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Doctor assignment to Cebu made voluntary

THE GOVERNMENT will no longer force state doctors to go to coronavirus hotspot Cebu City, and will instead seek volunteers, the Department of Health (DoH) said on Tuesday.

The original plan was to send 40 doctors in four batches every two weeks, but a number of them declined, Health Undersecretary Maria Rosario S. Vergeire told an online news briefing.

“This would all be voluntary so we won’t have an issue for the meantime,” she said.

Ms. Vergeire said initially, 37 doctors from Western Visayas were to be reassigned temporarily, three of them turned out to be pregnant. Some areas also would have been left without government doctors had they been transferred, cutting the list to 26.

Health authorities were finalizing the number of doctors to be deployed, she added.

Ms. Vergeire on Sunday said Health Secretary Francisco T. Duque III had ordered the transfer of rural doctors to Cebu City because its healthcare system was overwhelmed.

Doctors to the Barrios batches 36 and 37 opposed the order, saying the doctors had not been consulted and informed through writing.

They also criticized the lack of protocols for the deployment, which they said “contradicts the thrust of the Doctor to the Barrios program.” The government started the program in 1993 to address the lack of doctors in the countryside.

Doctors assigned in Western Visayas will stay in Cebu City from June 30 to Sept. 30, while those in Central Visayas were expected to report from June 26 to July 30.

The cities of Cebu and Ormoc, and the provinces of Leyte and Samar were considered COVID-19 hotspots due to a surge in cases.

Ms. Vergeire said they would be sent to private hospitals when they see the need. The doctors transferred to Cebu City will provide support in triage areas and outpatient units.

The agency might also tap medical interns who have graduated but have yet to take licensure exams to help in hospitals.

Licensed doctors will supervise the interns, who will be assigned to triage areas or places that “will not require too much decision-making,” Ms. Vergeire said. — Vann Marlo M. Villegas

Nationwide round-up

WHO recommends localized lockdowns, no return to stringent quarantine

THE PHILIPPINE capital does not need to revert to stringent lockdown measures and can just enforce localized quarantine in specific areas to contain the spread of the coronavirus, a World Health Organization (WHO) official said on Tuesday. “We don’t believe that the situation in the Metro requires a reversal,” WHO Country Representative Rabindra Abeyasinghe said in an online briefing. The localized lockdown policy can be applied nationwide at the town or village level when there are spikes in coronavirus disease 2019 (COVID-19) cases. Mr. Abeyasinghe said this strategy will not compromise both public health and the economy of the entire National Capital Region (NCR). The NCR, also referred to as Metro Manila, accounts for about a third of the country’s economic output, registering a 36% contribution to the gross domestic product in 2018. This is the biggest share among 17 regions. Mr. Abeyasinghe also emphasized the need to strictly maintain health safety protocols such as wearing of face mask, physical distancing and personal hygiene. President Rodrigo R. Duterte was expected Tuesday to announce adjustments in the quarantine category for Metro Manila and other parts of the country starting July 1. — Gillian M. Cortez

Senate reviewing amendments to proposed law on COVID measures

THE EXECUTIVE department has submitted its proposed amendments to the proposed law relating to response measures for the coronavirus crisis, and is in discussion with the Senate leadership for a possible special session for its passage, Senate President Vicente C. Sotto III said on Tuesday. “Early this morning, the office of the committee on finance… has just received a proposal of their amendments to the Bayanihan 2 from the executive department,” Mr. Sotto said in an online briefing Tuesday. “The committee will review it. I’m sure Senator (Juan Edgardo M.) Angara will tell us what it’s about.” Mr. Sotto also said he is expecting a call from Executive Secretary Salvador C. Medialdea on Wednesday regarding Malacañang’s decision about the special session. The senator also recommended that before holding a special session, Congress leaders should meet with the executive department to settle amendments as they had done in the first Bayanihan law. “When I was talking with ES Medialdea last night, I suggested to him that if ever they would indeed call a special session… the leadership of the House, Senate and executive department (should) sit down first, and find out what we can agree on,” he said. The Senate on June 3 approved on second reading Senate Bill No. 1564, the Bayanihan to Recover as One Act, which extends certain special power granted to President Rodrigo R. Duterte to address the crisis brought by the coronavirus disease 2019.

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Meanwhile, Mr. Sotto said there are three proposals on how Mr. Duterte’s State of the Nation Address will be set up on July 27. One option is to have Mr. Duterte and only select members of the House and the Senate convene at the House of Representatives building. Another option is for Mr. Duterte to deliver his speech in Malacañang while the legislators are at the House. “And another option, we are here in Senate, HoR in Batasan, and President is in Malacañang,” he said. — Charmaine A. Tadalan

Voter registration remains suspended until end-August

REGISTRATION OF voters for the 2022 national elections has been suspended anew in consideration of the continued coronavirus outbreak, the Commission on Elections (Comelec) announced Tuesday. The suspension will be in effect until Aug. 31 this year. “The suspension was previously set only until June 30 but was extended for two more months in view of the still rising number of COVID-19 cases nationwide,” Comelec Spokesperson James B. Jimenez said in a statement. The commission first suspended the operation of all its offices on March 9 until March 31, then extended to April 30 and again to June 30. “Our field personnel continue to outfit their existing offices and procure supplies in order to be COVID-19 ready,” Mr. Jimenez said, “We are continuously refining our guidelines and health safety protocols so that we do not contribute to the further spread of the virus.” — Charmaine A. Tadalan

Lawmakers order social welfare dep’t to give updated data on PWDs

LAWMAKERS IN the House of Representatives on Tuesday asked the Department of Social Welfare and Development (DSWD) to provide an updated data on persons with disabilities (PWDs) for more relevant legislation. “This is very difficult because when we continue doing our plans and programs and allocating budgets both local and national, we should have a basis for all these programs in place. And benchmarks are always used also to evaluate how far we have done in reaching these marginalized sectors,” Bohol Rep. Edgar M. Chatto said during the virtual hearing of the House committee on PWDs. “If there is no data, then what we are just gathering is the number of persons served but we are not taking cognizance of what percent of the total PWD population has really been served,” he added. DSWD Division Chief Miramel G. Laxa said she will raise the matter to the agency, acknowledging that there is currently no organized data available. Ms. Laxa said the agency, based on 2016 statistics from its National Household Targeting Office, has a record of more than 823,000 households with PWDs, of which 545,882 are non-poor households while 277,132 are poor. She reported that the agency was able to serve 1,187 PWDs affected by the coronavirus pandemic from January to May through its crisis intervention unit. DSWD is still finalizing the number of PWDs who received emergency subsidy under the social amelioration program. — Genshen L. Espedido

Salceda warns of closed POGOs reopening under different ownership

THE GOVERNMENT should “watch out” for shut Philippine Offshore Gaming Operators (POGOs) that may reopen under different ownership to avoid tax dues, a senator said on Tuesday following reports that two POGOs have exited the country. “POGOs will still be liable to the law, as withholding agents of their income tax liabilities. We should watch out for the operators of these POGOs, as closure may be used by some as a tactic to reopen under different declared ownership, with the real owners and operators being able to evade previous tax liabilities,” said Albay Representative Jose Maria Clemente S. Salceda, who chairs the House of Representatives ways and means committee. Mr. Salceda also reiterated the need to pass bills establishing a tax regime for POGOs. House Bill 5777, which seeks to impose a 5% franchise tax on POGOs and a 25% withholding tax on foreign workers, was approved at the committee level in December. Its counterpart measure, Senate Bill 1295, is pending at the committee level. — Genshen L. Espedido

Peso rallies on positive US data

THE peso strengthened against the greenback on Tuesday on US data suggesting signs of economic recovery and month-end transactions.

The local unit closed at P49.83 versus the dollar yesterday, appreciating by 2.5 centavos from its P49.855 close on Monday, data from the Bankers Association of the Philippines showed.

The peso opened the session at P49.75 per dollar. Its weakest showing was at P49.84 while its intraday best was at P49.74 against the greenback.

Dollars traded dropped to $642.73 million on Tuesday from the $819.22 million recorded on Monday.

Data on US home sales suggesting the housing market is starting to recover was positive for the peso, said Michael L. Ricafort, chief economist at Rizal Commercial Banking Corp.

“The record month-on-month rise in the US pending home sales data party supported the latest market gains,” he said in a text message, noting the local unit was at its strongest in nearly four weeks or since its P49.80-per-dollar close on June 5.

Data from the National Association of Realtors on Monday showed the pending home sales index, based on contracts to buy previously owned homes, surged by 44.3% to 99.6 in May which was its largest increase since 2001, Reuters reported.

The peso also gained on the back of “month-end dollar transactions”, a trader said in an email.

However, the trader said the currency might weaken this Wednesday “amid increasing geopolitical tensions abroad”.

China on Tuesday passed the controversial national security legislation for Hong Kong, which critics have slammed for being a threat to freedoms in the special administrative region.

The US Commerce Department on Monday said it was halting its “preferential treatment to Hong Kong over China, including the availability of export licence exceptions”.

For today, Mr. Ricafort gave a forecast range of P49.70 to P49.95 per dollar while the trader expects the peso to move around the P49.75 to P49.95 band. — L.W.T. Noble with Reuters

PSEi closes higher on bargain hunting, Wall St.

THE LOCAL MARKET closed in green territory on Tuesday as US indices also rose.

The Philippine Stock Exchange index (PSEi) rose 102.54 points or 1.68% to 6,207.72 while the broader all shares index increased 48.31 points or 1.34% to 3,645.17.

Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile phone message that local shares closed on a positive note as Wall Street also increased as traders ignored rising coronavirus disease 2019 (COVID-19) cases.

US markets were gainers on Monday. The Dow Jones Industrial Average index went up 2.32%; the S&P 500 index gained 1.47%; and the Nasdaq composite index inched up 1.20%.

Philstocks Financial, Inc. Research Associate Claire T. Alviar said the local market rebounded along with positive performances from US markets while waiting for the government’s announcement of community quarantine guidelines for July.

“The bourse rebounded from (its) 50-day exponential moving average (EMA) after the market fell on that line yesterday that triggers bargain hunting today. This was coupled with the month-end window dressing,” Ms. Alviar said in a mobile phone message.

All sectoral indices closed in positive territory on Tuesday. Financials went up 29.24 points or 2.42% to 1,233.96; holding firms jumped 140.12 points or 2.21% to 6,453.34; services climbed 20.75 points or 1.5% to 1,403.68; mining and oil improved 62.36 points or 1.21% to 5,210.27; industrials rose 88.56 points or 1.16% to 7,702.41; and property advanced 4.86 points or 0.16% to 3,050.45.

Ms. Alviar noted weak investor participation was evident in the value turnover on Tuesday. Value turnover stood at P6.47 billion with 857.27 million issues switching hands, higher than Monday’s value turnover of P5.55 billion.

“The value turnover (on Tuesday) is lower than the month-to-date average of P8.14 billion as investors await the decision of the government on the new community quarantine guidelines for July,” Ms. Alviar said.

“We think that investors are pricing in the gradual reopening of the economy, which we expect a further ease of restrictions, and more businesses will reopen,” Ms. Alviar added.

Advancers outnumbered decliners, 118 to 70, while 54 names closed unchanged.

Net foreign selling was at P833 million, lower than P907.99 million on Monday. For Timson Securities, Inc. Head of Online Trading and Trader Darren Blaine T. Pangan, investors are still cautious over rising COVID-19 cases.

“Foreigners were net sellers for the day amounting to around P833 million, as investors are still playing cautious over the uptrend seen in COVID-19 cases both in the country and in major economies across the globe,” Mr. Pangan said in a mobile text message.

“6,100 remains a key level of support as it coincides with the simple moving average…, while 6,300 may be the nearest resistance area. We may have to observe this week if foreigners continue to be net sellers of the local market,” Mr. Pangan said. — Revin Mikhael D. Ochave

Online payments hit 77% of total tax collections, BIR says

AROUND 77% of all taxes collected as of mid-June were coursed through electronic payment (e-payment) channels, the Bureau of Internal Revenue (BIR) reported, after the lockdown coincided with income tax season.

Citing preliminary data from the BIR, the Department of Finance (DoF) said in a statement Tuesday that the taxes for which electronic channels made up the bulk were collected between January and June 15, which overlapped with the lockdown starting mid-March.

The BIR collected P664.74 billion in the five months to May, the latest available period for which data are available, down 27% from a year earlier.

The DoF said the share of electronic payments by value was exhibiting an upward trend in recent years, with e-payments accounting for 84% of total collections in 2019, up frome 80% share in 2015.

The government collected a total of P1.83 trillion from taxes paid online last year, up 59%.

“This marks a major breakthrough for the BIR as the tracking data show that more taxpayers filed electronically or online as compared to those who did so by manual filing in 2019,” Finance Secretary Carlos G. Dominguez III was quoted as saying.

The number of tax filers using electronic channels likewise grew steadily in the past five years. In 2015, those filing tax returns online accounted for 25% of total tax filers that year, rising to 35% in 2016, 46% in 2017, 55% in 2018 and 58% last year.

“That there are more people who filed their taxes electronically than those who filed their tax returns manually even before COVID-19 struck this year proves that the government has started to reap the fruits of the BIR’s nonstop efforts under the Duterte government to make tax compliance more convenient and accessible,” Mr. Dominguez said.

Since 2016, the DoF said the BIR has offered more options for paying taxes, such as PesoNet through Land Bank of the Philippines’ Link.biz Portal; the Development Bank of the Philippines’ PayTax Online System; UnionBank of the Philippines Online; and PayMaya.

These channels come in addition to the electronic Filing and Payment System (eFPS) and GCash.

“The BIR has improved internal processes, raised efficiency levels, and delivered much convenience to our clients — the taxpayers,” Mr. Dominguez said in an online forum last week, adding: “I am confident that more improvements are in store because the Bureau has also demonstrated the ambition and commitment that are key to any successful digitalization reform.” — Beatrice M. Laforga

SEC backs ‘social bonds’ to help fund recovery efforts

THE Securities and Exchange Commission (SEC) said it is encouraging bond issuers to tap the social bond market to help support economic recovery efforts.

In a statement Tuesday, the regulator said the proceeds of such bond issues could help contain the socioeconomic impact of the pandemic and build resilience against future shocks.

“COVID-19 has given rise to serious socioeconomic issues globally, pushing enterprises to the brink of failure and leaving millions of people jobless,” SEC Chairman Emilio B. Aquino said in the statement.

“The social bond market could boost our response to and recovery from the pandemic by unlocking the much-needed capital for the promotion of public health, reopening of businesses and preservation of jobs, among others,” he added.

A social bond’s proceeds are directed towards projects directly addressing specific social issues.

Last week, the SEC approved the social bond issue plans of the Bank of the Philippine Islands (BPI), which aims to raise at least P3 billion from what it calls COVID Action Response (CARE) Bonds.

Proceeds from the CARE Bonds will go towards supporting eligible micro, small and medium enterprises.

The SEC said such bonds may help generate funds for loans to small businesses to support employment and prevent job losses.

“While they seek to achieve positive social outcomes for target populations, social bonds may likewise finance projects that address the needs of the general population, given the far-reaching impact of the COVID-19 pandemic and any resulting socioeconomic crisis,” the SEC said, citing the International Capital Market Association.

Financial institutions such as BPI may use proceeds from social bonds to provide loans for small businesses. In other cases, such as for pharmaceutical firms, the bonds could support research and development to find treatments for COVID-19 (coronavirus disease 2019). Manufacturers could receive support in producing safety equipment and hygiene supplies.

“We hope more companies will explore the social bond market to pursue socially-relevant and impactful projects, especially in this time of unprecedented global health and economic crisis,” Mr. Aquino said. — Denise A. Valdez

Cash-strapped start-ups looking to tap large companies for investment

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Facebook/QBOphilippines

START-UPS struggled during the lockdown because of restrictions on movement and declining cash, and are now looking to companies to partner with and provide investment, QBO Innovation Hub President Rene S. Meily said.

Start-ups, he said in an online interview Wednesday, typically cannot go to banks for financing because they lack collateral. Their traditional recourse, he said, is to offer equity or issue convertible notes.

Mr. Meily said technology-based start-ups have advantages that can be attractive to corporations.

“Investors are looking for start-ups to invest in, and I know from personal experience that corporations understand that there’s a new future engulfing us much faster than we expected and they’re looking for companies — start-ups in particular — that they can either purchase or partner with so that they can join this new digital future.”

He said more Filipinos are now relying on technology, with goods delivery and e-learning wide open to new entrants which start-ups can pivot to.

Some industries are still growing despite the pandemic and are looking to partner with start-ups, Mr. Meily said.

“There are many companies cutting costs but there are certain companies that are also doing relatively well, and it’s the companies that have cash. Their industries are still doing fine. For example telecommunications… and I do know that they’re looking in particular at start-ups that they can fund and invest in and grow.”

Anita Tiessen, chief executive officer of Youth Business International, said in an interview that the immediate crisis for most businesses during the pandemic is liquidity.

“I think if you were operating within the sectors that were still considered essential… or organizations that were able to pivot into that space, then they generally found ways of operating. Those that were doing more leisure and hospitality industries, anything that was face-to-face, were struggling the most,” she said.

“But even there we’ve seen some interesting examples of people who have gone online or turned, for example, restaurants to local supermarkets,” she added.

QBO is retaining its target of on-boarding nearly 150 new start-ups in 2020 to en route to an eventual target of 500 start-ups. Mr. Meily said QBO plans to accomplish this through continued online mentoring sessions, government partnerships, and working with Youth Business International on a competition that will fund start-ups that are working to address needs that arose during the pandemic or have something to offer in the field of sustainability.

The competition, which awards P100,000 each to 10 winners, is part of Youth Business International’s Rapid Response Recovery Program, which is funded by Google.org.

“The whole focus is immediate support, helping businesses into recovery but also adapting what that support looks like in each country’s context,” Ms. Tiessen said. — Jenina P. Ibañez

Pandemic seen as opportunity for start-ups with urgently needed offerings

THE COVID-19 (coronavirus disease 2019) pandemic is an opportunity for start-ups with products that address urgent needs to bypass the usual hurdles and hit the ground running with full government support. This was the key message of speakers at a BusinessWorld Insights online forum moderated by StartUp Village director Carlo Calimon.

“Categorically, this is the best time to be a start-up. There is no bureaucracy, there is extreme urgency, and people seem to be open-minded,” said Winston Damarillo, Talino Venture Labs CEO and Amihan Global Strategies executive chairman.

Mr. Damarillo was a panelist at the BusinessWorld Insights SparkUp Entrep Series, which tackled “The Next Frontier in Innovative Business.”

Mr. Damarillo compared the public health emergency to the dot-com bubble of the late 1990s and the 2008 financial crisis, which spawned both winners and losers.

Mr. Damarillo said he is betting on start-ups with business models geared towards seting up pass systems based on QR codes, and streamlining the distribution of financial assistance and donations.

James Lette, Manila Angel Investors Network executive director, added: “This could be the time when the unicorns of tomorrow are being formed,” referring to the term for start-ups that eventually hit the market at valuations of $1 billion an above.

Initially, “the gut reaction was to tighten wallets and see what happens,” said Bit Santos, Kickstart Ventures portfolio director. “Fortunately, there emerged new opportunities. Life has to go on. Consumers are consuming but differently — and you have to figure out in which ways.”

Many of these opportunities are online because of the reluctance to leave the home because of safety fears, and a market has opened up for companies helping small firms complete their online migrations after adopting stopgap measures when the lockdown was announced.

“We realize that our services are essential now more than ever for our clients to continue their business. We are putting all our best efforts in tailor-making solutions for businesses as they pivot,” said Mitch Locsin, PLDT Enterprise first vice-president and sales head.

QBO Innovation Hub director Katrina Chan, meanwhile, said QBO found in a survey that a fifth of start-ups were struggling to meet outsized surges in the e-commerce and delivery services sectors.

A further 60-80% reported that they were adversely affected by the lockdown and are retooling with more robust solutions. “We at QBO are watching this closely and are working with the government to ensure the survival — if not growth — of the community,” she said.

Eunice Braga, external relations manager of IdeaSpace Foundation, said that the start-up system is at an inflection point, particularly those firms dealing with sanitation, health, education, and farming.

Capitalizing on these opportunities, however, will need public-private partnerships. “This pandemic underscores the importance of the government’s role as we reboot. There is a lot of infrastructure we still don’t have. We need a digital ‘Build, Build, Build,’ and I advise start-ups to seek out these opportunities,” Mr. Damarillo said. — Patricia B. Mirasol

BGC-Ortigas link bridge 53% complete, on track for Q1 launch

THE Department of Public Works and Highways (DPWH) said Tuesday that the P1.6-billion project that will connect Bonifacio Global City (BGC) and Ortigas Center is now about 53% complete.

“It’s at about 53% at this stage,” DPWH Build, Build, Build Chairman Anna Mae Y. Lamentillo told BusinessWorld by phone.

She said the project is targeted for completion by the first quarter of 2021. “But I think we might be ahead of schedule.”

DPWH Secretary Mark A. Villar has said traveling between the central business districts of Taguig and Pasig Cities will only take 10 to 12 minutes once the project is completed.

Congestion on EDSA and C-5 Road, particularly along Guadalupe Bridge and Bagong Ilog Bridge, will be reduced by about 25%, he added.

The BGC-Ortigas Center Link Road Project, which was started in July 2017, involves the construction of a four-lane bridge across the Pasig River connecting Sta. Monica Street in Pasig City and Lawton Avenue in Makati City, as well as a viaduct traversing Lawton Avenue to the entrance of BGC.

Public and private construction projects have been allowed to resume under more relaxed forms of community quarantine, but workers must be housed and fed onsite and observe physical distancing rules, among other requirements for construction work during the pandemic.

Mr. Villar’s Department Order 35 sets rules for carrying out infrastructure projects during the pandemic.

POEA sets insurance requirement for OFW truck drivers

OVERSEAS workers driving trucks in Europe are now required to work only for employers that provide accident and vehicle insurance, the Philippine Overseas Employment Administration (POEA) said.

In Memorandum Circular No. 14, series of 2020 dated June 23, the POEA said the foreign employer or principal must provide such insurance to truck drivers working in Europe.

They are also responsible for obtaining the worker’s drivers license and should not charge for it, and for providing personal protective equipment.

The POEA set the maximum workday at nine hours, with two 10-hour shifts permitted each week. It also ordered that weekly driving time not exceed 56 hours and capped driving time over any two consecutive weeks at 90 hours. — Gillian M. Cortez

Rural electrification projects face delays due to quarantine

THE National Electrification Administration (NEA) said around 187 rural electrification projects in rural communities are facing completion delays due to quarantine restrictions.

Merong mga 187 sitios na hindi kaya dahil talagang nahuli na walang available na mga materyales tapos nung nag-lockdown hindi makabyahe ‘yung mga contractors (about 187 locations could not transport materials or were prevented from bringing workers in),” NEA Administrator Edgardo R. Masongsong was quoted as saying in a statement Tuesday.

Projects in 457 sitios, a sub-unit of barangays, are currently under construction, out of about 841 due to be powered up under the government’s electrification program.

Earlier, NEA said the completion of the P153-million off-grid solar project that is set to power 5,000 households nationwide was also disrupted by the delayed delivery of solar panels.

Off-grid solar systems are due to be built in the coverage areas of five electric cooperatives: Busuanga Island Electric Cooperative, Inc. (BISELCO), Camarines Sur IV Electric Cooperative, Inc. (CASURECO IV), Iloilo III Electric Cooperative, Inc. (ILECO III), Cotabato Electric Cooperative, Inc. (COTELCO), and Zamboanga del Norte Electric Cooperative, Inc. (ZANECO).

The NEA estimates that 1.83 million households still without power in the Philippines.

It estimates the national electrification rate by number of households is 96%, or 13.71 million households out of the 14.34 million. — Adam J. Ang

Environmental stewardship strategies for green economic recovery

The COVID-19 pandemic has caused economies to fall. To bounce back, the Philippines has adopted a whole-of-society approach in turn-around management. A basic advantage of the Philippines is its cohesive private sector that has taken the lead and has quickly channeled resources towards the most vulnerable communities. This softened the impact on the people especially during the early weeks of the lockdowns.

The Philippine government, like all others around the world, was unprepared for the pandemic but, nevertheless, enforced policies and social amelioration measures to help people get by. After many months of suspended economic activity, it is time to get up and move again. But instead of just kick-starting the economy, a calibrated shift to a green economic recovery makes good practical sense. As the world tries to overcome the pandemic through a “back-to-basics” and green lifestyle, there is a great opportunity to sustainability change the wasteful economy we have all been used to.

During a virtual discussion recently organized by the think tank Stratbase ADR Institute and the Philippine Business for Environmental Stewardship, Congressman Elpidio Barzaga, Jr., together with Undersecretaries Juan Miguel Cuna and Analiza Teh of the Department of Environment and Natural Resources (DENR), called for greater stakeholder involvement towards a green economic recovery, which promotes sustainable development and ensures that the environment is not compromised.

Mr. Cuna stated that the country’s recovery period is an opportunity to transition to a new socio-economic model that is climate-neutral, resilient, sustainable, and inclusive. He reported their push for possible legislative initiatives such as amending the Ecological Solid Waste Management Act of 2000 and the Wildlife Act. Likewise, Ms. Teh underscored the need to structure systems that would enable people to live with smaller carbon footprints, particularly by investing in sustainable infrastructure to ensure long-term impacts. The government should also develop economic recovery packages to support the most vulnerable sectors and promote innovations for clean energy.

The 2011 Green Economy Report of the United Nations Environment Program states that “to be green, an economy must not only be efficient, but also fair.” Being fair means recognizing a country’s peculiarities in transitioning to an economy that is less dependent on carbon and more efficient in the use of resources. Most importantly, the shift to a green economy should be socially inclusive.

Some private business groups that have embraced the call for a green economy are Coca-Cola Philippines, Metro Pacific Investments, Prime Metroline Infrastructure Holdings Corp., Meralco, the Chamber of Mines of the Philippines, and the Ayala Group. These companies commit to the principle that sustainability is not just a statement for corporate social responsibility; rather, it is integral to their business models. Human, economic, and environmental health must harmonize with business decisions and operations. Companies must go beyond their core services to provide for those who are in need.

It is imperative to shift from the linear model to the circular economy. There is an increasing need to invest in the long term and focus on infrastructure to better the lives of the people. Even the government’s “Build, Build, Build” infrastructure development program could take some better turns with the construction of large covered elevated walkways along EDSA and other high-traffic areas instead of just highways for motorists. Local governments can probably replicate the Ayala Group’s transformation of the Makati central business district to encourage a healthy “walking culture” by building elevated walkways linking the workplace to public transport terminals.

Green growth is not limited to the use of electric vehicles and online activities such as virtual meetings, work-from-home arrangements, or e-commerce. It encompasses a wide range of behavioral lifestyle choices.

Indeed, as what Stratbase ADR Institute President Prof. Dindo Manhit stated during the virtual discussion, the emerging green sector can be tapped to generate jobs for workers who have been displaced due to the COVID-19 pandemic. The government could provide fiscal and non-fiscal incentives to attract green investments and projects that would not only contribute to economic growth, but also help conserve the environment and our natural resources. Public-private partnerships (PPPs) is the right fit for these ventures to materialize.

Collective effort towards reviving the economy will need the right policies and infrastructure to support this kind of sustainable turn-around. Once sustainability has been deeply embedded in business operations and in our everyday lives, then not only will costs be minimized, but the destruction of our planet can be averted as well. Along this line, environmental stewardship must be the centerpiece in creating a better and more resilient new normal.

The disruptions of the COVID-19 pandemic punctuate the urgency to change our ways. With a private sector that takes the initiative and the people’s support, the government should focus on creating the policy infrastructure to get things done well and swiftly.

 

Venice Isabelle Rañosa is the Research Manager at Stratbase ADR Institute.