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PHL stocks rise as gov’t eyes targeted lockdowns

PHILIPPINE STAR/KRIZ JOHN ROSALES

STOCKS rallied on Thursday as investors went bargain hunting and after the government said it could impose targeted lockdowns instead of country- or province-wide quarantine restrictions to curb the spread of coronavirus disease 2019 (COVID-19).

The Philippine Stock Exchange index (PSEi) went up by 48.72 points or 0.71% to close at 6,834.66 on Thursday, while the all shares index gained 16.85 points or 0.40% to 4,232.11.

“The market rallied on expectations that granular lockdowns will now be implemented that will in effect conclude the tight nationwide restrictions. This will indicate that more industries will be reopened [on] a sustainable basis,” Papa Securities Corp. Equities Strategist Manny P. Cruz said in a text message.

“With the COVID-19 virus reproduction rate on the downtrend and [expected to] fall below 1 this month as per OCTA, we may expect a further easing of restrictions going forward, thus local market rebounded on bargain hunting…,” Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message.

Researchers from the OCTA Research group said in a televised briefing on Monday that the COVID-19 reproduction rate in Metro Manila may drop to less than one by Sept. 13 to 14 from 1.47 currently.

On Wednesday, the Health department logged 14,216 new COVID-19 infections. Active cases stood at 140,949.

Interior Undersecretary Jonathan E. Malaya told a televised briefing on Wednesday that the shift to two-week granular lockdowns in high-risk areas is up “for final approval” of the government’s interagency task force for the pandemic. These lockdowns will be limited to a building, street or barangay that record rising cases, officials earlier said.

Local government officials of Antipolo and Muntinlupa have already imposed granular lockdowns in their areas to curb the spread of the virus. Meanwhile, Metro Manila is under modified enhanced community quarantine until Sept. 7.

All sectoral indices posted gains on Thursday. Mining and oil surged 195.87 points or 2.10% to finish at 9,491.10; industrials went up by 90.56 points or 0.90% to 10,075.68; services climbed 15.74 points or 0.89% to 1,780.03; property gained 25.31 points or 0.83% to 3,068.07; holding firms improved by 40.16 points or 0.59% to end at 6,818.70; and financials inched up by 4.12 points or 0.28% to 1,441.67.

Value turnover dropped to P6.92 billion on Thursday with 1.52 billion issues switching hands, from the P8.82 billion with 2.02 billion issues traded on Wednesday. 

Advancers beat decliners, 110 against 86, while 58 names closed unchanged.

Net foreign selling more than doubled to P69.83 million on Thursday from the P30.61 million seem the previous day.

Papa Securities’ Mr. Cruz said the market is on track to test the 7,000 resistance level in the near term. — K.C.G. Valmonte

DoH reports 16,621 more COVID-19 infections

PHILIPPINE STAR/ MICHAEL VARCAS
A DRIVER gets Sinovac vaccine at a drive thru vaccination site dubbed as vaccine express at a parking lot of a mall in Novaliches in Quezon City. — PHILIPPINE STAR/ MICHAEL VARCAS

By Kyle Aristophere T. Atienza, Reporter

PHILIPPINE health authorities on Thursday reported 16,621 coronavirus cases, bringing the total to more than two million.

The death toll rose to 33,680 after 148 more patients died, while recoveries increased by 10,965 to 1.84 million, the Department of Health (DoH) said in a bulletin.

There were 146,510 active cases, 96.2% of which were mild, 1.1% did not show symptoms, 1.1% were severe, 0.99% were moderate and 0.6% were critical.

The agency said 92 duplicates had been removed from the tally, 78 of which were tagged recoveries and one as a death, while 66 recoveries were reclassified as deaths. Five laboratories failed to submit data on Aug. 31.

Metro Manila had a daily average of 4,637 coronavirus cases from Aug. 26 to Sept. 1, 12% higher than a year earlier.

The reproduction number of coronavirus cases in the capital region had fallen to 1.39 from 1.53 a week earlier, the OCTA Research Group from the University of the Philippines said in a report on Thursday.

Metro Manila’s latest coronavirus reproduction number is below the critical cut-off of 1.4, it added.

“Based on current trends, it is possible that the reproduction number in the National Capital Region may decrease to below 1 by the third week of September,” OCTA said. “Until then, we should expect new cases to continue to increase, albeit at a slower growth rate.”

OCTA said the reproduction number in 11 of 17 areas in the capital region were at critical levels.

The group said Metro Manila’s average daily attack rate was within the critical range at 33.2 for 100,000 people a day.

The attack rate in 14 out of 17 local government units in the region were also at critical levels.

Metro Manila’s positivity rate from Aug. 25 to 31 was 24%, OCTA said. It added that 69% of the region’s hospital beds had been occupied, while 71% of its intensive care units (ICU) were used.

Meanwhile, presidential spokesman Herminio L. Roque, Jr. said the government would not enforce a three-week strict lockdown to avoid worsening hunger.

“We are aiming for total health,” Mr. Roque said, noting that the government was trying to minimize critical cases and deaths.

Some health experts earlier urged the government to enforce a three-week enhanced community quarantine in areas with high coronavirus infections, saying the spike had yet to peak.

BOOSTERS
The country is struggling to vaccinate its entire adult population amid the threats of emerging coronavirus variants.

As of Sept. 1, more than 14 million Filipinos or 18.29% of the Philippine population have been fully vaccinated, Mr. Roque told the same briefing.

He said the Philippines had received about 52.6 million doses of coronavirus vaccines, more than 32 million doses of which were paid for by the government and about 3.62 million doses were bought by the private sector and local governments.

Mr. Roque said 13.3 million doses were donated under a global initiative for equal access. More than three million doses were donated by various countries, he added.

Also on Thursday, vaccine czar Carlito G. Galvez, Jr. said the Philippine government is in talks with four vaccine makers for booster shots that could arrive by the last quarter.

“We are now negotiating with four manufacturers that can possibly supply boosters either by the end of the fourth quarter or early first quarter,” he told CNN Philippines.

Health Secretary Francisco T. Duque III earlier told a House of Representatives committee hearing the Budget department had cut the agency’s proposed P104-billion budget for booster shots next year to just P45 billion.

The budget for the top-up shots would only be funded if the government can raise enough money for it, he added.

Duterte daughter says senators offered to be her VP running mate

DAVAO CIO

PRESIDENT Rodrigo R. Duterte’s daughter said at least two senators had offered to be her vice presidential running mates next year.

In a statement on Wednesday night, Davao City Mayor Sara Duterte-Carpio said Senators Christopher Lawrence T. Go and Sherwin T. Gatchalian had expressed their intent to run with her.

Last month, the PDP-Laban faction led by Energy Secretary Alfonso G. Cusi endorsed the vice presidential bid of her father, President Rodrigo R. Duterte, and a potential presidential run by Mr. Go.

Mr. Duterte has accepted the nomination, while Mr. Go rejected the offer.

Ms. Carpio, who is believed to be seeking the presidency in 2022 elections, also said a proposal to make former Defense Secretary Gilberto Eduardo Gerardo C. Teodoro her running mate “was made known through common friends.”

Certain groups also want House Majority leader Martin G. Romualdez and Senator Juan Edgardo M. Angara to be her vice-president, she added. “I cannot confirm if these are true.”

Ms. Carpio said she had read reports of a possible tandem between her and the late dictator’s son, former Senator Ferdinand “Bongbong” R. Marcos, Jr.

But she belied her father’s claim that Senator María Imelda Josefa “Imee” R. Marcos wanted to be her running mate.

“This is not true,” Ms. Carpio said. “She visited me in Davao last May 29 to personally relay her birthday wishes. So far, this is the only visit she has made to me in Davao.”

Mr. Duterte made the claim at a taped Cabinet meeting, where he defended his former economic adviser Michael Yang, who had been implicated in the government’s procurement of overpriced medical goods from Pharmally Pharmaceutical Corp., a unit of Taiwan-based Pharmally International.

A video from state media was played at a Senate Blue Ribbon Committee hearing last week that showed Mr. Yang introducing officials of Pharmally International to Mr. Duterte in March 2017.

Ms. Marcos earlier said leaders of Pharmally have active criminal cases in Taiwan for alleged stock manipulation.

She said Mr. Yang “appears to be the go-to powerbroker in the Philippines for Chinese politicians and businessmen looking for smooth transactions in the country.”

Presidential spokesman Herminio L. Roque, Jr. said the government deal with Pharmally was above board.

“In law, we have a principle that a corporation has a separate personality, separate and distinct from the stockholders,” he told a televised news briefing on Thursday.

Mr. Go, the President’s long-time friend, has been linked to former budget official Lloyd Christopher Lao, who signed most of the deals with Pharmally.

Ms. Marcos, Mr. Go and Mr. Angara were elected senators in 2019. Mr. Gatchalian’s term will end next year.

Ms. Carpio earlier said her father had asked her to either endorse the Go-Duterte tandem in the 2022 elections, or take in Mr. Go as her vice-president.

Political analysts have said the administration is trying to create an impression that Mr. Duterte’s brand of leadership is still needed.

Mr. Duterte has said he would not run for vice-president if his daughter decides to seek the presidency. In July, Ms. Carpio said she was open to running for president. — Kyle Aristophere T. Atienza

P50.4B for healthcare workers’ benefits in 2022 slashed, says DoH  

PHILIPPINE STAR/ MICHAEL VARCAS

By Russell Louis C. Ku 

THE DEPARTMENT of Health (DoH) said on Thursday that a P50.4 billion in its 2022 budget supposedly allotted for healthcare workers’ allowances and other benefits was slashed by the executive department.   

Health Secretary Francisco T. Duque III revealed in a House budget hearing that the DoH originally proposed a P73.99 billion fund for next year to the Department of Budget and Management.  

The original proposal included P50.41 billion for the special risk allowance, meals and transportation allowance, and life insurance for medical frontliners. 

Mr. Duque made the disclosure after Marikina Rep. Stella Luz A. Quimbo questioned the Health department on why only P19.67 billion was allotted for pandemic response in the 2022 National Expenditure Program.    

She said that amount is too small for the pandemic response, citing that the national government allotted a total of P160.97 billion to the Health department from this year’s budget and the Bayanihan I and II, the two laws passed for coronavirus response and stimulus funds. 

In a separate hearing Wednesday, Mr. Duque also admitted that the DoH does not have any budget allotted next year for allowances to healthcare workers.   

He said the budget for special risk allowances were placed under Bayanihan III which is still pending approval at the Senate.    

Healthcare workers have been demanding for the immediate release of their hazard pay and special risk allowances, with some groups staging protest actions beginning this week.    

Mr. Duque said this is currently being addressed by the Health department.   

“P311 million was already obligated last week for 20,000 healthcare workers, mostly from the private sector. We also followed up for (the payments) of 17,000 more for a budget requirement of P201 million. We also requested to DBM for P13.2 billion for the meals, accommodation, and transportation benefits due to our healthcare workers,” he said in a mix of English and Filipino.   

He also said that DoH will also provide lawmakers a copy of the initial P73.99-billion proposed budget for pandemic response for consideration of additional budget for these allowances.   

PROCUREMENT
Cagayan de Oro City Rep. Rufus B. Rodriguez also asked Mr. Duque whether they have plans to transfer funds from next year’s budget allocated for protective equipment and COVID-19 (coronavirus disease 2019) testing to the Budget department’s procurement service (PS-DBM).   

State auditors found that in 2020, DoH transferred P42 billion to implementing agencies, including the PS-DBM, without any memorandum of agreement and other supporting documents.   

Mr. Duque said they would no longer transfer funds to the PS-DBM.   

“The situation has changed in a sense that we can now do the bids and awards. We have our own committee and we will be able to maximize this capacity. Although it’s still limited because the work of our officials as members of the bids and awards committee is an added work,” he said.  

Immigration bureau warns vs fake entry permits sold online  

BUREAU OF IMMIGRATION FACEBOOK PAGE

THE BUREAU of Immigration warned foreigners against paying for supposed entry permits being offered online, saying it does not provide such service.  

“There is no such service.  We believe that these scammers prey on the people they see on Facebook,” Immigration Commissioner Jaime H. Morente said in a news release on Thursday.   

Mr. Morente said one of the victims reported being asked to contact an immigration officer to ensure smooth entry to the country in exchange for money. The alleged officer is not an employee of the bureau based on records.  

“It is disconcerting to know that there are still those who can take advantage of the vulnerable even during a pandemic,” Mr. Morente said.   

Apart from Philippine nationals, only foreign spouses and children of Filipinos, foreign parents of Filipino minors, and foreigners holding immigrant and non-immigrant visas are currently allowed to enter the country.   

Foreigners with tourist visas must first obtain entry exemption documents from Philippine posts abroad to enter the country.  

A travel ban is also in effect until Sept. 5 for passengers from India, Pakistan, Bangladesh, Sri Lanka, Nepal, United Arab Emirates, Oman, Thailand, Malaysia, and Indonesia from Sept. 1 to 5. — Bianca Angelica D. Añago  

Rights group appeals for vaccine allocation to inmates amid jail overcrowding   

PHILIPPINE STAR/ MICHAEL VARCAS

A HUMAN rights group said on Thursday that the government should immediately allot coronavirus disease 2019 (COVID-19) vaccines to prisoners after state auditors flagged the Bureau of Jail Management and Penology (BJMP) for overcrowding in jails nationwide.    

Kapatid, a group advocating for the protection of political prisoners, said in a statement that the national government bears responsibility in protecting the health of every person deprived of liberty, especially those who are elderly and immunocompromised.   

The Commission on Audit (CoA), in its 2020 report, found that the BJMP exceeded the ideal jail capacity by 403%, reporting a total of 115,336 inmates, more than triple the ideal population of 34,893.   

“Congestion in jails resulted in health and sanitation problems as well as increased gang affiliation of inmates,” state auditors said.   

Kapatid Spokesperson Fides M. Lim also questioned Justice Secretary Menardo I. Guevarra’s statement on April 13 that he would seek to include detainees in the government’s priority list for vaccination.   

“Five political prisoners have already died since the start of the pandemic in the very regions which the CoA identified as having the highest jail congestion rates (such as) Calabarzon, Central Luzon, and Metro Manila” she said.  

Ms. Lim also said that only eight out of 713 political prisoners have received their COVID-19 jab, which came from the vaccination program of local governments.   

“The BJMP should stop passing the buck to local government units for the vaccination of detainees under their jurisdiction when there are billions of pesos from national government resources that the CoA said were either unliquidated or unutilized,” she said. — Russell Louis C. Ku  

De Lima seeks probe on under-utilization of transport funds, project delays  

PHILIPPINE STAR/ MICHAEL VARCAS

OPPOSITION senator Leila M. de Lima has filed a resolution calling for an investigation on the Department of Transportation’s (DoTr) deficiencies in the disbursement of coronavirus aid funds and delays in its project implementation.    

Ms. De Lima, chair of the Committee on Social Justice, Welfare and Rural Development, filed the resolution Tuesday to seek an explanation from Transport officials as well as thresh out weaknesses in the system.   

“Concerned offices and officials must therefore be enjoined to explain their failure to perform their mandates,” she said in a statement on Thursday.  

The senator, citing the 2020 Commission on Audit report, said “the underutilization of DoTr’s aid funds not only hindered its optimum use towards much needed programs, it also immobilized already scarce funds” that could have been given to the health and education sectors.  

The audit report also noted a delay in 15 foreign-assisted projects with an aggregate cost of P1.3 trillion.  

State auditors also said that the Transport department failed to deliver license plates despite acquiring P2.2 billion from registrants.  

“It is also imperative that DoTr’s policies are looked into to ascertain whether existing bureaucracies in its system hamper the performance of duties,” said Ms. De Lima. — Alyssa Nicole O. Tan 

Upgraded Catarman Airport can now serve 50,000 passengers annually 

DOTR

THE TRANSPORTATION department inaugurated on Thursday the upgraded Catarman Airport in Northern Samar province, which can now accommodate 50,000 passengers annually.  

The improvements allow the airport located in the capital town to serve 150 passengers at any given time, up from 50 previously, and 50,000 passengers annually, up from 25,200 previously, the department said in a statement.  

“This significant capacity increase aims to help the whole projected 250,000 tourists and travelers coming within the region, as well as travelers from outside and nearby regions using different ports of entries once quarantine restrictions are relaxed,” it noted.  

Upgrades made include a new perimeter fence, a re-blocked apron pavement, and asphalt overlay and shoulder grade correction at the runway.   

The enhancements also include the construction of a fire station building, a powerhouse, and a flight service station.   

The department said upgrade works were completed in August.  

Key officials from the Transportation department and the Civil Aviation Authority of the Philippines led the ceremony. — Arjay L. Balinbin 

Genome sequencing lab in UP Mindanao still awaiting fund 

PGC.UPMIN.EDU.PH

THE PLANNED whole genome sequencing laboratory in Mindanao is still awaiting funding from the Health department, according to a regional official.   

To be set up at the University of the Philippines-Mindanao in Davao City, the satellite laboratory will be handled by the UP-Philippine Genome Center based in the campus.   

The head of the Department of Health-Davao ’s Regional Epidemiology Surveillance Unit, Rachel Joy Pasion, said in a virtual presser that the establishment of such a laboratory will require “a lot of funds” for equipment, kits, and manpower.   

“Whole genome sequencing is very tedious and it would entail human resource, machine, which cost millions,” she said in mixed English and Filipino. “There are machines that can process hundreds of specimens but it would entail seven digits as to the funding.”   

The government earlier announced plans to set up genome sequencing labs in the Visayas in central Philippines and Mindanao in the south to expand capacity for the immediate need to detect variants of the coronavirus disease 2019 (COVID-19). All genome sequencing is currently done by the Philippine Genome Center in Manila.  

“They (national government) are not promising anything but the target within this year, hopefully November we could establish our whole genome sequencing here in the region,” Ms. Pasion said. — Maya M. Padillo 

NLEX outlasts Alaska, 84-74

THE NLEX Road Warriors improved to 3-2 in the PBA Philippine Cup after defeating the Alaska Aces, 84-74, on Thursday. — PBA IMAGES

By Michael Angelo S. Murillo, Senior Reporter

THE NLEX Road Warriors outlasted the Alaska Aces, 84-74, in their battle of middling teams in  Philippine Basketball Association (PBA) Philippine Cup action on Thursday at the Don Honorio Ventura State University (DHVSU) Gym in Bacolor, Pampanga.

NLEX played firmer late in the second half to turn things around on its way to booking its third win in five matches in the season-opening Philippine Basketball Association tournament.

The contest got off to a competitive start with the teams not giving much headway to one another.

The Road Warriors were on top by a slim margin, 20-19, at the end of the first quarter and continued to hold sway at the break, 38-37.

Alaska came out on a better footing at the start of the third quarter, outscoring NLEX, 15-4, in the first five minutes of the frame to take a 52-42 lead.

But the Road Warriors regained their footing after on the lead of guards Kevin Alas and Jericho Cruz and veteran big man JR Quinahan.

They went on an 11-0 run to reclaim the lead, 53-52 by the 2:49 mark and stayed ahead, 59-55, heading into the final quarter.

At the start of the fourth, action continued to be nip-and-tuck, with the count standing at 69-68, and NLEX ahead, with 6:40 left to play.

NLEX, however, created distance after, going on an 11-3 blast in the next three minutes to build an 80-71 advantage.

The Aces narrowed the gap to 80-64 but would not get any closer than that as the Road Warriors went on to close things out.

Mr. Quinahan led the balanced scoring by NLEX with 18 points while Mr. Alas had 17 to go along with seven rebounds and three assists.

Mr. Cruz and Kevin Ighalo, meanwhile, each had 15 points in the win.

For Alaska, which dropped to 2-4 in the ongoing tournament, it was Maverick Ahanmisi who led with 17 points, followed by Michael DiGregorio with 16.

“It’s tough to play in a new environment, new court and under strict protocols. There were a lot of adjustments for us,” said NLEX coach Yeng Guiao after their win and first game back after the month-long stoppage of PBA play because of coronavirus disease 2019 (COVID-19) concerns.

NLEX played without key cogs Kiefer Ravena (in Japan to temporarily play there), Anthony Semerad (wife gave birth) and Raul Soyud (injured).

PBA games on Friday will have the Magnolia Hotshots Pambansang Manok (4-1) taking on the Blackwater Bossing (0-5) at 12:30 p.m., Barangay Ginebra San Miguel Kings (2-2) against the Terrafirma Dyip (1-4) at 3 p.m., and TnT Tropang Giga (4-0) versus the Meralco Bolts (5-1) at 6 p.m.

EJ Obiena rises to fifth in pole vault world rankings

POLE-vaulter Ernest John U. Obiena rose to fifth in the world rankings in the latest World Athletics update.

Twenty-five-year-old Mr. Obiena climbed a rung from the previous week’s list boosted by his silver medal finish in the Paris leg of the Wanda Diamond League last weekend where he set a new personal best and Philippine record.

As of Aug. 31, World Athletics listed Mr. Obiena at fifth with a score of 1,361 points.

Sweden’s world record holder and Olympic gold medalist Armand Duplantis continues to lead the rankings with 1,538 points, followed by Americans Christopher Nilsen (1,423) and Sam Kendricks (1,393) and France’s Renaud Lavillenie (1,380).

The Philippine bet, who represented the country in the recent Tokyo Olympic Games, shared the development on his official Facebook page, describing it as part of his journey to improvement and a proud moment he is sharing with the Filipinos.

“World no. 5. An ordinary man guided by God’s extraordinary grace. I may not meet the expectations, but I keep trying. Thank you for all the prayers and support. The journey continues and I am proud to carry the nation with me. Getting there,” he wrote.

In the recent Paris event, Mr. Obiena finished second to Mr. Duplantis but cleared 5.91 meters, topping the previous national record of 5.87m which he himself established in July this year in Poland.

In clearing 5.91m, he only needed one attempt. Mr. Obiena tried to clear 5.96m and 6.01m after but was not successful.

For setting a new Philippine record, the Philippine Sports Commission said Mr. Obiena will receive P250,000 as incentive under Republic Act 10699, or the expanded National Athletes, Coaches, and Trainers Benefits and Incentives Act. — Michael Angelo S. Murillo

ONE Championship’s historic ‘Empower’ event takes center stage

ONE Championship makes history on Friday as it presents the first all-women’s fight card hosted by a major global martial arts organization.

Titled “ONE: Empower,” the marquee event will happen at the Singapore Indoor Stadium and feature eight fights involving some of the top women fighters in the world.

Headlining the card is the strawweight world championship clash between reigning champion Xiong Jing Nan (15-2) of China and Brazilian challenger Michelle Nicolini (6-2).

Ms. Xiong, 33, has been on a tear since winning the title of the 52.3kg division in January 2018.

She has successfully defended the strawweight title four times, the last one against Tiffany Teo of Singapore by way of unanimous decision.

Ms. Nicolini, 39, meanwhile, is the no. 2-ranked strawweight contender and world champion jiu-jitsu fighter.

She has competed in ONE six times, winning five, including her last fight in July 2019 against reigning atomweight champion Angela Lee (unanimous decision) in a strawweight battle.

Empower will also kick off the much-anticipated ONE world atomweight grand prix.

Competing in four quarterfinal matches are Denice Zamboanga of the Philippines versus Seo Hee Ham of South Korea, Alyona Rassohyna of Ukraine against Stamp of Thailand, Meng Bo of China vs. Ritu Phogat of India, and Itsuki Hirata of Japan against Alyse Anderson of the United States.

Winners in the opening round advance to the semifinals and then to the finals where the remaining two dispute the grand prix belt and earn a shot at the world atomweight title against champion Ms. Lee.

“She’s the strongest, I think the strongest in the card. The strongest opponent that I’ll be facing throughout my career, so I think this would be a hard fight for the both of us,” said Ms. Zamboanga of her opponent Ms. Seo during the virtual face-off and media day for the event on Tuesday.

“Let’s see what happens on Sept. 3,” she added.

Also part of the main card is the atomweight kickboxing collision between France’s Anissa Meksen and Spain’s Cristina Morales.

Featured in the lead card, meanwhile, is Filipino-American Jackie Buntan, who will take on Argentina’s Daniela Lopez in a strawweight muay thai bout.

It will also have veteran martial artist Mei Yamaguchi of Japan against Brazil’s Julie Mezabarba in an alternate bout for the atomweight world grand prix.

Having been a professional fighter for more than a decade now, Ms. Yamaguchi said the all-female card by ONE is a welcome development.

“I have seen a lot of things happen in martial arts throughout the years and this (Empower) is a historic event. I’m excited to be part of it.”

ONE: Empower will be broadcast live over One Sports beginning at 7:30 p.m. and over ONE’s mobile app. — Michael Angelo S. Murillo

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