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PSE index snaps six-day rally as optimism wanes

By Denise A. Valdez, Senior Reporter

PHILIPPINE SHARES closed lower on Tuesday as more investors secured profits following the double-digit rally of the market since last week.

The benchmark Philippine Stock Exchange index (PSEi) dropped 76.11 points or 1.17% to end at 6,415.08, while the broader all shares index declined 41.25 points or 1.06% to close at 3,818.11.

The PSEi opened at 6,467.45, which was also its highest level for the day, and continued to slide lower to hit a bottom of 6,381.19 before moving higher in the second half of the session.

“The local bourse dropped 1.17% due to profit-taking after six consecutive days of the rally as it is near the resistance level of 6,570.00,” Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a text message.

Local shares were climbing since the beginning of last week, initially on the back of onshore investors but eventually with support from foreign money.

The PSEi gained 592.72 points or 10.05% from Oct. 16 to Oct. 26, when it closed at 5,898.47 and 6,491.19, respectively.

Foreign investors have been net buyers since Oct. 21 as well, posting net inflows of P103.54 million on Tuesday, lower than the previous session’s P4.44 billion.

“The US market’s sell-off overnight has spilled over in the bourse amid the negative sentiment from the recent surge of COVID-19 (coronavirus disease 2019) cases in the US coupled with the uncertainties over the stimulus package,” Ms. Alviar added.

Wall Street closed lower on Monday with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices posting 2.29%, 1.86% and 1.64% declines, respectively.

“The market closed on red territory as investors chose to stay on the sidelines amid the release of third quarter corporate earnings results. Internationally, traders may be gauging the overall sentiment as we move closer to the US elections,” Timson Securities, Inc. Trader Darren T. Pangan said in a text message.

Meanwhile, the announcement on Tuesday morning of an extended Metro Manila lockdown until the end of November failed to give investors a cause for optimism, which dragged the market lower until the end of trading.

All sectoral indices recorded losses upon market close: holding firms by 93.99 points or 1.39% to 6,636.72; financials by 17.18 points or 1.35% to 1,252.35; property by 39.37 points or 1.25% to 3,103.69; industrials by 80.26 points or 0.93% to 8,529.77; mining and oil by 46.37 points or 0.60% to 7,646.90; and services by 1.16 points or 0.07% to 1,471.52.

Some 6.49 billion issues valued at P8.02 billion switched hands on Tuesday, climbing from the previous session’s 2.72 billion issues valued at P31.09 billion.

Decliners bested advancers, 117 against 79, while 64 names ended unchanged.

Duterte orders probe of agencies for corruption

PRESIDENT Rodrigo R. Duterte on Tuesday ordered the Justice department to probe all agencies for corruption, in line with his campaign against anomalies in the government.

In a televised speech, Mr. Duterte read a memo for Justice Secretary Menardo I. Guevarra asking him to investigate “the entire government” until 2022.

“In pursuit of this directive, the Department of Justice (DoJ) shall have the authority to decide which allegation to investigate, taking into consideration the gravity thereof and their impact on the delivery of government service,” he said.

He added that the Justice department could create separate task forces for the probe.

“Apart from my usual responsibilities as secretary of Justice, this new assignment is the toughest I have ever received from the President,” Mr. Guevarra told reporters in a Viber group message.

“Considering the breadth of this anti-corruption campaign, I will immediately focus on the organizational setup and mechanism that will carry out the President’s directive till the end of his term, as well as the order of priorities,” he said.

In his speech, Mr. Duterte flagged former officials from the Philippine Health Insurance Corp. (PhilHealth), adding that their resignation does not absolve them of the charges.

Mr. Duterte, whom critics have faulted for failing to disclose his net worth despite his vow of transparency, earlier ordered the DoJ to form a task force that investigated corruption at PhilHealth.

The panel headed by Mr. Guevarra later sought criminal and administrative charges against some officials.

The President also ordered the DoJ to investigate the Agriculture and Public Works departments.

His spokesman Harry L. Roque on Tuesday said Mr. Duterte has the power to order the probes even if the law already mandates the Office of the Ombudsman and Presidential Anti-Corruption Commission (PACC) to investigate state anomalies.

The separate probe of PhilHealth showed how effective this was, he added. “The more government people are focused on the issue, the better.”

KICKBACKS
Corrupt lawmakers allegedly involved in corruption at the Public Works department get as much as a 15% cut for every infrastructure project, PACC Commissioner Greco Belgica told the ABS-CBN News Channel.

“Legislators will get 10-15% per project,” he said, citing reports received by the agency. “Normally it’s advanced. It varies per project but that’s the basic minimum.”

District contractors and engineers also get kickbacks, he added.

“The choice contractor will be accommodated and the contractors themselves will have their own little syndicates among themselves,” he said.

Mr. Belgica said only half of the fund goes to the infrastructure project, resulting in substandard work.

“We’re investigating the entire DPWH,” he said. “We spoke to all district engineers so we’re building up the report right now. As to exactly how many, as of now, the numbers have been growing by the day.”

Public Works Secretary Mark A. Villar said he has formed a task force that will probe the allegations.

The investigation will cover all engineers regardless of their ranks, he told GMA News, adding that they won’t favor anybody.

“This is definitely not for show,” he said in Filipino. “I am results-oriented. When I have tasks, I’ll make sure there are results.”

Speaker Lord Allan Q. Velasco said a large-scale investigation of alleged corruption in the entire government was needed since a House probe would be “self-serving.”

“While we are saddened that some congressmen and the institution have been dragged into this controversy, we welcome such a probe by any government agency, as an investigation by the House would be self-serving and would only create a cloud of doubt,” he said in a statement.

He assured Mr. Duterte that the House of Representatives leadership agrees with his desire “to rid the bureaucracy of corrupt officials and employees in the remainder of his term.”

Meanwhile, Party-list Rep. Romeo S. Momo, Sr. said the House should wait for the results of the Public Works department’s own probe before conducting its own inquiry.

“Similar to what several congressmen had already stated, Mr. Belgica should name names if he truly has the smoking gun on alleged corrupt practices undertaken by legislators and DPWH officials,” InfraWatch PH Convenor Terry L. Ridon said in a Messenger chat.

He noted that not a single legislator had been identified up to now since the allegation was flagged by the PACC.

“Without evidence, this is an affront to Congress itself, as the PACC has prejudged its own pending investigation by making still unfounded, still unevidenced statements,” he added.

InfraWatch PH earlier urged the government to create an independent task force to probe the anomalies at the agency.

Mr. Guevarra said he might form several “strike forces” that will simultaneously “attack” various corruption-laden agencies. 

The Justice chief urged tipsters to come forward and provide information on corrupt state activities.

“The new and expanded anti-corruption task force will take it from there,” he said.

Mr. Duterte in a speech aired Tuesday ordered the Justice department to probe corruption allegations “in the entire government.”

The President has previously tasked Mr. Guevarra to form a panel to probe the anomalies in the Philippine Health Insurance Corp.

The National Bureau of Investigation (NBI) early this month filed graft complaints before the Office of the Ombudsman against former PhilHealth chief Ricardo C. Morales and eight other officials. — Gillian M. Cortez, Vann Marlo M. Villegas and Kyle Aristophere T. Atienza

Philippine Red Cross likely to miss testing orders on gov’t debt

THE PHILIPPINE Red Cross (PRC) might miss a chance to buy coronavirus testing kits from China on Tuesday after the state health insurer failed to pay its debt, according to Senator Richard J. Gordon.

The lawmaker, who heads the local Red Cross, said he had received reports that the Philippine Health Insurance Corp. (PhilHealth) had prepared a check as payment for the P1.1 billion debt that remained unsigned.

The government had committed to pay by Oct. 26.

“I talked with somebody who said the check was ready yesterday, it just wasn’t signed,” he told an online news briefing in mixed English and Filipino. “I don’t know what that means.”

The Red Cross had obtained a permit for a chartered flight to China for COVID-19 (coronavirus disease 2019) test kits, but it could not proceed without the payment, Mr. Gordon said. “I can still fly it this afternoon, but I cannot fly unless I have the money to pay for the test kits,” he said. “It will just be a waste of time.”

The Red Cross was expected to bring home about 450,000 coronavirus test kits that will be distributed to 21 laboratories.

Mr. Gordon said he expects higher testing demand in case of a fresh surge in infections. “That way, we won’t get blindsided, we won’t rush,” he added.

The PRC has conducted the most number of tests as of Oct. 27, with 1.1 million COVID-19 tests since April, out of all hospitals and other health facilities in the country.

The humanitarian organization on Oct. 14 stopped conducting PhilHealth-funded tests for returning migrant Filipino workers, frontliners and government health workers due to the mounting debt.

The Department of Health (DoH) reported 1,524 coronavirus infections on Tuesday, bringing the total to 373,144.

The death toll rose by 14 to 7,053, while recoveries increased by 353 to 328,602, it said in a bulletin.

There were 37,489 active cases, 82.8% of which were mild, 11% did not show symptoms, 4% were critical and 2.2% were severe.

Negros Occidental reported the highest number of new cases at 115, followed by Cavite at 76, Benguet at 72, Quezon City at 67 and Laguna at 65, the agency said. — Vann Marlo M. Villegas

Gov’t orders 3,000 overstaying Chinese nationals to leave

THE BUREAU of Immigration (BI) ordered almost 3,000 Chinese to leave the country after their 30-day visas given to tourists upon arrival lapsed.

In a statement, Immigration Commissioner Jaime H. Morente said 2,736 Chinese were granted visas upon arrival but failed to leave the country on their scheduled departure. More than half of them had been blacklisted, he added.

Some had valid reasons for failing to leave the Philippines on time, including canceled flights amid a coronavirus pandemic, he said “Those who stayed without sufficient basis were included in our blacklist.”

The Tourism and Justice departments agreed to allow Chinese nationals to get their Philippine visas upon arrival at the airport three years ago to attract tourists and tour groups.

Tourists with this type of visa may not extend their stay beyond 30 days, Mr. Morente said. Only 5% of Chinese arrivals in the country fall under this category, he added.

The Philippines suspended visas upon arrival in January after a Senate investigation found that tens of thousands of Chinese nationals had been given the privileges. It remains suspended amid the pandemic.

The government started scrutinizing special visas given to Chinese nationals due to concerns about national security and illegal employment in online casinos. — Vann Marlo M. Villegas

Nationwide round-up (10/27/20)

House panel approves recommendation to file charges vs Duque, other PhilHealth execs

A JOINT panel in the House of Representatives on Tuesday approved a 65-page report recommending the filing of charges against Health Secretary Francisco T. Duque III and other officials involved in the alleged anomalies in Philippine Health Insurance Corp. (PhilHealth). Members of the House committees on public accounts, and good government and public accountability maintained in their report that Mr. Duque and other members of the PhilHealth Board should face administrative and criminal charges even as Bulacan Rep. Jose Alvarado-Sy filed an omnibus motion to exclude the state insurance firm’s board members from several charges. The joint panel recommended that the Office of the Ombudsman file criminal charges against the following: Mr. Duque, who sits as ex-officio chairperson of the board; former PhilHealth president and chief executive officer Ricardo C. Morales; Executive Vice President  Arnel F. De Jesus; Senior Vice Presidents Israel Francis Pargas, Renato Limsiaco, and Rodolfo del Rosario Jr.; and Senior Manager Rogelio Pocallan for violating Republic Act 3019 or the Anti-Graft and Corrupt Practices Act. They are linked to the alleged illegal fund releases under the Interim Reimbursement Mechanism, a system of cash advances meant to assist medical providers during “fortuitous events” such as the coronavirus pandemic. The joint panel also gives the President authority to re-organize PhilHealth, and abolish some of its offices if necessary. — Kyle Aristophere T. Atienza

DoT backs COVID-19 testing price cap to encourage more domestic tourists

THE TOURISM department is supporting the proposed price cap on coronavirus disease 2019 (COVID-19) tests to reduce costs for potential travelers. Tourism sites that have reopened, such as Boracay and Baguio, require visitors to present a negative COVID-19 test result before being allowed entry. Tourism Secretary Bernadette Romulo-Puyat, in a press release on Tuesday, said the imposition of price caps on both polymerase chain reaction (PCR) and rapid antigen tests would benefit the industry that is among the hardest hit by the coronavirus crisis. “The Department likewise finds it imperative to address the urgent need to impose a price cap on these accepted COVID-19 testing methods to promote domestic tourism, which in turn can generate employment and stimulate economic recovery,” she said. The Department of Health last month recommended that President Rodrigo R. Duterte issue an executive order on the price ceiling. A PCR test could go as high as P12,000 in private laboratories. Tourism Congress of the Philippines President Jose C. Clemente III has said that the industry’s recovery depends on health safety, as well as cost and ease of travel. — Jenina P. Ibañez

Gov’t stands pat on eased distancing rules

THE GOVERNMENT on Tuesday dismissed the recommendations of an independent research group that warns against relaxing distancing protocols in mass transport. In a briefing on Tuesday, Palace Spokesperson Harry L. Roque said the government “disagrees” with the OCTA research group, adding that the eased measures were made by a team of medical experts and doctors. “I’m sorry, itong mga doktor pong ito ay respetado. Hindi ko po alam kung sino iyong doktor ng OCTA Group (these doctors  are respected. I don’t know who is the doctor of the OCTA Group),” he said. OCTA said on Monday that there will be a spike in coronavirus cases within the next two weeks following the decreased distancing requirements in public transportation. Meanwhile, the Food and Drug Administration (FDA) head said on Tuesday that preparations are underway for setting up cold chain storage facilities for vaccines. FDA Director General Rolando Enrique C. Domingo said the Health department already rents such facilities if there is a need during routine immunization programs, but it plans to have its own for the coronavirus vaccine distribution. Mr. Roque said the government has enough funds to purchase and build the needed facilities. — Gillian M. Cortez 

Duterte asks lawmakers to fast-track bill on OFW department

PRESIDENT RODRIGO R. Duterte called on lawmakers to fast-track the passage of the bill that will create a new department for overseas Filipinos workers (OFWs), citing the urgent need to have an agency that will focus on their needs, especially amid displacements prompted by the global coronavirus pandemic. “I’d like to hurry up Congress in this. One of my proposals during the campaign period was the creation of Overseas Filipino (Workers department),” he said during a televised address on Tuesday. Mr. Duterte said the Department of Labor and Employment cannot solely handle the needs of OFWs given its responsibilities on in-country policies and programs. Palace Spokesperson Harry L. Roque said on Tuesday the President might certify the measure as urgent. The President also called for the creation of special agency for maritime workers. The House of Representatives in March approved on final reading its version of the bill creating the department, while Senate versions are pending. — Gillian M. Cortez 

Voters want automated elections — La Salle study

FILIPINO VOTERS prefer an automated election system (AES) after finding the last four polls credible, transparent and accurate among others, a study found. “The latest available data on the 2019 mid-term elections to the data compared with the 2016, 2013, and 2010 elections shows improving Comelec (Commission on Elections) performance over time,” said Professors Ador R. Torneo and Topin S. Ruiz of the De La Salle University Department of Political Science. The study, titled 2019 Mid-term Elections in Review: An Assessment of the ‘Credibility’ of the 2019 Mid-term elections, was presented during the Stratbase ADR Institute virtual town hall discussion on Democracy Goes On: Elections & Electoral Continuity Post-COVID-19. “Automation of elections has improved the transparency of certain aspects of the electoral process. Having transparent elections means that the electorate has access to processes and information,” the authors said. Further, the study noted the increased public trust as well as the low number of electoral protests as among the indicators that showed improvement in the system. — Charmaine A. Tadalan

Senators commend quick recall of envoy in abuse case, call for action

SENATORS on Tuesday commended the Department of Foreign Affairs’ (DFA) immediate recall of the Philippine ambassador to Brazil who was filmed on a security camera maltreating her Filipino household staff, and at the same time called for immediate action on the case. “I call on our Department of Foreign Affairs to conduct a thorough investigation on the matter and prosecute the official if found violating our labor laws and the Kasambahay (household helper) Law,” Senate Majority Leader Juan Miguel F. Zubiri said in a statement on Tuesday. Senator Aquilino L. Pimentel III, chair of the foreign relations committee, said the DFA should provide assistance to the victim. “The recall of the diplomat involved back home to the Philippines is the correct move to make. Let us give her a chance to explain,” he told reporters over phone message. “In the meantime, we have to assist the person/staff at the receiving end of the physical violence,” Mr. Pimentel said. The footage was aired in the Brazilian news channel GloboNews last Sunday and later by international news organizations. DFA said the household staff left Brazil on Oct. 21 to return to the Philippines. — Charmaine A. Tadalan

Crime rate drops by 46% during quarantine period

CRIME INCIDENTS dropped by 46% in the last seven months since lockdowns and quarantine measures were imposed in mid-March, according to the Philippine National Police (PNP). In a briefing on Tuesday, PNP Chief  Guillermo T. Eleazar reported a 46% drop in index crimes during the period March 16 to October 25. “The average used to be 176 crimes per day. During this quarantine, it was 96,” he said in mixed Filipino and English. He added that the eight “focus crimes” have significantly decreased due to interventions by the PNP and the Joint Task Force COVID Shield. These crimes are murder, homicide, physical injury, rape, robbery, theft and carnapping. Gillian M. Cortez

Regional Updates (10/27/20)

New tropical depression on its way as authorities assess typhoon Quinta’s damage

THE PHILIPPINES is bracing for another tropical depression, to be named Rolly, as authorities take stock of the damage left by typhoon Quinta (international name: Molave) that exited the country on Tuesday morning. Rolly was located 2,125 kilometers east of central Luzon as of Tuesday afternoon, based on the 5 p.m. advisory from weather bureau PAGASA. It is forecasted to enter the Philippine area by Thursday afternoon and possibly strengthen into a severe tropical storm by the weekend.

DAMAGE
Meanwhile, at least one person has been confirmed to have died and one missing in Negros Oriental due to typhoon Quinta, the National Disaster Risk Reduction and Management Council reported. As of Oct. 27, almost 28,000 families were affected in the regions of Central Luzon, Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon), and Mimaropa (Mindoro, Marinduque, Romblon and Palawan), with over 6,500 families still in evacuation centers. Damage to agriculture has reached P401.73 million, according to the Department of Agriculture (DA). In a bulletin on Tuesday, the DA said initial assessment showed 16,531 farmers have been affected and 14,252 hectares of farm lands were damaged in the regions of Ilocos, Calabarzon, Bicol, and Western Visayas. “Affected commodities include rice, corn, high value crops, fisheries, livestock, irrigation and agricultural facilities,” the DA said. Typhoon Quinta also disrupted power supply with 15 provinces reported to have experienced outages. The National Electrification Administration (NEA) said 23 electric cooperatives had varying degrees of power cuts. Total power interruptions were recorded in Batangas, Marinduque, Occidental Mindoro, Oriental Mindoro, Palawan, Camariñes Sur, Ticao Island, Sorsogon and Albay. Partial interruptions were experienced in Cagayan, Laguna, Batangas, Quezon, Romblon, Masbate, Catanduanes and Aklan. “Our electric cooperatives have already dispatched teams to assess the damage caused by Typhoon Quinta to their distribution facilities and to restore power as quickly and safely as possible,” NEA Administrator Edgardo R. Masongsong said in a statement.

The Department of Energy also said five transmission lines have been affected by Quinta, based on the report of the National Grid Corporation of the Philippines. Three out of eight dams across the country are undergoing spilling operations, but the National Power Corporation assured that dam discharge “will not cause flooding in the warning zone.” These three are: Binga Dam in Benguet; and those in Lake Lanao and the Agus Hydroelectric Plant, both in Lanao del Sur. — with reports from Revin Mikhael D. Ochave and Angelica Y. Yang

House transmits P4.5-trillion 2021 budget bill to Senate

THE House of Representatives on Tuesday transmitted to the Senate its final version of the 2021 General Appropriations Bill (GAB), containing P4.5 trillion worth of spending items for next year’s budget.

The chamber was originally set to transmit the budget bill to the Senate on Oct. 28.

Speaker Lord Allan Q. Velasco said the “record-high budget” was designed to further strengthen the government’s efforts to stimulate the economy after the extensive damage done by the pandemic.

“Not only did we pass the proposed 2021 national budget in a timely, constitutional and legal manner, we also made sure next year’s spending plan will be more reflective and responsive to the needs of the people amid the worst public health crisis in a generation,” he said in a statement.

The Senate confirmed receipt of the budget bill approved by the House, Senate President Vicente C. Sotto III said Tuesday.

“Senate just received the GAB,” Mr. Sotto said in a phone message.

“I wish to thank and congratulate Speaker Lord Velasco for the swift transmission. It’s even one day ahead of my original request that they send it on the 28th.”

Mr. Sotto said the early transmittal of the will allow Congress to work on its passage, in time for its signing before Dec. 25.

“This will somehow ease the burden on us to ensure the passage and signing of PRRD (President Rodrigo R. Duterte) before Christmas.”

Due to the prolonged pandemic, Mr. Velasco said the House increased the allocation for the acquisition of COVID-19 (coronavirus disease 2019) vaccines to cover more beneficiaries, and provided additional funding for the Health Facilities Enhancement Program (HFEP) of the Department of Health (DoH).

“The House-approved version of the budget also has additional funding for the Department of Labor and Employment (DoLE) to aid workers displaced by COVID-19 and for the Department of Social Welfare and Development for another round of financial assistance to families affected by the pandemic,” Mr. Velasco said.

Among the P20 billion worth of items approved by the House Small Committee are P5.5 billion earmarked for the procurement of COVID-19 vaccines; P2 billion for the HFEP program and P300 million for the mental health program of the DoH; P2 billion for the Social Welfare department’s assistance to families affected by the pandemic; P4 billion for DoLE’s assistance to displaced workers, P2 billion for aircraft purchases by the Armed Forces of the Philippines; P2 billion for the Interior department and the Philippine National Police; P1.7 billion for the Department of Education’s distance learning program; P400 million for the Philippine National Oil Co.’s development of renewable resources; and P100 million for the modernization program of Energy Regulatory Commission.

House Ways and Means Committee Chairman Jose Maria Clemente S. Salceda said the 2021 GAB is the most important economic stimulus measure Congress can pass “to lift the country out of its challenging circumstances.”

“The House Small Committee did its very best to ensure that the budget does not have constitutional and legal infirmities as it proceeds to this next stage. As we await the Senate’s version, we will continue to study how best we can introduce programs and projects that will respond to present and new challenges,” he said in a statement Tuesday. — Kyle Aristophere T. Atienza with Charmaine A. Tadalan

P30-B Cebu-Cordova expressway project declared 61% complete

THE P30-billion Cebu-Cordova Link Expressway (CCLEX) bridge project is now 61% complete, Metro Pacific Tollways Corp. (MPTC) said.

The overall engineering, procurement and construction progress rate of CCLEX, one of the country’s largest infrastructure projects which is expected to ease worsening congestion in Metro Cebu, is at 61%, while construction progress alone is 48%, MPTC said in a statement.

Cebu Cordova Link Expressway Corp. (CCLEC) President and General-Manager Allan G. Alfon said the project is set to be “nearing substantial completion in 2021.”

CCLEC is a subsidiary of MPTC. It is undertaking the bridge project under a joint venture agreement with Cebu City and Cordova, a municipality to the south of Mactan.

“Despite the challenges posed by COVID-19 (coronavirus disease 2019), we commit to continue working hard towards completing the project next year for the benefit of the Cebuanos. It is something we look forward to, given the current conditions,” he said.

The bridge was originally scheduled to open to coincide with the 500th anniversary of the Magellan expedition’s arrival in March 2021.

The toll bridge project is expected to be used by around 50,000 vehicles daily.

The project aims to connect Cebu City to Mactan Island through Cordova, which is connected by bridge to Mactan.

MPTC said the bridge, once completed, will ease congestion on Marcelo Fernan Bridge and the Mandaue-Mactan Bridge, which both connect Mactan with Cebu Island.

The company expects the project to “spur trade activities and open greater economic opportunities for Cebu and the rest of the Visayas region.”

MPTC is the tollways arm of Metro Pacific Investments Corporation, one of the three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Arjay L. Balinbin

PHL, Japan to discuss ‘Build, Build, Build’ progress reports in midweek video meeting

Temporary housing units for Marawi evacuees under construction in this December 2017 photo — PHILSTAR/BOY SANTOS

PHILIPPINE and Japanese officials will convene today the Joint Committee on Infrastructure Development and Economic Cooperation to discuss the progress of Japan-funded infrastructure projects.

In a statement Tuesday, the Department of Finance (DoF) said the Japan-backed infrastructure projects that will be discussed during the meeting include the Metro Manila Subway (Phase I), the North-South Railway, the Metro Rail Transit Line 3 (MRT-3) Rehabilitation, the Davao City Bypass, and the Cebu-Mactan Bridge and Coastal Road.

Finance Secretary Carlos G. Dominguez III will lead Philippine representatives and Japan will be represented by Hiroto Izumi, special advisor to Prime Minister Yoshihide Suga.

The video conference will be the first such meeting since talks began in March 2017, amid travel restrictions due to coronavirus disease 2019 (COVID-19).

The officials will also discuss the impact of the pandemic on project implementation, the DoF said.

The Philippines will also report the progress of the peace process in Mindanao, the ongoing rehabilitation of Marawi City, and the status of the newly-established Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

Japan is expected to give an update on its ongoing aid to Mindanao under the Japan-Bangsamoro Initiatives for Reconstruction and Development framework, as well as other programs that aim to promote stability and economic growth in BARMM.

The last meeting was held in Hakone, Japan in December.

The two countries have signed 15 loan agreements worth 679.3 billion yen (P317 billion) since the administration took over in 2016.

Eleven agreements cover big-ticket infrastructure projects under “Build, Build, Build,” the administration’s flagship program.

Japan also extended two loans worth 100 billion yen to help the Philippines fund its pandemic containment effort.

Japan is the Philippines’ biggest source of official development assistance (ODA) with $10.1 billion worth of loan and grant commitments as of June, accounting for 38.53% of the latter’s total ODA portfolio. — Beatrice M. Laforga

Nine power generators bidding to supply Meralco

NINE GENERATION companies have expressed their interest in bidding for supply contracts with Manila Electric Co. (Meralco) in 2024 and 2025, Meralco said.

As of Oct. 23, Meralco received nine letters of interest in the utility’s competitive selection process (CSP) to supply 1,800 megawatts (MW) of power.

The power firms are offering a combined total of 3,600 MW of electricity, according to Ronnie L. Aperocho, Meralco head of networks, in a virtual briefing Monday.

“Some submitted 600 MW, the others submitted a minimum of 150 MW,” he added.

At the briefing, the listed firm’s generation arm Meralco Powergen Corp. (MGen) said its subsidiary Atimonan One Energy, Inc. (A1E), developer of a 1,200 MW coal-fired power plant in the Quezon Province, will join the bidding process.

“We are lining up for the 1,800 MW CSP of Meralco,” MGen President Rogelio L. Singson said.

Meralco is restarting its bidding round after declaring its first round in September 2019 a failure as only A1E submitted an offer.

The deadline for expressions of interest is Nov. 12, and a pre-bid conference is scheduled on Dec. 17.

Qualified bidders will be determined in February.

Meralco’s controlling shareholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a stake in BusinessWorld through the Philippine Star Group, which it controls. — Adam J. Ang

Gov’t asked to implement discount scheme for online purchases of seniors, PWDs

A CONSUMER organization said it has asked the government to develop a discount scheme for senior citizens and persons with disabilities (PWDs) for their online transactions.

Laban Konsyumer, Inc., in a letter to the Department of Social Welfare and Development dated Oct. 26, said senior citizens and PWDs above 65 years old who buy food and other goods online are not able to claim discounts granted by law.

“In most cases, the merchants do not know how to grant the discounts,” Laban Konsyumer President Victorio A. Dimagiba said.

Senior citizens and PWDs receive a 20% discount and are exempt from value-added tax on certain goods and services.

Mr. Dimagiba said that there should be clear and uniform guidelines on discounts, given the restrictions on the movements of senior citizens during the lockdown.

Only persons between 15 and 65 years old are allowed to leave their homes, although local governments can set higher age limits for minors. Senior citizens may leave their homes to work and buy essentials.

Laban Konsumer added that discount guidelines should also include “pabili” services, or ride hailing services buying goods for consumers.

“In our monitoring, pick up and home delivery through telephone are extended the discounts upon placement of the order and submission of the appropriate identification number of the consumers,” Mr. Dimagiba said.

Laban Konsyumer also sent a copy of the letter to the National Commission on Disability Affairs. — Jenina P. Ibañez

Philippines lifts ban on pork imports from Belgium

THE PHILIPPINES has lifted a ban on pigs and pork imports from Belgium, including semen for use by breeders.

In a memorandum order signed on Oct. 26, Agriculture Secretary William D. Dar allowed the entry of animals and pork products on condition that they were sourced from parts of Belgium with no African Swine Fever (ASF) since the animals were born, or for at least three months.

Mr. Dar said the Belgian pork products must be slaughtered at a facility inspected under guidelines set by the World Organisation for Animal Health (OIE).

According to the DA, the ban was lifted after Jean-François Heymans, Belgium’s director of veterinary services, declared to the OIE that it has zero documented outbreaks of ASF in its domestic and captive wild pig population.

The DA added that the last documented case of an ASF outbreak in Belgium was in March and affected only wild boars.

The DA said the risk of contamination from Belgian pork imports is “negligible.”

In October 2018, then Agriculture Secretary Emmanuel F. Piñol imposed the ban after Belgium reported cases of ASF in wild boars.

According to the Bureau of Animal Industry, Belgium sent more than 15,000 metric tons (MT) of pork products to the Philippines in 2017 and almost 14,000 MT in 2018 before the ban was implemented. — Revin Mikhael D. Ochave

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