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Dina Abad’s lasting legacy

This piece is a slightly shortened version of the remarks of Dina Abad’s husband, Butch Abad on the occasion of the Ateneo School of Government’s launching of the Dina Abad Emerging Leaders Fellowship on Jan. 18, 2020.

We gather with a purpose that is close to our hearts: the launching of the Dina Abad Emerging Leaders Fellowship program, and our celebration of her enduring legacy. What a fitting present for her birthday, which is eight days from today.

I am deeply grateful to the Ateneo School of Government (ASoG) — not only for their generosity in naming the fellowship program after Dina, but also for appointing Dina as the school’s very first dean. For those familiar with the ASoG’s provenance, Dina was in fact one of its founders. The idea to establish the school first came to her during her Mason Fellowship at the John F. Kennedy School of Government at Harvard University in 1995.

Since its inception, the ASoG became her academic home. Here, she embraced the strength of her identity as a public servant and academician. This identity — principled, ambitious, and feisty — and we can all agree that she was feisty! — would later govern her engagement in elective politics.

And so today is a homecoming for Dina, because you were very much her second family — despite of, or even because some of you, became frenemies at some point. It takes a lot of trust between people to disagree respectfully and without fear. Because of all this, you were her treasured kin in political reform and public service.

Dina was an academic by profession. She loved teaching. She enjoyed mentoring students and upstarts in development work. While she was a serious student of history and politics, the idea of entering the arena of elective politics was something she did not relish. It was not out of her distaste for the wheeling-and-dealing that characterize our politics. She was pragmatic enough to understand the need for that and could accept it — up to a point. It was also not because of the notoriety of abuse of power and corruption that generally taint our politicians. She was confident that she could deal with those very negative — and sometimes unfair — impressions about politics and politicians in this country.

What she was concerned about was her stubborn embrace of her beliefs and values that might not lend her to the necessary and unavoidable compromises that wielding power in the service of the common good requires. She was afraid that her bullheadedness might alienate our leaders in Batanes and her colleagues in Congress and prevent her from getting constituency and policy work done. But, at the same time, she was a firm believer in the principle of logos et praxis: engaging the political arena was an opportunity to marry theory with practice and test in the real world the ideas she taught vigorously in class, the values she sought to impart among her students. On top of this, it would be an opportunity to put into practice a principle that she had often repeated in class: that not all politics is bad; that politics can be a force for good.

So when the challenge was put before her to run for Congress in 2004, she was at best ambivalent: excited, at the prospect of entering a new realm of engagement; but apprehensive, that she may not have what Dr. Alran Bengzon calls the “intestinal fortitude” to survive it. Apart from being a reluctant neophyte, she was a Kapampangan, not an Ivatan, and she hardly spoke the language. But with her community organizing and people skills and experience and the unrelenting hard work, Dina was unmatched in the campaign trail. She won her first electoral battle comfortably.

No sooner had she warmed her seat in the House when the “Hello, Garci!” scandal exploded in the political scene, when I and other Cabinet members resigned to protest electoral fraud and its subsequent cover-up. The crisis triggered impeachment proceedings in the House of Representatives and Dina, even the neophyte that she was, found herself one of its prime movers.

It was to be Dina’s first test as a politician. Then President Gloria Macapagal-Arroyo was hardly a stranger to Dina. They were both from Lubao, Pampanga, and their families, including ours, were close to each other. Macapagal-Arroyo was in fact Dina’s professor in Maryknoll.

In similar circumstances, many people would understandably submit to these personal affinities. Kilala ko siya, kaibigan ko sila. May naitulong ’yan sa amin. (I know her, she is a friend. She has helped us.) Most of us would have kept our distance, or taken a neutral position, a safe and understandable option in our political culture. An even more politically pragmatic move was to have sided with the President, as many of Dina’s colleagues did despite damning proof of cheating and fraud.

And yet, despite her personal ties to Arroyo, Dina dared to be at the forefront of the impeachment process. In the minds of her veteran and more pragmatic colleagues in the House, it might have been an ill-advised position for a first-time legislator representing a vulnerable province to take. They might have thought her to be naïve or, worse, a fool for endangering her budding political career. But unlike most of them, Dina rejected the political reflex of self-preservation at the expense of her standing by what is right. While she was mindful of the political risks, speaking truth to power, to exact accountability was, for her, the right thing to do.

When the impeachment bid failed, the consequences of Dina’s principled stand began to bear on her. The Congressional allocation for her development priorities in Batanes was discontinued, including critical regular infrastructure projects. In the last two years of her three-year term, the province suffered a long dry spell in terms of national government subsidies for development, a severe punishment for a small and poor province. With little to show in her first term as Representative, Dina’s leaders were expectedly concerned about how this would impact on her chances of getting re-elected. Her opponents and detractors were certain to pounce on her for prioritizing her national advocacies over her constituency concerns.

Regardless, it was expected that Dina would run for a second term. But Dina was clear-eyed about what Batanes needed: national government support that would deliver basic social services and infrastructure development to spur growth and development in the province. As the province had experienced in 2005 and 2006, Dina was certain that that kind of support was once again going to be denied the province by the Arroyo administration should she get re-elected. After much deliberation and consultations with family and political leaders, Dina made the difficult, if not the politically inconceivable, decision not to run for re-election in 2007. She felt strongly that no matter how deeply and strongly she embraced her principles, the interest of the province and her constituents was paramount. It was too much of a price the Ivatans had to pay. Conversely, giving up a chance at staying in power in favor of being at peace with her conscience was, while a difficult choice, a no-brainer for Dina.

Out of office for the next three years, Dina was warmly welcomed back in ASoG, while keeping her development initiatives in Batanes.

As the Arroyo administration was winding down, Dina thought that 2010 was a good time to return to Congress. But unlike in 2004, it was going to be an uphill climb: she was up against a moneyed incumbent who did not play by the rules, amply supported by an administration that was determined to frustrate her. But grit, unrelenting hard work and her ability to attract young leaders, mostly women, into her campaign, enabled her to prevail — even if by just 35 votes. A win is a win, she would remind critics.

With the election of President Noynoy Aquino, a close friend and partymate, the next three years — 2010-2013 — was to be the complete opposite of her first three years as Representative: investments in social services, infrastructure, heritage and environmental conservation, and eco-tourism development were unprecedented. The developments during that period are generally credited for laying the foundation for the emergence of Batanes as among the top tourism destinations in the country today.

It was also during this period that Dina felt most fulfilled as a national policymaker. Apart from being able to more than fulfill his obligations to her constituents in terms of local legislation and constituency services, her advocacies for transparency and accountability in governance, meaningful devolution, engagement with the citizenry and key policy reforms such as sin tax reform and reproductive health legislation, found robust appreciation and support from the President and his Cabinet, his partymates and in Congress.

As her auspicious second term was coming to an end, the general expectation in Batanes was that her re-election was a foregone conclusion. With support from a sitting President in a midterm election, it was seen to be a “walk in the park” for her.

It should have been — except for a crisis in our local party chapter and how she insisted it should be handled. The mayorship of the capital town, Basco, had opened up, and a number of party mates had expressed interest. Instead of dictating her choice, which would have simplified the process and which would have been generally accepted, Dina set in motion an inclusive process so that consensus could be achieved. That process came to pass and a common candidate was selected.

Everything should have been smooth sailing afterwards. However, the incumbent governor — a politically powerful, long-time ally — repeatedly refused to accept the result of the process and insisted on his stepson, who incidentally was also our nephew and a popular local figure. When the governor refused to stand down and no compromise seemed possible despite all efforts being expended, Dina did the unimaginable: She gave the governor an ultimatum before eventually asking the governor to disassociate himself from the party. It was to be another wrenching process. But to Dina, the choice was clear: fostering respect for party processes and party discipline or risking insubordination in the ranks and weakening the organization. While I cautioned Dina about taking such a drastic step and its consequences, especially for her re-election prospects, I saw the wisdom in her decision; it was her brand of leadership.

True enough. What was expected to be an easy win, again turned into a tough, problematic contest. But Dina once again prevailed — but only by a precarious margin of 350 votes.

For Dina, the risk was worth taking as she managed to prove once again a point: It is possible to do good politics and still prevail in the end.

After her victory in the 2013 elections, Dina was more convinced that it was possible to immerse oneself in the rough-and-tumble world of Philippine politics without having to abandon one’s conviction and reform aspirations. For sure, it was fraught with risks and uncertainties. But for Dina, it was a small price to pay to be consistent with her principles and be at peace with herself.

Her disposition did gain for her notoriety as the Liberal Party’s informal whip in the House, keeping party mates in check and shepherding them when they stepped out of line. President Noynoy loved to tease that her name should not be Henedina, but should have been “HinDina Abad” — because she did not indulge tomfoolery among her partymates in the House. She was very vocal and upfront when she disagreed with her party mates — even with the President himself.

In the length of time she was legislator, Dina found herself in the midst of many political skirmishes and wheeling-and-dealing. But she chose to keep a healthy sense of detachment from all of that. She kept one foot in the halls of Congress, and another firmly planted in her reform advocacies and academic pursuits.

Altogether, Dina’s courage and principled decision-making became her compass towards political reform and true service to her constituents. Thus, she did not consider it unthinkable to stand up for what was right, even if that meant taking serious risks or relinquishing office.

She ended her engagement in elective politics satisfied that, despite all the temptations that attended wielding political power — and despite the difficult and delicate tension inherent to weaving in and out of politics — she kept her moral and spiritual core intact. As she managed this private struggle, some peers and colleagues must have thought she was being stubborn or difficult. In truth, she was simply manifesting her lifelong effort to preserve her wholeness in the face of difficulties and challenges she had to confront as an advocate of genuine reforms.

Most people believe that no one can be both an accomplished politician and a genuine reformist. Dina’s character and career disproved this with admirable aplomb. Even then, it was not easy work. For ultimately, it took a toll on her physical wellbeing. She managed to endure her condition, and she kept it to herself until it began to weaken and debilitate her.

In paving the singular path of her political career, she drew guiding light from the ideas and values that was inculcated to her during her student volunteer work days in Maryknoll among fisherfolks in Baras, Rizal and nurtured and instilled into her as a trade unionist, an agrarian reform advocate, an anti-martial law activist, a progressive legislator, and upheld and given voice by the Ateneo School of Government.

Dina understood the limitless potency of ideas to spur political and social reform. And this is why the ASoG was so dear to her. In Dina’s view, the ASoG was a cradle of powerful ideas from which genuine change could emerge. She envisioned this institution as a refuge for politicians and academics — a safe harbor for those who yearn to be better leaders for the sake of nation-building.

It is our hope that through the Dina Abad Emerging Leaders Fellowship, we can create fertile ground for the genesis of ideas and action, carve out new space for innovating political reform, and provide a rich opportunity for future leaders in Philippine governance and civic action. Such a purpose cleaves so well to Dina’s lasting legacy: courageous, progressive, compassionate and inclusive leadership that makes nation-building possible.

Nation at a Glance — (01/19/20)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.

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Barangay Ginebra back as king of the PBA Governors’ Cup

By Michael Angelo S. Murillo, Senior Reporter

THE Barangay Ginebra San Miguel Kings are once again Philippine Basketball Association Governors’ Cup champions after closing out their best-of-seven finals series with the Meralco Bolts with a 105-93 victory in Game Five on Friday at the Mall of Asia Arena in Pasay City.

Having more to give especially in the second half, the Kings outlasted the Bolts to take the series, 4-1, and win the season-ending PBA tournament for the third time in the last four years.

It was also the 12th title for Barangay Ginebra in the PBA just as it continued its domination of Meralco in the league finals, having beaten the latter in each of the three championship series they have met.

Game Five played a game of runs in the opening quarter.

Barangay Ginebra got early traction, building a 14-8 advantage at the 6:48 mark of the first quarter with import Justin Brownlee and guard Stanley Pringle leading the way.

The Bolts though would regroup, with reinforcement Allen Durham and Baser Amer on the lead, going on an 8-0 run in the next two minutes to go ahead, 16-14.

They would pick up on the momentum shift after to race to a 26-19 lead at the conclusion of the opening frame.

The teams continued to jostle to begin the second frame but Meralco continued to hold sway, 34-24, at the 8:03 mark.

Barangay Ginebra kept pressing it on Meralco as the quarter progressed, only to find a Bolts crew able to hold on and stay ahead, 46-40, at the break.

The Kings opened the third canto strong, outscoring the Bolts, 12-7, to come to within a point, 53-52, in the first four minutes.

Meralco was able to regain its footing, racking up six straight points after to create further separation, 59-52, at the 6:14 mark of the quarter.

The Kings stayed the comeback course, eventually taking the lead, 61-60, with 3:40 to go after an LA Tenorio triple.

Barangay Ginebra stayed ahead, 70-64, heading into the fourth quarter.

With their season on the line, the Bolts began the fourth aggressively.

Allein Maliksi and Mr. Amer helped their team pull even at 77-all with 8:46 remaining, forcing the Kings to sue for time.

It was a timeout Barangay Ginebra put into good use as off it they scored seven straight points to make it an 84-77 count after a minute and a half of play.

Five quick points from Mr. Durham and Chris Newsome pushed the Bolts to within two, 84-82, by the halfway point of the quarter.

But it proved to be the last hurrah for Meralco as from there the Kings started to pull away.

Japeth Aguilar, Scottie Thompson and Mr. Brownlee propelled their team to a ferocious 19-6 run to take a 103-88 lead with 1:30 left in the match.

By then it was all over except the shouting.

Mr. Aguilar led the Kings with 25 points, eight rebounds and four blocks. He was later named finals most valuable player.

Mr. Brownlee finished with 24 points, 10 assists and seven rebounds while Mr. Pringle had 17 points and eight assists.

Mr. Thompson had 14 points, nine rebounds and six assists, with Mr. Tenorio adding 12 points for Barangay Ginebra.

For Meralco it was Mr. Durham who top-scored with 29 points, to go along with 21 rebounds and eight assists.

Mr. Amer had had 17 points while Mr. Newsome had 13 for the Bolts, who played without big man Raymond Almazan because of knee injury.

“The push late in the second quarter played a huge difference for us. Meralco did a good job in making adjustments for this game. But credit to the players for stepping up in the second half, allowing us to win,” said Barangay Ginebra coach Tim Cone, who with the win notched his 22nd league title.

BSP has space to ease monetary policy — Diokno

Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno

By Luz Wendy T. Noble

THE Bangko Sentral ng Pilipinas (BSP) has enough “monetary space” amid easing by central banks around the world, BSP Governor Benjamin E. Diokno said on Friday.

“I just came from Basel and the consensus is that interest rates globally will be low for a long time,” he told reporters. “In reality, we still have a lot of monetary space.”

Inflation is likely to remain stable despite the the risk of an uptick from the eruption of Taal Volcano in Batangas province, Mr Diokno said.

“The BSP expects inflation to stay on course in 2020,” the governor said. The central bank expects inflation to average “near the midpoint of the target band at 2.9%” for this year and in 2021, he said.

The government has set an inflation target of 2-4% for 2020 until 2022.

The Philippine central bank cut its benchmark interest rate by 75 basis points (bps) last year to help support the economy after raising it by a total of 175 bps in 2018.

The government is forecasting economic growth of 6.5% to 7.5% this year after the economy was estimated to have grown by 6% to 6.5% last year.

Mr. Diokno said the central bank is on track, based on its “forward guidance,” to cut the reserve requirement ratio (RRR) for banks to a single digit, in line with the regional level.

“Then we have a lot of possibilities, we have a lot of monetary space to reflect some change,” he said.

After 400 bps of cuts last year, the reserve ratio for universal and commercial banks now stand at 14%, while those for thrift and rural banks are at 5% and 3%, respectively.

Mr. Diokno said the central bank would assess the effect of Taal Volcano’s eruption on both inflation and economic growth.

Finance Secretary Carlos G. Dominguez III this week said that the National Capital Region and Calabargon — made up of the provinces of Cavite, Laguna, Batangas, Rizal and Quezon — contributed 36% and 17%, respectively to the country’s gross domestic product (GDP) in 2018.

‘GRADUAL UPTICK’
Mr. Dominguez has also said the eruption’s effect on inflation would be minimal and manageable.

The combined effects of typhoons in December and the Taal eruption could cause inflation to spike to 3% at the start of the year, Philippine National Bank (PNB) economist Jun Trinidad said in a note on Friday.

Aside from the Taal Volcano eruption, inflation risks include increased volatility in oil prices after escalating tensions in the Middle East paired with the continued impact of the African Swine Fever outbreak, Mr. Diokno said.

There could be a “gradual uptick” in Inflation in the early part of the year because the base effects from 2018 have been diminishing, said Dennis D. Lapid, director of the BSP’s Department of Economic Research.

But slower economic growth paired with unclear trade policies in major economies could “weigh down on global economic activity and thus mitigate upward pressures on commodity prices,” he said.

Inflation in December was at 2.5% after an uptick in consumer demand during the holiday season and typhoons, among other things.

This was well within the central bank’s 2-4% target. Average inflation last year slowed to 2.5% from 5.2% in 2018.

Also on Friday, Mr. Diokno said the country is poised to achieve a “credit rating A” within two years after the government put in place structural reforms.

“Our target is to get it within two years,” he said. “And to me, the key there is structural reform,” he added, referring to tax changes and amendments to the central bank charter, among other things.

In May, S&P Global Ratings raised the country’s long-term sovereign credit rating to BBB+ from BBB, bringing it one notch away from an A-level rating.

Damage from Taal hits P3 billion; fisheries most affected

DAMAGE from the eruption of Taal Volcano has reached P3 billion, with the fishery sector suffering the most devastation, the Agriculture department said on Friday.

Thousands of people have left their homes after the volcano spewed a column of ash 14 kilometers into the air on Sunday. The ashfall reached as far as cities near the capital, forcing financial markets to suspend trading and the Manila airport to close.

Taal Volcano, one of the world’s smallest and active volcanoes, continues to spew ash and an explosive eruption could happen in days, according to the nation’s volcanology agency.

The second-highest alert status remains hoisted there and a 14-kilometer danger zone from the volcano remained off limits to people.

The Agriculture department said in a bulletin on Thursday evening damage has reached P3.06 billion, affecting 15,790 hectares of land and 1,923 animals.

Coffee, cacao, pineapple, vegetables, rice and coconut were among the damaged crops. Fisheries has suffered P1.6 billion in damages, particularly for tilapia and milkfish, it said.

Taal Lake, the country’s third-biggest lake that fills the Taal Caldera — a large volcanic caldera formed by very large eruptions — contains tilapia, milkfish and the endemic freshwater sardine tawilis, among other fish.

The Calabarzon region — made up of the provinces of Cavite, Laguna, Batangas, Rizal and Quezon — accounted for 41% of the country’s inland fishery production in 2018 at 164,200 metric tons (MT), according to Philippine Statistics Authority data.

Marine fisheries accounted for 3.93% or 1.89 million MT, while agriculture had a 6.58% share or 2.304 million MT.

Marine fisheries accounted for 3.93% or 1.89 MT, while agriculture had a 6.58% share or 2.304 million MT.

Fish from the lake are not safe to eat because of their high sulfur content, Agriculture officials said earlier.

The Bureau of Animal Industry delivered 20 bags of animal feeds and medicine for rescued livestock, while the Philippine Carabao Center and National Dairy Authority gave 2.5 tons of roughages that will be delivered to Batanagas province on Saturday.

The Agriculture department’s regional field office in Cagayan Valley and Nueva Vizcaya Agricultural Terminal will donate 10 tons of assorted vegetables that will arrive in Lipa City on Saturday.

Meanwhile, the League of Associations, which consists of 11 associations of vegetable farmers and traders in La Trinidad, Benguet, will be giving three to four tons of assorted vegetables. — Vincent Mariel P. Galang

Jollibee raises $600M from offshore debut

JOLLIBEE Foods Corp. (JFC) raised $600 million from a landmark sale of perpetual securities in its offshore capital market debut, restocking its chest after buying the company behind US specialty chain Coffee Bean & Tea Leaf (CBTL).

It was the first time for the Philippine fast-food giant to issue perpetual bonds and the first time to tap offshore capital markets since it was listed in 1993. “This issuance is one of the first by an Asian restaurant company,” it said in a stock exchange filing on Friday.

The transaction was oversubscribed by almost 10 times the original issue amount of $400 million, allowing the company to increase the transaction to $600 million and tighten final pricing by 35 basis points to 3.9%, Jollibee said.

It added that the issuance marks the lowest pricing for a five-year perpetual bond issued by a Philippine company, “reflecting the strong demand for a JFC bond and the reputable credit standing of the company.”

The company said it would use the proceeds of the bond sale for general corporate purposes and to repay short-term debt after it bought International Coffee and Tea, LLC, the company behind The Coffee Bean & Tea Leaf.

The securities will be accounted for as equity.

The Regulation S dollar-denominated issuance will have an initial distribution rate of 3.9%, non-callable for five years, and payable semi-annually. “Reg S” securities are available only for offers and sales outside the US.

Jollibee unit Jollibee Worldwide Pte. Ltd. will issue the securities, which are unrated and will be listed on the Singapore Exchange Securities Trading Ltd.

“The objective of management for this issuance is to further strengthen the balance sheet of JFC to build a stronger foundation for accelerating its growth in order to achieve its vision to become one of the top five restaurant companies in the world,” the company said.

Jollibee shares closed 6.27% or P12.60 higher at P213.60 each on Friday. — Victor V. Saulon

Duterte bans worker deployment to Kuwait

PRESIDENT Rodrigo R. Duterte has approved a total deployment ban of overseas Filipino workers to Kuwait after a Filipina housemaid there died allegedly in the hands of her employer.

The “total deployment ban” will cover both skilled and household workers, as recommended by Labor Secretary Silvestre H. Bello III, the presidential palace said on Friday.

It will stay until a memorandum of agreement on labor standards between the the Philippines and Kuwait is fully implemented, presidential spokesman Salvador S. Panelo said in a statement.

The Philippine Overseas Employment Administration (POEA) earlier endorsed the total ban after the National Bureau of Investigation’s autopsy report showed Filipino housemaid Jeanelyn Villavende had been physically and sexually abused.

Mr. Panelo accused the Kuwaiti government of “attempting to hide the said circumstance when it gave us a general autopsy report that the cause of death was trauma and bruises all over her body.”

He said the total ban would remain in effect until Kuwait stops confiscating the passports and mobile phones of Filipino workers there.

The Philippines imposed a total deployment ban for Kuwait in 2018 that lasted four months over the murder of domestic helper Joanna Demafelis.

In May 2019, it sought a review of its memorandum of understanding with the Kuwaiti government after the killing of another Filipina, Constancia Dayag.

Meanwhile, more than 100 sick Filipinos benefited from the medical assistance provided by the Philippine Embassy in Kuwait last year, the Foreign Affairs department said on Friday.

The embassy helped 108 Filipinos with medical conditions, such as stroke, cancer, high blood pressure and diabetes, the agency said in a statement.

The embassy also facilitated the medical repatriation of 27 Filipinos, it said.

“The embassy’s Medical Response Team is here to provide any assistance needed by Filipinos in Kuwait, such as medical referrals to hospitals and clinics and regular hospital visits,” Chargé d’Affaires Noordin Pendosina N. Lomondot said in the statement. — Charmaine A. Tadalan

Duterte names new police chief

PRESIDENT Rodrigo R. Duterte on Friday said he would appoint officer-in-charge Lieutenant General Archie Gamboa as his next police chief, ABS-CBN News reported.

Mr. Duterte would formally put Mr. Gamboa in charge of the police after they meet with Interior Secretary Eduardo M. Año, according to the news website, citing his speech in Davao City.

The President had asked Mr. Año to supervise the institution until he names its new chief.

“We will have a long, long talk first,” he said.

Mr. Gamboa was named officer-in-charge after former chief Oscar D. Albayalde went on leave in October, weeks before his retirement.

A Senate investigation found that Mr.. Albayalde had tried to protect rogue cops accused of recycling illegal drugs seized in legitimate police raids in 2013 when he was still Pampanga police chief.

Government prosecutors this week endorsed his indictment for corruption at the Office of the Ombudsman. Mr. Albayalde has denied any wrongdoing. — NPA

Care of kids affected by Taal eruption sought

ABOUT 21,000 children living within Taal Volcano’s 14-kilometer danger zone were affected by its eruption, according to the United Nations Office for the Coordination of Humanitarian Affairs.

More than eight million children from almost 8,000 schools were also affected after classes were suspended due to ashfall that enveloped cities around Metro Manila, the UN body said, citing an Education department report.

The government has ordered public schools in the Calabarzon region — made up of the provinces of Cavite, Laguna, Batangas, Rizal and Quezon — to accommodate displaced students.

About 180 schools were being used as evacuation centers.

“Children are not just little adults,” Alberto T. Muyot, chief executive officer at Save the Children Philippines which the UN cited, said on its website. “They require specific support to meet their emotional and psychological needs. Infants, toddlers, and children require special care and supplies during and after natural disasters,” according to the civic group

Unless this support is provided quickly, children are likely to suffer long-term developmental, physical and psychological setbacks, Mr. Muyot said.

“Authorities need to coordinate with parents and caregivers to prepare for children’s unique needs at times of disaster,” he added.

Meanwhile, a senator said both Houses of Congress had factored in unused funds from last year, resulting in a lower budget for calamities this year, a senator said on Friday.

Senator Juan Edgardo M. Angara, who heads the finance committee, cited unused funds from agencies worth P700 billion after the 2019 national budget was passed late. Another P7 billion in calamity funds from last year was not used, he told reporters in a group message.

This year’s national budget provided P16 billion to the National Disaster Risk Reduction and Management fund, which is P4 billion lower than last year.

Some lawyers earlier cited the need to pass a supplemental budget amid Taal Volcano’s continued eruption.

“Billions lodged in various agencies were not used so that was a consideration in setting 2020 levels,” Mr. Angara said. “Incidentally, much of those funds are still available and if declared by the executive as savings, can be spent to help the victims of the eruption and other calamities,.” — Genshen L. Espedido and Charmaine A. Tadalan

Solicitor general told to let Congress handle ABS-CBN issue

A CONGRESSMAN on Friday urged the Office of the Solicitor General not to question the franchise of ABS-CBN Broadcasting Corp. at the Supreme Court, saying this could be seen as “government harassment.”

“It would be seen as the government’s harassment of ABS-CBN and certainly a clear assault on press freedom as enshrined in our Constitution,” Cagayan de Oro Rep. Rufus B. Rodriguez said in a statement.

The congressman said the franchise issue involving the network is best handled by Congress.

“This will likewise encroach on the powers of the legislative branch and will violate the separation of powers among the legislative, executive, and judicial branches of the government,” he added. — Gensen L. Espedido

Coronavirus strain found in Japan

JAPAN has detected a new strain of coronavirus that originated in Wuhan, China, days after Thailand confirmed its first case of infection, according to the World Health Organization (WHO).

The virus, in the same family as the deadly severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS), has killed one patient and sickened dozens in China.

In a statement, WHO said the source of the new virus was still unknown.

“Not enough is known about 2019-nCoV to draw definitive conclusions about how it is transmitted, clinical features of the disease, or the extent to which it has spread,” it added. — Vann Marlo M. Villegas

BSP’s Diokno dismisses banking-sector risk from POGOs

BANGKO Sentral ng Pilipinas Governor Benjamin E. Diokno

BANGKO Sentral ng Pilipinas Governor Benjamin E. Diokno dismissed the risks to the banking system posed by online gaming firms, adding to his long-standing position that the Philippines can easily do without the industry.

Mr. Diokno, speaking at the first GBED (Gvernor Benjamin E. Diokno) Talks at the central bank Friday, said, “Of course there is a risk… that’s not going to upset the economy,” he told reporters.

Fitch Ratings said in a report that the property price hikes fueled by the online gaming sector, known as Philipine Offshore Gaming Operators (POGOs) may pose a risk to the banking industry because their demand for office space and residences for their workers are pushing property prices higher.

Fitch noted that speculative activity associated with the industry “could affect market stability if unchecked”.

Mr. Diokno said that the central bank is monitoring developments related to the sector and has so far not seen any major risk concerns from POGOs.

“We have a group here which is responsible for looking at the financial stability. At the moment they don’t see it as a major risk,” he said.

He also added that major risks to the banking industry are unlikely, as big banks “are conservative” and have provisioned appropriately for risks associated with the sector.

In October. Mr. Diokno told Reuters that he would prefer that POGOs exited the Philippine market, citing their minimal contribution to the tax base and the money-laundering risk that comes with the industry.

According to Lyn I. Javier, the BSP’s Managing Director for Policy and Specialized Supervision, the central bank has imposed guidelines for banks for assessing such risks.

“We set out credit risk management guidelines as early as 2014. So what’s important is that lending to these real estate companies (hosting) POGOs, are anchored on some credit underwriting,” she told reporters.

“We (also) use stress tests (on the) exposure of banks to the real estate industry and assess whether their capital can actually absorb potential losses to these exposures. We’re satisfied with the results of these stress tests,” she added.

In December, a report from real estate services firm Leechiu Property Consultants (LPC) said that POGOs have dethroned the information technology-business process management (IT-BPM) sector to become the single biggest users of office space.

In 2019, POGOs accounted for 44% or about 738,000 square meters (sq m) of Metro Manila office space, up sharply from 443,00 sq m in 2018.

In turn, the influx of Chinese nationals working in the sector translated to robust demand for residential space, particularly condominiums in key areas where POGOs operate — Makati City, Alabang, Quezon City and the so-called Bay Area. — Luz Wendy T. Noble