation Agreement to facilitate payments between the Philippines and Singapore. In 2017, the central banks had an initial agreement to broaden the scope of collaboration and partnership between the BSP and MAS.  

“The upgrade of the agreement dovetails really well with the goal of ASEAN leaders to facilitate payments integration in the region, that would usher further ASEAN economic integration,” BSP Assistant Governor Edna C. Villa said. 

The new agreement signals the start of formal dialogue between BSP and MAS to link their retail electronic fund transfer systems — InstaPay for the Philippines and PayNow for Singapore. 

Mr. Estioko said they are looking into inking similar agreements with Malaysia and Thailand due to their economic transactions with the Philippines. 

“Singapore was just the first because of our strong economic relationship with them. They have that bilateral and multilateral experience as far as payments connectivity is concerned, which we can learn from,” he said. 

Ms. Villa said cross-border payment links can boost the regional economy. She added the region has also seen increasing visitor arrivals.  

“Given these, ASEAN member states have agreed to prioritize the establishment of interoperable cross-border real time payment systems which can support the increasing globalization of trade and investments as well as growing tourism and manpower mobility in the region,” she said. — LWTN