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Heading for the exit

DOODER-FREEPIK

Leaving an organization requires an expression not just of sadness but also remnants of good feelings over times past. (Didn’t we have a good time?) The desire to be on good terms with former colleagues allows the dearly departing time to slowly head for the exit. He hints of a reunion of sorts, even when this is remote, or even unconstitutional.

In the corporate world, the goodbye ritual is called an exit interview.

Management seems curious to know why employees leave, especially when they are prized. The exit interview is designed to draw out the motives behind a departure not reflected in a dry, maybe even angry, resignation letter. There seems to be a compulsion to discover extraneous reasons for resignations like migration plans to Vancouver or the call of a family business. Joining the competition for higher pay is more troublesome, though usually undisclosed.

But what about departures initiated by management (push factors) which are becoming more common than greener pastures (pull factors)? Is there still need to interview targets of a redundancy program? (The pandemic has required us to cut back.)

While not expected to sing the praises of a boss that just dumped him, the early retiree may offer some useful observations regarding the canteen. A disgruntled person is likely to dwell on unflattering profiles of at least two layers of management above him. There is no need to argue, only to nod and show that one has not fallen asleep. (And did he raise his voice when calling you a moron?)

It is important not to go overboard in assuring an outgoing executive of the company’s undying affection. Phrases to avoid include the following: a.) Let us know what we can do for you; b.) Do not hesitate to call us in case you need help; c.) Our doors will always be open to you; and, d.) Let’s have lunch sometime. While such expressions of goodwill engender a pleasant atmosphere, the implied assurance to provide help can be taken literally.

After the ax has figuratively severed extraneous protrusions above the shoulder, there comes a series of farewells from colleagues (I just want to wish you luck) complete with a sumptuous lunch with video messages. Why is everybody suddenly interested in what the dispatched executive plans to do after he gets his separation check?

As a people, we seem to clock the longest goodbye.

The French don’t even bother. They just disappear from the scene without much ado, hence the term, “French leave.” There is little curiosity among the French on where the guests seem to have gone, merely recognition of fewer and fewer people milling around the bar. And when there’s nobody left but the hosts, it’s time to pack up.

With us, it seems that a person leaving a party is somehow betraying the cause of happiness and hastening the end of the festivities. She is escorted out, doing several stops to exchange final words with other guests on the way to the door and additional stops on the way to the gate, with a final wave from the window of her car. This version of the Stations of the Cross (He consoles the weeping women of Jerusalem) is the standard exit from a social occasion.

The long goodbye influences the architectural design of public buildings. Airports need to accommodate well-wishers seeing off a relative or friend going abroad, especially when this entails a long absence. Of course, there’s ample space in all the airports nowadays, and not so many relatives seeing off the traveler.

Wakes stretch for days. Relatives and friends visit virtually, along with shared prayers over Zoom that extend for nine days. These are followed by more goodbyes on the ninth day, the 40th day get-together, and, if people have forgotten, the death anniversary one year after.

Stretching goodbyes offers a form of healing. But is the long goodbye also applicable to politics?

Political incumbents maximize the term limits allowed by law. Just to stay in the game, they switch positions and play around with the constitutional restrictions. And when they do say goodbye, months before their term is over, there are always doubts that they can still change their minds.

Can saying hello in another position be far behind?

 

Tony Samson is chairman and CEO of TOUCH xda

ar.samson@yahoo.com

Drive for a title overlying theme in Tropang Giga-Hotshots finals

MAGNOLIA’S Chito Victolero (left) and TnT’s Chot Reyes are trying to lead their respective teams to the 2021 PBA Philippine Cup title. — PBA IMAGES

By Michael Angelo S. Murillo, Senior Reporter

THE best-of-seven Philippine Basketball Association (PBA) Philippine Cup finals series between the TnT Tropang Giga and Magnolia Pambansang Manok Hotshots tipped off on Wednesday with the hunger of both teams for a title an overlying theme.

Denied a Philippine Basketball Association title for some time now, the Tropang Giga and Hotshots are determined to finally break through and return to the top as champions.

“The team is really hungry. It has been six years since the franchise’s last championship,” said TnT Tropang Giga head coach Chot Reyes during the pre-finals virtual press conference on Tuesday.

TnT last tasted a PBA championship in the 2015 Commissioner’s Cup.

Since then, it has made it to the finals three times, the most recent last season where they lost to the Barangay Ginebra San Miguel Kings in the Philippine Cup finals, 4-1.

It is this finals futility of late that veteran TnT guard Jayson Castro wants to see ending in the ongoing series.

“Since our last championship, we always lose when we are in the finals. Hopefully this time, we can win the title,” he said.

The same drive is propelling another TnT stalwart Roger Pogoy, who is in search of his first-ever PBA title.

“In five years in the league, I have not won a championship. I am hoping this is the year that I finally get one. We’re going to work hard to get this championship,” the former Far Eastern University standout said.

TnT is seeking its sixth All-Filipino title, first since 2013, and eighth PBA crown in franchise history.

THIRD TIME’S A CHARM
For Magnolia, while the championship wait has not been that long as TnT, having won the PBA Governors’ Cup back in 2018, still having been a bridesmaid in the prestigious All-Filipino Cup twice in the previous three seasons has it itching to finally go over hump.

“This is our third time to go for the Philippine Cup title since 2018. Hopefully, we get over the hump. The players are hungry for this title,” said Magnolia coach Chito Victolero also at the press conference.

Apart from losing in the 2018 Philippine Cup finals, the Hotshots also wound up runner-up the following year in the same tournament. Both losses were at the hands of the San Miguel Beermen.

An elusive first-ever All-Filipino title, meanwhile, is what Hotshots All-Star Paul Lee is gunning for.

“This is special because it’s another chance for me to win my first-ever All-Filipino title. In my 10 years in the PBA, I have not won the All-Filipino,” said Mr. Lee, a three-time PBA champion since being drafted second overall in the 2011 rookie draft.

For Ian Sangalang, a championship would be a fitting ending for a tough campaign for them, that has seen them endure being away from their families and playing amid the uncertainties brought about by the pandemic.

“We have sacrificed a lot and winning the title will be a fitting reward for that,” he said.

The Hotshots are in search of Philippine Cup title number seven and 15th league championship.

The TnT-Magnolia finals happening at the Don Honorio Ventura State University in Bacolor, Pampanga, is the first time the two teams are meeting in the championship since 2014 when Magnolia (then playing as San Mig Coffee) won the Commissioner’s Cup, part of its Grand Slam season.

Defending champion Bucks open with easy win over Nets

MILWAUKEE Bucks forward Giannis Antetokounmpo (34) drives to the basket in the second half at Fiserv Forum. — REUTERS

GIANNIS Antetokounmpo collected 32 points, 14 rebounds and seven assists on Tuesday night as the Milwaukee Bucks opened defense of their second National Basketball Association (NBA) championship with a 127-104 victory over the visiting Brooklyn Nets, in a matchup many think will comprise the Eastern Conference finals.

Before the game, the Bucks unveiled their championship banner and celebrated their first title since 1971 by handing out rings consisting of 360 diamonds (total wins under this ownership) and 4.14 carats of emeralds (representing Milwaukee’s area code).

On the four-month anniversary of Milwaukee eliminating the Nets in Game 7 of the Eastern Conference semifinals in Brooklyn, Antetokounmpo dominated. The NBA Finals MVP shot 12 of 25 from the field and converted 7 of 9 free throw attempts in 30:57 before leaving to a standing ovation late in the fourth quarter.

Khris Middleton added 20 points and nine rebounds as Milwaukee shot 45.7% and hit 17 3-pointers. Reserves Pat Connaughton and Jordan Nwora added 20 and 15 points for the Bucks, who got 45 points from their second unit on a night in which Milwaukee attempted 21 more shots (105 to 84) than the Nets.

Jrue Holiday chipped in 12 points, but the Milwaukee point guard left in the second quarter with a heel contusion.

Kevin Durant totaled 32 points and 11 rebounds for the Nets, whose only lead was 2-0 in the game’s opening minutes. Reserve Patty Mills hit seven 3-pointers without a miss and contributed 21 points, while James Harden chipped in 20 points, eight rebounds and eight assists as Brooklyn shot 44% and hit 17 3-pointers.

Antetokounmpo nearly had a double-double by the end of the first quarter; he totaled 13 points and eight rebounds and the Bucks hit seven 3-pointers for a 37-25 lead.

Holliday’s 16-footer gave Milwaukee its second 19-point lead with 4:47 remaining in the half, but the Nets ended the half with a 16-5 spurt to get within 66-59.

Milwaukee never let the lead slip below seven points and entered the fourth with a 97-85 advantage. The Nets made one last attempt at a comeback, getting within 101-93 on a 3-pointer by Joe Harris with 8:57 remaining.

Antetokounmpo’s putback dunk triggered an 11-2 run that gave Milwaukee a 112-95 lead nearly two minutes later. — Reuters

Jeremy Miado looking to pile up the wins as much as possible

FILIPINO MMA fighter Jeremy Miado returns to the ONE Championship Circle on Oct. 29 at “ONE: NextGen” after two years of inactivity. — ONE CHAMPIONSHIP

AWARE that given the prevailing conditions with the pandemic opportunities to showcase what he can do are rendered limited, Filipino mixed martial arts (MMA) fighter Jeremy “The Jaguar” Miado said he is looking to pile up the wins every chance he gets.

Set to see action at ONE Championship’s “NextGen” event on Oct. 29 in a strawweight rematch with China’s Miao Li Tao, Mr. Miado (9-4) is raring to get back in the Circle and build momentum anew after nearly two years of inactivity.

“Yes, it was tough to be inactive in fights for some time. The forced break made me realize that I have to take advantage of every opportunity given to me because right now, you don’t know when your next fight will be,” said Thailand-based Mr. Miado in Filipino in a Messenger chat with BusinessWorld.

“I kept training during the break with my new team at Marrok Force so that I’ll be ready anytime I’m called up for a fight. Now, I’m looking forward to getting back and getting those wins,” he added.

Mr. Miado last fought in November 2019, beating Mr. Miao in the opening round by way of knockout (flying knee).

The win was a bounce back for him after losing in his previous fight. To date, he has a 3-4 record in ONE Championship.

Seeing action at NextGen, which features some of the future stars of ONE, Mr. Miado said he feels honored and viewing it as an opportunity to further solidify his standing in the main draw of the promotion.

“It is an honor to be included in this ONE card. I think I’m a more complete fighter now, and I will show to the world I’m no longer just a striker, but also have improved skills in wrestling and Brazilian jiu-jitsu,” he said.

At Marrok Force, Mr. Miado joined fellow Filipinos and ONE campaigners Denice and Drex Zamboanga.

NextGen is headlined by the ONE heavyweight kickboxing world championship fight between reigning champion Roman Kryklia of Ukraine and challenger Iraj Azizpour of Iran.

Also on tap are the atomweight world grand prix semifinal showdowns of Stamp of Thailand and Julie Mezabarba of Brazil, and Ritu Phogat of India and Itsuki Hirata of Japan.

In the Philippines, ONE Championship events are shown over One Sports and One Sports+. — Michael Angelo S. Murillo

Aquatics Center serves as host to PSI national tryout

THE New Clark City Aquatics Center in Tarlac will host the 2021 Philippine Swimming, Inc. national selection bubble from Oct. 22 to 24. — BCDA

THE New Clark City Aquatics Center in Capas, Tarlac, will host the country’s national swimmers for the 2021 Philippine Swimming, Inc. (PSI) national selection bubble from Oct. 22 to 24.

The world-class and only International Swimming Federation (FINA)-approved facility in the country will see 71 local swimmers try out for spots in a series of international competitions, namely, the 15th FINA World Swimming Championships 2021 in Abu Dhabi, United Arab Emirates this December, and the 19th FINA World Championships 2022 in Fukuoka, Japan, in May.

The event finally pushes through after it was postponed from its original schedule of Aug. 28 to 30 because of the rising cases of coronavirus disease 2019 (COVID-19) then.

The Bases Conversion and Development Authority (BCDA), the agency in charge of the NCC sports facilities, said it is ready to play as host in line with its vision for the sports complex and to further promote resiliency amid the challenging conditions with the pandemic.

“As a home for Filipino athletes, New Clark City is proud to host this swimming event and help the country’s hopefuls go for gold in international competitions. Through the PSI bubble, our countrymen can see that the country is on the path towards healing, with our athletes serving as icons of determination and strength despite the odds,” said Atty. Aristotle B. Batuhan, BCDA officer-in-charge, in a release.

Mr. Batuhan went on to say that in coordination with organizers, strict health and safety protocols will be implemented during the swimming tryouts, including limiting the movement of participants to the hotel and the training venue and vice versa.

PSI President Lani Velasco, for her part, said they are excited to stage the national tryouts in the confines of the NCC facilities and expressed hope that the three-day event will be a success.

“Aside from being a world-class facility, the New Clark City Aquatics Center is our venue of choice simply because of how BCDA manages it, especially given the current health crisis. While it is important for PSI to be able to host a national selection event for our grassroots swimmers, we also equally value the health and safety of our participants,” Ms. Velasco said.

The PSI national selection bubble is the latest sporting activity that BCDA will be hosting, following the Philippine Basketball Association (PBA) Philippine Cup last year, the International Basketball Federation (FIBA) Asia Cup Qualifiers in June, and the PhilCycling National Trials for Road in July, which all took place at the Clark Freeport Zone in Pampanga. — Michael Angelo S. Murillo

Negros Occidental Beach Volleyball Club to join BVR on Tour restart

BACOLOD’S Bianca Lizares will play for the Negros Occidental Beach Volleyball Club in the Beach Volleyball Republic legs this month. — BVR

THE Negros Occidental Beach Volleyball Club will make its debut in the Beach Volleyball Republic (BVR) On Tour restart in Cagayan.

Team Delimondo’s Bianca Lizares and MJ Ebro will represent Negros Occidental in the two legs to be played in a bubble setting on Oct. 21-24 and 28-31.

Ms. Lizares is no stranger in club beach volleyball, having been part of the Sta. Lucia and Creamline squads. The Bacolod pride was a second runner-up with Jennifer Cosas in the 2019 Philippine SuperLiga, and a second-runner placer in the BVR on Tour Bantayan Island leg in 2018.

Ms. Ebro will partner with Ms. Lizares for the first time. A former Cignal HD beach volleyball player, Ms. Ebro is a part of the University of Santo Tomas beach volleyball program.

The team’s men’s squad, meanwhile, hopes to have an impact behind Deanne Neil de Pedro and Eljhay Ronquillo.

The Negros Occidental Beach Volleyball Club was formed only this year.

Houston Astros level ALCS, 2-2, with ninth-inning outburst

BOSTON — Jason Castro hit a tie-breaking single in the Astros’ seven-run ninth inning as Houston rallied past the Boston Red Sox for a 9-2 win on Tuesday night, evening the American League Championship Series (ALCS) at two games apiece.

Castro’s two-out single to right-center field off Red Sox pitcher Nathan Eovaldi (1-1) plated Carlos Correa to make it 3-2.

After Jose Altuve walked, Martin Perez replaced Eovaldi and immediately surrendered a two-run double to Michael Brantley. Yordan Alvarez, Correa and Kyle Tucker tacked on RBI singles to cap Houston’s rally.

Houston reliever Kendall Graveman (1-0) picked up the win after tossing two scoreless innings. Eovaldi was charged with four runs in two-thirds of an inning.

Altuve hit a tying solo blast into the Green Monster seats in left to make it 2-2 to open the eighth. The homer was Altuve’s 21st in postseason play, breaking a tie with Hall of Famer Derek Jeter for the third most in baseball history.

Alex Bregman added a solo homer for the Astros, who had been outscored 21-8 in back-to-back losses in the series. The Red Sox were 12-3 winners in Game 3 at home on Monday after registering a 9-5 win in Game 2 on Saturday in Houston. The Astros’ took the series opener 5-4 on Friday. Game 5 is Wednesday evening in Boston.

After falling behind 9-0 in back-to-back games, the Astros struck first as Bregman sent Boston starter Nick Pivetta’s ninth pitch of the game into the Green Monster seats in left field for a solo blast. — Reuters

Eighth-inning rally lifts Dodgers to Game 3 win over Braves

LOS ANGELES — Cody Bellinger hit a game-tying, three-run home run and Mookie Betts delivered a go-ahead double as the Los Angeles Dodgers erupted for four runs in the eighth inning to earn a 6-5 comeback victory over the Atlanta Braves on Tuesday in Game 3 of the National League Championship Series (NLCS).

Five outs away from falling into a 3-0 series hole and trailing by three runs with little momentum offensively, the Dodgers got singles from Will Smith and AJ Pollock wrapped around an out to open the eighth against Luke Jackson (0-1).

Bellinger, whose miserable regular season included a .165 batting average and a .302 slugging percentage, crushed a 1-2 fastball into the seats in right field, milking his slow trot around the bases as he tied the game 5-5.

A single by Chris Taylor ended Jackson’s outing, with the Dodgers getting back to work against Jesse Chavez. Taylor stole second base, went to third on a groundout by Matt Beaty and scored on a double to right-center from Betts.

The Braves now have a 2-1 lead in the best-of-seven NLCS, just like they did last season when they eventually went up 3-1 before the Dodgers rallied to advance and go on to win the World Series. Freddie Freeman had three hits for the Braves after starting the series 0-for-8 with seven strikeouts.

For the second consecutive game, Corey Seager gave the Dodgers a 2-0 first-inning lead with a two-run home run, but the Los Angeles offense was reduced to a trickle despite working six walks against Atlanta right-hander Charlie Morton.

The Braves pulled ahead in the fourth inning on RBI singles from Joc Pederson, Adam Duvall and Dansby Swanson before a bases-loaded walk from Eddie Rosario gave Atlanta a 4-2 advantage. The Braves made it 5-2 in the fifth on another Duvall RBI single.

Dodgers starter Walker Buehler lasted just 3 2/3 innings, giving up four runs on seven hits and three walks, with three strikeouts. Morton rallied from his slow start to yield two runs on three hits over five innings. He fanned five.

Eight Dodgers relievers combined to give up just one run on five hits over the final 5 1/3 innings. Evan Phillips went 1 2/3 scoreless innings and Tony Gonsolin (1-0) got the last out of the eighth inning. Kenley Jansen struck out the side in the ninth to earn his first save of the postseason. — Reuters

Mbappé-Messi double act earns PSG comeback win against Leipzig

PARIS — Paris St.-Germain’s (PSG) Kylian Mbappé and Lionel Messi found their groove as they inspired their side to a 3-2 comeback victory at home to RB Leipzig in a Champions League thriller on Tuesday.

Mbappé was the first to strike and Messi had the France forward to thank for his second-half double after the Ligue 1 side had fallen 2-1 behind following goals by André Silva and Nordi Mukiele either side of the interval.

Mbappé, who missed a stoppage-time penalty, set up Messi for the equalizer and won the spot kick that the Argentine converted with an ice-cool chip after what had been a lackluster performance from the club’s new signing.

The result left PSG top of Group A with seven points from three games, one point ahead of Manchester City, who demolished Club Brugge 5-1 away earlier on Tuesday. Leipzig have no points.

“They pressed really hard and targeted Marco Verratti,” said PSG coach Mauricio Pochettino, who had to deal with the absence of the injured Neymar and suspended Ángel Di María.

“It was a very tough game, but the team showed their character again.”

Leipzig coach Jesse Marsch added: “There’s a massive difference between us and PSG, but the fact that we almost made it says a lot. We need to trust this young squad.”

Before Mbappé and Messi linked up like two old teammates, PSG often looked out of sorts, incapable of dealing with Leipzig’s high pressure game.

DOUBLE-EDGED SWORD
Jesse Marsch’s side pressed hard from the outset and after eight minutes, PSG’s Keylor Navas had already made three saves.

It was a double-edged sword for the visitors, however, as PSG threatened on the break and they opened the scoring after nine minutes.

Julian Draxler flicked a Marquinhos long pass into the path of Mbappé, who dummied his marker before firing a low shot past Péter Gulácsi for his first Champions League goal this season.

Leipzig did not back down and in the 27th minute Silva’s volley crashed against Navas’s left-hand post. A minute later, Silva turned Angelino’s cross in at the far post to give the German side a deserved equalizer.

Leipzig were the better team and Christopher Nkunku came close to giving them the advantage three minutes before the break when his low shot went just wide after a series of dribbles.

PSG started the second half well, with Messi finding space between the lines, but it was Leipzig who took the lead in the 57th as Mukiele latched onto another Angelino cross at the far post.

The hosts continued to struggle, but a Tyler Adams back pass was intercepted by Mbappé who sped into the area and fed Messi, with the Argentine tapping the ball into the empty net after Gulácsi parried his shot onto the inside of the post after 67 minutes.

It was Mbappé who had set up Messi for PSG’s second goal in their 2-0 victory against Manchester City in the previous round of matches.

Seven minutes later, Mbappé was brought down by Mohamed Simakan and Messi converted the resulting penalty in clinical fashion before again pointing to his strike partner, who has set up his three PSG goals so far.

PSG were awarded another penalty four minutes into added time after a VAR review for a Joško Gvardiol foul on Achraf Hakimi, but Mbappé skied it over the bar, although that did not tarnish a sublime overall performance from the 22-year-old. — Reuters

NBA bets pile up on Lakers’ title; Luka for MVP

BETS are pouring in on the Los Angeles Lakers to win the National Basketball Association (NBA) title and Dallas Mavericks forward Luka Dončić to claim the MVP award as the 2021-2022 season tips off on Tuesday.

The Lakers are the second favorite at most books at a consensus +400 behind the Brooklyn Nets. But several books are taking far more handle on Los Angeles.

Brooklyn opens the season on Tuesday at Milwaukee. The Nets are the prohibitive NBA championship favorite at +230 at BetRivers and DraftKings and +240 at BetMGM. FanDuel also puts the Nets in the role of favorites at +250.

BetMGM has the Lakers at +400 and the Golden State Warriors tied for third at +900 with defending champ Milwaukee. FanDuel has the Bucks third at +650.

BetRivers has significant liability on the underdog Chicago Bulls, who didn’t make the playoffs last season, but spent big to add Lonzo Ball, DeMar DeRozan and Alex Caruso.

“Kyrie Irving’s absence has dominated the leadup to the new NBA season, but the Brooklyn Nets nonetheless remain one of the most popular bets to win the title. Only the Lakers have garnered more interest from bettors in terms of overall tickets,” said Mattias Stetz, the COO of Rush Street Interactive, which owns and operates BetRivers. “In terms of futures liability, the Bulls are at the top of the list, ranking third in handle behind the Lakers and Clippers at a current price of 60-1. The lion’s share of that action has come from our Illinois clients, who clearly like the offseason additions of Lonzo Ball and DeMar DeRozan, as well as the long-shot value in a team they believe could make some noise in the East.”

The Bulls are +6000 at BetRivers and 14th from the top of the futures board for the 2021-2022 title.

The largest bet placed at Westgate Superbook in the NBA title futures market was on the Lakers, a $100,000 wager at 7-2 odds.

BetMGM has expansive markets involving playoff seeding and total wins with the Nets the favorite to be the top seed in the Eastern Conference at -130. Brooklyn also is the top pick to lead the NBA in regular-season wins at +275. Milwaukee (+375), the Lakers (+650) and Utah Jazz (+650) are close behind.

Dončić stands at +500 in NBA futures at FanDuel, ahead of Kevin Durant of the Nets (+650) and Giannis Antetokounmpo (+750).

Lakers guard LeBron James and defending MVP Nikola Jokić are +1600 at FanDuel. — Reuters

Rice prices set to jump as fertilizer rally drives farming costs higher

REUTERS
A WORKER holds up rice in Udon Thani, Thailand, Sept. 16, 2015. — REUTERS

THE MASSIVE rally in fertilizers is coming for rice, a staple food for half of the world’s population, with farmers in one of the top exporters bracing for exorbitant prices of crop nutrients in the coming planting season.

The cost of fertilizer in Thailand is on track to double from 2020, with prices now at 16,000 baht ($480) per ton compared with an average 10,000 baht last year, according to Pramote Charoensilp, president of the Thai Agriculturist Association, which represents rice farmers in the world’s third-biggest shipper.

“It’ll be a problem for rice farmers in coming months. Many of them have already harvested last season’s rice and are getting ready for planting so they’ll need fertilizer,” Pramote said in an interview on Tuesday. “A ton of fertilizer is now more expensive than a ton of rice.”

Rice is a food staple in many countries in Asia and surging fertilizer prices because of a global energy crunch are set to raise costs for many farmers in the region. In some countries, that may lead to governments having to step in to boost farmer subsidies in order to ensure essential supplies.

Like many other rice-producing nations, Thailand buys almost all of its urea, phosphate and potassium from abroad, including from China. That makes the country more vulnerable to changes in Chinese export policies, and the woes are exacerbated by rising logistic costs.

China is stepping up inspection of fertilizer exports amid concern over the impact of rising prices on domestic food security, according to a customs notice dated Oct. 11. China is a key supplier of urea and phosphate to the global market, including to India, Pakistan and Southeast Asian countries.

While floods spared most of Thailand’s rice fields and exporters still have a shipment target of 6 million tons this year, fertilizer costs will become a “big issue” for farmers already struggling with low prices, Pramote said. “The government should intervene.” Prices of Thai white rice 5% broken, a benchmark grade, have tumbled about 30% from a February high. 

Fertilizer costs are having an impact elsewhere in Asia. Vietnam’s plant production department is encouraging rice farmers to cut fertilizer use by as much as half. Meanwhile, in the Philippines, Wilfredo Roldan, administrator of the Fertilizer and Pesticide Authority, expects local rice and corn prices to rise as fertilizer accounts for as much as 70% of the production cost. — Bloomberg

Gates Foundation allots $120M for poor nations to get COVID-19 drug

REUTERS

THE GATES FOUNDATION will allocate up to $120 million to help lower-income countries get an experimental COVID-19 drug being developed by US drugmaker Merck & Co, Inc. in the battle against coronavirus, it said on Wednesday.

The money will support efforts to develop and make generic versions of what could become the first oral antiviral medication for the disease if it wins regulatory approval, the foundation said in a statement.

“Today’s commitment will ensure that more people in more countries get access to the promising drug molnupiravir, but it’s not the end of the story — we need other donors, including foundations and governments, to act,” Co-Chair Melinda French Gates said.

Merck is developing the antiviral pill along with partner Ridgeback Biotherapeutics, to treat coronavirus infections that range from mild to moderate in severity and sought US emergency use authorization for the drug this month.

The step comes as low- and middle-income countries struggle to secure life-saving vaccines and treatments for COVID-19, particularly in Africa, where just about 5% of the population is immunized.

On Tuesday, Reuters reported that an effort led by the World Health Organization to win fair access for poorer countries aims to get antiviral drugs for as little as $10 per course for people with mild symptoms. Merck’s drug is likely to be one of them.

Launched in 2000, the non-profit Bill & Melinda Gates Foundation is the United States’ largest private philanthropic foundation and one of the world’s biggest, pouring about $1.9 billion into the fight against the pandemic since last year.

More than 241.58 million people have been reported infected with the coronavirus worldwide, and more than 5.1 million have died, a Reuters tally shows. — Reuters

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