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Gerasimov and China’s ‘Three Warfares’

FRANK SINATRA in The Manchurian Candidate (1962)

The Manchurian Candidate was a 1959 novel by Richard Condon (later made into a classic movie with Frank Sinatra) that involved a communist conspiracy to install an unwitting puppet of theirs in the White House as an elected president. The premise, obviously, is decades old and yet one wonders if real life has finally overtaken fiction.

Something that has been going around national security circles for some time now is the so-called “Gerasimov Doctrine,” ostensibly a military doctrine which calls for “a 4:1 ratio of non-military to military action.” The doctrine emphasizes “the importance of controlling the information space and the real-time coordination of all aspects of a campaign, in addition to the use of targeted strikes deep in enemy territory and the destruction of critical civilian as well as military infrastructure” (see Wikipedia).

Now seen as a reimagining of “unconventional warfare” or “nonlinear” warfare (as per Russian military terminology), the point is “to achieve the desired strategic and geopolitical results, using a wide toolbox of non-military methods and means: explicit and covert diplomacy, economic pressure, winning the sympathy of the local population, etc.”

In short, to win a war without bloodshed, without the necessity of launching military forces in direct combat with the armed might of another country. If one can actually take over another country, using that country’s media, erroneous beliefs about free expression, weakened national character, immature voter base, so that one can actually install various public officials in key government offices or even a Head of State completely beholden to you, then such is a victory achieved at far less cost and with greater resource efficiency.

There is doubt, of course, about the Gerasimov Doctrine, named after “Russia’s Chief of the General Staff, General Valery Gerasimov… and is a supposed plan for combined psychological, political, subversive, and military operations to destabilize the West. Or perhaps just covert operations and disinformation, without the shooting. Or maybe the aim is to destroy the whole architecture of the global order. The very confusion about what exactly this ‘doctrine’ entails betrays the basic point: it doesn’t exist.”

So writes British historian and security expert Mark Galeotti. In essence, the “doctrine” was based on “cunning Western — American — campaigns of covert destabilization.” In other words, when Gerasimov talked of a “blurring of the lines between the states of war and peace” in which “the role of non-military means of achieving political and strategic goals has grown, and, in many cases, exceeded the power of force of weapons in their effectiveness,” he was merely recognizing a new Western way of war (“The Gerasimov Doctrine,” Berlin Policy Journal, May/June 2020).

Nevertheless, there are “two Chinese military theorists, Qiao Liang and Wang Xiangsui, whose Unrestricted Warfare, published in 1999, who first asked the very same questions and presaged Gerasimov by more than 10 years.” For them, the “world had entered into a new era of ‘unrestricted warfare,’ one in which the network hacker, financial and trade transactions (or lack thereof), and the media have all become weapons of modern war.”

Thus, the “future battlefield” is an “extended domain,” not a “battlefield where lethality took precedence, but one in which the goal of any nation-state (or sub-state actors) is to ‘paralyze and to undermine the enemy’ by degrading the will of its people and the state to wage an armed conflict in the first place. The ‘extended domain’ is what we today refer to as cyberspace, but which they referred to as the electromagnetic spectrum. The modern warriors are the banks, and anybody whom the state can enlist or coerce to use to advance the state’s self-interest (think of all Chinese companies, whatever their public declarations of independence.) Not to be overlooked is the media or as they write ‘The information-sharing world creates the media as an integral and immediate part of war’” (“The Chinese Roots of Hybrid Warfare,” Mark Thomas, Center for European Policy Analysis, August 2022).

Notably, around 2003, China’s People’s Liberation Army (PLA) adopted a strategic framework known as the “Three Warfares”: psychological, media, and legal. In its 2011 annual report to Congress on military and security developments in the People’s Republic of China (PRC), the Department of Defense defined each area:

• Psychological Warfare seeks to undermine an enemy’s ability to conduct combat operations aimed at deterring, shocking, and demoralizing enemy military personnel and supporting civilian populations.

• Media Warfare is aimed at influencing domestic and international public opinion to build support for China’s military actions and dissuade an adversary from pursuing actions contrary to China’s interests.

• Legal Warfare uses international and domestic law to claim the high ground or assert Chinese interests. It can be employed to hamstring an adversary’s operational freedom and shape the operational space. Legal warfare is also intended to build international support and manage possible political repercussions of China’s military actions. China has attempted to employ legal warfare in the maritime domain and in international airspace in pursuit of a security buffer zone. (“China’s Three Information Warfares,” US Naval Institute, Major Morgan Martin, US Army, March 2021).

What’s also further interesting here is that the “Three Warfares” doctrine arises partly out of an insecurity: “The PLA spends a lot of energy examining its capabilities against its objectives and competitors, and they have been found wanting,” concluding that “there are big gaps between the level of our military modernization compared to the requirements for national security. [Thus], if the PLA cannot be relied upon to fend off military threats, then those threats must be preempted in the minds of foreign policymakers who might choose to compete, contain, or attack China.” (“China’s ‘Three Warfares’ in perspective,” Peter Mattis, https://warontherocks.com, January 2018).

The implications of such are, of course, truly disconcerting. Imagine a country in conflict with China and the latter invested humongous amounts to build troll armies to influence national discourse; co-opted local commentators by inviting them to Beijing, wining and dining them, providing substantial fees, making them eager to spread Chinese propaganda; subverted mainstream news media so that only China friendly news is reported and contrary information labeled “Sinophobic”; persuaded that country’s government to avail of large loans from China ostensibly for public works and other economic “growth” programs; urged the allowing of Chinese investments (such as online gambling) that could serve as entry points for criminal or espionage activities; all the foregoing to weaken that country’s resolve to defend its sovereignty; and, finally, helped elect as Head of State an individual stupidly enamored and devoted to China, whose idea of foreign policy is based on personal likes and dislikes, mood, and insecurities.

Then you have an instance of China having won a conflict, in fact invaded another country, without even having fired a single shot.

Thank God, of course, that such a thing never happened.

 

Jemy Gatdula is a lawyer specializing in international economic law and the law of armed conflict, as well as constitutional philosophy and jurisprudence.

https://www.facebook.com/jigatdula/

Twitter  @jemygatdula

PHL office market to recover in 2025, residential to stay sluggish — Colliers

PHILSTAR FILE PHOTO

THE PHILIPPINE office market is seen to recover next year, but the residential market in the capital region will still see tempered development launches amid the full exit of Philippine offshore gaming operators (POGOs), according to property consultancy firm Colliers Philippines.

“While we saw sustained recovery for retail, hotel, and industrial segments, we continue to see setbacks for office and residential. Unabsorbed office and residential stock still linger, and developers should be more cautious of their new launches moving forward,” Joey Roi Bondoc, associate director at Colliers, said in its 2025 Philippine Property Market Outlook Report.

“2025 is a year where we will likely see the full impacts of policy changes implemented in 2024,” Colliers said.

For next year, the office market is expected to recover in terms of net take-up, following sluggish net demand in 2024, Colliers said.

Traditional and outsourcing firms are expected to be the main drivers of office space demand.

Colliers expects a 22% vacancy rate in the office sector, with a net take-up of 150,000 square meters (sq.m.) and a supply of 571,600 sq.m.

“We see record-high vacancy with the POGO exodus, but not all CBDs (central business districts) are the same, with Makati CBD, Fort Bonifacio, and Ortigas CBD faring better,” it said.

Office space demand is likely to be sustained in Pampanga, Cebu, Davao, Bacolod, Iloilo, and Davao, it also said.

Colliers also noted that occupants, including government agencies, prefer high-quality office spaces offered at a discounted price.

It cited higher take-up for green and sustainable office spaces across the country. There are around 722,000 square meters of green-certified space from 2025 to 2027, according to Colliers data.

For 2025, Colliers expects “tempered” condominium launches in Metro Manila, noting that unsold inventory has reached 75,300 units as of the third quarter of this year.

“It will take about 5.8 years to fully sell out all these unsold condominium units, about five times longer compared to the pre-pandemic period,” it said.

The POGO exodus will significantly impact the residential leasing market, especially in the Bay Area and in Makati, according to Colliers.

Property developers are also seen shifting into suburban areas with lots-only and house-and-lot projects outside of Metro Manila.

Focus on leisure property will also continue, while the demand for golf communities within and outside Metro Manila will also rise.

In the retail sector, major developers have been redeveloping their existing retail spaces.

The property consultancy firm also expects the “aggressive entry of foreign retailers in physical malls.”

Colliers also noted the focus on “experiential retail and special products and services.”

Trends seen in the retail sector include more immersive experiences, as well as more family entertainment centers, food halls, cinemas, and pop-up stores.

Lastly, the eventual take-up of ready-for-occupancy units in Metro Manila would also help support foreign retailers expanding in the home furnishing segment.

The property firm also sees the potential for foreign brands to expand in the Philippines’ hospitality sector, following the expected rise of tourists.

“Colliers believes that now is an opportune time for foreign brands to expand their presence in the Philippines given the planned modernization of the country’s international airports and the projected rise in international arrivals.”

The government’s push to become a regional manufacturing hub also bodes well for the industrial sector. The cold chain sector is also seen enjoying sustained demand for industrial and warehouse assets, it said.

“Colliers sees semiconductors, food and beverage manufacturers, as well as sunshine industries including electric vehicles, likely propelling industrial space absorption across the country.”

Moving forward, property developers are expected to reassess their strategies, identify growth opportunities, and know how to recalibrate, Colliers said. — Beatriz Marie D. Cruz

How PSEi member stocks performed — December 12, 2024

Here’s a quick glance at how PSEi stocks fared on Thursday, December 12, 2024.


Manila climbs in Smart Centers List

Manila inched up a notch to 65th out of 77 centers in the 10th edition of the Smart Centers Index (SCI) by Long Finance Initiative. The index rates the innovation and technology offerings of commercial and financial centers. Despite an improvement in rankings, the Philippine capital remained one of the laggards in the region after getting an overall rating of 631.

Manila climbs in smart centers list

Shares inch down as market eyes Fed decision

BW FILE PHOTO

STOCKS inched lower on Thursday as investors digested the latest US consumer inflation data and their potential impact on the US Federal Reserve’s policy decision next week.

The Philippine Stock Exchange index (PSEi) slipped by 0.02% or 1.36 points to end at 6,641.35 on Thursday, while the broader all shares index dropped by 0.06% or 2.48 points to close at 3,756.07.

“Philippine shares mirrored the mixed results of the US markets as investors processed the latest CPI (consumer price index) figures. November’s CPI report matched economists’ expectations, fueling optimism for another rate cut from the Fed during its policy meeting next week,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message.

Wall Street’s benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a US inflation report boosted expectations of a Federal Reserve interest rate cut, Reuters reported.

The Dow Jones Industrial Average fell 99.27 points or 0.22% to 44,148.56; the S&P 500 gained 49.28 points or 0.82% to 6,084.19; and the Nasdaq Composite gained 347.65 points or 1.77% to 20,034.90.

The consumer price index rose 0.3% last month, the largest gain since April after advancing 0.2% for four straight months, the Labor department’s Bureau of Labor Statistics said. In the 12 months through November, the CPI climbed 2.7% after increasing 2.6% in October. The rise in the CPI was in line with economists’ expectations.

Financial markets have almost fully priced in a quarter-percentage-point rate cut at the Fed’s Dec. 17-18 policy meeting, according to CME Group’s FedWatch Tool. Before the release of the inflation data, the odds were roughly 86%.

The Fed kicked off its monetary policy easing cycle in September. Its benchmark overnight interest rate is now in the 4.5%-4.75% range.

“The PSEi was slightly lower after the dollar-peso exchange rate was slightly higher earlier during the day,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message. The local unit closed at P58.24 per dollar on Thursday, rising by four centavos from its P58.28 finish on Wednesday, Bankers Association of the Philippines data showed.

Majority of sectoral indices declined on Thursday. Property dropped by 0.98% or 24.18 points to 2,436.95; industrials went down by 0.46% or 42.50 points to 9,124.67; mining and oil retreated by 0.12% or 9.05 points or 7,534.62; and financials declined by 0.03% or 0.75 point to 2,253.29.

Meanwhile, services rose by 0.72% or 15 points to 2,085.54, and holding firms went up by 0.59% or 33.78 points to 5,683.06.

Value turnover went up to P6.18 billion on Thursday with 589.05 million shares exchanged from the P5.23 billion with 905.03 million issues traded on Wednesday.

Decliners outnumbered advancers, 96 versus 82, while 70 names were unchanged.

Net foreign selling went down to P381.81 million on Thursday from P497.83 million on Wednesday. — Ashley Erika O. Jose with Reuters

Peso inches up on Fed cut bets after US CPI

PHILIPPINE STAR/WALTER BOLLOZOS

THE PESO rebounded against the dollar on Thursday as the November US consumer price index (CPI) was within market expectations, boosting bets of another US Federal Reserve rate cut next week.

The local unit closed at P58.24 per dollar on Thursday, strengthening by four centavos from its P58.28 finish on Wednesday, Bankers Association of the Philippines data showed.

The peso opened Thursday’s session sharply weaker at P58.40 against the dollar. Its intraday best was at P58.21, while it dropped to as low as P58.42 versus the greenback during the session.

Dollars exchanged decreased to $1.34 billion on Thursday from $1.81 billion on Wednesday.

“The dollar-peso initially traded higher due to overnight dollar strength after the release of US inflation data. However, there was profit taking as the US inflation data came out within market expectations,” a trader said in a phone interview.

The peso also continued to be propped up by the seasonal remittance inflows, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

For Friday, the trader sees the peso moving between P58.10 and P58.50 per dollar, while Mr. Ricafort said the local unit could range from P58.15 to P58.35.

The US dollar traded in a narrow range on Thursday even as investors ramped up bets that the Federal Reserve will cut interest rates next week, Reuters reported.

Markets are also pondering how President-elect Donald J. Trump’s proposed tariff and tax cut policies, which are expected to be inflationary, could impact the Fed’s outlook.

A rise in US Treasury yields offered support for the dollar.

The dollar index, which measures the greenback against six major peers, was mostly unchanged at 106.580 after rising to its highest since Nov. 27 at 106.81 on Wednesday.

The dollar rose 0.17% to 152.72 yen, after hitting a two-week high of 152.845 yen the previous day as market players trimmed back bets for a rate hike in Japan next week.

US consumer prices increased in November by the most in seven months, but the Federal Reserve was still expected to deliver a third consecutive interest rate cut next week to support a labor market that has been cooling.

Progress in lowering inflation toward the US central bank’s 2% target has virtually stalled, with the report from the Labor department on Wednesday also showing no improvement in the measure of underlying price pressures over the past four months.

The consumer price index rose 0.3% last month, the largest gain since April after advancing 0.2% for four straight months, the Labor department’s Bureau of Labor Statistics said.

In the 12 months through November, the CPI climbed 2.7% after increasing 2.6% in October. The rise in the CPI was in line with economists’ expectations.

The annual increase in inflation has slowed considerably from a peak of 9.1% in June 2022. The Fed’s focus has shifted more toward the labor market. Though job growth accelerated in November after being severely restricted by strikes and hurricanes in October, the unemployment rate ticked up to 4.2% after holding at 4.1% for two consecutive months.

Excluding the volatile food and energy components, the CPI increased 0.3% in November, rising by the same margin for the fourth consecutive month.

In the 12 months through November, the so-called core CPI gained 3.3%, matching the advance in October. Over the past three months, the core CPI averaged a 3.7% annualized rate.

Based on the CPI data, economists estimated that the core personal consumption expenditures (PCE) price index rose 0.2% in November after advancing 0.3% in October. Core inflation was forecast increasing 2.9% year on year after gaining 2.8% in October, in part because of unfavorable base effects.

These estimates could change after November’s producer price data due for release on Thursday.

Despite the lack of progress in the inflation fight, investors took comfort from the moderation in the cost of rent and the fact that core inflation had not deteriorated.

Financial markets have almost fully priced in a quarter-percentage-point rate cut at the Fed’s Dec. 17-18 policy meeting, according to CME Group’s FedWatch Tool. Before the release of the inflation data, the odds were roughly 86%.

Economists expect policy makers will signal fewer rate cuts in 2025 when they update their summary of economic projections next week. Though slower inflation is forecast next year as rent costs cool further and labor market slack grows, that could be offset by higher prices from tariffs on goods and mass deportations of immigrants that have been promised by Mr. Trump.

The Fed kicked off its monetary policy easing cycle in September. Its benchmark overnight interest rate is now in the 4.5%-4.75% range, having been hiked by 5.25 percentage points between March 2022 and July 2023 to tame inflation. — A.M.C. Sy with Reuters

SC rejects final appeal of Camp John Hay ruling

CAMP JOHN HAY — BW FILE PHOTO

THE Supreme Court (SC) has issued a ruling “deny(ing) with finality” all appeals filed by CJH Development Corp. in connection with the court’s ruling allowing the Bases Conversion and Development Authority (BCDA) to recover a 247-hectare property in the John Hay Special Economic Zone (SEZ).

Citing a resolution dated Oct. 22, the BCDA said that the Supreme Court En Banc ruled to “deny with finality the said motions for reconsideration as no substantial arguments were presented to warrant the reversal of the questioned decision … No further pleadings or motions will be entertained.”

According to BCDA, the decision affirms the 2015 arbitral award and reinstates the writ of execution and notice ordering CJH Development to vacate the leased premises within Camp John Hay, a former recreational area for US servicemen in Baguio.

“The decision in favor of BCDA has become final and executory and has been recorded in the book of entries of judgments,” the BCDA said.

“The BCDA assures the public that businesses will continue to operate in Camp John Hay. The BCDA is closely coordinating with all stakeholders to ensure a smooth transition,” it added.

The BCDA and CJH Development had entered into a lease agreement covering 247 hectares after the conversion of Camp John Hay into the 625-hectare John Hay SEZ.

BCDA administers former military installations being converted into commercial and industrial zones, including bases formerly operated by the US military. — Justine Irish D. Tabile

Fil-Chinese companies cite high power costs, red tape as leading deterrents to investment

FILIPINO-Chinese businesses said they continue to view high power costs and red tape as the leading deterrents to expanding their operations.

“There are issues which are of major concern to businessmen. Number one is our cost of electricity… there is also the ease of doing business,” Cecilio K. Pedro, president of the Federation of Filipino Chinese Chambers of Commerce and Industry, told reporters on Thursday.

“Number one is our cost of electricity, one of the highest in Asia-Pacific. Sometimes big industries can’t enter because they can’t get enough power,” he said.

Regarding the onerous process of obtaining business permits, he added: “We need to bring our permits together… You have to go to every department and meet their requirements. Pahihirapan pa sa mga requirements. So, pag-isipan natin kung paano tulungan itong investors (It’s difficult to gather all the requirements. We need to think of how to help investors),”he added.

“Investors create jobs… jobs will be key for the country to move forward,” he said.

Separately, Mr. Pedro said the Philippines will remain reliant on Chinese goods even amid China’s growing assertiveness in the South China Sea.

“Trade between Philippines and China is favoring China because they export a lot to the Philippines, and we cannot replace (their goods),” he added.

Manila and Beijing have repeatedly clashed in the disputed waterway, with both sides accusing each other of raising tensions.

China claims over 80% of the waterway, but the Permanent Court of Arbitration voided its claim in 2016.

“Most of the products we buy from China are still the lowest priced in the world, mahirap sila palitan (they are difficult to replace),” he said.

“China also needs our products, because we have minerals and agricultural products,,” Mr. Pedro said.

China is among the Philippines’ top export destinations for bananas, avocados, and pineapples, among others. It is also the Philippines’ main market for nickel ore.

“What we have to improve on is the relationship between Philippines and China,” he added. — Adrian H. Halili

Sweden interested in PHL mining, healthcare tie-ups

REUTERS

THE Swedish government has expressed interest in collaborating with the Philippines in mining, healthcare, transportation, digitalization, and defense, the Board of Investments (BoI) said.

In a statement on Tuesday, the BoI said that Trade Undersecretary and BoI Managing Head Ceferino S. Rodolfo recently met with Håkan Jevrell, Sweden’s State Secretary to the Minister for International Development Cooperation and Foreign Trade.

“The two officials discussed priority areas in trade and investments with the aim of establishing a platform for the two economies to discuss and exchange information on mutually identified priority areas through a Joint Economic Commission,” the BoI said.

During the meeting, Mr. Jevrell expressed interest in possible ventures in mining, defense, healthcare, transportation, and digitalization, citing the need for such tieups to involve sustainable practices.

“Sweden is advanced in terms of technology transfer through partnering with the local ecosystem. A Swedish company, Ericsson, is the leading innovator for connectivity,” Mr. Jevrell said.

He said the Philippines has a well-developed mining industry, but “at this stage, the relationship with the Philippines (will center on how) to do sustainable mining with appropriate solutions. Swedish companies are ready to be part of the mining journey with less impact on the environment.”

In healthcare, Mr. Jevrell cited specific interest in supporting the Philippines’ efforts in cancer care.

Mr. Rodolfo said that “the Philippines aims to have an active pharmaceutical industry.”

Meanwhile, Mr. Jevrell said that Sweden is also open to supporting the Philippines in introducing renewables into the grid.

“Companies like ABB have strong interest in working more with the Philippines in this area,” he added. — Justine Irish D. Tabile

British chamber backs passage of Konektadong Pinoy measure

THE British Chamber of Commerce Philippines (BCCP) said it supports the passage of the Open Access in Data Transmission bill, also known as the Konektadong Pinoy bill, as well as further economic liberalization.

“The British Chamber will remain at the forefront of supporting key legislation to continue opening up the economy while promoting multiple areas of cooperation,” BCCP Executive Director Chris Nelson said at a briefing on Thursday.

“This aligns with our goal of further increasing UK-Philippines trade and the overall drive to boost its competitiveness in Southeast Asia,” he added.

The chamber also sought the passage of the proposed Cybersecurity Act and the E-Governance Act.

“We have also been very concerned and advocating for cybersecurity. Cybersecurity is an issue across the world … And the UK is a known source of expertise on cybersecurity,” said Mr. Nelson.

“Cybersecurity is not only important for banks; it is going to be important for all companies and for everybody because, as we get more digitized, security is going to be more critical in the future,” he added.

He said that the proposed Cybersecurity Act will help extend the obligation to maintain secure systems across the private sector.

“Why is that important? Because once you start to extend it, it becomes everybody’s responsibility. And you can only protect yourself then when more people are aware of what guidance and what is needed,” he said.

“So we’re looking very much forward to having that bill passed, and as we said, we’d like to see a swift pass, hopefully by the beginning of the next Congress,” he added.

He said that the E-governance Act will help investors see improvements in Philippine bureaucracy.

“Things have improved, but it could be much better. And one of them is if we enact the E-Governance Act. Anything you can digitalize will make the process quicker which would encourage more companies to come,” he said.

Meanwhile, he said that the BCCP wants to also see further removal of Constitutional barriers to foreign investment.

“The Philippines is one of those countries that has what they call the ‘negative investment list’ which is actually in your Constitution,” he said.

“This obviously means foreign companies cannot invest in certain sectors, so we want to see further liberalization,” he added.

He said the Philippines has taken steps in opening some industries, such as renewable energy (RE).

The government saw an increase in RE projects after it allowed full foreign ownership in the industry. Foreign investment was previously capped at 40%.

“We have seen it in some other aspects, but we can continue to do more and further open up the economy. You are competing with other countries that may be more liberal,” he added.

In the year to June 2024, trade between the UK and the Philippines amounted to 2.9 billion pounds sterling. The Philippines is the UK’s second-largest export market for pork next to China. — Justine Irish D. Tabile

Offshore wind green energy auction set for late 2025

STOCK PHOTO | Image by Nicholas Doherty from Unsplash

THE Department of Energy (DoE) said on Thursday that it will stage the fifth round of the green energy auction (GEA-5) in the third quarter of 2025, with the auction to focus on offshore wind projects.

“As a cornerstone of the Philippine Energy Plan 2023-2050, GEA-5 exemplifies the government’s unwavering commitment to renewable energy deployment, energy security, and the energy transition agenda,” the DoE said in a statement.

GEA-5 will ensure that offshore wind developers enjoy long-term demand for their output. The timing of the auction will help keep developers on track to start generating output by 2028.

The DoE will soon release the notice of auction and terms of reference, outlining the timeline, procedures, and guidelines for GEA-5 participation.

The DoE is currently evaluating position papers from stakeholders on the design of the auction.

“The launch of GEA-5 is expected to catalyze the development of offshore wind projects, solidifying the Philippines’ position as a renewable energy leader in the region,” the DoE said.

To date, the DoE has awarded 92 offshore wind energy service contracts with a potential capacity of 68.66 gigawatts (GW).

Philippine offshore wind resources are estimated at potentially 178 GW, according to the World Bank’s 2022 Offshore Wind Roadmap for the Philippines.

The GEA program establishes the framework for facilitating investment in new and additional renewable energy capacity, to ensure adequate supply under a competitive process.

The government first held GEA in 2022 and resulted in 1,996.93 megawatts (MW) worth of renewables being awarded. The second round was staged in 2023, with 3,440.76 MW awarded.

Aside from GEA-5, the DoE is set to hold an auction which involves 4,475 MW of impounding hydro, pumped-storage hydro, run-of-river hydro, and geothermal contracts, and another for integrated renewable energy and energy storage systems. — Sheldeen Joy Talavera

MAP to hold fresh election after incoming head quits

MANAGEMENT Association of the Philippines (MAP) 2025 President-elect Emmanuel P. Bonoan has withdrawn before officially taking up his post, citing personal reasons.

In a letter to members dated Dec. 12, MAP President Rene D. Almendras said that the 2025 incoming board will reconvene to select another leader.

“I have received from Noel Bonoan, our MAP 2025 President-elect, his decision not to assume the presidency for personal and private reasons,” according to his letter.

MAP announced on Nov. 20 the selection of Mr. Bonoan, KPMG R.G. Manabat & Co. vice chairman, chief operating officer, and head of advisory.

According to Mr. Bonoan, letters alluding “to a complaint filed by his former wife and allegations she has raised in an ongoing annulment case” have been received by the MAP.

“I recognize the distress these allegations have caused among some people within and outside of MAP. With this and after careful reflection, I made my decision,” according to a letter sent by Mr. Bonoan to Mr. Almendras.

“My hope is that this will avoid distracting the organization from its mission of instilling management excellence in the Philippines,” he added.

Mr. Bonoan also served as an undersecretary to the Department of Finance and held oversight functions at the Bureau of Internal Revenue. — Justine Irish D. Tabile