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SMC ‘cashless’ tollways ready to implement 3-strike policy

SAN Miguel Corp. (SMC) on Tuesday said it is ready to comply with the planned implementation of a “three-strike” policy for erring motorists who use cashless lanes.

The three-strike policy, which is still being finalized by the Toll Regulatory Board, will be applied to motorists with no load or insufficient load balance in their radio-frequency identification (RFID) accounts but repeatedly use the cashless lanes, SMC said in an e-mailed statement.

They are “holding up other motorists and causing traffic,” it added.

Under the planned three-strike policy, erring RFID motorists will only receive a reminder for the first offense and a warning for the second offense.

There will be “apprehension and pre-COVID penalties for those who commit the offense for the third time,” SMC said.

The company, which operates Southern Tagalog Arterial Road, South Luzon Expressway, Skyway System, NAIA Expressway, and Tarlac-Pangasinan-La Union Expressway, reminded motorists that they can reload their RFIDs at various retail outlets, including Petron Treats, Savemore, SM Bills Pay and SM Business Services.

“Online reloading is also available, through partner banks Bank of Commerce, BPI, Union Bank, China Bank, Maybank, and popular gateways GCash, PayMaya, Eon, Coins.ph, and Justpay,” it added.

The company also reported an 85% penetration rate on its RFID lanes.

“We’re no longer seeing the kind of lines we used to have when majority of motorists were using cash payments,” SMC President and Chief Operating Officer Ramon S. Ang said.

Cash lanes remain available at expressways to give motorists more time to avail of free RFID stickers, SMC said. — Arjay L. Balinbin

LANDBANK launches P2-billion credit facility to help fishing operators acquire boats, vessels

STATE-RUN Land Bank of the Philippines (LANDBANK) has launched a new credit facility worth P2 billion to help existing and potential commercial fishing operators acquire vessels.

LANDBANK said in a statement on Tuesday that under the new lending program, qualified borrowers can apply for a loan up to 80% of the acquisition cost to procure a brand-new, second- hand or refurbished commercial fishing boat and other related equipment.

The state-run lender said eligible borrowers under the program are commercial fishing operators from small and medium enterprises, cooperatives, and large enterprises.

It added that purchases qualified as commercial fishing vessels are fishing boats, ships or water crafts with a gross tonnage of 3.1 or higher.

“The boat to be financed should be in seaworthy condition, properly equipped with life-saving, communication, safety and other equipment, and operated and maintained in accordance with the standards set by the Maritime Industry Authority,” LANDBANK said in the statement.

Loans under the new credit facility will have an interest rate of 5% per annum for three years, subject to repricing, and payable up to 10 years.

“LANDBANK remains steadfast in supporting the fisheries sector. We are looking to cover the requirements for fishing vessels to assist more fishers in boosting their production and profit, and contribute to ensuring food security in the country,” LANDBANK President and CEO Cecilia C. Borromeo was quoted as saying. — R.M.D. Ochave

Arts & Culture (02/17/21)

Talk on Copyright at Gateway Gallery’s KulturaSerye

GATEWAY Gallery starts this year’s KulturaSerye with the webinar “ARTHENTICITY: Copyright and Responsible Art-Making,” with attorney Exequiel Valerio of the Intellectual Property Office of the Philippines. The webinar will present the current copyright landscape, define it, its processes and mechanisms. It will also discuss current and pending laws that will cover the issue of copyright. The webinar is ideal for creators, designers, teachers, students, and art enthusiasts to gain a better understanding of copyright laws in the country in order to protect their works. It is co-presented by the Intellectual Property Office of the Philippines and the J. Amado Araneta Foundation. The webinar will be streamed live free on Feb. 20, 2 to 3:30 p.m., at the Gateway Gallery Facebook Page (GatewayGalleryPH). The webinar is open to the public and does not require pre-registration. Viewers will also get an electronic certificate by filling up an online feedback form at the end of the talk. To know more about the event, visit https://www.facebook.com/events/2827473810902636/, or contact Gateway Gallery at gatewaygallery@aranetagroup.com, 8588-4000 local 8300, or via its social media at Facebook (GatewayGalleryPh), Instagram (gateway.gallery), Twitter (gateway_gallery), and YouTube (Gateway Gallery).

Group show, 3 solo exhibits at West Gallery

OPENING on Feb. 18 and running until March 20 at West Gallery are one group show and three solo exhibits. The group show, “Grayscale,” features works by Andres Barrioquinto, Jigger Cruz, Mark Andy Garcia, Winner Jumalon, Raffy T. Napay, Lynyrd Paras, Neil Pasilan, Arturo Sanchez, Jr., Kaloy Sanchez, Luis Antonio Santos, and Hamilton Sulit. Meanwhile,the three solo shows are Alvin Villaruel’s “Days In and Out of the Sun,” Lendl Arvin’s “At the Top of the Food Chain,” and Demosthenes Campos’ “Inclination to Observe.” Visitors to the gallery are welcome by appointment only. To make an appointment, call (02) 3411-0336. The gallery is located at 48 West Ave., Quezon City. It is open Monday to Saturday from 9 a.m. to 4 p.m., and closed on Sundays and public holidays.

PPO stages pocket performances

THE PHILIPPINE Philharmonic Orchestra (PPO) will stage online performances through its Pocket Concert Series from February to July. Billed as The PPO Spotlight: Virtual Pocket Performances, the next concert for the month will be streamed on Feb. 19, 8 p.m., Friday through the Cultural Center of the Philippines’ (CCP) website. The PPO Online Pocket Concert Series is a program of the PPO which can be viewed on the PPO FB page and the CCP YouTube as platforms.

Judge and his wife write a book of renga poetry

FORMER Cebu Regional Trial Court Judge Simeon Dumdum, Jr., who is an accomplished author and a Palanca Award winning writer, has teamed up with his wife, Ma. Milagros “Gingging” T. Dumdum, who is also an author, to write a poetry collection entitled The Sigh of a Hundred Leaves. The two are published poets and have been writing poetry individually for decades. Their book has been released and is being distributed by San Anselmo Publications, Inc. The Sigh of a Hundred Leaves contains 100 renga poems. Renga is a poetry style of Japanese origin and features alternating stanzas from two separate poets; it is composed of only five. Reading renga is akin to listening to a conversation. In the case of the Dumdums’ verses, the effect is an engaging “he said, she said,” exchange. As Mr. Dumdum explains in the book’s introduction, “In this work, my wife Gingging and I agreed that she should write the hokku or the first three lines, and I the waki or the succeeding two lines.” According to the retired judge, his wife and he treated the endeavor as a chess game. “She would make a move and I would make a countermove.” The result is a friendly competition among the spouses. They wrote the poems over a period of a few months before the pandemic. Their words take the reader on journeys to churches, rivers, and gardens; through days and nights of rain, bonfires and clouds; and on paths scented by jasmine, chrysanthemum and other flowers. To complement the book’s Japanese theme, the publisher commissioned young Filipino-Japanese artist Mariko E. Nakamura to design the book. To avail of The Sigh of a Hundred Leaves, send a message to the San Anselmo Publications, Inc. Facebook page. Each copy of the book comes with a free bookmark of the customer’s choice among 19 different designs, with an option to buy all of the designs as well.

Ballet and wellness to be tackled in online workshop

FORMER Ballet Philippines principal dancer Christine Crame will share the unique and remarkable healing benefits of ballet in a free and public online dance workshop entitled Movement Connection on Friday, Feb. 19. In the webinar, Crame will immerse the participants in ballet-based practice exercises beyond that of an artistic dance form, but more of an expressive experience on well-being. The former Associate Director of Ballet Philippines, she majored in Dance at the De La Salle-College of Saint Benilde School of Design and Arts. She currently shares her experience and expertise in the field as a full-time professor and mentor at the college. Hosted by the Arts and Culture Cluster, the session will be moderated by Nina Anonas-De Santos, ACBE, former soloist at Ballet Philippines, principal dancer at the Manila Metropolis Ballet and Junge Ballett Compagnie, Frankfurt and featured international artist at Ballett Frankfurt. It is open to interested parties with fundamental knowledge on basic or contemporary ballet. It will be conducted via Zoom on Feb. 19, 2 to 4 p.m. Interested participants may register via QR code or through https://qrgo.page.link/WcmhX For inquiries, visit the official Facebook page of Benilde Arts and Culture Cluster through https://www.facebook.com/benildearts.

Raffy T. Napay at BenCab Museum’s Gallery Indigo

BENCAB Museum marked its 12th anniversary on Feb. 13 with the opening of Raffy T. Napay’s solo exhibition Cocoon, a collection of large-scale works that embody the artist’s favored material of multi-colored threads. The show is divided into two themes: one being the process of building a better version of self, the other being the notion of family and the sanctuary it offers. The first series, composed of nine works presents an abstract sensibility, in which the stitches constellate into pockets of shapes and forms, but never developing into a discernible image. For Napay, the pandemic has given people the opportunity to delve into their inner reserves, generate what can potentially propel their dreams, and discard those that no longer serve one’s growth. The second series, swaddled in rich red, is a veritable family portrait, with three works suggestive of the mother, father, and child. The exhibit is on view until April 4 at the BenCab Museum’s Gallery Indigo. Viewing is by appointment only. To book, send an e-mail to bencabartfoundation@gmail.com.

Indigenous weaving the focus in Stories for a Better Normal episode

INDIGENOUS weaving advocates will gather virtually to promote appreciation of traditional and ecosystem-based livelihoods and share information on ways to enhance the resilience of rural livelihoods to the pandemic and climate crisis in the next episode of Stories for a Better Normal: Pandemic and Climate Change Pathways. The episode Protect Indigenous Weaving! is hosted by Rep. Loren Legarda, it will air on Feb. 18, 10 a.m., via Facebook Live at facebook.com/CCCPhl and facebook.com/iamlorenlegarda. Joining the online conversation are Virginia Doligas, general manager of Easter Weaving Room Inc.; Anya Lim, co-founder of ANTHILL Fabric Gallery; and attorney Emerson Cuyo, director of Bureau of Copyright and Related Rights of the Intellectual Property Office of the Philippines to discuss how to preserve and protect local weaving patterns against counterfeit and giving indigenous peoples a voice through intellectual property rights.

Nutrition provider ADM moves to help mitigate spread of ASF

HUMAN AND animal nutrition provider ADM Philippines has partnered with the Philippine College of Swine Practitioners (PCSP) and other members of the private and public sectors in a program that will help local hog raisers address African Swine Fever (ASF) in Mindanao.

Lorenzo Mapua, ADM Animal Nutrition Philippines managing director, said during a virtual briefing on Tuesday that the group will support the initiative to control ASF under the “Bantay ASF sa Barangay” program.

“Our support for the Bantay ASF sa Barangay program is our way of helping to prevent these outbreaks from happening and ensuring that hog raisers can continue their livelihood,” Mr. Mapua said.

Mr. Mapua said the program aims to control ASF and help the recovery of backyard and commercial swine farmers with biosecurity, surveillance, and restocking.

Max M. Montenegro, PCSP member and swine consultant, said ASF is the worst animal disease to affect the local hog industry in recent years.

“Bantay ASF sa Barangay, a multi-stakeholder partnership between the public and private sector and veterinarians, seeks to control the spread of ASF and assist in the repopulation of farms affected by the disease,” Mr. Montenegro said.

According to ADM, the program will be initially implemented in Misamis Oriental and Iligan City in Northern Mindanao.

Places in Iligan City that will be pilot areas for the program include Tipanoy, Abono, Dahlipuga, San Roque, and Digkilaan; together with the areas of Tagoloan and Manticao in Misamis Oriental.

“All activities will be supported by the Northern Mindanao Hog Raisers Association, and volunteers from ADM,” the company said.

“The program will also be extended, eventually, in areas in Batangas province,” it added.

Further, ADM via its corporate service arm ADM Cares, donated P5 million worth of assistance for the program and to protect ASF free areas in Mindanao. The funds will be used to procure test kits, training sessions, and farmer seminars.

Citing government data, ADM said ASF has resulted in the culling of more than 400,000 pigs since its detection in 2019.

“As per data from the Department of Agriculture (DA), ASF is present in 11 regions, 34 provinces, 392 municipalities and over 2,000 barangays nationwide. So far, it has cost the Philippine hog industry at least P56-billion,” ADM said. — Revin Mikhael D. Ochave

Navigating cancer with patients

The coronavirus disease 2019 (COVID-19) pandemic has resulted in many patients deferring regular checkups and treatment sessions with their doctor. These interruptions in healthcare have been affecting the health and quality of life of our cancer patients.

Early this month, the Cancer Coalition Philippines (CCPh) and members of the Pharmaceutical and Healthcare Association of the Philippines (PHAP) together with the Department of Health (DoH) held the first of a series of virtual fora in order to put a spotlight on the current plight of cancer patients in the country.

“Cancer Conversations: Navigating Cancer with Patients” aimed to give patients important information such as what to do when one is diagnosed with cancer, what the support systems available are under the National Integrated Cancer Control Act of 2019 (NICCA), and where to source funding support, among others.

In partnership with BusinessWorld, it was a fitting day to kick off our virtual fora series, as Feb. 4 is World Cancer Day and the second anniversary of the enactment of the landmark law NICCA is on Feb. 14.

Hosted by writer and director Bibeth Orteza, herself a cancer survivor and patient advocate, the forum featured key stakeholders in Philippine cancer care. Dr. Corazon Ngelangel, president of the Philippine Cancer Society, stressed, “Cancer does not stop just because there is a pandemic. Cancer clinics must be kept open and safe to enable early and continuing patient visits for cancer screening, diagnosis, treatment, and surveillance.” She underscored the NICCA directive to give all cancer survivors and patients Person With Disability (PWD) status. 

CCPh was one of the key stakeholders in advocating for the enactment of the NICCA and the drafting of its implementing rules and regulations. CCPh President Paul Perez described NICCA as a landmark law that covers the whole cancer care spectrum from prevention, detection, diagnosis, treatment, palliative and pain management, survivorship, and end of life.

“The main intention of the law is to transform cancer care in our country. But as we all know by now, enacting the law is one thing. Implementing it is another, especially with the challenges posed by the pandemic,” he said, highlighting the importance of funding cancer care, noting that this is always the first concern among cancer patients.

The CCPh is composed of I Can Serve Foundation, Philippine Cancer Society, Cancer Warriors Foundation, Philippine Society of Oncologists, Project: Brave Kids, Carewell Community Foundation, and the Philippine Society of Medical Oncology.

Allison C. Umandap of the DoH Malasakit Program Office discussed sources of support and assistance for cancer patients. To date, there are a total of 100 Malasakit Centers in the country, 98 of which are in DoH hospitals and local government unit hospitals. Malasakit Centers have also been set up in the Philippine General Hospital and Veterans Memorial Medical Center.

The Philippine Charity Sweepstakes Office (PCSO) provides medical assistance to qualified cancer patients through their Medical Access Program and Endowment Fund. Cancer patients may seek financial assistance from the DoH Medical Assistance for Indigent Patients as well as from the Department of Social Welfare and Development (DSWD).

Northern Samar Representative Paul R. Daza shared the legislative viewpoint on support and assistance for cancer patients. DoH Undersecretary Myrna C. Cabotaje joined Emerito L. Rojas, executive director of the National Council on Disability Affairs, and Mr.  Perez in a panel discussion on funding for cancer care. Dr. Manuel Francisco T. Roxas, director of the Cancer Commission of the Philippine College of Surgeons, discussed cancer prevention and early signs and symptoms of the disease.

Taguig Representative Lani Cayetano and Tolosa Mayor Maria Ofelia O. Alcantara shared the cancer care programs in their respective localities, which other local government units may consider emulating. Philippine Alliance of Patient Organizations president Ms. Girlie Lorenzo capped the forum with practical advice on how to access healthcare.

We admire our cancer patients for their courage and determination to overcome daunting challenges. We laud patient communities who work hand in hand with the government, the medical community, and the private sector in order to improve cancer care in the country.

 

Teodoro B. Padilla is the executive director of the Pharmaceutical and Healthcare Association of the Philippines (PHAP). PHAP and its member companies represent the research-based pharmaceutical sector in the country.

RBA says monetary support is still needed

AUSTRALIA’S central bank expects “very significant” monetary support will be needed for some time as it’ll take years to meet its inflation and unemployment goals, according to minutes of its February meeting, when the board extended a quantitative easing (QE) program.

“The bond purchase program had helped to lower interest rates and had contributed to a lower exchange rate than otherwise,” the Reserve Bank of Australia (RBA) said in the minutes released in Sydney Tuesday. “Given this, it would be premature to consider withdrawing monetary stimulus.”

The RBA announced two weeks ago it was extending its QE program by a further A$100 billion ($77.9 billion) and doesn’t expect to raise interest rates until 2024. Governor Philip Lowe and his board are trying to keep close to global peers that have sought to stamp out premature tapering speculation.

“A number of central banks in other advanced economies had announced extensions of their bond purchase programs to at least the end of 2021,” the RBA said, adding that there was widespread market expectation that its program would also be extended in some form. If the central bank had allowed QE to end in mid-April, the currency would likely have risen, it said.

“Members concluded that very significant monetary support would be required for some time, as it would be some years before the bank’s goals for inflation and unemployment were achieved,” the RBA added.

While Australia is enjoying a V-shaped recovery with COVID-19 largely under control, boosting confidence and fueling spending and hiring, the economy’s small stature in the global monetary marketplace requires the RBA to stay in the slipstream of major central banks. If Australia were to step outside that line, it would risk sending the currency soaring and damage exports and jobs.

In November, the RBA cut its cash rate, three-year yield target and rate on a bank lending facility to 0.10%. It also announced a six-month, A$100-billion bond-buying program targeting longer-dated securities to catch up with offshore counterparts.

The central bank said today the board would need to consider later in the year whether to shift the focus of the yield target from the April 2024 bond to the November 2024 bond. “In considering this issue, members would give close attention to the flow of economic data and the outlook for inflation and employment,” it said.

The central bank said it’s monitoring the effects of easy policy on the economy and said there were few signs of lending standards deteriorating at this point.

The RBA “acknowledged the risks inherent in investors searching for yield in a low interest rate environment, including risks linked to higher leverage and asset prices, particularly the housing market. It said “the board concluded that there were greater benefits for financial stability from a stronger economy.”

The RBA earlier this month released updated forecasts showing Australia’s economy will grow 3.5% over both 2021 and 2022 and unemployment will fall to around 6% by the end of this year and 5.5% at the end of 2022. Economists predict the jobless rate slid to 6.5% in January ahead of labor force data due Thursday.

The RBA remains concerned about how Australia’s economy will cope with some government programs expiring, with the signature job subsidy due to conclude at the end of March.

“An important near-term issue was how households and businesses would adjust to the tapering of some fiscal support measures and to what extent they would use their stronger balance sheets to support spending,” the central bank said. — Bloomberg

PHL ranks 21st among 50 emerging markets in terms of offering logistics opportunities

PHL ranks 21<sup>st</sup> among 50 emerging markets in terms of offering logistics opportunities

How PSEi member stocks performed — February 16, 2021

Here’s a quick glance at how PSEi stocks fared on Tuesday, February 16, 2021.


Local shares rise on potential lockdown easing

LOCAL STOCKS climbed on Tuesday as global equities rallied and following the National Economic and Development Authority (NEDA) chief’s suggestion to further ease quarantine restrictions to help boost consumption.

The benchmark Philippine Stock Exchange (PSEi) rose by 84.85 points or 1.21% to end at 7,044.06 yesterday. The all shares index also went up by 41.18 points or 0.97% to close at 4,248.84.

“Selling pressure has diminished as investors gained optimism from the global rally in equities. Stock markets abroad continue to move higher and this is encouraging local investors to hold on to their positions,” AAA Southeast Equities, Inc. Research Head Christopher John Mangun said in an e-mail.

Meanwhile, Philstocks Financial, Inc. Research Associate Claire T. Alviar said Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua’s recommendation to ease restrictions further encouraged investors as more businesses would be allowed to operate.

“Given the advice of the NEDA that the Philippines should be placed under less restrictive quarantine measures sparked hopes for an economic recovery in the Philippines, in addition to the plan of reopening the cinemas by March 1,” Ms. Alviar said in a Viber message.

Mr. Chua said in his presentation to President Rodrigo R. Duterte and other government officials aired late Monday that the Philippines should be put under modified general community quarantine — the least restrictive classification — to help revive the pandemic-hit economy.

“The general sentiment is still cautious as investors await policy changes on mobility and business restrictions as well as any surprises from fourth quarter earnings,” AAA Southeast Equities’ Mr. Mangun added.

All sectoral indices at the PSE ended in the green on Tuesday. Property went up by 60.62 points or 1.72% to end at 3,584.92; holding firms gained 103.67 points or 1.44% to 7,256.03; industrials increased by 78.16 points at 0.86% to 9,099.38; financials increased by 8.57 points or 0.58% to 1,466.33; services rose by 2.85 points or 0.19% to 1,499; and mining and oil added 3.42 points or 0.03% to close at 9,135.13.

Value turnover slowed to P18.16 billion on Tuesday with 21.86 billion issues switching hands, lower than Monday’s P19.36 billion with 18.73 billion issues traded.

Advancers outnumbered decliners, 122 against 89, while 54 names finished unchanged on Tuesday.

Foreigners turned sellers anew, with net outflows logged at P68.75 million versus the P5.76 million in net purchases recorded the previous day.

“For [Wednesday], we’re still expecting an upside given the current positive sentiment in the bourse. Also, Asian markets and US futures are mostly in the green. This may spill over until [today],” Philstocks Financial’s Ms. Alviar said. — Keren Concepcion G. Valmonte

Peso drops to P48:$1 level as oil prices climb

THE PESO returned to the P48-per-dollar level on Tuesday amid rising oil prices and bargain hunting by investors.

The local unit closed at P48.25 versus the dollar on Tuesday, sinking by 32 centavos from its Monday finish of P47.93 against the greenback, data from the Bankers Association of the Philippines showed.

The peso opened the session at P47.95 per dollar. Its weakest showing was its close of P48.25 while its intraday best was at P47.935 against the greenback.

Dollars traded yesterday decreased to $1.039 billion from the $1.512 billion seen on Monday.

The peso retreated versus the dollar as global oil prices rose, which could increase the country’s import bill, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a text message.

Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state in the United States, the world’s biggest oil producer, Reuters reported.

Prices also gained as Yemen’s Iran-aligned Houthi group said it struck airports in Saudi Arabia with drones, raising supply concerns in the world’s biggest oil exporter, and on optimism for a global economic recovery amid accelerated COVID-19 vaccine rollouts.

Brent crude was up 14 cents, or 0.2%, at $63.44 a barrel at 0740 GMT, after rising to its highest since January 2020 in the previous session.

US West Texas Intermediate (WTI) crude futures gained 61 cents, or 1%, to $60.08 a barrel. WTI did not settle on Monday because of a US federal holiday. Prices will settle at the close of trading on Tuesday.

The cold weather in the United States halted Texas oil wells and refineries on Monday and forced restrictions on natural gas and crude pipeline operators.

The rare deep freeze prompted the state’s electric power suppliers to impose rotating blackouts, leaving nearly 3 million homes and businesses without power.

Texas produces roughly 4.6 million barrels of oil per day and is home to 31 refineries, the most of any US state, according to Energy Information Administration data, including some of the country’s largest.

In the Middle East, Yemen’s Iran-aligned Houthi group said on Monday it had struck Saudi Arabia’s Abha and Jeddah airports with drones.

The Saudi-led coalition fighting the Houthis in Yemen said early on Monday morning it had intercepted and destroyed an explosive-laden drone fired by the Houthis toward the kingdom.

Meanwhile, a trader said the peso weakened against the greenback on “strong bargain hunting by market participants after closing below the 48 level on Monday.”

The peso’s P47.93-per-dollar close on Monday was the strongest in more than four years or since it finished at P47.83 against the greenback on Sept. 22, 2016.

For today, Mr. Ricafort said the peso will likely move within the P48.15 to P48.30 band versus the dollar while the trader gave a wider forecast range of P48.10 to P48.30. — L.W.T. Noble with Reuters

‘Vaccine nationalism’ may slow pandemic recovery

WASHINGTON — The World Trade Organization’s (WTO) incoming chief on Monday warned against “vaccine nationalism” that would slow progress in ending the COVID-19 pandemic and could erode economic growth for all countries — rich and poor.

Ngozi Okonjo-Iweala told Reuters her top priority was to ensure the WTO does more to address the pandemic, saying members should accelerate efforts to lift export restrictions slowing trade in needed medicines and supplies.

The former Nigerian finance minister and senior World Bank executive was appointed on Monday in a consensus process and starts her new job on March 1.

“The WTO can contribute so much more to helping stop the pandemic,” Ms. Okonjo-Iweala said in an interview at her home in a suburb of Washington.

“No one is safe until everyone is safe. Vaccine nationalism at this time just will not pay, because the variants are coming. If other countries are not immunized, it will just be a blow back,” she said. “It’s unconscionable that people will be dying elsewhere, waiting in a queue, when we have the technology.”

Ms. Okonjo-Iweala said studies showed that the global economy would lose $9 trillion in potential output if poor countries were unable to get their populations vaccinated quickly, and about half of the impact would be borne by rich countries.

“Both on a human health basis, as well as an economic basis, being nationalistic at this time is very costly to the international community,” she said.

“A very top priority for me would be to make sure that prior to the very important ministerial conference… that we come to solutions as to how the WTO can make vaccines, therapeutics and diagnostics accessible in an equitable and affordable fashion to all countries, particularly to poor countries.”

Ms. Okonjo-Iweala said she was heartened by the Biden administration’s contribution to the WHO effort to ensure broader distribution of vaccines, and what she called a “fantastic” conversation with trade advisers in the US Trade Representative’s office. 

“I think our interests and priorities are aligned. They want to bring the WTO back to (its) purpose,” she said. “It’s about people. It’s about inclusivity. It’s about decent work for ordinary people,” she said.

She said she shared the Biden administration’s concerns about the need to reform the WTO’s Appellate Body, but said that would not be a quick or easy process.

“This is the jewel in the crown of the WTO, and we really need to restore it,” she said. The dispute settlement body has been paralyzed since last year after the administration of former US President Donald J. Trump refused to approve the appointment of more judges.

Ms. Okonjo-Iweala said there were clearly differences among members, but progress was possible, especially given the shift in tone and approach of the Biden administration.

“I’m not daunted. I see a way forward,” she said. “With the US administration being willing to engage… I think the way of working to try and get a solution will be different.” — Reuters

Election protest of late dictator’s son rejected

THE SUPREME Court has rejected for lack of merit the election protest of defeated vice presidential candidate Ferdinand “Bongbong” R. Marcos, Jr., according to its spokesman.

The 15-member court, sitting as the Presidential Electoral Tribunal, dismissed the lawsuit unanimously, court spokesman Brian Keith F. Hosaka told an online news briefing on Tuesday.

“Out of the 15 members of the tribunal who were present in today’s meeting, seven members fully concurred in the dismissal, while eight concurred in the result,” he said in an e-mailed statement.

The court also dismissed the counter-protest of Vice-President Maria Leonor G. Robredo, he said in a separate e-mail later.

Mr. Hosaka said his office would upload a copy of the court’s order detailing the reasons for the dismissal as soon as it became available.

Mr. Marcos, son of the late dictator Ferdinand E. Marcos, filed the protest in June 2016 after narrowly losing to Vice-President Maria Leonor G. Robredo, alleging widespread fraud.

In the Philippines, the President and vice president are elected separately and can come from different political parties. Both are barred by law from seeking reelection.

Their six-year terms will end in 2022.

A resolution released in October 2019 showed that Ms. Robredo’s lead against Mr. Marcos in the pilot provinces of Camariñes Sur, Iloilo, and Negros Oriental — where he alleged cheating took place — rose by about 15,000 votes after the initial recount.

Marcos spokesman Victor Rodriguez said the tribunal had only voted to dismiss their second cause of action, which was for a manual recount and judicial revision.

“As to the issue on how to proceed with our third cause of action which is the annulment of votes in Mindanao, the tribunal has yet to decide on the matter,” he said in an e-mail.

‘RULE OF LAW’
Presidential legal adviser Salvador S. Panelo said the rule of law has prevailed. “Due process was evidently observed with both parties having been given the opportunity to present their respective cases.”

“The electorate’s decision is to be accorded the stamp of correctness,” he said in an e-mailed statement. “We have to abide by the precepts of democracy. We can not be blinded by our personal biases for a particular candidate. That is how democracy works,” he added.

“We welcome the ruling although how we wish this had been resolved much sooner,” Senator Francis N. Pangilinan, who heads the opposition Liberal Party, said in an e-mailed statement.

“It affirms what we have been saying from day one, which is that the allegations of cheating in the process were baseless,” he added.

“I, together with the more than 14 million Filipinos who voted for Vice-President Leni Robredo in 2016, are pleased with the favorable decision of the PET,” opposition Senator Franklin M. Drilon said in a statement.

“The PET decision should put the issue to rest,” he said. “I enjoin all parties involved to respect the decision. Let us begin the healing process now and focus on what is before us — the COVID-19 pandemic.”

Ibarra Gutierrez, Ms. Robredo’s spokesman, said her office would issue a statement soon.

The Makati Business Club (MBC) applauded the tribunal for settling the 2016 vice presidential election dispute “and doing so with rare unanimity.”

“The decision removes a major source of unnecessary and damaging political uncertainty, confirms our electoral process and strengthens the unity we need to win the war against COVID-19 and accelerate the jobs and economic recovery needed by our people,” it said in a statement posted on its website.

The Supreme Court earlier threatened to hold Solicitor General Jose C. Calida in contempt for seeking to oust a magistrate he had accused of bias in the election protest.

The court ordered him to explain why he should not be cited in contempt for seeking the inhibition of Associate Justice Mario Victor F. Leonen.

It rejected separate inhibition pleas by the top government lawyer and Mr. Marcos, who had both cited news articles alleging bias on the part of the magistrate.

Mr. Marcos had accused Mr. Leonen, who presides over the case, of being biased against his family. He also accused the justice at an online briefing of trying to delay the case.

Mr. Calida, in a separate motion, said Mr. Leonen had failed to act on the electoral protest for 11 months.

The tribunal had warned both parties not to discuss the case to the media and observe the so-called sub judice rule, which bars anyone from issuing comments that could interfere with the court’s handling of the suit. — Bianca Angelica D. Añago and Kyle Aristophere T. Atienza