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PSC eyes February resumption of national team training 

RIZAL MEMORIAL SPORTS COMPLEX — WIKIMEDIA.ORG/RAMON F. VELASQUEZ

PHILIPPINE Sports Commission (PSC) chairman William Ramirez is eyeing a February resumption of training by the national team seeing action in this year’s Southeast Asian (SEA) Games and Asian Games (Asiad).

The return to practice was originally scheduled last Monday, but the seemingly unstoppable  coronavirus disease 2019 (COVID-19) surge has resulted to the PSC postponing it to a later date.

“We can’t risk the lives of our athletes and coaches, that’s the reality,” said Mr. Ramirez in Tuesday’s online Philippine Sportswriters Association Forum. “If by February and it reaches its peak to 33,000 to 40,000 cases and goes down, there is a chance we could resume training.

“But, of course, we can only resume if IATF (Inter-Agency Task Force) will allow it. We will pray that COVID-19 cases go down,” he added.

Mr. Ramirez though said there are other sports that have started their bubble training in areas where restrictions are more lenient.

“If it’s a bubble training and its outside Metro Manila and places with higher alert levels and not restrictive health protocol, they can resume training,” he said.

About eight sports venues are located at the PhilSports Complex in Pasig, 10-12 at the Rizal Memorial Sports Complex in Manila and several more at Teacher’s Camp in Baguio.

The Nationals are preparing for the SEA Games slated for May 12-23 in Hanoi, Vietnam and the Asiad set on Sept. 10-25 in Hangzhou, China. — Joey Villar

Three-dimensional proof of our ancient world

National Museum releases an e-book on PHL fossils

THE NATIONAL Museum of the Philippines has released an e-book on Philippine fossils — Fossils: Records of Prehistoric Life in the Philippines — as part of it’s #MuseumFromHome series.

The free publication introduces readers to fossil discoveries in the Philippines as represented by specimens from the National Geological and Paleontological Collections housed at the National Museum of Natural History.

It was written by Maileen P. Rondal, Jaan Ruy Conrad P. Nogot, Abigael L. Castro, Yloisa C. Magtalas, and Jiles Arvin A. Vergara, and edited by Ana Maria Theresa P. Labrador.

“As a young boy, I would often be drawn to fossil exhibitions when visiting natural history museums. This has made me curious about sites I would later visit while touring places — if there are fossils around, how old they might be, and what kind of living beings were around?” National Museum of the Philippine Director-General Jeremy Barns wrote in the publication’s Foreword.

“I have carried this fascination through even as a manager of the National Museum of the Philippines and have been privileged to ensure that fossils found in our country are protected and made accessible by exhibiting and writing about them,” Mr. Barns wrote.

The 86-page publication include information, images, and sketches of fossils of sea and horn snails, ammonites, elephants, fossil plants, and ancient tracks.

Fossils are defined as “the remains of ancient plants and animals preserved in rocks that are at least 10,000 years old.” It comes from the Latin word fossus, which meaning “something dug up,” since fossils are often found buried in rock formations deep in the earth.

The publication also discusses the geological time scale which scientists created to comprehend the complexities and to determine periods in Earth’s history. The scale comes in a color-coded bookmark as a learning aid while reading through each chapter.

“Fossils are three-dimensional proof of our ancient world and helps us imagine what life may have been like before our histories were written,” wrote the book’s editor, Ms. Labrador, who is also the National Museum of the Philippines Deputy Director-General.

The printed version of the book is expected to be released this year.  Download the e-book at https://www.nationalmuseum.gov.ph/publications/.MAPS

Why does Omicron appear to cause less severe disease than previous variants?

As soon as Omicron was first identified in Botswana and South Africa, two key questions arose: whether this new variant was more infectious than earlier ones, and whether it caused more or less severe disease.

It’s clear from how rapidly the variant has spread and how quickly cases have increased that it is more infectious. But the question of whether Omicron has less harmful effects than previous variants — of whether it is less “virulent” — is somewhat more complex.

Early results from South Africa (which are still awaiting review) suggested that patients with Omicron were less likely to be admitted to hospital than before. And research found that even when admitted, people were less likely to require oxygen, need mechanical ventilation, be admitted to intensive care or die.

But South Africa has a young population compared to much of the world. A relative lack of older, more vulnerable people catching the virus may have been masking the variant’s capabilities. Whether Omicron would also cause milder illness in other countries was initially unclear.

However, information accrued over the past month has shown that South Africa’s experience isn’t an anomaly. Data from most European countries, including the UK, supports the suggestion that Omicron is generally causing less severe disease than previous variants.

This is most clearly seen in the recent trajectory of the epidemic in Britain. Analysis by the UK Health Security Agency suggests that Omicron is only about a third as likely to lead to a hospital admission compared to the Delta variant.

Of course, if daily Omicron infections rise to a very high number, as they have, then hospitalizations will also rise. In the final few days of 2021, hospital admissions of COVID-positive people increased quite substantially, but still didn’t surpass levels seen during previous waves. And critically, we haven’t yet seen the number of patients occupying mechanical ventilation beds start to rise.

PARTIAL IMMUNE EVASION
Several different factors might explain why this is happening. First up, there’s immunity. It could be that prior immunity — which thanks to previous infections and vaccination programs is now much more common across many parts of the world than in previous waves — is sufficient to reduce rates of severe disease.

For protection against an initial infection, located in the nose and throat, antibodies against a key part of the coronavirus’s outer structure — its spike protein — appear to play the greatest role. However, these wane over time. Plus, many of the mutations found on Omicron affect the spike protein, and so are likely to impair the antibodies’ ability to bind to the virus, reducing the effectiveness of a vaccine or prior infection at preventing new infections.

But for protection against a more severe infection, which tends to be located in the lungs, other immune responses could be playing a more dominant role, such as killer T cells. These are a type of white blood cell that kills foreign substances as well as the body’s own cells that have been infected with the virus.

And early research, yet to be reviewed by scientists, suggests that Omicron has very few mutations to the parts of the virus that T cells target. This implies that immunity built up in the past that’s potentially more effective against severe disease should still largely be intact.

This could be a powerful explanation as to why Omicron’s virulence appears lower. In the UK, for example, it’s estimated that close to 95% of adults have some form of immunity to the virus through vaccination or infection.

MUTATING TOWARDS MILDNESS
But might Omicron also be intrinsically less virulent than previous variants, even in those with no prior immunity? This is more difficult to be certain of, though there are some signs that suggest it might be.

Firstly, Omicron has several mutations near to a part of its structure called the furin cleavage site, which is thought to play a role in virulence. In laboratory experiments where the virus’s furin cleavage site was deleted, the virus showed reduced growth in human respiratory cells and caused less severe disease in laboratory animals. It’s plausible that the mutations around the furin cleavage site could explain some of the reduced virulence of Omicron.

Several groups have also studied the ability of Omicron (or a similar pseudovirus) to grow in tissue cells. These studies — which are also awaiting review — report that the virus grows less well in lung tissue but better in the tissue of the upper airway compared to previous variants.

Enhanced growth in the upper airway could lead to more virus being shed through the nose and mouth, which might help explain in part why Omicron is more infectious. And given that infection of the lungs, rather than the upper respiratory tract, is what’s associated with more severe disease, the reduced ability of the variant to grow in the lungs could also be an important factor in explaining reduced virulence.

Overall, whatever the mechanism, the evidence that Omicron is causing less severe disease than previous variants is now adding up. But this doesn’t mean we should see it as less of a threat. Ultimately, the impact Omicron will have on public health will depend on how many people become infected. Because it’s much more infectious, we might still end up with many people getting severely ill, even if the proportion of infected people getting severely ill is lower. The need to try and contain the spread of the virus remains, at least for the time being.

 

Paul Hunter is professor of Medicine at the University of East Anglia in England. He consults for the World Health Organization (WHO) and receives funding from the UK National Institute for Health Research, the WHO, and the European Regional Development Fund.

SEC issues halt order vs Emporia, warns others

THE Securities and Exchange Commission (SEC) has issued a cease-and-desist order against SPAV Solutions Corp., which is doing businesses under the names Emporia Institute or Emporia.

The regulator also issued separate advisories against Crypto-stakers.com and Trust Legacy International Community PH for their respective investment-taking activities.

In an issuance dated Dec. 14, the SEC handed a halt order against SPAV Solutions “as it operates as a fraud to the public, which if unrestrained, will likely cause grave or irreparable injury or prejudice to the investing public.”

SPAV Solutions is registered as a domestic corporation with company registration number CS201815812 in July 2018. Meanwhile, Emporia Institute, Inc. is not registered with the SEC while S&A Enterprises, Inc. had its registration revoked in August 2006.

The SEC issued an advisory against SPAV Solutions in August last year, telling the public to exercise caution when dealing with individuals or groups soliciting investments for the company.

SPAV Solutions’ amended articles of incorporation specifically state that the company “shall not solicit, accept or take investments/placements from the public neither shall it issue investment contractions.”

“Immediately after its incorporation, respondents James Sumilang and Neilbert Abella operated SPAV Solutions by making it appear to the public that the corporation is engaged in a foreign currency trading business, and enticed the public to invest therein,” the SEC said in its issuance.

The commission’s Enforcement and Investor Protection Department (EIPD) received several inquiries about the unauthorized investment programs of SPAV Solutions. At least nine individuals also filed complaints against the entity, which prompted its investigation.

The EIPD found that SPAV Solutions’ investment business works like a mutual fund, where pooled investments will be traded for at least one trading cycle of three months. Investors can invest for as low as P20,000 and the net return was “conservatively pegged” at 10% monthly.

SPAV Solutions also executed and entered into Percentage Allocation Money Management Services, among its other investment schemes.

The EIPD found that while SPAV Solutions is registered with the commission, it does not have the required secondary license to act as a lending company, broker and/or dealer of securities, investment adviser of an investment company, investment house, and transfer agent, neither do Emporia Institute and S&A Enterprises.

BusinessWorld reached out to Mr. Sumilang and SPAV Solutions Director Marian Hannah Louise P. Vailoces via LinkedIn for comment, but they have yet to respond as of press time.

CRYPTO-STAKERS AND TRUST LEGACY INTERNATIONAL
Meanwhile, in separate advisories dated Jan. 6, the SEC is warning the public against unregistered entities Crypto-stakers and Trust Legacy International for their unlicensed investment-taking programs

The SEC said Crypto-stakers is operated by individuals using different pseudonyms, such as Mark Jorrel Chavez, Marc Jeff Hofilena, Imalyn Espinosa, Lovely Sheymandani, Danilyn Corpuz, Hanilyn Arce Doquioag, Carina C., and Esmeralda R.

Crypto-stakers is trying to lure the public to invest in its program with a guaranteed 8% daily payout for 25 days or a 100% return of investment within 25 days for a minimum of P1,000. This is on top of referral bonuses.

The SEC warns that Crypto-stakers’ investment scheme “shows indication” of a possible “Ponzi scheme” wherein the earnings of older investors are derived from the investments of newcomers.

On the other hand, Finland-based Trust Legacy International “claims to be an automatic online investment platform” that is engaged in Bitcoin Trading. 

It offers “Bitcoin Doubler” and “Daily Bitcoin” investment programs, enticing the public with a lofty 200% revenue after 35 or 100 days. Investments are coursed through the UnionBank and GCash accounts of a certain “John Paul Atos.”

Trust Legacy International is not registered with the SEC and it is also not a registered virtual asset service provider with the Bangko Sentral ng Pilipinas (BSP). It does not have a certificate of authority as a money service business (MSB) needed under the guidelines for virtual asset providers of the BSP.

Trust Legacy International is also not on the list of registered MSBs with the Anti-Money Laundering Council under the Anti-Money Laundering Act.

BusinessWorld tried to reach out to both entities for comment. However, Crypto-stakers’ Facebook group can no longer be accessed, while Trust Legacy International’s website just leads to the login page of the entity. — Keren Concepcion G. Valmonte

TransCo plans net connectivity via power lines

STATE-LED National Transmission Corp. (TransCo) will roll out communications infrastructure on power lines to connect rural public schools to the internet, the Department of Finance (DoF) said.

TransCo has tested the information and communications technology that will use existing power line infrastructure to help the Department of Education (DepEd) link public schools to the internet.

“The internet system will be developed with the cooperation of the electric cooperatives nationwide by lending to the government their power lines for the high-speed internet connection,” DoF said in a statement on Tuesday.

Under its Project Lightning, TransCo will enable the transfer of large amounts of data at high speeds using technology installed on power distribution lines and poles. This will connect schools to the internet without installing new cellphone towers or laying fiber optic cables.

The project will prioritize rural schools expected to be left out by telecommunications firms that do not see the areas as commercially viable because broadband construction would prove too expensive and unprofitable.

TransCo had done studies on information and communications technologies for power grids over three years.

“Through laboratory tests and live trials with the University of the Philippines-Los Baños power distribution system, TransCo concluded that two newly invented technologies can transmit large data at very high speed and can be rapidly deployed using the existing power lines infrastructure,” TransCo President and Chief Executive Melvin Matibag said.

The DepEd’s Public Education Network-Communications Infrastructure for Learning (PEN-CIL) project aims to connect more schools to the internet, which Mr. Matibag said will support learning continuity during the coronavirus disease 2019 (COVID-19) pandemic.

Mr. Matibag said the move would translate into new revenue sources for TransCo ”when it performs the function of administrator and system operator of the DepEd’s PEN-CIL while it is able to support the government’s development objectives.” — Jenina P. Ibañez

Strawweight champ Pacio to watch Brooks-Minowa clash

ONE strawweight champion Joshua Pacio — ONE CHAMPIONSHIP

FILIPINO champion fighter Joshua Pacio will do everything to cling into his ONE strawweight title belt. And it includes keeping tabs on his potential challengers like Jarred Brooks and Hiroba Minowa.

Mr. Pacio will get to watch the strengths and weaknesses of both Messrs. Brooks and Minowa as the latter two are scheduled to clash in the ONE: Only the Brave on Jan. 28 at Singapore Indoor Stadium.

The winner of the Brooks-Minowa duel could end up as a potential foe for Mr. Pacio.

“The strawweight division is getting more and more stacked and this excites me because this pushes me to become better and better everyday. This motivates me to level up every single day,” said Mr. Pacio, who boasts of an impressive 20-3 record including the last one against Yosuke Saruta for a successful third title defense.

Apart from Messrs. Brooks and Minowa, who are ranked third and fourth in the division, respectively, Mr. Pacio is also keeping an eye on No. 1 contender Bokang Mansunaye.

Mr. Pacio said all three have different styles.

“(Messrs.) Jared and Bokang are more explosive athletes and they are very athletic coming from their wrestling background. As compared to (Mr.) Minowa who is more of a relaxed athlete, but when he gets to his rhythm, he can take you down and pressure you just like [Yoshitaka] Naito,” said Mr. Pacio.

Filipinos Jeremy Miado and Robin Catalan are also fast emerging in the division and Mr. Pacio isn’t turning a blind eye on them.

“I’m very happy to see Filipinos emerge in this weight class, this is really a weight class for a lot of Asian athletes like me,” he said.

“Jeremy Miado is leveling up and we saw that in his last outing against Miao Li Tao. He just dominated the fight, using his range and boxing skills. And (Mr.) Robin, this guy can close the show in the blink of an eye just like what he did to Gustavo [Balart].” — Joey Villar

The Sagrada Familia: how Gaudí’s masterpiece became a myth and a divisive political tool

THE SAGRADA Família designed by Antoni Gaudí — LOUISA SCHAAD/UNSPLASH
THE SAGRADA Família designed by Antoni Gaudí — LOUISA SCHAAD/UNSPLASH

THE Sagrada Familia, Antoni Gaudí’s Catalan masterpiece, recently celebrated the completion of the Mare de Déu tower by hoisting a giant, 12-pointed star of metal and textured glass to its summit. After 140 years of construction on the church, this is the first of its six main towers to be finished and its outsized decoration now lights up the Barcelona nightscape.

Not everyone is pleased though. The installation has been met with criticism about the ongoing building works and the adverse impact of the tourism it generates on the local area.

The Sagrada Familia has been a magnet for controversy since well before Mr. Gaudí was commissioned to build it in 1883. As my research shows, the Sagrada Familia has become both a myth and a tool co-opted by different political movements and ideological campaigns.

The Sagrada Familia was originally conceived in 1881 by philanthropist and bookseller Josep Maria Bocabella as an expiatory temple — a place of atonement — devoted to the cult of the Holy Family (the child Jesus, his mother, the Virgin Mary and his father, St. Joseph). In buying entry tickets, visitors, still today, effectively atone for their sins.

The decline of the Spanish empire in the 19th century had given rise to powerful ideological and political debates across Spain. The late 1870s saw the emergence of left-wing and anarchist movements, against which Mr. Bocabella aimed to make a stand with a new basilica.

To that end, in 1882, he bought a plot of land just outside the Eixample district of the city. He created a foundation to manage the works and appointed the architect Francisco de Paula Villar y Lozano. They envisaged an edifice in the Gothic revival style.

Mr. Lozano, however, only got as far the building’s foundations and the crypt before public disagreements about its construction system and finances led the foundation to ask Mr. Gaudí to take over.

Mr. Gaudí attuned his designs to both Bocabella’s ideals and the rightwing political and ideological movements sweeping through Catalonia at the time. He referenced the local Montserrat mountain range — which lies inland from Barcelona — in his radical new designs for the building’s sculptural mass and its elevation.

He also proposed that the church be built as a succession of single façades, each replete with a carefully curated, baroque medley of sculptures. In this way, even while under construction, the basilica would instruct visitors in the Catholic values associated with the Holy Family.

Until this moment the Lliga Catalanista, the main rightwing, nationalist party in Catalonia, had seen Mr. Gaudí as an outsider. Its leaders had labeled his architecture disgusting. But as he became ever more popular and his work more powerful, the Sagrada Familia appeared as a useful means for spreading their message.

The Lliga started presenting Mr. Gaudí as “the genius of Catalonia,” claiming that his basilica was a classical temple that belonged to all Catalans. It urged the public to contribute financially to its construction, belaboring the fact that in doing so, they would be buying forgiveness.

When Mr. Gaudí passed away in 1926, Barcelona was at the center of the anarchist and left-wing movements in Europe. In 1936, at the outbreak of the Spanish civil war, the construction site was vandalized by anarchist groups. Mr. Gaudí’s studio was burned down and all the drawings and models it contained were destroyed.

The post-war period saw construction resume and the myth of Mr. Gaudí take shape. In the absence of the plans and archival materials lost in the fire, architects and historians began to interpret Mr. Gaudí’s ideas to suit their own agendas. In 1964, an international group of architects and intellectuals called for work on the basilica to be halted. Most of them deplored the quality of these post-Gaudí additions.

Tourism has placed ever greater strains on the site, with neighborhood associations also bemoaning the lack of planning permits and payment of building permit fees. Inscribing the basilica into the surrounding urban context remains a primary challenge.

For the temple’s main façade and its staircase to be built, a series of housing blocks is set to be demolished, as defined in the unique leasehold terms under which they were built during the second half of the 20th century. At the time the completion of the temple seemed too far in the future. Now, with an end date set — just before the pandemic outbreak — for 2026, it’s a very real problem.

Until COVID brought the industry to a halt, ever-increasing visitor numbers ensured a vast and steady stream of income to keep construction underway. In 2019 alone, 4.5 million people came to the site.

The pandemic has of course been a major impediment. Visitors dropped to only 810,000 in 2020 and work on the church has been put on hold until 2024. However, if the church’s history is anything to go by, the Sagrada Familia will endure. It has become a myth equaled only by that of its creator, Mr. Gaudí. And like any myth, it is impervious to historical fact.

 

Josep-Maria Garcia Fuentes is a Senior Lecturer in Architecture, Newcastle University.

Swab throat too during rapid COVID test, Israel’s Health Ministry says

PIXABAY

JERUSALEM — Israel’s Health Ministry on Monday instructed people self-testing for coronavirus disease 2019 (COVID-19) to swab their throat as well as their nose when using rapid antigen kits to increase the chances of detecting the Omicron variant.  

The recommendation goes against the advice of the US Food and Drug Administration (FDA), which has said manufacturers’ instructions should still be followed and that incorrect use of throat swabs could pose a safety risk.  

On Israeli Army Radio, Sharon Alroy-Preis, Israel’s public health chief, said antigen — or lateral flow — tests, used widely in the country, are less sensitive than PCR tests in detecting illness.  

“In order to increase their sensitivity, we will from now on recommend swabbing the throat and the nose. It’s not what the manufacturer instructs but we are instructing this,” she said.  

The ministry later issued guidelines which said a swab should be taken from the throat and then from one nostril.  

“It has the potential to improve the reliability of the test,” Salman Zarka, Israel’s pandemic-response coordinator, told a news conference, adding that the ministry would release a video showing how to use the new method.  

Mr. Zarka said the ministry had spoken with companies supplying the test kits before issuing the new recommendation.  

Rhenium, one of the Israeli importers of antigen kits, said earlier the Health Ministry had not consulted with it before issuing the new guidelines and that the tests, not checked by the company for throat swabs, were intended for nasal swabs.  

MORE THAN ONE TEST 
With Omicron pushing daily infection cases to record highs, health officials have prioritized risk groups for PCR testing and trusted younger, vaccinated people to test at home if exposed to COVID-19.  

Ms. Alroy-Preis said that when exposed to a carrier, people should take more than one test or wait three days after exposure before testing with rapid kits.  

The quarantine period for those testing positive is expected to be shortened from 10 to seven days, though a final decision has not been made, the Health Ministry’s director general said.  

Some infectious disease experts have advocated throat swabbing with antigen tests because people can transmit Omicron to others when the virus has infected their throat and saliva but not yet reached their nose.  

A study released on Wednesday by online archive medRxiv before peer review looked at 29 Omicron-infected workers in high-risk professions who had PCR and antigen tests simultaneously on multiple days. The PCR tests of saliva detected the virus on average three days before rapid nose-swab samples became positive.  

However, the US FDA tweeted on Friday: “When it comes to at-home rapid antigen COVID-19 tests, those swabs are for your nose and not your throat.” Throat swabs, it said, “if used incorrectly, can cause harm to the patient.”  

Israel has confirmed around 1.5 million infections since the coronavirus pandemic began, and more than 8,000 deaths, and says around 60% of its 9.4 million population is now fully vaccinated. — Reuters

Gov’t partially awards T-bonds as investors ask for high yields

BW FILE PHOTO

THE GOVERNMENT partially awarded the reissued Treasury bonds (T-bonds) it offered on Tuesday as investors asked for higher yields despite easing inflation.

The Bureau of the Treasury (BTr) raised just P22.126 billion via the reissued five-year T-bonds it auctioned off on Tuesday, less than the programmed P35 billion, even as the offering attracted P58.277 billion in bids.

The debt papers, which have a remaining life of four years and two months, were awarded at an average rate of 4.012%, up by 25 basis points (bps) from the 3.762% quoted when the series was last offered on Nov. 3.

The average yield fetched for the debt papers was also higher than the 3.8198% quoted for the four-year tenor — the closest benchmark to the remaining life of the reissued papers — at the secondary market prior to the auction, based on the PHP Bloomberg Valuation Service Reference Rates published on the Philippine Dealing System’s website.

Had the Treasury made a full award of its offer, the reissued bonds would have fetched an average rate of 4.051%.

National Treasurer Rosalia V. de Leon said in a Viber message to reporters after the auction that the Treasury partially awarded its offer of reissued papers because the highest submitted rate of 4.15% was well above fair value for the security.

“Inflation will trend downward,” she said. “BSP (Bangko Sentral ng Pilipinas) [will be] patiently supportive to allow [the] economy to recover.”

Headline inflation in December eased to 3.6%, its lowest in a year, from the 4.2% recorded in November as food and transport costs slowed.

The December print brought the 2021 average to a three-year high of 4.5%, breaching the 2-4% target of the central bank as well as its revised 4.4% forecast.

Meanwhile, a bond trader said rates likely increased because the market is looking at the trajectory of global rates instead of domestic inflation.

“Investors are asking for more yield as buffer given expectations of US rate hike will spillover to short-term rates once it happens,” the trader said in a Viber message.

“Looks like market is more comfortable buying shorter tenors rather than four-year tenors and longer.”

Minutes of the latest US Federal Reserve meeting suggested rate hikes earlier than anticipated. On Monday, the International Monetary Fund said emerging economies should prepare for a US Fed policy tightening that could rattle financial markets.

In response, Ms. De Leon said the Treasury has been “mindful of Fed actions.”

“But of course, we take comfort in [BSP Governor Benjamin E. Diokno’s] statements being patiently accommodative to support the recovery.”

Mr. Diokno has said the BSP will continue to keep rates low to boost the economy.

The central bank kept policy rates at record lows for the entire 2021 to support the recovery, with the BSP stressing that elevated inflation caused by low supply in meat products will be better addressed by non-monetary measures.

Prior to this, the Monetary Board slashed rates by a total of 200 bps to support the economy.

The BTr plans to borrow P200 billion from the domestic market this month, or P60 billion via Treasury bills and P140 billion from T-bonds.

The government borrows from local and external sources to help fund a budget deficit seen to hit 7.7% of gross domestic product this year. — Jenina P. Ibañez

San Miguel postpones return-to-office plan in Metro Manila

BW FILE PHOTO

SAN MIGUEL Corp. (SMC) decided to postpone its return-to-office plan to prevent a virus outbreak at its Metro Manila offices after coronavirus disease 2019 (COVID-19) cases picked up again.

“We are carefully monitoring our COVID-19 cases across the group and adjusting our policies. For now, we encourage our employees to work from home unless otherwise required by our operations,” SMC President and Chief Executive Officer Ramon S. Ang said in a statement. 

The manning complement at SMC’s offices has been limited to 20%. Only those involved in critical business activities are prioritized.

SMC said its work-from-home strategy will also allow those who tested positive for COVID-19 to isolate.

“Our employees need to isolate properly, or may need to take care of family who are in isolation,” Mr. Ang said. “Working from home will both prevent a spread and strengthen the family support system during this time.”

SMC assured that all its employees will continue to receive their regular salaries.

“The company has also readied cash assistance for staff of third-party providers who cannot adopt a work-from-home setup, due to the nature of their jobs,” the company said.

SMC assured its stakeholders that its food, beverage, packaging, fuel operations, power generation, and infrastructure operations will continue. The company’s facilities are ordered to “strictly follow prescribed manning levels and prioritize only essential workers.”

SMC was able to fully vaccinate over 97% or 70,000 of its nationwide work force. Meanwhile, over 95% or 19,800 employees based in the National Capital Region (NCR) have also been fully vaccinated.

SMC began administering booster shots for employees in end-December. The initial rollout of the booster vaccination includes Metro Manila and Cebu, while the company is already planning to administer booster shots for its employees in Batangas, Laguna, Pangasinan, Iloilo, Bacolod, Isabela, and Davao throughout this week and next.

“We believe that the vaccines continue to protect us against severe disease and death even from the variant, so we are stepping up our campaign to administer booster shots to our employees and their families,” Mr. Ang said. — Keren Concepcion G. Valmonte

Well-rested Kai Sotto returns to action next week vs Perth

KAI SOTTO — ADELAIDE 36ERS FB PAGE

ADELAIDE coach CJ Bruton expects a solid production from Kai Sotto when the 36ers return to action in the Australia National Basketball League (NBL) next week after consecutive postponements due to coronavirus disease 2019 (COVID-19) protocols.

Mr. Bruton said that while the long hiatus affected their other players and hampered their preparation, it worked to their favor in a way with Mr. Sotto (knee soreness) and Sunday Dech (quadricep) now at full strength.

“I think it’s a double-edged sword. It does help with us getting a little bit closer to having Sunday on the floor and having everyone on deck,” said Mr. Bruton in the Adelaide official podcast, Sixers Fix.

“(Kai) has definitely come back. As he has all offseason, he has shown his ability to impact the game not only on the defensive end but also the offensive end,” he added.

Adelaide returns to action next Tuesday against Perth as per the updated NBL schedule after being in protocols due to a member testing positive for COVID-19 before New Year.

It will mark the second game of Mr. Sotto, who missed his team’s first four matches, following his debut against Cairns last Dec. 18 that also happened to be their last action so far.

“By being so big, he has the ability to be dominant around the rim in that role. I see it no differently coming into our next game as well,” added Mr. Bruton on the 7-foot-3 Filipino sensation.

Adelaide had five postponed matches against Perth (Dec. 28 and Jan. 7), South East Melbourne (Jan. 2), Illawarra (Jan. 9), and Tasmania (Jan. 16). — John Bryan Ulanday

Parthenon fragment returns to Greece, rekindling campaign for UK to hand over marbles

Elgin Marbles British Museum — EN.WIKIPEDIA.ORG

ATHENS — A marble fragment of the Parthenon temple has been returned to Athens from a museum in Sicily, a move officials hope will advance efforts to have the British Museum send back ancient sculptures from Greece’s most renowned ancient landmark.

Athens’ Acropolis Museum presented on Monday the “Fagan fragment,” a 35-by-31-centimeter (12-by-14-inch) marble fragment showing the foot of the seated ancient Greek goddess Artemis brought home from the Antonio Salinas Archaeological Museum in Palermo.

“It is marvelous that Sicilian and Italian friends thought to bring it back where it was born,” Acropolis Museum Director Nikolaos Stampolidis said of the fragment, once part of the temple’s eastern frieze.

It is to be placed in the Parthenon Gallery — a glass-walled chamber with a view of the Parthenon that displays sculptures of the temple’s 160-meter-(520-foot)-long frieze in the same position as they were on the original monument, with plaster copies replacing pieces that are now mainly in the British Museum.

“We hope that this first step taken by Sicily can encourage a similar decision in other countries,” said Antonio Salinas Museum Director Caterina Greco.

Part of Sicily’s cultural heritage agreement, which provides for transfers and exchanges of artefacts between museums, the Parthenon fragment will be loaned to Athens for four years with a renewal option for another four, but talks are underway between governments for the piece to remain permanently.

In return, the Acropolis Museum will loan Palermo a 5th century BC headless statue of the goddess Athena and an 8th century BC amphora from the Geometric period for four years.

The “Fagan fragment” is a part of a larger sculpture in the Acropolis Museum that is mostly a plaster copy, whose original pieces are in the British Museum.

The fragment was once part of the collection of the 19th century British consul general to Sicily, Robert Fagan, a diplomat and archaeologist, before it was purchased by the Royal University of Palermo in 1820 from his widow after his death. It is not clear how Mr. Fagan first acquired it.

LONG DISPUTE OVER ‘ELGIN MARBLES’
The “Fagan fragment” is the first piece of the sculptures of the Parthenon – Greece’s most renowned 5th century BC monument — to return to Greece from a foreign museum.

Athens has campaigned to have the “Elgin Marbles,” as they are often known — 75 meters of Parthenon frieze, 15 metopes and 17 sculptures — returned from the British Museum since they were removed by British diplomat Lord Elgin in the early 19th century when he was ambassador to the Ottoman Empire then ruling Greece.

The British Museum bought the marbles in 1816 and British officials say they had been acquired legally by Elgin, a claim Greece denies. The British Museum says there are no current discussions with the Greek government on their return.

“They are essentially providing the road map on how the permanent return of the Parthenon marbles to Athens could be organized,” said Greek Culture Minister Lina Mendoni, referring to the loan by Italy.

Greek Prime Minister Kyriakos Mitsotakis has offered to loan significant artefacts to Britain in return for the marbles, after decades of rejected appeals.

“(This) paves the way for the British Museum to enter into serious discussions with the Greek authorities in order to find a solution that would be mutually acceptable,” Mr. Mitsotakis said during the presentation.

When Mr. Mitsotakis visited Downing Street in November, British Prime Minister Boris Johnson told him that the issue was one for the British Museum and not for his government.

“I did raise the issue when I visited,” Mr. Mitsotakis said on Monday. “I felt encouraged by (Johnson’s) statement… that the British government would not oppose a possible agreement that could be reached between (Greece) and the British Museum.”

In March last year Mr. Johnson told a Greek newspaper that Britain was the legal owner of the marbles.

Recently European countries such as France, Spain, and Germany have stepped up to return looted artefacts in their museums back to their African countries of origin.

“When there is a will, there is a way. Sooner or later this will happen,” Mr. Mitsotakis said of the marbles returning from Britain. — Reuters

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