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PwC awarded valuation contract for Malaya power plant

PRICE WATERHOUSE COOPERS (PwC) Philippines has won a contract awarded by state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to value the Malaya Thermal Power Plant and its underlying land.

“As the winning principal consultant, PwC Philippines shall be responsible for the drafting of financial models and analyses to optimize value for the land and structures of Malaya,” PSALM said in a statement Thursday.

Its sub-consultant, Asian Appraisal Company, Inc., will be responsible for appraising the Malaya site and is bound by the same terms and obligations that apply to the principal consultant.

PwC Philippines will present the results of its valuation to the Board of Directors of PSALM in August, the same day PSALM has set for the auction of the Malaya plant and land.

On March 4, PwC Philippines won the highest rating of three competing consultancy firms during the negotiated procurement.

PwC is a global network of firms delivering assurance, tax, and consulting services for your business.

The Malaya power plant is run by PSALM through an operation and maintenance service contract.

Malaya is compelled to provide power as deemed necessary to ensure the reliability of supply in the Luzon grid, especially in times of power shortfall. It also provides a measure of system security and voltage support.

The winning bidder for the plant will not be compelled to operate it on a must-run basis. — Janina C. Lim

Smart energy: Use more conventional sources

Some good news in the world energy sector here. One, world oil prices keep falling, WTI is now only $51+ per barrel vs $62 a month ago and $75 in early October 2018. Two, the US cemented its role as the world’s largest oil producer, its output now 12.4 million barrels per day (mbpd) vs. 8.8 mbpd at the end of the Obama administration. Three, the oil-price decline is despite joint OPEC + Russia oil production cut to force higher prices. China is perhaps the world’s biggest oil consumer but it remains a mid-tier oil producer (see table 1).

President Trump and the US are winning the battle to keep world oil prices low. Saudi, the rest of OPEC and Russia are losers to force high oil prices. Russia and President Putin hate low oil-gas prices, these being their main bread and butter.

At the Jeju Forum for Peace and Prosperity 2019 conference in South Korea last May 29-31, I attended a panel discussion on “US-Korea energy cooperation.” The speakers were Melissa Simpson of the US State Department, Geoff Moody of the American Fuel and Petrochemical Manufacturers (AFPM), Prof. Shim Shangmin of the Korea National Diplomatic Academy, and Prof. Jung Yonghun of Ajou University.

Ms. Simpson explained the US government’s policy of more oil-gas production and more exports to allies like South Korea and Japan. Mr. Moody showed charts that: (a) US crude exports keep rising, (b) in 2018 the US’ top 3 export destinations for hydro-carbon gas-liquids are Japan, Mexico and South Korea, and (c) for crude oil export destinations, the top 3 are Canada, South Korea and China.

Prof. Shim explained that the South Korea government energy policy now is to shift away from nuclear and coal power and move towards renewables wind-solar. He is not very optimistic about power reliability and lower prices though. Prof. Jung emphasized the need for more US-Korea cooperation given the rising energy needs of his country.

The Friedrich Naumann Foundation for Freedom (FNF) sponsored a panel on “Smart cities” and one of its three speakers, Prof. Hwang Jie-Eun of the University of Seoul, partly mentioned the role of cheaper energy in SME tech start-ups in the Sewoon Campus project.

Here in the Philippines, three recent reports in BusinessWorld are worth noting:

1. “Luzon grid goes on six-hour yellow alert Tuesday” (June 5).

2. “Congress ratifies Solar Para sa Bayan bill” (June 5).

3. “Legislators urged to reduce Philippines’ dependence on coal-fired power plants” (June 6).

Report #1 shows that until today, we still lack sufficient power, stable and reliable power that can run 24/7 and not dependent on weather. Report #2 shows further energy cronyism via legislation while trying to expand intermittent and unstable solar power. Report #3 shows how some lobbyists spread fake news, that the Philippines has big coal power already and we need to cut or discontinue more coal power plants. Far out, see table 2.

The “smart energy” policy for the Philippines and other developing countries is to keep using conventionals — oil, gas and coal, even nuclear. With continuing rise in US oil-gas-coal production and exports, the prices of these three conventionals will further stabilize at low, competitive levels.

 

Bienvenido S. Oplas, Jr. is the president of Minimal Government Thinkers.

minimalgovernment@gmail.com

Yes to civil unions. But for all

A disappointing aspect of the ongoing national conversation on same-sex “marriage” is the propensity of some sectors, mostly liberal progressives, to use hateful or hostile language on anyone contradicting them.

For example, say anything against gay “marriage” and you’ll be automatically called “homophobic.”

Never mind that “phobia” means “irrational fear or hatred,” which is hard to apply when the position against gay “marriage” has profound philosophical, legal, historical, sociological, and scientific grounding. Not to mention faith.

And it’s hard to credibly label something homophobic when the opposition against gay “marriage” is not based on hatred but rather on true marriage’s beneficial effect on the spouses, children, the family, and society itself.

There’s a substantial degree of gaslighting being done here by liberal progressives. And a fair amount of “projection.”

Their logic’s precariousness somehow compels liberal progressives to just amp up their volume in the hopes of silencing opposition.

Thus, a word this column has come up with and that is: “ratiophobic.”

Ratiophobic : raSH·ow ‘fōbik; adjective: having an irrational or showing an irrational dislike of or prejudice against reason or rational discussion.

Example of usage would be: “Say something against same-sex marriage means you’re bigoted, intolerant, or medieval, or hate homosexuals”; “Anyone saying something against SSM shall be ‘unfriended’”; and “F-bombs to all religious fanatics out there.”

Many who advocate for same sex “marriage” are, of course, not ratiophobic. Their position is based on a sincere desire to uphold the dignity and respect for every human being. Which this column completely agrees with.

The disagreement lies in the understanding of what “marriage” is, which this space has pointed out is a comprehensive union between one man one woman ordered to procreation and family life.

Those who support same sex “marriage” claim that the defining factor is love or emotional bond. The arguments for and against have been discussed previously and will not be restated here.

In any event, the “compromise” being currently pushed nationally is “civil union or partnership.” Thus, the argument goes, homosexuals will attain the legal benefits afforded to married couples but without using the word “marriage” dear to its defenders.

But this is a false compromise: it provides all the substance of marriage under the guise of a semantic bait and switch.

It actually allows marriage to homosexual couples albeit under a different name, while ignoring the position of those defending marriage as a specific human phenomena (recognized but not created by government) and “good” necessary for the benefit of the spouses, children, the family, and society as a whole.

Such civil-union proposal establishes an alternative or parallel concept to the long established view of marriage as possessing both unitive and procreative aspects. It makes civil unions the equal of marriage, if not a marriage itself.

This makes government complicit in recognizing, endorsing, and the forcing of a principle, relationship, and reasoning directly against the belief, thought, or even faith of those defending marriage.

So here’s a counterproposal, an offer of compromise in good faith, without prejudice to the arguments in favor of marriage previously made.

If indeed, as the LGBT advocacy argues, “marriage” for them is based not on the aforesaid bodily union but on love or emotional bond, then why not have civil unions or partnerships open to all acceptable human relationships and not only to homosexual couples?

The State, in this case, will not be making a judgment on, recognition, and endorsement of any possible sexual relationship amongst the parties (and thus the morality of the relationship), as none is presumed involved, only love or emotional bond being the qualifying element.

Nothing in this proposal endorses incestuous sexual relationships or removes criminal liability as appropriate (e.g., rape).

Thus, any friendship or relationship between or amongst persons able to give consent, as well as the relationships (not necessarily all) enumerated in Articles 37 and 38 of the Family Code (ascendants/descendants, siblings, first cousins, step-parents/children/siblings, in-laws, adopter/adopted), are apt for civil unions.

The common law relationship described in Article 147 can be conveniently absorbed under this concept. Not included here for substantial reasons are persons in existing valid marriages.

This way, the State may provide most legal marital benefits to any proven loving relationship (e.g., hospital visitation, welfare, etc.) without treating or recognizing the same as marriage, and thus upholding the traditional or actual definition of marriage.

Not being marriage, this proposed civil union or partnership will not require (nor will it be appropriate) for surname changes for a party. Any natural offspring will have the biological mother’s surname. Dissolutions other than invalidity or death is permissible, as such will not be considered a divorce.

Finally, the secular nature of this civil union also gives ample protection for religious and academic freedom, and free speech.

Compromises are never perfect but this should be a reasonable step forward for all Filipinos of good will in this profoundly important yet utterly complex issue.

 

Jemy Gatdula is a Senior Fellow of the Philippine Council for Foreign Relations and a Philippine Judicial Academy law lecturer for constitutional philosophy and jurisprudence.

jemygatdula@yahoo.com

www.jemygatdula.blogspot.com

facebook.com/jemy.gatdula

Twitter @jemygatdula

Combating ‘fake news’

Singapore passed early last May an anti-“fake news” law that will be implemented this month. The “Protection from Online Falsehoods and Manipulation” Act gives government the power to compel online news sites and even chat groups to remove statements “against the public interest” and to correct them. Not only individuals will be affected but also social media and news organizations like BBC and Reuters.

In the Philippines, the generation and sharing of false information has undermined informed citizen opinion and decision making on a number of issues, among them the Duterte regime’s supposed campaign against illegal drugs, extrajudicial killings, the proposal to shift to a federal form of government, China’s occupation of the West Philippine Sea — and, as the May 13 elections demonstrated, even who to vote for.

A bill similar to Singapore’s was introduced in the Philippine Senate in 2017 It was not limited in application to online news sites and chat groups, but included print and broadcasting, and imposed fines and even imprisonment for any violation of its provisions. If it had passed into law it would have been in violation of Article III, Section 4 of the Philippine Constitution which protects free speech, free expression, press freedom and freedom of assembly. But it was proposed because of the harmful effects of “fake news” not only on the making of the informed public a democracy needs, but also on the reputations of individuals and groups about whom false information is spread in furtherance of a particular purpose. Among those affected are independent journalists, human rights defenders, and critics of the current regime.

Disinformation has been used to conceal the brutality of the Duterte “war on drugs” and the evils of the Marcos kleptocracy, as well as to support plunderers, mass murderers, and corrupt officials. Because it has reduced public discourse to who can mobilize enough online trolls and print and broadcast hacks to drown out the voices of reason, the inevitable question is still how “fake news” or disinformation may be best combatted.

Combating disinformation without violating civil rights demands the involvement of a number of actors including the government. The Constitution’s Article III, Section 4 thrusts upon the State the duty of defending press freedom in order to encourage the development of an independent press and an informed citizenry that is critically engaged in public affairs.

The intimidation, harassments and other attacks on the press are completely at odds with it, and least of all should such assaults come from such governments as those with democratic pretensions. But because the Duterte administration has even accused independent journalists and media organizations of involvement in plots to destabilize it, it will take organized citizen action, together with responsible media organizations and journalists, to compel government observance of its constitutional duty not only to protect press freedom and free expression but also to enhance the exercise of both.

That will not be served by passing any law against the generation and dissemination of disinformation. As dangerous as “ fake news” is, combating it via legislation will do more harm than good. The first question such a law would provoke is who or what will decide what is false or authentic information? The likely answer is a government agency, in which case, because governments have an interest in favorable publicity, “fake news” could very easily be declared true and its opposite false. Such a law could lead to the weakening of the press’ fourth estate function of monitoring government as well as the right of the citizenry to hold government to account.

What is urgent is for government to reform its own media system, which has been accused of generating and spreading false information. It can first of all make that system financially and politically independent. Only during the Corazon Aquino administration was this seriously considered. The then head of the Philippine Information Agency (PIA) proposed it, but failed to obtain enough support to make it a reality. During the Aquino III administration, the Secretary of the Presidential Communication Operations Office (PCOO) floated the idea of making the system independent of whatever regime is in power, but that did not prosper either.

In one of his speeches, President Rodrigo Duterte said that government media could “copy” the BBC model. That model consists of the BBC’s being funded through a mandated share of the taxes on TV and radio sets and other means of information transmission. It will require congressional action and presidential approval for that model to be adopted. But nothing came of Mr. Duterte’s remark.

Part of the reforms needed in the government media system is the retraining of its editorial staff and reorienting it from its current public relations focus to a public information perspective. A system of public information would cease to report merely on whatever regime is in power, but would provide information even on the opposition and government critics in furtherance not only of the journalistic imperatives of truth telling, accuracy and fairness but also for the making of the truly informed citizenry democracy needs.

What can also help is the institution in both the public and private school system of media or news literacy programs, starting at the primary grades up to the tertiary level. Citizen understanding of what constitutes news and how it is gathered, processed and disseminated; the values and standards of the press, as well as the political and economic interests behind the media, can help the public not only to distinguish disinformation from news, but also to intelligently demand better press performance. A media-literate public can be sufficiently informed to demand that the press and media observe their own standards of truth telling and accuracy.

Some media organizations have made fact-checking not only the claims of news sources but also their own intended issuances standard practice. Facebook has also engaged online news sites Rappler and Vera files in fact-checking social media posts, and a consortium of journalism schools and media organizations is similarly engaged. Media advocacy as well as civil society groups have also taken it upon themselves to release lists of online sites that are not trustworthy and which have a record of disseminating false information.

But fact-checking is not enough. Part of the media training future journalists and other citizens should be getting is how to evaluate such issuances from government and even some media organizations as the “matrices” that the administration and its allies claim prove the involvement of journalists and other personalities in a supposed plot to oust President Duterte.

Not only in journalism but in other disciplines as well is the identification of the sources of their information necessary for the sake of credibility. A so-called “reliable source” not only has to be identified or at least described; its claims also have to be verified by consulting other sources. Absent these qualities, a self- described “news report” is of doubtful credibility. Mixing opinion and fact is another warning sign that the same piece doesn’t have enough facts to begin with and was likely to have been driven by the prior agenda of discrediting certain individuals and groups even without proof that they’re engaged in wrongdoing or even a criminal enterprise.

The above points need to be part of any media and news literacy program, as well as the courses of study in the country’s journalism schools, together with an emphasis on the ethics of truth-telling and the professional standards of accuracy. What is crucial is public understanding of the role, the values and the responsibilities of the press and media, whether old or new. Disinformation is a constant peril in communication, and only a media-literate public can recognize and combat it.

 

Luis V. Teodoro is on Facebook and Twitter (@luisteodoro).

www.luisteodoro.com

At the seashore

Sun and surf, sea and sky. These are a few of our favorite summer things.

Whether one is in Boracay, Bohol, Palawan, Waikiki, Cote d’Azur, or Ibiza, there are colorful, amusing characters at play.

Chilling, one can observe the parade of people in various stages of undress or overdress. Here is a composite collection in the local section.

The CEO or boss is clad in designer beach shirt with matching sun hat, loafers or beach sandals. He carries the smart phone or his aide carries it discreetly with a security two-way radio.

His toys are: a yacht or speedboat with a power notebook or tablet, wave runner, zodiac dinghy, scuba or snorkel gear, binoculars, fishing rod, kite and fishing rod. He moves around with a retinue of gofers, a safari of well-dressed staff to carry his safari gear.

The Environmentalist wears earth and sea colors — a straw hat, white cotton t-shirt and cream shorts over mint green or cobalt swimsuit. She carries a basket of homemade goodies, bamboo straw, recycled paper bag with biodegradable disposables. She sips juice out of the coconut shell, eats her food on banana leaves during her picnics. She abhors anything plastic and reptilian — (including the two-legged species).

The Golfer can only enjoy a beach resort where there is a 9-hole golf course. On a forced family vacation, he spends time on the fairways and looks somewhat displaced without his clubs and woods, spike less shoes. He sees the beach as a giant bunker with a water hazard.

The social fashion plate uses waterproof makeup with SPF70, coiffed hair, displays a slinky sarong over her maillot or a billowing caftan with a huge hat and a matching parasol. The spa and masseuse beckon and she can relax in the Jacuzzi or in a luxurious gazebo with a cocktail.

The beach kids are a diverse bunch.

The well-mannered, environmentally friendly kid who follows the rules on safety and cleanliness is the role model for our own kids. He picks up any scattered bottles and plastic debris to help keep the shoreline clean and safe.

Congratulations to the parents who raise and discipline their children to become the future ecologically respectful generation.

The rowdy, temperamental, uncontrollable brat is a specimen for the concentration camp or a zoo cage. He scoots around on an over speeding Jet Ski and threatens to run over anything in his path. His neglectful parents are oblivious of the pint-sized hazard.

The Tourist is a camera bug who records the people and the changing weather. The only thing that could be wrong is that he and his troupe are not ecologically aware. He tosses and leaves a trail of discarded fruit peels, styro packs, plastic bags and cigarette butts. He feeds peanuts and chocolate bits to the fish. (This litterbug should be fed to the sharks!)

Recently, some beached whales have been found — with plastic trash and items in their stomach cavities. They agonized probably for days before they expired on the beaches. It’s tragic that their painful deaths were caused by garbage from insensitive and careless people on passenger and cargo ships.

There is a code of politically correct behavior for la grande vacance, an updated list of do’s and don’ts:

• Thou shall love, protect and preserve Nature/Mother Earth. Do not litter the ocean and shore with non-biodegradable materials: plastic, aluminum, tin, rubber, glass Styrofoam, cigarette butts. Pick up debris and dispose in the appropriate designated garbage bins. Some are bins for recycling.

• Do not deface rocks, cliffs with atrocious carvings, and paint graffiti. These notorious scribbles and dudes belong to another millennium of cavemen hunters. (Anthropologists do not appreciate crude etchings of hearts, arrows and initials.)

• Thou shalt enjoy the scenery in silence, Listen to the symphony of the sea. It is good for the soul and mind — after all the noise pollution of the urban jungle. Beach subdivisions, try to observe silence before 9 a.m. and during lunch break (1 to 3 p.m.), at sunset and after 10 p.m. unnecessary noise (jet skis, dune buggy). Thou shalt maintain a safe distance from boats, one can get severe injuries if one is run over or slashed by the propellers.

• Thou shalt keep a low profile. Act with decorum and good taste. Loud, boorish behavior, fighting, heavy drinking are not allowed. Noise such as jet skiing, rock or heavy metal music disturb others who are resting or meditating between 1-3 p.m.

• Thou shalt practice safety procedures. Follow instructions of lifeguards. Wear a life vest or floater. Swimmer should stay away from boats. Accidents happen.

• Thou shalt wear the appropriate attire. No swimming in denim jeans. Wear hats, sunblock and decent swimsuits that flatter the figure.

• Keep a low profile. Keep the yacht at a safe and discreet distance.

• At sea, bring the essentials, life vests, flashlights, first aid kits, sunblock, lotions to cure sunburn, jellyfish and sandflies bites, lots of fresh drinking water, healthy snacks. Stay close to the shoreline.

• Thou shalt protect thy face and skin with sunblock, hat, visor, sunglasses, and umbrella. Avoid exposure between 10 a.m. and 4 p.m. To prevent premature aging and melanoma. Shower to rinse but don’t waste precious fresh water.

• Thou shalt educate the children and staff to be respectful towards others and the world around us. Set a good example so that they will learn the values of good manners, consideration and concern for the environment.

 

Maria Victoria Rufino is an artist, writer and businesswoman. She is president and executive producer of Maverick Productions.

mavrufino@gmail.com

Senators begin assigning committee posts

By Charmaine A. Tadalan, Reporter

THE Senate’s reorganization for the 18th Congress is almost complete, Senate President Vicente C. Sotto III said, following a Wednesday dinner attended by both incumbent and incoming senators.

Mr. Sotto in a mobile phone message to reporters, Thursday, described the meeting as “Very good. Way beyond cordial. Off to a good start I could say.”

The dinner, hosted by Senator Emmanuel D. Pacquiao, was attended by five of the six new senators, including Senators-elect Imee R. Marcos, Ronald M. Dela Rosa, Christopher Lawrence T. Go, Ramon B. Revilla, Jr. and Francis N. Tolentino.

Senator-elect Pia S. Cayetano was not in the meeting as she is currently abroad.

Mr. Sotto recounted giving the senators pieces of paper and asking them to write their preferred committees.

“Well, parang mare-resolve ng kusa, kasi ang nangyari, pagkatapos namin mag-dinner, binigyan ko sila ng piece of paper na nandoon lahat ‘yung mga pangalan nila at pwede nilang isulat ‘yung kanilang preferences,” he said in a phone patch interview with reporters, Thursday. (Well, so that this can be resolved, what happened was, after we had dinner, I handed them pieces of paper with their names, where they could list down their [committee] preferences).

So far, the new senators present agreed to give the public order and dangerous drugs committee, currently chaired by Senator Panfilo M. Lacson, to Mr. dela Rosa; the health and demography, and urban planning, housing and resettlement committees to Mr. Go, and the local government committee to Mr. Tolentino.

The chamber has yet to decide on the committee to be chaired by Ms. Cayetano, whom Mr. Sotto is considering for the ways and means committee.

Sa grupo, pinag-u-usapan namin, kahit si Senator Lacson, ang gusto namin ialok kay Pia Cayetano, kung pwedeng i-chair kasi alam mo naman si Pia, nerd ‘yun, so kayang-kaya niyang pag-aralan talaga yun,” he said. (What the group discussed, even Senator Lacson, we’d like to offer the [ways and means] committee to Pia Cayetano, because, you know, Pia, she’s a nerd, so she can study it.) He noted Ms. Cayetano was also interested in the committee on education, which the chamber might divide into two — basic education and higher and technical education.

Mr. Revilla prefers the committees on civil service, government reorganization and professional regulation, and public information and mass media, which Ms. Marcos also wants.

The public information and mass media panel is currently headed by Senator Grace S. Poe-Llamanzares. She agreed to give it up but requested to chair the committee on banks, financial institutions and currencies, which will be left by outgoing Senator Francis G. Escudero.

Ms. Marcos is also looking into the committees on agrarian reform and on social justice, welfare and rural development, chaired respectively by Senator Cynthia A. Villar, and detained Senator Leila M. De Lima.

Senator Manuel M. Lapid will head the committee on games and amusements; Senator Aquilino L. Pimentel III, the committee on foreign relations; and Mr. Lacson, the committee on national defense and security.

Opposition Senator Francis N. Pangilinan will likely remain the chair of the committee on constitutional amendments and revision of codes.

PSEi rises slightly as inflation stays within target

By Arra B. Francia, Senior Reporter

THE MAIN INDEX firmed up on Thursday as investors reacted to May inflation data and a potential rate cut by the US Federal Reserve.

The benchmark Philippine Stock Exchange index (PSEi) added 0.18% or 14.49 points to close at 7,959.86 yesterday, recovering slightly from the previous session’s plunge. The broader all-shares index eked out gains of 0.03% or 1.65 points to 4,884.87.

“Market was up today as inflation rate falls within the BSP (Bangko Sentral ng Pilipinas) expectation level of 3.2% with room for further monetary policy easing to stimulate the local economy as oil price continues to go down,” Diversified Securities, Inc. Equity Trader Aniceto K. Pangan said in a text message on Thursday.

The Philippine Statistics Authority reported on Wednesday that inflation accelerated to 3.2% in May, higher than April’s 3%. This is within the BSP Department of Economic Research’s 2.8-3.6% estimate range and also within the government’s 2-4% target for the year.

For Regina Capital Development Corp. Head of Sales Luis A. Limlingan, positive sentiment from international markets propped up the local stock barometer on Thursday.

“Shares in the PSEi traded slightly up with regional markets rallying the past session as the Fed chairman signalled an openness to rate cuts,” Mr. Limlingan said in a mobile phone message.

Wall Street indices continued to rally after Fed Chairman Jerome Powell said they may cut interest rates to prevent the US economy from slowing down in light of its ongoing trade disputes with Mexico and China.

The Dow Jones Industrial Average advanced 0.82% or 207.39 points to 25,539.57. The S&P 500 index racked up 0.82% or 22.88 points to 2,826.15, while the Nasdaq Composite index was up 0.64% or 48.36 points to 7,575.48.

In contrast, Asian indices were mixed as investors were more focused on trade war concerns. Japan’s Nikkei 225 was down 0.01% or 2.06 points to 20,774.04. The Hang Seng index picked up 0.16% or 43.41 points to 26,938.85. The Shanghai Composite fell 1.17% or 33.62 points to 2,827.80.

Back home, four sectoral indices were in positive territory, led by mining and oil which jumped 0.78% or 56.92 points to 7,336.93. Financials rose 0.54% or 9.39 points to 1,722.74; holding firms climbed 0.45% or 34.68 points to 7,625.78, while services went up 0.09% or 1.55 points to 1,664.47.

Meanwhile, property slumped 0.29% or 12.70 points to 4,336, while industrials slipped 0.19% or 22.12 points to 11,567.99.

Some 674.77 million issues valued at P7.34 billion switched hands, lower than Tuesday’s P10.55-billion turnover.

Foreign investors were net sellers on Thursday at P425.29 million, although lower than the previous session’s P737.38 million.

There was an equal number of advancers and decliners at 98, while 49 names were unchanged.

Peso climbs on US job growth

THE PESO strengthened a tad to hit a seven-week high as the dollar weakened due to slower employment growth in the United States.

The local unit closed Thursday’s session at P51.74 versus the greenback, four centavos stronger than the P51.78-per-dollar finish on Wednesday. This was the peso’s best showing in seven weeks or since it closed at P51.64 per dollar last April 15.

The peso opened the session slightly stronger at P51.76 per dollar. It dipped to as low as P51.83 intraday, while its best showing stood at P51.73.

Trading volume dropped to $714.4 million from the $1.04 billion that switched hands the previous session.

A trader said the peso moved sideways yesterday even as the dollar was “generally weak” due to disappointing job growth in the US last month.

Payroll processing company ADP reported on Wednesday private firms only added 27,000 new positions in May, way below the estimate of Dow Jones at 173,000. The disappointing data may be considered as a signal that US economic growth is slowing.

“The employment numbers came in lower than expected and at its multiyear lows. That’s why we saw general dollar weakness, but dollar-peso did not really move in line with that. The peso was just range-bound,” the trader said in a phone interview.

Meanwhile, another trader said the peso appreciated following the faster-than-expected May inflation report and dovish stance of some US Federal Reserve officials.

The Philippine Statistics Authority reported on Wednesday that inflation accelerated to 3.2% in May from the three percent tallied the previous month and the 4.6% recorded in May 2018.

The quicker inflation print, which was also faster than the three percent median in a BusinessWorld poll, was driven by higher prices of food and non-alcoholic beverage as well as water, electricity, gas and other fuel costs.

“With the inflation, the concern there is it’s higher than expected. It’s a limiter for the (Bangko Sentral ng Pilipinas) in terms of them being able to cut (interest rates),” the first trader said.

The trader added that risk-off sentiment persisted amid ongoing trade tensions in the United States, with the latest development being with Mexico.

For today, the first trader expects the peso to trade between P51.65 and P51.90, while the other gave a P51.60-P51.80 range. — Karl Angelo N. Vidal

Show-cause order issued to Grab

By Denise A. Valdez, Reporter

THE LAND Transportation Franchising and Regulatory Board (LTFRB) said it has issued to Grab Philippines (MyTaxi.PH, Inc.) a show-cause order to justify its pronouncements about the removal of about 8,000 drivers from its platform.

“The Land Transportation Franchising and Regulatory Board (LTFRB) has issued a Show Cause Order (SCO) to MyTaxi.Ph,Inc. (Grab) today, 06 June 2019, on the account of the deactivation of about 8,000 units,” a statement by the government regulator said. “Grab is set appear before the LTFRB Board on 11 June 201 to explain and elucidate the agency and the public regarding their decision and statement.”

“The LTFRB regularly sends a report to Grab containing the list of drivers who apply for LTFRB accreditation. Drivers who do not apply at all for a Certificate of Public Convenience (CPC) should have already been deactivated by Grab per LTFRB order issued months ago,” LTFRB also said.

Last Monday, Grab said it is prepared to remove about 8,000 drivers from its platform due to the lack of certification from the LTFRB to operate as a transport network vehicle service (TNVS).

The LTFRB opened the application for 20,000 TNVS slots in December, which is set to close by today, June 7. Grab said it anticipates about 8,000 of its drivers won’t make the deadline and are therefore set to be removed from its platform.

Aside from the issue of drivers supposedly removed “months ago,” the LTFRB said it also calls on Grab to explain complaints about the company’s supposed failure to honor discounts for persons with disabilities, senior citizens and students in its platform. The discount is required by the LTFRB through Memorandum Circular 2011-004.

The regulator said it wants to know “if a mechanism exists for Grab to remedy the failure to apply the required discount after a completed ride as part of their compliance….”

Grab was sought for comment as of this reporting.

Defense officials no-show in amparo hearing by NUPL

By Vann Marlo M. Villegas, Reporter

NONE OF the seven defense and military officials who were named respondents in the writ of amparo and habeas data petition of the National Union of Peoples’ Lawyers (NUPL) attended the Court of Appeals hearing on June 6, Thursday, the president of the organization said.

NUPL President Edre U. Olalia, who took his stand as witness in the hearing at the special fifteenth division of the Court of Appeals (CA) for their writ of amparo petition, said the respondents cited “different reasons” for their absence.

“Not one of the seven generals appeared, much less the President,” he told reporters.

Mr. Olalia said the CA justices handling the petition, which seeks protection from alleged red-tagging by the government, “were quite upset” about the absence of the respondents, saying “it took a long time before they let it slide.”

Lawyer Rachel F. Pastores, legal counsel of NUPL, said the court required the respondents to appear in the next hearing set on July 11.

“(I)t’s important for the respondents to be present kasi (because) the allegations pertain to threats to right to life and liberty of petitioners, so these are actual allegations that need the presence of the respondents that’s why the court required their presence,” she told reporters after the hearing.

The NUPL filed its petition for writ of amparo and habeas data before the Supreme Court last April.

The respondents in the petition were President Rodrigo R. Duterte and seven other government officials: National Security Adviser Hermogenes C. Esperon, Jr., Defense Secretary Delfin N. Lorenzana, Armed Forces of the Philippines (AFP) Chief-of-Staff Gen. Benjamin R. Madrigal, Jr., AFP Deputy Commander for Intelligence Brig. Gen. Fernando T. Trinidad, AFP Chief of Intelligence Service Maj. Gen. Erwin Bernard Neri, Philippine Army Commanding-General Lt. Gen. Macairog S. Alberto, and AFP Deputy Chief-of-Staff for Civil Military Operations Maj. Gen. Antonio G. Parlade, Jr.

A writ of amparo is a remedy available to anyone whose right to life, liberty, and security is violated or threatened with violation by an unlawful act or omission by a public official or employee. A writ of habeas data, on the other hand, was sought to compel the government to destroy information that may have been gathered against the petitioners.

The high court granted the petition for writ of amparo and habeas data but also referred to the CA the petition seeking a temporary protection order against the respondents.

DFA chief: PHL still online participant in climate change meetings

By Charmaine A. Tadalan, Reporter

THE Department of Foreign Affairs (DFA) on Thursday clarified it will still remain a participant of United Nations conferences on climate change, but through online communication.

Foreign Affairs Secretary Teodor L. Locsin, Jr. on Wednesday said DFA officials can no longer attend forums if by air travel, which he explained is consistent with climate change efforts.

“We just vote without talking. A Nauru UN conference in New York said that using air travel to talk about climate change makes the climate worse,” Mr. Locsin said in a social media post.

“Internet na lang (We’ll just use the internet). Clean communication.”

This directive followed President Rodrigo R. Duterte’s remarks against costly international conferences on climate change. Mr. Duterte was speaking during the 25th International Conference on the Future of Asia in Tokyo, Japan last week, which was attended also by Mr. Locsin.

Mr. Locsin also argued the Philippines has been cited for its stand on the climate change issue and its plans to address it.

“UN experts say the Philippine DFA’s-not NGOs’-climate arguments and proposals are the strongest,” he said.

“So who will make and propose them now? We will-on the Internet as UN Conference urged. Wala ng (No more) traveling faces.”

He clarified also the directive doesn’t cover environmental advocates, saying, “But NGOs (non government organization) are free to come and go at their own expense.”

DoH to parents: Watch out for toxic materials in school supplies

THE Department of Health (DoH) called on parents to be on the lookout for toxic materials in school supplies.

“We appeal to parents be cautious when buying school supplies for their children; read carefully the labels to know if it is appropriate for your children and registered with our FDA (Food and Drug Administration) for safety, and immediately consult a doctor in cases of accidental ingestion or any adverse health effects while using school supplies,” Health Secretary Francisco H. Duque III said in a statement on Thursday.

The Food and Drug Administration (FDA) released last year Advisory No. 2018-008 (also posted on its Web site) identifying a pencil brand, a crayon brand, and a paint brand found to have toxic levels of lead, cadmium, and mercury.

“Children, because of their physical and mental immaturity, have always been considered as a high-risk population. Their hand-to-mouth behavior as well as their innate curiosity predisposes them to put objects in their mouth resulting to unintended exposure to multiple hazardous substances that may be contained in such objects,” the advisory stated in part.

“Accordingly, to protect them from unnecessary hazards, parents, school teachers and guardians are strongly advised to strictly monitor the children especially when they are engaged in activities wherein adult supervision is required.” — GM Cortez