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Subway excavation expected to start in Q2

By Arjay L. Balinbin, Senior Reporter

THE Transportation department said tunnel works for the Philippines’ first underground railway system will start by the second quarter, with the positioning of the tunnel boring machines from Japan set to start in April.

“TBM (tunnel boring machine) lowering and assembly for excavation will begin in April,” Transportation Undersecretary Timothy John R. Batan told BusinessWorld last week when asked for an update.

The new timetable represents one quarter’s slippage in subway progress. The department said in December that excavation would begin in the first quarter of 2022, with lowering and assembly taking “two to three months starting in December.”

On Jan. 8, Transportation Arthur P. Tugade announced that the Metro Manila Subway Project’s (MMSP) overall progress rate as of November 2021 was 25.09%.

“Now, the MMSP is already NEDA (National Economic and Development Authority) Board-approved, already funded by the Japanese, and its partial operability civil works, trains, and electromechanical systems already contracted,” he said in a statement.

“Actual construction works by the design-build contractor for the partial operability section began in 2019 with site clearing works at MMSP’s Valenzuela Depot,” he added.

Two out of 25 tunnel boring machines from Japan that will be used for the project arrived in Manila in February 2021.

The project was first proposed and planned in 1973 as part of the Urban Transportation Study in the Manila Metropolitan Area, the department said.

“For more than 40 years and six administrations, all we had were talk, proposals, plans, studies, drawings, and Powerpoint presentations,” the department noted.

The government broke ground on the first three stations in February 2019 after the Transportation department signed a P51-billion deal with the Shimizu joint venture, which consists of Shimizu Corp., Fujita Corp., Takenaka Civil Engineering Co. Ltd., and EEI Corp.  

The Philippines and Japan signed in March 2018 the first tranche of the P355.6-billion loan for the project.

The subway will have 17 stations: East Valenzuela, Quirino Highway, Tandang Sora, North Avenue, Quezon Avenue, East Avenue, Anonas, Katipunan, Ortigas, Shaw, Kalayaan Avenue, Bonifacio Global City, Lawton, Senate, FTI, NAIA Terminal 3, and Bicutan.

It will run across North and South zones of the Capital Region, according to the Transportation department.

“Once operational, the MMSP will reduce travel time between Quezon City and NAIA (Ninoy Aquino International Airport) from one hour and 10 minutes to just 35 minutes,” it added.

While the public will have to wait until 2025 for full operations of the 17-station subway, the government is planning to launch partial operations, covering the first three stations this year.

Pandemic setbacks could prompt PHL review of ASEAN integration goals

ICTSI

THE PHILIPPINES could call for revisions in a region-wide economic integration plan after the pandemic affected its growth trajectory, the Philippine Institute for Development Studies (PIDS) said in a report.

In a research paper, How Does the Philippines Fare in Meeting the ASEAN Economic Community Vision 2025?, PIDS said that the Philippines so far is in the middle of the pack in performance against indicators set in the blueprint in 2015.

But the coronavirus disease 2019 (COVID-19) pandemic could call for a reevaluation of these goals, researchers Francis Mark A. Quimba, Maureen Ane D. Rosellon, and Jean Clarisse T. Carlos said.

“Parts of the economy and society that were affected might not deliver the expected outcomes. The ASEAN member-states could have also tweaked their respective development plans because of the pandemic like what the Philippines has done,” they said.

The ASEAN Economic Community (AEC) blueprint set in 2015 aimed for integrated economies, a competitive and innovative region, enhanced connectivity, a resilient and people-oriented region, and a global ASEAN.

Under AEC indicators, the Philippines performed well in categories like intra-ASEAN imports, private partnerships in infrastructure investment, and tariff rates on imports. But it ranked among the lowest in intra-ASEAN exports, research and development expenditure, intra-ASEAN tourist arrivals, and number of small businesses.

“While the country is generally moving toward achieving AEC goals, its performance certainly can be further improved,” the report found.

“Within ASEAN, its ranking is somewhere in the middle, placing for most of the indicators around fourth to sixth. As the Philippines is bound to become an upper-middle-income country, it cannot settle (for) the current standing and should do more work to step up the progress being made.”

The report recommended that the government assess indicators that need improvement to address bottlenecks.

The volume of trade could still improve by improving industry efficiency, while the information and communications technology sector will need more attention.

“Various aspects of the economy have become digital, and the COVID-19 pandemic highlighted the importance of internet connectivity and digitalization. The Philippines has a relatively high cost, low speed and weak internet connection,” PIDS said.

The Philippines, the report said, could tap ASEAN as a source of foreign direct investment in technology, which could help it integrate better with the region.

The Philippines could also reevaluate its plans in response to the impact of the pandemic.

The Philippine economy expanded by 5.6% in 2021, reversing the 9.6% contraction in 2020, when drastic lockdowns slowed down business and consumer activity. But last year’s growth is still lower than the pre-pandemic 6.1% expansion in 2019.

“While the National Economic and Development Authority is actively assessing the Philippine Development Plan indicators, there is a need for the entire government (including the local government units) to update plans and incorporate the AEC targets,” PIDS said. — Jenina P. Ibañez

SEC urges caution on digital investment

REUTERS

THE securities regulator has warned the public to exercise caution in making digital and cryptocurrency investments, noting the presence in the Philippines of investment scams specializing in the assets.

At a webinar organized by the Philippine Stock Exchange on Sunday, Vicente Graciano P. Felizmenio, Jr., director of the Markets and Securities Regulation Department at the Securities and Exchange Commission (SEC) said that the regulator “is not against DLT (distributed ledger technology), it’s not against blockchain, and definitely we even encourage the use of it in the market, and we favor innovation.”

However, he warned that some entities are taking advantage of the rise of cryptocurrency, noting recent SEC advisories against scams by unlicensed parties that purport to invest client funds in digital assets.

The entities the SEC flags via its advisories defraud investors by claiming they invest in cryptocurrency.

Bangko Sentral ng Pilipinas (BSP) Circular No. 1108 or the Guidelines for Virtual Asset Providers provide that those entities that engage with virtual assets are required to secure a license from the BSP.

BSP Technology Risk and Innovation Supervision Department Director Melchor T. Plabasan said central banks are “veering away from calling these cryptocurrencies currency or money.”

“There’s really a technical and legal definition for currency or money,” Mr. Plabasan said. “It should be backed by the central bank or by a monetary authority; it should be stable.”

Cryptocurrencies in the Philippines are classified as digital or virtual assets.

Mr. Plabasan said according to current regulations on virtual asset service providers, “We really conduct thorough evaluation, on-site and off-site supervision; we do… technical review before these products and services are offered to the public and when you secure your license as a virtual asset service provider, then you are now required to comply with the BSP’s regulations,” which include rules on Anti-Money Laundering, consumer protection, and cybersecurity.

The BSP maintains a registry of licensed virtual asset providers to ensure that investors can get regulatory support.

“If you want to experience how it is to trade in retail for crypto, train in bonds.ph,” Union Bank of the Philippines Senior Executive Vice-President and Chief Technology and Operations Officer Henry Rhoel R. Aguda said.

He said bonds.ph is “a normal retail bond,” with bond investment for as little as P5,000. He said the platform uses blockchain.

“The bonds are not yet tokenized, (but) the mechanism and technology to buy and sell Philippine retail bonds is already in blockchain,” Mr. Aguda said. “That’s gone through regulatory approval, that’s in the partnership with the Bureau of the Treasury, and who knows in the future, that same experience of buying and selling retail bonds can be applied safely and securely on cryptocurrencies.” — Keren Concepcion G. Valmonte

How boards can seize the opportunity in enhanced corporate reporting

Companies are increasingly expected to broaden the quality and scope of their corporate reporting to include enhanced environmental, social and governance (ESG) disclosures. Adopting an enhanced corporate reporting approach enables an organization to articulate a unique narrative on how the business is creating long-term value for its stakeholders. Boards have both a responsibility and an opportunity to challenge their organizations to transform into sustainable businesses and redefine reporting to address the wide-ranging insights that stakeholders are looking for.

To deliver enhanced reporting, companies need to think about transforming their finance operating model so that they can inject the same rigor and relevance of traditional financial reporting into ESG reporting. Boards should challenge their finance leaders to take a fresh look at how reporting is delivered by considering three key areas: data analytics, talent strategy and C-suite collaboration.

LEVERAGING ADVANCED DATA ANALYTICS
The use of advanced analytics is instrumental in extracting relevant ESG insights from data. Advanced analytics can help companies structure, synthesize, interpret and derive insights from voluminous data, and create credible and useful ESG reporting. Bearing this out, the EY 2021 Eighth Global Corporate Reporting Survey, which examines the perspectives of more than 1,000 CFOs, financial controllers and other senior finance leaders globally, found that the top technology investment priority for finance leaders over the next three years is advanced and predictive analytics.

Yet even as finance teams seek to build a more agile financial planning and analysis approach, several data challenges stand in the way. These include the sheer volume of external data, followed closely by data quality and comparability issues, according to the abovementioned survey. Boards should assess if finance leaders have adequate resources and budgets to address these challenges and increase their use of advanced data analytics to deliver more robust reporting.

A key way to leverage data analytics to enhance the quality of reporting is to introduce forward-looking insights, for example, by bringing in external data to corroborate and provide analysis on future trends. Thereafter, this downstream reporting outcome can be used to streamline upstream activities, such as capturing data in the right format to allow for efficient collection and analysis. This requires proper planning from data collection to reporting, with technology as a key enabler. Hence, this process should be considered part of an organization’s digital transformation journey.

FUTUREPROOFING FINANCE TALENT
With accelerated technology adoption, technology and data skills will become crucial for finance teams. Indeed, survey respondents identified understanding of advanced technologies and data analytics as the top two skills respectively that will be important for finance professionals to succeed in their roles over the next three years.

To make enhanced reporting a reality, the board should mandate the management to define a talent strategy that equips the finance team with the right skills for the future. This includes hiring of talent with essential specialist skills like artificial intelligence knowledge and experience as well as upskilling the current finance workforce.

To future-proof the existing finance workforce, boards can challenge finance leaders to rethink their talent strategy and build an investment case for a major upskilling exercise. They should also assess whether the finance leaders have taken key actions, such as performing a gap assessment of current staff skill sets and creating incentives to encourage existing finance staff to pick up new skills.

Closing the technology adoption gap between the younger and mature workforce is important for driving the right culture. The senior leadership can empower the younger workforce to champion new ideas on leveraging technology through work improvement initiatives and reward successful initiatives by following through on implementation, with its support.

COLLABORATING ACROSS THE BUSINESS
A significant amount of ESG data is owned by different parts of the business, making it an imperative to collaborate across the different functions. In this regard, CFOs play a pivotal role in advancing the ESG agenda and sustainability performance among their C-suite peers to drive a cohesive ESG approach. For instance, finance leaders should work with sustainability leaders and supply chain executives on environmental performance to understand more about how the company utilizes natural resources and the effect of its activities on the environment. Boards should direct finance leaders to proactively collaborate across the organization to drive effective ESG reporting and demonstrate the economic impact of different ESG strategies and related targets to stakeholders.

Boards should also expect finance leaders to work closely with them on sustainability performance management and oversight. With their deep understanding of the regulatory and reporting standards environment, finance leaders are well-placed to lead in building trust and transparency into ESG performance.

The integration of sustainability — and broader ESG factors — into the business strategy and enterprise risk management must be a board priority. In a world where stakeholder demand for reporting on nonfinancial information is growing, the board should challenge the management to redefine reporting and be prepared to disrupt the status quo. By accelerating the digitization of finance, defining a talent strategy that focuses on reskilling employees for a very different future and strengthening C-suite collaboration, companies will be well-positioned to deliver the insights expected by their stakeholders.

Boards should consider the following questions:

• How is the company using nonfinancial reporting to communicate how it is generating long-term value for stakeholders and does its ESG reporting meet stakeholders’ expectations?

• How is the board supporting and monitoring ESG strategy development and related goals and metrics, including the identification and integration of nonfinancial key performance indicators?

• How is the organization injecting rigor into nonfinancial reporting in terms of disclosure processes, controls and obtaining external assurance?

• What governance, controls and ethical frameworks are in place to oversee the use of artificial intelligence and other technologies in the finance function?

• What are the top skill sets needed to enable an enhanced corporate reporting approach and what are the skills gaps in the current finance team?

This article is for general information only and is not a substitute for professional advice where the facts and circumstances warrant. The views and opinions expressed above are those of the authors and do not necessarily represent the views of SGV & Co. and Ernst & Young LLP Singapore.

 

Aris C. Malantic is a partner and the Financial Accounting Advisory Services leader of SGV & Co. and EY ASEAN. He is also a Market Group leader in SGV & Co. Ronald Wong is a partner and the Financial Accounting Advisory Services leader of Ernst & Young LLP Singapore.

Coronavirus lockdown in Philippine capital eased

PHILIPPINE STAR/ MICHAEL VARCAS

THE GOVERNMENT has relaxed the lockdown in Manila, the capital and nearby cities amid decreasing coronavirus infections.

Metro Manila would be placed under Alert Level 2 from Feb. 1 to 15, presidential spokesman Karlo Alexei B. Nograles said in a statement on Sunday.

Batanes, Bulacan, Cavite and Rizal in Luzon, Biliran and Southern Leyte in the Visayas, and Basilan in Mindanao would also be placed under the same lockdown level, he said.

Businesses in areas under Alert Level 2 are allowed up to 50% indoor capacity for fully vaccinated people and 70% capacity for outdoor venues.

Mr. Nograles said 40 other areas in Luzon, 21 in the Visayas and 29 in Mindanao would be placed under Alert Level 3.

Health authorities last week said Metro Manila was at moderate risk from the coronavirus.

The capital region was under Alert Level 2 before the country faced a fresh surge in infections spurred by the highly mutated Omicron variant.

The OCTA Research Group from the University of the Philippines said Metro Manila might be classified as low risk within two weeks if infections continue to decline.

Metro Manila’s average daily attack rate fell to 23.01 from 31.13 on Jan. 27, OCTA Research fellow Fredegusto P. David tweeted.

He said the region’s coronavirus reproduction number fell to 0.47 on Jan. 29 from 0.5. Still, Metro Manila’s positivity rate remained “very high” at 20% from 21%.

Aside from the capital region, Mr. David said Cavite and Rizal were also at moderate risk, though their positivity rates are still very high at 20%. He added that Batangas, Laguna and Quezon were still at high risk.

The Health department was set to release coronavirus statistics at 9 p.m. on Sunday, citing technical issues.

The Philippines on Saturday posted 17,382 cases — the lowest since Jan. 6 when the country logged 17,220 infections — bringing the total to 3.53 million.

“Cases are decreasing in Calabarzon and Central Luzon, and the rest of the Philippines as a whole,” Mr. David tweeted.

He said Metro Manila and Cebu province had the most coronavirus cases on Jan. 29 with 3,625 and 1,036, respectively.

“The uptick in the National Capital Region yesterday (Jan. 29) was a surprise and not really supported by other indicators,” Mr. David said.

The government last week relaxed international travel restrictions and suspended its COVID-19 country risk classifications, allowing the entry of fully vaccinated tourists from most countries starting next month.

The government would scrap the green-yellow-red list system starting Feb. 1, Mr. Nograles told a televised news briefing on Friday. The system classifies countries and territories based on their virus risk levels.

The presidential palace said fully vaccinated people must present a negative RT-PCR test within 48 hours before departure from the country of origin starting Feb. 1. They would no longer have to undergo quarantine upon arrival.

But they must self-monitor for coronavirus symptoms for seven days and report to the local government of destination if needed.

Mr. Nograles said unvaccinated and partially vaccinated travelers whose vaccination status cannot be validated must present a negative RT-PCR test.

They must also undergo quarantine at a government-approved facility until the release of their negative RT-PCR test taken on the fifth day. They must be home quarantined until the 14th day.

The palace official said children below 12 years old who cannot be vaccinated should follow the quarantine protocol applied to the guardians traveling with them.

Mr. Nograles also said the Philippines would now allow the entry of fully vaccinated nationals of non-visa countries starting Feb. 10.

The government last month suspended a plan to welcome back foreign tourists amid a fresh surge in infections spurred by the highly mutated Omicron variant.

Health Undersecretary Maria Rosario S. Vergeire has said it does not make sense anymore to restrict international travel when the country has high transmission rates.

She said safeguards are in place to contain the virus, adding that infections among returning migrant Filipinos remained low. — KATA

Comelec told to probe interference charge to keep public trust

PHILSTAR

By John Victor D. Ordoñez

THE COMMISSION on Elections (Comelec) should investigate allegations of interference at the agency to keep its independence and avoid public distrust, according to political analysts.

The integrity of the presidential elections this year are at stake, said Maria Ela L. Atienza, a political science professor from the University of the Philippines.

“The Comelec is already burdened by a trust deficit due to the involvement of its personnel in past election irregularities,” she said in a Viber message, citing allegations that then President Gloria Macapagal Arroyo rigged the 2004 elections in her favor.

Election Commissioner Maria Rowena V. Guanzon, who is retiring soon, last week told national TV she had voted to disqualify Ferdinand “Bongbong” R. Marcos, Jr. from this year’s presidential election. She added that a powerful politician whom she did not name was trying to influence the commissioners.

“Suggesting that one of the commissioners is susceptible to outside political interference only widens and deepens this trust deficit further,” Michael Henry Ll. Yusingco, a senior research fellow at the Ateneo de Manila University Policy Center, said in a Facebook Messenger chat.

Partido Federal ng Pilipinas, the political party of the son and namesake of the late dictator Ferdinand E. Marcos on Friday asked the Comelec to probe Ms. Guanzon for divulging her unfavorable vote in his pending disqualification case.

She should be disbarred and forfeit her retirement benefits and lifetime pension for destroying the reputation of the institution with the leak of her unpromulgated dissenting opinion, party lawyer George Briones said in a statement.

“The Marcos camp appears to be trying to affect public perception because they labeled Guanzon’s decision as “dissenting opinion” when there is officially no majority decision yet,” Ms. Atienza said. “Or it appears that they are confident that their client will get a favorable verdict.”

She added that Marcos camp should focus on his election case.

Ms. Guanzon, who is a member of the election body’s First Division told the ABS-CBN News Channel on Friday a fellow commissioner was trying to delay the release of the decision until after she retires to invalidate her vote.

Mr. Yusingco noted that since Mr. Marcos’s name is already on the ballot for the May 9 elections, delaying his disqualification cases does not make sense for his camp.

He added that they might lose voters because of the pending cases because his rivals could use the issue against Mr. Marcos.

The Bagong Alyansang Makabayan last week expressed alarm over Ms. Guanzon’s revelation and urged the Comelec to investigate it.

“Who is this politician trying to influence the Comelec?” the group said in a statement. “Shouldn’t there be an investigation by the en banc and shouldn’t this politician be cited in contempt?”

“My vote is to disqualify Marcos, Jr.,” Ms. Guanzon told GMA News on Thursday. “Based on evidence, he is guilty of moral turpitude. I will not keep it a secret, that is really the reason why all of these things are happening.”

The Comelec Second Division earlier favored Mr. Marcos in another lawsuit that sought to bar his presidential run. The case is on appeal before the Comelec en banc.

Ms. Guanzon told CNN Philippines on Thursday a powerful politician might be interfering with the release of the decision.

“He is really an ex-convict,” Ms. Guanzon said of Mr. Marcos in a video livestreamed on Friday by news website Rappler.

Endorsement by progressive coalition seen to boost Robredo’s candidacy

A BROAD-based progressive coalition’s support to the presidential candidacy of Vice President Maria “Leonor” Leni G. Robredo could boost her political machinery, analysts said at the weekend. 

This, as other presidential contenders seek the endorsement of President Rodrigo R. Duterte, whose choice might be opposed by factions within the ruling party.

The Makabayan coalition’s commitment to support Ms. Robredo and her running mate Sen. Francis “Kiko” Pangilinan is “a big boost” given its wide network and active organizing in communities, said Jean Encinas-Franco, a political science professor at the University of the Philippines.   

“It also solidifies the bid of Robredo and Pangilinan to prioritize those who belong to marginalized sectors since Makabayan has been known to be a progressive bloc geared toward labor and peasant concerns,” she said in Messenger chat. 

Labor leader and presidential candidate Leodegario “Ka Leody” de Guzman, meanwhile, said he will not withdraw his candidacy for the country’s top seat despite Makabayan’s endorsement of Ms. Robredo.

“I do not agree with Vice President Leni Robredo’s analysis on our country’s problems,” he said in Filipino during an interview with One News on Sunday.  

“We have different agendas and analyses on the country’s problems,” he added.

Following Makabayan’s endorsement, several administration critics urged the camp of Mr. De Guzman to withdraw from the race, saying he does not have the numbers to win. 

Maria Ela L. Atienza, who also teaches political science at UP, said Makabayan’s support to Ms. Robredo gives the opposition “a wider umbrella of political forces coming together.”

“It is a strategic alliance that came in time right before the formal campaign period,” she said in a Viber message, noting that the coalition’s level of organizing “reaches various sectors of society.”

“Certain segments of the grassroots can be reached,” she said. 

Former party-list lawmaker and senatorial aspirant Neri J. Colmenares announced the left-leaning bloc’s endorsement on Friday, months after they tried to unite non-administration candidates. 

The coalition of progressive party-lists and various sectoral groups has pledged to deliver three million votes for the opposition tandem. 

Mr. Colmenares is not part of Ms. Robredo’s senatorial slate, which was announced last year.  The former lawmaker had said his exclusion from Ms. Robredo’s Senate list “does not preclude us from continuing engagement and cooperation with her campaign on urgent issues that concern our people.”

COLLECTIVE AGENDA 
Michael D. Pante, who teaches history at the De La Salle University, said the unity is “historic” because this is the first time that leftists, liberals and moderates unite to support a common candidate.  

It “mirrors to a certain extent the coalescing of these different groups to push for a collective agenda,” he said in Messenger chat. 

Although the unity is far from the extraconstitutional nature of two major uprisings in history that topped two sitting presidents, Mr. Pante said “what we have today can also be understood as something greater than just a regular transfer of power from one administration.” 

Mr. Pante said the unity is a sign of political maturity since it was only made after Ms. Robredo’s camp and Makabayan agreed on key political reforms.

This is the first time Makabayan endorsed a candidate from the Liberal Party, the political party of the late President Benigno S.C. Aquino III.

Ms. Robredo, who is still the chairperson of the liberal group, is running as an independent candidate.

Makabayan endorsed the presidential candidacy of Nacionalista Party’s Manuel “Manny” Bamba Villar, Jr. in the 2010 elections, where Mr. Aquino held an overwhelming lead over other candidates. 

During his presidency, Mr. Aquino introduced several privatization programs and liberal economic policies, which had been opposed by the Makabayan coalition. 

In the 2016 election, where Mr. Duterte won, the progressive coalition endorsed the presidential run of independent candidate Mary Grace Natividad S. Poe-Llamanzares over liberal candidate Manuel “Mar” Araneta Roxas II.

Mr. Pante said the unity points to “how the Duterte administration has performed so badly that it managed to alienate practically the entire political spectrum of the Philippines save for a tiny section that is composed of the administration and its allies.” 

Ms. Atienza and Ms. Franco said it is still unclear whether the unity would be sustained given the major political differences within the coalition. 

“They have to strategize and compromise on issues and proposed policies that will be part of the platform,” Ms. Atienza said.

“If we look at the past, it may not be sustained but let us wait and see given the daunting problems of the country, they might want to focus first in addressing them instead of political calculations,” Ms. Franco said. 

She also noted that “they must be thinking that they need to unite if only to beat the Marcos camp which presumably has more resources.”

On Saturday, top officials of Makabayan said Ms. Robredo is the best chance to defeat the late dictator’s son Ferdinand “Bongbong” R. Marcos, Jr., who is now leading pre-election polls, and his running mate, presidential daughter Sara Duterte-Carpio.

Ms. Robredo beat Mr. Marcos by a hair in the 2016 vice-presidential contest. She will have to beat him again, which some see as a rerun of the 1986 snap elections, when widow Corazon C. Aquino crushed the Marcoses. That year, a popular street uprising toppled the dictator’s regime and sent him and his family into self-exile in the United States.  

DUTERTE ENDORSEMENT
Mr. Marcos last week said he still wants the Mr. Duterte’s endorsement, even after the latter called him a “weak” leader. 

Mr. Duterte’s party, the PDP-Laban which has been beset by infighting, does not have a standard-bearer.

Presidential candidates Manila Mayor Francisco “Isko” M. Domagoso and Sen. Panfilo “Ping” Lacson have also sought the presidential endorsement.

“As far as the support of local executives is concerned, no candidate has a significant edge without a clear endorsement from President Duterte,” said Micheal Henry Ll. Yusingco, a senior research fellow at the Ateneo Policy Center.

He said the political field is fair to all high-profile presidential candidates “in the absence of any clear directive from the President.” 

“So, at this stage, it is still difficult to say if the Marcos-Duterte tandem has captured the majority of local politicians.”

Ms. Atienza said local politicians are usually “not bound to be loyal to a particular national tandem,” noting that they prioritize their own electoral chances and “can switch tandems and parties they will campaign for before elections or after.” — Kyle Aristophere T. Atienza and John Victor D. Ordoñez

Authorities to look into alleged assassination plot vs Marcos

REUTERS

THE JUSTICE department has directed the National Bureau of Investigation (NBI) to validate an anonymous tip of a supposed assassination plot against presidential candidate Ferdinand “Bongbong” R. Marcos based on a video posted on social media platform TikTok. 

Justice Secretary Menardo I. Guevarra said in a Viber message on Sunday that the NBI will prioritize any validated information on threats to the security of any presidential candidate. 

Charito A. Zamora, director of the Department of Justice (DoJ) Office of Cybercrime confirmed in a separate Viber message that the agency received reports of threats made on TikTok to assassinate the late dictator’s son.

“We made an initial investigation on the matter and referred the same to the NBI-CCD & PNP-ACG (police anti-cybrecrime group) for further investigation,” Ms. Zamora said.

“We also emailed the Tik Tok Law Enforcement Outreach and requested the data related to the subject account be preserved pending investigation by the law enforcement agents concerned,” she said. 

Marlon M. Villarin, a political science professor from the University of Santo Tomas said it is but appropriate for authorities to launch a probe.

“Regardless whether it’s a real threat or just propaganda, whoever is the target of these life-threatening remarks,” Mr. Villarin said via Viber.

“The DoJ should investigate not just to protect the possible victim but it is also a way how government wanting the citizens, in general, to be responsible and accountable in the exercise of their freedom of expression amidst a politically critical period,” he said. 

He added that a candidate leading in surveys such as Mr. Marcos will not likely resort to propaganda like an assassination attempt. — John Victor D. Ordoñez

Gordon calls for stronger cybersecurity laws after phishing cases of teachers’ accounts

PHILSTAR FILE PHOTO

A SENATOR has filed a resolution seeking an inquiry to strengthen legislation on cybersecurity, following a series of online theft incidents that victimized public school teachers.

“The Senate must spearhead an inquiry, in aid of legislation, on strengthening existing pertinent legislation on cybersecurity in close cooperation with law enforcement,” Senator Richard J. Gordon, Sr. said in a statement on Sunday. 

He filed Senate Resolution 987 directing the upper chamber to investigate the rising number of reported cases of government employees losing money in their bank accounts.

The Department of Justice, in an order dated Jan. 25, has directed the National Bureau of Investigation (NBI) to “conduct an investigation and case build-up on alleged phishing schemes victimizing teachers” with accounts with the state-owned Land Bank of the Philippines (LANDBANK). 

Phishing is the fraudulent practice of sending emails purporting to be from reputable companies to induce individuals to reveal personal information such as passwords or credit card numbers. 

Nonprofit organization Teachers’ Dignity Coalition, in a statement on Friday, said they have so far received 49 complaints and initially forwarded 26 cases to the NBI, including 19 that were earlier sent by the Department of Education. 

The group said all the complaints received amount to about P1.9 million, with the highest individual loss at  P292,130. 

“The Senate is compelled to act on the vicious commission of cybercrimes against the Filipino people, particularly against teachers and other public servants, private employees, and businesses taking away their hard-earned savings, violating their financial security, assaulting their cybersecurity, and disregarding their rights,” Mr. Gordon said. — Alyssa Nicole O. Tan 

Bill on national center for elderly seen to hurdle House, but Senate version still at committee level

PHILIPPINE STAR/ MICHAEL VARCAS

A BILL that seeks to establish a national health and research center specializing in care for the elderly can be approved on final reading before the House of Representatives on Monday, one of its authors said on Friday.

Deputy Speaker and Manila Rep. Bienvinido “Benny” M. Abante, who authored House Bill 10697 or the Geriatric Health Act, said he is confident that the measure will be approved by the House on third reading since it has always backed measures that help senior citizens.

“This goes beyond optimism; the track record of the House shows that it has always supported measures that benefit our senior citizens, and I believe we can expect the same support for the passage of this bill,” Mr. Abante told BusinessWorld in an email.

However, a counterpart bill in the upper chamber, filed by Senator Aquilino Martin “Koko” L. Pimentel III in 2019, remains pending at the committee level.

Congress will go on a more than three-month recess from Feb. 5 to May 22 for the May 9 elections. It will resume sessions from May 23 to June 3 and go on sine die adjournment from June 4 to July 24. 

Under the House version, a National Health Center for Geriatric Health and Institute will be established.

Quezon Rep. Angelina “Helen” D.L. Tan, who co-authored the bill and chairs the House Committee on Health, said the proposed law is important as most senior citizens have difficulty accessing health care services as most of them do not have a pension and not enough money to afford it. 

She noted that only 23% of them receive a pension under the Social Security System for the private sector, 6% from the public service system, and 16% get a social pension worth P500 monthly.

“…Another concern is the shortage of facilities and doctors that cater specifically to the elderly,” she said.

“The Philippines is projected to transition to an aging population between 2025 to 2030. These will have implications for the health system,” she added. — Jaspearl Emerald G. Tan

GenSan City takes lead in drafting local energy code in Mindanao

A VIEW of General Santos at night as seen from Sanchez Peak, a popular spot in an upland area within the city. — EPORTAL.GENSANTOS.GOV.PH

GENERAL SANTOS City, one of the main urban centers in Mindanao and known as the Philippine’s tuna capital, is the first local government in the country’s south to start developing its own energy code to ensure sustainable and affordable electricity supply.

“As we endeavor to codify our energy plans and programs, and with General Santos City being the lead in Mindanao is a very important, giant step towards demonstrating that we have the matters in our hand,” Mindanao Development Authority (MinDA) Executive Director Romeo M. Montenegro said during the Local Energy Code Training-Workshop on Jan. 26. 

All provinces, cities and municipalities are mandated to draft localized guidelines to streamline the processing of energy projects. The code is also intended to integrate power supply plans into the overall development strategy.

This requirement is contained in Republic Act No. 11234 or the Energy Virtual One-Stop Shop (EVOSS) Act passed in 2019, and a corresponding joint order from the energy and local government departments.

Having an energy code, Mr. Montenegro said, gives local governments direction and control “in developing the kind of energy to effectively address the long-term adverse impact of climate change and promote energy transition.”

The MinDA official said while the southern islands currently enjoy excess energy level and the city’s distributor has a firm 25-year contracted supply, demand is expected to grow faster in the next couple of years, especially in urban hubs such as General Santos. 

“The coming up of local energy code will serve the purpose of guiding all stakeholders, the private sector and the local governments in terms of framing the kind of development that we all desire for our respective LGUs (local government units) — a development that is not only looking at economic metrics or addresses poverty situation, but a kind of development that looks at the impact of the current situation,” he said. 

Mr. Montenegro, who also heads the technical working group of the Mindanao Power Monitoring Committee, also said the recent signing of another law, the Microgrid Systems Act under RA 11646, paves the way for faster rollout of off-grid energy systems in remote areas.

“This is exactly the direction we want to pursue vigorously in Mindanao to achieve 100% electrification target even before,” he said.

He stressed that energy supply — one that is inclusive and with a balanced mix of renewables and fossil fuel — “is very much aligned” with the peace and development roadmap for Mindanao. — MSJ

Panguil Bay Bridge construction 42% done

DPWH

CONSTRUCTION of the 3.17-kilometer Panguil Bay Bridge was 41.83% done as of end-January with 40 of the 54 bored piles foundation already in place, the Department of Public Works and Highways (DPWH) reported. 

In a statement on Sunday, DPWH said it is aiming to accomplish 80% of the job by end-2022 and completion by December next year.

The P7.38-billion priority infrastructure project is funded through a loan from the Korean Export Import Bank. 

The bridge crosses Panguil Bay in the Northern Mindanao Region in southern Philippines.

Connecting Lanao del Norte’s capital Tubod and Tangub City in Misamis Occidental, the bridge will cut travel time to under 10 minutes from the current two to 2.5 hours through a 100-kilometer route or via a roll-on, roll-off vessel.

Once completed, it will be the country’s longest, beating the 2.16-kilometer San Juanico Bridge that connects the islands of Samar and Leyte.