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Fish production rises 3.1% in second quarter

FISHERIES OUTPUT rose 3.1% year on year to 1.18 million metric tons (MT) in the second quarter led by commercial fisheries and aquaculture producers, the Philippine Statistics Authority (PSA) said.

In its fisheries situation report, the PSA said production of commercial fisheries, which accounted for 27.3% of total output, rose 13.5% to 321.72 thousand MT.

Harvests from aquaculture farms rose 3.4% to 566.94 thousand MT and accounted for 48.2% of total production.

Production of municipal fisheries fell 7.1% to 287.81 thousand MT and accounted for 24.5% of fisheries output.

Of the total output, 88.7% or 255.27 thousand MT consisted of fish unloaded at municipal landing centers while the rest were fish caught in inland waters.

The PSA said that of 20 major fish species in the country, the biggest increase in production was in bali sardinella (tamban) at 45.7% to 125,996 MT, followed by skipjack (gulyasan) at 19.7% to 74,048 MT, and round scad (galunggong) at 18.6% to 74,709 MT.

Other fish showing output gains were cavalla (talakitok), up 8.1% at 7,086 MT, yellowfin tuna (tambakol/bariles), up 3.5% at 29,847 MT, tiger prawn (sugpo), up 2.3% at 12,652 MT, milkfish (bangus), up 2.2% at 106,915 MT, and seaweed, up 1.1% at 312,480 MT.

Registering declining output were fimbriated sardines (tunsoy), down 45.9% at 13,096 MT, Indian mackerel (alumahan), down 24% at 13,906 MT, slipmouth (sapsap), down 17.5% at 9,324 MT, squid (pusit), down 15.2% at 12,694 MT, and big-eyed scad (matangbaka), down 13.2% at 25,994 MT. — Revin Mikhael D. Ochave

Mitsubishi PHL sales up by 39% in July

MITSUBISHI MOTORS Philippines Corp. (MMPC) reported that it registered sales growth last July. Its total of 3,149 units sold was 39% compared to June sales, and the company noted that the increase was reflected across its model lineup. The Mitsubishi Xpander moved 1,038 units, 63% improvement over June, followed by Mitsubishi Strada (up 58%), and the Mitsubishi L300 (up 19%).

Said MMPC President and CEO Mutsuhiro Oshikiri in a release, “We at Mitsubishi Motors Philippines Corp. very much appreciate the significant sales improvement achieved in the month of July — not just for the Mitsubishi brand but for the entire automotive industry. The progress represents the commendable capability of the Philippine market to adapt during these trying times. We hope that the strong momentum will continue and we at MMPC will strive harder to provide better offerings both in sales and aftersales service. Despite the very challenging situation that we are facing, (we remain) optimistic and inspired to serve our customers.”

MMPC is currently offering its “Head Start” promo giving free two-month amortization on the Xpander and Mirage G4, and the “Mid-Year Lowdown” for low down payment plans on the Strada, L300 and Mirage. The Montero Sport 4WD GT is also available for as low as P98,000 down payment or savings as high as P230,000 for cash buyers, or zero interest for 36 months. For more information, visit www.mmpc.ph or contact any Mitsubishi Motors dealership.

Yields on gov’t debt end flat as market trades RTBs

YIELDS ON government securities (GS) ended flat last week as market players traded the newly listed five-year retail Treasury bonds (RTB) and on news of the central bank funding state debt.

Bond yields, which move opposite to prices, were unchanged on average from the previous week, based on the PHP Bloomberg Valuation Service Reference Rates as of Aug. 14 published on the Philippine Dealing System’s website.

“Despite the flat week-on-week yields movement, market turned active once again after daily trading volume reached P40 billion on Aug. 13, for the first time in over a month, on newly listed RTB 5-13 trades — closing the week 7.8 bps (basis points) lower since its listing date,” First Metro Asset Management, Inc. (FAMI) said in an e-mail.

“Buying interest also reemerged for the FXTN 10-65 (10-year bonds) after it was reissued above market expectations, ending the week at 2.604%, down 12 bps from 2.724% awarded rate during the auction,” it added.

Meanwhile, a bond trader attributed the movement to investors welcoming hints from government officials on easing the lockdown in Metro Manila and nearby provinces beyond Aug. 18.

“However, the rise in yields was capped after data from the Bureau of the Treasury (BTr) indicated that the Bangko Sentral ng Pilipinas (BSP) bought almost half of local government debt issuances last July,” the trader said in an e-mail.

“The recent BSP action…was adopted by advanced economies right after the 2008 Global Financial Crisis as a way to influence long-term yields lower by purchasing government securities. This is highly seen to provide an accommodative lending environment which is pivotal to economic recovery,” the trader added.

On Aug. 7, the Treasury ended the three-week public offer for the RTBs after it raised a record P516.3 billion — P488.5 billion in fresh funds and P27.8 billion in switch subscriptions.

These bonds carry a coupon rate of 2.625% and were issued last Wednesday. They were also listed on the Philippine Dealing & Exchange Corp.

Meanwhile, the Treasury fully awarded reissued 10-year debt last Tuesday, raising P30 billion as planned and even opening the tap facility for P10 billion more to take advantage of strong investor demand and low rates.

Bloomberg reported on Wednesday the central bank purchased about P800 billion or 45% of government debt as of July, citing data from the Treasury.

Around P300 billion were obtained directly from the government while the P500 billion were bought from the secondary market, according to the report. The Treasury has yet to confirm the data.

The Monetary Board in March authorized the central bank to buy P300 billion in government securities from the Treasury via a repurchase agreement with a maximum repayment period of six months to boost the government’s war chest against the coronavirus disease 2019 (COVID-19).

Funding government debt has also been done by other emerging economies like Indonesia as the public sector scrambles to finance their COVID-19 response.

At the close of trading on Friday, GS yields ended mixed compared to Aug. 7 as rates of the 91-, 182-, and 364-day Treasury bills went down by 5.1 bps, 4.6 bps, and 1.1 bps, respectively, to finish at 1.237%, 1.489%, and 1.779%.

At the belly, the yield on the two-year Treasury bond (T-bonds) slipped by 0.3 bp to 2.006%, while rates of the three-, four-, five-, and seven-year T-bonds increased by 4 bps (2.183%), 7.8 bps (2.343%), 9.6 bps (2.477%), and 5.1 bps (2.636%).

The 10-year debt also rose by 1.1 bps to yield 2.704%, while the 20- and 25-year papers fell 8.9 bps (3.499%) and 7.4 bps (3.591%).

Both market participants see the yields this week being influenced by the Monetary Board meeting on Thursday, Aug. 20, even as BSP Governor Benjamin E. Diokno said last week there are “no compelling reasons” for further rate cuts at this time.

The central bank has cut policy rates by 175 bps so far this year, putting the rates of the overnight reverse repurchase, lending, and deposit facilities at record lows of 2.25%, 2.75 and 1.75%, respectively.

The bond trader, however, said escalating US-China geopolitical tensions and uncertainty on lockdown decisions may weaken yield gains.

“We see liquid five-year and 10-year securities to trade on slight downward bias,” FAMI said. — Marissa Mae M. Ramos

Style (08/17/20)

Farmers Garden plants online

PLANTITOS and plantitas may be interested to learn that they can visit their favorite Araneta City Farmers Garden plant shops online. Check out the various stalls’ online catalogue and avail of their online pabili service by visiting https://farmersmarketandgarden.aranetacity.com/index.html#Farmers-Garden, or join the Farmers Market & Garden P Viber group (bit.ly/FarmersMarketPH).

Aerian Essentials launches anti-viral masks

AERIAN ESSENTIALS has launched its first line of wearable face masks that are supposed to actively kill viruses upon contact. Designed and developed by a team led by Albert Andrada, Aerian Essentials has three design variants: premium, luxewear, and classic. The Aerian Premium masks are made for everyday use, while the Aerian Luxewear masks come in Andrada’s signature opulent colors and prints. The Aerian Classic masks incorporate indigenous prints from The Kadama Collective. Aerian Nanosilver has been developed with patented technology that binds nanosilver particles less than 5 nanometers in size to cloth, giving it anti-viral properties. The nanosilver does not leach, making it safe for the user and the environment. Each Aerian protective wearable has three layers: an exterior layer that blocks particles, the nCamM middle layer that kills viruses upon contact, and a protective inner layer that enhances the item’s longevity. The Aerian Classic is available for P299, the Premium mask is available at P799, and the Luxewear mask is available for P1,999. With proper care, each mask can last up to four months.  All of the masks are reusable. Aerian Essentials products are available via www.aerianessentials.com, through Instagram (@aerian.essentials) and Facebook (@aerianessentials). 

Self-disinfecting face mask

FINE HYGIENIC Holding’s Fine Guard mask uses virus control methods created by Swiss hygiene technology company Livinguard Technology, which are clinically proven to immediately neutralize and kill viruses on contact, with the added benefits of comfort, eco-friendliness, and cost-efficiency. Fine Guard masks have obtained multiple FDA certifications from around the globe. The Fine Guard Comfort  and N95 antiviral masks sterilize the air that passes through the mask, killing bacteria and viruses that slip through. The masks are designed to fit snugly and comfortably on the face, with size choices. They are available in blue and black. The masks have adjustable ear bands and can be easily worn by those who use eyeglasses as the masks sit right below the top of the nasal bone. It has been tested by Nelson’s Laboratories in the US for sensitization, irritation and acute dermal toxicity and its self-disinfecting textile have passed all three standards. The Fine Guard Comfort Mask retails for P995 and the N95 Mask is priced at P1,495; they are exclusively distributed by RPG Distribution Services, Inc. Fine Guard is available in True Value, Afpces, Rustan’s, and will soon be available in other leading retailers nationwide and e-commerce sites. For more information about Fine Guard products visit www.fineguard.me.

Galderma Aesthetics offers Restylane

ONE OF the pillars of the broad aesthetic portfolio of Galderma Aesthetics Philippines — which includes Dysport, Azzalure, and Sculptra — is Restylane, the world’s first stabilized non-animal hyaluronic acid (HA) filler. Restylane offers a diverse range of fillers that can be tailored to any individual look. Since its launch in 1996, Restylane has been producing innovation, specifically through its gel technologies: Restylane NASHA and Restylane OBT. Due to the high flexibility of these products, they’re able to move with the animation of the face and are suited for finer lines. Restylane ensures to give real and reliable results within a week, with immediate and visible results as one undergoes the procedure. Galderma Aesthetics Philippines is now expanding its presence online through Facebook and Instagram (@galdermaaestheticsph).

Landers’ 4th anniversary promo

MEMBERSHIP SHOPPING establishment Landers Superstore kicks off its 4th anniversary celebration by offering perks to new and renewing members. For starters, Landers is offering 25% off on its membership fee (P600 after the discount) for new members and those renewing their membership. The promo is valid for in-store applications and renewals until Aug. 31 and is open to all Premium and Business Primary cardholders. For every new membership or renewal, Landers is also giving away P200 worth of gift certificates from Kuya J, P200 worth of gift certificates from Isla Sugbu Seafood City, with an additional P200 gift certificate from either Popeyes (Manila only) or Majestic (Cebu only), for a total of P600 worth of gift certificates. Landers Superstores have an expansive shopping area with spacious well-lit aisles and  products ranging from imported products from the US, Canada, and Australia to high-quality local and exclusive brands. Members also get to join online and in-store sale events with discounts and promos for members, plus have access to the Landers’ website where they can shop and and have their purchases delivered to their homes. For more information or to apply for membership, visit any Landers superstore. Follow @landersph on Facebook and Instagram for the latest deals and promos.

Index inclusion, market expansion plan boost Emperador share price

By Lourdes O. Pilar, Researcher

NEWS of Emperador, Inc.’s inclusion in the 30-member benchmark Philippine Stock Exchange index (PSEi) and its plan to expand to Latin America next year lifted the liquor manufacturer’s stock price last week.

A total of P1.63 billion worth of 155.23 million shares exchanged hands from Aug. 10-14, data from the Philippine Stock Exchange showed. Emperador was the third most active stock that week.

Emperador shares finished at P10.98 apiece on Friday, up 20.7% from P9.1 a week ago. Since the start of the year, they went up 52.3%.

“This was mainly driven by the PSE’s announcement last Aug. 7 that Emperador will replace Semirara Mining and Power Corp. in the PSEi starting Aug. 17. This created demand on the stock from passive funds that are tracking the PSEi,” Philippine National Bank (PNB) Vice-President and Head of Equity Research Division Alvin Joseph A. Arogo said in an e-mail.

Mr. Arogo added the company’s plans to bring its local brandy brand to Latin America in 2021 has “helped marginally” in the stock’s price movements.

The PSE on Aug. 7 released the result of its semi-annual review of indices compositions. Included among the changes was the addition of Emperador to the PSEi, which means the company ranked among the highest in market capitalization and the top 25% by median daily value per month in nine out of 12 months, as well as having maintained a float level of at least 15%.

Emperador was also added to the PSE’s industrial subindex.

As of Friday, Emperador’s market capitalization was P162.37 billion, higher than Semirara’s P40.81 billion.

On Aug. 11, the Andrew L. Tan-led company said in a statement that its Mexican subsidiary, Casa Pedro Domecq, cornered 57% of the brandy market share in Mexico, citing data from marketing firm Nielsen Corp. This prompted the company’s plan to begin next year the export of its Emperador Brandy to Mexico and other Latin American countries.

Casa Pedro Domecq, which Emperador took control in 2017, manufactures three brandy brands in Mexico: Presidente, Don Pedro and Aztec de Oro. Together, these contribute 96% of Casa Pedro’s brandy sales in the country.

Emperador currently exports Emperador Brandy to North America, Asia, Europe, Russia and Africa.

Emperador’s brandy business accounted for P14.9 billion, or 69% of its total P21.5-billion revenues in the first half. Its attributable net income during the period grew 2.4% year on year to P3.3 billion.

The company controls Emperador Distillers, Inc.; Scotch whiskey maker Whyte and Mackay Group Ltd.; and Spain-based Bodegas Fundador S.L.U.

“Emperador’s share price will likely continue to be buoyed by buying from passive funds,” PNB’s Mr. Arogo said.

In a separate e-mail, Mercantile Securities Corp. Analyst Jeff Radley C. See said the stock “might slide a bit” as investors take the opportunity to sell at a profit, but noted that overall, “it is still bullish.”

Mr. See pegged the stock’s support at P10 and resistance levels to be between P11.50-P11.60.

New quarantine measures to dictate stock trading

LOCAL SHARES are expected to rally this week as investors wait for the government’s announcement on quarantine measures to be implemented in Metro Manila.

The bellwether Philippine Stock Exchange index (PSEi) fell 20.87 points or 0.34% to end at 6,076.91 on Friday, which broke the local market’s four-day winning streak.

Net foreign buying reached P516.25 million on Friday while value turnover was at P9.46 billion, with 6.80 billion shares changing hands, against Thursday’s P17.15 billion worth of 1.35 billion shares.

Philstocks Financial, Inc. Research Associate Piper Chaucer E. Tan said in a mobile phone message that the market may move to positive territory this week as a result of optimistic investor sentiment in light of the upcoming announcement by President Rodrigo R. Duterte on quarantine measures in Metro Manila.

“The market may rally towards and will move at our forecasted range for this week at the 6,000 to 6,300 range due to the positive sentiment of moving the nation’s capital to general community quarantine, which more businesses are allowed to operate,” Mr. Tan said.

Metro Manila and the nearby provinces of Bulacan, Laguna, Cavite, and Rizal were placed under stricter lockdown protocols for two weeks until Aug. 18 due to requests from medical frontliners for a respite amid rising cases of coronavirus disease 2019 (COVID-19).

The request aims to provide the government an opportunity to curb the growing number of COVID-19 cases in the capital.

Mr. Duterte is expected to announce new quarantine measures for these areas on Monday.

However, Mr. Tan said rising COVID-19 cases during the upcoming week may be negative for the market.

Timson Securities, Inc. Head of Online Trading and Trader Darren Blaine T. Pangan said the market’s next line of support may be at the 5,700 level.

“We may have to see if the psychological support at 6,000 holds. However, if the market moves higher, we’ll see if the index ends near the 6,400 resistance area,” Mr. Pangan said in a mobile phone message.

“The meeting between the US and China’s trade officials set to take place this weekend was postponed, and we’ll see how this may affect market sentiment on Monday,” he added.

The scheduled meeting between the two economic superpowers on Saturday was delayed due to conflicting schedules and the need for China to buy more US exports as part of their phase one trade deal signed earlier this year.

Meanwhile, online brokerage 2TradeAsia.com said in a market note placed the PSEi’s resistance between the 6,200 to 6,250 levels.

“Guidance might stem from the local central bank’s policy meeting and the national government’s next move on quarantine restrictions,” it said. — Revin Mikhael D. Ochave

Philippines bans chicken imports from Brazil on coronavirus scare

MANILA — The Philippines imposed a temporary ban on poultry meat imports from Brazil on Friday after two cities in China found traces of the new coronavirus in cargoes of imported frozen food, including chicken wings from the South American country.

Shenzhen city authorities identified the chicken as originating from a plant owned by Aurora, Brazil’s third-largest poultry and pork exporter.

Brazil has the world’s second-worst COVID-19 (coronavirus disease 2019) outbreak after the United States, recording more than 3.2 million cases and more than 105,000 deaths since the pandemic began.

“With the recent reports from China and in compliance with the country’s Food Safety Act to regulate food business operators and safeguard Filipino consumers, the temporary ban on the import of chicken meat is imposed,” the Department of Agriculture said in a statement.

It did not say how long the ban would be enforced. Brazil accounts for around 20% of the Philippines’ poultry meat imports.

Aurora, which is unlisted, said it had not been formally notified by the Chinese authorities of the alleged contamination. The company said it takes all possible measures to prevent the spread of the coronavirus and there is no evidence it is spread through food. Brazil’s agriculture ministry said it was seeking clarification from Chinese authorities.

The Philippines’ Department of Agriculture assured the public, however, that chicken products currently in the local market were safe to eat.

The World Health Organization said on Thursday it saw no evidence of coronavirus being spread by food or packaging and urged people not to be afraid of the virus entering the food chain. — Reuters

New Audi A8 L featured in ‘factory warehouse sale’

LONGER THAN the standard A8 full-size sedan’s dimensions and wheelbase by 13 cm, the new Audi A8 L 3.0 TFSI MHEV provides more space for rear passengers.

It banners active suspension that helps the car attain the comfort of a chauffeur-driven limousine, or the firm handling of a sports car. Audi said the “system is fully dynamic, relying on electromechanical actuators to lift or force down each of the vehicle’s wheels individually to actively manage ride height in every situation. Using a camera located at the front of the car, the system identifies uneven surfaces before these are reached, and predictively regulates the active suspension.”

This executive vehicle is featured in the ongoing “Audi Factory Warehouse Sale 2.0” promo, which extends discounts as much as P1 million on select 2020 Audi models.

The Audi A8 L features a rear-seat entertainment system comprised of two Audi tablets and a rear seat remote. Connectivity to any platform is assured by Apple CarPlay and Android Auto. Under the hood is a 3.0-liter, turbocharged V6 gasoline engine generating 335hp and 500Nm. Supplementing it is a mild-hybrid system with a belt alternator starter (BAS) and a lithium-ion battery with 10Ah electrical capacity. Through this, A8 L can coast at speeds between 55 kilometer per hour (kph) and 160kph with the engine switched off (thereby producing zero emissions for up to 40 seconds). Upon the application of throttle input, the BAS quickly and smoothly restart the engine.

At the heart of it all is a 48-volt system that functions as the main vehicle electrical system, and offers a high recuperation power of up to 12kW plus start-stop operation from 22kph, thereby reducing fuel consumption. Paired to the new Audi A8 L’s engine is a quick eight-speed tiptronic transmission. Audi’s quattro permanent all-wheel drive system with self-locking center differential, as well as 20-inch Audi Sport alloy wheels, come standard.

The Audi Factory Warehouse Sale 2.0 is made possible through support extended by Audi AG, and runs until Aug. 31, 2020. For more information, call 0917-813-9064, 0917-806-2946, or 0917-935-4111.

How PSEi member stocks performed — August 14, 2020

Here’s a quick glance at how PSEi stocks fared on Friday, August 14, 2020.

COVID-19 infections top 161,000 with total deaths nearing 3,000

THE Department of Health (DoH) reported 3,420 new coronavirus infections on Sunday, bringing the total to 161,253.

The death toll rose to 2,665 after 65 more patients died, while recoveries increased by a record 40,397 to 112,586, it said in a bulletin.

Of the new cases, 2,091 came from Metro Manila, 263 from Laguna, 149 from Cavite, 137 from Batangas and 106 from Rizal, DoH said.

There were 46,002 active cases, 90.7% of which were mild, 6.7% did not show symptoms, 1.1% were severe and 1.5% were critical, it added.

Forty-six of the new reported deaths came from Metro Manila, 13 from Central Visayas, three from the Calabarzon region, and one each from Central Luzon, Bicol, and the Davao regions, the agency said.

More than 1.89 million individuals have been tested for the virus, according to DoH.

DoH reported “time-based” recoveries by reconciling their data with those of local government units.

Under the protocol, patients with mild symptoms or don’t show them at all will be tagged as recoveries after 14 days from the onset of the illness or from the time of swabbing.

The patients should be cleared by physicians before being classed as recoveries.

DoH said last week time-based recoveries will be reported every Sunday.

President Rodrigo R. Duterte locked down Luzon island in mid-March, suspending work, classes and public transportation to contain the pandemic. People should stay home except to buy food and other basic goods, he said.

He extended the strict lockdown twice for the island and thrice for Metro Manila. He later put Manila and nearby cities and provinces back under a strict lockdown until Aug. 18 after a fresh surge in infections.

The Education department also moved the opening of classes to Oct. 5 from Aug. 24. Mr. Duterte has said he wouldn’t allow face-face classes in the absence of a vaccine.

While Russia claims to be the first country to develop a coronavirus vaccine, trials were still being conducted and the vaccine shots are not expected to arrive in the Philippines until next year.

Russian President Vladimir Putin on Tuesday said his country had developed the first vaccine for the coronavirus. Critics have questioned the safety of the vaccine from the Gamaleya Research Institute of Epidemiology and Microbiology since vaccines take years to develop.

The Philippines and Russia seek to run phase 3 clinical trials of the vaccine from October to March, and these may involve as many as 3,000 volunteer patients, Presidential Spokesman Harry L. Roque said last week.

The coronavirus has sickened about 21.6 million and killed more than 769,000 people worldwide, according to Worldometers website, citing various sources including data from the World Health Organization.

The website said about 14.3 million people have recovered from the virus, listing only  6.5 million active cases. — Vann Marlo M. Villegas

More than 10,000 OFWs come home

MORE THAN 10,500 overseas Filipinos arrived last week amid a coronavirus pandemic that has sickened 21.6 million and killed more than 769,000 people worldwide, the Department of Foreign Affairs (DFA) said at the weekend.

Among those who came home through 27 special commercial repatriation flights and two flights chartered by DFA were about 8,100 migrant workers from the Middle East.

The rest came from Seychelles, Brazil, Canada, the United States, Japan, India, China, Sri Lanka, the Netherlands and Greece among other countries.

This brought the total number of repatriated Filipinos to 135,290, the agency said in a statement on Saturday. Of the total, 39% were sea-based, while the rest were land-based.

Meanwhile, DFA said the first batch of distressed workers from Lebanon after an Aug. 4 explosion there would arrive on Monday. The blast at a port warehouse in Beirut killed at least four overseas Filipinos and hurt more than 40 others.

DFA said 9,800 migrant Filipinos have been infected with the coronavirus, 3,300 of whom were being treated, 5,800 have recovered and 725 died.

The House of Representatives has sought to increase the DFA budget for distressed overseas Filipino workers under a bill that will give President Rodrigo R. Duterte special powers to deal with the pandemic.

“With the additional funds, we hope to bring home more of our kababayans by September and December,” Speaker Alan Peter S. Cayetano said in a statement on Sunday.

DFA is expecting 90,900 more workers to arrive by September and 100,000 more by December, he said, citing DFA.

The bill provided about P820 million in additional funding to cover expenses of bringing home overseas workers. The counterpart Senate bill does not have a similar provision.

Lawmakers are trying to reconcile conflicting provisions of the bills at a bicameral conference committee. — Charmaine A. Tadalan

More than 58,000 prisoners released during pandemic

MORE THAN 58,625 inmates have been released since President Rodrigo R. Duterte locked down the entire Luzon island in mid-March to contain a coronavirus pandemic, according to Supreme Court data.

Among the regions with the highest prisoner releases were Metro Manila with 12,726, followed by the Calabarzon region with 10,354, Central Luzon with  7,855 and Central Visayas with 6,970.

The Office of the Court Administrator also allowed 882 trial courts to pilot-test and conduct video conferencing for hearings.

A total of 47,676 videoconferencing hearings were held from May 4 to Aug. 7 with an 85% success rate.

The Supreme Court has issued rules to address jail congestion to stop the spread of the coronavirus, including the release of indigent inmates through reduced bail. It also allowed courts to hold virtual hearings.

The Judiciary also told trial court judges to release prisoners who had served the minimum penalty for their sentences and those who had no witnesses for their cases.

The Department of Justice likewise approved the rules relaxing the requirements for the grant of parole and executive clemency to prisoners.

With 215,000 prisoners nationwide, Philippine jails and prisons are overfilled more than five times their official capacity, making it the most overcrowded prison system in the world, according to the World Prison Brief (WPB).

As of 2017, it had 933 jails — seven national prisons and 926 city, district, municipal and provincial jails, which are not enough to contain inmates, three-quarters of whom were at the pre-trial stage, WPB said on its website. — Vann Marlo M. Villegas

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