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Globe 5G traffic up 24x in February

Globe experienced a significant increase in traffic — up 24 times to 416.76 TB in February 2021 from September 2020 as it continued to expand its 5G network locally.

Sustained fire ups and boosting of 5G sites, as well as availability of affordable devices that allow customers to enjoy better data experience have contributed to the rise of this technology.

5G’s unbeatable speeds and almost real-time latency opens a world of countless possibilities that Filipinos can look forward to as more and more areas are transformed into 5G-powered smart cities, delivering new experiences in retail, entertainment, gaming and healthcare.

Globe is a pioneer in 5G technology in the Philippines, as the first mobile operator in Southeast Asia to commercially launch 5G AirFiber for Home use in 2019. Subsequently, the telco launched its 5G for mobile in 2020. The telco continues to expand its 5G network, now covering 82% of Metro Manila. Continuous expansion is being done in key areas nationwide driven by the demand of the public for better connectivity.

In fact, these vigorous and sustained efforts have shown positive results as the Philippines led the rest of the world in improvements in 5G technology compared to 4G, when it comes to Video Experience* with a 40% score, international analytics firm Opensignal reported in its latest insight analysis, “Benchmarking the global 5G experience.” The country bested Thailand which placed second to the Philippines, posting a 29% boost while Hong Kong showed an improvement of 14%.

The country has also overtaken countries like Australia and Hong Kong, ranking second in 5G Download Speed Improvement with 10.1 times increase versus 4G at 117.2 Mbps.

According to Ian Fogg, Opensignal lead analyst, “For 5G to be relevant to mainstream mobile users, the latest mobile technology must offer an excellent and superior mobile network experience. In this analysis, we quantify just how good the 5G experience can be.”

As of February 19 this year, Globe’s 5G coverage is present in 960 locations in the National Capital Region and 240 areas in Visayas and Mindanao.

*Independent data referenced with consent from Opensignal, “Benchmarking the global 5G experience – February 2021″ © 2021 Opensignal Limited.

Novavax vaccine 96% effective against original coronavirus, 86% vs. British variant in UK trial

Novavax Inc.’s coronavirus disease 2019 (COVID-19) vaccine was 96% effective in preventing cases caused by the original version of the coronavirus in a late-stage trial conducted in the United Kingdom, the company said on Thursday, moving it a step closer to regulatory approval.

There were no cases of severe illness or deaths among those who got the vaccine, the company said, in a sign that it could stop the worse effects of new variants that have cropped up.

The vaccine was 86% effective in protecting against the more contagious virus variant first discovered and now prevalent in the United Kingdom, for a combined 90% effectiveness rate overall based on data from infections of both versions of the coronavirus.

Novavax shares jumped 22% in after-hours trading to $229. They were trading below $10 on Jan. 21, 2020, when the company announced it was developing a coronavirus vaccine.

In a smaller trial conducted in South Africa—where volunteers were primarily exposed to another newer, more contagious variant widely circulating there and spreading around the world—the Novavax vaccine was 55% effective, based on people without HIV, but still fully prevented severe illness.

Novavax Chief Medical Officer Filip Dubovsky said the performance in South Africa suggests there may still be a case for using it in areas where the South African variant is dominant.

Novavax is also developing new formulations of its vaccine to protect against emerging variants and plans to initiate clinical testing of these shots in the second quarter of this year.

Results from the final analysis of the UK trial were largely in line with interim data released in January.

The company expects to use the data to submit for regulatory authorization in various countries. It is not clear when it will seek US authorization or if regulators will require it to complete an ongoing trial in the United States.

Novavax expects data from a 30,000-person trial in the United States and Mexico by early April.

Mr. Dubovsky said that Novavax is still planning to file for authorization from UK regulators early in the second quarter of 2021.

The UK trial, which enrolled more than 15,000 people aged 18 to 84, assessed efficacy of the vaccine during a period with high transmission of the UK virus variant now circulating widely.

The shot’s effectiveness in the South Africa trial declined to around 49% when the analysis included data from HIV-positive participants.

The vaccine could be cleared for use in the United States as soon as May if US regulators decide the UK data is enough to make a decision. It could take a couple of months longer if they insist on first seeing data from the US trial, its chief executive told Reuters earlier this month.

“Ultimately, they have to decide whether the data we can bring to the table is adequate or whether they would prefer to wait on data from our US study,” Mr. Dubovsky said on Thursday.

Novavax’s vaccine production plants should all be fully functional by April, executives said on a March investor call. The drugmaker expects to have tens of millions of doses stockpiled and ready to ship in the United States when it receives authorization, Novavax Chief Executive Officer Stanley Erck told Reuters.

Novavax plans to produce its two-shot vaccine at eight manufacturing locations, including the Serum Institute of India.

If authorized, it would follow three COVID-19 vaccines previously approved for use in Britain from Pfizer and partner BioNTech, Moderna Inc and the AstraZeneca shot developed with Oxford University.

The Maryland-based company has received $1.6 billion from the US government in funding for the vaccine trial and to secure 100 million doses. — Dania Nadeem and Carl O’Donnell/Reuters

Ransom-seeking hackers are taking advantage of Microsoft flaw — expert

WASHINGTON — Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft’s widely used mail server software, a researcher said late Wednesday—a serious escalation that could portend widespread digital disruption.

The disclosure, made on Twitter by Microsoft Corp. security program manager Phillip Misner, is the realization of worries that have been coursing through the security community for days.

Since March 2, when Microsoft announced the discovery of serious vulnerabilities in its Exchange software, experts have warned that it was only a matter of time before ransomware gangs began using them to shake down organizations across the internet.

Mr. Misner didn’t immediately respond to follow-up messages and Microsoft did not return emails seeking comment. The U.S. Cybersecurity and Infrastructure Security Agency and the Federal Bureau of Investigation also didn’t immediately respond.

Even though the security holes announced by Microsoft have since been fixed, organizations worldwide have failed to patch their software, leaving them open to exploitation. In Germany alone, officials have said that up to 60,000 networks remained vulnerable.

The fixes are free, but experts attribute the sluggish pace of many customers’ updates in part to the complexity of Exchange’s architecture.

All manner of hackers have begun taking advantage of the holes—one security firm recently counted 10 separate hacking groups using the flaws—but ransomware operators are among the most feared.

Those groups work by locking users out of their devices and data unless the victims cough up big chunks of digital currency. They now potentially have access “into a huge number of vulnerable systems,” said Brett Callow of Canadian cybersecurity company Emsisoft.

He said more modest companies—many of whom lack the ability or awareness to update their software—could be particularly affected by the latest variant of ransomware.

“This is a potentially serious risk to small businesses,” he said. — Raphael Satter/Reuters

China’s antitrust regulators weigh levying record fine on Alibaba — WSJ

China’s antitrust regulators are considering levying a record fine on Alibaba Group Holding Ltd. over suspected anticompetitive behavior, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The fine could surpass the $975 million that Qualcomm paid in 2015 over anticompetitive practices, the report said. The regulators are also considering whether the Chinese e-commerce giant should divest some assets unrelated to its main online-retailing business.

Alibaba declined to respond to a Reuters request for comment.

Founder Jack Ma’s business empire has been put under intense scrutiny by Chinese regulators following his stinging criticism of China’s regulatory system in late October.

In late December China’s State Administration for Market Regulation announced it launched an antitrust probe into Alibaba.

That news came after authorities in Beijing halted a planned $37 billion initial public offering from Ant Group, Alibaba’s internet finance arm.

The company has come under fire in the past from rivals and sellers for allegedly forbidding its merchants from listing on other e-commerce platforms, a practice known as “two-choose-one.”

Alibaba’s Hong Kong shares climbed 1.7% on Friday morning, after its New York shares gained 2.8% overnight amid a broad stock market rally. The New York shares are still down about a quarter from their October levels. — Reuters

SoftBank-backed Grab in talks to go public in nearly $40 bln SPAC deal — sources

Grab Holdings Inc. is in talks to go public through a merger with a special purpose acquisition company (SPAC) that could value the ride-hailing giant at nearly $40 billion, making it the largest ever blank-check deal, people familiar with the matter said on Thursday.

The Wall Street Journal reported earlier in the day SoftBank-backed Grab was in talks with Altimeter Capital Management LP

Grab is expected to raise between $3 billion and $4 billion from private investors, according to the report.

Reuters first reported in January, citing sources, that Singapore-based Grab was exploring a listing in the United States.

Silicon Valley-based venture capital firm Altimeter has backed two SPACs—Altimeter Growth Corp and Altimeter Growth Corp 2. The WSJ report did not specify which of the two SPACs Grab was in talks with.

Special purpose acquisition companies, or SPACs, are shell companies that raise funds through an initial public offering to take a private company public.

Other recent large SPAC deals include UMW Holdings Corp’s $16-billion merger with a blank-check firm backed by billionaire Alec Gores, and the $24-billion deal that luxury electric vehicle maker Lucid Motors struck with a Michael Klein-backed SPAC. — Joshua Franklin and Anirban Sen/Reuters

Exports slip back into contraction in January

THE COUNTRY’S merchandise exports slipped back into negative territory in January after showing growth in the previous two months, while merchandise imports continued their streak of decline for the 21st month, the Philippine Statistics Authority (PSA) reported this morning.

Merchandise exports shrank by 5.2% to $5.490 billion in January after a revised 1.7% yearly growth in December 2020 and 9.4% in January 2020, preliminary trade data from the PSA showed.

Likewise, merchandise imports fell 14.9% to $7.911 billion in January, faster than the declines of 8.2% and 2.8% in December and January 2020, respectively.

These figures were way below the Development Budget Coordination Committee’s growth targets of 5% and 8% for goods exports and goods imports for this year, respectively.

The January export fall marked its first fall following two straight months of year-on-year expansion. For merchandise imports, the decline is on its 21st straight month.

The latest trade figures brought trade balance to a $2.421-billion deficit in January, wider than the $2.149-billion gap in December 2020, but narrower than the $3.504-billion shortfall in January 2020.  – Jobo E. Hernandez

JCI Philippines x StartUp Village MoA signing and Forty Under 40: Startup Academy program launch

JCI (Junior Chamber International) Philippines, headed by its 2021 National President Jude Avorque Acidre, and StartUp Village (SUV), headed by its Founder/Chairman, Jay Bernardo, and Founder/President, Carlo Calimon, enter into a partnership by signing a Memorandum of Agreement (MoA) to help enable entrepreneurs and startups, particularly those who are part of the JCI network through the Startup Academy. This program is just one of the many programs planned by JCI under its newest national program, Forty Under 40 — a series of master classes on different disciplines to be offered to JCI members.

JCI Philippines, formerly Philippine Jaycees, Inc., is a nonprofit organization with local chapters all over the country composed of young active citizens aged 18 to 40 years old who take the initiative to solve local challenges focused on sustainable impact locally and globally. On the other hand, SUV is a one-stop startup enabler that focuses on bringing entrepreneurial ventures into the mainstream for incubation and acceleration.

Memorandum of Agreement signing between JCI Philippines and Startup Village for Forty Under 40 Startup Academy

Through this partnership, Forty Under 40’s Startup Academy will be the first among JCI’s entrepreneurial skills development initiatives open to all JCI members. This is an entrepreneurship development program of JCI Philippines that trains and helps young JCI member-entrepreneurs to become full-fledged and socially responsible entrepreneurs. “Following the thrust of JCI globally, we hope to provide engaging opportunities for young, business-minded JCI leaders for a changing world,” according to Tertiana Alexie Tupas, an Asian Institute of Management alumna and JCI Philippines’ 2021 national program director for Forty under 40.

The program will adopt SUV’s existing incubation program, further customized to address the emerging needs of entrepreneurs while still following its core framework that follows the three masteries: Mastery of the Self, Mastery of the Environment, and Mastery of the Enterprise. The program will be delivered through a combination of virtual classes and group/individual mentoring by industry experts and resource persons from the academe. As a culminating activity, the participants are expected to do a pitch before a group of potential funders and angel investors during the Philippine Startup Week in November for a chance to turn their dream startup into a reality.

“The crisis brought about by the COVID-19 pandemic has become a providential period of catharsis, of transformation, as we prepare ourselves for the greater challenges ahead. Now more than ever, young leaders need to better ourselves and improve our capacity to create and sustain innovative solutions to everyday community problems,” said JCI Philippines 2021 National President Jude Avorque Acidre.

This 40-online session program will begin on April 10, 2021 following the MoA signing scheduled on March 10, 2021.

DITO Telecommunity launches commercially in Visayas and Mindanao

Kickstarts CSR program of providing free DITO service to 3,000 VisMin frontliners in cooperation with LGUs

In an unprecedented move, DITO Telecommunity Corporation, the country’s third major player in the telecommunications industry, heralded its entry into the market by announcing that it will be providing free call and text as well as broadband services to 3,000 frontliners in ten areas in Visayas and Mindanao with the help of the local government units (LGUs) as a way of strengthening its commitment of nation-building and partnership with the Filipino people.

This announcement, capped by a ceremonial turnover to Davao City Mayor Sarah Duterte Carpio and Davao City Vice-Mayor Sebastian Duterte as 300 frontliners of the City were named as the first beneficiaries out of the 3,000 targeted frontliners, became the highlight of the commercial launch virtual press conference held last March 8, 2021.

The momentous yet simple ceremony was participated in by key DITO executives Dennis A. Uy, Chairman and CEO; Retired Major General Rodolfo Santiago, Chief Technology Officer (CTO); and Atty. Adel Tamano, Chief Administrative Officer; with special messages from Secretary Gregorio Honasan II of the Department of Information and Communications Technology (DICT), and Commissioner Gamaliel Cordoba of the National Telecommunications Commission (NTC).

An insurmountable task

In his opening statement DITO Chief Technology Officer, Retired Major General Rodolfo Santiago recounted how at the beginning critics of the initiative said that building a network in more than a year was a fool’s errand, that it was bound to fail, that it simply could not be done, especially as the global pandemic hit at a crucial juncture in the network rollout.

However just a few weeks before the commercial launch, DITO’s services far exceeded the required benchmarks of the first government-mandated audit. The audit findings showed that DITO demonstrated an average speed of 85.9 Mbps for 4G and 507.5 Mbps for 5G with a population coverage of more than 37%, important indicators that point to the brand’s readiness to fulfill its mandate of bringing world-class connectivity to every Filipino.

Not resting on this achievement, the DITO CTO stressed, “As we begin our commercial launch, all I can say is that there is more work to be done and together, we will succeed and make a difference in transforming the landscape of Philippine telecommunications.”

Public and private cooperation: a triumph of the Filipino people

Messages from the two main regulating bodies recognized the spirit of partnership that DITO has demonstrated to become a true partner in nation-building and in bringing better access to communications technology to the Filipino people.

DICT Secretary Gregorio Honasan II reiterated the importance of having the telecommunications industry to be at parity with the rest of the world, in terms of technology, and how the entry of DITO through a transparent and fair bidding has spurred an increase in investments and infrastructure spending in the telecom sector that in the long term will benefit the entire nation.

NTC Commissioner Gamaliel Cordoba, further stressed that the successful launch of DITO is an example of how cooperation, and active collaboration of government and private corporations, will be key to bring about true recovery headed by advancements in the realm of communications and connectivity, and that for him is a triumph of the Filipino people.

Nation-building as the true motivation of the country’s third major player

In his statement, Atty. Adel Tamano, DITO Chief Administrative Officer, one of the pioneers of DITO recalled how it all began. 

“DITO was born out of a spirit of nation-building.”

Atty. Tamano said that the rationale for a third telco was to serve the underserved and to provide Filipinos with a better option, a wiser choice. He further recalled that our national leaders believed that without the right ICT infrastructure, without real competition, the Philippines will never reach its full potential.

“This is the genesis of this project, the origins of why DITO was born. This our why and DITO’s DNA.”

He ended by saying, “We are here to serve our consumers, to provide world-class telecommunications services to Filipinos, in short, to do whatever it takes, whatever “diskarte” that we need to do, to deliver our promise of weaving Filipino communities together with stronger and better connectivity.

And the chief administrative officer tied it all in as to the primary reason why instead of a big launch, DITO’s first commercial act is one that demonstrates the commitment of DITO to build the nation — a provision of free service to 3,000 Filipino frontliners.

 

DITO na tayo

“In the following weeks you will see us rise in various areas of the country. But today, March 8, we first give back to where it all began.”

In this sentimental yet powerful statement, Dennis A. Uy, the chairman and CEO of DITO was able to answer the questions in the minds of people as to why VisMin, and when DITO services will reach Luzon and the National Capital Region in spite of the telco’s national network rollout.

To close the event, the chairman and CEO had this to say referring to this unparalleled launch of paying it forward, “With this gesture, as a partner in nation-building, we send the message to the people of the Philippines wherever they may be that DITO is more than just a telco. We are here to serve, and, in this manner, we want the entire country to know na DITO NA KAMI, DITO NA TAYO and magkita-kita tayo diyan very soon.”

For more information on the points of sale, the attractive welcome plan and other details, please visit the official Facebook page of DITO at www.facebook.com/DITOphofficial or the website at www.dito.ph.

Dollar reserves pick up anew in Feb.

By Luz Wendy T. Noble, Reporter

THE COUNTRY’S dollar reserves rose in February following a slight decline in January, boosted by gains from the central bank’s investments abroad and its foreign exchange operations.

Gross international reserves (GIR) — which shield the country from liquidity shocks — stood at $109.082 billion as of end-February, data from the Bangko Sentral ng Pilipinas (BSP) showed on Thursday.

The end-February level inched up 0.38% from the $108.673-billion level in January, and rose 23.7% from $88.187 billion logged a year earlier.

The BSP expects to end the year with $102 billion in dollar reserves.

“The month-on-month increase in the GIR level reflected inflows mainly from the BSP’s foreign exchange operations and income from its investments abroad,” the central bank said in a statement.

However, this was offset by the lower revaluation adjustments of the BSP’s gold holdings amid the decline in international gold prices as well as foreign currency withdrawals meant to service debt obligations.

Ample foreign exchange buffers protect the country from market volatility and ensure that it is capable of paying its debts in the event of an economic downturn.

At its end-February level, the GIR is enough to cover 11.7 months’ worth of imports of goods and payments of services, and primary income.

It is also equivalent to 9.5 times the country’s short-term external debt based on original maturity, and 5.4 times based on residual maturity.

In February, gains from foreign investments abroad rose 2.4% to $94.613 billion from $92.379 billion as of end-January and by 24.7% from the $75.861 billion seen a year earlier.

These gains, which fueled the GIR’s pickup in February, reflect the improvement in the global and US stock markets in the past weeks, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.

Meanwhile, foreign currency deposits slipped 8.5% to $3.251 billion from $3.554 billion in the prior month, but increased 28% from the $2.548 billion as of end-February 2020.

The BSP’s gold holdings were valued at $9.17 billion as of end-February, dropping 14.2% from the $10.692 billion in January but rising 14.4% from the $8.015 billion a year ago.

Reserves with the International Monetary Fund (IMF) also dipped 0.11% to $812.5 million from $813.4 million a month ago but still increased 38.58% from the $586.3 million in February last year.

On the other hand, special drawing rights, or the amount the country can tap from the IMF stood at $1.233 billion for the second consecutive month, higher by 5% than the $1.174 billion a year ago.

The country’s GIR reached record level $110.117 billion as of end-December 2020.

“For the coming months, the GIR could still post new record highs, thereby fundamentally providing some support for the peso exchange rate especially versus any speculative attacks,” Mr. Ricafort said.

Car sales in Philippines continue to slump

CAR SALES remained sluggish in February. — PHILIPPINE STAR/ MICHAEL VARCAS

CAR SALES in February declined by 12% compared with the same month last year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) said in a report on Thursday.

The joint report said that the industry sold 26,230 vehicles in February, lower than the 29,790 units in the same month last year.

To recall, automotive sales in February 2020 showed a slight recovery from the disruptions to dealership operations caused by the Taal Volcano eruption earlier that year.

February and year-to-date 2021 car sales

Month on month, February sales grew by 12.2% from January levels.

CAMPI President Rommel R. Gutierrez said in a statement that the industry welcomed the monthly growth, noting improvements in sales of Asian utility vehicles (AUV) and light trucks.

However, he said CAMPI remains concerned the provisional safeguard duties slapped on car imports will hurt the industry’s recovery.

“While the industry sees early signs of recovery, the provisional import duties, more so if it becomes definitive, will derail any recovery efforts of the automotive industry,” Mr. Gutierrez said.

“Rather than restricting imports, a better incentive scheme must be crafted to attract investments for local production of motor vehicles.”

The Department of Trade and Industry (DTI) imposed provisional safeguard duties on imported cars after it found a link between a decline in local industry employment and an import surge, based on a petition from an auto parts labor group.

The Safeguard Measures Act or Republic Act No. 8800 allows domestic producers to ask the government to conduct an investigation into their import competitors if they claim to have been injured by excessive imports.

Car manufacturers have started raising prices as they collect deposits for cars affected by the provisional duties while the Tariff Commission conducts its own investigation.

In February, commercial vehicle sales, which account for almost 70% of the market, declined 15.5% to 18,331 units.

Broken down, sales of light commercial vehicles dropped 15.7% to 13,483 units, while light truck sales fell 25.9% to 411 units. AUV sales slid 14.5% to 4,045 units.

On the other hand, passenger vehicle sales dipped 2.4% to 7,899 cars in February.

Year-to-date automotive sales fell 7.3% to 49,610 units from 53,513 vehicles in the same two months last year.

Commercial vehicle sales declined 11.5% to 34,416 units in the first two months of the year, while passenger car sales went up 3.8% to 15,194 units.

Toyota Motors Philippines Corp. (TMP) continued to have the largest market share at 49.84% after selling 13,074 units. Mitsubishi Motors Corp. had a 19.34% market share with 5,072 units sold, while Suzuki Philippines, Inc. sold 1,513 units at 5.77% market share.

In 2020, industry car sales plunged 39.5% to 223,793 units amid the pandemic.  Jenina P. Ibañez

Duterte liberalizes satellite access

PRESIDENT Rodrigo R. Duterte on Thursday signed an executive order (EO) liberalizing access to satellite technology after accusing telecommunication companies of failing to improve their service.

EO 127 expands internet services through inclusive access to satellite services. It amends EO 467, which required telecommunication companies to get a congressional franchise before using  satellite facilities.

The order allows telecommunication entities, value-added service providers  and internet service providers authorized by the National Telecommunications Commission (NTC) to have direct access to all satellite systems, whether fixed or mobile, international or domestic.

“Broadcast service providers may also be allowed to directly access satellite systems subject to NTC rules, regulations and authorizations,” according to the order.

The regulator must update its rules  and fast-track the process to allow value-added service providers and internet companies to “directly access, utilize, own and operate facilities for internet access service using satellite technologies such as, but not limited to, very small aperture terminals, broadband global area network and other similar technologies, for all segments of the broadband network.”

Mr. Duterte also ordered the Department of Information and Communications Technology to pursue policies to get orbital slots for Philippine satellites.

Mr. Duterte in July last year told telecommunication companies to improve their service by December or risk being shut down. — Kyle Aristophere T. Atienza

Israeli-Filipino firm plans to make COVID vaccines in Philippines

By Jenina P. Ibañez, Reporter

AN ISRAELI-FILIPINO firm plans to manufacture coronavirus disease 2019 (COVID-19) oral vaccines in the Philippines, the Philippine Economic Zone Authority (PEZA) said.

The PEZA board is set to approve the pharmaceutical firm’s application to manufacture the vaccines in one of its economic zones, PEZA Director-General Charito B. Plaza told ABS-CBN on Wednesday.

“It’s really a big investment because they are considering to make the Philippines the manufacturing hub of these oral COVID(-19) vaccines and other related medicines. They will make this the hub of the Asia and Pacific region, and even the whole world,” she said.

Ms. Plaza in a mobile message on Thursday said that she will share details about the firm, the size of the investment, and the production timeline after the PEZA board’s March 12 meeting.

The firm is 50% Israeli and 50% Filipino owned, she said.

“They ask(ed) to give the details once PEZA board approves their application,” Ms. Plaza said.

“Next week we are expecting the scientists, the very inventors, who will come to the Philippines,” she added.

PEZA said that it aims to reach over P100 billion in investment pledges this year, higher than last year’s P95 billion. Last year’s investments fell almost 20% from the P117.54 billion recorded in 2019.

PEZA approved P11.308 billion in investment pledges in January 2021, or 139% higher than the P4.726 billion in the same month last year.

Amid the alert over the Taal Volcano in Batangas, Ms. Plaza said that PEZA is considering new locations for economic zones. Lima Technology Center and the First Philippine Industrial Park are both in Batangas, but are farther than a 20-kilometer radius from the volcano.

“We are now identifying potential economic zones which will be farther away from danger zones. We’re ready for that,” she said. “For new applications for ecozone development we really require them to get a certification from… disaster agencies so that we will be assured that they will be located far away from the danger zones.”

Operators of existing economic zones, she added, are being asked to prepare for potential transfer later on, noting that the agency is considering Quezon Province, Laguna, and Cavite.

State seismologists on Tuesday raised the alert status of Taal Volcano to level 2 due to “increasing unrest.”