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BPI bullish on solar energy investments

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BANK of the Philippine Islands (BPI) is bullish on the impact of solar energy investments as it can reduce energy cost in the long run.

“Solar energy is a low-hanging fruit for most companies. If done correctly, they can save nearly 35% on electricity. This results in savings that businesses can use for more productive purposes,” said Deputy Head of BPI Sustainable Development Finance (SDF) Anna Liza A. Eugenio.

Ms. Eugenio said many businesses still view solar energy investments as more apt for doing business in advanced economies.

BPI SDF has financed 365 projects in the first half of 2021 — including P28 billion in credit to 158 energy efficiency projects, P139 billion for renewable energy, and P34 billion for 109 climate resilience developments, Ms. Eugenio said.

The program has been tapped by clients for green projects related to energy efficiency, renewable energy, climate resilience, and sustainable agriculture.

The Philippines, as a tropical country with abundance of sunny days, has potential for solar energy, said Silverio Navarro, Jr., a renewable energy consultant for BPI.

“We can take advantage of this energy from the sun to generate usable electricity that can be used to power households or businesses through clean and sustainable means,” Mr. Navarro said.

“The cost has also gone down because of the improvements in technology and the increasing competition from solar technology providers,” he added.

BPI’s net income in the third quarter rose by 3% year on year to P5.66 billion, as lower credit provisions offset the decline in interest earnings. The bank’s nine-month net earnings inched up by 1.8% to P17.5 billion.

Shares in the Ayala-led lender closed at P91.05 apiece on Monday, dropping from their finish of P92.15 on Friday. The local stock market suspended trading on Tuesday due to a technical glitch. — Luz Wendy T. Noble

Managing diarrhea in children

TO MANAGE dehydration caused by diarrhea, doctors recommend hydration therapy with oral rehydration solution (ORS), the continuation of an age-appropriate diet, and the practice of proper food and water handling. 

Diarrhea is the leading cause of death among children under five years old, according to the World Health Organization (WHO).  

Acute diarrhea is the passage of three or more loose, watery, or bloody stools in a 24-hour period, with a duration of less than 14 days. Acute infectious diarrhea, meanwhile, is acute diarrhea caused by infectious agents. Symptoms for the latter include nausea, vomiting, abdominal pain, and fever. 

Evaluate the child from time to time during rehydration to ensure that the ORS is being taken satisfactorily and that the signs of the dehydration are not worsening, said Dr. Jennifer A. Olay, a pediatrician, in a Jan. 3 webinar organized by the Adventist Medical Center Manila. 

“For breastfed infants, breastfeeding should be continued in addition to hydration therapy,” she told the webinar audience. She added that a restrictive diet such as BRAT (or banana, rice, apple, tea) increases the risk of malnutrition. 

WHO said nutrition-related factors contribute to about 45% of deaths in children under 5 years. 

“The resumption of the usual, age-appropriate diet is recommended during or immediately after the rehydration process is completed,” said Dr. Olay. 

Telltale signs indicating dehydration in children with acute infectious diarrhea are a rapid heart rate, an abnormal respiration pattern, sunken eyes, decreased or absent tears, poor skin turgor, and a decreased urine output. 

The fluid deficit is 5-10% in an infant, and 6% in a child, for mild to moderate dehydration. In severe dehydration, the fluid deficit increases to more than 10% in an infant, and 9% in a child. 

Children with severe dehydration are lethargic, have no tears, breathe in a deep and rapid manner, and have a skin pinch that goes back very slowly. A trip to the emergency room is necessary for the rapid intravenous rehydration of fluids. 

Meanwhile, children with mild to moderate dehydration are advised to drink ORS to replace fluid losses. 

Dr. Olay said the amount of ORS after each loose stool is 50–100 ml for children less than two years old, and 100 ml for children between 2–10 years old. Those more than 10 years old may take as much fluids as they want. 

“The change in stool consistency is more important than the change in stool frequency in assessing patients with diarrhea,” added Dr. Olay. “The frequent, semi-solid stools in breastfed infants, [however,] is normal and is not considered diarrhea.” 

A homemade ORS (or 4–5 teaspoons of sugar and a teaspoon of salt in one liter of clean drinking water) may be given in lieu of a commercial ORS if the latter is not available. 

PREVENTIVE MEASURES
Antiemetics (medicines that are used to treat nausea and vomiting) are unsuitable for children with diarrhea who are vomiting because of safety concerns. 

“The most common antiemetic given is metoclopramide,” Dr. Olay said. “The problem is that the allowance between the therapeutic dose and the toxic dose is very narrow.” 

Another common remedy to be avoided are caffeinated drinks, as these have diuretic and purgative effects that may only worsen the diarrhea. 

To prevent acute infectious diarrhea, Dr. Olay advised hand hygiene, water safety interventions, proper food handling, rotavirus vaccine administration, vitamin A supplementation, and exclusive breastfeeding during the first six months of life. 

“Keep food clean, cook food thoroughly, and store food at safe temperatures,” she said. “Separate raw and cooked food too.” 

The US Food and Drug Administration suggests keeping refrigerator and freezer temperatures at 4° C and -18° C, respectively. It also recommended sticking to the two-hour rule for leaving items needing refrigeration out at room temperature. — Patricia B. Mirasol 

Philippines, Japan renew bilateral swap deal to boost financial stability

THE Philippines and Japan have renewed a currency swap agreement to boost financial stability and cooperation in the region, according to the Bangko Sentral ng Pilipinas (BSP).

BSP and Bank of Japan signed the deal, the third of its kind between the two nations and which took effect on Jan. 1, the Philippine central bank said in a statement on Tuesday.

“Japan and the Philippines believe that the bilateral swap agreement, which aims to strengthen and complement other financial safety nets, will further deepen financial cooperation between the two countries and contribute to regional and global financial stability,” it said.

Under the deal, both parties will be allowed to swap their local currencies in exchange for the dollar. It also allows the Philippines to swap pesos for the yen.

The limit for the swap agreement was kept at $12 billion or its equivalent amount in yen for the Philippines. Japan can swap up to as much as $500 million.

BSP said the bilateral deal between Japan and the Philippines would reflect changes to the Chiang Mai Initiative Multilateralization agreement, which covers Association of Southeast Asian Nations member countries, South Korea, Japan, China and Hong Kong.

The Chiang Mai amendments that took effect in June 2020 seek to strengthen coordination with the International Monetary Fund. Financing terms including release dates were also adjusted.

The deal between Japan and the Philippines is proof of how economies have tried to boost financial stability after the Asian Financial Crisis, said Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp.

“Renewal of the bilateral currency swap agreement would effectively reduce any potential foreign exchange risks in the future by having readily available foreign currency funds,” he said in a Viber message. — Luz Wendy T. Noble

Alex Eala jumps to 8th in junior ranking

FILIPINA TENNIS SENSATION ALEX EALA — ALEX EALA FB PAGE

FILIPINA tennis sensation Alex M. Eala will resume her steady rise in the world rankings from eighth place after a stellar 2021 campaign that even catapulted her to second spot at one point.

After closing out the year at No. 10, the 16-year-old ace climbed two notches in the first International Tennis Federation (ITF) world junior ranking this year for a good season start.

She has 1,481 points so far as a stepping stone spiked by two late tournaments last month in her return from a long hiatus due to a foot injury.

Her extended absence almost dragged her outside the top 10 after being idle inside the top three for months due to consistent showing in different world tour and major tournaments like the Wimbledon and the US Open.

Back in July, Ms. Eala seized the second spot after ruling the French Open with Russian partner Oksana Selekhmeteva. She also captured a twin-title in the prestigious JA Milan.

Croatia’s Petra Marcinko, Czech Republic’s Linda Fruhvirtova, Russia’s Diana Shnaider, Brenda Fruhvirtova and former No. 1 Victoria Jimenez Kasintseva of Andorra, respectively, are the top five players to start 2022.

Joining Ms. Eala inside the top 10 are Russia’s Ksenia Zaytseva (sixth), USA’s Robin Montgomery (seventh), Argentina’ Solana Sierra (ninth) and American Clervie Ngounoue (10th).

Meanwhile, Ms. Eala is steady at No. 526 in the first Women’s Tennis Association (WTA) list with hopes of winning her second pro title.

Ms. Eala bagged her maiden crown in the women’s pro circuit last year that put her at a career-high 505th ranking after starting from outside top 1500. — John Bryan Ulanday

Show must go on: Madrid races to substitute COVID-hit La Boheme cast

TEATROREAL.ES

MADRID —  Madrid’s Teatro Real opera house had to act fast when the leading lights of its production of La Boheme contracted coronavirus disease 2019 (COVID-19) one after another, forcing the director to scramble for replacements who will perform together for the first time on Monday night.

To mitigate the risk of contamination, Teatro Real productions operate with two full casts, which alternate performances and never come into contact with one another, a theater spokeswoman said.

But with Spain reporting record infection numbers, an outbreak swept across both crews, infecting four of the leading roles and their understudies by Sunday and forcing the cancellation of that night’s performance, she explained.

Artistic director Joan Matabosch sprang into action to bring in last-minute substitutes to cover the parts of Rodolfo, Schaunard, Mimi, and Marcello in Giacomo Puccini’s depiction of infidelity and jealousy among young artists in 1840s Paris.

“They have never sung together before and have been rehearsing all day today… They’ve been at home studying videos of previous shows,” the spokeswoman said.

However, their time in the spotlight could be limited as several of the original singers may be clear to perform if they test negative on Tuesday.

“The Teatro Real does not want to disappoint the public… we have to live with this pandemic,” the spokeswoman said. — Reuters

SMC extends coastal cleanup to Batangas

A TOTAL of 1,340 bags of garbage were initially collected from the coastal areas of Calatagan and Balayan.

SAN MIGUEL Corp. (SMC) said on Tuesday that it had taken its coastal clean-up drive to Calatagan and Balayan in Batangas province, and that it was preparing to start a similar drive in Marilao-Meycauayan-Obando river system in Bulacan.

In a statement, the company said a total of 1,340 bags of garbage were initially collected from the coastal areas of the two Batangas towns during a five-day clean-up effort backed by SMC and the government.

The effort is through the Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers program of the Department of Labor and Employment.

“We recognize that to be able to help save our waterways from litter, we need to address the issue of pollution at its source. But these cleanups do make a big difference especially in shaping the way people interact with the environment. Also, that one piece of trash we remove means one less litter that could end up in our waterways,” SMC President and Chief Executive Ramon S. Ang said.

SMC has mobilized volunteers and has provided cleaning supplies, protective gear, and food for the participants. It is also raising awareness among coastal communities about proper waste disposal.

The company has also committed to helping set up a materials recovery facility (MRF) for five barangays in Calatagan to recover recyclable materials and cut the amount of waste that end up in the waterways.

Meanwhile, SMC said it holds weekly clean-up activities in Isla Pulo in Navotas together with the Department of Environment and Natural Resources.

“Isla Pulo is home to the Tanza Marine Tree Park, a 26-hectare mangrove strip of an island with a 3.5-kilometer shoreline, which also serves as a natural barrier that protects nearby cities from storm surges and coastline erosion,” SMC said.

Mr. Ang said the coastal clean-up activities in Batangas are on a weekly basis and with greater urgency as the province’s waters are close to the Verde Island Passage, a strait between the main island of Luzon and Mindoro known for its rich marine biodiversity.

“Keeping plastic waste from our seas and oceans will also protect our source of food and the fishermen who depend on these for their livelihood. In partnership with local and government agencies, we need to continuously educate our coastal communities on the importance of proper waste disposal as well as recycling and upcycling of waste products,” he said.

SMC will also start cleaning up while improving the Marilao-Meycauayan-Obando river system, which it described as a major component of its flood mitigation initiative for Bulacan, and Taliptip while building the New Manila International Airport in Bulakan town.

It said for its P1-billion Tullahan-Tinajeros river system rehabilitation project, the company removed 640,384 metric tons of silt and solid waste to date.

Responding to Odette

CHILDREN sit amid the destruction in Dinagat Island, where typhoon Odette made its second of nine landfalls on Dec. 16. -- DINAGAT GOV. KAKA BAG-AO

Super Typhoon Odette (international name: Rai), the strongest typhoon to hit the country in 2021, affected an estimated 16 million people across the six worst-hit regions in Visayas and Mindanao. The typhoon displaced 631,000 individuals across 10 regions and left about 2.4 million people in dire need of assistance, according to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA). 

As of Dec. 30, the National Disaster Risk Reduction and Management Council (NDRRMC) put the official death toll at 397, 1,147 injured, and 83 missing. The number of casualties, injured and displaced people is expected to increase as debris clearing progresses, communication and electricity are re-established and isolated areas are reached. 

The PHAPCares Foundation, the corporate social responsibility (CSR) arm of the Pharmaceutical and Healthcare Association of the Philippines (PHAP), is partnering with the Philippine Medical Association (PMA) to conduct joint relief operations in areas devastated by Odette. The PMA, under the leadership of its president Dr. Benito Atienza, will mobilize its vast network of physicians to provide access to healthcare for individuals in Visayas and Mindanao. 

The PHAPCares Foundation, on the other hand, will augment the medicine supply of local government units in affected areas and provide relief items such as food packs, water, and hygiene kits to displaced individuals, which include the elderly, pregnant women and children. On top of the threat of coronavirus disease 2019 (COVID-19), the health of displaced individuals is also at risk due to the cold climate, limited food and water, unfavorable conditions in evacuation centers, lack of electricity, and the presence of hazardous debris. 

“We are focusing on the health of our countrymen affected by the typhoon. Apart from the common health risks associated with disasters, families and individuals also need to be protected from COVID-19 infections. PHAPCares is collaborating with our partners so that we may mitigate the health impact of Odette on the people,” said PHAPCares Foundation Executive Director Dr. Rosarita Siasoco. 

Apart from the PMA, PHAPCares is also partnering with Pasay-Parañaque Medical Society, the Philippine Naval Reserve Command and Cebu Pacific. Donations from PHAPCares Members Boehringer-Ingelheim and Otsuka have formed part of the initial Foundation response, while other companies have put forward pledges for the succeeding efforts. 

In a study published in the International Journal of Emergency Medicine in 2017, super Typhoon Haiyan (locally known as Yolanda) caused both physical and mental health problems as well as social consequences for the survivors. Health professionals, the study added, reported worse overall health problems compared to other survivors. This highlights the importance of also looking after the welfare of frontliners deployed in disaster areas. 

In general, health concerns following typhoons are skin infections, gastrointestinal illnesses, respiratory diseases, tetanus, leptospirosis and injuries. Animal and insect bites have also been reported following typhoons, especially in areas that received more rainfall than usual, the Centers for Disease Control and Prevention (CDC) said. 

Eating and drinking anything contaminated by floodwater can also cause diarrheal disease including E. coli and Salmonella infections, added the CDC. Access to potable and clean water will be important even in the coming weeks ahead. 

While the risk of COVID-19 in an evacuation center is lower for fully vaccinated individuals, everyone should still take necessary precautions. The CDC explained that transmission risk in temporary shelters is higher and may increase with the number of unvaccinated people present.  

It is important for all people in the evacuation centers to follow protocols designed to protect everyone from COVID-19. While challenging to do in post-disaster settings, the people must continue wearing masks correctly, maintaining physical distance, washing hands with clean water, and covering coughs and sneezes. Individuals who are sick or who have started getting sick must immediately inform the health teams assigned in the evacuation centers. 

Established in 2003, the PHAPCares Foundation is dedicated to promoting public health and welfare in the country, particularly among underprivileged and marginalized Filipinos, as well as those impacted by natural and man-made calamities and conflicts. Through the Foundation’s Operation Quick Response (Emergency and Disaster Response), PHAP member companies donate essential and life-saving medicines for the benefit of victims of natural calamities and for communities displaced by armed conflicts. 

The PHAPCares Foundation also provides medicines to help avert or manage epidemics and other health-related consequences of disasters. Since its founding, the Foundation has donated about P1 billion in medicine and financial assistance to Filipinos disadvantaged by sickness, poverty, conflicts, and disasters. 

  

Teodoro B. Padilla is the executive director of Pharmaceutical and Healthcare Association of the Philippines (PHAP), which represents the biopharmaceutical medicines and vaccines industry in the country. Its members are at the forefront of research and development efforts for COVID-19 and other diseases that affect Filipinos. 

UnionBank’s purchase of Citi’s retail unit credit positive — CreditSights

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UNIONBANK of the Philippines, Inc.’s purchase of Citigroup, Inc.’s local retail unit is credit-positive, though it could narrow the Manila-based lender’s capital buffer in the short term, according to CreditSights, Inc.

The transaction would significantly boost the bank’s retail segment, CreditSights Asia Pacific analysts Lim Ze Hao and Yustina Quek said in a report.

“Citi’s local consumer business would be a great complement to any of the smaller banks in general, as its larger scale and greater strength in the upscale consumer market and wealth management businesses would mean few overlaps with the existing retail units of the smaller banks,” they said.

They noted that Citi’s retail segment has margins of 13-15%, while return to equity is about 20-30%.

UnionBank’s move to retain the Citi team would also ensure a smooth turnover when the transaction is closed, they added.

UnionBank has agreed to buy the local consumer unit of Citigroup, Inc.., including Citi’s credit card, personal loans, wealth management and retail deposit businesses in the country, UnionBank said told the Philippine Stock Exchange last month.

The acquisition also includes Citi’s real estate interests in relation to Citibank Square in Eastwood, three full-service bank branches, five wealth centers and two bank branch lites.

The transaction is part of Citi’s global plan to shed consumer franchises in 13 overseas markets, 10 of them in the Asia-Pacific region. It will continue to offer consumer banking in Hong Kong, Singapore, London and the United Arab Emirates, the bank’s four wealth hubs.

“Success in the longer term, however, would also depend on whether management can ensure that the key aspects which made the Citi consumer franchise successful in the Philippines are not lost during the integration process, to minimize the attrition of customers acquired,” according to the CreditSights report.

The analysts said the transaction could bring down UnionBank’s common equity Tier 1 ratio down by 260 basis points to 13.5%.

“While capital levels almost certainly will not fall below regulatory minimums as that would mean not getting the blessing of regulators, the acquisition looks set to leave the bank with a relatively thin capital buffer post-transaction, even with the large support from its shareholder group,” according to CreditSights, a unit of the Fitch Group.

The Aboitiz-led lender said the transaction was expected to be finalized by the second half. The deal is subject to regulatory approvals including by the Monetary Board of the Bangko Sentral ng Pilipinas, Philippine Competition Commission, Philippine Deposit Insurance Corp., Securities and Exchange Commission, and Insurance Commission.

The analysts noted that UnionBank has been a consistently profitable banking franchise “that has delivered above-peer returns to its shareholders.” “The recent strong backing that it has secured for this acquisition signals to us that more capital injections could be forthcoming if required in the near-term.”

Net income at the Aboitiz-led lender rose by 26% from a year earlier to P10.71 billion in the nine months to September, fueled by improving core businesses and lower loan loss provisions.

UnionBank closed 50 centavos at P99 apiece on Monday. The local bourse suspended trading on Tuesday after a system glitch, according to President Ramon S. Monzon. — Luz Wendy T. Noble

GAP’s Carrion sees golden harvest for Caloy Yulo

IF Gymnastics Association of the Philippines (GAP) President Cynthia Carrion would be believed, world champion Carlos “Caloy” Yulo can win not just one, but two gold medals in the 2024 Paris Olympics.

“Paris Olympics, two gold medals. That is my prediction, could be more but no less,” Ms. Carrion on Tuesday told The STAR.

Ms. Carrion was basing her optimism from the 21-year-old Mr. Yulo’s performance in the World Championships in November last year in Kitakyushu, Japan where the latter snared a vault gold and a parallel bars silver.

What made it more impressive was the fact that vault and parallel bars were not even the favorite events of Mr. Yulo, whose pet discipline is floor exercise.

Ms. Carrion said with more training, Mr. Yulo could strike gold twice in Paris, including one in floor exercise where Mr. Yulo failed to snatch a mint in the 2021 Tokyo Olympics and the Worlds.

The Philippine Olympic Committee (POC) treasurer is also confident Mr. Yulo could rake in multiple gold harvests in both the Hanoi Southeast Asian (SEA) Games slated for May 12-23 and the Hangzhou Asian Games set on Sept. 10-25 this year.

“He (Mr. Yulo) will win three golds in SEA Games and three golds in Asian Games,” said Ms. Carrion.

Ms. Carrion, meanwhile, is hoping Mr. Yulo could come home for a much-deserved vacation either on Jan. 29 or in mid-March.

If it happens, Mr. Yulo, who hasn’t returned for more than two years now, could recharge for the golden haul Ms. Carrion was hoping the former could achieve. — Joey Villar

Arts & Culture (01/05/22)

AYALA Museum Main Lobby

Ayala Museum open under Alert Level 3

AYALA Museum will continue to welcome guests under Alert Level 3. The museum will be open Wednesdays to Sundays at 30% capacity. The Filipinas Heritage Library will also be open form Wednesdays to Saturdays. All visits must be pre-booked with each timeslot limited to 20 people. Proof of vaccination and an ID are required upon entry. Visitors below 18 and above 65, pregnant women, and those with comorbidities are not allowed inside the museum. Visit ayalamuseum.org/visit for further guidelines and safety protocols.

National Museum launches e-book on fossils

THE NATIONAL Museum of the Philippines opens the year with the launch of Fossils: Records of Prehistoric Life in the Philippines. The book introduces readers to the fossil discoveries in the Philippines as represented by the specimens from the National Geological and Paleontological Collections housed at the National Museum of Natural History. The printed version is expected to be released later this year. To access this free e-publication, visit https://docs.google.com/…/1FAIpQLSf1Kk…/alreadyresponded

Seb Chua creates a limited-edition sculpture

FILIPINO Chinese contemporary artist Seb Chua has created a limited edition brass sculpture of Lady Justice measuring 24 inches in height (including the base). Chua’s latest work shows Lady Justice holding a balanced scale in one hand and a sword that is kept low, on the other. The placement of the scale and sword signifies that justice does not inherently favor one side nor the other, and that justice must be fought for, should the need arise. Chua’s Lady Justice is the first foray of book publisher San Anselmo Publications, Inc. into art; the company already publishes art monographs. This new venture is part of their mission to provide a venue for Filipino artists. “Whether the artist is a writer, a poet, a painter, a sculptor, or performer, we in San Anselmo Publications, Inc., would like to collaborate with them and help them grow their market and their audience,” said executive publisher Marvin Aceron in a statement. In 2020, the publishing house held an art competition for the youth based on the poems in Jim Pascual Agustin’s books How to Make a Salagubang Helicopter and other poems and Crocodiles in Belfast and other poems. There are only 12 pieces of Chua’s Lady Justice. Mr. Aceron said, “It’s the perfect gift for a lawyer, or anyone for that matter, who is doing justice amidst the dangerous times.” he quips. For orders and inquiries, send a message to the San Anselmo Publications, Inc. Facebook page.

FEU holds ‘Brave Bubwit’ online exhibit

FAR Eastern University (FEU) hosts “The Brave Bubwit: Nonoy Marcelo’s irreverent art that attacked and endeared,” an online exhibit featuring the works of the celebrated cartoonist and alumnus of the university’s Institute of Arts and Sciences. “Brave Bubwit” features 230 of Mr. Marcelo’s published works, which were chosen from The Advocate, the university’s official student publication, and the private collection of historian Saul Hofileña. The exhibit is divided into six segments, each covering Mr. Marcelo’s major career milestones. These include his time as a student in the university, his years at the Daily Mirror, the Manila Chronicle, and the Manila Times, his brief stint in New York City, and his commentary during the pre- and post-EDSA years. “Brave Bubwit” also spotlights some of Mr. Marcelo’s famous characters, like PTYK, an intellectual beatnik at FEU; Tisoy, who lampooned colonial mentality; and Ikabod Bubwit, a rodent who lived in Dagalandia, which represented the Philippines. It was through these cartoons and characters that Mr. Marcelo bared the country’s most important issues. His cartoons were irreverent, critical, and contained commentary on the ills of the nation while garnering laughs from his readers.  In 1985, Mr. Marcelo was given the Catholic Mass Media Award for print journalism, an honor usually reserved for reporters and columnists. He was also the only cartoonist recognized as one of the Cultural Center of the Philippines’ Centennial Artist awardees in 1998. This year, Mr. Marcelo was nominated for the Order of the National Artist in the Visual Arts category. “The Brave Bubwit: Nonoy Marcelo’s irreverent art that attacked and endeared” can be viewed at The Brave Bubwit (exsight360.com).

Philippines places 51st in digital skills gap ranking

This infographic shows the results of the inaugural Digital Skills Gap Index (DSGI) 2021 by multinational publishing company Wiley which identifies and evaluates the factors that underpin the pillars of digital strength, resilience, and responsiveness. The index — scored from 0 (biggest digital skills gap) to 10 (smallest digital skills gap) — evaluates 134 economies based on six pillars* derived from global indicators which reflect how advanced and prepared an economy is with digital skills it needs for sustained growth, recovery, and prosperity. Among the 19 East Asia and Pacific economies, the Philippines ranks 12th (51st overall), only ahead of its Southeast Asian peers Vietnam (53rd overall), Thailand (78th), Myanmar (115th), and Cambodia (117th). Singapore, meanwhile, leads the global and regional rankings with a score of 7.8.

Philippines places 51<sup>st</sup> in digital skills gap ranking

Foreign chambers OK open-pit ban end

By Luisa Maria Jacinta C. Jocson

THE Joint Foreign Chambers (JFC) of the Philippines said the government’s decision to rescind the ban on open-pit mining has been “a long time coming” and will encourage more investment.

The JFC said in a statement that it “welcomed the terms and conditions set by the Department of Environment and Natural Resources (DENR) for open-pit mining operations to ensure these will be environmentally and socially sustainable.”

“It’s been a long time coming and overdue. Metallic mining can be a major boost to the economy, particularly in rural areas in terms of employment and income,” Canadian Chamber of Commerce of the Philippines President Julian H. Payne said in a phone interview.

“It’s one of the areas that you can get a significant increase in gross domestic product (GDP) over the long term. It’s not a quick fix, but in the long run, it has huge potential,” he added.

The DENR lifted the four-year ban on open mining, which superseded an order issued by the late Secretary Regina L. Lopez in 2017.

Open-pit mining allegedly results in negative impacts on the environment, such as erosion and the leak of chemicals such as cyanide into surrounding water systems.

“Everybody recognizes that there can be a deleterious impact if it is not conducted and operated in a socially and environmentally responsible way, which in many countries it is, notably in Canada and Australia,” Mr. Payne said. “Mining is not necessarily a disadvantage to the environment; in fact, in some cases it actually improves it.”

“I think the assumption that open-pit mining inevitably leads to a deteriorated environment is incorrect. It may or may not, it depends on how it is managed. It can be socially and environmentally responsible, that depends on what conditions the government sets. Whether they are effectively implemented and complied with, that is always an open question,” he added.

Mr. Payne said that the nongovernment sector can help keep illegal miners in check by “keeping an eye on things and bring attention to the government in cases where there is obvious noncompliance.”

“One cannot say that nongovernment organizations (NGOs) are anti-mining. Some are ideologically anti-mining, but some others are in good faith and serve as a watchdogs to help the government,” he added.

He also said not to be discouraged by mining disasters of the past, as the laws in place are different from now.

“It fails to take into account that mining, like every other industry, evolves in terms of safety practices, as does the government and its regulations. To presume that just because a disaster happened 25 years ago, is going to happen today, presumes that nothing has changed in the technology of mining or in the regulatory competence of the government,” Mr. Payne said.

The JFC is composed of the American Chamber of Commerce of the Philippines, Australian-New Zealand Chamber of Commerce, Canadian Chamber of Commerce, European Chamber of Commerce, Japanese Chamber of Commerce & Industry, Korean Chamber of Commerce and the Philippine Association of Multinational Companies Regional Headquarters, Inc.