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Quick fix cooking keeps things simple

MAMASITAS.COM

A LOT of Filipino households depend on quick fixes for their favorite Filipino dishes. This is especially true for the many Filipinos who live abroad, who do not always have the luxury of having ingredients to familiar recipes at hand.

One of these dishes is palabok – a noodle dish, covered in a sauce of shrimp stock and pork, which for many people is a source of fond memories of parties and family dinners.

The Mama Sita Foundation joined forces with the Philippine Consulate in Toronto, Canada on a cooking demonstration to show expat Pinoys how to make palabok (with the help of Mama Sita products).

The Philippine Ambassador to Canada Rodolfo Robles, opened the first episode last month by saying, “We hope that this combination of technology and culture will happily deepen the encounter between Filipino food and the people encountering our culinary flavors and our country… I am happy that this program will promote culinary heritage and a better understanding of the Philippines and its people.”

The cooking demo by Nina Daza-Puyat — editor, food columnist, and daughter of late Filipino grande dame of cuisine Nora Daza — was the third and last installment of a series of webinars called Mama Sita’s “Mga Kuwentong Pagkain: Filipino Food Online Cook Along,” which was held on Zoom on Aug. 21. Previous episodes included segments about rice, and heritage food.

Ms. Daza-Puyat began by introducing her mother’s cookbook, Let’s Cook with Nora, a guide for many Filipinos starting their journeys in the kitchen. It was first published in the 1960s, with a reissue 50 years later. She said that when she edited her mother’s book, she added some ingredients that were previously not accessible to Filipinos at that time; as well as providing more detailed cooking procedures.

She shared her mother’s recipe for Pancit Palabok, along with a few twists of her own (but also using a Mama Sita quick fix annatto — achuete – powder). She then demonstrated a second palabok recipe using Mama Sita’s Palabox sauce mix.

She fried garlic in oil, and then, when the garlic was crispy, she strained that and reused the oil, now infused with the flavor of garlic. The garlic was to be used for the topping later. She sautéed onions, then some ground pork, and then added shrimp stock and annatto powder. The shrimp stock was an extra step, which she says one can do a day before preparing the palabok. She toasted some shrimp heads and shells in oil (a technique she learned from chef Reggie Aspiras), to remove the fishy smell and to make the stock more expressive. She topped that with six cups of water, and let it reduce by about half. This she added to the sauté, along with some chicharon (pork crackling) and tinapa (smoked fish) flakes; after which she let it simmer and reduce, and thickened it with cornstarch.

As one would expect, making the palabok sauce using the Mama Sita mix was a lot more straightforward. She made more garlic oil, adding the annatto powder to it; then poured in the Mama Sita mix, dissolved in water. This she simmered for a few minutes; after which she assembled the palabok, with generous toppings of pork, shrimp, chicharon, tinapa, tofu, the fried garlic, hard-boiled eggs, and spring onions.

“Be generous with the sauce —  remember, the noodles are bland,” she reminded the viewers.

“It’s like a surf-and-turf pancit.”

This episode, along with the rest of the series, can be viewed on the Kusina ni Mama Sita YouTube channel, https://www.youtube.com/channel/UCvc-j7TEq0bHnUCLrKBtiLw. —  JLG

Digital detox: Can taking a break from tech improve your well-being?

By Thomson Reuters Foundation

TIRED of having to gaze at a screen for anything from a pub quiz to work calls, Anna Redman and her boyfriend headed to a wooden cabin outside London, locked their phones in a sealed envelope and spent three days off-grid earlier this year.

“It felt really appealing to not have access at all for a few days,” said Ms. Redman, 29, who works in public relations and started to crave a “digital detox” as almost all her social contact shifted online during coronavirus disease 2019 (COVID-19) lockdowns.

The couple is among a growing number of people opting to take a temporary break from technology as the pandemic fuels tech fatigue, and an array of products and services have sprung up to meet the demand.

From apps that temporarily lock people out of their devices to luxury retreats limiting guest Wi-Fi access and restaurants that ban phones at the table, such solutions promise to help boost well-being by letting people reconnect with real life.

Even before the pandemic struck, interest in digital detoxing had been growing steadily in recent years, industry experts said.

A 2018 survey of more than 4,000 people in Britain and the United States by market research firm GWI found one in five had been on a detox, with 70% trying to limit the time they spent online.

Unplugged, a British startup that manages several off-grid cabins near London — including the one where Ms. Redman stayed — opened five new locations this year after launching the first in 2020 and was booked all summer, said co-founder Hector Hughes.

“People really just want a break and I think this is a direct result of lockdown and spending all this time on screens,” he told the Thomson Reuters Foundation.

“We put cabins an hour from city life. People go and literally padlock their phones in a box. We give them a map and a Nokia and leave them to it for three nights,” he added.

DIGITAL ‘NONSENSE’
Taking a break from tech is often billed as a way to boost overall well-being, helping to fight sleeping disorders, anxiety and depression.

But some researchers are skeptical.

The advertised benefits are often linked to other variables rather than mere tech abstinence, said Theodora Sutton, a digital anthropologist who has been researching an off-grid retreat in the United States.

“People say they feel better after a weekend in the woods, but they have been on holiday enjoying themselves,” she said.

“If you just take technology away and don’t replace it with anything else, you are not automatically going to have a better time.”

Wenjie Cai, a lecturer in tourism and hospitality at the University of Greenwich whose work focuses on digital detox holidays, said the experience was an “emotional rollercoaster.”

Holiday-goers report higher levels of anxiety when they are separated from their phones at the start of a stay and again at the end, when they prepare to be reunited with them, he said.

A 2019 study by Loughborough University, in Britain, found a 24-hour period of smartphone abstinence had no effect on mood and anxiety.

Participants in a similar study by Oxford University researchers this year did not report improved personal well-being, such as feelings of greater self-esteem or satisfaction, when they quit social media for a day.

Lead author Andrew Przybylski, an experimental psychologist at the Oxford Internet Institute, said the possible mental health impacts of digital technology are often exaggerated.

“It’s very likely nonsense to say that one simple trick like switching off your phone can lead you to live a happier life,” he said.

Still, using tech occupies time and attention that some might feel could be better used elsewhere.

“As human beings, we’re always trying to fit together all kinds of things, like being a father, being a husband, being a professor… there’s always a balance that you have to strike,” said Mr. Przybylski.

For some people, a digital detox retreat can be an opportunity to evaluate daily habits and consider whether they need changing, Mr. Cai said.

Participants in his research reported engaging more in self-reflection during an out-of-town tech break.

And while most people returned to their previous phone usage after the detox, some resolved to reduce the amount of time they spent using their devices, he said.

“Many people found there is nothing urgent waiting for them when they turned their phones back on and this gets them to think about how they can actually do away with the device a few hours a day and be more focused on work or leisure,” he said.

Ms. Redman deleted Instagram from her personal phone after her off-grid weekend, and now leaves it at home when she goes out for a walk.

“I get an hour to myself where I’m not thinking about work,” she said.

Holcim Philippines names sustainability leaders

HOLCIM Philippines, Inc. has appointed two leaders who will be handling its sustainability projects as the company continues to aim to have a “positive social and environmental impact.”

“Having senior leaders focused on these will help us achieve our goal of leading the building materials industry in resource efficiency, environmental stewardship, health and safety, and corporate social responsibility,” Horia Ciprian Adrian, president and chief executive officer of Holcim Philippines, said in a statement on Wednesday.

Zoe Verna M. Sibala, former vice-president of strategy, has taken the role of senior vice-president of sustainability. Richard A. Cruz has expanded his role to include the company’s environment portfolio and is now vice-president of health, safety, security, and environment. The appointments took effect on Aug. 15.

Ms. Sibala previously held leadership roles in finance, strategy, and business development in Lafarge Philippines’ aggregates unit that was acquired by the company in 2015. In her role as head of strategy since 2017, she helped the company with its business expansion plans.

Ms. Sibala has a master’s degree in business administration from De La Salle University and an Economics degree from the University of the Philippines.

Meanwhile, Mr. Cruz was appointed Holcim Philippines’ vice-president for health, safety, and security in 2018. He joined the company in 2008 as a laboratory engineer for its waste management unit, Geocycle, and helped it gain an integrated management system certification for Quality, H&S, and environment.

Mr. Cruz is a licensed chemist and a certified security professional, holding certifications in health and safety from the National Examination Board in Occupational Safety and Health and the International Safety Rating System. He graduated from Central Luzon State University.

“We are confident that Zoe and Richard will further fast-track sustainability initiatives so we can be a stronger partner of the Philippines in building progress,” Mr. Adrian said.

Holcim Philippines said it is ramping up its sustainability and innovation efforts. It has adopted the sustainability disclosure standards of the Global Reporting Initiative in its Integrated Annual Report in May.

“The company is helping address the waste management challenge in the country by converting qualified wastes into alternative fuels and raw materials for cement production,” Holcim Philippines said.

Holcim Philippines said it is also investing to improve the energy efficiency of its cement production facilities, as well as developing products that allow “customers build more with less.”

On Wednesday, shares of Holcim Philippines at the stock exchange rose by 0.14% or one centavo to close at P7 each. — Keren Concepcion G. Valmonte

Suspected digital fraud attempts from PHL dropped in 2nd quarter

SUSPECTED digital fraud attempts originating from the Philippines fell 59.4% year on year in the second quarter, a global information and insights company said.

The decline shows fraudsters possibly have recognized existing fraud controls after experiencing them first-hand, TransUnion Philippines President and Chief Executive Officer Pia L. Arellano said in an e-mailed statement on Tuesday.

“Constant vigilance is still warranted as we will likely see them again in industries where transactions are increasing,” she added.

Suspected digital fraud attempts on businesses and customers climbed 16.5% globally in the second quarter.

Industries that saw the largest declines in suspected digital fraud from the Philippines were telecommunications (-98.7%), logistics (-71.1%), and financial services (-61.3%).

“Among all the markets that our research covered, the Philippines recorded the second biggest decline in the rate of suspected digital fraud originating from that country, next only to Brazil,” Ms. Arellano noted.

TransUnion said digital fraudsters are refocusing their efforts on the gaming and travel and leisure industries, which saw suspected fraud attempts rise 393% and 155.9% in the second quarter, respectively. In the Philippines, these rates “rose 51.4% for gaming and 198.5% for travel and leisure.”

“In the travel and leisure industry, the top type of fraud globally is credit card fraud. This happens when a customer uses a fake or stolen credit card for a purchase, resulting in a chargeback to the site. In communities, profile misrepresentation is the top fraud type, wherein a user posts inaccurate information in their profile and/or uses bogus profile photos,” TransUnion said.

“Meanwhile, the global gaming industry is plagued by gold farming, a practice wherein a user sells in-game assets/currency for real-world cash — an act that violates game rules,” it added.

TransUnion said its conclusions are based on intelligence from “billions of transactions and more than 40,000 websites and apps contained in its flagship identity proofing, risk-based authentication and fraud analytics solution suite – TransUnion TruValidate™.” — Arjay L. Balinbin

Dining In/Out (08/26/21)

Gourmet take-out pizza at Sheraton

CUSTOMERS can try Sheraton Manila Bay’s oven-baked gourmet pizzas, freshly-made and ready-for-delivery in just 45 minutes. There is a selection of four thin-crust favorites: Ricotta, Spinach and Mushroom Pizza, topped with spinach, garlic and shiitake mushrooms on zesty ricotta and mozzarella cheese (P660 net); Pizza Meat Supreme topped with pepperoni, ground beef, cured bacon and ham, topped with capsicum, pineapples and shimeji mushrooms, in homemade pomodoro sauce and mozzarella cheese (P660 net); Seafood Pizza topped with herb marinated freshwater shrimp, mussels, local scallops and red squid in homemade pomodoro sauce and mozzarella cheese (P770 net); and Pizza Prosciutto di Parma topped with Parma ham, burrata cheese, fresh arugula, shaved parmesan, with fresh tomato, farm egg and olive oil (P770 net). To order, call 5318-0788, 0917-583-7294, 0917-583-7326 or e-mail sh.mnlsb.fnb@sheraton.com. For a full listing of the hotel’s gourmet takeaways menu, visit http://bit.ly/ccmnlsb.

Lockdown spawns pâtés, spreads business

THE PANDEMIC offered an opportunity for two gentlemen to forge a business partnership: The Charcutier Manila. Inspired by other pâté ventures, Benik Monterola reached out to Era Lorenzo Cruz, a Culinary Arts graduate from the De La Salle-College of Saint Benilde, who delved into the specialty as a student. After several months of trial and error, the business was ready to go with two headline products: Chicken Liver Pâté and Pesto Cream Cheese Spread. They eventually introduced their crowd favorite Truffle Cheese Spread, plus Special Wooden Grazing Boxes. “We aim for a wider reach in the corporate giveaway market, as we prepare for our foray into hotels and restaurants,” Mr. Cruz said of their plans.

Mercato Centrale opens 1st physical store in Makati

TEN years after it was launched, the popular Bonifacio Global City weekend night market Mercato Centrale opened its first physical restaurant earlier this month. Called Mercato United Kitchen, it is a cloud kitchen housing 19 vendors for takeout and delivery. Located in Ayala Circuit Mall in Makati, it allows customers to order various dishes from different merchants under one delivery fee. The vendors include: Above Sea Level, Bounty Sprouts, Capa’s Seafood, Crisps, Chef Rocky’s Kitchen, Green Meat Hub, Cabanatuan’s Harvest Cafe and Bistro, Ibarra’s Kitchen, Cavite’s Pizza, Didi Kahatea PH, Khuttz Diner, Kuranosuke, PARES Express, Takoichi, The Gourmet Kitchen, Tipsy Cream, Wildsmoke, and Woke Brothers. They are also introducing international brands The Cheesecake Factory and Cebu’s Zubuchon Lechon. Mercato United Kitchen is open daily from 10 a.m. to 6 p.m. during enhanced community quarantine (ECQ) and from 10 a.m. to 9 p.m. during general community quarantine (GCQ). Customers can order for citywide delivery via 7719-0808, Mercato’s website, GrabFood, Foodpanda, or DingDong PH. Contactless ordering in-store is also available via a QR code. Al fresco dining with protocols will be allowed when the ECQ is lifted.

Mang Inasal now offers ready-to-cook meals

IF YOU can’t dine in a Mang Inasal store, then take home a Mang Inasal Ready-to-Cook (RTC) Chicken Inasal and opt to either grill, bake, or pan fry it — whatever your preferred cooking option is, the RTC Chicken Inasal will still taste the same because the product is marinated in Mang Inasal’s signature sauce. The RTC Chicken Inasal Paa may be bought in packs of five for P360; the RTC Chicken Inasal Pecho will be available in select Mang Inasal stores by mid-September. To complete the Mang Inasal experience, Chicken Oil is available in a stand-up plastic pouch with resealable cap for P99. Both the Mang Inasal RTC Chicken Inasal Paa and the Mang Inasal Chicken Oil are available for takeout exclusively in selected Mang Inasal stores, and are also available through Call & Pick-up or Park and Go. The list of available stores is here: https://bit.ly/3hBwAax. Mang Inasal dishes are available for delivery via GrabFood, foodpanda, or Mang Inasal’s delivery website at http://manginasaldelivery.com.ph.

Shangri-La Plaza restaurants offer myriad of dining options

WITH delivery and takeout, there’s no reason to miss out on enjoying the dishes from Shangri-La Plaza’s many restaurants. Craving a taste of the Middle East? Order dishes like Sini Soor Platter which combines ground beef, beef shishkebabs, Mahi Kabab, Meigu Tanouri, ground chicken, and lamb skewers served with biryani or basmati rice rom Arya Persian Restaurant. For a taste of Southeast Asia, try Lemongrass’ Pork Riblets with Honey Garlic Sauce and Pineapple fried rice (they are menu favorites) which showcase the restaurant’s brand of Thai-Vietnamese-Chinese fusion; or go for something from Zao Vietnamese Bistro, which is popular for its modern spin on Vietnamese cuisine with dishes like Vegetarian Spring Rolls, Banh mi sandwiches, and Shrimp and Pork Noodle Soup. For a taste of Japan, opt for Japanese-style shabu-shabu or rice with toppings from Ganso Shabuway, or try Kimono Ken’s Snow Platter which offers a wide selection of sushi and maki options. Those craving all-time American favorites can get something from Kettle — either their Boneless Buttermilk Fried Chicken served cornbread and gravy or their special Angus Beef Hash. Or bite into some California-style pizza from California Pizza Kitchen. For a European flavor holiday, Duck & Buvette can transport anyone to the French countryside with its Provencal cuisine such Slow Braised Beef Burgundy, D&B Crispy Half Duck Confit, and Maple Candied Bacon, best paired with fine wine; or travel the Greek isles with Cyma’s Beef Kalamaki, Lamb Kebab, Pork Souvlaki and Gyros served with homemade pita. For a taste of home, start the day with Filipino breakfast mainstays from Bread Broth & Beyond like Bangus Belly, Garlic Longanisa, and Pork Tocino with egg and garlic rice. Lunch from Via Mare presents seafood and meat dishes, plus hot and hearty soups; while afternoon merienda gives a good reason to indulge in native delicacies from Puto Bumbong with Quezo de Bola, to their classic Bibingka. All these Shangri-La Plaza restaurants are open for delivery and takeout. Mall hours during MECQ are from 10 a.m. to 6 p.m. For updates, visit @shangrilaplazaofficial on Facebook and www.shangrila-plaza.com. For inquiries, call 8370-2597/98 or visit www.facebook.com/shangrilaplazaofficial.

Personal shoppers at Robinsons Malls

WITH Robinsons Malls personal shoppers (Robbie & Rosie or R&R), online shopping from different merchants becomes easy. Doing your groceries remotely, getting medicines, and shopping for baby stuff does not entail three individual transactions and paying three delivery fees — it is all done in one go. Robbie and Rosie will shop anything and everything, from groceries to books to appliances. If you want, the shopping experience can come with live video calls: pick which mango you want from a pile to add to the cart, or view the options from the store fridge if your favorite beer is not available. Robbie & Rosie can inform you of ongoing store promos and discounts, and have a gift gift-wrapped. Do you have a discount or Go rewards card? Send a photo of that. Robbie or Rosie will send photos of every item for approval before check out. R&R will do all the legwork for free there is no shopping fee. Just pay for the items you bought, and arrange to pick up the items or book Lalamove or Grab. R&R can handle this too, and book your choice of courier. Lalamove offers free delivery until Aug. 31 with a minimum single or accumulated transaction worth P1,500 on the same day via R&R (only transactions with official receipts are accepted, and free delivery can be availed off only once during the promo period). Free delivery is applicable only for motorcycle and sedan deliveries up to a seven-km distance. Robbie & Rosie is now available at Robinsons Galleria (0968-294-9444), Robinsons Place Malolos (0999-848-2383), Robinsons Magnolia (0921-499-2958), Robinsons Place Manila (0919-430-5887), and Robinsons Place Bacolod (0999-915-5180). Visit the Robinsons Malls Virtual Mall Directory to check out the list of shops and restaurants at https://virtualmalldirectory.robinsonsmalls.com/robbie-rosie.

Multi-cooker makes low-sugar rice

TOSHIBA, a leading manufacturer of artisanal home and lifestyle solutions, makes cooking healthier rice possible with its Low Sugar Multi-Cooker (SRP: P13,195). The Toshiba 1.0L Low Sugar Multi-Cooker is an innovative appliance that has a “Healthy Rice Function” which is certified to effectively reduce sugar in rice by up to 35%. This cooker’s optimal simmering process results in a 58% increase in healthy digestive resistant starch — the rice is cooked at the right temperature to break down and drain its starch content. It has a 24-hour preset timer function that automatically cooks the rice, and a “Keep Warm” 3D Heating Induction Technology Function, so the rice is always warm when served. It has a Japanese Binchotan non-stick charcoal coated pot. To know more about Toshiba’s  home appliances or avail of exclusive promos, visit www.toshibaph.com. It has an official store on Shopee (www.shopee.ph/toshibaphilippines).

Home-based celebrations supplier C’est Ça

BACK in 2015, Toons Canoy, the owner of C’est Ça Gifts, decided to bring the business online and create a virtual store that can easily reach his target customers. The shop adopted a multimodal way of selling its products with both digital and traditional approaches. Despite already being online, the pandemic greatly affected the business. Being stuck in the confines of their homes gave people a few reasons to celebrate. Like other businesses that are not considered as an essential need, the three-decade-old gift shop struggled with staying viable. C’est Ça had to quickly adapt a more holistic approach in digitizing the whole business procedure. The business had to pivot and digitally transform the process of finances, marketing, logistics and the like. C’est Ça took every opportunity to improve its online business, from customizing the most creative gift packages to providing more options for delivery. While doing so, they chose Converge for their broadband connection. Converge offers small and medium enterprises affordable broadband plans through FlexiBiz Daytime which gives an option to double the speeds at either during peak hours of the business’ operations. These plans offer speeds up to 300 Mbps. For more information on C’est Ça, visit https://cestcagifts.ph/ or follow them on Facebook and Instagram (@cestcagiftsPH.

Filipinos more concerned about their finances due to coronavirus pandemic

MANAGING DEBT is a top concern faced by Filipino consumers regarding their finances, research found.

A study titled “State of Banking and Financial Wellness” by US-headquartered research firm Forrester commissioned by fintech company Backbase showed 70% of Filipinos identified debt as a challenge in financial management.

More than half of Filipinos also identified building savings (58%) and planning for retirement (52%) among their concerns in personal finance.

Across Asia-Pacific (APAC), the top financial management concerns for consumers are building savings (69%), planning for retirement (60%) and managing debt (49%).

Filipinos were also concerned about understanding money management (42%), affording credit to buy real estate and finance education (33%), understanding investment (30%), and the management of an existing investment portfolio (27%).

Amid their growing financial concerns, 62% of APAC consumers believe it is critical for banks to be able to support them through their personal financial management tools and services.

“These changing needs and habits have been reinforced by the pandemic, which has highlighted the importance of digital transformation in ensuring business continuity and a positive customer experience,” Iman Ghodosi, APAC vice-president at Backbase, said in a statement.

The study found that Filipinos mainly expect their banks to have financial management tools, to help them to improve their financial habits, and provide assistance to identify financial vulnerabilities and difficulties.

In the Philippines, the study found that banks’ organizational silos or structure (78%) is a key challenge towards increasing their digital money management tools. This was followed by competing priorities (74%) and limited view of customer data (74%).

“To tackle these challenges, banking leaders should take steps to transform their banks by building digital cultures and investing in technology that can remove silos and encourage open finance,” the study said.

“Banks that simplify financial wellness and provide personalized solutions will help to address debt and, in the long run, build customer loyalty,” the research said.

PANDEMIC RAISES FINANCIAL MANAGEMENT AWARENESS
The impact of the coronavirus pandemic on incomes and livelihood has caused millennial and Generation Z (Gen Z) Filipinos to be more aware of their financial health and save up for future needs, a separate survey conducted by Manufacturers Life Insurance Co. (Phils), Inc. (Manulife Philippines) showed.

Manulife Philippines Chief Marketing Officer Melissa Henson said in a press briefing on Wednesday that their latest survey showed young Filipinos became more conscious of their financial standing when the pandemic hit, causing them to put savings among their top priorities in life.

“What we found through the study is that the pandemic has been a game changer for these two generations. They have become much more financially conscious because they’re top stressor or their number one worry during this time, is running out of money,” Ms. Henson said.

Experiencing reduced incomes, being laid off or seeing members of their family lose jobs prompted young generations to learn more about financial security, she said. 

Ms. Henson said the life insurer surveyed 300 Gen Z Filipinos aged 15-24 and 200 millennials aged 25-40 across the country to understand the young generation’s behaviors and perception towards finance, health and well-being.

She said running out of money was the most pressing concern for the respondents amid the pandemic, followed by getting sick, dying or death of a family member, worsening mental health, and indebtedness.

To address these issues, young Filipinos’ top priority is to stay healthy, followed by saving money, becoming financially independent, getting a well-paying job and earning enough to eventually start or grow a business.

“They are much more conscious about spending, budgeting and focusing on essential. They saved more, they started learning about [investments] and started investing,” Ms. Henson said.

Respondents said they have started saving in case something happens in the future, to pay for basic living expenses, support the family’s future needs like education, have enough money to start a business or expand an existing one, and set aside funds for retirement.

She said 82% of respondents put money aside every time they receive their paychecks with a goal of saving 25% of their total income.

Gen Z Filipinos started saving at the age of 17 and began investing as early as 21, she said, while millennials started saving at the age of 23 while their investments began at age 27. The survey also found 92% of Gen Z respondents are considering to buy insurance over the next one to two years.

The survey also showed that 81% of the respondents said they took steps to ensure financial security. Some 77% started prioritizing spending on necessities over wants, 82% said they will avoid incurring debt, while only 19% saved up for luxuries. — LWTN and BML

Philippines the 10th largest provider of ‘Online Labor’

Philippines the 10<sup>th</sup> largest provider of ‘Online Labor’

How PSEi member stocks performed — August 25, 2021

Here’s a quick glance at how PSEi stocks fared on Wednesday, August 25, 2021.


RE preferences seen needed to ensure industry takes off 

STOCK PHOTO

THE DEPARTMENT of Energy (DoE) needs to declare renewables a preferred energy source if it wants to grow the industry, a former official of the National Renewable Energy Board (NREB) said Wednesday.

“How do we push for more renewables? We should declare that renewables to be the preferred energy resource, (and) not (adopt) a technology-neutral policy… We should declare that our policy should be more pro-renewables,” Jose M. Layug, who previously served as NREB chairman, said during a virtual BusinessWorld Insights forum on “Energy’s Sustainable Future in Renewables and Nuclear.”

Energy Secretary Alfonso G. Cusi has said that the department initially pursued a technology-neutral policy, but its “periodic assessment of our country’s energy requirements is paving the way for innovative adaptations in its policy direction.” The department has since declared a moratorium on new coal-fired power plant construction.

According to Mr. Layug, who also leads the Developers of Renewable Energy for AdvanceMent, Inc. (DREAM) industry association, technology neutrality is one of the main obstacles to the development of RE (renewable energy) projects in the Philippines.

The DoE estimates that RE installed capacity between 2009 to 2020 declined from 34% in 2009 to 29% last year. Meanwhile, coal accounted for 27.4% and 41.7% shares over the start and end of that period.

He said the department must also make it easier for distribution utilities and electric cooperatives to conduct their competitive bidding process for power procurement; establish a one-stop shop for renewables; simplify rules for the deployment of personnel, vessels, machinery, equipment, spare parts and materials for RE projects; and form a task force dedicated to resolving inter-agency issues.

Eric T. Francia, president and chief executive officer of AC Energy Corp., said that gas is the “most viable” transition fuel as the country embarks on achieving a higher share of RE in its power mix.

“Our point of view is that over the short to medium term, we still need the transition fuel and that would be gas… given that we already have a moratorium on coal, and there’s less support for coal from financial institutions and the broader investment world,” he said during the forum.

He added that battery energy storage systems must be considered a mid-to-longer term solution, while technologies which generate power from green hydrogen must be on the table over the much longer term, or after around 10-20 years.

Meanwhile, Philippine Nuclear Research Institute Director Carlo A. Arcilla said that “nuclear energy should not be seen as competition for renewables, but as a help.”

He said that pursuing nuclear energy can bring down electricity prices, as the fuel source is estimated to be a fraction of the cost of coal.

“If the Bataan Nuclear Power Plant (BNPP) were operating, the (uranium) fuel would last for 18 months. The cost will be $20 million and all the fuel will fit inside a jeepney. If the BNPP on the other hand were a 620 MW (megawatt) coal plant — for the 18 months it would operate, it would require 50 Panamax ships of imported coal (valued at) $600 million. This, alone, (is) why we should at least consider nuclear power,” Mr. Arcilla said. — Angelica Y. Yang

European SMEs could drive Philippine FDI growth — ECCP

European Chamber of Commerce of the Philippines Logo

THE EUROPEAN business chamber in the Philippines said it is receiving expressions of interest from European small- and medium-sized enterprises (SMEs) considering investing in the country amid a broad rethink of their operations after the pandemic forced many such firms to close shop.

“What we are targeting and where we are also getting inquiries on a constant basis is actually more the small and medium-sized enterprises that are also the backbone of the European economy,” European Chamber of Commerce of the Philippines (ECCP) Executive Director Florien Gottien said in a briefing Wednesday.

The family-run businesses are more risk-averse, which lengthens the process, he said.

But he added that many European companies are considering restructuring, outsourcing, and entering other markets.

European companies in the Philippines were not spared the effects of the pandemic.

Lars Wittig, the new ECCP president, said that some firms — including garment manufacturers — have shut down and left the country.

“To be honest, I’ll be very surprised if any of them came back. Why? Because these companies were of a certain size and working in such an industry, where the time was already two minutes to midnight so to speak because they were in a type of manufacturing maybe that was already obsolete for a market like the Philippines,” he said.

But other sectors have remained in the country. European outsourcing, food and beverage, and manufacturing firms are adapting and “fighting for the best possible outcome.”

“Have we seen any other major, significant investors that have pushed the pause button and left to come back later? No, we have not,” Mr. Wittig said.

Foreign direct investment (FDI) inflows to the Philippines declined to $6.542 billion in 2020 from $8.671 billion in 2019.

But Mr. Wittig is confident about the resilience of European investment in the Philippines.

“European investments last year didn’t drop like the average, which was 24, 25%. It only dropped 12%,” he said. — Jenina P. Ibañez

NPC bans four lending apps over privacy violations

THE NATIONAL Privacy Commission (NPC) has ordered the immediate takedown of four online lending apps that have been the subject of complaints for alleged unauthorized use of personal data.

Borrowers have complained that online lending apps JuanHand, Pesopop, CashJeep, and Lemon Loan have been using users’ personal data to shame and harass them to collect debt.

The companies operating the apps are being investigated for violations of the Data Privacy Act, while their directors, officers, and agents are being investigated for possible criminal liability.

“Apps have gained access to a trove of information in the borrowers’ mobile devices, including contacts and social media data, that are excessive and may be weaponized to harass and shame delinquent borrowers before persons in their mobile devices’ contact list to collect debts,” NPC said in a statement Wednesday.

Personal information is being collected and used without user consent, the NPC added. The commission’s investigation arm, after examining the apps, found that they violated transparency rules in the data privacy law.

The commission in four separate orders directed Wefund Lending Corp., Joywin Lending Investor, Inc., Cash8 Lending Corp., and Populus Lending Corp. — operators of Juan Hand, Lemon Loan, CashJeep, and Pesopop, respectively — to stop processing their borrowers’ personal data.

NPC also sent copies of the orders to the National Telecommunications Commission and Google LLC to take down the apps from the internet and app stores.

Privacy Commissioner Raymund E. Liboro said that the ban will help mitigate serious risks to consumer privacy.

 “These online lending apps raised many red flags and the companies operating these apps demonstrate problematic data actions that expose borrowers to serious privacy risks and harms,” he said.

The commission said that two of the app operators did not file position papers in response to the findings, while another two failed to convince the NPC that it should not file the ban.

The NPC is investigating more than 200 online lending apps available for download. In 2019, the agency banned 26 apps after their operators failed to answer allegations on the use of personal data to shame borrowers. — Jenina P. Ibañez

Safety fixes seen leading to increased mango, pineapple exports to US

THE Philippines is on track to increase its pineapple and mango exports to the United States  after resolving pest and other food-safety issues, the Department of Agriculture (DA) said. 

At a virtual meeting earlier this month, the Bureau of Plant Industry (BPI) and the US Department of Agriculture (USDA) Animal and Plant Health Inspection Service “mutually agreed on and threshed out” outstanding issues which will have the effect of increasing the number of ports that can receive Philippine products.

“Expanding the export market of Philippine pineapples and mangoes in the US and other countries will not only enhance our national economy, but more importantly, provide increased income to thousands of farmers and their families in pineapple- and mango-producing provinces nationwide,” Agriculture Secretary William D. Dar said.  

Joselito L. Antioquia, OIC of the BPI National Plant Quarantine Services Division, said one of the issues resolved was the acceptance by the USDA that the Smooth Cayenne variety of pineapple exported by the Philippines does not host the oriental fruit fly.

As a result, Mr. Antioquia said the Philippines may begin exporting pineapples to various US markets before the end of the year, adding that the USDA will brief the BPI on risk mitigation measures to take against the oriental fruit fly.

“After the BPI agrees on the measures, the USDA will publish the initial notice in the Federal Register for a 60-day stakeholder comment period, review any comments, and then publish the final notice that allows the expanded market access for Philippine pineapples into the US, except Hawaii,” Mr. Antioquia said.

According to the BPI, Philippine pineapple exports currently reach the US via Guam, the Marianas Islands, and the North Atlantic regions of the US, with 346,190 kilograms of exports recorded between 2013 and July 15, 2021.

Another settled issue was the agreement that the USDA will draft a plan for the irradiation of fresh mangoes upon arrival in the US.

The DA said the irradiation of mangoes is an option offered by the USDA after the Philippines requested to remove the pre-clearance inspection procedure.

“Irradiation is a phytosanitary treatment that uses ionizing radiation to prevent the introduction or spread of regulated pests by achieving either mortality, preventing successful development like non-emergence of adults, sterility or inactivation,” the DA said.

“The country previously exported fresh mangoes to the US, from 2005 to 2008, totaling 386,099 kilograms, all produced in Guimaras Island,” it added.

The DA said the agricultural export process to the US will be eased by the inclusion of the Philippines in the “ePhyto Hub,” organized by the International Plant Protection Convention.

Mr. Antioquia said the BPI is developing systems to connect to the hub.

“The ‘ePhyto’ certification, which is also being pushed by the US, will replace official documents issued by governments with electronic forms to confirm that shipments of plants and plant products traded internationally are free of pests and diseases, and are therefore safe to import,” the DA said.

“Traditionally, certificates are done on paper, which are transmitted between parties by post, courier, or other physical means. The process takes days to complete, and is prone to errors, loss, theft, and counterfeiting. Thus, it slows down trade and, at worst, results in spoiled goods, additional demurrage charges, and frustrated customers and governments,” it added.

Meanwhile, the BPI and USDA also discussed US interest in initiating shipments of fresh US pomegranates to the Philippines.

Mr. Antioquia said the US request concerns the initial pest risk analysis stage, adding that three to six months is needed to accomplish the risk assessment.

“The BPI has already narrowed the pest list scope for pomegranates to top state producers like California, Arizona, New Mexico, and Texas,” Mr. Antioquia said.

According to the DA, the US imported $924 million worth of Philippine farm products in 2019.

Of the total, tropical oils accounted for $353 million, followed by processed fruits and vegetables at $165 million, fruit and vegetable juices $112 million, tree nuts $92 million, and raw beet and cane sugar $36 million.  — Revin Mikhael D. Ochave